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
23View entire presentation