Berenberg West Coast Consumer & E-Commerce Conference

November 2018

SAFE HARBOR STATEMENT

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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 Company’s prospectus in the sections titled “Risk factors,” “Special note regarding forward-looking statements” and “Management’s 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

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Dan RobbinsSr. Director, Corporate Marketing & IR

Over 20 years of marketing, brand building, technology, and product experience - 9 years with FOX

Larry EnterlineCEO

Over 40 years in technology businesses - 7 years with FOX

Zvi GlasmanCFO

Over 30 years of experience; 17 years as a CFO - 10 years with FOX

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We develop purpose-built,

vehicle-specific, performance

defining solutions that enable

our customers’vehicles to:

• Go Faster

• Go Farther

• Ride Safer

• Last Longer

• Have Better Control

OUR BUSINESSFOX IS FOCUSED ON MAKING ITS CUSTOMERS’ VEHICLES PERFORM BETTER

ASPIRATIONAL BRAND

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Professional Athletes Demand the best product for a competitive edge

Weekend Warriors & EnthusiastsLook for the same performance as the professional athletes they admire

Diehard Brand Evangelists

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PERFORMANCE DEFINING PRODUCTSTHROUGH INNOVATIVE TECHNOLOGIES

Rusty ButcherHarley Ambassador/Flat Tracker

Live Valve Electronic Suspension Featured on 2019 Ford F-150 Raptor and Polaris RZR XP1000

Aaron Gwin2011, 2012, 2015, 2016 & 2017 Downhill World Cup Series Champion

Rob MacCachren2014, 2015, & 2016 BAJA 1000 Champion. 2017 Mint 400 Champion.2018 Baja 500 Champion.

DIVERSITY OF APPLICATIONS AND MARKETSBROADENS OUR PORTFOLIO OF PRODUCTS, CUSTOMERS, AND GLOBAL REACH

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FOX’S CORE CONSUMERS

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Opportunity to capture

a greater share of the

Performance Enthusiast

and General Consumer

markets

MARQUEE CUSTOMER RELATIONSHIPS

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10

A COMPANY OF PASSIONATE ENTHUSIASTS

TECHNICAL MARKETING SPECIALIST

El CAJON PRODUCTION

DESIGN ENGINEER

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GROWTH OPPORTUNITIESCONTINUE PENETRATION IN EXISTING VEHICLE CATEGORIES

Round out our participation across customer

product portfolios

Continue to focus on growing categories

Innovative new product introductions

Capitalize on expanding aftermarket opportunity

GROWTH OPPORTUNITIESEXPAND BRAND INTO RELEVANT PERFORMANCE DEFINING ADJACENCIES

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Tuscany Acquisition Closed: 12/01/2017

Race Face/Easton Acquisition Closed: 12/12/2014

Sport Truck USA Acquisition Closed: 3/31/2014

• LIFT KITS

• BRAKES

• WHEELS

• OTHERS

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GROWTH OPPORTUNITIESNEW VEHICLES • NEW CUSTOMERS • EXPANDED GEOGRAPHIES

WHITE SPACE

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FOX FACTORY DELIVERED STRONG 2017 RESULTS

Sales Adjusted Net Income Adjusted EBITDA

Full Year 2017 Financial Highlights

$476M+18%

$62M+32%

$94M+32%

$307

$367

$403

$476

$355

$462

2014 2015 2016 2017 Q3'17 YTD Q3'18 YTD

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STRONG SALES GROWTH FUELED BY PRODUCT LEADERSHIP AND NEW MARKETS $ in millions

Sales Growth – Consolidated

3 Year CAGR of 16%

2017 YoY Growth of 18%Sales Growth – By Major Market

3 Year CAGR (2014-2017)

Bike 3-year CAGR of 11%

Powered Vehicles 3-year CAGR of 22%

Strong sales growth has often exceeded our long term targets.

2018 YTD

+30%

$128

$155

$176

$230

$171

$249

2014 2015 2016 2017 Q3'17 YTD Q3'18 YTD

$179

$212 $227

$246

$184

$213

2014 2015 2016 2017 Q3'17 YTD Q3'18 YTD

SALES BREAKDOWN BY MAJOR MARKET$ in millions

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Solid growth in existing premium mountain bike

product lines coupled with product line

expansion has enabled FOX to exceed our mid to

high single digit long term growth target

Sales Growth – Bike

3 Year CAGR of 11%

2017 YoY Growth of 8%

Sales Growth –Powered Vehicles

3 Year CAGR of 22%

2017 YoY Growth of 31%

Strong growth in Off-Road capable On-Road

markets further strengthened by Off-Road sport /

recreational markets and acquisitions has

enabled FOX to exceed our low double digit long

term growth target

2018 YTD

+16%

2018 YTD

+46%

LEVERGING STRENGTH IN THE AFTERMARKET TO DRIVE OEM SPEC GROWTH AND EXPAND CUSTOMER BASE

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• FOX typically enters new markets in the

aftermarket channel to drive end-consumer

adoption and brand value which often leads

to OEM spec wins

• Recent acquisitions have been targeted more

towards the aftermarket channel as we

expand into, and build up new markets to

broaden our customer base

• Focused on maintaining a healthy balance

between the two channels to sustain long

term growth and competitive advantage

• Fluctuations between quarters and years

based on seasonality and timing of product

introductions are typical

YTD 2018

58%

42%

OEM AM

IMPROVING PROFITABILITY THROUGH STRATEGIC INITIATIVES$ in millions

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Opportunity exists to achieve a 20+%

