INVESTOR PRESENTATIONINVESTOR PRESENTATIONFirst Quarter 2010

ForwardForward‐‐Looking StatementsLooking StatementsExcept for historical information provided herein, this presentation may containinformation and statements of a forward‐looking nature concerning the futureperformance of Dorel Industries Inc. These statements are based on suppositionsand uncertainties as well as on management's best possible evaluation of futureand uncertainties as well as on management s best possible evaluation of futureevents. The business of the Company and these forward‐looking statements aresubject to a number of risks and uncertainties that could cause actual results todiffer from expected results. Important factors which could cause such differencesmay include, without excluding other considerations, increases in raw material costs,may include, without excluding other considerations, increases in raw material costs,particularly for key input factors such as particle board and resins; increases in oceanfreight container costs; failure of new products to meet demand expectations;changes to the Company’s effective income tax rate as a result of changes in theanticipated geographic mix of revenues; the impact of price pressures exerted byanticipated geographic mix of revenues; the impact of price pressures exerted bycompetitors, and settlements for product liability cases which exceed the Company’sinsurance coverage limits. A description of the above mentioned items and certainadditional risk factors are discussed in the Company’s Annual MD&A and AnnualInformation Form, filed with the Canadian securities regulatory authorities. The risko at o o , ed t t e Ca ad a secu t es egu ato y aut o t es e sfactors outlined in the previously mentioned documents are specifically incorporatedherein by reference. The Company’s business, financial condition, or operatingresults could be materially adversely affected if any of these risks and uncertaintieswere to materialize. Given these risks and uncertainties, investors should not place, pundue reliance on forward‐looking statements as a prediction of actual results.

Note: All figures are in US dollars.

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AtAt a a GlanceGlance

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

Play yards  Toddler bedsEarly learning/infanthealth/safety aidsSwings/stationary activity centres

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

Bicycles  Performance apparelJogging  strollers Swing sets Ride‐on  toys Otherrecreational products

AMERIWOODCOSCO HOME & OFFICEDOREL ASIA

Ready‐to‐assemble furnitureFolding chairs and tablesStep stools LaddersDOREL ASIA

DOREL HOME PRODUCTSALTRA FURNITURE

Step stools LaddersFutons  Bunk bedsUpholstered furniture

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RecentRecent AcquisitionsAcquisitions2003 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 Bikes2009 Hot Wheels, Circle Bikes4

Revenue by SegmentRevenue by Segment

2009 2008

22%

49%30%

21%

32%

22%46%

JUVENILE RECREATIONAL/LEISURE HOME FURNISHINGS/

5

GeographicGeographic Distribution of SalesDistribution of Sales(by (by customercustomer))

2009 2008

27%

4%

29%

2%

63%6% 6% 63%

US CANADA EUROPE OTHER

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Juvenile SegmentJuvenile Segment

Years Ended December 30

2009 2008Revenues $ 995,014 $ 1,073,722Gross Profit 274,497 309,680Earnings from operations* 92,534 126,837

*Includes out of period F/X (losses)/gains$ (12.6) $ 8.9Excluding F/X effect 105,134 117,937

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A World Leader In A World Leader In JuvenileJuvenile

World’s largest Juvenile Products Company in our categories.

Consistent growth:

5% average annual growth

6% earnings from operations CAGR

Intense product development = pipeline of new products

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A World Leader in A World Leader in JuvenileJuvenileDOREL NORTH AMERICA i th M k tDOREL NORTH AMERICA i th M k t

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

NO 1 DOREL DOREL Graco DOREL DOREL Graco

DOREL NORTH AMERICA in the MarketDOREL NORTH AMERICA in the Market

NO 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

Company estimates

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Innovation Innovation –– NorthNorth AmericaAmericaAi P t t™ d l d b DJG d K tt iAir Protect™ - developed by DJG and Kettering University

Revolutionary, ground‐breaking safety feature designed to protect children in side impact collisionsimpact collisions

Air ProtectTM platform evolving withnew models to be introduced at lower price points

European version introduced –Maxi Cosi RodiMaxi‐Cosi Rodi

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A World Leader In A World Leader In JuvenileJuvenile

Dorel Europe

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

Strong brands

Traditionally sales to Juvenile product chainsTraditionally 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, eg. Safety 1st – mid-price

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A World Leader In A World Leader In JuvenileJuvenile

France Spain Italy Belgium Portugal Switzerland Netherlands Germany UK

DOREL EUROPE in the MarketDOREL EUROPE in the Marketp y g g y

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

Ö

Carseats

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

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

NO 2 DOREL CHICCO PERICLES BREVI DOREL STOKKE TOPMARK GRACO CHICCO

FurnitureN 2 DOREL CHICCO PERICLES BREVI DOREL STOKKE TOPMARK GRACO CHICCO

NO 1 AVENT CHICCO CHICCO AVENT CHICO AVENT AVENT NUK AVENT

NO 2 TIGEX/NUK AVENT CHICCO AVENT BIBI CHICCO AVENT JACKELSmall NurseryProduct

Company estimates12

Innovation Innovation –– EuropeEurope

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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Innovation Innovation –– EuropeEurope

