#1Holla 95 FORGE SO MAKERS Holley INVESTOR PRESENTATION April 2022 / Confidential#2Disclaimer Disclosures Holley Inc. ("Holley" or the "Company") has filed a registration statement on Form S-1 (including a preliminary prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this presentation relates. Before you invest, you should read the preliminary prospectus and the other documents Holley files with the SEC for more complete information about Holley and this offering. You can obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The information in this presentation is current only as of the date of this presentation and may have changed. We undertake no obligation to update any such information in light of new information, future events or otherwise. Forward-Looking Statements Certain statements made in this presentation are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Holley's control that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date of this presentation. Holley assumes no obligation to update or revise any such forward-looking statements except as required by law. Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of the recently completed business combination; costs related to the recently completed business combination; Holley's ability to manage growth; Holley's ability to execute its business plan and meet its projections; potential litigation involving Holley; changes in applicable laws or regulations; the possibility that Holley may be adversely affected by other economic, business, and competitive factors; the impact of the continuing COVID-19 pandemic on Holley's business as well as those factors described in the "Risk Factors" section of our filings with the SEC. Non-GAAP Financial Measures This Presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP") including, but not limited to, Pro Forma Adjusted EBITDA, EBITDA, Pro Forma Free Cash Flow, Pro Forma Net Sales, Gross Profit, Pro Forma Net Leverage and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing Holley's financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that Holley's presentation of these measures may not be comparable to similarly-titled measures used by other companies. Holley believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Holley's financial condition and results of operations. Holley believes that the use of these non- GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in and in comparing Holley's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. The Appendix to this Presentation provides all non-GAAP measures and reconciliations of these non-GAAP measures to the corresponding most closely related GAAP measures. Industry and Market Data In this Presentation, the Company relies on and refers to certain information and statistics obtained from third-party sources which it believes to be reliable. Holley has not independently verified the accuracy or completeness of any such third-party information. Holley 1#3Offering Summary Issuer Ticker / Exchange Common Stock Offered Holley, Inc. "HLLY" / NYSE Up to $75m (100% Secondary) Over-Allotment Option Use of Proceeds Selling Stockholders 15% (100% Secondary) No proceeds to Holley from the sale of secondary shares Holley Parent Holdings, LLC, an affiliate of Sentinel Capital Partners, L.L.C. Lock-Up 90 days Expected Pricing Active Bookrunners Wednesday April 20th, 2022 Jefferies, J.P. Morgan, Bank of America Holley 2#4Today's Presenters Tom Tomlinson President and Chief Executive Officer Dominic Bardos Chief Financial Officer Sean Crawford Chief Marketing Officer Vinny Nimmagadda EVP, Corporate Development & New Ventures President & CEO of Holley since 2009/CFO from 2003 - 2009 Chief Marketing Officer since 2020 Chief Financial Officer since 2021 35 years of financial and business experience 30+ years of global finance and accounting experience Previous Experience ~20 years of automotive aftermarket industry experience Previous Experience Holley 19 Years of Holley Experience Holley TSC TRACTOR SUPPLY CO ServiceMaster. CAMBRIDGE FRANCHISE HOLDINGS, LLC Joined Holley family in 2021 as EVP of Corporate Development & New Ventures 8+ years of finance and investment banking experience BRANDS Previous Experience Jefferies BB&T PISTONS RACE WINNING PMI PERFORMANCE MOTORSPORTS INT 3#5Spreestech Speak DA www. O FUR HAVER MBRP 25 やっぱ A Hobey 10 329 BEECH BE IR Holley MSD WHOLLEY.CO Holley MOPRE#6Holle BARCARD R Cord MAHLE PROJECT LISTEN LIL ULTIMATE ENTHUSIAST PLATFORM BRONCO 67#7An Industry Leader ~$692M of net sales in 2021 Holley A leading and fast-growing platform for automotive enthusiasts... 