THOR Investor Day 2022

Driving Gross Margin Expansion 200BPS of gross margin expansion 77 15.8% • 13.8% FY 21 FY 27 Target DRIVERS · Pricing to offset cost inflation. • Innovation focused on product differentiation Operational excellence • · Value analysis and cost engineering Production orientated and lean principles • Global and dual sourcing • Standardization THOR Go Everywhere. Stay Anywhere™ THOR Investor Day 2022

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