Brunswick Corporation · NYSE:BC
Brunswick — Non-Deal Roadshow (2025)
28 slides from Brunswick's roadshow presentation, 2025
Slide 1: Q3 2025 Investor Meetings
Q3 2025 Investor Meetings Brunswick Corporation Executive Summary
Slide 2: Forward-Looking Statements
BRUNSW ICK CORPORATION – EARNINGS RELEASE 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 abo
Slide 3: Use of Non-GAAP Financial Information and Constant Currency Reporting
BRUNSW ICK CORPORATION – EARNINGS RELEASE 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
Slide 4: About Brunswick
BRUNSW ICK CORPORATION ~50% of U.S. recreational boats are powered by 800+ Mercury Marine engines patents since 2017 About — Brunswick ~60k 3 out of 4 Freedom Boat Club Memberships Globally most recognizable U.S. boat brands ©2025 BRUNSWICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 4
Slide 5: Enhancing & Expanding Brunswick Leadership
Enhancing & Expanding Brunswick Leadership On Pace for 100+ 100+ Products to be Launched Awards for the 4th in 2025 Consecutive Year 3rd 80% Consecutive Year ## US based COGS 85% increase in revenue US focused Investment ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 5
Slide 6: Propulsion, Engine Parts & Accessories, Navico Group, Boat Business Acceleration
Engine Parts Navico Boat Business Propulsion & Accessories Group Group Acceleration World Leader — World’s Largest — Leading Supplier — 19 Market-Leading — Eco-system of — Outboard, sterndrive and high- Supplier of captive marine Integrated marine electronics, Global boat brands, serving all Synergi
Slide 7: 2Q Performance Highlights the Value of the Combined Portfolio
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2Q Performance Highlights the Value of the Combined Portfolio Propulsion Engine Parts Navico Group Boat1 & Accessories Sales growth driven by strong Marine and RV OEM performance Multiple new model launches with outboard performance in Q2 YTD sales a
Slide 8: Leading with purpose-built innovation
PRODUCT LEADERSHIP | HISTORIC VIEW Design Thinking Intellectual Property** Leading with purpose-built innovation 423+ Employees trained 78 Team projects 142 Disclosures | 111 Patents filed 79 Patents granted | 110 Inventors 2018 2019 2020 2021 2022 2023 2024 2025 Propulsion Controls & Rigging Racing
Slide 9: Position
1 We hold the U.S. & Canada Outboard and Sterndrive Share, Europe Outboard Share Global High Performance & Racing Engines, Drives & Propellers Global Recreational Marine P&A Distribution Largest Boat Club Globally # & & & & Position 11’-50' Outboard Saltwater Fish 11’-40’ Runabout and Deck I/O Premi
Slide 10: A Global Leader in Marine Recreation & Technology
BRUNSW ICK CORPORATION – EARNINGS RELEASE A Global Leader in Marine Recreation & Technology EU 15% CN 5% Headquartered in Mettawa, IL, US 67% a northern suburb of Chicago, Brunswick is present in 26 countries with sales in 170 AP 7% countries around the world. 25Q2 Revenue Mix ROW 6% World Headquart
Slide 11: Boat Market Demand & Participation
Boat Market Demand & Participation With retail boat market near historic lows, Brunswick well-poised for a recovery 250,000 U.S. New Powerboat Industry Retail Unit Registrations New Boat 200,000 Purchases are 150,000 Exposed to Economic 100,000 Cycles 50,000 - Boating Participation excl <16ft 7,000,
Slide 12: 2025 Tariff Update
2025 Tariff Update1 ~70% of enterprise COGS are sourced from the United States Estimated 2025 % of 2025 Impact, Net of COGS2 Mitigation China <5% $20 – 30M3,4 Mexico ~10% <$5M Canada <5% <$5M ROW <10% <$20M Section 232 <5% <$10M Net of offsets, we could see an incremental $55 - $70M4 headwind from t
Slide 13: Brunswick Leadership Position and Competitive Advantage
Brunswick Leadership Position and Competitive Advantage Focused growth initiatives with improved efficiency advance our market leadership position Strategy Working — Continue to Pursue Growth — Execution, Efficiency Strong Financial Profile – Outperforming Peers Adapt to Changing Landscape and Enter
Slide 14: Cutting-Edge Products, Synergies, and Business Innovation
