Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Q3 2023 Earnings Presentation
10 slides from Unifi, Inc. New's earnings presentation, May 4, 2023
Slide 1: Conference Call Presentation: Third Quarter Ended April 2, 2023
Exhibit 99.2 CONFERENCE CALL PRESENTATION Third Quarter Ended April 2, 2023 (Unaudited Results) 1
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS 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 expec
Slide 3: Q3 Fiscal 2023 Overview
Q3 FISCAL 2023 OVERVIEW (compared to Q2 Fiscal 2023) Revenue Diluted EPS Adj. EBITDA(1) REPREVE Fiber % of Sales $156.7M ($0.29) $5.0M vs. vs. vs. 32% vs. $136.2M ($1.00) ($13.0M) 31% Sequential improvement signals the beginning of apparel production recovery and indicates the worst may be in the
Slide 4: REPREVE Fiber Sales
REPREVE FIBER SALES as a % of Net Sales and Millions of $s Annual Quarterly 37% 36% 40% 38% 38% % of Net Sales % of Net Sales 37% 36% 31% 36% 34% 31% 31% 32% 25% 27% 24% $163 $180 $186 $246 $293 $51.6 $62.5 $61.7 $70.0 $71.9 $81.5 $71.9 $67.7 $49.2 $42.9 $49.6 2018 2019 2020 2021 2022 Q1 Q2 Q3 Q4 Q1
Slide 5: Net Sales Overview (Year-Over-Year)
NET SALES OVERVIEW Year-Over-Year, $s in Millions Consolidated Americas Brazil Asia $200.8 $156.7 $119.7 $101.9 $51.3 $29.8 $27.4 $27.4 ↓21.9% ↓14.9% ↓8.0% ↓46.5% Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Volume (21.9%) Volume (9.6%) Volume 14.9% Volume (48.2%) Price/Mix 1.7% P
Slide 6: Gross Profit Overview (Year-Over-Year)
GROSS PROFIT OVERVIEW Year-Over-Year, $s in Millions Consolidated Americas Brazil Asia 35.00% $19.1 25.00% 15.00% $5.7 $6.0 $7.4 5.00% 9.5% 6.2% -5.00% 4.8% 3.1% 20.1% 14.4% 15.0% $9.7 -15.00% $3.2 8.7% $4.1 -25.00% -35.00% $2.4 -45.00% -55.00% Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22
Slide 7: Net Sales Overview (Quarter-Over-Quarter)
NET SALES OVERVIEW Quarter-Over-Quarter, $s in Millions Consolidated Americas Brazil Asia $156.7 $136.2 $101.9 $85.2 $25.7 $27.4 $25.3 $27.4 ↑15.1% ↑19.6% ↑6.6% ↑8.4% Q2 FY23 Q3 FY23 Q2 FY23 Q3 FY23 Q2 FY23 Q3 FY23 Q2 FY23 Q3 FY23 Volume 11.0% Volume 18.0% Volume 8.6% Volume 1.2% Price/Mix 3.2% Pric
Slide 8: Gross Profit Overview (Quarter-Over-Quarter)
GROSS PROFIT OVERVIEW Quarter-Over-Quarter, $s in Millions Consolidated Americas Brazil Asia 30.00% $9.7 20.00% 10.00% 0.00% $3.2 6.2% 8.7% -10.00% 5.2% $4.1 -5.9% -20.00% 3.1% $3.8 -15.3% $2.4 -$8.0 -30.00% -40.00% $1.3 14.8% 15.0% -50.00% -$13.1 Q2 FY23 Q3 FY23 Q2 FY23 Q3 FY23 Q2 FY23 Q3 FY23 Q2 F
Slide 9: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS $s in Millions Capital allocation strategy remains balanced across: $150 1 Organic FYs 2021, 2022, and 2023: $130 Growth New texturing equipment Debt Principal $110 2 Balanced FYs 2021, 2022, and 2023: Leverage Balance sheet diligence $90 Net Debt 3 FY 2022: Share $70 615,50
Slide 10: Q4 Fiscal 2023 Financial Outlook
Q4 FISCAL 2023 FINANCIAL OUTLOOK $s in Millions Key Financial Metrics Q3 FY23 Results Q4 FY23 Outlook Net Sales $156.7 Generally consistent Adj. EBITDA(1) $5.0 Generally consistent Effective Tax Rate - 28% Continued Volatility Capital Expenditures $8.5 Trend downward Remain Focused on Long-Term Grow