Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q1 FY2021 Earnings Presentation
10 slides from Unifi, Inc. New's earnings presentation, Oct 26, 2020
Slide 1: First Quarter Ended September 27, 2020 Conference Call Presentation
First Quarter Ended September 27, 2020 (Unaudited Results) October 27, 2020 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 expe
Slide 3: Revenue rebounded 64% from Q4 fiscal 2020 levels
Revenue rebounded 64% from Q4 fiscal 2020 levels Recovery speed by geography (strongest first) Brazil – highest quarterly sales volume on record Asia – effective cost management North / Central America – sustainability interest grows Recovery speed by market (strongest first) Automotive Apparel Furn
Slide 4: Net Sales Overview (Sequential Quarter)
NET SALES OVERVIEW (SEQUENTIAL QUARTER) (dollars in thousands) Three-Month Comparison (Q4 FY20 vs. Q1 FY21) 1 Approximates the impact of foreign currency translation. nm – Not meaningful
Slide 5: Net Sales Overview (Year-over-Year)
NET SALES OVERVIEW (YEAR-OVER-YEAR) Three-Month Comparison (Q1 FY20 vs. Q1 FY21) 1 Approximates the impact of foreign currency translation. nm – Not meaningful Note: The “Prior Period” ended on September 29, 2019. The “Current Period” ended on September 27, 2020. The Prior Period and the Current Per
Slide 6: Gross Profit Overview (Sequential Quarter)
nm – Not meaningful Three-Month Comparison (Q4 FY20 vs. Q1 FY21) GROSS PROFIT OVERVIEW (SEQUENTIAL QUARTER) (dollars in thousands)
Slide 7: Gross Profit Overview (Year-over-Year)
nm – Not meaningful Note: The “Prior Period” ended on September 29, 2019. The “Current Period” ended on September 27, 2020. The Prior Period and the Current Period each contained 13 fiscal weeks. Three-Month Comparison (Q1 FY20 vs. Q1 FY21) (dollars in thousands) GROSS PROFIT OVERVIEW (YEAR-OVER-YEA
Slide 8: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS (dollars in millions) Net Debt Continued diligence around balance sheet during initial recovery stages Capital allocation strategy remains balanced and focused on: Capital expenditures Acquisitions Debt reduction Share repurchases
Slide 9: Building on Q1 2021 Momentum to Navigate the Recovery
The initial recovery in net sales and profitability in the first quarter of fiscal 2021 appears consistent with the improvements in the apparel industry, in spite of the lingering challenges of COVID-19; Entering the second quarter of fiscal 2021, net sales trends are encouraging and are expected to
Slide 10: Thank You!
Thank You! UNIrL