Slide 1: BRP Inc. FY26 Q4 Earnings Presentation
Forward-Looking Statements BRP INC. FY26 Q4 Earnings Presentation March 26, 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: FY26 Highlights
FY26 Highlights ▪ Exceeded our revised guidance with revenues of $8.4B and Normalized EPS[1] of $5.21 DELIVERED SOLID ▪ Generated over 900M of Free Cash Flow[2] for the year FINANCIAL RESULTS ▪ Demonstrated agility as we delivered results ahead of our initial outlook for the year despite tariffs hea
Slide 5: FY26 Financial Highlights
FY26 Financial Highlights REVENUES DILUTED EARNINGS PER SHARE NORMALIZED DILUTED EARNINGS PER SHARE[1] CA$ millions CA$ CA$ +7% +440% +7% $4.64 $5.21 $8,443 $4.86 $7,903 $0.86 FY25 FY26 FY25 FY26 FY25 FY26 HIGHLIGHTS VS. LAST YEAR ◼ REVENUES: Up 7% primarily driven by higher volume of ORV and PA&A,
Slide 6: FY26 Q4 North American Network Inventory Update
FY26 Q4 North American Network Inventory Update INVENTORY POSITION OVERVIEW INVENTORY POSITION BRIDGE DEALER INVENTORY DEALER INVENTORY HISTORICAL EVOLUTION EVOLUTION VS LAST YEAR North America Powersports, Units North America Powersports, Units -6% -28% -17% ▼17% FY20 Q4 FY24 Q4 FY25 Q4 FY26 Q4 FY2
Slide 7: FY26 Q4 Market Trends Update
FY26 Q4 Market Trends Update FY26 Q4 KEY TRENDS RETAIL TRENDS BY REGION NORTH AMERICA ▪ Positive industry trends in both ORV and snowmobiles FY26 Q4 VS FY25 Q4 ▪ Strong quarter for BRP with market share gains in SSV, ATV and INDUSTRY snowmobiles, as well as a record Q4 in ORV retail in Canada HIGH-S
Slide 8: FY26 Q4 North America Retail Update
FY26 Q4 North America Retail Update FY26 Q4 HIGHLIGHTS NORTH AMERICAN RETAIL PERFORMANCE BY PRODUCT LINE FY26 Q4 VS FY25 Q4 FY26 VS FY25 OFF-ROAD VEHICLES MARKET MARKET INDUSTRY INDUSTRY ▪ Gained over 2pp of market share in ORV driven by the SHARE SHARE success of our newly introduced models LOW-SIN
Slide 9: Solid momentum in ORV driven by new product introductions
Solid momentum in ORV driven by new product introductions ORV INDUSTRY DYNAMIC SINCE NEW PRODUCT INTRODUCTIONS NORTH AMERICAN NORTH AMERICAN SSV INDUSTRY ATV INDUSTRY ACHIEVED OUR HIGHEST Q3 AND Q4 FY26 Oct-Jan vs FY25 Oct-Jan, Units FY26 Oct-Jan vs FY25 Oct-Jan, Units MARKET SHARE EVER IN UTILITY S
Slide 10: Financial Review
FINANCIAL REVIEW SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER
Slide 11: FY26 Q4 Financial Review: Revenues Overview
FY26 Q4 Financial Review: Revenues Overview FINANCIAL OVERVIEW Q4 REVENUES OVERVIEW CA$ millions YEAR-ROUND SEASONAL PA&A, OEM ENGINES Q4 FULL YEAR PRODUCTS PRODUCTS AND OTHERS CA$ millions FY26 FY25 Change FY26 FY25 Change +17% +18% +10% Total Revenues $2,457.3 $2,118.3 +16% $8,442.7 $7,902.9 +7% G
Slide 12: FY26 Q4 Financial Review: Profitability Overview
FY26 Q4 Financial Review: Profitability Overview FINANCIAL OVERVIEW Q4 PROFITABILITY OVERVIEW CA$ millions GROSS PROFIT NORMALIZED Q4 FULL YEAR MARGIN EBITDA[1] CA$ millions FY26 FY25 Change FY26 FY25 Change +380bps +47% Total Revenues $2,457.3 $2,118.3 +16% $8,442.7 $7,902.9 +7% Gross Profit $553.6
