LCI Industries (LCII) Investor presentation summary

Business overview and strategy

• Supplies high-spec components to RV, transportation, outdoor recreation, housing, and aftermarket sectors, with a diversified portfolio and strong margins across multiple end markets.

• Strategy focuses on expanding in RV, marine, transportation, and housing OEM markets, while growing aftermarket repair, replacement, and upgrade offerings.

• Value compounded through deeper penetration of new markets, innovation, and disciplined M&A.

• Operates over 100 facilities in North America and Europe, employing 12,300 team members.

• 2025 net sales reached $4.1B, with $408M adjusted EBITDA and $331M operating cash flow.

Revenue composition and market positioning

• 2025 revenue split: 47% RV, 19% transportation, 7% marine, 4% housing, 23% aftermarket.

• RV OEM remains the largest segment, with diversified OEM markets and aftermarket contributing significantly.

• Product offerings include chassis, windows, doors, furniture, axles, suspensions, appliances, and more.

• Aftermarket business supplies parts for repairs, upgrades, and towing products.

Growth and operational highlights

• Achieved 11% CAGR in revenue from 2015 to 2025, growing from $1.4B to $4.1B.

• Ongoing margin expansion through operational efficiencies, cost savings, and facility consolidations.

• Multifaceted growth opportunities include cyclical recovery in RV and marine, innovation, cross-selling, and M&A.

• Aftermarket tailwinds expected as nearly two million RVs enter the repair/replacement cycle.