Camping World Holdings, Inc. · NYSE:CWH
Camping World — Q2 2025 Earnings Presentation
9 slides from Camping World's earnings presentation, Jul 30, 2025
Slide 1: Investor Presentation
. INVESTOR PRESENTATION July 29, 2025
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking
Slide 3: Acutely Focused on Improving Per Rooftop Productivity
To be populated once Q3 final Acutely Focused on Improving Per Rooftop Productivity Driving structural productivity gains: headcount down >900, 16 locations consolidated, 7,818 more units sold Y/Y 2Q Unit Sales per Rooftop 2Q 4-Wall Labor Expenses per Rooftop per Unit Sale New and Used Units Inflati
Slide 4: Significant Gains in New and Used Unit Share Continue
To be populated once Q3 final Significant Gains in New and Used Unit Share Continue CWH continues to meaningfully outperform the RV industry, with 2025 unit growth expected in both new and used Rolling TTM New and Used Units Comparison Rolling TTM Year-over-Year Growth Comparison Industry ex-CWH (lh
Slide 5: New ASP Trends Driven by Mix, Contract Mfg. Capabilities
To be populated once Q3 final New ASP Trends Driven by Mix, Contract Mfg. Capabilities Affordability mandate mixing down new ASPs, driving incremental gross profit, market share, and lifetime value Detailed Breakout of F2Q25 New Unit Sales Mix Contract manufacturing scale and expertise creates white
Slide 6: New ASP/Mix the Primary Driver of SG&A/Gross Trends
To be populated once Q3 final New ASP/Mix the Primary Driver of SG&A/Gross Trends Expect SG&A as a percent of gross profit improvement of 300-400 bps Y/Y given evolution of new ASPs during F2Q25 Illustrative sensitivity of F2Q25 new vehicle ASP impacts Illustrative sensitivity of FY25 new vehicle AS
Slide 7: Significant Earnings Power on Current Dealership Count
To be populated once Q3 final Significant Earnings Power on Current Dealership Count Updated mid-cycle scenario accounts for higher share, industry ASP trends, cycle volumes, gross margin improvement FY17 F2Q25 TTM Illustrative Mid-Cycle: F2Q25 Illustrative Mid-Cycle: Mid-Cycle Adjustments6 ($ in mi
Slide 8: Supplemental Information
SUPPLEMENTAL INFORMATION Reconciliation to GAAP For the Fiscal Year Ended December 31, For the Six Months Ended TTM Ended June 30, June 30, ($ in millions) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2024 2025 EBITDA Net Income / (loss) (14) $170.796 $198.476 $243.094 $65.938 ($120.122) $
Slide 9: Supplemental Information – cont'd
SUPPLEMENTAL INFORMATION – cont’d Reconciliation to GAAP and Other Information For the Fiscal Year Ended December 31, TTM Ended For the Six Months Ended June 30, June 30, ($ in millions) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 2024 End of Period No. of RV Dealerships 98 105 124 1
Camping World Holdings — Q2 2025 Earnings Presentation on 6ix