Slide 1: Quarterly Review: Second Quarter Ended July 31, 2025
QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025
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 our Fiscal Year 2026 Guidance & Outlook and related assumptions of the Company (including without limitation Revenues, Norma
Slide 3: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 QUARTERLY REVIEW Second Quarter Ended July 31, 2025
Slide 4: FY26 Q2 Financial Highlights
FY26 Q2 Financial Highlights Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ +4% +44% -10% $1,811 $1,888 $1.02 $0.79 $0.92 $0.55 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 Highlights vs. Last Year ◼ Revenues increased 4% resulting from improved
Slide 5: Global Trends Update
Global Trends Update Powersports Retail Growth by Region Market Dynamic › Global: As expected, BRP retail continued to be impacted by market share loss in non-current units ▪ Can-Am continued to gain market share in current units FY26 Q2 vs FY25 Q2 › North America: Canada continued to perform better
Slide 6: FY26 Q2 North America Retail Update
FY26 Q2 North America Retail Update Market Dynamic North American Retail Performance by Product Line FY26 Q2 vs FY25 Q2 FY26 H1 vs FY25 H1 OFF-ROAD VEHICLES MARKET INDUSTRY INDUSTRY ▪ Market share continued to be impacted by elevated levels of non- SHARE current inventory and increased promotional i
Slide 7: Club BRP 2026 Highlights: Introducing the All-new Can-Am Defender
Club BRP 2026 Highlights: Introducing the All-new Can-Am Defender The most refined and rugged utility SSV ▪ More power and torque ▪ Refined cockpit with improved NVH ▪ Class-leading clearance, cargo and towing capacity ▪ 10.25” touchscreen for a more connected ride ▪ Designed to facilitate accessori
Slide 8: Club BRP 2026 Highlights: Another Year of Solid Product Introductions
Club BRP 2026 Highlights: Another Year of Solid Product Introductions MY26 CAN-AM OUTLANDER MAX 6X6 MY26 CAN-AM MAVERICK R X RC Multiple key product introductions to position the business for continued success MAINTAINING OUR LEADERSHIP IN TERMS OF INNOVATION Introduced several product upgrades and
Slide 9: Year-Round Products
Year-Round Products Highlights Revenues CA$ millions Year-Round Products | Revenues up 13% +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 ◼
Slide 10: Seasonal Products
Seasonal Products Highlights Revenues CA$ millions Seasonal Products | Revenues down 13% -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
Slide 11: PA&A and OEM Engines
PA&A and OEM Engines Highlights Revenues CA$ millions PA&A and OEM Engines | Revenues up 7% +7% ◼ 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 $284 $305 ◼ Accessories
Slide 12: Sébastien Martel, Chief Financial Officer
SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 QUARTERLY REVIEW Second Quarter Ended July 31, 2025
Slide 13: FY26 Q2 Financial Overview
FY26 Q2 Financial Overview Highlights Net Income Bridge CA$ millions 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%) +7 Gross Profit $397.7 $399.3 -% $792.5 $921.0 (14%) +41 57 As a % of revenues 21.1% 22.0% 21.2% 24.2% (38) (27) 42 +3
Slide 14: BRP North American Powersports Dealer Inventory Update
BRP North American Powersports Dealer Inventory Update Inventory Position Overview Inventory Position Bridge DEALER INVENTORY DEALER INVENTORY EVOLUTION EVOLUTION VS FY25 Q2 North America Powersports, Units North America Powersports, Units Network Inventory Evolution by Product Line +2% ORV 3WV 2WV
Slide 15: FY26 Full-Year Guidance - as at August 29, 2025
FY26 Full-Year Guidance - as at August 29, 2025 FY25 FY26 Guidance ACTUAL EXPECTED RESULT REVENUES YEAR-ROUND PRODUCTS $4,307.2 $4,750M TO $4,800M SEASONAL PRODUCTS $2,370.4 $2,150M TO $2,200M PA&A AND OEM ENGINES $1,225.2 $1,250M TO $1,300M TOTAL REVENUES $7,902.8 $8,150M TO $8,300M TARIFFS UPDATE
Slide 16: FY26 Guidance: Expecting Solid Growth in H2
FY26 Guidance[1]: Expecting Solid Growth in H2 Expected Drivers of variations between H2: Key Financial Metrics Evolution FY26 H2[1] and FY25 H2 TOTAL NORMALIZED NORMALIZED REVENUES EBITDA[2] EPS – DILUTED[2] Tailwinds CA$ billions CA$ millions CA$ ◼ Wholesales more aligned with retail in ORV follow
Slide 17: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 QUARTERLY REVIEW Second Quarter Ended July 31, 2025
Slide 18: Closing Remarks
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
Slide 19: Q&A Period
Q&A PERIOD QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 QUARTERLY REVIEW Second Quarter Ended July 31, 2025
Slide 20: Appendix
APPENDIX QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2025 QUARTERLY REVIEW Second Quarter Ended July 31, 2025
Slide 21: Reconciliation Tables
Reconciliation Tables 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 $84.5 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities 7.0 11.8 (121.6) 82.5 Costs Related t
Slide 22: Reconciliation Tables: Free Cash Flow
Reconciliation Tables Free Cash Flow 3-month periods ended 12-month periods ended CA$ 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.
Slide 23: Appendix - Continued: Non-IFRS Measures
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 In
Slide 24: Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax
Ski-Doo Lynx Sea-Doo Can-Am Rotax