Brunswick Corporation · NYSE:BC

Brunswick — Q3 2026 Earnings Presentation

34 slides from Brunswick's earnings presentation, Oct 29, 2026

  1. Slide 1: Q3 2026 Earnings Conference Call

    Q3 2026 Earnings Conference Call OCTOBER 29, 2026 ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED.

  2. Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, plans, outlook, and future

  3. Slide 3: Business Overview

    BRUNSW ICK CORPORATION – EARNINGS RELEASE 01 Business Overview — David Foulkes, CEO ©2026 ©2026BRUNSW BRUNSWICK ICKCO. CO.CONFIDENTIAL CONFIDENTIALAND ANDALL ALLRIGHTS RIGHTSRESERVED. ESERVED. 3

  4. Slide 4: Q3 2026 highlights: $1.5B net sales, $1.58 adjusted EPS

    BRUNSW ICK CORPORATION – EARNINGS RELEASE ✓ Sales increased for all segments vs. prior year for the fifth consecutive quarter $1.5B $1.58 ✓ Adjusted operating margins expanded 230 bps, with all Net Sales Adjusted1 EPS segments up 140 bps or (+7% vs. Q3 2025) (+63% vs. Q3 2025) more Q3 2026 ✓ Continu

  5. Slide 5: External, Customer, and Consumer Conditions

    BRUNSW ICK CORPORATION – EARNINGS RELEASE External, Customer, and Consumer Conditions External Landscape Tariffs Dealer & Customer OEM Environment Sentiment ✓ Persistent geopolitical instability ✓ Focused mitigation actions continue ✓ Majority of boat dealers have more ✓ OEMs managing pipeline, matc

  6. Slide 6: Q3 2026 – All Segments Grew YoY Sales and Operating Margin (Propulsion, Engine P&A)

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Q3 2026 – All Segments Grew YoY Sales and Operating Margin1 Propulsion Engine P&A ✓ Sustained R12 46% U.S. outboard retail share with strong wholesale share ✓ Sustained boater participation and resilient demand drove highest Q3 sales gains continuing; U.S. o

  7. Slide 7: Q3 2026 – All Segments Grew YoY Sales and Operating Margin (Navico, Boat)

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Q3 2026 – All Segments Grew YoY Sales and Operating Margin1 Navico Group Boat2 ✓ Net sales increased 6% with contributions from all businesses: Electronics, ✓ Sales up 9% and operating margin up 160 bps driven by mix and pricing Power Systems, and Performanc

  8. Slide 8: 2026 Adjusted EPS Bridge

    BRUNSW ICK CORPORATION – EARNINGS RELEASE 2026 Adjusted EPS Bridge1 $4.65 EPS guidance, up 42% from 2025 Raising Adjusted EPS guidance: ✓ ~13% increase in FY EPS guidance $4.65 since initial Jan’26 outlook $4.55 $4.25 ✓ Growth in revenue and earnings across $4.10 all segments ✓ Continued strength in

  9. Slide 9: Financial Overview

    BRUNSW ICK CORPORATION – EARNINGS RELEASE 02 Financial Overview – Ryan Gwillim, CFO ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 9

  10. Slide 10: Overview of Third Quarter 2026 Adjusted Results

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Overview of Third Net Sales ($M) Operating Earnings1 ($M) Quarter 2026 Operating Margin1 % $1,454 Adjusted Results $147 13.0 0% $1,360 150 12.0 0% +7% 140 11.0 0% 130 $106 120 10.0 0% 110 10.1% ✓ 5th consecutive quarter of sales 9.00 % 100 8.00 % growth acro

  11. Slide 11: Overview of 2026 Year-to-Date Adjusted Results

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Overview of 2026 Net Sales ($M) Operating Earnings1 ($M) Year-to-Date Adjusted Operating Margin1 % $4,390 $379 Results 12.0 0% $4,029 11.0 0% $305 350 +9% 300 10.0 0% 9.00 % 8.6% 8.00 % 250 ✓ Sales, adjusted operating margin1, 7.00 % 200 7.6% 6.00 % and earn

