Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q3 FY2015 Earnings Presentation
12 slides from Unifi, Inc. New's earnings presentation, Apr 23, 2015
Slide 1: Preliminary Results For the Third Quarter Ended March 29, 2015
Unifi, Inc. Preliminary Results For the Third Quarter Ended March 29, 2015 Conference Call Slide Presentation
Slide 2: Cautionary Statement
2 Cautionary Statement Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of Unifi, Inc. (the “Company”) that are based on management’s beliefs, assumptions and expectations about
Slide 3: Net Sales and Gross Profit Highlights
3 Net Sales and Gross Profit Highlights (Amounts in Thousands, Except Percentages) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) Quarter over Quarter Year over Year For the Three Months Ended For the Nine Months Ended March 29, 2015 vs. March 30, 2014 March 29, 2015 vs. March 30, 2014
Slide 4: Income Statement Highlights (Three Months)
4 Income Statement Highlights (Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) For the Three Months Ended March 29, 2015 March 30, 2014 Net sales $170,530 100.0% $176,864 100.0% Gross profit 22,263 13.1% 19,759 11.2% Sellin
Slide 5: Income Statement Highlights (Nine Months)
5 Income Statement Highlights (Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) For the Nine Months Ended March 29, 2015 March 30, 2014 Net sales $507,861 100.0% $506,150 100.0% Gross profit 66,501 13.1% 58,241 11.5% Selling
Slide 6: Equity Affiliates Highlights
6 Equity Affiliates Highlights (Amounts in Thousands, Except Percentages) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) For the Three Months Ended For the Nine Months Ended March 29, 2015 March 30, 2014 March 29, 2015 March 30, 2014 Earnings: Parkdale America $4,933 $3,230 $11,427 $13
Slide 7: Reconciliations of Net Income to Adjusted EBITDA
7 Reconciliations of Net Income to Adjusted EBITDA (Amounts in Thousands) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) For the Three Months Ended For the Nine Months Ended March 29, 2015 March 30, 2014 March 29, 2015 March 30, 2014 Net income attributable to Unifi, Inc. $10,016 $4,74
Slide 8: Reconciliations of GAAP Results To Adjusted Results
8 Reconciliations of GAAP Results To Adjusted Results (Amounts in Thousands, Except Per Share Amounts) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) For the Three Months Ended March 29, 2015 For the Three Months Ended March 30, 2014 Income Before Income Taxes Net Income Basic EPS Inco
Slide 9: Working Capital
9 Working Capital Highlights (Amounts in Thousands) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) March 29, 2015 December 28, 2014 June 29, 2014 Receivables, net $88,492 $76,319 $93,925 Inventories 105,550 115,703 113,370 Accounts payable (44,007) (41,853) (51,364) Accrued expenses (1
Slide 10: Capital Structure
10 Capital Structure (Amounts in Thousands) Unifi, Inc. Third Qtr. Conf. Call April 23, 2015 (Unaudited) March 29, 2015 December 28, 2014 June 29, 2014 ABL Revolver $17,100 $19,000 $26,000 ABL Term Loan 84,375 87,187 68,000 Other 10,792 5,071 5,488 Total debt $112,267 $111,258 $99,488 Cash 14,752 17
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Certain non-GAAP financial measures included herein are designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America ("GAAP") because management believes such measures are useful to
Slide 12: Non-GAAP Financial Measures - continued
12 Non-GAAP Financial Measures - continued In evaluating EBITDA, Adjusted EBITDA Including Equity Affiliates, Adjusted EBITDA and Adjusted EPS, you should be aware that, in the future, we may incur expenses similar to the adjustments included herein. Our presentation of EBITDA, Adjusted EBITDA Inclu