- The document is an investor presentation from Summer Infant for March 2015 that provides financial information and discusses the company's strategy.
- Key highlights include Summer Infant having leading brands in juvenile products, positive industry dynamics with increasing birth rates, new management focusing on improving performance, and earnings expansion underway through cost reductions and margin improvements.
- Financial information shows revenue growth in Q4 2014 versus the prior year and gross margin expansion, along with a significantly reduced operating loss and higher adjusted EBITDA for 2014 compared to 2013.
The presentation highlights how Covid-19 (Corona Virus) has impacted Global Ecommerce. It talks about Customer Sentiments, The categories that have performed well, and the categories that have declined during this period. The presentation also shares how industries have come together and offerings different offers to the community.
The presentation highlights how Covid-19 (Corona Virus) has impacted Global Ecommerce. It talks about Customer Sentiments, The categories that have performed well, and the categories that have declined during this period. The presentation also shares how industries have come together and offerings different offers to the community.
In this webinar, Mark Bruno of Informa Engage, Kristin Letourneau of Informa, Susan Theder and Samantha Russell shared tips for advisors who are looking to understand the marketing strategies and tactics that are the most important to drive meaningful, scalable growth - and will also provide a first look at the 2022 Study of Advisor Marketing.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q4 2013 Earnings Call. For more information, check out http://investors.linkedin.com/.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
2. Certain statements in this presentation that are not historical fact may be deemed “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and Summer
intends that such forward-looking statements be subject to the safe harbor created thereby. Such
forward-looking statements include statements regarding the market position of Summer; the growth
prospects of Summer; anticipated sales and operating results; the development of new products;
demand for Summer’s products; and Summer’s business strategy. Summer cautions that these
statements are qualified by important factors that could cause actual results to differ materially from
those reflected by such forward-looking statements. Such factors include the concentration of
Summer’s business with retail customers; the ability of Summer to compete in its industry; Summer’s
dependence on key personnel; Summer’s reliance on foreign suppliers; the costs associated with
pursuing and integrating strategic acquisitions; the costs associated with protecting intellectual
property; and other risks as detailed in Summer’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2014, and subsequent filings with the Securities and Exchange Commission.
The information contained in this presentation is accurate as of the date set forth on the cover page.
Summer assumes no obligation to update the information contained in this presentation.
Safe Harbor
Certain statements in this presentation that are not historical fact may be deemed “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and Summer
intends that such forward-looking statements be subject to the safe harbor created thereby. Such
forward-looking statements include statements regarding the market position of Summer; the growth
prospects of Summer; anticipated sales and operating results; the development of new products;
demand for Summer’s products; and Summer’s business strategy. Summer cautions that these
statements are qualified by important factors that could cause actual results to differ materially from
those reflected by such forward-looking statements. Such factors include the concentration of
Summer’s business with retail customers; the ability of Summer to compete in its industry; Summer’s
dependence on key personnel; Summer’s reliance on foreign suppliers; the costs associated with
pursuing and integrating strategic acquisitions; the costs associated with protecting intellectual
property; and other risks as detailed in Summer’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2014, and subsequent filings with the Securities and Exchange Commission.
The information contained in this presentation is accurate as of the date set forth on the cover page.
Summer assumes no obligation to update the information contained in this presentation.
