Core Viewpoint - BRP Inc. will hold its first quarter FY2026 financial results conference call and Annual and Special Meeting of Shareholders on May 29, 2025, providing insights into the company's performance and future direction [1][2]. Financial Results Conference Call - The conference call for the first quarter FY2026 will take place at 9 a.m. EDT, where the CEO and CFO will present the results and answer analysts' questions [2]. - A press release detailing the financial results will be distributed on May 29 at approximately 6 a.m. EDT [3]. Annual and Special Meeting of Shareholders - The Annual and Special Meeting will be conducted virtually, allowing all shareholders to participate regardless of location [4]. - The meeting is scheduled for May 29, 2025, at 11 a.m. EDT, and will be accessible via webcast [5]. - Registered shareholders are encouraged to vote in advance and can submit questions via email before the meeting [7]. Company Overview - BRP Inc. is a global leader in powersports products, with annual sales of CA$7.8 billion and a workforce of approximately 16,500 as of January 31, 2025 [10]. - The company offers a diverse portfolio of brands, including Ski-Doo, Sea-Doo, and Can-Am, and is committed to developing electric models for its product lines [10].

Company Overview - BRP Inc is a leader in the powersports industry with a diverse product portfolio that includes Ski-Doo snowmobiles, Sea-Doo watercrafts, and Can-Am off-road vehicles [1] Investment Philosophy - The investment approach focuses on value and deep value, emphasizing a concentrated portfolio in key companies with thorough industry research [1] - The importance of understanding qualitative aspects of a company and tying them into a supportive valuation is highlighted [1] Educational Background - The educational background includes a specialization in Accounting and a minor in Economics from Wilfrid Laurier University in Ontario, Canada [1] - The current pursuit of a CPA designation indicates a commitment to professional development in finance [1] Professional Role - The company operates in a large Financial Services firm in Toronto, Canada, in a non-investment risk-related role [1] Goals and Interests - The goal of writing on Seeking Alpha is to obtain second opinions on investment ideas and inspire readers to think differently about investing [1] - There is an interest in studying past examples of successful and unsuccessful deep value investments to understand effective strategies [1]

Core Insights - BRP's design team has been awarded the title "Red Dot: Design Team of the Year 2025," recognizing their continuous excellence in innovation and design [1][2] - The award highlights the team's user-centric design philosophy and their commitment to developing market-shaping products that enhance BRP's growth [1][3] - BRP has received a total of 56 Red Dot awards over the years, showcasing their strong design culture and industry leadership [1] Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with over 80 years of experience [3] - The company reported annual sales of CA$7.8 billion and employs approximately 16,500 people as of January 31, 2025 [3] - BRP's product portfolio includes well-known brands such as Ski-Doo, Lynx, Sea-Doo, Can-Am, and Rotax, and the company is committed to developing electric models for its existing product lines [3]

Core Viewpoint - BRP Inc. will hold its first quarter FY2026 financial results conference call and Annual and Special Meeting of Shareholders on May 29, 2025, providing insights into the company's performance and future direction [1][2]. Financial Results Conference Call - The conference call for the first quarter FY2026 will take place at 9 a.m. EDT, where the CEO and CFO will present the results and answer analysts' questions [2]. - A press release detailing the financial results will be distributed on May 29 at approximately 6 a.m. EDT [3]. Annual and Special Meeting of Shareholders - The Annual and Special Meeting will be a virtual event, allowing all shareholders to participate regardless of location [4]. - The meeting is scheduled for 11 a.m. EDT on May 29, 2025, and will be accessible via webcast [5]. - Registered shareholders are encouraged to vote their shares in advance and can submit questions via email before the meeting [7]. Company Overview - BRP Inc. is a global leader in powersports products, with a diverse portfolio including Ski-Doo, Sea-Doo, and Can-Am brands, and reported annual sales of CA$7.8 billion as of January 31, 2025 [10]. - The company employs approximately 16,500 people and is committed to developing electric models for its product lines [10].

