Ww International, Inc. · NASDAQ:WW
Ww International — Q4 2024 Earnings Presentation
17 slides from Ww International's earnings presentation, Feb 27, 2025
Slide 1: Supplemental Investor Materials
Supplemental Investor Materials February 27, 2025
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 of 1934, as amended, including, in particular, any statements about the Company’s plans, str
Slide 3: WeightWatchers is proven to work and advancing with the science
WeightWatchers is proven to work and advancing with the science #1 #1 Best Weight-Loss 2x more effective for weight loss than do-it-yourself.33 2x more effective for weight loss than physician counseling.4 3.5x Diet—again! (that makes 15 years in a row) more effective for weight loss than reliance R
Slide 4: Q4 2024 Summary
Q4 2024 SUMMARY Adjusted Adjusted End of Period Subscription Adjusted Paid Weeks Revenues Gross Operating Subscribers Revenues EBITDAS(1) Margin(1) Income(1) 3.3 million $36.9 million $50.4 million -12.2% YoY 45.5 million $184.4 million $181.7 million 69.1% 20.0% of Revenues 27.4% of Revenues Up 771
Slide 5: 2024 Summary
2024 SUMMARY Adjusted Adjusted End of Period Subscription Adjusted Paid Weeks Revenues Gross Operating Subscribers Revenues EBITDAS(1) Margin(1) Income(1) 3.3 million $149.3 million -12.2% YoY 196.6 million $785.9 million $777.0 million 68.5% $104.8 million 19.0% of Revenues Up 659 basis 13.3% of Re
Slide 6: Product Updates
Product Updates
Slide 7: Next-Gen Program With AI-Powered App Features
Next-Gen Program With AI-Powered App Features Innovative features that make weight management easier, more personalized, and sustainable ● AI Food Scanner, Recipe Analyzer, Macronutrients, and 150+ new ZeroPoint Foods ● Approaching 2 million meals tracked using the AI food scanner, almost a million
Slide 8: Registered Dietitian Offering
Registered Dietitian Offering 1:1 visits with a Registered Dietitian now available to US members ● Uptake has been positive, requiring us to scale our registered dietitians faster than expected to keep up with demand ● Insurance-covered and cash-pay options. Approximately half our current members ha
Slide 9: Financial Detail
Financial Detail
Slide 10: Income Statement Impact of Non-GAAP Adjustments
Income Statement Impact of Non-GAAP Adjustments The schedule below shows the income statement impact of adjustments made to Gross Profit, Gross Margin, Operating Income, Income Before Tax, (Benefit From) Income Taxes, Net Income, and Diluted Earnings Per Share. ($ in thousands, except percentages an
Slide 11: Adjusted Operating Income to Adjusted EBITDAS
Adjusted Operating Income to Adjusted EBITDAS (in thousands) 11
Slide 12: Net Income (Loss) to Adjusted EBITDAS Non-GAAP Reconciliation
Net Income (Loss) to Adjusted EBITDAS Non-GAAP Reconciliation (in thousands, except percentages) 12
Slide 13: Income Statement Non-GAAP Reconciliation
Income Statement Non-GAAP Reconciliation Q4 2024 Gross Profit, Gross Margin, Selling, General and Administrative Expenses, Operating Income (Loss), Operating Income (Loss) Margin, (Benefit From) Provision for Income Taxes, Net Income (Loss), Net Income (Loss) Margin, and Diluted Earnings (Net Loss)
Slide 14: Income Statement Non-GAAP Reconciliation - Footnotes
Income Statement Non-GAAP Reconciliation - Footnotes Q4 2024 Gross Profit, Gross Margin, Selling, General and Administrative Expenses, Operating Income (Loss), Operating Income (Loss) Margin, (Benefit From) Provision for Income Taxes, Net Income (Loss), Net Income (Loss) Margin, and Diluted Earnings
Slide 15: Income Statement Non-GAAP Reconciliation - Footnotes
Income Statement Non-GAAP Reconciliation- Footnotes 2024 Gross Profit, Gross Margin, Selling, General and Administrative Expenses, Operating (Loss) Income, Operating (Loss) Income Margin, Provision for Income Taxes, Net Loss, Net Loss Margin, and Diluted Net Loss Per Share (in thousands, except perc
Slide 16: Income Statement Non-GAAP Reconciliation - Footnotes
Income Statement Non-GAAP Reconciliation- Footnotes 2024 Gross Profit, Gross Margin, Selling, General and Administrative Expenses, Operating (Loss) Income, Operating (Loss) Income Margin, Provision for Income Taxes, Net Loss, Net Loss Margin, and Diluted Net Loss Per Share 16
Slide 17: Flexible, covenant-lite debt structure
CAPITAL STRUCTURE Flexible, covenant-lite debt structure $945M Outstanding on Term Loan1 - Due April 2028 Variable Interest Rate: 1 month Term SOFR + Credit Spread Adjustment of 11.448 bps (50 bps floor) +350 bps1 Covenant-lite structure; first-lien, secured term loan; flexibility to prepay term loa