Mastercraft Boat Holdings, Inc. · NASDAQ:MCFT
Mastercraft Boat — Q2 2026 Earnings Presentation
27 slides from Mastercraft Boat's earnings presentation, Feb 5, 2026
Slide 1: Fiscal Second Quarter 2026 Results; MasterCraft + Marine Products to Combine
FISCAL SECOND QUARTER 2026 RESULTS MASTERCRAFT + MARINE PRODUCTS TO COMBINE F E B R U A R Y 5 , 2 0 2 6
Slide 2: Disclaimer: Forward Looking Statements
DISCLAIMER Forward Looking Statement s This pr es ent ati on i ncl udes for war d- l ooki ng st at ements ( as s uc h t er m is defined in the Pri vat e Sec urities Liti gati on Ref or m Act of 1995 ) . For war d- l ooki ng st at ements c an oft en be identifi ed by s uch words and phr as es as “ be
Slide 3: Disclaimer (Continued)
DISCLAIMER (CONTINUED) Additi onal Information and Where to Find It In c onnecti on wit h t he pr oposed t r ans actions, MCBH i nt ends to f i l e wit h t he SEC a r egistr ati on st at ement on Form S- 4 ( t he “ Registr ati on St at ement”), which will i ncl ude a pr ospect us with r espect to t
Slide 4: Today's Presenters
4 TODAY’S PRESENTERS Brad Nelson Chief Executive Officer and Director Scott Kent Chief Financial Officer
Slide 5: Second Quarter 2026 Earnings Overview
SECOND QUARTER 2026 EARNINGS OVERVIEW DOLLARS PRESENTED IN MILLIONS FINANCIAL RESULTS ABOVE EXPECTATIONS Net sales of $71.8M Net Income of $2.5M 1 Diluted Net Income per share of $0.15 2 Adjusted EBITDA of $7.5M Diluted Adjusted Net Income per share of $0.29 RESILIENT BALANCE SHEET PROVIDES FLEXIBIL
Slide 6: Second Quarter Comparative Results
Net Income of $2.5M, up $2.1M from Q2 FY25 Adjusted EBITDA of $7.5M, up $3.9M from Q2 FY25 Wholesale units of 583, up 5.4% from Q2 FY25 Net sales of $71.8M, up 13.2% from Q2 FY25 Diluted Earnings Per Share of $0.15 per share, up $0.12 per share from Q2 FY25 Adjusted Diluted Net Income of $0.29 per s
Slide 7: Second Quarter YTD Comparative Results
Net Income of $6.1M, up $4.7M from Q2 FY25 YTD Wholesale units of 1,148, up 4.0% from Q2 FY25 YTD Net sales of $140.8M, up 9.3% from Q2 FY25 YTD Diluted Earnings Per Share of $0.38 per share, up $0.29 per share from Q2 FY25 YTD $1.4 $6.1 $7.4 $14.4 Q2 FY25 YTD Q2 FY26 YTD $0.09 $0.38 $0.22 $0.58 Q2
Slide 8: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK RETAIN STRONG FINANCIAL POSITION Maintain healthy balance sheet Ensure adequate liquidity Zero debt INVEST IN LONG-TERM GROWTH Organic Growth: Focused innovation Product line development Internal brand development Complementary Inorganic Growth / M&A: Highly selective an
Slide 9: MCBH FY 2026 Guidance
MCBH FY 2026 GUIDANCE Metric (In Millions) FY 2026 Q3 FY 2026 Net Sales ~$75M $300M - $310M Adjusted EBITDA ~$9M $36M - $39M Adj DEPS ~$0.35 $1.45 - $1.60 Capital Expenditures N/A ~$9M F I S C A L S E C O N D Q U A R T E R 2 0 2 6 R E S U L T S
Slide 10: MasterCraft + Marine Products to Combine
1 0 MASTERCRAFT + MARINE PRODUCTS TO COMBINE
Slide 11: Creating a Diversified Portfolio of Proven Recreational Marine Brands
CREATING A DIVERSIFIED PORTFOLIO OF PROVEN RECREATIONAL MARINE BRANDS LEADING BRANDS ACROSS FOUR DISTINCT CATEGORIES Combination of MasterCraft, Crest, Balise, Chaparral, and Robalo More Than Doubles Consumer Reach EXPANDED GEOGRAPHIC COVERAGE AND OFFERINGS Unlocks Growth Opportunities Through Compl
Slide 12: Transaction Summary
TRANSACTION SUMMARY M A S T E R C R A F T + M A R I N E P R O D U C T S T O C O M B I N E Transaction Structure and Consideration Marine Products shareholders to receive 0.232 MasterCraft Boat Holdings, Inc. shares and $2.43 of cash consideration per Marine Products share owned (represents total cas
Slide 13: Marine Products: A Leading Manufacturer of Recreation and Sport Fishing Powerboats
MARINE PRODUCTS: A LEADING MANUFACTURER OF RECREATION AND SPORT FISHING POWERBOATS Sterndrive and Outboard Recreation Boats SSi GTS-Surf OSX Bay Boat Outboard Sport Fishing Boats B R O A D L I N E U P O F F I B E R G L A S S B O A T S SSX Dual Console Center Console One of the largest manufacturers
Slide 14: Bringing Together Two Iconic, Market Leading American Recreational Marine Companies
BRINGING TOGETHER TWO ICONIC, MARKET LEADING AMERICAN RECREATIONAL MARINE COMPANIES ~4,700 ~$540M 500+ ~1,400 5 Annual Units Sold1 Annual Revenue1 Global Dealers2 Employees Brands C O M B I N E D C O M P A N Y B Y T H E N U M B E R S Premium Performance 15 Models 20-25 ft. Length Range $120k - $500k
