10 slides from Unifi, Inc. New's earnings presentation, Feb 3, 2011
Slide 1: Unifi, Inc. Second Quarter Conference Call
Unifi, Inc. For the Second Quarter Ended December 26, 2010 Conference Call
Slide 2: Cautionary Statement
2 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 current expectations, estimates and projecti
Slide 3: Income Statement Highlights - Quarter
3 Income Statement Highlights (Amounts in Thousands, Except Percentages) (Unaudited) Unifi, Inc. Second Qtr. Conf. Call February 3, 2011 Net sales 160,802 $ 100.0% 142,255 $ 100.0% Gross profit 19,081 11.9% 17,336 12.2% Selling, general and administrative expense 10,752 6.7% 12,152 8.5% Operating pr
Slide 4: Income Statement Highlights - Six Months
4 Income Statement Highlights (Amounts in Thousands, Except Percentages) (Unaudited) Unifi, Inc. Second Qtr. Conf. Call February 3, 2011 Net sales 334,822 $ 100.0% 285,106 $ 100.0% Gross profit 40,244 12.0% 36,742 12.9% Selling, general and administrative expense 21,879 6.5% 23,316 8.2% Operating pr
Slide 5: Volume and Pricing Highlights
5 Volume and Pricing Highlights (Unaudited) Unifi, Inc. Second Qtr. Conf. Call February 3, 2011 Volume Price Volume Price Polyester 12.5% 6.6% 12.3% 9.4% Nylon 3.5% - -7.1% 13.1% - -7.3% Consolidated 11.5% 1.6% 12.4% 5.0% Volume Price Polyester - -2.0% - -2.3% Nylon - -13.3% - -3.8% Consolidated - -
Slide 6: Balance Sheet
6 Balance Sheet Highlights (Amounts in Thousands, Except Percentages) (Unaudited) Unifi, Inc. Second Qtr. Conf. Call February 3, 2011 December 26, September 26, June 27, December 27, 2010 2010 2010 2009 Cash 33,185 $ 26,274 $ 42,691 $ 54,442 $ Restricted Cash - - - - - - 3,609 Total Cash 33,185 $ 26
Slide 7: Equity Affiliates
7 Equity Affiliates Highlights (Amounts in Thousands) (Unaudited) Unifi, Inc. Second Qtr. Conf. Call February 3, 2011 December 26, 2010 December 27, 2009 December 26, 2010 December 27, 2009 Earnings (Losses) Parkdale America (34%) 4,424 $ 1,724 $ 13,057 $ 4,076 $ Other 600 141 1,195 318 Intercompany
Slide 8: Adjusted EBITDA
8 Adjusted EBITDA (Amounts in Thousands) (Unaudited) Unifi, Inc. Second Qtr. Conf. Call February 3, 2011 December 26, December 27, December 26, December 27, 2010 2009 2010 2009 Net income 5,385 $ 1,953 $ 15,620 $ 4,442 $ Provision for income taxes 1,854 1,124 4,371 3,659 Interest expense, net 4,394
Slide 9: Non-GAAP Financial Measures
9 Non-GAAP Financial Measures Unifi, Inc. Second Qtr. Conf. Call February 3, 2011 Non-GAAP Financial Measures Included in this presentation are certain non-GAAP financial measures designed to complement the financial information presented in accordance with generally accepted accounting principles i
Slide 10: Non-GAAP Financial Measures - continued
10 Non-GAAP Financial Measures - continued Our Adjusted EBITDA measure has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are: • it does not reflect our cash expenditures,