THOR Investor Day 2022
THOR's Past Results Demonstrate its
Resilience in Down Markets
NORTH AMERICAN INDUSTRY (2)
WHOLESALE SHIPMENTS
THOR NORTH AMERICAN PERFORMANCE (1)
FY 08
FY 09
350,000
300,000
Shipments
down 53%
SALES ($ THOUSANDS)
$2,224,955
$1,115,006
FY 10
$1,848,549
THOR has maintained
250,000
UNITS
84,751
45,465
73,770
positive net income on
200,000
GROSS MARGIN %
12.7%
150,000
a GAAP basis and
generated positive
operating cash flow
during past downturns
and has come out of
past downturns
stronger
100,000
NBT ($ THOUSANDS)
$145,784
10.0%
$17,619
14.2%
50,000
NBT %
6.6%
1.6%
$156,232
8.5%
0
FY08
FY09
FY10
600,000
500,000
400,000
300,000
200,000
100,000
NORTH AMERICAN INDUSTRY (2)
WHOLESALE SHIPMENTS
Shipments
down 32%
In
THOR NORTH AMERICAN PERFORMANCE (1)
FY 18
FY 19
FY 20
FY 21
SALES ($ THOUSANDS)
UNITS
GROSS MARGIN %
$8,155,015
266,220
13.7%
NBT ($ THOUSANDS)
NBT %
$667,442
$6,207,780 $5,530,580
187,625
165,270
12.6%
13.9%
$403,138 $408,150
$8,891,319
239,608
15.4%
$861,021
8.2%
6.5%
7.4%
9.7%
0
FY18
FY19
FY20
FY21
(1) Per filed 10-K reports for North American RV segments
(2) RVIA data
87
THOR Investor Day 2022
THOR
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