The document is an investor presentation from Thor Industries discussing their third quarter 2017 results and outlook. Some key points:
- Thor reported record revenues and net income for the 13th consecutive quarter. Revenues increased 57% year-over-year to $2.015 billion due to organic growth and acquisitions.
- Consolidated RV backlogs more than doubled to $2.36 billion compared to $1.06 billion in the prior year third quarter, driven by strong consumer demand for their travel trailers and motorhomes.
- Thor remains optimistic about future growth due to continued strength in the RV industry macro environment and expanding consumer base. They are increasing production capacity through new plants and expansions.
Thor Industries is one of the world's largest manufacturers of recreational vehicles (RVs). It has two main business segments: towable RVs like travel trailers and fifth wheels, and motorized RVs like Class A, B, and C motorhomes. Thor acquired Jayco, another major RV manufacturer, in June 2016. The acquisition was strategic as Jayco complements Thor's existing RV product portfolio and will continue to operate independently under Thor's decentralized business model. Thor has an experienced management team led by Executive Chairman Peter Orthwein and President/CEO Robert Martin.
This document discusses Thor Industries' acquisition of Jayco. Some key points:
- Jayco is a $1.5 billion RV manufacturer with a complementary product portfolio including travel trailers, folding campers, and motorhomes.
- The acquisition was completed on June 30, 2016 for $576 million in cash to be paid down within 3 years.
- Jayco fits with Thor's decentralized model and will continue to operate independently while benefiting from Thor's support. Jayco generated $70 million in pre-tax profits in 2015.
- The acquisition expands Thor's product offerings and dealer network while being accretive to earnings in the first year. Jayco's margins are slightly dilutive but synerg
Thor Industries reported record fourth quarter 2017 results with net sales up 49.5% to $1.93 billion compared to the prior year. Net income increased 44.3% to $119.5 million. Demand remains strong, driven by continued consumer preference for Thor's affordably priced RVs. RV backlogs nearly doubled year-over-year to $2.33 billion. Gross margins declined due primarily to changes in product mix toward more entry-level units and the acquisition of Jayco, which has shown significant margin improvement since the acquisition. Thor expects continued strength in consumer demand and the RV industry environment.
WGO Investor Presentation November 2016WinnebagoInd
The document provides an overview of Winnebago Industries and the recreational vehicle industry. It summarizes that Winnebago is well positioned in the large and growing RV market. It has iconic brands known for quality and innovation. The acquisition of Grand Design accelerates Winnebago's strategy by providing a more balanced portfolio across motorized and towable RVs and greater scale. Favorable industry dynamics such as demographics support continued expansion in the RV industry.
The document provides an overview of Thor Industries' financial results for the first quarter of fiscal year 2017, ended October 31, 2016. Some key highlights include:
- Revenues grew 65.8% year-over-year to a record $1.71 billion, with the Jayco acquisition contributing $467.1 million.
- Net income increased 55.9% to a record $78.7 million.
- The RV backlog doubled to $2.11 billion, indicating continued strong demand.
- Gross margins were modestly impacted by the Jayco acquisition.
- Capital expenditures and acquisitions continue to invest in future growth.
This presentation from Winnebago Industries' 2016 investment conference provides an overview of the company and its strategy. Key points include:
- Winnebago is an iconic American brand synonymous with motorhomes that has the top market share in the motorhome industry.
- Management has laid out a vision and strategic priorities to build a performance culture, revitalize the brand, streamline operations, expand into new markets, and elevate excellence.
- The RV industry benefits from favorable demographic trends and growing popularity of outdoor recreation, representing a large market opportunity for continued growth.
Thor Industries is one of the world's largest manufacturers of recreational vehicles. It has two main business segments: towable RVs such as travel trailers and fifth wheels, and motorized RVs including Class A, B, and C motorhomes. Thor has experienced consistent sales growth and increasing profits and earnings per share over the past decade. It aims to provide superior RV products through innovation while maintaining strong relationships with consumers, dealers, and suppliers for long-term sustainable growth.
This document provides an overview of Thor Industries, a leading manufacturer of recreational vehicles. It discusses Thor's business segments, brands, growth strategy, competitive advantages, investments in production capacity, corporate integrity, industry conditions, and consumer trends driving increased RV popularity. Key points include Thor's focus on assembly, strong market share, balanced growth approach, acquisitions to boost capacity, and opportunities in baby boomer and younger demographic groups.
Thor Industries is one of the world's largest manufacturers of recreational vehicles (RVs). It has two main business segments: towable RVs like travel trailers and fifth wheels, and motorized RVs like Class A, B, and C motorhomes. Thor acquired Jayco, another major RV manufacturer, in June 2016. The acquisition was strategic as Jayco complements Thor's existing RV product portfolio and will continue to operate independently under Thor's decentralized business model. Thor has an experienced management team led by Executive Chairman Peter Orthwein and President/CEO Robert Martin.
This document discusses Thor Industries' acquisition of Jayco. Some key points:
- Jayco is a $1.5 billion RV manufacturer with a complementary product portfolio including travel trailers, folding campers, and motorhomes.
- The acquisition was completed on June 30, 2016 for $576 million in cash to be paid down within 3 years.
- Jayco fits with Thor's decentralized model and will continue to operate independently while benefiting from Thor's support. Jayco generated $70 million in pre-tax profits in 2015.
- The acquisition expands Thor's product offerings and dealer network while being accretive to earnings in the first year. Jayco's margins are slightly dilutive but synerg
Thor Industries reported record fourth quarter 2017 results with net sales up 49.5% to $1.93 billion compared to the prior year. Net income increased 44.3% to $119.5 million. Demand remains strong, driven by continued consumer preference for Thor's affordably priced RVs. RV backlogs nearly doubled year-over-year to $2.33 billion. Gross margins declined due primarily to changes in product mix toward more entry-level units and the acquisition of Jayco, which has shown significant margin improvement since the acquisition. Thor expects continued strength in consumer demand and the RV industry environment.
WGO Investor Presentation November 2016WinnebagoInd
The document provides an overview of Winnebago Industries and the recreational vehicle industry. It summarizes that Winnebago is well positioned in the large and growing RV market. It has iconic brands known for quality and innovation. The acquisition of Grand Design accelerates Winnebago's strategy by providing a more balanced portfolio across motorized and towable RVs and greater scale. Favorable industry dynamics such as demographics support continued expansion in the RV industry.
The document provides an overview of Thor Industries' financial results for the first quarter of fiscal year 2017, ended October 31, 2016. Some key highlights include:
- Revenues grew 65.8% year-over-year to a record $1.71 billion, with the Jayco acquisition contributing $467.1 million.
- Net income increased 55.9% to a record $78.7 million.
- The RV backlog doubled to $2.11 billion, indicating continued strong demand.
- Gross margins were modestly impacted by the Jayco acquisition.
- Capital expenditures and acquisitions continue to invest in future growth.
This presentation from Winnebago Industries' 2016 investment conference provides an overview of the company and its strategy. Key points include:
- Winnebago is an iconic American brand synonymous with motorhomes that has the top market share in the motorhome industry.
