Holley Inc. Canaccord Genuity's 46th Annual Growth Conference

Thank you for having us.

Yeah. Holley Performance Brands focuses on automotive performance aftermarket, almost exclusively on performance. We like to say we make cars and trucks better, faster, louder, safer, and more fun and exciting. Based out of Nashville, Kentucky, with facilities around the U.S., as well as a couple facilities in Italy and a team in China as well. We have been doing a transformation for about three years. Holley went public in 2021, and Jesse and I joined, Jesse late 2022 and myself in mid 2023. A lot of great work the team has done as we have returned to growth in the last five of the last six quarters. A lot of hard work has gone into really transforming the company and preparing it to be the multi-billion dollar platform that we know it could be.

Yeah. One thing that attracted me to Holley is I'm an enthusiast. I love cars, and what also attracted me was the opportunity for the amazing brands we have in our portfolio. Also what I saw was a great set of brands and products that really did not have the sophistication to scale. We've spent a lot of time, I'd say, professionalizing the business across every part, every department, and putting in key processes that make this truly scalable, as opposed to just its origins as a previous roll-up. Really a business that can run at a Fortune 1000 level and capitalize on everything that's a part of that.

Yeah. So definitely one of the key parts, as you allude to, Brian McNamara, of our thesis is inorganic. Strategic M&A to round out some of the categories we compete in. It is a highly fragmented industry. It is a large industry, $40 billion when we take the global safety piece that we participate in, probably another $10 billion on top of that, so roughly about $50 billion. I think the origins of this industry, just a lot of great entrepreneurs finding a niche on a car or truck or motorcycle or what have you, and turning that into a great business. The average business in the space we compete in is about $20 million. When you look at large enthusiast performance-oriented platforms, there really are not any.

There has been some private equities that have come in and have 10 brands here, this or that, but nothing at our scale and size, nor equipped to scale at the level we will be capable of or are capable of today.