#1FOLARIE FOX FACTORY INVESTOR PRESENTATION | Q2 2022 RIDEFOX MAXXI#2FOX FACTORY SAFE HARBOR STATEMENT This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. This presentation contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," ‘might,' "will," "would,” "should," "expect," “plan, "anticipate, "could," "intend," "target," "project," "contemplate," "believe," "estimate,” “predict," "likely," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. 66 " " " " " " " " These forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, future economic or market conditions and the other risks and uncertainties described in "Risk Factors" contained in the Company's Annual Report on Form 10-K or Quarterly Reports on Form 10-Q or otherwise described in the Company's other filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this presentation. Nothing in this presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no duty to update these forward-looking statements. This presentation contains certain non-GAAP financial measures determined by methods other than in accordance with generally accepted accounting principles ("GAAP"). We use non-GAAP financial measures, including “Adjusted EBITDA,” as useful measures of the Company's core operating performance and trends and period-to-period comparisons of the Company's core business. These non-GAAP financial measures have limitations as analytical tools and should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the appendix to this presentation.#3WHY WE EXIST Our purpose is to challenge the impossible and lead in the never-ending pursuit of maximum performance ट SMIHITO 3 13 FOX FACTORY#4RAD FOX FACTORY WHO WE ARE A global, purpose-led organization built on our CORE values LEADERSHIP COLLABORATION TRUST AGILITY SERVICE INGENUITY RID FOX FACTORY#514 OK FOX PASSIONATE ENTHUSIASTS A company built with passionate enthusiasts 3338 Track FOX FACTORY#6TON JUSTINLOFTON41- WHAT WE YOKOHAMA YOKOHAMA DO 4DX Deliver race proven products through performance defining technologies Farco AHBEEF Dere YOKOHAMA SCORE METHOD RACE WH FOX FACTORY#7CONSUMER BASE PRO ULTRA ENTHUSIAST WEEKEND WARRIOR PERFORMANCE ENTHUSIAST GENERAL CONSUMER Core Consumer Base Continue to capture a greater share of the Performance Enthusiast and General Consumer Markets НС ИОБУД Voor#8ASPIRATIONAL BRAND LOF TON FOXK MUSICAM PROFESSIONAL ATHLETES Demand the best product for a competitive edge WEEKEND WARRIORS AND ENTHUSIASTS Look for the same performance as the professional athletes they admire DIEHARD BRAND EVANGELISTS A brand that fans truly love Xx FOX YOKOHAMA METHOD RACE WHCALS Fx FOXFACTORY#9CONSUMER CONNECTION FOX FOX fox o ridefoxbike Ridgeline Trail 2/2 07 Liked by like_the_wheel and thousands of others Σ fox We CAN'T get enough of watching the Live Valve suspended truck from @justinlofton41 dance over whoops at 100mph... more View all 95 comments justinlofton41 Never get tired of watching it G Ü Liked by like_the_wheel and thousands of others ridefoxbike That feeling when you realize 2020 is finally hehind you more ☐ MENU BIKE HOME FORKS SHOCKS SEATPOSTS TECH HELP SERVICE REGISTER SHOP APPAREL DIALED ALE DAILY BEHIND THE SCENES COVERAGE OF EVERY UCI WORLD CUP MTB DOWN HILL EVENT 57 LATEST EPISODE WATCH TRAILER Mac-044 CAL SEASON 3 SEASON 2 SEASON 1 WATCH THE LATEST EPISODE F DIALED $3-EP42: The end of Season 3 in Snowshoe | FOX YED KENDA 三 Watch later Share 1/150 FOX V-Class V-Class EO R RS S DIAL YOUR SUSPENSION DIAL YOUR GEAR MTB ke HOFFEE SANTAC FOX FACTORY#107849 SPECIALTY SPORTS GROUP (SSG) FOX FOX FACTORY#11THIRTY EIGHT ORIGINAL EQUIPMENT cannondale CANYON LAPIERRE ROCKY MOUNTAIN CUBE GIANT MERIDA PIVOT CYCLES 5 SCOTT SPECIALIZED TREK YETI LAHB CUSTOMER LANDSCAPE AFTERMARKET backcountry COMPETITIVE CYCLIST FANATIK BIKE CO. BIKE bling FOR EVERY CYCLIST BRANDS 1954 CYCLE & FITNESS JENSON WORLDWIDECYCLERY FOX FACTORY#12PORTFOLIO OF PERFORMANCE DEFINING PRODUCTS FOX FACTORY Outside bikeradar Our rating ✶✶✶✶✶4.5 MARZOCCHI Z1 COIL A great performing, big-hit- swallowing