Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q4 FY2017 Earnings Presentation
13 slides from Unifi, Inc. New's earnings presentation, Jun 25, 2017
Slide 1: Conference Call Presentation
Conference Call Presentation Fourth Quarter and Fiscal Year Ended June 25, 2017 (Unaudited Results)
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 expect
Slide 3: Consolidated Net Income – Q4 FY16 to Q4 FY17
Consolidated Net Income – Q4 FY16 to Q4 FY17 (dollars in millions) 1 2 3 When comparing Net income attributable to Unifi, Inc. from Q4 FY16 to Q4 FY17 on an after-tax basis: 1 Approximates normalizing for key employee transition costs incurred in Q4 FY16. 2 Approximates the change in the Company’s s
Slide 4: Consolidated Net Income – FY16 to FY17
Consolidated Net Income – FY16 to FY17 (dollars in millions) 1 2 3 5 6 7 4 When comparing Net income attributable to Unifi, Inc. from FY16 to FY17 on an after-tax basis: 1 Approximates normalizing for key employee transition costs incurred in FY16. 2 Approximates the loss on the sale of the investme
Slide 5: Net Sales and Gross Profit Highlights (Three-Month)
1 Net Sales and Gross Profit Highlights (dollars in thousands) Three-Month Comparison (Q4 2016 vs. Q4 2017) Net Sales Polyester * Nylon * International * Subtotal 1 Prior Period $ 95,150 $ 29,777 $ 37,279 $ 162,206 Volume Change 6.4% (3.5%) 29.2% 13.1% Price Change (7.5%) 0.6% (2.8%) (8.2%) Current
Slide 6: Net Sales and Gross Profit Highlights (Twelve-Month)
1 Net Sales and Gross Profit Highlights (dollars in thousands) Twelve-Month Comparison (Fiscal 2016 vs. Fiscal 2017) Net Sales Polyester * Nylon * International * Subtotal 1 Prior Period $ 383,167 $ 131,715 $ 122,554 $ 637,436 Volume Change 1.6% (12.1%) 38.0% 11.3% Price Change (8.8%) (2.3%) 3.7% (1
Slide 7: Equity Affiliates Highlights
Equity Affiliates Highlights (dollars in thousands) For the Three Months Ended For the Fiscal Year Ended June 25, 2017 June 26, 2016 June 25, 2017 June 26, 2016 Pre-Tax Earnings: Parkdale America, LLC $ 1,809 $ 860 $ 2,723 $ 6,074 Nylon joint ventures 348 773 1,507 2,889 Total $ 2,157 $ 1,633 $ 4,23
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights (dollars in thousands) Working Capital and Adjusted Working Capital June 25, 2017 March 26, 2017 June 26, 2016 Cash and cash equivalents $ 35,425 $ 30,231 $ 16,646 Receivables, net 81,121 87,249 83,422 Inventories 111,405 109,647 103,532 Other current assets 15,686 18,321 8,
Slide 9: Appendix
APPENDIX ae “ie
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations (dollars in thousands) Adjusted EBITDA For the Three Months Ended For the Fiscal Year Ended June 25, 2017 June 26, 2016 June 25, 2017 June 26, 2016 Net income attributable to Unifi, Inc. $ 9,704 $ 10,237 $ 32,875 $ 34,415 Interest expense, net 1,085 713 3,030 2,884 Provision
Slide 11: Non-GAAP Reconciliations (Continued)
Non-GAAP Reconciliations (Continued) (dollars in thousands) Adjusted Net Income and Adjusted EPS For the Three Months Ended June 25, 2017 For the Three Months Ended June 26, 2016 Pre-tax Pre-tax Income Tax Impact Net Income Basic EPS Income Tax Impact Net Income Basic EPS GAAP results $ 14,121 $ (4,
Slide 12: Other Reconciliations
Other Reconciliations (dollars in thousands) Consolidated Net Sales For the Three Months Ended For the Fiscal Year Ended June 25, 2017 June 26, 2016 June 25, 2017 June 26, 2016 1 Subtotal of Net Sales by Segment $ 170,166 $ 162,206 $ 642,130 $ 637,436 Net Sales for All Other Category 1,084 1,652 5,1
Slide 13: Thank You!
VE RECYCLING CENTER REP. Thank You!