Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Investor Day (February 2022)
135 slides from Unifi, Inc. New's investor day presentation, Feb 16, 2022
Slide 1: Investor Day 2022
February 16, 2022 INVESTOR DAY 2022 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: Non-GAAP Financial Measures
Non-GAAP Financial Measures Certain non-GAAP financial measures are designed to complement the financial information presented in accordance with GAAP. These non-GAAP financial measures include Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”), Adjusted EBITDA, Adjusted Net I
Slide 4: Agenda
Agenda WELCOME AND OVERVIEW 6 BRAND TESTIMONIALS AJ. Eaker Jay Hertwig STRATEGY & INNOVATION Al Carey and Eddie Ingle SUSTAINABILITY Meredith Boyd FISCAL 2025 GOALS G Q&A Craig Creaturo Management Team CLOSE Eddie Ingle TOUR / WEBCAST BREAK UNIFL
Slide 5: A.J. Eaker, Vice President of Finance
Vice President of Finance A.J. EAKER Today's wardrobe includes the following REPREVE®-based items: + Jos. A. Bank® 1905 Collection Tailored Fit Spread Collar Plaid REPREVE Dress Shirt + Flag LTD. Men's Shelby Plain Toe Knit Hybrid Casual Shoes UOniri
Slide 6: Company Overview
Index Memberships: S&P 600 Russell 2000 Fiscal Year: Sunday nearest June 30 Market Cap: Approx. $400 million Sales: FY22 Estimate $800 million Overview A global textile solutions provider and one of the world’s leading innovators in manufacturing synthetic and recycled yarn. Global Employees: ~2,900
Slide 7: Product Flow
Product Flow Material Inputs Finished Good Ss A S Ss 8 Recycled plastics Resin Base yarn Textured Value-added Finished yarn petroleum, or derivatives (Poy) yarn processes sale North Carolina, USA Asset Driven Asia et Light Alfenas, Brazil Asset Driven EI Salvador, Central Ami a As Driv , UNiri
Slide 8: REPREVE Process
8 REPREVE® Process RECYCLED BOTTLES RECYCLED FLAKE REPREVE RESIN REPREVE RECYCLED FIBER Post-consumer bottles are recycled Bottles are washed and chopped into flake Bottle flake is melted and formed into resin Resin is melted and made into yarn
Slide 9: REPREVE Fiber
REPREVE Fiber STAPLE FILAMENT on UNIFL
Slide 10: Agenda: Tour / Webcast Break
10 Agenda TOUR / WEBCAST BREAK
Slide 11: Al Carey, Executive Chairman
Executive Chairman AL CAREY Today's wardrobe includes the following REPREVE-based items: + Haggar® Smart Wash™ REPREVE suit + Flag LTD. Men's Boardwalk Plain Toe Lace-Up Knit Sneakers
Slide 12: 2025 Revenue Target
2025 Revenue Target >50% eee REPREVE REPREVE $500 FY 2017 FY 2021 FY 20226 FY 2025 Target peryir fy 2 UNIFL
Slide 13: Geographic Sales
13 Geographic Sales * This data omits All Other category revenue. FY2017 through FY2021 amounts are as reported, FY 2022 and FY 2025 amounts are estimated. Percentages listed are for total sales for that fiscal year. NACA = North America and Central America.
Slide 14: Non-Apparel REPREVE Sales
14 Non-Apparel REPREVE Sales Offer Margin Upside Revenue data is presented for fiscal 2021, for which consolidated net sales was $668 million.
