Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q4 FY2019 Earnings Presentation
13 slides from Unifi, Inc. New's earnings presentation, Aug 7, 2019
Slide 1: Fourth Quarter and Fiscal Year Ended June 30, 2019 Conference Call Presentation
Fourth Quarter and Fiscal Year Ended June 30, 2019 (Unaudited Results) August 7, 2019 Conference Call Presentation 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 expect
Slide 3: Update on Recent Trade Actions
UPDATE ON RECENT TRADE ACTIONS Antidumping and countervailing duty petitions are filed with regards to polyester textured yarn imported from China and India into the U.S. U.S. Department of Commerce announces preliminary countervailing duties and affirms critical circumstances on polyester textured
Slide 4: Consolidated Net Income and Diluted EPS – Q4 FY18 to Q4 FY19
CONSOLIDATED NET INCOME AND DILUTED EPS – Q4 FY18 TO Q4 FY19 (dollars in millions, except per share amounts) When comparing Net income and Diluted Earnings Per Share (“EPS”) from Q4 FY18 to Q4 FY19 and using a 30% effective tax rate for items 2 through 5, after adjustment for the $3.4 benefit descri
Slide 5: Consolidated Gross Margin – Q4 FY18 to Q4 FY19
CONSOLIDATED GROSS MARGIN – Q4 FY18 TO Q4 FY19 When comparing consolidated gross margin from Q4 FY18 to Q4 FY19: 1 The Polyester Segment was adversely impacted by competitive pressures from yarn imports into the U.S., contributing to a weaker sales mix and lower fixed cost absorption. However, the P
Slide 6: Net Sales and Gross Profit Highlights
NET SALES AND GROSS PROFIT HIGHLIGHTS1 2 (dollars in thousands) Three-Month Comparison (Q4 FY18 vs. Q4 FY19) 1 Excluding the “All Other” category; see reconciliations on slide 12. 2 Gross profit for the Polyester and Asia Segments reflect the Company’s update to segment profitability in the fourth q
Slide 7: Equity Affiliates Highlights
EQUITY AFFILIATES HIGHLIGHTS (dollars in thousands) 1 Equity affiliate distributions are accounted for in the balance sheet, as a reduction of the investment balance in the corresponding equity affiliate, and such distributions are not impactful to the consolidated statement of income.
Slide 8: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS (dollars in thousands) Working Capital and Adjusted Working Capital Net Debt and Total Liquidity
Slide 9: Fiscal 2020 Outlook
For Fiscal 2020, the Company anticipates the following outlook, assuming no significant volatility in raw material costs: Metric Guidance Sales volumes High-single-digit percentage growth from fiscal 2019 Net sales Mid-single-digit percentage growth from fiscal 2019 Operating income Between $22.0 mi
Slide 10: Appendix
APPENDIX UNIFI
Slide 11: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA
NON-GAAP RECONCILIATIONS (dollars in thousands) EBITDA and Adjusted EBITDA
Slide 12: Other Reconciliations
OTHER RECONCILIATIONS (dollars in thousands) Consolidated Net Sales Consolidated Gross Profit 1 As presented on slide 6.
Slide 13: Thank You!
Thank You! Fs UNIrL