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.
This presentation contains forward-looking statements and discusses risks and uncertainties that could cause actual results to differ from projections. It provides an overview of Winnebago Industries' portfolio of outdoor lifestyle brands in RV, marine, and specialty vehicles. The presentation discusses Winnebago's strategic priorities, integrated operating model, investment thesis, growing revenue and market share gains, expanding portfolio and profitability, capital allocation approach, strong balance sheet and liquidity, and the large and growing outdoor recreation industry.
Winnebago Industries Investor Day 2019WinnebagoInd
Winnebago Industries held an investor day in 2019 to provide an overview of the company and its strategic priorities. The presentation highlighted Winnebago's transformation into an outdoor lifestyle company through brand building, premium product development, and business diversification. It discussed strategic acquisitions like Newmar to expand into new market segments. The presentation also reviewed Winnebago's financial performance over the past 5 years, which has seen increased revenue, market share, and profitability. It outlined strategic priorities around operational excellence, growing the core RV business, developing a high-performance culture, and expanding into new profitable 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.
February 25, 2020 JP Morgan Leverage Finance ConferenceWinnebagoInd
The document provides an overview of Winnebago Industries' presentation at the J.P. Morgan Global High Yield & Leveraged Finance Conference on February 24, 2020. It summarizes Winnebago's financial results, strategic priorities, and the RV industry outlook. Winnebago is outperforming the declining RV market, with revenue growth of 12.9% in fiscal year 2019 versus the prior year compared to a 7% decline for the overall market. Interest in outdoor activities remains strong and participation is growing.
The document provides an overview of Winnebago Industries' leadership team and an upcoming investor presentation. It lists the members of the corporate leadership team and includes a forward-looking statement disclaimer. Additionally, it provides a high-level company overview, outlines Winnebago's strategic priorities, and summarizes its strategic transformation and operational profile.
This document provides an overview of Winnebago Industries' leadership team and business segments. It lists the names and titles of the corporate leadership team members. It then provides a high-level forward-looking statement disclaimer and outlines the company's strategic priorities, including strengthening its core RV business and expanding into new profitable markets.
This presentation by Truist NDR contains forward-looking statements about Winnebago Industries' performance that are inherently uncertain. It discusses risks like uncertainty from COVID-19, economic conditions, competition, supply chain issues, and more that could impact results. It provides non-GAAP financial metrics like EBITDA to allow for comparability between periods. The document also notes the company's leadership team and strategic priorities around areas like culture, brand building, technology, customer experience, and operational excellence.
Winnebago Industries is acquiring Newmar, a manufacturer of premium Class A motorhomes, for approximately $344 million in cash and stock. The acquisition enhances Winnebago's position in the motorhome market and expands its premium product portfolio. It is expected to be immediately accretive to cash earnings per share. The combined company will have greater scale and profitability in the motorhome segment.
This presentation contains forward-looking statements and discusses risks and uncertainties that could cause actual results to differ from projections. It provides an overview of Winnebago Industries' portfolio of outdoor lifestyle brands in RV, marine, and specialty vehicles. The presentation discusses Winnebago's strategic priorities, integrated operating model, investment thesis, growing revenue and market share gains, expanding portfolio and profitability, capital allocation approach, strong balance sheet and liquidity, and the large and growing outdoor recreation industry.
Winnebago Industries Investor Day 2019WinnebagoInd
Winnebago Industries held an investor day in 2019 to provide an overview of the company and its strategic priorities. The presentation highlighted Winnebago's transformation into an outdoor lifestyle company through brand building, premium product development, and business diversification. It discussed strategic acquisitions like Newmar to expand into new market segments. The presentation also reviewed Winnebago's financial performance over the past 5 years, which has seen increased revenue, market share, and profitability. It outlined strategic priorities around operational excellence, growing the core RV business, developing a high-performance culture, and expanding into new profitable 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.
February 25, 2020 JP Morgan Leverage Finance ConferenceWinnebagoInd
The document provides an overview of Winnebago Industries' presentation at the J.P. Morgan Global High Yield & Leveraged Finance Conference on February 24, 2020. It summarizes Winnebago's financial results, strategic priorities, and the RV industry outlook. Winnebago is outperforming the declining RV market, with revenue growth of 12.9% in fiscal year 2019 versus the prior year compared to a 7% decline for the overall market. Interest in outdoor activities remains strong and participation is growing.
The document provides an overview of Winnebago Industries' leadership team and an upcoming investor presentation. It lists the members of the corporate leadership team and includes a forward-looking statement disclaimer. Additionally, it provides a high-level company overview, outlines Winnebago's strategic priorities, and summarizes its strategic transformation and operational profile.
This document provides an overview of Winnebago Industries' leadership team and business segments. It lists the names and titles of the corporate leadership team members. It then provides a high-level forward-looking statement disclaimer and outlines the company's strategic priorities, including strengthening its core RV business and expanding into new profitable markets.
This presentation by Truist NDR contains forward-looking statements about Winnebago Industries' performance that are inherently uncertain. It discusses risks like uncertainty from COVID-19, economic conditions, competition, supply chain issues, and more that could impact results. It provides non-GAAP financial metrics like EBITDA to allow for comparability between periods. The document also notes the company's leadership team and strategic priorities around areas like culture, brand building, technology, customer experience, and operational excellence.
Winnebago Industries is acquiring Newmar, a manufacturer of premium Class A motorhomes, for approximately $344 million in cash and stock. The acquisition enhances Winnebago's position in the motorhome market and expands its premium product portfolio. It is expected to be immediately accretive to cash earnings per share. The combined company will have greater scale and profitability in the motorhome segment.
This document provides an overview of Winnebago Industries for potential investors. It summarizes Winnebago's business strategy, financial performance, product portfolio, and market position. Key points include:
- Winnebago has a diversified portfolio of outdoor lifestyle brands across motorhomes, towables, and marine with the goal of creating lifetime customers.
- Financial results have strengthened following the acquisition of Newmar, with increasing revenues, profits, and unit deliveries reported over the last year.
- The company has a leading market share in both motorhome and towable segments in North America.
Winnebago Industries plans to acquire Newmar Corporation for approximately $344 million in cash and stock. Newmar is a leading manufacturer of Class A diesel motorhomes and will expand Winnebago's premium motorhome portfolio. The acquisition is expected to be immediately accretive to cash flow and earnings. Winnebago believes the cultural and strategic alignment between the companies will allow them to achieve synergies and leverage their combined strengths to drive long-term growth.
