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SECOND QUARTER ENDED JULY 31, 2025 QUARTERLY REVIEW
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 2 Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to statements relating to our Fiscal Year 2026 Guidance & Outlook and related assumptions of the Company (including without limitation Revenues, Normalized EBITDA, Normalized Earnings per Share – Diluted, Net Income, Depreciation Expenses Adjusted, Net Financing Costs Adjusted, Effective Tax Rates, Weighted Average Number of Shares – Diluted and Capital Expenditures) , its expectations in terms of tariff impact for Fiscal 2026 and ability to monitor them and find solutions, its current and future plans, including its decision to double down on Powersports to capitalize on market opportunities, position the business to manage through this challenging environment and come out stronger, prospects, expectations, anticipations, estimates and intentions, results, levels of activity, performance, objectives, targets, goals, achievements, priorities and strategies, including its continued focus on tight network inventory management, operational efficiency, product mix, market growth, margin improvement, ability to align wholesale with retail, increasing promotional spend and proactively managing production to protect dealer value proposition, the value of the brands and of long-term profitable growth, financial position, including without limitation its expectations in terms of financial performance and approach to foreign exchange fluctuations, market position, including expected market share volatility notably in light of fluctuating inventory from other OEMs but expected market share gains in current units and with respect to recently introduced models, capabilities, competitive strengths and beliefs, the prospects, trends and macroeconomic environment of the industries and markets in which the Company operates, including softer industry trends and sustained promotional intensity and pricing actions, the expected continued appeal for the Company’s products and services, notably on the basis of levels of pre-bookings and its ability to maintain a sustainable growth, the ongoing commitment to invest in research and product development activities and push the boundaries of innovation, including the expectation of regular flow of new features, technologies and products and development of market-shaping products, including projected design, characteristics, capacity or performance of future products and their expected scheduled entry to market, and the anticipated impact of such product introductions, including without limitation improvement to dealer sentiment, expected financial requirements and the availability of capital resources and liquidity, the Company’s ability to complete its process for the sale of its Marine businesses as expected and to manage and mitigate the risks associated therewith, including the ability to separate the Marine businesses within the anticipated time periods and at expected cost levels and expected proceeds, the impact of the sale of the Marine businesses on the Company’s financial profile, and any other future events or developments and other statements in this presentation that are not historical facts constitute forward-looking statements within the meaning of applicable securities laws. The words “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements are presented for the purpose of assisting readers in understanding certain key elements of the Company’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Investors and others should not place undue reliance on forward- looking statements made in this presentation. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on a number of assumptions, both general and specific, as further described below. Many factors could cause the Company’s actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in section "Risk Factors" of the Company's management's discussion and analysis (MD&A) for the quarter ended on January 31, 2025 and in the Company's other continuous disclosure filings (available on SEDAR + at www.sedarplus.ca and on EDGAR at www.sec.gov). The forward-looking statements contained in this presentation are made as of the date of this presentation and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities regulations. In the event that the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters or any other forward-looking statement. Key assumptions The Company made a number of economic, market and operational assumptions in preparing and making certain forward-looking statements contained in this presentation, including without limitation the following assumptions: softer industries in both Seasonal and Year-Round Products and a continuously challenging macroeconomic environment; expected market share volatility; main currencies in which the Company operates will remain at near current levels; levels of inflation, which are expected to continue to ease; there will be no significant changes in tax laws or treaties applicable to the Company; the Company’s margins are expected to continue to be pressured by lower volumes; the supply base will remain able to support product development and planned production rates on commercially acceptable terms in a timely manner; the absence of unusually adverse weather conditions, especially in peak seasons. BRP cautions that its assumptions may not materialize, and that the currently challenging macroeconomic and geopolitical environment in which it evolves may render such assumptions, although believed reasonable at the time they were made, subject to greater uncertainty. Specifically, these assumptions do not incorporate additional changes to the current tariff situation. Given the fast-evolving situation and the high degree of uncertainty around the duration of a potential trade war, it is difficult to predict how the effects would flow through the economy. New tariffs could significantly affect the outlooks for economic growth, consumer spending, inflation and the Canadian dollar. All amounts in this presentation are expressed in Canadian dollars, unless otherwise indicated.
