Mastercraft Boat Holdings, Inc. · NASDAQ:MCFT
Mastercraft Boat — Q1 2023 Earnings Presentation
14 slides from Mastercraft Boat's earnings presentation, Nov 9, 2022
Slide 1: Fiscal First Quarter 2023 Results
FISCAL FIRST QUARTER 2023 RESULTS November 9, 2022
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward- looking statements generally relate to future events and include, without limitation, projections
Slide 3: Call Participants
CALL PARTICIPANTS Fred Brightbill CEO and Chairman of the Board Tim Oxley Chief Financial Officer George Steinbarger Chief Revenue Officer F I S C AL F I R S T Q U AR T E R 2 0 2 3 R E S U L T S 3
Slide 4: Diversified Portfolio of Leading Brands
DIVERSIFIED PORTFOLIO OF LEADING BRANDS SERVING THE FASTEST GROWING CATEGORIES OF THE POWERBOAT INDUSTRY SKI-WAKE PONTOON LUXURY DAY BOATS BOATS BOATS Iconic brand recognized as Growing pontoon brand De novo brand that creates an the premier brand in the delivering consumers a elevated open water fa
Slide 5: Fiscal First Quarter 2023 Results
FISCAL FIRST QUARTER 2023 RESULTS F I S C AL F I R S T Q U AR T E R 2 0 2 3 R E S U L T S 5
Slide 6: First Quarter 2023 Earnings Highlights
FIRST QUARTER 2023 EARNINGS HIGHLIGHTS Operational Excellence Dealer Inventories Being Raising Guidance on Strong Record Financial Results Driving Productivity and Replenished Performance Profitability • Eig h t h consecut iv e p erio d -ov er- • W holesale unit s up 9.3% v s. Q 1 • Superior supply
Slide 7: Additional Model Year 2023 Introductions
ADDITIONAL MODEL YEAR 2023 INTRODUCTIONS All-new NXT models set a All-New NXT21 All-New NXT23 higher standard for the entry-level towboat segment Class-leading ballast capacity SurfStar system provides best-in-class wave performance Innovative hybrid bow increases seating and storage capacit
Slide 8: First Quarter 2023 Results
FIRST QUARTER 2023 RESULTS NET SALES ADJUSTED EBITDA ADJUSTED DILUTED NET UNIT VOLUME ($’s in millions) ($’s in millions) INCOME PER SHARE $180 $130.7 $169.5 1,518 1,659 $40 $1.60 1,800 $35.9 $1.43 $160 $12.9 32 $35 $1.40 1,600 19 $140 $30 $5.9 $43.6 1,400 $1.20 $120 1,200 846 $25 $32.8 716 $20.8 $1
Slide 9: Fiscal Year 2023 Guidance
FISCAL YEAR 2023 GUIDANCE Our guidance represents expectations for our continuing operations only Raising guidance for full year on strong performance Guidance reflects the potential for a range of retail demand scenarios METRIC FY 2023 Q2 FY 2023 Between $590M and Net Sales Approximately $150
Slide 10: Appendix
APPENDIX F I S C AL F I R S T Q U AR T E R 2 0 2 3 R E S U L T S 10
Slide 11: Adjusted EBITDA Reconciliation
FIRST QUARTER ADJUSTED EBITDA RECONCILIATION The following table sets % of % of Q1 FY23 Q1 FY22 forth a reconciliation of ($ in thousands) sales sales Net income from continuing operations $24,635 14.5% $12,232 9.4% net income from Income tax expense 7,176 3,766 Interest expense 562 382 continuing
Slide 12: Adjusted Net Income Reconciliation
FIRST QUARTER ADJUSTED NET INCOME RECONCILIATION ($ in thousands, except per share and share amounts) Q1 FY23 Q1 FY22 The following table sets Net income from continuing operations Income tax expense $24,635 7,176 $12,232 3,766 forth a reconciliation of Impairments(1) Amortization of acquisition i
Slide 13: Adjusted Net Income per Share Reconciliation
FIRST QUARTER ADJUSTED NET INCOME PER SHARE RECONCILIATION The following table sets Q1 FY23 Q1 FY22 forth a reconciliation of ($ in thousands, except per share am ounts) Net income from continuing operations per diluted share $1.37 $0.65 net income from Income tax expense Impairments (1) 0.40 - 0.
Slide 14: MasterCraft Boat Holdings Inc.
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