THOR Industries, Inc. · NYSE:THO
THOR Industries — Q1 FY2022 Earnings Presentation
14 slides from THOR Industries's earnings presentation, December 2021
Slide 1: First Quarter of Fiscal 2022 Financial Results
FIRST QUARTER OF FISCAL 2022 FINANCIAL RESULTS www.thorindustries.com
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
FIRST QUARTER OF NORTH AMERICAN INDEPENDENT DEALER FISCAL YEAR 2022 INVENTORY OF THOR PRODUCTS * Net Sales ** $3.96 billion +56% * Includes 550 units of Tiffin products Gross Margin NA Motorized $0.93 bn ALL-TIME RECORD RV BACKLOG NA Towables 23.4% 16.6% $2.24 bn OF $18.07 BILLION +170 bps 56.6% +10
Slide 4: North American Towable Segment
NORTH AMERICAN TOWABLE SEGMENT First Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Increased 61.0%* primarily due to an Increased 240 basis points* driven by Increased approximately 138%* increase in unit shipments, changes in improved labor, overhead and freight to $10.44 billi
Slide 5: North American Motorized Segment
NORTH AMERICAN MOTORIZED SEGMENT First Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Increased 87.3%* driven primarily by Increased 130 basis points* driven Increased approximately 93%* to an increase in unit shipments, primarily by a reduction in sales approximately $4.28 billi
Slide 6: European Segment
EUROPEAN SEGMENT First Quarter of Fiscal 2022 NET SALES GROSS PROFIT MARGIN BACKLOG Increased 5.1%* driven primarily by Decreased by 130 basis points* THOR’s European RV backlog changes in product mix and selective primarily due to additional labor and increased 45%* to $3.35 billion net selli
Slide 7: Acquisition of Airxcel
ACQUISITION OF AIRXCEL ▪ Completed acquisition on September 1, 2021; results are included in Other, which is a non-reportable segment ▪ The addition of Airxcel, a leading supplier of functionally critical RV parts and accessories with a portfolio of highly recognized brands, is expected to: • Streng
Slide 8: Appendix
‘Go Everywhere: Stay Anywhere” a4 fo) x= Ee
Slide 9: THOR At-A-Glance
THOR AT-A-GLANCE NORTH AMERICAN THOR Industries (NYSE: THO) was founded in 1980 and is TOWABLE MOTORIZED headquartered in Elkhart, Indiana. THOR is the sole owner of operating subsidiaries that, combined, represent the world’s largest manufacturer of RVs MANUFACTURING OPERATIONS IN FRANCE 23,351,000
Slide 10: RV Industry Overview – North America
RV INDUSTRY OVERVIEW North America CONSUMER CONFIDENCE VS. RV RETAIL REGISTRATIONS 2021 INDUSTRY WHOLESALE UNIT SHIPMENTS BY TYPE (2) Note: 2021 represented above includes the trailing twelve months of registrations ended September CALENDAR YEAR-TO-DATE RV RETAIL MARKET SHARE (1)(4) 1.9% 1.4% 1.4% 1
Slide 11: RV Industry Overview – North America
RV INDUSTRY OVERVIEW North America RV WHOLESALE MARKET TRENDS (UNITS 000's) YTD Shipments (Units) 5-year CAGR: 2.8% Sept. 2021 Sept. 2020 Unit Change % Change 452,637 300,100 152,537 +50.8% TOWABLE RV WHOLESALE MARKET TRENDS (UNITS 000's) YTD Shipments (Units) 5-year CAGR: 3.6% Sept. 2021 Sept. 2020
Slide 12: RV Industry Overview – Europe
RV INDUSTRY OVERVIEW Europe EUROPEAN INDUSTRY UNIT REGISTRATIONS BY COUNTRY (1) Caravans Motorcaravans Total Country The Company monitors retail trends CYTD September 30, % CYTD September 30, % CYTD September 30, % in the European RV market as 2021 2020 Change 2021 2020 Change 2021 2020 Change Germa
Slide 13: Capital Management
CAPITAL MANAGEMENT NET CASH FROM OPERATIONS AND CAPITAL EXPENDITURES ($ millions) CASH PRIORITIES QUARTERLY DIVIDENDS PER SHARE 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 Repu
Slide 14: Investor Relations Contact
INVESTOR RELATIONS CONTACT Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912 www.thorindustries.com