  12. Slide 12: Propulsion Segment – Q3'26 Performance

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Propulsion Segment – Q3’26 Performance1 Margin expansion fueled by leverage on increased sales and positive tariff comparisons offsetting strategic spending and inflationary pressures Q3’26 Net Sales Adjusted Operating Margin of % Change vs. Q3’25 $570.5 7%

  13. Slide 13: Engine P&A Segment – Q3'26 Performance

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Engine P&A Segment – Q3’26 Performance1 Robust boating participation and continued distribution share gains drive highest Q3 sales since 2020 Q3’26 Net Sales Adjusted Operating Margin of % Change vs. Q3’25 $380.9 5% 24.6% Up 190 bps vs. Q3’25 (GAAP Operating

  14. Slide 14: Navico Group Segment – Q3'26 Performance

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Navico Group Segment – Q3’26 Performance1 Sales growth and operating margin expansion continue, consistent with strategic plan Q3’26 Net Sales Adjusted Operating Margin of % Change vs. Q3’25 $197.7 6% 6.1% Up 140 bps vs. Q3’25 (GAAP Operating Margin of -0.8%

  15. Slide 15: Boat Segment – Q3'26 Performance

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Boat Segment – Q3’26 Performance1 Sales and earnings growth driven by improved mix, operational efficiencies, and Freedom Boat Club stability Q3’26 Net Sales Adjusted Operating Margin of % Change vs. Q3’25 $394.4 9% 3.6% Up 160 bps vs. Q3’25 (GAAP Operating

  16. Slide 16: 2026 Guidance

    BRUNSW ICK CORPORATION – EARNINGS RELEASE 2026 Guidance1 $4.65 EPS guidance, up 42% from 2025 $5.7B to $5.8B ~8.0% Revenue Operating Margin ~$4.65 $400M+ EPS Free Cash Flow Previously: $4.35 to $4.75 $160M+ $80M+ Debt Retirement Share Repurchases Previously: $50M+ 1EACH ON AN “AS ADJUSTED” BASIS WHE

  17. Slide 17: Wrap-Up

    BRUNSW ICK CORPORATION – EARNINGS RELEASE 03 Wrap-Up David Foulkes, CEO ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 17

  18. Slide 18: Next Never Rests: Multiple New Leading-Edge Products

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Next Never Rests: Multiple New Leading-Edge Products C38 Tyee Summit Twins Platinum 220 DockHook Rev X 16-Inch ECS900 AI Agent & Apps Right-Hand Propeller ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 18

  19. Slide 19: Surpassed 100 Enterprise Awards for Fifth Consecutive Year

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Surpassed 100 Enterprise Awards for Fifth Consecutive Year ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 19

  20. Slide 20: Aine Denari Appointed Chief Executive Officer and Board Director

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Aine Denari Appointed Chief Executive Officer and Board Director, Effective January 1, 2027 Leadership continuity, with a proven record of disciplined execution, innovation, and value creation Proven Brunswick Operator As President of Navico Group and of Bru

  21. Slide 21: Thank You – Questions & Answers

    Thank You Questions & Answers ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 21

  22. Slide 22: Appendix

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Appendix ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 22

  23. Slide 23: 2026 Outlook – Segment Guide

    BRUNSW ICK CORPORATION – EARNINGS RELEASE 2026 Outlook – Segment Guide1 Propulsion Engine P&A Navico Group Boat Revenue Growth Guide2 High Mid Mid Mid to High Single-Digit Percent Single-Digit Percent Single-Digit Percent Single-Digit Percent Previously: HSD Operating Margin Guide Up 100+ ~20% Up 20

  24. Slide 24: 2026 Outlook – Capital Strategy and Other Assumptions

    BRUNSWICK CORPORATION – EARNINGS RELEASE 2026 Outlook – Capital Strategy and Other Assumptions1 Average Diluted Effective Tax Rate Net Working Capital Shares Outstanding Net Interest Expense As Adjusted Generation ~65.5M ~$90M ~20% ~$50M Previously: ~$95M Previously: ~22% Positive Currency Net Incre

