Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q2 FY2018 Earnings Presentation
16 slides from Unifi, Inc. New's earnings presentation, Jan 25, 2018
Slide 1: Second Quarter Ended December 24, 2017 Conference Call Presentation
Second Quarter Ended December 24, 2017 (Unaudited Results) Conference Call Presentation January 25, 2018 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 Income – Q2 FY17 to Q2 FY18
Consolidated Net Income – Q2 FY17 to Q2 FY18 When comparing Net income attributable to Unifi, Inc. from Q2 FY17 to Q2 FY18 using the Q2 FY17 effective tax rate of 30.6%: 1 Approximates the loss on the sale of the Company’s historical investment in Repreve Renewables, LLC incurred in Q2 FY17. 2 Appro
Slide 4: Consolidated Diluted EPS – Q2 FY17 to Q2 FY18
Consolidated Diluted EPS – Q2 FY17 to Q2 FY18 When comparing Diluted EPS from Q2 FY17 to Q2 FY18 using the Q2 FY17 effective tax rate of 30.6%: 1 Approximates the loss on the sale of the Company’s historical investment in Repreve Renewables, LLC incurred in Q2 FY17. 2 Approximates the change in cons
Slide 5: Net Sales and Gross Profit Highlights
Net Sales and Gross Profit Highlights1 1 Excluding the “All Other” category; see reconciliations on slide 15. 2 Represents the impact of foreign currency translation. Note: The “Prior Period” ended on December 25, 2016. The “Current Period” ended on December 24, 2017. (dollars in thousands) Three-Mo
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 Net Debt and Total Liquidity (dollars in thousands) Working Capital and Adjusted Working Capital
Slide 8: Fiscal 2018 Guidance
Fiscal 2018 Guidance Based on the Company’s most recent results and a rapid increase in raw material costs, the Company has updated its fiscal 2018 outlook, as reflected below: Metric Previous Guidance Revised Guidance Sales volumes Growth Growth Net sales Low-single digit percentage growth Low- to
Slide 9: Appendix
APPENDIX a ie
Slide 10: Net Sales and Gross Profit Highlights – Six-Month Comparison
Net Sales and Gross Profit Highlights1 1 Excluding the “All Other” category; see reconciliations on slide 15. 2 Represents the impact of foreign currency translation. Note: The “Prior Period” ended on December 25, 2016. The “Current Period” ended on December 24, 2017. (dollars in thousands) Six-Mont
Slide 11: Consolidated Net Income – YTD FY17 to YTD FY18
Consolidated Net Income – YTD FY17 to YTD FY18 When comparing Net income attributable to Unifi, Inc. from YTD FY17 to YTD FY18 using the YTD FY17 effective tax rate of 29.5%: 1 Approximates the loss on the sale of the Company’s historical investment in Repreve Renewables, LLC incurred in Q2 FY17. 2
Slide 12: Consolidated Diluted EPS – YTD FY17 to YTD FY18
Consolidated Diluted EPS – YTD FY17 to YTD FY18 When comparing Diluted EPS from YTD FY17 to YTD FY18 using the YTD FY17 effective tax rate of 29.5%: 1 Approximates the loss on the sale of the Company’s historical investment in Repreve Renewables, LLC incurred in Q2 FY17. 2 Approximates the change in
Slide 13: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliations (dollars in thousands) EBITDA and Adjusted EBITDA
Slide 14: Non-GAAP Reconciliations (Continued): Adjusted Net Income and EPS
Non-GAAP Reconciliations (Continued) (dollars in thousands) Adjusted Net Income and Adjusted EPS
Slide 15: Other Reconciliations
Other Reconciliations (dollars in thousands) Consolidated Net Sales Consolidated Gross Profit 1 As presented on slides 5 and 10.
Slide 16: Thank You!
Thank You! a ie