Ww International, Inc. · NASDAQ:WW
Ww International — FY2019 Earnings Presentation
12 slides from Ww International's earnings presentation, Feb 27, 2020
Slide 1: FY 2019 Results
FY 2019 Results w February 25, 2020 Wellness that Works.
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation includes “forward-looking statements, “within the meaning of Section 27A of the Securities Act of 1933,as amended, and Section 21E of the Securities Exchange Act of1934,as amended, including, in particular, any statements about the Company’s plans, strate
Slide 3: Who we are
Who we are Mobile Connect WellnessWins Workshops Events Experience Healthy Kitchen Wellness Travel myWW Smartpoints Fitpoints Technology experience company & platform products &Experiences Human -centric community Behavioral science & program innovation 3
Slide 4: FY 2019 Financial Summary
FY 2019 Financial Summary Subscribers Revenue Gross Margin Operating Margin End of period subscribers of 4.2 million, up 8.0% year-over-year Revenue of $1.4 billion down 6.7%, or 5.0% on constant currency basis1 year-over-year Gross margin percentage of 55.7%, compared to 57.2%in FY 2018 Operating i
Slide 5: 2019 Key Priorities & Initiatives
2019 Key Priorities & Initiatives Focused on recruitment, retention, and elevating the brand Marketing Execution & Strategy Studio Strategy & Future Experience 2020 Innovation Personalization Global Community Activation
Slide 6: Subscriber Seasonality
5.04.54.03.53.02.52.92.8 -18%2.62.43.12.9 -14%2.82.6 -10%3.6 3.53.43.2 4.6 4.5-14%4.2 3.9 4.6 4.6 -8%4.4 4.22.01.51.00.50.0 Q12015 Q22015 Q32015 Q42015 Q12016 Q22016 Q32016 Q42016 Q12017 Q22017 Q32017 Q42017 Q12018 Q22018 Q32018 Q42018 Q12019 Q22019 Q32019 Q42019 Subscriber Seasonality End of Period
Slide 7: Capital Structure
Capital Structure Strong liquidity position As of December 28, 2019: cash balance of $183M Scheduled 2019 debt payments over $100M • $77M principal term loan + quarterly interest • $26M interest on notes Flexibility to prepay term loan at any time • Prepaid$50M of term loan in Q2 2019 • Prepaid $50M
Slide 8: 2020 Key Priorities
2020 Key Priorities Focused on growing and maximizing our core business while also making strategic investments for future growth Coaching: Amplifying the Power of Community Wellness Ecosystem: Deepening the App Experience and Gamification Consumer Products: eCommerce Growth and Product Expansion He
Slide 9: Appendix
Appendix 9
Slide 10: Non-GAAP Reconciliation Revenues – Constant Currency
Non-GAAP Reconciliation Revenues – Constant Currency (in thousands) Consolidated Company Revenues Full year 2019 Full year 2018 Full Year 2019 Variance GAAP Currency Adjustment Constant Currency GAAP 2019 vs 2018 2019 Constant Currency vs 2018 $1,413,337 $25,754 $1,439,091 $1,514,121 (6.7%) (5.0%) 1
Slide 11: Wellness that Works.
Wellness that Works.
Slide 12: FY 2019 Earnings Overview
FY 2019 earnings Overview 4.2M TOTAL REVENUES $1.4B OPERATING INCOME $288M TOTAL END OF PERIOD SUBSCRIBERS TOTAL REVENUES OPERATING INCOME “2020 is off to a terrific start. The global launch of the new myWW program is resonating in every market, the WW Presents: Oprah’s 2020 Vision tour in the U.S.