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 FY26 Q2 Financial Highlights Q2 financial results ahead of expectations 4 Diluted Earnings per Share Normalized Diluted Earnings per Share[1] ◼ Revenues increased 4% resulting from improved shipments of Off-Road Vehicles partially offset by lower volume of PWC deliveries ◼ Normalized EBITDA[1] declined 9% to $213M and normalized diluted earnings per share[1] decreased 10% to $0.92 ◼ Free cash flow[2] generation increased 54% to $99M ◼ Net Income of $57M and diluted earnings per share of $0.79 ◼ FY26 Q2 North American Powersports retail sales declined 11% primarily due to softer trends in PWC and 3WV ◼ North American network inventory well positioned, down 20% Highlights vs. Last Year *Results presented above reflect continuing operations only, see the “Forward-Looking Statements” section for more details [1]For a reconciliation of net income to Normalized Net Income, Normalized EBITDA and Normalized Earnings per Share – Diluted, see the reconciliation table in appendix [2]Free cash flow is defined as net cash flow from operating activities minus capital expenditures CA$ millions Revenues $1,811 $1,888 FY25 Q2 FY26 Q2 +4% CA$ $0.55 $0.79 FY25 Q2 FY26 Q2 +44% CA$ $1.02 $0.92 FY25 Q2 FY26 Q2 -10%
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 Global Trends Update 5 › Global: As expected, BRP retail continued to be impacted by market share loss in non-current units ▪ Can-Am continued to gain market share in current units › North America: Canada continued to perform better than the US ▪ Canada Powersports industry growth primarily driven by ORV ▪ Can-Am achieved a record quarter at retail for SSV in Canada in Q2 › EMEA: Generally soft industry trends ▪ Macroeconomic environment remains muted in the region ▪ Eastern Europe performed better than Western Europe › Latin America: Sustained solid momentum ▪ Continued solid growth for Can-Am in ORV in Mexico › Asia-Pacific: Improved trends across the region ▪ More stable environment in Australia and New Zealand ▪ Continued momentum for BRP in China Slight improvement in global trends in Q2 compared to previous quarters Powersports Retail Growth by Region CANADA UNITED STATES EMEA LATIN AMERICA ASIA-PACIFIC INDUSTRY 4% 15% 13% 22% 5% LOW-SINGLE DIGIT % LOW-SINGLE DIGIT % NOT AVAILABLE Market Dynamic FY26 Q2 vs FY25 Q2 LOW- TEEN % LOW-SINGLE DIGIT %
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 FY26 Q2 North America Retail Update 6 BRP retail challenged by unfavourable industry dynamics and weather North American Retail Performance by Product LineMarket Dynamic OFF-ROAD VEHICLES ▪ Market share continued to be impacted by elevated levels of non- current inventory and increased promotional intensity from other OEMs ▪ Can-Am leaner inventory levels resulted in lower availability of non- current units, and consequently, in market share loss ▪ We continued to diligently manage our shipments ahead of new product launches, further reducing our ORV network inventory in the quarter vs Q1 levels ▪ Still, Can-Am continued to gain market share in the quarter in current units in both SSV and ATV 3WV, PWC AND PONTOON ▪ Slow start of the quarter due to a combination of softer industry trends and unfavourable weather ▪ Retail trends improved in July driven by better weather and supported by promotional activity ▪ Delivered significant network inventory reductions across all three product lines in the quarter TOTAL POWERSPORTS TOTAL EXCL. PWC SIDE-BY-SIDE VEHICLES ALL-TERRAIN VEHICLES THREE-WHEEL VEHICLES PERSONAL WATERCRAFTS PONTOONS (SEA-DOO SWITCH) SNOWMOBILES FY26 Q2 vs FY25 Q2 FY26 H1 vs FY25 H1 INDUSTRY INDUSTRY 11% 8% MID-SINGLE DIGIT % LOW-SINGLE DIGIT % MID 20% MID- TEEN % MID 20% LOW-SINGLE DIGIT % LOW-SINGLE DIGIT % LOW-SINGLE DIGIT % LOW-SINGLE DIGIT % LOW 20% LOW- TEEN % NOT AVAILABLE 6% 4% HIGH 20% LOW TEEN % MID 20% LOW-SINGLE DIGIT % FLAT LOW-SINGLE DIGIT % LOW-SINGLE DIGIT % LOW 20% HIGH-SINGLE DIGIT % NOT AVAILABLE HIGH-SINGLE DIGIT % MARKET SHARE NOT AVAILABLE OFF SEASON LOW-SINGLE DIGIT %