2
3. Investor Highlights
Leading provider of juvenile products with strong, well-
known brands
• Summer - Monitors, Safety, Gear, & Bath
• SwaddleMe - Nursery
• Born Free - Feeding
Positive industry dynamics
• Increasing birth rates
• More Millennial parents with higher disposable income
New management
3
New management
• Enhanced experience across functional areas
• Focus on improving operating performance, and reducing debt
Expanding revenue potential
• Focus on consumer driven innovation in core categories
• Expanding e-commerce opportunities
• International markets and specialty retail
Earnings expansion underway
• Streamlined operations
• Exiting poorly performing products / licensing arrangements
• Focus on high-margin categories and effective pricing strategies
4. Business Overview
Unique
Positioning
to Meet
Moms Needs
Brand
Creating a safe, calm feeding
experience
Innovative Care & Safety
products that provide
peace of mind
The authority on safe sleep
A Portfolio of Strong Brands with Focus on Key Parenting Needs
Serving Key Consumer Touch Points in Safety, Safe Sleep, and Feeding
4
Unique
Positioning
to Meet
Moms Needs
Key
Categories
Innovative Care & Safety
products that provide
peace of mind
Leveraging Brand Positioning, Breadth of Product Offering &
Innovation to Improve Consumer Relationship
Monitors
Gates
Bath & Potty
Strollers
Travel Accessories
Highchairs/Boosters
Swings/Bouncers
Bottles
Pacifiers
Teethers
Feeding
Electronics
Wearable Blankets
Infant Sleep Aids
Bedding
6. Focused Brand Strategy
Innovative New Products
Unique
Positioning
to Meet
Moms Needs
Brand
Continue to strengthen Continue to strengthen
Focused Growth
Opportunity
HD Video Monitors
Available Now
6
Unique
Positioning
to Meet
Moms Needs
Focused Growth
Opportunity
Little Me / SwaddleMe
Co-branded swaddle blankets
Available Mid-2015
*Dates for availability are subject to change
Glass Bottles
Currently Available
Bottle Genius
Currently Available
Ultimate Pop ‘N Play
Available Now
HD Video Monitors
Available Now
Keep Me Warm
Available Now
Focused Growth Opportunity
3Dzyre Stroller
Available Now
7. Focus on Core Brands
• Reduction in lower profit licensed brands
• 2014 revenue from Summer owned brands
increased 8.75%
• Product innovation focus on Summer,
SwaddleMe and Born Free brands
• New product introductions each year
represent at least 20% of annual revenue
Focus on Core Brands & Channel Diversification
7
Baby Specialty 28%
E-Commerce 20%
Specialty 3%
Department Stores 3%
Discount/Outlet 3%
Mass 21%
International 16%
All Other 6%
2014 Sales by Channel
Babies R Us
BuyBuyBaby
(Excludes drop ship)
Canada, EMEA, APLA
Walmart (US)
Target (US)
(Excludes .COM)
Amazon
Diapers.Com
Zulily
US & INT Retailers
(.COM/Drop Ship)
Customer & Channel Diversification
• Top 7 customer; 74% 2014 vs. 78% 2013
• Increased focus and growth from e-commerce;
up 40% year-over-year
• Future revenue opportunities identified in
International, Specialty & Department Stores
• Working with select large retailers to enhance
our presence on their websites
• Working to improve mobile and e-commerce
capabilities on summerinfant.com
8. Understanding Millennial Moms
59% bought a
product
recommended by
another mom on a
parenting site 44% make
purchases online
via their
smartphone
85% of the time
they spend
online is using
APPS
9,000 Babies
each day are
born to our
Millennial Mom
Millennials
represent $170
billion in annual
purchasing power
CONFIDENTIALINFORMATION
Connected:
Texting, pinning, tweeting,
status updating; she
spends on average 17.4
hours a week on Social
media.
Believe strongly
that recommendations
by other parents (46%)
and experts (35%) is
important
Share Everything/
Share Often:
Online and in-person, she
talks about her product
experiences and solicits
feedback from her peers
when planning a purchase.
