Ww International, Inc. · NASDAQ:WW
Ww International — Q4 2022 Earnings Presentation
8 slides from Ww International's earnings presentation, Mar 6, 2023
Slide 1: Fourth Quarter And Full Year 2022 Results
Fourth Quarter And Full Year 2022 Results March 6, 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, revenue and operating loss guidance and any s
Slide 3: Full Year 2022 Financial Summary
Full Year 2022 Financial Summary Revenue: $1,040.9 million Down 14.2%, or 11.0% on constant currency basis1, year-over-year 3.5M Gross Margin: 59.8% End of Period Adjusted gross margin: 60.5%1 Subscribers Down 14.9% Operating Loss: $283.0 million year-over-year Adjusted operating income: $153.5 mill
Slide 4: Historical Subscriber Seasonality
Historical Subscriber Seasonality (in Millions) End of Period Digital Subscribers -12% -16% End of Period Workshops + Digital Subscribers -14% -8% -22% -10% -14% -18% Note: Former Digital 360 members were transitioned from the Digital business to the Workshops + Digital business during Q2 2022 and Q
Slide 5: Capital Structure
Capital Structure Strong liquidity position Flexible, covenant-lite debt structure 69% Fixed Rate Debt / 31% Variable Rate Debt Exposure1* Cash Balance of $178.3M $945M outstanding on term loan1* As of December 31, 2022 Variable Interest Rate: LIBOR (50 bps floor) +350 bps Due April 2028 Covenant-li
Slide 6: Appendix
—— Appendix —_
Slide 7: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year 2022 Revenues - Constant Currency (in thousands, except percentages) 7
Slide 8: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year 2022 Gross Profit, Selling, General and Administrative Expenses, and Operating (Loss) Income (in thousands, except percentages) 8