Slide 13: Balance Sheet, Free Cash Flow and Capital Allocation
Balance Sheet, Free Cash Flow and Capital Allocation FREE CASH FLOW[1] GENERATION HIGHLIGHTS CA$ millions GENERATED SIGNIFICANT FREE CASH FLOW[1] ▪ Generated over $900M of Free Cash Flow[1] from our continuing operations $1,072M ▪ Unlocked $194M of cash from working capital $929M ▪ Remained discipli
Slide 14: FY27 Guidance
FY27 Guidance FY26 FY27 GUIDANCE ACTUAL AS AT MARCH 26, 2026 REVENUES AMOUNT VARIATION VS FY26 YEAR-ROUND PRODUCTS $4,802.4M $5,175M TO $5,325M UP 8% TO 10% SEASONAL PRODUCTS $2,291.5M $2,375M TO 2,450M UP 4% TO 7% PA&A, OEM ENGINES AND OTHERS $1,348.8M $1,350M TO $1,400M FLAT TO UP 4% TOTAL REVENUE
Slide 15: FY27 Guidance: Additional Context
FY27 Guidance: Additional Context FY27 GUIDANCE: NORMALIZED EPS – DILUTED[1] FY27 GUIDANCE CONTEXT CA$ We have introduced a guidance with wider than usual ranges to reflect different potential scenarios given ongoing events Currently trending Assumes an industry environment that remains consistent w
Slide 16: Closing Remarks
CLOSING REMARKS DENIS LE VOT PRESIDENT AND CHIEF EXECUTIVE OFFICER
Slide 17: M28 Key Strategic Priorities Update
M28 Key Strategic Priorities Update FULL THROTTLE GEAR UP DRIVE VALUE THROUGH TO #1 IN ORV INTERNATIONAL SPEED AND EFFICIENCY CAPTURE OUR FULL FY28 TARGET FY28 TARGET FY28 TARGET POWERSPORTS POTENTIAL Return to market share of 30%+ in SSV and Achieve $2.5B+ of Powersports revenues in Accelerate time
Slide 18: Closing Remarks
Closing Remarks Solid business fundamentals: Strong lineups, healthy network inventory, and market-share gain momentum position us to outperform the industry in FY27 Focused on executing our FY27 plan - Currently tracking toward the upper half of our guidance range Continuing to set the foundations
Slide 19: Q&A Period
Q&A PERIOD FY26 Q4 Earnings Presentation March 26, 2026
Slide 20: Appendix
APPENDIX FY26 Q4 Earnings Presentation March 26, 2026
Slide 21: FY26 Q4 Net Income Bridge
FY26 Q4 Net Income Bridge NET INCOME BRIDGE NORMALIZED NET INCOME[1] BRIDGE CA$ millions CA$ millions NET INCOME BRIDGE (56) +99 (86) +99 46 (17) +9 +80 (51) +193 (157) +80 163 +9 77 FY25 Q4 Volume Net Pricing Production Impairment Net Financing Foreign FY26 Q4 FY25 Q4 Volume Net Pricing Production
Slide 22: Reconciliation Tables: Normalized Metrics
Reconciliation Tables: Normalized Metrics 3-MONTH PERIODS ENDED 12-MONTH PERIODS ENDED CA$ millions Jan. 31, 2026 Jan. 31, 2025 Jan. 31, 2026 Jan. 31, 2025 Net Income / (Loss) $45.8 ($50.5) $340.4 $64.6 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities (80.0) 103.4 (
Slide 23: Reconciliation Tables: Free Cash Flow
Reconciliation Tables: Free Cash Flow 3-MONTH PERIODS ENDED 12-MONTH PERIODS ENDED CA$ millions Jan. 31, 2026 Jan. 31, 2025 Jan. 31, 2026 Jan. 31, 2025 Net Cash Flows Generated from Operating Activities $428.2 $285.7 $1,212.5 $688.2 Additions to Property, Plant and Equipment (110.2) (117.6) (297.7)
Slide 24: 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 25: Thank You
THANK YOU Sk¥-iloo LYWX seees00. Ca/-aim ROTAX