Beauty Health Co at Raymond James Consumer Conference (Virtual) Transcript

Sep 14, 2021 / 05:00PM GMT
Olivia Tong Cheang - Raymond James & Associates, Inc., Research Division - Research Analyst

Good afternoon, everyone. Thank you for joining us. I'm Olivia Tong, Raymond James' Consumer Analyst covering Beauty, Personal Care and Household Products. Thank you all for being part of our consumer conference.

Presenting next for us is The Beauty Health Company, which has a very opposed ticker S-K-I-N, SKIN. They're a maker and marketer of HydraFacial, which in 30 minutes, cleanses, extracts and hydrates your face. Three steps, 30 minutes to the best skin of your life. What a great tagline.

The business is well balanced between systems, which accounted for 53% of company sales in first half '21 and 47% in consumables, mimicking a razor-razorblade model. First half '21 sales were up 48% versus the 2019 base, $214 million.

We're pleased to have with us Clint Carnell, CEO; and CFO, Liyuan Woo. Clint has been with -- the CEO for close to 5 years, and Liyuan is celebrating her first year with the company.

Clint and Liyuan are going to provide an overview of the company first,

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