Thor Industries, Inc. · NYSE:THO
Thor Industries — Q2 FY2017 Earnings Presentation
8 slides from Thor Industries's earnings presentation, Mar 17, 2017
Slide 1: Investor Presentation March 17, 2017
www.thorindustries.com Investor Presentation March 17, 2017
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 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act
Slide 3: Record Second-Quarter Results
RECORD SECOND - QUARTER RESULTS Record revenues and earnings for the second quarter of fiscal 2017 Revenues grew 62.9% ▪ Consolidated revenues of $1.59 billion, up from $975.1 million in the second quarter of fiscal 2016 ▪ Towable revenues grew 55.0% to $1.08 billion ▪ Motorized revenues grew 95.6%
Slide 4: Second Quarter Gross Margin
SECOND QUARTER GROSS MARGIN Gross profit up 42.3% in the second quarter compared to the prior year Gross margin of 13.3% in the second quarter vs 15.3% in the prior year period The decrease in the gross margin was in line with management expectations for a number of reasons, namely: ▪ The second qua
Slide 5: Healthy Dealer Inventory Levels
HEALTHY DEALER INVENTORY LEVELS The modest increase in dealer inventory as of January 31, which was up 12.6% excluding Jayco, is in line with management expectations and reflects the continued strong performance of Thor’s towable and motorized products in the market, particularly our growth in the c
Slide 6: Current Conditions
CURRENT CONDITIONS Retail demand remains very strong with many of the spring shows reporting record attendance along with strong sales activity – which is translating to continued strong backlog levels as dealers restock. Marcus Lemonis, CEO of Camping World, the largest RV dealer in America with 13
Slide 7: Outlook
OUTLOOK We are not seeing any signs indicating a peak has been reached nor are we seeing any signs of stress in the sales chain. We expect Jayco will continue to add meaningful growth to both sales and profits for the remainder of fiscal 2017, with additional incremental margin improvements expected
Slide 8: Thor Industries
THOR INDUSTRIES THO i i fa www.thorindustries.com | 2