Thor Industries, Inc. · NYSE:THO
Thor Industries — Q2 FY2022 Earnings Presentation
13 slides from Thor Industries's earnings presentation, Jun 2, 2022
Slide 1: Thor Industries Second Quarter of Fiscal 2022 Financial Results
THOR INDUSTRIES SECOND 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: Second Quarter of Fiscal Year 2022
SECOND QUARTER OF NORTH AMERICAN INDEPENDENT DEALER FISCAL YEAR 2022 INVENTORY OF THOR PRODUCTS Net Sales $3.88 billion * +42% Gross Margin NA Motorized $0.98 bn RV BACKLOG OF NA Towables 25.2% 17.4% $1.99 bn $17.73 BILLION +220 bps 51.2% +63.9% European $0.72 bn 18.7% Diluted EPS $4.79 +101% Other
Slide 4: North American Towable Segment
NORTH AMERICAN TOWABLE SEGMENT Second Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Increased 44.6%* primarily due to an Increased 240 basis points* driven by Increased approximately 99%* to increase in unit shipments, changes in improved labor, overhead and freight $10.44 billi
Slide 5: North American Motorized Segment
NORTH AMERICAN MOTORIZED SEGMENT Second Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Increased 69.3%* driven primarily by Increased 300 basis points* driven Increased approximately 45%* to an increase in unit shipments, primarily by a reduction in sales $4.23 billion changes in
Slide 6: European Segment
EUROPEAN SEGMENT Second Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Decreased 1.3%* driven primarily by the Decreased by 40 basis points* primarily THOR’s European RV backlog change in foreign exchange rates. Unit due to additional labor and overhead increased approximately 15
Slide 7: Appendix
‘Go Everywhere: Stay Anywhere” a4 fo) x= Ee
Slide 8: THOR At-a-Glance
THOR AT-A-GLANCE NORTH AMERICAN THOR Industries (NYSE: THO) was founded in 1980 and is TOWABLE MOTORIZED headquartered in Elkhart, Indiana. THOR is the sole owner of operating subsidiaries that, combined, represent the world’s largest manufacturer of RVs MANUFACTURING OPERATIONS IN FRANCE 23,351,000
Slide 9: RV Industry Overview - North America
RV INDUSTRY OVERVIEW North America CONSUMER CONFIDENCE VS. RV RETAIL REGISTRATIONS 2021 INDUSTRY WHOLESALE UNIT SHIPMENTS BY TYPE (2) CALENDAR YEAR RV RETAIL MARKET SHARE (1)(4) 1.9% 1.4% 1.5% 1.3% 9.2% 8.7% 7.5% 12.7% 6.9% THOR 8.7% 7.4% 10.0% Forest River 2021 2020 Winnebago 2021 2020 Towable 40.8
Slide 10: RV Industry Overview - North America Wholesale Trends
RV INDUSTRY OVERVIEW North America RV WHOLESALE MARKET TRENDS (UNITS 000's) YTD Shipments (Units) 5-year CAGR: 6.9% Dec. 2021 Dec. 2020 Unit Change % Change 600,240 430,412 169,828 +39.5% TOWABLE RV WHOLESALE MARKET TRENDS (UNITS 000's) YTD Shipments (Units) 5-year CAGR: 7.7% Dec. 2021 Dec. 2020 Uni
Slide 11: RV Industry Overview - Europe
RV INDUSTRY OVERVIEW Europe EUROPEAN INDUSTRY UNIT REGISTRATIONS BY COUNTRY (1) Caravans Motorcaravans Total Country The Company monitors retail trends Calendar Year % Calendar Year % Calendar Year % in the European RV market as 2021 2020 Change 2021 2020 Change 2021 2020 Change Germany 24,718 29,14
Slide 12: Capital Management
CAPITAL MANAGEMENT NET CASH FROM OPERATIONS AND CAPITAL EXPENDITURES ($ millions) CASH PRIORITIES QUARTERLY DIVIDENDS PER SHARE Invest in THOR's business Pay THOR's dividend Reduce the Company's debt obligations Support opportunistic strategic investments, to enhance long-term shareholder value Repu
Slide 13: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS Mark Trinske Mike 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