Us Foods Holding Corp. · NYSE:USFD
Us Foods — Q4 2015 Earnings Presentation
15 slides from Us Foods's earnings presentation, Mar 18, 2016
Slide 1: Q4 and FY 2015 Performance Update
Q4 and FY 2015 Performance Update A Taste of What’s Cooking at US Foods March 2016 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation and related comments by our management contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include information concerning our liquidity and our possible or assumed future results of operations, including descriptions o
Slide 3: Non-GAAP financial measures
This presentation contains unaudited financial measures which are not required by, or presented in accordance with, accounting principles generally accepted in the United States of America (“GAAP”). We provide EBITDA, Adjusted EBITDA, Consolidated EBITDA, Debt Coverage Ratio, Interest Coverage Ratio
Slide 4: Agenda
Agenda Business Highlights Financial Update Non-GAAP Reconciliation
Slide 5: Business Highlights
Business Highlights Q4 Performance Highlights Actual volume and sales results Case volume increased 5.5% Net sales increased 3.2% Normalized volume and sales results (excluding estimated impact of 53rd week in Q4 2015) Case volume decreased (0.8%) due to growth with independent restaurant customers
Slide 6: Agenda
Agenda Business Highlights Financial Update Non-GAAP Reconciliation
Slide 7: Fourth Quarter Financial Performance
Fourth Quarter Financial Performance Notes: (1) Q4 2015 results contain 14 weeks due to a 53rd week that occurred in fiscal 2015. (2) Reconciliations of these non-GAAP measures are provided in the Appendix. (3) Represents Adjusted EBITDA as a percentage of Net Sales. Individual components may not ad
Slide 8: Full Year 2015 Financial Performance
Notes:(1) FY 2015 performance results contain a 53rd week. (2) Reconciliations of these non-GAAP measures are provided in the appendix. (3) Represents Adjusted EBITDA or Consolidated EBITDA as a percentage of Net Sales. (4) Consolidated EBITDA includes Adjusted EBITDA plus $50 million for cost savin
Slide 9: Quarterly and Full Year Cash Flow
Quarterly and Full Year Cash Flow Notes:(1) Capital Expenditures does not include $110 million of fleet investment financed by capital leases. (2) Other Investing Activities, net includes proceeds from the sale of PP&E of $5 million, insurance proceeds related to PP&E of $3 million, less $22 million
Slide 10: Capital Structure and Credit Statistics
Notes:(1) The ABL Facility matures October 20, 2020 subject to the maturities of our Term Loan and Senior Notes in 2019. The earliest possible maturity date is December 31, 2018. (2) Total Debt as of January 2, 2016 of $4,733 million is presented net of $25 million of deferred financing costs and ex
Slide 11: Available Liquidity
Available Liquidity Notes:(1) The ABL Facility matures October 20, 2020 subject to the maturities of our Term Loan and Senior Notes in 2019. The earliest possible maturity date is December 31, 2018.
Slide 12: Agenda
Agenda Business Highlights Financial Update Non-GAAP Reconciliation
Slide 13: Non-GAAP Reconciliation - Adjusted EBITDA
Non-GAAP Reconciliation - Adjusted EBITDA Notes:(1) Consists of management fees paid to Clayton, Dubilier & Rice, Inc. and Kohlberg Kravis Roberts & Co. (collectively, the “Sponsors”). (2) Consists primarily of facility related closing costs, including severance and related costs, asset impairment c
Slide 14: Non-GAAP Reconciliation - Adjusted Gross Profit and Adjusted Operating Expenses
Non-GAAP Reconciliation - Adjusted Gross Profit and Adjusted Operating Expenses Notes:(1) Represents the non-cash impact of net LIFO reserve adjustments. (2) Consists of management fees paid to Sponsors. (3) Consists primarily of facility related closing costs, including severance and related costs,
Slide 15: US Foods - Keeping Kitchens Cooking
e FOODS KEEPING KITCHENS COOKING.”