Slide 1: Quarterly Review, Second Quarter Ended July 31, 2019
QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements Caution concerning forward-looking statements Certain information included in this presentation, including, but not limited to, statements relating to our Fiscal Year 2020 financial outlook (including revenues, Normalized EBITDA, Effective Tax Rate, Normalized earnings per
Slide 3: José Boisjoli, President and CEO
JOSÉ BOISJOLI PRESIDENT PRESIDENT AND AND CHIEF CHIEF EXECUTIVE EXECUTIVE OFFICER OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20192018 QUARTERLY REVIEW Second Quarter Ended July 31, 2019
Slide 4: FY20 Q2 Revenues, EPS - Diluted and Normalized EPS - Diluted
FY20 Q2 Revenues, EPS - Diluted and Normalized EPS - Diluted[1] Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ +21% +134% +8% $1,460 $1,207 $0.96 $0.66 $0.71 $0.41 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 Highlights vs. Last Year ◼ Increase o
Slide 5: Strong Retail Growth in North America, EMEA and Latin America
Strong Retail[1] Growth in North America, EMEA and Latin America BRP INDUSTRY[3] NORTH AMERICA 14% MID-SINGLE DIGIT % LATIN AMERICA 18% NOT AVAILABLE EMEA[2] 18% HIGH-SINGLE DIGIT % ASIA-PACIFIC[2] 2% ABOUT 10% [1]Powersports products retail [2]Three-month period from April to June [3]Industry exclu
Slide 6: FY20 Q2: Continued Growth with all Product Lines in North America
FY20 Q2: Continued Growth with all Product Lines in North America North American Powersports Retail Growth by Product Line FY20 Q2 compared to FY19 Q2 BRP VS. GROWTH DECLINE BRP INDUSTRY INDUSTRY MID-SINGLE TOTAL POWERSPORTS[1] 14% DIGIT % HIGH- HIGH-SINGLE SIDE-BY-SIDE VEHICLES TWENTY % DIGIT % LOW
Slide 7: MY20 Can-Am ORV Line-up: Key Product News
MY20 Can-Am ORV Line-up: Key Product News CAN-AM DEFENDER 6X6 HD10 CAN-AM MAVERICK X3 TURBO RR Reinforcing Can-Am presence in the largest and fastest growing segment in the SSV industry – The Utility segment 195-hp Maintaining the performance leadership in the SSV sport segment with industry-leading
Slide 8: Seizing Untapped Opportunities in the SSV Industry
Seizing Untapped Opportunities in the SSV Industry Built a solid line-up that is driving strong Strong momentum with plenty of market Well positioned to capture market opportunities consumer demand share upside left and continue our growth trajectory North American Can-Am SSV Retail U.S. SSV Industr
Slide 9: Year-Round Products
Year-Round Products Highlights Revenues CA$ millions Year-Round Products revenues up 33% ◼ Mainly driven by a higher volume of SSV and ATV sold, the introduction of the +33% Can-Am Ryker and a favourable foreign exchange rate variation Side-by-Side Vehicles (SSV) ◼ The North American SSV industry en
Slide 10: Seasonal Products
Seasonal Products Highlights Revenues CA$ millions Seasonal Products revenues up 11% ◼ Mainly driven by a favourable product mix in PWC +11% Personal Watercraft (PWC) ◼ Ten months into the 2019 season, the North American PWC industry was up low- $384.6 $428.5 single digit % ◼ Sea-Doo PWC retail was
Slide 11: Powersports PAC and OEM Engines
Powersports PAC and OEM Engines Highlights Revenues CA$ millions Powersports PAC and OEM Engines revenues up 18% ◼ Mainly driven by a higher volume of parts and accessories across all Powersports +18% product lines ◼ Accessories revenues up 33% driven by continued product innovation ◼ Can-Am Ryker a
Slide 12: Marine
Marine Highlights Revenues CA$ millions Marine revenues up 1% ◼ Mainly driven by the additional revenues following the acquisition of Alumacraft and +1% Manitou boat companies, partially offset by a lower volume of outboard engines sold Marine ◼ The North American outboard engines industry ended its
Slide 13: Sébastien Martel, Chief Financial Officer
JOSÉ BOISJOLI SÉBASTIEN MARTEL PRESIDENT CHIEF ANDOFFICER FINANCIAL CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20192018 QUARTERLY REVIEW Second Quarter Ended July 31, 2019
Slide 14: FY20 Q2 - Financial Highlights
FY20 Q2 - Financial Highlights Q2 Comparison 6-month Comparison CA$ millions FY20 FY19 Change FY20 FY19 Change Total Revenues $1,459.5 $1,207.0 $252.5 $2,793.2 $2,343.7 $449.5 Growth +20.9% +19.2% Gross Profit $327.8 $280.1 $47.7 $628.4 $561.7 $66.7 As a % of revenues 22.5% 23.2% 22.5% 24.0% Operati
Slide 15: FY20 Q2 - Net Income and Normalized Net Income Bridge
FY20 Q2 - Net Income and Normalized Net Income[1] Bridge Net Income Bridge Normalized Net Income[1] Bridge CA$ millions CA$ millions (23) (26) 72 (41) 72 45 (6) (41) 2 93 66 69 41 FY19 Q2 Volume, Mix, Production Costs Operating Net Financing Foreign FY20 Q2 FY19 Q2 Volume, Mix, Production Costs, Ope
Slide 16: BRP North American Powersports Dealer Inventory
BRP North American Powersports Dealer Inventory Dealer Inventory Level Dealer Inventory Bridge Units, Excluding Outboard Engines and Boats Units, Excluding Outboard Engines and Boats +16% New Can-Am Maverick Sport Q1 Q2 Q3 Q4 FY19 Q2 SSV ATV Can-Am Snowmobile Rest of the FY20 Q2 FY18 FY19 FY20 Ryker
Slide 17: FY20 Full-Year Guidance - as at August 29, 2019
FY20 Full-Year Guidance - as at August 29, 2019 The table below sets forth BRP’s financial guidance for Fiscal Year 2020 which reflects the adoption of new IFRS 16 - Leases standard effective as of February 1, 2019. Under IFRS 16 - Leases, operating lease expenses are recorded as depreciation and in
Slide 18: Closing Remarks
JOSÉ BOISJOLI CLOSING REMARKS PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20192018 QUARTERLY REVIEW Second Quarter Ended July 31, 2019
Slide 19: Q&A
JOSÉPERIOD Q&A BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20192018 QUARTERLY REVIEW Second Quarter Ended July 31, 2019
Slide 20: Appendix
JOSÉ BOISJOLI APPENDIX PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECONDQUARTER SECOND QUARTER ENDED ENDED JULY JULY 31, 31, 20192018 QUARTERLY REVIEW Second Quarter Ended July 31, 2019
Slide 21: Reconciliation Tables
Reconciliation Tables Three-month periods ended 6-month periods ended CA$ millions Jul. 31, 2019 Jul. 31, 2018 Jul. 31, 2019 Jul. 31, 2018 Net Income $93.3 $41.0 $117.1 $54.4 Normalized Elements: Foreign Exchange (Gain)/Loss on Long-term Debt and Lease Liabilities (27.2) 17.3 0.4 58.8 Transaction Co
Slide 22: Shtiog LYM Se0200 EVINRUDE ROTAX. can-am
oe Shtiog LYM Se0200 EVINRUDE ROTAX. can-am