Slide 15: Innovation Provides Competitive Advantage
15 Innovation Provides Competitive Advantage
Slide 16: Agenda: Tour / Webcast Break
16 Agenda TOUR / WEBCAST BREAK
Slide 17: Eddie Ingle, Chief Executive Officer
Chief Executive Officer EDDIE INGLE Today's wardrobe includes the following REPREVE-based items: + Haggar Smart Wash REPREVE suit + Smarterwear REPREVE Shirt by Burlington + Converse® Shoes with REPREVE fabric uppers + KIRKLAND™ Signature wool + REPREVE nylon blend socks + Arcade REPREVE nylon belt
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Slide 19: Unifi's REPREVE Journey
19 Unifi’s REPREVE Journey 2001 Trademark Application ™ 2025 2025 Target - 50 Billion Bottles Recycled - $550+ Million REPREVE Revenue
Slide 20: REPREVE: Positive Impact on Future Growth and Profitability
20 REPREVE: Positive Impact on Future Growth and Profitability Over 80% of total revenue growth between FY22 and FY25 will be REPREVE fiber
Slide 21: Continued Sales Growth for REPREVE
21 Continued Sales Growth for REPREVE 50% RECYCLED POLYESTER BY 2025 100% RECYCLED POLYESTER BY 2025 50% RECYCLED POLYESTER & NYLON BY 2025 50% RECYCLED POLYESTER BY 2025 100% RECYCLED POLYESTER BY 2024 100% KEY MATERIALS 175 Million Recycled Bottles by 2025 100% RECYCLED POLYESTER BY 2025 60% RECYC
Slide 22: Maintaining Sustainable Competitive Advantage
22 Maintaining Sustainable Competitive Advantage
Slide 23: Summary of Strategies Designed to Grow Revenue and EBITDA
Summary of Strategies Designed to Grow Revenue and EBITDA 23
Slide 24: Summary of Strategies Designed to Grow Revenue and EBITDA
Summary of Strategies Designed to Grow Revenue and EBITDA 24
Slide 25: Grow Market Share by Leveraging Competitive Advantages
25 Grow Market Share by Leveraging Competitive Advantages Market share data is derived from internal estimates using multiple non-public sources. “From” market share reflects estimates for calendar 2019. “To” market share reflects estimates for calendar 2025. For each of the United States, Central A
Slide 26: eAFK EvoCooler Texturing Technology
eAFK EvoCooler Texturing Technology Exclusive to Unifi in the Americas 26 Lower Carbon Footprint (~20% reduction in energy) Higher Productivity (~30% – 35% increase) Less Labor Intensive (~25% – 30% reduction direct labor) Lower Maintenance (~35% – 40% reduction) Increased Flexibility Product Innova
Slide 27: Drivers to Unifi's Growth in US, Central America and Brazil
27 Drivers to Unifi’s Growth in US, Central America and Brazil Consumer Demand for Sustainable Products
Slide 28: US and Central America: Regional Competitive Advantages
28 US and Central America: Key Growth Market Regional Competitive Advantages
Slide 29: Forecast Revenue Growth in US and Central America
29 Forecast Revenue Growth in US and Central America *Our revenue generated from our operations in North America and Central America, generally comprising the net sales of the Polyester and Nylon segments.
Slide 30: Brazil: Regional Competitive Advantages
30 Brazil: Key Growth Market Regional Competitive Advantages
Slide 31: Forecast Revenue Growth in Brazil
31 Forecast Revenue Growth in Brazil *Our revenue generated from our operations in South America, comprising the net sales of the Brazil segment.
Slide 32: Drivers to Unifi's Growth in Asia
32 Drivers to Unifi’s Growth in Asia
Slide 33: Asia: Regional Competitive Advantages
33 Asia: Key Growth Market Regional Competitive Advantages in Asia
Slide 34: Forecast Revenue Growth in Asia
34 Forecast Revenue Growth in Asia *Our revenue generated from our operations in Asia, comprising the net sales of the Asia segment.