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 7 Club BRP 2026 Highlights: Introducing the All-new Can-Am Defender Introducing the most refined and rugged utility side-by-side, further improving our class-leading line-up in the largest and fastest growing segment of the SSV industry The most refined and rugged utility SSV MORE REFINED AND COMFORTABLE COCKPIT NEW HD11 ENGINE SPECIFICALLY CALIBRATED FOR UTILITY APPLICATIONS CLASS-LEADING CLEARANCE, CARGO, AND TOWING ▪ More power and torque ▪ Class-leading clearance, cargo and towing capacity ▪ Designed to facilitate accessorization and maintenance ▪ Refined cockpit with improved NVH ▪ 10.25” touchscreen for a more connected ride ▪ Quieter and more comfortable CAB with an industry-leading HVAC system Utility SSV: The largest and fastest growing segment in the industry S19 S20 S21 S22 S23 S24 S25 NORTH AMERICAN FULL-SIZE UTILITY SSV INDUSTRY Units +46% Utility proportion of the SSV Industry Over 2/3 Growth in Premium Utility SSV vs pre-covid Over 270% Growth in CAB Utility SSV vs pre-covid Almost 7X NORTH AMERICA SSV INDUSTRY SEASON 2025 KEY METRICS
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 8 MY26 SEA-DOO PWC LINE-UP: IMPROVED CONNECTIVITY MY26 CAN-AM OUTLANDER MAX 6X6 MY26 SEA-DOO SWITCH LINE-UP: 300HP ENGINE ADDITION MY26 CAN-AM OUTLANDER ELECTRIC MY26 CAN-AM SPYDER SEA-TO-SKY MY26 CAN-AM MAVERICK R X RC The all-new high-end rock-crawling model built on the industry-leading Maverick R platform Deploying our 10.25’’ touchscreen display on ~30% of our line-up for MY26 Offering more comfort, premiumness, and touring features Offering more power and ~60% more fuel capacity The first mass-production electric ATV on the market Leveraging our successful new Outlander high-cc platform to offer the ultimate utility ATV Club BRP 2026 Highlights: Another Year of Solid Product Introductions Delivered another successful Club, unveiling multiple key product innovations and boosting dealer sentiment MAINTAINING OUR LEADERSHIP IN TERMS OF INNOVATION Introduced several product upgrades and new technologies that are expected to drive consumer interest CONTINUING TO GROW OUR ADDRESSABLE MARKET Expanded our offering into new segments, types of usage, and price points MAINTAINING OUR FOCUS ON MARGIN IMPROVEMENT Launched several high-end and high-margin models New products to leverage our existing manufacturing footprint Continued the expansion of our modular design Thoughtful design of new products to maximize accessorization potential Multiple key product introductions to position the business for continued success
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 OTHER OEMS OTHER OEMS 9 Year-Round Products Quarterly BRP Season- to-Date BRP INDUSTRY Highlights ◼ Can-Am ORV: Ended Season 2025 lagging the industry for which retail was fuelled by high levels of discounted non-current inventory from other OEMs ◼ Gained over 3pp of market share in both SSV and ATV in current units for the season, notably driven by the strong consumer demand for our new Can-Am Maverick R Max and our new ATV mid and high-cc platforms ◼ Can-Am 3WV: Retail continued to be impacted by