Champion Homes (SKY) Investor presentation summary

Strategic initiatives and business model

• Focus on investing in people, technology, and accretive M&A while returning cash to shareholders.

• Customer-centric approach drives profitable growth and aligns talent and investments.

• Leverages capacity, technology, and channel excellence to expand market reach and efficiency.

• Product and service innovation includes differentiated homes, financing, and turnkey solutions.

• Drives brand awareness, advocacy, and demand through expanded go-to-market channels.

Market position and industry trends

• Manufactured housing is recognized as a key solution for affordable homeownership in the U.S.

• Average factory-built home costs $123,300, about 50% less per sq ft than site-built homes.

• HUD code homes represent ~10% of single-family housing starts, with significant upside as financing improves.

• Rising interest rates historically increase market share for manufactured housing.

• Company holds a 22.5% HUD market share based on shipment data through March 2026.

Financial performance and capital allocation

• Fiscal 2026 revenue reached $2.7 billion with 26,622 homes sold in North America.

• Adjusted EBITDA margin was 11.6%, with $308 million in adjusted EBITDA and $217 million in adjusted net income.

• Maintains a strong balance sheet with $638 million in cash and equivalents and minimal net debt.

• $200 million revolving credit facility supports liquidity and growth; $200 million in share repurchases in the last year.

• Capital allocation prioritizes balance sheet strength, reinvestment, and potential acquisitions.