Slide 1: FY27 Q1 Earnings Presentation
Forward-Looking Statements BRP INC. FY27 Q1 Earnings Presentation May 28, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to statements relating to our Fiscal Year 2027 Guidance and related assumptions of the Company (including without limitation Revenues, Normalized EBIT
Slide 3: Business Review
BUSINESS REVIEW DENIS LE VOT PRESIDENT AND CHIEF EXECUTIVE OFFICER
Slide 4: Q1 Financial Highlights
FY27 Q1 Financial Highlights REVENUES DILUTED EARNINGS PER SHARE NORMALIZED DILUTED EARNINGS PER SHARE[1] CA$ millions CA$ CA$ +30% -21% +289% $2,392 $2.19 $1,847 $1.73 $1.83 $0.47 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 HIGHLIGHTS VS. LAST YEAR ◼ REVENUES: Up 30%, primarily driven by higher
Slide 5: Q1 North American Network Inventory Update
FY27 Q1 North American Network Inventory Update INVENTORY POSITION OVERVIEW INVENTORY POSITION BRIDGE DEALER INVENTORY DEALER INVENTORY HISTORICAL EVOLUTION EVOLUTION VS LAST YEAR North America Powersports, Units North America Powersports, Units Limited variation in ORV inventory resulting from the
Slide 6: Q1 Market Trends Update
FY27 Q1 Market Trends Update FY27 Q1 KEY TRENDS RETAIL TRENDS BY REGION NORTH AMERICA FY27 Q1 VS FY26 Q1 ▪ Challenging comparable for snowmobiles weighed on the industry; industry up when excluding snowmobiles, primarily driven by positive trends in ORV INDUSTRY fueled by the continued momentum in u
Slide 7: Can-Am SSV
Can-Am SSV Continued solid momentum, notably in utility SSV driven by the success of the new Can-Am Defender HD11 Can-Am SSV Q1 retail sales growth ▲ High-Single Digit % Can-Am Utility SSV Q1 retail sales growth ▲ Low-Teen % Can-Am SSV Q1 market share gain in premium current units ▲ Over 3pp 2026 CA
Slide 8: Can-Am ATV
Can-Am ATV Another quarter of solid market share gains in the higher-profitability segments of the industry Can-Am ATV Q1 retail sales growth ▲ Low-Single Digit % Can-Am ATV Q1 market share gain in current units ▲ Over 3pp 2026 CAN-AM OUTLANDER XT-P 1000R Note: All figures refer to North America Ear
Slide 9: Ski-Doo and Lynx Snowmobiles
Ski-Doo and Lynx Snowmobiles Closed season 2026 with a record high market share in the more profitable current units, and with significantly improved network inventory levels Ski-Doo and Lynx season 2026 market share in current units Over 70% Ski-Doo and Lynx end of season network inventory levels ▼
Slide 10: Q1 North America Retail Update
FY27 Q1 North America Retail Update FY27 Q1 HIGHLIGHTS NORTH AMERICAN RETAIL PERFORMANCE BY PRODUCT LINE FY27 Q1 VS FY26 Q1 OFF-ROAD VEHICLES MARKET ▪ SSV industry continues to be fueled by the Utility segment, INDUSTRY SHARE notably by the fast-growing CAB category LOW-SINGLE ▪ Continued to gain ma
Slide 11: Financial Review
FINANCIAL REVIEW SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER
Slide 12: Q1 Financial Review: Revenues Overview
FY27 Q1 Financial Review: Revenues Overview FINANCIAL OVERVIEW Q1 REVENUES OVERVIEW CA$ millions Q1 YEAR-ROUND SEASONAL PA&A, OEM ENGINES CA$ millions FY27 FY26 Change PRODUCTS PRODUCTS AND OTHERS Total Revenues $2,391.8 $1,846.9 +30% +31% +36% +16% Gross Profit 561.6 394.8 +42% As a % of revenues 2
Slide 13: Q1 Financial Review: Profitability Overview
FY27 Q1 Financial Review: Profitability Overview FINANCIAL OVERVIEW Q1 PROFITABILITY OVERVIEW CA$ millions Q1 GROSS PROFIT NORMALIZED CA$ millions FY27 FY26 Change MARGIN EBITDA[1] Total Revenues $2,391.8 $1,846.9 +30% +210bps +67% Gross Profit 561.6 394.8 +42% As a % of revenues 23.5% 21.4% Operati
Slide 14: Guidance: Context
FY27 Guidance: Context We suspended our initial FY27 guidance following the recent amendment of Section 232 tariffs on Steel, Aluminum and Copper imports into the U.S. as we assessed the full potential impact on our business. Since then, while we continue operating in an uncertain geopolitical and t
Slide 15: Revised Full-Year Guidance - as at May 28, 2026
FY27 Revised Full-Year Guidance - as at May 28, 2026 FY26 REVISED FY27 GUIDANCE INITIAL FY27 GUIDANCE ACTUAL AS AT MAY 28, 2026 SUSPENDED ON APRIL 14, 2026 REVENUES YEAR-ROUND PRODUCTS $4,802.4M $5,325M to $5,450M $5,175M to $5,325M SEASONAL PRODUCTS $2,291.5M $2,425M to $2,500M $2,375M to $2,450M P
Slide 16: Closing Remarks
CLOSING REMARKS DENIS LE VOT PRESIDENT AND CHIEF EXECUTIVE OFFICER
Slide 17: Closing Remarks
Closing Remarks Delivered a solid first quarter: Financial results exceeded expectations and sustained our strong retail momentum, led by ORV and higher-profitability segments Managing through the tariff situation: Focused on executing on our plan for the year and implementing our mitigation actions
Slide 18: Q&A Period
Q&A PERIOD FY27 Q1 Earnings Presentation May 28, 2026
Slide 19: Appendix
APPENDIX FY27 Q1 Earnings Presentation May 28, 2026
Slide 20: Q1 Net Income Bridge
FY27 Q1 Net Income Bridge NET INCOME BRIDGE NORMALIZED NET INCOME[1] BRIDGE CA$ millions CA$ millions +82 (117) (31) +161 +82 (118) (128) (32) +9 +161 161 127 135 35 FY26 Q1 Volume Net Pricing Production Costs Net Financing Foreign FY27 Q1 FY26 Q1 Volume Net Pricing Production Costs Net Financing Fo
Slide 21: Reconciliation Tables: Normalized Metrics
Reconciliation Tables: Normalized Metrics 3-MONTH PERIODS ENDED CA$ millions Apr. 30, 2026 Apr. 30, 2025 Net Income / (Loss) $127.3 $161.0 Normalized Elements: Foreign Exchange Loss / (Gain) on Long-term Debt and Lease Liabilities 9.0 (128.6) Costs Related to Business Combinations[1] 1.1 3.1 Other E
Slide 22: Reconciliation Tables: Free Cash Flow
Reconciliation Tables: Free Cash Flow 3-MONTH PERIODS ENDED CA$ millions Apr. 30, 2026 Apr. 30, 2025 Net Cash Flows Generated from Operating Activities $425.5 $255.8 Additions to Property, Plant and Equipment (46.1) (45.1) Additions to Intangible Assets (12.1) (9.4) Free Cash Flow[1] $367.3 $201.3 F
Slide 23: Additional Information
Additional Information 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
Slide 24: Thank You
THANK YOU Sk¥-iloo LYWX seees00. Ca/-aim ROTAX