macroeconomic pressure on entry-level consumers, notably putting pressure on the demand for the Can-Am Ryker ◼ Can-Am 2WV: Took the #1 position in the North American electric motorcycle industry despite retail performing below expectations Retail Sales Update North American Year-over-year retail growth MID-SINGLE DIGIT % LOW-SINGLE DIGIT % FLAT[1] MID-SINGLE DIGIT %[1]HIGH-SINGLE DIGIT %[1] LOW-SINGLE DIGIT %[1] INDUSTRY LOW-SINGLE DIGIT %LOW-SINGLE DIGIT % LOW 20% HIGH 20% MID 20% SIDE-BY-SIDE VEHICLES ALL-TERRAIN VEHICLES THREE-WHEELED VEHICLES MID 20% [1]For the season completed at the end of June *See appendix for definition of seasons by product line Year-Round Products | Revenues up 13% ◼ Higher volume of products sold and favourable product mix in ORV, and favourable pricing across product lines ◼ Lower volume of products sold, unfavourable product mix and higher sales programs on 3WV ◼ Favourable Fx impact Revenues $985 $1,114 FY25 Q2 FY26 Q2 +13% Highlights CA$ millions Can-Am ORV: Season 2025 Marked by the Non-current Dynamic Current Units UP MID-SINGLE DIGIT % DOWN LOW-TEEN % DOWN HIGH-TEEN % UP HIGH-TEEN % Non-Current Units SEASON 2025 NORTH AMERICAN ORV INDUSTRY GROWTH North America, Season 2025 vs Season 2024 Units Growth Our leaner inventory levels resulted in lower availability of non-current units, and consequently, in market share loss for the season as these units are typically more heavily discounted. Still, we outperformed in the more profitable current units driven by our recently introduced models and the overall strength of our line -up.
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 10 Seasonal Products Seasonal Products | Revenues down 13% ◼ Lower volume of products sold in PWC as planned as we focused on right sizing network inventory levels ◼ Higher sales programs in snowmobiles ◼ Favourable mix in PWC, pricing across product lines, and Fx impact [1]Based on the US industry of Pontoons with length of 21 feet and less *See appendix for definition of seasons by product line Revenues $542 $470 FY25 Q2 FY26 Q2 -13% Highlights Sea-Doo PWC: Delivered on our Network Inventory Reduction Plan CA$ millions Quarterly BRP Season- to-Date BRP INDUSTRY MID-TEEN % MID-SINGLE DIGIT % LOW-TEEN % INDUSTRY LOW-TEEN % NOT AVAILABLE MID 20% NOT AVAILABLE PONTOON MID 20% North American Year-over-year retail growth SNOWMOBILES PERSONAL WATERCRAFTS Retail Sales Update Highlights ◼ Sea-Doo PWC North American retail pressured by general softer industry trends for marine products and improved product availability from competitors ◼ Sea-Doo PWC about flat in Asia-Pacific and up low-single digit % in Latin America ◼ Sea-Doo Switch North American retail also pressured by general softer industry trends for marine products, but remains the #2 player in the US[1] season-to-date as at the end of June based on industry estimates OFF SEASON OFF SEASON OFF SEASON OFF SEASON NORTH AMERICAN SEA-DOO Q2 NETWORK INVENTORY Units FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Our disciplined management of PWC production allowed us to deliver on our network inventory reduction objective, bringing it back in-line with pre-covid levels at the end of Q2 +2% -31%