fork at a relatively reasonable price. Comfortable, big-hit capable and stiff; out- performs many more- expensive forks; swallows bigger bumps with less feedback than its RockShox Yari rival. - Bike Radar 2020 UVITALMTB AUDIENCE SURVEY RACEPACE *1 STEM TO BUY #1 STEM TO BUY BOMBER LA EASTON EC90AX - BEST GRAVEL WHEELSET FOX RACEFACE EASTON CYCLING marzocchi CZA S FOX 298 VITALMTB BEDIENCE SURVEY TRUE FACTORY FOSE TO 3300 VITALMTB AUDIENCE SEREY PAX SACTORY TO BUY #1 SUSPENSION FORK & REAR SHOCK 12#13GROWTH OPPORTUNITIES and WHITE SPACE AWL MARKET EXPANSION EMERGING SEGMENTS INNOVATIVE COMPONENTS INTEGRATIVE SYSTEMS AFTER SALE SERVICES FOX Forks and Suspensions market expansion through new segments and price point management Components market penetration through strategic OEM relationships Evolution of Value Chain integration e.g., Live Valve integrated with crank sensor, bundling of components After-sale Services expansion through loyalty relationships and expanded life-time value relationships FOX FACTORY®#14Q2. SSG SALES Solid growth in existing premium mountain bike product lines coupled with product line expansion has enabled FOX to historically meet or exceed its mid to high single digit long term growth target $579 $367 اس $282 $300 2018 2019 2020 58% FY'21 Growth *$ IN MILLIONS 27% 3-Year CAGR 2021 $257 $348 Q2'21 YTD Q2'22 YTD 36% FY'22 YTD Growth FOX FACTORY#15FTON41 POWERED VEHICLES YOK GROUP (PVG) METHOD RACE WHEELS FOX That Lin AHBEEF YOKOHAMA SCORE METHOD RACE WH FOX FACTORY#16ORIGINAL EQUIPMENT ARCTIC CAT BRP SHARE OUR PASSION." Ford H HONDA Indian MOTORCYCLE FOX JKS Jeep FIX FACTORY Jeep TRIUMPH T ☑ JOHN DEERE CUSTOMER LANDSCAPE AFTERMARKET WHEEL PARTS meyer DISTRIBUTING ΤΟΥΟΤΑ Kawasaki POLARISⓇ → YAMAHA COGNITO KAR TEK OFF ROAD POLYPERFORMANCE PREMIER PERFORMANCE PRODUCTS DISTRIBUTION Keystone Automotive Operations, Inc. ROUSH PERFORMANCE FOX FACTORY#17GROWTH OPPORTUNITIES and WHITE SPACE SIGNIFICANT PENETRATION TRUCK & SUV GROWING PENETRATION ADDITIONAL OPPORTUNITIES OFF-ROAD UTV ATV OEM market expansion through newer platforms biding and product innovation UPFITTING STREET PERFORMANCE DEFENSE COMMERCIAL RU RV SNOW Upfitting market expansion through increased number of dealership relations/trucks sold per dealership Military market expansion through dedicated facility operations in Southern California Continue to explore ways to penetrate markets for commercial trucking/RVs FOX FACTORY®#18Q2. PVG SALES Strong growth in Power Off-Road capable On-Road markets further strengthened by Off-Road sport / recreational markets and acquisitions has enabled FOX to exceed our low double-digit long-term growth target $720 $524 $451 اس $337 2018 2019 2020 2021 *$ IN MILLIONS $352 $437 Q2'21 YTD Q2'22 YTD 37% FY'21 Growth 29% 3-Year CAGR 24% FY'22 YTD Growth FOX FACTORY#19FINANCIAL REVIEW FOX FACTORY#20FINANCIAL HIGHLIGHTS FY'20 $891M FY'21 Sales Q2'21 YTD $609M Q2'22 YTD $785M $1,299M +46% +29% Adjusted EBITDA* FY'20 $176M FY'21 $264M Q2'21 YTD $130M Q2'22 YTD $160M +50% +23% *FOX defines adjusted EBITDA as net income adjusted for interest expense, net other expense, income taxes, amortization of purchased intangibles, depreciation, stock-based compensation, offering expense, strategic transformation costs, contingent consideration valuation adjustments, acquisition-related compensation expense, litigation-related costs, and certain other acquisition-related costs that are more fully described in the appendix. FOX FACTORY®#21SALES GROWTH Consistent sales growth fueled by product leadership and new markets Consolidated $891 $751 $619 2018 2019 2020 28% 3-Year CAGR *S IN MILLIONS $1,299 2021 Major Markets 2021 Q2'22 TTM $785 $609 PVG 55% SSG 45% PVG 55% SSG 45% Q2'21 YTD Q2'22 YTD 46% FY'21 Growth 29% FY'22 YTD Growth 29% PVG 3-Year CAGR 27% SSG 3-Year CAGR FOX FACTORY#22ORIGINAL EQUIPMENT & AFTERMARKET SEGMENTS Leveraging aftermarket strength to drive OEM spec growth and expand customer base AM 45% AM 44% OEM 55% OEM 56% 2021 Q2'22 TTM FOX typically enters new