Mastercraft Boat Holdings, Inc. · NASDAQ:MCFT

Mastercraft Boat — Q3 2023 Earnings Presentation

19 slides from Mastercraft Boat's earnings presentation, May 10, 2023

  1. Slide 1: Fiscal Third Quarter 2023 Results

    FISCAL THIRD QUARTER 2023 RESULTS MAY 10, 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 T H I R 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 Third Quarter 2023 Results

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

  6. Slide 6: Third Quarter 2023 Earnings Highlights

    THIRD QUARTER 2023 EARNINGS HIGHLIGHTS Better-Than-Expected Third Operational Excellence Raising Full Year Guidance Dealer Inventories Optimized Quarter Financial Results Providing Abundant Flexibility on Strong Performance  Net sales of $166.8M , dow n 1.5%  O p erat in g p erf o rman ce yield in

  7. Slide 7: Third Quarter 2023 Comparative Results

    THIRD QUARTER 2023 COMPARATIVE RESULTS NET SALES ADJUSTED EBITDA ADJUSTED DILUTED NET UNIT VOLUME ($’s in millions) ($’s in millions) INCOME PER SHARE $180 $169.3 $166.8 1,784 1,656 $40 $1.60 2,000 $35.0 $160 $10.4 $1.36 $1.36 $12.8 29 $35 $33.0 $1.40 1,800 34 $140 $38.9 1,600 $30 $36.4 $1.20 $120 1

  8. Slide 8: Third Quarter 2023 YTD Comparative Results

    THIRD QUARTER 2023 YTD COMPARATIVE RESULTS NET SALES ADJUSTED EBITDA ADJUSTED DILUTED NET UNIT VOLUME ($’s in millions) ($’s in millions) INCOME PER SHARE $600 $444.4 $495.5 4,901 4,901 $120 $4.50 6,000 $3.98 $98.7 $4.00 $500 $100 $39.6 5,000 71 100 $24.2 $83.0 $3.50 $3.11 $400 $80 $116.6 4,000 $3.0

  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) $120 $100 $107.4 $88.5 Cash and Investments $101.4 $100 $80 Total Debt $54.4 $80 $60 Capital Expenditures (YTD) $18.9 $60 $51.9 $43.8 $40 $40 Share Repurchase (YTD) $

  10. Slide 10: Fiscal Year 2023 Guidance

    FISCAL YEAR 2023 GUIDANCE METRIC FY 2023 Net Sales Approximately $656M Adjusted EBITDA Approximately $125M Adjusted EPS Approximately $5.05 Capital Expenditures Approximately $30M  Represents expectations for our continuing operations only  Raising guidance for full year on strong performance and

  11. Slide 11: Appendix

    APPENDIX F I S C AL T H I R D Q U AR T E R 2 0 2 3 R E S U L T S 11

  12. Slide 12: Third Quarter Adjusted EBITDA Reconciliation

    THIRD QUARTER ADJUSTED EBITDA RECONCILIATION  The following table sets forth a reconciliation of net income from continuing % of % of Q3 FY23 Q3 FY22 ($ in thousands) sales sales operations as determined in Net income from continuing operations $22,782 13.7% $24,306 14.4% accordance with U.S. GAAP

  13. Slide 13: Third Quarter YTD Adjusted EBITDA Reconciliation

    THIRD QUARTER YTD ADJUSTED EBITDA RECONCILIATION  The following table sets forth a reconciliation of net Q3 FY23 % of Q3 FY22 % of income from continuing ($ in thousands) YTD sales YTD sales Net income from continuing operations $67,400 13.6% $54,397 12.2% operations as determined in Income tax exp

  14. Slide 14: Third Quarter Adjusted Net Income Reconciliation

    THIRD QUARTER ADJUSTED NET INCOME RECONCILIATION ($ in thousands, except per share and share amounts) Q3 FY23 Q3 FY22 Net income from continuing operations $22,782 $24,306  The following table sets Income tax expense 6,744 6,957 forth a reconciliation of Amortization of acquisition intangibles Shar

  15. Slide 15: Third Quarter YTD Adjusted Net Income Reconciliation

    THIRD QUARTER YTD ADJUSTED NET INCOME RECONCILIATION Q3 FY23 Q3 FY22 ($ in thousands, except per share and share amounts) YTD YTD Net income from continuing operations $67,400 $54,397  The following table sets Income tax expense 20,353 16,126 Impairments(1) forth a reconciliation of Amortization of

  16. Slide 16: Third Quarter Adjusted Net Income Per Share Reconciliation

    THIRD QUARTER ADJUSTED NET INCOME PER SHARE RECONCILIATION  The following table sets forth a reconciliation of Q3 FY23 Q3 FY22 net income from Net income from continuing operations per diluted share $1.28 $1.31 continuing operations per Income tax expense Amortization of acquisition intangibles 0.3

  17. Slide 17: Third Quarter YTD Adjusted Net Income Per Share Reconciliation

    THIRD QUARTER YTD ADJUSTED NET INCOME PER SHARE RECONCILIATION  The following table sets forth a reconciliation of Q3 FY23 Q3 FY22 YTD YTD net income from Net income from continuing operations per diluted share $3.78 $2.89 Income tax expense 1.14 0.87 continuing operations per Impairments(1) - 0.06

  18. Slide 18: Third Quarter YTD Free Cash Flow Reconciliation

    HIRD QUARTER YTD FREE CASH FLOW ECONCILIATION The following table sets orth a reconciliation of Q3 FY23 Q3 FY22 net cash provided by ($ in thousands) YTD YTD Net cash provided by operating activities of continuing operations $107,365 $51,863 operating activities of Purchases of property, plant and e

  19. Slide 19: MasterCraft Boat Holdings Inc.

    MASTERCRAFT BOAT HOLDINGS INC. fasterCratt c Ksr wo, A

MasterCraft Boat Holdings — Q3 2023 Earnings Presentation on 6ix