Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-40860 Olaplex Holdings, Inc. (Exac ...

Olaplex Holdings, Inc. (NASDAQ:OLPX) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Allison Malkin - ICR JuE Wong - CEO Eric Tiziani - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Andrea Teixeira - JPMorgan Lauren Lieberman - Barclays Jason English - Goldman Sachs Korinne Wolfmeyer - Piper Sandler Operator Good day, and thank you for standing by. Welcome to the Olaplex Incorporated Second Quarter Earnings Conference Call. At this time, all participants ar ...

INSPIRED BY SALONS. PROVEN BY SCIENCE. POWERED BY PASSION. Q2 2022 EARNINGS DISCLAIMER 2 General Disclaimer This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of Olaplex Holdings, Inc. (the "Company"), nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward Looking State ...

Financial Performance - Net sales for the three months ended June 30, 2022, were $210.9 million, a 38.6% increase from $152.1 million in the same period of 2021[22] - Gross profit for the six months ended June 30, 2022, was $297.6 million, compared to $214.1 million for the same period in 2021, reflecting a 38.9% increase[22] - Operating income for the three months ended June 30, 2022, was $120.0 million, up 57.0% from $76.6 million in the prior year[22] - Net income for the six months ended June 30, 2022, was $149.7 million, compared to $94.9 million for the same period in 2021, representing a 57.7% increase[22] - The company reported a basic net income per share of $0.14 for the three months ended June 30, 2022, compared to $0.08 for the same period in 2021[22] - The Company reported a net income of $87.7 million for the three months ended June 30, 2022, compared to $49.4 million for the same period in 2021, representing a 77.5% increase[71] - For the six months ended June 30, 2022, net income was $149.7 million, up from $94.9 million in the same period of 2021, reflecting a 57.7% increase[71] - The basic net income per share for the three months ended June 30, 2022, was $0.14, compared to $0.08 for the same period in 2021, a 75% increase[71] Cash and Assets - Cash and cash equivalents increased to $198.0 million as of June 30, 2022, from $186.4 million at the end of 2021[18] - Total current assets rose to $425.5 million as of June 30, 2022, compared to $335.2 million at the end of 2021, marking a 27.0% increase[18] - Cash and cash equivalents at the end of the period were $198,028,000, up from $76,430,000 at the end of the same period in 2021, indicating a significant increase in liquidity[27] - Net cash provided by operating activities for the six months ended June 30, 2022, was $128,053,000, compared to $74,953,000 for the same period in 2021, reflecting a 71% increase[27] - Total equity increased from $524,298,000 on December 31, 2021, to $679,197,000 on June 30, 2022, marking a growth of approximately 30%[27] Liabilities and Debt - Total liabilities decreased to $952.5 million as of June 30, 2022, from $1,036.1 million at the end of 2021[18] - Long-term debt as of June 30, 2022, was $656.99 million, down from $738.09 million as of December 31, 2021[61] - The Company had $673 million of outstanding variable rate loans under the 2022 Term Loan Facility as of June 30, 2022, with a potential interest cost fluctuation of approximately $6.7 million for a 1% change in interest rates[133] - Interest expense for the six months ended June 30, 2022, was $20.15 million, compared to $31.07 million for the same period in 2021[63] - As of June 30, 2022, the carrying amount of the Company's long-term debt was $663.7 million, with a fair value of $634.6 million[65] Inventory and Expenses - The company’s inventory increased to $140.3 million as of June 30, 2022, from $98.4 million at the end of 2021, reflecting a 42.5% increase[18] - The Company reported an inventory write-off and disposal of $4,324,000 for the six months ended June 30, 2022[27] - Share-based compensation expense for the six months ended June 30, 2022, was $3,423,000, compared to $1,174,000 for the same period in 2021, indicating a significant increase in compensation costs[27] Sales Channels - Professional channel sales reached $105.5 million for the three months ended June 30, 2022, up 32.7% from $79.5 million in the prior year[48] - Direct-to-consumer (DTC) sales increased to $41.2 million for the three months ended June 30, 2022, representing a 19.3% growth compared to $34.5 million in 2021[48] - U.K. net sales represented 8% of total net sales for the three months ended June 30, 2022, down from 11% in the same period of 2021[48] Corporate Developments - The company completed a series of Reorganization Transactions prior to the IPO, resulting in the exchange of all outstanding units of Penelope Group Holdings for 648,124,642 shares of common stock of Olaplex Holdings[32] - The company has entered into a Tax Receivable Agreement, requiring it to pay 85% of cash savings from tax attributes to former limited partners of Penelope Group Holdings[42] - Olaplex Holdings was incorporated on June 8, 2021, to facilitate an initial public offering and related transactions, operating through its subsidiaries, including Olaplex, Inc.[28] Accounting Standards - The Company adopted ASU 2020-04 on January 1, 2022, which did not have a material impact on its Consolidated Financial Statements[45] - The Company is evaluating the impact of ASU 2016-13, effective for fiscal years beginning after December 15, 2022, on its financial statements[46] Market Risks - The Company is exposed to market risks including interest rate fluctuations, which may impact future earnings and cash flows[132]