8
9. Expanding Digital Strategy
Video content for use on social, owned website & retailer sites
Email Blast to our Summer
Circle Subscribers
Sweepstakes shared across social media and website
Seeding & support for
Online Reviews
10. Turnaround in Progress
• New management
• Streamlined product focus
• Exited non-core areas & licensing agreements
• 140 bps higher gross margin year-over-year
• 32% increase YoY in Adjusted EBITDA
2014 Successes
10
• Target new markets
• Further expand margins
• Restructure credit facilities
• Drive cash flow
• Pay down debt
• Leverage G&A structure
Focus for 2015
11. Historical Financials
January 3, 2015 December 31, 2013 January 3, 2015 December 31, 2013
(unaudited) (unaudited)
Net sales $ 50,969 $ 44,738 $ 205,359 $ 208,173
Cost of goods sold 34,521 30,307 138,418 143,166
Gross profit 16,448 14,431 66,941 65,007
General & administrative expenses(1)
10,770 9,826 40,273 38,022
Selling expense 4,695 4,785 18,437 20,839
Depreciation and amortization 1,416 1,364 5,548 6,280
Operating (loss)/income (433) (1,544) 2,683 (134)
Interest expense 884 871 3,455 3,999
Loss before taxes $ (1,317) $ (2,415) $ (772) $ (4,133)
(Benefit) for income taxes (706) (737) (527) (1,318)
Net loss $ (611) $ (1,678) $ (245) $ (2,815)
Loss per diluted share $ (0.03) $ (0.09) $ (0.01) $ (0.16)
Shares used in fully diluted EPS 18,141,738 17,979,480 18,060,799 17,929,734
For the fiscal year endedFor the 3 Months Ending
January 3, 2015 December 31, 2013 January 3, 2015 December 31, 2013
(unaudited) (unaudited)
Net sales $ 50,969 $ 44,738 $ 205,359 $ 208,173
Cost of goods sold 34,521 30,307 138,418 143,166
Gross profit 16,448 14,431 66,941 65,007
General & administrative expenses(1)
10,770 9,826 40,273 38,022
Selling expense 4,695 4,785 18,437 20,839
Depreciation and amortization 1,416 1,364 5,548 6,280
Operating (loss)/income (433) (1,544) 2,683 (134)
Interest expense 884 871 3,455 3,999
Loss before taxes $ (1,317) $ (2,415) $ (772) $ (4,133)
(Benefit) for income taxes (706) (737) (527) (1,318)
Net loss $ (611) $ (1,678) $ (245) $ (2,815)
Loss per diluted share $ (0.03) $ (0.09) $ (0.01) $ (0.16)
Shares used in fully diluted EPS 18,141,738 17,979,480 18,060,799 17,929,734
For the fiscal year endedFor the 3 Months Ending
Q4 revenue up 14% vs. Q4 2013.
Full year, excluding discontinued licensed products revenue, was up 5.3% in 2014 vs. 2013
Significantly reduced operating loss YoY
Margin up 140 bps YoY
11
12. Balance Sheet
January 3, 2015 December 31, 2013
Cash and cash equivalents $ 1,272 $ 1,573
Trade receivables, net 38,794 34,574
Inventory, net 44,010 38,378
Property and equipment, net 13,080 14,796
Other intangibles, net 20,679 21,575
Other assets 4,632 4,471
Total assets $ 122,467 $ 115,367
Accounts payable $ 21,878 $ 22,072
Accrued expenses 8,628 9,658
Current portion of long-term debt 1,641 1,962
Long term debt, less current portion 57,097 47,756
Other long term liabilities 2,994 3,289
Deferred tax liabilities 2,378 3,140
Total liabilities 94,616 87,877
Total stockholders’ equity 27,851 27,490
Total liabilities and stockholders’ equity $ 122,467 $ 115,367
12
January 3, 2015 December 31, 2013
Cash and cash equivalents $ 1,272 $ 1,573
Trade receivables, net 38,794 34,574
Inventory, net 44,010 38,378
Property and equipment, net 13,080 14,796
Other intangibles, net 20,679 21,575
Other assets 4,632 4,471
Total assets $ 122,467 $ 115,367
Accounts payable $ 21,878 $ 22,072
Accrued expenses 8,628 9,658
Current portion of long-term debt 1,641 1,962
Long term debt, less current portion 57,097 47,756
Other long term liabilities 2,994 3,289
Deferred tax liabilities 2,378 3,140
Total liabilities 94,616 87,877
Total stockholders’ equity 27,851 27,490
Total liabilities and stockholders’ equity $ 122,467 $ 115,367
Inventory up 15% YoY down sequentially QoQ by 9.7%
AR increase due to 14% higher sales vs. prior year 4Q