- Management has laid out a vision and strategic priorities to build a performance culture, revitalize the brand, streamline operations, expand into new markets, and elevate excellence.
- The RV industry benefits from favorable demographic trends and growing popularity of outdoor recreation, representing a large market opportunity for continued growth.
Thor Industries is one of the world's largest manufacturers of recreational vehicles. It has two main business segments: towable RVs such as travel trailers and fifth wheels, and motorized RVs including Class A, B, and C motorhomes. Thor has experienced consistent sales growth and increasing profits and earnings per share over the past decade. It aims to provide superior RV products through innovation while maintaining strong relationships with consumers, dealers, and suppliers for long-term sustainable growth.
This document provides an overview of Thor Industries, a leading manufacturer of recreational vehicles. It discusses Thor's business segments, brands, growth strategy, competitive advantages, investments in production capacity, corporate integrity, industry conditions, and consumer trends driving increased RV popularity. Key points include Thor's focus on assembly, strong market share, balanced growth approach, acquisitions to boost capacity, and opportunities in baby boomer and younger demographic groups.
This investor presentation provides an overview of Winnebago Industries:
1) Winnebago Industries has transformed into a larger company with a broader product portfolio and greater scale and diversification across motorized and towable RV segments.
2) The company has established strategic priorities to elevate operational excellence, strengthen its core RV business, build a high performance culture, expand into new profitable markets, and leverage innovation.
3) Favorable industry trends including growing popularity of outdoor lifestyles, strong consumer confidence and demographics are driving growth in the large and attractive North American RV market.
1) The presentation provides an overview of Winnebago Industries and discusses its strategic priorities going forward, including elevating operational excellence, strengthening and expanding its core RV business, and building a high performance culture.
2) The acquisition of Grand Design RV has created a winning multi-brand platform and significantly enhanced Winnebago's financial profile and scale. Integration is progressing ahead of expectations.
3) Favorable demographic and economic trends are driving growth in the outdoor lifestyle industry, presenting opportunities for Winnebago to further penetrate the market.
The document summarizes information about Thor Industries, a leading manufacturer of recreational vehicles. Some key points:
- Thor has a decentralized operating structure and owns several RV brands, making it the #2 overall producer of RVs in North America.
- The company has seen record sales and profits in recent years due to strong consumer demand and its diverse product portfolio.
- Thor maintains a strong balance sheet to support growth initiatives like acquisitions and capacity expansion.
- Industry conditions remain competitive but consumer confidence in RVs has improved, driving increases in both wholesale and retail sales.
Thor Industries is the world's largest manufacturer of RVs, producing a variety of towable and motorized vehicles under multiple brand names. It has a 37-year history of profitability and growth through organic expansion and acquisitions. Thor has a decentralized operating structure and variable cost model that allows it to be resilient during economic downturns. The company benefits from long-term trends of increasing outdoor recreation and camping. With a strong financial position and experienced management team, Thor is well positioned for continued leadership in the growing North American RV industry.
WGO Investor Presentation September 2017WinnebagoInd
Winnebago Industries held an investor presentation in September 2017 to provide an overview of the company. The presentation highlighted that Winnebago has transformed into a larger and more diversified company through the acquisition of Grand Design, which has enhanced its scale, revenue base, and profitability. It summarized Winnebago's strategic focus on operational excellence, profitable growth, and building an outdoor lifestyle brand, and outlined its priorities to strengthen its motorized and towable RV businesses and expand into new markets. The presentation also reviewed Winnebago's financial performance and capital allocation approach to investing in the business and returning capital to shareholders.
This presentation discusses Winnebago Industries' investor opportunities. It highlights the large market size for motorhomes and towables, solid recent demand growth, their iconic brand, favorable economic conditions, a reorganized executive team focused on growth and profitability, and a healthy cash-rich balance sheet. The presentation also provides an industry update, company history and products, competitive advantages, financial performance overview, and future strategic priorities around building a performance culture, brand revitalization, streamlining operations, and expanding markets.
Winnebago Industries Investor Day PresentationWinnebagoInd
The document outlines the agenda for Winnebago Industries' Investor Day 2017, which includes presentations on the company's outdoor/RV overview, CEO update, business unit updates, and financial update. The agenda runs from 8:00 AM to 2:00 PM and will include presentations from Winnebago's leadership team, including the Chairman, CEO, and heads of its business units. It will provide investors with information on Winnebago's business, strategy, financials, and outlook.
Thor Industries provides a forward-looking statement discussing uncertainties and risks in their business, including factors that could cause materially different results from their expectations, such as price fluctuations, supply restrictions, regulatory changes, tax burdens, interest rates, and general economic conditions. They disclaim any obligation to update forward-looking statements except as required by law.
The document discusses Winnebago Industries' acquisition of Chris-Craft, a manufacturer of luxury motorboats. The acquisition aligns with Winnebago's strategy to diversify and enter the marine market. Chris-Craft is an iconic brand with a talented team and manufacturing capabilities. The acquisition is expected to be immediately accretive to earnings and provide opportunities for revenue growth. Winnebago plans to leverage its resources to accelerate Chris-Craft's expansion while maintaining its culture and operations.
This document discusses forward-looking statements and the factors that could cause actual results to differ from expectations. It notes 19 factors that could impact results including economic conditions, input costs, market conditions, operating efficiencies, commodity purchasing, access to foreign markets, disease outbreaks, labor availability and costs, food safety issues, consumer preferences, loss of large customers, litigation, natural disasters, leverage and interest rates, regulatory changes, acquisitions, IT security, advertising effectiveness, and risk factors listed in annual reports. The presentation then summarizes Tyson Foods business including leading brands, sales by segment and channel, opportunities for growth, innovation performance, financial trends of sales, EBITDA and free cash flow, debt levels, and
CL King Conference Presentation - September 2019WinnebagoInd
Michael Happe, CEO of Winnebago Industries, discussed the company's strategic priorities and recent acquisition of Newmar Corporation. The key strategic priorities are to elevate excellence in operations, strengthen and expand the core RV business, build a high-performance culture, expand into new profitable markets, and leverage innovation. The acquisition of Newmar will help strengthen the motorhome business, create synergies, and be immediately accretive to cash earnings per share. Newmar adds a complementary high-end motorhome product portfolio and dealer network.
Thor Industries is the world's largest manufacturer of RVs. In Q3 2013, Thor saw a 13% increase in consolidated sales and a 6% increase in net income compared to Q3 2012. RV segment sales increased 15% and income increased 31%, driven by strength in towable and motorized RVs. The company also announced the pending $100M sale of its bus business and acquisition of an RV production facility to expand motorized production capacity. Looking forward, management developed a 3-year strategic plan focused on growth and margin expansion through product innovation, capacity expansion, and improved efficiencies.
Thor Industries is the world's largest manufacturer of RVs, with market leading positions in towable RVs and motorized RVs. It has a 37-year history of growth through organic expansion and acquisitions, with 27.9% compounded annual EPS growth over the past 5 years. Thor has a decentralized operating structure that promotes entrepreneurship and focuses on strong relationships with consumers, dealers, and lenders. This sustainable business model has allowed Thor to remain profitable every year since 1980 and weather industry cycles.
