Thor Industries, Inc. · NYSE:THO
Thor Industries — Q1 FY2021 Earnings Presentation
12 slides from Thor Industries's earnings presentation, Dec 8, 2020
Slide 1: First Quarter of Fiscal 2021 Financial Results
FIRST QUARTER OF FISCAL 2021 FINANCIAL RESULTS Exhibit 99.2
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: Quarterly Highlights
Quarterly Highlights European 23.7% $0.60 bn NA Motorized 19.5% $0.49 bn NA Towables 54.9% $1.39 bn Other 1.9% $0.05 bn 14.9% Gross Margin $2.05 Diluted EPS $59.7 million Paid on debt related to the acquisition of its European operations in the first fiscal quarter North American Independent Dealer
Slide 4: Financial Results First Quarter of Fiscal 2021
Net Sales Net sales increased 17.5% to $2.54 billion in the first quarter of fiscal 2021, due to increased unit shipments across the business segments Gross Profit Margin Gross profit increased 22.7% to $378.9 million in the first quarter of fiscal 2021 Gross profit margin improved to 14.9% in the f
Slide 5: North American Towable Segment
Net Sales Net sales of North American Towable RVs increased 15.9% in the first quarter of fiscal 2021 compared to the prior-year period due to stronger demand for travel trailer and fifth wheel units Gross Profit Margin Gross profit margin increased 50 basis points in the fiscal first quarter, drive
Slide 6: North American Motorized Segment
Net Sales Fiscal 2021 first quarter net sales of North American Motorized RVs increased 18.7% compared to the prior-year period due to higher unit sales in our Class B and Class C motorhomes Gross Profit Margin Gross profit margin increased 300 basis points in the fiscal first quarter, driven by red
Slide 7: European Segment
Net Sales European RV segment net sales for the fiscal first quarter increased 22.2% from the prior-year period, driven primarily by an increase in unit shipments, an increase in the overall net price per unit due to the impact of changes in product mix, and a favorable impact from year-over-year ch
Slide 8: RV Industry Overview North America
(1) Source: Statistical Surveys, Inc., U.S. and Canada; CYTD through September 30, 2020 and 2019 (2) Source: Recreation Vehicle Industry Association, CYTD through October 2020 (3) Source: The Conference Board, Consumer Confidence Survey®, through September 2020 2020 Industry Wholesale Shipments by T
Slide 9: RV Industry Overview North America: Wholesale Market Trends
RV Wholesale Market Trends (Units 000's) Towable RV Wholesale Market Trends (Units 000's) YTD Shipments (Units) Sept. 2020 Sept. 2019 Unit Change % Change 300,100 309,938 (9,838) (3.2)% YTD Shipments (Units) Sept. 2020 Sept. 2019 Unit Change % Change 271,770 273,629 (1,859) (0.7)% Motorized RV Whole
Slide 10: European Caravan and Motorcaravan Registrations
(1) Source: European Caravan Federation; CYTD period: September 30, 2020 and 2019; European retail registration data available at www.CIVD.de (2) Source: Statistical Surveys (www.statisticalsurveys.com) Country Caravans Motorcaravans Total CYTD Sept. 30, % CYTD Sept. 30, % CYTD Sept. 30, % 2020 2019
Slide 11: Capital Management
Capital Management ($ millions) Cash Priorities Support opportunistic strategic investments, including acquisitions, to enhance long-term shareholder value Repurchase of shares on a strategic and opportunistic basis, and payment of special dividends as determined by our Board of Directors Reduce our
Slide 12: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912