Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Q3 2020 Earnings Presentation
15 slides from Lsi Industries's earnings presentation, Apr 23, 2020
Slide 1: Fiscal 3rd Quarter 2020 Results
Fiscal 3rd Quarter 2020 Results April 23, 2020
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements and Non-GAAP Financial Measures This presentation includes “forward-looking statements” within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to histo
Slide 3: Executive Summary
EXECUTIVE SUMMARY Fiscal Third Quarter 2020 3
Slide 4: COVID-19 Business Response
COVID-19 BUSINESS RESPONSE Positioned to confront pandemic-related market volatility > > > > > > > > > > > 4
Slide 5: Consolidated Performance Indicators
CONSOLIDATED PERFORMANCE INDICATORS Strength In Graphics Segment, Improved Efficiencies Drove F3Q20 Results 5
Slide 6: Lighting Segment Update
LIGHTING SEGMENT UPDATE Shift Toward Higher-Margin, Lower Volume Lighting Sales Mix Continues 6
Slide 7: Graphics Segment Update
GRAPHICS SEGMENT UPDATE 10th Consecutive Quarter of Y/Y Sales Growth; Announced $100 million QSR Contract 7
Slide 8: Improved Working Capital Management
IMPROVED WORKING CAPITAL MANAGEMENT YTD Decline in Working Capital Requirements 8
Slide 9: Continued Growth in Free Cash Flow
CONTINUED GROWTH IN FREE CASH FLOW Directing FCF Mainly Toward Reduction In Net Leverage 9
Slide 10: Disciplined Balance Sheet Management
DISCIPLINED BALANCE SHEET MANAGEMENT Growth In Free Cash Flow Supports Reduction in Net Debt 10
Slide 11: Appendix
APPPENDIX 11
Slide 12: Adjusted Diluted Earnings Per Share
Adjusted Diluted Earnings Per Share Non-GAAP Reconciliation - In Thousands of Dollars, Except For Per Share Data Q3 2019 Q2 2020 Q3 2020 Diluted EPS Diluted EPS Diluted EPS Net (Loss) Income $ (3,168) $ (0.12) $ 1,743 $ 0.07 $ 1,861 $ 0.07 Restructuring and plant closure costs 115 - 223 0.01 (2,769)
Slide 13: Segment Adjusted Operating Income and EBITDA
Segment Adjusted Operating Income and EBITDA Non-GAAP Reconciliation - Thousands of Dollars Lighting Segment Q3 2019 Q2 2020 Q3 2020 LSI Industries Q3 2019 Q2 2020 Q3 2020 Net Sales [a] 52,785 53,436 49,013 Operating (Loss) Income (2,273) 1,760 2,631 Operating Income (loss) 691 3,150 1,102 Restructu
Slide 14: Free Cash Flow
Free Cash Flow In Thousands of Dollars, Except For Per Share Data LSI Industries Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Net cash flows (used in) provided by operating activities (1,243) 5,106 6,359 14,544 (3,806) Purchases in property, plant, and equipment (769) (270) (355) (764) (419) Proceeds fro
Slide 15: Net Debt Outstanding
Net Debt Outstanding In Thousands of Dollars, Except For Per Share Data LSI Industries Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Debt 43,812 39,541 23,181 10,437 7,919 Less: Cash 1,686 966 1,579 1,248 820 Net Debt Outstanding 42,126 38,575 21,602 9,189 7,099 15