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 11 PA&A and OEM Engines PA&A and OEM Engines | Revenues up 7% Revenues $284 $305 FY25 Q2 FY26 Q2 +7% Highlights CA$ millions *Results presented above reflect continuing operations only, see the “Forward -Looking Statements” section for more details Introduced an extensive line-up of well integrated, connected, and modular accessories with the all-new Can-Am Defender ◼ Higher volume in PA&A ◼ Higher pricing across product categories ◼ Favourable Fx impact ◼ Parts: Up mid-teen % primarily driven by strong dealer orders across most product lines ◼ Accessories : Up low-single digit % driven by solid growth in ORV fueled by our extensive product portfolio, partially offset by a decline in PWC due to softer unit retail trends All-New Can-Am Defender: Over 200 Accessories Available at Launch
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 13 FY26 Q2 Financial Overview [1]For a reconciliation of net income to Normalized Net Income, Normalized EBITDA and Normalized Earnings per Share – Diluted, see the reconciliation table in appendix [2]Free cash flow is defined as net cash flow from operating activities minus capital expenditures [3]Including Depreciation [4]Including foreign exchange impact on long-term debt *Results presented above reflect continuing operations only, see the “Forward-Looking Statements” section for more details Highlights Net Income Bridge CA$ millions Normalized Net Income[1] Bridge CA$ millions [3] [4] [3] 42 57 +32 +41 +7 (38) (27) FY25 Q2 Volume and Mix Net Pricing Production Costs and Operating Expenses Net Financing Costs and Income Tax Expense Foreign Exchange FY26 Q2 77 67 +32 +22 +3 (38) (28) FY25 Q2 Volume and Mix Net Pricing Production Costs and Operating Expenses Net Financing Costs and Income Tax Expense Foreign Exchange FY26 Q2 Q2 H1 CA$ millions FY26 FY25 Change FY26 FY25 Change Total Revenues $1,888.2 $1,811.1 +4% $3,735.1 $3,811.1 (2%) Gross Profit $397.7 $399.3 -% $792.5 $921.0 (14%) As a % of revenues 21.1% 22.0% 21.2% 24.2% Operating Income $90.4 $120.6 (25%) $184.3 $310.9 (41%) Normalized EBITDA[1] $213.2 $234.9 (9%) $414.0 $542.3 (24%) As a % of revenues 11.3% 13.0% 11.1% 14.2% Net Income / (Loss) $57.1 $42.0 +36% $218.1 $84.5 +158% EPS – Diluted $0.79 $0.55 +44% $2.98 $1.11 +168% Normalized Net Income[1] $66.9 $76.5 (13%) $101.5 $197.0 (49%) Normalized EPS – Diluted[1] $0.92 $1.02 (10%) $1.39 $2.60 (47%) Free Cash Flow[2] $98.6 $64.1 +54% $301.9 $165.2 +83% CAPEX $78.2 $95.3 (18%) $131.9 $168.0 (21%)
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 Network Inventory Evolution by Product Line FY20 Q2 FY25 Q2 FY26 Q2 BRP North American Powersports Dealer Inventory Update 14 Ended Q2 with leaner levels of network inventory putting us in a solid position as we start shipping our newly introduced models Inventory Position BridgeInventory Position Overview DEALER INVENTORY EVOLUTION North America Powersports, Units +2% Network inventory only up 2%, or down 1% when excluding new product lines, from pre-covid levels Reduced our network inventory across all product lines over the last year, except for 2W as we are in the first year of shipments FY25 Q2 ORV 3WV 2W PWC Sea-Doo Switch Snowmobiles FY26 Q2 DEALER INVENTORY EVOLUTION VS FY25 Q2 North America Powersports, Units ▼20% (Pre Covid) -20% ORV ▼15% 3WV ▼34% PWC ▼31% Sea-Doo Switch ▼46% Snowmobiles ▼10% 2WV N/A
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 15 FY26 Full-Year Guidance - as at August 29, 2025 Other assumptions for FY26 Guidance: ◼ Depreciation expense Adjusted: ~$445M (Compared to $425M in FY25) ◼ Net Financing Costs Adjusted: ~$200M (Compared to $172M in FY25) ◼ Effective Tax Rate[1][2]: ~21% (Compared to 21.3% in FY25) ◼ Weighted average number of shares – diluted: ~73.8M shares (Compared to 74.6M in FY25) ◼ Capital Expenditures: ~$410M (Compared to $405M in FY25) [1]See the “Non-IFRS Measures” at the end of this presentation [2]Effective tax rate based on Normalized Earnings before Normalized