Slide 35: Summary of Strategies Designed to Grow Revenue and EBITDA
Summary of Strategies Designed to Grow Revenue and EBITDA 35
Slide 36: Build Sustainable Markets Beyond Apparel
36 Build Sustainable Markets Beyond Apparel
Slide 37: Automotive
37 Automotive Poly / Cotton Scrim The emergence of electric vehicles has the industry focused on producing environmentally-friendly vehicles/interiors into the foreseeable future. Electrification of cars and trucks is driving manufacturers to think differently about their interiors The fabric market
Slide 38: Medical / PPE
38 Medical / PPE New US government legislation requires stockpile of US-made PPE PPE and medical demand is expected to remain strong with heightened awareness of personal safety and government-led investments. The synthetic fiber market for the medical industry is approximately $800 million in the U
Slide 39: Packaging, Nonwoven, Hygiene & Film
39 Packaging, Nonwoven, Hygiene & Film REPREVE moves into consumer packaging, industrial wipes and hygiene goods Packaging and nonwoven markets utilize our recycled flake and resin to enhance their composition of sustainable components and these markets exhibit strong demand. The recycled polyester
Slide 40: Footwear
40 Footwear Consumer trend to wearing shoes with fabric uppers opens new markets beyond traditional sneaker market Footwear with synthetic fibers remains a compelling market as consumers seek out more sustainable, lighter-weight and customizable options. 1Based on Unifi’s estimates for the addressab
Slide 41: Summary of Strategies Designed to Grow Revenue and EBITDA
Summary of Strategies Designed to Grow Revenue and EBITDA 41
Slide 42: Textile Takeback
42 Textile Takeback Many of our customers are currently participating in takeback programs 1: https://ellenmacarthurfoundation.org/topics/climate/overview 2: The State Of Consumer Spending: Gen Z Shoppers Demand Sustainable Retail, First Insight, January 2020 3: https://purpose.nike.com/planet
Slide 43: Closing the Loop
43 Closing the Loop Driven by brands Supported by consumers Made possible by Unifi Going beyond the bottle
Slide 44: Capabilities: Textile Takeback
44 Capabilities Textile Takeback
Slide 45: Processes
Processes Knitted Cord UNIri
Slide 46: Poly / Cotton Scrim
Poly / Cotton Scrim 46 Source: Silentnight
Slide 47: Summary of Strategies Designed to Grow Revenue and EBITDA
Summary of Strategies Designed to Grow Revenue and EBITDA 47
Slide 48: Unifi Hangtag Shipments
48 Unifi Hangtag Shipments Fiscal Year Shipments in Millions
Slide 49: REPREVE Awareness
49 REPREVE Awareness Bottle Tag And Logo Source: REPREVE Receptivity Index Study, June 2021, n=850
Slide 50: Drive Unifi's Position as the Gold Standard in Sustainable Synthetic Textiles
50 Drive Unifi’s Position as the Gold Standard in Global Sustainable Synthetic Textiles
Slide 51: Drive Mass Awareness of REPREVE
51 Drive Mass Awareness of REPREVE Cement REPREVE as the #1 global branded synthetic Mass global advertising with circular storytelling Sponsor WM Phoenix Open Brand/Retailer Co-marketing toolkit Enhanced social media promotion to build consumer following
Slide 52: Olympics
52 Olympics Source: ralphlauren.com/ 2020 Summer Olympics 2022 Winter Olympics
Slide 53: Pac-12
53 Pac-12
Slide 54: Disney Bottle Collection
Disney BOTTLE COLLECTION 54 Source: https://disneyworld.disney.go.com/guest-services/guest-experience-team/
Slide 55: Drive REPREVE Growth Beyond Apparel
55 Drive REPREVE Growth Beyond Apparel Building effective and efficient digital capabilities Expand presence in new markets Join key influential industry associations to enhance awareness Industry-specific account-based marketing
Slide 56: REPREVE Champions of Sustainability
56 Unifi is proud to celebrate our brand, retailer and textile partners that exemplify leadership in sustainability and go above and beyond to protect our planet. REPREVE Champions of Sustainability
Slide 57: Summary of Strategies Designed to Grow Revenue and EBITDA
Summary of Strategies Designed to Grow Revenue and EBITDA 57
Slide 58: Agenda
Agenda WELCOME AND OVERVIEW 6 A.J. Eaker STRATEGY & INNOVATION Al Carey and Eddie Ingle FISCAL 2025 GOALS G Craig Creaturo TOUR / WEBCAST BREAK BRAND TESTIMONIALS Jay Hertwig SUSTAINABILITY Meredith Boyd Q&A Management Team CLOSE Eddie Ingle UNIFL
Slide 59: Craig Creaturo, Chief Financial Officer & EVP
Chief Financial Officer & EVP CRAIG CREATURO Today's wardrobe includes the following REPREVE-based items: + Jos. A. Bank® 1905 Collection REPREVE Long Sleeve Dress Shirt + Volcom® Modern Stretch Pants + Hugo Boss® Titanium Sneakers UOniri
Slide 60: Historical Financials
60 Historical Financials Net Sales Operating Income (Loss) Adjusted Net Income (Loss) * Adjusted EBITDA * (dollars in millions, except Adj. EPS) * Non-GAAP financial measures are detailed in the appendix.