Olaplex Holdings, Inc. (NASDAQ:OLPX) Q1 2022 Earnings Conference Call May 11, 2022 9:00 AM ET Company Participants Allison Malkin - ICR JuE Wong - Chief Executive Officer Eric Tiziani - Chief Financial Officer Conference Call Participants Korinne Wolfmeyer - Piper Sandler Jonna Kim - Cowen Drew Levine - JPMorgan Olivia Tong - Raymond James Operator Good morning and welcome to Olaplex Inc.'s First Quarter Earnings Conference Call. My name is Brandon and I'll be your operator for today. At this time, all part ...

INSPIRED BY SALONS. PROVEN BY SCIENCE. POWERED BY PASSION. Q1 2022 EARNINGS DISCLAIMER 2 General Disclaimer This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of Olaplex Holdings, Inc. (the "Company"), nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward Looking State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Olaplex Holdings, Inc. Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-40860 (Exact na ...

Financial Data and Key Metrics Changes - In Q4 2021, net sales increased by 79% to $166.5 million, with U.S. sales growing by 95% and international sales by 61% [35] - For the fiscal year 2021, total net sales rose by 112% to $598.4 million, with U.S. sales growing by 131% and international sales by 91% [43] - Adjusted EBITDA for Q4 2021 grew by 68.2% to $110.7 million, with an adjusted EBITDA margin of 66.5% [41] - Net income for Q4 2021 increased by 108% to $69.3 million, with adjusted net income rising to $71.4 million, representing a 55% growth year-over-year [42] Business Line Data and Key Metrics Changes - Specialty retail sales led growth with a 332% increase to $59.6 million, driven by strong momentum in existing distribution and new partnerships [36] - Direct-to-consumer sales rose by 85% to $49.7 million, supported by increased digital marketing and expansion into new markets [37] - Professional sales grew by 9% to $57.1 million, with expectations for continued strong growth in Q1 2022 [39] Market Data and Key Metrics Changes - Olaplex gained 500 basis points of market share in the prestige haircare category in the U.S. during 2021 [13] - The prestige haircare market in the U.S. grew by 47% in 2021, indicating a robust market environment [13] - International sales accounted for over 40% of total sales in 2021, with a 91% growth compared to 2020 [25] Company Strategy and Development Direction - The company aims to leverage its patent-protected technology to meet consumer needs and expand its product offerings [11] - Plans for 2022 include launching two to three new products and expanding distribution channels globally [27][30] - The focus remains on increasing brand loyalty and affinity through enhanced marketing and community engagement [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the prestige haircare category despite potential macroeconomic challenges [71] - The company expects another strong year of growth in 2022, with guidance reflecting broad-based growth across all channels [50] - Management highlighted the importance of addressing misinformation regarding product safety and maintaining consumer trust [60] Other Important Information - The company completed its initial public offering in September 2021, which has positioned it for future growth opportunities [31] - Sustainability efforts include reducing carbon footprint and promoting diversity within the organization [16] Q&A Session Summary Question: What is the expected contribution from the Ulta rollout? - Management reported that Olaplex is the number one brand at Ulta for haircare, with 25% of services using Olaplex products, indicating strong performance and minimal cannibalization of existing sales [66] Question: How does the company view potential impacts from weaker consumer spending? - Management noted that there has been no direct impact from the Russia-Ukraine situation, and the prestige haircare category has shown resilience during crises [71] Question: Can you elaborate on the sales growth breakdown for 2022? - Management indicated that growth would come from core products, innovation, and new distribution, with no major innovations outside haircare planned for the year [75][78] Question: What is the strategy for the Chinese market? - The company is focusing on e-commerce platforms like TIMO for market entry, while monitoring opportunities for salon distribution [84] Question: How is the company addressing advertising and marketing strategies? - Management emphasized a data-driven approach to marketing, focusing on recommendations from stylists and leveraging social media for engagement [94]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-40860 Olaplex Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 87-1242679 (Stat ...

Olaplex Holdings, Inc. (NASDAQ:OLPX) Q3 2021 Earnings Conference Call November 10, 2021 9:00 AM ET Company Representatives JuE Wong - Chief Executive Officer Eric Tiziani - Chief Financial Officer Allison Malkin - ICR Conference Call Participants Erinn Murphy - Piper Sandler Dara Mohsenian - Morgan Stanley Jason English - Goldman Sachs Olivia Tong - Raymond James Stephanie Wissink - Jefferies Lauren Lieberman - Barclays John Kapoor - Bank of America Jonna Kim - Cowen Dana Telsey - Telsey Advisory Group Rob ...