Slide 1: Quarterly Review: Third Quarter Ended October 31, 2025
QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 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 statements relating to our Fiscal Year 2026 Guidance and related assumptions of the Company (including without limitation Revenues, Normalized EBIT
Slide 3: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2025 QUARTERLY REVIEW Third Quarter Ended October 31, 2025
Slide 4: FY26 Q3 Financial Highlights
FY26 Q3 Financial Highlights Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ +14% +148% +33% $2,250 $1.59 $1,974 $1.04 $1.20 $0.42 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 Highlights vs. Last Year ◼ Revenues increased 14% driven by improved sh
Slide 5: Global Trends Update
Global Trends Update Powersports Retail Growth by Region Market Dynamic FY26 Q3 vs FY25 Q3 › North America: US industry more stable ▪ BRP performed in-line with the industry when excluding INDUSTRY snowmobiles LOW-SINGLE ▪ Canada Powersports industry continued to grow, primarily CANADA 7% DIGIT % dr
Slide 6: FY26 Q3 North America Retail Update
FY26 Q3 North America Retail Update Market Dynamic North American Retail Performance by Product Line FY26 Q3 vs FY25 Q3 FY26 YTD vs FY25 YTD OFF-ROAD VEHICLES MARKET INDUSTRY INDUSTRY ▪ Gained market share in both SSV and ATV, driven by the success of SHARE our newly introduced MY26 ORV line-up LOW-
Slide 7: Can-Am ORV: New Product Introductions Driving Solid Momentum
Can-Am ORV: New Product Introductions Driving Solid Momentum MY26 CAN-AM DEFENDER HD11 “ We Tested The Redesigned 2026 Can-Am Defender “ Can-Am’s 2026 Defender HD11 UTV Redesign Lineup: What Was Good Is Now Great ” Packs Performance And Comfort ” GearJunkie Successful Farming “ Can-Am Defender May J
Slide 8: Year-Round Products
Year-Round Products Highlights Revenues CA$ millions Year-Round Products | Revenues up 22% +22% ◼ Higher volume of products sold and favourable product mix in ORV following new product launches ◼ Favourable variations in sales programs and pricing ◼ Favourable Fx impact $1,266 $1,036 Retail Sales Up
Slide 9: Seasonal Products
Seasonal Products Highlights Revenues CA$ millions Seasonal Products | Revenues down 2% -2% ◼ Lower volume of products sold in snowmobile as planned as we focused on right sizing network inventory levels ◼ Higher volume of units sold in PWC and pontoons ◼ Favourable mix and pricing across product li
Slide 10: PA&A and OEM Engines
PA&A and OEM Engines Highlights Revenues CA$ millions PA&A and OEM Engines | Revenues up 18% +18% ◼ Higher volume in PA&A ◼ Favourable product mix in OEM engines ◼ Favourable Fx impact $379 ◼ Parts and Others: Up mid 20% primarily driven by strong dealer orders across most product lines $321 ◼ Acces
Slide 11: Sébastien Martel, Chief Financial Officer
SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2025 QUARTERLY REVIEW Third Quarter Ended October 31, 2025
Slide 12: FY26 Q3 Financial Overview
FY26 Q3 Financial Overview Highlights Net Income Bridge CA$ millions Q3 YTD CA$ millions FY26 FY25 Change FY26 FY25 Change (30) +42 Total Revenues $2,250.3 $1,973.5 +14% $5,985.4 $5,784.6 +3% (12) (28) Gross Profit $541.2 $435.1 +24% $1,333.7 $1,356.1 (2%) +74 As a % of revenues 24.1% 22.0% 22.3% 23
Slide 13: 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 Q3 North America Powersports, Units North America Powersports, Units Network Inventory Evolution by Product Line -6% ORV 3WV 2WV
Slide 14: FY26 Full-Year Guidance - as at December 4, 2025
FY26 Full-Year Guidance - as at December 4, 2025 FY25 Updated FY26 Guidance Previous FY26 Guidance ACTUAL AS AT DECEMBER 4, 2025 AS AT AUGUST 29, 2025 REVENUES YEAR-ROUND PRODUCTS $4,307.2 ~$4,800M $4,750M TO $4,800M SEASONAL PRODUCTS $2,370.4 ~$2,200M $2,150M TO $2,200M PA&A AND OEM ENGINES $1,225.
Slide 15: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2025 QUARTERLY REVIEW Third Quarter Ended October 31, 2025
Slide 16: Our 4th Yellow Day was a resounding success
Our 4th Yellow Day was a resounding success, as employees, dealers and partners worldwide took a stand against bullying Through our collective efforts, we have raised a record $300,000 QUARTERLY REVIEW Third Quarter Ended October 31, 2025 16
Slide 17: Capture Our Full Powersports Potential
CAPTURE OUR FULL FULL THROTTLE TO #1 IN ORV POWERSPORTS GEAR UP INTERNATIONAL POTENTIAL UPSHIFT THE DEALER AND CUSTOMER EXPERIENCE FUEL THE BRP HEARTBEAT DRIVE VALUE THROUGH SPEED AND EFFICIENCY BOOST DEFENSE AND FY28 TARGET: SPECIALIZED VEHICLES REVENUES: ~$9.5B REV UP OUR PRODUCT NORMALIZED EPS[1]
Slide 18: Closing Remarks
Closing Remarks DELIVERED SOLID RESULTS AND RAISED YEAR-END GUIDANCE › FY26 Q3 results ahead of expectations › Solid free cash flow[1] generation, positioning us well to return capital to shareholders as we renewed our NCIB › Raised our full-year guidance: Normalized Diluted EPS[2] guidance increase
Slide 19: Q&A Period
Q&A PERIOD QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2025 QUARTERLY REVIEW Third Quarter Ended October 31, 2025
Slide 20: Appendix
APPENDIX QUARTERLY REVIEW THIRD QUARTER ENDED OCTOBER 31, 2025 QUARTERLY REVIEW Third Quarter Ended October 31, 2025
Slide 21: Reconciliation Tables
Reconciliation Tables 3-month periods ended 9-month periods ended CA$ millions Oct. 31, 2025 Oct. 31, 2024 Oct. 31, 2025 Oct. 31, 2024 Net Income / (Loss) $76.5 $30.6 $294.6 $115.1 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities 31.8 26.2 (89.8) 108.7 Impairment Ch
Slide 22: Reconciliation Tables: Free Cash Flow
Reconciliation Tables Free Cash Flow 3-month periods ended 9-month periods ended CA$ millions Oct. 31, 2025 Oct. 31, 2024 Oct. 31, 2025 Oct. 31, 2024 Net Cash Flows Generated from Operating Activities $411.2 $170.5 $784.3 $402.5 Additions to Property, Plant and Equipment (72.0) (113.7) (187.5) (279.
Slide 23: 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 24: Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax
Ski-Doo Lynx Sea-Doo Can-Am Rotax