Crown Crafts, Inc. · NASDAQ:CRWS
Crown Crafts — Investor Presentation (January 2011)
27 slides from Crown Crafts's investor presentation, Jan 10, 2011
Slide 1: Crown Crafts, Inc.
CROWN CRAFTS, INC. NASDAQ-CM: CRWS ee () \ ga 4 January 2011
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements This presentation contains forward-looking statements by Crown Crafts, Inc. (the "Company") within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995, and all Rule
Slide 3: Company Snapshot
Company Snapshot Percentages based on operating results for the fiscal year ended March 28, 2010 3 Dominant manufacturer of infant and toddler bedding, blankets, and accessories to mass and specialty markets Market leader of infant and toddler bibs and disposable feeding products
Slide 4: Crown Crafts Infant Products
Crown Crafts Infant Products Premier supplier of nursery decor and accessories, producing innovative, cutting-edge products for every relevant channel of distribution Industry leader in design expertise The acquisition of the infant and toddler product lines of Springs Global US, Inc. in November 20
Slide 5: Crown Crafts Infant Products
Crown Crafts Infant Products 5
Slide 6: Hamco, Inc.
Hamco, Inc. Significant market share in the bib category Known for its extensive proprietary design expertise Commitment to excellence in product innovation, quality, customer service and competitive pricing Acquired the assets of Neat Solutions(r) in 2009 and Bibsters(r) in 2010 Opening into the di
Slide 7: Hamco Products
Hamco Products 7
Slide 8: Neat Solutions
Neat Solutions(r) Founded in 1995; assets acquired by Hamco in July 2009 Leading designer, producer and marketer of infant and toddler products, with a focus on products that provide convenience and germ protection Disposable Stick-on Placemats Disposable Toilet Seat Covers Disposable Cup Labels Dis
Slide 9: Neat Solutions Products
Neat Solutions(r) Products 9
Slide 10: Bibsters
Bibsters(r) Bibsters(r) disposable bibs were launched by Procter and Gamble in February 2003 and acquired by Hamco in May 2010 - provides a disposable bib solution for Moms "on the go" Bibsters(r) product line includes: 16 Count Toddler Pocket Bib 4 Count Trial and Travel Size 32 Count Toddler Pocke
Slide 11: Stable Market and Broad Channels of Distribution
Stable Market and Broad Channels of Distribution 11 Strong complement of branded, licensed and private label product offerings allow for diversified customer and market reach and leverages licensing experience and relationships Baseline demand is derived from more than 4 million U.S. births per year
Slide 12: Diverse Product Offerings: Quality Licenses, Company-Owned Brands
Diverse Product Offerings 12 Quality Licenses Company-Owned Brands
Slide 13: Dominant Retail Distribution
Dominant Retail Distribution Gross Sales by Customer For the Fiscal Year Ended March 28, 2010 (Unaudited) Infant products distribution is highly concentrated Crown Crafts' sales to major stores is proportionate to overall market 13 All Others
Slide 14: Targeted Go-Forward Strategic Plan
Targeted Go-Forward Strategic Plan Diversify product categories and channels of distribution Springs acquisition raised market share of toddler bedding to 50% Acquisitions of Neat Solutions(r) and Bibsters(r) provided entry into disposables Entry into pet industry with Neat Solutions(r) for Pets Bec
Slide 15: Neat Solutions for Pets
Neat Solutions(r) for Pets Organic growth opportunity in $50 billion pet industry, which has doubled in the last 10 years 39% of U.S households own at least one dog and 33% of U.S. households own at least one cat (source: American Pet Products Manufacturers Association 2009-2010 National Pet Owners
Slide 16: okiedog Diaper Bags and Stroller Accessories
okiedog(r) Diaper Bags and Stroller Accessories 16 In November 2010, Crown Crafts Infant Products expanded its offering of products by becoming the exclusive distributor of okiedog(r) diaper bags and stroller accessories for North America. The okiedog(r) product line includes seven fashionable model
Slide 17: Financial Highlights
Financial Highlights 17
Slide 18: Operating Highlights
Operating Highlights (in millions) 18 Springs purchased in November, 2007
Slide 19: Selected Financial Data from Consolidated Balance Sheets
Selected Financial Data from Consolidated Balance Sheets (in millions) 19
Slide 20: Debt Balances
Debt Balances (In millions) Springs purchased in November, 2007 Net of Cash Balances 20
Slide 21: Outlook for the Fiscal Ending April 3, 2011
Outlook for the Fiscal Ending April 3, 2011 21 2011 Estimate (1) (Low) (High) 2010 2009 2009 2010 2011 Estimate (1) (Low) (High) (1) Fiscal year 2011 guidance last updated on January 6, 2011 (2) Net income (loss) per diluted share, adjusted to exclude the effects, net of taxes, of the charge related
Slide 22: Investment Summary
Investment Summary Crown Crafts is a focused and profitable consumer products company operating primarily in the growing infant and juvenile soft goods market. Committed to excellence in product innovation, quality, customer service and competitive pricing. Full range of company-branded, licensed an
Slide 23: For Additional Information
23 Attendees and other viewers of the preceding presentation are advised to read all reports and other filings made by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Copies of these filings ma
Slide 24: Non-GAAP Reconciliations
Non-GAAP Reconciliations 24
Slide 25: Basis for the Presentation of Non-GAAP Financial Measures
25 Basis for the Presentation of Non-GAAP Financial Measures In addition to the Company's presentation of its financial position and results of operations in conformity with accounting principles generally accepted in the United States of America ("GAAP"), the Company has also presented certain meas
Slide 26: Reconciliations of Net Income (Loss) to Adjusted EBITDA
Reconciliations of Net Income (Loss) to Adjusted EBITDA (in millions, except percentages - Unaudited) 26
Slide 27: Reconciliations of Net Income (Loss) to Adjusted Net Income
Reconciliations of Net Income (Loss) to Adjusted Net Income (in millions, except per share amounts - Unaudited) 27