This data is confidential to Brunswick

BRUNSWICK BOAT GROUP AINE DENARI, PRESIDENT—

Hello, my name is Aine Denari. I joined the company last October as president of Brunswick’s Boat Group.

I am delighted to have the opportunity to be with you here today, to share some of the great achievements and exciting plans on behalf of Boat Group.

1 This data is confidential to Brunswick

3 OF TOP 4 MOST RECOGNIZABLE BRANDS

Let’s start with Boat Group’s great foundation at this exciting time when boating is booming. We are the largest player in the recreational marine space, and have the most iconic portfolio in the industry, including 3 of the 4 most recognizable brands.

Let me share some of the foundational elements that Boat Group has delivered over the past 18 months, since Brunswick has evolved as a marine powerhouse.

2 This data is confidential to Brunswick

THIRTY-FIVE NEW PRODUCTS DEVELOPED IN 2020

First, we have delivered 35 exciting new products across our brands in 2020.

3 This data is confidential to Brunswick

ESTABLISHED WORLD-CLASS BOAT TECHNOLOGY CENTER

We established a series of world‐class tech centers staffed by the world’s most tenured naval engineers, including a flagship tech center in Florida, and additional locations in Minnesota and Indiana.

4 This data is confidential to Brunswick

NEW DIGITAL EXPERIENCES ACROSS ENTIRE CONSUMER JOURNEY

We dramatically increased our investment and built our capabilities in digital, and we delivered 20 new digital consumer experiences across the consumer journey.

5 This data is confidential to Brunswick

FIRST RECREATIONAL BOAT MANUFACTURER AT CES

We are engaging consumers in new ways, and are proud to say we were the first boat manufacturer at CES last year, showcasing our SLX‐R 400e –with Fathom ePower generator system, to rave reviews.

6 This data is confidential to Brunswick

RAPID CAPACITY EXPANSION WITH INTEGRATED MANUFACTURING CENTER AND PALM COAST

And, in 2020 as demand started exploding, we focused on quickly increasing our capacity, including leveraging existing assets to relaunch boat production, such as bringing online our facility in Palm Coast.

7 This data is confidential to Brunswick

OUTPERFORMING COMPETITION WITH EMERGING CONSUMERS & OUR PREMIUM BRANDS

Now, as we move forward to the “Next Wave”, let’s talk about where Boat Group is going:

First, we are leveraging our incredible brand equity and new digital experiences across brands to outperform the market, especially with emerging consumer segments.

8 This data is confidential to Brunswick

GREATER THAN 10% OPERATING MARGINS

We will deliver sustained double‐digit margins –as evidenced by our Q1 2021 results.

9 This data is confidential to Brunswick

FOUR NEW ELECTRIC BOAT APPLICATIONS

We continue to leverage our scale and expertise to deliver market‐leading technologies across ACES, and we will launch 4 new electric boat platforms by 2023;

10 This data is confidential to Brunswick

BEST-IN-CLASS SERVICE

We continue to invest in delivering a best‐in‐class consumer experience, turning our attention to a frictionless service experience;

11 This data is confidential to Brunswick

QUALITY LEADERSHIP

We will deliver consistent, industry‐leading quality…across all our products;

12 This data is confidential to Brunswick

CONSCIOUS, SUSTAINABLE LEADERSHIP

And finally, we will continue to focus on sustainability leadership across all our manufacturing facilities.

13 PATH TO DOUBLE-DIGIT MARGINS

• New Product • Market Demand • Share Gain • Pipeline Refuel • Productivity • Organizational Transformation • Quality

Boat Group put a stake in the ground in early 2020 committing that we would deliver double‐digit operating margins by 2022, and we remain on‐track to do that. We closed Q4 2020 above 9% and ended Q1 above 10%. The drivers of our profitability have been consistent:

First, is our portfolio of new products across our brands, which will include 122 new product launches over the next 2 years, enabling us to capture market share.

Additionally, the current unprecedented market demand is giving us strong tailwinds, and refilling the pipeline will continue to serve our business deep into 2022 to eensur sustainability of our margin position.

