MasterCraft Boat Holdings, Inc. · NASDAQ:MCFT
MasterCraft Boat — Q3 FY2019 Earnings Presentation
14 slides from MasterCraft Boat's earnings presentation, May 9, 2019
Slide 1: Fiscal 2019 Third Quarter Results
FISCAL 2019 THIRD QUARTER RESULTS MAY 9, 2019
Slide 2: Disclaimer
DISCLAIMER — This presentation contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events and include, without limitation, projections, forecasts and
Slide 3: Diversified Portfolio of Leading Brands Serving the Fastest Growing Segments
DIVERSIFIED PORTFOLIO OF LEADING SERVING THE FASTEST GROWING SEGMENTS BRANDS — 01. 02. 03. 04. PERFORMANCE SPORT BOATS FIBERGLASS OUTBOARD BOATS PONTOON BOATS LUXURY DAY BOATS Iconic brand built on four key Fresh, innovative brand Premium pontoon brand De-novo brand that creates an pillars: focused
Slide 4: Company Highlights
COMPANY HIGHLIGHTS — 01. G r o w i n g s t a b l e o f l e a d i n g , d i v e r s i f i e d b r a n d s s y n o n y m o u s w i t h q u a l i t y, i n n o v a t i o n a n d performance 02. L e a d i n g m a r k e t s h a r e p o s i t i o n s i n t h r e e o f t h e HIGHLY-VISIBLE fastest growing s
Slide 5: Highly Visible Avenues for Growth
HIGHLY VISIBILE AVENUES FOR GROWTH — PRODUCT DEVELOPMENT & 01. INNOVATION GOAL: Driving sales through new and innovative product designs and options DRIVE SUSTAINABLE, STRENGTHENING DEALER 02. NETWORK PROFITABLE GROWTH Relentless focus on having the best dealer for each respective brand in every mar
Slide 6: Third Quarter Results
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Slide 7: Third Quarter Highlights
THIRD QUARTER HIGHLIGHTS — Record-setting results in net sales, gross profit and adjusted EBITDA Net sales for the second quarter increased to $128.4 million, up 36.9% Adjusted EBITDA increased to $21.9 million, up 25.0% Adjusted net income for the quarter totaled $14.6 million, up 31.7% F
Slide 8: Fiscal 2019 Third Quarter Results
FISCAL 2019 THIRD QUARTER RESULTS — METRIC FY 2019 Q3 FY 2018 Q3 Units – MasterCraft 868 804 Units – NauticStar 485 628 Units – Crest 728 — Consolidated Q over Q Growth % 45.3% — Net Sales – MasterCraft $79.4 $69.3 Net Sales – NauticStar $21.7 $24.6 Net Sales – Crest $27.3 — Consolidated Q over Q Gr
Slide 9: Fiscal 2019 & Initial Aviara Expectations
FISCAL 2019 & INITIAL AVIARA EXPECTATIONS — Reaffirming fiscal 2019 guidance and providing initial high-level fiscal 2020 expectations for new Aviara brand METRIC FY 2019 METRIC FY 2020 Net Sales Growth Low 40% range Net Sales $10 - $15 million range Slightly higher than Adjusted EBITDA Margin Mid
Slide 10: Appendix
APPENDIX
Slide 11: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION — The following table sets forth a reconciliation of net income as determined in accordance with GAAP to adjusted EBITDA for the periods indicated: METRIC FY 2019 Q3 FY 2018 Q3 Net income $12,763 $11,454 Income tax expense 3,834 2,848 Interest expense 1,867 897 Depre
Slide 12: Adjusted Net Income Reconciliation
ADJUSTED NET INCOME RECONCILIATION — METRIC The following table FY 2019 Q3 Net income $12,763 FY 2018 Q3 $11,454 Income tax expense sets forth a 3,834 2,848 Transaction expense (1) 987 746 reconciliation of net New brand startup costs (2) 937 253 income as determined Stock-based compensation 371 3
Slide 13: Adjusted Net Income per Share Reconciliation
ADJUSTED NET INCOME PER SHARE RECONCILIATION — The following table sets forth a reconciliation of net income per diluted share as determined in accordance with GAAP to adjusted net income per diluted share for the periods indicated: METRIC FY 2019 Q3 FY 2018 Q3 Net income per diluted share $0.68 $
Slide 14: MasterCraft Boat Holdings Inc.
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MasterCraft Boat Holdings — Q3 FY2019 Earnings Presentation on 6ix