Mastercraft Boat Holdings, Inc. · NASDAQ:MCFT
Mastercraft Boat — Q2 2026 Earnings Presentation
27 slides from Mastercraft Boat's earnings presentation, Feb 5, 2026
Slide 1: Fiscal Second Quarter 2026 Results
FISCAL SECOND MASTERCRAFT + QUARTER 2026 MARINE PRODUCTS RESULTS TO COMBINE FEBRUARY 5, 2026 1
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements This presentation includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements can often be i d e n t i f i e d b y s u c h w o r d s a n d p h r a s e s a s “ b e l i e v e s ,
Slide 3: Disclaimer (Continued)
DISCLAIMER (CONTINUED) Ad d i t i o n a l I n f o r m a t i o n a n d W h e r e t o F i n d I t In connection with the proposed transactions, MCBH intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will include a prospectus with respect to the s h
Slide 4: Today's Presenters
TODAY’S PRESENTERS Brad Nelson Scott Kent Chief Executive Officer and Director Chief Financial Officer 4
Slide 5: Second Quarter 2026 Earnings Overview
SECOND QUARTER 2026 EARNINGS OVERVIEW DOLLARS PRESENTED IN MILLIONS FINANCIAL RESULTS RESILIENT BALANCE SUBSTANTIALLY PREMIUM PRODUCT ABOVE EXPECTATIONS SHEET PROVIDES IMPROVED CHANNEL DRIVING MOMENTUM FLEXIBILITY INVENTORIES • Net sales of $71.8M • Strong financial position • Dealer inventories dow
Slide 6: Second Quarter Comparative Results
SECOND QUARTER COMPARATIVE RESULTS NET SALES UNIT VOLUME N E T I N C O M E 1/ A D J U S T E D DILUTED NET INCOME PER ($’s in millions) EBITDA SHARE2 / ADJUSTED ($’s in millions) DILUTED NET INCOME PER SHARE $71.8 583 553 $7.5 $0.29 $63.4 $10.0 174 $8.3 153 $3.5 $0.15 $61.7 $55.1 400 409 $2.5 $0.10 $
Slide 7: Second Quarter YTD Comparative Results
SECOND QUARTER YTD COMPARATIVE RESULTS NET SALES UNIT VOLUME N E T I N C O M E 1/ A D J U S T E D DILUTED NET INCOME PER ($’s in millions) EBITDA SHARE2 / ADJUSTED ($’s in millions) DILUTED NET INCOME PER SHARE $140.8 1,104 1,148 $128.7 $14.4 $0.58 $20.9 362 $18.1 330 $0.38 $7.4 $6.1 $110.6 $119.9 $
Slide 8: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK RETAIN STRONG INVEST IN LONG-TERM RETURN EXCESS KEY METRICS FINANCIAL POSITION GROWTH CASH ($’s in millions) ($’s in millions) • Maintain healthy balance sheet Organic Growth: • $50M share repurchase program Cash and ST Investments $81.4 • Ensure adequate liquidity • Foc
Slide 9: MCBH FY 2026 Guidance
MCBH FY 2026 GUIDANCE Metric (In Millions) FY 2026 Q3 FY 2026 Net Sales ~$75M $300M - $310M Adjusted EBITDA ~$9M $36M - $39M Adj DEPS ~$0.35 $1.45 - $1.60 Capital Expenditures N/A ~$9M F I S C AL S E C O N D Q U AR T E R 2 0 2 6 R E S U L T S 9
Slide 10: MasterCraft + Marine Products to Combine
MASTERCRAFT + MARINE PRODUCTS TO COMBINE 10
Slide 11: Creating a Diversified Portfolio of Proven Recreational Marine Brands
CREATING A DIVERSIFIED PORTFOLIO OF PROVEN RECREATIONAL MARINE BRANDS LEADING BRANDS ACROSS EXPANDED GEOGRAPHIC ENHANCED INNOVATION ATTRACTIVE FINANCIAL FOUR DISTINCT CATEGORIES COVERAGE AND OFFERINGS AND MANUFACTURING PROFILE CAPABILITIES Combination of MasterCraft, Crest, Unlocks Growth Opportunit
Slide 12: Transaction Summary
TRANSACTION SUMMARY Transaction • Marine Products shareholders to receive 0.232 MasterCraft Boat Holdings, Inc. shares and $2.43 of cash consideration per Marine Products Structure and share owned (represents total cash consideration of $86 million), in a transaction valued at $232.2 million, net of
Slide 13: Marine Products: A Leading Manufacturer of Recreation and Sport Fishing Powerboats
MARINE PRODUCTS: A LEADING MANUFACTURER OF RECREATION AND SPORT FISHING POWERBOATS OVERVIEW BROAD LINEUP OF FIBERGLASS BOATS ✓ One of the largest manufacturers of fiberglass Sterndrive and Outboard Recreation Boats powerboats in the U.S., with leading positions across Chaparral and Robalo brands ✓ H
Slide 14: Bringing Together Two Iconic, Market Leading American Recreational Marine Companies
BRINGING TOGETHER TWO ICONIC, MARKET LEADING AMERICAN RECREATIONAL MARINE COMPANIES Premium Performance Leisure Leisure Sport Fishing Recreation 15 Models 3 Models 6 Models 21 Models 20 Models 20-25 ft. Length Range 24-26 ft. Length Range 18-26 ft. Length Range 18-36 ft. Length Range 20-32 ft. Lengt
Slide 15: Compatible Global Dealer Networks and Commercial Organizations