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.
This document provides an overview of Winnebago Industries' presentation at the Baird ESG Investor Conference on February 24, 2021. It begins with forward-looking statements and disclaimers, then discusses the company's strategic priorities, transformation, financial results, capital allocation, leverage ratio, and outlook for strong interest in the outdoors. The presentation highlights Winnebago's leadership in premium outdoor lifestyle brands and diversification across RV, marine, and specialty vehicles. It summarizes the company's focus on innovation, quality, service, and building lifetime customer intimacy.
Denn investor presentation november & december 2018 finalDenny2015ir
- Denny's Corporation provides an investor presentation covering November and December 2018.
- It highlights key investment highlights including consistently growing same-store sales, expanding global footprint, growing profitability with a 90% franchised business model, and strong adjusted free cash flow generation.
- The presentation reviews Denny's brand revitalization strategy focused on delivering a differentiated brand, operating great restaurants, growing the global franchise, and driving profit growth for all stakeholders.
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.
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.
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, 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.
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.
The Visium Institutional Partners Fund is a long/short equity healthcare fund that has posted strong returns since its inception in 2005. The fund is managed by a team of over 25 investment professionals with deep expertise in conducting fundamental research across major healthcare sectors. The team employs both financial and scientific/medical analysis for long and short positions to generate unique insights. Rigorous research aims to determine accurate risk-reward profiles and high conviction levels for each investment. Catalysts and development schedules are closely tracked to enhance returns.
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.
Amg investor presentation november 2014 finaljdiluzio
The document is an investor presentation for AMG Advanced Metallurgical Group N.V. It provides an overview of AMG, including its business segments of AMG Processing, AMG Mining, and AMG Engineering. Key financial highlights are presented, showing AMG's revenue, EBITDA, gross profit, and progress on reducing debt and improving cash flow. The presentation contains forward-looking statements and disclaimers around the information provided.
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.
This document contains slides from an AIMIA credit rating agency presentation from September 2014. It discusses AIMIA's financial performance in Q2 and the first half of 2014, with Gross Billings up 13.6% and 20.6% respectively. Free Cash Flow was also up significantly for the quarter and year-to-date. The presentation provides details on the drivers of growth and updates AIMIA's guidance targets for 2014.
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.
Salesforce reported record quarterly revenue of over $1 billion and continued strong growth across key metrics like deferred revenue and customer retention rates. The company is making significant investments in technology, markets, and distribution to expand its total addressable market, especially in marketing automation through acquisitions like ExactTarget. Salesforce is developing the Salesforce1 platform to connect customers, partners, employees and devices through an "API first" approach.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The document highlights Devon's high-quality asset portfolio, with a focus on increasing activity and investment in the STACK and Delaware Basin plays to deliver production and cash flow growth.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclosures about forward-looking statements, use of non-GAAP information, and SEC definitions. The document then summarizes Devon's asset portfolio, with a focus on its STACK and Delaware Basin positions, and outlines its strategic plans to increase capital efficiency and production growth through 2017.
This document provides an overview of Genworth MI Canada Inc., including its financial results, strategic priorities, investment portfolio, and capital strength. Some key points include: Genworth achieved strong top and bottom line growth in 2014 driven by higher mortgage insurance premium volume and rate increases. It maintains a high quality, diversified insured mortgage portfolio and investment portfolio. Genworth's capital levels significantly exceed regulatory requirements, with an MCT ratio of 185% as of 2014, allowing it to return capital to shareholders through dividend increases and share repurchases.
- WestRock reported financial results for Q4 FY17 and provided guidance for Q1 FY18.
- For Q4 FY17, adjusted earnings per share were $0.87 and adjusted free cash flow was $271 million.
- Guidance for Q1 FY18 expects impacts such as $30-35 million negative impact from price/mix/pulp and volumes and $35 million negative impact from maintenance downtime and group insurance benefits, resulting in anticipated sequential declines in earnings per share.
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 document provides an overview of Winnebago Industries for potential investors. It summarizes Winnebago's business strategy, financial performance, product portfolio, and market position. Key points include:
- Winnebago has a diversified portfolio of outdoor lifestyle brands across motorhomes, towables, and marine with the goal of creating lifetime customers.
- Financial results have strengthened following the acquisition of Newmar, with increasing revenues, profits, and unit deliveries reported over the last year.
- The company has a leading market share in both motorhome and towable segments in North America.
Winnebago Industries plans to acquire Newmar Corporation for approximately $344 million in cash and stock. Newmar is a leading manufacturer of Class A diesel motorhomes and will expand Winnebago's premium motorhome portfolio. The acquisition is expected to be immediately accretive to cash flow and earnings. Winnebago believes the cultural and strategic alignment between the companies will allow them to achieve synergies and leverage their combined strengths to drive long-term growth.
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.
This document provides an overview of Winnebago Industries' presentation at the Baird ESG Investor Conference on February 24, 2021. It begins with forward-looking statements and disclaimers, then discusses the company's strategic priorities, transformation, financial results, capital allocation, leverage ratio, and outlook for strong interest in the outdoors. The presentation highlights Winnebago's leadership in premium outdoor lifestyle brands and diversification across RV, marine, and specialty vehicles. It summarizes the company's focus on innovation, quality, service, and building lifetime customer intimacy.
Denn investor presentation november & december 2018 finalDenny2015ir
- Denny's Corporation provides an investor presentation covering November and December 2018.
- It highlights key investment highlights including consistently growing same-store sales, expanding global footprint, growing profitability with a 90% franchised business model, and strong adjusted free cash flow generation.
- The presentation reviews Denny's brand revitalization strategy focused on delivering a differentiated brand, operating great restaurants, growing the global franchise, and driving profit growth for all stakeholders.
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.
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.
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, 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.
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.
The Visium Institutional Partners Fund is a long/short equity healthcare fund that has posted strong returns since its inception in 2005. The fund is managed by a team of over 25 investment professionals with deep expertise in conducting fundamental research across major healthcare sectors. The team employs both financial and scientific/medical analysis for long and short positions to generate unique insights. Rigorous research aims to determine accurate risk-reward profiles and high conviction levels for each investment. Catalysts and development schedules are closely tracked to enhance returns.
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.
