Thor Industries, Inc. · NYSE:THO
Thor Industries — Q4 2020 Earnings Presentation
14 slides from Thor Industries's earnings presentation, Sep 28, 2020
Slide 1: Fiscal Year and Fourth Quarter 2020 Results
FISCAL YEAR AND FOURTH QUARTER 2020 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: Thor Celebrates 40 Years
20,611,000 SQUARE FEET * FRANCE GERMANY ITALY UNITED KINGDOM UNITED STATES 3,300 DEALERSHIP LOCATIONS * Thor Celebrates 40 Years! 1980 - 2020 THOR Industries was born 40 years ago with the purchase of Airstream, an iconic RV brand and product line. Since then, we’ve grown, organically and through ac
Slide 4: Annual Highlights
Annual Highlights European 30.4% $2.49 bn NA Motorized 17.0% $1.39 bn NA Towables 50.7% $4.14 bn Other 1.9% $0.15 bn 13.7% Gross Margin $4.02 Diluted EPS $540.9 mm Net Cash From Operations North American Independent Dealer Inventory of Thor Products at an All-Time Low All-Time Record RV Backlog of $
Slide 5: Fourth Quarter Highlights
Fiscal Year 2020 $2.32 bn NET SALES Life-to-date the Company has paid approximately $678 million of its EHG acquisition-related debt (1) $2.14 DILUTED EPS 14.9% GROSS MARGIN (1) Since acquisition of the Erwin Hymer Group on February 1, 2019. European 31.8% $739.9 mm NA Motorized 15.8% $366.5 mm NA T
Slide 6: Fourth Quarter 2020 Financial Results
Net Sales Net sales were $2.32 billion in the fourth quarter, including $1.18 billion in net sales in the North American Towable RV segment, $366.5 million in net sales in the North American Motorized RV segment, and $739.9 million in net sales from the European RV segment Gross Profit Gross profit
Slide 7: North American Towable Segment Fourth Quarter 2020
Net Sales Net sales of North American Towable RVs in the fourth quarter of fiscal 2020 were up slightly vs. prior year as net sales increased significantly month over month in the fourth quarter of fiscal 2020, as the Company emerged from the COVID-19 induced production furlough in its third fiscal
Slide 8: North American Motorized Segment Fourth Quarter 2020
Net Sales Fiscal 2020 fourth quarter net sales of North American Motorized RVs decreased by 5.4% compared to the prior year due to lower unit sales and a mix shift with a higher concentration of Class B motorhomes Gross Profit Margin Gross profit margin increased 250 basis points in the fiscal fourt
Slide 9: European Segment Fourth Quarter 2020
Net Sales European RV segment net sales for the fiscal fourth quarter increased 2.8% from the prior-year period, driven primarily by a change in product mix and selective selling price increases European Segment Gross Profit Margin Gross profit margin decreased by 20 basis points in the fiscal fourt
Slide 10: RV Industry Overview North America
(1) Source: Statistical Surveys, Inc., U.S. and Canada; CYTD through June 30, 2020 and 2019 (2) Source: Recreation Vehicle Industry Association, CYTD through July 2020 (3) Source: The Conference Board, Consumer Confidence Survey®, through June 2020 2020 Industry Wholesale Shipments by Type (2) Consu
Slide 11: 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) June 2020 June 2019 Unit Change % Change 176,067 216,581 (40,514) (18.7)% YTD Shipments (Units) June 2020 June 2019 Unit Change % Change 159,059 191,094 (32,035) (16.8)% Motorized RV Whole
Slide 12: European Caravan and Motorcaravan Registrations
Source: European Caravan Federation; CYTD period: June 30, 2020 and 2019; European retail registration data available at www.CIVD.de Source: Statistical Surveys (www.statisticalsurveys.com) Country Caravans Motorcaravans Total CYTD June 30, % CYTD June 30, % CYTD June 30, % 2020 2019 Change 2020 201
Slide 13: Capital Management
Capital Management ($ millions) Cash Priorities Repurchasing shares on a strategic and opportunistic basis, and payment of special dividends as determined by our Board of Directors Reducing our debt obligations Life-to-date, the Company has paid approximately $678 million of debt related to the Febr
Slide 14: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912