Slide 61: Historical Financials (cont.)
61 Historical Financials (cont.) Cash Provided by Operating Activities Capital Expenditures Adjusted Working Capital * Net Debt * (dollars in millions) *Non-GAAP financial measures are detailed in the appendix.
Slide 62: REPREVE Fiber as a % of Revenue Target
62 REPREVE Fiber as a % of Revenue Target * FY18, FY19, FY20 and FY21 amounts are as reported; FY22 and FY25 amounts are estimated.
Slide 63: Current Recycled vs. Virgin Composition
63 Current Recycled vs. Virgin Composition Percent of Recycled Sales NYLON BRAZIL POLYESTER
Slide 64: Fiscal 2025 Gross Margin % Target
64 Fiscal 2025 Gross Margin % Target
Slide 65: Fiscal 2025 Revenue Target
65 Fiscal 2025 Revenue Target (Dollars in millions)
Slide 66: Fiscal 2025 Adjusted EBITDA Target
66 Fiscal 2025 Adjusted EBITDA Target * Non-GAAP financial measures are detailed in the appendix. Adjusted EBITDA* Growth Components (Dollars in millions)
Slide 67: Additional Fiscal 2025 Expectations
67 Depreciation and amortization expense of $35 to $40 Effective tax rate of 35% to 40% Capital expenditures of $20 to $25 Additional Fiscal 2025 Expectations (Dollars in millions)
Slide 68: Capital Allocation Priorities
Capital Allocation Priorities 68 Acquisitions Share Repurchases Balanced Leverage Drive Organic Growth
Slide 69: Acquisition Opportunities
69 Acquisition Opportunities
Slide 70: Agenda
Agenda WELCOME AND OVERVIEW 6 A.J. Eaker STRATEGY & INNOVATION Al Carey and Eddie Ingle FISCAL 2025 GOALS G Craig Creaturo TOUR / WEBCAST BREAK BRAND TESTIMONIALS Jay Hertwig SUSTAINABILITY Meredith Boyd Q&A Management Team CLOSE Eddie Ingle UNIFL
Slide 71: Intermission
71 This event is on break. Unifi will return at approximately 12:00 noon Eastern Time to conduct the remaining sessions of this 2022 Investor Day event. Thank you for joining us today. Intermission
Slide 72: Agenda
Agenda WELCOME AND OVERVIEW A.J. Baker STRATEGY & INNOVATION Al Carey and Eddie Ingle FISCAL 2025 GOALS Craig Creaturo TOUR / WEBCAST BREAK BRAND TESTIMONIALS Jay Hertwig SUSTAINABILITY Meredith Boyd Q&A Management Team CLOSE Eddie Ingle UNIFL
Slide 73: Jay Hertwig, SVP of Commercialization
SVP of Commercialization JAY HERTWIG Today's wardrobe includes the following REPREVE-based items: + Haggar REPREVE Smart Wash suit + JOE™ Joseph Abboud REPREVE Dress Shirt uniri
Slide 74: Push – Pull Principle
74 Push – Pull Principle Fabric Producer Product Manufacturer Brand / Retailers Consumer Petrochemical Inputs (Direct Sales/Brand Sales/Marketing)
Slide 75: REPREVE Brand Growth – Apparel
75 REPREVE Brand Growth – Apparel
Slide 76: REPREVE Brand Growth – Beyond Apparel
76 REPREVE Brand Growth – Beyond Apparel
Slide 77: Brent Bell, VP of Recycling
BRENT BELL VP of Recycling Wr). rears
Slide 78: WM and the Unifi Partnership
w WM and the UNIFI partnership Brent Bell VP Recycling WM
Slide 79: WM Overview
Blichad a ahili ariel ility L WM - Premier Asset N k and E: 145 Recycling Facilities cone rganies,4 Single stream, 52 conscion & Demolition, 9 48,250 171 onan 3 natural gas erie fueling stations eo a $15.28 . total revenue Managing more post-consumer recyclables than anyone else in North America , D
Slide 80: WM Commercial Featuring Repreve
WM commercial – featuring Repreve WM ad featuring Repreve 4M+ impressions Aired on CNBC, NBC Sports and the Golf Channel 80
Slide 81: WM Uniforms Made from Repreve
