Company Overview of BRP Inc.
BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain vehicles, side-by-side vehicles, and roadsters under the Can-Am brand name; roadsters under the Spyder brand; snowmobiles under the Ski-Doo and Lynx brands; personal watercrafts under the Sea-Doo brand name; and propulsion systems comprising outboard marine engines under the Evinrude brand name, as well as engines for jet boats, karts, motorcycles, and recreational aircraft under the Rotax brand name. It also provides parts, accessories, and complementary clothing, as well as other services. The company sells...
726 Saint-Joseph Street
Valcourt, QC J0E 2L0
Founded in 1937
Key Executives for BRP Inc.
Chief Executive Officer, President, Director and Member of Investment & Risk Committee
Total Annual Compensation: C$981.3K
Chief Financial Officer
Total Annual Compensation: C$400.0K
Senior Vice-President of Design, Innovation and Corporate Image
Total Annual Compensation: C$313.3K
Senior Vice President of Global Brand, Communications and Parts, Accessories & Clothing
Total Annual Compensation: C$341.7K
Vice President and General Manager of Marine Propulsion Systems Division
Total Annual Compensation: C$585.9K
Compensation as of Fiscal Year 2016.
BRP Inc. Key Developments
BRP Inc. Unveils Can-Am Maverick X3 Model, the Sea-Doo Spark TRIXX PWC and the Can-Am Spyder F3 Limited
Aug 17 16
BRP unveiled many new products last night to a group of dealers from more than 60 countries. Three notable innovations were the Can-Am Maverick X3 model, an all new side-by-side vehicle specifically designed for extreme powersports, the Sea-Doo Spark TRIXX PWC, a new way to have fun on the water, and the Can-Am Spyder F3 Limited, the ideal on-road vehicle for weekend getaways. The boldness of the Can-Am Maverick X3 side-by-side vehicle, designed for adrenaline junkies, attracted lots of attention. By combining agility, performance and design to create a unique vehicle, BRP has clearly set itself the goal of offering a real leader in this segment. The Sea-Doo Spark TRIXX PWC promises to revolutionize the world of personal watercraft by presenting a new generation of buyers with a vehicle that will allow them to easily pull off the kind of moves once reserved for professionals. This model combines the lightness and agility of the Spark model all while offering a brand new experience on the water. The Can-Am on-road brand introduced the new Can-Am Spyder F3 Limited. Like the rest of the Can-Am Spyder F3 series, this all new model offers several riding positions, a muscular design and additional storage space. With this vehicle, BRP meets the needs of its consumers and offers new enthusiasts and seasoned riders alike an ideal vehicle for weekend getaways among friends and long escapades with spouses.
Bombardier Recreational Products Inc. Refinances its Existing Credit Facilities
Jun 30 16
BRP Inc. announced that its subsidiary, Bombardier Recreational Products Inc., has successfully refinanced its existing credit facilities. The company refinanced its USD 792 million term loan B due in January 2019 with an amended and restated USD 700 million term loan B facility maturing in June 2023. It also refinanced its CAD 350 million revolving credit facility maturing in May 2018 with an amended and restated CAD 425 million revolving credit facility maturing in June 2021. Pricing on the new term loan B facility was set at LIBOR plus 3.00% with a LIBOR floor of 0.75%. The term loan B was offered to investors at an original issue discount of 99.00. Royal Bank of Canada and BMO Capital Markets acted as joint lead arrangers and Royal Bank of Canada, BMO Capital Markets, Citigroup Capital Markets and TD Securities acted as joint bookrunners for the syndication of the term loan B facility. BMO Capital Markets and Royal Bank of Canada acted as joint lead arrangers and joint bookrunners for the syndication of the revolving credit facility. Royal Bank of Canada and National Bank of Canada acted as co-syndication agents.
BRP Announces the Release of its Virtual Dashboard
Jun 27 16
BRP Inc. announced the release of its virtual dashboard that provides the display and direct control of important engine features from a mobile device "the Evinrude E-Link. An innovative alternative to traditional marine instrumentation, E-Link shares critical E-TEC G2 engine data over a NMEA 2000 network via WiFi to any iOS or Android device, from anywhere on a boat. Evinrude E-Link mirrors the data shown on Evinrude's ICON Touch displays, giving users fingertip access to vital engine and vessel information, including: Engine RPM, fuel flow, trim position and oil level, as well as fuel levels, battery voltage and water depth. Two Trip Logs to assist boaters with fuel management by calculating distance traveled, fuel consumed and average and maximum speed. An Eco page that allows boaters to achieve the best possible efficiency in different operating conditions by monitoring estimated range and average fuel use. A Concierge page that includes links to the Evinrude "Find a Dealer" webpage as well as a, "Send Engine Data" option to forward engine data directly to a dealer or service team via email. In addition to displaying data, Evinrude E-Link gives users remote control of Evinrude's i-Trim intelligent trim system and Dynamic Power Steering feature. The device also is capable of initiating Evinrude E-TEC G2 "one touch" auto-winterization. Easy to install, it is fully customizable and can be set to five different languages " English, French, Spanish, German and Italian " and display data in metric, imperial, U.S. standard and nautical units of measure.
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