THOR Industries, Inc. · NYSE:THO
THOR Industries — Q3 FY2022 Earnings Presentation
13 slides from THOR Industries's earnings presentation, Jun 6, 2022
Slide 1: Thor Industries Third Quarter of Fiscal 2022 Financial Results
THOR INDUSTRIES THIRD QUARTER OF FISCAL 2022 FINANCIAL RESULTS www.thorindustries.com
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes certain statements that are “forward-looking” statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 193
Slide 3: Third Quarter of Fiscal Year 2022
THIRD QUARTER OF NORTH AMERICAN INDEPENDENT DEALER FISCAL YEAR 2022 INVENTORY OF THOR PRODUCTS Net Sales $4.66 billion* +34.6%** *** *** *** Includes units of Tiffin products subsequent to the December 2020 acquisition of the Tiffin Group Gross Margin NA Motorized $1.05 bn RV BACKLOG OF 17.3% NA Tow
Slide 4: North American Towable Segment
NORTH AMERICAN TOWABLE SEGMENT Third Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Increased 53.0%* due to an increase Increased 190 basis points* driven by Decreased approximately 7%* to in unit shipments, changes in product improved labor, overhead, freight and $6.90 billion m
Slide 5: North American Motorized Segment
NORTH AMERICAN MOTORIZED SEGMENT Third Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Increased 35.8%* driven by an Increased 410 basis points* driven by Increased approximately 16%* to increase in unit shipments, changes a reduction in sales discounts, $4.10 billion in product m
Slide 6: European Segment
EUROPEAN SEGMENT Third Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Decreased 19.0%* driven by a 12.5% Increased by 40 basis points* due to THOR’s European RV backlog decrease in unit shipments and a improved labor and warranty costs, decreased approximately 14%* decrease in fo
Slide 7: Appendix
Go Everywhere. Stay Anywhere” a fo) = E
Slide 8: THOR At-a-Glance
THOR AT-A-GLANCE NORTH AMERICAN THOR Industries (NYSE: THO) was founded in 1980 and is TOWABLE MOTORIZED headquartered in Elkhart, Indiana. THOR is the sole owner of operating companies which, combined, represent the world’s largest manufacturer of recreational vehicles MANUFACTURING FRANCE 23,351,0
Slide 9: RV Industry Overview - North America
RV INDUSTRY OVERVIEW North America CONSUMER CONFIDENCE VS. RV RETAIL REGISTRATIONS 2022 INDUSTRY WHOLESALE UNIT SHIPMENTS BY TYPE (2) Note: 2022 represented above includes the trailing twelve months of registrations ended March CALENDAR YEAR RV RETAIL MARKET SHARE (1) 2.0% 1.5% 1.4% 1.7% 11.1% 8.8%
Slide 10: RV Industry Overview - North America
RV INDUSTRY OVERVIEW North America RV WHOLESALE MARKET TRENDS (UNI TS 000's) YTD Shipments (Units) 5-year CAGR (2016 - 2021): 6.9% March 2022 March 2021 Unit Change % Change 171,466 148,507 22,959 +15.5% TOWABLE RV WHOLESALE MARKET TRENDS (UNI TS 000's) YTD Shipments (Units) 5-year CAGR (2016 - 2021
Slide 11: RV Industry Overview - Europe
RV INDUSTRY OVERVIEW Europe EUROPEAN INDUSTRY UNIT REGISTRATIONS BY COUNTRY (1) Caravans Motorcaravans Total Country CYTD March 31, % CYTD March 31, % CYTD March 31, % 2022 2021 Change 2022 2021 Change 2022 2021 Change Germany 5,576 5,166 7.9 % 17,485 19,058 (8.3) % 23,061 24,224 (4.8) % The Company
Slide 12: Capital Management
CAPITAL MANAGEMENT NET CASH FROM OPERATIONS AND CAPITAL EXPENDITURES ($ millions) CASH PRIORITIES QUARTERLY DIVIDENDS PER SHARE Invest in THOR's business - Q3 capex spending of $52.9M Pay THOR's dividend - Q2 dividend of $0.43 per share* Reduce the Company's debt obligations - Reduced debt with Q3 t
Slide 13: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS Mark Trinske Michael Cieslak, CFA Vice President of Investor Relations Investor Relations Manager mtrinske@thorindustries.com mcieslak@thorindustries.com (574) 970-7912 (574) 294-7724 www.thorindustries.com