THOR Investor Day 2022

2.6x TLB $1,347 TOTAL DEBT (1) ($ millions) Other ABL $100 $82 Unsecured Notes $500 TOTAL NET DEBT LEVERAGE (3) 1.9x 1.0x 0.9x Favorable Debt Profile Total Debt $2,029 FAVORABLE DEBT MATURITY PROFILE Term Loan B (TLB) due in FY26 - current weighted average interest rates of 4.59% (USD tranche) (floating and fixed) and 3.00% (EUR tranche) (floating, not hedged) $500 million of Senior Unsecured Notes due in FY 29 and favorable interest rate fixed at 4.00% No financial performance covenants (2) No mandatory scheduled amortization payments on TLB, ABL or Unsecured Notes prior to maturity = maximum flexibility 25 July 31, 2019 July 31, 2020 July 31, 2021 TTM as of April 30, 2022 (1) Total debt obligations as of April 30, 2022 inclusive of the current portion of long-term debt (2) As long as adjusted excess availability, as defined in the debt agreement, exceeds $100M. As of 06/03/2022, our adjusted excess availability was $1.13 billion. (3) See the Appendix to this presentation for reconciliation of non-GAAP measures to most directly comparable GAAP financial measures. THOR Investor Day 2022 THOR'S VIEW OF DEBT We view debt as a strategic tool to be used when needed But we are mindful of our industry - therefore, we carefully structure our debt and maintain a low net debt leverage LT net debt leverage goal is less than 1x R THOR Go Everywhere. Stay Anywhere."

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