January 2016

SAFE HARBOR STATEMENT

This presentation contains forward-looking statements within the meaning of
the federal securities laws, which statements involve substantial risks and
uncertainties. Forward-looking statements generally relate to future events
or our future financial or operating performance. In some cases, you can
identify forward-looking statements because they contain words such as
may, might, will, would, should, expect, plan, anticipate, could,
intend, target, project, contemplate, believe, estimate, predict,
likely, potential or continue or the negative of these words or other
similar terms or expressions that concern our expectations, strategy, plans
or intentions.
These forward-looking statements are necessarily based upon estimates
and assumptions that, while considered reasonable by the Company and its
management, are inherently uncertain. Factors that may cause actual
results to differ materially from current expectations include, but are not
limited to, those factors identified in the Companys prospectus in the
sections titled Risk factors, Special note regarding forward-looking
statements and Managements discussion and analysis of financial
condition and results of operations.
Nothing in this presentation should be regarded as a representation by any
person that the forward-looking statements set forth herein will be achieved
or that any of the contemplated results of such forward-looking statements
will be achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. The Company
undertakes no duty to update these forward-looking statements.

MANAGEMENT PRESENTERS

Larry Enterline
CEO

Zvi Glasman
CFO

INTRODUCTION TO FOX

Global, aspirational, performance-based brand

Multiple attractive end markets

Powerful customer relationships:

More than 150 global OEM customers

Global aftermarket network of more than 3,000 retail dealers and distributors

Highly-engineered products sold into multiple end markets

Relentless focus on innovation with an active patent program

Strong track record of profitability

OVER 40 YEARS OF REDEFINING RIDE DYNAMICS

1974

1987

1991

2001

Bob Fox sets out to

redefine motorcycle
ride dynamics

Snowmobiles start
getting the benefits of
FOX suspension

Entered the mountain

bike rear suspension market

Entered the mountain bike

front suspension market

2008

2009

Entered the SxS

and utility quad
markets

Specd on the
2010 Ford F-150
SVT Raptor

2014
First production military
vehicle, GMV 1.1

Sport Truck USA

acquisition

2015
Race Face / Easton
acquisition

Aftermarket V-Twin

FOXS FORMULA FOR SUCCESS

Transportable model across vehicle categories and end markets
- Aftermarket satisfies existing market with an appetite for performance

FORD Raptor

POLARIS RZR XP1000 FOX Edition

YETI INFINITY LINK

OEMs look for brands that add authenticity to the vehicles in the marketplace
6

REDEFINE YOUR LIMITS

We redefine our athletes limits

Rob MacCachren
2014 & 2015 BAJA 1000 Champion

Rachel Atherton
2015 Downhill World
Champion

Laurie Greenland

Jason Pullen
Harley Freestyle Star

2015 Downhill World Champion

FOX ENABLES ENHANCED RIDE DYNAMICS

High-performance suspension enables riders to harness power and speed

OPTIMIZED TECHNOLOGIES
(Uniquely Tuned for Specific Applications)

2017 FORD RAPTOR

(First Internal Bypass
OEM automotive application)

POLARIS RZR XP1000 FOX EDITION

(First Internal Bypass on an OEM SXS)

OVERVIEW OF BIKE PRODUCT OFFERING

FOX is focused on the premium segment of performance bike market
TYPICAL $3,000 RETAIL
MOUNTAIN BIKE

Pro Forma FY 2014

Sales Breakdown (1)

FRONT
REAR
SUSPENSION SUSPENSION

WHEELS

NON-SUSPENSION
COMPONENTS

ANALYSIS OF BILL
OF MATERIALS (2)

30%

24%

SUSPENSION

32 Float 40 Float

FLOAT CTD

EASTON HAVEN
CARBON

SEAT POST AND

CRANKSET

20%
6%
BRAKES

FRAME

9% 11%

WHEELS

_____________________
(1)
Sales breakdown represents FY 2014 performance on a pro forma basis after giving effect to the Sport Truck USA and Race Face / Easton acquisitions.
(2)
Management estimates; assumes typical $3,000 retail mountain bike.

