European Wax Center, Inc. (EWCZ)

Virtual Small Group Meeting

Thursday March 23, 2023

Please indicate your INTEREST in participating in a Virtual Small Group Meeting with:

MANAGEMENT:

  • David Willis, Chief Financial Officer & COO

TIME:

12:00PM ET

ABOUT EUROPEAN WAX CENTER, INC.:

  • Large, attractive, growing addressable market. The US hair removal market is estimated at $18 billion with an estimated CAGR of 3% from 2015-2019. However, the out-of-home market where EWC is positioned (and which makes up 35% of the total market) grew more than twice as fast over the same time period at a CAGR of 8%.
  • Scale brings benefits but the industry remains highly fragmented. EWCZ’s strong competitive advantage rests in its scale, which allows for a clean, convenient, easy-to-use waxing experience. While the company has only a mid-single digit market share currently, it is approximately six times larger than its closest out-of-home waxing-focused competitor by center count and ten times larger by system-wide sales. The market remains highly fragmented, with more than 10,000 independent waxing-focused operators that lack scale and approximately 100,000 beauty salons that only provide waxing as a part of their broader service offering.

Please call your TAG salesperson if you have an interest