simplesmartuniquefab.investorroom.com/download/ufab_jefferies+deck+_+final.pptx.pdf2014 2015 2016 6m...
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19 1925
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20 20 22
3239 37
2010 2015 2020F
10.1 10.2 10.3 10.4 10.510.8
11.1 11.3 11.4 11.4 11.511.6
2005 2010 2015
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Predecessor Successor NA Vehicle Production Volumes
Growth from Existing
Customers
Growth from New Customers
Growth through Acquisitions & New Markets
Growth from New Products
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Awarded 4 new production orders for TwinShape since product launch in 2015
4 additional development & prototyping programs in place for future consideration
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(unaudited)
as of
July 2, 2017
Cash and cash equivalents $807
Total current assets 52,044
Property, plant and equipment, net 22,560
Goodwill and intangibles 50,569
Total long-term assets 74,811
Total assets $126,855
Current liabilities $19,120
Debt
Senior credit facility $54,649
Other debt 500
Total debt $55,149
Total liabilities $75,892
Stockholders' equity
Common stock $10
Additional paid-in-capital 45,637
Retained earnings 5,316
Total stockholders' equity $50,963
Total liabilities and stockholders' equity $126,855
Shares Outstanding 9,756
Total capitalization $106,112
Debt / Total Capital 52.0%
Net Debt / LTM Adjusted EBITDA 2.6
Working Capital $32,924
Current Ratio 2.7
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($ in thousands)
2011 2012 2013 2014 2015 2016 6M 2016 6M 2017
Net Income $1,643 $3,157 $ (908) $ 4,465 $ 5,029 $ 6,684 $ 2,433 $ 3,715
Income tax expense (benefit) 1,465 1,699 (164) 2,074 2,755 2,135 1,266 1,596
Interest expense, net 1,427 1,177 2,555 3,667 2,314 3,257 1,214 1,319
Depreciation and amortization 426 501 2,195 3,525 3,903 5,502 2,508 3,108
Change in control payments 340 1,000 1,890 - - - - -
Non-cash stock awards - - 65 34 206 166 86 75
Non-recurring integration expenses - - 135 110 87 173 69 3
Non-recurring step-up of inventory basis to fair market value - - 748 384 146 319 279 -
Non-recurring IPO costs - - - - 230 - - -
Transaction fees - 93 1,800 237 546 867 848 23
One-time consulting and licensing ERP system implementation costs - - - - - - - 539
Other / Restructuring expenses - 31 - - 374 35 35 -
Gain on sale of building - - - - - (147) - -
Adjusted EBITDA $5,301 $7,658 $8,316 $14,496 $15,590 $18,991 $ 8,738 $ 10,378
($ in thousands)
2014 2015 2016 6M 2016 6M 2017
Net Income $ 4,465 $ 5,029 $ 6,684 $ 2,433 $ 3,715
Non-cash stock awards 34 206 166 86 75
Non-recurring integration expenses 110 87 173 69 3
Non-recurring step-up of inventory basis to fair market value 384 146 319 279 -
Non-recurring IPO costs - 230 - - -
Transaction fees 237 546 867 848 23
One-time consulting and licensing ERP system implementation costs - - - - 539
Debt extinguishment costs - 387 60 60 -
Restructuring expenses - 374 35 35 -
Less: Gain on sale of building - - (147) - -
Less: Tax impact (243) (623) (428) (398) (192)
Adjusted Net Income $ 4,987 $ 6,382 $ 7,729 $ 3,413 $ 4,163
Diluted Weighted Average Shares Outstanding 6,864 8,427 9,896 9,869 9,905
Diluted-GAAP EPS $ 0.65 $ 0.60 $ 0.68 $ 0.25 $ 0.38
Diluted-Adjusted EPS $ 0.73 $ 0.76 $ 0.78 $ 0.35 $ 0.42