2-3x Annual revenue of nearest competitor Market Leading Brands #1 or #2 market position measured by social media engagement New Product Development Engine ~35% of 2021 gross sales from products introduced since 2016 ~42% DTC Powerhouse $117M organic CAGR in 2021 DTC sales DTC from 2014 - 2021 16 acquisitions completed since 2014 Proven M&A Platform $35M+ Strong Financial Profile ~25% 91% in growth and cost synergies since 2014 2021 Adj. EBITDA Margin Adj. EBITDA less CapEx conversion (1) ... reaching consumers with iconic brands, continuous product innovation and a powerful distribution network Source: Third-party report by a market leading consulting firm, 2020. 1) Conversion defined as Adj. EBITDA less CapEx divided by Adj. EBITDA. Honey#8QAI We Are the Disrupters in the Performance Aftermarket Core Focus Holley We focus on our consumers Consumer Engagement Channel Strategy B656ST Holley NMRA Drag Racing Holley Direct digital and experiential engagement with enthusiasts DTC strategy is core to what we do Product Innovation Inspired by consumer wants and desires Scale ~$692M of net sales Transforming the sector with a consumer-first approach driven by innovation 7#9Holley is a Community-Building & Content-Creation Machine for Enthusiasts Nolley Personalizing the Digital Experience f Building the "Holley Tribe" Directly Engaging Enthusiasts (Attendees in thousands) ~37% CAGR 93 Лилага 12062 BUSSE EBORE - 20.5m sessions on Holley.com 3.0M+ followers across social media platforms 14 2015 2021 Events are rooted in popular engine and car platforms and drive extensive media coverage Holleys LS Fest We have grown our Disc fannel to 47% of company sales with a since 2014(1) Source: Third-party report by a market leading consulting firm, 2020. 1) DTC channel growth calculated using total DTC sales for 2021 ($117m) divided by total gross sales ($692m). Holley ENGEANCE DRISE Holley MOPARTY 8#10Holley We Are a Performance Aftermarket Powerhouse & Category Innovator We are a leader in all of our major categories: ✓ Electronic Fuel Injection ✓ Electronic Tuning ✓ Carburetor Electronic Ignition Exhaust ✓ Safety Brands for Every Enthusiast Holley Ef Holley SNIPEREFI MSD ARANGE TECHNOLOGY MR. FLOWMASTER Stilo ODINAN CO GASKET SPEED, INC Superchips DIABLOSPORT. GASOLINE AND DIESEL TUNING SYSTEMS RACE K HOOKER BLACK LART Holley SIMPSON ACCEL We are a market leader in our core product segments of the performance aftermarket and are continuously striving to expand into attractive adjacencies Q2 2021 EM PERFORMANCE ELECTRONICS EV Conversions Q4 2021 Коскет BROTHERS Wheels & Accessories Q4 2021 ADS Racing Shocks Off-Road Shocks Q4 2021 DRAKE BAERE Performance Brakes#11...While Providing Products for the Entire Enthusiast Build Performance enthusiasts can spend upwards of $7,000 on Holley products over the course of a multi-year project... Classic Vehicles Modern Vehicles Trucks Race Vehicles Electronics MSD Exhaust Fuel / Intake HOOKER Holley Holley EFI Electronic Tuning ~$700 Ignition Kit DIABLOSPORT ~$1,000 Exhaust System ~$450 Carburetor Exhaust Air Intake HAHU U TUHH SYS HOOKER BLACKHEART ~$600 Engine Tuner Electronic Tuning/ Digital Instrumentation EDGE Exhaust ~$2,000 Exhaust System HOOKER. BLACKHEART ~$300-$600 Tuning Device ~$600-$2,000 Exhaust System EFI and Fuel Pump Holley EFI Headers HOOKER BLACKHEART 四腐 ~$500-$5,000 Electronics Systems ~$750-$2,000 Racing Headers Brakes ~$2,500 EFI Kit Holicy INTECH ~$250 Cold Air Intake BAERE