Brp, Inc. · TSX:DOO

Brp — Q2 2025 Earnings Presentation

24 slides from Brp's earnings presentation, Sep 6, 2024

  1. Slide 1: Quarterly Review: Second Quarter Ended July 31, 2024

    QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to those relating to the Company’s Fiscal Year 2025, including its updated financial guidance (including revenues, Normalized EBITDA, Effective Tax Ra

  3. Slide 3: José Boisjoli, President and Chief Executive Officer

    JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024

  4. Slide 4: FY25 Q2 Financial Highlights

    FY25 Q2 Financial Highlights Revenues Diluted Earnings per Share Normalized Diluted Earnings per Share[1] CA$ millions CA$ CA$ -34% -98% -81% $2,778 $4.26 $1,842 $3.21 $0.09 $0.61 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 Highlights vs. Last Year ◼ Revenues decreased 34% resulting from lower s

  5. Slide 5: Navigating an incrementally more challenging environment

    Navigating an incrementally more challenging environment Our industries have been softer than expected in the first half of the year leading to increased promotional activity and competitive pressure, a trend that continued in August and is expected to persist through the second half of the year Ind

  6. Slide 6: FY25 Q2 Retail Performance Update

    FY25 Q2 Retail Performance Update Retail Performance by Key Region North American Retail Performance by Product Line FY25 Q2 vs FY24 Q2 FY25 Q2 vs FY24 Q2 FY25 Q2 YTD vs FY24 Q2 YTD MARKET INDUSTRY INDUSTRY INDUSTRY SHARE NORTH AMERICA HIGH-SINGLE HIGH-SINGLE HIGH-SINGLE TOTAL POWERSPORTS 18% DIGIT

  7. Slide 7: Concluded another successful season for Can-Am ORV

    Concluded another successful season for Can-Am ORV Delivered another record season Gained market shares in both SSV and ATV Continued growing our share in terms of retail sales despite increased competitive intensity of our dealers’ ORV businesses BRP NORTH AMERICAN BRP NORTH AMERICAN ORV NORTH AMER

  8. Slide 8: BRP Club 2025 Highlights: Introducing the Can-Am Origin and Pulse

    BRP Club 2025 Highlights: Introducing the Can-Am Origin and Pulse Expanding our addressable market with our re-entry in the motorcycle industry INTRODUCED OUR FIRST TWO ELECTRIC MOTORCYCLE MODELS Two differentiated models designed for commuting and light recreational usage LOADED WITH INDUSTRY-LEADI

  9. Slide 9: BRP Club 2025 Highlights: Exceptional Year for New Model Launches

    BRP Club 2025 Highlights: Exceptional Year for New Model Launches MY25 MAVERICK R MAX MY25 CAN-AM OUTLANDER 800 Multiple key product introductions to position the business for continued success MAINTAINING OUR LEADERSHIP IN TERMS OF INNOVATION Introduced several product upgrades and new technologies

  10. Slide 10: Year-Round Products

    Year-Round Products Highlights Revenues CA$ millions Year-Round Products | Revenues down 33% -33% ◼ Lower volume of products sold as planned as we focus on reducing network inventory levels ◼ Higher sales programs ◼ Favourable product mix of SSV and 3WV, and Fx impact $1,462 Retail Sales Update $985

  11. Slide 11: Seasonal Products

    Seasonal Products Highlights Revenues CA$ millions Seasonal Products | Revenues down 40% -40% ◼ Lower volume of products sold as planned as we focus on reducing network inventory levels ◼ Higher sales programs ◼ Favourable product mix, and Fx impact $898 $542 Retail Sales Update PERSONAL FY24 Q2 FY2

  12. Slide 12: Powersports PA&A and OEM Engines / Marine

    Powersports PA&A and OEM Engines / Marine Powersports PA&A and OEM Engines Highlights Revenues CA$ millions Powersports PA&A and OEM Engines | Revenues down 12% -12% ◼ Lower volume of sales due to high inventory levels and softer retail trends ◼ Fx impact Additional Information: ◼ Parts: Revenues do

  13. Slide 13: Sébastien Martel, Chief Financial Officer

    SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024

  14. Slide 14: FY25 Q2 Financial Overview

    FY25 Q2 Financial Overview Highlights Net Income Bridge CA$ millions 3-month periods ended 6-month periods ended CA$ millions FY25 FY24 Change FY25 FY24 Change Total Revenues $1,841.9 $2,778.0 (33.7%) $3,873.6 $5,207.4 (25.6%) (241) Gross Profit $376.5 $697.6 (46.0%) $856.5 $1,321.1 (35.2%) 339 As a

  15. Slide 15: BRP North American Powersports Dealer Inventory Update

    BRP North American Powersports Dealer Inventory Update Dealer Inventory Evolution Inventory Position Bridge from Q4 DEALER INVENTORY DEALER INVENTORY EVOLUTION BY QUARTER EVOLUTION VS Q4 FY24 North America Powersports, Units North America Powersports, Units FY25 Plan Seasonal Improved inventory buil

  16. Slide 16: FY25 Full-Year Guidance - as at September 6, 2024

    FY25 Full-Year Guidance - as at September 6, 2024 FY24 FY25 Guidance Previous Guidance ACTUAL AS AT SEPTEMBER 6, 2024 AS AT MAY 31, 2024 REVENUES YEAR-ROUND PRODUCTS $5,339.4 DOWN 20% TO 22% DOWN 7% TO 10% SEASONAL PRODUCTS $3,410.7 DOWN 30% TO 32% DOWN 26% TO 28% POWERSPORTS PA&A AND OEM ENGINES $1

  17. Slide 17: José Boisjoli, President and Chief Executive Officer

    JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024

  18. Slide 18: Closing Remarks

    Closing Remarks EXECUTING ON OUR OBJECTIVE OF REDUCING OUR NETWORK INVENTORY › Leading the industry with our proactive approach to network inventory management to support our dealers and protect their business, the value of our brands and our long-term profitable growth › Brought down network invent

  19. Slide 19: Q&A Period

    Q&A PERIOD QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024

  20. Slide 20: Appendix

    APPENDIX QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024

  21. Slide 21: Reconciliation Tables

    Reconciliation Tables 3-month periods ended 6-month periods ended CA$ millions Jul. 31, 2024 Jul. 31, 2023 Jul. 31, 2024 Jul. 31, 2023 Net Income / (Loss) $7.2 $338.7 ($0.2) $493.2 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities 11.9 (77.6) 82.6 (33.8) Gain on NCIB

  22. Slide 22: Reconciliation Tables: Free Cash Flow

    Reconciliation Tables Free Cash Flow 3-month periods ended 6-month periods ended CA$ millions Jul. 31, 2024 Jul. 31, 2023 Jul. 31, 2024 Jul. 31, 2023 Net Cash Flows Generated from Operating Activities $111.6 $489.4 $253.0 $748.2 Additions to Property, Plant and Equipment (98.5) (93.7) (165.3) (204.9

  23. 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

  24. Slide 24: Ski-Doo

    us Ski-Doo Lynx Sea-Doo Can-Am Rotax Alumacraft Manitou FT) ADVENTURE BY DESIGN Quintrex

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