11 slides from Unifi, Inc. New's earnings presentation, Oct 23, 2014
Slide 1: Preliminary Results For the First Quarter Ended September 28, 2014
Unifi, Inc. Preliminary Results For the First Quarter Ended September 28, 2014 Conference Call Slide Presentation Exhibit 99.2
Slide 2: Cautionary Statement
Cautionary Statement Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of Unifi, Inc. (the “Company”) that are based on management’s beliefs, assumptions and expectations about o
Slide 3: Net Sales and Gross Profit Highlights
Net Sales and Gross Profit Highlights (Amounts in Thousands, Except Percentages) Unifi, Inc. First Qtr. Conf. Call October 23, 2014 (Unaudited) Quarter over Quarter For the Three Months Ended September 28, 2014 vs. September 29, 2013 Volume Price Net Sales: Polyester (4.2%) 3.6% Nylon 10.2% 2.4% Int
Slide 4: Income Statement
Income Statement Highlights (Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. First Qtr. Conf. Call October 23, 2014 (Unaudited) For the Three Months Ended September 28, 2014 September 29, 2013 Net sales $174,182 100.0% $168,669 100.0% Gross profit 20,955 12.0% 19,985 11.8
Slide 5: Equity Affiliates
Equity Affiliates Highlights (Amounts in Thousands, Except Percentages) Unifi, Inc. First Qtr. Conf. Call October 23, 2014 (Unaudited) For the Three Months Ended September 28, 2014 September 29, 2013 Earnings: Parkdale America (34%) $3,404 $5,915 Other 317 208 Total $3,721 $6,123 Distributions: Park
Slide 6: Reconciliations of Net Income to Adjusted EBITDA
Reconciliations of Net Income to Adjusted EBITDA (Amounts in Thousands) Unifi, Inc. First Qtr. Conf. Call October 23, 2014 (Unaudited) For the Three Months Ended September 28, 2014 September 29, 2013 Net income attributable to Unifi, Inc. $7,077 $8,870 Provision for income taxes 4,161 5,751 Interest
Slide 7: Working Capital
Working Capital Highlights (Amounts in Thousands) Unifi, Inc. First Qtr. Conf. Call October 23, 2014 (Unaudited) September 28, 2014 June 29, 2014 June 30, 2013 Receivables, net $92,702 $93,925 $98,392 Inventories 114,024 113,370 110,667 Accounts payable (46,682) (51,364) (45,544) Accrued expenses (1
Slide 8: Capital Structure
Capital Structure (Amounts in Thousands) Unifi, Inc. First Qtr. Conf. Call October 23, 2014 (Unaudited) September 28, 2014 June 29, 2014 June 30, 2013 ABL Revolver $16,300 $26,000 $52,500 ABL Term Loan 90,000 68,000 42,800 Other 5,280 5,488 2,453 Total debt $111,580 $99,488 $97,753 Cash 15,792 15,90
Slide 9: Key Dates
Key Dates Unifi, Inc. First Qtr. Conf. Call October 23, 2014 (Unaudited) Form 10-Q for the fiscal quarter ended September 28, 2014 Filing due on or before Friday, November 7, 2014 Annual Investor Update Meeting Thursday, November 6, 2014 from 1pm to 3pm EST The New York Stock Exchange Contact: Amber
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures Certain non-GAAP financial measures included herein are designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America ("GAAP") because management believes such measures are useful to
Slide 11: Non-GAAP Financial Measures - continued
Non-GAAP Financial Measures - continued In evaluating EBITDA, Adjusted EBITDA Including Equity Affiliates, and Adjusted EBITDA, you should be aware that in the future, we may incur expenses similar to the adjustments included herein. Our presentation of EBITDA, Adjusted EBITDA Including Equity Affil