WM uniforms made from Repreve “Our drivers will ride their routes collecting plastic bottles, milk jugs and other materials that will eventually be turned into the uniforms that they wear every day. This is the circular economy in action," said CEO Jim Fish during a video announcement. 81
Slide 82: WM/Unifi Partnership
WM/UNIFI partnership WM largest residential recycler in North America Experienced movement issues of recycled materials with past customers switching from recycled to virgin based on price WM Policy not to export any residential plastics WM desire for sustainable partner to handle recycled materials
Slide 83: Pete Waldron, President, L2 Brands
PETE WALDRON President sz L2 BRANDS L/ uniri
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Slide 85: L2 Brands
ae GpDowmnuscarrrar L2 BRANDS pa) EERE —__—_—_—_—_ * L2 Brands is high-qu ‘1, headwe ‘collegiate, resort/destination, and corporate markets in the United States. és '30 years, L2 has created products that connect the schools, traditic ‘identify with and love. ae League and L 7 : for id market iversi
Slide 86: L2 Brands Facilities
@pomnus L2 BRANDS ty + Quali HANOVER, PA - 400 EMPLOYEES 185,000 SF Office, Warehouse and Decoration Facility 6 Keosnit Disect. E-commerce capabilities: Fully integrated, single piece p-ship process with automated workflows PLYMOUTH MEETING, PA 35 EMPLOYEES _ In-house photography pity Se mam LCA (EL
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Slide 88: REPREVE
300,000 50,000 REPQ@EVE
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Slide 90: Tony Anzovino, Chief Sourcing & Merchandising Officer
90 Chief Sourcing & Merchandising Officer TONY ANZOVINO
Slide 91: Haggar
HAGGAR UNiri
Slide 92: Haggar Product Line featuring Unifi Fibers
Haggar Product Line featuring Unifi Fibers eClo Stria Dress Pants Life Khaki Cotton Casual Pants Premium Comfort Khaki Sustainable Stretch Chino Premium Stretch H26 Premium Stretch Pant (8.2%) H26 Bronx 5 Pocket (8.0%) H26 Manhattan Casual Pant (13.6%) H26 Weekend Jogger (7.5%) Premium Comfort Dress
Slide 93: Sustainable Partnership Since 2009
Sustainable Partnership Since 2009 Cool 18 Pro since 2016: 20.2 million yds. = 5.9 million lbs. Sorbtek eClo/PCDP since 2009: 31.4 million yds. = 4.1 million lbs. Repreve Others since 2009: 3.1 million yds. = 800k lbs. Unifi fiber Champions of Sustainability Award 2017 93
Slide 94: Total Measured Market – Units – Full Year 2021
Total Measured Market – Units – Full Year 2021 Total Measured Marketing Data Includes: Premium Mid Tier (Kohl's, Macy’s, JCPenney, Belk, Nordstrom, Dillard’s, & Amazon) + Target and Walmart, Club Stores, Athletic/Sporting Goods Stores 94
Slide 95: Dress/Suit Pants Brand Market Share – Units
Dress/Suit Pants Brand Market Share – Units Total Measured Market, Full Year 2021 Source: NPD Retail Tracking Service, Total Measured Market, Full Year 2021, Unit Rank Total Measured Market Data is Point of Sale Data that Includes: Kohl's, Macy’s, JC Penney, Belk, Boscov’s, Nordstrom, Dillard’s, Ama
Slide 96: Dress/Suit Pant Items Market Share – Units
Dress/Suit Pant Items Market Share - Units Total Measured Market, Full Year 2021 Source: NPD Retail Tracking Service, Total Measured Market, Full Year 2021, Unit Rank Total Measured Market Data is Point of Sale Data that Includes: Kohl's, Macy’s, JC Penney, Belk, Boscov’s, Nordstrom, Dillard’s, Amaz
Slide 97: Suit Jacket/Sportscoat Brand Market Share – Units