BRUNSW ICK CORPORATION – EARNINGS RELEASE Cutting-Edge Products, Synergies, and Business Innovation AutoTrack for Sunliner Dubai Freedom Franchise Simrad HALO Protector R Edition V10 425hp Verado SDX 230 ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 14
Slide 15: Financial Profile
BRUNSW ICK CORPORATION Financial Profile ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 15
Slide 16: $1.4B Net Sales Q2 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE Sales increased over Q2 2024, stable earnings excluding tariffs and $1.4B $1.16 variable comp. reinstatement 1 Record Q2 and first-half Net Sales Adjusted EPS free cash flow (+0.2% vs. Q2 2024) (-36% vs. Q2 2024) Q2 2025 Boat and engine pipeline invent
Slide 17: 2025 Guidance
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2025 Guidance1 ~$5.2B ~7.0% Revenue Operating Margin Previously: $5.0B to $5.4B Previously: 6.5% to 8.0% ~$3.25 $400M+ EPS Free Cash Flow Previously: $2.50 to $4.00 Previously: $350M+ $1.1B to $1.3B $0.75 to $0.90 Q3 Revenue Q3 EPS 1EACH ON AN “AS ADJUSTED”
Slide 18: Shareholder Return
Shareholder Return 13 $1.6B ~70% Consecutive of Share of Net Income years of Repurchases returned to Dividend (since 2019) Shareholders increases (since 2019) ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 18
Slide 19: Appendix
BRUNSW ICK CORPORATION Appendix ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 19
Slide 20: 2025 Outlook Segment Guide
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2025 Outlook Segment Guide1 Propulsion Engine P&A Navico Group Boat Net Sales Guide2 ~$2.0B $1.1 - $1.2B ~$0.8B ~$1.5B Previously: $1.9 to No Change No Change Previously: $1.5 to $1.6B $2.0B High ~20% Mid to High Mid Single Digit Percent Single Digit Percent
Slide 21: 2025 Outlook – Capital Strategy and Other Assumptions
BRUNSWICK CORPORATION – EARNINGS RELEASE 2025 Outlook – Capital Strategy and Other Assumptions Average Diluted Net Working Capital Debt Retirement Shares Outstanding Net Interest Expense Generation ~$175M ~66M ~$110M ~$100M Previously: ~$125M Capital Expenditures Share Repurchases Depreciation Curre
Slide 22: Net Sales – Q2 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – Q2 2025 Net Sales increased by $3.1 million, or 0.2 percent Segments Q2 2025 Q2 2024 % Change Propulsion $598.2 $558.0 7% Engine Parts & Accessories 337.8 336.1 1% NET Navico Group 202.3 210.1 (4%) SALES Boat Segment Eliminations 405.6 (96.9) 434
Slide 23: Net Sales – YTD 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – YTD 2025 Net Sales decreased by $140.1 million, or 5 percent Segments YTD 2025 YTD 2024 % Change Propulsion $1,085.2 $1,136.2 (5%) NET Engine Parts & Accessories 593.1 598.5 (1%) Navico Group 410.5 421.0 (3%) SALES Boat 777.7 859.9 (10%) (in mill
Slide 24: GAAP to Non-GAAP Reconciliations – Q2 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q2 2025 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) Q2 2025 Q2 2024 Q2 2025 Q2 2024 GAAP $103.3 $158.3 $0.90 $1.55 Restructuring, exit
Slide 25: GAAP to Non-GAAP Reconciliations – YTD 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – YTD 2025 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) YTD 2025 YTD 2024 YTD 2025 YTD 2024 GAAP $159.6 $268.9 $1.21 $2.54 Restructuring,
Slide 26: Tax Rate
BRUNSW ICK CORPORATION – EARNINGS RELEASE Tax Rate Q2 2025 Q2 2024 Q2 Effective Tax Rate - GAAP 1 20.8% 20.9% Effective Tax Rate - As Adjusted 21.5% 21.6% YTD 2025 YTD 2024 Effective Tax Rate - GAAP 22.8% 21.1% YTD Effective Tax Rate - As Adjusted 1 21.7% 21.6% (1) TAX PROVISION, AS ADJUSTED, EXCLUD
Slide 27: Free Cash Flow
BRUNSW ICK CORPORATION – EARNINGS RELEASE Free Cash Flow (in millions) Q2 2025 Q2 2024 Net cash used for operating activities from continuing operations $322.5 $215.7 Net cash (used for) provided by: Q2 Capital expenditures (44.9) (47.1) Proceeds from sale of property, plant, equipment 3.4 3.1 Effec
Slide 28: Free Cash Flow
BRUNSW ICK CORPORATION – EARNINGS RELEASE Free Cash Flow (in millions) Q4 2024 Q1 2025 Net cash provided by (used for) operating activities from continuing operations $312.0 ($13.4) Net cash (used for) provided by: Capital expenditures (30.3) (37.7) Proceeds from sale of property, plant, equipment 6