Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q3 FY2020 Earnings Presentation
13 slides from Unifi, Inc. New's earnings presentation, Apr 30, 2020
Slide 1: Third Quarter Ended March 29, 2020 Conference Call Presentation
Third Quarter Ended March 29, 2020 (Unaudited Results) May 1, 2020 Conference Call Presentation Exhibit 99.3
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: Business Update
MAY 1, 2020 BUSINESS UPDATE Q3 fiscal 2020 operating and financial results were consistent with expectations in spite of the initial impacts of the COVID-19 pandemic. Domestic trade actions, global strategy, lean manufacturing, and raw material stabilization were providing solid momentum for the bus
Slide 4: Parkdale Transaction Overview
PARKDALE TRANSACTION OVERVIEW Parkdale America, LLC is a producer of cotton and synthetic yarns for the textile and apparel industries. JV formed in 1997; Unifi obtained and maintained 34% interest. $60 million cash received on April 29, 2020 from divestiture of 34% investment via sale to majority p
Slide 5: Risk Mitigation Initiatives
RISK MITIGATION INITIATIVES Ensuring the health and safety of our employees: Suspending travel and group meetings; Implementing social distancing measures; Enforcing healthy habits, sanitation and disinfection; and Increasing wellness monitoring. Participating in the supply chain for personal protec
Slide 6: Operating Income
OPERATING INCOME OVERVIEW (dollars in millions) When comparing Operating income from Q3 FY19 to Q3 FY20: 1 Approximates the increase in gross profit. 2 Approximates the increase in selling, general and administrative expenses due to the benefit of significant equity and incentive compensation forfei
Slide 7: Net Sales Overview: Three-Month Comparison
NET SALES OVERVIEW (dollars in thousands) Three-Month Comparison (Q3 FY19 vs. Q3 FY20) 1 Approximates the impact of foreign currency translation. Note: The “Prior Period” ended on March 31, 2019. The “Current Period” ended on March 29, 2020. The Prior Period and the Current Period each contained 13
Slide 8: Gross Profit Overview: Three-Month Comparison
GROSS PROFIT OVERVIEW (dollars in thousands) Three-Month Comparison (Q3 FY19 vs. Q3 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 accordingly. Note:
Slide 9: Liquidity Update
LIQUIDITY UPDATE (dollars in thousands) Net Debt 1 Represents a non-GAAP financial measure. Borrowing Availability and Covenants On March 29, 2020: borrowing availability on the ABL Revolver was $48,000; the Trigger Level was $24,000; and the Fixed Charge Coverage Ratio was 0.94 to 1.00. ABL Facilit
Slide 10: Appendix
APPENDIX UNIFI
Slide 11: Net Sales Overview: Nine-Month Comparison
NET SALES OVERVIEW (dollars in thousands) Nine-Month Comparison (YTD FY19 vs. YTD FY20) 1 Approximates the impact of foreign currency translation. Note: The “Prior Period” ended on March 31, 2019. The “Current Period” ended on March 29, 2020. The Prior Period had 40 fiscal weeks and the Current Peri
Slide 12: Gross Profit Overview: Nine-Month Comparison
GROSS PROFIT OVERVIEW (dollars in thousands) Nine-Month Comparison (YTD FY19 vs. YTD 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 accordingly. Note
Slide 13: Thank You!
Thank You! UNIrL