Alcon Inc. (ALC) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 16, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Greetings. And welcome to the Alcon Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]

As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Dan Cravens, Vice President and Global Head of Investor Relations for Alcon. Thank you. You may begin.

Dan Cravens

Thanks. And welcome to Alcon’s third quarter 2022 earnings conference call. Yesterday, we issued a press release and interim financial report and posted a supplemental slide presentation on our website to enhance today’s call. You can find all these documents in the Investor Relations section of our website at investor.alcon.com.

Joining me on today’s call are David Endicott, our Chief Executive Officer; and Tim Stonesifer, our Chief Financial Officer.

Our press release, presentation and discussion will include forward-looking statements. We expressly disclaim any obligation to update forward-looking statements as a result of new information or future developments, except as required by law. Our actual results may vary materially from those expressed or implied in our forward-looking statements.

Accordingly, you should not place undue reliance on any forward-looking statements. Important factors that could cause our actual results to differ from those in our forward-looking statements are included in Alcon’s Form 20-F and our earnings press release and interim financial report on file with the Securities and Exchange Commission and available on the SEC’s website at sec.gov.

Non-IFRS financial measures used by the company may be calculated differently from, and therefore, may not be comparable to these similarly titled measures used in other companies. These non-IFRS measures should be considered along with, but not as alternatives to, the operating performance measures as prescribed by IFRS.

Please see a reconciliation between our non-IFRS measures with directly comparable measures presented in accordance with IFRS in our public filings. For discussion purposes only, our comments on growth are expressed in constant currency.

With that, I will now turn the call over to our CEO, David Endicott.

David Endicott

Thanks, Dan. Welcome to Alcon’s third quarter 2022 earnings call. Today, I will begin by giving a brief update on our third quarter results, our overall market dynamics and recent performance. After my remarks, Tim will discuss our third quarter performance and our outlook for the remainder of the year and then I will wrap it up with some closing remarks, and we will open it up for Q&A.