Download
1 / 23

Safe Harbor Statement - PowerPoint PPT Presentation


  • 277 Views
  • Updated On :
loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Safe Harbor Statement' - RexAlvis


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Slide1 l.jpg

MONACO COACH

CORPORATION

NYSE: MNC

Second Quarter 2003


Safe harbor statement l.jpg
Safe Harbor Statement

  • This presentation may contain certain forward-looking statements that are subject to risks and uncertainties that may cause actual results to vary from those projected. Such risks and uncertainties include, but are not limited to, those listed in the Company’s form 10-K and form 10-Q. These documents can be accessed at www.monaco-online.com or www.sec.gov.


Company overview l.jpg
Company Overview

  • Leading Manufacturer of Recreational Vehicles

    • Number One Diesel Manufacturer

  • Six Premium Brands

    • Monaco, Holiday Rambler, Beaver, Safari, McKenzie and Royale Coach

  • Manufacturing in Indiana and Oregon

  • 2002 Sales Data

    • 11,211 Units

    • $1.22B Revenue


Company milestones l.jpg
Company Milestones

  • 1987: Current Management in Place

  • 1993: Initial Public Offering

  • 1996: Holiday Rambler Acquisition

  • 1997: Secondary Offering

  • 1998: April 3 for 2 Stock Split

  • 1998: November 3 for 2 Stock Split

  • 1999: July 3 for 2 Stock Split

  • 2001: SMC Corporation Acquisition

  • 2001: September 3 for 2 Stock Split


Slide5 l.jpg

Revenue Breakdown (Approximate)


Class a motorhome market l.jpg
Class A Motorhome Market

Retail Sales July 2003 YTD

Approx. Market Size = $4.5 billion


Diesel motorhome market l.jpg
Diesel Motorhome Market

Retail Sales July 2003 YTD


Gasoline motorhome market l.jpg
Gasoline Motorhome Market

Retail Sales July 2003 YTD


Class c motorhome market l.jpg
Class C Motorhome Market

Retail Sales June 2003 YTD

Approx. Market Size = $745 million


Towable market l.jpg
Towable Market

Retail Sales June 2003 YTD

Approx. Market Size = $3.3 billion


Customer profile l.jpg
Customer Profile

  • Lifestyle Decision, Planned Purchase

    • Very High Level of Commitment

    • Very Brand Loyal

      • 24,500 Club Member Families

    • Rallies, Caravans, Events

  • Mostly Retired or Semi-Retired

    • Average Consumer Will Own 3-5 RVs

    • Average Consumer Trades Every 3-5 Years

  • Consumer Base Undergoing Positive Changes

  • Industry-wide Media Campaign Fuels RV Awareness


Target market growth l.jpg
Target Market Growth

U.S. Population Growth 2000-2010

Source: U.S. Census Bureau


Retail dealer profile l.jpg
Retail Dealer Profile

  • Independent Retail Dealers

    • North America

  • Shared with Competitors

    • Importance of “Shelf-Space”

  • Not All MNC Dealers Carry All MNC Products

    • Dealers Specialize

    • Few “Full-Line” Dealers

    • Multi-brand Approach Increases Market Penetration

  • Dealers Finance Inventory


Retail distribution growth l.jpg
Retail Distribution Growth

Retail Dealership Locations


Product driven industry l.jpg
Product Driven Industry

  • Responsive to Customer & Dealer Feedback

    • Creates Enthusiasm & Drives Repeat Purchases

  • Company-Wide Focus and Discipline

    • Senior Management Attention

  • Roadmaster Chassis

    • Greater design flexibility; enhanced performance

  • Alumaframe Construction

    • Lighter weight; greater durability

  • Floorplan Design


Expanded product offerings l.jpg
Expanded Product Offerings

DIESEL CLASS A MOTORCOACHES:

Retail Price PointMonacoHoliday RamblerBeaver/Safari

$600,000 – 1.1M Royale Coach

$445,000 – 535,000 Signature SeriesMarquis

$335,000 – 420,000 ExecutiveNavigatorPanther

$295,000 – 360,000 DynastyPatriot

$255,000 – 295,000 ImperialContessa

$215,000 – 270,000 WindsorZanzibar

$210,000 – 240,000 CamelotScepterMonterey

$155,000 – 210,000 DiplomatEndeavor - DieselSantiam/Sahara

$135,000 – 170,000 KnightAmbassadorBaron/Cheetah

$115,000 - 130,000 CaymanNeptune


Expanded product offerings17 l.jpg
Expanded Product Offerings

GASOLINE CLASS A and CLASS C MOTORCOACHES:

Retail Price PointMonaco/McKenzieSafari/Holiday Rambler

$95,000 – 120,000 LaPalmaVacationer

$85,000 – 110,000 Trek/Traveler

$75,000 – 105,000 MonarchAdmiral

$65,000 – 75,000 RogueAtlantis

TOWABLES:

Retail Price PointMcKenzieHoliday Rambler

$40,000 – 65,000 Medallion Fifth Wheel

$40,000 – 55,000 Presidential Fifth Wheel

$40,000 – 45,000 Presidential Travel Trailer

$30,000 – 50,000 Lakota Fifth WheelAlumascape Fifth Wheel

$30,000 – 40,000 Dune Chaser Toy HaulerNextLevel Toy Hauler

$25,000 – 35,000 Lakota Travel TrailerAlumascape Travel Trailer


Production capacity l.jpg
Production Capacity

Units/Week

Motorized199619971998CurrentUtilization

Indiana 57 80 115 125 85

Oregon 12 12 15 140 59

TOTAL 69 92 130 265 144

Towable199619971998CurrentUtilization

Indiana* 55 85 70 130 55

Oregon 0 10 25 0 0

TOTAL 55 95 95 130 55

Current Utilization (units) = Approx. 50%

100% Utilization = Approx. $1.6 - $1.7B Revenue

*Towable Plant Capacity Expanded July 2003


Revenue growth l.jpg
Revenue Growth

$ in millions

FY03E = $1.1B


Key ratios l.jpg
Key Ratios

As a % of Revenue

Gross Margin

SG&A

Operating Margin

Q203

Gross Margin = 10.2%

SG&A = 9.6%

Operating Margin = .6%

Q303E

Gross Margin = 10.5%-11%

SG&A = 8.75-9.25%

Operating Margin = 1.25%-2.25


Earnings per share l.jpg
Earnings Per Share

Q303E = $.8

FY03E = $.36


Current outlook l.jpg
Current Outlook

  • Retail Sales Beginning to Improve

    • Total Class A Market Up 8.5% July ‘03 vs. July ‘02

      • Up 7.9% YTD

  • Reduced Overall Production Levels

    • More Closely Align Production with Demand

    • Work Down Finished Goods Inventory

  • Balance Sheet

    • Current Debt Approximately $85M

      • $103M at Year-end 2002

    • Estimate $60 by Year-end 2003

    • Estimate $33M Cash from Operations in 2003

      • Estimate $20M Cap Ex in 2003

  • Excellent Industry Fundamentals

    • Demographics, Leisure Travel Preferences


Slide23 l.jpg

MONACO COACH CORPORATION

www.monaco-online.com

(800) 634-0855

NYSE:MNC


ad