Slide 1: BRP Inc. FY27 Q2 Earnings Presentation
Forward-Looking Statements BRP INC. FY27 Q2 Earnings Presentation September 3, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to statements relating to the Company’s revised Fiscal Year 2027 guidance and related assumptions (including, without limitation: Revenues, Normalized
Slide 3: Business Review
BUSINESS REVIEW DENIS LE VOT PRESIDENT AND CHIEF EXECUTIVE OFFICER
Slide 4: FY27 Q2 Financial Highlights
FY27 Q2 Financial Highlights REVENUES DILUTED EARNINGS PER SHARE NORMALIZED DILUTED EARNINGS PER SHARE[1] CA$ millions CA$ CA$ +18% NM NM $0.79 $0.92 ($1.88) ($0.18) $2,237 $1,888 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 HIGHLIGHTS VS. LAST YEAR ◼ REVENUES: Up 18%, primarily driven by higher
Slide 5: FY27 Q2 North American Network Inventory Update
FY27 Q2 North American Network Inventory Update INVENTORY POSITION OVERVIEW INVENTORY POSITION BRIDGE DEALER INVENTORY DEALER INVENTORY HISTORICAL EVOLUTION EVOLUTION VS LAST YEAR North America Powersports, Units North America Powersports, Units +4% -19% +2% ▲2% FY20 Q2 FY25 Q2 FY26 Q2 FY27 Q2 FY26
Slide 6: FY27 Q2 Market Trends Update
FY27 Q2 Market Trends Update FY27 Q2 KEY TRENDS RETAIL TRENDS BY REGION NORTH AMERICA FY27 Q2 VS FY26 Q2 ▪ Industry modestly up, driven by continued strength in ORV, supported by ongoing utility segment momentum, partially offset by softer PWC trends INDUSTRY ▪ BRP outperformed the industry through
Slide 7: Can-Am SSV
Can-Am SSV Season 2026: Solid market share gains primarily driven by the success of the new Can-Am Defender HD11 Can-Am SSV Season 2026 retail sales growth ▲ HIGH-SINGLE DIGIT % Can-Am Utility SSV Season 2026 retail sales growth ▲ LOW-TEEN % Can-Am SSV Season 2026 market share gain in current units
Slide 8: Can-Am ATV
Can-Am ATV Season 2026: Solid market share gains in the higher-profitability segments of the industry Can-Am ATV Season 2026 retail sales growth ▲ LOW-SINGLE DIGIT % Can-Am ATV Season 2026 market share gain in current units ▲ OVER 4pp 2026 CAN-AM OUTLANDER XT-P 1000R Note: All figures refer to North
Slide 9: Sea-Doo PWC
Sea-Doo PWC FY27 Q2: Retail in line with the industry supported by strong market share gains in current units Sea-Doo PWC Q2 retail sales growth ▼ LOW-SINGLE DIGIT % Sea-Doo PWC Q2 market share gain in current units ▲ OVER 6pp 2026 SEA-DOO GTX, GTI, SPARK, FISH PRO AND RXP-X Note: All figures refer
Slide 10: FY27 Q2 North America Retail Update
FY27 Q2 North America Retail Update FY27 Q2 HIGHLIGHTS NORTH AMERICAN RETAIL PERFORMANCE BY PRODUCT LINE FY27 Q2 VS FY26 Q2 OFF-ROAD VEHICLES MARKET ▪ SSV industry continued to be fueled by the Utility segment, INDUSTRY SHARE notably by the fast-growing CAB category LOW-SINGLE ▪ Continued to gain ma
Slide 11: Club BRP 2027: Reinforcing Product Leadership across the Portfolio
Club BRP 2027: Reinforcing Product Leadership across the Portfolio MY27 SEA-DOO RXP-X SENNA 350 MY27 CAN-AM OUTLANDER X MR MAX Powered by the industry's most powerful production engine New MAX configuration for the Outlander X mr models, and offered in an exclusive limited-edition RXP-X Senna design
Slide 12: Club BRP 2027 Highlights: Strengthening our Defender lineup
Club BRP 2027 Highlights: Strengthening our Defender lineup in one of the fastest-growing and highest-value segments of the SSV market NORTH AMERICAN SSV UTILITY CAB UNIT INDUSTRY CAB UNITS REPRESENTED CLOSE TO 50% OF THE UTILITY SSV INDUSTRY IN S26 >4X EXPANDING OUR DEFENDER PORTFOLIO WITH THE NEW
