Barnes & Noble Education, Inc · NYSE:BNED
Barnes & Noble Education — Corporate Update (October 2017)
11 slides from Barnes & Noble Education's corporate update, Oct 30, 2017
Slide 1: Barnes & Noble Education, Inc. Financial Supplement
Exhibit 99.1 Barnes & Noble Education, Inc. Financial Supplement O C TO B E R 3 0 , 2 0 1 7
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and inf
Slide 3: Unaudited Pro Forma Financial Statement Information
Unaudited Pro Forma Financial Statement Information Barnes & Noble Education, Inc. (“BNED”) is a leading provider of educational products and services solutions for higher education and K-12 institutions. Through our Barnes & Noble College (“BNC”) and MBS Textbook Exchange (“MBS”) subsidiaries, we o
Slide 4: FY2017 MBS Pro Forma Historical Sales by Quarter (Unaudited)
FY2017 MBS Pro Forma Historical Sales by Quarter (Unaudited) Before Intercompany Eliminations MBS PRO FORMA HISTORICAL SALES(a) Total ($ in thousands) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY2017 Total Sales Wholesale $ 121,257 $ 47,487 $ 90,625 $ 25,119 $ 284,488 Direct 51,641 82,207 45,163 32,034 211,04
Slide 5: FY2017 MBS Pro Forma Quarterly Summary (Unaudited)
FY2017 MBS Pro Forma Quarterly Summary (a) (Unaudited) Before Intercompany Eliminations Total ($ in thousands) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY2017 Total Sales(b) $ 172,898 $ 129,694 $ 135,788 $ 57,153 $ 495,533 Total Cost of Sales(c) 141,023 98,899 101,638 46,824 388,384 Total Gross Margin 31,875
Slide 6: FY2017 BNED Consolidated Pro Forma Sales and Adjusted EBITDA (Non-GAAP)
FY2017 BNED Consolidated Pro Forma Sales and Adjusted EBITDA (Non-GAAP) (a) (Unaudited) BNED CONSOLIDATED PRO FORMA SALES Total ($ in thousands) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY2017 Total Sales: BNC $ 239,237 $ 770,671 $ 521,624 $ 314,029 $ 1,845,561 MBS 172,898 129,694 135,788 57,153 495,533 Inte
Slide 7: Outlook Summary
Outlook Summary • For FY2018, we continue to expect sales at BNC to be relatively flat, while BNC comparable store sales are projected to decline in the low- to mid- single digit percentage point range year-over-year, as noted in our FY2017 earnings release on July 12, 2017. In addition, we continue
Slide 8: Appendix
APPENDIX 8
Slide 9: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information To supplement BNED’s consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), BNED uses the Non-GAAP financial measure of Adjusted EBITDA (defined by BNED as earnings before interest, taxes, depreciation a
Slide 10: Reconciliations – Non-GAAP Results (Unaudited)
Reconciliations – Non-GAAP Results (Unaudited) FY2017 MBS PRO FORMA QUARTERLY SUMMARY Total ($ in thousands) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY2017 Operating Margin $ 19,061 $ 12,205 $ 20,536 $ (3,277) $ 48,525 Add: Depreciation and Amortization Expense 1,457 1,434 1,435 1,731 6,057 Inventory Valuat
Slide 11: Reconciliations – Non-GAAP Results (Unaudited)
Reconciliations – Non-GAAP Results (Unaudited) FY2017 BNC QUARTERLY SUMMARY (a) Total ($ in thousands) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY2017 Net (loss) income $ (29,645) $ 27,560 $ 2,032 $ 3,493 $ 3,440 Add: Depreciation and Amortization expense 12,921 12,987 13,149 13,202 52,259 Interest expense,
Barnes & Noble Education — Corporate Update (October 2017) on 6ix