Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation July 30, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as “estimates,” “guidance,” “expects,” “anticipates,” “
Slide 3: Q2 2026 Key Takeaways
Q2 2026 Key Takeaways Revenue growth across Marine, Key Metrics Powersports, and Housing predominantly offset a decline in RV Net Sales revenue, demonstrating the value of Patrick’s strategic diversification $1.04B vs.(0.6%) Q2 2025 Estimated organic growth of 7% Adjusted Operating Margin1 Returned
Slide 4: Q2 2026 Revenue Composition
Q2 2026 Revenue Composition Q2 2026 compared to Q2 2025 unless otherwise noted Outdoor Enthusiast Markets RV Marine Powersports Housing % of Q2 Net Sales 39% 18% 12% 31% End Market Revenue $407M (15%) $191M +22% $123M +28% $320M +2% Content Per 1 2 ✓ Increasing OEM 3 Unit (TTM) $5,303 +7% $4,883 +22
Slide 5: Improved Earnings Power Despite Lower Shipments
Improved Earnings Power Despite Lower Shipments 2019 to Q2 2026 Comparison Q2 2026 $ in millions, except per share data FY 2019 TTM ∆ Wholesale RV Unit Shipments1 406,070 315,159 (22%) Key Drivers Wholesale Marine Unit Shipments2 189,945 135,588 (29%) Strategic Total Net Sales $2,337 $3,939 +69% Div
Slide 6: Q2 2026 Financial Performance
Q2 2026 Financial Performance $ in millions, except per share data Net Sales & Gross Margin Revenue Growth Ranking By End Market (Year-Over-Year) 23.9% 23.8% RV Powersports +28% Marine Powersports Marine +22% Housing Q2 2025 Q2 2026 Housing +2% Total Net Sales $1.05B $1.04B RV (15%) Adjusted Operati
Slide 7: Performance By End Market
Performance By End Market ow PATRICK
Slide 8: RV: Q2 2026 Shipments Revenue $407M
Revenue Q2 2026 Shipments Q2 2025 Q2 2026 % Change (15%) $407M vs. Q2 2025 Wholesale1 92,900 77,600 (16%) Retail2 113,300 99,200 (12%) % of Q2 2026 Net Sales Dealer Inventory Change (~21,600) units Revenue Growth Content Per Unit1 Growth 39% ($ in millions) 10-Yr CAGR: +6% 10-Yr CAGR: +11% (15%) +7%
Slide 9: Marine: Q2 2026 Shipments Revenue $191M
Revenue Q2 2026 Shipments1 Q2 2025 Q2 2026 % Change +22% $191M vs. Q2 2025 Wholesale 38,700 38,800 ~FLAT Retail 61,200 57,800 (6%) % of Q2 2026 Net Sales Dealer Inventory Change (~19,000) units Revenue Growth Content Per Unit1 Growth 18% ($ in millions) 10-Yr CAGR: +39% 10-Yr CAGR: NM +22% +22% Q2 2
Slide 10: Solidifying Industry Leading Powersports Platform
Solidifying Industry Leading Revenue Revenue Growth Powersports Platform ($ in millions) $123M +28% vs. Q2 2025 4-Yr CAGR: +36% +28% % of Q2 2026 Net Sales $123 • Utility-focused vehicles continue to $96 drive demand growth, while recreation demand is showing early signs of recovery $36 12% • Consum
Slide 11: Housing: Revenue $320M
Revenue Q2 2026 Shipments Q2 2025 Q2 2026 % Change +2% $320M vs. Q2 2025 MH Wholesale1 27,600 25,500 (8%) Housing Starts2 375 372 (1%) % of Q2 2026 Net Sales (in thousands) Revenue Growth MH Content Per Unit1 Growth 31% ($ in millions) 10-Yr CAGR: +15% 10-Yr CAGR: +14% +2% ~FLAT $315 $6,676 $6,673 Q
Slide 12: End Market Landscape
End Market Landscape Meaningful retail demand inflection likely depends on consumer confidence and interest rate improvement RV Marine ✓ OEM wholesale production management ✓ Revenue growth continued despite flat supporting continued dealer inventory estimated wholesale shipments, discipline and lea
Slide 13: Financial Strength Supports Disciplined Capital Allocation
Financial Strength Supports Disciplined Capital Allocation Available Liquidity1 Net Leverage1,2 $691M 3.0x Capital Allocation Q2 2026 YTD ✓ Ample liquidity provides flexibility to execute across market cycles ✓ Balanced capital allocation strategy enables reinvestment into long-term profitable growt
Slide 14: Full-Year 2026 Outlook
Full-Year 2026 Outlook End Market Outlook FY 2025 FY 2026 Outlook Prior 2026 Outlook RV Wholesale Unit Shipments 342K1 285K to 300K 315K to 330K RV Retail Unit Shipments 349K2 Down LDD % Down LSD to MSD % Marine Wholesale Powerboat Unit Shipments 137K2 Up LSD % No Change Marine Retail Powerboat Unit
Slide 15: Non-GAAP Reconciliations
Non-GAAP Reconciliations 15
Slide 16: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating
Slide 17: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of Net Income to EBITDA to Adjusted EBITDA and Adjusted EBITDA Margin ($ in millions) 2019 Q2 2025 Q2 2026 Q2 2026 TTM Net income $90 $32 $43 $147 + Depreciation & amortization 63 43 43 171 + Interest expense, net 37 19 19 74 + Income taxes 28 11 15 44 EBITDA
Slide 18: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted Net Income to Adjusted Diluted Earnings Per Common Share 1 ($ in millions, except per share data) 2019 Q2 2025 Q2 2026 Q2 2026 TTM Net income $90 $32 $43 $147 + Acquisition related fair-value inventory step-up - - - 1 + Legal settleme
Slide 19: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of Operating Margin to Adjusted Operating Margin 2019 Q2 2025 2025 Q2 2026 Q2 2026 TTM Operating margin 6.6% 8.3% 7.0% 7.4% 6.7% Acquisition related fair-value inventory step-up - - - - 0.1% Merger-related costs - - - 0.1% - Adjusted operating margin 6.6% 8.3%
Slide 20: Non-GAAP Reconciliations
Non-GAAP Reconciliations Available Liquidity (as of Q2 2026) ($ in millions) Total Revolver Credit Capacity $875.0 Capital Structure Less: Total Revolver Used 213.6 (including outstanding letters of credit) • $125.0M Term Loan ($115.6M o/s), scheduled Unused Credit Capacity $661.4 quarterly installm