HARLEY-DAVIDSON DELIVERS STRONG FOURTH QUARTER FINANCIAL RESULTS AND SUCCESSFULLY COMPLETES THE FIRST YEAR OF THE HARDWIRE FIVE-YEAR STRATEGIC PLAN

MILWAUKEE — Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) reported fourth quarter and full year 2021 results [February 8].

“Harley-Davidson delivered a strong finish to the year, in which we have seen proof points on all elements of our Hardwire Strategy,” said Jochen Zeitz, Chairman, President and CEO, Harley-Davidson. “Looking ahead, we are fully committed to achieving our long-term Hardwire Strategy, as the most desirable motorcycle brand and company in the world.”

2021 Highlights and Results

Successfully completed the first year of The Hardwire Five-year Strategic Plan
Delivered full year GAAP diluted EPS of $4.19, up $4.18 vs. 2020

Grew Harley-Davidson’s total revenue by 32% behind increased shipments and favorable motorcycle unit mix resulting from our Hardwire actions

Achieved 9.0% GAAP operating margin for the Motorcycles and Related Products segment (“HDMC”), which was well ahead of prior year and +2.7 percentage points ahead of 2019

Record Financial Services segment (“HDFS”) operating income of $415 million, up 112%, driven by lower provision for credit losses and lower interest expense

Announced merger transaction for LiveWire with AEA-Bridges Impact Corporation; deal expected to close in the first half of 2022

Fourth Quarter 2021 Highlights and Results

Delivered GAAP diluted EPS of $0.14 versus a loss of $0.63 in Q4 2020

Grew Harley-Davidson’s total revenue by 40% on higher units, profitable unit mix and pricing

HDMC achieved improved GAAP operating margin as Hardwire actions take effect
HDFS operating income growth of $18 million and 24% versus PY driven by lower interest expense

2022 Financial Outlook

For the full year 2022, the company expects:

HDMC revenue growth of 5 to 10%

HDMC operating income margin of 11 to 12%

HDFS operating income to decline by 20 to 25%

Capital investments of $190 million to $220 million

The outlook assumes that supply chain challenges improve in the second half of the year.

The company’s cash allocation priorities are to fund growth through The Hardwire initiatives, pay dividends, and execute discretionary share repurchases.

Fourth Quarter and Full Year 2021 Results

Consolidated revenue was up 40 percent in the fourth quarter and up 32 percent for the full year over 2020, driven by growth in HDMC revenue resulting from stronger unit sales and mix. Consolidated net income in the fourth quarter reflects HDFS operating income offsetting HDMC operating losses in the seasonally slow quarter. Consolidated net income for the full year was driven by significant operating income improvement with strong results at both HDMC and HDFS.

Revenue from HDMC was up significantly during the fourth quarter of 2021 primarily driven by a 39 percent increase in wholesale shipments, favorable motorcycle unit mix resulting from our Hardwire actions and pricing in the U.S. market. Parts & Accessories fourth quarter revenue was up 13 percent while General Merchandise was up 46 percent over Q4 2020, as both businesses were favorably impacted by increased wholesale shipments and refreshed product offerings.

Fourth quarter gross margin was down 2 percentage points to Q4 prior year as stronger units and pricing were offset by negative cost headwinds across the supply chain and higher additional EU tariffs (1.3 percentage point impact). Q4 operating margin was improved versus prior year due to lower operating expenses and heavier restructuring charges in the prior Q4.

Global retail motorcycle sales in the fourth quarter were up 2 percent versus prior year, driven by a robust performance in North America offset by declines across international markets. International results were the result of strategic decisions made as part of the Rewire and Hardwire Strategic Plan, including the exit of unprofitable product segments and markets, as well as macro supply chain challenges, including slower shipping times to the international markets.

HDFS operating income growth of $18 million over Q4 2020 was driven by lower interest expense and lower restructuring costs, partially offset by higher provision for credit losses.

