Mastercraft Boat Holdings, Inc. · NASDAQ:MCFT

Mastercraft Boat — Q2 2023 Earnings Presentation

19 slides from Mastercraft Boat's earnings presentation, Feb 8, 2023

  1. Slide 1: Fiscal Second Quarter 2023 Results

    FISCAL SECOND QUARTER 2023 RESULTS FEBRUARY 8, 2023

  2. 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

  3. 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 S E C O N D Q U AR T E R 2 0 2 3 R E S U L T S 3

  4. 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

  5. Slide 5: Fiscal Second Quarter 2023 Results

    FISCAL SECOND QUARTER 2023 RESULTS F I S C AL S E C O N D Q U AR T E R 2 0 2 3 R E S U L T S 5

  6. Slide 6: Second Quarter 2023 Earnings Highlights

    SECOND QUARTER 2023 EARNINGS HIGHLIGHTS Record Second Quarter Operational Excellence Dealer Inventories Raising Full Year Guidance Financial Results Providing Abundant Flexibility Recovering on Strong Performance  Record net sales of $159.2  Cash f lo w d riv en b y earn in g s  Except ional prod

  7. Slide 7: Second Quarter 2023 Comparative Results

    SECOND QUARTER 2023 COMPARATIVE RESULTS NET SALES ADJUSTED EBITDA ADJUSTED DILUTED NET UNIT VOLUME ($’s in millions) ($’s in millions) INCOME PER SHARE $180 $144.4 $159.2 1,599 1,586 $35 $1.40 1,800 $160 $29.8 $1.20 $13.9 1,600 23 34 $30 $27.2 $1.20 $140 $7.9 $1.01 1,400 $25 $36.6 $1.00 $120 $29.7 1

  8. Slide 8: Second Quarter 2023 YTD Comparative Results

    SECOND QUARTER 2023 YTD COMPARATIVE RESULTS NET SALES ADJUSTED EBITDA ADJUSTED DILUTED NET UNIT VOLUME ($’s in millions) ($’s in millions) INCOME PER SHARE $350 $275.1 $328.7 3,117 3,245 $70 $65.8 $3.00 3,500 $2.62 $26.8 66 $300 42 $60 $13.8 3,000 $2.50 $80.2 $50 $48.0 $250 2,500 $62.5 1,406 1,622 $

  9. Slide 9: Cash Flow and Capital Allocation

    CASH FLOW AND CAPITAL ALLOCATION OPERATING CASH FLOW FREE CASH FLOW KEY METRICS ($’s in millions) ($’s in millions) ($’s in millions) $79.8 Cash and Investments $88.8 $80 $80 $67.8 Total Debt $55.1 $60 $60 Capital Expenditures (YTD) $11.9 $40 $40 $26.7 Share Repurchase (YTD) $9.0 $21.7 $20 $20 $- $-

  10. Slide 10: Fiscal Year 2023 Guidance

    FISCAL YEAR 2023 GUIDANCE METRIC FY 2023 Q3 FY 2023 Between $620M and Net Sales Approximately $158M $640M Adjusted EBITDA Between $111M and Approximately $26M Margin $118M Between $4.40 and Adjusted EPS Approximately $1.04 $4.66 Capital Expenditures N/A Approximately $30M  Represents expectations f

  11. Slide 11: Appendix

    APPENDIX F I S C AL S E C O N D Q U AR T E R 2 0 2 3 R E S U L T S 12

  12. Slide 12: Second Quarter Adjusted EBITDA Reconciliation

    SECOND QUARTER ADJUSTED EBITDA RECONCILIATION  The following table sets forth a reconciliation of Q2 FY23 % of Q2 FY22 % of sales sales net income from ($ in thousands) Net income from continuing operations $19,983 12.6% $17,859 12.4% continuing operations as Income tax expense Interest expense 6,4

  13. Slide 13: Second Quarter Adjusted EBITDA Reconciliation (YTD)

    SECOND QUARTER ADJUSTED EBITDA RECONCILIATION  The following table sets Q2 FY23 % of Q2 FY22 % of forth a reconciliation of ($ in thousands) YTD sales YTD sales Net income from continuing operations $44,618 13.6% $30,091 10.9% net income as Income tax expense 13,609 9,169 Interest expense 1,228 739

  14. Slide 14: Second Quarter Adjusted Net Income Reconciliation

    SECOND QUARTER ADJUSTED NET INCOME RECONCILIATION  The following table sets ($ in thousands, except per share and share amounts) Q2 FY23 Q2 FY22 Net income from continuing operations $19,983 $17,859 forth a reconciliation of Income tax expense 6,433 5,403 Amortization of acquisition intangibles 462

  15. Slide 15: Second Quarter Adjusted Net Income Reconciliation (YTD)

    SECOND QUARTER ADJUSTED NET INCOME RECONCILIATION Q2 FY23 Q2 FY22  The following table sets ($ in thousands, except per share and share amounts) YTD YTD Net income from continuing operations $44,618 $30,091 forth a reconciliation of Income tax expense 13,609 9,169 Impairments(1) - 1,100 net income

  16. Slide 16: Adjusted Net Income per Share Reconciliation

    SECOND QUARTER ADJUSTED NET INCOME PER SHARE RECONCILIATION  The following table sets forth a reconciliation of net income from Q2 FY23 Q2 FY22 continuing operations per Net income from continuing operations per diluted share $1.12 $0.94 Income tax expense 0.36 0.29 diluted share as Amortization of

  17. Slide 17: Adjusted Net Income per Share Reconciliation (YTD)

    SECOND QUARTER ADJUSTED NET INCOME PER SHARE RECONCILIATION  The following table sets forth a reconciliation of Q2 FY23 Q2 FY22 net income per diluted Net income from continuing operations per diluted share YTD $2.49 YTD $1.59 share as determined in Income tax expense 0.76 0.48 Impairments(1) - 0.0

  18. Slide 18: Free Cash Flow Reconciliation

    SECOND QUARTER FREE CASH FLOW RECONCILIATION  The following table sets forth a reconciliation of Q2 FY23 Q2 FY22 net cash provided by ($ in thousands) YTD YTD Net cash provided by operating activities of continuing operations $79,763 $26,652 operating activities of Purchases of property, plant and

  19. Slide 19: MasterCraft Boat Holdings Inc.

    MASTERCRAFT BOAT HOLDINGS INC. MasterCraft c Ser wo, IN

MasterCraft Boat Holdings — Q2 2023 Earnings Presentation on 6ix