Brunswick Corporation · NYSE:BC
Brunswick — Non-Deal Roadshow (2026)
26 slides from Brunswick's roadshow presentation, 2026
Slide 1: Q2 2026 Investor Meetings
Q2 2026 Investor Meetings Brunswick Corporation
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and projections about Brunswick’s business and by their natur
Slide 3: Use of Non-GAAP Financial Information and Constant Currency Reporting
Use of Non-GAAP Financial Information and Constant Currency Reporting In this presentation, Brunswick uses certain non-GAAP financial measures, which are numerical measures of a registrant’s historical or future financial performance, financial position, or cash flows that exclude amounts, or are su
Slide 4: About Brunswick
~50% of U.S. recreational boats are powered by 1000+ Mercury Marine engines patents since 2017 About — Brunswick 63k+ 3 out of 4 Freedom Boat Club Memberships Globally most recognizable U.S. boat brands ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 4
Slide 5: Unrivaled Capability and Pace; Advantaged Footprint
Unrivaled Capability and Pace; Advantaged Footprint On pace for 100+ 100+ Products Launched in 2025 Awards for the 5th Consecutive Year 70% U.S.-based COGS 90% U.S.-focused Investment ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 5
Slide 6: Reportable Segments: Propulsion, Engine P&A, Navico Group, Boat
Engine Parts Business Propulsion & Accessories Navico Group Boat Group Acceleration World Leader — World’s Largest — Leading Supplier — 18 Market-Leading — Ecosystem of — Outboard, sterndrive, and high- Supplier of captive marine Integrated marine electronics, Global boat brands, serving all Synergi
Slide 7: Q1 2026 – All Segments Grew YoY Sales for Third Consecutive Quarter
Q1 2026 – All Segments Grew YoY Sales for Third Consecutive Quarter Propulsion Engine P&A Navico Group Boat1 ✓ Record MIBS outboard show ✓ Continued strength in both ✓ Sales growth and operating ✓ Trend of retail acceleration from the share: 60% overall and 84% on- Products and Distribution drove ma
Slide 8: Leading with purpose-built innovation
Leading with purpose-built innovation Design Thinking 449+ Employees trained Intellectual Property1 196 Disclosures | 173 Patents filed 78 Team projects 180 Patents granted | 225 Inventors 2018 2019 2020 2021 2022 2023 2024 2025 2026 Propulsion Controls & Rigging Racing Major Releases 8 12 8 11 11 1
Slide 9: Market Position
We hold the U.S. & Canada Outboard and Sterndrive Global High Performance & Racing Global Recreational Marine P&A Largest Boat Club Globally #1 Share, Europe Outboard Share Engines, Drives & Propellers Distribution & Rec Fiberglass in Spain, & 11’-50' Outboard Saltwater Fish Premium Saltwater Fish P
Slide 10: A Global Leader in Marine Recreation & Technology
A Global Leader in Marine Recreation & Technology EU 17% CN 6% Headquartered in Mettawa, IL, US 65% a northern suburb of Chicago, Brunswick is present in 26 countries with sales in ~150 AP 6% countries around the world. 2026 Q1 Revenue Mix ROW 6% World Headquarters Mettawa, IL USA ©2026 BRUNSW ICK C
Slide 11: Exposed to Economic Cycles
250,000 U.S. New Powerboat Industry Retail Unit Registrations1 New Boat 200,000 Purchases are 150,000 Exposed to 100,000 Economic Cycles 50,000 - Boating Participation excl <16ft2 7,000,000 Boating Participation Remains Consistent 6,500,000 72% >90% Boating Participation Expect to remain where Weath
Slide 12: New Boat Sales and Participation Historically Uncorrelated to Oil Price
New Boat Sales and Participation Historically Uncorrelated to Oil Price Oil Price vs. Retail Unit Sales Typical Cost of Ownership Breakdown1 Boat Group COGS Fuel & operating cost Oil linked materials Storage Other raw materials Maint. & repair Insurance, financing, Labor, overhead, other 2006 2007 2
Slide 13: Freedom Boat Club – the World's Largest Boat Club
