THOR Investor Day 2022

Fast + Flexible + Focused Our decentralized business model and highly variable cost structure = 40+ years of profitability and strong cash flow from operations 21 FAST Decentralized business model allows us to quickly adapt to changing market conditions FLEXIBLE Focus on assembly, not heavy manufacturing, creates a low working capital and low overhead cost structure FOCUSED Our business model is focused on what we do best - RV's Our highly variable cost structure allowed us to maintain strong liquidity and positive cash flow from operations through prior economic cycles THOR Investor Day 2022 R THOR Go Everywhere. Stay Anywhere™

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