Supreme Industries Limited · NSE:SUPREMEIND
Supreme Industries — Investor Presentation (October 2014)
23 slides from Supreme Industries's investor presentation, Oct 30, 2014
Slide 1: Investor Presentation October 2014
INVESTOR PRESENTATION OCTOBER 2014 www.supremecorp.com
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Other than historical facts contained herein, the matters set forth in this presentation are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended, and reflect the vie
Slide 3: Management
MANAGEMENT 3 Matt Long President and CEO CFO / Treasurer VP of Operations VP of Sales President and Chief Executive Officer since May of 2013 Extensive experience in operations, new product development and strategic leadership Prior to joining Supreme, served 10 years as the Group President of the E
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS 4 1970’s Significant brand recognition with 40 year heritage Over 20,000 truck bodies delivered annually Extensive pool chassis program with leading light-duty OEMs Nationwide footprint with eight production facilities Application of computer aided design and 3-D modeling to op
Slide 5: Corporate Overview
CORPORATE OVERVIEW Leading manufacturer of specialized commercial vehicles including truck bodies, trolleys, and specialty vehicles. Headquartered in Goshen, Indiana with approximately 1,500 employees Publicly traded on NYSE (STS) Recognized nationwide as the most diversified truck body manufacturer
Slide 6: National Footprint
NATIONAL FOOTPRINT 6 Griffin, Georgia Harrisville, Rhode Island Cleburne, Texas Goshen, Indiana (Corporate Office) Jonestown, Pennsylvania Moreno Valley, California Ligonier, Indiana Truck Trolley Specialty Vehicles Structural Laminating
Slide 7: Favorable Market Dynamics / Competitor Landscape
FAVORABLE MARKET DYNAMICS The North American medium duty industry has positive momentum after bottoming out in 2009. September Class 5-7 orders were the third strongest since early 2008, Class 5 orders were up 16% compared to last year and Class 6-7 orders rose 14%. Class 5-7 backlog rose 600 units
Slide 8: Truck Bodies
TRUCK BODIES Offers a complete line of multi-purpose truck bodies Shipments of more than 20,000 bodies annually Manufacture proprietary truck sidewalls made from Aluminum, FiberPanel™ PW, Signature Plate and FiberPanel™ HC 8
Slide 9: Supreme Specialty Vehicles and Trolleys
SUPREME SPECIALTY VEHICLES AND TROLLEYS 9 Manufactured with state-of-the-art technology and engineering Products customized to application Highly skilled workforce experienced in ballistic armoring Holds Department of Defense security clearance Evokes the spirit of travel and exploration Theme Parks
Slide 10: North American Products and Markets Served
NORTH AMERICAN PRODUCTS AND MARKETS SERVED 10 2013 2013 Vehicle Mix Customer Mix Dollars
Slide 11: Diversified Customer Mix
DIVERSIFIED CUSTOMER MIX Customers include: national rental fleets, national and regional leasing companies, truck chassis dealers and fleet operators Seasonal demand peaks typically in first half of year driven by rental fleet orders Low financial impact with loss of any single account 11 2013 Acco
Slide 12: Restructuring Progress
RESTRUCTURING PROGRESS 12 Initiated financial turnaround New CFO Established margin discipline Invested capital to establish lean manufacturing Debt refinanced New CEO Conducted strategic assessment of shuttle bus business Divested shuttle bus business Management team in place Strategic Planning ini
Slide 13: Growth Strategy - FiberPanel HC
GROWTH STRATEGY - FIBERPANEL™ HC Polypropylene Honeycomb Structure Lightweight, durable (50% weight benefit) Lowers operating costs Rivet-less sides, perfect for graphics Provides FMVSS compliance and expands product offering in under 10,000 lb. GVW chassis Excellent in high moisture environments 13
Slide 14: Growth Strategy
GROWTH STRATEGY Maintain mix of retail and fleet Leverage growth trend in leasing Refrigerated applications 14 FiberPanel™ HC Signature Plate Application solutions Market coverage Information technology
Slide 15: Financial Summary
FINANCIAL SUMMARY
Slide 16: Consolidated Sales – Continuing Ops
CONSOLIDATED SALES – CONTINUING OPS 16 Quarterly Sales Annual Sales $ in Millions 2013 2014 (9 months)
Slide 17: Gross Profit / Gross Margin – Continuing Ops
GROSS PROFIT / GROSS MARGIN – CONTINUING OPS 17 $ in Millions Gross Margin Gross Profit (9 months) % of Sales
Slide 18: Income / (Loss) and EPS – Continuing Ops
INCOME / (LOSS) AND EPS – CONTINUING OPS 18 $ in Millions, except per share * Includes a $4.0M one-time charge. ** Includes a $3.8M one-time charge. (9 months) 2013 2014
Slide 19: EBITDA / Capital Expenditure
EBITDA / CAPITAL EXPENDITURE 19
Slide 20: Capital Structure
CAPITAL STRUCTURE 20 $ in Millions Total Debt to Capitalization
Slide 21: Appendix
APPENDIX
Slide 22: Reconciliation of (Loss)/Income to Adjusted (Loss)/Income
22 Reconciliation of (Loss)/Income to Adjusted (Loss)/Income $ in Millions Full Year 2013 2014 2010 2011 2012 2013 9 Mos. YTD 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 (Loss)/Income - GAAP $ (11,698) $ 791 $ 11,833 $ 6,426 $ 5,381 $ 2,304 $ 925 $ 1,531 $ 1,665 $ (1,343) $ 4,255 $ 2,469 Discontinued Operations, net
Slide 23: Reconciliation of EBITDA to Adjusted EBITDA
23 Reconciliation of EBITDA to Adjusted EBITDA $ in Millions Full Year 2013 2014 2010 2011 2012 2013 9 Mos. YTD 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 EBITDA - GAAP $ (6,257) $ 5,674 $ 15,415 $ 13,323 $ 10,924 $ 4,359 $ 2,264 $ 3,240 $ 3,459 $ (978) $ 7,259 $ 4,643 Discontinued Operations, net of tax Oregon 1,33
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