Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q1 FY2017 Earnings Presentation
10 slides from Unifi, Inc. New's earnings presentation, October 2016
Slide 1: Conference Call Presentation
Conference Call Presentation First Quarter Ended September 25, 2016 (Unaudited Results)
Slide 2: Cautionary Statement on Forward-Looking Statements
Cautionary Statement on Forward-Looking Statements Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of the Company that are based on management’s beliefs, assumptions and expect
Slide 3: Consolidated Net Income – Q1 FY16 to Q1 FY17
Consolidated Net Income – Q1 FY16 to Q1 FY17 (dollars in millions) 2 3 4 1 When comparing Net income attributable to Unifi, Inc. from Q1 FY16 to Q1 FY17 on an after-tax basis: 1 Approximates the change in operating income, excluding the change in (benefit) provision for bad debts. 2 Approximates the
Slide 4: Net Sales and Gross Profit Highlights
1, 2 Net Sales and Gross Profit Highlights (dollars in thousands) Three-Month Comparison (Q1 2016 vs. Q1 2017) Net Sales Polyester * Nylon * International * Subtotal Prior Period $ 94,606 $ 36,638 $ 29,371 $ 160,615 Volume Change (4.0%) (19.0%) 53.9% 11.0% Price Change (6.5%) (3.2%) 0.5% (12.3%) Cur
Slide 5: Equity Affiliates Highlights
Equity Affiliates Highlights (dollars in thousands) For the Three Months Ended September 25, 2016 September 27, 2015 Pre-Tax Earnings: Parkdale America, LLC $ 314 $ 1,965 Nylon joint ventures 526 895 Total $ 840 $ 2,860 Distributions: Parkdale America, LLC $ - $ 947 Nylon joint ventures 750 1,000 To
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights (dollars in thousands) Working Capital and Adjusted Working Capital September 25, 2016 June 26, 2016 September 27, 2015 Cash and cash equivalents $ 20,921 $ 16,646 $ 9,954 Receivables, net 82,912 83,422 84,960 Inventories 110,002 103,532 112,778 Other current assets 11,944 8
Slide 7: Appendix
APPENDIX ane “ine
Slide 8: Non-GAAP Reconciliations
Non-GAAP Reconciliations (dollars in thousands) Adjusted EBITDA For the Three Months Ended September 25, 2016 September 27, 2015 Net income attributable to Unifi, Inc. $ 9,403 $ 8,025 Interest expense, net 530 821 Provision for income taxes 3,726 3,940 Depreciation and amortization expense 4,566 4,2
Slide 9: Other Reconciliations
Other Reconciliations (dollars in thousands) Consolidated Net Sales For the Three Months Ended September 25, 2016 September 27, 2015 1 Subtotal of Net Sales by Segment $ 158,524 $ 160,615 Net Sales for All Other Category 1,445 1,550 Consolidated Net Sales $ 159,969 $ 162,165 Consolidated Gross Profi
Slide 10: Thank You!
VE RECYCLING CENTER REP. Thank You!