THOR Industries, Inc. · NYSE:THO
THOR Industries — Q3 FY2020 Earnings Presentation
13 slides from THOR Industries's earnings presentation, Jun 8, 2020
Slide 1: Third Quarter Fiscal 2020 Results
THIRD QUARTER FISCAL 2020 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 Highlights Fiscal Year 2020
Third Quarter Highlights Fiscal Year 2020 $1.68 bn European 36.6% $615.3 mm Other NET SALES 1.7% In the third fiscal quarter, Thor $29.0 mm NA Motorized was profitable and generated 15.7% $264.0 mm positive net cash from operations. Net cash from 12.2% NA Towables 46.0% operations for the year-to- d
Slide 4: Third Quarter 2020 Financial Results
Third Quarter 2020 Financial Results Net Sales Net sales were $1.68 billion in the third quarter, reflecting the economic impact of the COVID-19 pandemic Gross Profit Gross profit was $205.6 million in the third quarter Gross profit margin improved to 12.2% in the third quarter of fiscal 2020 from 1
Slide 5: COVID-19 Response and Actions
COVID-19 Response and Actions • Temporarily suspended production at all of its North American RV production facilities and a substantial portion of its European RV production in late March Cost • Aligned cost structure with volumes and demand environment • Enacted employee furloughs or pay reduction
Slide 6: North American Towable Segment
Third Quarter 2020 North American Towable Segment Net Sales Net sales of North American Towable RVs in the third quarter of fiscal 2020 showed the impact of the COVID-19 pandemic on current-period sales, decreasing 37.5% Gross Profit Margin Gross profit margin was in line with the prior fiscal third
Slide 7: North American Motorized Segment
Third Quarter 2020 North American Motorized Segment Net Sales Fiscal 2020 third quarter net sales of North American Motorized RVs reflected the impact of the COVID-19 pandemic on current-period sales which decreased by 42.5% compared to the prior year Gross Profit Margin Gross profit margin remained
Slide 8: European Segment
Third Quarter 2020 European Segment Other Caravans 10.5% 10.7% $65.0 mm $65.8 mm $615.3 mm in Net Sales Campervan 17.0% European RV segment net sales for the fiscal $104.5 mm third quarter were down 19.8% from $767.5 million in the prior-year period, and Motorcaravan 61.8% included the impact of the
Slide 9: Thor: Go Everywhere. Stay Anywhere
THOR Go Everywhere. Stay Anywhere* NORTH AMERICAN TOWABLE EUROPEAN €.\ AIRSTREAM ots B Buccancer Carado - =p (] Dutchmen Gacy GppHighland yayeq Compass —CROSSCAMP Dethleffs RIDGE RV eesesions emu A smncrarts ~@EIddis -=ERIBA ETRVSCO I! 2 FREEONTOUR GOLDSCHMITT Z=HYMER ~~ 1 McRent NORTH AMERICAN MOTO
Slide 10: RV Industry Overview — North America
RV Industry Overview — North America Consumer Confidence vs. RV Retail Registrations 2020 Industry Wholesale Shipments by Type (2) Note: 2020 represented above includes the trailing twelve months of registrations ended March Calendar Year-to-Date RV Market Share (1) 1.1% 1.1% 1.5% 1.3% 8.6% 8.7% 15.
Slide 11: RV Industry Overview — North America
RV Industry Overview — North America RV Wholesale Market Trends (Units 000's) YTD Shipments (Units) 5-year CAGR: Mar. 2020 Mar. 2019 Unit Change % Change 2.6% 100,404 99,976 428 +0.4% Towable RV Wholesale Market Trends (Units 000's) YTD Shipments (Units) 5-year CAGR: Mar. 2020 Mar. 2019 Unit Change
Slide 12: RV Industry Overview — Europe
RV Industry Overview — Europe European Industry Unit Registrations by Country (1) Caravans Motorcaravans Total First-Quarter Registrations Country YTD March 31, % YTD March 31, % YTD March 31, % 2020 2019 Change 2020 2019 Change 2020 2019 Change • The Company monitors retail trends in the Germany 6,
Slide 13: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912 www.thorindustries.com