markets in the AFTERMARKET CHANNEL to drive end-consumer adoption and brand value, which often leads to OEM spec wins Focused on maintaining a healthy balance between the two channels to sustain LONG-TERM GROWTH and COMPETITIVE ADVANTAGE FOX FACTORY#23PROFITABILITY Improving profitability through strategic initiatives $146 $125 EBITDA $176 $264 *$ IN MILLIONS 2018 2019 2020 2021 28% 3-Year CAGR HIGHLIGHTS $130 $160 Q2'21 YTD Q2'22 YTD Opportunity exists to achieve sustainable Adjusted EBITDA Margins in excess of 20% over the next few years through continued improvement initiatives Initiatives Include: Powered Vehicle manufacturing and R&D platform expansion and supply chain optimization in North America Other process-related efficiency initiatives including a new ERP system Further optimizing bike production in Taichung, Taiwan facility 50% Growth 20.3% Margin 23% FY'22 YTD Growth FY'21 Adjusted EBITDA NOTE: See appendix for reconciliation of Adjusted EBITDA to its most comparable GAAP measure. FOX FACTORY#24SOLID LIQUIDITY & CASH GENERATION Positive cash flow from operations provides additional flexibility Flexibility on Capital Allocation Net LEVERAGE RATIO(¹) 1.2x <=3.0x Q2'22 YTD Long Term (1) Net leverage ratio is calculated using debt, less cash, to trailing 12-month adjusted EBITDA, including pro forma for recent acquisitions. Positive Cash Flow Operating Cash Flow Less: Capex 2021 ($millions) Free Cash Flow $10 $55 $65 $- $10 $20 $30 $40 $50 $60 $70 Expected long-term annual capex target of ~3.0%-5.0% of sales. FOX FACTORY#25PROFITABILITY Profitable business model provides further growth opportunities or leverage reduction STRONG CASH POSITION & CREDIT FACILITY CASH MANAGEMENT OTHER USES Cash position along with capacity on revolver provides adequate near-term liquidity Focused on imperative operational and strategic initiatives Leveraging the lessons learned during pandemic to improve our cash management moving forward M&A screen for possible future acquisitions FOX FACTORY#26FUTURE GROWTH Sustainable competitive advantage to enable future growth Aspirational Brand A Company of Passionate Enthusiasts Innovative Technologies: Performance Defining Products Organic and Adjacent Growth Opportunities Diversity of Applications & Markets Proven Track Record of Financial Success#27APPENDIX LOF TON PARNICAM YOKOHAMA prox METHOD FAX FOX FACTORY#28ADJUSTED EBITDA RECONCILIATION Fiscal Year Year To Date ($ in Millions) 2018 2019 2020 2021 Q2'21 Q2'22 Net Income $85.4 $94.5 $91.7 $163.8 $82.3 $101.5 Provision for Income Taxes 5.5 14.1 12.8 24.6 10.8 14.9 Depreciation & Amortization 14.2 17.6 33.9 43.4 21.0 24.4 Stock-Based Compensation 7.3 6.9 8.6 13.9 5.9 7.1 Patent Litigation Related Expenses 7.2 4.4 2.0 0.8 0.5 0.2 Other Acquisition and Integration Related Expenses (1) 0.9 2.7 14.9 5.5 2.8 1.2 Strategic Transformation Costs (2) 1.7 2.8 3.4 1.3 2.3 Tax reform implementation costs Interest and Other Expense, Net 0.5 0.2 3.6 4.1 9.6 8.5 5.5 8.2 Adjusted EBITDA $124.6 $146.2 $176.3 $263.9 $130.1 $159.9 Divided by Sales $619.2 $751.0 Adjusted EBITDA margin 20.1% 19.5% $890.6 19.8% $1,299.1 $609.3 $784.7 20.3% 21.3% 20.4% (1) Represents various acquisition-related costs and expenses incurred to integrate acquired entities into the Company's operations, excluding $114 in stock- based compensation for the six month period ended July 1, 2022, and $161 and $321 of stock-based compensation for the three and six month periods ended July 2, 2021, respectively. (2) Represents costs associated with various strategic initiatives including the expansion of the Powered Vehicles Group's manufacturing operations. For the three and six month periods ended July 1, 2022, $663 and $2,339 is classified as costs of sales, respectively. For the three and six month periods ended July 2, 2021, $781 and $1,289 is classified as cost of sales, respectively. *Amounts may not foot due to rounding. ** Footnote amounts are in thousands FOX FACTORY#29THANK YOU RIDEFOX.COM WE'RE NEVER DONE #RIDE JA FOX FACTORY