Thor Industries, Inc. · NYSE:THO
Thor Industries — Q3 FY2021 Earnings Presentation
12 slides from Thor Industries's earnings presentation, Jun 8, 2021
Slide 1: Third Quarter of Fiscal 2021 Financial Results
THIRD QUARTER OF FISCAL 2021 FINANCIAL RESULTS 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: Record Third Fiscal Quarter 2021
RECORD THIRD FISCAL QUARTER 2021 “We posted record results in our third fiscal quarter, achieving both the highest quarterly net sales and net income figures in the history of THOR Industries. These results show that growth continued unabated after the initial temporary shutdown of our dealers and T
Slide 4: Quarterly Highlights
Quarterly Highlights European 25.8% $0.89 bn NA Motorized 22.4% $0.78 bn NA Towables 49.9% $1.73 bn Other 1.9% $0.06 bn 14.6% Gross Margin $3.29 Diluted EPS North American Independent Dealer Inventory of THOR Products RV Backlog $14.32 billion +548.3% Net Sales $3.46 billion Third Fiscal Quarter 202
Slide 5: Financial Results Third Quarter of Fiscal 2021
Net Sales Net sales increased 105.7% to $3.46 billion in the third quarter of fiscal 2021 compared to the prior-year period, due to both the continuing increase in current consumer demand and the negative impact the start of the COVID-19 pandemic had on the latter half of the prior-year quarter The
Slide 6: North American Towable Segment
Net Sales Net sales of North American Towable RVs increased 123.2% in the third quarter of fiscal 2021 compared to the prior-year period, driven primarily by an increase in unit shipments Gross Profit Margin Gross profit margin increased 120 basis points in the fiscal third quarter compared to the p
Slide 7: North American Motorized Segment
Net Sales Fiscal 2021 third quarter net sales of North American Motorized RVs increased 193.7% compared to the prior-year period, driven primarily by an increase in unit shipments and the addition of $151.7 million of net sales of the Tiffin Group Gross Profit Margin Gross profit margin increased 23
Slide 8: European Segment
Net Sales European RV segment net sales for the fiscal third quarter increased 45.3% from the prior-year period, primarily due to the continuing increase in current consumer demand in conjunction with the negative impact of the early stages of the COVID-19 pandemic on the latter months of the prior-
Slide 9: RV Industry Overview North America
(1) Source: Statistical Surveys, Inc., U.S. and Canada; CYTD through March 31, 2021 and 2020 (2) Source: Recreation Vehicle Industry Association, CYTD through April 2021 (3) Source: The Conference Board, Consumer Confidence Survey®, through March 2021 (4) Note: Tiffin Group registrations are include
Slide 10: RV Industry Overview North America: Wholesale Market Trends
RV Wholesale Market Trends (Units 000's) Towable RV Wholesale Market Trends (Units 000's) Motorized RV Wholesale Market Trends (Units 000's) Historical Data: Recreation Vehicle Industry Association (RVIA) (e) Calendar year 2021 represents the most recent RVIA "most likely" estimate from their May 20
Slide 11: RV Industry Overview Europe
(1) Source: European Caravan Federation; CYTD through March 31, 2021 and 2020; European retail registration data available at www.CIVD.de (2) Source: Statistical Surveys (www.statisticalsurveys.com) European Industry Unit Registrations by Country (1) The Company monitors retail trends in the Europea
Slide 12: Contact: Mark Trinske, Investor Relations
CONTACT: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912