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First Quarter 2022 Earnings Presentation April 26, 2022
Earnings Presentation
Q1'22 Earnings 4/26/22 2Safe Harbor & Non -GAAP Measures
Except forhistorical information contained herein, thematters setforth inthispresentation anddiscussed inthecorresponding earnings callare“forward -looking statements” intended to
qualify forthesafeharbor provisions ofthePrivate Securities Litigation Reform Actof1995.These forward -looking statements cangenerally beidentified assuch because thecontext of
thestatement willinclude words such asweorourmanagement “believes,” “should,” “anticipates,” “expects,” “estimates” orwords ofsimilar import .Similarly, statements thatdescribe
ourfuture plans ortrends, objectives orgoals, such asfuture sales, shipments, inventory levels, consumer demand, netincome, netincome pershare, future cash flows andcapital
requirements, operational initiatives, pricing actions, tariffs, currency fluctuations, interest rates, andcommodity costs, areforward -looking statements thatinvolve certain risks and
uncertainties thatcould cause actual results todiffer materially from those forward -looking statements .Potential risksanduncertainties include such factors astheseverity andduration of
theCOVID -19pandemic andtheresulting impact ontheCompany’s business, supply chain, andtheglobal economy ;theCompany’s ability tosuccessfully implement itsmanufacturing
operations expansion andsupply chain initiatives ;theCompany’s ability tosuccessfully source necessary parts andmaterials andtheability oftheCompany tomanufacture anddeliver
products todealers tomeet increasing demand andtobring dealer inventory levels back tooptimal levels ;thecontinuation oftheincreasing consumer demand fortheCompany’s
products ;product offerings, promotional activities andpricing strategies bycompetitors ;economic conditions thatimpact consumer spending ;disruptions inmanufacturing facilities ;
product recalls and/or warranty expenses ;product rework costs;impact ofchanges inPolaris stock price onincentive compensation plan costs;foreign currency exchange rate
fluctuations ;environmental andproduct safety regulatory activity ;effects ofweather ;commodity costs;freight andtariff costs (tariff relief orability tomitigate tariffs); changes to
international trade policies andagreements ;uninsured product liability claims ;uncertainty intheretail andwholesale credit markets ;performance ofaffiliate partners ;changes intax
policy ;relationships withdealers andsuppliers ;andthegeneral overall economic, social andpolitical environment .Investors arealsodirected toconsider other risks anduncertainties
discussed indocuments filedbytheCompany withtheSecurities andExchange Commission .TheCompany does notundertake anydutytoanyperson toprovide updates toitsforward -
looking statements .
Thedata source forretail sales figures included inthispresentation isregistration information provided byPolaris dealers inNorth America andEurope compiled bytheCompany or
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