THOR Investor Day 2022
A Look at a Downside Scenario
NET SALES
$10.7B
GROSS MARGIN
| 14.0%
ADJUSTED EBITDA (1)
$900M
ADJUSTED EBITDA %
| 8.4%
NET INCOME
$365M
EPS
$6.70
CASH FLOW FROM
OPERATIONS
$640M
44
ASSUMPTIONS AND DRIVERS
Assumes a decrease of approximately 35% from
TTM sales
LEVERS WE CAN PULL DURING A DOWNTURN
•
Production rates
•
Quickly consolidate production plants
•
Headcount
•
Limit or freeze capital expenditures, low
•
maintenance Cap Ex
Compensation of management is already highly
variable = automatic lever
•
THOR Downturn Playbook
.
Historically, we have generated cash during a
downturn as we collect A/R and turn inventory into
cash
This Scenario Illustrates THOR's Resilience in a Down Market and Does Not Represent a Forecast or Guidance.
THOR Will Issue FY 23 Guidance After the September Open House
86
(1) See the Appendix to this presentation for reconciliation of non-GAAP measures to most directly comparable GAAP financial measures.
THOR Investor Day 2022
THOR
Go Everywhere. Stay AnywhereView entire presentation