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MasterCraft Boat Holdings, Inc. Fiscal Fourth Quarter & 2026 Results September 10, 2026
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2Fiscal Fourth Quarter & 2026 Results Disclaimer Forward Looking Statements This presentation includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements can often be identified by such words and phrases as “believes,” “anticipates,” “expects,” “intends,” “estimates,” “may,” “will,” “should,” “continue,” and similar expressions and comparable terminology, or the negative thereof. These statements include, but are not limited to, statements regarding the expected benefits of the transactions with Marine Products Corporation (“Marine Products”), including anticipated synergies, cost savings, and integration plans; the financial performance, results of operations, and cash flows of the combined company; expectations regarding brand portfolio strategy and dealer network optimization; and management’s plans and objectives for future operations, capital expenditures, and growth initiatives. Forward-looking statements are subject to risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to: (i) the ability to successfully integrate the operations of MasterCraft Boat Holdings, Inc. (“MCBH”) and Marine Products and realize the anticipated benefits of the transactions; (ii) the financial performance of the combined company; (iii) the ability to achieve expected synergies and efficiencies as a result of the transactions; (iv) the ability to retain key employees, customers, dealers, vendors, and suppliers of each company following the transactions; (v) expectations regarding the diversification and complementary nature of brand portfolios; (vi) expectations regarding the complementary nature of dealer networks; (vii) expectations regarding enhancements to the manufacturing platform and technological innovation; (viii) the financial profile and profitability of the combined company; (ix) expectations regarding cost savings and the timing associated with realization thereof; and (x) expectations regarding the combined company’s manufacturing operations and business following the transactions. These and other important factors discussed under the caption “Risk Factors” in MCBH’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the Securities and Exchange Commission (the “SEC”) on August 27, 2025, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings made with the SEC, and Marine Products’ Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings made with the SEC, in each case could cause actual results to differ materially from those indicated by the forward-looking statements. MCBH expects to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026 later today, which will contain updated risk factors reflecting the combined company following the completion of the Marine Products transactions. Copies of all filings are available at www.sec.gov and investors.mcbh.com. The discussion of these risks is specifically incorporated by reference into this presentation. Any such forward-looking statements represent estimates as of the date of this presentation. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this presentation. MCBH undertakes no obligation (and expressly disclaims any obligation) to update or supplement any forward-looking statements that may become untrue or cause our views to change, whether because of new information, future events, changes in assumptions or otherwise. Comparisons of results for current and prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data. Use of Non-GAAP Financial Measures To supplement MCBH’s financial measures prepared in accordance with United States generally accepted accounting principles (“GAAP”), the Company uses certain non-GAAP financial measures in this presentation including adjusted EBITDA, adjusted net income, adjusted net income per diluted share, and free cash flow. Management uses these measures internally to evaluate the performance of its business segments, allocate resources, and assess the progress of integration activities following the acquisition of Marine Products. MCBH management believes these non-GAAP financial measures provide useful information to investors because they facilitate comparison of the Company’s core operating performance across periods by excluding items that are not indicative of ongoing operations. Reconciliations of the non-GAAP measures used in this presentation to the most comparable GAAP measures for the respective periods can be found in the appendix to this presentation. The non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for MCBH’s financial results prepared in accordance with GAAP. Other companies may calculate similarly titled non-GAAP measures differently, which limits their usefulness as comparative measures. We do not provide forward-looking guidance for certain financial measures on a GAAP basis because we are unable to predict certain items contained in the GAAP measures without unreasonable efforts.
