Slide 1: First Quarter of Fiscal 2022 Financial Results
FIRST QUARTER OF FISCAL 2022 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: First Quarter of Fiscal Year 2022 Highlights
European $0.63 bn 16.0% NA Motorized $0.93 bn 23.4% NA Towables $2.24 bn 56.6% Other $0.16 bn 4.0% NORTH AMERICAN INDEPENDENT DEALER INVENTORY OF THOR PRODUCTS ALL-TIME RECORD RV BACKLOG OF $18.07 BILLION +102.6% * * Includes 550 units of Tiffin products *** *** Includes Tiffin backlog of $781.4 mil
Slide 4: North American Towable Segment
NET SALES ñ Increased 61.0%* primarily due to an increase in unit shipments, changes in product mix and selective net selling price increases to offset known and anticipated material cost increases GROSS PROFIT MARGIN ñ Increased 240 basis points* driven by improved labor, overhead and freight costs
Slide 5: North American Motorized Segment
NET SALES ñ Increased 87.3%* driven primarily by an increase in unit shipments, changes in product mix, selective net selling price increases and the addition of $201.2 million of net sales, or 40.7% of the 87.3% increase, from the Tiffin Group GROSS PROFIT MARGIN ñ Increased 130 basis points* drive
Slide 6: European Segment
NET SALES ñ Increased 5.1%* driven primarily by changes in product mix and selective net selling price increases GROSS PROFIT MARGIN ò Decreased by 130 basis points* primarily due to additional labor and overhead costs incurred to support planned production levels, which were negatively impacted by
Slide 7: Acquisition of Airxcel
ACQUISITION OF AIRXCEL TOWABLE EUROPEAN MOTORIZED OTHER NORTH AMERICAN Completed acquisition on September 1, 2021; results are included in Other, which is a non-reportable segment The addition of Airxcel, a leading supplier of functionally critical RV parts and accessories with a portfolio of highly
Slide 8: Appendix
APPENDIX
Slide 9: THOR At-a-Glance
THOR AT-A-GLANCE COUNTRIES 25 5 COUNTRIES + MANUFACTURING OPERATIONS IN DISTRIBUTION IN (1) As of July 31, 2021 GEOGRAPHIC NET SALES (1) THOR Industries (NYSE: THO) was founded in 1980 and is headquartered in Elkhart, Indiana. THOR is the sole owner of operating subsidiaries that, combined, represen
Slide 10: RV Industry Overview North America
RV INDUSTRY OVERVIEW North America (1) Source: Statistical Surveys, Inc., U.S. and Canada; CYTD through September 30, 2021 and 2020 (2) Source: Recreation Vehicle Industry Association, CYTD through October 2021 (3) Source: The Conference Board, Consumer Confidence Survey®, through September 2021 (4)
Slide 11: RV Wholesale Market Trends
TOWABLE RV WHOLESALE MARKET TRENDS (UNITS 000's) YTD Shipments (Units) Sept. 2021 Sept. 2020 Unit Change % Change 452,637 300,100 152,537 +50.8% YTD Shipments (Units) Sept. 2021 Sept. 2020 Unit Change % Change 410,215 271,770 138,445 +50.9% YTD Shipments (Units) Sept. 2021 Sept. 2020 Unit Change % C
Slide 12: European RV Industry Overview
(1) Source: European Caravan Federation; CYTD through September 30, 2021 and 2020; European retail registration data available at www.CIVD.de (2) Source: Statistical Surveys (www.statisticalsurveys.com) Country Caravans Motorcaravans Total CYTD September 30, % CYTD September 30, % CYTD September 30,
Slide 13: Capital Management
CAPITAL MANAGEMENT CASH PRIORITIES Invest in THOR's business Pay THOR's dividend Reduce the Company's debt obligations Support opportunistic strategic investments, to enhance long-term shareholder value Repurchase of shares on a strategic and opportunistic basis NET CASH FROM OPERATIONS AND CAPITAL
Slide 14: Investor Relations Contact
INVESTOR RELATIONS CONTACT Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912