REV Group (REVG) Earnings Call Presentation

Strategic Actions and Financial Impact - REV Group sold Collins Bus to Forest River for $303 million in cash[7, 8] - The company expects >$250 million in net cash proceeds from strategic actions, including the Collins sale and winding down ENC operations[7, 11] - A special cash dividend of $3.00 per share will be paid to shareholders[7, 8] - REV Group anticipates a net debt to trailing twelve-month Adjusted EBITDA leverage ratio of <1.0x exiting 1Q24[8] Revised Fiscal 2024 Outlook - Net sales are projected to be $2.45 to $2.55 billion, adjusted for strategic actions[21] - Adjusted EBITDA is expected to be $140 to $160 million[21] - Free cash flow is estimated at $53 to $68 million[21] Business Segmentation - REV Group will be reorganized into two reporting segments: Specialty Vehicles and Recreational Vehicles[8, 19] - The Specialty Vehicles segment includes Fire & Emergency and remaining commercial segment businesses[19] - The Recreational Vehicles segment includes all of REV Group's recreation products[19, 20] FY2023 Recast Results - FY2023 Adjusted EBITDA was $156.6 million[21, 34]