BRP : Investor Presentation Q4 FY22

QUARTERLY REVIEW

FOURTH QUARTER ENDED JANUARY 31, 2022

Forward-Looking Statements

Caution concerning forward-looking statements

Certain statements included in this presentation, including, but not limited to, relating to our Fiscal Year 2023 financial guidance (including revenues, Normalized EBITDA, Effective Tax Rate, Normalized earnings per share, net income, depreciation expense, net financing costs adjusted, weighted average of the number of shares diluted and capital expenditures), additional production capacity through new production facilities or the reorganisation of existing facilities, the management of the supply chain to limit possible future disruption on the operations, future retail purchase of our products, the Company's ability to convert new entrants into life-long customers, its intention to launch a new product line, as well other statements about our current and future plans, expectations, anticipations, intentions, results, levels of activity, performance, objectives, targets, goals, achievements, priorities and strategies, financial position, market positions, capabilities, competitive strengths, research and product development activities, including projected design, characteristics, capacity or performance of future products and their expected scheduled entry to market or any other future events or developments and other statements that are not historical facts constitute forward-looking statements within the meaning of applicable securities laws.

The words "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements.

Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of our current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of our business and anticipated operating environment. Investors and others are cautioned that such information may not be appropriate for other purposes. Investors and others should not place undue reliance on forward- looking statements made in this presentation. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on a number of assumptions, both general and specific, as further described below.

Many factors could cause the Company's actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in section "Risk Factors" of the Company's management's discussion and analysis (MD&A) for the fiscal year ended January 31, 2022 and in the Company's other continuous disclosure filings (available on SEDAR atwww.sedar.comand on EDGAR atwww.sec.gov).

The forward-looking statements contained in this presentation are made as of the date of this presentation and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities regulations. In the event that the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters or any other forward-looking statement..

Key assumptions

The Company made a number of economic, market and operational assumptions in preparing and making certain forward-looking statements contained in this presentation, including the following: reasonable industry growth ranging from slightly down to up high-single digits; market share that will remain constant or moderately increase; stable global and North American economic conditions and a limited impact from the military hostilities in Ukraine and the ongoing global health crisis; main currencies in which the Company operates will remain at near current levels; inflation is expected to remain elevated from strong demand, supply shortages and high energy prices, and is expected to gradually decline as central banks gradually increase interest rates; there will be no significant changes in tax laws or free trade arrangements or treaties applicable to the Company; the Company's current margins, will remain at current or improved levels; the supply base will remain able to support product development and planned production rates on commercially acceptable terms in a timely manner; no new trade barriers will be imposed amongst jurisdictions in which the Company carries operations; the absence of unusually adverse weather conditions, especially in peak seasons. BRP cautions that its assumptions may not materialize and that current economic conditions may render such assumptions, although believed reasonable at the time they were made, subject to greater uncertainty.

All amounts in this presentation are expressed in Canadian dollars, unless otherwise indicated.

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JOSÉ BOISJOLI

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FY22 Highlights

DELIVERED RECORD FINANCIAL RESULTS

Strongest revenues and profitability performance in BRP's history

CONTINUED GAINING MARKET SHARES IN THE POWERSPORTS INDUSTRY

Gained almost 3pp of market shares in the North American Powersports industry in FY22

SOLID EXECUTION AS WE MANAGED THROUGH SUPPLY CHAIN PRESSURES

Demonstrated our manufacturing agility allowing us to better serve our dealers and customers

DELIVERED CAPACITY EXPANSION PROJECTS ON TIME AND ON BUDGET

New Juarez 3 facility: Added ~50% of SSV capacity | Querétaro expansion: Added ~30% of PWC capacity

STRENGTHENED OUR INDUSTRY LEADING PRODUCT PORTFOLIO

Introduced several new market-shaping products and expanded our addressable market with the introduction of the Sea-Doo Switch

[1]For a reconciliation of net income to Normalized Net Income, Normalized EBITDA and Normalized Earnings per Share - Diluted, see the reconciliation table in appendix

Paving the way for strong growth in FY23 with Normalized EPS - Diluted[1] increase of 8% to 12% over a record FY22

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FY22 Financial Highlights

CA$ millions

CA$

FY21

FY21

FY22

FY21

FY22

Highlights vs. Last Year

• ◼ Revenues increased 28% primarily driven by higher wholesale across all product lines and favourable pricing

• ◼ Normalized EBITDA[1] was up 46% to $1,462M and normalized diluted earnings per share[1] was up 84% to $9.92

• ◼ Net income up 119% to $795M and diluted earnings per share up 127% to $9.31

• ◼ Product availability limited North American BRP Powersports retail sales which were down 6% vs. a record for BRP last year, outpacing the industry that was down mid-teen %

[1]For a reconciliation of net income to Normalized Net Income, Normalized EBITDA and Normalized Earnings per Share - Diluted, see the reconciliation table in appendix

Delivered record financial results in FY22 with Normalized Diluted EPS[1] growth of 84%

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