Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q1 FY2014 Earnings Presentation
10 slides from Unifi, Inc. New's earnings presentation, Oct 24, 2013
Slide 1: Unifi, Inc. First Quarter Ended September 29, 2013 Conference Call Slide Presentation
Unifi, Inc. For the First Quarter Ended September 29, 2013 Conference Call Slide Presentation Exhibit 99.2
Slide 2: Cautionary Statement
Cautionary Statement Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) 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 base
Slide 3: Net Sales and Gross Profit Highlights
Net Sales and Gross Profit Highlights (Amounts in Thousands, Except Percentages) Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) Quarter over Quarter September 29, 2013 vs. September 23, 2012 Volume Price Net Sales: Polyester 1.5% (0.9%) Nylon 3.3% (4.0%) International (5.8%) (5.4%) C
Slide 4: Income Statement Highlights
Income Statement Highlights(Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) For the Three Months Ended September 29, 2013 September 23, 2012 Net sales $168,669 100.0% $172,900 100.0% Gross profit 19,985 11.8% 18,020 10.4%
Slide 5: Equity Affiliates Highlights
Equity Affiliates Highlights (Amounts in thousands, Except Percentages) Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) For the Three Months Ended September 29, 2013 September 23, 2012 Earnings: Parkdale America (34%) $5,915 $42 Other 208 629 Total $6,123 $671 Distributions: Parkdale
Slide 6: Reconciliations of Net Income to Adjusted EBITDA
Reconciliations of Net Income to Adjusted EBITDA (Amounts in Thousands) Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) For the Three Months Ended September 29, 2013 September 23, 2012 Net income attributable to Unifi, Inc. $8,870 $2,294 Provision for income taxes 5,751 3,233 Interest
Slide 7: Working Capital Highlights
Working Capital Highlights(Amounts in Thousands) Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) September 29, June 30, June 24, 2013 2013 2012 Receivables, net $90,097 $98,392 $99,236 Inventories 114,432 110,667 112,750 Accounts payable (40,275) (45,544) (48,541) Accrued expenses (13
Slide 8: Capital Structure
Capital Structure(Amounts in Thousands) Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) September 29, June 30, June 24, 2013 2013 2012 ABL Revolver $44,900 $52,500 $51,000 ABL Term Loan 50,000 42,800 50,000 Term B Loan - - 20,515 Other 2,439 2,453 37 Total Debt $97,339 $97,753 $121,55
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) 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 the United States
Slide 10: Non-GAAP Financial Measures - continued
Non-GAAP Financial Measures - continued Unifi, Inc. First Qtr. Conf. Call October 24, 2013 (Unaudited) In evaluating EBITDA, Adjusted EBITDA including equity affiliates, and Adjusted EBITDA, you should be aware that in the future, we may incur expenses similar to the adjustments in this presentation