Bluelinx Holdings Inc. · NYSE:BXC
Bluelinx — Q2 2012 Earnings Presentation
23 slides from Bluelinx's earnings presentation, Aug 2, 2012
Slide 1: BlueLinx Quarterly Review 2nd Quarter 2012
BlueLinx Quarterly Review 2nd 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: 2nd Quarter Highlights
2nd Quarter Highlights 2nd Quarter Highlights Revenue Up 3.2% to $517 million Up 3.2% to $517 million Housing Starts Total starts increased 28.9% from the same period last year; Single family starts increased 23.3% from the same period last year Total starts increased 28.9% from the same period last
Slide 4: Quarterly Review
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 2Q '12 Specialty 230.7 309.9 291.1 236.4 268.1 307.9 Structural 160.8 192.6 186.6 164.9 182.9 215.7 Other -0.9 -1.7 -4.8 -10.2 2.7 -6.6 Specialty Unit Volume (2.3%) YOY $16.2 or 3.2% Structural Unit Volume 0.4% Price/Other $16.2 2Q '12 Specialty 3
Slide 6: 2012 YTD Results
2012 YTD Results revenue YTD '11 891.414 YTD '12 970.734 Operating Expense YTD '11 110.8 YTD '12 117.6 YTD '11 YTD '12 GM % 0.117 0.121 YTD '11 YTD '12 EBITDA -1.5 4.2 Significant Special Items YTD '11 YTD '12 Variance Gain on insurance settlement - $0.5 ($0.5) Gain on real estate $7.2 $0.5 $6.7 Tot
Slide 7: Cash Flows
Cash Flows BXC used $21.6 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 $103.7 million excess availability as of June 30, 2012 LIBOR plus 3.75% as of June 30, 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 gr
Slide 9: Cash Cycle
Cash Cycle TTM Cash Cycle days at 59, up 2 days sequentially and up 1 day 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 2Q '12 Inv 45.8 44.7 46.3 46.3 45.3 43.9 44 44.7 45.1 43.9
Slide 10: Business Review
George Judd Chief Executive Officer Business Review
Slide 11: Remarks
Remarks 2nd Quarter focus Value added products growth Gross margin Operating expense 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 June 30, 2012 Source: Data from Random Lengths Publications, Inc., updated as of June 30, 2012 Source: Data from Random Lengths Publications, Inc., updated as of June 30, 2012 Source: Data from Random
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