PowerSports Business

Sept 4, 2017

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FINANCE www.PowersportsBusiness.com Powersports Business • September 4, 2017 • 17 POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 08/11/17 07/21/17 Change High Low ARI Network Services, Inc. ARIS $7.07 $7.05 0.3% $7.48 $4.21 Assurant, Inc. AIZ $102.54 $105.41 -2.7% $106.99 $78.50 Brunswick Corp. BC $54.78 $60.20 -9.0% $63.82 $42.02 CDK Global CDK $61.29 $65.09 -5.8% $67.49 $53.46 General Electric Co. GE $25.20 $25.91 -2.7% $32.38 $25.19 Harley-Davidson, Inc. HOG $47.54 $48.26 -1.5% $63.40 $46.00 Honda Motor Corp. ADR HMC $27.56 $27.52 0.1% $32.17 $27.05 Polaris Industries, Inc. PII $89.35 $94.33 -5.3% $99.16 $70.14 TCF Financial Corporation TCB $14.94 $15.72 -5.0% $20.03 $13.32 Stock Price Price Percent 52-Week Company Ticker 08/11/17 07/21/17 Change High Low ArvinMeritor ARM $18.59 $17.78 4.6% $19.61 $9.84 Bridgestone Corp. ADR BRDCY $21.93 $21.89 0.2% $22.31 $16.55 Carlisle Companies CSL $95.41 $100.09 -4.7% $116.40 $93.47 Cooper Tire & Rubber CTB $33.80 $38.60 -12.4% $44.50 $33.11 Dover Corporation DOV $85.05 $82.87 2.6% $87.63 $65.50 Intl. Speedway Corp. Cl. A ISCA $34.85 $34.75 0.3% $40.31 $30.05 Deere & Company DE $126.70 $125.75 0.8% $132.50 $76.73 MarineMax, Inc. HZO $15.45 $14.65 5.5% $23.65 $13.80 Spy Inc. XSPY $0.06 $0.05 20.0% $0.30 $0.02 Speedway Motorsports, Inc. TRK $20.92 $18.55 12.8% $22.28 $16.80 Universal Technical Institute UTI $3.42 $3.69 -7.3% $5.38 $1.42 TCF Financial Corporation TCB $14.94 $15.72 -5.0% $20.03 $13.32 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities LLC Stock Price Price Percent 52-Week Company Ticker 08/11/17 07/21/17 Change High Low BMW AG BMW-ETR 79.95 € 81.19 € -1.5% 91.76 € 72.02 € BRP, Inc. DOO-TSE $41.27 $38.57 7.0% $41.94 $22.10 Kawasaki Heavy Industries 7012-TKS 334 ¥ 359 ¥ -7.0% 411 ¥ 271 ¥ Michelin ML-PAR 116.10 € 117.35 € -1.1% 123.85 € 92.11 € NGK Sparkplug 5334-TKS 2098 ¥ 2223 ¥ -5.6% 2835 ¥ 1724 ¥ Suzuki Motor 7269-TKS 5751 ¥ 5341 ¥ 7.7% 5843 ¥ 3182 ¥ Yamaha Motor 7272-TKS 3115 ¥ 2859 ¥ 9.0% 3175 ¥ 1833 ¥ Yokohama Rubber 5101-TKS 2233 ¥ 2279 ¥ -2.0% 2366 ¥ 1366 ¥ DOMESTIC STOCKS OF INTEREST Castiglioni back to owning controlling stake MV Agusta Holding consolidated its equity investment through ComSar Invest, an invest- ment fund that is part of Black Ocean Group. Timur Sardarov, a Russian dynasty key player in the production of oil and gas in East Europe, is the owner of Black Ocean Group. Along with the transaction, MV Agusta Holding announced the purchase of the 25 percent shares held by Mercedes AMG in the historic Italian motorcycle manufacturer MV Agusta Motor S.p.A. The closing of the deal, of which the financial terms were not disclosed, was set simultaneously to the capital increase of MV Agusta Holding in MV Agusta Motor S.p.A., expected at the homologation of the company restructuring plan, which has been approved by the quorum of the creditors. The new shareholding structure of MV Agusta Holding, which will control 100 percent of MV Agusta Motor S.p.A., will see ComSar Invest as a strong minority shareholder and GC Holding, the investment company of Giovanni Castiglioni, owning the controlling stake. The finalization of the transaction adds another important element to MV Agusta's deep turnaround plan started in 2016, based on the repositioning of the MV Agusta as a prime producer of super premium motorcycles, that brought the company back to positive EBITDA. Giovanni Castiglioni, president of MV Agusta, commented: "The transaction with ComSar Invest in our holding company through a capital increase and the acquisition of the shares previously held by Mercedes AMG in MV Agusta Motor S.p.A., represents an impor- tant milestone for our plan, which has as a main objective the reinforcement of MV Agusta core business: the production of high-performance, high-end motorcycles. In the last 12 months, the implemented measures have brought MV Agusta back in positive cash flow generation, allowing us to complete the restructuring plan and to consistently support product develop- ment and consolidation of our key markets." Timur Sardarov, controlling shareholder of ComSar Invest: "MV Agusta is for us the most iconic brand in the industry, a company that in the last five years has invested heavily in new product development creating a extensive, envi- able range of motorcycles. Our presence in the capital, with a clear long-term vision, as well as in the key management of the company, has the objective, through our core competences and skills, to support and strengthen MV Agusta's in the coming years, consolidating its position of super premium motorcycle producer. We will focus our funding to reinforce MV Agusta sales network and service and our knowledge in the technology fields, web and marketing to reach and enhance new markets, strengthen our digi- tal and social presence enlarging MV Agusta's consumer base." PSB MV Agusta Holding launches after deal Play dirty. Your customers. Want to go off-road and protect their ride. Your dealership. Wants happy customers and increased profits. Aegis Powersports – we understand off-road. The best F&I provider in the industry, with the grit for dirt. It's off-road season – time to play dirty. Official Service Contract Provider of the CMDA California Motorcycle Dealers Association Award-Winning Products 800.572.5099 www.AegisPowersports.com © 2016 Aegis Extended Service, LLC. Aegis Powersports products backed by Aegis Security Insurance Company, A.M. Best "A" Rated.

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