Slide 1: Quarterly Review: Second Quarter Ended July 31, 2021
QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to, relating to our Fiscal Year 2022 financial guidance (including revenues, Normalized EBITDA, Effective Tax Rate, Normalized earnings per share, net
Slide 3: José Boisjoli, President and CEO
JOSÉ BOISJOLI PRESIDENT PRESIDENT AND AND CHIEF CHIEF EXECUTIVE EXECUTIVE OFFICER OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20212018 QUARTERLY REVIEW Second Quarter Ended July 31, 2021
Slide 4: FY22 Q2 Highlights
FY22 Q2 Highlights Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ +54% +72% +154% $1 904 $2,46 $2,89 $1 233 $1,43 $1,14 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Q2 Highlights vs. Last Year Revenues increased 54% primarily driven by a higher vo
Slide 5: Retail Growth Limited by Product Availability
Retail Growth Limited by Product Availability North American Powersports Retail and Network Inventory FY22 Q2 North American Powersports Retail Growth FY20 FY21 FY22 H1 VS. FY21 Q2 VS. FY20 Q2 Annual Retail Average Days Annual Retail Average Days Retail Average Days Units Units Growth of Inventory G
Slide 6: FY22 Q2 Powersports Retail Update
FY22 Q2 Powersports Retail Update Powersports Retail Growth by Region[1] North American Powersports Retail Growth by Product Line FY22 Q2 retail sales in units compared to FY21 Q2 FY22 Q2 retail sales in units compared to FY21 Q2 BRP VS. BRP VS. INDUSTRY INDUSTRY INDUSTRY INDUSTRY NORTH AMERICA 19%
Slide 7: Continued Strong Traction with New Entrants
Continued Strong Traction with New Entrants Key Initiatives to Attract and Retain New Entrants FY22 Q2: New Entrants Update[1] PERCENTAGE OF RETAIL OFFER A DIVERSIFIED LINE-UP OF PRODUCTS FROM NEW ENTRANTS Provide a broad and solid line-up of products from entry-level to high-end, with innovations t
Slide 8: BRP Club 2022 Highlights
BRP Club 2022 Highlights MY22 SEA-DOO FISH PRO TROPHY MY22 CAN-AM MAVERICK TURBO RR Maintaining the performance Expanding the high-potential leadership in the fast-growing Sea-Doo Fish Pro line-up Sport SSV segment Over 65% 200HP of Fish Pro buyers are new entrants First SSV OEM to offer a 200hp to
Slide 9: Introducing the Sea-Doo Switch: The Opportunity
Introducing the Sea-Doo Switch: The Opportunity STRONG POTENTIAL FOR ATTRACTIVE MARKET DEMONSTRATED KNOW-HOW ENTRY-LEVEL PRODUCTS Pontoons represent one of the largest and fastest Favorable trend with growing demand from Solid track record of introducing entry-level products growing segment in the b
Slide 10: Introducing the Sea-Doo Switch: Fun, Accessible and Adaptable
Introducing the Sea-Doo Switch: Fun, Accessible and Adaptable SEA-DOO SWITCH FUN: - Stable like a pontoon, drives like a Sea-Doo - Powerful and responsive Rotax Marine Engines - Flexible and comfortable living room on-board - Watersport friendly ACCESSIBLE: - Simple and intuitive handling - First ev
Slide 11: Year-Round Products
Year-Round Products Highlights Revenues CA$ millions Year-Round Products | Revenues up 54% + Higher volume of products sold + Lower sales programs +54% + Favourable product mix in SSV Unfavourable Fx variation Retail Sales Update $955,6 SIDE-BY-SIDE ALL-TERRAIN THREE-WHEELED North American $621,
Slide 12: Seasonal Products
Seasonal Products Highlights Revenues CA$ millions Seasonal Products | Revenues up 78% + Higher volume of PWC sold + Lower sales programs +78% + Favourable product mix in PWC Unfavourable Fx variation Retail Sales Update $574,5 PERSONAL North American WATERCRAFT SNOWMOBILES $322,7 year-over-year
Slide 13: Powersports PA&A and OEM Engines
Powersports PA&A and OEM Engines Highlights Revenues CA$ millions Powersports PA&A and OEM Engines | Revenues up 19% + Higher volume of PA&A + Lower sales programs +19% Unfavourable Fx variation Parts: Revenue up over 20% driven by the growth in the number of units in use primarily driven by s
