Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Q2 2020 Earnings Presentation
14 slides from Lsi Industries's earnings presentation, Feb 5, 2020
Slide 1: Fiscal 2nd Quarter 2020 Results
Fiscal 2nd Quarter 2020 Results February 5, 2020
Slide 2: Disclaimer
DISCLAIMER 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 histo
Slide 3: Executive Summary
EXECUTIVE SUMMARY Fiscal Second Quarter 2020 3
Slide 4: Consolidated Performance Indicators
CONSOLIDATED PERFORMANCE INDICATORS Focus On Generating Higher Quality Sales and Earnings 4
Slide 5: Lighting Segment Summary
LIGHTING SEGMENT SUMMARY Shift In Commercial Policy Evident In Fiscal Q2 5
Slide 6: Graphics Segment Summary
GRAPHICS SEGMENT SUMMARY Reported 9th Consecutive Quarter of Y/Y Sales Growth 6
Slide 7: Improved Working Capital Management
IMPROVED WORKING CAPITAL MANAGEMENT $23 million Reduction in Working Capital on a Y/Y Basis 7
Slide 8: Continued Growth in Free Cash Flow
CONTINUED GROWTH IN FREE CASH FLOW Directing FCF Mainly Toward Reduction In Net Leverage 8
Slide 9: Disciplined Balance Sheet Management
DISCIPLINED BALANCE SHEET MANAGEMENT Growth In Free Cash Flow Supports Reduction in Net Debt 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 Q2 2019 Q1 2020 Q2 2020 Diluted EPS Diluted EPS Diluted EPS Net (Loss) Income $(15,782) $ (0.61) $ 4,475 $ 0.17 $ 1,743 $ 0.07 Restructuring and plant closure costs 817 0.03 (3,449) (0.13
Slide 12: Segment Adjusted Operating Income and EBITDA
Segment Adjusted Operating Income and EBITDA Non-GAAP Reconciliation - Thousands of Dollars Lighting Segment Q2 2019 Q1 2020 Q2 2020 LSI Industries Q2 2019 Q1 2020 Q2 2020 Net Sales [a] 63,654 63,191 53,436 Operating (Loss) Income (20,271) 6,839 1,760 Operating Income (loss) (18,452) 9,159 3,150 Res
Slide 13: Free Cash Flow
Free Cash Flow In Thousands of Dollars, Except For Per Share Data LSI Industries Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Net cash flows (used in) provided by operating activities 7,932 3,611 2,188 5,440 (1,243) 5,106 6,359 14,544 Purchases in property, plant, and equipment (9
Slide 14: Net Debt Outstanding
Net Debt Outstanding In Thousands of Dollars, Except For Per Share Data LSI Industries Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Debt 48,372 43,812 39,541 23,181 10,437 Less: Cash 9,563 1,686 966 1,579 1,248 Net Debt Outstanding 38,809 42,126 38,575 21,602 9,189 14