Q2 2020 Results August 4, 2020 Wellness that Works." 1 2 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 statements about the Company's plans, strategies and prospects and the impact of the COVID-19 virus. The Company generally uses the words "may," "will," "could," "expect," "anticipate," "believe," ...

Financial Data and Key Metrics Changes - The company ended Q2 with 5 million subscribers, a 9% year-over-year increase, and a record level for the end of Q2 [12] - Total revenues were $334 million, down 9% year-over-year on a constant currency basis, primarily due to a shift towards higher-margin digital subscriptions [14][32] - Adjusted gross margin was 60%, up nearly 200 basis points year-over-year, marking the highest adjusted gross margin in the past eight years [14][32] - Adjusted operating income margin was 28%, flat year-over-year, demonstrating resilience in the business model [15][32] - GAAP EPS was $0.20, negatively impacted by one-time charges totaling $0.47, while adjusted EPS would have been $0.67 compared to $0.78 in the prior year [33][34] Business Line Data and Key Metrics Changes - Digital revenues increased by 50% on a constant currency basis, while studio fees and product sales declined due to COVID-related closures [14] - Digital subscribers reached 3.9 million, a 23% year-over-year increase, with approximately 80% of members being digital-only [13] - The company is strategically repositioning its studio business to have a smaller footprint, having permanently closed over 100 branded studios [37][40] Market Data and Key Metrics Changes - The demographic of new members shifted, with 51% of new members in Q2 being under the age of 45, indicating a younger audience [13][85] - The company reported strong engagement trends across all verticals, driven by personalized offerings and community-focused initiatives [86] Company Strategy and Development Direction - The company is focused on a digital-first strategy, enhancing its technology and content offerings to drive engagement and retention [10][21] - Plans include launching a new premium experience targeting millennials, which will be a separate vertical from existing offerings [73] - The company aims to expand its e-commerce presence, with Q2 e-commerce sales up 300% year-over-year [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the digital transformation and its ability to drive long-term growth, despite macro uncertainties [43] - The company anticipates Q3 revenue trends to mirror Q2, with strong digital growth offsetting declines in studio revenues [44] - Management emphasized the importance of community and human connection in delivering wellness solutions [68][69] Other Important Information - The company has made diversity and inclusion a priority, committing $1 million to related initiatives and appointing a Head of Inclusive Leadership [50][51] - The company is exploring potential tuck-in acquisitions to enhance its technology capabilities [48] Q&A Session Summary Question: Is the premium experience targeting millennials aligned with the virtual coaching model? - Management clarified that it is a separate vertical aimed at attracting a new audience while providing more engagement and community [73] Question: How should we think about the normal seasonality of the business? - Management noted that Q2 subscriber levels were at an all-time high, indicating a positive trend that may defy historical seasonal patterns [75] Question: What is the long-term vision for branded studio locations and potential savings? - Management indicated a flexible real estate strategy, with a focus on branded studios and a commitment to achieving $100 million in cost savings [80] Question: Can you provide insights on the characteristics of recent subscribers? - Management reported a diversification in the audience, with increased engagement across all verticals, particularly among younger demographics [85][86] Question: How has the pricing strategy evolved in the first half of the year? - Management stated that the pricing and promotions strategy has remained stable, with successful initiatives like the two-week free trial driving new member sign-ups [90][91]

Financial Data and Key Metrics Changes - Q1 revenue was $400 million, up 11% year-over-year on a constant currency basis, with a net loss of $0.09 per share, impacted by a one-time goodwill impairment charge [40][41] - Subscriber count reached 5 million, a 9% increase year-over-year, although below the anticipated mid-teens growth rate [17][43] - Adjusted operating income for Q1 was $29 million, driven by strong subscriber growth and effective cost management [18][40] Business Line Data and Key Metrics Changes - Digital subscribers increased by 16%, while studio subscribers decreased by 5%, reflecting a shift in member engagement towards digital platforms [43] - The company transitioned to virtual workshops, which received a 97% satisfaction rating from members, indicating strong engagement with the new format [22][24] Market Data and Key Metrics Changes - The global launch of the myWW program and the WW Presents: Oprah's 2020 Vision tour generated significant media impressions, enhancing brand visibility [16] - Member recruitment trends were strong until mid-March, after which they turned negative due to COVID-19, impacting both digital and studio signups [42] Company Strategy and Development Direction - The company is focusing on a digital-first strategy, reducing its physical studio footprint while enhancing virtual offerings [24][48] - Plans to launch a new digitally enabled, community-focused coaching vertical later in the year, aimed at improving member recruitment and retention [59] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to adapt to the changing environment, emphasizing the importance of community and wellness as essential needs [75][112] - The company is prepared for a range of scenarios regarding economic recovery and consumer behavior, indicating a cautious approach to future planning [114] Other Important Information - A $100 million cost savings initiative is being implemented, with reductions in marketing, G&A, and cost of services to maintain financial flexibility [49][50] - The company has drawn down $148 million on its revolver as a precautionary measure, ending Q1 with a cash position of $292 million [53][54] Q&A Session Summary Question: Insights on digital recruitment trends - Management noted that digital recruitment has turned positive recently, with new members showing a heightened sense of urgency to improve their health [81][82] Question: Clarification on cost savings - The $100 million cost savings plan includes temporary and permanent reductions, with a focus on G&A, marketing, and operating expenses [88][90] Question: Impact of studio closures on retention - Retention rates have remained stable at 10 months, with no significant increase in cancellation rates despite studio closures [122] Question: Trends in subscriber growth - The recent uptick in digital membership is attributed to effective messaging and content adjustments made in response to the crisis [126][127]

Q1 2020 Results April 28, 2020 Wellness that Works." 1 2 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 earnings guidance and any statements about the Company's plans, strategies and prospects and the impact of the COVID-19 virus. The Company generally uses the words "may," "will," "could," ...

WW International, Inc. (NASDAQ:WW) Q4 2019 Earnings Conference Call February 25, 2020 5:00 PM ET Company Participants Corey Kinger - IR Mindy Grossman - President and CEO Nick Hotchkin - CFO, Operating Officer-North America and President, Emerging Markets Conference Call Participants Olivia Tong - Bank of America Jason English - Goldman Sachs Kara Anderson - B. Riley FBR Brian Nagel - Oppenheimer Alex Fuhrman - Craig-Hallum Capital Group Lauren Cassel - Morgan Stanley Linda Bolton Weiser - DA Davidson RJ Ha ...

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 28, 2019 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 001-16769 WW INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Virginia 11-6040273 (State or other jurisdiction of incorpor ...

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 29, 2018. 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 001-16769 WEIGHT WATCHERS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Virginia 11-6040273 (State or other jurisdic ...