Winnebago Industries : WGO Baird 2026 Investor Presentation vF

About this update from Winnebago Industries, Inc.

Michael Happe President and Chief Executive Officer Elevating Every Moment Outdoors as the Trusted Leader in Outdoor Recreation $2.9B Locations Diverse Products Current Net Revenues 1 ~5,200 Highly Skilled Employees Significant Class A - Gas & Diesel Class B - Gas & Diesel Class C - Gas & Diesel Travel Trailer 5 th Wheel Specialty Vehicles Transformation FY16 Current Executive Office RV Production Boat Production Net Revenues $1.0B $2.9B RV Market Share 2 3.3% 10.2% Pontoon Market Share 3 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 BELIEF We believe time together outdoors is priceless VISION PURPOSE Elevating every moment outdoors To be the trusted leader in premium outdoor recreation PRINCIPLES Relentless Excellence Our unyielding pursuit of greatness and unwavering commitment to quality drive everything we do. Unparalleled Collaboration Our empowered employees and unique team culture create superior value and accelerate growth. Purposeful Innovation Our consumer-centric design and thoughtful technology delight customers as they travel, live, work, and play. Exceptional Experience Our care for our customers and the outdoors enables the most seamless, joyful experiences. VALUES Do the Right Thing Operate with integrity and trust Live the Code of Conduct Take ownership & be accountable Put People First Focus on safety - always Be inclusive with respect for all Support our communities & our environment Be the Best Deliver winning results Focus on our customers and stakeholders Continuously innovate & improve © 2026 Winnebago Industries 4 How We Operate RV Unit Share Data (TTM ended March 31, 2026) Motorhome 17.2% Class A - Diesel 35.6% Class A - Gas 13.2% Class B 20.8% Class C 14.4% Towable G.3% Fifth Travel Wheel Trailer 14.7% 8.2% Total 10.2% 0.4 pts 1.S pts 1.S pts (3.4) pts 2.1 pts (0.7) pts (1.3) pts (0.5) pts (0.c) pts 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. Motorhome RV Segment New Products ARKA 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 2027 Dutch Star Floor Plan 4345 #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 Lineage - Series VP CLASS B CAMPER VAN Broadens Grand Design's Class B lineup, complementing existing models and targeting consumers seeking compact, adventure-oriented vehicles Towable RV Segment New Products Thrive 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 Solitude 414LJMJ Foundation 42GD 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 Barletta Continues Share Expansion in U.S. Aluminum Pontoon Segment 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 Launch 27 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 Marine Segment New Products Sanza 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 Seakeeper Ride 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 Balance Sheet and Capital Allocation R einvest in the profitable growth of core businesses ; talent, capacity expansion, innovation, process improvements, digital/AI capabilities Continue to invest inorganically; prioritize strategic and cultural fit, with financially accretive opportunities Capital Expenditures ($ - millions) 88 83 32 45 45 39 31 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q2 TTM Maintain adequate liquidity ; optimize capital structure Return cash to shareholders; grow dividends C share repurchases Leverage Ratio 1 Grand Design COVID Newmar EBITDA Impact 4.8 Cash Returned to Shareholders 2 2.5 Chris-Craft 1.6 2.0 2.5 0.7 Barletta 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 47 th consecutive quarter of dividend payments $180M remaining on repurchase authorization at quarter end Q2 F26 Leverage ratio defined as net debt /TTM Proforma Adjusted EBITDA. Proforma Adjusted EBITDA is a non-GAAP measure; see reconciliation in Appendix Defined as dividends plus share repurchases, excluding shares repurchased for employee compensation purposes. © 2026 Winnebago Industries 11 Structural Growth in Outdoor Participation Expands the Long-Term Demand Base Outdoor participation continues to grow G00M increase in total number of outings since 2019 More individuals are getting outside 181.1M outdoor recreation participants (3% increase YoY) Diversity in outdoor recreation is climbing 5.1M YoY increase in black and Hispanic participants Family outdoor participation at record high 66% of households with children participated in the outdoors Source: 2025 Outdoor Participation Trends Report, Outdoor Industry Association Consumers Remain Highly Engaged Across RV and Marine Experiences RV usage remains strong 34.6M individuals plan to have an RV experience this spring RVers budget appropriately for travel G5% of RVers set a travel budget for their trip Satisfaction with boating is high 86% of power-boat owners are very satisfied with their boating experience Boat owners not trading down 74% 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) Advancing a Connected Technology Ecosystem 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 CONNECT TM Digital Marketing Advances DATA-DRIVEN MARKETING Strong brand architecture and digital engagement drive clearer positioning, stronger conversion, scalable partnerships, and customer loyalty What Differentiates Winnebago Industries Uniquely positioned to drive long-term profitable growth as a trusted leader in premium outdoor recreation: Portfolio of premium outdoor recreation brands Enterprise-wide centers of excellence Robust technology engine Flexible integrated operating model and highly variable cost structure Disciplined capital allocation strategy and historically strong balance sheet Proven management team → 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 Attention : This is an excerpt of the original content. 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