Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q3 FY2011 Earnings Presentation
10 slides from Unifi, Inc. New's earnings presentation, Apr 28, 2011
Slide 1: Unifi, Inc. Third Quarter Conference Call
Unifi, Inc. For the Third Quarter Ended March 27, 2011 Conference Call
Slide 2: Cautionary Statement
2 Cautionary Statement Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of Unifi, Inc (the "Company") that are based on management's current expectations, estimates and projecti
Slide 3: Income Statement Highlights - Quarter
3 Income Statement Highlights (Amounts in Thousands, Except Percentages) (Unaudited) Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 Net sales 178,164 $ 100.0% 154,687 $ 100.0% Gross profit 15,147 8.5% 16,510 10.7% Selling, general and administrative expense 10,344 5.8% 11,252 7.3% Operating profit
Slide 4: Income Statement Highlights - Nine Months
4 Income Statement Highlights (Amounts in Thousands, Except Percentages) (Unaudited) Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 Net sales 512,986 $ 100.0% 439,793 $ 100.0% Gross profit 55,391 10.8% 53,252 12.1% Selling, general and administrative expense 32,223 6.3% 34,568 7.9% Operating profi
Slide 5: Volume and Pricing Highlights
5 Volume and Pricing Highlights (Unaudited) Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 Volume Price Volume Price Polyester 7.7% 14.8% 10.7% 11.3% Nylon -12.4% 8.0% 3.0% -0.8% Consolidated 5.0% 10.1% 9.8% 6.8% Volume Price Polyester 2.5% 8.5% Nylon 9.3% 0.8% Consolidated 3.2% 7.6% Quarter over
Slide 6: Balance Sheet
6 Balance Sheet Highlights (Amounts in Thousands, Except Percentages) (Unaudited) Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 March 27, December 26, September 26, June 27, 2011 2010 2010 2010 Cash 19,142 $ 33,185 $ 26,274 $ 42,691 $ Short-Term Debt 335 $ 327 $ 327 $ 15,327 $ Long-Term Debt 171,
Slide 7: Equity Affiliates
7 Equity Affiliates Highlights (Amounts in Thousands) (Unaudited) Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 March 27, 2011 March 28, 2010 March 27, 2011 March 28, 2010 Earnings (Losses) Parkdale America (34%) (2,450) $ 1,994 $ 10,607 $ 6,070 $ Other 419 197 1,614 515 Intercompany Eliminations
Slide 8: Adjusted EBITDA Reconciliation to Net Income
8 Adjusted EBITDA Reconciliation to Net Income (Amounts in Thousands) (Unaudited) Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 March 27, March 28, March 27, March 28, 2011 2010 2011 2010 Net income (loss) (4,045) $ 771 $ 11,575 $ 5,213 $ Provision (benefit) for income taxes (166) 1,937 4,205 5,5
Slide 9: Non-GAAP Financial Measures
9 Non-GAAP Financial Measures Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 Non-GAAP Financial Measures Included in this presentation are certain non-GAAP financial measures designed to complement the financial information presented in accordance with generally accepted accounting principles in t
Slide 10: Non-GAAP Financial Measures - continued
10 Non-GAAP Financial Measures - continued Unifi, Inc. Third Qtr. Conf. Call April 28, 2011 Our Adjusted 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