Slide 1: Quarterly Review: Fourth Quarter Ended January 31, 2025
QUARTERLY REVIEW FOURTH QUARTER ENDED JANUARY 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 Company's initial plan for normalized EPS for Fiscal 2026, its estimated financial impact of tariffs that are in effect to date, and its decision t
Slide 3: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW FOURTH QUARTER ENDED JANUARY 31, 2025 QUARTERLY REVIEW Fourth Quarter Ended January 31, 2025
Slide 4: FY25 Context: Disciplined execution in a challenging environment
FY25 Context: Disciplined execution in a challenging environment DEMONSTRATED AGILITY AS WE OPERATED IN SOFTER INDUSTRY CONDITIONS THROUGHOUT FY25 Rapidly adjusted our production plans and operations as we executed in a challenging environment with the North American Powersports industry being down
Slide 5: FY25 Financial Highlights
FY25 Financial Highlights Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ -21% -93% -62% $11.85 $12.17 $9,963 $7,830 $0.84 $4.68 FY24 FY25 FY24 FY25 FY24 FY25 Highlights vs. Last Year ◼ Revenues decreased 21% resulting from lower shipments as we focu
Slide 6: BRP North American Powersports Dealer Inventory Update
BRP North American Powersports Dealer Inventory Update Inventory Position Overview Inventory Position Bridge from FY24 Q4 DEALER INVENTORY DEALER INVENTORY EVOLUTION EVOLUTION VS FY24 Q4 North America Powersports, Units North America Powersports, Units Network Inventory Evolution by Product Line -13
Slide 7: Global Trends Update
Global Trends Update Powersports Retail Growth by Region Market Dynamic › North America: Canada performed better than the US ▪ Canada ORV industry was up mid-single digit % in the quarter while the US industry was down low-single digit % FY25 Q4 vs FY24 Q4 ▪ Can-Am achieved a record retail performan
Slide 8: FY25 Q4 and Full-Year North America Retail Update
FY25 Q4 and Full-Year North America Retail Update Market Dynamic North American Retail Performance by Product Line FY25 Q4 vs FY24 Q4 FY25 vs FY24 OFF-ROAD VEHICLES MARKET ▪ Market share continued to be impacted by elevated levels of non- INDUSTRY INDUSTRY SHARE current inventory and increased promo
Slide 9: Can-Am ORV Market Share Continued to be Impacted by Non-current Dynamic
Can-Am ORV Market Share Continued to be Impacted by Non-current Dynamic We have successfully right-sized our Meanwhile, many of our competitors are still working through elevated ORV network inventory in FY25 levels of non-current inventory in the network CAN-AM ORV FY25 Q4 NORTH AMERICAN NETWORK IN
Slide 10: Maintained our leadership position in the industry despite a more challenging year
Maintained our leadership position in the industry despite a more challenging year from an industry dynamic perspective Despite increased competitive pressure, we maintained … and we continued strengthening our line-up in FY25 6pp of market share gains compared to pre-covid… NORTH AMERICA NORTH AMER
Slide 11: Year-Round Products
Year-Round Products Highlights Revenues CA$ millions Year-Round Products | Revenues down 17% -17% ◼ Lower volume of products sold as planned as we focused on reducing network inventory levels ◼ Unfavourable product mix in SSV and higher sales programs across product lines ◼ Favourable pricing and Fx
Slide 12: Seasonal Products
Seasonal Products Highlights Revenues CA$ millions Seasonal Products | Revenues down 29% -29% ◼ Lower volume of products sold as a result of softer industry trends ◼ Unfavourable product mix in snowmobiles and higher sales programs ◼ Favourable mix in PWC and Pontoon, as well as favourable pricing a
Slide 13: PA&A and OEM Engines
PA&A and OEM Engines Highlights Revenues CA$ millions PA&A and OEM Engines | Revenues down 1% -1% ◼ Lower volume of PA&A sold due to softer industry trends ◼ Favourable product mix in OEM engines, as well as favourable pricing and Fx impact ◼ Parts: Up low-single digit % primarily driven by the grow
Slide 14: Sébastien Martel, Chief Financial Officer
SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER QUARTERLY REVIEW FOURTH QUARTER ENDED JANUARY 31, 2025 QUARTERLY REVIEW Fourth Quarter Ended January 31, 2025
Slide 15: FY25 Q4 Financial Overview
FY25 Q4 Financial Overview Highlights Net Income Bridge CA$ millions Q4 Full Year CA$ millions FY25 FY24 Change FY25 FY24 Change (229) Total Revenues $2,097.6 $2,611.5 (20%) $7,829.7 $9,963.0 (21%) 303 +73 (22) +39 Gross Profit $429.4 $660.5 (35%) $1,773.6 $2,634.0 (33%) (211) (45) As a % of revenue
Slide 16: Tariffs Update
Tariffs Update Overview of Key Currently Implemented Tariffs United States tariffs on Canada and Mexico › All our vehicles and the majority of our PA&A produced in Canada and Mexico are USMCA compliant › Consequently, they are currently exempt from the 25% tariffs that the United States has implemen
Slide 17: FY26 Key Themes
FY26 Key Themes We successfully executed our plan in FY25 by reducing our network inventory, right-sizing our cost structure and refocusing on our core Powersports activities, putting us in a strong position as we entered FY26 Key Themes for FY26 POTENTIAL FOR TOP LINE GROWTH › Starting the year wit
Slide 18: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW FOURTH QUARTER ENDED JANUARY 31, 2025 QUARTERLY REVIEW Fourth Quarter Ended January 31, 2025
Slide 19: Closing Remarks
Closing Remarks ENTERING FY26 WITH A STRONGER AND MORE AGILE ORGANIZATION › Proactively reduced our network inventory in FY25 › Improved the agility of our organization by right-sizing our cost structure › Doubled-down on Powersports MONITORING THE TARIFFS SITUATION › Tariffs implemented to date hav
Slide 20: Q&A Period
Q&A PERIOD QUARTERLY REVIEW FOURTH QUARTER ENDED JANUARY 31, 2025 QUARTERLY REVIEW Fourth Quarter Ended January 31, 2025
Slide 21: Appendix
APPENDIX QUARTERLY REVIEW FOURTH QUARTER ENDED JANUARY 31, 2025 QUARTERLY REVIEW Fourth Quarter Ended January 31, 2025
Slide 22: Reconciliation Tables
Reconciliation Tables 3-month periods ended 12-month periods ended CA$ millions Jan. 31, 2025 Jan. 31, 2024 Jan. 31, 2025 Jan. 31, 2024 Net Income / (Loss) ($44.5) $302.8 $62.7 $931.7 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities 103.4 (97.5) 212.1 10.8 Cybersecu
Slide 23: Reconciliation Tables
Reconciliation Tables Free Cash Flow 3-month periods ended 12-month periods ended CA$ millions Jan. 31, 2025 Jan. 31, 2024 Jan. 31, 2025 Jan. 31, 2024 Net Cash Flows Generated from Operating Activities $307.2 $604.9 $740.1 $1,658.1 Additions to Property, Plant and Equipment (117.6) (215.3) (396.6) (
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 brands
us Ski-Doo Lynx Sea-Doo Can-Am Rotax Alumacraft Manitou FT) ADVENTURE BY DESIGN Quintrex