Slide 1: Q2 2026 Earnings Conference Call
Q2 2026 Earnings Conference Call JULY 30, 2026 ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 1
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
BRUNSW ICK CORPORATION – EARNINGS RELEASE Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, plans, outlook, and future
Slide 3: Business Overview
BRUNSW ICK CORPORATION – EARNINGS RELEASE 01 Business Overview — David Foulkes, CEO ©2026 ©2026BRUNSW BRUNSWICK ICKCO. CO.CONFIDENTIAL CONFIDENTIALAND ANDALL ALLRIGHTS RIGHTSRESERVED. ESERVED. 3
Slide 4: Q2 2026 highlights
BRUNSW ICK CORPORATION – EARNINGS RELEASE ✓ Q2 sales increased for all segments vs. prior year ✓ Core performance well ahead of expectations; $1.6B $1.56 supplemented by partial IEEPA refund Net Sales Adjusted1 EPS ✓ Excluding net IEEPA (+8% vs. Q2 2025) (+34% vs. Q2 2025) refunds, margin expanded Q
Slide 5: External, Customer, and Consumer Conditions
BRUNSW ICK CORPORATION – EARNINGS RELEASE External, Customer, and Consumer Conditions External Landscape Tariffs Dealer & Customer OEM Environment Sentiment ✓ Uncertainty from prolonged Iran ✓ Successful mitigation actions ✓ More cautious consumer, especially ✓ Gaining OEM momentum with conflict and
Slide 6: Q2 2026 – All Segments Grew YoY Sales for Fourth Consecutive Quarter
BRUNSW ICK CORPORATION – EARNINGS RELEASE Q2 2026 – All Segments Grew YoY Sales for Fourth Consecutive Quarter Propulsion Engine P&A ✓ R12 46% U.S. outboard share with strong wholesale share gains ✓ Solid boater participation drove highest Q2 sales since 2022 continuing YTD ✓ 100+ bps operating marg
Slide 7: Q2 2026 – All Segments Grew YoY Sales for Fourth Consecutive Quarter
BRUNSW ICK CORPORATION – EARNINGS RELEASE Q2 2026 – All Segments Grew YoY Sales for Fourth Consecutive Quarter Navico Group Boat1 ✓ Fourth consecutive quarter of YoY sales growth from well-received ✓ SSI June YTD U.S. boat industry retail down ~4%, with Brunswick new products, OEM wins, and strong r
Slide 8: Financial Overview
BRUNSW ICK CORPORATION – EARNINGS RELEASE 02 Financial Overview – Ryan Gwillim, CFO ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 8
Slide 9: Overview of Second Quarter 2026 Adjusted Results
BRUNSW ICK CORPORATION – EARNINGS RELEASE Overview of Second Net Sales ($M) Operating Earnings1 ($M) Quarter 2026 Operating Margin1 % $1,558 $150 Adjusted Results 13.0 0% 150 $1,447 12.0 0% +8% 140 $126 11.0 0% ✓ Sales and adjusted earnings1 growth 130 10.0 0% vs. Q2 2025 – 4th consecutive 120 9.6%
Slide 10: Q2 2026 Adjusted EPS Bridge
BRUNSW ICK CORPORATION – EARNINGS RELEASE Q2 2026 Adjusted EPS Bridge1 Adjusted EPS significantly ahead of expectations due to strong business performance, with additional benefit from IEEPA refunds $1.56 $1.15 Q2 2026 Guidance Q2 Net IEEPA Q2 2026 Midpoint - Apr Overperformance Refunds 1SEE THE APP
Slide 11: Overview of 2026 1H Adjusted Results
BRUNSW ICK CORPORATION – EARNINGS RELEASE Overview of 2026 1H Net Sales ($M) Operating Earnings1 ($M) Adjusted Results Operating Margin1 % $2,936 240 $233 12.0 0% $2,669 220 $198 10.0 0% +10% 200 8.00 % ✓ Sales and adjusted margins and 7.9% 180 7.4% 6.00 % earnings1 growth vs. 1H 2025 160 4.00 % 140
Slide 12: Propulsion Segment – Q2'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Propulsion Segment – Q2’26 Performance1 Strong sales increase resulting from steady OEM orders and continued robust market share Q2’26 Net Sales Adjusted Operating Margin of % Change vs. Q2’25 $644.0 $499.2 8% 11.2% Down 10 bps vs. Q2’25 7% (GAAP Operating M
Slide 13: Engine P&A Segment – Q2'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Engine P&A Segment – Q2’26 Performance1 Strong boating participation and distribution market share gains driving sales growth and margin expansion Q2’26 Net Sales Adjusted Operating Margin of % Change vs. Q2’25 $367.9 9% 23.3% Up 200 bps vs. Q2’25 (GAAP Oper
Slide 14: Navico Group Segment – Q2'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Navico Group Segment – Q2’26 Performance1 New products and operational improvements continue to drive stronger financial performance Q2’26 Net Sales Adjusted Operating Margin of % Change vs. Q2’25 $215.8 7% 12.1% Up 680 bps vs. Q2’25 (GAAP Operating Margin o
Slide 15: Boat Segment – Q2'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Boat Segment – Q2’26 Performance1 Sales and earnings growth driven by premium/core portfolio, mix, operational efficiencies, and Freedom Boat Club performance Q2’26 Net Sales Adjusted Operating Margin of % Change vs. Q2’25 $424.4 5% 4.5% Up 120 bps vs. Q2’25
Slide 16: 2026 Guidance
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2026 Guidance1 Includes IEEPA refunds net impact $5.7B to $5.8B ~8.0% Revenue Operating Margin Previously: $5.65B to $5.8B Previously: 7.5% to 8.0% $4.35 to $4.75 $400M+ EPS Free Cash Flow Previously: $4.00 to $4.50 Previously: $350M+ $1.4B to $1.5B $1.20 to