Winnebago Industries held a North Star Development Retreat on February 25-26, 2019 to discuss leadership, strategic priorities, financial results, capital allocation, business development opportunities, and motorhome and towable segment developments. The company is delivering solid financial results and pursuing strategic priorities like elevating operations, strengthening its core RV business, building a high-performance culture, and expanding into new profitable markets.
Mark Hunter, President and CEO of Molson Coors Brewing Company, discussed the company's strategic focus and growth priorities. Molson Coors aims to drive top-line and bottom-line growth through initiatives to earn more revenue and use fewer resources. These include energizing brands, expanding the portfolio, building customer partnerships, driving synergies and cost savings, and investing wisely. Tracey Joubert, CFO, then reviewed Molson Coors' financial profile and targets, including steadily increasing underlying EBITDA and EBITDA margins over the medium term.
Winnebago Industries IR Presentation - April 2019WinnebagoInd
The document provides forward-looking statements and notices regarding Winnebago Industries' presentation. It discusses potential risks and uncertainties that could cause actual results to differ from projections. It also notes the company's representation that the information in the presentation does not constitute material non-public information. The presenters are then listed as Michael Happe, Bryan Hughes, and Bert Jameson.
Winnebago Industries is a manufacturer of motorhomes and towable recreational vehicles. The document provides an overview of Winnebago's leadership team, forward-looking statements, and company information including strategic priorities and financial performance. It also summarizes market trends in the RV and marine industries that demonstrate continued growth in outdoor recreation participation and camping.
The document summarizes a presentation by Winnebago Industries on its leadership, strategic priorities, financial results, the RV market, and growth opportunities. Key points include strengthening its core RV business, expanding into new profitable markets, leveraging innovation, delivering solid financial growth, and total RV retail in North America being up year-over-year with Winnebago gaining market share.
Meredith Corporation held an Investor Day presentation on June 6, 2017. The presentation included forward-looking statements about the Company's estimates of future performance, which are subject to risks and uncertainties. Actual results may differ materially from what is currently anticipated. The presentation outlined Meredith's balanced portfolio across its Local Media and National Media businesses, which generate strong and consistent cash flows. Meredith is committed to delivering top-third total shareholder returns through balanced capital allocation strategies like dividend increases and share repurchases.
Delta held its annual Investor Day in 2016 to review performance and strategy. The presentation discussed Delta's focus on achieving positive unit revenue growth through disciplined capacity management and revenue initiatives. Delta also aims to sustain its revenue premium over competitors by investing in products customers value and better segmenting customers. Delta leverages strong partnerships to expand its global network and access new markets.
Mike Bue is the qualified person who approved the scientific and technical information in the presentation. The presentation contains forward-looking statements that are based on management's expectations but actual outcomes may differ due to inherent risks and uncertainties. TVI is focused on acquiring and developing resource projects in the Asia Pacific region, and is evaluating the Cirianiu Gold Project in Fiji as a potential new opportunity.
Tvi corporate presentation december 2016TVI_Pacific
Mike Bue, a qualified person under NI43-101, has approved the scientific and technical information in the corporate presentation. The presentation contains forward-looking statements that are based on management's expectations but actual outcomes may differ due to various risks and uncertainties. TVI is a TSX-listed Canadian resource company focused on production, development, exploration and acquisition of diversified resource projects in Asia Pacific. It holds interests in TVIRD, a Philippine production and development company, and FOY Group, an Australian green energy company.
This investor presentation provides an overview of Winnebago Industries:
1) Winnebago Industries has transformed into a larger company with a broader product portfolio and greater scale and diversification across motorized and towable RV segments.
2) The company has established strategic priorities to elevate operational excellence, strengthen its core RV business, build a high performance culture, expand into new profitable markets, and leverage innovation.
3) Favorable industry trends including growing popularity of outdoor lifestyles, strong consumer confidence and demographics are driving growth in the large and attractive North American RV market.
1) The presentation provides an overview of Winnebago Industries and discusses its strategic priorities going forward, including elevating operational excellence, strengthening and expanding its core RV business, and building a high performance culture.
2) The acquisition of Grand Design RV has created a winning multi-brand platform and significantly enhanced Winnebago's financial profile and scale. Integration is progressing ahead of expectations.
3) Favorable demographic and economic trends are driving growth in the outdoor lifestyle industry, presenting opportunities for Winnebago to further penetrate the market.
The document summarizes information about Thor Industries, a leading manufacturer of recreational vehicles. Some key points:
- Thor has a decentralized operating structure and owns several RV brands, making it the #2 overall producer of RVs in North America.
- The company has seen record sales and profits in recent years due to strong consumer demand and its diverse product portfolio.
- Thor maintains a strong balance sheet to support growth initiatives like acquisitions and capacity expansion.
- Industry conditions remain competitive but consumer confidence in RVs has improved, driving increases in both wholesale and retail sales.
Thor Industries is the world's largest manufacturer of RVs, producing a variety of towable and motorized vehicles under multiple brand names. It has a 37-year history of profitability and growth through organic expansion and acquisitions. Thor has a decentralized operating structure and variable cost model that allows it to be resilient during economic downturns. The company benefits from long-term trends of increasing outdoor recreation and camping. With a strong financial position and experienced management team, Thor is well positioned for continued leadership in the growing North American RV industry.
WGO Investor Presentation September 2017WinnebagoInd
Winnebago Industries held an investor presentation in September 2017 to provide an overview of the company. The presentation highlighted that Winnebago has transformed into a larger and more diversified company through the acquisition of Grand Design, which has enhanced its scale, revenue base, and profitability. It summarized Winnebago's strategic focus on operational excellence, profitable growth, and building an outdoor lifestyle brand, and outlined its priorities to strengthen its motorized and towable RV businesses and expand into new markets. The presentation also reviewed Winnebago's financial performance and capital allocation approach to investing in the business and returning capital to shareholders.
This presentation discusses Winnebago Industries' investor opportunities. It highlights the large market size for motorhomes and towables, solid recent demand growth, their iconic brand, favorable economic conditions, a reorganized executive team focused on growth and profitability, and a healthy cash-rich balance sheet. The presentation also provides an industry update, company history and products, competitive advantages, financial performance overview, and future strategic priorities around building a performance culture, brand revitalization, streamlining operations, and expanding markets.
Winnebago Industries Investor Day PresentationWinnebagoInd
The document outlines the agenda for Winnebago Industries' Investor Day 2017, which includes presentations on the company's outdoor/RV overview, CEO update, business unit updates, and financial update. The agenda runs from 8:00 AM to 2:00 PM and will include presentations from Winnebago's leadership team, including the Chairman, CEO, and heads of its business units. It will provide investors with information on Winnebago's business, strategy, financials, and outlook.
Thor Industries provides a forward-looking statement discussing uncertainties and risks in their business, including factors that could cause materially different results from their expectations, such as price fluctuations, supply restrictions, regulatory changes, tax burdens, interest rates, and general economic conditions. They disclaim any obligation to update forward-looking statements except as required by law.
