PowerSports Business

August 14, 2017

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www.PowersportsBusiness.com FINANCIAL Powersports Business • August 14, 2017 • 11 Citi Retail Services announced a long-term agreement with American Honda Motor Corp to provide a private label credit card program supporting Honda's powersports dealer net- work nationwide. Dealers will now be able to offer customers a financing program for Honda's motorcycles, scooters, ATVs, side-by- sides, parts and accessories. This is the second program Citi Retail Ser- vices will launch with Honda, following the recent announcement of the partnership with Honda Power Equipment. "This new agreement with Citi Retail Ser- vices will help Honda dealers offer value to our customers with a program for financing Hon- da's motorcycles, scooters, ATVs, side-by-sides, parts and accessories," said Chuck Boderman, vice president of American Honda's Motorcycle Division. "We look forward to working with Citi Retail Services to offer value and conve- nience of the Honda Card to our dealers and satisfying our customers." "Following our recent agreement with Honda Power Equipment, we are excited to expand our partnership to offer industry-lead- ing financing options to customers of American Honda Motor Corp," said Craig Vallorano, head of Citi Retail Services. "As we continue to build Citi Retail Service's portfolio in the powersports and equipment market, we're proud to work together with strong and respected brands like Honda." PSB POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 7/21/17 6/19/17 Change High Low ARI Network Services, Inc. ARIS $7.05 $6.44 9.5% $7.48 $4.20 Assurant, Inc. AIZ $105.41 $104.74 0.6% $106.47 $78.50 Brunswick Corp. BC $60.20 $61.64 -2.3% $63.82 $42.02 CDK Global CDK $65.09 $62.31 4.5% $67.49 $53.46 General Electric Co. GE $25.91 $28.80 -10.0% $32.38 $25.26 Harley-Davidson, Inc. HOG $48.26 $55.45 -13.0% $63.40 $46.00 Honda Motor Corp. ADR HMC $27.52 $27.75 -0.8% $32.17 $26.74 Polaris Industries, Inc. PII $94.33 $88.44 6.7% $99.16 $70.14 TCF Financial Corporation TCB $15.72 $15.79 -0.4% $20.03 $13.02 Stock Price Price Percent 52-Week Company Ticker 7/21/17 6/19/17 Change High Low ArvinMeritor ARM $17.78 $16.25 9.4% $18.40 $7.88 Bridgestone Corp. ADR BRDCY $21.89 $21.35 2.5% $22.31 $16.55 Carlisle Companies CSL $100.09 $96.65 3.6% $116.40 $93.47 Cooper Tire & Rubber CTB $38.60 $35.75 8.0% $44.50 $29.98 Dover Corporation DOV $82.87 $83.05 -0.2% $85.31 $65.50 Intl. Speedway Corp. Cl. A ISCA $34.75 $35.80 -2.9% $40.31 $30.05 Deere & Company DE $125.75 $126.99 -1.0% $129.00 $76.73 MarineMax, Inc. HZO $14.65 $18.50 -20.8% $23.65 $14.40 Spy Inc. XSPY $0.05 $0.11 -54.5% $0.30 $0.02 Speedway Motorsports, Inc. TRK $18.55 $18.45 0.5% $22.28 $16.62 Universal Technical Institute UTI $3.69 $3.65 1.1% $5.38 $1.42 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities LLC Stock Price Price Percent 52-Week Company Ticker 7/21/17 6/19/17 Change High Low BMW AG BMW-ETR 81.19 € 84.00 € -3.3% 91.76 € 72.02 € BRP, Inc. DOO-TSE $38.57 $39.07 -1.3% $40.55 $20.85 Kawasaki Heavy Industries 7012-TKS 359 ¥ 319 ¥ 12.5% 411 ¥ 271 ¥ Michelin ML-PAR 117.35 € 120.90 € -2.9% 123.85 € 87.68 € NGK Sparkplug 5334-TKS 2223 ¥ 2269 ¥ -2.0% 2835 ¥ 1633 ¥ Suzuki Motor 7269-TKS 5341 ¥ 5196 ¥ 2.8% 5560 ¥ 3049 ¥ Yamaha Motor 7272-TKS 2859 ¥ 2872 ¥ -0.5% 3045 ¥ 1631 ¥ Yokohama Rubber 5101-TKS 2279 ¥ 2175 ¥ 4.8% 2366 ¥ 1306 ¥ DOMESTIC STOCKS OF INTEREST Honda adds credit card partner POLARIS Q2 CONTINUED FROM PAGE 10 We still have a lot of work to do, but we are seeing results from the strong and sustainable improvements we are making to the fundamen- tals of our business, as we establish the founda- tion of a renewed growth platform." "I am proud of the hard work and progress our Polaris team made in the first half of 2017, and our commitment to regaining our winning momentum in powersports is deep and strong. From significant new innovations in perfor- mance, reliability, and rider safety, to upgrad- ing our plants and supply chain, we have made substantial investments both in enhancing our safety and quality practices, and in research and development to accelerate the cadence of our new product introductions." PSB HARLEY Q2 CONTINUED FROM PAGE 10 net income was $445.2 million on consoli- dated revenue of $3.27 billion compared to six-month 2016 net income of $530.9 mil- lion on consolidated revenue of $3.61 billion. Through six months, worldwide retail motor- cycle sales were down 5.7 percent from the same period in 2016. "Our long-term strategy, focused on building the next generation of Harley-Davidson riders, is our true north. Our new product investment is one pillar of our long-term strategy to build rid- ers globally, and we are energized by the strength of our model year 2018 motorcycles coming later this summer," said Levatich. U.S. H-D new retail motorcycle sales were down, driven by weak industry conditions. PSB

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