Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q3 FY2012 Earnings Presentation
14 slides from Unifi, Inc. New's earnings presentation, Apr 26, 2012
Slide 1: Unifi, Inc. Third Quarter Conference Call
4 UNiri. Unifi, Inc. For the Third Quarter Ended March 25, 2012 Conference Call
Slide 2: Cautionary Statement
Unifi, Inc ‘Third Que. Conf. Call April 26, 2012 Cautionary Statement Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of Unifi, Inc. (the “Company”) that are based on managemen
Slide 3: USA Synthetic Apparel Supply Share
Uni, tne. Third Qu. Conf. Call USA Synthetic Apparel Supply Share ““**° Cy 2009 | cv 2010 | cy2011 [cy 20126 Tivn Sai] 1se0 | 100 | tase] 2077 ‘crouth iow | mm | ow. cy 2000 gg aed ey 208, g 3 cy 2005 cy 206 cy 207 g 8 BOG cy 2010 cv 2011 cy 2012€ GROW Greater Chinas Regional (US, Central America, N
Slide 4: Volume and Pricing Highlights
Unifi, Inc ‘Third Qtr. Conf. Call April 26, 2012 Volume and Pricing Highlights (Unaudited) Quarter over Quarter ‘Year over Year For the Quarters Ended Forthe Nine Months Ended March 25, 2012 vs. March 27, 2011 March 25, 2012 vs. March 27, 2011 Volume Price Volume Price Polyester (2.4%) 8.2% (3.6%) 1
Slide 5: Segment Gross Profit
Unifi, Inc ‘Third Qu. Conf. Call April 26, 2012 Segment Gross Profit Highlights (Amounts in Thousands) (Unaudited) Quarter over Quarter ‘Year over Year Forthe Quarters Ended Forthe Nine Months Ended ‘March 25, 2012 vs. March 27, 2011 March 25, 2012 vs. March 27, 2011 Polyester s 5,859 $ 3.738 $ 11,8
Slide 6: Income Statement - Three Months
Unifi, Inc Third Qu. Conf. Call April 26, 2012 Income Statement Highlights (Amounts in Thousands, Except Percentages) (Unaudited) For the Three Months Ended March 25, 2012 March 27. 2011 Net sales $ 179,037 100.0% $ 179,390 100.0% Gross profit 13,590 7.6% 15,601 8.7% Selling, general and administrat
Slide 7: Income Statement - Nine Months
Unifi, Inc Third Qu. Conf. Call April 26, 2012 Income Statement Highlights (Amounts in Thousands, Except Percentages) (Unaudited) For the Nine Months Ended March 25, 2012 March 27. 2011 Net sales $ 517,160 100.0% $ 516,621 100.0% Gross profit 36,302 7.0% 56,637 11.0% Selling, general and administrat
Slide 8: Working Capital
Unifi, Inc Third Qu. Conf. Call April 26, 2012 Working Capital Highlights (Amounts in Thousands, Except Percentages) (Unaudited) March 25, December 25, June 26, 2012 2011 2011 Receivables, net S$ 100,713 8 83,803 $s 99,815 Inventory 112,417 114,180 134,883 Accounts Payable (42,589) (28,950) (42,842)
Slide 9: Balance Sheet
Unifi, Inc Third Qu. Conf. Call April 26, 2012 Balance Sheet Highlights (Amounts in Thousands, Except Percentages) (Unaudited) March 25, December 25, June 26, 2012 2011 2011 Cash $ 35,820 $ 24,677 $ 27,490 Revolver Availability, Net §2,955 44,318 51,734 Total Liquidity $ 88,775 $ 68,995 $ 79,224 201
Slide 10: Expected Funds Flow for Refinancing
Unifi, Inc Third Qtr. Conf. Call April 26, 2012 Expected Funds Flow for Refinancing (Sin millions) Funds Pro Closing — Flow Fees forma Interest Rate 2014 Notes $ 124 $(124) $ - S$ - Fixed @ 11.5% Existing Revolver 35 (35) - - Hedged @ 3.46% ABL Revolver - 60 - 60 L+200 * ABL Term - 50 - 50 L+250 * T
Slide 11: Equity Affiliates
Unf, Inc Amin Equity Affiliates Highlights (Amounts in Thousands) (Unaudited) For the Quarters Ended_ For the Nine Months Ended_ March 25, 2012 March 27, 2011 March 25, 2012 March 27, 2011 Earnings (Losses) Parkdale America (34%) $ 9,720 $ (2.450) $ 14,213 $ 10,607 Other 143 347 (47) 1,280 Total $ 9
Slide 12: Adjusted EBITDA Reconciliation to Net Income (Loss)
Unifi, Inc ‘Third Que. Conf. Call April 26, 2012 Adjusted EBITDA Reconciliation to Net Income (Loss) (Amounts in Thousands) (Unaudited) For the Quarters Ended For the Nine Months Ended ‘March 25,2012 __ March 27, 2011 ‘March 25,2012 _ March 27, 2011 ‘Net income (loss) attbutable to Unifi, Inc. s 753
Slide 13: Non-GAAP Financial Measures
Unifi, Inc ‘Third Que. Conf. Call April 26, 2012 Non-GAAP Financial Measures "Non-GAAP Financial Measures ‘Inchuded in this presentation are certain non-GAAP financial measures designed to complement the financial information presented in accordance with generally accepted accounting principles in t
Slide 14: Non-GAAP Financial Measures - continued
Unifi, Inc ‘Third Que. Conf. Call April 26, 2012 Non-GAAP Financial Measures - continued Each of our Adjusted EBITDA and Adjusted EBITDA including equity affiliates measures has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our resu