Finally, our investments in additional capacity, as well as our focus on productivity and quality improvements, will support delivery of these goals.

14 This data is confidential to Brunswick

CONSUMER TECHNOLOGY OPERATIONS

Elevated Consumer Product Leadership Operational Experience and Differentiated Excellence Technology

The core of Boat Group’s strategy to win with consumers continues to focus on 3 key pillars, which we believe are unmatched in the marine sector.

The first of these pillars is delivering an elevated consumer experience, throughout the lifecycle, starting with purchase and onboarding, and continuing through ownership and ongoing community involvement.

The second pillar is our unrivaled product leadership position across brands, and our differentiated technology ecosystem. We are uniquely positioned in the industry to be able to drive and shape this position, given our size and scale, and our strong partnerships with our sister divisions within Brunswick.

Third is our focus on operational excellence, including advanced manufacturing, continuous productivity improvements, and focus on quality and sustainability leadership.

Combined, these 3 pillars are enabling us to be more responsive to consumer demands, provide an unmatched ownership experience, and to deliver highly reliable products with differentiated technology.

15 This data is confidential to Brunswick

HOME TO 3 OF THE TOP 4 NATIONALLY RECOGNIZED MARINE BRANDS Our iconic brands drive sustained sales, share, and margin growth

Source: Wedbush Securities, January 2019

It starts with our brands. For many years, we have had the most global and iconic portfolio of brands in the world, which includes 3 of the top 4 most recognized brands, and 5 of the top 10.

16 This data is confidential to Brunswick

#1 #1 #2 Saltwater Recreational Aluminum Fishing Fiberglass Fishing

And we hold positions of strength in all major segments of the recreational marine space, with the #1 market share position in saltwater fishing, the #1 position in recreational fiberglass, and the #2 position in aluminum fishing.

17 This data is confidential to Brunswick

WOMEN FTBB YOUNGER

REGISTRATION BY OUTPERFORMED PORTFOLIO AVERAGE WOMEN HIGHEST RESPECTIVE AGE LOWER THAN EVER ON RECORD CATEGORIES IN INDUSTRY AVERAGE ATTRACTING FTBB

We are delighted that we are seeing the outcome of that brand equity translate into attracting new and emerging boating consumers, which will lead to the long‐term sustainability of our growth.

We over‐index in the percentage of women buying boats:

In 2020, our female buyers were the highest on record, and we outperformed the market by 7%. We are also seeing most of our brands significantly outperform their peers in attracting firstt‐time boa buyers of new boats.

We are also seeing the youngest boat owners since 2011, with the average age of a Boat Group owner being 2 years younger than our industry peers.

18 This data is confidential to Brunswick

New New Shopping Omnichannel Websites Experiences Transformation

To continue to attract and retain these new boaters, who have some pretty high expectations regarding their consumer experience, we are investing heavily in the purchase experience.

This is enabled by a contemporary digital backbone, which includes new websites across all our brands, and which have enhanced capabilities such as guided selling, digital configurators, and virtual tours.

This is enabling us to nurture consumers earlier in the process, and to deliver more educated and warmer leads to dealers for fulfillment.

19 This data is confidential to Brunswick

Expand New Boater Grow Community Seamless, Education Engagement Proactive Service Tailored Brand Content 1.4M Owners Contemporary Service Platforms

We are also focused on enhancing the ongoing ownership experience of our boaters through a variety of initiatives.

We are offering enhanced physical and digital training, new ways to purchase parts & accessories, and building community engagement via owners clubs and online communities, such as our Ripl community.

We are also investing in improving our consumers’ service experience, supported by back‐ end tools, as well as by working closely with our dealer base to deliver a more frictionless consumer experience.

20 Intuitive Connected Owners’ Charting a Maximize Operations Applications Sustainable Future Synergies

Moving to the second pillar of our overall strategy, technology and product innovations.

Our portfolio of brands offers a platform for us to deliver our differentiated technologies and enables us to drive our ACES strategy in partnership with our sister Brunswick divisions.