Adjusted EBITDA margin over next few

years through continued improvement

initiatives

Adjusted EBITDA (1)

Initiatives Include:

• Further optimizing bike production in Taichung,

Taiwan facility

• Powered vehicle production and supply chain

optimization in North America

• Other process related efficiency initiatives

including a new ERP system

Adjusted EBITDA Growth

3 Year CAGR of 19%

2017 YoY Growth of 32%

2017 Adjusted EBITDA Margin of 19.7%

2018 YTD

Growth

35%

(1) See appendix for definition.

$56

$64 $71

$94

$70

$95

2014 2015 2016 2017 Q3'17 YTD Q3'18 YTD

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SOLID LIQUIDITY AND CASH GENERATION

Low liquidity ratios provide

flexibility on capital allocation

Positive cash flow provides

additional flexibility

(1) 2018-19 annual capex range is expected to run between 5 - 6% of sales; higher than targeted

3.0% to 4.0% of sales due to near term capacity expansion and strategic initiatives.

0.9 0.8

0.9 1.1

0.7

0.5

-

0.2

0.4

0.6

0.8

1.0

1.2

2014 2015 2016 2017 Q3'17YTD

Q3'18YTD

Leverage Ratio (ending)

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PROFITABLE BUSINESS MODEL PROVIDES FURTHER GROWTH OPPORTUNITIES OR LEVERAGE REDUCTION

Invest for Growth

Solid Cash Generation

Other Uses

• Organic market growth, technology and brand

• Ongoing Operational and Strategic initiatives

• M&A screen for possible future acquisitions

• Positive cash flow enables capital allocation

opportunities

• Debt paydown as appropriate

• Potential share repurchases depending on

market conditions

WRAP UP

Aspirational Brand

Performance Defining Products

Innovative Technologies

Diversity of Applications and Markets

A Company of Passionate Enthusiasts

Organic and Adjacent Growth

Opportunities

Proven Track Record of Financial Success

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SUSTAINABLE

COMPETITIVE ADVANTAGE

TO ENABLE FUTURE GROWTH

Q&A

APPENDIX

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ADJUSTED EBITDA RECONCILIATION

ADJUSTED EBITDA RECONCILIATION

($ in Millions) 2014 2015 2016 2017 Q3'17 Q3'18

Net Income $27.7 $25.0 $35.7 $43.2 $40.3 $65.0

Provision for Income Taxes 6.6 9.3 7.4 21.1 8.7 3.9

Depreciation & Amortization 9.7 13.1 8.8 9.9 7.1 10.5

Stock-Based Compensation 4.0 4.9 6.2 8.7 6.6 5.6

2.9 6.9 5.9 1.4 1.4 -

Patent Litigation Related Expenses - - 2.7 4.7 3.2 5.9

Tax reform implementation costs (2) - - - - - 0.3

Other Acquisition and Integration Related Expenses (3) 3.6 3.0 1.0 1.9 0.8 0.8

Offering Expense (4) 0.5 0.2 0.6 0.1 0.1 -

Costs Associated with tax Benefit 0.2 - - - - -

Other Expense, Net 0.3 1.1 2.5 2.8 2.0 2.8

Adjusted EBITDA $55.5 $63.5 $70.8 $93.8 $70.2 $94.8

Divided by Sales $307.0 $366.8 $403.1 $475.6 $354.5 $462.4

Adjusted EBITDA margin 18.1% 17.3% 17.6% 19.7% 19.8% 20.5%

(4) Represents costs and expenses related to the secondary offerings of common stock completed in FY 17.

Fiscal Year Year to Date

Fair Value Adjustment of Contingent Consideration and

Acquisition Related Compensation (1)

(1) Represents $1.6M of the acquisitions’ purchase price classified as compensation expense for Q3 FY 17 offset by $0.2M related to the periodic revaluation of the Company’s contingent

consideration associated with the acquisition of Sport Truck based on actual and project performance.

(2) Represents costs and expenses of $0.3M incurred in connection with the Company’s implementation of tax reform legislation and related tax restructuring initiative in Q3 FY 18.

(3) Represents $0.8M for Q3 FY 17 and Q3 FY 18, respectively, of other acquisition related costs and expenses incurred to integrate acquired entities into the Company’s operations.