DRIVETRAIN

OTHER

OVERVIEW OF POWERED VEHICLES

PRODUCT OFFERING
FOX is focused on the premium performance segment of powered vehicles

Pro Forma FY 2014

Sales Breakdown (1)

SIDE-BY-SIDE SNOWMOBILE
PRICE $1,100 $1,495
RANGE
(set of 2)

$695 $1,595
(set of 2)

2.5 PODIUM-X FLOAT X EVOL

RETAIL
PRICE

$1,495
(set of 2)

$1,495
(set of 2)

ATV

TRUCK

$695 $1,595
(set of 2)

$127 $1,250

$ 649 $799

$1,250 $2,200

PODIUM X
PIGGYBACK

2.0 SERIES

PODIUM

EXTERNAL
BYPASS
RESERVOIR

$995

$127

_____________________
(1)
Sales breakdown represents FY 2014 performance on a pro forma basis after giving effect to the Sport Truck USA and Race Face / Easton acquisitions.

MOTORCYCLE OFF-ROAD

$799
(set of 2)

$2,200

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COMPANY HIGHLIGHTS
1. Multiple Attractive End Markets
2. Relentless Approach to Innovation

3. Authentic Brand Driving Consumer Demand and Loyalty

4. Powerful OEM Relationships
5. Expanding Global Presence
6. Experienced Management Team Leading a Company of Enthusiasts
7. Multifaceted Growth Strategy
11

1. MULTIPLE ATTRACTIVE END MARKETS

Growing need for
suspension performance
Performance benefits from
increases in horsepower limited by
standard suspension

Further improvements in vehicle

performance require improved ride
dynamics technologies

Fords 2017 F-150 Raptor with Internal

Bypass suspension

Shifting consumer preferences

Growing demand for higher
performing products

Fulfilling OEM demand for

premium ride dynamics
offerings

More rapid adoption cycles

Mountain bike evolving wheel/tire sizes
and electronic technologies
Side-by-Side more capable and
powerful stock models

Advanced technologies and services

Preference for authentic, aspirational brands

Scale and sophistication that reduces

need for other suppliers

Santa Cruz Bronson Carbon 27.5 equipped with our

award-winning Factory Series 36 FLOAT Fork

Yamaha YXZ1000R with Internal Bypass

suspension introduced September 2015

Customized solutions that deliver

differentiation
Recognizable brand with consumerdrawing power

12

2. RELENTLESS APPROACH TO INNOVATION

Active Patent Program Helps Build a Robust Pipeline of New and Enhanced Products

150

Approximate # of annual
races attended globally

2015 DH World Champions

(Womens Elite & Jr. Mens)

RECENT
CHAMPIONSHIPS

2015 EWS Champions

(Mens & Womens)
2015 BAJA 1000 Champions
(Trophy Truck & UTV)
2015 Super Dirt Week
(Syracuse 200 & Sportsmen Mod)

13

3. AUTHENTIC BRAND DRIVING CONSUMER

DEMAND AND LOYALTY

Professional Athletes
Demand the best product for a
competitive edge

Weekend Warriors & Enthusiasts

Look for the same performance as the
professional athletes they admire

Diehard Brand Evangelists

14

4. POWERFUL OEM RELATIONSHIPS

Select OEM Relationships
BIKE

POWERED VEHICLES

15

5. EXPANDING GLOBAL PRESENCE

FOX HEADQUARTERS

MANUFACTURING

Vancouver, B.C.
Race Face / Easton

Scotts Valley, CA
Corporate HQ
Sales
R&D
Manufacturing

SALES

Baxter, MN
Sales
Service

MARKETS OF INTEREST

Rodalben, Germany
Sales
Service

Coldwater, MI
Manufacturing
(Sport Truck)

China
Market of Interest

South Korea
Market of Interest

Bern, Switzerland
Sales

Watsonville, CA
Manufacturing
Service
Distribution
Warehousing

Tai Chung, Taiwan

Manufacturing
Sales

El Cajon, CA
Manufacturing
Sales
Service
R&D

Chile
Market of Interest

Brazil
Market of Interest

Argentina
Market of Interest

Australia
Market of Interest

Global Infrastructure to Supply International OEMs and Provide Aftermarket Support

16

6. EXPERIENCED MANAGEMENT TEAM

LARRY ENTERLINE

CEO
BSEE / MBA, 41 years in technology businesses. 5 years with FOX.

ZVI GLASMAN

CFO
Bachelors Finance, 28 years of experience. 15 years as a CFO. 8 years with FOX.

MARIO GALASSO

PRESIDENT
BSME, 24 years of vehicle dynamics and suspension industry experience. 13 years with FOX.

