Polaris Industries Investor Presentation — April 2024

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Earnings Presentation

April 23, 2024Q1’24 Earnings 4/23/24 2Safe Harbor & Non -GAAP Measures

Except for historical information contained herein, the matters set forth in this [presentation] are forward -looking statements that involve certain risks and uncertainties that could cause

actual results to differ materially from those forward -looking statements . Potential risks and uncertainties include such factors as the Company’s ability to successfully implement its

manufacturing operations strategy and supply chain initiatives; the Company’s ability to successfully source necessary parts and materials on a timely basis; the ability of the Company to

manufacture and deliver products to dealers to meet demand, including as a result of supply chain disruptions ; the Company’s ability to identify and meet optimal dealer inventory levels ;

the Company’s ability to accurately forecast and sustain consumer demand ; the Company’s ability to mitigate increasing input costs through pricing or other measures ; product offerings,

promotional activities and pricing strategies by competitors that may make our products less attractive to consumers ; the Company’s ability to strategically invest in innovation and new

products, including as compared to our competitors ; economic conditions that impact consumer spending or consumer credit, including recessionary conditions and changes in interest

rates; disruptions in manufacturing facilities; product recalls and/or warranty expenses ; product rework costs; impact of changes in Polaris stock price on incentive compensation plan

costs; foreign currency exchange rate fluctuations ; environmental and product safety regulatory activity ; effects of weather on the Company’s supply chain, manufacturing operations and

consumer demand ; commodity costs; freight and tariff costs (tariff relief or ability to mitigate tariffs); changes to international trade policies and agreements ; uninsured product liability and

class action claims (including claims seeking punitive damages) and other litigation expenses incurred due to the nature of the Company’s business ; uncertainty in the consumer retail and

wholesale credit markets ; performance of affiliate partners ; changes in tax policy ; relationships with dealers and suppliers; and the general global economic, social and political

environment . Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission . The

Company does not undertake any duty to any person to provide updates to its forward -looking statements except as otherwise may be required by law.