We are delivering Autonomy, Connectivity and Electrified solutions across our brands and roadmaps, and we are working with our Freedom Boat Club partners to deliver best‐in‐ class shared‐access solutions.

21 This data is confidential to Brunswick

Build-cutting edge Sensor Integrate Suites and core Tech Stack Propulsion System Automation

Reimagine User Controls and Communicate Intent

Starting with autonomy, we have a clear vision for what the future of boating looks like, and where autonomous solutions will make consumers:

• Feel safer in challenging or complex conditions, • Give them confidence in executing difficult tasks, • And ultimately move towards a world where the boat executes specific tasks for them.

We are leveraging external partners such as Carnegie Robotics and Sea Machines to accelerate our capability building, and to help us deliver the optimal technology stack and sensor suite to deliver advanced vessel control and advanced pilot assist systems.

22 Our objective is to bring key use cases to market quickly.

This starts with providing information about the boat and surroundings to our captains through intelligently connected systems.

Then we move to partially automated or advanced pilot assist systems, which support the captain through situations like docking assist.

And then we will deliver more fully‐autonomous solutions for specific use cases such as auto‐docking.

Our first major launch will be coming later this year, where we will be launching Docksense with our 380 Realm.

23 This data is confidential to Brunswick

HIGH POWER ELECTRIFICATION WILL CHANGE OUR PRODUCT PORTFOLIO GOING FORWARD CHARGING

CENTRAL COMMAND VESSEL POWER MODULE

ECOSYSTEM OF COMPONENTS

Electrification is another core element of our technology strategy, which also leverages the expertise, capabilities and systems know‐how from across our organization.

Starting with onboard power management systems, last year, we launched our electrification efforts with Fathom 1, which we introduced on our Sea Ray SLX‐R 400e at CES.

Since then, we’ve continued to advance the Fathom system, and our next iteration will support new high‐power engine charging systems that can deliver up to 4 times the capacity of existing systems.

We have also developed an enhanced central vessel power module to better control battery management, flowing through all the systems on the boat.

Additionally, we are delivering an ecosystem of components that are intelligently controlled and more efficient, including new adjustable HVAC units, water heaters, grills, and dimmable LED lighting.

24 This data is confidential to Brunswick

FOUR ELECTRIC BOAT APPLICATIONS LAUNCHED BY 2023

| 25

Of course, we aren’t just advancing power systems. We’re also paving the foundation for the future of an electric boat portfolio, and I’m excited to announce that by 2023, Boat Group will have launched 4 new electric boat applications in the marketplace.

The four applications will be focused on segments where typical use cases easily lend themselves to electric propulsion, such as low‐speed cruising or shorter duration at higher speeds. Stay tuned for more details on these in the near‐term.

25 This data is confidential to Brunswick

122 NEW PRODUCTS DELIVERED IN

Considering all these new technologies, I am delighted that we will be delivering 122 new products over the next 2 years. This covers all our brands and segments and includes many all‐new keel‐up designs and whitespace products, in addition to redesigns and refreshes.

I will share a few of the highlights with you here.

26 We are very proud of our all‐new Sea Ray Sundancer 370, which we launched in February of this year, to coincide with the 45th anniversary of the Sundancer family.

The new design language represented here is a powerful foundation upon which the future Sea Ray portfolio will be built. You will notice the elegant lines, athletic stance, and the increased focus on premium, tailored details.

27 This data is confidential to Brunswick

28 | 28

Another exciting recent launch was our Element M15. With the launch of this product, we challenged our brands to think differently about product design and innovation to attract the next generation of consumers.

A major innovation here was in the purchase process, where we significantly simplified how consumers choose boat options. And we included the trailer, all at a price point that is unbeatable in the marketplace.

28 This data is confidential to Brunswick REVO

29 | 29

Consistent with the theme of the M15, we have been challenging ourselves to rethink boat design and development to serve first‐time boaters across segments more broadly.

I am extremely excited to share an exciting new product launch with you here today; And with it, the creation of an all‐new brand, Revo, which we will launch later this year.

The Revo brand is aimed at emerging boating consumers and will include innovations not just in how we design the product, but also in how we go to market to attract these consumers, offering retail assistance for online ordering.