Amg investor presentation november 2014 finaljdiluzio
The document is an investor presentation for AMG Advanced Metallurgical Group N.V. It provides an overview of AMG, including its business segments of AMG Processing, AMG Mining, and AMG Engineering. Key financial highlights are presented, showing AMG's revenue, EBITDA, gross profit, and progress on reducing debt and improving cash flow. The presentation contains forward-looking statements and disclaimers around the information provided.
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.
This document contains slides from an AIMIA credit rating agency presentation from September 2014. It discusses AIMIA's financial performance in Q2 and the first half of 2014, with Gross Billings up 13.6% and 20.6% respectively. Free Cash Flow was also up significantly for the quarter and year-to-date. The presentation provides details on the drivers of growth and updates AIMIA's guidance targets for 2014.
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.
Salesforce reported record quarterly revenue of over $1 billion and continued strong growth across key metrics like deferred revenue and customer retention rates. The company is making significant investments in technology, markets, and distribution to expand its total addressable market, especially in marketing automation through acquisitions like ExactTarget. Salesforce is developing the Salesforce1 platform to connect customers, partners, employees and devices through an "API first" approach.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The document highlights Devon's high-quality asset portfolio, with a focus on increasing activity and investment in the STACK and Delaware Basin plays to deliver production and cash flow growth.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclosures about forward-looking statements, use of non-GAAP information, and SEC definitions. The document then summarizes Devon's asset portfolio, with a focus on its STACK and Delaware Basin positions, and outlines its strategic plans to increase capital efficiency and production growth through 2017.
This document provides an overview of Genworth MI Canada Inc., including its financial results, strategic priorities, investment portfolio, and capital strength. Some key points include: Genworth achieved strong top and bottom line growth in 2014 driven by higher mortgage insurance premium volume and rate increases. It maintains a high quality, diversified insured mortgage portfolio and investment portfolio. Genworth's capital levels significantly exceed regulatory requirements, with an MCT ratio of 185% as of 2014, allowing it to return capital to shareholders through dividend increases and share repurchases.
- WestRock reported financial results for Q4 FY17 and provided guidance for Q1 FY18.
- For Q4 FY17, adjusted earnings per share were $0.87 and adjusted free cash flow was $271 million.
- Guidance for Q1 FY18 expects impacts such as $30-35 million negative impact from price/mix/pulp and volumes and $35 million negative impact from maintenance downtime and group insurance benefits, resulting in anticipated sequential declines in earnings per share.
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 presentation discusses Molson Coors' strategic framework and priorities. It summarizes that Molson Coors aims to drive sustainable growth and long-term shareholder returns through brand-led profit growth, cash generation, and disciplined capital allocation with a focus on profit after capital charge. Key priorities for 2017 include integrating the MillerCoors acquisition, achieving cost savings, paying down debt, and delivering top- and bottom-line performance.
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.
Anglo American is undertaking a fundamental restructuring to create a streamlined portfolio focused on priority assets. The company will reduce its assets from 55 to around 20 and reduce employees from 135,000 to less than 50,000. Key initiatives include improving operating performance at Los Bronces and Minas Rio through integrated approaches, and achieving $2.1 billion in additional efficiency improvements by 2017 through cost reductions and productivity gains across its operations.
The document provides an overview of BBVA's fixed income business for the second quarter of 2017. It highlights BBVA's diversified footprint across markets, prudent risk profile and asset quality, and sound capital position. BBVA delivered profit growth in most regions in 1H17 driven by increases in core revenues and lower impairments, while continuing its digital transformation. Asset quality continued to improve with decreasing NPL ratios across markets. Capital ratios remained strong with the CET1 ratio at 11.76% on a fully-loaded basis, in line with BBVA's 11% target.
BBVA reported strong financial results in 1H17, with net attributable profit increasing 30.8% year-on-year to €2,306 million, driven by core revenue growth and cost reductions. The bank maintained a diversified geographic footprint across developed and emerging markets, with sound capital and liquidity positions. Asset quality continued to improve, with the NPL ratio declining to 4.8% and cost of risk decreasing to 0.9% as of June 2017.
May 2 2018 q earnings 05012018 compressed v2molsoncoorsir
Molson Coors reported lower net sales and underlying EBITDA in Q1 2018 compared to Q1 2017. The results were impacted by distributor inventory destocking in the US, overall softness in the US beer industry, and cycling a prior year tax benefit in Europe. Guidance for 2018 remains unchanged, including targets for cost savings and free cash flow. The presentation focuses on growing brands across segments, driving premiumization, and realizing further synergies and cost efficiencies.
Wrk mar 2017 investor presentation finalir_westrock
- WestRock is presenting an investor presentation in March 2017.
- The presentation provides forward-looking statements and guidance for future periods regarding synergies, financial results, and acquisitions.
- It discusses WestRock's track record of execution on synergies, recent and planned M&A activity, and financial metrics for Q1 2017.
Zep Inc. presented its investor presentation for February 2014. The presentation highlighted Zep's value proposition as a seller of consumable packaged chemicals, its market opportunity across transportation, industrial/MRO, and janitorial/sanitation markets. It summarized Zep's history since spinning off in 2007, including platform acquisitions and current focus on complexity reduction. The presentation outlined Zep's financial objectives of $1 billion in revenue, annual EBITDA margin improvement, and annual EPS growth. It provided an overview of Zep's revenue drivers for fiscal 2014 and discussed its strategies for growing sales and profits profitably through margin expansion and returning high ROIC.
This document summarizes Global Cash Access's proposed acquisition of Multimedia Games for approximately $1.2 billion. The combination brings together a global leader in cash access services and the fastest growing US slot machine manufacturer. It is expected to diversify revenue, expand margins, accelerate growth, and realize significant cost synergies. The transaction is expected to close in 4 to 7 months, pending shareholder and regulatory approvals.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V.'s financial performance in the first quarter of 2020. Revenue decreased 30% to $159.2 million due to lower average prices across all business units. Net loss increased to $13.6 million from lower profitability in the vanadium business and a $11.7 million deferred tax charge in Brazil. The presentation also provides details on financial highlights for Critical Materials and AMG Technologies segments, as well as information on average market prices and cash flow.
- WestRock reported Q3 2017 results with adjusted earnings per share of $0.74 and adjusted free cash flow of $473 million.
- They achieved $94 million in productivity initiatives and expect a synergy and performance improvement run-rate of $825 million by the end of Q4 2017.
