Ww International, Inc. · NASDAQ:WW
Ww International — Q1 2023 Earnings Presentation
7 slides from Ww International's earnings presentation, May 4, 2023
Slide 1: Investor Supplemental Material Q1 2023 Earnings
© WeightWatchers Investor Supplemental Material Q1 2023 Earnings May 4, 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 Co
Slide 3: Q1 2023 Financial Summary
Q1 2023 Financial Summary Results ahead of previously provided guidance 3.3M Digital 4.0M End of Period Subscribers Down 11.5% year-over-year 0.8M Workshops + Digital Qprrerten Revenue: $241.9 million Down 18.8%, or 17.1% on constant currency basis?, year-over-year Gross Margin: 49.4% Adjusted gross
Slide 4: Historical Subscriber Seasonality
Historical Subscriber Seasonality Bi vrais [Bl £04 of Period Workshops + Digital Subscribers “Our progress so far in 2023, including our acquisition of Sequence, further increases my confidence that we will return to - ; a growth trajectory. We expect to end 2023 with total subscribers approaching 3
Slide 5: Capital Structure
Capital Structure Flexible, covenant-lite debt structure Strong liquidity position 69% Fixed Rate Debt / 31% Variable Rate Debt Exposure” Cash balance of $140.8M as of April 1, 2023 $945M outstanding on term loan" Variable Interest Rate: LIBOR (50 bps floor) +350 bps a . Due Avril 2028 April 2021 Re
Slide 6: Appendix
Appendix
Slide 7: Non-GAAP Reconciliation
Non-GAAP Reconciliation Q12023 Revenues - Constant Currency (in thousands, except percentages) Q1 2023 Variance 2023 Constant Q1 2023 QU 2022 2023 ‘Currency, Currency Constant ws s GAAP Adjustment Currency Gaar 2022 2022 Consolidated Company Revenues $ 241,895 $ 4,867 $ 246,762 $ 297,761 (18.8%) (17