Polaris Inc. · NYSE:PII
Polaris — Raymond James Institutional Investor Conference 2020
12 slides from Polaris's conference presentation, Mar 3, 2020
Slide 1: Scott W. Wine, Chairman & CEO
Scott W. Wine Chairman & CEO Raymond James Institutional Investor Conference Orlando, Florida March 3, 2020
Slide 2: Polaris At-a-Glance
Polaris At-a-Glance 1954 Year Polaris Was Founded Full Year 2019 Sales ~14,000 Employees Worldwide $6.78B +12% YOY Growth 21 Global Manufacturing Locations ORV/Snow Aftermarket 7% 2% 5 Research & Motorcycles Development Centers 7% Boats* ~3,600 Powersports 122% Dealers Worldwide Global Adjacent Mark
Slide 3: Vision & Strategy
Vision & Strategy VISION Fuel the passion of riders, workers and outdoor enthusiasts around the world by delivering innovative, high quality vehicles, products, services and experiences that enrich their lives. Strategic Objectives BEST IN POWERSPORTS PLUS Industry leading organic growth GROWTH THRO
Slide 4: Growing Market and Portfolio
Growing Market and Portfolio 2009 MARKET SIZE 2019 MARKET SIZE ~$7.5 BILLION ~$50 BILLION Off-Road Vehicles & Boats Off-Road Snowmobiles Snowmobiles Vehicles Motorcycles Global Motorcycles Adjacent Markets Aftermarket R.James Conf. 3/3/20 5
Slide 5: Business Segment Overview
Business Segment Overview Off-Road Vehicles/ Motorcycles Global Adjacent Aftermarket Boats Snowmobiles Markets Full Year 2020 Sales Expectations* $4.33B $655M $500M $960M $620M Key Corporate Priorities Polaris Brand: “Think Outside” Customer Centric Digital Strategic Sourcing Initiative Safety & Qua
Slide 6: Full Year 2020 Sales & EPS Guidance
Full Year 2020 Sales & EPS Guidance Full Year Total Company Sales Guidance(1) Full Year Adjusted* EPS Guidance**(1) ($ in millions) 2% to 4% 8% to 12% $6,940 to $7,070 $6.80 to $7.05 $6,783 $6.32 FY 2019 FY 2020 FY 2019 FY 2020 Sales Sales Guidance EPS EPS Guidance *See GAAP/Non-GAAP Reconciliation
Slide 7: 2020 Business Outlook
2020 Business Outlook Economic outlook positive, but fragile Political landscape infuses increased volatility Coronavirus a potential risk to supply chain, consumer confidence Powersports Industry growth ongoing – side-by-sides remains key driver Polaris back on offense: products, services, improved
Slide 8: Questions?
Scott W. Wine Chairman & CEO Questions? Raymond James Institutional Investor Conference March 3, 2020
Slide 9: Safe Harbor & Non-GAAP Measures
SAFE HARBOR & NON-GAAP MEASURES Except for historical information contained herein, the matters set forth in this presentation, including management’s expectations regarding 2020 and 2022 future sales, shipments, net income, and net income per share, future cash flows and capital requirements, opera
Slide 10: Non-GAAP Reconciliations
Non-GAAP NON-GAAP Reconciliations RECONCILIATIONS Reconciliation of GAAP "Reported" Results to Non-GAAP "Adjusted" Results (In Thousands, Except Per Share Data; Unaudited) Three months ended December 31, Twelve months ended December 31, 2019 2018 2019 2018 Key Definitions: Throughout this presentati
Slide 11: Non-GAAP Reconciliations - Segments
Non-GAAP NON-GAAP Reconciliations- SEGMENTS RECONCILIATIONS - Segments In Thousands, Unaudited) Three months ended December 31, Twelve months ended December 31, (In Thousands, Unaudited) Three months ended December 31, Twelve months ended December 31, 2019 2018 2019 2018 2019 2018 2019 2018 SEGMENT
Slide 12: 2020 Guidance Adjustments
2020 GUIDANCE ADJUSTMENTS 2020 guidance excludes the pre-tax effect of supply chain transformation, restructuring and network realignment costs of approximately $25 million to $30 million, and approximately $25 million to $30 million for class action litigation-related expenses. Intangible amortizat
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