Slide 13: Committed to the Future of ORV Innovation
Committed to the Future of ORV Innovation: To release major off-road product announcements every six months for the next four years CAN-AM DEFENDER PRERUNNER CAN-AM DEFENDER PRERUNNER CONCEPT VEHICLE CAN-AM MAVERICK R XRAY CONCEPT VEHICLE CAN-AM MAVERICK R XRAY Focused on becoming the #1 brand in OR
Slide 14: Financial Review
FINANCIAL REVIEW SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER
Slide 15: FY27 Q2 Financial Review: Revenues Overview
FY27 Q2 Financial Review: Revenues Overview FINANCIAL OVERVIEW Q2 REVENUES OVERVIEW CA$ millions Q2 YEAR-TO-DATE YEAR-ROUND SEASONAL PA&A, OEM ENGINES CA$ millions FY27 FY26 Change FY27 FY26 Change PRODUCTS PRODUCTS AND OTHERS Total Revenues $2,236.8 $1,888.2 +18% $4,628.6 $3,735.1 +24% +33% -9% +6%
Slide 16: FY27 Q2 Financial Review: Profitability Overview
FY27 Q2 Financial Review: Profitability Overview FINANCIAL OVERVIEW Q2 PROFITABILITY OVERVIEW CA$ millions Q2 YEAR-TO-DATE GROSS PROFIT NORMALIZED CA$ millions FY27 FY26 Change FY27 FY26 Change MARGIN EBITDA[1] Total Revenues $2,236.8 $1,888.2 +18% $4,628.6 $3,735.1 +24% -610bps -35% Gross Profit 26
Slide 17: FY27 Revised Full-Year Guidance
FY27 Revised Full-Year Guidance - as at September 3, 2026 FY26 REVISED FY27 GUIDANCE PREVIOUS FY27 GUIDANCE ACTUAL AS AT SEPTEMBER 3, 2026 AS AT MAY 28, 2026 REVENUES YEAR-ROUND PRODUCTS $4,802.4M $5,475M to $5,600M $5,325M to $5,450M SEASONAL PRODUCTS $2,291.5M $2,375M to $2,450M $2,425M to $2,500M
Slide 18: Closing Remarks
CLOSING REMARKS DENIS LE VOT PRESIDENT AND CHIEF EXECUTIVE OFFICER
Slide 19: Closing Remarks
Closing Remarks Strong momentum heading into H2: H1 financial results exceeded expectations, supported by continued retail strength led by ORV and higher-margin segments Executing with discipline: Focused on delivering our plan while managing through a dynamic environment Advancing our M28 strategy:
Slide 20: Q&A Period
Q&A PERIOD FY27 Q2 Earnings Presentation September 3, 2026
Slide 21: Appendix
APPENDIX FY27 Q2 Earnings Presentation September 3, 2026
Slide 22: FY27 Q2 Net Income Bridge
FY27 Q2 Net Income Bridge NET INCOME BRIDGE NORMALIZED NET INCOME[1] BRIDGE CA$ millions CA$ millions +28 +77 +28 57 (261) +77 (196) (137) +12 67 (50) (13) +9 (6) FY26 Q2 Volume Net Pricing Production Costs Net Financing Foreign FY27 Q2 FY26 Q2 Volume Net Pricing Production Costs Net Financing Forei
Slide 23: Reconciliation Tables: Normalized Metrics
Reconciliation Tables: Normalized Metrics 3-MONTH PERIODS ENDED 6-MONTH PERIODS ENDED CA$ millions Jul. 31, 2026 Jul. 31, 2025 Jul. 31, 2026 Jul. 31, 2025 Net Income / (Loss) ($136.8) $57.1 ($9.5) $218.1 Normalized Elements: Foreign Exchange Loss / (Gain) on Long-term Debt and Lease Liabilities 73.7
Slide 24: Reconciliation Tables: Free Cash Flow
Reconciliation Tables: Free Cash Flow 3-MONTH PERIODS ENDED 6-MONTH PERIODS ENDED CA$ millions Jul. 31, 2026 Jul. 31, 2025 Jul. 31, 2026 Jul. 31, 2025 Net Cash Flows Generated from Operating Activities $261.3 $117.3 $686.8 $373.1 Additions to Property, Plant and Equipment (59.4) (70.4) (105.5) (115.
Slide 25: Additional Information
Additional Information 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
Slide 26: Thank You
THANK YOU Sk¥-iloo LYWX Sseees00. Cal-aim ROTAX