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3Fiscal Fourth Quarter & 2026 Results Today’s Presenters Brad Nelson Chief Executive Officer and Director Scott Kent Chief Financial Officer
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~4,700 63 500+ ~1,400 5 Annual Units Sold1 Boat Models Global Dealer Locations1 Employees Brands COMBINED COMPANY BY THE NUMBERS Performance and Wake 15 Models 20-25 ft. Length Range $110k - $500k Price Range Recreation and Sport Fishing 23 Models 16-36 ft. Length Range $36k - $700k Price Range Recreation and Sport Fishing 16 Models 21-32 ft. Length Range $60k - $457k Price Range Leisure 3 Models 24-26 ft. Length Range $230k - $570k Price Range Leisure 6 Models 18-26 ft. Length Range $33k - $290k Price Range 1 As of fiscal year end 6/30/2026 Newly Combined Portfolio
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Fiscal 2026 Earnings Overview Dollars Presented in Millions, Except Per Share Data 1 Income (loss) from continuing operations, inclusive of transaction fees l 2 Diluted income (loss) per share from continuing operations Financial Results Above Expectations • Net sales of $348.9 • Net loss of ($1.6)1 • Diluted net loss per share of ($0.09)2 • Adjusted EBITDA of $45.6 • Diluted adjusted net incomeper share of $1.76 Resilient Balance Sheet Provides Flexibility • Strong financial position underscored by ~$44 of cash • No debt • Fully funded strategic growth initiatives Healthy Channel Inventories • Legacy dealer inventories down ~30% YoY , with turns better than pre-pandemic levels • Progress led by production discipline and effective dealer support programs • Chaparral and Robalo also ended the year with lower inventories and higher turns Transformational Combination • Closedthe transactionwith Chaparral and Robalo brands on May 15 • Newsegment added $33.3 of net sales in the six-week period • Synergy efforts are underway, with structured workstreams in place
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6Fiscal Fourth Quarter & 2026 Results Net loss of ($1.6), down $12.3 from FY25 Adjusted EBITDA of $45.6, up $21.2 from FY25 Legacy wholesaleunits of 2,355 , up 2.7% from FY25 FY26 wholesale units of 2,665 including R&SF, up 16.2% from FY25 Legacy net sales of $315.6, up 11.0% from FY25 FY26 net sales of $348.9 including R&SF, up 22.8% from FY25 Diluted loss of ($0.09)per share, down$0.74 per share from FY25 Adjusted diluted net incomeof $1.76 per share, up $0.84 per share from FY25 $10.7 ($1.6) $24.4 $45.6 FY25 FY26 $0.65 ($0.09) $0.92 $1.76 FY25 FY26 $240.8 $271.2 $43.4 $44.4 $33.3 FY25 FY26 $284.2 Net Sales 1 ($’s in millions) Net Income (Loss) 2/ Adjusted EBITDA ($’s in millions) Unit Volume 1,548 1,639 745 716 310 FY25 FY26 2,293 2,665 Fiscal Year Comparative Results $348.9 + 1 May not tie due to rounding l 2 Income from continuing operations l 3 Diluted Income per share from continuing operations Diluted Net Income (Loss) Per Share 3 / Adjusted Diluted Net Income Per Share +
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7Fiscal Fourth Quarter & 2026 Results Net loss of ($7.0), down $12.5 from Q4 FY25 Adjusted EBITDA of $20.5, up $11.0 from Q4 FY25 Legacy wholesaleunits of 636, up11.6% from Q4 FY25 Q4 wholesaleunits of 946 including R&SF, up 66.0% from FY25 Legacy net sales of $96.6, up 21.5% from Q4 FY25 Q4 net sales of $129.9 including R&SF, up 63.4% from FY25 Diluted loss of ($0.35)per share, down$0.68 per share from Q4 FY25 Adjusted diluted net incomeof $0.67 per share, up $0.27 per share from Q4 FY25 $5.5 ($7.0) $9.5 $20.5 Q4 FY25 Q4 FY26 $0.33 ($0.35) $0.40 $0.67 Q4 FY25 Q4 FY26 $65.9 $84.5 $13.6 $12.1 $33.3 Q4 FY25 Q4 FY26 $79.5 352 444 218 192 310 Q4 FY25 Q4 FY26 570 946 Fourth Quarter Comparative Results $129.9 + Net Sales 1 ($’s in millions) Net Income (Loss) 2/ Adjusted EBITDA ($’s in millions) Unit Volume Diluted Net Income (Loss) Per Share 3 / Adjusted Diluted Net Income Per Share 1 May not tie due to rounding l 2 Income from continuing operations l 3 Diluted Income per share from continuing operations +
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8Fiscal Fourth Quarter & 2026 Results Capital Allocation Framework Retain Strong Financial Position • Maintain healthy balance sheet • Ensure adequate liquidity • Zero debt Invest in Long-Term Growth Organic Growth & Integration: • Focused innovation • Product line & brand development • Chaparral and Robalo synergy opportunities Complementary Inorganic Growth / M&A: • Highly disciplined approach Return Excess Cash • $50 share repurchase program authorized in July 2023 (~$23 available) • Returned ~$77 to shareholders since FY21 • Maintain flexibility to continue returning excess cash to shareholders Key Metrics Cash Capital Expenditures (TTM) Share Repurchases (TTM) Revolving Credit Availability ($’s in millions) $43.9 $8.1 $2.3 $75.0 ($’s in millions)