Expansive product offering at varying price points enables unique enthusiast journeys Platform approach to vehicles and continuous new product development provides multiple enthusiast touchpoints ~$3,600 Front Brake Systems Forced Induction or Nos SON WEIAND ~$500-$8,000 NOS Each Holley acquisition compounds touchpoint opportunities through greater category depth or TAM expansion ...with Holley's iconic brands and extensive product offerings enabling the enthusiast's journey and fostering customer loyalty Note: Classics defined as 25-years old and older, modern vehicles are less than 25-years old. Illustrative customer journey based on select Holley product offerings. Source: Company site. Holley 10#12BRONGO PROJECT TECHFO ® 67 MURHLE Ford MBRP K& CENTERLINE INVESTOR HIGHLIGHTS O Holley#13LLET Holley 324 PERFO Key Investor Highlights 1 Large base of passionate and highly engaged enthusiast consumers with attractive demographics 2 3 4 $36B U.S. market with decades of strong growth Powerhouse of product innovation with iconic brands driving long-term growth Proven performance aftermarket consolidator with a robust M&A pipeline 5 Transformational digital and DTC opportunity 6 Experienced team with a track record of execution 7 Flexible operating model with attractive growth, margins, and cash flow Source: SEMA data; Performance aftermarket based on select accessories, performance engines, exhaust, wheels, tires, brakes, and suspension categories. 12#141 Large Base of Passionate, Highly-Engaged Enthusiasts with Attractive Demographics 82% of all enthusiasts consider budgets on parts recurring expenses 76% of Holley consumers are aged 45 or younger vs 46% of the general population 57% of Holley consumers own a car produced in 2010 or later Our Consumers Are Passionate About Their Cars, Trucks and Jeeps Enthusiasts Feel a Need for Personalization and Performance Our Consumers Have Highly Compelling Attributes 64% of Holley consumers frequently trade-in their cars and trucks to begin new personalized vehicle builds 30% of Holley consumers are female IS 154% T of Holley consumers earn >$75k annual income vs 43% in the general population 72% of enthusiasts own more than one car, perpetuating their strong engagement Source: Third-party report by a market leading consulting firm, 2020. Holley 13#152 $36B U.S. Market with Decades of Strong Growth... The Performance Automotive Aftermarket Shows No Signs of Slowing Down (industry revenue in $ billions) ~$1.4B expansion during Great Recession 6.5% 20-year CAGR $36 $34 $32 $30 $28 $26 2007-2010 CAGR: 3% $23 $20 $16 $16 $17 $17 $18 $18 $19 $15 $13 $11 $11 $12 ין 2001 2002 2003 2004 2005 2006 I 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Representing One of the Largest Enthusiast Markets (number of U.S. participants) ~150M ~64M ~50M ~48M ~19M ~13M ~4M Camping Skiing Golf Surfing Pets chewy BARK-BOX trupanion™ Fitness BARRY'S CrossFit PELOTON pure barre Car & Truck Enthusiasts Holley HAGERTY FOX KREI patagonia ATOMIC L BURTON SPORTS. VAIL RESORTS EXPERIENCE SEALIFISTINE Callaway GOLF CLUBCORP Titleist BILLABONG ONEILL SOULCYCLE ARC'TERYX TOPGOLF Source: SEMA data; Performance aftermarket based on select accessories, performance engines, exhaust, wheels, tires, brakes, and suspension categories; 2021 Outdoor Participation Trends Report; National Golf Foundation (number of on-course golfers); Fitness Industry Market Report; 2020-2021 APPA National Pet Owners Survey. Holley QUIKSILVER 14#162 Providing Substantial Room To Grow In Our Market A leader in our current categories, and well-positioned to expand into the broader performance automotive aftermarket U.S. Addressable Performance Aftermarket By Product Group (2020 revenue in $ billions) A Market Leader Electronic Fuel Injection Electronic Tuning Electronic Ignition Growing Presence Electronic Fuel Pumps Electronic Control Units " Forced Induction " Cooling Systems ■ Data Acquisition Systems " Other Engine Parts Ample Runway for Continued Growth " ■ Wheels and Tires Suspension, Steering and Chassis