other things, changing external events, evolving standards and general uncertainties inherent to the business and long-term strategic planning. Forward-looking statements are subject to numerous factors, many of which are beyond BRP's control, including the risk factors disclosed previously and from time to time in BRP's filings with the securities regulatory authorities in each of the provinces and territories of Canada and the United States, available on SEDAR+ at sedarplus.com or EDGAR at sec.gov, respec ...

Core Insights - BRP Inc. has launched BRP Experiences, a new online platform aimed at enhancing outdoor adventure opportunities through curated powersports experiences [1] - The platform builds on the success of the Uncharted Society program, which engaged over 2 million participants since its inception [1] - BRP Experiences focuses on emotional journeys rather than just physical distance, offering a variety of guided adventures powered by BRP's brands [1] Company Overview - BRP Inc. is a global leader in powersports products, with a portfolio that includes Ski-Doo, Lynx, Sea-Doo, and Can-Am [2] - The company reported annual sales of CA$7.8 billion and operates in over 130 countries, employing approximately 16,500 people as of January 31, 2025 [2] - BRP is committed to responsible growth and is developing electric models for its existing product lines [2] BRP Experiences Details - The platform offers guided adventures and rentals for riders of all skill levels, from beginners to seasoned explorers [1] - BRP Experiences has established a presence in 14 countries and features a global network of over 225 destinations operated by certified local operators [1] - Since 2021, more than 2 million rides have been completed through the platform, showcasing its popularity and reach [1]

Core Insights - Honda Powersports & Products has formed a partnership with 6666 Ranch, marking a significant collaboration between two iconic entities known for their commitment to hard work and durability [1][5][6] Partnership Details - The three-year partnership will see Honda providing powersports and power-equipment products to support daily operations at 6666 Ranch, including transportation, fence inspection, and cattle and horse operations [2] - Honda branding will be prominently displayed throughout the ranch, and the partnership will include collaborative events such as the Return to the Remuda Horse Sale and The Run for a Million [2] 6666 Ranch Overview - Established in 1870, 6666 Ranch is one of the most storied ranches in Texas, recognized for its quality beef production, land management, and breeding of American Quarter Horses [3][13] - The ranch spans 260,000 acres and manages thousands of cattle, employing skilled cowboys and sustainable livestock-management practices [4] Honda's Commitment - Honda emphasizes the reliability and durability of its products, aligning with the values of hard work and civic responsibility shared with 6666 Ranch [5][6] - Honda has a long history in the powersports industry, having started motorcycle sales in America in 1959 and offering a full range of products, including ATVs and side-by-sides [7] Additional Information - Honda Power Equipment offers a wide range of outdoor power-equipment products, including generators, lawn mowers, and marine outboard motors [9] - The partnership reflects a mutual respect for tradition and a commitment to excellence in both ranching and powersports [5][6]

Q4 2025 Earnings Presentation February 5, 2026 Forward-Looking Statements This presentation contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "estimates," "guidance," "expects," "anticipates," "intends," "plans," "believes," "seeks" and similar expressions. Forward-looking statements include information with respect to financial condition, results of operat ...

Core Viewpoint - Polaris Inc. has successfully completed the separation of Indian Motorcycle into a standalone business and sold a majority stake to Carolwood LP, enhancing its strategic focus on core growth areas and creating immediate value for shareholders [1]. Group 1: Transaction Details - The separation of Indian Motorcycle allows Polaris to sharpen its strategic and operational focus on its primary growth businesses [1]. - Carolwood LP, an independent private equity firm founded in 2014 and based in Los Angeles, has acquired the majority stake in Indian Motorcycle [1]. - The transaction was advised by Goldman Sachs & Co. LLC as the financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as the legal advisor [1]. Group 2: Company Overview - Polaris Inc. is recognized as a global leader in powersports, having been in operation since 1954 [1]. - The company offers a wide range of products including off-road vehicles, snowmobiles, boats, military vehicles, and commercial transportation vehicles, along with parts, garments, and accessories [1]. - Polaris serves customers in nearly 100 countries and is known for its iconic brands such as RANGER, RZR, and Slingshot [1].