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9Fiscal Fourth Quarter & 2026 Results MCBH Six-Month Transition Period1 Metric ($’s In Millions, Except Per Share Data) Q1 Transition Period Six-Month Transition Period Net Sales ~$147M $287M to $291M Adjusted EBITDA ~$16M $29M to $32M Adj DEPS ~$0.40 $0.66 to $0.76 Capital Expenditures ~$9M 1 July 1, 2026 through December 31, 2026
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10Fiscal Fourth Quarter & 2026 Results Compatible Global Dealer Networks and Commercial Organizations COMBINED U.S. DEALER FOOTPRINT Marine Products Location MCBH Location 500+ Global dealer locations in the network 1 Expanded geographic coverage with more than 400 dealer locations 1 across coastal and inland U.S. Enhanced customer reach and growth opportunities across brands 1 As of fiscal year end 6/30/2026
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11Fiscal Fourth Quarter & 2026 Results STRENGTHENED PRO FORMA FOOTPRINT AND CAPABILITIES Enhanced Manufacturing Capabilities with Robust Technological Innovation Vonore, TN 310,000 square feet Owosso, MI 270,000 square feet Nashville, GA 1,262,000 square feet Vonore, TN Owosso, MI Nashville, GA Powerful product development and manufacturing platforms to deliver differentiated and innovative new products while accelerating new model launches Improves overall production efficiency and provides operational flexibility for future growth Enhanced scale and capabilities supports more efficient brand investment and enhanced innovation to drive growth 1.8M Square Feet One of the Largest Single-Site Sport Boat Production Plants in the U.S. 3 Facilities OVERVIEW OF FACILITIES
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12Fiscal Fourth Quarter & 2026 Results Appendix
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13Fiscal Fourth Quarter & 2026 Results Fourth Quarter Adjusted EBITDA Reconciliation The following table sets forth a reconciliation of income (loss) from continuing operations as determined in accordance with U.S. GAAP to EBITDA and adjusted EBITDA and income (loss) from continuing operations margin to EBITDA margin and adjusted EBITDA margin (each expressed as a percentage of net sales) for the periods indicated: 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as one-time severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with the transitions.| 2 Represents consulting costs related to the implementation of our enterprise resource planning system. | 3 Represents non-recurring third-party business development, consulting and legal costs and debt extinguishment costs related to the Marine Products Transaction. | 4 Represents non-cash charges recorded in our Leisure segment for impairment of other intangible assets. | 5 Represents an inventory step-up charge related to the Marine Products Transaction. (Dollars in thousands) Q4 FY26 % of sales Q4 FY25 % of sales Income (loss) from continuing operations (7,029)$ (5.4%) 5,452$ 6.9% Income tax expense 1,137 1,299 Interest expense 69 - Interest income (490) (823) Depreciation and amortization 6,692 2,554 EBITDA 379$ 0.3% 8,482$ 10.7% Share-based compensation 1,424 835 Senior leadership transition and organizational realignment costs(1) - 211 ERP implementation costs (2) 215 - Marine Products transaction costs (3) 5,855 - Impairments(4) 10,050 - Inventory step-up(5) 2,556 - Adjusted EBITDA 20,479$ 15.8% 9,528$ 12.0%
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14Fiscal Fourth Quarter & 2026 Results Fiscal Year Adjusted EBITDA Reconciliation The following table sets forth a reconciliation of income (loss) from continuing operations as determined in accordance with U.S. GAAP to EBITDA and adjusted EBITDA and income (loss) from continuing operations margin to EBITDA margin and adjusted EBITDA margin (each expressed as a percentage of net sales) for the periods indicated: 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as one-time severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with the transitions.