Slide 1: Third Quarter 2025 Financial Results Call
Third Quarter 2025 Financial Results Call 1
Slide 2: Disclaimer
Disclaimer 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 future
Slide 3: Agenda
Agenda Presenter: Anthony Rozmus • Introductions & Forward-Looking Statements Investor Relations Matthew Stevenson • Results and Highlights President & CEO Jesse Weaver • Q3 Financial Results CFO Group • Q&A Matthew Stevenson • Outlook President & CEO 3
Slide 4: Results and Highlights
Results and Highlights Matthew Stevenson President and CEO 4 4
Slide 5: Highlights for Q3
Highlights for Q3 • Core business net sales growth of 6.4% in Q3, marking the third consecutive quarter of year- over-year growth as transformation efforts continue to drive strong result. • Year-to-date growth fueled primarily by ~4% volume gains, complemented by a ~1% benefit from pricing. • Brand
Slide 6: Q3 Financial Results & Ongoing Business Highlights
Q3 Financial Results & Ongoing Business Highlights 2025 Q3 Results Business Highlights Gross New Products Launched in Q3 Across Divisions Net Sales Margin Along with $138.4 M 43.2% many more! 6.4% vs. PY1 +422bps vs. PY Operational Excellence Q3 Adjusted Free +2.2% YOY Top 2,500 >$3MYOY Improvement
Slide 7: Q3 Growth in Divisions and Key Brands (Core Business)
Q3 Growth in Divisions and Key Brands (Core Business) 6.2% 5.2% 16.6% 6.0% Focusing resources & accountability is driving growth in power brands across divisions 7
Slide 8: Long Term Strategic Framework
Long Term Strategic Framework GREAT Place to Work Premier CONSUMER DELIVER Results Journey FUND the Growth Trailblazing Trusted PARTNER Product INNOVATION Transformational M&A & Portfolio Management GLOBAL Expansion & NEW Markets 8
Slide 9: Strategic Initiative Tracker | Q3 Wins
Strategic Initiative Tracker | Q3 Wins Pillar Key Metric Details • Enhanced product data adoption at key retailers drove $1.7M in new sales, boosting Trailblazing Trusted PARTNER + $13.5M YTD revenue by $3M. • Smaller accounts grew $2.4M YoY in Q3. Strong contributions from top-performing retailers
Slide 10: Q3 Financial Results
Q3 Financial Results Jesse Weaver Chief Financial Officer 10
Slide 11: Financial Priorities
Financial Priorities Proactively Leading in Uncertain Environment to Drive Shareholder Value RESTORE OPTIMIZE HISTORICAL PROFITABILITY WORKING CAPITAL • Target 40% GM & >20% Adj EBITDA • Actively managing portfolio to reduce inventory levels • Improving Manufacturing efficiency and asset on non-work
Slide 12: 3Q25 Key Metric Recap
3Q25 Key Metric Recap $ millions (except per share) 3Q25 3Q24 B/(W) Net Sales1 $138.4 $134.0 3.2% | 6.4%2 Gross Margin 43.2% 39.0% +422 bps SG&A (incl. R&D) $38.2 $34.7 $(3.5) Net Loss $(0.8) $(6.3) $5.5 Adj. Net Income (Loss)3 $3.3 $(0.5) $3.8 Adj. Diluted EPS3 $0.03 $(0.01) $0.04 Adj. EBITDA3 $27.
Slide 13: Free Cash Flow Generation
Free Cash Flow1 Generation Free Cash Flow Pre-M&A ($M) $9.7M excluding AP headwind of $7.9M $3.8M excluding AP headwind of $5.9M 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Year-over-Year improvement of $7.6M; Year-to-date Free Cash Flow of $30.3M 1) Non-GAAP measure.
Slide 14: Net Debt to EBITDA Leverage Ratio
Net Debt to EBITDA Leverage Ratio1 Net Leverage Ratio (Net Debt/TTM Covenant EBITDA) $ millions 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Revolver $0 $0 $0 $0 $0 $0 $0 $0 $0 Drawn Covenant Net $584.4 $553.4 $536.0 $515.3 $515.1 $511.8 $520.7 $508.2 $492.9 Debt Net Debt1 $573.3 $543.1 $526.4 $503.
Slide 15: Financial Guidance – Full Year 2025
FINANCIAL GUIDANCE – FULL YEAR 2025 Outlook ($ millions) Current FY25 Guidance Prior FY25 Guidance Original FY25 Guidance (including impact from tariffs) (including impact from tariffs) (excluding impact from tariffs) Net Sales $590 – $605 $580 – $595 $580 – $600 YOY Growth%1 2.5% - 5.1% 0.8% - 3.4%
Slide 16: Q&A
Q&A Matt Stevenson Jesse Weaver Chief Executive Officer Chief Financial Officer 16 16
Slide 17: Working Together to Drive Financial Success
Working Together to Drive Financial Success Large base of passionate and highly engaged enthusiast consumers with attractive demographics • Mid-Single Digit Massive $39B U.S. market with decades of uninterrupted growth1 Organic Top Line Growth Powerhouse of product innovation with iconic brands • ~4
Slide 18: Appendix
- Holle ey PERFORMANCE BRANDS
Slide 19: Interest Rate Collar #1 Feb 2023 to Feb 2026 Summary
Interest Rate Collar #1 Feb 2023 to Feb 2026 Summary Key Terms Effective Date 2/18/2023 Maturity Date 2/18/2026 Holley Inc. Buys a Cap 5.000% Holley Inc. Sells a Floor 2.811% Index 3 Month Term SOFR Premium Zero With the collar in place, YTD effective cash interest rate of ~7.9% 19
Slide 20: Interest Rate Collar #2 Feb 2026 to Nov 2028 Summary
Interest Rate Collar #2 Feb 2026 to Nov 2028 Summary Key Terms Effective Date 2/18/2026 Maturity Date 11/18/2028 Holley Inc. Buys a Cap 4.990% Holley Inc. Sells a Floor 3.350% Index 3 Month Term SOFR Premium Zero 20
Slide 21: TTM EBITDA and Adjusted EBITDA Reconciliation
TTM EBITDA and Adjusted EBITDA Reconciliation HOLLEY INC. and SUBSIDIARIES USE AND RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in millions) (Unaudited) TTM 4Q24 1Q25 2Q25 3Q25 Net Income (Loss) $ (23.2) $ (24.1) $ (30.4) $ (24.9) Adjustments: Depreciation 10.6 10.4 9.9 10.4 Amortization of intang
Slide 22: EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation
EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation HOLLEY INC. and SUBSIDIARIES USE AND RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (In millions) (Unaudited) For the thirteen weeks ended For the thirty-nine weeks ended September 28, 2025 September 29, 2024 September 28, 2025 Septemb
Slide 23: Quarterly Free Cash Flow Reconciliation
Quarterly Free Cash Flow Reconciliation HOLLEY INC. and SUBSIDIARIES USE AND RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in millions) (Unaudited) 2020 2021 2022 2023 2024 2025 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Net Cash provided by (used in) operating activities $ 32.2
Slide 24: Adjusted Net income and Adjusted diluted EPS Reconciliation
Adjusted Net income and Adjusted diluted EPS Reconciliation HOLLEY INC. and SUBSIDIARIES USE AND RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (Unaudited) For the thirteen weeks ended For the thirty-nine weeks ended September 28, 2025 September 29, 2024 September