Thor Industries, Inc. · NYSE:THO
Thor Industries — Merger or Acquisition (September 2021)
10 slides from Thor Industries's merger presentation, Sep 2, 2021
Slide 1: THOR Industries Acquires Airxcel
THOR INDUSTRIES ACQUIRES AIRXCEL THOR INDUSTRIES ACQUIRES AIRXCEL Exhibit 99.2
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes certain statements that are “forward-looking” statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 193
Slide 3: Airxcel Overview
AIRXCEL OVERVIEW 3 Major Product Categories Air Conditioning Water Heaters Furnaces Hydronic Heating Cooking Appliances Windows Window Coverings Roofing Membranes Leading supplier of functionally critical RV parts and accessories with highly recognized portfolio of brands OEM and aftermarket supplie
Slide 4: Transaction Benefits
TRANSACTION BENEFITS 4 Strengthens the THOR and broader RV supply chain Allows THOR the ability to strengthen its supply chain in a challenging environment Enhances RV industry supply of functionally critical components Diversifies and grows THOR’s revenue streams With revenue from both OEM and afte
Slide 5: Transaction Details
TRANSACTION DETAILS 5 In conjunction with the transaction, THOR upsized its Asset-Based Credit Facility ("ABL") from $750m to $1.0b TRANSACTION DETAILS 5 In conjunction with the transaction, THOR upsized its Asset-Based Credit Facility ("ABL") from $750m to $1.0b
Slide 6: Airxcel's Portfolio of Leading Brands and Products
AIRXCEL’S PORTFOLIO OF LEADING BRANDS AND PRODUCTS 6 AIRXCEL’S PORTFOLIO OF LEADING BRANDS AND PRODUCTS 6
Slide 7: Manufacturing Footprint
MANUFACTURING FOOTPRINT 7 Products are predominantly manufactured and assembled in North America 2 2 MANUFACTURING FOOTPRINT 7 Products are predominantly manufactured and assembled in North America 2 2
Slide 8: THOR Industries' Portfolio of Companies
THOR INDUSTRIES' PORTFOLIO OF COMPANIES 8 THOR INDUSTRIES' PORTFOLIO OF COMPANIES 8
Slide 9: Key Takeaways
KEY TAKEAWAYS 9 Purchased for approximately 7.6x estimated, adjusted EBITDA for calendar year 2021 Allows THOR the ability to strengthen its supply chain in a challenging environment Diversifies and grows THOR’s revenue streams Creates future organic growth opportunities Expands THOR’s innovation fo
Slide 10: Investor Relations Contact
10 INVESTOR RELATIONS CONTACT Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912 www.thorindustries.com INVESTOR RELATIONS CONTACT Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912 www.thorindustries.com
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