| 2 Represents consulting costs related to the implementation of our enterprise resource planning system. | 3 Represents non-recurring third-party business development, consulting and legal costs and debt extinguishment costs related to the Marine Products Transaction. | 4 Represents non-cash charges recorded in our Leisure segment for impairment of other intangible assets. | 5 Represents an inventory step-up charge related to the Marine Products Transaction. (Dollars in thousands) FY26 % of sales FY25 % of sales Income (loss) from continuing operations (1,601)$ (0.5%) 10,715$ 3.8% Income tax expense 2,948 2,820 Interest expense 215 1,169 Interest income (2,747) (3,472) Depreciation and amortization 13,652 9,579 EBITDA 12,467$ 3.6% 20,811$ 7.3% Share-based compensation 4,113 2,915 Senior leadership transition and organizational realignment costs(1) 196 659 ERP implementation costs (2) 999 - Marine Products transaction costs (3) 15,249 - Impairments(4) 10,050 - Inventory step-up(5) 2,556 - Adjusted EBITDA 45,630$ 13.1% 24,385$ 8.6%
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15Fiscal Fourth Quarter & 2026 Results Fourth Quarter Adjusted Net Income Reconciliation The following table sets forth a reconciliation of income (loss) from continuing operations as determined in accordance with U.S. GAAP to adjusted net income for the periods indicated: (Dollars in thousands, except per share and share amounts) Q4 FY26 Q4 FY25 Income (loss) from continuing operations (7,029)$ 5,452$ Income tax expense 1,137 1,299 Amortization of acquisition intangibles 3,334 450 Share-based compensation 1,424 835 Senior leadership transition and organizational realignment costs(1) - 211 ERP implementation costs (2) 215 - Marine Products transaction costs (3) 5,855 - Impairments(4) 10,050 - Inventory step-up(5) 2,556 - Adjusted Net Income before income taxes 17,542$ 8,247$ Adjusted income tax expense (6) 4,034 1,650 Adjusted Net Income 13,508$ 6,597$ Adjusted Net Income per common share Basic $0.67 $0.40 Diluted $0.67 $0.40 Weighted average shares used for the computation of: (7) Basic Adjusted net income per share 20,209,123 16,299,885 Diluted Adjusted net income per share 20,209,123 16,440,388 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as one-time severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with the transitions.| 2 Represents consulting costs related to the implementation of our enterprise resource planning system. | 3 Represents non-recurring third-party business development, consulting and legal costs and debt extinguishment costs related to the Marine Products Transaction. | 4 Represents non-cash charges recorded in our Leisure segment for impairment of other intangible assets. | 5 Represents an inventory step-up charge related to the Marine Products Transaction. | 6 Reflects income tax expense at a tax rate of 23.0% for 2026, and 20.0% for 2025 | 7 Represents the Weighted average shares used for the computation of Basic and Diluted earnings per share as presented on the Consolidated Statements of Operations to calculate Adjusted Net Income per diluted share for all periods presented herein.
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16Fiscal Fourth Quarter & 2026 Results Fiscal Year YTD Adjusted Net Income Reconciliation The following table sets forth a reconciliation of income (loss) from continuing operations as determined in accordance with U.S. GAAP to adjusted net income for the periods indicated: 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as one-time severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with the transitions.| 2 Represents consulting costs related to the implementation of our enterprise resource planning system. | 3 Represents non-recurring third-party business development, consulting and legal costs and debt extinguishment costs related to the Marine Products Transaction. | 4 Represents non-cash charges recorded in our Leisure segment for impairment of other intangible assets. | 5 Represents an inventory step-up charge related to the Marine Products Transaction. | 6 Reflects income tax expense at a tax rate of 23.0% for 2026, and 20.0% for 2025| 7 Represents the Weighted average shares used for the computation of Basic and Diluted earnings per share as presented on the Consolidated Statements of Operations to calculate Adjusted Net Income per diluted share for all periods presented herein. (Dollars in thousands, except per share and share amounts) FY26 FY25 Income (loss) from continuing operations (1,601)$ 10,715$ Income tax expense 2,948 2,820 Amortization of acquisition intangibles 4,684 1,800 Share-based compensation 4,113 2,915 Senior leadership transition and organizational realignment costs(1) 196 659 ERP implementation costs (2) 999 - Marine Products transaction costs (3) 15,249 - Impairments(4) 10,050 - Inventory step-up(5) 2,556 - Adjusted Net Income before income taxes 39,194$ 18,909$ Adjusted income tax expense (6) 9,014 3,782 Adjusted Net Income 30,180$ 15,127$ Adjusted Net Income per common share Basic $1.76 $0.92 Diluted $1.76 $0.92 Weighted average shares used for the computation of: (7) Basic Adjusted net income per share 17,162,850 16,428,485 Diluted Adjusted net income per share 17,162,850 16,525,773
