Investor Presentation April 2022
Reconciliation 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
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