Lci Industries · NYSE:LCII
Lci Industries — Q1 2019 Earnings Presentation
10 slides from Lci Industries's earnings presentation, May 7, 2019
Slide 1: First Quarter 2019 Earnings Conference Call
LCI INDUSTRIES LCI Industries First Quarter 2019 Earnings Conference Call May 7, 2019 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements LCI INDUSTRIES 2
Slide 3: First Quarter 2019 Highlights
First Quarter 2019 Highlights ✓ Grew adjacent, Europe and aftermarket sales ✓ Proved the strengths of our diversification strategy ✓ Outperformed a challenging RV environment ✓ Gross profit improvement
Slide 4: RV OEM
LCI INDUSTRIES RV OEM • Increasingly favorable long-term industry outlook • Increase from 2014 of nearly 10 million households to the camping lifestyle1 • Compared to 2014, 70% increase in campers that camp three or more times a year1 • Short-term challenges amid wholesale environment • Wholesale sh
Slide 5: Adjacent Markets
LCI INDUSTRIES Adjacent Markets Aftermarket Adjacent Markets International • Investing in growing call centers, • New branding strategy for LCI / Taylor Made • Traction with new leadership structure warehouses, technical training facilities and for marine. • Evaluating organic and inorganic growth t
Slide 6: First Quarter 2019 Innovation Highlights
LCI INDUSTRIES First Quarter 2019 Innovation Highlights Continued Focus on R&D 19 different R&D centers across the company Innovation and Patents Patents and innovation developed around existing product lines Upcoming Product Announcements Large-scale announcements planned for early Q4 6
Slide 7: Growth Strategy
LCI INDUSTRIES Growth Strategy Accelerating Track Record with M&A • Target acquisitions that are immediately accretive, with great leadership teams that bolt-on to existing product lines or expand LCI into new products with existing customers or markets • Over $1B in realistic pipeline targets Capit
Slide 8: Financial Performance
LCI INDUSTRIES Financial Performance Consolidated Net Sales Content Per Vehicle $2,328 $2,500 $650,492 $592,172 Motorhomes $3,317 $3,504 Towables First Quarter 2018 First Quarter 2019 First Quarter 2018 First Quarter 2019 (21%) +19% +20% +49% RV OEM ADJACENT AFTERMARKET I N T E R N AT I O N A L MARK
Slide 9: Cash Flow
LCI INDUSTRIES Cash Flow Three Months Ending March 31, 2019 ($ in millions) Financial Performance Capital Expenditures $24.4 Dividends $15.0 Debt / EBITDA 1.0x Cash from Operating Activities $52.6 9
Slide 10: Q&A
LCI INDUSTRIES L C I I N D U S T R I E S Q&A 10