Xpel Technologies (DAP.U or XPLT) sells paint protection products that protect the vehicle from damage caused by rocks, gravel, salt, acid rain and sand. The company’s Ultimate Film has driven significant sales growth since 2011. When we first looked at Xpel it reminded us a lot of ZAGG (ZAGG) from back in 2008-09 when sales were just starting to ramp. Xpel has profitably grown revenues from $6 million in 2011, to ~$16 million for the LTM. The company has no debt, and a very clean share structure with only 25.7m shares outstanding with no options or warrants. We expect the growth trend to continue as more independent installers, new car dealerships, and international distributors, partner with Xpel. Several members on MicroCapClub have done exhaustive due diligence traveling to numerous dealers and attending car shows. As the company scales it’s business in 2014 and beyond we expect to start to see operating leverage drop more income to the bottom line. We also believe a possible up-listing to a major exchange in 2014 will bring many more eyes on the name.

1. XPEL TECHNOLOGIES CORP.
MicroCapClub Invitational

2. FORWARD LOOKING STATEMENTS
This Presentation contains certain forward-looking statements in respect of various
matters including upcoming events that involve known and unknown risks and
uncertainties that are beyond the control of Management. Those risks and uncertainties
include, among other things, risks related to: share prices, liquidity, creditworthiness,
currency, insurance, dilution, ability to access capital markets, interest rates, dependence
on key personnel and environmental matters. Management believes that the expectations
reflected in forward-looking statements are based upon reasonable assumptions and
information currently available; however, Management can give no assurance that actual
results will be consistent with these forward-looking statements. Factors and assumptions
that were applied in drawing conclusions and could cause actual results, performance, or
achievements to differ materially from those expressed or implied by forward-looking
statements, include, but are not limited to, general economic conditions, competition,
availability of manufacturing supply or quality, availability and quality of raw materials, the
Company’s ability to maintain key employees and other factors identified in the “Risk
Factors” section of the Company’s Management’s Discussion and Analysis (MD&A)
available at www.xpel.com/relations.

3. PAINT PROTECTION FILM
• Film Protects Painted
Surfaces from Rock Chips
and other Damage
• Made on a Roll, Cut to Fit
• Requires Professional
Installation
• Usually Sold Around
Vehicle Purchase
Rock Chips - #1 New Car CSI Issue

4. CORPORATE OVERVIEW
• Ticker: TSXV: DAP.U
• Founded 1997
• Based in San Antonio, Texas
• ~40 Employees
• Stock Price*: $1.47
• Market Cap*: $37.9M
• ~50% Insider Ownership
• No Warrants or Options
* Based on 25.7 million shares outstanding as of January 14th, 2014

5. REVENUE BY QUARTER
$6,000,000
$5,000,000
First
ULTIMATE
Film Sale
$4,000,000
$3,000,000
Expand
Awareness
Campaigns
$4,898,729
Revamp
Sales
Force/Comp
$2,000,000
$1,160,767
$1,000,000 $880,755
$0
Q1
Q2
Q3
Q4
Q4
Q1
Q2
Q3
Q4
Q2
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2008 2008 2008 2008 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013

6. NET INCOME BY QUARTER
$800,000
$600,000
$400,000
New
Management
$596,895
$392,895
$200,000
$0
($200,000)
($400,000)
($600,000)
($800,000)
($1,000,000)
($1,200,000)
Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2008 2008 2008 2008 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013
Pre-Tax
Net

7. PRODUCT OVERVIEW
Film
Services
Chemicals
DIY
• ULTIMATE
• DAP
• Installation
• Headlight
• XTREME
• Training
• Care
• Door Edge
• Stealth
• Installation
• Industrial
• Headlight
• Window Tint
• Door Sill
• TracWrap

8. ULTIMATE™ FILM CONSTRUCTION
“ULTIMATE” Clear Coat
Polyurethane
Adhesive
Release Liner
• 10-Year Warranty
• Optically Clear, Minimal “Orange Peel”
• Resists Staining
• Self Healing

9. DESIGN ACCESS PROGRAM
• Internet-Based Cutting
Program
• Real Time Design Updates
• Over 70,000 Vehicle
Applications
• Key Differentiator, Pull Through
Tool

10. INSTALLATION TRAINING
• 4-Day Starter Course
• 1-Day Advanced Course
• Training Starts Learning
Process
• Also Offered Offsite,
Internationally

11. FILM INSTALLATION

12. XPEL VALUE PROPOSITION
• We Sell Solutions First, Products Second
• Offer Highest Quality Products
• Generate Awareness, Loyalty Through Marketing
Campaigns and Referral Programs

13. SALES DRIVERS
Who You Are
Enthusiast
First Time
Buyer/Long
Term Owner
Serial Vehicle
Leaser
Your car is your
passion
This is a largest
investment, it
needs to be
protected
Looking to save on
You buy what they
damage charges at
want you to buy
return
“Coast”
Winter Weather
China
Middle East
Early adopter:
ex: California
Denver, SLC,
Alberta
Acid Rain
Sand
Dealership
Customer
Where You Are

14. CUSTOMER BASE
• Independent Installers ~ 70% of Customers
• New Car Dealerships
• Retail Public / Catalog
• International Distributors ~ 30% of Sales
• Largest Customer 7% of Sales
International
Canada
China
Middle East

15. GROWTH PROSPECTS
• Dealerships Need Tangible Products
• PPF Often Tops List of Most Profitable*
• Rock Chips Continues as Top CSI Complaint
• Independent Installers Seek New Products
• Where Will Penetration Go?
*AddOnAuto 2013 Auto Accessories Annual Trend Report

16. INDUSTRY GROWTH PROSPECTS
• Current Industry: 2-4% Penetration
• Select Markets 20%+
• US 15M SAAR
–
15M * 10% Penetration * $120 wholesale per car
–
= $180M at wholesale industry size

17. REQUIREMENTS FOR GROWTH
• Invest in XPEL Brand
• Increase Product Awareness
–
Push – Consumer Awareness
–
Pull – Dealership Education
• Develop Labor Force
• Open and Expand Markets Globally
• Create New Verticals