BRP : Présentation financière (en anglais seulement)

QUARTERLY REVIEW

SECOND QUARTER ENDED JULY 31, 2021

Forward-Looking Statements

Caution concerning forward-looking statements

Certain statements included in this presentation, including, but not limited to, relating to our Fiscal Year 2022 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, 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, 2021 and in the Company's other continuous disclosure filings (available on SEDAR at www.sedar.com and on EDGAR at www.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; no further deterioration and a relatively rapid stabilization of global and North American economic conditions, including with respect to the ongoing health crisis; any increase in interest rates will be modest; currencies will remain at near current levels; inflation will remain in line with central bank expectations in countries where the Company is doing business; the Company's margins, excluding the impact of the wind-down of Evinrude outboard engines, COVID-19 and supply chain constraints, will remain near current levels; the Company anticipates supply chain constraints but expects to be able to support product development and planned production rates on commercially acceptable terms; there will be no significant changes in tax laws or free trade arrangements or treaties applicable to the Company; no 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, including all of the current uncertainty resulting from the ongoing COVID-19 health crisis and its broader repercussions on the global economy, 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.

QUARTERLY REVIEW	2
Second Quarter Ended July 31, 2021

JOSÉ BOISJOLI

PRESIDENT AND CHIEF EXECUTIVE OFFICER

QUARTERLY REVIEW

SECOND QUARTER ENDED JULY 31, 2021

FY22 Q2 Highlights

	Revenues			Diluted Earnings per Share		Normalized Diluted Earnings per Share[1]
CA$ millions			CA$			CA$
	+54%			+72%		+154%

			$1 904
								$2,46
						$1,43
	$1 233
	FY21 Q2		FY22 Q2				FY21 Q2		FY22 Q2

	$2,89
$1,14
FY21 Q2	FY22 Q2

Highlights vs. Last Year

• Revenues increased 54% primarily driven by a higher volume of product sold and lower sales programs
• Gross profit margin of 29.9%
• Normalized EBITDA[1] was up 94% to $415M and normalized diluted earnings per share[1] was up 154% to $2.89
• Net income up 69% to $213M and diluted earnings per share up 72% to $2.46
• North American BRP Powersports retail sales were down 19% vs a record quarter in FY21 Q2 where retail was up 40%, and up 14% when compared to two years ago, in FY20 Q2

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

Raising our Normalized Diluted EPS[1] guidance range from "$7.75 to $8.50" to "$8.25 to $9.75",

representing a growth of 53% to 81% from FY21

QUARTERLY REVIEW	4
Second Quarter Ended July 31, 2021

Retail Growth Limited by Product Availability

North American Powersports Retail and Network Inventory

	FY20		FY21			FY22 H1
Annual Retail		Average Days		Annual Retail		Average Days			Retail		Average Days
Growth		of Inventory		Growth		of Inventory			Growth		of Inventory
+15%		~170 days	+25%		~80 days		Q1	+39%		~40 days
				Two months production				Q2	-19%		~26 days
				suspension

Quarter-end

Network Inventory

Quarter
Retail
Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2

FY22 Q2 North American Powersports Retail Growth

VS. FY21 Q2	VS. FY20 Q2
Units	Units
INDUSTRY	INDUSTRY

+14%

LOW-SINGLE

DIGIT %

-19%

MID-

THIRTY %

	The low level of network inventory coupled with global supply chain		Still, we continued experiencing strong demand for our
	issues have limited our ability to grow retail in FY22 Q2, especially		products as we outpaced the industry and delivered retail
	when compared to a record quarter for retail in FY21 Q2		that was up 14% vs. two years ago

QUARTERLY REVIEW	5
Second Quarter Ended July 31, 2021