Slide 1: Quarterly Review: First Quarter Ended April 30, 2017
QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2017 Presentation title Month date, year 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain information included in this release, including, but not limited to, statements relating to our Fiscal Year 2018 financial outlook (including revenues, gross profit margin, operating expenses, Normalized EBITDA, Effective Tax Rate, Normalized net income and Normali
Slide 3: José Boisjoli, President & Chief Executive Officer
JOSÉ BOISJOLI PRESIDENT & CHIEF EXECUTIVE OFFICER QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2017 BRP Inc. - FY18 Q1 3
Slide 4: FY18 Q1 Revenues and Normalized EPS
FY18 Q1 Revenues and Normalized EPS[1] Revenues Normalized EPS - Diluted[1] CA$ millions CA$ 3% $0.21 $956,2 $0,25 $929,9 $0,04 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 Highlights vs. Year Ago Increase of 3% in revenues primarily driven by higher wholesale SSV, PWC and PAC Gross profit margin increased 8
Slide 5: Year-Round Products
Year-Round Products Revenues Business Dynamics CA$ millions Revenue decrease of 2%: 2% Mainly driven by lower Spyder vehicle volume, partially offset by a higher wholesale and favourable product mix in SSV due to the introduction of the Can-Am Maverick X3 $400,2 $390,4 Off-Road Vehicles FY17 Q1 FY
Slide 6: MY18 Can-Am ORV: Maverick X3 Upgrade
MY18 Can-Am ORV: Maverick X3 Upgrade HORSEPOWER UPGRADE AVAILABLE ON BOTH THE MAVERICK X3 AND THE MAVERICK X3 MAX 18HP Now delivering 172HP Maintaining the performance leadership in the Sport SSV category BRP Inc. - FY18 Q1 6
Slide 7: Notable MY18 Can-Am ORV News
Notable MY18 Can-Am ORV News Maverick X3 Turbo R Defender MAX HD10 XT CAB Defender MAX HD8 Now at 172 hp - Up 18 hp from the previous Maverick X3 generation Factory-built 6-passenger Defender with a full cab Entry-level 6-passenger Defender Commander Outlander North Edition Outlander X xc 1000R New
Slide 8: Seasonal Products
Seasonal Products Revenues Business Dynamics CA$ millions Revenue increase of 7%: 7% Primarily driven by higher volume and favourable product mix of PWC sold Snowmobiles $306,5 $286,8 North American snowmobile industry retail ended season 2017 down mid-single digit % Ski-Doo retail was down hi
Slide 9: Propulsion Systems and Parts, Accessories and Clothing
Propulsion Systems and Parts, Accessories and Clothing Propulsion Systems Parts, Accessories and Clothing Revenues Revenues CA$ millions CA$ millions 5% 17% $153,7 $131,8 $111,1 $105,6 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 Business Dynamics Business Dynamics Revenue decrease of 5%: Revenue increase of 17%
Slide 10: Sébastien Martel, Chief Financial Officer
SÉBASTIEN MARTEL CHIEF FINANCIAL OFFICER QUARTERLY REVIEW FIRST QUARTER ENDED APRIL 30, 2017 BRP Inc. - FY18 Q1 10
Slide 11: FY18 Q1 - Financial Highlights
FY18 Q1 - Financial Highlights Q1 comparison CA$ millions FY18 FY17 Change Total Revenues $956.2 $929.9 $26.3 Growth +2.8% Gross Profit $207.2 $194.1 $13.1 As a % of revenues 21.7% 20.9% Operating Income $40.5 $6.5 $34.0 As a % of revenues 4.2% 0.7% Net Income (Loss) ($18.5) $110.7 ($129.2) As a % o
Slide 12: FY18 Q1 - Normalized Net Income Bridge
