BRP Presents Its Second Quarter Results for Fiscal Year 2025

Highlights

• Revenues of $1,841.9 million, a decrease of 33.7% compared to last year, reflecting the Company’s focus on reducing network inventory levels;
• Net income of $7.2 million, a decrease of $331.5 million compared to last year;
• Normalized EBITDA ^[1] of $198.5 million, a decrease of 58.0% compared to last year;
• Normalized diluted earnings per share ^[1][2] of $0.61, a decrease of $2.60 per share, and diluted earnings per share of $0.09, a decrease of $4.17 compared to last year;
• North American Powersports retail sales decreased by 18% compared to an industry that decreased in the high single digit %;
• Adjusting full year-end guidance for revenues, now ranging between $7.8 and $8.0 billion, and for Normalized diluted earnings per share ^[1][2], now ranging between $2.75 and $3.25.

Recent events – Highlights from Club BRP 2025

• The Company continued to push the boundaries of innovation and technology by enhancing its existing product lines, namely with the introduction of the all-new Can-Am Outlander 850 and 1000R ATVs, the Can-Am Maverick R Max SSV lineup, the Sea-Doo FishPro Apex, the Sea-Doo Switch Fish pontoon, and the 2025 Alumacraft Competitor and Trophy boat models, as well as with the launch of the brand-new Can-Am Canyon 3-wheel vehicle.
• BRP also formally launched its Can-Am Pulse and Can-Am Origin all-electric motorcycle lineup, marking its official entry into the electric motorcycle industry.

VALCOURT, QUEBEC, CANADA – September 6, 2024 – (Motor Sports NewsWire) – BRP Inc. (TSX: DOO) (NASDAQ: DOOO) today reported its financial results for the three- and six-month periods ended July 31, 2024. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available on SEDAR+ and EDGAR as well as in the section Quarterly Reports of BRP’s website.

“Our results were in line with expectations and reflect our ongoing focus on reducing network inventory to maintain our dealer value proposition. We have made great strides on that front, but the retail environment is more challenging with the economic context pressuring consumer demand. As such, our priority is to continue to proactively manage production and inventory levels, which leads us to revise our year-end guidance,” said José Boisjoli, President and CEO of BRP.

“We are coming off a successful dealer event, during which we introduced industry-leading innovations, including our Can-Am electric motorcycles, reflecting our…