Fiscal 2021 Fourth Quarter and Year-End

Investor Presentation

May 13, 2021

Safe Harbor Statement

Exchange: Nasdaq

Market Cap*: $393.9 million

Ticker Symbol: VOXX

Stock Price*: $15.98

Headquarters: Orlando, FL

52 Week Range*: $4.64 - $27.78

Fiscal Year-End:February 28, 2021

Average Daily Volume*: ~268,000 shares

* As of May 12, 2021

Disclaimer

Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward- looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to the: risk factors described in the Company's annual report on Form 10-K for the fiscal year ended February 28, 2021, and other filings made by the Company from time to time with the SEC. The factors described in such SEC filings include, without limitation: the impact of the COVID-19 outbreak on the Company's results of operations, the Company's ability to realize the anticipated results of its business realignment; cybersecurity risks; risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the automotive electronics, consumer electronics and biometrics businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; foreign currency fluctuations; and restrictive debt covenants. Many of the foregoing risks and uncertainties are, and will be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. The Company assumes no obligation and does not intend to update these forward-looking statements.

Fiscal 2021 Fourth Quarter Financial Highlights

Delivered significant top- and bottom-line improvements

Consolidated Net Sales

+ 60.8%

$101.1M

$162.5M

Q4 FY20

Q4 FY21

Consolidated Gross Profit

+ $13.8M

$28.5M

$42.4M

Q4 FY20

Q4 FY21

Operating Income (Loss)

+ $38.9M

$(35.0)M

$3.9M

Q4 FY20

Q4 FY21

Net Income (Loss) Attributable to VOXX

+ $31.2M

$(21.8)M

$9.4M

Q4 FY20

Q4 FY21

EBITDA (Loss)

+ $28.7M

$(18.4)M

$10.3M

Q4 FY20

Q4 FY21

Adjusted EBITDA

+ $10.2M

$1.6M

$11.9M

Q4 FY20

Q4 FY21

Comparisons are for the Fiscal 2021 and Fiscal 2020 fourth quarters ended February 28, 2021 and February 29, 2020.

3 EBITDA defined as Earnings Before Interest, Taxes, Depreciation & Amortization.

Fiscal 2021 Fourth Quarter Financial Highlights - By Segment

Automotive Electronics Net Sales

+ 89.7%

$27.7M

$52.5M

Q4 FY20

Q4 FY21

Consumer Electronics Net Sales

+ 50.1%

$73.1M

$109.7M

Q4 FY20

Q4 FY21

Biometrics Net Sales

+ 109.5%

$0.1M

$0.1M

Q4 FY20

Q4 FY21

  • Gross margin of 26.2%, up 850 bps.
  • Gross profit of $13.7M, up $8.8M.
  • Pre-taxnet income of $5.9M, up $7.5M.
  • Gross margin of 26.2%, down 600 bps.
  • Gross profit of $28.7M, up $5.2M.
  • Pre-taxnet income of $5.9M, up $5.4M.
  • Negative gross margin for both periods.
  • Negative gross profit for both periods.
  • Pre-taxnet loss of $2.5M, up $27.9M.

4 Comparisons are for the Fiscal 2021 and Fiscal 2020 fourth quarters ended February 28, 2021 and February 29, 2020.

Fiscal 2021 Full-Year Financial Highlights

One of the most profitable years in the Company's history - momentum is building

Consolidated Net Sales

+ 42.7%

$394.9M

$563.6M

FY20

Q4 FY21

Consolidated Gross Profit

+ $48.8M

$109.8M

$158.5M

FY20

FY21

Operating Income (Loss)

+ $72.8M

$(50.3)M

$22.5M

FY20

FY21

Net Income (Loss) Attributable to VOXX

+ $53.2M

$(26.4)M

$26.8M

FY20

FY21

EBITDA (Loss)

+ $56.3M

$(11.9)M

$44.4M

FY20

FY21

Adjusted EBITDA

+ $42.1M

$4.9M

$46.9M

FY20

FY21

5 Comparisons are for the Fiscal 2021 and Fiscal 2020 year-ended February 28, 2021 and February 29, 2020.

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VOXX International Corporation published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 20:31:04 UTC.