Core Insights - The article emphasizes the importance of tracking performance in managing a concentrated stock portfolio, suggesting that understanding the portfolio's composition is crucial for effective management [3][4] - The author shares the performance of their family's retirement savings, which yielded a total return of 16.71% in 2025, slightly below the S&P 500's return of 17.88% and significantly below the S&P/TSX Composite Index's return of 31.68% [5] - The article discusses the long-term performance of the S&P/TSX Composite Index, which has underperformed the S&P 500 over the last two decades, with compound total returns of 10.95% versus 14.81% [6] Portfolio Management - The portfolio has been consistently allocated 100% to common stocks for the past 24 years, with minimal turnover [8] - The asset mix has shifted to include roughly 10% more Canadian stocks compared to U.S. stocks, reversing a previous trend where U.S. stocks made up 66% of the portfolio [13] Performance Metrics - The total compounded return on the family's retirement savings since January 1, 1973, is 13.35%, outperforming the S&P 500's 10.93% over the same period [5] - The average CPI inflation rate in the U.S. over this period was 3.88% [5] Sector Performance - The S&P/TSX Composite Index's strong performance in 2025 was largely attributed to the heavy weighting of gold and precious metals stocks, which contributed approximately 30% to the index's return [5] - The financial sector, which constitutes around 33% of the index, rose by approximately 40% in 2025 [5] Investment Philosophy - The author advocates for a value investing approach, emphasizing that investing should always seek value sufficient to justify the amount paid [12] - The portfolio consists of stocks purchased for long-term growth, with a focus on buying at prices well below intrinsic value, following the principles of Ben Graham and Warren Buffett [12] Company Holdings - The portfolio includes significant U.S. holdings such as Amazon.com Inc (9.93% of total holdings) and Salesforce Inc (9.80%), both of which have been held for over five years [15][19] - Canadian holdings include CCL Industries Inc (4.98%) and Colliers International Group Inc (9.12%), with both companies demonstrating solid growth and strong management [25][26] Conclusion - The portfolio is managed according to the principles discussed in the article, with a focus on self-directed investment strategies and a behavioral edge over professional investors [35]

Core Viewpoint - BRP Inc. acknowledges the Australian Competition and Consumer Commission's (ACCC) decision to oppose the sale of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd, and is evaluating options moving forward [1][2]. Group 1: Company Operations - BRP remains the owner of Telwater and will continue to operate this profitable business, providing quality boats to Australian consumers through its brands [2]. - The decision by the ACCC will not impact BRP's financial guidance for Fiscal Year 2026, indicating stability in the company's financial outlook despite the regulatory setback [2]. Group 2: Company Background - BRP Inc. is a global leader in powersports products, with over 80 years of experience and a focus on consumer needs, offering a diverse portfolio including Ski-Doo, Sea-Doo, Can-Am, and Quintrex brands [4]. - The company reported annual sales of CA$7.8 billion and employs approximately 16,500 people as of January 31, 2025, highlighting its significant market presence [4].

Financial Performance - Revenues increased by 14% to CA$2,250 million in FY26 Q3 compared to CA$1,974 million in FY25 Q3[13] - Normalized diluted earnings per share increased by 33% to CA$1.59 in FY26 Q3 from CA$1.20 in FY25 Q3[13] - Free cash flow generation increased by 268% to CA$320 million[16] - The company raised full-year Normalized Diluted EPS guidance from "$4.25 to $4.75" to approximately "$5.00"[15] Retail Sales and Market Trends - North American Powersports retail sales declined by 4%[16] - North American network inventory decreased by 17%[16] - Year-Round Products revenues increased by 22%[33] - Seasonal Products revenues decreased by 2%[42] Market Share and Product Performance - Can-Am SSV gained over 4 percentage points of market share in the Utility segment[37] - Can-Am ATV gained over 11 percentage points of market share in current units[37] - Sea-Doo PWC ended the North American 2025 season as the 1 market leader[46]

Core Points - BRP Inc. will hold its third quarter FY26 financial results conference call on December 4, 2025, at 9 am (ET) [1] - The press release regarding the financial results will be distributed on December 4 at approximately 6 am (ET) [2] - Business media can join the call but will not be allowed to ask questions; an archived recording will be available for 30 days after the event [3] Company Overview - BRP Inc. is a global leader in powersports products, propulsion systems, and boats, with over 80 years of experience [4] - The company reported annual sales of CA$7.8 billion and operates in over 130 countries, employing approximately 16,500 people as of January 31, 2025 [4] - BRP's product portfolio includes brands such as Ski-Doo, Lynx, Sea-Doo, Can-Am, Quintrex, and Rotax, and the company is committed to developing electric models for its existing product lines [4]

Core Points - Polaris Inc. has donated over $135,000 to off-road vehicles (ORV), all-terrain vehicles (ATV), and snowmobile riding clubs and organizations in the U.S. and Canada as part of its TRAILS GRANTS program in 2025, bringing the total donations since the program's inception to nearly $4 million [1][5]. - The TRAILS GRANTS program, which has been active for nearly two decades, supports nonprofit organizations and local riding clubs in trail development, maintenance, and safety education initiatives [2][3]. - In 2025, Polaris awarded 13 organizations Spring TRAILS GRANTS, contributing to a total of more than $255,000 in donations for the year [3]. Summary by Categories Donations and Impact - Polaris has contributed nearly $4 million to over 440 ATV, off-road, and snowmobiling organizations since the start of the TRAILS GRANTS program in 2006 [5]. - The recent donation of over $135,000 is aimed at supporting safe and responsible riding, trail preservation, and environmental protection [1][5]. Program Details - The TRAILS GRANTS are awarded twice annually and are utilized for trail development, maintenance projects, and safety education initiatives [2][3]. - The program emphasizes the importance of local riding clubs and organizations, which play a crucial role in maintaining trails and promoting safe riding practices [3]. Specific Projects Funded - The funding supports various projects, including sustainable creek crossings, avalanche safety education, and trail maintenance [4][10]. - Notable recipients include organizations focused on youth safety training, environmental stewardship, and multi-use trail access [4][10].