Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q3 FY2019 Earnings Presentation
12 slides from Unifi, Inc. New's earnings presentation, May 1, 2019
Slide 1: Third Quarter Ended March 31, 2019 Conference Call Presentation
Third Quarter Ended March 31, 2019 (Unaudited Results) May 1, 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: Consolidated Net (Loss) Income and EPS – Q3 FY18 to Q3 FY19
CONSOLIDATED NET (LOSS) INCOME AND EPS – Q3 FY18 TO Q3 FY19 (dollars in millions, except per share amounts) When comparing Net (loss) income and (Loss) Earnings Per Share (“EPS”) from Q3 FY18 to Q3 FY19 and using a 30% effective tax rate for items 1 through 4: 1 Approximates the change in consolidat
Slide 4: Consolidated Gross Margin – Q3 FY18 to Q3 FY19
CONSOLIDATED GROSS MARGIN – Q3 FY18 TO Q3 FY19 When comparing consolidated gross margin from Q3 FY18 to Q3 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. 2 The Nylon Se
Slide 5: Net Sales and Gross Profit Highlights
NET SALES AND GROSS PROFIT HIGHLIGHTS1 (dollars in thousands) Three-Month Comparison (Q3 FY18 vs. Q3 FY19) 1 Excluding the “All Other” category; see reconciliations on slide 11. 2 Approximates the impact of foreign currency translation. Note: The “Prior Period” ended on March 25, 2018. The “Current
Slide 6: 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 7: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS (dollars in thousands) Working Capital and Adjusted Working Capital Net Debt and Total Liquidity
Slide 8: Fiscal 2019 Outlook
Fiscal 2019 contains 53 fiscal weeks, with the additional week included in the first fiscal quarter. In consideration of profitability pressures from raw material costs, import pressures, suppressed demand in certain regions and a weaker sales mix, the Company anticipates the following outlook: Metr
Slide 9: Appendix
APPENDIX UNIFI
Slide 10: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA
NON-GAAP RECONCILIATIONS (dollars in thousands) EBITDA and Adjusted EBITDA
Slide 11: Other Reconciliations
OTHER RECONCILIATIONS (dollars in thousands) Consolidated Net Sales Consolidated Gross Profit 1 As presented on slide 5.
Slide 12: Thank You!
Thank You! 2 UNIrL