THOR Industries, Inc. · NYSE:THO

THOR Industries — Merger or Acquisition (December 2020)

7 slides from THOR Industries's merger presentation, Dec 18, 2020

  1. Slide 1: Acquisition of Tiffin Motorhomes

    ACQUISITION OF TIFFIN MOTORHOMES www.thorindustries.com

  2. 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

  3. Slide 3: THOR Welcomes Tiffin: Tiffin Company Profile

    THOR WELCOMES TIFFIN TIFFIN COMPANY PROFILE  Family owned and operated premium manufacturer of luxury recreational vehicles for 49 years with a longstanding reputation for outstanding product quality and customer service.  Tiffin generated approximately $800 million in revenue from the sale of RVs

  4. Slide 4: Transaction Overview: Purchase Price and Financing

    PURCHASE PRICE AND FINANCING  Total Consideration The purchase price was $300 million, subject to customary post-closing adjustments, and includes all real estate currently owned and utilized by the Tiffin Group*. The Purchase Agreement was executed and the transaction closed on December 18, 2020.

  5. Slide 5: Strategic Rationale

    STRATEGIC RATIONALE  Opportunities to enhance Tiffin’s operating margin exist in both the short-term and longer-term and are anticipated to be achieved through the sharing of best practices related to:  Operational efficiencies  Sourcing of raw materials, including leveraging our consolidated spe

  6. Slide 6: Product Portfolio

    PRODUCT PORTFOLIO Tiffin continues to expand and diversify its premium product offering RV Revenue Mix Fiscal Year Ended February 28, 2020 76% 14% 10% Class A Class C 5th-Wheel Est. 1972 Est. 2017 Est. 2019 RV Business named the 2021 Zephyr diesel pusher (shown to right) as a “2021 Top RV Debut” Cla

  7. Slide 7: Investor Relations Contact

    ACQUISITION OF TIFFIN MOTORHOMES Investor Relations Contact: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912 7

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