Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q2 FY2007 Earnings Presentation
12 slides from Unifi, Inc. New's earnings presentation, Jan 25, 2007
Slide 1: Second Quarter Ended December 24, 2006 Conference Call
Second Quarter Ended December 24, 2006 Conference Call Unifi, Inc. Unifi, Inc. Second Qtr. Conf. Call January 25, 2007
Slide 2: Cautionary Statement
Cautionary Statement .. 2 Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about Unifi, Inc.'s (the "Company") financial condition and results of operations that are based on management's current expectations, estimates and projectio
Slide 3: Income Statement Highlights - Quarters Ended
Income Statement Highlights (Amounts in thousands) 3 Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 Dec. 2006 Dec. 2005 Total sales from continuing operations $156,895 $191,117 Loss from continuing operations before income taxes and extraordinary item (16,915) (4,472) Loss from continuing opera
Slide 4: Income Statement Highlights - Six Months Ended
Income Statement Highlights (Amounts in thousands) 4 Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 Dec. 2006 Dec. 2005 Total sales from continuing operations $326,839 $374,219 Loss from continuing operations before income taxes and extraordinary item (29,065) (9,431) Loss from continuing opera
Slide 5: Balance Sheet Highlights
5 Balance Sheet Highlights (Amounts in thousands, except percentages and days in receivables/payables) Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 December September June March 2006 2006 2006 2006 Cash 35,612 $ 29,516 $ 35,317 $ 88,423 $ Short-Term Debt 6,236 $ 3,807 $ 4,626 $ 5,660 $ Long-T
Slide 6: Estimated Balance Sheet Including Dillon Acquisition
6 Estimated Balance Sheet Including Dillon Acquisition (Unaudited) (Amounts in thousands) Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 Unifi Dillon Adjustments / Dec-06 Dec-06 Eliminations Total Accounts receivable 77,486 $ - - $ 11,000 $ 88,486 $ Inventory 115,386 11,602 - - 126,988 PP&E 219
Slide 7: Estimate of Financial Impact Due to Dillon Acquisition
7 Estimate of Financial Impact Due to Dillon Acquisition (Amounts in thousands, except per share data) Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 Unifi Dillon (Audited) (Unaudited) FYE 6/06 YE 12/05 Eliminations Synergies Adjustments Total Revenue 738,825 $ 130,923 $ (40,771) $ - - $ - - $
Slide 8: EBITDA Reconciliation to Pre-Tax Income
8 EBITDA Reconciliation to Pre-Tax Income (Amounts in thousands) Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 Year-to-Date September 2006 December 2006 December 2006 Pre-tax loss from continuing operations (12,150) $ (16,915) $ (29,065) $ Interest expense, net 5,621 5,045 10,666 Depreciation
Slide 9: EBITDA Reconciliation to Pre-Tax Income (Addendum)
9 EBITDA Reconciliation to Pre-Tax Income (Addendum) (Amounts in thousands) Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 Unifi Dillon (Audited) (Unaudited) FYE 6/06 YE 12/05 Eliminations Synergies Total Pre-tax income (loss) (15,896) $ 7,063 $ (146) $ 7,200 $ (1,779) $ Interest expense 19,247
Slide 10: Adjusted Earnings per Share Reconciliation (Addendum)
Adjusted Earnings per Share Reconciliation (Addendum) 10 Unifi, Inc. Second Qtr. Conf. Call January 25, 2007 Unifi FYE 6/06 Total Income (loss) per share (0.28) $ (0.12) $ Write-down of long-lived assets 0.05 0.04 Loss on early extinguishment of debt 0.05 0.04 Adjusted loss per share (0.18) $ (0.04)
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Estimated Financial Impact due to the Dillon Acquisition We have presented certain information regarding the estimated financial impact due to the Dillon Acquisition (the "Dillon-Adjusted Information") in order to provide investors with additional information regarding th
Slide 12: Non-GAAP Financial Measures - Continued
Non-GAAP Financial Measures - Continued Our EBITDA measure has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are: • it does not reflect our cash expenditures, future requ