VOXX International : View Presentation

Fiscal 2022 First Quarter

Investor Presentation

July 12, 2021

Safe Harbor Statement

Exchange: Nasdaq	Market Cap*: ~$325 million
Ticker Symbol: VOXX	Stock Price*: $13.56
Headquarters: Orlando, FL	52 Week Range*: $5.26 - $27.78
Fiscal Year-End:February 28, 2021	Average Daily Volume*: ~182,000 shares
	* As of July 9, 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 2022 First Quarter Consolidated Financial Snapshot

Significant Top- and Bottom-Line Improvements / All Business Segments Grew

Consolidated Net Sales

$72.0M	+ 90.4%
$137.1M
Q1 FY21	Q1 FY22

Consolidated Gross Profit

$20.0M	+ $16.7M
$36.7M
Q1 FY21	Q1 FY22

Operating Loss

$(8.1)M	+ $7.7M
$(0.4)M
Q1 FY21	Q1 FY22

Net Income (Loss) Attributable to VOXX

$(8.3)M	+ $11.0M
$2.7M
Q1 FY21	Q1 FY22

EBITDA (Loss)

$(3.3)M	+ $9.7M
$6.4M
Q1 FY21	Q1 FY22

Adjusted EBITDA (Loss)

$(3.2)M	+ $11.5M
$8.3M
Q1 FY21	Q1 FY22

Comparisons are for the Fiscal 2022 and Fiscal 2021 first quarters ended May 31, 2021, and May 31, 2020.

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

Fiscal 2022 First Quarter Consolidated Financial Highlights (Cont'd)

40%

30%

20%

10%

0% -10%-20%-30%

Gross Margins Impacted by

Higher Supply Chain Costs

Gross Profit Margin by Segment

27.0%	30.9% 26.6%
17.7%	19.5%

-22.7%

Automotive ConsumerBiometrics

Q1 FY21		Q1 FY22

Operating Expenses Impacted by

Higher Professional Fees

	Operating Expense Breakdown
$25
$19.4
$20
$15.0
$15
$11.5
$10	$8.6
$4.5	$6.2
$5
$0

Selling		General & Admnistrative Engineering & Technical
				Support
		Q1 FY21		Q1 FY22

q Automotive Electronics segment margins increase by 930 basis points ("bps"); contributions from new DEI subsidiary and higher margin product sales to OEM's and in the aftermarket drove improvement

qConsumer Electronics segment margins declined by 430 bps; more products sold through warehouse club channels and new sales from 11 TC subsidiary led to lower gross margin but higher gross profit

qBiometric segment margins turned positive; higher sales of NIXT products in
4	Q1 FY '22 and lower pricing and beta products moved in Q1 FY '21

q Total operating expenses increased by $9.0 million (as a % of net sales, operating expenses declined from 39% in Q1 FY '21 to 27% in Q2 FY '22)

1. $4.2 million increase in salary and payroll taxes and higher headcount o $3.7 million of DEI-subsidiary expenses (not in FY21 Q1)
   o $2.6 million increase in professional fees related to transactions o $1.2 million increase in commissions given higher sales
   o $0.9 million increase in advertising expenses

q~$1.7M of expenses tied to acquisition costs, professional fees related to the GalvanEyes distribution agreement and non-routing legal fees

Automotive Electronics Segment - Financial Highlights

Total Segment Sales	OEM Product Sales	Aftermarket Product Sales	FY22 YTD BUSINESS HIGLIGHTS

$60			$20		$14.9	$30		$27.7		Launch of Nissan Armada rear-seat
	$42.7				q
				$20
$40			$10	$7.7		$9.6			entertainment ("RSE") program
$20	$17.3			$10
							q	Awarded new OEM programs with
$0			$0			$0
Q1 FY21	Q1 FY22	Q1 FY21	Q1 FY22	Q1 FY21	Q1 FY22		Nissan, Infiniti and Volvo Europe
	Increase of 146.9%		Increase of 94.7%		Increase of 188.5%	q Began shipping EVOLVE RSE with
				Amazon Fire TV to Stellantis (2Q FY '22)
	YoY		YoY			YoY
	Gross Profit $'s		Gross Margin %		Pre-Tax Income (Loss)	q Continue to ship EVO RSE to Ford with
$15			30%		27.0%	$5		$3.2
	$11.5				EVOLVE launch to begin in November
			17.7%
$10			20%		$0				Advised by Stellantis that we should
								q
$5	$3.1		10%
							receive awards for a newly designed in-
							-$3.1
$0	Q1 FY21	Q1 FY22	0%			-$5			vehicle entertainment system and
		Q1 FY21	Q1 FY22		Q1 FY21	Q1 FY22		displays we are currently developing for
	Increase of $8.5M		Up 930 Basis Points		Increase of $6.3M		them; programs that could generate
				over $75 million in new business
	YoY			YoY			YoY

5	Comparisons are for the Fiscal 2022 and Fiscal 2021 first quarters ended May 31, 2021, and May 31,, 2020.
($'s in millions).