Thor Industries, Inc. · NYSE:THO
Thor Industries — Q3 2020 Earnings Presentation
13 slides from Thor Industries's earnings presentation, Jun 8, 2020
Slide 1: Third Quarter Fiscal 2020 Results
THIRD QUARTER FISCAL 2020 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: Third Quarter Highlights Fiscal Year 2020
Third Quarter Highlights Fiscal Year 2020 $1.68 bn NET SALES In the third fiscal quarter, Thor was profitable and generated positive net cash from operations. Net cash from operations for the year-to-date period was $237.3 million Thor achieved a gross profit margin of 12.2% by responding aggressive
Slide 4: Third Quarter 2020 Financial Results
Third Quarter 2020 Financial Results Net Sales Net sales were $1.68 billion in the third quarter, reflecting the economic impact of the COVID-19 pandemic Gross Profit Gross profit was $205.6 million in the third quarter Gross profit margin improved to 12.2% in the third quarter of fiscal 2020 from 1
Slide 5: COVID-19 Response and Actions
Temporarily suspended production at all of its North American RV production facilities and a substantial portion of its European RV production in late March Aligned cost structure with volumes and demand environment Enacted employee furloughs or pay reductions for hourly and salaried employees CEO c
Slide 6: Third Quarter 2020 North American Towable Segment
Third Quarter 2020 North American Towable Segment Net Sales Net sales of North American Towable RVs in the third quarter of fiscal 2020 showed the impact of the COVID-19 pandemic on current-period sales, decreasing 37.5% Gross Profit Margin Gross profit margin was in line with the prior fiscal third
Slide 7: Third Quarter 2020 North American Motorized Segment
Net Sales Fiscal 2020 third quarter net sales of North American Motorized RVs reflected the impact of the COVID-19 pandemic on current-period sales which decreased by 42.5% compared to the prior year Third Quarter 2020 North American Motorized Segment Gross Profit Margin Gross profit margin remained
Slide 8: Third Quarter 2020 European Segment
$615.3 mm in Net Sales European RV segment net sales for the fiscal third quarter were down 19.8% from $767.5 million in the prior-year period, and included the impact of the COVID-19 pandemic Third Quarter 2020 European Segment $62.6 mm in Gross Profit Gross profit improved to $62.6 million, or 10.
Slide 9: Go Everywhere. Stay Anywhere
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Slide 10: RV Industry Overview — North America
(1) Source: Statistical Surveys, Inc., U.S. and Canada, CYTD through March 31, 2020 and 2019 (2) Source: Recreation Vehicle Industry Association, CYTD through April 2020 (3) Source: The Conference Board, Consumer Confidence Survey® 2020 Industry Wholesale Shipments by Type (2) Consumer Confidence vs
Slide 11: RV Industry Overview — North America Wholesale Market Trends
RV Industry Overview — North America RV Wholesale Market Trends (Units 000's) Towable RV Wholesale Market Trends (Units 000's) YTD Shipments (Units) Mar. 2020 Mar. 2019 Unit Change % Change 100,404 99,976 428 +0.4% YTD Shipments (Units) Mar. 2020 Mar. 2019 Unit Change % Change 90,327 87,253 3,074 +3
Slide 12: RV Industry Overview — Europe
RV Industry Overview — Europe Source: European Caravan Federation, 2019 and 2020 calendar quarters ended March 31; European retail registration data available at www.CIVD.de Source: Statistical Surveys (www.statisticalsurveys.com) Country Caravans Motorcaravans Total YTD March 31, % YTD March 31, %
Slide 13: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912