Indivior Pharmaceuticals, Inc. · NASDAQ:INDV
Indivior Pharmaceuticals — Investor Presentation (January 2025)
23 slides from Indivior Pharmaceuticals's investor presentation, Jan 9, 2025
Slide 1: Investor Education Presentation: IFRS to US GAAP Conversion
Investor Education Presentation: IFRS to US GAAP Conversion January 9, 2025
Slide 2: Overview
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Overview • This presentation only contains historical financial information converted from IFRS to US GAAP. This presentation is being published for informational purposes only and is intended to assist investors with their understanding of the changes th
Slide 3: Strategic Rationale for Moving to US GAAP Reporting
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Strategic Rationale for Moving to US GAAP Reporting • Next logical step in the US primary listing journey after receiving 97% shareholder approval to effectuate a US primary listing • US GAAP financial reporting aligns closer to US peers, facilitating bro
Slide 4: IFRS & US GAAP Reporting Timing
IFRS & US GAAP Reporting Timing
Slide 5: IFRS & US GAAP Reporting for FY 2024 & FY 2025
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 IFRS & US GAAP Reporting for FY 2024 & FY 2025 Report Reported Period(s) IFRS US GAAP 2024 Results Q4 and FY 2024 (1) (February 2025) UK Statutory Annual Report FY 2024 SEC Form 10-K FY 2024 (2) Quarterly GAAP Results Q1 to Q4 2025 SEC For
Slide 6: IFRS & US GAAP Differences
IFRS & US GAAP Differences S/6INDIVIOR
Slide 7: Indivior US GAAP Financial Statements: Key Differences
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Indivior US GAAP Financial Statements: Key Differences US GAAP Reported Income Statement • Acquired in-process research and development expensed and presented separately on face of reported income statement • Revenue or cost categories exceeding 10% of to
Slide 8: FY 2022 Income Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 FY 2022 Income Statement: IFRS to US GAAP Bridge FY 2022 ($ millions, except per share data) US GAAP Adjustments US GAAP Note: Change Reclassification IFRS Caption IFRS Total US GAAP Caption Total Net revenue $ 901 - - Net revenue $ 901 • US GAAP gross pr
Slide 9: FY 2023 Income Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 FY 2023 Income Statement: IFRS to US GAAP Bridge FY 2023 ($ millions, except per share data) US GAAP Adjustments US GAAP Note: IFRS Caption IFRS Total Change Reclassification US GAAP Caption Total Net revenue $ 1,093 - - Net revenue $ 1,093 • US GAAP acco
Slide 10: Q1 2024 Income Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Q1 2024 Income Statement: IFRS to US GAAP Bridge Q1 2024 ($ millions, except per share data) US GAAP Adjustments US GAAP Note: IFRS Caption IFRS Total Change Reclassification US GAAP Caption Total • US GAAP gross profit not Net revenue $ 284 - - Net reven
Slide 11: Q2 2024 Income Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Q2 2024 Income Statement: IFRS to US GAAP Bridge Q2 2024 ($ millions, except per share data) US GAAP Adjustments US GAAP IFRS Caption IFRS Total Change Reclassification US GAAP Caption Total Net revenue $ 299 - - Net revenue $ 299 Cost of sales (93) 13 -
Slide 12: Q3 2024 Income Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Q3 2024 Income Statement: IFRS to US GAAP Bridge Q3 2024 ($ millions, except per share data) US GAAP Adjustments US GAAP IFRS Caption IFRS Total Change Reclassification US GAAP Caption Total Net revenue $ 307 - - Net revenue $ 307 Note: Cost of sales (69)
Slide 13: FY 2022 Balance Sheet: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 FY 2022 Balance Sheet: IFRS to US GAAP Bridge YE 2022 ($ millions) US GAAP Adjustments US GAAP IFRS Caption IFRS Total Change Reclassification US GAAP Caption Total Note: Intangible assets 70 (65) - Intangible assets, net 5 Property, plant and equipment 5
Slide 14: FY 2023 Balance Sheet: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 FY 2023 Balance Sheet: IFRS to US GAAP Bridge YE 2023 ($ millions) US GAAP Adjustments US GAAP IFRS Caption IFRS Total Change Reclassification US GAAP Caption Total Note: Intangible assets 237 (225) - Intangible assets, net 12 • US GAAP balance sheet will
Slide 15: Q3 2024 Balance Sheet: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Q3 2024 Balance Sheet: IFRS to US GAAP Bridge September 30, 2024 ($ millions) US GAAP Adjustments US GAAP IFRS Caption IFRS Total Change Reclassification US GAAP Caption Total Note: Intangible assets 190 (183) - Intangible assets, net 7 • US GAAP balance
Slide 16: 2022 Cash Flow Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 2022 Cash Flow Statement: IFRS to US GAAP Bridge Note: • No change in net cash or cash equivalents between IFRS and US GAAP • Classification differences due to difference in lease accounting and equity compensation • Cash and cash equivalents at the end o
Slide 17: 2023 Cash Flow Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 2023 Cash Flow Statement: IFRS to US GAAP Bridge Note: • No change in net cash or cash equivalents between IFRS and US GAAP • Classification differences due to difference in lease accounting and equity compensation • Cash and cash equivalents at the end o
Slide 18: YTD 2024 Cash Flow Statement: IFRS to US GAAP Bridge
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 YTD 2024 Cash Flow Statement: IFRS to US GAAP Bridge Note: • No change in net cash or cash equivalents between IFRS and US GAAP • Classification differences due to difference in lease accounting and equity compensation • Cash and cash equivalents at the e
Slide 19: US GAAP 2024 Quarterly & YTD Income Statements
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 US GAAP 2024 Quarterly & YTD Income Statements Three quarters ended Sept 30, 2024 ($ millions) US GAAP Caption Q1 2024 Q2 2024 Q3 2024 YTD 2024 Net revenue 284 299 307 889 Cost of sales (38) (79) (67) (184) Gross profit 246 220 240 705 Selling, general &
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Slide 21: IFRS & US GAAP Detailed Differences
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 IFRS & US GAAP Detailed Differences Limited number of differences – impact listed below in expected order of magnitude Area US GAAP Description Primary US GAAP Financial Statement Impact Intangible Assets Acquired in-process R&D (IPR&D) and internal devel
Slide 22: Historical EPS Share Information
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Historical EPS Share Information Weighted average shares by quarter (In 000's) Basic Diluted* Q3 2024 132,103 133,552 Note: • On July 25, 2024, Indivior announced a new non-discretionary $100m share Q2 2024 134,848 137,290 repurchase program that commence
Slide 23: Contacts
IFRS TO US GAAP CONVERSION | JANUARY 9, 2025 Contacts Jason Thompson Vice President, Investor Relations E-mail: jason.thompson@indivior.com Tim Owens Director, Investor Relations E-mail: timothy.owens@indivior.com 23