Polaris 2007 Annual Report Download

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MOMENTUM
POLARIS INDUSTRIES INC. 2007 ANNUAL REPORT

Table of contents

  • Page 1
    MOMENTUM POLARIS INDUSTRIES INC. 2007 ANNUAL REPORT

  • Page 2
    ... International: Expand global presence. • Expand military opportunity. • Enter at least one new adjacent market segment. The Strategies Supported by ... People and Culture • Externally focused employee owners with a can-do drive to consistently deliver outstanding results. • The best team...

  • Page 3
    ... and side-by-side vehicles (ATVs); snowmobiles; motorcycles; and related parts, garments and accessories (PG&A). New products drive sales and profitability at Polaris. During 2007, the Company introduced some of the most successful new products in the Company's history. $1,773 $1,552 $2.97 $2.58...

  • Page 4
    ... Snowmobiles ATVs RANGER RZR Plastics injection molding PG&A Distribution 6 7 3 8 3 1 5 6 4 Osceola, WI • Fabricated components • Exhaust systems • Clutches • Seats • Engines Vermillion, SD Winnipeg, MB, Canada Research & Development 8 2 Wyoming, MN Roseau, MN 62% Retail Financing...

  • Page 5
    ...THE CEO AND COO Dear Fellow Shareholders: A year ago, Polaris developed an ambitious three-year plan for getting back to great. Investors were understandably skeptical. Our 2006 performance was disappointing. And 2007 looked bleak: The housing market crashed. The economy was slow. Durable goods were...

  • Page 6
    ... much more aggressive with advertising and sales promotions. On top of that, we continued the Polaris legacy of introducing innovative new products like the value-priced ATV Sportsman 400 and 500 HO; the high-performance 800 CFI RMK Dragon, which was named "the number one mountain sled" by SnoWest...

  • Page 7
    RANGER XPâ„¢ with the Freedom Cab System installed 2007 ANNUAL REPORT THREE

  • Page 8
    ... of sales • Increase dealer profitability to powersportsleading level SPEED Improve speed to consumer by 50% by 2010 • Improve inventory turns • Reduce purchasing lead times • Reduce new product development cycle time • Reduce customer feedback quality loop cycle time • Reduce wholesale...

  • Page 9
    2008 Victory Vision Tour 2007 ANNUAL REPORT FIVE

  • Page 10
    ...largest ATV market. These changes will continue to drive an already successful international business. Our teams and products are strong, and in 2007, we gained market share in Europe in both ATVs and snowmobiles, while total international sales grew 11 percent. With the RANGER RZR being launched in...

  • Page 11
    Military Version (MV) 800 4x4 2007 ANNUAL REPORT SEVEN

  • Page 12
    ...So, in the short term, it's business as usual at Polaris - working toward the 2009 goals outlined in Tom and Bennett's letter, while at the same time positioning the company for success longer term. Our 10-year plan is achievable, with sensible investments and good execution. As a Board, we are very...

  • Page 13
    ..., and net income from continuing operations per diluted share increased 14 percent. Gross margins expanded, and all businesses increased market share. Additionally, we launched two important products in 2007, the RANGER RZR and Victory Vision, both with leading-edge technology and design in their...

  • Page 14
    ... OF OPERATIONS DATA Sales data: Total sales Percent change from prior year Sales mix by product: All-terrain vehicles Snowmobiles Motorcycles Parts, garments & accessories Gross profit data: Total gross profit Percent of sales Operating expense data: Total operating expenses Percent of sales Net...

  • Page 15
    ...,800 40,000 169,886 $ 1,466 183,840 380,093 204,964 20,500 154,629 $ 1,233 217,458 385,498 191,111 24,400 169,987 Cash Flow Provided to Net Cash Provided by Operating Activities from Continuing Operations Year Cash Flow Provided Deferred Income Taxes Changes in Current Operating Items One-time...

  • Page 16
    ... Victory Motorcycles and International Operations JOHN B. CORNESS Vice President - Human Resources MICHAEL D. DOUGHERTY Vice President and General Manager - ATVs WILLIAM C. FISHER Vice President, Chief Information Officer and General Manager - Service MATTHEW J. HOMAN General Manager - Side-by-Side...

  • Page 17
    ...Wells Fargo Bank website at www.wellsfargo.com. PRODUCT BROCHURES For product brochures and dealer locations, write or call: Polaris Industries Inc. 2100 Highway 55 Medina, MN 55340 1-800-Polaris (1-800-765-2747) INTERNET ACCESS To view the Company's annual report and financial information, products...

  • Page 18
    Polaris Industries Inc. 2100 Highway 55 Medina, MN 55340 763-542-0500 763-542-0599 fax www.polarisindustries.com © 2008 Polaris Industries Inc. Printed in the USA E Printed on recycled paper containing 10 percent post-consumer fiber. 2008 RANGER RZR