Cavco Industries, Inc. · NASDAQ:CVCO
Cavco Industries — Q4 2026 Earnings Presentation
22 slides from Cavco Industries's earnings presentation, May 22, 2026
Slide 1: Cavco Industries, Inc. Investor Presentation May 2026
Cavco Industries, Inc. INVESTOR PRESENTATION MAY 2026 investor.cavco.com | Nasdaq: CVCO 1
Slide 2: Forward-looking Statements
Forward-looking Statements Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. These forward-looking statements reflect
Slide 3: Cavco Overview
Cavco Overview Quality, affordable homes that provide shelter and security for families across the country Financial Performance Fiscal year ended March 28, 2026 Industry Leader Financial Services EBITDA as % of net Revenue revenue* Gross Margin Percentage ONE OF THE 11.2 % 23.5 % • Mortgage and $ 2
Slide 4: The Affordable Housing Crisis
The Affordable Housing Crisis “…(in) no market in this country can a homebuilder build a house that is affordable for a first- time home buyer.” National Association of Home Builders CEO, Jerry Howard MARCH 4, 2026 AUGUST 30, 2024 FEBRUARY 24, 2026 In 39 states and the District of The biggest proble
Slide 5: Factory-built Industry: Leading the Way in Solving the Affordable Housing Crisis
” Factory-built Industry: Leading the Way Cavco is building affordable houses for many home in Solving the Affordable Housing Crisis buyers. Quality Most affordable Ownership at manufactured form of monthly cost homes at affordable unsubsidized comparable to price points home ownership apartment ren
Slide 6: The Difference
The Difference Corporate Superior Financial Operational Expanding responsibility homes strategy excellence capacity CAVCO INDUSTRIES, INC. | NASDAQ: CVCO 6
Slide 7: Corporate Responsibility
Corporate Responsibility Continuous commitment to a positive impact on people, communities and the environment Our People – ONECavco Our CAVCOmmunity 20% in healthcare enrollment for Homes for our Own provides education employees and their families as a with potential for financial assistance for In
Slide 8: Environmental Impact
Environmental Impact Minimizing our environmental impact throughout the entire manufacturing cycle Our Approach Green Energy Solar panels supply ~50% of Reduce waste + Preserve natural resources electricity in our Glendale, AZ, + Increase use of recycled materials = plant, reducing our carbon Reduct
Slide 9: Manufactured Industry Drivers
Manufactured Industry Drivers Better value Environmental Manufactured Housing Industry than site-built advantages Demand Drivers 33 companies with 147 homebuilding factories 6M Unit Deficit Long-term undersupply has led to an approximate 6-million-unit deficit For 12 Mo. Ended Only 15% of new site-b
Slide 10: Manufactured Housing Industry Annual Shipments
Manufactured Housing Industry Annual Shipments Consistent growth from Great Recession lows Shipments grew 106% 125,000 since 2009 and 2010 113,000 106,000 103,000 103,000 94,000 100,000 96,000 97,000 95,000 93,000 89,000 81,000 82,000 75,000 70,500 64,000 60,000 55,000 50,000 50,000 52,000 50,000 25
Slide 11: Superior Homes in a Strong Industry
Superior Homes in a Strong Industry Providing high quality, cost-conscious and innovative housing Modular Home HUD-Code Built off-site, Home transported, Constructed on assembled and a permanent customized on- chassis to the site, to local federal construction standard standards Park Model Multi-fam
Slide 12: Distribution Channels
Distribution Channels Diverse channels provide a broader network for home sales growth Retail Builder/Developer Communities Company-owned and independent Consistent, robust channel, which Capitalize on channel diversification retailers work directly with end includes hospitality and in a growing mar
Slide 13: Financial Strategy
Financial Strategy Proven ability to deliver organic growth, capacity expansion and shareholder value Strong track record of growth, cost Balance Sheet Management management, strong free cash flow generation and operational excellence $ 258M Zero corporate debt* cash as of Q4’26 Capital Deployment *
Slide 14: Historical Financial Results for the fiscal year ended March 28, 2026
Historical Financial Results for the fiscal year ended March 28, 2026 Gross profit as a percentage of Earnings per diluted Free cash flow* Net Revenue $2,143 $2,245 ($ millions) $2,015 net revenue strong at share generation (cash flow 23.5% from operations less $23.98 $231.8M $1,795 $1,627 capital e
Slide 15: Operational Excellence
Operational Excellence Finding innovative ways to increase manufacturing output and efficiencies and improve safety Safety Lean Manufacturing High capacity utilization Safety Now program builds a safety- in production plants first culture with Increasing Reducing productivity waste Dynamic Ability 5
Slide 16: Expanding Capacity
Expanding Capacity Operating with high levels of capacity utilization in production plants Added two new manufacturing facilities and nineteen retail distribution through the acquisition of American Homestar M&A Added ten production lines and retail distribution through other acquisitions in the las
Slide 17: CountryPlace Mortgage
CountryPlace Mortgage Experienced MH lender with proven performance through economic cycles Specializing in Manufactured Housing Long History of Disciplined Risk Lending Since 1995 Management & Superior Performance Licensed in 36 states to originate & CountryPlace MH loans service plus 4 states serv
Slide 18: Continuing On
Continuing On Continuing to invest in Manufacturing technology productivity improvements Digital marketing innovation across 33 production lines Zoning improvements Further expansion of Focus on environmental opening up new, urban consumer lending issues and opportunities market opportunities operat
Slide 19: The Difference
The Difference Corporate Superior Financial Operational Expanding responsibility homes strategy excellence capacity Growing our positive Providing high Committed to Operating safe and Growing through impact on people, quality, cost- responsible capital highly efficient value-creating communities and
Slide 20: Thank you.
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Slide 21: Appendix: GAAP Reconciliation
Appendix: GAAP Reconciliation ($ in thousands) Reconciliation of twelve months ended March 28, 2026 Earnings before ITDA % FY26 Total Net income (attributed to Cavco shareholders) $190,552 Income tax expense 54,149 Interest expense 541 Interest income (16,337) Depreciation & 23,017 Amortization EBIT
Slide 22: Appendix: GAAP Reconciliation
Appendix: GAAP Reconciliation ($ in thousands) Reconciliation of Free cash flow for the twelve months ended March 28, 2026 FY26 Total Cash from operations $267,174 Capital expenditures (35,405) Free cash flow $231,769 CAVCO INDUSTRIES, INC. | NASDAQ: CVCO 22