  25. Slide 25: Net Sales – Q3 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – Q3 2026 Net Sales increased by $93.7 million, or 7% Segments Q3 2026 Q3 2025 % Change Propulsion $570.5 $535.4 7% NET Engine Parts & Accessories 380.9 363.7 5% Navico Group 197.7 186.9 6% SALES Boat 394.4 360.2 9% (in millions) Segment Eliminatio

  26. Slide 26: GAAP to Non-GAAP Reconciliations – Q3 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q3 2026 Operating Earnings (in millions) Q3 2026 Q3 2025 GAAP $104.0 ($242.2) Restructuring, exit and impairment charges 21.1 333.8 Purchase accounting amortization 14.8 14.8 Loss on sale of business/assets 7.4 — Acquisitio

  27. Slide 27: GAAP to Non-GAAP Reconciliations – Q3 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q3 2026 Adjusted Net Earnings from Continuing Operations and Adjusted Diluted Earnings per Share (in millions, except per share data) Q3 2026 Q3 2025 GAAP net earnings (loss) from continuing operations $65.6 ($234.3) Income

  28. Slide 28: GAAP to Non-GAAP Reconciliations – Q3 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q3 2026 Operating Earnings By Segment Q3 2026 (in millions) Propulsion Engine P&A Navico Group Boat Net sales $570.5 $380.9 $197.7 $394.4 GAAP operating earnings (loss) 51.0 93.8 (1.5) 2.4 Restructuring, exit and impairment

  29. Slide 29: Net Sales – YTD 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – YTD 2026 Net Sales increased by $360.8 million, or 9% Segments YTD 2026 YTD 2025 % Change Propulsion $1,785.8 $1,620.6 10% NET Engine Parts & Accessories 1,038.6 956.8 9% Navico Group 637.0 597.4 7% SALES Boat 1,213.5 1,137.9 7% (in millions) Seg

  30. Slide 30: GAAP to Non-GAAP Reconciliations – YTD 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – YTD 2026 Operating Earnings (in millions) YTD 2026 YTD 2025 GAAP $283.7 ($82.6) Purchase accounting amortization 43.7 44.1 Restructuring, exit and impairment charges 32.9 342.9 Supplier bankruptcy expense 10.4 — Loss on sal

  31. Slide 31: GAAP to Non-GAAP Reconciliations – YTD 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – YTD 2026 Adjusted Net Earnings from Continuing Operations and Adjusted Diluted Earnings per Share (in millions, except per share data) YTD 2026 YTD 2025 GAAP net earnings (loss) from continuing operations $194.8 ($154.5) In

  32. Slide 32: GAAP to Non-GAAP Reconciliations – YTD 2026

    BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – YTD 2026 Operating Earnings By Segment YTD 2026 (in millions) Propulsion Engine P&A Navico Group Boat Net sales $1,785.8 $1,038.6 $637.0 $1,213.5 GAAP operating earnings 156.6 225.0 16.8 24.2 Restructuring, exit and impairm

  33. Slide 33: Tax Rate

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Tax Rate Q3 2026 Q3 2025 Q3 Effective Tax Rate - GAAP Effective Tax Rate - As Adjusted 1 20.9% 18.1% 12.0% 21.6% YTD 2026 YTD 2025 YTD Effective Tax Rate - GAAP 1 9.9% 5.2% Effective Tax Rate - As Adjusted 19.4% 21.7% (1) Adjusted income tax expense represen

  34. Slide 34: Free Cash Flow

    BRUNSW ICK CORPORATION – EARNINGS RELEASE Free Cash Flow (in millions) Q3 2026 Q3 2025 Net cash provided by operating activities of continuing operations $187.3 $142.0 Net cash (used for) provided by: Q3 Capital expenditures (50.3) (33.9) Proceeds from sale of property, plant, equipment 4.6 2.0 Effe

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