Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q3 FY2017 Earnings Presentation
13 slides from Unifi, Inc. New's earnings presentation, May 2017
Slide 1: Conference Call Presentation
Exhibit 99.2 Conference Call Presentation Third Quarter Ended March 26, 2017 (Unaudited Results)
Slide 2: Cautionary Statement on Forward-Looking Statements
Cautionary Statement on Forward-Looking Statements Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of the Company that are based on management’s beliefs, assumptions and expect
Slide 3: Consolidated Net Income – Q3 FY16 to Q3 FY17
Consolidated Net Income – Q3 FY16 to Q3 FY17 (dollars in millions) 1 2 3 4 5 When comparing Net income attributable to Unifi, Inc. from Q3 FY16 to Q3 FY17 on an after-tax basis: 1 Approximates normalizing for key employee transition costs incurred in Q3 FY16. 2 Approximates the change in the Company
Slide 4: Consolidated Net Income – YTD FY16 to YTD FY17
Consolidated Net Income – YTD FY16 to YTD FY17 (dollars in millions) 1 2 3 5 6 7 4 When comparing Net income attributable to Unifi, Inc. from YTD FY16 to YTD FY17 on an after-tax basis: 1 Approximates normalizing for key employee transition costs incurred in Q2 and Q3 FY16. 2 Approximates the loss o
Slide 5: Net Sales and Gross Profit Highlights – Three-Month Comparison
1, 2 Net Sales and Gross Profit Highlights (dollars in thousands) Three-Month Comparison (Q3 2016 vs. Q3 2017) Net Sales Polyester * Nylon * International * Subtotal 1 Prior Period $ 98,997 $ 29,533 $ 31,092 $ 159,622 Volume Change 2.1% (3.9%) 24.1% 8.4% Price Change (10.9%) (4.7%) 12.1% (8.4%) Curr
Slide 6: Net Sales and Gross Profit Highlights – Nine-Month Comparison
1, 2 Net Sales and Gross Profit Highlights (dollars in thousands) Nine-Month Comparison (YTD 2016 vs. YTD 2017) Net Sales Polyester * Nylon * International * Subtotal 1 Prior Period $ 288,017 $ 101,938 $ 85,275 $ 475,230 Volume Change (0.1%) (14.8%) 41.6% 10.7% Price Change (9.1%) (3.0%) 6.8% (11.4%
Slide 7: Equity Affiliates Highlights
Equity Affiliates Highlights (dollars in thousands) For the Three Months Ended For the Nine Months Ended March 26, 2017 March 27, 2016 March 26, 2017 March 27, 2016 Pre-Tax Earnings: Parkdale America, LLC $ 1,345 $ 3,630 $ 914 $ 5,214 Nylon joint ventures 255 537 1,159 2,116 Total $ 1,600 $ 4,167 $
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights (dollars in thousands) Working Capital and Adjusted Working Capital March 26, 2017 June 26, 2016 March 27, 2016 Cash and cash equivalents $ 30,231 $ 16,646 $ 15,287 Receivables, net 87,249 83,422 82,454 Inventories 109,647 103,532 105,944 Other current assets 18,321 8,292 6,
Slide 9: Appendix
APPENDIX ae “ie
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations (dollars in thousands) Adjusted EBITDA For the Three Months Ended For the Nine Months Ended March 26, 2017 March 27, 2016 March 26, 2017 March 27, 2016 Net income attributable to Unifi, Inc. $ 9,177 $ 9,689 $ 23,171 $ 24,178 Interest expense, net 699 709 1,945 2,171 Provisio
Slide 11: Non-GAAP Reconciliations (Continued)
Non-GAAP Reconciliations (Continued) (dollars in thousands) Adjusted Net Income and Adjusted EPS For the Three Months Ended March 26, 2017 For the Three Months Ended March 27, 2016 Pre-tax Pre-tax Income Tax Impact Net Income Basic EPS Income Tax Impact Net Income Basic EPS GAAP results $ 10,008 $ (
Slide 12: Other Reconciliations
Other Reconciliations (dollars in thousands) Consolidated Net Sales For the Three Months Ended For the Nine Months Ended March 26, 2017 March 27, 2016 March 26, 2017 March 27, 2016 1 Subtotal of Net Sales by Segment $ 159,599 $ 159,622 $ 471,964 $ 475,230 Net Sales for All Other Category 1,297 1,656
Slide 13: Thank You!
VE RECYCLING CENTER REP. Thank You!