Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q2 FY2021 Earnings Presentation
14 slides from Unifi, Inc. New's earnings presentation, Jan 27, 2021
Slide 1: Second Quarter Ended December 27, 2020 Conference Call Presentation
Second Quarter Ended December 27, 2020 (Unaudited Results) January 28, 2021 Conference Call Presentation Exhibit 99.2
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 expe
Slide 3: Q2 Fiscal 2021 CEO Commentary
3 Q2 FISCAL 2021 CEO COMMENTARY Net sales (millions) Recovery building momentum Revenues nearing pre-pandemic levels Up 15% sequentially, with strength across all segments Gross margin initiatives and/or drivers: Manufacturing efficiencies Market share capture in Brazil Mix improvements Raw material
Slide 4: REPREVE Fiber Sales as a % of Net Sales
4 REPREVE® FIBER SALES AS A % OF NET SALES QUARTERLY RECORD REPREVE® Fiber represents our collection of fiber products on our recycled platform, in either base recycled form or with added technologies. June 2020 quarter suppressed by pandemic
Slide 5: Net Sales Overview (Sequential Quarter)
NET SALES OVERVIEW (SEQUENTIAL QUARTER) (dollars in thousands) Three-Month Comparison (Q1 FY21 vs. Q2 FY21) 1 Approximates the impact of foreign currency translation. nm – Not meaningful 5
Slide 6: Gross Profit Overview (Sequential Quarter)
6 nm – Not meaningful Three-Month Comparison (Q1 FY21 vs. Q2 FY21) GROSS PROFIT OVERVIEW (SEQUENTIAL QUARTER) (dollars in thousands)
Slide 7: Net Sales Overview (Year-over-Year)
NET SALES OVERVIEW (YEAR-OVER-YEAR) Three-Month Comparison (Q2 FY20 vs. Q2 FY21) 1 Approximates the impact of foreign currency translation. nm – Not meaningful Note: The “Prior Period” ended on December 29, 2019. The “Current Period” ended on December 27, 2020. The Prior Period and the Current Perio
Slide 8: Gross Profit Overview (Year-over-Year)
8 nm – Not meaningful Note: The “Prior Period” ended on December 29, 2019. The “Current Period” ended on December 27, 2020. The Prior Period and the Current Period each contained 13 fiscal weeks. Three-Month Comparison (Q2 FY20 vs. Q2 FY21) (dollars in thousands) GROSS PROFIT OVERVIEW (YEAR-OVER-YEA
Slide 9: Net Sales Overview (Year-over-Year) Six-Month Comparison
NET SALES OVERVIEW (YEAR-OVER-YEAR) Six-Month Comparison (YTD FY20 vs. YTD FY21) 1 Approximates the impact of foreign currency translation. nm – Not meaningful Note: The “Prior Period” ended on December 29, 2019. The “Current Period” ended on December 27, 2020. The Prior Period and the Current Perio
Slide 10: Gross Profit Overview (Year-over-Year) Six-Month Comparison
10 nm – Not meaningful Note: The “Prior Period” ended on December 29, 2019. The “Current Period” ended on December 27, 2020. The Prior Period and the Current Period each contained 26 fiscal weeks. (dollars in thousands) GROSS PROFIT OVERVIEW (YEAR-OVER-YEAR) Six-Month Comparison (YTD FY20 vs. YTD FY
Slide 11: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS (dollars in millions) Continued diligence around balance sheet leads to highly opportunistic leverage position Capital allocation strategy remains balanced and focused on: Capital expenditures New texturing technology Acquisitions FY 2021: TSI & FNY Share repurchases FY 2020
Slide 12: Recent Trade Developments
RECENT TRADE DEVELOPMENTS Following antidumping and countervailing duties applied to imports of polyester textured yarn from China and India in January 2020, similar imports from Indonesia, Malaysia, Thailand, and Vietnam surged in calendar 2020, replacing the subject imports from China and India. I
Slide 13: Third Quarter Fiscal 2021 Outlook
Because of the continued global economic impact and uncertainty associated with the COVID-19 pandemic, the Company’s outlook for the third quarter of fiscal 2021 is limited to the following expectations: Net sales trends continue to improve sequentially, including sales of REPREVE® Fiber, with net s
Slide 14: Thank You!
Thank You! UNIFI