- Guidance for fiscal year 2017 includes reaffirming adjusted free cash flow of $1.2 billion and estimating capital expenditures of $750 million.
Winnebago Industries held a Sidoti NDR conference on February 19-20, 2019 to discuss its leadership, strategic priorities, financial results, and business outlook. The company aims to be the trusted leader in outdoor lifestyle solutions through unmatched innovation, quality, and service. It has diversified its business across motorhomes, towables, and other specialty vehicles. Winnebago is delivering solid financial results and pursuing M&A and other opportunities to fuel continued growth.
This document summarizes Winnebago Industries' presentation at a Jefferies conference on August 6, 2019. It discusses Winnebago's leadership team, strategic priorities of elevating operations, strengthening core RV business, building a high-performance culture, expanding into new markets through M&A, and leveraging innovation. It provides an overview of Winnebago's brands and financial results, noting growth in revenue, earnings, and margins in recent years. It also summarizes opportunities and trends in the RV and outdoor recreation industries.
This document summarizes John Sznewajs' presentation at the 39th Annual Institutional Investor Conference in March 2018. The presentation discusses Masco's business today, strategy for profitable growth, and future outlook. Masco has a diversified business mix across price points, channels, and geographies that results in stable revenues. The company's strategy focuses on driving the full potential of its businesses, leveraging opportunities across its portfolio, and actively managing its portfolio. Masco expects this strategy to generate substantial cash flow and allow for 23% annual EPS growth from 2016 to 2019 through revenue growth, cost improvements, and capital allocation.
Brink's to acquire dunbar investor presentation final 05302018investorsbrinks
This document discusses Brink's acquisition of Dunbar Armored for $520 million to strengthen its U.S. operations. The acquisition combines the #2 and #4 largest U.S. cash management companies. Dunbar has $390 million in LTM revenue and $43 million in LTM adjusted EBITDA. Brink's expects to achieve $40-45 million in cost synergies. The acquisition is expected to be accretive in year 1 and add approximately $0.90 to non-GAAP EPS in year 2. The acquisition and other initiatives are expected to reduce Brink's effective tax rate beginning in 2019.
- Franklin Resources reported third quarter results, with operating income increasing 2% from the prior quarter to $770 million and an operating margin of 38.0% year-to-date.
- Fixed income fund outflows showed improvement while alternative strategies funds gained over $600 million in net new flows.
- The company returned $1.4 billion to shareholders over the last 12 months through stock repurchases and dividends, repurchasing 4.3 million shares last quarter.
- A majority of US and global equity assets outperformed peers over 3, 5 and 10 year periods, while fixed income relative performance remained strong across 1, 3, 5 and 10 year periods.
Interim Results Six Months Ended 30 June 2015Anglo American
Anglo American reported interim results for the six months ended 30 June 2015. While underlying EBIT declined 36% to $1.9 billion due to lower commodity prices, the company delivered ahead of cash flow and net debt targets through improved production and cost reductions. Capital expenditure was reduced 22% to $2.1 billion through focus on controlling spending. Net debt of $13.5 billion was lowered through $1.7 billion in asset sales. Safety performance regressed with 5 fatalities, though environmental and social incidents declined significantly due to leadership focus on risk management.
Similar to Winnebago Industries IR Presentation - April 2019 (20)
This presentation discusses Winnebago Industries' forward-looking statements and risk factors, non-GAAP financial measures, and products. It provides an overview of Winnebago Industries' leadership, strategic priorities, investment thesis, financial performance, and new product introductions across its motorhome, towable, and specialty vehicle segments.
The document provides an overview of Winnebago Industries' BMO Conference in December 2018. It includes the company leadership, forward-looking statements, strategic priorities, financial results, capital allocation framework, business development approach, and 3-year long range plan. The executive summary highlights the company's growth in recent years through revenue doubling, market share gains, balanced portfolio diversification, new product introductions, and the acquisition of Chris-Craft boats.
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.
CL King Best Ideas Conference – September, 2018WinnebagoInd
This document provides an overview of Winnebago Industries and its strategies for growth. It discusses Winnebago's portfolio of RV and marine brands, recent financial results, strategic priorities to strengthen its core businesses and expand into new markets. It also summarizes the acquisition of Chris-Craft, noting integration priorities around sourcing, manufacturing best practices and synergy with Winnebago's financial and operational plans. The CEO expresses that Winnebago has grown significantly but sees a long runway ahead with opportunities to continue growing revenue, market share and profits.
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.
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.
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.
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.
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.
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June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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2. FORWARD LOOKING STATEMENTS
This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that forward-looking statements are inherently uncertain. A number of factors could cause actual results to
differ materially from these statements, including, but not limited to competition and new product introductions by competitors, our
ability to attract and retain qualified personnel, business or production disruptions, sales order cancellations, risk related to compliance
with debt covenants and leverage ratios, stock price volatility, availability of labor, a slowdown in the economy, low consumer
confidence, the effect of global tensions, increases in interest rates, availability of credit, risk related to cyclicality and seasonality,
slower than anticipated sales of new or existing products, integration of operations relating to merger and acquisition activities
generally, inadequate liquidity or capital resources, inventory and distribution channel management, our ability to innovate, our reliance
on large dealer organizations, significant increase in repurchase obligations, availability and price of fuel, availability of chassis and
other key component parts, increased material and component costs, exposure to warranty claims, ability to protect our intellectual
property, exposure to product liability claims, dependence on information systems and web applications, any unexpected expenses
related to ERP, risk related to data security, governmental regulation, including for climate change, and risk related to anti-takeover
provisions applicable to us and other factors. Additional information concerning certain risks and uncertainties that could cause actual
results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange
Commission (SEC) over the last 12 months, copies of which are available from the SEC or from the Company upon request. The
Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained
in this release or to reflect any changes in the Company's expectations after the date of this release or any change in events,
conditions or circumstances on which any statement is based, except as required by law.
2
3. NOTICE TO AND UNDERTAKING BY PUBLIC-SIDERS
Winnebago Industries, Inc. (the “Company”) has represented and warranted to J.P. Morgan Securities LLC (“J.P. Morgan”) that the information
(the “Presentation Material”) contained herein DOES NOT CONSTITUTE OR CONTAIN ANY MATERIAL NON-PUBLIC INFORMATION with
respect to the Company or any party related thereto (collectively, “Parties”) or their respective securities for purposes of United States federal
and state securities laws.
