Lci Industries · NYSE:LCII
Lci Industries — Q2 2019 Earnings Presentation
10 slides from Lci Industries's earnings presentation, Aug 6, 2019
Slide 1: LCI Industries Second Quarter 2019 Earnings Conference Call
LCI INDUSTRIES LCI Industries Second Quarter 2019 Earnings Conference Call August 6, 2019 1
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
LCI INDUSTRIES Forward-Looking Statements and Non-GAAP Financial Measures 2
Slide 3: Second Quarter 2019 Highlights
Second Quarter 2019 Highlights Increased content per vehicle in a challenging RV OEM environment Year-over-year and sequential margin improvement Delivered strong growth in Aftermarket Segment and International markets Demonstrated continued traction of diversification strategy
Slide 4: RV OEM
LCI INDUSTRIES RV OEM • Challenging year-over-year comparisons impacted RV OEM revenue • RV OEM revenues down 14% YoY • LCI achieved operating margin gains through operational and labor efficiencies, offsetting the decrease in RV OEM revenue • Growing content per vehicle • Content per towable RV: $3
Slide 5: Expanding Markets
LCI INDUSTRIES Expanding Markets Aftermarket Adjacent Markets International • Consistent growth expected as increasing • Expanding into residential, marine, cargo, • Capitalizing on global opportunities number of RVs on the road will require equestrian trailers, bus, and commercial • Announced the a
Slide 6: Second Quarter 2019 Innovation Highlights
LCI INDUSTRIES Second Quarter 2019 Innovation Highlights Innovation: a critical part of our strategy • Integral part of our customers’ R&D teams • OneControl technology is expanding and improving its capabilities to develop new efficiencies • Poised to become one of the biggest brands in the electri
Slide 7: Growth Strategy
LCI INDUSTRIES Growth Strategy Accelerating Track Record with M&A • Announced the acquisition of Lewmar and Lavet, further expanding our reach into international markets • Target acquisitions that are immediately accretive, with great leadership teams that bolt-on to existing product lines or expand
Slide 8: Financial Performance
LCI INDUSTRIES Financial Performance Consolidated Net Sales Operating Margin (in thousands) $684,455 9.4% 10.4% $629,068 Second Quarter 2018 Second Quarter 2019 Second Quarter 2018 Second Quarter 2019 Consolidated Net Sales by Market (14%) Flat +12% +21% RV OEM ADJACENT OEM AFTERMARKET I N T E R N A
Slide 9: Cash Flow
LCI INDUSTRIES Cash Flow Six Months Ended June 30, 2019 ($ in millions) Financial Performance Capital Expenditures $35.8 Dividends $31.3 Debt / EBITDA 1.0x(1) Cash from Operating Activities $180.1 9
Slide 10: Q&A
LCI INDUSTRIES L C I I N D U S T R I E S Q&A 10