Slide 1: Quarterly Review: Second Quarter Ended July 31, 2024
QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024
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
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
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
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
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
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
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
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
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 $985
Slide 11: Seasonal Products
Seasonal Products Highlights Revenues CA$ 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 $542 Retail Sales Update PERSONAL FY24 Q2 FY2
Slide 12: Powersports PA&A and OEM Engines / Marine
Powersports PA&A and OEM Engines / Marine Powersports PA&A and OEM Engines Highlights Revenues CA$ 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
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
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
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
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 $1
Slide 17: José Boisjoli, President and Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT AND CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024
Slide 18: Closing Remarks
Closing Remarks EXECUTING ON OUR OBJECTIVE OF REDUCING OUR NETWORK INVENTORY › Leading the industry with our proactive approach to network inventory management to support our dealers and protect their business, the value of our brands and our long-term profitable growth › Brought down network invent
Slide 19: Q&A Period
Q&A PERIOD QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024
Slide 20: Appendix
APPENDIX QUARTERLY REVIEW SECOND QUARTER ENDED JULY 31, 2024 QUARTERLY REVIEW Second Quarter Ended July 31, 2024
Slide 21: Reconciliation Tables
Reconciliation Tables 3-month periods ended 6-month periods ended CA$ millions Jul. 31, 2024 Jul. 31, 2023 Jul. 31, 2024 Jul. 31, 2023 Net Income / (Loss) $7.2 $338.7 ($0.2) $493.2 Normalized Elements: Foreign Exchange Loss on Long-term Debt and Lease Liabilities 11.9 (77.6) 82.6 (33.8) Gain on NCIB
Slide 22: Reconciliation Tables: Free Cash Flow
Reconciliation Tables Free Cash Flow 3-month periods ended 6-month periods ended CA$ 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
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
Slide 24: Ski-Doo
us Ski-Doo Lynx Sea-Doo Can-Am Rotax Alumacraft Manitou FT) ADVENTURE BY DESIGN Quintrex