BRP Inc. (NASDAQ:DOOO) Q2 2023 Earnings Conference Call September 14, 2022 9:00 AM ET

Company Participants

José Boisjoli - President, Chief Executive Officer

Sébastien Martel - Chief Financial Officer

Philippe Deschênes - Investor Relations

Conference Call Participants

Robin Farley - UBS

Xian Siew - BNP Paribas

Benoit Poirier - Desjardins Capital

Joe Altobello - Raymond James

Mark Petrie - CIBC World Markets

Gerrick Johnson - BMO Capital Markets

Martin Landry - Stifel GMP

Craig Kennison - Baird

Cameron Doerksen - National Bank Financial

Jaime Katz - Morningstar

Brian Morrison - TD Securities

Fred Wightman - Wolfe Research

Operator

Good morning ladies and gentlemen. Welcome to the BRP Inc. FY23 second quarter results conference call. For participants who use the telephone line, it is recommended to turn off the sound on your device.

I would now like to turn the meeting over to Mr. Philippe Deschênes. Please go ahead, Mr. Deschênes.

Philippe Deschênes

Thank you Julie. Good morning and welcome to BRP’s conference call for the second quarter of fiscal year 2023. Joining me this morning are José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer.

Before we move to the prepared remarks, I would like to remind everyone that certain forward-looking statements will be made during the call and that future results could differ from those implied in these statements. The forward-looking information is based on certain assumptions and is subject to risks and uncertainties, and I invite you consult BRP’s MD&A for a complete list of these.

Also during the call, reference will be made to supporting slides, and you can find the presentation on our website at brp.com under the Investor Relations section.

With that, I’ll turn the call over to José.

José Boisjoli

Thank you Philippe. Good morning everyone and thank you for joining us.

BRP once again demonstrated its ability to succeed in the unique operating environment. We concluded the first half of the year on a very strong note by delivering our strongest quarterly revenues and normalized EBITDA ever. Our team’s resiliency was further tested following the end of the quarter as we were the target of a cyberattack forcing us to temporarily suspend operations. Our quick reaction and relentless effort allowed us to contain the situation and limit its impact. A very special thanks to our team of ISIT experts who did a remarkable job from the very beginning and who have worked diligently to restore operations and systems.