However, the Presentation Material is subject to your agreements below and the Notice to and Undertaking by Recipients accompanying the
Presentation Material.
By proceeding to review the Presentation Material, you and your institution (collectively, “you”) acknowledge and agree, for the benefit of the
Parties and J.P. Morgan:
(i) to use the Presentation Material in accordance with your compliance policies, contractual obligations and applicable laws, including United
States federal and state securities laws; and
(ii) that (A) J.P. Morgan received the Presentation Material from the Company and the Presentation Material is provided to you for informational
purposes, (B) J.P. Morgan has no responsibility, and shall not be liable, for the accuracy or completeness or lack thereof of the Presentation
Material or any information contained therein, (C) no representation or warranty regarding the Presentation Material is made by J.P. Morgan, (D)
J.P. Morgan has not made any independent verification as to the accuracy or completeness of the Presentation Material and (E) J.P. Morgan
shall have no obligation to update or supplement the Presentation Material or otherwise provide additional information.
3
4. 4
Michael Happe (President and CEO)
Bryan Hughes (Vice President and CFO)
Bert Jameson (Treasurer)
PRESENTERS
6. $1,127.7
56%
$860.7
43%
$28.4
1%
$685.2
44%
$853.4
55%
$8.6
1%
WINNEBAGO INDUSTRIES OVERVIEW
Junction City, OR
Lake Mills, IA
Forest City, IA
Charles City, IA
Waverly, IA
Eden Prairie, MN
Middlebury, IN (2) Sarasota, FL
6
NET SALES ($M)
$1,145.2
57%
$819.4
40%
$60.2
3%
Motorhomes Towables Other
$2.0B
LTM 2/23/19 NET SALES
$155.5M
LTM 2/23/19 OPERATING INCOME
$179.9M
LTM 2/23/19 Adj. EBITDA
LEADING
BRAND EQUITIES
4,600+
HIGHLY SKILLED
EMPLOYEES
DIVERSIFIED
LINEUP OF RV + MARINE
PRODUCTS
FY17
FY18
LTM
2/23/18
Source: Company public filings
7. BROAD PRODUCT PORTFOLIO WITH LEADING BRANDS
Class A Class C Class B
Sterndrive
Outboard
Specialty
7
Travel TrailerFifth Wheel
Motorhome
Towable
Chris Craft
9. OUR NORTH STAR
We help our customers
explore the outdoor lifestyle,
enabling extraordinary
experiences as they travel,
live, work and play.
We will be the trusted leader
in outdoor lifestyle solutions
by providing unmatched
innovation, quality and
service in the industries we
engage.
To create lifetime advocates
through a relentless focus on
delivering an unsurpassed
customer experience.
9
10. THE WINNEBAGO DIFFERENCE
10
Outdoor
lifestyle
brands
Diversified – only
RV, marine and
specialty vehicle
public company
Premium quality,
service and
innovation
Vision not defined
by one product or
segment
Top talent that
is a blend of
RV and other
industry
experience
Significant
growth
runway
11. FY2020 GOALS*
10% unit market share
of the North American
RV market at the end of
FY2020; compares to
3% at the end of
FY2016.
10% Operating
Income at the end of
FY2020; compares
to 8.1% at the end of
FY2017.
10% of FY2020
sales will come from
RV segments or
businesses we
weren’t in at the end
of FY2017.
Every employee will
be asked to engage
in an activity related
to one of the
following every year:
Safety
Quality
Productivity
Giving
11
* As communicated at the Company’s Investor Day in November 2017
12. OUR JOURNEY THUS FAR….
• Revenue has surpassed $2B and doubled over past
two years
• Market share now at 10%*.....versus 3% in F16
• Adj. EBITDA and Cash flow 3x versus 2016
• Stronger balance sheet to support further growth
12
Growing Diversifying
• Balanced portfolio in RV segment (Towables now
>55% of total versus 5% prior to F17)
• More new products and products represented across
all price tiers
• Increase in number of channel partners
• Acquired Chris-Craft…..now have three strong brands
with full line potential
• Company purpose, vision, and mission is clear and understood across the organization
• Strong management team and growing talent pool in the broader organization
• 3 year plan that grows shareholder value by increasing revenue, share and profit
LONG RUNWAY AHEAD AND MUCH WORK TO DO!
Clear Path Forward
* Rolling 3 months retail market share, as published by SSI report dated February 2019
14. 1
WINNEBAGO KEY CREDIT HIGHLIGHTS
14
2
3
4
5
6
7
Well Recognized Brands and Continued Diversification Across Products
Top 3 U.S. RV Manufacturer with Growing Market Share
Differentiated Performance vs. Peers
Strong Free Cash Flow With Highly-Variable Cost Structure
Industry Tailwinds Driven by Increased Interest in Camping and Favorable Demographic
Shift Toward Younger Buyers
Seasoned Management Team Building Strong Momentum
Proven Track Record of Rapid Debt Paydown Following Acquisitions
15. WELL RECOGNIZED BRANDS AND CONTINUED
DIVERSIFICATION ACROSS PRODUCTS
Financial Transformation Current Product Offering Breadth and Scope
Pre-Grand Design Mix (F2016) Meaningful Diversification Today(1)
Adj. EBITDA(2)Net Sales Adj. EBITDA(1,2)
1. Per WGO 10-Q filed 3/26/2019, for the twelve months ended 2/23/2019, except sales by geography which is provided in each fiscal year.
2. Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation and amortization expense, and other adjustments made in order
to present comparable results from period to period.