Core Viewpoint - BRP Inc. is holding its annual and special meeting of shareholders on May 29, 2025, which will be conducted virtually, allowing equal participation for all shareholders regardless of location [1][2]. Group 1: Meeting Details - The meeting will take place at 11:00 a.m. EDT and will be accessible via live webcast [1]. - Registered shareholders and proxy holders are encouraged to vote in advance or participate virtually during the meeting [2]. - Voting results will be announced after the meeting and reported on SEDAR+ [2]. Group 2: Participation Instructions - Shareholders can join the meeting online using a control number and password, while guests can listen but cannot vote or ask questions [3]. - Questions can be submitted in advance via email or during the meeting through the online platform [4]. Group 3: Company Overview - BRP Inc. is a global leader in powersports products, with a portfolio that includes brands like Ski-Doo, Sea-Doo, and Can-Am [5]. - The company reported annual sales of CA$7.8 billion and employs approximately 16,500 people as of January 31, 2025 [5]. - BRP is committed to responsible growth and is developing electric models for its existing product lines [5].

Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with over 80 years of experience and a strong consumer focus [5] - The company offers a diverse portfolio of brands, including Ski-Doo, Lynx, Sea-Doo, Can-Am, Alumacraft, Quintrex, Manitou, and Rotax, catering to various recreational activities [5] - As of January 31, 2025, BRP reported annual sales of CA$7.8 billion and employed approximately 16,500 people across more than 130 countries [5] Shareholder Meeting Details - The annual and special meeting of shareholders is scheduled for May 29, 2025, at 11:00 a.m. EDT, and will be conducted virtually [1][2] - All shareholders can participate regardless of location, and registered shareholders are encouraged to vote in advance or during the meeting [2] - Voting results will be announced after the meeting and reported on SEDAR+ [2] Participation and Communication - Shareholders can join the meeting online or via conference call, with options for submitting questions in advance or during the meeting [3][4] - Questions must be submitted by email by 11:00 a.m. EDT on May 27, 2025, or 48 hours prior to any postponed meeting [4]

Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with over 80 years of experience and annual sales of CA$7.8 billion from over 130 countries as of January 31, 2025 [4] - The company employs approximately 16,500 people and offers a diverse portfolio of brands including Ski-Doo, Lynx, Sea-Doo, Can-Am, Alumacraft, and Rotax [4] Acquisition Details - Bryton Marine Group, a diversified marine manufacturer specializing in aluminum boats, has acquired the Alumacraft marine business from BRP [2] - The acquisition is expected to close by the end of BRP's first quarter, with both companies collaborating to ensure a smooth transition [2] - Bryton Marine Group aims to expand its North American boat building brand footprint and continue the legacy of Alumacraft, which has been part of family memories for over 75 years [2] Bryton Marine Group Profile - Bryton Marine Group is North America's largest private family-owned builder of aluminum boats, serving both commercial and recreational markets [6] - The group consists of six industry-leading brands and is dedicated to advancing boatbuilding through modern engineering and craftsmanship [6]

Core Viewpoint - BRP Inc. has entered into a definitive agreement to sell 100% of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., focusing on enhancing its core Powersports activities by divesting its Marine businesses [1][2][3] Group 1: Transaction Details - The sale includes renowned brands such as Quintrex, Stacer, and Savage under Telwater Pty, Ltd. [3] - The transaction is subject to customary closing conditions, including regulatory approval, and is expected to be completed in the second quarter of BRP's Fiscal 2026 [3] - National Bank Financial Inc. acted as the financial advisor, while Stikeman Elliott LLP served as the legal advisor for BRP in this transaction [4] Group 2: Company Background - BRP Inc. is a global leader in powersports products, with a portfolio that includes Ski-Doo, Lynx, Sea-Doo, Can-Am, Alumacraft, and Rotax brands [6] - The company reported annual sales of CA$7.8 billion and employed approximately 16,500 people as of January 31, 2025 [6]