Drivetrain Parts Other Aftermarket Parts $27B $36B Carburetors Safety Solutions Exhaust $4B $5B PERFORMANCE ELECTRONICS Rocker ADS Racing Shocks BROTHERS BAER Core engine and safety products Other engine products Other aftermarket parts Total performance aftermarket Source: SEMA data; Performance aftermarket based on select accessories, performance engines, exhaust, wheels, tires, brakes, and suspension categories. Holley 15#173 Powerhouse of Innovation with Iconic Brands Driving Long-Term Growth... We constantly invest in our product pipeline to meet performance enthusiasts' needs and the results speak for themselves - new categories are our growth drivers of tomorrow >150 ~$18M ~1,300 Dedicated engineers Product Categories Average annual spend on R&D since 2016 New products introduced in 2021 $86M $17 $17 $49 $3 2010 Note: Classics defined as 25-years old and older, modern vehicles are less than 25-years old. Holley ~$692M $66 $63 $77 $162 ■Safety ■ Other / Accessories ■ Exhaust 3 Recent category entries (EV, wheels/suspension, safety) Vintages Served ~$692M $69 $277 ■ Vehicle Agnostic ■Modern $86M ■Mechanical Systems $15 ■Classic $325 $346 ■Electronics $71 2021 2010 2021 16#18WATER TEMP 240 3. ...and New Products Expanding Our EV Presence Substantial expertise in electronic control systems Demonstrated success in modern powertrain conversions AM Holley Engineered to Outperform Deep understanding of performance enthusiast customers We have the scale & expertise to meaningfully attack performance EV 3 2 Our demonstrated product development expertise uniquely positions us to seize the EV opportunity even if meaningful EV penetration of the car parc will take years % U.S. Total Vehicles in Operation by Powertrain (2020-35) 0.4% 0.5% 0.7% 0.9% 1.3% 1.8% 2.4% 3.2% 4.0% 5.0% 6.1% 13.7% AFR 120 3.6 PRESS 7 RENT LAP : 330 99.6% 99.5% 99.3% 99.1% 98.7% 98.2% 97.6% 96.8% 96.0% 95.0% 93.9% 86.3% 2020 2021E 2022E 2023E 2024E 2025E 2026E Non-EV 2027E 2028E 2029E 2030E 2035E EV Source: Third-party report by a market leading consulting firm, 2021 17#194 Proven Acquisition Platform With A Robust M&A Pipeline Powerful Acquisition Platform Proven Integration Expertise Robust Pipeline of Targets 16 acquisitions executed since 2014 Focused on Highly Synergistic platform acquisitions Source: Company filings; management estimates. BRICKY $35M+ T Highly Accretive growth and cost savings synergies realized since 2014 driven by exceptional cost discipline and ability to integrate new systems Numerous active discussions with actionable targets Hundreds of potential targets in a fragmented industry NEW Enter New Product Categories AAA Increase DTC Scale and Connection Focused Strategy CE Expand Share in Current Categories Consolidate the Consolidators CA Cross-Sell All Brands 18#204 Established Integration Playbook Drives Value Accretion Holley Portfolio DPB DRIVEN PERFORMANCE BRANDS (2018) Electric Powertrains PERFORMANCE ELECTRONICS (2021) Fuel Management RANGE TECHNOLOGY (2019) Appearance Parts DRAKÉ AUTOMOTIVE CROUP (2020) Safety SIMPSON (2020) Suspension Debron SPEED, INC. (2020) Brakes BAERA (2021) Wheels Коскет RACING WHEELS (2021) Appearance Parts BROTHERS (2021) Off-Road Shocks ADS Racing Shocks (2021) Recent Enthusiast-Driven Acquisitions in Highly Strategic Categories ANEM PERFORMANCE ELECTRONICS April 2021 EV and EV-Conversion Categories AEM is a leading developer and supplier of electronic control and monitoring systems for performance auto applications; enhancing our product offering and push into EV conversions / electronic control solutions Deal Economics (at Closing): Transaction Value: ~$51 million ADS BAERS Racing Shocks BROTHERS Коскет RACHHEELS Q4 2021 New Powertrain-Agnostic Categories Four acquisitions that add to the growing portfolio of categories such as brakes, suspension wheels and tires, as well as enhancing our offerings in trucks and SUVs. Deal Economics (at Closing): Transaction Value: ~$56 million 19#215 Transformational Digital and DTC Opportunity Holley DTC Creates Greater Visibility