Us Foods Holding Corp. · NYSE:USFD
Us Foods — Q3 2013 Earnings Presentation
18 slides from Us Foods's earnings presentation, Nov 7, 2013
Slide 1: A Taste of What's Cooking at US Foods: Q3 2013 Performance Update
Exhibit 99.1 A Taste Q3 Performance November 2013of What’s 2013 Update Cooking at US Foods
Slide 2: Forward-looking Statements
While information Forward-looking In “should,” reasonable, ability impact changes increase health, liability retirement substantial Exchange All circumstances 1FOOD. this forward-looking the presentation to and of FOOD claims in sales remain any “project,” information Commission, benefits; the amoun
Slide 3: Non-GAAP Financial Measures
Non-GAAP This Expenses our Company’s financial While calculation result Due Management uses investors. Additionally, 2FOOD. management to Adjusted presentation the management these FOOD measures use and The Management of historical financial limitations, uses the of Adjusted these EBITDA Company PEO
Slide 4: Agenda
BusinessFOOD Agenda Quarterly Closing FOOD. 3Appendix Comments Highlights Financial PEOPLE. Update EASY.
Slide 5: Business Update
BusinessFOOD Agenda Quarterly Closing FOOD. 4Appendix Comments Highlights Financial PEOPLE. Update EASY.
Slide 6: Q3 Business Highlights
External Organic Acquisitions Q3 Net Adjusted Business Category Sales Business/Organization Note: 5FOOD. sales results income Force (1)FOOD units macro increased Highlights transformation EBITDA Reconciliation Management was Effectiveness added increased PEOPLE. ‘headwinds’ $22 3.3% was 0.7% million
Slide 7: Quarterly Financial Update
BusinessFOOD Agenda Quarterly Closing 6FOOD. Comments Highlights Financial PEOPLE. Appendix Update EASY.
Slide 8: Q3 Financial Performance
$Q3IN GROSS OPERATING % NET ADJUSTED Notes: Individual 7FOOD. OF Financial MILLIONS SALES INCOME/(LOSS) NET (1) FOOD PROFIT Reconciliations components SALES GROSS OPERATING EBITDA1 EBITDA Performance $5,687 EXPENSES PEOPLE. Q3 $971 17.1% 13.2% $5,507 2013 PROFIT1 MARGIN2 $925 may $217 $22 EASY. of Q
Slide 9: LTM Q3 Financial Performance
$LTM Q3 GROSS OPERATING % NET ADJUSTED CONSOLIDATED Notes: (2) Consolidated Individual 8FOOD. IN OF Consolidated Last 2013 MILLIONS SALES INCOME/(LOSS) LTM NET (1) FOOD Twelve PROFIT Q3 Reconciliations components SALES 2012 GROSS OPERATING EBITDA $22,185 EBITDA EXPENSES PEOPLE. Month EBITDA B/(W) $3
Slide 10: Quarterly Cash Flow, Capital Expenditures and Acquisitions
$Quarterly Capital Acquisitions Cash Net Beginning Ending Note: 9FOOD. INCash MILLIONS Flow from used Individual Expenditures, Cash FOOD Change Cash in Cash Operating Performance ($14) Financing $149 PEOPLE. Flow $242 components Q1 ($93) $203 ($14) 2013 Activities net $149 Activities $54 $137 EASY.
Slide 11: Capital Structure and Debt Statistics
Capital Q3 $As ABL ABS CMBS Term Other Senior Total Less: Net Credit Debt Interest 5.3x 8.2x 9.0x At Notes: 2.8x 1.3x EBITDA (3) FOOD. 10INClose of Interest 2013 Debt 8.0x MILLIONS /LTM Coverage Facility Revolver Senior Debt Loan Restricted Cash Consolidated Debt Statistics Notes (1) Facility Struct
Slide 12: Liquidity
We As $Liquidity Borrowing ABL Total FOOD. 11INof have MILLIONS Revolver Cash FOOD $844 Availability: & Cash and million (2016) PEOPLE. Borrowing 9/28/2013 Equivalents $707 of available EASY. Availability $137liquidity. $844
Slide 13: Closing Comments
BusinessFOOD Agenda Quarterly Closing FOOD. AppendixComments Highlights Financial PEOPLE. Update EASY. 12
Slide 14: Appendix
BusinessFOOD Agenda Closing FOOD. Appendix 13 Comments Highlights PEOPLE. Quarterly EASY. Financial Update
Slide 15: Non-GAAP Reconciliations
Non-GAAP Management directors performance, allowing While calculation result, Due FOOD. 14 tomanagement the these FOOD do for use ofReconciliations not alimitations, believes establish these of better PEOPLE. consider these non-GAAP believes understanding these non-GAAP future these part EASY. non-G
Slide 16: Net Income to Adjusted EBITDA Reconciliation
Non-GAAP 13-Weeks (In Net Interest Income Depreciation EBITDA Sponsor Adjustments: Restructuring Share-based LIFO Loss Pension Business Other Adjusted Notes: (2) recorded (5) premium write-off unamortized issuance (6) functionalization (8) FOOD. 15 The millions) Restructuring Consists Other income/(
Slide 17: Gross Profit and Operating Expenses Reconciliation
Non-GAAP 13-Weeks (In Gross LIFO Operating Depreciation Adjustments: Sponsor Restructuring Share-based Pension Business Other Adjusted Notes: (2) (3) recorded participating (7) Individual FOOD. 16 millions) Consists Restructuring Other reserve (7) Profit (1) FOOD settlement fees for transformation G
Slide 18: US Foods: Keeping Kitchens Cooking
US FOODSKITCHENS COOKING. KEEPING