The document discusses Winnebago Industries' acquisition of Chris-Craft, a manufacturer of luxury motorboats. The acquisition aligns with Winnebago's strategy to diversify and enter the marine market. Chris-Craft is an iconic brand with a talented team and manufacturing capabilities. The acquisition is expected to be immediately accretive to earnings and provide opportunities for revenue growth. Winnebago plans to leverage its resources to accelerate Chris-Craft's expansion while maintaining its culture and operations.
This document discusses forward-looking statements and the factors that could cause actual results to differ from expectations. It notes 19 factors that could impact results including economic conditions, input costs, market conditions, operating efficiencies, commodity purchasing, access to foreign markets, disease outbreaks, labor availability and costs, food safety issues, consumer preferences, loss of large customers, litigation, natural disasters, leverage and interest rates, regulatory changes, acquisitions, IT security, advertising effectiveness, and risk factors listed in annual reports. The presentation then summarizes Tyson Foods business including leading brands, sales by segment and channel, opportunities for growth, innovation performance, financial trends of sales, EBITDA and free cash flow, debt levels, and
CL King Conference Presentation - September 2019WinnebagoInd
Michael Happe, CEO of Winnebago Industries, discussed the company's strategic priorities and recent acquisition of Newmar Corporation. The key strategic priorities are to elevate excellence in operations, strengthen and expand the core RV business, build a high-performance culture, expand into new profitable markets, and leverage innovation. The acquisition of Newmar will help strengthen the motorhome business, create synergies, and be immediately accretive to cash earnings per share. Newmar adds a complementary high-end motorhome product portfolio and dealer network.
Thor Industries is the world's largest manufacturer of RVs. In Q3 2013, Thor saw a 13% increase in consolidated sales and a 6% increase in net income compared to Q3 2012. RV segment sales increased 15% and income increased 31%, driven by strength in towable and motorized RVs. The company also announced the pending $100M sale of its bus business and acquisition of an RV production facility to expand motorized production capacity. Looking forward, management developed a 3-year strategic plan focused on growth and margin expansion through product innovation, capacity expansion, and improved efficiencies.
Thor Industries is the world's largest manufacturer of RVs, with market leading positions in towable RVs and motorized RVs. It has a 37-year history of growth through organic expansion and acquisitions, with 27.9% compounded annual EPS growth over the past 5 years. Thor has a decentralized operating structure that promotes entrepreneurship and focuses on strong relationships with consumers, dealers, and lenders. This sustainable business model has allowed Thor to remain profitable every year since 1980 and weather industry cycles.
Winnebago Industries held a North Star Development Retreat on February 25-26, 2019 to discuss leadership, strategic priorities, financial results, capital allocation, business development opportunities, and motorhome and towable segment developments. The company is delivering solid financial results and pursuing strategic priorities like elevating operations, strengthening its core RV business, building a high-performance culture, and expanding into new profitable markets.
Mark Hunter, President and CEO of Molson Coors Brewing Company, discussed the company's strategic focus and growth priorities. Molson Coors aims to drive top-line and bottom-line growth through initiatives to earn more revenue and use fewer resources. These include energizing brands, expanding the portfolio, building customer partnerships, driving synergies and cost savings, and investing wisely. Tracey Joubert, CFO, then reviewed Molson Coors' financial profile and targets, including steadily increasing underlying EBITDA and EBITDA margins over the medium term.
Winnebago Industries IR Presentation - April 2019WinnebagoInd
The document provides forward-looking statements and notices regarding Winnebago Industries' presentation. It discusses potential risks and uncertainties that could cause actual results to differ from projections. It also notes the company's representation that the information in the presentation does not constitute material non-public information. The presenters are then listed as Michael Happe, Bryan Hughes, and Bert Jameson.
Winnebago Industries is a manufacturer of motorhomes and towable recreational vehicles. The document provides an overview of Winnebago's leadership team, forward-looking statements, and company information including strategic priorities and financial performance. It also summarizes market trends in the RV and marine industries that demonstrate continued growth in outdoor recreation participation and camping.
The document summarizes a presentation by Winnebago Industries on its leadership, strategic priorities, financial results, the RV market, and growth opportunities. Key points include strengthening its core RV business, expanding into new profitable markets, leveraging innovation, delivering solid financial growth, and total RV retail in North America being up year-over-year with Winnebago gaining market share.
Meredith Corporation held an Investor Day presentation on June 6, 2017. The presentation included forward-looking statements about the Company's estimates of future performance, which are subject to risks and uncertainties. Actual results may differ materially from what is currently anticipated. The presentation outlined Meredith's balanced portfolio across its Local Media and National Media businesses, which generate strong and consistent cash flows. Meredith is committed to delivering top-third total shareholder returns through balanced capital allocation strategies like dividend increases and share repurchases.
Delta held its annual Investor Day in 2016 to review performance and strategy. The presentation discussed Delta's focus on achieving positive unit revenue growth through disciplined capacity management and revenue initiatives. Delta also aims to sustain its revenue premium over competitors by investing in products customers value and better segmenting customers. Delta leverages strong partnerships to expand its global network and access new markets.
Mike Bue is the qualified person who approved the scientific and technical information in the presentation. The presentation contains forward-looking statements that are based on management's expectations but actual outcomes may differ due to inherent risks and uncertainties. TVI is focused on acquiring and developing resource projects in the Asia Pacific region, and is evaluating the Cirianiu Gold Project in Fiji as a potential new opportunity.
Tvi corporate presentation december 2016TVI_Pacific
Mike Bue, a qualified person under NI43-101, has approved the scientific and technical information in the corporate presentation. The presentation contains forward-looking statements that are based on management's expectations but actual outcomes may differ due to various risks and uncertainties. TVI is a TSX-listed Canadian resource company focused on production, development, exploration and acquisition of diversified resource projects in Asia Pacific. It holds interests in TVIRD, a Philippine production and development company, and FOY Group, an Australian green energy company.
This presentation provides an overview of Teranga Gold Corporation and the gold mining industry trends. It discusses how gold discoveries and grades are declining globally despite increased exploration spending. It highlights that West Africa is one of the fastest growing gold mining regions in the world. Teranga is well positioned in West Africa with its Sabodala gold mine in Senegal and its expansion into Burkina Faso with its fully permitted Banfora gold project. The presentation outlines Teranga's growth opportunities and its goal of increasing production and cash flows over its remaining mine life.
The document is an investor presentation by TRC Companies, Inc. for Q2 Fiscal 2017. It provides the following key information:
1) Net service revenue increased 14% year-over-year to $127.4 million. Infrastructure revenue grew 7% while Environmental declined 2% and Oil & Gas was flat.
2) Net income increased 2% to $4 million. Strong performance in Infrastructure offset increased amortization expenses.
3) EBITDA grew 20% to $11.4 million and adjusted EBITDA increased 6% reflecting continued profitable growth.
4) The company refinanced its credit facility with an all-revolver $250 million structure to support working capital
Valvoline provided an overview and review of its fiscal first quarter 2017. It discussed its position as a leading engine and automotive maintenance brand in North America with sales across three segments: Core North America (51%), Quick Lubes (24%), and International (25%). Valvoline also highlighted its iconic brand, premium products, strong quick lube channel, history of innovation, international growth opportunities, independent organization, and multi-channel route to market as strengths driving its continued growth and strong free cash flow generation.
