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BRP TO ACQUIRE TELWATER, AUSTRALIAN LEADER IN ALUMINUM BOATS, REINFORCING MARINE PORTFOLIO
 

Valcourt, Quebec, Canada, May 1, 2019 – BRP  (TSX:DOO; NASDAQ:DOOO), announced today that it has entered into a definitive  agreement to acquire 80% of the outstanding shares of Telwater Pty, Ltd ("Telwater"),  Australia's leading manufacturer of aluminum boats and trailers. Following  the closing of the contemplated acquisition, Paul Phelan, Telwater's current owner  and Managing Director, will continue to play an important role in the  operations of the business and will hold 20% of the company's outstanding  shares.

 

"We are  excited to start this new chapter of our journey by joining forces with a  global leader like BRP. This acquisition means we can continue our growth here  and abroad, and leverage BRP's know-how and capacity to constantly innovate,"  explained Paul Phelan. "Our local knowledge and expertise will be put to good  use by BRP's Marine Group and we are looking forward to being part of the BRP  family."

"Telwater  was especially attractive to us because of our strong existing relationship  with them and the passionate people in Coomera, representing a great  opportunity to reinforce our presence in Australia," said José Boisjoli,  President and Chief Executive Officer of BRP. ‘'This is one more piece of the  puzzle in our strategy to transform the marine industry and a chance for us to  further our goal of becoming a leading global marine company by investing in the  current leader in this region," added Mr. Boisjoli.

Once the  intended acquisition is completed, Telwater will join the BRP Marine Group as  an independent product line, along with the Evinrude, Alumacraft and Manitou  brands. This will allow BRP to increase and strengthen its position in the  aluminum boat industry in regions with excellent growth potential. Having this  manufacturing footprint in Australia will give BRP additional options for supporting  other product lines in the future.

The  acquisition remains subject to certain customary closing conditions, including  regulatory approval, and is expected to be completed in the second quarter of  BRP's fiscal year 2020.

For additional information on Telwater, visit www.telwater.com

About  Telwater

Telwater  is well-known as the premier aluminum boat manufacturer in the region, with  manufacturing facilities in Coomera, Queensland, Australia, and selling  market-leading brands such as Quintrex, Stacer, Savage and Yellowfin Plate. The  Company manufactures over 8,000 boats and 5,500 trailers annually, employs over  270 people and has a network of around 180 dealers across Australia and Asia  South Pacific.

About BRP

We are a  global leader in the world of powersports vehicles, propulsion systems and  boats built on over 75 years of ingenuity and intensive consumer focus. Our  portfolio of industry-leading and distinctive products includes Ski-Doo and  Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles,  Alumacraft and Manitou boats, Evinrude and Rotax marine propulsion systems as  well as Rotax engines for karts, motorcycles and recreational aircraft. We  support our lines of product with a dedicated parts, accessories and clothing  business to fully enhance your riding experience. With annual sales of CA$5.2  billion from over 120 countries, our global workforce is made up of  approximately 12,500 driven, resourceful people.

www.brp.com
    @BRPNews

Ski-Doo,  Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, Alumacraft, Manitou and the BRP logo  are trademarks of Bombardier Recreational Products Inc. or its affiliates. All  other trademarks are the property of their respective owners.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements included in this release,  including, but not limited to, statements relating to the Marine Group of BRP,  completion of the acquisition of Telwater Pty Ltd. and other statements that are  not historical facts, may be "forward-looking statements" within the  meaning of Canadian securities laws. Forward-looking statements are typically  identified by the use of terminology such as "may", "will",  "would", "could", "expects", "plans",  "intends", "anticipates" or "believes" or the  negative or other variations of these words or other comparable words or  phrases. Forward-looking statements, by their nature, are based on assumptions,  and are subject to important risks and uncertainties. Forward-looking  statements cannot be relied upon due to, amongst other things, changing  external events and general uncertainties of the business. Actual results may  differ materially from results indicated in forward-looking statements due to a  number of factors, including those identified in BRP's annual information form  and management's discussion and analysis of financial condition and results of  operations. The forward-looking statements contained in this release represent  BRP's expectations as of the date of this release (or as of the date they are  otherwise stated to be made), and are subject to change after such date.  However, BRP disclaims any intention or obligation to update or revise any  forward-looking statements whether as a result of new information, future  events or otherwise, except as required under applicable securities  regulations.

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For media  enquiries:

North America
    Elaine Arsenault
    Senior Advisor, Media Relations
    Tel.: 514.732.7092
    medias@brp.com

Australia
    Kate  Racovolis
    Account  Director, Edelman Melbourne
    Tel.  : +61 (0) 475 422 660
    Kate.Racovolis@edelman.com

For  investor relations:

Philippe Deschênes
    Manager Treasury and Investor Relations
    Tel.: 514.732.7047
    philippe.deschenes@brp.com

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