Slide 1: Third Quarter 2022 Supplemental Earnings Information
Exnbe 99.3 Holley Third Quarter 2022 Supplemental Earnings Information November 14, 2022
Slide 2: Disclaimer
DISCLAIMER Holicy Certain statements in this presentation may be considered “forward-looking statements” within the meaning of the “safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Holley’s
Slide 3: Supplemental Demand Indicator: DTC Growth Remains Consistent
SUPPLEMENTAL DEMAND INDICATOR: DTC!GROWTH REMAINS CONSISTENT Holley Year-over-Year DTC Sales Growth 20% fa Strong DTC sales growth despite impacts of supply chain constraints = DTC sales show continued growth in 2022 with 17.4% YTD growth vs 2021
Slide 4: Monthly Sales Cadence
MONTHLY SALES CADENCE Holley Monthly Net Sales YTD Net Sales re sven epee Improving sales cadence during the third quarter, highlighted by 31% growth year-over-year for September sales as supply chain pressures ease in August and September = Year to date sales remain resilient through a challenging
Slide 5: Net Sales Weekly Run-Rates
NET SALES WEEKLY RUN-RATES Holley Net Sales Run-Rate ($ Millions) s149 sia seas S137 st12 : | Aon May ne sy ‘August ‘Sepember = Supply chain pressures peaked in July and began to ease in August and September supporting progressively higher sales run-rates
Slide 6: Excess Past Due Orders
EXCESS PAST DUE ORDERS Holley Sinmillione Excess Past Due Orders ($ Millions) S208 = Made meaningful progress on excess past-due orders (EPDO’) later in the quarter as supply chain pressures eased = Supply chain challenges the key driver of the elevated EPDO
Slide 7: Balance Sheet & Liquidity
BALANCE SHEET & LIQUIDITY Holley + Liquidity of over $140 million = $16.6 million in cash = Undrawn revolving credit facility = Net Leverage Ratio" of ~4.3x = No meaningful maturities until 2028 = >5.0x net leverage covenant with pro forma credit for adjustments to TTM EBITDA made for expected syner
Slide 8: Additional Financial Information
Holley Additional Financial Information
Slide 9: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Holley Seriacome Cony Adjatments Interest Expeme Depresition Acquistion and Resrscaing Coss En-Ou fom Sempsca Acqusiion Impairment of ladcfnse Lived ntangbe Ass ‘Change in Fat Vane of EarrOat ibility {Low on Ealy Exingnsbment of Debt Flac Pry Aceon dapat