MasterCraft Boat Holdings, Inc. · NASDAQ:MCFT

MasterCraft Boat — Q3 FY2016 Earnings Presentation

15 slides from MasterCraft Boat's earnings presentation, May 5, 2016

  1. Slide 1: Fiscal 2016 Third-Quarter Results

    FISCAL 2016 THIRD-QUARTER RESULTS May 5, 2016

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events and include, without limitation, projections, forecasts and e

  3. Slide 3: Strategic Overview

    STRATEGIC OVERVIEW MasterCraft

  4. Slide 4: Quarterly Highlights

    QUARTERLY HIGHLIGHTS  Net sales were $57.0 million, an increase of 11.6 percent excluding the terminated Hydra-Sports manufacturing contract  Total third-quarter net sales rose 5.1 percent including Hydra-Sports  Gross margin rose to 27.8 percent, a 410 basis point improvement  Adjusted EBITDA i

  5. Slide 5: Market Update

    MARKET UPDATE • Boat market continues to expand • Performance Sport Boat segment of the market is the fastest growing segment • Innovation is significantly driving growth, in particular, the wake surfing technology • MasterCraft continues to profitably take market share in the PSB segment • Gross Ma

  6. Slide 6: Leading Market Share Position

    ROLLING QUARTERLY LTM MARKET SHARE THROUGH DECEMBER 2015 (1) 24.3% 23.1% 22.6% 22.4% 21.9% 21.7% LEADING MARKET 22.1% 21.3% 21.0% SHARE POSITION 20.5% 20.4% 20.5% 20.8% 20.6% 16.6% 17.1% 17.1% 17.3% 16.2% 16.3% 16.3% Just starting to realize 11.0% (1) 10.0% 10.3% benefits of many recent 8.6% 9.4% 9.

  7. Slide 7: Growth Opportunities

    1 Continue to Develop New and Innovative Products in Core Markets 2 Penetrate the Entry-Level Segment of the Performance Sport Boat Category GROWTH 3 Capture Additional Share from Adjacent Boating Categories OPPORTUNITIES 4 Continuous Operational Improvement to Drive Margin Expansion 5 Further Stren

  8. Slide 8: Financial Highlights

    FINANCIAL HIGHLIGHTS MasterCraft

  9. Slide 9: Fiscal 2016 Third-Quarter Results

    FISCAL 2016 THIRD-QUARTER RESULTS ($ in thousands, MasterCraft only) METRIC FY 2016 Q3 FY 2015 Q3 Units Sold 701 652 Q over Q Growth % 7.5% 19.2% Net Sales $57,030 $51,099 Q over Q Growth % 11.6% 26.4% Adjusted EBITDA $10.098 $7,463 Q over Q Growth % 35.3% 79.2% Adjusted EBITDA Margin % 17.7% 14.6%

  10. Slide 10: Fiscal 2016 Guidance

    METRIC FYE 2016 TARGET (1) Revenue Growth High-single to low-double digit FISCAL 2016 GUIDANCE Adjusted EBITDA Margin (2) 200+ bps from FY2015 (3) EPS Growth 15%+ _____________________ Note: These goals are forward-looking, are subject to significant business, economic, regulatory and competitive un

  11. Slide 11: Appendix

    APPENDIX

  12. Slide 12: Adjusted EBITDA Reconciliation

    ADJUSTED EBITDA RECONCILIATION The following table sets forth a reconciliation of adjusted EBITDA to net income as determined in accordance with GAAP for the periods indicated: (Dollars in thousands, unaudited) FY 2016 Q3 FY 2015 Q3 FY 2016 Q3 YTD FY 2015 Q3 YTD Net Income $4,894 $105 $5,441 $2,997

  13. Slide 13: Adjusted EBITDA Reconciliation

    ADJUSTED EBITDA RECONCILIATION (1) Represents non-cash expense related to increases (decreases) in the fair market value of our common stock warrant. (2) Represents fees and expenses related to our initial public offering. (3) Represents legal and advisory fees related to our litigation with Malibu

  14. Slide 14: Adjusted Net Income Reconciliation

    ADJUSTED NET INCOME RECONCILIATION The following table sets forth a reconciliation of Adjusted net income to net income as determined in accordance with GAAP for the periods indicated: (Dollars in thousands, unaudited) FY 2016 Q3 FY 2015 Q3 FY 2016 Q3 YTD FY 2015 Q3 YTD Net Income $4,894 $105 $5,441

  15. Slide 15: Adjusted Net Income Reconciliation

    ADJUSTED NET INCOME RECONCILIATION (1) Represents non-cash expense related to increases (decreases) in the fair market value of our common stock warrant. (2) Represents fees and expenses related to our initial public offering. (3) Represents legal and advisory fees related to our litigation with Mal

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