Thor Industries, Inc. · NYSE:THO
Thor Industries — Merger or Acquisition (December 2020)
7 slides from Thor Industries's merger presentation, Dec 22, 2020
Slide 1: Acquisition of Tiffin Motorhomes
ACQUISITION OF TIFFIN MOTORHOMES 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: THOR Welcomes Tiffin: Company Profile
THOR WELCOMES TIFFIN Family owned and operated premium manufacturer of luxury recreational vehicles for 49 years with a longstanding reputation for outstanding product quality and customer service. Tiffin generated approximately $800 million in revenue from the sale of RVs for the fiscal year ended
Slide 4: Total Consideration, Funding and Accretion
Total Consideration The purchase price was $300 million, subject to customary post-closing adjustments, and includes all real estate currently owned and utilized by the Tiffin Group*. The Purchase Agreement was executed and the transaction closed on December 18, 2020. Funding The acquisition was fun
Slide 5: Strategic Rationale
STRATEGIC RATIONALE Opportunities to enhance Tiffin’s operating margin exist in both the short-term and longer-term and are anticipated to be achieved through the sharing of best practices related to: Operational efficiencies Sourcing of raw materials, including leveraging our consolidated spend Lev
Slide 6: Product Portfolio
5th-Wheel Est. 2019 PRODUCT PORTFOLIO Tiffin continues to expand and diversify its premium product offering MotorHome Magazine Readers Choice 2020: - Gold Award: Tiffin Class A - Silver Award: Tiffin Class C RV Revenue Mix Fiscal Year Ended February 28, 2020 Class A Est. 1972 Class C Est. 2017 RV Bu
Slide 7: Investor Relations Contact
ACQUISITION OF TIFFIN MOTORHOMES Investor Relations Contact: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912
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