Slide 1: Q2 2022 Earnings Presentation
1Q2 2022 Earnings Presentation Q2 2022 Earnings Presentation July 28, 2022
Slide 2: Forward Looking Statements
2Q2 2022 Earnings Presentation Forward Looking Statements This presentation contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation
Slide 3: Q2 2022 Quarterly Highlights
3Q2 2022 Earnings Presentation Q2 2022 Quarterly Highlights Growth in Total Revenue of +45% Y/Y • RV / Marine driven by outdoor recreation trends, strong execution of nimble platform • RV channel has reached healthy inventory levels, while marine and MH channels continue to be lean • Industrial and
Slide 4: Performance by Market Sectors
4Q2 2022 Earnings Presentation Performance by Market Sectors 1CPU = Content per wholesale unit on a trailing twelve-month basis RV Marine MH Industrial 57% of Q2 ’22 Sales 20% of Q2 ’22 Sales 13% of Q2 ’22 Sales 10% of Q2 ’22 Sales +41% +74% +44% +24% Revenue of $837 MM Revenue of $290 MM Revenue of
Slide 5: Industry Trends
5Q2 2022 Earnings Presentation 152,400 143,800 Wholesale Retail Industry Trends • Healthy inventory levels at dealer lots as summer selling season progresses • Dealer traffic stabilizing, still above pre-pandemic levels • Inflationary pressures emerging • Historically low dealer inventory persists,
Slide 6: Q2 2022 Financial Performance
6Q2 2022 Earnings Presentation Q2 2022 Financial Performance ($ millions except per share data) $95 $174 Q2 2021 Q2 2022 $1,020 $1,476 Q2 2021 Q2 2022 NET SALES OPERATING INCOME & MARGIN 9.3% 11.8% 45% increase in Net Sales driven by increased demand in each of our four end markets Gross and Ope
Slide 7: Balance Sheet, Cash Flow and Liquidity
7Q2 2022 Earnings Presentation Balance Sheet, Cash Flow and Liquidity 1 As of 6/26/22; 2 As defined by credit agreement • Strong Balance Sheet to Support Investments and Pursue Attractive Growth Opportunities DEBT STRUCTURE AND MATURITIES1 • $150M Term Loan ($142.5M o/s), pre-determined quarterly in
Slide 8: Appendix
8Q2 2022 Earnings Presentation Appendix
Slide 9: Non-GAAP Reconciliation
9Q2 2022 Earnings Presentation Non-GAAP Reconciliation RECONCILIATION OF NET INCOME TO EBITDA TO TTM ADJUSTED EBITDA ($ in millions) TTM 6/26/2022 Net Income $347.6 + Depreciation & Amortization 118.9 + Interest Expense, net 61.8 + Income Taxes 114.3 EBITDA $642.6 + Stock Compensation Expense 22.8 +
Slide 10: www.patrickind.com
10Q2 2022 Earnings Presentation www.patrickind.com