Holley Inc. · NYSE:HLLY
Holley — Q2 2026 Earnings Presentation
28 slides from Holley's earnings presentation, Aug 5, 2026
Slide 1: Second Quarter 2026 Financial Results Call
Second Quarter 2026 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 • Q2 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: 2nd Quarter Highlights and Recent Events
2nd Quarter Highlights and Recent Events • Delivered 3.2% reported net sales growth, with 3 of 4 divisions achieving double-digit YoY core growth. • Core net sales grew ~4.9%, excluding divestitures through our portfolio rebalancing initiative. • 27 brands delivered growth across both DTC and B2B ch
Slide 6: Q2 Financial Results & Ongoing Business Highlights
Q2 Financial Results & Ongoing Business Highlights 2026 Q2 Results Business Highlights Gross New Products Recently Launched Across Divisions Net Sales Margin RA010 $172.0 M Along with 41.0% many more! M62 Bandit M52 4.9% vs. PY1 (72) bps vs. PY Operational Excellence in Q2 Adjusted Free $5.0M $3.3M
Slide 7: Q2 Core Growth in 3 of 4 Divisions and Key Brands
Q2 Core Growth1 in 3 of 4 Divisions and Key Brands (2.1)% 10.0% 15.7% 5.4% 13.1% 21.5% 13.3% 13.8% Strategic Division Alignment, Prioritization and Accountability Underpinning Double Digit Core Growth In Three Of Four Divisions. 1) Core Growth Rate excludes Sales of Divested Businesses as part of th
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: 2026 - Full Throttle Forward - Select Examples
2026 - Full Throttle Forward - Select Examples Initial 2026 target: deliver more than 4% net sales growth and more than $15 million in cost savings through top-priority initiatives. 9
Slide 10: Long-term Strategic Initiative Tracker | Q2
Long-term Strategic Initiative Tracker | Q2 Pillar Key Metric Details • B2B Account performance for mid-size customers remained balanced and healthy Trailblazing Trusted PARTNER + $1.5M with a broad number of customers contributing over $1M in the first half. • National Retailer growth driven by pla
Slide 11: Portfolio Rebalance to Accelerate Value Creation
Portfolio Rebalance to Accelerate Value Creation Exiting Low-Performers -> Investing in High-Growth Businesses-> Increasing EBITDA & paying Down Debt. 11
Slide 12: Sharpening the Portfolio & Lowering Operating Costs
Sharpening the Portfolio & Lowering Operating Costs Portfolio rebalancing progress to date, and additional cost and footprint actions underway to strengthen margins and cash generation PORTFOLIO REBALANCING LOWERING OPERATING COSTS FINANCIAL IMPACT Divestitures YTD Actions in Q2 Annualized Impact •
Slide 13: Well Positioned for the Second Half of the Year
Well Positioned for the Second Half of the Year Five factors we remain optimistic about the second half of 2026. OPERATIONAL FOCUS RETAIL PLACEMENT INNOVATION BRAND MARKETING M&A CONTRIBUTION Simplified Favorable New Product Revamped HRX Operations Retailer Innovation Marketing Acquisition Exited no
Slide 14: Q2 Financial Results
Q2 Financial Results Jesse Weaver Chief Financial Officer 14
Slide 15: Financial Priorities
Financial Priorities DRIVE PROFITABILITY THROUGH OPTIMIZE DELEVER OPERATIONAL EFFICIENCY WORKING CAPITAL BALANCE SHEET • Unlocking structural profitability through • Executing sharper portfolio management • Maintaining progressive balance-sheet optimized staffing models and ongoing that reduces non-
Slide 16: 2Q26 Key Metric Recap
2Q26 Key Metric Recap $ millions (except per share) 2Q26 2Q25 B/(W) Net Sales $172.0 $166.7 3.2% l 4.9%1 Gross Margin 41.0% 41.7% (72) bps SG&A (incl. R&D) $44.2 $38.0 $(6.1) Net Income (Loss) $(2.4) $10.9 $(13.3) Adj. Net Income2 $24.0 $10.6 $13.4 Adj. Diluted EPS2 $0.20 $0.09 $0.11 Adj. EBITDA2 $3
Slide 17: Free Cash Flow Generation
Free Cash Flow1 Generation Free Cash Flow ($M) 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Generated Free Cash Flow of $40.9 million, a $5.2 million improvement year-over- year. 1) Non-GAAP measure. Please see the GAAP to Non-GAAP reconciliation in the A
Slide 18: Capital Allocation Framework
Capital Allocation Framework OUR FRAMEWORK — THREE-PRONGED APPROACH EXECUTING AGAINST EACH PRIORITY Reduce leverage Pay down debt to improve financial flexibility 3.74x Leverage Ratio at quarter-end and strengthen the balance sheet. Reduced by paying down borrowings under our revolving credit facili
Slide 19: Total Leverage Ratio
Total Leverage Ratio1 Leverage Ratio (Consolidated Total Debt/TTM Consolidated EBITDA) $ millions 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Revolver Drawn $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $10 $0 Credit Agreement Net Debt $584.4 $553.4 $536.0 $515.3 $515.1 $511.8 $520.7 $508.2 $492.9 $
Slide 20: Maintaining Full Year 2026 Guidance
Maintaining Full Year 2026 Guidance FY26 Guidance Outlook ($ millions) (Previously Adjusted for Portfolio Rebalancing) Net Sales $610 - $640 million Core Business Growth Rate %1 ~2% to ~7% Adjusted EBITDA2 $127 - $137 million Capital Expenditures $15 - $20 million Depreciation and Amortization $24 -
Slide 21: Q&A
Q&A Matt Stevenson Jesse Weaver Chief Executive Officer Chief Financial Officer 21 21
Slide 22: 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 growth1 Organic Top Line Growth Powerhouse of product innovation with iconic brands • ~40% Gross Marg
Slide 23: Appendix
Holley PERFORMANCE BRANDS
Slide 24: Interest Rate Collar Feb 2026 to Nov 2028 Summary
Interest Rate Collar 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 24
Slide 25: 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 3Q25 4Q25 1Q26 2Q26 Net Income (Loss) $ (24.9) $ 19.2 $ 23.6 $ 10.3 Adjustments: Depreciation 10.4 9.7 9.9 10.4 Amortization of intangible as
Slide 26: 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 twenty-six weeks ended June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Net incom
Slide 27: 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) 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net Cash provided by (used in) operating activities $ 27.4
Slide 28: 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 twenty-six weeks ended June 28, 2026 June 29, 2025 June 28, 2026 June 2