Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Q4 2019 Earnings Presentation
14 slides from Lsi Industries's earnings presentation, Aug 22, 2019
Slide 1: Fiscal Fourth Quarter Results
Fiscal Fourth Quarter Results August 22, 2019
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures This presentation includes “forward-looking statements” within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to historical or cu
Slide 3: Executive Summary
EXECUTIVE SUMMARY Fiscal Fourth Quarter 2019 3
Slide 4: Consolidated Performance Indicators
CONSOLIDATED PERFORMANCE INDICATORS Sales Performance Has Stabilized, Evidence of Progress Points 4
Slide 5: Lighting Segment Summary
LIGHTING SEGMENT SUMMARY Customer Orders ($MM) Increased High Single Digit Percent Y/Y in F4Q19 5
Slide 6: Graphics Segment Summary
GRAPHICS SEGMENT SUMMARY Strong Sales and Order Levels Continued, Led By Petroleum Vertical 6
Slide 7: Free Cash Flow Generation
FREE CASH FLOW GENERATION Free Cash Flow Provides Flexibility For Debt Reduction and Business Reinvestment 7
Slide 8: More Efficient Working Capital Management
MORE EFFICIENT WORKING CAPITAL MANAGEMENT 15% Reduction In Working Capital From Peak In F2Q19 8
Slide 9: Disciplined Balance Sheet Management
DISCIPLINED BALANCE SHEET MANAGEMENT Growth In Free Cash Flow Supports Reduction in Net Debt Ratio to 2.7x 9
Slide 10: Appendix
APPPENDIX 10
Slide 11: Adjusted Diluted Earnings Per Share
Adjusted Diluted Earnings Per Share Non-GAAP Reconciliation - In Thousands of Dollars, Except For Per Share Data Q4 2018 Q3 2019 Q4 2018 Diluted EPS Diluted EPS Diluted EPS Net (Loss) Income $ (2,664) $ (0.10) $ (3,168) $ (0.12) $ 862 $ 0.03 Goodwill impairment -- -- -- -- (36) -- Restructuring and
Slide 12: Adjusted Operating Income and EBITDA
Adjusted Operating Income and EBITDA Non-GAAP Reconciliation - In Thousands of Dollars LSI Industries Q4 2018 Q3 2019 Q4 2019 Operating (Loss) Income (2,128) (2,273) (280) Restructuring and plant closure costs - - 1,082 Severance costs 37 368 26 Transition and re-alignment costs 3,136 42 - Adjusted
Slide 13: Segment Adjusted Operating Income and EBITDA
Segment Adjusted Operating Income and EBITDA Non-GAAP Reconciliation - Thousands of Dollars Lighting Segment Q4 2018 Q3 2019 Q4 2019 Net Sales [a] 61,979 53,264 57,243 Operating Income (loss) 1,878 691 1,700 Restructuring and plant closure costs - 54 1,033 Severance costs - 368 3 Adjusted Operating
Slide 14: Free Cash Flow and Net Debt Outstanding
Free Cash Flow and Net Debt Outstanding In Thousands of Dollars, Except For Per Share Data LSI Industries Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Net cash flows (used in) provided by operating activities (2,725) 2,682 7,932 3,611 2,188 5,440 (1,243) 5,106 Purchases in propert