Ww International, Inc. · NASDAQ:WW
Ww International — Q3 2023 Earnings Presentation
7 slides from Ww International's earnings presentation, Nov 2, 2023
Slide 1: Investor Supplemental Material Q3 2023 Earnings
Investor Supplemental Material Q3 2023 Earnings November 2, 2023
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 guidance and any statements about the Com
Slide 3: Q3 2023 Financial Summary
Q3 2023 Financial Summary Q3 End of Period Subscribers Growth Year-Over-Year; Record Gross Margin Revenue: $214.9 million 3.3M Digital Down 14.0%, or 15.3% on a constant currency basis, year-over-year(1) Gross Margin: 66.0% 4.0M End of Period Adjusted gross margin 66.2%(1) Subscribers Up 6.0% year-o
Slide 4: Historical Subscriber Seasonality
Historical Subscriber Seasonality End of Period Digital Subscribers End of Period Workshops + Digital Subscribers “We have successfully returned WeightWatchers to subscriber growth, with Q3 end of period subscribers up 6% year-over-year to 4.0 million. This is a significant achievement and a direct
Slide 5: Capital Structure
Capital Structure Cash Balance of $107.5M As of September 30, 2023 Variable Interest Rate2: 1 month Term SOFR + Credit Spread Adjustment of 11.448 bps (50 bps floor) +350 bps1 Due April 2028 April 2021 refinancing Covenant-lite structure; flexibility to prepay term loan ✔ Extended maturity of term l
Slide 6: Appendix
Appendix
Slide 7: Non-GAAP Reconciliation
Non-GAAP Reconciliation Q3 3023 Revenues - Constant Currency (in thousands, except percentages) Q3 2023 Gross Profit, Selling, General and Administrative Expenses, and Operating Income (Loss) (in thousands, except percentages)