Income Tax [3]Please see Forward-Looking Statements at the beginning of this presentation for a summary of key assumptions and important risk factors underlying the FY26 guidance [4]All numbers are in $CA millions, except for the effective tax rate and per share figures [5]Estimated gross tariff impact as at August 29, 2025 REVENUES YEAR-ROUND PRODUCTS NET INCOME FY25 FY26 Guidance EXPECTED RESULTACTUAL SEASONAL PRODUCTS PA&A AND OEM ENGINES TOTAL REVENUES NORMALIZED EBITDA[1] NORMALIZED EPS – DILUTED[1] $4,307.2 $2,370.4 $1,225.2 $7,902.8 $1,057.7 $4.86 $64.6 $4,750M TO $4,800M $2,150M TO $2,200M $1,250M TO $1,300M $8,150M TO $8,300M $1,040M TO $1,090M $4.25 TO $4.75 $430M TO $470M TARIFFS UPDATE Based on currently available information, our guidance incorporates an estimated tariff impact of ~$90M for FY26[5]
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 16 FY26 Guidance[1]: Expecting Solid Growth in H2 Our new product introductions coupled with lean network inventory levels are putting us in a position to deliver solid growth in H2 H2: Key Financial Metrics Evolution Expected Drivers of variations between FY26 H2[1] and FY25 H2 $4.1B $4.4B - $4.6B FY25 FY26 Implied Guidance TOTAL REVENUES CA$ billions NORMALIZED EBITDA[2] CA$ millions $515M $627M - $676M FY25 FY26 Implied Guidance NORMALIZED EPS – DILUTED[2] CA$ $2.24 $2.87 - $3.37 FY25 FY26 Implied Guidance Tailwinds ◼ Wholesales more aligned with retail in ORV following the right-sizing of our network inventory ◼ Initial shipments of our newly introduced models, notably the all-new Can-Am Defender ◼ Favourable product mix ◼ Operational efficiency gains Headwinds ◼ Lower Snowmobile shipments to right-size network inventory ◼ Higher sales programs given elevated promotional environment ◼ Higher costs primarily related to tariffs, investments in growth and variable compensation ◼ Higher financing costs and tax rate 8% to 12% 22% to 31% 28% to 51% [1]Based on Guidance uidance as at August 29, 2025 [2]See the “Non-IFRS Measures” at the end of this presentation [1] [1] [1]
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 Leaner network inventory, improving dealer sentiment and key product introductions are all lining up at the right time, setting the stage for a stronger second half of the year Closing Remarks CLOSED H1 WITH SOLID RESULTS DESPITE A CHALLENGING ENVIRONMENT ▪ Our solid execution and operational excellence enabled us to navigate challenging macroeconomic environment and industry dynamic to deliver results ahead of plan NETWORK INVENTORY RIGHT-SIZING MOSTLY COMPLETED ▪ Was the first OEM to proactively reduce our network inventory to protect the value of our brands and support our dealers ▪ Positions us favourably to seize market opportunities going forward DELIVERED ANOTHER YEAR OF SOLID PRODUCT INTRODUCTIONS ▪ Brought meaningful innovation to the market, providing significant growth opportunities for us and our dealers ▪ Well received by our dealers and the media, boosting sentiment and driving momentum as we enter the second half of the year 18
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 Q&A PERIOD
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 APPENDIX