and Engagement with Enthusiast Consumers The Performance Aftermarket is Moving Online... Industry is seeing ongoing transformational shift to digital $23B ~12% Online CAGR $7B (32% of mkt.) $16B 2014 98 $36B $17B (48% of mkt.) NOW $19B 2021 Online Penetration in Performance Aftermarket Direct Channel Share of Performance Aftermarket ~40% Consumers expect to increase DTC spend and We are Well-Positioned to Continue Driving the Shift Online Our eCommerce business is growing ~3.5x faster than the market(1) $10M 2014 FLOW ~42% CAGR $117M ~$117M DTC sales 2021 2021 Source: Third-party report by a market leading consulting firm, 2020; SEMA data. 1) Comparing Holley DTC CAGR to total performance aftermarket CAGR. Holley 20 www.2 OC 20#226 Experienced Team With A Track Record Of Execution Tom Tomlinson President & Chief Executive Officer Dominic Bardos Chief Financial Officer Sean Crawford Chief Marketing Officer President & CEO of Holley since 2009 Prior to assuming his current role, he served as CFO since 2003 19 Years of Holley Experience Chief Financial Officer since 2021 30+ years of global finance and accounting experience Previous experience at Tractor Supply, ServiceMaster, and Cambridge Franchise Holdings Chief Marketing Officer since 2020 20 years of automotive industry experience under both private and public ownership Previous experience at Race Winning Brands and Performance Motorsports Vinny Nimmagadda EVP, Corporate Development & New Ventures Steve Trussell VP, Finance Jason Bruce VP, Business Development Joined Holley family in 2021 as EVP of corporate development & new ventures 8+ years of finance and investment banking experience in the automotive aftermarket Previous experience at Jefferies and BB&T VP of finance since 2009 Prior to assuming his current role, served as corporate controller since 2003 19 Years of Holley Experience Joined the Holley family in 1999 30+ years of experience in the performance automotive aftermarket Previous experience at Hooker Headers, Street Scene Equipment, and Advanced Flow Engineering Note: Represents selected team members. Holley 21#237 Proven, Efficient, and Flexible Operating Model Manufacturing/Distribution Manufactured vs. Sourced Products Continue to diversify supplier base and front-load inventory when deemed necessary Light Manufacturing & Assembly Costs 31% 38% Asset-light model with precision, high-speed manufacturing capabilities Best-Value Sourcing Model Finished Goods Sourced Complete Global & domestic support staff Modern, narrow aisle, high bay distribution center in Bowling Green, KY, the primary DTC distribution hub Best-Value Sourcing Model Holley leverages a "best-value sourcing" model to create operational flexibility and optimal responsiveness Qwer 31% Sourced Semi- Finished Goods Represents latest management estimate as of Q4 2020. Fixed vs. Variable Costs High variable COGS tol Low variable OpEx Diversified Manufacturing Model Diverse, global supplier network Distribution Expertise Automated Order Exceptional DTC Processing Fulfillment 16 Distribution Locations In-House Manufacturing and R&D 17 Facilities across the U.S. and Canada 15 R&D / engineering facilities designed to grow new product innovations Holley 22#247 Our Impressive Financial Profile Recent Trends ■2021 Reported Net Sales (GAAP) increased at a 37% CAGR to 693 million, up from $369 million in 2019 ■PF Net Sales increased at a CAGR of 26%(1) from 2019 to 2021 driven by growth in new product innovation and direct-to-consumer Adjusted EBITDA grew at a CAGR of 44% from 2019 to 2021 with margins expanding 230 bps over the period - The increase in Adj. EBITDA was driven by consistent sales growth, margin expansion, and accretive acquisitions ■ 2021 Adj. Net Income increased by 88% over 2020 ($Millions) Reported Net Sales $504 $369 FY19A Adj. Net Income $33 Steady Adj. EBITDA - Capex and conversion. of ~92% throughout the historical period Holley $1 FY19A Source: Company filings. $693 FY20A FY21A FY20A $62 FY21A Adj. EBITDA and Margin (%) $126 $82 $169 25.0% 24.5% 22.2% FY19A FY20A Adj. EBITDA less Capex and Conversion (%) (2) 116.7 FY21A $154.3 $74.4 91% 93% 91% FY19A FY20A Note: Capex ($15.2m in 2021) related to ongoing maintenance & improvements to information technology systems, tooling for new products, vehicles, for product development, and machinery and equipment for operations. 