Freedom Boat Club – the World’s Largest Boat Club Freedom Boat Club ✓ Profitable, high-growth, recurring-revenue business model ✓ Expands boating participation to broader demographic Freedom Corporate ✓ Drives synergies across the Brunswick portfolio Freedom Key Stats Franchise ✓ Grown from ~170 (in
Slide 14: Cutting-Edge Product Innovation
Cutting-Edge Product Innovation 330 Outrage Boost Keyless System SLX 360 NSO 4 Flite RACE ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 14
Slide 15: Financial Profile
Financial Profile ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 15
Slide 16: Q1 2026 Results Highlights
✓ Q1 sales increased for all segments vs. prior year ✓ Strong operating leverage $1.4B $0.70 1 drove EPS growth, overcoming the impact of incremental tariffs Net Sales Adjusted EPS (+13% vs. Q1 2025) (+25% vs. Q1 2025) ✓ Q1 U.S. outboard retail Q1 2026 share up 200 bps YoY • Exceptional start to 202
Slide 17: 2026 Guidance
2026 Guidance1 $4.25 EPS guidance midpoint up 30% from 2025 $5.65B to $5.8B 7.5% to 8.0% Revenue Operating Margin Previously: $5.6B to $5.8B No change $4.00 to $4.50 $350M+ EPS Free Cash Flow Previously: $3.80 to $4.40 No change $1.45B to $1.55B $1.10 to $1.20 Q2 Revenue Q2 EPS 1EACH ON AN “AS ADJUS
Slide 18: Shareholder Return
Shareholder Return 14 $1.7B ~70% Consecutive Years Share Repurchases Net Income Returned of Dividend (since 2019)1 to Shareholders Increases (since 2019) 68% 114% LTM Stock Price Total Shareholder Return Appreciation1 (since 2019)1 2 1 PERFORMANCE AS OF 5/5/2026. 2 FOCUSED MARINE STRATEGY EXECUTION
Slide 19: Appendix
BRUNSW ICK CORPORATION Appendix ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 19
Slide 20: 2026 Outlook – Segment Guide
2026 Outlook – Segment Guide1 Propulsion Engine P&A Navico Group Boat Revenue Growth High Low-to-Mid Mid High Guide2 Single-Digit Percent Single-Digit Percent Single-Digit Percent Single-Digit Percent Previously: M-HSD% No change No change Previously: M-HSD% Operating Margin Up 30+ ~20% Up 100+ Up 1
Slide 21: 2026 Outlook – Capital Strategy and Other Assumptions
2026 Outlook – Capital Strategy and Other Assumptions1 Debt Average Diluted Effective Tax Rate Net Working Capital Retirement Shares Outstanding Net Interest Expense As Adjusted2 Generation ~$160M ~65.5M ~$95M ~22% ~$50M Positive Currency Net Incremental Tariff Capital Expenditures Share Repurchases
Slide 22: Net Sales – Q1 2026
Net Sales – Q1 2026 Net Sales increased by $156.3 million, or 13% Segments Q1 2026 Q1 2025 % Change Propulsion $571.3 $487.0 17% NET Engine Parts & Accessories Navico Group 289.8 223.5 255.3 208.2 14% 7% SALES Boat 394.7 372.1 6% Segment Eliminations (101.2) (100.8) 0% (in millions) Total $1,378.1 $
Slide 23: GAAP to Non-GAAP Reconciliations – Q1 2026
GAAP to Non-GAAP Reconciliations – Q1 2026 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) Q1 2026 Q1 2025 Q1 2026 Q1 2025 GAAP $50.3 $56.3 $0.32 $0.30 Purchase accounting amortization 14.5 14.6 0.18 0.18 Supplier b
Slide 24: GAAP to Non-GAAP Reconciliations – Q1 2026 by Segment
GAAP to Non-GAAP Reconciliations – Q1 2026 Operating Earnings By Segment Q1 2026 (in millions) Propulsion Engine P&A Navico Group Boat Corporate Net sales $571.3 $289.8 $223.5 $394.7 — GAAP operating earnings (loss) 34.4 45.6 5.1 6.5 (41.3) Purchase accounting amortization 0.3 — 13.1 1.1 — Supplier
Slide 25: Tax Rate
Tax Rate Q1 2026 Q1 2025 Q1 Effective Tax Rate - GAAP Effective Tax Rate - As Adjusted 1 21.9% 22.1% 28.1% 22.1% (1) TAX PROVISION, AS ADJUSTED, EXCLUDES ($0.6) MILLION AND $1.8 MILLION OF NET PROVISIONS (BENEFITS) FOR SPECIAL TAX ITEMS FOR Q1 2026 AND Q1 2025, RESPECTIVELY. 2026 outlook for the adj
Slide 26: Free Cash Flow
Free Cash Flow (in millions) Q1 2026 Q1 2025 Net cash used for operating activities from continuing operations ($63.7) ($13.4) Net cash (used for) provided by: Q1 Capital expenditures (57.2) (37.7) Proceeds from sale of property, plant, equipment 4.7 3.4 Effect of exchange rate changes (0.6) 3.3 Fre