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 21 Reconciliation Tables [1]Transaction costs and depreciation of intangible assets related to business combinations. [2]Costs associated with restructuring and reorganization activities, which are mainly composed of severance costs. [3]Includes the impact of accelerated vesting of executive management stock options [4]Other elements include incremental fair value recorded as a result of a special long -term incentive program, transaction costs a ssociated with the sale of the Marine businesses and fees associated with the secondary offering that occurred during Fiscal 2025. [5]Income tax adjustment is related to the income tax on Normalized elements subject to tax and for which income tax has been re cognized and to the adjustment related to the impact of foreign currency translation from Mexican operations. [6]See “Non-IFRS Measures” section. *Results presented above reflect continuing operations only, see the “Forward -Looking Statements” section for more details 3-month periods ended 6-month periods ended CA$ millions Jul. 31, 2025 Jul. 31, 2024 Jul. 31, 2025 Jul. 31, 2024 Net Income / (Loss) $57.1 $42.0 $218.1 $84.5 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities 7.0 11.8 (121.6) 82.5 Costs Related to Business Combinations[1] 3.3 3.8 6.4 7.0 Restructuring and Related Costs[2] - 8.9 0.5 23.1 Cost of Special Long-term Incentive Program 4.4 - 4.4 - Executive Management Transition Costs[3] 2.5 - 2.5 - Other Elements[4] 1.0 - 1.4 0.9 Income Tax Adjustment[5][6] (8.4) 10.0 (10.2) (1.0) Normalized Net Income[6] 66.9 76.5 101.5 197.0 Normalized Income Tax Expense[6] (12.4) 10.8 3.4 52.6 Financing Costs 50.5 50.1 97.1 98.7 Financing Income (3.3) (4.0) (4.6) (5.8) Depreciation Expense Adjusted[6] 111.5 101.5 216.6 199.8 Normalized EBITDA[6] $213.2 $234.9 $414.0 $542.3 Weighted Average Number of Shares – Diluted 73,616,757 74,722,829 73,569,234 75,371,619 Normalized Earnings per Share – Diluted[6] $0.92 $1.02 $1.39 $2.60
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 22 Reconciliation Tables 3-month periods ended 12-month periods ended CA$ millions Jul. 31, 2025 Jul. 31, 2024 Jul. 31, 2025 Jul. 31, 2024 Net Cash Flows Generated from Operating Activities $117.3 $110.4 $373.1 $232.0 Additions to Property, Plant and Equipment (70.4) (98.5) (115.5) (165.3) Additions to Intangible Assets (9.0) (7.2) (18.4) (15.5) Free Cash Flow[1] $37.9 $4.7 $239.2 $51.2 Free Cash Flow from Continuing Operations[1] $98.6 $64.1 $301.9 $165.2 Free Cash Flow used in Discontinued Operations[1] ($60.7) ($59.4) ($62.7) ($114.0) Free Cash Flow [1]See “Non-IFRS Measures” section
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QUARTERLY REVIEW Second Quarter Ended July 31, 2025 23 Appendix - Continued Non-IFRS Measures Normalized EBITDA is defined as net income before financing costs, financing income, income tax expense (recovery), depreciation expense and normalized elements. Normalized EBITDA margin is defined as the Normalized EBITDA divided by revenues. Normalized Net Income is defined as net income before normalized elements adjusted to reflect the tax effect on these elements. Normalized income tax expense is defined as income tax expense adjusted to reflect the tax effect on normalized elements and to normalize specific tax elements. Normalized effective tax rate is based on normalized net income before normalized income tax expense. Normalized earnings per share – diluted is calculated by dividing the normalized net income by the weighted average number of shares – diluted. Additional details for these non-IFRS can be found in section “Non-IFRS Measures and Reconciliation Tables” of the Company's MD&A for the quarter ended July 31, 2025, which is posted on BRP’s website at www.BRP.com, and filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Product Lines Seasons ▪ SSV: July to June ▪ ATV: July to June ▪ 3WV: November to October ▪ Snowmobile: April to March ▪ PWC: October to September ▪ Boat: August to July