Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Q1 2020 Earnings Presentation
14 slides from Lsi Industries's earnings presentation, Nov 6, 2019
Slide 1: Fiscal 1st Quarter 2020 Results
Fiscal 1st Quarter 2020 Results November 6, 2019
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 First Quarter 2020 3
Slide 4: Consolidated Performance Indicators
CONSOLIDATED PERFORMANCE INDICATORS Total Sales Increased 4.4% Y/Y Driven By Broad-Based Growth Across Segments 4
Slide 5: Lighting Segment Summary
LIGHTING SEGMENT SUMMARY Generated 2.9% Y/Y Sales Growth Driven By Strength In Outdoor Lighting 5
Slide 6: Graphics Segment Summary
GRAPHICS SEGMENT SUMMARY Generated 8.4% Y/Y Sales Growth Balanced Across Print and Digital 6
Slide 7: Continued Growth in Free Cash Flow
CONTINUED GROWTH IN FREE CASH FLOW Directing FCF Mainly Toward Reduction In Net Leverage(1,2) 7
Slide 8: Improved Working Capital Management
IMPROVED WORKING CAPITAL MANAGEMENT $10.2 million Reduction in Working Capital on a Y/Y Basis 8
Slide 9: Disciplined Balance Sheet Management
DISCIPLINED BALANCE SHEET MANAGEMENT Growth In Free Cash Flow Supports Reduction in Net Debt 2.9 x 2.7 x 2.3 x 2.1 x 1.7 x F1Q19 F2Q19 F3Q19 F4Q19 F1Q20 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 Q1 2019 Q4 2019 Q1 2020 Diluted EPS Diluted EPS Diluted EPS Net (Loss) Income $ 1,749 $ 0.07 $ 862 $ 0.03 $ 4,475 $ 0.17 Goodwill impairment -- -- (36) -- -- -- Restructuring and plant cl
Slide 12: Segment Adjusted Operating Income and EBITDA
Segment Adjusted Operating Income and EBITDA Non-GAAP Reconciliation - Thousands of Dollars Lighting Segment Q1 2019 Q4 2019 Q1 2020 LSI Industries Q1 2019 Q4 2019 Q1 2020 Net Sales [a] 61,432 57,243 63,191 Operating (Loss) Income 2,934 (280) 6,839 Operating Income (loss) 3,850 1,700 9,159 Restructu
Slide 13: Free Cash Flow
Free Cash Flow In Thousands of Dollars, Except For Per Share Data LSI Industries Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Net cash flows (used in) provided by operating activities 2,682 7,932 3,611 2,188 5,440 (1,243) 5,106 6,359 Purchases in property, plant, and equipment (69
Slide 14: Net Debt Outstanding
Net Debt Outstanding In Thousands of Dollars, Except For Per Share Data LSI Industries Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Debt 46,152 48,372 43,812 39,541 23,181 Less: Cash 4,162 9,563 1,686 966 1,579 Net Debt Outstanding 41,990 38,809 42,126 38,575 21,602 14