This new brand will be positioned around creating a recreational lifestyle, to appeal to younger outdoor enthusiasts and anglers who currently do not own a boat.

It will be new‐boater‐friendly in terms of functionality, performance, ease‐of‐use, maintenance and affordability. And it will have strong alignment with our ACES strategy for shared access and electrification.

29 Finally, I started by commenting on our most recognizable brands; additionally, we are investing in a disruptive brand in the tow segment.

In 2020, Heyday’s growth was almost 2 times the already strong growth of this highly‐profitable segment, and incredibly, Heyday managed this without any significant new product launches.

I am now excited to tell you that we have a major new launch coming up very soon, which I cannot wait for you to see. And we have only just begun with this brand –Its future is indeed bright.

30 This data is confidential to Brunswick

The strength of our Consistent YoY Cost operations drives Reductions margin expansion Manage Supply Chain Disruptions

Quality Leadership

| 31

Switching gears to the third core element of our strategy, I am also very keenly focused on the fact that the success and profitability of our business depends on our world‐class operating facilities.

This has been especially important in the current dynamic macro‐environment.

We have a comprehensive production system that is delivering significant year‐over‐year productivity improvements, along with industry‐leading safety.

We are rolling out enhanced quality systems and capabilities across all our facilities, and are already seeing strong improvements in our results.

And we continue to leverage our scale to optimize our supply chain. This has been especially important over the last several months, where there have been significant cross‐ industry shortages and delays. We believe our position of strength will continue to be a key advantage for us throughout the season here, with market demand continuing at all‐time highs.

31 This data is confidential to Brunswick

+200K ft2 Our ability to quickly respond to demand 600+ through capacity new jobs expansion will unlock incremental topline growth 10% production improvement through 2023

| 32

Speaking of unprecedented demand, as announced earlier this year, we are prioritizing investment in capacity expansions to deliver to this demand and to rebuild our historically low field inventory levels.

We currently have 3 major facility expansions underway, as announced earlier this year. • We are re‐opening our Palm Coast facility in Florida to serve Boston Whaler, • We are expanding our facilities in Reynosa, Mexico, and • We are more than doubling the output of our facility in Vila Nova, Portugal.

Overall, these expansions will increase production capacity by an incremental 10% and will add an additional 600 jobs to our Boat Group team.

32 This data is confidential to Brunswick

Boat Group is leveraging Efficient Consumption successes of Mercury of Energy & Water Marine to accelerate our sustainability objectives 1st Facility Achieved Zero Waste to Landfill

VOC Emission Reduction

| 33

Finally, from an operational efficiency perspective, sustainability remains high priority for us. We are firmly committing to lead the way in this area, just as we do in so many other areas of the recreational marine space.

We are focused on a variety of activities that are delivering energy and resource conservation, as well as reducing emissions and waste.

For example, in 2020, Fort Wayne became the first of our facilities to achieve “Zero Waste to Landfill” status, and we are on track to bring 2 more facilities to that status this year.

33 This data is confidential to Brunswick

INNOVATING SHAPING GROWING Innovating to deliver Shaping a seamless Consistent, continuous intuitive operating owner’s experience operating improvements experience, win in to retain and expand to drive profitable electrification, and attract marine participation growth emerging consumers

I have shared a lot of information with you here about our exciting progress, strategy, and plans.

Let me now wrap up by reiterating that Boat Group is an integral part of Brunswick’s coherent and winning marine strategy, and that we believe we are very well positioned to deliver.

Our leading brands connect the enterprise to our 1.4M boat owners and give us a platform to integrate all the exciting ACES technologies we are developing with our sister divisions.

We are shaping a frictionless consumer experience to attract and retain the boaters of tomorrow.

And we are investing in operating improvements to be able to do all this while driving topline growth.

There is no better time for Boat Group, and I am very excited to be part of this journey with Brunswick. Thank you. And now, I would like to turn it over to Brenna Preisser, President of Business Acceleration.

34 This data is confidential to Brunswick

| 35

35