Polaris Inc. · NYSE:PII
Polaris — Raymond James Institutional Investor Conference 2021
12 slides from Polaris's conference presentation, Mar 3, 2021
Slide 1: Raymond James Institutional Investor Conference
Mike Speetzen Interim CEO Raymond James Institutional Investor Conference March 3, 2021
Slide 2: Polaris At-a-Glance
Polaris At-a-Glance 2020 Sales by Segment Year Polaris was Founded $7.03B 8% Motorcycles Employees Worldwide +4% ORV/ Snow 6% Global Adjacent Markets YOY Grow th 64% 13% Aftermarket Global Manufacturing Locations 9% Boats Research & Development Centers 2020 Sales by Geography Powersports Dealers Wor
Slide 3: 2020 – The Year of Adjustments & Learnings
2020 – The Year of Adjustments & Learnings Employee Health & Dealer Closures & Increased Interest in Supply Chain Issues/ Safety Uncertain Operations the Outdoors Inventory Challenges New protocols - remote work Click.Deliver.Ride. ~700,000 Dealer inventory at New customers to Polaris historic low’s
Slide 4: 2020 Financial Results
2020 Financial Results Total Company Sales & EPS 2020 Sales by Segment SALES EPS ORV / Snowmobiles Motorcycles GAAP $7.028B 4% $1.99 62% 22% 4% $7.74 $7.025B $4.53B / 8% $582M / Flat ADJUSTED* Global Adjacent Markets Aftermarket Boats Full Year Full Year 2020 2020 $425M / 8% $885M / 2% $603M / 3% *S
Slide 5: Full Year 2021 Sales & EPS Guidance
Full Year 2021 Sales & EPS Guidance* Total Company Adjusted* Sales Guidance Adjusted* Earnings Per Share Guidance $ in millions 13% to 16% 9% to 13% $7,950 to $8,150 $8.45 to $8.75 $7,025 $7.74 FY 2020 FY 2021 FY 2020 FY 2021 Sales Actual Sales Guidance EPS Actual EPS Guidance *See GAAP/Non-GAAP Rec
Slide 6: 2021 Business Outlook & Priorities
2021 Business Outlook & Priorities Economic outlook remains tenuous Political landscape clearer; prepared to mitigate/manage changes, if warranted Powersports Industry robust demand continues, but muted compared to unprecedented 2020 Supply-chain constraints expected to moderate throughout the year
Slide 7: Q&A
Mike Speetzen Interim CEO Q&A Raymond James Institutional Investor Conference March 3, 2021
Slide 8: Appendix
Appendix Safe Harbor & Non-GAAP Measures 2020 Non-GAAP Reconciliations 2020 Non-GAAP Reconciliations – Segments 2021 Guidance Adjustments R.James 3/3/21 8
Slide 9: Safe Harbor & Non-GAAP Measures
Safe Harbor & Non-GAAP Measures Except for historical information contained herein, the matters set forth in this presentation, are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Pote
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of GAAP "Reported" Results to Non-GAAP "Adjusted" Results (In Millions, Except Per Share Data; Unaudited) Three months ended December 31, Twelve months ended December 31, 2020 2019 2020 2019 Sales $ 2,156.3 $ 1,735.9 $ 7,027.9 $ 6,782.5 Key Definitions: This p
Slide 11: Non-GAAP Reconciliations – Segments
Non-GAAP Reconciliations – Segments (In Millions, Unaudited) Three months ended December 31, Twelve months ended December 31, (In Millions, Unaudited) Three months ended December 31, Twelve months ended December 31, 2020 2019 2020 2019 2020 2019 2020 2019 SEGMENT SALES SEGMENT GROSS PROFIT ORV/Snow
Slide 12: 2021 Guidance Adjustments
2021 GUIDANCE ADJUSTMENTS 2021 guidance excludes the pre-tax effect of supply chain transformation, restructuring and network realignment costs of approximately $5 million to $10 million, and approximately $5 million to $10 million for class action litigation-related expenses. Intangible amortizatio
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