Tsv investor presentation

1. COMPANY CONFIDENTIAL ― DO NOT DUPLICATE OR DISTRIBUTE 1COMPANY CONFIDENTIAL ― DO NOT DUPLICATE OR DISTRIBUTE
2016 ANALYST MEETING
KEVIN HOLLERAN

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FORWARD LOOKING STATEMENT
Certain statements in today’s discussion will be forward-looking statements,
including those that discuss strategies, goals, outlook or other non-historical matters;
or project revenues, income, returns or other financial measures. These forward-
looking statements speak only as of the date on which they are made, and we
undertake no obligation to update or revise any forward-looking statements.
These forward-looking statements are subject to risks and uncertainties that may
cause actual results to differ materially from those contained in the statements,
including the risks and uncertainties set forth under our full disclosure located at the
end of this presentation and included in our SEC filings.

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AGENDA
11:30 a.m. Lunch
12:15 p.m. Briefing
• Golf
• Consumer
• Ground Support
• Commercial
1:30 p.m. Main Campus Tour
2 p.m. West Campus Tour
3 p.m. Vehicle Demonstrations
3:45 p.m. Depart for Augusta Airport

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Golf AftermarketConsumer Ground SupportTurf
TSV BUSINESS LINES
Off-Road TransportFleet Maintenance
2015 Revenue: ~$1 Billion
Commercial

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GROWTH DRIVERS
• Rapid product development
• Entering adjacent segments through organic and
acquisitive growth
• Investing in channel and brand development
• Leveraging supply chain, engineering, administration

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GOLF

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GOLF GROWTH STRATEGY
Turf Care Utility HospitalityGolf Support
Single-Source Equipment Solution

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PRODUCT INNOVATION
• First manufacturer to offer lithium battery technology
• Industry-exclusive agreement with Samsung
• Reduces operating costs for customer
• Lower weight prevents turf damage
•Fleet tracking, management
•Speed control, geofencing
•Customizable to course needs
Fleet Management

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GROWTH WITH MULTI-COURSE OPERATORS
No. 1 in Segment
• More courses turning to 3rd-party
management
• Leverage relationships to grow share
across all brands
156
137
129
87
81
61
52
Army MWR, 43
43
Lindsey, 42
Integrity Golf, 36
Touchstone Golf, 32
GreatLife G&F, 26
Landscapes Golf, 22
Marriott Golf, 21
Brown Golf, 20
Source: National Golf Foundation
Leading U.S. Golf Management Companies

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CONSUMER

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PERSONAL TRANSPORTATION VEHICLE (PTV) SEGMENT
• Leader in segment
• More than 400 dealer locations
• All models derived from golf-car platforms
Leveraging Golf-Car Platforms to Drive Incremental Revenue
2Five LSV Freedom TXT Express S4
$inmillions
0
50
100
150
200
250
300
350
400
2017 2018 2019 2020 2021
PTV Segment Growth Forecast

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CONSUMER SIDE-BY-SIDE (SxS) SEGMENT
Consumer Segment: ~300,000 units
Source: Power Products Marketing
• Established segment with MSD growth rate$inbillions
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2017 2018 2019 2020 2021
Consumer SxS Growth Forecast
Sport Utility Super Sport Crossover Other
Other
4%
Sport Utility
55%
Crossover
12%
Super Sport
29%

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Stampede
4x4 EPS
Polaris
Ranger XP
1000 EPS
Polaris
Ranger XP
900 EPS
Can-Am
Defender
HD10 EPS
Honda
Pioneer
1000
Horsepower 80hp 80hp 68hp 72hp 77hp
Front Sway Bar     
Dry Storage     
Extended Cab     
Full Doors     
Warranty 2 years 6 months 6 months 6 months 1 year

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BUILDING POWERSPORTS CHANNEL
Average Powersports Customer Average PTV Customer
Building Powersports Channel With Incremental Business
• 65% over age 55
• 61% household income of >$100K
• 92% pay cash
• Greater appeal to women
• 65% under age 55
• 58% household income of <$100K
• Greater use of financing
• Male-dominated

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CHANNEL SUCCESSES
• Attracting industry’s most successful channel partners
• 75 locations nationwide
• BPS acquisition of Cabela’s provides channel growth
opportunities

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GROUND SUPPORT EQUIPMENT

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PRODUCT BRANDS AND LINES
• Aircraft pushbacks
• Baggage & cargo tractors, belt
loaders
• GPUs, Air-starts, mobile HVAC
• Towbarless aircraft pushbacks
• Runway friction measurement
• De-icing equipment
• Regional airports and FBOs
• De-icing equipment
• Hub airports
Acquired May 2014 Acquired January 2015 Acquired May 2016 Acquired October 2016

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Baggage
Handling
26%
Aircraft
Handling
15%
Aircraft Support
26%
Cargo Handling
13%
Passenger
Handling
6%
Aircraft Servicing
Vehicles
14%
Sources: Centre for Aviation, Boeing Current Market Outlook 2015
Entered Adjacent Segment With Strong Growth Potential
GSE SEGMENT
$inbillions 0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2017 2018 2019 2020 2021
Mobile GSE Growth Forecast

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GROWTH OPPORTUNITIES
Sources: International Air Transportation Association (IATA), Centre For Aviation (CAPA), Boeing Current Market Outlook 2015
• Consolidating sales, support organizations
• Expanding service contracts
• Entering underserved regions
• Developing innovative products
Passenger Growth by Region
Projected 5-Year CAGR
9% 9%
7% 7%
3%
2% 2%
APAC Middle
East
Latin
America
Africa Europe CIS North
America

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GROWTH THROUGH INNOVATION
220 Series
•Single-operator control
•Lower operating cost
•Uses ultrasonic sensors
•Will be leveraged across other
GSE products
Lithium Technology
•Reduced CO2 footprint
•Lower maintenance and
operating costs

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COMMERCIAL

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COMMERCIAL SxS GROWTH STRATEGY
Industrial
Hospitality &
Maintenance
Agriculture
• Manufacturing
• Material handling
• Construction
• Commercial Farms
• Ranches
• Nurseries
• Universities
• Airports
• Resorts/Parks
Leveraging common product platforms into multiple segments
$inbillions
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
2017 2018 2019 2020 2021
Commercial SxS Growth Forecast
Agriculture Hospitality & Maint. Industrial Military
Source: Power Products Marketing

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• Commercial SxS built on Stampede platform
• Licensing agreement with Case New Holland
• Access to 900+ New Holland Agriculture dealers
• Potential to leverage other Case New Holland channels

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PROSUMER/PROFESSIONAL TURF
Sources: Outdoor Power Equipment Institute, Annual Reports
• Well-known brand portfolio
• Investing in new product development
• Grow Dixie Chopper in Outdoor Power Equipment channel
• Professional Turf, SxS product lines complementary
Leverage Engineering, Infrastructure to Grow in Turf Space
$inbillions
0.0
1.0
2.0
3.0
4.0
5.0
2017 2018 2019 2020 2021
Commercial Turf Growth Forecast
Zero-Turn Professional Turf Walk-Behind/Ride-On

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QUESTIONS