WGO Baird 2026 Investor Presentation vF

Michael Happe

President and Chief Executive Officer

Locations Diverse Products

Current Net Revenues1

Highly Skilled Employees

Significant

Class A - Gas & Diesel Class B - Gas & Diesel Class C - Gas & Diesel

Travel Trailer 5th Wheel Specialty Vehicles

Transformation

FY16 Current

Executive Office

RV Production

Boat Production

Net Revenues $1.0B $2.9B

RV Market Share2 3.3% 10.2%

Pontoon Market Share3 0.0% 9.3%

1 Current net revenues are F2c Ǫ2 TTM

Fiberglass Boats

Pontoon Boats Mobile Power

Battery Production

2 RV market shareis TTM thru F1c and March FY2c TTM; per Statistical Surveys Inc. Data is based on the latest

publiclyavailable information and is often impacted bydelays in reporting by various states.

3 Pontoon market share is TTM through F1c and April FY2c TTM per Statistical Surveys Inc. Data is based on the latest publicly available information and is often impacted bydelays in reporting by various states.

© 2026 Winnebago Industries 3

We believe time together outdoors is priceless

PURPOSE Elevating every moment outdoors

To be the trusted leader in premium outdoor recreation

© 2026 Winnebago Industries 4

Unit

Share

Change Y/Y

Source: Statistical Surveys Inc. Data is based on the latest publicly available information and is often impacted by delays in reporting by various states.

Built for Backcountry Adventurists

Highly durable, versatile adventure truck engineered for real terrain and weather, offering off-grid capability, flexible space, and smart system control

#1 Selling Class A Diesel RV in

the U.S., Celebrating 35 Years

All-New Floor Plan 4345 offers a rear space that can serve as either a generous walk-in wardrobe complete with washer and dryer or a private bunk area to give kids or guests their own private retreat

CLASS B CAMPER VAN

Broadens Grand Design's Class B

lineup, complementing existing models and targeting consumers seeking compact, adventure-oriented vehicles

LIGHTWEIGHT TRAVEL TRAILER

Targets adventure-oriented buyers with lightweight construction and modern design, broadening Winnebago's reach in the entry and mid-tier towable market

PREMIUM FIFTH WHEEL DESTINATION TRAILER ENTRY

Strengthens Grand Design's presence in the luxury fifth-wheel segment with enhanced residential features and upgraded construction, including the new Omega fifth wheel frame and

a seamless PET composite roof

Represents Grand Design's first entry into the destination trailer segment, expanding participation into a growing category focused on longer-stay and seasonal use

F21

F23

7.1%

F24

8.8%

Aria

F25

8.G%

F26 G.3%

Sanza

F1G

1.7%

4.7%

Corsa

Leggera

F17

F18 0.3%

Cabrio Lusso

0.0%

Source: Statistical Surveys Inc.; F2c is April FY2c TTM ; represents unit retail volume market share of the U.S. aluminum pontoon segment. Data is based on the latest publicly available information and is often impacted by delays in reporting by various states.

© 2026 Winnebago Industries 9

PREMIUM RUNABOUT

Represents a new entry point within the Chris-Craft portfolio, thoughtfully expanding the customer base while maintaining the design, craftsmanship, and standards that define the brand

ELEVATED VALUE PONTOON

Expands Barletta's lineup with an offering designed to reach more accessible price points while maintaining the brand's hallmark quality, comfort, and performance

ENHANCED COMFORT C CONTROL

Advances ride quality through pontoon-tuned software and optimized integration, enabling smoother control and banked turns while maintaining award-winning customer satisfaction

© 2026 Winnebago Industries 10

Capital Expenditures

($ - millions)

88 83

Leverage Ratio1

COVID

EBITDA Impact

4.8

Cash Returned to Shareholders2

2.5

1.6 2.0

2.5

0.7

3.1 2.G

($ - millions)

15 62

233

83 107 8G 3G

FY17 Q2 FY18 Q4 FY20 Q1 FY20 Q3 FY22 Q1 FY25 Q3 FY25 Q4 FY26 Q2

FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q2 TTM

• 47th consecutive quarter of dividend payments

• $180M remaining on repurchase authorization at quarter end Q2 F26

  
  
  

  1. Leverage ratio defined as net debt /TTM Proforma Adjusted EBITDA. Proforma Adjusted EBITDA is a non-GAAP measure; see reconciliation in Appendix

  2. Defined as dividends plus share repurchases, excluding shares repurchased for employee compensation purposes.

© 2026 Winnebago Industries 11

Outdoor participation continues to grow

increase in total number of outings since 2019

More individuals are getting

outside

outdoor recreation

participants

(3% increase YoY)

Diversity in outdoor

recreation is climbing

YoY increase in black and Hispanic participants

Family outdoor participation at record high

of households with children participated in the outdoors

Source: 2025 Outdoor Participation Trends Report, Outdoor Industry Association

RV usage remains strong

individuals plan to have an RV experience this spring

RVers budget appropriately for travel

of RVers set a travel budget for their trip

Satisfaction with boating is high

of power-boat owners are very satisfied with their boating experience

Boat owners not trading down

of power-boat owners plan to buy same type of boat or upgrade in the future

Sources: RVIA 2026 Spring Travel Trends Survey; Winnebago Industries 2025 Marine Category Truths (n=4,278)

STRATEGIC TECHNOLOGY

VERTICAL

A fully integrated energy system with optimized components, enabling faster installation, higher reliability, and scalable OEM-ready solutions across platforms

PRODUCT CONNECTIVITY

A first-of-its-kind intelligent RV platform that optimizes power, automates systems, and enables one-touch control, extending comfort and confidence off the grid

WINNEBAGO CONNECTTM

Digital Marketing Advances

DATA-DRIVEN MARKETING

Strong brand architecture and digital engagement drive clearer positioning, stronger conversion, scalable partnerships, and customer loyalty

Uniquely positioned to drive long-term profitable growth as a trusted

leader in premium outdoor recreation:

→

Supports strong profitability and margin expansion over the long-term

→

Promotes synergies for accelerated growth and

profitability

Generates continuous product innovation,

→ competitive differentiation, and margin

enhancement

→

Enables durable profitability through economic cycles

→ Provides foundation for long-term value creation

→

Brings deep operational experience, industry knowledge, and a track record of accretive MCA

Contact

Joan Ondala