Both contributing factors to higher YE debt level
13. EBITDA Reconciliation
January 3, 2015 December 31, 2013 January 3, 2015 December 31, 2013
(unaudited) (unaudited)
Reconciliation of Non-GAAP EBITDA
Net loss $ (611) $ (1,678) $ (245) $ (2,815)
Plus: interest expense 884 871 3,455 3,999
Plus: benefit for income taxes (706) (737) (527) (1,318)
Plus: depreciation and amortization 1,416 1,364 5,548 6,280
Plus: non-cash stock based stock compensation expense 209 164 1,220 893
Plus: permitted add-backs (2) 838 951 3,294 2,637
Adjusted EBITDA $ 2,030 $ 935 $ 12,745 $ 9,676
For the fiscal year endedFor the 3 Months Ending
13
January 3, 2015 December 31, 2013 January 3, 2015 December 31, 2013
(unaudited) (unaudited)
Reconciliation of Non-GAAP EBITDA
Net loss $ (611) $ (1,678) $ (245) $ (2,815)
Plus: interest expense 884 871 3,455 3,999
Plus: benefit for income taxes (706) (737) (527) (1,318)
Plus: depreciation and amortization 1,416 1,364 5,548 6,280
Plus: non-cash stock based stock compensation expense 209 164 1,220 893
Plus: permitted add-backs (2) 838 951 3,294 2,637
Adjusted EBITDA $ 2,030 $ 935 $ 12,745 $ 9,676
For the fiscal year endedFor the 3 Months Ending
Not included in the Adjusted EBITDA calculation is $1.1 million of costs associated with the recall announced in 2014.
14. Adjusted EPS Reconciliation
January 3, 2015 December 31, 2013 January 3, 2015 December 31, 2013
(unaudited) (unaudited)
Reconciliation of Adjusted EPS
Net loss $ (611) $ (1,678) $ (245) $ (2,815)
Plus: permitted add-backs (3)
479 648 1,884 1,796
Plus: unamortized deferred financing costs(4)
- - - 230
Plus: loss on certain close-out sales in January & February - - - 99
Adjusted Net (loss)/income $ (132) $ (1,030) $ 1,639 $ (690)
Adjusted earning per diluted share $ (0.01) $ (0.06) $ 0.09 $ (0.04)
For the fiscal year endedFor the 3 Months Ending
14
January 3, 2015 December 31, 2013 January 3, 2015 December 31, 2013
(unaudited) (unaudited)
Reconciliation of Adjusted EPS
Net loss $ (611) $ (1,678) $ (245) $ (2,815)
Plus: permitted add-backs (3)
479 648 1,884 1,796
Plus: unamortized deferred financing costs(4)
- - - 230
Plus: loss on certain close-out sales in January & February - - - 99
Adjusted Net (loss)/income $ (132) $ (1,030) $ 1,639 $ (690)
Adjusted earning per diluted share $ (0.01) $ (0.06) $ 0.09 $ (0.04)
For the fiscal year endedFor the 3 Months Ending
15. Senior Leadership Team
Carol Bramson 25+ Years Experience
Chief Executive Officer Strategic vision and management experience
Bob Stebenne 30+ Years Experience
President and Chief Operating Officer Adept at increasing business profitability
Ken Price 30+ Years Experience
President of Sales & Marketing Extensive customer relationships
Bill Mote 20+ Years Experience
Chief Financial Officer Deep global financial acumen
Anna Dooley 25+ Years Experience
SVP, Product Development Consumer driven innovation
Tony Paolo 30 Years Experience
SVP, Quality Assurance Commitment to exceptional quality
Ron Cardone 30 Years Experience
SVP, Information Technology Pragmatic approach to IT information resources
Mark Strozik 20+ Years Experience
SVP, Human Resources Strong talent management background
Carol Bramson 25+ Years Experience
Chief Executive Officer Strategic vision and management experience
Bob Stebenne 30+ Years Experience
President and Chief Operating Officer Adept at increasing business profitability
Ken Price 30+ Years Experience
President of Sales & Marketing Extensive customer relationships
Bill Mote 20+ Years Experience
Chief Financial Officer Deep global financial acumen
Anna Dooley 25+ Years Experience
SVP, Product Development Consumer driven innovation
Tony Paolo 30 Years Experience
SVP, Quality Assurance Commitment to exceptional quality
Ron Cardone 30 Years Experience
SVP, Information Technology Pragmatic approach to IT information resources
Mark Strozik 20+ Years Experience