Slide 17: 2026 Adjusted EPS Midpoint Bridge
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2026 Adjusted EPS Midpoint Bridge1 $4.55 EPS guidance midpoint, up 39% from 2025 Adjusted EPS guidance increasing: ✓ Strong across-the-board sales and earnings performance ✓ Steady OEM orders across all $4.55 businesses ✓ Outstanding P&A and Navico Group aft
Slide 18: Wrap-Up
BRUNSW ICK CORPORATION – EARNINGS RELEASE 03 Wrap-Up David Foulkes, CEO ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 18
Slide 19: 15 Boating Industry Top Product Awards in 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE 15 Boating Industry Top Product Awards in 2026 A New Record for Brunswick Boston Whaler Harris Lowe Lund NAVAN 330 Outrage Sunliner LF Pontoon Crossover XS T30 Princecraft Princecraft Sea Ray Thunder Jet Fliteboard Platinum 190 Vogue 25 WRL SLX 360 Outboard
Slide 20: Company Record 86 Awards in 1H
BRUNSW ICK CORPORATION – EARNINGS RELEASE Company Record 86 Awards in 1H Will surpass 100 enterprise awards for 5th Consecutive Year ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 20
Slide 21: Thank You and Q&A – Brunswick 2026 Investor Day
Thank You and Q&A Brunswick 2026 Investor Day Mercury Marine Headquarters – Fond du Lac, Wisconsin August 11, 2026 9:00 (Arrival & Continental Breakfast) 10:00 – 3:30 Event Participants will experience a site tour, live Q&A with management and on-water experiences showcasing the latest Brunswick inn
Slide 22: Appendix
BRUNSW ICK CORPORATION – EARNINGS RELEASE Appendix ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 22
Slide 23: 2026 Outlook – Segment Guide
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2026 Outlook – Segment Guide1 Propulsion Engine P&A Navico Group Boat Revenue Growth High Mid Mid High Guide2 Single-Digit Percent Single-Digit Percent Single-Digit Percent Single-Digit Percent Previously: M-HSD% Previously: L-MSD% Operating Margin Up 100+ ~
Slide 24: 2026 Outlook – Capital Strategy and Other Assumptions
BRUNSWICK CORPORATION – EARNINGS RELEASE 2026 Outlook – Capital Strategy and Other Assumptions1 Debt Average Diluted Effective Tax Rate Net Working Capital Retirement Shares Outstanding Net Interest Expense As Adjusted2 Generation $160M+ ~65.5M ~$95M ~22% ~$50M Previously: ~$160M Positive Currency N
Slide 25: Net Sales – Q2 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – Q2 2026 Net Sales increased by $110.8 million, or 8% Segments Q2 2026 Q2 2025 % Change Propulsion $644.0 $598.2 8% NET Engine Parts & Accessories 367.9 337.8 9% Navico Group 215.8 202.3 7% SALES Boat 424.4 405.6 5% (in millions) Segment Eliminati
Slide 26: GAAP to Non-GAAP Reconciliations – Q2 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q2 2026 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) Q2 2026 Q2 2025 Q2 2026 Q2 2025 GAAP 129.4 103.3 1.66 0.90 Purchase accounting amo
Slide 27: GAAP to Non-GAAP Reconciliations – Q2 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q2 2026 Operating Earnings By Segment Q2 2026 (in millions) Propulsion Engine P&A Navico Group Boat Corporate Net sales $644.0 $367.9 $215.8 $424.4 — GAAP operating earnings (loss) 71.2 85.6 13.2 15.3 (55.9) Supplier bankru
Slide 28: Net Sales – YTD 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – YTD 2026 Net Sales increased by $267.1 million, or 10% Segments YTD 2026 YTD 2025 % Change Propulsion $1,215.3 $1,085.2 12% NET Engine Parts & Accessories 657.7 593.1 11% Navico Group 439.3 410.5 7% SALES Boat 819.1 777.7 5% (in millions) Segment
Slide 29: GAAP to Non-GAAP Reconciliations – YTD 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – YTD 2026 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) YTD 2026 YTD 2025 YTD 2026 YTD 2025 GAAP 179.7 159.6 1.97 1.21 Purchase accountin
Slide 30: GAAP to Non-GAAP Reconciliations – YTD 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – YTD 2026 Operating Earnings By Segment YTD 2026 (in millions) Propulsion Engine P&A Navico Group Boat Corporate Net sales $1,215.3 $657.7 $439.3 $819.1 — GAAP operating earnings (loss) 105.6 131.2 18.3 21.8 ($97.2) Supplier
Slide 31: Tax Rate
BRUNSW ICK CORPORATION – EARNINGS RELEASE Tax Rate Q2 2026 Q2 2025 1 Q2 Effective Tax Rate - GAAP Effective Tax Rate - As Adjusted 2 (1.7%) 19.4% 20.8% 21.5% YTD 2026 YTD 2025 YTD Effective Tax Rate - GAAP 1 3.1% 22.8% Effective Tax Rate - As Adjusted 2 20.2% 21.7% (1) Effective tax rate - GAAP incl
Slide 32: Free Cash Flow
BRUNSW ICK CORPORATION – EARNINGS RELEASE Free Cash Flow (in millions) Q2 2026 Q2 2025 Net cash provided by operating activities of continuing operations $315.2 $322.5 Net cash (used for) provided by: Q2 Capital expenditures (41.4) (44.9) Proceeds from sale of property, plant, equipment 4.5 3.4 Effe