Slide 1: Q1 2026 Earnings Conference Call
Q1 2026 Earnings Conference Call APRIL 30, 2026 ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 1
Slide 2: Forward-Looking Statements
BRUNSW ICK CORPORATION – EARNINGS RELEASE Forward-Looking Statements Certain statements in this presentation are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and projections abo
Slide 3: Use of Non-GAAP Financial Information and Constant Currency Reporting
BRUNSW ICK CORPORATION – EARNINGS RELEASE Use of Non-GAAP Financial Information and Constant Currency Reporting In this presentation, Brunswick uses certain non-GAAP financial measures, which are numerical measures of a registrant’s historical or future financial performance, financial position, or
Slide 4: Business Overview – David Foulkes, CEO
BRUNSW ICK CORPORATION – EARNINGS RELEASE 01 Business Overview – David Foulkes, CEO ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 4
Slide 5: Q1 2026 Highlights
BRUNSW ICK CORPORATION – EARNINGS RELEASE ✓ Q1 sales increased for all segments vs. prior year ✓ Strong operating leverage $1.4B $0.70 drove EPS growth, overcoming the impact of incremental tariffs Net Sales Adjusted1 EPS (+13% vs. Q1 2025) (+25% vs. Q1 2025) ✓ Q1 U.S. outboard retail Q1 2026 share
Slide 6: Q1 2026 – All Segments Grew YoY Sales for Third Consecutive Quarter
BRUNSW ICK CORPORATION – EARNINGS RELEASE Q1 2026 – All Segments Grew YoY Sales for Third Consecutive Quarter Propulsion Engine P&A Navico Group Boat1 ✓ Record MIBS outboard show ✓ Continued strength in both ✓ Sales growth and operating ✓ Trend of retail acceleration from share: 60% overall and 84%
Slide 7: External, Customer, and Consumer Conditions
BRUNSW ICK CORPORATION – EARNINGS RELEASE External, Customer, and Consumer Conditions External Landscape Tariffs Dealer & Customer OEM Environment Sentiment ✓ 2025 year-end rate cuts improved ✓ Q1 2026 changes to tariff regulations ✓ Improved but still cautious dealer and ✓ Wholesale up for both 202
Slide 8: Industry Retail
BRUNSW ICK CORPORATION – EARNINGS RELEASE Industry Retail Global Brunswick Q1 Boat Retail Approximately Flat Boats Overall Compared to Prior Year ✓ Q1 internal global and U.S. retail approximately >90% of Current Boat flat YoY against a relatively strong Q1 2025 Group Gross Margin (pre-tariffs) ✓ SS
Slide 9: New Boat Sales and Participation Historically Uncorrelated to Oil Price
BRUNSW ICK CORPORATION – EARNINGS RELEASE New Boat Sales and Participation Historically Uncorrelated to Oil Price Oil Price vs. Retail Unit Sales Typical Cost of Ownership Breakdown1 Boat Group COGS Fuel & operating cost Oil linked materials Storage Other raw Maint. & repair materials Insurance, Lab
Slide 10: Financial Overview – Ryan Gwillim, CFO
BRUNSW ICK CORPORATION – EARNINGS RELEASE 02 Financial Overview – Ryan Gwillim, CFO ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 10
Slide 11: Overview of First Quarter 2026 Adjusted Results
BRUNSW ICK CORPORATION – EARNINGS RELEASE Overview of First Net Sales ($M) Operating Earnings1 ($M) Quarter 2026 Operating Margin1 % $1,378 $83 Adjusted Results 90 8.00 % 80 $72 7.00 % $1,222 70 +13% 6.00 % 5.9% 6.0% 60 5.00 % ✓ Sales and earnings1 growth vs. Q1 50 40 4.00 % 2025 30 3.00 % 2.00 % 20
Slide 12: Propulsion Segment – Q1'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Propulsion Segment – Q1’26 Performance1 Significant sales increase resulting from strong OEM orders and continued share gains Q1’26 Net Sales Adjusted Operating Margin of % Change vs. Q1’25 $571.3 $448.3 17% 7.4% 19% Down 210 bps vs. Q1’25 (GAAP Operating Ma
Slide 13: Engine P&A Segment – Q1'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Engine P&A Segment – Q1’26 Performance1 Steady boating participation and distribution market share gains driving sales growth and margin expansion Q1’26 Net Sales Adjusted Operating Margin of % Change vs. Q1’25 16.7% $289.8 Up 140 bps vs. Q1’25 14% (GAAP Ope
Slide 14: Navico Group Segment – Q1'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Navico Group Segment – Q1’26 Performance1 New products and operational improvements continue to drive stronger financial performance Q1’26 Net Sales Adjusted Operating Margin of % Change vs. Q1’25 8.2% $223.5 7% Up 280 bps vs. Q1’25 (GAAP Operating Margin of
Slide 15: Boat Segment – Q1'26 Performance
BRUNSW ICK CORPORATION – EARNINGS RELEASE Boat Segment – Q1’26 Performance1 Sales and earnings growth driven by steady early season retail and pipeline maintenance Q1’26 Net Sales Adjusted Operating Margin of % Change vs. Q1’25 $394.7 6% 3.7% Up 130 bps vs. Q1’25 (GAAP Operating Margin of 1.6% down
Slide 16: 2026 Guidance
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2026 Guidance1 $4.25 EPS guidance midpoint up 30% from 2025 $5.65B to $5.8B 7.5% to 8.0% Revenue Operating Margin Previously: $5.6B to $5.8B No change $4.00 to $4.50 $350M+ EPS Free Cash Flow Previously: $3.80 to $4.40 No change $1.45B to $1.55B $1.10 to $1.