SVP, Human Resources Strong talent management background
15
16. • New Experienced
Management Team
• Leading Designer & Supplier
of Juvenile Products
• Strong Well-Known Brands
• Positive Industry Dynamics
• Focus on Core Strengths:
Monitors, Safety, Nursery
• Targeted Growth Categories:
Gear, Feeding
• 2015 Year of Stability &
Earnings Improvement
Investor Highlights
• New Experienced
Management Team
• Leading Designer & Supplier
of Juvenile Products
• Strong Well-Known Brands
• Positive Industry Dynamics
• Focus on Core Strengths:
Monitors, Safety, Nursery
• Targeted Growth Categories:
Gear, Feeding
• 2015 Year of Stability &
Earnings Improvement
16
17. This presentation includes certain financial information not derived in accordance with generally
accepted accounting principles (“GAAP”). This presentation includes references to EBITDA, which is
defined as income before interest and taxes plus depreciation, amortization, deal-related fees and
non-cash stock option expense. Summer believes that the presentation of this non-GAAP measure
provides information that is useful to investors as it indicates more clearly the ability of Summer’s
assets to generate cash sufficient to pay interest on its indebtedness, meet capital expenditure and
working capital requirements and otherwise meet its obligations as they become due. The presentation
of this additional information should not be considered in isolation or as a substitute for results
prepared in accordance with GAAP. Summer has included a reconciliation of this information to the
most comparable GAAP measures in its filings with the Securities and Exchange Commission.
Recipients of the presentation and other interested persons are advised to read all reports and other
filings made by Summer with the Securities and Exchange Commission under the Securities Act of
1933, as amended, and Securities Exchange Act of 1934, as amended, including, but not limited to,
Summer’s Annual Report on Form 10-K for the year ended December 31, 2014. You can obtain a copy
of any of these filings, without charge, by directing a request to Summer Infant, Inc., 1275 Park East
Drive, Woonsocket, RI 02895, or on the Internet at the SEC’s website, www.sec.gov.
Use of Non-GAAP Financial Metrics
This presentation includes certain financial information not derived in accordance with generally
accepted accounting principles (“GAAP”). This presentation includes references to EBITDA, which is
defined as income before interest and taxes plus depreciation, amortization, deal-related fees and
non-cash stock option expense. Summer believes that the presentation of this non-GAAP measure
provides information that is useful to investors as it indicates more clearly the ability of Summer’s
assets to generate cash sufficient to pay interest on its indebtedness, meet capital expenditure and
working capital requirements and otherwise meet its obligations as they become due. The presentation
of this additional information should not be considered in isolation or as a substitute for results
prepared in accordance with GAAP. Summer has included a reconciliation of this information to the
most comparable GAAP measures in its filings with the Securities and Exchange Commission.
Recipients of the presentation and other interested persons are advised to read all reports and other
filings made by Summer with the Securities and Exchange Commission under the Securities Act of
1933, as amended, and Securities Exchange Act of 1934, as amended, including, but not limited to,
Summer’s Annual Report on Form 10-K for the year ended December 31, 2014. You can obtain a copy
of any of these filings, without charge, by directing a request to Summer Infant, Inc., 1275 Park East
Drive, Woonsocket, RI 02895, or on the Internet at the SEC’s website, www.sec.gov.
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