Slide 1: LCI Industries Q2 2022 Earnings Conference Call
LCI Industries Q2 2022 Earnings Conference Call August 2, 2022 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains certain “forward-looking statements” with respect to our financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive position, growth opportunities, acquisitions, plans and objectives of manag
Slide 3: Second Quarter 2022 Highlights
Second Quarter 2022 Highlights Continued focus on diversification to support long-term outperformance Record Results Executing on Diversification ■ Record net sales of $1.5 billion, net ■ Achieved double-digit growth income of $154.5 million in the second across all North American quarter markets ■
Slide 4: RV OEM Growth Drivers & Trends
RV OEM RV OEM Growth Drivers & Trends Key Drivers • 152,400 units shipped in Q2 2022 as secular trends continue to draw consumers into outdoor lifestyle • Q2 2022 North American RV OEM sales up 58% YoY Organic Growth Expectations • Current 2022 forecast of 500 - 530k units implies 35-45% decrease in
Slide 5: Expanding Markets
EXPANDING MARKETS Diversification Supporting Long-Term Outperformance Aftermarket Adjacent Markets ■ Q2 2022 sales up 13% YoY ■ Q2 2022 sales up 37% YoY ■ Furrion acquisition continues to act as catalyst for ■ Continued growth in Marine, supported by innovative products to come content expansion and
Slide 6: Innovation as a Culture
INNOVATION AS A CULTURE Innovation Focus Supporting Market Share and Content Expansion Independent Suspension ABS (Anti-Lock Brake) System Temp & Propane Sensors Gate Defender Jack OneControl On-The-Go Ladder Furrion Power Cord Set Continuously developing new product innovations to meet increasing d
Slide 7: Growth Strategy
GROWTH STRATEGY Growth progressed by innovation and demand Allocating Capital to Areas with the Integrating and Realizing Highest Growth Return Synergies from Recent • Investment in the business, with focus on automation Acquisitions projects • Realizing synergies from recent acquisitions as we • Re
Slide 8: Q2 2022 Financial Performance
Q2 2022 FINANCIAL PERFORMANCE Consolidated Net Sales Operating Margin Consolidated Net Sales by Market (in thousands) +52% $1,536,150 14.2% $1,093,720 8.6% RV OEM Second Quarter Second Quarter Second Quarter Second Quarter 2021 2022 2021 2022 +37% Adjacent OEM Consolidated Net Income +13% EBITDA* Af
Slide 9: Liquidity and Cash Flow
LIQUIDITY AND CASH FLOW As of and for the six months ended June 30 2022 2021 Cash and Cash Equivalents $55M $98M Remaining Availability under Revolving Credit $287M $373M Facility(1) Capital Expenditures $71M $42M Dividends $50M $42M Debt / Net Income (TTM) 2.3x 3.9x Net Debt/EBITDA (TTM) 1.3x(2) 2.
Slide 10: Appendix: Reconciliation of Non-GAAP Measures
APPENDIX Reconciliation of Non-GAAP Measures EBITDA Three Months Ended June 30, ($ in thousands) 2022 2021 Net Income $ 154,530 $ 67,889 Interest Expense, Net 6,191 3,472 Provision for Income Taxes 58,068 22,621 Depreciation and Amortization 31,907 26,754 EBITDA $ 250,696 $ 120,736 EBITDA is a non-G
Slide 11: Q&A
LCI INDUSTRIES Q&A 1