Ww International, Inc. · NASDAQ:WW
Ww International — Q2 2023 Earnings Presentation
7 slides from Ww International's earnings presentation, Aug 3, 2023
Slide 1: Investor Supplemental Material Q2 2023 Earnings
Investor Supplemental Material Q2 2023 Earnings August 3, 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: Q2 2023 Financial Summary
Q2 2023 Financial Summary Q2 End of Period Subscribers Above Q1 Revenue: $226.8 million 3.3M Digital Down 15.8%, on both reported and constant currency basis, year-over-year(1) Gross Margin: 63.1% 4.1M End of Period Adjusted gross margin 63.4%(1) Subscribers Up 1.6% quarter-over-quarter Down 4.3% ye
Slide 4: Historical Subscriber Seasonality
Historical Subscriber Seasonality End of Period Digital Subscribers End of Period Workshops + Digital Subscribers “Our second quarter results give me further confidence that we are on the right trajectory,” said Sima Sistani, the Companyʼs CEO. “Sign ups for our WeightWatchers® business, excluding C
Slide 5: Capital Structure
Capital Structure Cash Balance of $91.4M As of July 1, 2023 Variable Interest Rate2: 1 month Term SOFR + Credit Spread Adjustment of 11.448 bps (50 bps floor) +350 bps Due April 2028 April 2021 refinancing Covenant-lite structure; flexibility to prepay term loan ✔ Extended maturity of term loan to A
Slide 6: Appendix
Appendix
Slide 7: Non-GAAP Reconciliation
Non-GAAP Reconciliation Q2 2023 Revenues - Constant Currency (in thousands, except percentages) Q2 2023 Gross Profit, Selling, General and Administrative Expenses, and Operating Income (in thousands, except percentages)