Suit Jacket/Sportscoat Brand Market Share - Units Total Measured Market, Full Year 2021 Source: NPD Retail Tracking Service, Total Measured Market, Full Year 2021, Unit Rank Total Measured Market Data is Point of Sale Data that Includes: Kohl's, Macy’s, JC Penney, Belk, Boscov’s, Nordstrom, Dillard’
Slide 98: Spring & Fall 2023
Spring & Fall 2023 RE Rew EVE
Slide 99: The Future of Circular Sustainability
The Future of Circular Sustainability 99
Slide 100: Haggar
HAGGAR UNiri
Slide 101: Agenda
101 Agenda WELCOME AND OVERVIEW 6 A.J. Eaker STRATEGY & INNOVATION Al Carey and Eddie Ingle FISCAL 2025 GOALS G Craig Creaturo TOUR / WEBCAST BREAK BRAND TESTIMONIALS Jay Hertwig SUSTAINABILITY Meredith Boyd Q&A Management Team CLOSE Eddie Ingle UNIFL
Slide 102: Sustainability
SUSTAINABILITY 102
Slide 103: Meredith Boyd, SVP of Technology, Innovation & Sustainability
103 SVP of Technology, Innovation & Sustainability MEREDITH BOYD Today's wardrobe includes the following REPREVE-based items: + Fig® Clothing Kinsale Dress * Hanes Eco Smart™ Tights » Rothy's The Point Shoes Uniri
Slide 104: Climate Cannot Wait
104 Climate Cannot Wait Source: livescience.com Source: reuters.com Source: bbc.com Source: washingtonpost.com Source: nytimes.com
Slide 105: Sustainability at Unifi
105 Sustainability at Unifi Inspired by: The Shared Value Opportunity - Harvard Business School Online DO GOOD DO WELL BUSINESS GROWTH POSITIVE IMPACT ON PEOPLE & PLANET
Slide 106: A History of Sustainable Action
A History of Sustainable Action 106
Slide 107: REPREVE Growth
107 REPREVE Growth “~, a REPQ@EVE of total sales Fr Nov. FY21 2017 200 Wh Jun. 2020 UNIFIE.
Slide 108: Customer Sustainability Goals
108 Customer Sustainability Goals 50% RECYCLED POLYESTER BY 2025 100% RECYCLED POLYESTER BY 2025 50% RECYCLED POLYESTER & NYLON BY 2025 50% RECYCLED POLYESTER BY 2025 100% RECYCLED POLYESTER BY 2024 100% KEY MATERIALS 175 Million Recycled Bottles by 2025 100% RECYCLED POLYESTER BY 2025 60% RECYCLED
Slide 109: REPREVE Environmental Impact
109 REPREVE Environmental Impact REPREVE’s Higg Materials Sustainability Index (MSI) Scores Based on REPREVE manufactured in the US
Slide 110: Unifi Sustainability Story
110 Unifi Sustainability Story 30 Billion Bottles Recycled 2021 Sustainability Report
Slide 111: Unifi Sustainability Story
111 Unifi Sustainability Story
Slide 112: Vertical Integration in North Carolina
112 Vertical Integration in North Carolina Zero waste-to-landfill Solar farm
Slide 113: eAFK EvoCooler Texturing Technology
eAFK EvoCooler Texturing Technology 113 Lower Carbon Emissions Estimated 20% energy and emissions reduction Higher Efficiency A Better Environment More comfortable and quieter working environment Process design creates less waste and produces more pounds per hour Sustainability in Action
Slide 114: Beyond the Bottle
114 Beyond the Bottle Expanding textile takeback and recycling technologies Collaboration in designing for circularity According to the 2021 Circularity Gap Report, circular economy strategies can cut global greenhouse gas emissions by 39% A Pathway to Circularity REPREVE Textile Takeback, Yadkinvil
Slide 115: Circularity in Action
Circularity in Action 115 Source: designtex.com Source: girlfriend.com Source: thenorthface.com
Slide 116: REPREVE Our Ocean Certified Supply Chain
REPREVE Our Ocean’ CERTIFIED SUPPLY CHAIN IE THIRD PARTY PROCESS HIUNIFI PROCESS RECYCLE PROCESS 20002 OY on t a) COLLECTION bottles flake bales resin REP@EVE OurOcean ED AGGREGATION FIBERPRINT & SORTING TECHNOLOGY aap 116 UNIFIE.