▪ Net Sales: $975 million
▪ Adj. EBITDA: $62 million
▪ Margin: 6.4%
▪ Units: 13,506
▪ Net Sales: $2,025 million
▪ Adj. EBITDA: $180 million
▪ Margin: 8.9%
▪ Units: 45,376
Pre-Grand Design (F2016) Today(1)
Net Sales
15
108%
172%
236%
2.5%
2.1x
2.7x
3.4x
1.4x
Motrohome
21%
Towable
79%
Motrohome
40%
Towable
57%
Other
3%
United States
92%
International
8%
Motrohome
97%
Towable
3%
Motrohome
91%
Towable
9%
United States
96%
International
4%
1
16. 16
-5.8% -5.2%
2.2%
5.4% 7.1%
19.1%
Trailing 3 months Trailing 6 months Trailing 12 months
Industry WGO IND
Share: 10.0% 9.7% 8.8%
Share Gain: +1.1 pp +1.1 pp +1.2 pp
Share History:
F16 Y/E: 3.0%
F17 Y/E: 7.1%
F18 Y/E: 8.4%
Feb’19(1): 10.0%
50%
34%
8%
1%
7%
Thor Industries Forest River Winnebago
Industries
Gulfstream Coach Other
39%
22%
16%
6% 6% 5% 5%
Thor Industries Forest River Winnebago
Industries
Rev Group Tiffin Newmar Other
Motorhome Segment Market Share(2)Towable Segment Market Share(2)
2
North American Units – YoY Change
TOP 3 U.S. RV MANUFACTURER WITH GROWING
MARKET SHARE
Source: Statistical Surveys, Inc. through February 2019
1. Trailing 3 months
2. Trailing 12 months as of January 2019
17. ($ millions) Actual vs. LY Q2 Actual vs. LY Q2 Actual vs. LY Q1 Actual vs. LY Q1
Net Sales $1,291 (35%) $433 (8%) $1,756 (21%) $494 10%
Motorized 372 (34%) 165 (17%) 431 (24%) 181 (4%)
Towables 882 (36%) 251 (6%) 1,279 (21%) 293 13%
Gross Margin % 11.0% (270) bps 15.4% 100 bps 11.8% (310) bps 14.4% 40 bps
Adj. EPS
(excl acq. costs)
$0.65 (57%) NA NA $1.28 (47%) NA NA
Field Inventory
(Units)
137,900 (11%) 23,953 17% 131,500 5% 21,120 30%
Warranty Costs
(% of Rev)
3.5% 30 bps 2.4% flat 4.0% 110 bps 2.4% flat
17
Q2 Comparison Industry Leader vs. WGO Q1 Comparison Industry Leader vs. WGO
DIFFERENTIATED PERFORMANCE VS. PEERS3
Source: Company public filings
Industry Leader WGO Industry Leader WGO
18. STRONG FREE CASH FLOW WITH HIGHLY-VARIABLE
COST STRUCTURE
18
• Track record of maintaining ample liquidity to protect against downturns and provide opportunities for
growth
Average of over $100 million of liquidity over the past 10 years
• Winnebago typically finances working capital and other expenditures through operating cash flow, rather
than through debt facilities
No formal credit facility in place until the end of 2008
Minimal revolver utilization over the past 10 years
• Ability to reduce working capital to improve cash flow in a downside scenario
• Variable cost structure allows the Company to preserve free cash flow and cut costs in times of economic
weakness
80% – 85% of its COGS and SG&A expenses are variable, with ~75% attributable to materials
• Low level of maintenance capital expenditures (1% of sales) allows the Company to continue to generate
positive free cash flow even during cyclical downturns
Actions Taken Since Last RecessionStrong Liquidity and Flexible Cost Structure
• During the last recession, Winnebago demonstrated the flexibility of its cost structure, decreasing SG&A by
30% in FY 2009 through a combination of:
28% reduction in headcount (in addition to 32% reduction in FY 2008)
Compensation reductions of 3 – 20%, 401(k) match reduction by 50%, and two weeks mandatory
unpaid time off
Advertising and promotional expense reductions
Facility closures
Minimized capital expenditures
• Company diversification into Towables and Marine segment (Motorized now just 40% of sales vs. 95%
during the last recession) to help mitigate magnitude of sales reductions during cyclical downturns
$56 $69
$108 $23
($18) $5
$31
($12) ($2) $6 $13 $29 $28 $83 $55 $80
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LTM 2/23/19
Historical Free Cash Flow1 Trends ($M)
1. Defined as Cash Flow From Operations - CapEx
4
$1,114 $992 $864 $870 $604 $212 $449 $496 $582 $803 $945 $977 $975 $1,547 $2,017 $2,025
31.8% (11.0%) (12.9%) 0.7% (30.5%) (65.0%) 112.5% 10.4% 17.2% 38.1% 17.7% 3.3% (0.1%) 58.6% 30.4%
$120 $105 $71 $62 ($3) ($55) $4 $14 $11 $46 $63 $60 $62 $139 $182 $180
Net Sales
% Growth
EBITDA
: Pre-Grand Design Acquisition : Post-Grand Design Acquisition
19. 32,029,000
34,884,000 37,117,000 38,558,000
2014 2015 2016 2017
ANNUAL CAMPER HOUSEHOLDS HAVE GROWN 20% SINCE 2014
61% of U.S. households camp at least occasionally
6.0 million new U.S. households became campers over the last 3
years (2014-2017)
MILLENNIAL PROFILE
• Comprise 37% of all Rvers
• 22% say an RV is the primary type of camping accommodation
• 30% who don’t own an RV would consider purchasing one
24% of campers use an RV (compared to 22% avg the last 4 years)
21% of new campers use an RV as primary accommodation
64% increase in number of campers from 2014-2017 who camp three
times or more each year
Source: Kampgrounds of America (KOA) 2018 camping report
19
40%
38%
34%
31%
36%
34%
28%
27%
19%
21%
28%
31%
5%
7%
10%
5%
2107
2016
2015
Census
Millennials Gen Xers Baby Boomers Mature
Millennials & Gen Xers Campers Continue To Grow and Outpace The General
Population
5 INDUSTRY TAILWINDS DRIVEN BY INCREASED
INTEREST IN CAMPING AND FAVORABLE DEMOGRAPHIC
SHIFT TOWARD YOUNGER BUYERS
20. $63 $60 $62
$139
$182
7% 6% 6% 9% 9%
2014 2015 2016 2017 2018
20
Net Sales
/ Scale
Gross
Profit &
Margin
Adjusted
EBITDA &
Margin
$945 $977 $975
$1,547
$2,017
2014 2015 2016 2017 2018
$104 $105 $113
$223
$300
11% 11% 12% 14% 15%
2014 2015 2016 2017 2018
Bob Chiusano
Chairmanofthe Board
Michael Happe
Presidentand CEO
Brian Hazelton
VP/GM Winnebago
Motorhomes
Ashis Bhattacharya
VP StrategicPlanning
and Development
Don Clark
VP,WinnebagoIndustries,
President,GrandDesignRV
Scott Degnan
VP/GM Winnebago
Towables
Bryan Hughes
VP and CFO
Jeff Kubacki
VP and Chief
InformationOfficer
Chris West
VP Operations
Bret Woodson
VP HumanResourcesand
Administration
Stacy Bogart
VP GeneralCounsel& Corporate
Secretary
Steve Heese
VP,WinnebagoIndustries,
President,Chris-Craft
Denotes executives hired in or after 2016.
