Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Q1 2025 Earnings Presentation
15 slides from Unifi, Inc. New's earnings presentation, Oct 31, 2024
Slide 1: (Amounts and dollars in millions, unless otherwise noted)
Exhibit 99.2 (Amounts and dollars in millions, unless otherwise noted)
Slide 2: Cautionary Statements
Cautionary Statements 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 expec
Slide 3: Today's Speakers
Today’s Speakers Al Carey Eddie Ingle A.J. Eaker Executive Chairman CEO and Director EVP, CFO, and Treasurer 3
Slide 4: Q1 Fiscal 2025 Overview
Q1 Fiscal 2025 Overview (compared to Q1 Fiscal 2024) Consolidated Revenue EPS 1. Performance improvement in both Americas and Brazil Segments vs. prior year $147.4M ($0.42) (+6.1%) (+42.5%) 2. Innovation focus and strategic plan support return Adjusted REPREVE® Fiber to growth in fiscal 2025 and bey
Slide 5: REPREVE Fiber Sales
REPREVE® Fiber Sales As a % of Net Sales Quarterly Annual 37% 36% 33% 34% 31% 32% 31% 31% 31% 32% 29% 30% 30% 27% $53.6 $44.7 $49.2 $42.9 $49.6 $44.5 $42.5 $45.7 $46.8 $180 $186 $186 $186 $246 $246 $293 $293 $293 $186 $186 $186 $189 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 2022 2023 2024 FY 2023 FY 2024
Slide 6: Marketing Highlights
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Slide 7: Consolidated Highlights
Consolidated Highlights Q1 Q4 QoQ Q1 YoY FY25 FY24 Change FY24 Change Net Sales $147.4 $157.5 (6.4)% $138.8 6.1% Gross Profit $9.5 $10.8 (12.4)% ($0.6) 1,745% (Loss) Gross Margin 6.4% 6.9% (50) bps (0.4)% 680 bps Highlights/Drivers • Net sales and gross profit increased vs. prior year, primarily due
Slide 8: Americas Highlights
Americas Highlights Q1 Q4 QoQ Q1 YoY FY25 FY24 Change FY24 Change Net Sales $86.3 $91.0 (5.2)% $81.6 5.8% Gross (Loss) ($1.4) $0.0 nm ($7.4) 81.3% Profit Gross Margin (1.6)% 0.0% (160) bps (9.0)% 740 bps Highlights/Drivers • Net sales and gross profit increased vs. prior year, primarily due to highe
Slide 9: Brazil Highlights
Brazil Highlights Q1 Q4 QoQ Q1 YoY FY25 FY24 Change FY24 Change Net Sales $34.3 $32.2 6.4% $29.9 14.7% Gross Profit $7.9 $5.6 41.4% $2.2 266.3% Gross Margin 23.1% 17.4% 570 bps 7.2% nm Highlights/Drivers • Net sales and gross profit increased vs. prior year, primarily due to higher volumes due to ma
Slide 10: Asia Highlights
Asia Highlights Q1 Q4 QoQ Q1 YoY FY25 FY24 Change FY24 Change Net Sales $26.8 $34.2 (21.7)% $27.4 (2.1)% Gross Profit $2.9 $5.2 (44.0)% $4.6 (37.5)% Gross Margin 10.8% 15.1% (430) bps 17.0% (620) bps Highlights/Drivers • Net sales and gross profit decreased vs. prior year, primarily due to unfavorab
Slide 11: Balance Sheet
Balance Sheet $4 FCF ($4) ($1) ($8) ($15) Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 $40 $36 CapEx $11 < $12 FY22 FY23 FY24 FY25E $118 $90 $97 $101 $103 Net Debt1 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 $209 $187 $174 $172 $175 Working Capital Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 11 1 Net Debt is a
Slide 12: Q1 2025 Financial Outlook
Q1 2025 Financial Outlook Continued Focused on Long-Term Growth Q2 FY24 Results Q2 FY25 Outlook Net Sales $136.9 $140.0 to $145.0 Adjusted EBITDA1 ($5.5) $(4.0) to $(2.0) Effective Tax Rate (2.0)% Continued Volatility Capital Expenditures $3.0 $4.0 to $5.0 12 1 Adjusted EBITDA is a non-GAAP financia
Slide 13: Fiscal 2025 Outlook
Fiscal 2025 Outlook Well Positioned to Realize Profitable Growth Opportunities in Fiscal 2025 Net sales expected to increase 10% over fiscal 2024, as underlying portfolio and REPREVE® Fiber momentum continues while macroeconomic and inflationary uncertainties remain pronounced until calendar 2025.
Slide 14: Fiscal 2025 Priorities
Fiscal 2025 Priorities Prepared to Pivot to Growth Transforming the sales process, including pricing, to streamline 1. operational efficiencies and drive margin improvement. Scrutinizing working capital to reduce interest expense and improve 2. cash flows. Leveraging the realignment of resources and
Slide 15: Contact Investor Relations
Contact Investor Relations: UFI@alpha-ir.com 15 15