CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements in this press release, including, but not limited to, statements relating to the Companys Fiscal Year 2024,
including updated financial guidance and where it stands with respect to it, and related assumptions of the Company (including revenues, Normalized EBITDA, Effective Tax Rate, Normalized earnings per share, net income, depreciation expense, net
financing costs adjusted, weighted average of the number of shares diluted and capital expenditures), statements relating to the declaration and payment of dividends, statements about the Companys current and future plans, including any
adjustments to production and deliveries to manage network inventory, and other statements about the Companys prospects, expectations, anticipations, estimates and intentions, results, levels of activity, performance, objectives, targets,
goals or achievements, priorities and strategies, financial position, market position, including its ability to gain additional market share, capabilities, competitive strengths, beliefs, the prospects and trends of the industries in which the
Company operates, including the Companys ability to respond to market fluctuations and to drive long-term profitable growth, the expected demand for the Companys products and services and sustainable growth, research and product
development activities, including the expectation of regular flow of new product introductions, their projected design, characteristics, capacity or performance, expected scheduled entry to market and the anticipated impact of such product
introductions, expected financial requirements and the availability of capital resources and liquidity or any other future events or developments and other statements that are not historical facts constitute forward-looking statements within the
meaning of Canadian and United States securities laws. The words may, will, would, should, could, expects, forecasts, plans, intends,
trends, indications, anticipates, believes, estimates, outlook, predicts, projects, likely or potential or the negative or other
variations of these words or other comparable words or phrases, are intended to identify forward-looking statements.
Forward-looking statements are presented for the purpose of assisting readers in understanding certain key elements of the
Companys current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of the Companys business and anticipated operating environment. Readers are cautioned that such
information may not be appropriate for other purposes; readers should not place undue reliance on forward-looking statements contained herein. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based
on a number of assumptions, both general and specific, as further described below.
Many factors could cause the
Companys actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the following
factors, which are discussed in greater detail under the heading Risk Factors of its Annual Information Form: the impact of adverse economic conditions including in the context of recent significant increases of interest and inflation
rates; any decline in social acceptability of the Company and its products, including in connection with the broader adoption of electrical or low-emission products; fluctuations in foreign currency exchange
rates; high levels of indebtedness; any unavailability of additional capital; any supply problems, termination or interruption of supply arrangements or increases in the cost of materials, including as a result of the military conflict between
Russia and Ukraine; the inability to attract, hire and retain key employees, including members of the Companys management team or employees who possess specialized market knowledge and technical skills; any failure of information technology
systems, security breach or cyber-attack, or difficulties with the implementation of new systems, including the Companys new ERP; the Companys reliance on international sales and operations; the Companys inability to successfully
execute its growth strategy; unfavourable weather conditions and climate change more generally; the Companys seasonal nature of its business and some of its products; the Companys reliance on a network of independent dealers and
distributors; any inability of dealers and distributors to secure adequate access to capital; any inability to comply with product safety, health, environmental and noise pollution laws; the Companys large fixed cost base; any failure to
compete effectively against competitors or any failure to meet consumers evolving expectations; any failure to maintain an effective system of internal control over financial reporting and to produce accurate and timely financial