• Winnebago’s management team led by CEO Mike Happe, most of which joined in or after 2016, has transformed the business
• The team has significantly diversified the Company’s sales mix and increased market share, while continuing to focus on profitability
Since 2016, WGO has increased its market share from 3% to 10%
WGO sales CAGR of 44%
SEASONED MANAGEMENT TEAM BUILDING STRONG
MOMENTUM
6
($M) ($M) ($M)
21. 21
PROVEN TRACK RECORD OF RAPID DEBT PAYDOWN
FOLLOWING ACQUISITIONS
7
Net Leverage Ratio by Fiscal Quarter
$325 $327
$270
$248
$225
$252
$221
$296
$259
$2802.7x
2.6x
2.0x
1.8x
1.4x
1.5x
1.3x
1.6x
1.4x
1.6x
Nov'16 Feb'17 May'17 Aug'17 Nov'17 Feb'18 May'18 Aug'18 Nov'18 Feb'19
Net Debt Net Leverage Ratio
Source: Company public filings
Note: Net Debt defined as Total Debt (excluding debt issuance costs) – Cash; Net Leverage defined as Net Debt / Adj. EBITDA
1. Acquisition of Chris Craft
(1)
Company Targets a Net Leverage Ratio Between 0.9x – 1.5x
22. WINNEBAGO’S TAILWINDS AND OPPORTUNITIES FOR
CONTINUED OUTPERFORMANCE
22
Continued Market Share Gains in Towables and Concerted Efforts on Stabilizing
Motorhome
Very Strong Momentum in Grand Design Business, With Growing Retail Customer
Preference for Grand Design Products
Increasingly Diversified Product Mix
Growing Outdoor Lifestyle Demand
Strong Consumer Confidence and Access to Capital
Recent Inventory Destocking Trends
Recessionary Risk and Impact to Business
Tariffs on Imports
24. THE CALL OF THE OUTDOORS IS STRONG
49% of Americans, or 146 million people age 6 and over, reported participating in at least one
outdoor activity in 2017
An increase of 1.7 million participants since 2016
Most popular activities: running, fishing, hiking, bicycling, camping
46% of people (69.8 million) who did not participate in an outdoor activity have a desire to do so
Sources: KOA 2018 North American Camping Report, Outdoor Recreation Participation Topline Report 2017, 2018 Outdoor Industry Association Report, *
2016 National Boating Participation Study
Significant
Outdoor
Activity
Participation
High Interest
in Camping
and Boating
Seeking
Health and
Wellness
$887 billion spent on outdoor activities in 2016
Aspirational: Across all age groups, camping ranked as #1 or #2 most popular aspirational
outdoor activity (i.e. activities that most interest non-participants)
73% of respondents* have gone boating; 36% are active boaters
Of those surveyed, key reasons cited for outdoor activities include
spending more time with family and friends
Getting exercise and keeping physically fit
improving overall emotional well-being and health
24
25. Percent of 2018 RV ShipmentsLegend
NORTH AMERICA RV MARKET OVERVIEW
RV Segmentation North American Market (units in thousands)
Average Retail Price
$161k
$94k
$113k
$22k
$51k
$9k
$19k
Class A
Class C
Class B
Travel Trailers
Fifth Wheels
Folding Camping
Truck Campers
31% 24%
NM NM
(17%)
47%
(3%)
Travel
Trailers
Fifth Wheel Folding
Camping
Truck Class A Class B Class C
MotorhomesTowables
WGO Market Share
12%
88%
Towables – YoY Growth of 28% Motorhomes – YoY Growth of 1%
WGO – YoY Unit Growth 2017 – 2018 of 21% (units in thousands)
Source: RV Industry Association, RVIA Presentation 24-Jan-18, 2017 RVIA Industry Profile, Statistical Surveys, Inc., WGO public filings
Note: Average retail price for 2017. WGO market share data for trailing three month period ending Dec-18 per Statistical Survey; D = diesel; G = gas. 2019E North America market size estimate
per RVIA winter RV Roadsigns, published in Nov-18. 2019E North America market share assumes 88% and 12% share for Towables and Motorhomes, respectively, equal to the actual share in
both 2017 and 2018. WGO YoY data for the LTM period ending Nov-18 per WGO filings.1
25
9%
16%
1% NM
2% NM
21% 16%
77% 7%
10% 41%
52% 14%
38% D:7% G:15%
298
209
153 217
228 258 283 313 327
376
442 426 399
55
28
13
25 25
28
38
44 47
55
63 58
54
353
237
166
242 252
286
321
357 374
431
505 484
453
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019E
Towables Motorhomes
26. TOTAL RV WHOLESALE MARKET
Sources: Historical Data: Recreation Vehicle Industry Association; 2019 represents RVIA estimate as of spring RV Roadsigns, published in
February 2019
26
255
391 391
166 166
505
484
460
1997
2006
2006
2009
2009
2017
2018
2019E
5% CAGR -25% CAGR 15% CAGR -4%
Conservative: 444.5
-8.1%
Aggressive: 475.5
-1.7%
Forecast: 460.1
-4.9%
MH: 0%
TOW: 6%
MH: -39%
TOW: -23%
MH: 22%
TOW: 14%
MH: -8%
TOW: -4%
North American Shipments (Units ‘000s)
27. 9% 8%
12%
-2% -11%
11%
-12% -29%
-11%
-20%
-22%
-40% -15%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
0
10
20
30
40
50
60
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018 2019 % chg vs LY
Note: month of February 2019 not adjusted for usual SSI range of error (+4-6 pp)
1. As of February, 2019
RV Wholesale Shipments are Declining at an Accelerated Rate As Dealers Aggressively Reduce Inventories;
Retail Remains Soft Since September, but Showing Stabilization in a Range of Flat to Down MSD
12%
8%
3%
9%
6%
6%
3%
-7%
-2%
-6%
-1%
-5%
-11%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
RV MARKET
RV Wholesale Unit Shipments
RV Retail Units - % Change Since Prior Year
‘18 ‘19‘18 ‘18 ‘18 ‘18 ‘18 ‘18 ‘18 ‘18 ‘18 ‘19‘18
Trailing 3
Months(1)
(6%) (5%) 2%
Trailing 6
Months(1)
Trailing 12
Months(1)
Trailing 3
Months(1)
Trailing 6
Months(1)
Trailing 12
Months(1)
(26%) (23%) (11%)
27
RVIA
Calendar 2018 Actual -4%
Calendar 2019 Forecast -4.9%
30. Net Sales ($M)
TOWABLE SEGMENT OVERVIEW
$89
$685
$1,128 $1,145
2016 2017 2018 F19 Q2
TTM
50%
34%
8%
1%
7%
Thor Industries Forest River Winnebago
Industries
Gulfstream
Coach
Other
Source: Statistical Surveys, Inc.; percent as reported for North America for rolling 12 months ended January 2019
30
1.9%
13.1% 13.9%
13.0%
2016 2017 2018 F19 Q2
TTM
Winnebago Towables Key Strategies Grand Design Rv Key Strategies
Towable Segment Market Share Adj. EBITDA (% of Rev.)
