VOXX International : FY21 Third Quarter Investor Presentation

Fiscal 2021 Third Quarter

Investor Presentation

January 12, 2021

Safe Harbor Statement

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 29, 2020 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.

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Fiscal 2021 Third Quarter Recap

Delivered significant top- and bottom-line improvements and well-positioned for the future

• Net sales increased by ~83%
• All business segments reported growth
• Exceptionally strong performance in the premium audio products category, up 111.6%
• Acquisitions of VSM/Rostra and DEI subsidiaries performing well and accretive to earnings
• Operating income of $18.6 million, an improvement of $18.4 million
• Adjusted EBITDA of $24.5 million, an improvement of $18.7 million

3	Comparisons are for the Fiscal 2021 third quarter ended November 30, 2020 and Fiscal 2020 third quarter ended November 30, 2019.

Fiscal Third Quarter Revenue Comparisons

Total Net Sales

Segment Net Sales

$250		$160
		$139.0
$201.1		$140
$200		$120
$150		$100
	$79.9
	$110.1	$80	$61.5
$100		$60
		$40		$30.0
$50		$20			$0.3	$0.1
		$0
$0		Consumer Electronics	Automotive Electronics	Biometrics
FY21 Q3	FY20 Q3		FY21 Q3	FY20 Q3

• Automotive Electronics segment net sales increased by 105.1%
• • Consumer Electronics segment net sales increased by 74.0%
  • • Biometrics segment net sales increased by 148.6%

4	Comparisons are for the Fiscal 2021 third quarter ended November 30, 2020 and Fiscal 2020 third quarter ended November 30, 2019.

Fiscal Third Quarter Profitability Comparisons

Operating Income

$20.0$18.6

$15.0

$10.0

$5.0

$0.1

$0.0

	FY21 Q3		FY20 Q3

Pre-Tax Income

$30.0
$19.8
$20.0
$10.0	$4.1
$0.0
FY21 Q3	FY20 Q3

Net Income Attributable to VOXX

$20.0	$18.3
$15.0
$10.0
$5.0		$2.5
$0.0
	FY21 Q3	FY20 Q3

Adjusted EBITDA

$30.0	$24.5
$20.0
$10.0		$5.8
$0.0
	FY21 Q3	FY20 Q3

	EBITDA is defined as Earnings Before Interest, Taxes, Depreciation and Amortization.
5	Comparisons are for the Fiscal 2021 third quarter ended November 30, 2020 and Fiscal 2020 third quarter ended November 30, 2019.

Fiscal Nine-Month Revenue Comparisons

Total Net Sales

Segment Net Sales

$500.0		$300	$288.5
$401.1		$250
$400.0			$206.6
	$293.8	$200
$300.0
	$150
			$111.4
$200.0		$100			$86.5
$100.0		$50
					$0.7	$0.4
		$0
$0.0			Consumer Electronics	Automotive Electronics	Biometrics
FY21 9MO	FY20 9MO			FY21 9MO	FY20 9MO

• Automotive Electronics segment net sales increased by 28.8%
• Consumer Electronics segment net sales increased by 39.7%
• • Biometrics segment net sales increased by 76.6%

6	Comparisons are for the Fiscal 2021 nine months ended November 30, 2020 and Fiscal 2020 nine months ended November 30, 2019.

Fiscal Nine-Month Profitability Comparisons

	Operating Income (Loss)		Pre-Tax Income (Loss)
$30.0									$30.0
				$21.6
$19.4
$20.0									$20.0
$10.0
								$10.0
$0.0
								$0.0
-$10.0
-$20.0					-$14.7		-$10.0
-$7.0
				FY21 9MO		FY20 9MO					FY21 9MO		FY20 9MO

Net Income Attributable to VOXX

$20.0$17.3

$10.0

$0.0
-$10.0	-$4.6
		FY21 9MO		FY20 9MO

Adjusted EBITDA

$40.0	$35.1
$30.0
$20.0
$10.0		$3.9
$0.0
	FY21 9MO	FY20 9MO

7	Comparisons are for the Fiscal 2021 nine months ended November 30, 2020 and Fiscal 2020 nine months ended November 30, 2019.

Fiscal 2021 YTD Segment Milestones

8

Consumer Electronics Segment: Realignment of Premium Audio

Realignment of Premium Audio		Formation of New Subsidiary,		Distribution Alliance with Onkyo
Business to Support Growth		11 Trading Company		and Pioneer Corporation

• Klipsch Holding, LLC became Premium Audio Company, LLC with two subsidiaries
• Klipsch Group will distribute the Klipsch, Jamo, Energy, and ProMedia speaker brands
• Newly formed 11 Trading Company will distribute the Onkyo, Pioneer, Pioneer Elite, and Integra brands in the Americas, and have the rights to the Magnat and Heco brands in the Americas
• Transition driven by expanded distribution alliance with Onkyo and Pioneer Corporation, which distribute Klipsch products in Japan
• Company enters new categories: Products range from AV receivers, HiFi equipment, mini-systems, smart speakers, turntables, sound bars, home theater systems, optical disc players and more

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Stronger Premium Audio Brand Portfolio Than Ever Before

FORMATION OF 11 TRADING COMPANY TO DISTRIBUTE LEADING A/V BRANDS THROUGH ALLIANCE

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Klipsch is Gaining Market Share

As part of The NPD Group's Consumer Electronics Performance Awards, Klipsch achieved the highest

increase in U.S. online market share in the Home Speakers category

#1MARKET POSITION

Klipsch is the #1 premium speaker brand in the United States with over 25% total market share in the home audio category. Klipsch is the #1 premium speaker brand in Canada with over 35% total market share in the home audio category.

