Johnson Outdoors Inc. · NASDAQ:JOUT
Johnson Outdoors — Investor Presentation (2024)
23 slides from Johnson Outdoors's investor presentation, 2024
Slide 1: Good For The Great Outdoors Investor Presentation
Good For The Great Outdoors INVESTOR PRESENTATION
Slide 2: Johnson Outdoors is a family of core brands
Johnson Outdoors is a family of core brands preferred by consumers for creating the best possible outdoor experiences. Through innovative, top-quality products, we earn industry awards, customer loyalty, and above all, consumer trust. 1,400 18 80 15 $663.8 $11.7 EMPLOYEES FACILITIES COUNTRIES PRODUC
Slide 3: Founded more than 50 years ago by Sam Johnson
Johnson Outdoors was founded more than 50 years ago by Sam Johnson, a spirited adventurer and passionate outdoorsman. Part of the Johnson Family Enterprises: ‒ JOHNSON OUTDOORS ‒ S.C. JOHNSON ‒ JOHNSON FINANCIAL GROUP ➣IPO 1987 Sam Johnson, Founder JOUT:NASDAQ | 3
Slide 4: Helen Johnson-Leipold, Chairman & CEO
Johnson Outdoors is led by Helen Johnson-Leipold, Sam’s daughter and the fifth generation of the Johnson family. ➣ Became Chairman and CEO in 1999 ➣ Has 30+ years of strategic marketing and branding, global operations and strategic planning experience Helen Johnson-Leipold, Chairman & CEO JOUT:NASDA
Slide 5: Our Purpose and Our Vision
Our passion for the outdoors creates a positive Our Purpose impact on the lives of more people and more communities for generations to come. Be known as the most innovative outdoor Our Vision equipment company, trusted to make a positive difference in people’s lives. JOUT:NASDAQ | 5
Slide 6: Committed to making a positive difference for people and communities
WE’RE COMMITTED TO MAKING A POSITIVE DIFFERENCE FOR PEOPLE AND COMMUNITIES ➣ Our People are our biggest asset ➣ Trust and Respect We continue to build the capabilities to drive environmental action as a company and with our consumers. This includes: ➣ Innovation in everything we do ➣ Assessing the n
Slide 7: Attractive consumer dynamics in outdoor recreation products
1. Attractive consumer dynamics in outdoor recreation products 2. Market-leading brands with strong, consumer-focused innovation 3. Strategic initiatives focused on driving accelerated profitable growth 4. Solid financial performance and cash flow JOUT:NASDAQ | 7
Slide 8: Market-leading brands with strong, consumer-focused innovation
WITH STRONG, CONSUMER-FOCUSED INNOVATION Fishing Diving Camping Watercraft Recreation $492.9 M $85.1 M $45.3 M $40.7 M FY2023 net sales FY2023 net sales FY2023 NET SALES FY2023 net sales Fishing motors Regulators Personal & family Kayaks & canoes Fish finders Buoyancy compensators cooking systems Fi
Slide 9: Fishing: combining consumer insights with technology innovations
Johnson Outdoors continues to combine consumer insights with technology innovations to delight anglers—reimagining and redefining trolling motors, underwater imaging and the ultimate experience of fishing. JOUT:NASDAQ | 9
Slide 10: Leadership position in trolling motors
Leadership position in trolling motors FY2023 Fishing Sales down Ultrex™ QUEST™ gives anglers more to love with a new 6% and Operating brushless design for the most challenging conditions. With a programmable foot pedal, even more advanced GPS Profit Margin of 8.4% functionality and an eco mode to e
Slide 11: The SCUBAPRO brand
The SCUBAPRO® brand is committed to inspiring divers worldwide, with intuitive, sophisticated designs that make the most of leading- edge technologies. SCUBAPRO demonstrates a deep understanding of what divers want down deep— the BEST. JOUT:NASDAQ | 11
Slide 12: Solid trends coming out of the pandemic
Solid trends coming out of the pandemic FY2023 Diving Sales GALILEO G3 AND LUNA 2.0 DIVE COMPUTERS deliver the reliability and comfort that make SCUBAPRO an industry up 8% and leader. The Luna is designed to be one of the market’s thinnest Operating Profit dive computers, while the G3’s vibrant, hig
Slide 13: Jetboil technology and engineering
Jetboil® continues to build on top technology, engineering and insights, to bring campers at all levels a peak experience in the great outdoors. JOUT:NASDAQ | 13
Slide 14: Leveraging opportunities in camp cooking
Leveraging opportunities in camp cooking FY2023 Camping Sales JETBOIL® HALF GEN AND JETBOIL FLASH won recognition this year for their blistering-fast down 36% and boil times, small form factor and reliability. Operating Profit The full range of Jetboil options makes it easy to cook for a few or a cr
Slide 15: World's oldest, largest and most revered watercraft brands
With the world’s oldest, largest and most revered watercraft brands, Johnson Outdoors continues to shape canoes, kayaks and paddles to the needs of our consumers—and thereby shape the industry’s future. JOUT:NASDAQ | 15
Slide 16: Technology that resonates with consumers
Technology that resonates with consumers FY2023 Watercraft The patented Old Town Sportsman BigWater ePDL+™ 132 is a power-assisted Recreation Sales pedal drive that delivers unmatched adaptability. Anglers can switch seamlessly between manual pedal, down 40% and power-assisted pedal, and fully motor
Slide 17: Focused on driving accelerated profitable growth
FOCUSED ON DRIVING ACCELERATED PROFITABLE GROWTH POWERFUL CONSUMER SUSTAINING INNOVATION ADVANCING DIGITAL INSIGHTS LEADERSHIP LEADERSHIP We continue to earn the trust of We’re strategic about integrating We continue to optimize our experienced outdoor enthusiasts the right new technologies and digi
Slide 18: Strong financial performance
ST R O N G F I N A N C I A L SALES ($, M) CASH FROM OPS ($, M) OPERATING MARGIN (%) 2023 663.8 41.7 1.8 2022 743.4 -62.1 8.9 2021 751.7 58.3 14.8 2020 594.2 61.5 12.0 2019 562.4 45.8 11.3 JOUT:NASDAQ | 18
Slide 19: Capital allocation and average dividend yield
• Invest organically in AVERAGE DIVIDEND YIELD the business 2023 2.8% • Targeting enhanced technology and 2022 2.5% innovation with M&A 2021 1.1% • Committed to a 2020 1.0% meaningful dividend 2019 1.1% each year JOUT:NASDAQ | 19
Slide 20: FY2024 results
FY2024 PROFIT BEFORE NET SALES NET INCOME INCOME TAXES $314.5 M $6.1 M $8.9 M 19.4% 2.8% of Sales of Sales (AS OF 3.29.24) JOUT:NASDAQ | 20
Slide 21: We're focused on
We’re focused on: • Investing in innovation and marketing to position our brands for success • Continuing to improve operational efficiency to strengthen margins • Continuing to manage inventory levels • Leveraging our strong balance sheet JOUT:NASDAQ | 21
Slide 22: Questions?
c 1. Attractive consumer dynamics in outdoor recreation products 2. Market-leading brands with strong, consumer-focused innovation 3. Strategic initiatives focused on driving accelerated Questions? profitable growth Contact investor@johnsonoutdoors.com. 4. Solid financial performance Certain matters
Slide 23: JOHNSONOUTDOORS.COM
JOHNSONOUTDOORS.COM