Q2 2025 Results and HDFS Transaction Announcement Wednesday, July 30, 2025 Q2 2025 PERFORMANCE HEADLINES 3 ▪ Delivered diluted EPS of $0.88 ▪ HDMC operating income margin of 5.9% ▪ HDMC revenue down 23% year-over-year ▪ Global motorcycle shipments decreased 28%, due primarily to planned dealer inventory reduction ▪ Global motorcycle retail sales down 15% year-over-year ▪ Global dealer inventories down 28%, compared to Q2 '24, as we continued to prioritize reducing global dealer inventory ▪ The cost of new o ...