1) Kirkland Lake Gold is forecasting gold production of 500,000-525,000 ounces in 2017 from its Canadian and Australian operations, with an operating cash cost of $625-675 per ounce and all-in sustaining costs of $950-1000 per ounce.
2) As of December 31, 2016, Kirkland Lake Gold had a strong cash position of US$234 million and net cash of US$145 million after accounting for convertible debentures.
3) The company has a significant exploration budget of US$45-55 million planned for 2017 to evaluate expansion and discovery opportunities across its district-scale land holdings.
Sysco held its annual CAGNY conference on February 21, 2017. The presentation included a market and strategy update from the CEO, a business update from the President and COO, and a financial overview from the CFO. Sysco reaffirmed its three-year strategic plan to grow operating income by $600-650 million through initiatives like accelerating local case growth and reducing administrative costs. Sysco has already achieved $350 million in operating income growth and is on track to meet its targets.
Polaris Industries provides a summary of its business operations and 2017 outlook. It has over 10,000 employees worldwide, 19 manufacturing locations, and 5 R&D centers. In 2016, Polaris shipped over 370,000 units globally. For 2017, Polaris expects sales to be between $4.95-$5.1 billion and adjusted EPS to increase 22-29% to $4.25-$4.50, driven by contributions from the TAP acquisition and ongoing VIP savings, partly offset by investments in R&D and quality initiatives. Polaris will focus on regaining market share in ORVs/snowmobiles through new products and improved dealer relationships while growing the Indian and Slingshot brands.
- Total Rooms is seeking a $10,000 investment in exchange for 10% equity to expand their online furniture business.
- The business was started in 2001 and has expanded from a local storefront to online sales through various channels.
- Projections estimate sales growing from $200,000 in 2016 to $500,000 in 2018, with the funds being used for startup costs, fulfilling orders, and revolving cash flow.
Saltillo, Coahuila's manufacturing base is one of Mexico's largest. In addition to being companies such as Navistar, Lennox International, Whirlpool, Polaris, Freightliner and Lay Z Boy, a large presence of the Big 3 automakers has earned Saltillo the nickname of "Little Detroit." In the City of Saltillo, The Offshore Group's Manufacturas Zapalinamé operates the La Angostura Industrial Park.
http://www.offshoregroup.com/category/mexico-outsourcing-presentations/
1) 3D Innovate seeks $500,000 in funding to establish an additive manufacturing business providing 3D printing services and products.
2) The company aims to develop cheaper prosthetics and implants by partnering with medical professionals and organizations.
3) 3D Innovate plans to provide cloud-based 3D printing services and labs to customers in industries like aerospace, automotive, and medical devices.
This document discusses Thor Industries, a leading manufacturer of recreational vehicles. Some key points:
- Thor has a decentralized structure with over 9,400 employees across 120 facilities. It is the largest RV manufacturer in North America.
- The company has seen record sales and profits in recent years. It focuses on disciplined and profitable growth through innovation.
- Thor cites its entrepreneurial culture, market leadership, strong balance sheet, and competitive advantages as reasons for its long-term success in the RV industry. It remains well positioned for continued growth.
This document provides an overview of Thor Industries, Inc., a leading manufacturer of recreational vehicles. It discusses Thor's history, leadership position in the RV industry, financial performance, competitive advantages, and outlook. Key points include Thor being the largest RV manufacturer in North America, with a diverse product portfolio and decentralized operating structure. The presentation also notes trends in the recovering RV market and consumer demand. Forward-looking statements are made regarding future growth opportunities and maintaining a balanced approach.
This document discusses forward-looking statements and risks related to Thor Industries' financial performance. It provides an overview of Thor Industries, including its market leadership positions in various RV categories, operations across North America, and focus on customer needs. The document outlines Thor's strategic vision of disciplined and profitable growth, sustainable business model, and strong balance sheet. It discusses factors that make Thor different from competitors and provide competitive advantages, such as its decentralized structure and focus on relationships. The document also addresses current RV industry conditions and trends among RV consumers.
The document discusses Thor Industries, a manufacturer of recreational vehicles. It notes that Thor is the #1 manufacturer in overall RVs, travel trailers, and fifth wheels. The document highlights Thor's strategic focus on long-term sustainable growth and profitability. It discusses Thor's track record of annual profits for 34 years, increasing sales and earnings, strong balance sheet, and history of returning cash to shareholders. The summary concludes by mentioning Thor's recent acquisition of Postle Aluminum to expand its product offerings.
The document provides information about Forest River Inc., an RV manufacturer. It discusses Forest River's advantages like independent divisions, lean management structure, and customer input in design. It then details the construction methods for roofs, walls, and floors that provide improved insulation and durability over competitors. Finally, it outlines several standard and optional features of Forest River RVs.
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The document provides an overview of Winnebago Industries' leadership team, strategic priorities, and financial results. It discusses the company's diversified portfolio across motorhomes, towables, and other specialty vehicles. It also summarizes the opportunities in outdoor recreation markets and Winnebago's strategies to strengthen its core RV business and expand into new profitable markets through M&A, such as the recent acquisition of Chris-Craft.
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Thor Industries is the world's largest manufacturer of RVs, with a 34.4% market share of overall RVs sold in the US and Canada. It has over 8,300 employees and 107 facilities. In its second quarter of 2014, Thor saw a 9.3% decrease in towable RV revenue due to winter weather and production changes, but a 42.5% increase in motorized RV revenue, resulting in overall sales decreasing slightly from the prior year. Thor has a strategic plan focused on growth and margin improvements through product innovation and capacity expansion.
First quarter 2014 investor presentation 2013 10-02Thor_Industries
Thor Industries is the largest manufacturer of RVs in the world, with a 34.5% market share in overall RVs. It has over 8,300 employees and 107 facilities across four US states. Thor saw record sales of $3.2 billion in fiscal year 2013, up 23% from the previous year, and net income increased 36% to $151.7 million. The RV industry has stabilized in recent years with balanced dealer inventories and growing consumer demand. Thor is well positioned for continued growth with its strong market positions, solid balance sheet, and diversified product lineup.
Thor Industries is one of the world's largest manufacturers of RVs. It has over 8,300 employees and 107 facilities across 4 US states. The document discusses Thor's product range, competitive advantages, and positive outlook for the RV industry. Wholesale shipments and retail registrations have rebounded in recent years, and dealer inventories are at appropriate levels to meet continuing consumer demand.
This document discusses Thor Industries, a manufacturer of recreational vehicles. Some key points:
- Thor is the world's largest manufacturer of RVs, with over $3 billion in annual sales.
- They have a diverse portfolio of towable and motorized RVs sold under multiple brands.
- Thor has a strong balance sheet and profitable growth strategy focused on innovation, acquisitions, and margin expansion.
- Industry conditions have improved in recent years with growing RV shipments and dealer inventory at appropriate levels for demand.
