Champion Homes, Inc. · NYSE:SKY
Champion Homes — Q2 2026 Earnings Presentation
25 slides from Champion Homes's earnings presentation, Nov 5, 2025
Slide 1: Presentation November 2025
- Presentation S November 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Statements in this presentation, including certain statements regarding Champion Homes’ strategic initiatives, and future market demand are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation R
Slide 3: Overview
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Slide 4: Executing Our Business Strategy
Executing Our Business Strategy Strategic Capital Customer-Centric, Deployment High Performance Team Invest in people, technology & Anticipate, & align our talent/team accretive M&A while returning & investments via a customer- cash to shareholders centric profitable growth strategy Leverage Capacit
Slide 5: The Factory-Built Home Advantage
The Factory-Built Home Advantage Product Homeownership Production Labor Costs Improvement & Affordability Efficiency & Quality Innovation ▪ Manufactured housing is the ▪ Centralized, indoor facilities ▪ Standardization of processes ▪ Designed flexibility only type of housing Congress for home buildi
Slide 6: HUD Industry Overview
HUD Industry Overview The Manufactured Housing Industry (HUD Product) has Significant Upside as Financing Returns 600 60% Aging installed HUD code product is generally sold to customers HUD is approx. 9% of single family housing starts base expected with either private land or REITs that fill parks
Slide 7: Product Quality, Health & Safety, Human Capital, Community, Governance
Community Product Quality Health & Safety Governance Outreach ▪ Skyline brand named America’s ▪ Ongoing behavior-based safety and ▪ Encourage civic involvement at ▪ Code of conduct certification Most Trusted brand training programs with a goal of local community level required at all levels within t
Slide 8: Earnings By the Numbers
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Slide 9: Last Twelve Months Financial Highlights
Last Twelve Months Financial Highlights $2.6 26,803 $96 22.2% 11.9% Billion Homes Sold in Thousand HUD Market Adjusted Revenue North America US Average Home Share Based on EBITDA Margin 1 Selling Price Shipment Data3 $270 $221 $3.84 27.1% $313 Million Million Earnings LTM Gross Million Adjusted Adj.
Slide 10: Footprint
Footprint Note: Facility stats as of 9/27/2025
Slide 11: Revenue Breakdown
Revenue Breakdown % of Fiscal 2025 Revenue % of US Manufacturing US HOUSING HUD-CODED HOMES LOGISTICS & OTHER 1% 4% CANADIAN 95% 88% 2% PARK MODULAR HOMES 10% 1% 4% 95% 88% 10% 2% Logistics & Canadian US Hud-Coded Modular Park Other Housing Housing Homes Homes Model 11
Slide 12: Markets We Serve
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Slide 13: U.S. Sales Channel Revenue
U.S. Sales Channel Revenue % of US Housing Revenue(1) Retail FY 2025 U.S. By The Numbers: RETAIL $2.4B Revenue 65% 25,273 Homes Sold Park & Other 3% 72 Retail Sales Centers Builder/Developer 5% Community 42 Manufacturing COMMUNITY Facilities 28% 65% 28% 5% 3% Note: (1) Calculated based on the number
Slide 14: Markets We Serve – Independent & Owned Retail
Markets We Serve – Independent & Owned Retail Retail Is Key To Our Long-Term Strategy to Elevate % of US Housing Revenue the Homebuying Experience 65% 72 Company-owned Company-owned retail drives retail locations higher ASPs and additive gross margin Investment in Sharing tools and best technologies
Slide 15: Markets We Serve – Community
Markets We Serve – Community Manufactured Housing Communities are Key % of US Housing Revenue Customers of Manufacturers(2) 44K 4.3M 29% Land lease Estimated homesites New manufactured communities in communities homes placed in communities 28% Top 10 Largest MH Community Owners & Operators by Sites(
Slide 16: Markets We Serve – Builder/Developer
Markets We Serve – Builder/Developer Fast, Affordable, & Attractive % of US Housing Revenue Save builders time Increase builder volume of homes 5% Unique designs and styles for different markets • Growth channel that delivers a turnkey housing solution that balances cost, quality, and speed • A solu
Slide 17: Industry-Leading Family of Brands
Industry-Leading Family of Brands
Slide 18: Product Innovation
Product Innovation Value Without Compromise Elevated Features & Styling Builder/Developer The new Embrace national series strikes a smart The new Altitude national series of homes is Genesis Homes provides builder/developers with balance between beautiful design and value. It packed with elevated st
Slide 19: Product Innovation
Product Innovation 19
Slide 20: Financial Highlights
Slide 21: Five-year Financial Summary
Five-year Financial Summary Historical Financials Commentary REVENUE ($ in millions) 31.4% Manufacturing footprint 27.1% Retail acquisition of 12 Retail expansion from 21 26.7% 26.7% expansion since FY21 25.7% Factory Expo locations in sales centers in FY20 to includes organic expansions 20.2% FY23,
Slide 22: Cash Flow, Balance Sheet, & Capital Allocation
Cash Flow, Balance Sheet, & Capital Allocation Strong Adj. EBITDA less Capex Conversion Rate (1)(2) Flexible Balance Sheet ($ in millions) ($ in millions) 9/27/2025 $600 91% 95% Cash and equivalents $ 619 90% $500 90% Revolver ($200mm) - 86% 85% Floor plan payable 99 $400 82% $493 78% 80% Notes paya
Slide 23: Appendix
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Slide 24: Reconciliation of Net Income to Adjusted EBITDA
Appendix Reconciliation of Net Income to Adjusted EBITDA, Adjusted EBITDA less Capex & Adjusted EBITDA Margin ($ in thousands) 2021 2022 2023 2024 2025 LTM Net income attributable to Champion Homes, Inc. $ 84,899 $ 248,044 $ 401,802 $ 146,696 $ 198,413 $ 220,771 Interest expense (income), net 3,248
Slide 25: Reconciliation of Gross Profit to Adjusted Gross Profit
Appendix Reconciliation of Gross Profit to Adjusted Gross Profit & Adjusted Gross Profit Margin ($ in thousands) 2021 2022 2023 2024 2025 LTM Gross profit $ 287,295 $ 589,123 $ 818,681 $ 485,794 $ 664,023 $ 711,237 Product liability - water intrusion - - - 34,500 - - Adjusted Gross profit $ 287,295