NPD DATA

MARKET POSITION

Five of the top ten best-selling premium home speakers in the United States are Klipsch products, including the #1 and #2 position SKUs.

NPD DATA

#1 premium speaker brand in the #1 consumer electronics retailer in the United States.

BEST BUY

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Automotive Electronics Segment: EVOLVE is Coming!

The Next Generation of In-Car Entertainment is Launching this Year

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EVOLVE with Amazon's Fire TV Launching in 2021

VOXX Automotive and Amazon Collaborate to Deliver the Fire TV Experience for Global OEM's

• Chosen as Amazon's domestic vehicle systems integrator
• Fire TV will be integrated directly into in-car entertainment systems
• Passengers can watch content recorded with Fire TV Recast or saved locally on-device
• Content streamed using Wi-Fi or LTE connection, mobile hotspot or other WAN-enabled devices
• FCA and Ford - scheduled launch in our FY22 second quarter (Jun-Aug '21)

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Acquisition of Directed (DEI) Strengthens Aftermarket Business

• FY21 2nd quarter acquisition for $11 million in cash plus certain assets and liabilities
• Leader in remote start and security systems and Connected Car solutions (telematics)
• Strong brand portfolio and engineering talent
• Expands aftermarket distribution network
• Expected to add ~$50 million in annual sales

14

OEM Customer Base Continues to Grow

New OEM customers through VSM acquisition / New OEM awards across multiple product lines

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Biometrics Segment: Several New Global Partnerships in FY21

✓ Strategic alliance formed in June		-	Global partnership formed in July to bring		-	Global partnership formed in July to
✓ CMITech develops iris recognition systems			to market advanced biometric solutions. ITS			introduce and distribute EyeLock
for applications such as enrollment			is a global provider of integrated iris and			technology and access control solutions in
programs, immigration and border control,			fingerprint biometric solutions for			the Japanese market and expand into Asia
law enforcement, healthcare, financial			healthcare and life sciences industries		- Partnership provides Marubeni the rights to
services, and access control		-	Partnership covers the European and			deliver EyeLock's nano NXT® and EXT™
✓ Partnership broadens accessibility of iris			Americas markets			offerings across their partner base
technology for the global markets		- EyeLock will leverage ITS' iris authentication		-	EyeLock to leverage Marubeni's strong
✓ EyeLock gains exclusive distribution rights			integration platform and integrate it with			distribution and customer networks,
for physical access control applications in			its myris® handheld devices			particularly in the automotive, financial and
North and South America and non-exclusive		-	Combined solution is designed specifically			construction industries
rights worldwide			for the medical, pharmaceutical,		- Goal is to provide customers with a privacy-
✓ CMITech to utilize EyeLock's iris recognition			agricultural and food processing industries			friendly solution capable of authenticating
algorithms and leverage its distribution			to meet GxP requirements set by the FDA			up to 20 people per minute with
network for access control		- Demand for touchless iris authentication			unparalleled accuracy (in real-time and at a
✓ Future solutions to be customized for full			solutions is intensifying due to current			distance - whether indoors or outdoors)
compatibility with EyeLock's EIS™ identity			global environment and where higher		- Marubeni is a global market leader with
management software platforms			security and convenience is needed			over $70 billion in annual revenue

16

Biometrics Segment: Innovative New Product Launched

• Provides the highest accuracy of infrared imaging technology for human temperature measurement
• Incorporates the latest industry-leading FLIP Lepton enhanced micro-sensor that is fully contactless
• Measures temperature of each subject's forehead
• Operates effectively on people wearing masks and glasses

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Biometrics Segment: Innovative New Product Launched

EyeLock ID®

EyeLock ID® makes it easy for companies to deploy secure authentication services for its remote and office employees. At the center of EyeLock ID® is the myris®, a proven hand-held, USB connected iris identity authenticator. The software allows users to securely gain

access to their Windows® computers, corporate networks, cloud applications, custom applications, Citrix®, VPN's, etc.

EyeLock ID™ software:

• No usernames or passwords to remember anymore
• Provides multi-factor authentication (MFA)
• Easy and secure iris self-enrollment
• Supports Windows Active Directory accounts
• Supports industry-standard web authentications (e.g. - FIDO2)
• Supports select single sign-on (SSO) and LDAP authentication solutions
• EyeLock ID® is an affordable per user, per year subscription
• Identity is authenticated within 3 seconds

EyeLock ID™ use cases:

*	Higher Education	*	Manufacturing *	Government
*	Corporate	*	Healthcare	*	Transportation
*	Criminal Justice	*	Enterprise	* Banking/Financial

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Positioned for a Strong Fiscal Year and our Outlook Looks Promising

• Despite COVID, our business is performing well based on the changes we've made
• Over $400 million in new automotive OEM contracts are mostly incremental business
• Stronger aftermarket business following the acquisitions of VSM/Rostra and DEI
• Premium Audio growing rapidly -- new distribution, creation of 11TC and success of new products
• Biometrics opportunities should continue to increase; strategic process underway
• Strong balance sheet with cash position expected to increase by FY-end
• Access to capital through Credit Facilities to take advantage of potential acquisition opportunities

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