Bluelinx Holdings Inc. · NYSE:BXC
Bluelinx — Q3 2011 Earnings Presentation
23 slides from Bluelinx's earnings presentation, Nov 3, 2011
Slide 1: BlueLinx Quarterly Review 3rd Quarter 2011
BlueLinx Quarterly Review 3rd Quarter 2011
Slide 2: Forward-Looking Statement Safe Harbor
BlueLinx Holdings Inc. Forward-Looking Statement Safe Harbor - This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on estimates and assumptions made by our management tha
Slide 3: 3rd Quarter Highlights
3rd Quarter Highlights 3rd Quarter Highlights Revenue Up 1.8% to $472.9 million Up 1.8% to $472.9 million Housing Starts Total starts increased 6.2% from the same period last year; Single family starts decreased 1.4% from the same period last year Total starts increased 6.2% from the same period las
Slide 4: Introduction and Financial Review
Doug Goforth Chief Financial Officer and Treasurer Introduction and Financial Review
Slide 5: Quarterly Revenue
Quarterly Revenue 4Q '05 1Q '06 2Q '06 3Q '06 4Q '06 1Q '07 2Q '07 3Q '07 4Q '07 1Q '08 2Q '08 3Q '08 4Q '08 1Q '09 2Q '09 3Q '09 4Q '09 1Q '10 2Q '10 3Q '10 4Q '10 1Q '11 2Q '11 3Q '11 Specialty 539.5 580 603.3 553.5 460 456.5 500.8 462.9 381.5 354 402.8 375.9 278.7 233.9 250 257.9 206.2 233.1 286
Slide 6: 2011 YTD Results
2011 YTD Results revenue YTD '10 1436.5 YTD '11 1364.3 YTD '10 YTD '11 GM % 0.116 0.119 Operating Expense YTD '10 178 YTD '11 167.9 YTD '10 YTD '11 EBITDA -1.823 1.947 Significant Special Items YTD '10 YTD '11 Chg OSB lawsuit settlement $5.2 $- $5.2 Tender offer expenses ($3.0) $- ($3.0) Gain on lea
Slide 7: Cash Flows
Cash Flows BXC generated $15.2 million in operating cash flow for the quarter Unaudited (in million's) (in million's) (in million's)
Slide 8: Debt
Debt U.S. Revolver $149 million excess availability as of October 1, 2011 LIBOR plus 3.75% as of October 1, 2011 $400 million facility with additional $100 million uncommitted accordion facility Matures January 7, 2014 No financial performance covenants provided Excess Availability is more than the
Slide 9: Cash Cycle
Cash Cycle TTM Cash Cycle days at 58, flat sequentially and up 7 days compared to the prior year quarter 3Q '07 4Q '07 1Q '08 2Q '08 3Q '08 4Q '08 1Q '09 2Q '09 3Q '09 4Q '09 1Q '10 2Q '10 3Q '10 4Q '10 1Q '11 2Q '11 3Q '11 Inv 45.8 44.7 46.3 46.3 45.3 43.9 44 44.7 45.1 43.9 43.9 43.2 44.2 45 48 50
Slide 10: Business Review
George Judd Chief Executive Officer Business Review
Slide 11: 3rd Quarter focus
3rd Quarter focus Specialty growth Customer care Gross margin Long term strategic objectives: Profitably grow specialty revenues to 60+% of total sales Profitably manage structural Profitably outgrow the market over the long term Remarks
Slide 12: Appendix
Appendix TOPIC PAGE Profit and Loss Statement by Quarter 13 Revenues by Quarter 14 Channel Mix Analysis 15 Unit Volume by Quarter 16 Gross Margin by Quarter 17 Gross Margin % Analysis 18 Operating Expense by Quarter 19 Structural Product Price Trends 20 Reconciliation of GAAP Debt to Non-GAAP Net De
Slide 13: Profit & Loss Statement by Quarter
Profit & Loss Statement by Quarter Profit & Loss Statement by Quarter
Slide 14: Revenues by Quarter
Revenues by Quarter Revenues by Quarter
Slide 15: Revenue Channel Mix Analysis
Revenue Channel Mix Analysis Revenue Channel Mix Analysis
Slide 16: Unit Volume by Quarter
Unit Volume by Quarter Unit Volume by Quarter
Slide 17: Gross Margin by Quarter
Gross Margin by Quarter Gross Margin by Quarter
Slide 18: Gross Margin % Analysis
Gross Margin % Analysis Gross Margin % Analysis
Slide 19: Operating Expense by Quarter
Operating Expense by Quarter Operating Expense by Quarter
Slide 20: Structural Products Price Trend
Structural Products Price Trend Source: Data from Random Lengths Publications, Inc., updated as of October 28, 2011 Source: Data from Random Lengths Publications, Inc., updated as of October 28, 2011 Source: Data from Random Lengths Publications, Inc., updated as of October 28, 2011 Source: Data fro
Slide 21: Reconciliation of GAAP to Non-GAAP
Reconciliation of GAAP to Non-GAAP Reconciliation of GAAP to Non-GAAP
Slide 22: Reconciliation of GAAP to Non-GAAP
Reconciliation of GAAP to Non-GAAP Reconciliation of GAAP to Non-GAAP
Slide 23: www.BlueLinxco.com
www.BlueLinxco.com