Thor Industries, Inc. · NYSE:THO
Thor Industries — Q3 FY2022 Earnings Presentation
13 slides from Thor Industries's earnings presentation, Jun 8, 2022
Slide 1: Third Quarter of Fiscal 2022 Financial Results
www.thorindustries.com THOR INDUSTRIES THIRD QUARTER OF FISCAL 2022 FINANCIAL RESULTS
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
Slide 3: Third Quarter of Fiscal Year 2022 Highlights
European $0.72 bn 15.5% NA Motorized $1.05 bn 22.6% NA Towables $2.64 bn 56.7% Other $0.24 bn 5.2% NORTH AMERICAN INDEPENDENT DEALER INVENTORY OF THOR PRODUCTS RV BACKLOG OF $13.88 BILLION (3.1)% * Includes $154.0 million of net sales from Airxcel ** As compared to the third quarter of fiscal year 2
Slide 4: North American Towable Segment
NET SALES Increased 53 . 0 % * due to an increase in unit shipments, changes in product mix and selective net selling price increases GROSS PROFIT MARGIN Increased 190 basis points* driven by improved labor, overhead, freight and warranty costs as a percentage of net sales, partially offset by a
Slide 5: North American Motorized Segment
NET SALES Increased 35.8%* driven by an increase in unit shipments, changes in product mix and selective net selling price increases GROSS PROFIT MARGIN Increased 410 basis points* driven by a reduction in sales discounts, selective net selling price increases, product mix changes and lower over
Slide 6: European Segment
NET SALES Decreased 19 . 0 % * driven by a 12 . 5 % decrease in unit shipments and a decrease in foreign exchange rates Net sales decreased 12 . 2 % on a constant - currency basis GROSS PROFIT MARGIN Increased by 40 basis points* due to improved labor and warranty costs, partially offset by high
Slide 7: Appendix
APPENDIX
Slide 8: THOR At-A-Glance
THOR AT - A - GLANCE 5 COUNTRIES 25 + COUNTRIES MANUFACTURING OPERATIONS IN DISTRIBUTION IN (1) As of July 31, 2021 GEOGRAPHIC NET SALES (1) THOR Industries (NYSE : THO) was founded in 1980 and is headquartered in Elkhart, Indiana . THOR is the sole owner of operating companies which, combined, repr
Slide 9: RV Industry Overview North America
RV INDUSTRY OVERVIEW North America (1) Source : Statistical Surveys, Inc., U.S. and Canada; CYTD through March 31, 2022 and 2021 (2) Source : Recreation Vehicle Industry Association, CYTD through March 31, 2022 (3) Source : The Conference Board, Consumer Confidence Survey ® , through March 2022 2022
Slide 10: RV Wholesale Market Trends
TOWABLE RV WHOLESALE MARKET TRENDS (UNITS 000's) YTD Shipments (Units) March 2022 March 2021 Unit Change % Change 171,466 148,507 22,959 +15.5% YTD Shipments (Units) March 2022 March 2021 Unit Change % Change 155,687 134,199 21,488 +16.0% YTD Shipments (Units) March 2022 March 2021 Unit Change % Cha
Slide 11: European Caravan and Motorcaravan Registrations
(1) Source : European Caravan Federation; CYTD through March 31, 2022 and 2021; European retail registration data available at www.CIVD.de (2) Source : Statistical Surveys (www.statisticalsurveys.com) Country Caravans Motorcaravans Total CYTD March 31, % CYTD March 31, % CYTD March 31, % 2022 2021 C
Slide 12: Capital Management
CAPITAL MANAGEMENT CASH PRIORITIES Invest in THOR's business - Q3 capex spending of $52.9M Pay THOR's dividend - Q2 dividend of $0.43 per share* Reduce the Company's debt obligations - Reduced debt with Q3 term loan principal payments of approx. $124.6M Support opportunistic strategic investments, t
Slide 13: Investor Relations Contacts
www.thorindustries.com INVESTOR RELATIONS CONTACTS Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970 - 7912 Michael Cieslak, CFA Investor Relations Manager mcieslak@thorindustries.com (574) 294 - 7724