Investor PresentationInvestor PresentationApril 2010 

FFORWARDORWARD­­LLOOKINGOOKING SSTATEMENTSTATEMENTS

Except for historical information provided herein, this presentation may contain informationand statements of a forward‐looking nature concerning the future performance of DorelIndustries Inc. These statements are based on suppositions and uncertainties as well as onmanagement's best possible evaluation of future events The business of the Company andmanagement s best possible evaluation of future events. The business of the Company andthese forward‐looking statements are subject to a number of risks and uncertainties thatcould cause actual results to differ from expected results. Important factors which could causesuch differences may include, without excluding other considerations, increases in rawmaterial costs, particularly for key input factors such as particle board and resins; increases inocean freight container costs; failure of new products to meet demand expectations; changesocean freight container costs; failure of new products to meet demand expectations; changesto the Company’s effective income tax rate as a result of changes in the anticipated geographicmix of revenues; the impact of price pressures exerted by competitors, and settlements forproduct liability cases which exceed the Company’s insurance coverage limits. A description ofthe above mentioned items and certain additional risk factors are discussed in the Company’sAnnual MD&A and Annual Information Form filed with the securities regulatory authoritiesAnnual MD&A and Annual Information Form, filed with the securities regulatory authorities.The risk factors outlined in the previously mentioned documents are specifically incorporatedherein by reference. The Company’s business, financial condition, or operating results couldbe materially adversely affected if any of these risks and uncertainties were to materialize.Given these risks and uncertainties, investors should not place undue reliance on forward‐looking statements as a prediction of actual results.looking statements as a prediction of actual results.

Note: All figures are in US dollars.

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AATT AA GGLANCELANCE

DIVISIONS PRODUCT RANGE OUR PREMIUM BRANDS

DOREL EUROPEDOREL JUVENILE GROUP USA

Children’s car seatsStrollers High chairs 

DOREL DISTRIBUTION CANADAIGC DOREL PTY (AUSTRALIA)DOREL BRAZIL

Playpens Toddler bedsEarly learning/infanthealth/safety aidsCribs, dressers

CYCLING SPORTS GROUP (CSG)PACIFIC  CYCLEAPPAREL & FOOTWEAR GROUP(AFG) 

Bicycles  Fitness  apparelJogging  strollersSwing sets  Ride‐on  toysOthers recreationalproductsproducts

AMERIWOODCOSCO HOME & OFFICEDOREL ASIA

Ready‐to‐assemblefurnitureMetal folding furnitureDOREL ASIA

DOREL HOME PRODUCTSALTRA FURNITURE

Metal folding furnitureStep stools LaddersFutons  Bunk bedsUpholstery

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RRECENTECENT AACQUISITIONSCQUISITIONS

2003 Ampa France (Dorel France)

2004 Pacific Cycle

2007 IGC Australia (55% interest)

2008 Cannondale/SUGOI

2008  PTI Sports

2009 Baby Art (Hoppop Brand)2009  Baby Art (Hoppop Brand)

2009 Dorel Brazil (70% interest)

2009 IronHorse Bicycles2009 IronHorse Bicycles 

2009 Gemini Bicycles

2009 Hot Wheels Circle Bikes

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2009  Hot Wheels, Circle Bikes

RREVENUEEVENUE BYBY SSEGMENTEGMENT

20092009

JUVENILE

RECREATIONAL/LEISURE46%

32%

22%

/

HOME FURNISHINGS

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GGEOGRAPHICEOGRAPHIC DDISTRIBUTIONISTRIBUTION OFOF SSALESALES

((BYBY CUSTOMERCUSTOMER))((BYBY CUSTOMERCUSTOMER))

20092009

2%

US

CANADA

EUROPE

29%

63%6% EUROPE

OTHER

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MMANAGINGANAGING THETHE EECONOMICCONOMIC DDOWNTURNOWNTURN

2009

Highly proactive in product development

Invested in 5 acquisitions

Opening to mid‐price point products maintained strong point‐of‐sale levels

Exciting new product introductionsExciting new product introductions

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JJUVENILEUVENILE SSEGMENTEGMENT

Years Ended December 30

2009 2008

Revenues $  995,014  $  1,073,722

Gross Profit 274,497 309,680

Earnings from operations* 92,534 126,837

*Includes out of period F/X (losses)/gains $      (12.6)  $      8.9

Excluding F/X effect 105,134 117,937

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A WA WORLDORLD LLEADEREADER IINN JJUVENILEUVENILE

World’s largest Juvenile Products Company in our categories.

