Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q1 FY2020 Earnings Presentation
12 slides from Unifi, Inc. New's earnings presentation, Oct 29, 2019
Slide 1: First Quarter Ended September 29, 2019 Conference Call Presentation
First Quarter Ended September 29, 2019 (Unaudited Results) October 29, 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 expe
Slide 3: Net Sales and Gross Profit Highlights
NET SALES AND GROSS PROFIT HIGHLIGHTS1 (dollars in thousands) Three-Month Comparison (Q1 FY19 vs. Q1 FY20) 1 Gross profit for the Polyester and Asia Segments reflect the Company’s update to segment profitability completed in the fourth quarter of fiscal 2019. Prior period amounts have been revised a
Slide 4: Consolidated Gross Margin – Q1 FY19 to Q1 FY20
CONSOLIDATED GROSS MARGIN – Q1 FY19 TO Q1 FY20 When comparing consolidated gross margin from Q1 FY19 to Q1 FY20: 1 The Polyester Segment experienced moderate raw material cost relief. 2 The Nylon Segment was adversely impacted by weaker fixed cost absorption due to lower revenues. 3 The Brazil Segme
Slide 5: Equity Affiliates Highlights
EQUITY AFFILIATES HIGHLIGHTS (dollars in thousands)
Slide 6: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS (dollars in thousands) Working Capital and Adjusted Working Capital1 Net Debt1 and Total Liquidity1 1 Represents a non-GAAP financial measure.
Slide 7: Fiscal 2020 Outlook
For Fiscal 2020, the Company has reaffirmed the following outlook, assuming no significant volatility in raw material costs: Metric Guidance Sales volumes High-single-digit percentage growth from fiscal 2019 Net sales Mid-single-digit percentage growth from fiscal 2019 Operating income Between $22.0
Slide 8: Appendix
APPENDIX UNIFI
Slide 9: Update on Recent Trade Actions
UPDATE ON RECENT TRADE ACTIONS Antidumping and countervailing duty petitions are filed with regards to polyester textured yarn imported from China and India into the U.S. U.S. Department of Commerce announces preliminary countervailing duties and affirms critical circumstances on polyester textured
Slide 10: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA
NON-GAAP RECONCILIATIONS (dollars in thousands) EBITDA and Adjusted EBITDA
Slide 11: Historical Segment Data
HISTORICAL SEGMENT DATA (dollars in thousands) Segment Net Sales by Quarter Segment Gross Profit by Quarter
Slide 12: Thank You!
Thank You! 2 UNIrL