Thor Industries provides concise summaries in 3 sentences or less:
Thor Industries is a leading manufacturer of RVs with over $3 billion in annual sales. It acquired the assets of Livin' Lite, an innovative RV manufacturer, to expand into new markets. Thor also developed a 3-year strategic plan focused on growth and margin improvement through product innovation, capacity expansion, and improved quality and content.
- Thor reported sales of $1.05 billion for the third quarter of fiscal 2013, up 13% from the prior year, driven by strength in RV sales. Net income was $43.8 million, up 6% year-over-year.
- RV segment sales were $929.8 million, up 15% from the prior year. RV segment income before tax was $77.6 million, up 31% from the prior year period.
- Towable RV sales were $742.5 million, up 9% and income before tax was $62.5 million, up 22% from actions to improve efficiencies. Motorized RV sales were $187.3 million, up 48% and income
- Thor reported sales of $1.05 billion for the third quarter of fiscal 2013, up 13% from the prior year, driven by strength in RV sales. Net income was $43.8 million, up 6% year-over-year.
- RV segment sales were $929.8 million, up 15% from the prior year. RV segment income before tax was $77.6 million, up 31% from the prior year period.
- Towable RV sales were $742.5 million, up 9% and income before tax was $62.5 million, up 22% from actions taken to improve efficiencies. Motorized RV sales were $187.3 million, up 48% and
- Thor reported sales of $1.05 billion for the third quarter of fiscal 2013, up 13% from the prior year, driven by strength in RV sales. Net income was $43.8 million, up 6% year-over-year.
- RV segment sales were $929.8 million, up 15% from the prior year. RV segment income before tax was $77.6 million, up 31% from the prior year.
- Towable RV sales were $742.5 million, up 9% and income before tax was $62.5 million, up 22% from actions to improve efficiencies. Motorized RV sales were $187.3 million, up 48% and income before
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Thor Fiscal Third Quarter 2013 Investor PresentationThor_Industries
- Thor Industries reported a 13% increase in quarterly sales to $1.05 billion, driven by strength in RV sales. Net income increased 6% to $43.8 million.
- RV segment sales increased 15% to $929.8 million and income before tax grew 31% to $77.6 million. Towable and motorized RV sales both increased substantially.
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Fiscal Third Quarter 2013 Investor PresentationThor_Industries
This presentation discusses Thor Industries, the world's largest manufacturer of RVs. It notes that Thor has a diversified product range including travel trailers, fifth wheels, motorhomes, buses, and ambulances. The presentation highlights Thor's strong market leadership position in RVs and buses. It also summarizes Thor's financial performance, competitive advantages, and outlook. Key points include record sales and profits in fiscal year 2012, optimism from dealers about consumer demand, and Thor's focus on continued growth and margin expansion.
This presentation discusses Thor Industries, the world's largest manufacturer of recreation vehicles. Thor owns several subsidiaries that manufacture RVs and buses. In fiscal year 2012, Thor's sales were $3.1 billion, with 74% from towable RVs, 12% from motorized RVs, and 14% from buses. Recently, Thor developed a three-year strategic plan focused on growth and margin improvement through product innovation, capacity expansion, improved quality, and volume leverage. Thor also reported record sales in its most recent quarter exceeding $1 billion for the first time, with continued strength in motorized and towable RVs.
Fiscal Third Quarter 2013 Investor PresentationThor_Industries
This presentation discusses Thor Industries, the world's largest manufacturer of RVs. It notes that Thor has a diversified product range including travel trailers, fifth wheels, motorhomes, buses, and ambulances. The presentation highlights Thor's strong market leadership position in RVs, with over 30% market share. It also notes Thor's focus on a sustainable business model and strong balance sheet to support future growth and shareholder returns.
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2. 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 1934, as amended. These forward looking statements are made based on management’s
current expectations and beliefs regarding future and anticipated developments and their effects upon Thor, and inherently
involve uncertainties and risks. These forward looking statements are not a guarantee of future performance. We cannot
assure you that actual results will not differ from our expectations. Factors which could cause materially different results
include, among others, raw material and commodity price fluctuations, raw material or chassis supply restrictions, the level
of warranty claims incurred, legislative, regulatory and tax policy developments, the impact of rising interest rates on our
operating results, the costs of compliance with increased governmental regulation, legal and compliance issues including
those that may arise in conjunction with recent transactions, the potential impact of increased tax burdens on our dealers
and retail consumers, lower consumer confidence and the level of discretionary consumer spending, interest rate
fluctuations and the potential economic impact of rising interest rates on the general economy, restrictive lending practices,
management changes, the success of new product introductions, the pace of obtaining and producing at new production
facilities, the pace of acquisitions, the potential loss of existing customers of acquisitions, the integration of new
acquisitions, our ability to retain key management personnel of acquired companies, the loss or reduction of sales to key
dealers, the availability of delivery personnel, asset impairment charges, cost structure changes, competition, the impact of
potential losses under repurchase agreements, the potential impact of the strengthening U.S. dollar on international
demand, general economic, market and political conditions and the other risks and uncertainties discussed more fully in
ITEM 1A of our Annual Report on Form 10-K for the year ended July 31, 2016 and Part II, Item 1A of our quarterly report
on Form 10-Q for the period ending April 30, 2017.
We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward looking statements
contained in this presentation or to reflect any change in our expectations after the date of this presentation or any change
in events, conditions or circumstances on which any statement is based, except as required by law.
