Investor Presentation April 2022 slide image

Investor Presentation April 2022

7 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
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