Unifi, Inc. New · NYSE:UFI
Unifi, Inc. New — Unifi — Q2 FY2014 Earnings Presentation
11 slides from Unifi, Inc. New's earnings presentation, Jan 22, 2014
Slide 1: Unifi, Inc. Second Quarter Ended December 29, 2013 Conference Call Slide Presentation
Unifi, Inc. For the Second Quarter Ended December 29, 2013 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: Quarter over Quarter and Year over Year Net Sales and Gross Profit
3 Quarter over Quarter Year over Year For the Three Months Ended For the Six Months Ended December 29, 2013 vs. December 23, 2012 December 29, 2013 vs. December 23, 2012 Volume Price Volume Price Net Sales: Polyester (11.5%) 3.4% (5.2%) 1.3% Nylon (2.4%) 3.0% 0.4% (0.5%) International (8.6%) (2.3%)
Slide 4: Income Statement - Three Months
4 Income Statement Highlights (Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. Second Qtr. Conf. Call January 22, 2014 (Unaudited) For the Three Months Ended December 29, 2013 December 23, 2012 Net sales $ 160,617 100.0% $ 172,091 100.0% Gross profit 18,497 11.5% 16,691 9
Slide 5: Income Statement - Six Months
5 Income Statement Highlights (Amounts in Thousands, Except Percentages and Per Share Amounts) Unifi, Inc. Second Qtr. Conf. Call January 22, 2014 (Unaudited) For the Six Months Ended December 29, 2013 December 23, 2012 Net sales $ 329,286 100.0% $ 344,971 100.0% Gross profit 38,482 11.7% 34,711 10.
Slide 6: Equity Affiliates
6 Equity Affiliates Highlights (Amounts in thousands, Except Percentages) Unifi, Inc. Second Qtr. Conf. Call January 22, 2014 (Unaudited) For the Three Months Ended For the Six Months Ended December 29, 2013 December 23, 2012 December 29, 2013 December 23, 2012 Earnings: Parkdale America (34%) $ 4,8
Slide 7: Reconciliations of Net Income to Adjusted EBITDA
7 Reconciliations of Net Income to Adjusted EBITDA (Amounts in Thousands) Unifi, Inc. Second Qtr. Conf. Call January 22, 2014 (Unaudited) For the Three Months Ended For the Six Months Ended December 29, 2013 December 23, 2012 December 29, 2013 December 23, 2012 Net income attributable to Unifi, Inc.
Slide 8: Working Capital
8 Working Capital Highlights (Amounts in Thousands) Unifi, Inc. Second Qtr. Conf. Call January 22, 2014 (Unaudited) December 29, 2013 September 29, 2013 June 30, 2013 Receivables, net $ 77,536 $ 90,097 $ 98,392 Inventories 110,765 114,432 110,667 Accounts payable (35,740) (40,275) (45,544) Accrued e
Slide 9: Capital Structure
9 Capital Structure (Amounts in Thousands) Unifi, Inc. Second Qtr. Conf. Call January 22, 2014 (Unaudited) June 24, December 29, 2013 September 29, 2013 June 30, 2013 2012 ABL Revolver $ 50,400 $ 44,900 $ 52,500 $ 51,000 ABL Term Loan 50,000 50,000 42,800 50,000 Other 2,424 2,439 2,453 37 Total Debt
Slide 10: Non-GAAP Financial Measures
10 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
Slide 11: Non-GAAP Financial Measures - continued
11 Non-GAAP Financial Measures - continued 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 included herein. Our presentation of EBITDA, Adjusted EBITDA including equity af