2
3. TABLE OF CONTENTS
Current Industry Conditions – Page 4
Third Quarter 2017 Update – Page 8
Appendix: Financial and Market Data – Page 19
3
4. STRONG FUNDAMENTALS
SUPPORT CONTINUED RV
INDUSTRY GROWTH
4
Continued favorable
macro environment
Low interest rates
Stable fuel prices and wide
availability
Wide credit availability
Favorable employment and
wage trends
Strong consumer confidence
38% = 49M
POTENTIAL FIRST-TIME BUYERS
HAVE INVESTIGATED PURCHASE
OR VISITED AN RV SHOWROOM
OR DEALERSHIP in 2016 **
10%CAGR IN NEW RV
UNIT SHIPMENTS
SINCE 2010 *
34%OF NEW RVS
SOLD IN 2016
WERE TO FIRST
TIME BUYERS – 8
IN 10 OF THOSE
NEW BUYERS
WERE UNDER
AGE 65 *
40% = 129M
CONSUMERS IDENTIFY AS
“ACTIVE FAMILY ADVENTURERS”
OR “NATURE LOVERS”
MOST LIKELY GROUPS TO OWN
OR RENT AN RV IN THE FUTURE **
16.6M
POTENTIAL BUYERS WERE
INTERESTED IN NEW RVS **
* Source: RVIA, RV Industry Power Breakfast Presentation, May 2017
** Source: RVIA Go RVing Communications Study 2016
5. TRENDS DRIVING GROWTH:
DEMOGRAPHICS
5
MORE POTENTIAL RV BUYERS **
POPULATION: DRIVERS:
+159% 2X
SINCE 1970
YOUNGER CONSUMERS ARE
ATTRACTED TO THE RV
LIFESTYLE *
▪ +3.4 MILLION new households
have started camping since 2014
▪ Gen X and Millennials helping to
drive this growth – making up 72%
of campers in 2016
▪ Younger campers looking for
affordable recreation experiences
▪ Interested in trying different
accommodations, including RVs
INCREASING DIVERSITY
AMONG CAMPERS *
Latino, African American, Asian
and other ethnicities
represented 39% of new
campers in 2016; 26% of all
campers
RV camping viewed as an
attractive way to spend time
with families and friends
* Source: KOA 2017 North American Camping Report
** Source: RVIA, May 2017
6. TRENDS DRIVING GROWTH:
LIFESTYLE
6
Recreational sports
$887 billion spent on “outdoor
economy” in 2016*
Trend toward getting more active
and leading healthier life style
Youth sports leagues and
tournaments
More people enjoying various
recreational activities that support
RV sales growth
Camping
37.1 million North American
households camp at least once a
year, and 22% of them are RV
campers**
Viewed as an affordable vacation
option and a stress reducer
Availability of technology in RVs
makes them more attractive to
younger consumers
Variety of RV price points and
amenities creates opportunities to
convert tent campers to RVs
Wide variety of uses
Tailgating at spectator sports from
college and professional football,
auto racing and youth sports
continues to grow
Many other events, such as
equestrian events, pet and craft
shows are also growing demand
for RVs
Flexibility of using RVs makes
them ideal for shorter
vacations/weekend getaways
* Source: “The Outdoor Industry Economy” Outdoor Industry Association, 2017
** Source: KOA 2017 North American Camping Report
7. HEALTH OF THE RV
CHANNEL
7
Dealer Inventory Levels
Overall dealer inventory
levels remain healthy
Total days in inventory
at dealers are stable
Average age of RV
inventory on dealer lots
remains low
Used inventory levels
remain low, supporting
trade-in values and
demand for new RVs
Wholesale Financing:
Credit broadly available
Normal credit line utilization
New lenders have entered
the market since the
downturn ended
Lenders remain disciplined
with curtailments motivating
dealers to focus on turning
inventory
Retail Financing:
Credit broadly available
Lenders remain
disciplined on down
payments and terms
Current delinquencies
~1% vs. recession peak
of ~1.5% (overall
consumer loan
delinquencies peaked at
~3%)*
Sub-prime virtually non-
existent
* Source: RVIA Survey of Lenders’ Experiences 2015
9. THIRD QUARTER KEY
MESSAGES
13th consecutive quarter of record revenues and record net income from
continuing operations for the applicable quarter
Strong growth in revenues, both organically and from acquisitions
Double-digit organic sales growth in both segments – towables and motorized
Consolidated Recreational Vehicle (RV) backlogs more than doubled to $2.36
billion versus 2016 third quarter of $1.06 billion, driven by continued strong
consumer demand for our affordably priced travel trailers and motorhomes
Continued strength in the RV Industry macro environment, health of the dealer
channel and expanding consumer base give us reason for optimism on Thor’s
future
9
10. CEO THIRD QUARTER
OVERVIEW
Bob Martin – Thor President & CEO:
“We continue to see strength in the RV market, as dealers and consumers remain optimistic and the
prospects for continued industry growth remain strong. RVs provide exceptional value to consumers,
allowing them to enjoy time with family and friends experiencing the many great outdoor spaces in
North America at an affordable price point for the average family. Consumers continue to find new
uses for RVs. From youth sports and tailgating, to festivals and concerts, they are able to enjoy their
RVs over a longer season than many other recreation alternatives. All of these factors are driving the
growing demand for our products. As an industry, and at Thor in particular, we continue to make
strides in bringing new consumers into the RV lifestyle. This focus has driven an expansion in our
customer base which has contributed to our strong top line growth and, while margins may be
modestly suppressed on the more affordably priced units, to our bottom line as well. As we continue
to focus on producing RVs that appeal to an ever broader base of consumers, we remain very
optimistic for the long-term growth of Thor. Over time, we anticipate this short-term trend will
translate into longer term demand for higher priced units as customers adopt the RV lifestyle and
eventually trade up from entry-level units to mid-level and even high-end units. With the surging
popularity of our RVs, and the RV lifestyle in general, we have seen a significant increase in demand
for our products, particularly our wide array of affordable travel trailers and motorhomes. As a result
of this significant increase in demand, we continue to expand capacity in a prudent, measured
approach that will allow us to be nimble and flexible as market conditions and product demand
change. Currently, we have new plants or expansion projects underway at nearly every Thor
subsidiary, which will begin contributing to our overall production capacity in the fourth quarter of
fiscal 2017 and early fiscal 2018. As Thor and other industry players add capacity, the labor market
in Northern Indiana, particularly in Elkhart, has become more competitive as we compete for
qualified workers in an area with low unemployment. Our team’s foresight into this issue has
resulted in several initiatives designed to minimize the impact of the labor challenges. When
possible, we have focused our expansion efforts in outlying areas, such as Howe, Middlebury and
Goshen, Indiana, where we can draw from a different geographic labor pool.”
10
11. THIRD QUARTER 2017
RESULTS UP DOUBLE DIGITS
11
Record results for the third quarter
Gross profit up, though gross margins were lower due primarily to
acquisition impact and market driven changes in product mix
Strength in the spring retail shows and dealer lot activity has
continued, as new consumers embrace the benefits of RVing
$1,284.1
$2,015.2
FY16 FY17
Net Sales
($ millions)
+57%
$78.6
$111.3
FY16 FY17
Net Income
($ Millions)
+42%
$1.49
$2.11
FY16 FY17
Diluted EPS
+42%
$201.9
$293.8
FY16 FY17
Gross Profit
($ millions)
+46%
12. THIRD QUARTER 2017 –
TOWABLES
12
Continued mix shift toward more affordably priced travel trailers
Market share continued to improve through March 2017, with U.S.
Towable share increasing from 47.6% to 48.2% while Canadian
towable share remained stable at 57.2%*
Demand remains strong. Towable backlogs up 115%.
$934.6
$1,426.2
FY16 FY17
Net Sales
($ millions)
+53%
$727.5
$1,564
.6
FY16 FY17
Backlog
($ Millions)
+115%
$96.9
$134.5
FY16 FY17
Income Before Tax
($ millions)
+39%
$152.5
$219.7
FY16 FY17
Gross Profit
($ millions)
+44%
* Source – Statistical Surveys, Inc. YTD March 31, 2017 vs. YTD March 31, 2016
13. THIRD QUARTER 2017 –
MOTORIZED
13
Continued mix shift toward more affordably priced Class C and gas
Class A motorhomes
Market share momentum continued, with U.S. Class A and C market
share increasing from 37.8% to 43.4% and Canadian Class A and C
market share increasing from 37.9% to 50.5%*
Demand remains strong. Motorized backlogs up 142%.
