Tandy Leather Factory, Inc. · NASDAQ:TLF
Tandy Leather Factory — Q2 2022 Earnings Presentation
11 slides from Tandy Leather Factory's earnings presentation, Aug 17, 2022
Slide 1: Q2 2022 Management Discussion of Financial Results
Q2 2022 MANAGEMENT DISCUSSION OF FINANCIAL RESULTS
Slide 2: Forward-Looking Statements
2 Today’s presentation will include statements, other than historical results, that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, each as amended. These statements reflect our expectations or estimates based on the inf
Slide 3: Financial Snapshot – Q2 2022
3 Financial Snapshot – 2022 Q2 2022 SALES GROSS MARGIN PROFIT BALANCE SHEET SHARE BUY-BACKS $18.4MM (0.8%) vs 2021 57.0% ($0.7MM) operating loss ($0.1MM) adjusted EBITDA(1) $5.6MM cash $40.1MM inventory no debt 360k shares 4.2% of total shares $5.00 average price per share Year-to-date $38.9MM (2.6%
Slide 4: Sales Q2 2022
4 Sales Q2 2022 2022 Q2 sales were down less than 1% versus Q2 of 2021, an improvement in trend over the first quarter. However, the retail environment remains challenging. (0.8%) (2.6%) RETAIL ECOMMERCE COMMERCIAL 73% 19% 8% 73% 20% 7%
Slide 5: Gross Profit Q2 2022
5 Gross Profit Q2 2022 Q2 gross profit came in 6.9% below Q2 of 2021 due to slightly lower sales and significantly lower margin rate. (6.9%) (4.4%)
Slide 6: Profitability Q2 2022
6 Profitability Q2 2022 Profitability in 2022 has been affected by soft sales, gross margin impacts, and higher operating costs associated mostly with the tight labor market.
Slide 7: Tandy Highlights
7 Since 1919, Tandy Leather has been the leading supplier of quality leather, machines, tools, kits and instructional resources for generations of hobbyists and trade craftspeople making a living selling leatherwork. Tandy Highlights LARGE & GROWING MARKET MARKET LEADER MULTI-CHANNEL DISTRIBUTION CA
Slide 8: Future Roadmap
8 We have a roadmap to $100MM+ in sales and $15MM in operating income – and we have a plan to get there. Future Roadmap CORE BUSINESS FOCUS ON TEACHING PILOT NEW FORMATS GROW COMMERCIAL @projectfree2fly PRODUCT IMPROVEMENTS @legacybrandleather OPTIMIZE RETAIL FLEET @powderriverleather NEW OPPORTUNIT
Slide 9: Key Principles
9 Key Principles Disciplined Capital Allocation Conservative Balance Sheet Focus on Long-Term Shareholder Value Financial Focus on Consumer Proposition Build Durable Business Foundation Remain Nimble Operating
Slide 10: Questions & Discussion
10 Questions & Discussion
Slide 11: Non-GAAP Reconciliation
11 (1)Non-GAAP Reconciliation @duckandchick
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