Maxi-Cosi FamilyFixRevolutionary in car seat

f t & iUses IsoFix attachment for top‐rate safety

safety & convenience

top ate sa ety

Only one base required for two consecutive age car 

( 3 5 ld)seats (up to 3.5 years old)

Light/sound confirmation of correct installationcorrect installation

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RecreationalRecreational//LeisureLeisure SegmentSegment

Years Ended December 30

2009 2008Revenues $ 681,366 $ 656,613Gross Profit 153,739 150,804Earnings from operations 39,837 41,874

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RecreationalRecreational//LeisureLeisure

Three distinct operating divisions

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

IBD Division

Premium BrandsPremium Brands

Growing dealer network

Growing European distributionGrowing European distribution

Focusing on breakthrough technology

Build Dorel’s bike business to # 1 positionBuild Dorel s bike business to # 1 position

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RecreationalRecreational//LeisureLeisure

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

Strong first quarter at mass merchants

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RecreationalRecreational//LeisureLeisure

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

Focus – custom apparel

Objective – triple business in 5 years

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RecreationalRecreational//LeisureLeisure

Worldwide Centers of Excellence Strategy

Evolve as global innovation leader in R/L markets

5 Centers of Excellence around the world

New talent recruited, structure simplified around brands to be more consumer‐driven

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RecreationalRecreational//LeisureLeisure

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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RecreationalRecreational//LeisureLeisure

A renewed commitment to the Schwinn brand

Schwinn is the bicycle most Americans learned to ride on

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

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

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

Dealer promotions, co‐op advertising, special events

Updated logo renews nostalgic feeling

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

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Home Home FurnishingsFurnishings SegmentSegment

Years Ended December 30

2009 2008Revenues $ 463,734 $ 451,545Gross Profit 77,308 50,915Earnings from operations 36,696 7,964

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GrowingGrowing Home Home FurnishingsFurnishings ––Much Much ImprovedImproved

Ameriwood – solidly profitableAmeriwood solidly profitable

Increased RTA capacity

Si ifi i C HSignificant improvement at Cosco Home & Office (metal folding furniture, step stools)

Focus on reasonably priced furniture sold at mass merchants

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ProvenProven CorporateCorporate StrategyStrategy

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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SustainabilitySustainability PhilosophyPhilosophy

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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SustainabilitySustainability InitiativesInitiativesDHP:  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;Altra Furniture: uses Bamboo in some furniture;Smart Program ‐ 100% non‐virgin wood

Ameriwood: 

1. 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 needlesslyg y

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Full Full YearYear –– 2009 2009 

(in millions of US$ other than EPS) 2009 2008(in millions of US$, other than EPS) 2009 2008Revenue $ 2,140.1 $ 2,181.9Pre-tax income 128.3 132.0Net income 107.2 112.9EPS (diluted) 3.21(1) 3.38(2)

(1) Includes after-tax out of period F/X loss of $0.30 / diluted shares(2) Includes after-tax out of period F/X gain of $0.22 / diluted sharesIncludes after tax out of period F/X gain of $0.22 / diluted shares

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First Quarter 2010 First Quarter 2010 

3 months

(in millions of US$, other than EPS) 2010 2009Revenue $ 596,313 $ 525,230Net income 37,367 28,029 EPS (diluted) 1.12 0.84

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New LongNew Long‐‐Term FinancingTerm Financing

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

4 24% interest4.24% interest

Principal repayment due April 2015

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

5.14% interest

Principal repayments commence April 2013, due April 20202020

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Outlook Outlook ‐‐ 20102010

Established opportunities in Juvenile and Recreational/Leisure

Consumer confidence returningConsumer confidence returning

Foresee organic growth through new international markets, new products

Continued innovative juvenile product introductions through2010

Increased IBD bike sales due to exciting new modelsIncreased IBD bike sales due to exciting new models

Build on successes achieved in Home Furnishings

Margins could be affected by rising commodity/freight costsMargins could be affected by rising commodity/freight costs

Excellent momentum places Dorel in advantageous position

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WhyWhy InvestInvest in in DorelDorel??

A consistent record of successful acquisitions

A focus on Juvenile and Bikes where Dorel is a key playerA 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 strategy of the right products and varied price points

Dedicated quality control/customer service by solidDedicated quality control/customer service by solid Asian presence

Established customer relationships

Strong cash flow

Payment of a quarterly dividend

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