Marine Products Corporation · NYSE:MPX
Marine Products — Investor Presentation (March 2019)
9 slides from Marine Products's investor presentation, Mar 26, 2019
Slide 1: Investor Relations Update First Quarter 2019 Presentation
Marine Products Corporation Investor Relations Update First Quarter 2019 Presentation 2 This presentation contains statements that constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995, including all statements that look forward in time or express managem
Slide 2: Corporate Profile
• Headquartered in Atlanta • Manufacturing in Nashville, Georgia • NYSE: MPX • Recent Stock Price (March 19, 2019): $ 13.75 • Market Capitalization (in millions): $ 453.4 • Current Dividend Yield: 3.5% • Average Daily Volume (Last 3 months): 58,115 • Long-term focus on Financial and Shareholder Retu
Slide 3: The Recreational Boating Market
5 • A mature market • Top 5 sterndrive manufacturers hold over 59% market share • The majority of recreational boat manufacturers are small companies with limited geographic markets The Recreational Boating Market 30,000 35,000 40,000 45,000 50,000 55,000 60,000 65,000 70,000 75,000 80,000 2012 2013
Slide 4: Innovative Marketing: Examples of Innovation on a Product Platform
7 Innovative Marketing 8 Examples of Innovation on a Product Platform 2019 21’ H2O Outboard 2019 / 2020 300 OSX Prototype
Slide 5: Strong Market Share in Our Separate Product Lines
9 The Surf Series • Customized versions of 5 Chaparral sport boat models. • Licenses Malibu’s Surf GateTM technology. • Maintains original functionality but convert to wakesurfing boats at the touch of a button. • Wakesurfer can control wake with a wristband. 10 Chaparral Sterndrive Market Share Sep
Slide 6: Chaparral Sterndrive Market Share; Financial Overview
11 5.9 6.0 5.9 5.7 5.5 5.9 6.8 7.4 7.7 8.3 8.3 8.3 7.2 7.4 7.7 7.3 8.4 11.7 13.913.713.4 15.2 16.716.4 8.10 1994 1995 1996 19971998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016* 2017* 2018*Chaparral Sterndrive Market Share (18-34 Ft) Percentage Chaparral
Slide 7: Consolidated Statements of Operations
13 • Quarterly Sales decreased by 5.4% – Unit sales decreased by 18.1% – 14.2% increase in average selling prices due to model mix. • Larger Boats sold well. • Surf Series sales continued to grow. MARINE PRODUCTS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except
Slide 8: Strong Stewardship of Cash and Focus on Shareholder Returns
15 Return on Invested Capital * (15%) (10%) (5%) 0% 5% 10% 15% 20% 25% 30% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 * Calculated using cash flow from operations and average invested capital. Return calculation includes cash and marketable securities. 16 • During the 12-y
Slide 9: Corporate Headquarters
17 Marine Products Corporation 2801 Buford Highway NE Suite 520 Atlanta, GA 30329 404-321-7910 www.marineproductscorp.com Corporate Headquarters