Slide 17: Wrap-Up – David Foulkes, CEO
BRUNSW ICK CORPORATION – EARNINGS RELEASE 03 Wrap-Up David Foulkes, CEO ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 17
Slide 18: Freedom Boat Club – the World's Largest Boat Club
BRUNSW ICK CORPORATION – EARNINGS RELEASE Freedom Boat Club – the World’s Largest Boat Club Freedom Boat Club ✓ Profitable, high-growth, recurring-revenue business model ✓ Expands boating participation to broader demographic Freedom Corporate ✓ Drives synergies across the Brunswick portfolio Freedom
Slide 19: Cutting-Edge Product Innovation
BRUNSW ICK CORPORATION – EARNINGS RELEASE Cutting-Edge Product Innovation 330 Outrage Boost Keyless System SLX 360 NSO 4 Flite RACE ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 19
Slide 20: Secured Nearly 50 Awards in Q1
BRUNSW ICK CORPORATION – EARNINGS RELEASE Secured Nearly 50 Awards in Q1 On track to again surpass 100 enterprise awards ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 20
Slide 21: Thank You and Q&A – Save the Date Brunswick 2026 Investor Day
Thank You and Q&A Save the Date 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
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 Low-to-Mid Mid High Guide2 Single-Digit Percent Single-Digit Percent Single-Digit Percent Single-Digit Percent Previously: M-HSD% No change No change Previously: M-HSD%
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 Positive Currency Net Incremental Tari
Slide 25: Net Sales – Q1 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – Q1 2026 Net Sales increased by $156.3 million, or 13% Segments Q1 2026 Q1 2025 % Change Propulsion $571.3 $487.0 17% NET Engine Parts & Accessories Navico Group 289.8 223.5 255.3 208.2 14% 7% SALES Boat 394.7 372.1 6% Segment Eliminations (101.2)
Slide 26: GAAP to Non-GAAP Reconciliations – Q1 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q1 2026 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) Q1 2026 Q1 2025 Q1 2026 Q1 2025 GAAP $50.3 $56.3 $0.32 $0.30 Purchase accounting a
Slide 27: GAAP to Non-GAAP Reconciliations – Q1 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q1 2026 Operating Earnings By Segment Q1 2026 (in millions) Propulsion Engine P&A Navico Group Boat Corporate Net sales $571.3 $289.8 $223.5 $394.7 — GAAP operating earnings (loss) 34.4 45.6 5.1 6.5 (41.3) Purchase accounti
Slide 28: Tax Rate
BRUNSW ICK CORPORATION – EARNINGS RELEASE Tax Rate Q1 2026 Q1 2025 Q1 Effective Tax Rate - GAAP Effective Tax Rate - As Adjusted 1 21.9% 22.1% 28.1% 22.1% (1) TAX PROVISION, AS ADJUSTED, EXCLUDES ($0.6) MILLION AND $1.8 MILLION OF NET PROVISIONS (BENEFITS) FOR SPECIAL TAX ITEMS FOR Q1 2026 AND Q1 20
Slide 29: Free Cash Flow
BRUNSW ICK CORPORATION – EARNINGS RELEASE Free Cash Flow (in millions) Q1 2026 Q1 2025 Net cash used for operating activities from continuing operations ($63.7) ($13.4) Net cash (used for) provided by: Q1 Capital expenditures (57.2) (37.7) Proceeds from sale of property, plant, equipment 4.7 3.4 Eff