Financial Data and Key Metrics Changes - The company reported revenues of $7.8 billion, normalized EBITDA of $1 billion, and normalized EPS of $4.68, all within the revised guidance range [10][31]. - Inventory levels were reduced by 13% year-over-year, or 18% when excluding Snowmobile, which experienced softer retail demand [10][11]. - The fourth quarter revenues decreased by 20% to $2.1 billion, primarily due to lower shipments and higher sales programs [30]. Business Line Data and Key Metrics Changes - ORV retail was down about 10%, while ATV retail also saw a similar decline due to non-current unit dynamics [21][22]. - Seasonal product revenues decreased by 29% to $678 million, reflecting reduced shipments [24]. - Snowmobile retail was down low 30% in the quarter, with a better performance in February and March due to improved snow conditions [25][26]. Market Data and Key Metrics Changes - North American Powersports retail was down 21%, with a decline of 11% when excluding Snowmobile [12]. - EMEA and Asia Pacific markets saw retail declines of 11% and 10%, respectively, while Latin America outperformed with a 16% increase in retail [13]. - The company gained market share in current units despite losing ground in non-current units due to inventory reductions [16][17]. Company Strategy and Development Direction - The company aims to focus on its Powersports leadership position and capitalize on long-term growth opportunities [9][40]. - A decision was made to sell the Marine business, which is currently in the sales process [8]. - The company plans to continue investing in core activities and new product introductions to enhance market presence [9][19]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging fiscal year due to macroeconomic pressures and consumer demand [6][7]. - The company remains cautious about the upcoming production schedule and inventory management due to ongoing tariff disputes and economic uncertainty [32][38]. - Management refrained from issuing guidance for fiscal '26 due to unpredictable operating conditions and consumer confidence [38][39]. Other Important Information - The company achieved over $200 million in lean savings for the year, contributing to operational efficiency [8]. - Free cash flow from continuing operations exceeded $450 million, allowing for dividends and share repurchases [31]. - The company has a comfortable net leverage ratio of 2.6 times, providing balance sheet flexibility [31]. Q&A Session Summary Question: Industry inventory backdrop and competitive pricing considerations - Management noted that while the company is in a better inventory position, other OEMs have higher non-current inventory, which may affect market share in the first half of fiscal '26 [46][47]. Question: Expectations for production and CapEx trends - Management expects solid free cash flow generation and a slight increase in CapEx due to foreign exchange impacts [50]. Question: Network inventory situation and future expectations - Management confirmed that while ORV inventory is in good shape, Snowmobile inventory remains high, and they are cautious about production levels [56][57]. Question: Impact of tariffs on guidance and demand - Management indicated that the $40 million tariff impact is an estimate and that consumer demand has softened, affecting potential guidance [60][61]. Question: Non-current inventory challenges and market share - Management expects to face market share challenges in the first half of the year due to competitors' excess inventory [66]. Question: Cost savings impact on income statement - Management stated that cost savings would not automatically translate to price reductions, as they aim to protect profitability [68]. Question: Retail demand outlook in North America - Management observed that high-end products are performing well, while entry-level products are struggling due to inflation and high interest rates [74][76]. Question: Inventory management strategies moving forward - Management emphasized the importance of working closely with dealers to manage inventory levels effectively, especially in light of high interest rates [134].

FOURTH QUARTER ENDED JANUARY 31, 2025 QUARTERLY REVIEW Forward-Looking Statements Caution concerning forward-looking statements Certain statements included in this presentation, including, but not limited to Company's initial plan for normalized EPS for Fiscal 2026, its estimated financial impact of tariffs that are in effect to date, and its decision to defer providing guidance for Fiscal 2026 until the situation around potential tarriffs and changes to trade regulations further develops, , its current and ...