Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q2 FY2015 Earnings Presentation
11 slides from Unifi, Inc. New's earnings presentation, Jan 21, 2015
Slide 1: Preliminary Results For the Second Quarter Ended December 28, 2014
Unifi, Inc. Preliminary Results For the Second Quarter Ended December 28, 2014 Conference Call Slide Presentation Exhibit 99.2
Slide 2: Cautionary Statement
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 management’s beliefs, assumptions and expectations about o
Slide 3: Net Sales and Gross Profit Highlights
Net Sales and Gross Profit Highlights (Amounts in Thousands, Except Percentages) Unifi, Inc. Second Qtr. Conf. Call January 21, 2015 (Unaudited) Quarter over Quarter Year over Year For the Three Months Ended For the Six Months Ended December 28, 2014 vs. December 29, 2013 December 28, 2014 vs. Decem
Slide 4: Income Statement (Three Months)
Income Statement Highlights (Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. Second Qtr. Conf. Call January 21, 2015 (Unaudited) For the Three Months Ended December 28, 2014 December 29, 2013 Net sales $163,149 100.0% $160,617 100.0% Gross profit 23,283 14.3% 18,497 11.5%
Slide 5: Income Statement (Six Months)
Income Statement Highlights (Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. Second Qtr. Conf. Call January 21, 2015 (Unaudited) For the Six Months Ended December 28, 2014 December 29, 2013 Net sales $337,331 100.0% $329,286 100.0% Gross profit 44,238 13.1% 38,482 11.7% S
Slide 6: Equity Affiliates
Equity Affiliates Highlights (Amounts in Thousands, Except Percentages) Unifi, Inc. Second Qtr. Conf. Call January 21, 2015 (Unaudited) For the Three Months Ended For the Six Months Ended December 28, 2014 December 29, 2013 December 28, 2014 December 29, 2013 Earnings: Parkdale America (34%) $3,090
Slide 7: Reconciliations of Net Income to Adjusted EBITDA
Reconciliations of Net Income to Adjusted EBITDA (Amounts in Thousands) Unifi, Inc. Second Qtr. Conf. Call January 21, 2015 (Unaudited) For the Three Months Ended For the Six Months Ended December 28, 2014 December 29, 2013 December 28, 2014 December 29, 2013 Net income attributable to Unifi, Inc. $
Slide 8: Working Capital Highlights
Working Capital Highlights (Amounts in Thousands) Unifi, Inc. Second Qtr. Conf. Call January 21, 2015 (Unaudited) December 28, 2014 September 28, 2014 June 29, 2014 Receivables, net $76,319 $92,702 $93,925 Inventories 115,703 114,024 113,370 Accounts payable (41,853) (46,682) (51,364) Accrued expens
Slide 9: Capital Structure
Capital Structure (Amounts in Thousands) Unifi, Inc. Second Qtr. Conf. Call January 21, 2015 (Unaudited) December 28, 2014 September 28, 2014 June 29, 2014 ABL Revolver $19,000 $16,300 $26,000 ABL Term Loan 87,187 90,000 68,000 Other 5,071 5,280 5,488 Total debt $111,258 $111,580 $99,488 Cash 17,897
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures Certain non-GAAP financial measures included herein are designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America ("GAAP") because management believes such measures are useful to
Slide 11: Non-GAAP Financial Measures - continued
Non-GAAP Financial Measures - continued In evaluating EBITDA, Adjusted EBITDA Including Equity Affiliates, and Adjusted EBITDA, you should be aware that in the future, we may incur expenses similar to the adjustments included herein. Our presentation of EBITDA, Adjusted EBITDA Including Equity Affil