JOHN BOULTON

Senior Vice President

BSEE, 29 years of manufacturing experience. 15 years in senior executive role. 5 years with FOX.

BILL KATHERMAN

SVP, GLOBAL OPERATIONS

Bachelors Business Administration, 35 years of management experience. 3 years with FOX.

WES ALLINGER

VP & GM, BIKE

BSME, 26 years of experience. 23 years of suspension industry experience. 15 years with FOX.

JOHN MARKING

CORPORATE VP, BUSINESS INNOVATION

28 years of suspension industry experience. 25 years with FOX.

TOM WITTENSCHLAEGER

VP & GM, POWERED VEHICLES

BSEE, 17 years in executive roles. Holds multiple patents. 30+ years technology experience. Joined FOX in 2015.

DAVID HAUGEN

GENERAL COUNSEL
BSME, JD, 20 years of patent law experience. 9 years with FOX.

17

LEADING A COMPANY OF ENTHUSIASTS

Our Employees Support a Culture of Continuous Innovation and Quality

Create products that

enhance ride dynamics

ARIEL LINDSLEY
RYAN GREENING

LARRY ROESELER

POWERSPORTS RACE TECHNICIAN

OFFROAD TUNING TECHNICIAN

TECHNICAL MARKETING
SPECIALIST

JOHN MARKING

CODY RAHDERS

CORPORATE VP, BUSINESS INNOVATION

EL CAJON PRODUCTION

Keen observers of current

and new market trends

Avid users of FOX products

Actively engaged in all

aspects of product
design, development
and testing

18

7. MULTIFACETED GROWTH STRATEGY

Continue Penetration in Existing Vehicle Categories

Penetrate New Vehicle Categories

Exploit International Opportunities

Expand FOX Brand Into Relevant Adjacencies

19

CONTINUE PENETRATION IN
EXISTING VEHICLE CATEGORIES

Existing OEMs round out our

participation across customer
product portfolios

Continue to focus on growing categories

New products in the pipeline

Capitalize on expanding aftermarket opportunity

FOX / Sport Truck Aftermarket Product Collaboration

Purpose-built. BDS lift kit and FOX suspension package
Chosen by Shelby America for their 2017 Shelby F-150

20

PENETRATE NEW VEHICLE CATEGORIES

Ride Dynamics play a critical role in numerous large end markets

RECENTLY ENTERED MARKETS

IDENTIFIED FUTURE CATEGORIES

Large Potential White Space Opportunity

21

EXPLOIT INTERNATIONAL OPPORTUNITIES

Increasing global demand for authentic American brands and performance products
FOX Sales by End-Destination

Capturing the Worlds Emerging

Middle Class
(billions of people)
5

35%
Europe

7% Asia
2% South
America

9%

56%

The rise of the

Emerging Market
Middle Class

3
2

North America
1

1990

2010

2025*

* Forecast
_____________________
Source: 2014 Management estimates after giving effect to the Sport Truck USA and Race Face / Easton
acquisitions.

_____________________
Source: McKinsey & Company, Winning the $30 trillion decathlon: Going for gold in emerging markets. Data as of August 2013.

22

EXPAND FOX BRAND INTO

RELEVANT ADJACENCIES

Enter adjacent categories organically or by way of acquisition

WHEELS & OTHER COMPONENTS
(RACE FACE/EASTON ACQUISITION)

POWERED VEHICLES

HIGH-PERFORMANCE BRAKES
LIGHT BARS
HIGH-PERFORMANCE WHEELS

5-POINT BELTS
DOORS

Acquisition Closed: 12/12/2014

Purchase Price: $30mm (plus a maximum earn-out of $16.9mm)
2014 Sales:
$23.6mm (unaudited)
2014 Adj. EBITDA: $4.3mm (unaudited)

23

PROVEN TRACK
RECORD OF
PERFORMANCE

24

PROVEN TRACK RECORD OF PERFORMANCE

SALES
($ in millions)

$273

$198
$61
1
$137

2011

$236
$78
$158

2012

$307
$128

$92
$181

2013

$233
$136

$271
$159
POWERED VEHICLES

$179

2014

97

112

YTD Q32014

YTD Q3 2015

MOUNTAIN BIKE

25

PROVEN TRACK RECORD OF PERFORMANCE

GROSS PROFIT

ADJUSTED EBITDA

($ in millions)

