Slide 1: Q3 2022 Earnings Presentation
Q3 2022 Earnings Presentation 1 Q3 2022 Earnings Presentation October 27, 2022
Slide 2: Forward Looking Statements
Q3 2022 Earnings Presentation 2 Forward Looking Statements This presentation contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation
Slide 3: Q3 2022 Quarterly Highlights
Q3 2022 Earnings Presentation 3 Q3 2022 Quarterly Highlights Strong Portfolio Performance and Execution by Team Members Growth in Total Revenue of +5% Y/Y • RV / Marine driven by outdoor recreation trends. Strong execution of nimble platform as RV production reduction offset by growth in our Marine
Slide 4: Performance by Market Sectors
Q3 2022 Earnings Presentation 4 Performance by Market Sectors RV Marine MH Industrial 47% of Q3’22 Sales 24% of Q3’22 Sales 16% of Q3’22 Sales 13% of Q3’22 Sales (17%) +57% +30% +19% Revenue of $524M Revenue of $271M Revenue of $175M Revenue of $142M CPU1 of $5,071 +36% CPU1 of $5,109 +60% CPU1 of $
Slide 5: Market Sector Trends
Q3 2022 Earnings Presentation 5 Market Sector Trends Industry Trends • OEM shutdowns and reduced production schedules improve the health of inventory channel balance • Continued favorable demographic trends in the RV space, with additional government resources allocated to promoting parks improvemen
Slide 6: Q3 2022 Financial Performance
Q3 2022 Earnings Presentation 6 NET SALES & GROSS MARGIN OPERATING INCOME & MARGIN $2.45 $2.63 Q3 2021 Q3 2022 $2.45 $2.43 Q3 2021 Q3 2022 Q3 2022 Financial Performance $93 $93 Q3 2021 Q3 2022 $1,060 $1,112 Q3 2021 Q3 2022 8.8% 8.3% 5% increase in Net Sales driven by increased demand in our Marine
Slide 7: Balance Sheet and Liquidity
Q3 2022 Earnings Presentation 7 Balance Sheet and Liquidity 1 As of 9/25/22; 2 As defined by credit agreement Strong Balance Sheet and Favorable Capital Structure to Support Investments and Pursue Attractive Growth Opportunities DEBT STRUCTURE AND MATURITIES1 • $150.0M Term Loan ($140.6M o/s), pre-d
Slide 8: Appendix
Q3 2022 Earnings Presentation 8 Appendix
Slide 9: Non-GAAP Reconciliation
Q3 2022 Earnings Presentation 9 Non-GAAP Reconciliation RECONCILIATION OF NET INCOME TO EBITDA TO LTM ADJUSTED EBITDA ($ in millions) LTM 9/25/2022 Net Income $ 349.0 + Depreciation & Amortization 124.8 + Interest Expense, net 61.7 + Income Taxes 112.5 EBITDA $ 648.0 + Stock Compensation Expense 21.
Slide 10: www.patrickind.com
Q3 2022 Earnings Presentation 10 www.patrickind.com