® March 22, 2023 INDUSTRY AND MARKET DATA We have included these non-GAAP performance measures as comparable measures to illustrate the effect of non-recurring transactions occurring during the year and improve comparability of our results from period to period. Management uses these non-GAAP financial measures (a) to evaluate our historical and prospective financial performance and trends as well as our performance relative to competitors and peers; (b) to measure operational profitability on a consistent ...

财务数据和关键指标变化 - 第二季度收入为8.667亿美元,同比下降26% [31] - 毛利润为1.468亿美元,同比下降32.2%,毛利率为16.9%,同比下降170个基点 [35] - 营业利润为7680万美元,同比下降43.9% [36] - 净利润为5280万美元,同比下降42.1% [36] - 每股摊薄收益为1.52美元,同比下降43.5% [37] - 调整后每股收益为1.88美元,同比下降40.1% [37] - 合并调整后EBITDA为8840万美元,同比下降41.3% [37] 各条业务线数据和关键指标变化 可拖式房车业务 - 收入为3.425亿美元,同比下降47%,主要受到需求正常化和经销商库存调整的影响 [40][41] - 分部调整后EBITDA为3930万美元,同比下降60.9%,调整后EBITDA利润率为11.5%,同比下降410个基点 [42] - 订单备货减少85.1%至2.782亿美元 [43] 动力驱动房车业务 - 收入为4.038亿美元,同比下降3%,受到销量下降的影响,但被价格上涨和产品组合改善所抵消 [44][45] - 分部调整后EBITDA为4250万美元,同比下降7.8%,调整后EBITDA利润率为10.5%,同比下降50个基点 [46] - 订单备货减少60.6%至8.727亿美元 [47] 船舶业务 - 收入为1.129亿美元,同比增长16.1%,主要受益于价格上涨 [48] - 分部调整后EBITDA为1440万美元,同比增长11.4%,调整后EBITDA利润率为12.8%,同比下降50个基点 [49] - 订单备货减少14.1% [49] 各个市场数据和关键指标变化 - 公司没有具体披露各个市场的数据和关键指标变化 公司战略和发展方向及行业竞争 - 公司正在进行文化、战略和财务转型,目标是成为全球领先的高端户外休闲品牌公司 [11][12] - 公司正在持续投资于行业领先的创新和数字业务能力,以保持竞争力 [15][19][23] - 公司正在积极管理动态的需求环境,专注于通过严格的生产和成本管理来维持盈利能力 [28][29] - 公司相信其多元化的高端户外品牌组合能够帮助其在经济和行业周期中更好地应对波动 [13][15] 管理层对经营环境和未来前景的评论 - 管理层认为,尽管面临宏观经济不确定性和动态的户外行业环境,但公司的业绩仍然表现出业务模式的韧性 [11] - 管理层预计2023年RV出货量将在340,000-345,000辆之间,经销商将在12个月内去库存30,000-35,000辆 [57][58] - 管理层表示,公司不依赖于RV出货量的大幅反弹来实现之前宣布的2025财年财务目标 [60] - 管理层对公司的长期前景保持信心,认为公司有能力维持和增加市场份额,并进一步提高业务的基线盈利能力 [62][64] 问答环节重要的提问和回答 问题1 **Alice Wycklendt 提问** 询问公司现金流情况,以及未来几个季度的预期 [67][68] **Bryan Hughes 回答** 公司目前面临的工资资本压力主要来自于存货,未来几个季度随着需求下降和渠道库存下降,预计工资资本将成为现金流的贡献者而不是消耗者 [69][70] 问题2 **Scott Stember 提问** 询问可拖式房车业务的毛利率情况,以及是否有任何其他因素帮助维持了该业务的盈利能力 [88][89] **Michael Happe 和 Bryan Hughes 回答** 公司在可拖式房车业务中进行了一些折扣和优惠,但总体而言,毛利率水平与公司历史同期水平相当。公司通过精细的生产管理和与经销商的合作,有效地管控了这一业务的盈利能力 [90][91][92][93][94][95] 问题3 **James Hardiman 提问** 询问公司在第二季度的出货量份额是否有所提升,以及这对全年的行业指引有何影响 [168][169][170] **Michael Happe 和 Bryan Hughes 回答** 公司的出货量份额在季度间可能会有一定波动,但这并非公司的主要目标。公司认为,零售市场份额才是评判业务健康状况的最终标准。公司对全年行业指引的差异主要源于对经销商库存去化速度的不同预期 [170][171][172][173][178][179][180][181]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 25, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File Number: 001-06403 WINNEBAGO INDUSTRIES, INC. (Exact name of registrant as specified in its charter) ...

® Fiscal 2023 Results First Quarter December 16, 2022 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a wo ...

Winnebago Industries, Inc. (NYSE:WGO) Q1 2023 Earnings Conference Call December 16, 2022 10:00 AM ET Company Participants Ray Posadas - Vice President of Investor Relations Michael Happe - President and Chief Executive Officer Bryan Hughes - Senior Vice President and Chief Financial Officer Conference Call Participants Craig Kennison - Robert W. Baird & Co. Inc. Tristan Thomas - BMO Capital Markets Scott Stember - MKM Partners Michael Swartz - Truist Securities, Inc. Frederick Wightman - Wolfe Research, LLC ...

Winnebago Industries, Inc. (NYSE:WGO) Q4 2022 Earnings Conference Call October 19, 2022 10:00 AM ET Company Participants Ray Posadas - VP, IR Michael Happe - President and CEO Bryan Hughes - SVP and CFO Conference Call Participants Tristan Thomas - BMO Scott Stember - MKM Partners Michael Swartz - Truist Craig Kennison - R.W. Baird Fred Wightman - Wolfe Research Patrick Buckley - Jefferies James Hardiman - Citi John Healy - Northcoast Research Brandon Rollé - D.A. Davidson Operator Good day and thank you fo ...

6 Fiscal 2022 Results Fourth Quarter October 19, 2022 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a wo ...

Winnebago Industries, Inc. (NYSE:WGO) Q3 2022 Earnings Conference Call June 22, 2022 10:00 AM ET Company Participants Steve Stuber - Vice President, Investor Relations Michael Happe - President and CEO Bryan Hughes - Senior Vice President and CFO Conference Call Participants Craig Kennison - Baird Gerrick Johnson - BMO Capital Markets Scott Stember - MKM Partners Mike Swartz - Truist Securities Fred Wightman - Wolfe Research Bret Jordan - Jefferies David Whiston - Morningstar Joe Altobello - Raymond James J ...

® Fiscal 2022 Results Third Quarter June 22, 2022 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to uncertainty surrounding the COVID-19 pandemic; general e ...

Winnebago Industries, Inc. (NYSE:WGO) Q2 2022 Earnings Conference Call March 23, 2022 10:00 AM ET Company Participants Steven Stuber - Director, IR & Financial Planning and Analysis Michael Happe - President and CEO Bryan Hughes - CFO, SVP, Finance, IT & Strategic Planning Conference Call Participants Gerrick Johnson - BMO Capital Markets Scott Stember - C.L. King & Associates Craig Kennison - Robert W. Baird & Co. Michael Swartz - Truist Securities Brett Andress - KeyBanc Capital Markets Frederick Wightman ...