($ in millions)

(1)

$94
$80
$57

2011

$50

$63
$73

2012

2013

2014

29.4%

31.1%

$83

YTD Q3- YTD Q32014

2015

NON-GAAP GROSS MARGIN (2)

28.8%
(1)
(2)

26.6%

$31

2011

(CONTD)

$56

$36
$43

2012

2013

2014

$47

YTD Q3- YTD Q32014

2015

ADJUSTED EBITDA MARGIN

31.5%

31.1%

15.5%

15.4%

18.2%

18.1%

18.6%

17.5%

FOX defines adjusted EBITDA as net income adjusted for interest expense, net other expense, income taxes, amortization of purchased intangibles, depreciation, stock-based compensation, offering
expense, contingent consideration valuation adjustments, and certain other acquisition related or non-recurring items that are more fully described in the appendix
Non-GAAP gross margin is adjusted to exclude the effect of finished goods inventory valuation adjustments associated with the companys acquisition which are included as part of the amounts in
footnote 3 of the adjusted EBITDA reconciliation found in the appendix

26

MARGIN GROWTH THROUGH STRATEGIC AND

OPERATIONAL EFFICIENCY INITIATIVES

Key project: Shift of mountain bike product

manufacturing to Taiwan
Expect transition to be completed by Q4 2015
Reduces production lead times, improves supply
chain efficiencies and reduces manufacturing
costs
Shortens supply chain by 8 weeks
We expect substantial margin improvement from
this project

_____________________
Source: 2017 gross margin is estimated by management on legacy FOX business excluding acquisitions.

Dedicated teams working on various process

improvement initiatives in supply chain, designing for
manufacturability, and other business process
improvements targeted at improving margins

27

WRAP UP
Multiple Attractive End Markets
Relentless Approach to Innovation

Authentic Brand Driving Consumer Demand

and Loyalty
Powerful OEM Relationships

SUSTAINABLE
COMPETITIVE ADVANTAGE
TO ENABLE FUTURE GROWTH

Expanding Global Presence

Experienced Management Team Leading a
Company of Enthusiasts
Multifaceted Growth Strategy
28

Q&A

APPENDIX

ADJUSTED EBITDA RECONCILIATION

($ in Millions)

Year Ended December 31,

YTD Q3 YTD Q3
2011
2012
2013
2014
2014
2015
Net Income $ 13.5
$14.2 $24.1 $27.7 $24.8 $18.1
Depreciation & Amortization
6.6
7.2
7.8
9.7
7.1
9.7
Stock-Based Compensation (1)
1.0
2.1
2.5
4.1
3.0
3.7
Fair Value Adjustment of Contingent Consideration and
Acquisition Related Compensation (2)
0.0
0.0
0.0
2.2
0.1
6.1
Other Acquisition and Integration Related Expenses (3)
0.0
0.0
0.3
4.2
2.2
1.8
Offering Expense (4)
0.0
0.0
0.0
0.5
0.5
0.2
Provision for Income Taxes
7.1
8.2
10.6
6.6
5.0
6.8
Costs Associated with Tax Benefit
0.0
0.0
0.0
0.2
0.2
0.0
Other Expense, Net (5)
2.0
3.8
4.0
0.3
0.6
1.0
Management Fees (Related Party) (6)
0.5
0.5
0.3
0.0
0.0
0.0
Adjusted EBITDA $ 30.7 $ 36.0 $ 49.6 $ 55.5 $ 43.4 $ 47.4
(1)
(2)
(3)
(4)
(5)
(6)

Represents non-cash stock-based compensation.

Represents the amortization or accrual of a portion of the acquisitions purchase price classified as compensation expense and the periodic revaluation of the Companys contingent
consideration associated with the acquisition of Sport truck based on actual performance, current assumptions regarding volatility, interest rates, and forecasted performance.
Represents various acquisition related costs and expenses incurred to integrate acquired entities into the Companys operations and the impact of finished goods inventory valuation
adjustments.
Represents costs and expenses incurred related to the shelf registration filed in March 2015.
Other expense, net includes interest expense, foreign currency transaction gain or loss, gain or loss on the disposal of fixed assets, and other miscellaneous items.
Represents management fees paid to an affiliate of the Companys majority stockholder pursuant to a management services agreement that terminated upon the consummation of the
Companys initial public offering.

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