Thor Industries, Inc. · NYSE:THO
Thor Industries — Q2 FY2021 Earnings Presentation
13 slides from Thor Industries's earnings presentation, 2021
Slide 1: Second Quarter of Fiscal 2021 Financial Results
SECOND QUARTER OF FISCAL 2021 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: Overview
Overview Second Fiscal Quarter 2021* NET GROSS PROFIT EARNINGS PER POSITIVE SALES MARGIN SHARE OUTLOOK +36% +240 basis points +358% for long-term growth In the near-term, which we define as the remainder of calendar 2021, we see demand for our products outpacing supply. Our backlog is at record leve
Slide 4: Quarterly Highlights
North American Independent Dealer Quarterly Highlights Inventory of THOR Products Second Fiscal Quarter 2021 Net Sales * $2.73 billion +36% European 26.9% * Includes 700 units of Tiffin products $0.73 bn NA Motorized Other 21.2% 1.6% RV Backlog $0.04 bn $0.58 bn $10.8 billion +276.2% NA Towables 50.
Slide 5: Financial Results
Financial Results Second Quarter of Fiscal 2021 Net Sales Net sales increased 36.2% to $2.73 billion in the second quarter of fiscal 2021 compared to the prior-year period, due to increased unit shipments across the business segments and the inclusion of $82.4 million of net sales of Tiffin Group si
Slide 6: North American Towable Segment
North American Towable Segment Second Quarter of Fiscal 2021 Net Sales Net sales of North American Towable RVs increased 39.6% in the second quarter of fiscal 2021 compared to the prior-year period, driven primarily by an increase in unit shipments Gross Profit Margin Gross profit margin increased 3
Slide 7: North American Motorized Segment
North American Motorized Segment Second Quarter of Fiscal 2021 Net Sales Fiscal 2021 second quarter net sales of North American Motorized RVs increased 67.9% compared to the prior-year period, driven primarily by an increase in unit shipments and the inclusion of $74.6 million of net sales of Tiffin
Slide 8: European Segment
European Segment Second Quarter of Fiscal 2021 Net Sales European RV segment net sales for the fiscal second quarter increased 15.1% from the prior-year period, driven primarily by an increase in the overall net price per unit due to the impact of changes in product mix, an increase in unit shipment
Slide 9: RV Industry Overview
RV Industry Overview North America Consumer Confidence vs. RV Retail Registrations 2020 Industry Wholesale Shipments by Type (2) Full-Year RV Retail Market Share (1)(4) 1.4% 1.1% 1.3% 1.5% 8.0% 7.9% 13.4% 15.1% 8.8% 7.5% THOR Forest River 7.4% 7.0% 2020 41.5% 2019 Winnebago 2020 2019 37.0% 44.9% 38.
Slide 10: RV Industry Overview
RV Industry Overview North America RV Wholesale Market Trends (Units 000's) YTD Shipments (Units) Dec. 2020 Dec. 2019 Unit Change % Change 5-year CAGR: 2.8% 430,412 406,070 24,342 +6.0% Towable RV Wholesale Market Trends (Units 000's) YTD Shipments (Units) Dec. 2020 Dec. 2019 Unit Change % Change 5-
Slide 11: RV Industry Overview: Europe Calendar Year Registrations
RV Industry Overview Europe European Industry Unit Registrations by Country (1) Caravans Motorcaravans Total Calendar Year Registrations Country • The Company monitors retail trends Calendar Year % Calendar Year % Calendar Year % in the European RV market as 2020 2019 Change 2020 2019 Change 2020 20
Slide 12: Capital Management
Cash Priorities Capital Management Invest in our businesses ($ millions) Pay our dividend Reduce our acquisition-related debt obligations Fund opportunistic strategic investments, including acquisitions, to enhance long-term shareholder value Repurchase of shares on a strategic and opportunistic bas
Slide 13: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Mark Trinske Vice President of Investor Relations [email protected] (574) 970-7912 www.thorindustries.com