COMPATIBLE GLOBAL DEALER NETWORKS AND COMMERCIAL ORGANIZATIONS COMBINED U.S. DEALER FOOTPRINT 500+ Global dealers1 in the combined network Expands geographic coverage with complementary network of more than 400 dealers1 across coastal and inland U.S. Enhances customer reach and growth opportunities
Slide 16: Enhanced Manufacturing Capabilities with Robust Technological Innovation
ENHANCED MANUFACTURING CAPABILITIES WITH ROBUST TECHNOLOGICAL INNOVATION STRENGTHENED PRO FORMA FOOTPRINT AND OVERVIEW OF FACILITIES CAPABILITIES 3 1.9M One of the Largest Single-Site Sport Facilities Square Feet Boat Production Plants in the U.S. Vonore, TN Owosso, MI Vonore, TN Owosso, MI Nashvill
Slide 17: Robust Balance Sheet Will Support Financial Flexibility
ROBUST BALANCE SHEET WILL SUPPORT FINANCIAL FLEXIBILITY EXPECTED PRO FORMA FINANCIALS AT CLOSING $40M - $60M $0 $115M - $135M Cash Total Debt Liquidity Free Cash Flow Positive TRANSACTION FINANCING OVERVIEW MasterCraft Boat Holdings, Inc. intends to fund the cash portion of the consideration with co
Slide 18: Realizing Near-Term Cost Savings, with Opportunity to Drive Synergies
REALIZING NEAR-TERM COST SAVINGS, WITH OPPORTUNITY TO DRIVE SCALABLE REVENUE AND COST SYNERGIES CORPORATE COST SAVINGS ADDITIONAL REVENUE AND COST SYNERGIES TOTALING ~$6 MILLION ANNUAL NET SAVINGS Combined Innovation Platform Complementary Dealer Network Public Company Costs Manufacturing Best Pract
Slide 19: Transformative Combination Delivering Scale, Innovation, and Growth
TRANSFORMATIVE COMBINATION DELIVERING SCALE, INNOVATION, AND GROWTH TO DRIVE SHAREHOLDER VALUE CREATION LEADING BRANDS ACROSS ATTRACTIVE FINANCIAL PROFILE FOUR DISTINCT CATEGORIES Robust Balance Sheet to Drive Growth, Value Combination of MasterCraft, Crest, Creation, and Focused Capital Allocation
Slide 20: Appendix
APPENDIX 20
Slide 21: Second Quarter Adjusted EBITDA Reconciliation
SECOND QUARTER ADJUSTED EBITDA RECONCILIATION The following table sets forth a % of % of Q2 FY26 Q2 FY25 reconciliation of income from continuing (Dollars in thousands) sales sales Income from continuing operations $ 2,488 3.5% $ 426 0.7% operations as determined in accordance Income tax expense 871
Slide 22: Second Quarter YTD Adjusted EBITDA Reconciliation
SECOND QUARTER YTD ADJUSTED EBITDA RECONCILIATION The following table sets forth a % of % of FY26 FY25 reconciliation of income from continuing (Dollars in thousands) sales sales Income from continuing operations $ 6,144 4.4% $ 1,442 1.1% operations as determined in accordance Income tax expense 1,7
Slide 23: Second Quarter Adjusted Net Income Reconciliation
SECOND QUARTER ADJUSTED NET INCOME RECONCILIATION The following table sets forth a (Dollars in thousands, except per share and share am ounts) Q2 FY26 Q2 FY25 reconciliation of income from continuing Income from continuing operations $ 2,488 $ 426 operations as determined in accordance Income tax ex
Slide 24: Second Quarter YTD Adjusted Net Income Reconciliation
SECOND QUARTER YTD ADJUSTED NET INCOME RECONCILIATION The following table sets forth a reconciliation of income from continuing FY26 FY25 (Dollars in thousands, except per share and share am ounts) operations as determined in accordance Income from continuing operations $ 6,144 $ 1,442 with U.S. GAA
Slide 25: Second Quarter Adjusted Net Income Per Share Reconciliation
SECOND QUARTER ADJUSTED NET INCOME PER SHARE RECONCILIATION The following table sets forth a Q2 FY26 Q2 FY25 reconciliation of income from continuing Income from continuing operations per diluted share $ 0.15 $ 0.03 operations per diluted share as Impact of adjustments: Income tax expense 0.05 0.02
Slide 26: Second Quarter YTD Adjusted Net Income Per Share Reconciliation
SECOND QUARTER YTD ADJUSTED NET INCOME PER SHARE RECONCILIATION The following table sets forth a FY26 FY25 reconciliation of income from continuing Income from continuing operations per diluted share $ 0.38 $ 0.09 Impact of adjustments: operations per diluted share as Income tax expense 0.11 0.03 de
Slide 27: Second Quarter YTD Free Cash Flow Reconciliation
SECOND QUARTER YTD FREE CASH FLOW RECONCILIATION The following table presents the ($ in thousands) FY26 FY25 reconciliation of net cash flow by operating Net cash provided by operating activities of continuing operations $ 8,581 $ 13,437 Less: activities of continuing operations to Free Purchases of
MasterCraft Boat Holdings — Q2 2026 Earnings Presentation on 6ix