FY18 Q1 - Normalized Net Income[1] Bridge CA$ millions 11 (7) 4 28 15 5 FY17 Q1 Volume, Mix, Production Costs Net Financing Foreign Exchange FY18 Q1 Pricing and and Operating Expenses Costs and Rates and Others Sales Programs Normalized Income Tax Expense [1] See “Non-IFRS Measures” section in appen
Slide 13: BRP North American Powersports Dealer Inventory
BRP North American Powersports Dealer Inventory Dealer Inventory Level Units, Excluding Outboard Engines Dealer inventory[1] ended FY18 Q1 up 12% from FY17 Q1 level Q1 Q2 Q3 Q4 Increase primarily driven by: FY16 FY17 FY18 higher level of snowmobile inventory due to the weak snow conditions, nota
Slide 14: FY18 Full-Year Guidance - as at June 01, 2017
FY18 Full-Year Guidance - as at June 01, 2017 Financial Metric FY18 Guidance vs FY17 Revenues Year-Round Products Up 8% to 12% (increased from up 6% to 10%) Seasonal Products Down 1% to Up 3% (increased from down 4% to Flat) Propulsion Systems Flat to up 5% PAC Up 5% to 9% (increased from up 4% to 8
Slide 15: Declaration of a Quarterly Dividend and Launch of a $350M Substantial Issuer Bid
Declaration of a Quarterly Dividend and Launch of a $350M Substantial Issuer Bid Dividend Substantial Issuer Bid DECLARATION OF A QUARTERLY LAUNCH OF A $350M DIVIDEND OF $0.08 SUBSTANTIAL ISSUER BID Represents ~$36M annually To be executed through a Dutch Auction First dividend to be paid on J
Slide 16: Closing Remarks
CLOSING REMARKS SKI-DOO © LYNX © SEA-DOO QUARTERLY REVIEW EVINRUDE © © FIRST QUARTER ENDED APRIL 30, 2017 ROTAX © CAN-AM © BRP Inc. - FY18 Q1 © 2017 BRP all rights reserved. Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am and the BRP logo 16 are trademarks of Bombardier Recreational Products Inc. or
Slide 17: Q&A Period
Q&A PERIOD SKI-DOO © LYNX © SEA-DOO QUARTERLY REVIEW EVINRUDE © © FIRST QUARTER ENDED APRIL 30, 2017 ROTAX © CAN-AM © BRP Inc. - FY18 Q1 © 2017 BRP all rights reserved. Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am and the BRP logo 17 are trademarks of Bombardier Recreational Products Inc. or its
Slide 18: Global Leader in Powersports Vehicles and Engines
Global Leader in Powersports Vehicles and Engines Year-Round Products All-Terrain Vehicles Side-by-Side Vehicles Roadsters Seasonal Products Ski-Doo Snowmobiles Lynx Snowmobiles Personal Watercraft Propulsion Systems Outboard OEM Engines Engines Diversified Product Portfolio AND Powerful Brands BRP
Slide 19: Appendix
APPENDIX SKI-DOO © LYNX © SEA-DOO QUARTERLY REVIEW EVINRUDE © © FIRST QUARTER ENDED APRIL 30, 2017 ROTAX © CAN-AM © BRP Inc. - FY18 Q1 © 2017 BRP all rights reserved. Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am and the BRP logo 19 are trademarks of Bombardier Recreational Products Inc. or its af
Slide 20: Reconciliation Tables
Reconciliation Tables Three-month periods ended CA$ millions Apr. 30, 2017 Apr. 30, 2016 Net Income (Loss) $(18.5) $110.7 Normalized elements: Foreign exchange (gain) loss on long-term debt 42.9 (119.2) Restructuring costs reversal[1] - (0.5) Loss on litigation[2] 4.8 19.5 Income taxes adjustment (0
Slide 21: BRP Inc. - FY18 Q1
Ski-Doo” Lynx" Sea-Doo" BRP. Evinrude” Rotax’ Can-Am’ THE ULTIMATE POWERSPORTS EXPERIENCE