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Bausch Health Companies Inc. (BHC) CEO Joe Papa Presents at Barclays Global Healthcare Conference (Transcript)

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Bausch Health Companies Inc. (NYSE:BHC) Barclays Global Healthcare Conference March 9, 2021 2:25 PM ET

Company Participants

Joe Papa - Chairman & Chief Executive Officer

Conference Call Participants

Balaji Prasad - Barclays

Balaji Prasad

Good afternoon. I'm sorry, we were on mute. My name is Balaji Prasad. I lead spec pharma coverage for Barclays. And thank you for dialing into the Barclays Global Healthcare Conference. So continuing the specialty pharma track of the conference, I'm pleased to introduce the management of Bausch with us today. So we have Joe Papa, Chairman and CEO. And Joe, thank you for taking time to speak to us. Could I introduce or could I ask you to make some opening comments and then we could get into a fireside?

Joe Papa

Balaji, thank you very much. Great pleasure to be here. And I certainly welcome the chance -- to have a chance to talk more about some of the excitement -- opportunities at Bausch Healthcare. We reported two weeks ago about our overall business. And I would say, clearly, the messages on that was that recovery is in progress, the business recovery is in progress.

Number two, I'd say, we entered 2021 with good momentum. And maybe some of the specifics on that is clearly, we were able to exceed our latest forecast on revenue. We had really strong cash flow. EBITDA was -- in fact in the fourth quarter EBITDA was ahead of a year ago. So feel very good about those opportunities.

We also managed our OpEx during the time period versus a year ago, because of some of the challenges that we saw with COVID. But importantly, one of the things we did we think very well was we increased our market share of several of the key brands. For example VYZULTA was up 40

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