Bluelinx Holdings Inc. · NYSE:BXC
Bluelinx — Q4 2015 Earnings Presentation
11 slides from Bluelinx's earnings presentation, Mar 24, 2016
Slide 1: BlueLinx Quarterly Review Fourth Quarter 2015
BlueLinx Quarterly Review Fourth Quarter 2015
Slide 2: Forward-Looking Statement Safe Harbor
2 Forward-Looking Statement Safe Harbor - This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to our ability to return to profitability, and our guidance regarding anticipated financial res
Slide 3: Susan O'Farrell, Chief Financial Officer and Treasurer
3 Susan O’Farrell Chief Financial Officer and Treasurer
Slide 4: Executive Summary – Fourth Quarter Results
4 Executive Summary – Fourth Quarter Results • Anticipate successful completion of the Company's real estate, ABL and Tranche A loan extensions in the immediate future • Adjusted EBITDA of $4.2 million, an increase of 121% from fourth quarter 2014 • Revenue of $428.2 million • Gross margin up 105 ba
Slide 5: Revenue and Gross Margin
5 2015 2014 2015 2014 in millions Q4 Q4 YTD YTD Net sales $ 428.2 $ 454.1 $ 1,916.6 $ 1,979.4 Gross profit $ 51.5 $ 49.8 $ 222.5 $ 229.1 Gross margin 12.02 % 10.97 % 11.61 % 11.57 % Revenue and Gross Margin • In Q4 2015, sales were impacted by structural pricing decreases of approximately $23 millio
Slide 6: Operating Expenses
6 2015 2014 2015 2014 in millions Q4 Q4 YTD YTD Selling, general, and administrative $ 45.3 $ 48.1 $ 195.9 $ 211.3 Gains from sales of property — — — (5.3 ) Depreciation and amortization 2.6 2.3 9.7 9.5 Total operating expenses $ 47.9 $ 50.4 $ 205.6 $ 215.5 Operating Expenses • Selling, General & Ad
Slide 7: Cash Flows
7 Cash Flows Year-to-Date Operating Cash Utilization Improved $52.2 million from prior year; Net cash generated of $39.9 million; first positive cash flow since 2009 • Working capital (A/R plus Inventory less A/P & Outstanding checks) improved by $32.7 million • TTM Cash Cycle at 64 days, a one day
Slide 8: Mitch Lewis, Chief Executive Officer
8 Mitch Lewis Chief Executive Officer
Slide 9: Key Emphasis for BlueLinx
9 Key Emphasis • Current market conditions • Focus on facility monetization • Inventory management and planning improvements, including strategic product assortment • Continue margin enhancement activities • Reverse stock split Key Emphasis for BlueLinx
Slide 10: Reverse Stock Split
10 Reverse Stock Split • Announced on December 14, 2015 Board of Director approval for a 1-for-10 reverse stock split of the Company’s common stock • Seeking shareholder approval of the reverse stock split at 2016 annual stockholder’s meeting to be held in May • Reverse stock split will likely resul
Slide 11: www.BlueLinxco.com
www.BlueLinxco.com