Slide 1: Quarterly Review: Third Quarter Ended October 31, 2024
QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to those relating to the Company’s Fiscal Year 2025, including financial information shared on continued operations only given the reclassification of
Slide 3: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2024 QUARTERLY REVIEW Third Quarter Ended October 31, 2024
Slide 4: FY25 Q3 Highlights
FY25 Q3 Highlights DELIVERED FINANCIAL RESULTS ABOVE EXPECTATIONS Driven by earlier than planned snowmobile shipments and tight management of expenses RETAIL PERFORMED IN LINE WITH EXPECTATIONS Retail declined as expected driven by soft industry trends and high-level of non-current inventory from co
Slide 5: FY25 Q3 Financial Highlights
FY25 Q3 Financial Highlights Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ -18% -68% -64% $2,371 $1,956 $3.24 $1.16 $0.37 $1.16 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 Highlights vs. Last Year ◼ Revenues decreased 18% resulting from lower s
Slide 6: BRP North American Powersports Dealer Inventory Update
BRP North American Powersports Dealer Inventory Update Inventory Position Overview Inventory Position Bridge from Q4 DEALER INVENTORY DEALER INVENTORY EVOLUTION EVOLUTION VS Q4 North America Powersports, Units North America Powersports, Units -8% Seasonal Improved inventory build -10% inventory ahea
Slide 7: Global Trends Update
Global Trends Update Powersports Retail Growth by Region Market Dynamic › North America: Canada performed better than the US ▪ Canada Powersports industry was about flat in the quarter FY25 Q3 vs FY24 Q3 while the US industry was down high-single digit % ▪ Delivered a record retail performance in Ca
Slide 8: FY25 Q3 North America Retail Update
FY25 Q3 North America Retail Update Market Dynamic North American Retail Performance by Product Line FY25 Q3 vs FY24 Q3 FY25 Q3 YTD vs FY24 Q3 YTD Retail trends improved through the quarter MARKET ▪ Soft industry trends in August and September, more stable in INDUSTRY INDUSTRY SHARE October MID-SING
Slide 9: Can-Am ORV Market Share Impacted by Non-current Dynamic
Can-Am ORV Market Share Impacted by Non-current Dynamic ORV Industry Current / ORV Non-Current ORV Current Non-Current Retail Mix Retail Growth Retail Growth FY25 Q3 NORTH AMERICAN FY25 Q3 NORTH AMERICAN FY25 Q3 NORTH AMERICAN ORV INDUSTRY ORV INDUSTRY GROWTH ORV INDUSTRY GROWTH Units FY25 Q3 vs FY2
Slide 10: Can-Am Origin and Pulse Launch Update
Can-Am Origin and Pulse Launch Update Media Event – Austin, Texas Media Event – Cannes, France Key Developments MEDIA EVENTS Organized two media events in North America and Europe that helped to generate over 900 articles and 3.8 billion impressions TRADE SHOWS Large presence in key motorcycle trade
Slide 11: Year-Round Products
Year-Round Products Highlights Revenues CA$ millions Year-Round Products | Revenues down 12% -12% ◼ Lower volume of products sold as planned as we focus on reducing network inventory levels ◼ Higher sales programs ◼ Favourable product mix of SSV, pricing and Fx impact $1,181 $1,036 Retail Sales Upda
Slide 12: Seasonal Products
Seasonal Products Highlights Revenues CA$ millions Seasonal Products | Revenues down 29% -29% ◼ Lower volume of products sold as planned as we focus on reducing network inventory levels ◼ Higher sales programs and unfavourable product mix ◼ Favourable pricing $869 $616 Retail Sales Update PERSONAL F
Slide 13: PA&A and OEM Engines
PA&A and OEM Engines Highlights Revenues CA$ millions PA&A and OEM Engines | Revenues down 6% -6% ◼ Lower volume of PA&A sold due to high level of inventory for snowmobile ◼ Favourable pricing and Fx impact ◼ Parts: Up mid-single digit % primarily driven by the growth of the fleet of vehicle in use
Slide 14: Sébastien Martel, Chief Financial Officer
SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2024 QUARTERLY REVIEW Third Quarter Ended October 31, 2024
Slide 15: FY25 Q3 Financial Overview
FY25 Q3 Financial Overview Highlights Net Income Bridge CA$ millions 3-month periods ended 9-month periods ended CA$ millions FY25 FY24 Change FY25 FY24 Change Total Revenues $1,955.7 $2,371.0 (18%) $5,732.1 $7,351.5 (22%) 90 27 (180) Gross Profit $430.0 $643.0 (33%) $1,344.2 $1,973.5 (32%) +127 As
Slide 16: FY25 Full-Year Guidance - as at December 6, 2024
FY25 Full-Year Guidance - as at December 6, 2024 New Guidance – Continuing Operations Previous Guidance FY24 FY25 Guidance FY24 FY25 Guidance ACTUAL AS AT DECEMBER 6, 2024 ACTUAL AS AT SEPTEMBER 6, 2024 REVENUES YEAR-ROUND PRODUCTS $5,339.4 DOWN 20% TO 22% $5,339.4 DOWN 20% TO 22% SEASONAL PRODUCTS
Slide 17: Financial Implications of the Sale of our Marine Businesses
Financial Implications of the Sale of our Marine Businesses Financial Implications Impact on FY25 Guidance and Outlook Our Marine businesses have been reclassified as NORMALIZED NORMALIZED discontinued operations for reporting purposes REVENUES EBITDA EPS - DILUTED FREE CASH FLOW[1] ▪ Our Rotax Jet
Slide 18: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2024 QUARTERLY REVIEW Third Quarter Ended October 31, 2024
Slide 19: Closing Remarks
Closing Remarks FOCUSED ON DELIVERING OUR NETWORK INVENTORY REDUCTION OBJECTIVE BY THE END OF FY25 › Leading the industry with our proactive approach to network inventory management to support our dealers and protect their business, the value of our brands and our long-term profitable growth › Reduc
Slide 20: Q&A Period
Q&A PERIOD QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2024 QUARTERLY REVIEW Third Quarter Ended October 31, 2024
Slide 21: Appendix
APPENDIX QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2024 QUARTERLY REVIEW Third Quarter Ended October 31, 2024
Slide 22: Reconciliation Tables
Reconciliation Tables 3-month periods ended 9-month periods ended CA$ millions Oct. 31, 2024 Oct. 31, 2023 Oct. 31, 2024 Oct. 31, 2023 Net Income / (Loss) $27.3 $90.1 $107.2 $628.9 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities 26.2 142.1 108.7 108.3 Gain on NCIB
Slide 23: Reconciliation Tables
Reconciliation Tables Free Cash Flow 9-month periods ended CA$ millions Oct. 31, 2024 Oct. 31, 2023 Net Cash Flows Generated from Operating Activities $432.9 $1,053.2 Additions to Property, Plant and Equipment (279.0) (333.1) Additions to Intangible Assets (20.8) (25.6) Free Cash Flow[1] $133.1 $694
Slide 24: 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 25: BRP brand logos
us Ski-Doo Lynx Sea-Doo Can-Am Rotax Alumacraft Manitou FT) ADVENTURE BY DESIGN Quintrex