Mastercraft Boat Holdings, Inc. · NASDAQ:MCFT

Mastercraft Boat — Q3 2024 Earnings Presentation

19 slides from Mastercraft Boat's earnings presentation, May 8, 2024

  1. Slide 1: Fiscal Third Quarter 2024 Results

    FISCAL THIRD QUARTER 2024 RESULTS MAY 8, 2024

  2. Slide 2: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward- looking statements generally relate to future events and include, without limitation, projections

  3. Slide 3: Call Participants

    CALL PARTICIPANTS Brad Nelson Chief Executive Officer Tim Oxley Chief Financial Officer F I S C AL T H I R D Q U AR T E R 2 0 2 4 R E S U L T S 3

  4. Slide 4: Diversified Portfolio of Leading Brands

    DIVERSIFIED PORTFOLIO OF LEADING BRANDS SERVING THE FASTEST GROWING CATEGORIES OF THE POWERBOAT INDUSTRY SKI-WAKE PONTOON LUXURY DAY BOATS BOATS BOATS Iconic brand recognized as Growing pontoon brand De novo brand that creates an the premier brand in the delivering consumers a elevated open water fa

  5. Slide 5: Fiscal Third Quarter 2024 Results

    FISCAL THIRD QUARTER 2024 RESULTS F I S C AL T H I R D Q U AR T E R 2 0 2 4 R E S U L T S 5

  6. Slide 6: Third Quarter Earnings Highlights

    THIRD QUARTER EARNINGS HIGHLIGHTS Better-than-Expected Resilient Balance Sheet Rebalancing Dealer Revising Full Year Guidance Financial Results Provides Abundant Flexibility Inventories  N e t s a les o f $ 95.7 millio n , d ow n  St r o n g b a lance s h eet p r o vid es  D e aler in ve n t o ri

  7. Slide 7: Third Quarter Comparative Results

    THIRD QUARTER COMPARATIVE RESULTS NET SALES ADJUSTED EBITDA ADJUSTED DILUTED NET UNIT VOLUME ($’s in millions) ($’s in millions) INCOME PER SHARE $180 $166.8 $95.7 1,656 805 $35 $33.0 $1.60 1,800 $160 $12.8 34 $1.40 $1.36 1,600 $30 $140 $36.4 1,400 $25 $1.20 $120 722 1,200 $1.00 $20 $100 1,000 $11.7

  8. Slide 8: Third Quarter YTD Comparative Results

    THIRD QUARTER YTD COMPARATIVE RESULTS NET SALES ADJUSTED EBITDA ADJUSTED DILUTED NET UNIT VOLUME ($’s in millions) ($’s in millions) INCOME PER SHARE $600 $495.5 $299.4 4,901 2,570 $120 $4.50 6,000 $3.98 $98.7 $4.00 $500 $100 $39.6 5,000 100 $3.50 $400 $80 $116.6 4,000 $3.00 2,344 $60 $2.50 $300 $31

  9. Slide 9: Balise Pontoon Launch

    BALISE PONTOON LAUNCH F I S C AL T H I R D Q U AR T E R 2 0 2 4 R E S U L T S 9

  10. Slide 10: Capital Allocation Framework

    CAPITAL ALLOCATION FRAMEWORK RETAIN STRONG INVEST IN GROWTH FINANCIAL POSITION Organic Grow th:  Maintain healthy balance sheet • New products / R&D • Internal brand development  Ensure adequate liquidity • Capacity expansion  Zero net debt M&A: • Strategic acquisitions to fill consumer w hite sp

  11. Slide 11: Fiscal Year 2024 Guidance

    FISCAL YEAR 2024 GUIDANCE METRIC FY 2024 Between $360M and Net Sales $365M Between $28M and Adjusted EBITDA $30M Between $0.95 and Adjusted EPS $1.05 Capital Expenditures Approximately $17M F I S C AL T H I R D Q U AR T E R 2 0 2 4 R E S U L T S 11

  12. Slide 12: Appendix

    APPENDIX F I S C AL T H I R D Q U AR T E R 2 0 2 4 R E S U L T S 12

  13. Slide 13: Third Quarter Adjusted EBITDA Reconciliation

    THIRD QUARTER ADJUSTED EBITDA RECONCILIATION  The following table sets forth a reconciliation of net income from continuing % of % of Q3 FY24 Q3 FY23 ($ in thousands) sales sales operations as determined in Net income from continuing operations $3,826 4.0% $22,782 13.7% accordance with U.S. GAAP In

  14. Slide 14: Third Quarter YTD Adjusted EBITDA Reconciliation

    THIRD QUARTER YTD ADJUSTED EBITDA RECONCILIATION  The following table sets forth a reconciliation of net income from continuing operations as determined in Q3 FY24 % of Q3 FY23 % of YTD sales YTD sales accordance with U.S. GAAP ($ in thousands) Net income from continuing operations $16,829 5.6% $67

  15. Slide 15: Third Quarter Adjusted Net Income Reconciliation

    THIRD QUARTER ADJUSTED NET INCOME RECONCILIATION ($ in thousands, except per share and share amounts) Q3 FY24 Q3 FY23 Net income from continuing operations $3,826 $22,782  The following table sets Income tax expense 806 6,744 Amortization of acquisition intangibles 450 462 forth a reconciliation of

  16. Slide 16: Third Quarter YTD Adjusted Net Income Reconciliation

    THIRD QUARTER YTD ADJUSTED NET INCOME RECONCILIATION Q3 FY24 Q3 FY23 YTD YTD  The following table sets ($ in thousands, except per share and share amounts) Net income from continuing operations $16,829 $67,400 Income tax expense 4,408 20,353 forth a reconciliation of Amortization of acquisition int

  17. Slide 17: Third Quarter Adjusted Net Income per Share Reconciliation

    THIRD QUARTER ADJUSTED NET INCOME PER SHARE RECONCILIATION  The following table sets forth a reconciliation of ($ in thousands, except per share amounts) Q3 FY24 Q3 FY23 net income from Net income from continuing operations per diluted share Income tax expense $0.23 0.05 $1.28 0.38 continuing opera

  18. Slide 18: Third Quarter YTD Adjusted Net Income per Share Reconciliation

    THIRD QUARTER YTD ADJUSTED NET INCOME PER SHARE RECONCILIATION  The following table sets forth a reconciliation of Q3 FY24 Q3 FY23 net income from ($ in thousands, except per share amounts) YTD YTD continuing operations per Net income from continuing operations per diluted share Income tax expense

  19. Slide 19: MasterCraft Boat Holdings

    MASTERCRAFT BOAT HOLDINGS IVC.

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