Slide 14: Marine
Marine Highlights Revenues CA$ millions Marine | Revenues up 56% + Favourable product mix + Lower sales programs +56% Lower volume of outboard engines Unfavourable Fx variation Retail Sales Update $125,1 North American $80,4 year-over-year retail growth Quarterly BRP LOW-TWENTY % LOW-SINGLE DIGI
Slide 15: Sébastien Martel, Chief Financial Officer
JOSÉ BOISJOLI SÉBASTIEN MARTEL PRESIDENT CHIEF ANDOFFICER FINANCIAL CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20212018 QUARTERLY REVIEW Second Quarter Ended July 31, 2021
Slide 16: FY22 Q2 Financial Highlights
FY22 Q2 Financial Highlights Q2 Comparison 6-month Comparison CA$ millions FY22 FY21 Change FY22 FY21 Change Total Revenues $1,903.8 $1,233.3 $670.5 $3,712.4 $2,463.1 $1,249.3 Growth +54.4% +50.7% Gross Profit $570.1 $248.4 $321.7 $1,112.1 $483.5 $628.6 As a % of revenues 29.9% 20.1% 30.0% 19.6% Ope
Slide 17: FY22 Q2 Net Income and Normalized Net Income Bridge
FY22 Q2 Net Income and Normalized Net Income Bridge [1] Net Income Bridge CA$ millions (66) (85) (73) 86 (43) 393 (125) 213 Delivered solid FY22 Q2 results that 126 FY21 Q2 Volume, Mix, Production Costs Operating Evinrude Outboard Net Financing Foreign Foreign Exchange FY22 Q2 came in above our expe
Slide 18: BRP Yard and North American Powersports Dealer Inventory
BRP Yard and North American Powersports Dealer Inventory FY22 Q2: Inventory Position Overview Dealer Inventory Year-over-Year Bridge Units, Excluding Boats DEALER INVENTORY North America Powersports, Units -76% -51% -51% FY21 Q2 SSV ATV 3WV Snowmobile PWC FY22 Q2 Dealer Inventory Evolution Units, Ex
Slide 19: FY22 Full-Year Guidance: Context
FY22 Full-Year Guidance: Context Supply Chain Situation Update Expected Implications for FY22 H2 › The global supply chain continues to be under pressure Expecting supply chain pressure to weigh more on Q3 limiting wholesales and resulting in a Semi-conductor shortage higher level of units needing
Slide 20: FY22 Full-Year Guidance - as at September 2, 2021
FY22 Full-Year Guidance - as at September 2, 2021 Financial Metric FY21 FY22 Guidance[3] vs FY21 Revenues vs. Previous Guidance Year-Round Products $2,824.2 Up 33% to 40% (previously “Up 35% to 40%”) Seasonal Products 1,825.0 Up 25% to 35% (previously “Up 25% to 30%”) Powersports PA&A and OEM Engine
Slide 21: Closing Remarks
JOSÉ BOISJOLI CLOSING REMARKS PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20212018 QUARTERLY REVIEW Second Quarter Ended July 31, 2021
Slide 22: Closing Remarks
Closing Remarks DELIVERED RECORD RESULTS IN H1 Driven by the solid execution across the company and the continued very strong consumer demand for our products FOCUSED ON DELIVERING A SOLID H2 DESPITE SUPPLY CHAIN CHALLENGES Managing through uncertainty to deliver on our production plan for the y
Slide 23: Q&A
JOSÉPERIOD Q&A BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20212018 QUARTERLY REVIEW Second Quarter Ended July 31, 2021
Slide 24: Appendix
JOSÉ BOISJOLI APPENDIX PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20212018 QUARTERLY REVIEW Second Quarter Ended July 31, 2021
Slide 25: Reconciliation Tables
Reconciliation Tables Three-month periods ended Six-month periods ended CA$ millions Jul. 31, 2021 Jul. 31, 2020 Jul. 31, 2021 Jul. 31, 2020 Net Income/(Loss) $212.9 $126.1 $457.3 $(100.0) Normalized Elements: Foreign Exchange (Gain)/Loss on Long-term Debt and Lease Liabilities 27.3 (97.8) (51.3) (9
Slide 26: Appendix - Continued: Non-IFRS Measures
Appendix - Continued Non-IFRS Measures Normalized revenues is defined as revenues before normalized elements. Normalized gross profit is defined as gross profit before normalized elements. Normalized EBITDA is defined as net income before financing costs, financing income, income tax expense (recove
Slide 27: BRP
BRP, Sk¥dog LYWX SECeA00. CAMN-dIT ROTAX. AWM wt HPHaniteu EVINRUDE