14 slides from Unifi, Inc. New's earnings presentation, Jul 27, 2016
Slide 1: Fourth Quarter and Fiscal Year Ended June 26, 2016 Conference Call Slide Presentation
Fourth Quarter and Fiscal Year Ended June 26, 2016 Conference Call Slide Presentation (Unaudited Results)
Slide 2: Cautionary Statement on Forward-Looking Statements
Cautionary Statement on 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 Unifi, Inc. (the “Company”) that are based on management’s beliefs, assump
Slide 3: Q4 – Net Income
Q4 – Net Income Note: The above graphic is intended to depict the approximate impact on net income attributable to Unifi, Inc. of certain items identified by management. This representation is not intended to represent amounts calculated under GAAP. (dollars in millions)
Slide 4: Fiscal Year – Net Income
Fiscal Year – Net Income (dollars in millions) Note: The above graphic is intended to depict the approximate impact on net income attributable to Unifi, Inc. of certain items identified by management. This representation is not intended to represent amounts calculated under GAAP.
Slide 5: Net Sales and Gross Profit Highlights: Three-Month Comparison
Net Sales and Gross Profit Highlights 1, 2 1 Excluding the ‘All Other’ category; see non-GAAP reconciliation on slide 13. 2 As of the fourth quarter of fiscal 2016, the Company updated the composition of its Polyester and Nylon Segments for both the current and comparative prior periods, intending t
Slide 6: Net Sales and Gross Profit Highlights: Twelve-Month Comparison
Net Sales and Gross Profit Highlights 1, 2 (dollars in thousands) Twelve-Month Comparison (Fiscal 2015 vs. Fiscal 2016) 1 Excluding the ‘All Other’ category; see non-GAAP reconciliation on slide 13. 2 As of the fourth quarter of fiscal 2016, the Company updated the composition of its Polyester and N
Slide 7: Equity Affiliates Highlights
Equity Affiliates Highlights (dollars in thousands)For the Three Months EndedFor the Fiscal Year EndedJune 26, 2016June 28, 2015June 26, 2016June 28, 2015Earnings:Parkdale America, LLC $860 $5,976 $6,074 $17,403 Nylon joint ventures 773 1,038 2,889 2,072 Total $1,633 $7,014 $8,963 $19,475 Bargain pu
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights Net Debt and Total Liquidity (dollars in thousands) Working Capital and Adjusted Working Capital June 26, 2016March 27, 2016June 28, 2015Cash $16,646 $15,287 $10,013 Receivables, net 83,422 82,454 83,863 Inventories 103,532 105,944 111,615 Other current assets 8,292 6,864 7,
Slide 9: Adjusted EBITDA
Adjusted EBITDA 1 (dollars in thousands) Historical Calculation Future Calculation For the Fiscal Year EndedFor the Fiscal Year EndedJune 26, 2016June 28, 2015June 26, 2016June 28, 2015EBITDA $69,265 $75,973 $69,265 $75,973 Equity in earnings of Parkdale America, LLC (6,074) (17,403) (6,074) (17,403
Slide 10: Appendix
APPENDIX
Slide 11: Non-GAAP Reconciliations: Adjusted EBITDA
Non-GAAP Reconciliations Adjusted EBITDA (dollars in thousands) For the Three Months EndedFor the Fiscal Year EndedJune 26, 2016June 28, 2015June 26, 2016June 28, 2015Net income attributable to Unifi, Inc. $10,237 $15,640 $34,415 $42,151 Interest expense, net 713 745 2,884 3,109 Provision for income
Slide 12: Non-GAAP Reconciliations: Adjusted Net Income and Adjusted EPS
Non-GAAP Reconciliations Adjusted Net Income and Adjusted EPS (dollars in thousands, except per share amounts)
Slide 13: Non-GAAP Reconciliations: Consolidated Net Sales and Gross Profit
Non-GAAP Reconciliations (dollars in thousands) Consolidated Net Sales Consolidated Gross Profit 1 As presented on slides 5 and 6. 1 1 For the Three Months EndedFor the Fiscal Year EndedJune 26, 2016June 28, 2015June 26, 2016June 28, 2015Subtotal of Net Sales by Segment $162,207 $172,982 $637,436 $6
Slide 14: OINIFT.
OINIFT.