LCI Industries · NYSE:LCII
LCI Industries — Q4 2021 Earnings Presentation
12 slides from LCI Industries's earnings presentation, Feb 10, 2022
Slide 1: LCI Industries Q4 2021 Earnings Conference Call
LCI Industries Q4 2021 Earnings Conference Call February 10, 2022
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains certain “forward-looking statements” with respect to our financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive position, growth opportunities, acquisitions, plans and objectives of manag
Slide 3: Fourth Quarter and Full Year 2021 Highlights
Fourth Quarter and Full Year 2021 Highlights Record growth supported by strong execution against unprecedented demand Record Net Sales Growth Across All Markets ■ Posted a record $4.5 billion full-year net ■ Achieved double-digit growth sales, up 60% year-over-year across all markets ■ Record $1.2 b
Slide 4: RV OEM Growth Drivers & Trends
RV OEM RV OEM Growth Drivers & Trends Key Drivers • Industry record of ~600,000 wholesale shipments for FY 2021 as new patrons continue to flock towards the outdoor lifestyle • FY 2021 North American RV OEM sales up 72% YoY Organic Growth Expectations • Investing further into adding capacity through
Slide 5: Expanding Markets
EXPANDING MARKETS Segment growth supported by increased demand across multiple markets Aftermarket Adjacent Markets ■ FY 2021 sales up 32% YoY ■ FY 2021 sales up 58% YoY ■ Driven by record setting demand and production ■ Demand remains strong due to similar drivers which continues to propel the numb
Slide 6: Innovative Leadership
INNOVATIVE LEADERSHIP Leveraging our culture of innovation and technology: Safety & Monitoring Security & Control Comfort & Connected Convenience & Digital Our innovative culture brings technologically advanced products to a new generation of campers, enhancing the RV experience and driving the succ
Slide 7: Growth Strategy
GROWTH STRATEGY Growth progressed by innovation and demand Allocating Capital to Areas with the Integrating and Realizing Highest Growth Return Synergies from Recent • Investment in the business, with focus on automation Acquisitions projects • Realizing synergies from recent acquisitions as we • Re
Slide 8: Q4 2021 Financial Performance
Q4 2021 FINANCIAL PERFORMANCE Consolidated Net Sales by Market +67% RV OEM +52% Adjacent OEM +25% Aftermarket +28% International * Additional information regarding adjusted EBITDA, as well as reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure, is
Slide 9: FY 2021 Financial Performance
FY 2021 FINANCIAL PERFORMANCE Consolidated Net Sales by Market +73% RV OEM +58% Adjacent OEM +32% Aftermarket +58% International * Additional information regarding adjusted EBITDA, as well as reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure, is
Slide 10: Liquidity and Cash Flow
LIQUIDITY AND CASH FLOW As of and for the twelve months ended December 31 2021 2020 Cash and Cash Equivalents $63M $52M Remaining Availability under Debt Facilities(1) $318M $352M Capital Expenditures $99M $57M Dividends $87M $70M Debt / Net Income (TTM) 4.5x 4.7x Net Debt/EBITDA (TTM) 2.4x(2) 2.1x(
Slide 11: Appendix: Reconciliation of Non-GAAP Measures
APPENDIX Reconciliation of Non-GAAP Measures Adjusted EBITDA Three Months Ended Twelve months ended December 31, December 31, ($ in thousands) 2021 2020 2021 2020 Net Income $ 82,329 $ 48,693 $ 287,739 $ 158,440 Interest Expense, Net 5,522 2,610 16,366 13,453 Provision for Income Taxes 26,122 12,150
Slide 12: Q&A
LCI INDUSTRIES Q&A 12