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17Fiscal Fourth Quarter & 2026 Results Fourth Quarter Adjusted Net Income Per Share Reconciliation The following table sets forth a reconciliation of income (loss) from continuing operations per diluted share as determined in accordance with U.S. GAAP to adjusted net income per diluted share for the periods indicated: Q4 FY26 Q4 FY25 Income (loss) from continuing operations per diluted share (0.35)$ 0.33$ Impact of adjustments: Income tax expense 0.06 0.08 Amortization of acquisition intangibles 0.16 0.03 Share-based compensation 0.07 0.05 Senior leadership transition and organizational realignment costs(1) - 0.01 ERP implementation costs (2) 0.01 - Marine Products transaction costs (3) 0.29 - Impairments(4) 0.50 - Inventory step-up(5) 0.13 - Adjusted Net Income per diluted share before income taxes 0.87$ 0.50$ Impact of adjusted income tax expense on net income per diluted share before income taxes(6) (0.20) (0.10) Adjusted Net Income per diluted share 0.67$ 0.40$ 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as one-time severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with the transitions.| 2 Represents consulting costs related to the implementation of our enterprise resource planning system. | 3 Represents non-recurring third-party business development, consulting and legal costs and debt extinguishment costs related to the Marine Products Transaction. | 4 Represents non-cash charges recorded in our Leisure segment for impairment of other intangible assets. | 5 Represents an inventory step-up charge related to the Marine Products Transaction. | 6 Reflects income tax expense at a tax rate of 23.0% for 2026, and 20.0% for 2025.
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18Fiscal Fourth Quarter & 2026 Results Fiscal Year Adjusted Net Income Per Share Reconciliation The following table sets forth a reconciliation of income (loss) from continuing operations per diluted share as determined in accordance with U.S. GAAP to adjusted net income per diluted share for the periods indicated: 1 Represents amounts paid for legal fees and recruiting costs associated with the CEO and CFO transitions, as well as one-time severance costs incurred as part of the Company’s strategic organizational realignment undertaken in connection with the transitions.| 2 Represents consulting costs related to the implementation of our enterprise resource planning system. | 3 Represents non-recurring third-party business development, consulting and legal costs and debt extinguishment costs related to the Marine Products Transaction. | 4 Represents non-cash charges recorded in our Leisure segment for impairment of other intangible assets. | 5 Represents an inventory step-up charge related to the Marine Products Transaction. | 6 Reflects income tax expense at a tax rate of 23.0% for 2026, and 20.0% for 2025. FY26 FY25 Income (loss) from continuing operations per diluted share (0.09)$ 0.65$ Impact of adjustments: Income tax expense 0.17 0.17 Amortization of acquisition intangibles 0.27 0.11 Share-based compensation 0.24 0.18 Senior leadership transition and organizational realignment costs(1) 0.01 0.04 ERP implementation costs (2) 0.06 - Marine Products transaction costs (3) 0.89 - Impairments(4) 0.59 - Inventory step-up(5) 0.15 - Adjusted Net Income per diluted share before income taxes 2.29$ 1.15$ Impact of adjusted income tax expense on net income per diluted share before income taxes(6) (0.53) (0.23) Adjusted Net Income per diluted share 1.76$ 0.92$
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19Fiscal Fourth Quarter & 2026 Results Fiscal Year Free Cash Flow Reconciliation The following table presents the reconciliation of net cash flow by operating activities of continuing operations to Free Cash Flow for the periods presented: ($ in thousands) FY26 FY25 Net cash provided by operating activities of continuing operations 30,404$ 38,222$ Less: Purchases of property, plant and equipment (8,124) (9,198) Free cash flow 22,280$ 29,024$