1) PF Net sales calculated as if Baer, Brothers, AEM, Drake, Simpson, and Detroit Speed had been acquired as of January 1, 2020. CAGR attributable to acquisitions. 2) Conversion defined as Adj. EBITDA less CapEx divided by Adj. EBITDA. FY21A 23#257 FQ4 2021 - 3 Months Ended 12/31/2021 We demonstrated strong top-line performance YoY through our iconic legacy brands and established integration playbook ($Millions) Net Sales $138 Gross Profit FQ4 2020 $55 FQ4 2020 30% CAGR $180 Adj. EBITDA $30 19% CAGR $36 FQ4 2021 FQ4 2020 FQ4 2021 Adj. EBITDA less Capex and Conversion(%) 37% CAGR $75 14% CAGR FQ4 2021 $28 91% FQ4 2020 Source: Company filings. Note: CAGRS include revenue attributable to acquisitions. Historical financials are pro forma for acquisitions, including Range Technologies (acquired October 2019), Drake (acquired November 2020), Simpson (acquired November 2020) and Detroit Speed (acquired December 2020). These numbers do not include the acquisitions of AEM, Arizona Desert Shocks, Baer Brakes, Brothers Trucks, and Rocket Racing Wheels. Holley $31 331 87% FQ4 2021 24#26⑦Q1 Preliminary Update Holley ($Millions) Net Sales Q1 Preliminary Estimates $199 - $200 Gross Profit $81 - $82 Net Income $16-$17 Adjusted EBITDA $45 - $46 25#27FUN HAVER MBRP OTELLA FUN-HAVER Holley's Growth Story Is Only Ramping Up Growing Wallet Share with Automotive Fanatics The aftermarket enthusiast demographic skews young, affluent, and sees part purchases as a recurring investment Bringing New Products & Categories To The "Holley Tribe" With over 120 years of history, Holley enthusiasts continue to purchase new products and categories Investing in the Future of Performance EV A deep understanding of enthusiasts' preferences and demonstrated product development expertise means growing EV penetration presents new, exciting opportunities Leveraging DTC Platform To Engage Enthusiasts We have pole-position in ramping sales and content creation as performance aftermarket eCommerce has accelerated; We expect to continue that growth in our high-margin, frequent-touchpoint channel Continuing to Build our Stable of Iconic Brands We are a proven integrator with dozens of additional identified targets representing new product categories, consolidation plays, and opportunities to gain wallet share within our enthusiast communities 26#28PANCHAVER NUNSTER Holley Ⓡ TH APPENDIX FACING FO IMPACT SIMPSON HACIN- B#29Reconciliation of GAAP Financial Measures ($Millions) Net Income Depreciation Amortization of Intangible Assets Interest Expense Income Tax expense (benefit) Reported EBITDA Notable Items Equity-based compensation expense Acquisition and restructuring costs Change in fair value of warrant liability Change in fair value of earn-out liability Loss on early extinguishment of debt Related party acquisition and management fees Other expense Adjusted EBITDA Net Income (loss) Change in fair value of warrant liability Change in fair value of earn-out liability Change in fair value of acquisition contingent consideration payable Loss on early extinguishment of debt Fees paid related to the Business Combination Adjusted Net Income Holley 2019 2019 Fiscal Year Ended December 31, 2020 2021 Quarter Ended December 31, 4Q20 4Q21 1Q22 Preliminary Update Low Range ($18) High Range $1 $33 ($27) $2 $16 $17 9 8 12 2 10 11 14 3 50 44 39 12 448 2 2 4 4 7 7 (5) 9 10 (1) 3 8 8 $65 $104 $48 $18 $1 $37 $38 7 4 11 2 1 1 15 0 0 5 0 10 24 4 33 15 9 2 14 12 225 231 23 2 12 2 4 1 6 26 3 2 1 3 $82 $126 $169 $30 1 $36 $45 $46 Fiscal Year Ended December 31, 2020 2021 Quarter Ended December 31, 4Q20 4Q21 $1 $33 ($27) $2 33 9 ($18) 15 2 17 11 10 20 $1 $33 $62 $2 $9 28#30ENGENCY DAMBLE TT PORT Ford BCW Holley GHTER H STOP STOP 29