Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q1 FY2016 Earnings Presentation
13 slides from Unifi, Inc. New's earnings presentation, Oct 22, 2015
Slide 1: Preliminary Results For the First Quarter Ended September 27, 2015
Preliminary Results For the First Quarter Ended September 27, 2015 Conference Call Slide Presentation Exhibit 99.2
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 beliefs, assumptions and expectations about
Slide 3: Income Statement Highlights
3 Income Statement Highlights (Dollars and Shares in Thousands) Unifi, Inc. First Qtr. Conf. Call October 22, 2015 (Unaudited) For the Three Months Ended September 27, 2015 September 28, 2014 Net sales $162,165 100.0% $175,561 100.0% Gross profit 20,984 12.9% 20,450 11.6% Selling, general and admini
Slide 4: Net Sales and Gross Profit Highlights
Net Sales and Gross Profit Highlights (1) (Dollars in Thousands) Unifi, Inc. First Qtr. Conf. Call October 22, 2015 (Unaudited) Quarter over Quarter For the Three Months Ended September 27, 2015 vs. September 28, 2014 Volume Price Net Sales: Polyester 1.2% (3.8%) Nylon (7.0%) (2.0%) International (5
Slide 5: Equity Affiliates Highlights
Equity Affiliates Highlights (Dollars in Thousands) Unifi, Inc. First Qtr. Conf. Call October 22, 2015 (Unaudited) For the Three Months Ended September 27, 2015 September 28, 2014 Earnings: Parkdale America (1) $1,965 $3,404 Other 895 317 Total $2,860 $3,721 Distributions: Parkdale America $947 $- O
Slide 6: Reconciliations of Net Income to Adjusted EBITDA
Reconciliations of Net Income to Adjusted EBITDA (Dollars in Thousands) Unifi, Inc. First Qtr. Conf. Call October 22, 2015 (Unaudited) For the Three Months Ended September 27, 2015 September 28, 2014 Net income attributable to Unifi, Inc. $ 8,025 $ 7,077 Interest expense, net 821 502 Provision for i
Slide 7: Reconciliations of GAAP Results To Adjusted Results
Reconciliations of GAAP Results To Adjusted Results (Dollars in Thousands, Except Per Share Amounts) For the Three Months Ended September 27, 2015 For the Three Months Ended September 28, 2014 Income Before Income Taxes Net Income Basic EPS Income Before Income Taxes Net Income Basic EPS GAAP result
Slide 8: Working Capital Highlights
Working Capital Highlights (Dollars in Thousands) Unifi, Inc. First Qtr. Conf. Call October 22, 2015 (Unaudited) September 27, 2015 June 28, 2015 Receivables, net $84,960 $83,863 Inventories 112,778 111,615 Accounts payable (42,398) (45,023) Accrued expenses (1) (13,504) (16,482) Adjusted Working Ca
Slide 9: Capital Structure
Capital Structure (Dollars in Thousands) Unifi, Inc. First Qtr. Conf. Call October 22, 2015 (Unaudited) September 27, 2015 June 28, 2015 ABL Revolver $28,000 $5,000 ABL Term Loan 79,875 82,125 Other 20,350 16,985 Total debt $128,225 $104,110 Cash 9,954 10,013 Net debt $118,271 $94,097 Cash $9,954 $1
Slide 10: Key Dates
Form 10-Q for the fiscal quarter ended September 27, 2015 Filing due on or before Friday, November 6, 2015 Annual Investor Update Meeting Monday, December 14, 2015 from 2pm to 4pm EST The New York Stock Exchange Contact: Annie Cooper (336) 316-5455 acooper@unifi.com Key Dates Unifi, Inc. First Qtr.
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Certain non-GAAP financial measures included herein are designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America ("GAAP") because management believes such measures are useful to
Slide 12: Non-GAAP Financial Measures - continued
Non-GAAP Financial Measures - continued We also believe Adjusted EBITDA is an appropriate supplemental measure of debt service capacity, because cash expenditures on interest are, by definition, available to pay interest, and tax expense is inversely correlated to interest expense because tax expens
Slide 13: Appendix A - Net Sales Highlights
Appendix A - Net Sales Highlights (Dollars in Thousands) Unifi, Inc. First Qtr. Conf. Call October 22, 2015 (Unaudited) For the Three Months Ended September 27, 2015 September 28, 2014 Net Sales: Polyester $90,568 $92,978 Nylon 40,676 44,710 International 29,371 36,494 Subtotal 160,615 174,182 All O