Slide 117: Source: Chantal Anderson for the New York Times Source: hm.com Jennifer Lopez wearing H&M’s
117 Source: Chantal Anderson for the New York Times Source: hm.com Jennifer Lopez wearing H&M’s oversize puffer jacket
Slide 118: REPREVE SmartDye
REPREVE SmartDye™ SMARTDYE UP @/ ENERGY TO O % SAVINGS REPREVE LCI SAVINGS VS. VIRGIN POLYESTER 44% Reduction in energy consumption 16% Reduction in water consumption 29% Reduction in greenhouse gas emissions 18
Slide 119: Transparent. Traceable. Trusted.
Transparent. Traceable. Trusted. 119
Slide 120: REPREVE U Trust Certification Expansion
Confidential & Proprietary Existing: Fabric New: Product 120 REPREVE U Trust Certification Expansion The U Trust verification program is a comprehensive certification program designed to provide REPREVE customers with a higher level of transparency and validate the authenticity of REPREVE products E
Slide 121: REPREVE "PLUS" – Margin Accretion
121 REPREVE “PLUS” – Margin Accretion Higher margins for multifaceted products Enhanced defensibility from competitors Maximization of sustainable benefits
Slide 122: Working Together for the Good of Tomorrow
122 Working Together for the Good of Tomorrow
Slide 123: Unifi
uniri
Slide 124: Billion Bottles Recycled Goal: Dec. 2025
50 Billion —>» GOAL: Dec. 2025 Target i 30 Billion + Nov. 2021 BILLION BOTTLES RECYCLED BY DEC. 2025
Slide 125: Sustainability at Unifi
SUSTAINABILITY AT UNIT ill be accomplished by leading the eollaberation and wansparency across f recycied inputs via REPREVE (Our sustainability vision wi our industry, along with expanding the use of Planet Strategic investments to by December 2028 OY... Pursue zerowaste Expand the scale of tamale
Slide 126: Working Today for the Good of Tomorrow
126 WORKING TODAY FOR THE GOOD OF TOMORROW
Slide 127: Agenda
127 Agenda WELCOME AND OVERVIEW 6 BRAND TESTIMONIALS AJ. Eaker Jay Hertwig STRATEGY & INNOVATION Al Carey and Eddie Ingle SUSTAINABILITY Meredith Boyd FISCAL 2025 GOALS 7) Q&A Craig Creaturo Management Team CLOSE Eddie Ingle TOUR / WEBCAST BREAK UNIFL
Slide 128: Appendix
APPENDIX 128
Slide 129: Historical Financials and Non-GAAP Reconciliations
129 Appendix - Historical Financials and Non-GAAP Reconciliations (dollars in thousands, except per share amounts) * * * * * * Non-GAAP financial measures; reconciliations follow.
Slide 130: Adjusted Net Income (Loss) & Adjusted EPS
Adjusted Net Income (Loss) & Adjusted EPS Footnote explanations are provided on the next slide. (dollars in thousands, except per share amounts) 130
Slide 131: Adjusted Net Income (Loss) & Adjusted EPS (cont.)
Adjusted Net Income (Loss) & Adjusted EPS (cont.) Footnote explanations for previous slide detailing Adjusted Net Income (Loss) & Adjusted EPS reconciliations: (dollars in thousands, except per share amounts) 131
Slide 132: Adjusted EBITDA
Adjusted EBITDA (dollars in thousands) 132
Slide 133: Adjusted Working Capital
Adjusted Working Capital (dollars in thousands) 133
Slide 134: Net Debt
Net Debt (dollars in thousands) 134
Slide 135: Geographic Sales
135 Geographic Sales * This data omits All Other category revenue. FY 2020 and FY 2021 amounts are as reported, FY 2022 and FY 2025 amounts are estimated. NACA = North America and Central America.