Slide 1: BlueLinx Quarterly Review 1st Quarter 2012
BlueLinx Quarterly Review 1st Quarter 2012
Slide 2: Forward-Looking Statement Safe Harbor
BlueLinx Holdings Inc. Forward-Looking Statement Safe Harbor - This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on estimates and assumptions made by our management tha
Slide 3: 1st Quarter Highlights
1st Quarter Highlights 1st Quarter Highlights Revenue Up 16.2% to $453.7 million Up 16.2% to $453.7 million Housing Starts Total starts increased 19.2% from the same period last year; Single family starts increased 16.9% from the same period last year Total starts increased 19.2% from the same perio
Slide 4: Quarterly Review - Doug Goforth, CFO
Doug Goforth Chief Financial Officer and Treasurer Quarterly Review
Slide 5: Quarterly Revenue
Quarterly Revenue 1Q '11 2Q '11 3Q '11 4Q '11 1Q '12 Specialty 230.7 309.9 291.1 236.4 268.1 Structural 160.8 192.6 186.6 164.9 182.9 Other -0.9 -1.7 -4.8 -10.2 2.7 Specialty Unit Volume 12.4% YOY $63.1 or 16.2% Structural Unit Volume 9.4% Price/Other $63.1 4Q '11 Specialty 240.7 Structural 165.7 1Q
Slide 6: 2012 Q1 Results
2012 Q1 Results revenue YTD '11 390.604 YTD '12 453.708 YTD '11 YTD '12 GM % 0.118 0.12 Operating Expense YTD '11 51.4 YTD '12 58.3 YTD '11 YTD '12 EBITDA -2.2 -1.8 Significant Special Items YTD '11 YTD '12 Variance Gain on real estate $7.2 $0.6 $6.6
Slide 7: Cash Flows
Cash Flows BXC used $89 million in operating cash flow for the quarter Unaudited (in million's) (in million's) (in million's)
Slide 8: Debt
Debt U.S. Revolver $120.3 million excess availability as of March 31, 2012 LIBOR plus 3.75% as of March 31, 2012 $400 million facility with additional $100 million uncommitted accordion facility Matures January 7, 2014 No financial performance covenants provided Excess Availability is more than the
Slide 9: Cash Cycle
Cash Cycle TTM Cash Cycle days at 57, up 1 day sequentially and up 2 days compared to the prior year quarter 3Q '07 4Q '07 1Q '08 2Q '08 3Q '08 4Q '08 1Q '09 2Q '09 3Q '09 4Q '09 1Q '10 2Q '10 3Q '10 4Q '10 1Q '11 2Q '11 3Q '11 4Q '11 1Q '12 Inv 45.8 44.7 46.3 46.3 45.3 43.9 44 44.7 45.1 43.9 43.9 4
Slide 10: Business Review - George Judd, CEO
George Judd Chief Executive Officer Business Review
Slide 11: Remarks
Remarks 1st Quarter focus Specialty growth Gross margin Customer care Long term strategic objectives: Profitably grow specialty revenues to 60+% of total sales Profitably manage structural Profitably outgrow the market over the long term
Slide 12: Appendix
Appendix TOPIC PAGE Profit and Loss Statement by Quarter 13 Revenues by Quarter 14 Channel Mix Analysis 15 Unit Volume by Quarter 16 Gross Margin by Quarter 17 Gross Margin % Analysis 18 Operating Expense by Quarter 19 Structural Product Price Trends 20 Reconciliation of GAAP Debt to Non-GAAP Net De
Slide 13: Profit & Loss Statement by Quarter
Profit & Loss Statement by Quarter Profit & Loss Statement by Quarter
Slide 14: Revenues by Quarter
Revenues by Quarter Revenues by Quarter
Slide 15: Revenue Channel Mix Analysis
Revenue Channel Mix Analysis Revenue Channel Mix Analysis
Slide 16: Unit Volume by Quarter
Unit Volume by Quarter Unit Volume by Quarter
Slide 17: Gross Margin by Quarter
Gross Margin by Quarter Gross Margin by Quarter
Slide 18: Gross Margin % Analysis
Gross Margin % Analysis Gross Margin % Analysis
Slide 19: Operating Expense by Quarter
Operating Expense by Quarter Operating Expense by Quarter
Slide 20: Structural Products Price Trend
Structural Products Price Trend Source: Data from Random Lengths Publications, Inc., updated as of March 31, 2012 Source: Data from Random Lengths Publications, Inc., updated as of March 31, 2012 Source: Data from Random Lengths Publications, Inc., updated as of March 31, 2012 Source: Data from Rand
Slide 21: Reconciliation of GAAP to Non-GAAP
Reconciliation of GAAP to Non-GAAP Reconciliation of GAAP to Non-GAAP
Slide 22: Reconciliation of GAAP to Non-GAAP
Reconciliation of GAAP to Non-GAAP Reconciliation of GAAP to Non-GAAP
Slide 23: www.BlueLinxco.com
www.BlueLinxco.com