Bluelinx Holdings Inc. · NYSE:BXC
Bluelinx — Q3 2005 Earnings Presentation
25 slides from Bluelinx's earnings presentation, Nov 8, 2005
Slide 1: Third Quarter 2005 Operational & Financial Review
BlueLinx Third Quarter 2005 Operational & Financial Review
Slide 2: Safe Harbor Statement and Use of Non-GAAP and Pro Forma Information
BlueLinx Holdings Inc. Safe Harbor Statement and Use of Non-GAAP and Pro Forma Information 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 statemen
Slide 3: Operations Review
BlueLinx Holdings Inc. Operations Review George Judd President & Chief Operating Officer
Slide 4: Unit Volume Growth vs. End-Use Market Growth
BlueLinx Holdings Inc. Unit Volume Growth vs. End-Use Market Growth 3Q05 TTM F2004 F2003 Estimated BlueLinx Unit Volume Growth 4.5% 8.2% 2.5% Estimated Weighted End-Use Market Growth 3.3% 4.7% 2.0% BlueLinx versus End-Use Market Growth 1.2% 3.5% 0.5%
Slide 5: Quarterly Volume by Region
BlueLinx Holdings Inc. Quarterly Volume by Region *Miscellaneous consists of acquisitions, cash and competitive discounts, Canadian conversion, carve-out adjustments, service revenue and other miscellaneous items. $ millions (unaudited) (unaudited) (unaudited)
Slide 6: Sales Variance by Product Segment
BlueLinx Holdings Inc. Sales Variance by Product Segment $ millions (unaudited) *Miscellaneous consists of acquisitions, cash and competitive discounts, Canadian conversion, carve-out adjustments, service revenue and other miscellaneous items. carve-out adjustments, service revenue and other miscell
Slide 7: Recent Price Trends
BlueLinx Holdings Inc. Recent Price Trends Source: Data from Random Lengths Publications, Inc. Source: Data from Random Lengths Publications, Inc. Source: Data from Random Lengths Publications, Inc. Source: Data from Random Lengths Publications, Inc.
Slide 8: Gross Margin % Analysis
BlueLinx Holdings Inc. Gross Margin % Analysis Gross Margin % Analysis Gross Margin % Analysis
Slide 9: Channel Mix Analysis
BlueLinx Holdings Inc. Channel Mix Analysis Channel Mix Analysis Channel Mix Analysis
Slide 10: Inventory Analysis
BlueLinx Holdings Inc. Inventory Analysis $ millions (unaudited) (unaudited) (unaudited) * Other includes in-transit inventory accruals, discounts, allowances, reserves, acquisitions, and other miscellaneous items.
Slide 11: Financial Review
BlueLinx Holdings Inc. Financial Review David Morris Chief Financial Officer & Treasurer
Slide 12: Quarterly Revenue Review
BlueLinx Holdings Inc. Pro Forma Quarterly Revenue Review $ millions (unaudited) * See pro forma reconciliation and related footnotes on pages 22 - 26 of this presentation. **Miscellaneous consists of acquisitions, cash and competitive discounts, Canadian conversion, carve-out adjustments, service r
Slide 13: Quarterly Gross Profit
BlueLinx Holdings Inc. Pro Forma Quarterly Gross Profit $ millions (unaudited) * See pro forma reconciliation and related footnotes on pages 22 - 26 of this presentation. * See pro forma reconciliation and related footnotes on pages 22 - 26 of this presentation.
Slide 14: Quarterly Operating Income
BlueLinx Holdings Inc. Pro Forma Quarterly Operating Income $ millions (unaudited) * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation. * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation.
Slide 15: Quarterly Net Income
BlueLinx Holdings Inc. Pro Forma Quarterly Net Income $ millions (unaudited) * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation. * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation.
Slide 16: YTD Revenue Review
BlueLinx Holdings Inc. Pro Forma YTD Revenue Review $ millions (unaudited) * See pro forma reconciliation and related footnotes on pages 22 - 26 of this presentation. **Miscellaneous consists of acquisitions, cash and competitive discounts, Canadian conversion, carve-out adjustments, service revenue
Slide 17: YTD Gross Profit
BlueLinx Holdings Inc. Pro Forma YTD Gross Profit $ millions (unaudited) * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation. * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation.
Slide 18: YTD Operating Income
BlueLinx Holdings Inc. Pro Forma YTD Operating Income $ millions (unaudited) * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation. * See pro forma reconciliation and related footnotes on pages 22- 26 of this presentation.
Slide 19: Unaudited Quarter End Balance Sheets
BlueLinx Holdings Inc. Unaudited Quarter End Balance Sheets $ millions $ millions
Slide 20: Appendix
Appendix
Slide 21: 3Q04 Pro Forma Reconciliation
BlueLinx Holdings Inc. Pro Forma 3Q04 Reconciliation Pro Forma 3Q04 Reconciliation Pro Forma 3Q04 Reconciliation $ thousands (unaudited)
Slide 22: YTD Reconciliation
BlueLinx Holdings Inc. Pro Forma YTD 04 Reconciliation $ thousands (unaudited) (unaudited) (unaudited)
Slide 23: 2004 Quarterly Pro Forma
BlueLinx Holdings Inc. 2004 Quarterly Pro Forma $ thousands (unaudited) (unaudited) (unaudited)
Slide 24: Notes to Unaudited Pro Forma Statement of Operations
BlueLinx Holdings Inc. Notes to Unaudited Pro Forma Statement of Operations 1.) Reflects the elimination of the last-in first-out ("LIFO") expense / benefit recorded on the division's historical financial statements because of a change to the moving average cost method for inventories purchased from
Slide 25: Notes to Unaudited Pro Forma Statement of Operations
BlueLinx Holdings Inc. Notes to Unaudited Pro Forma Statement of Operations 6.) Reflects the income tax provision at our actual effective tax rate for the period from inception (March 8, 2004) to January 1, 2005 of 40.7%. 7.) Reflects preferred stock dividends at 10%. 8.) We used the net proceeds fr