Consistent growth:Consistent growth:

5% average annual growth

6% earnings from operations CAGR6% earnings from operations CAGR

Intense product development = pipeline of new products

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A WA WORLDORLD LLEADEREADER ININ JJUVENILEUVENILEDOREL NORTH AMERICA in the MarketDOREL NORTH AMERICA in the Market

Booster Car Seats Convertible Car Seats Infant Car Seats Strollers Walkers High Chairs

NO 1 DOREL DOREL Graco DOREL DOREL Graco

O fl fl flNO 2 Graco Evenflo Evenflo Graco Evenflo DOREL

NO 3 Evenflo Graco Dorel McLaren/Kolkraft Fisher Price Fisher Price

Playards Travel Systems Bassinets Swings Bath Tubs Bath Accessories

NO 1 Graco Graco Graco Fisher Price Fisher Price Munchkins

NO 2 DOREL DOREL Kolkraft Graco DOREL SassyN 2 DOREL DOREL Kolkraft Graco DOREL Sassy

NO 3 Evenflo Evenflo Delta Kids II RC2 Kids II

Bedrails Feeding Booster Seat Potties Bouncers Diaper Pails Gates

NO 1 Summer DOREL DOREL Kids II Playtex Evenflo

NO 2 RC2 Fisher Price Fisher Price Fisher Price Baby Trend RC2

NO 3 DOREL Summer RC2 Summer DOREL Northstates

Homesafety Travel Safety Infant Health Monitors Feeding Infant Carriers

NO 1 DOREL Fisher Price DOREL DOREL Playtex Evenflo

NO 2 Kidco Munchkin RC2 Summer Evenflo Infantino

NO 3 Private Label DOREL Summer Fisher Price Avent Baby Bjorn

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Company estimates

IINNOVATIONNNOVATION –– NNORTHORTH AAMERICAMERICA

Revolutionary ground breaking safety

Air Protect™ ‐ developed by DJG and Kettering University 

Revolutionary, ground‐breaking safety feature designed to protect children in side impact collisionsInitial exclusive BRU launch in JulyInitial exclusive BRU launch in July enhanced DJG resultsAdditional retailers commencingJanuary 2010January 2010Air ProtectTM platform evolving withnew models to be introduced

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A WA WORLDORLD LLEADEREADER IINN JJUVENILEUVENILE

Dorel Europe

A major player – close to US$450 million in salesA major player close to US$450 million in sales

Strong brands

Majority of sales to Juvenile product chains boutiquesMajority of sales to Juvenile product chains, boutiques,independents