31. TOWABLES SEGMENT DEVELOPMENTS
Grand Design RV momentum
Winnebago Towable expansion
New product investments
Dealer and retail share gains
Strong margin performance
TRANSCEND
31
IMAGINEMINNIE SOLITUDESPYDER TOY HAULERMICRO MINNIE 5TH
WHEEL
32. MOTORHOME OVERVIEW
$881 $853 $861 $819
2016 2017 2018 F19 Q2
TTM
39%
22%
16%
6% 6% 5% 5%
Thor
Industries
Forest River Winnebago
Industries
Rev Group Tiffin Newmar Other
Source: Statistical Surveys, Inc.; percent as reported for North America for rolling 12 months ended January 2019
32
7.5%
6.6%
4.1%
5.0%
2016 2017 2018 F19 Q2
TTM
Net Sales ($M)Motorhome Segment Market Share Adj. EBITDA (% of Rev.)
Key Strategies
33. MOTORIZED SEGMENT DEVELOPMENTS
Product line revitalization
Strengthening dealer relationships
Manufacturing transformation
Brand development
Technology innovation
ADVENTURERREVEL VITA/PORTO
33
OUTLOOK
INTENT
34. SPECIALTY VEHICLES BUSINESS UNIT
34
Mobile medical Mobile dental
DUI/BAT Bloodmobiles
Mammography Classrooms
Event marketing Bookmobiles
ACCESSIBILITY ENHANCEDCOMMERCIAL
SHELLS
SPECIALTY
NEW! All-Electric Zero-Emission Option!
33' and 38' Class A commercial platforms
100% Battery Electric Vehicle
Range of 85 to 125 miles
Ideal for fixed-base applications
One of the only RV manufacturers to
build motorhomes specifically tailored
for those individuals with physical
challenges.
Wheelchair lifts, roll-in showers,
conveniently located controls, and a
host of other items.
35. BROAD PORTFOLIO OF STERNDRIVE AND OUTBOARD BOATS
CAPRI SERIES
Sizes: 21’ 27’
LAUNCH GT
Sizes: 28’ 35’
CALYPSO SERIES
Sizes: 26’ 30’
CATALINA SERIES
Sizes: 26’ 30’ 34’
STERNDRIVEOUTBOARD
CORSAIR SERIES
Sizes: 27’ 30’ 34’
LAUNCH SERIES
Sizes: 23’ 27’ 30’ 34’ 38’
35
36. Global brand recognized worldwide for providing an iconic marine experience and a symbol of American boating for over 140
years
Experienced management team that has been in place since 2001
Portfolio of 18 boat models ranging from 21’-38’ with distinct design appeal and highly customizable configurations suitable
for a range of recreational activities
Carefully controlled “built-to-order” manufacturing and dealer inventory management – provides opportunity to share best
practices with similar Winnebago model
170,000 square foot, non-union, integrated manufacturing facility in Sarasota, FL
Opportunity to increase scale through additional investment
CHRIS-CRAFT OVERVIEW
Brand, Leadership
and Product
Lineup
Manufacturing
Capabilities
Global
Distribution &
Customer Base
Multi-brand network of over 90 contracted dealers and 123 global sales locations
Boats sold in over 50 different countries since 2010
Luxury customer base that is typically less sensitive to fluctuations in the economic cycle
Brand,
Leadership
and Product
Lineup
36
37. O
R
M
N
IA
IN
FL
Facility
Locations
Location Facility Type / Use Segment # of Buildings Owned / Leased Sq. Ft. (000's)
Forest City, IA Manufacturing, maintenance, service & office Motorhome 33 Owned 1,547
Forest City, IA Warehouse Motorhome 3 Owned 459
Charles City, IA Manufacturing Motorhome 2 Owned 161
Waverly, IA Manufacturing Motorhome 1 Owned 33
Junction City, OR Manufacturing, service, and office Motorhome 10 Owned 305
Middlebury, IN Manufacturing and office Towable 4 Owned 445
Lake Mills, IA Manufacturing Motorhome 1 Leased 99
Middlebury, IN Manufacturing, service, and office Towable 10 Leased 1,045
Eden Prairie, MN Corporate Motorhome 1 Leased 30
Sarasota, FL Manufacturing and office Corporate / All Other 7 Owned 189
72 4,312
WGO – MANUFACTURING, PRODUCTION & OPERATIONS
OVERVIEW
Winnebago Has 10 Facilities Across 5 States: Iowa, Indiana, Oregon, Minnesota, and Florida
▪ Track record of introducing innovative, fast
turning and highest-grossing products in the
RV space
▪ 4.3 million square
feet under roof
▪ ~3,500
manufacturing
employees
▪ Operating factories in
5 states, 8 campuses
today(1)
▪ Vertically integrated in North
Iowa Motorhome business
37
1. The Company announced on 2/4/2019 it will shift manufacturing and assembly of its diesel vehicles from Junction City to its Forest City manufacturing facility; Junction City will continue to operate as an
aftermarket and RV parts support facility. It is anticipated following the transition, ~30 positions will remain at the Oregon campus. The additional assembly presence in Forest City, Iowa will result in a projected
increase of 175 positions at that site by the end of FY2020 and it is expected the move will help the Company save approximately $4M annually in 2021 and following.
(1)