Thor Industries, Inc. · NYSE:THO
Thor Industries — Q2 FY2022 Earnings Presentation
13 slides from Thor Industries's earnings presentation, Mar 9, 2022
Slide 1: THOR Industries Second Quarter of Fiscal 2022 Financial Results
www.thorindustries.com THOR INDUSTRIES SECOND QUARTER OF FISCAL 2022 FINANCIAL RESULTS
Slide 2: Forward-Looking Statements
2 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 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchan
Slide 3: Second Quarter of Fiscal Year 2022
3 European $0.72 bn 18.7% NA Motorized $0.98 bn 25.2% NA Towables $1.99 bn 51.2% Other $0.19 bn 4.9% NORTH AMERICAN INDEPENDENT DEALER INVENTORY OF THOR PRODUCTS RV BACKLOG OF $17.73 BILLION +63.9% * Includes $128.8 million of net sales from Airxcel SECOND QUARTER OF FISCAL YEAR 2022 Gross Margin 17
Slide 4: North American Towable Segment
4 NET SALES Increased 44 . 6 % * primarily due to an increase in unit shipments, changes in product mix and selective net selling price increases to offset known and anticipated material cost increases GROSS PROFIT MARGIN Increased 240 basis points* driven by improved labor, overhead and freight
Slide 5: North American Motorized Segment
5 NET SALES Increased 69 . 3 % * driven primarily by an increase in unit shipments, changes in product mix, selective net selling price increases and the addition of $ 117 . 4 million of net sales, or 20 . 4 % of the 69 . 3 % increase, from the Tiffin Group GROSS PROFIT MARGIN Increased 300 basi
Slide 6: European Segment
6 NET SALES Decreased 1 . 3 % * driven primarily by the change in foreign exchange rates . Unit sales increased by 1 . 9 % and net sales increased 4 . 7 % on a constant - currency basis GROSS PROFIT MARGIN Decreased by 40 basis points* primarily due to additional labor and overhead costs incurre
Slide 7: Appendix
APPENDIX
Slide 8: THOR At-A-Glance
8 THOR AT - A - GLANCE COUNTRIES 25 5 COUNTRIES + MANUFACTURING OPERATIONS IN DISTRIBUTION IN (1) As of July 31, 2021 GEOGRAPHIC NET SALES (1) THOR Industries (NYSE : THO) was founded in 1980 and is headquartered in Elkhart, Indiana . THOR is the sole owner of operating subsidiaries that, combined,
Slide 9: RV Industry Overview North America
9 RV INDUSTRY OVERVIEW North America (1) Source : Statistical Surveys, Inc., U.S. and Canada; Calendar Years 2021 and 2020 (2) Source : Recreation Vehicle Industry Association, Calendar Years 2021 and 2020 (3) Source : The Conference Board, Consumer Confidence Survey ® , through December 2021 (4) No
Slide 10: Towable and Motorized RV Wholesale Market Trends
10 TOWABLE RV WHOLESALE MARKET TRENDS (UNITS 000's) YTD Shipments (Units) Dec. 2021 Dec. 2020 Unit Change % Change 600,240 430,412 169,828 +39.5% YTD Shipments (Units) Dec. 2021 Dec. 2020 Unit Change % Change 544,028 389,613 154,415 +39.6% YTD Shipments (Units) Dec. 2021 Dec. 2020 Unit Change % Chan
Slide 11: European Caravan and Motorcaravan Registrations
11 (1) Source : European Caravan Federation; Calendar Years 2021 and 2020; European retail registration data available at www.CIVD.de (2) Source : Statistical Surveys (www.statisticalsurveys.com) Country Caravans Motorcaravans Total Calendar Year % Calendar Year % Calendar Year % 2021 2020 Change 20
Slide 12: Capital Management
12 CAPITAL MANAGEMENT CASH PRIORITIES Invest in THOR's business Pay THOR's dividend Reduce the Company's debt obligations Support opportunistic strategic investments, to enhance long - term shareholder value Repurchase of shares on a strategic and opportunistic basis NET CASH FROM OPERATIONS AND CAP
Slide 13: Investor Relations Contacts
www.thorindustries.com INVESTOR RELATIONS CONTACTS Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970 - 7912 Mike Cieslak, CFA Investor Relations Manager mcieslak@thorindustries.com (574) 294 - 7724