Building mass merchant relationships

General softness; no loss of market share

Strong new product introductions

Introducing products in lower to mid‐price point categories

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A WA WORLDORLD LLEADEREADER ININ JJUVENILEUVENILE

France Spain Italy Belgium Portugal Switzerland Netherlands Germany UK

S ll

DOREL EUROPE in the MarketDOREL EUROPE in the Market

NO 1 DOREL PLAY/JANE CHICCO DOREL DOREL CHICCO DOREL HAUCK GRACO

NO 2 CHICCO DOREL PEG PERICLES CHICCO DOREL BUGABOO HARTAN M&P

NO 3 MACLAREN CHICCO CAM BUGABOO BEBECAR BUGABOO MUTSY TEUTONIA MOTHERCARE

Strollers

NO 1 DOREL PLAY/JANE CHICCO DOREL DOREL DOREL DOREL RÖMER DOREL

NO 2 TEAM‐TEX DOREL CAM RÖMER CHICCO RÖMER RÖMER DOREL BRITAX

NO 3 RÖMER CHICCO INGLESINA CYBEX BEBECAR RECARO TEAM‐TEX RECARO GRACO

Carseats

NO 1 CHICCO JANE CHICCO CHICCO CHICCO CHICCO CHICCO HAUCK M&P

NO 2 DOREL CHICCO PERICLES BREVI DOREL STOKKE TOPMARK GRACO CHICCO

Furniture

NO 1 AVENT CHICCO CHICCO AVENT CHICO AVENT AVENT NUK AVENT

NO 2 TIGEX/NUK AVENT CHICCO AVENT BIBI CHICCO AVENT JACKELSmallNurseryProduct

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Company estimates

IINNOVATIONNNOVATION –– EEUROPEUROPE

Lightweight compact easy to

Quinny Senzz – designed by Dorel Europe

Lightweight, compact, easy to maneuver 

Features a one‐hand, flat one‐piece , pfold. Like a full‐feature stroller

Naturally shaped seat reclines for th hild’ ti f tthe child’s seating comfort

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IINNOVATIONNNOVATION –– EEUROPEUROPE

Maxi‐Cosi FamilyFixRevolutionary in car seat safety & 

iUses IsoFix attachment for top‐rate safety

convenience

p y

Only one base required for two consecutive age car seats (up to 3 5 years old)seats (up to 3.5 years old)

Light/sound confirmation of correct installation

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RRECREATIONALECREATIONAL//LLEISUREEISURE SSEGMENTEGMENT

Years Ended December 30

2009 2008

Revenues $ 681,366 $ 656,613

Gross Profit 153,739 150,804

Earnings from operations 39,837 41,874

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RRECREATIONALECREATIONAL//LLEISUREEISURE

Three distinct operating divisions

Cycling Sports Group (CSG)Cycling Sports Group (CSG)

IBD Division

Premium BrandsPremium Brands

Growing European distribution

Focusing on breakthrough technologyFocusing on breakthrough technology

Build Dorel’s bike business to # 1 position

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RRECREATIONALECREATIONAL//LLEISUREEISURE

Pacific Cycle

Mass merchants/sporting goods chainsMass merchants/sporting goods chains

Bicycle parts/accessories (PTI)

Provides one‐stop shop for buyersProvides one stop shop for buyers

Non‐bike platform of products

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RRECREATIONALECREATIONAL//LLEISUREEISURE

Apparel Footwear Group (AFG)

Growing performance apparel division incorporates SUGOIGrowing performance apparel division incorporates SUGOI, Cannondale, GT, Schwinn, IronHorse and Mongoose lines

New 70,000 sq. ft. Vancouver facility

New high speed equipment

New apparel industry veteran as President

Focus – custom apparel

Objective – triple business in 5 years

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RRECREATIONALECREATIONAL//LLEISUREEISURE

Worldwide Centers of Excellence Strategy

Evolve as global innovation leader in R/L marketsg /

5 Centers of Excellence around the world

Expansion of Bethel, CT into world‐class Innovation Center for all R/L brandsfor all R/L brands

Bedford, PA to test and assemble

Manufacturing of frames at new Taichung, Taiwan Centerg gof Excellence

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RRECREATIONALECREATIONAL//LLEISUREEISURE

2009 Acquisitions

Assets of Iron Horse BicyclesAssets of Iron Horse Bicycles

Best known for downhill/extreme trail bikes

Adds highly recognized brand to R/L portfolioAdds highly recognized brand to R/L portfolio

Targeting Sporting Goods channel

Assets of Australia’s Gemini BicyclesAssets of Australia s Gemini Bicycles

New division: Cycling Sports Group, Australia

Assets of Hot Wheels and Circle BikesAssets of Hot Wheels and Circle Bikes

New division: Cycling Sports Group, UK

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RRECREATIONALECREATIONAL//LLEISUREEISURE

A renewed commitment to the Schwinn brand

Schwinn is the bicycle most Americans learned to ride onSchwinn is the bicycle most Americans learned to ride on

Multi‐million dollar national marketing, dealer activation and support program

Objective: re‐energize America’s most iconic bicycle brand

Full‐page magazine ads, national cable TV and social media

D l i d i i i lDealer promotions, co‐op advertising, special events

Updated logo renews nostalgic feeling

Theme: Bicycle bell rings in Schwinn Br’ring ding: “Let’s GoTheme: Bicycle bell rings in Schwinn ‐‐ Br ring‐ding:  Let s Go For A Ride!”