Slide 15: Compatible Global Dealer Networks and Commercial Organizations
COMPATIBLE GLOBAL DEALER NETWORKS AND COMMERCIAL ORGANIZATIONS C O M B I N E D U . S . D E A L E R F O O T P R I N T 500+ Global dealers1 in the combined network Expands geographic coverage with complementary network of more than 400 dealers1 across coastal and inland U.S. Enhances customer reach an
Slide 16: Strengthened Pro Forma Footprint and Capabilities
S T R E N G T H E N E D P R O F O R M A F O O T P R I N T A N D C A P A B I L I T I E S ENHANCED MANUFACTURING CAPABILITIES WITH ROBUST TECHNOLOGICAL INNOVATION Vonore, TN 310,000 square feet Owosso, MI 270,000 square feet Nashville, GA 1,284,000 square feet Vonore, TN Owosso, MI Nashville, GA Power
Slide 17: Robust Balance Sheet Will Support Financial Flexibility
ROBUST BALANCE SHEET WILL SUPPORT FINANCIAL FLEXIBILITY $40M - $60M $0 $115M - $135M Cash Total Debt Liquidity Free Cash Flow Positive E X P E C T E D P R O F O R M A F I N A N C I A L S A T C L O S I N G T R A N S A C T I O N F I N A N C I N G O V E R V I E W M A S T E R C R A F T + M A R I N E P R
Slide 18: Realizing Near-Term Cost Savings, with Opportunity for Synergies
REALIZING NEAR-TERM COST SAVINGS, WITH OPPORTUNITY TO DRIVE SCALABLE REVENUE AND COST SYNERGIES CORPORATE COST SAVINGS T O T A L I N G ~ $ 6 M I L L I O N A N N U A L N E T S A V I N G S Public Company Costs Corporate Overhead Administrative Expenses M A S T E R C R A F T + M A R I N E P R O D U C T
Slide 19: Transformative Combination Delivering Scale, Innovation, and Growth
TRANSFORMATIVE COMBINATION DELIVERING SCALE, INNOVATION, AND GROWTH TO DRIVE SHAREHOLDER VALUE CREATION LEADING BRANDS ACROSS FOUR DISTINCT CATEGORIES Combination of MasterCraft, Crest, Balise, Chaparral, and Robalo More Than Doubles Consumer Reach ENHANCED INNOVATION AND MANUFACTURING CAPABILITIES
Slide 20: Appendix
2 0 APPENDIX
Slide 21: Second Quarter Adjusted EBITDA Reconciliation
SECOND QUARTER ADJUSTED EBITDA RECONCILIATION 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as non-recurring severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with the t
Slide 22: Second Quarter YTD Adjusted EBITDA Reconciliation
SECOND QUARTER YTD ADJUSTED EBITDA RECONCILIATION 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as non-recurring severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with t
Slide 23: Second Quarter Adjusted Net Income Reconciliation
2 3 A P P E N D I X SECOND QUARTER ADJUSTED NET INCOME RECONCILIATION The following table sets forth a reconciliation of income from continuing operations as determined in accordance with U.S. GAAP to adjusted net income for the periods indicated: 1 Represents amounts paid for legal fees and recruit
Slide 24: Second Quarter YTD Adjusted Net Income Reconciliation
2 4 A P P E N D I X SECOND QUARTER YTD ADJUSTED NET INCOME RECONCILIATION The following table sets forth a reconciliation of income from continuing operations as determined in accordance with U.S. GAAP to adjusted net income for the periods indicated: 1 Represents amounts paid for legal fees and rec
Slide 25: Second Quarter Adjusted Net Income per Share Reconciliation
2 5 A P P E N D I X SECOND QUARTER ADJUSTED NET INCOME PER SHARE RECONCILIATION The following table sets forth a reconciliation of income from continuing operations per diluted share as determined in accordance with U.S. GAAP to adjusted net income per diluted share for the periods indicated: Q2 FY2
Slide 26: Second Quarter YTD Adjusted Net Income per Share Reconciliation
2 6 A P P E N D I X SECOND QUARTER YTD ADJUSTED NET INCOME PER SHARE RECONCILIATION The following table sets forth a reconciliation of income from continuing operations per diluted share as determined in accordance with U.S. GAAP to adjusted net income per diluted share for the periods indicated: FY
Slide 27: Second Quarter YTD Free Cash Flow Reconciliation
2 7 A P P E N D I X SECOND QUARTER YTD FREE CASH FLOW RECONCILIATION The following table presents the reconciliation of net cash flow by operating activities of continuing operations to Free Cash Flow for the periods presented: ($ in thousands) FY26 FY25 Net cash provided by operating activities of
MasterCraft Boat Holdings — Q2 2026 Earnings Presentation on 6ix