$307.6
$549.9
FY16 FY17
Net Sales
($ millions)
+79%
$329.3
$795.5
FY16 FY17
Backlog
($ Millions)
+142%
$24.1
$37.4
FY16 FY17
Income Before Tax
($millions)
+55%
$38.8
$61.1
FY16 FY17
Gross Profit
($ millions)
+58%
* Source – Statistical Surveys, Inc. YTD March 31, 2017 vs. YTD March 31, 2016
14. THIRD QUARTER JAYCO
IMPACT
$1,498.7
$1,791.0
$516.5
$569.1
$0
$500
$1,000
$1,500
$2,000
$2,500
Revenues Backlog
Revenues&Backlog
Jayco had a significant, positive impact on
the third quarter:
• Added $516.5 million in revenues
• Added $66.1 million to gross profit, but
dilutive to gross profit margin
• Jayco gross margin improved to 12.8%
in the third quarter, from less than 10%
in the first six months of fiscal 2017
• Accretive to the third quarter
• Significant contribution to backlogs –
adding 53.9% of the 123.3% increase
• Third quarter results included
incremental amortization expense of
$10.0 million associated with the
acquisition
14
$227.7
$66.1
$0
$100
$200
$300
$400
$500
Gross Profit
GrossProfit
Jayco Impact on Third Quarter Financials
($ Millions)
Thor – Organic Jayco
17. INVESTING IN
FUTURE GROWTH
17
$10,063
$24,305
$30,406
$42,283
$51,976
$39,411
$79,456
$0
$20,000
$40,000
$60,000
$80,000
$100,000
FY12 FY13 FY14 FY15 FY16 FY16
YTD
FY17
YTD
Thousands
Capital Expenditures
$190,263
$170 $10,718
$86,092
$194,486
$557,651
$0
$125,000
$250,000
$375,000
$500,000
$625,000
FY11 FY12 FY13 FY14 FY15 FY16
Thousands
Business Acquisitions
Colleen Zuhl – Thor Senior Vice President & CFO:
“With the strong operating performance during the quarter and year to date, we have seen a significant increase in
operating cash flow, which increased 26.2% to $182.8 million for the first nine months of fiscal 2017. During the third
quarter, we invested approximately $28.5 million in capital projects, bringing our year to date investment in capital
projects to $79.5 million. Total forecasted capital investments for the fiscal year remain at approximately $130 million
as we expect to invest approximately $50 million in additional capital projects during the fourth quarter to meet the
robust demand for our products as reflected in our record backlogs. We also made $30 million of principal payments
on our revolving credit facility during the third quarter, bringing our payments to $65 million for the first nine months of
our fiscal year. As of April 30, 2017, we held $189.4 million of cash and $295.0 million was outstanding under the debt
agreement. Subsequent to April 30, 2017, we made additional principal payments on the revolving credit facility
totaling $50 million.”
YTD – Third quarter ended April 30.
18. EXECUTIVE CHAIRMAN
THIRD QUARTER COMMENTS
18
Peter B. Orthwein, Thor Executive Chairman:
“The growth in new consumers entering our core markets
has been essential to the strong results and continued
optimism we have at Thor. As we continue to strategically
build on our strengths in product innovation to meet the
demands of consumers, and given the current favorable
economic conditions, we are confident that the market will
reward our efforts. While there are some modest labor and
capacity challenges ahead as we manage through our
growth, our management team will continue to focus on
balancing the short-term costs associated with expanding
our Company with the long-term returns we expect to
generate for our shareholders.”
23. RV INDUSTRY DEMAND
Industry retail demand has shifted toward more light-weight,
affordably priced towables and gas Class A and Class C
motorhomes as consumers seek value
Wholesale units typically outpace retail in the early part of the
calendar year; historically sales become more balanced as we
reach the peak retail selling season
23
Calendar Year
2013 2014 2015 2016 2017 YTD
Industry Retail
Registrations*
301,481 units
(+14.7%)
328,866 units
(+9.1%)
375,420 units
(+14.2%)
413,269 units
(+10.1%)
83,429 units
(+11.1%)
Industry Wholesale
Shipments**
321,127 units
(+12.4%)
356,735 units
(+11.1%)
374,246 units
(+4.9%)
430,691 units
(+15.1%)
120,866 units
(+11.7%)
* Statistical Surveys, Inc., includes US and Canada. 2013, 2014, 2015 & 2016 Full Year Actual, 2017 YTD through March
** RVIA wholesale shipments for full years 2013, 2014, 2015 & 2016, 2017 YTD through March
24. THOR DEALER
INVENTORY
Dealers remain confident with orders reflecting normal ordering patterns
Orders generally expected to reflect 1-for-1 replacement as units are sold at retail
Dealer inventory remains appropriate for current conditions in both towable and
motorized
Lenders are comfortable with current dealer inventory turns and current credit line
utilization; year-over-year turns have generally increased modestly, resulting in a
slight reduction in average age of Thor units on dealers’ lots
Jayco added approximately 37,800 units to dealer inventory as of April 30, 2017,
representing 46.0% of the 54.8% increase
Thor organic dealer inventory increased 8.8% in correlation with current retail demand
24
Dealer Inventory (units) April 30, 2017 April 30, 2016 Unit Change % Change
RV 127,100 82,100 45,000 54.8%
25. RV INDUSTRY RETAIL
MARKET SHARE
25
Total Share % Total Share % Total Share % Total Share %
THOR* 39,871 47.8% 195,973 47.4% 178,520 47.6% 160,663 48.9%
Forest River** 28,325 34.0% 144,909 35.1% 132,923 35.4% 112,979 34.4%
Grand Design 3,187 3.8% 11,717 2.8% 7,000 1.9% 4,174 1.3%
Winnebago 2,478 3.0% 13,093 3.2% 12,143 3.2% 10,395 3.2%
Gulfstream 816 1.0% 5,129 1.2% 4,806 1.3% 4,562 1.4%
REV Group 803 1.0% 3,237 0.8% 3,382 0.9% 4,888 1.5%
Subtotal 75,480 90.6% 374,058 90.5% 338,774 90.3% 297,661 90.5%
All Others 7,949 9.4% 39,211 9.5% 36,646 9.7% 31,205 9.5%
Grand Total 83,429 100.0% 413,269 100.0% 375,420 100.0% 328,866 100.0%
Y/E 12/31/16 Y/E 12/31/15 Y/E 12/31/14YTD 3/31/17
Source: Statistical Surveys, Inc., U.S. and Canada
* Thor adjusted to include historical results of Jayco, Livin’ Lite, Bison Coach, K-Z, Inc., Cruiser RV, and DRV Luxury Suites for all periods presented
** Forest River includes Palomino, Coachmen, Prime Time, Shasta and Dynamax
26. THOR RV RETAIL MARKET
SHARE TREND (UNITS)
26
54.9%
53.7%
51.3%
49.7% 48.9% 48.7%
25.4%
29.4%
31.0%
32.8%
37.8%
43.7%
16.7%
22.1% 21.9% 22.1%
18.3% 17.3%
2012 2013 2014 2015 2016 2017 YTD
Towable Retail Share* Class A/C Retail Share* Class B Retail Share*
*Source: Statistical Surveys Inc., U.S. and Canada, calendar years 2012-16, 2017 YTD through March 31. Historical results adjusted to include results of Jayco,
Livin’ Lite, Bison Coach, K-Z, Inc., Cruiser RV and DRV Luxury Suites for all periods presented. Note Towable market share includes Travel Trailers, Fifth Wheels,
Camping Trailers and Park Models.