Slide 1: Quarterly Review: First Quarter Ended April 30, 2025
QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 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 the Company's decision to continue to refrain from providing guidance for Fiscal 2026 until the situation around potential tariffs and changes to t
Slide 3: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2025 QUARTERLY REVIEW First Quarter Ended April 30, 2025
Slide 4: FY26 Q1 Financial Highlights
FY26 Q1 Financial Highlights Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ -8% +291% -70% $2,000 $1,847 $2.19 $1.58 $0.56 $0.47 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 Highlights vs. Last Year ◼ Revenues decreased 8% resulting from lower sh
Slide 5: Global Trends Update
Global Trends Update Powersports Retail Growth by Region Market Dynamic › North America: Canada performed better than the US ▪ Canada Powersports industry increase primarily driven by strong end-of-season for snowmobiles FY26 Q1 vs FY25 Q1 ▪ BRP achieved a record retail performance for a first quart
Slide 6: FY26 Q1 North America Retail Update
FY26 Q1 North America Retail Update Market Dynamic North American Retail Performance by Product Line FY26 Q1 vs FY25 Q1 OFF-ROAD VEHICLES MARKET ▪ Market share continued to be impacted by elevated levels of non- INDUSTRY SHARE current inventory and increased promotional intensity from other OEMs LOW
Slide 7: Year-Round Products
Year-Round Products Highlights Revenues CA$ millions Year-Round Products | Revenues down 4% -4% ◼ Lower volume of products sold as a result of softer industry trends ◼ Unfavourable product mix in 3WV and higher sales programs across most product lines ◼ Favourable product mix in ATV and SSV, pricing
Slide 8: Seasonal Products
Seasonal Products Highlights Revenues CA$ millions Seasonal Products | Revenues down 22% -22% ◼ Lower volume of products sold as planned as we focused on right sizing network inventory levels ◼ Unfavourable product mix in snowmobiles and higher sales programs ◼ Favourable mix and pricing in PWC, and
Slide 9: PA&A and OEM Engines
PA&A and OEM Engines Highlights Revenues CA$ millions PA&A and OEM Engines | Revenues up 5% +5% ◼ Higher volume of snowmobile parts following a strong end of season ◼ Lower volume of OEM engines and Marine PA&A sold ◼ Favourable Fx impact ◼ Parts: Up high-teen % primarily driven by the strong end-of
Slide 10: Sébastien Martel, Chief Financial Officer
SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2025 QUARTERLY REVIEW First Quarter Ended April 30, 2025
Slide 11: FY26 Q1 Financial Overview
FY26 Q1 Financial Overview Highlights Net Income Bridge CA$ millions Q1 CA$ millions FY26 FY25 Change Total Revenues $1,846.9 $1,999.9 (8%) +175 161 Gross Profit $394.8 $521.7 (24%) 43 As a % of revenues 21.4% 26.1% (109) +25 (12) +47 Operating Income $93.9 $190.3 (51%) FY25 Q1 Volume Net Pricing Pr
Slide 12: 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 Q1 North America Powersports, Units North America Powersports, Units Network Inventory Evolution by Product Line +7% ORV 3WV PWC
Slide 13: FY26 Update
FY26 Update TARIFF SITUATION ▪ All our vehicles manufactured in Canada and Mexico are USMCA compliant, and thus, exempt from tariffs imposed by the United States so far ▪ Most of our tariff exposure is related to PA&A and to Tier 2 suppliers ▪ Estimating ~$60M to $70M of gross tariff impact in FY26
Slide 14: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2025 QUARTERLY REVIEW First Quarter Ended April 30, 2025
Slide 15: Red Dot: Design Team of the Year 2025
BRP Design and Innovation team has received the honorary title “Red Dot: Design Team of the Year 2025”. This prestigious international title for design excellence has been presented since 1988 to design teams that have made a significant impact on their industry, including multiple iconic brands. Ex
Slide 16: Closing Remarks
Closing Remarks WELL POSITIONED TO MANAGE THROUGH THIS CHALLENGING ENVIRONMENT › Proactively reduced our network inventory, limiting the impact of inventory on our dealers and putting us in a good position to adapt to the market environment › Improved the agility of our organization by right-sizing
Slide 17: Q&A Period
Q&A PERIOD QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2025 QUARTERLY REVIEW First Quarter Ended April 30, 2025
Slide 18: Appendix
APPENDIX QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2025 QUARTERLY REVIEW First Quarter Ended April 30, 2025
Slide 19: Reconciliation Tables
Reconciliation Tables 3-month periods ended CA$ millions Apr. 30, 2025 Apr. 30, 2024 Net Income / (Loss) $161.0 $42.5 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities (128.6) 70.7 Costs Related to Business Combinations[1] 3.1 3.2 Restructuring and Related Costs[2] 0
Slide 20: Reconciliation Tables: Free Cash Flow
Reconciliation Tables Free Cash Flow 3-month periods ended CA$ millions Apr. 30, 2025 Apr. 30, 2024 Net Cash Flows Generated from Operating Activities $214.5 $141.4 Additions to Property, Plant and Equipment (45.1) (66.8) Additions to Intangible Assets (9.4) (8.4) Free Cash Flow[1] $160.0 $66.2 Free
Slide 21: FY25 Reclassified P&L
FY25 Reclassified P&L FY25 Reclassified CA$ millions Q1 Q2 Q3 Q4 Full Year Revenues Year-Round Products $1,157.8 $985.0 $1,036.4 $1,128.0 $4,307.2 Seasonal Products 535.1 541.8 616.0 677.5 2,370.4 PA&A and OEM Engines 307.0 284.3 321.1 312.8 1,225.3 Total Revenues 1,999.9 1,811.1 1,973.5 2,118.3 7,9
Slide 22: 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 23: BRP Brands: Ski-Doo, Lynx, Sea-Doo, Can-Am
us Ski-Doo Lynx Sea-Doo Can-Am Rotax Alumacraft Manitou FT) ADVENTURE BY DESIGN Quintrex