Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q4 FY2022 Earnings Presentation
13 slides from Unifi, Inc. New's earnings presentation, Aug 10, 2022
Slide 1: Fourth Quarter and Fiscal Year Ended July 3, 2022 Conference Call Presentation
Fourth Quarter and Fiscal Year Ended July 3, 2022 (Unaudited Results) August 10, 2022 Conference Call Presentation Exhibit 99.2
Slide 2: Forward-Looking Statements
2 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 expectations about our fut
Slide 3: Changes to Reportable Segments
3 CHANGES TO REPORTABLE SEGMENTS In the fourth quarter of fiscal 2022, UNIFI realigned its reportable segments to correspond with changes to its operating model, management structure and organizational responsibilities, reflecting the manner in which business performance is evaluated, resources are
Slide 4: Q4 Fiscal 2022 Overview
Revenue and profitability performance consistent with expectations Inflation, retail inventory corrections and renewed global volatility pressure underlying momentum Significant virgin polyester raw material cost increase (~20% sequential quarter) occurred in June 2022 quarter Retail supply chains h
Slide 5: REPREVE Fiber Sales
REPREVE Fiber represents UNIFI’s collection of fiber products on its recycled platform, with or without added technologies. * Fourth quarter and fiscal 2022 REPREVE Fiber revenues were adversely impacted by the ongoing pandemic-related lockdowns in Asia. as a % of Net Sales 5 REPREVE FIBER SALES
Slide 6: Net Sales Overview
1 Approximates the impact of foreign currency translation. Note: Q4 FY21 ended on June 27, 2021 and contained 13 weeks. Q4 FY22 ended on July 3, 2022 and contained 14 weeks. 6 NET SALES OVERVIEW Year-Over-Year, $s in Millions ↑28.7% ↑18.0% ↓17.0% ↑49.3%
Slide 7: Gross Profit Overview
GROSS PROFIT OVERVIEW Note: Note: Q4 FY21 ended on June 27, 2021 and contained 13 weeks. Q4 FY22 ended on July 3, 2022 and contained 14 weeks. 7 Year-Over-Year, $s in Millions
Slide 8: Balance Sheet Highlights
Capital allocation strategy remains balanced across: 8 BALANCE SHEET HIGHLIGHTS Debt Principal Cash Net Debt $s in Millions FYs 2021 and 2022: New texturing equipment FYs 2020, 2021 and 2022: Balance sheet diligence FY 2022: 615,500 shares repurchased for $9.2 FY 2021: Two bolt-on transactions compl
Slide 9: Fiscal 2023 Financial Outlook
Building Momentum For Long-Term Growth and For The Good of Tomorrow 9 FISCAL 2023 FINANCIAL OUTLOOK * Company continues investing in new yarn texturing machinery within the U.S., El Salvador and Brazil. Such capital expenditure levels will be funded by available financing arrangements and are inclus
Slide 10: Fiscal 2025 Targets
10 FISCAL 2025 TARGETS $s in Millions
Slide 11: Segment Net Sales
SEGMENT NET SALES 11 $s in thousands
Slide 12: Segment Gross Profit
SEGMENT GROSS PROFIT 12 $s in thousands
Slide 13: Investor Relations
13 Investor Relations A.J. Eaker Vice President of Finance ajeaker@unifi.com Alpha IR Group 312-445-2870 UFI@alpha-ir.com WORKING TODAY FOR THE GOOD OF TOMORROW