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HHOMEOME FFURNISHINGSURNISHINGS SSEGMENTEGMENT

Years Ended December 30

2009 2008

Revenues $ 463,734 $ 451,545

Gross Profit 77,308 50,915

Earnings from operations 36,696 7,964

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GGROWINGROWING HHOMEOME FFURNISHINGSURNISHINGS –– MMUCHUCH IIMPROVEDMPROVED

Ameriwood – solidly profitable

Increased RTA capacity

Significant improvement at Cosco Home & Office (metal folding furniture, step stools)

Focus on reasonably priced furnitureFocus on reasonably priced furniture sold at mass merchants

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PPROVENROVEN CCORPORATEORPORATE SSTRATEGYTRATEGY

Recession resistant products

Right products right price points right timeRight products, right price points, right time

North American consumers are shopping more at mass merchants

Ensuring market flexibility in Europe, building relationships with mass merchants

Investing heavily in product innovation

Known brands

Generate strong cash flow

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SSUSTAINABILITYUSTAINABILITY PPHILOSOPHYHILOSOPHY

Active in sustainability on several fronts throughout allthree segments

By nature of large volume of units sold, Dorel’s eco‐conscious programs make an important contribution by reducing their environmental impactenvironmental impact

Despite goal of keeping prices to consumers low, Dorel intends to remain proactive in its sustainability initiatives

Strict policy in place to ensure sustainable business practices of suppliers

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SSUSTAINABILITYUSTAINABILITY IINITIATIVESNITIATIVESDHP: the first company supplying the mass market retailDHP:  the first company supplying the mass market retail segment with a futon made from 100% FSC certified wood

Altra Furniture: uses Bamboo in some furniture;S t P 100% i i dSmart Program ‐ 100% non‐virgin wood

Ameriwood: 

1 All saw dust scrap wood chips are recycled and returned to1. All saw dust, scrap, wood chips are recycled and returned to suppliers’ manufacturing processes

2. Over 500 tons of scrap metal is recycled annually

LEED Gold Certified distribution facility reduces carbon foot‐print with two coast distribution system

Safety 1st Nature Next Collection features products made y pfrom eco‐conscious materials

Warehouses are equipped with light sensors to eliminate entire areas being lit needlessly

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entire areas being lit needlessly

FFULLULL YYEAREAR –– 2009 2009 

(in millions of US$ other than EPS) 2009 2008(in millions of US$, other than EPS) 2009 2008

Revenue $  2,140.1  $   2,181.9

Pre‐tax income 128.3     132.0

Net income* 107.2  112.9

EPS (diluted) 3.21 3.38

*Includes out of period F/X (losses)/gains $       (12.6)   $         8.9

Excluding F/X effect 105,134 117,937

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Q4 Q4 –– 2009 2009 

(in millions of US$, other than EPS) 2009 2008Revenue $  545,303   $  479,880

3 months

$ , $ ,Net income 24,211      19,167 EPS (diluted) 0.73 (1) 0.57 (2)

1) Out of period F/X gain $0.02/diluted share2) Out of period F/X loss $0 15 / diluted share2) Out of period F/X loss $0.15 / diluted share

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NNEWEW LLONGONG­­TTERMERM FFINANCINGINANCING

• US$50 million Series “A” Senior Guaranteed Notes

4.24% interest

Principal repayment due April 2015

• US$150 million Series “B” Senior Guaranteed Notes

5.14% interest

Principal repayments commence April 2013, due April 2020

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OOUTLOOKUTLOOK

Established opportunities in Juvenile and Recreational/Leisure

Foresee organic growth through new international markets, new products

Continued innovative juvenile product introductionsContinued innovative juvenile product introductions through 2010

Increased IBD bike sales due to exciting new models

Growth at Apparel Footwear Group

Build on successes achieved in Home Furnishings

No significant improvement expected in world economybut Dorel’s products will protect Company to certain extent

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WWHYHY IINVESTNVEST ININ DDORELOREL??A consistent record of successful acquisitionsA consistent record of successful acquisitions

A focus on Juvenile and Bikes where Dorel is a key player

A strong performance in Home Furnishings

A portfolio of known, premium brands

Product development capabilities that drive growth

A f h i h d d i d i iA strategy of the right products and varied price points

Dedicated quality control/customer service by solidAsian presence

Established customer relationships

Strong cash flow

P t f t l di id dPayment of a quarterly dividend

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QQUESTIONUESTION & & AANSWERNSWER PPERIODERIOD

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Notes:

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