Thor Industries, Inc. · NYSE:THO
Thor Industries — Q2 FY2021 Earnings Presentation
13 slides from Thor Industries's earnings presentation, Mar 9, 2021
Slide 1: Second Quarter of Fiscal 2021 Financial Results
SECOND QUARTER OF FISCAL 2021 FINANCIAL 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: Overview Second Fiscal Quarter 2021
Overview Second Fiscal Quarter 2021* In the near-term, which we define as the remainder of calendar 2021, we see demand for our products outpacing supply. Our backlog is at record levels and is continuing to grow. To manage this growth, we are strategically investing in our business to increase prod
Slide 4: Quarterly Highlights
Quarterly Highlights European 26.9% $0.73 bn NA Motorized 21.2% $0.58 bn NA Towables 50.3% $1.37 bn Other 1.6% $0.04 bn 15.2% Gross Margin $2.38 Diluted EPS North American Independent Dealer Inventory of THOR Products RV Backlog $10.8 billion +276.2% Net Sales $2.73 billion Second Fiscal Quarter 202
Slide 5: Net Sales and Gross Profit
Net Sales Net sales increased 36.2% to $2.73 billion in the second quarter of fiscal 2021 compared to the prior-year period, due to increased unit shipments across the business segments and the inclusion of $82.4 million of net sales of Tiffin Group since the December 18, 2020 acquisition date Gross
Slide 6: North American Towable Segment
Net Sales Net sales of North American Towable RVs increased 39.6% in the second quarter of fiscal 2021 compared to the prior-year period, driven primarily by an increase in unit shipments Gross Profit Margin Gross profit margin increased 330 basis points in the fiscal second quarter compared to the
Slide 7: North American Motorized Segment
Net Sales Fiscal 2021 second quarter net sales of North American Motorized RVs increased 67.9% compared to the prior-year period, driven primarily by an increase in unit shipments and the inclusion of $74.6 million of net sales of Tiffin Group since the December 18, 2020 acquisition date Gross Profi
Slide 8: European Segment
Net Sales European RV segment net sales for the fiscal second quarter increased 15.1% from the prior-year period, driven primarily by an increase in the overall net price per unit due to the impact of changes in product mix, an increase in unit shipments and a favorable impact from year-over-year ch
Slide 9: RV Industry Overview North America
(1) Source: Statistical Surveys, Inc., U.S. and Canada; Calendar Years 2020 and 2019 (2) Source: Recreation Vehicle Industry Association, Calendar Year 2020 (3) Source: The Conference Board, Consumer Confidence Survey®, through December 2020 (4) Tiffin Motorhomes is not included in THOR full-year RV
Slide 10: RV Wholesale Market Trends
RV Wholesale Market Trends (Units 000's) Towable RV Wholesale Market Trends (Units 000's) Motorized RV Wholesale Market Trends (Units 000's) Historical Data: Recreation Vehicle Industry Association (RVIA) (e) Calendar year 2021 represents the most recent RVIA "most likely" estimate from their Februa
Slide 11: RV Industry Overview Europe
(1) Source: European Caravan Federation; Calendar Years 2020 and 2019; European retail registration data available at www.CIVD.de (2) Source: Statistical Surveys (www.statisticalsurveys.com) European Industry Unit Registrations by Country (1) The Company monitors retail trends in the European RV mar
Slide 12: Capital Management
Capital Management ($ millions) Cash Priorities Fund opportunistic strategic investments, including acquisitions, to enhance long-term shareholder value Repurchase of shares on a strategic and opportunistic basis, and payment of special dividends as determined by our Board of Directors Reduce our ac
Slide 13: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912