Other Results

Harley-Davidson generated $976 million of cash from operating activities in 2021. Cash and cash equivalents were $1.9 billion at the end of 2021, down $1.4 billion from the end of 2020 as the company has normalized cash balances.

Tax Rate – The company’s 2021 effective tax rate was 21 percent, which was favorably impacted by several discrete income tax benefits recorded in the year.
Dividends – The company paid cash dividends of $0.60 per share on a full year basis in 2021.

Update on LiveWire Transaction

On December 13, 2021, Harley-Davidson and AEA-Bridges Impact Corp. (“ABIC”) (NYSE: IMPX), a special purpose acquisition company with a dedicated sustainability focus, sponsored by executives of AEA Investors and Bridges Fund Management, announced a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division, to create a new publicly traded company. Its common stock is expected to be listed on the New York Stock Exchange under the symbol “LVW”.

The transaction is expected to close in the first half of 2022 and is subject to the approval of ABIC shareholders and other customary closing conditions.

Company Background

Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road.  www.harley-davidson.com.

Non-GAAP Disclosure

This press release includes financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to be considered by users as supplemental information to the equivalent GAAP measures, to aid investors in better understanding the company’s financial results. The company believes that these non-GAAP measures provide useful perspective on underlying business results and trends, and a means to assess period-over-period results. These non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP measures may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted.

The non-GAAP measures included in this press release are adjusted net income and adjusted diluted EPS. These non-GAAP measures exclude restructuring plan costs. The company’s management reviews its results with and without the impact of restructuring plan costs and does not consider past restructuring plan costs to be indicative of ongoing operating activities. Restructuring plan costs include restructuring expenses as presented in the consolidated statements of operations. These non-GAAP measures, as well as a reconciliation of the comparable GAAP measure to these non-GAAP measures, are included later in this press release.

Cautionary Note Regarding Forward-Looking Statements

The company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company “believes,” “anticipates,” “expects,” “plans,” “may,” “will,” “estimates,” “targets,” “intend,” “is on-track,” “forecasting,” or words of similar meaning. Similarly, statements that describe or refer to future expectations, future plans, strategies, objectives, outlooks, targets, guidance, commitments or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this press release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are only made as of the date of this press release, and the company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the following: (i) the COVID-19 pandemic, including the length and severity of the pandemic across the globe and the pace of recovery following the pandemic; and (ii) the company’s ability to: (A) execute its business plans and strategies, including The Hardwire and the evolution of LiveWire as a standalone brand, including the proposed separation of LiveWire from the company through the combination of LiveWire with ABIC, which includes the risks noted below; (B) manage supply chain and logistic issues, including quality issues, availability of semiconductor chip components and the ability to find alternative sources of those components in a timely manner, unexpected interruptions or price increases caused by supplier volatility, raw material shortages or natural disasters, and longer shipping times and increased logistics costs, including by successfully implementing pricing surcharges; (C) realize the expected business benefits from the combination of LiveWire with ABIC, which may be affected by, among other things: (i) the ability of LiveWire to: (1) achieve profitability, which is dependent on the successful development and commercial introduction and acceptance of its electric vehicles, and its services, which may not occur; (2) adequately control the costs of its operations as a new entrant into a new space; (3) develop, maintain, and strengthen its brand; (4) execute its plans to develop, produce, market, and sell its electric vehicles; (5) effectively establish and maintain cooperation from its retail partners, largely drawn from the company’s traditional motorcycle dealer network, to be able to effectively establish or maintain relationships with customers for electric vehicles; (6) maintain relationships with customers and suppliers and retain its management and key employees; and (7) successfully collaborate with Kwang Yang Motor Co., Ltd., as outlined in its Long Term Collaboration Agreement, to accelerate development of two-wheel and other electric vehicles and to explore further business opportunities in electric vehicles markets; (ii) competition; and (iii) other risks and uncertainties indicated from time to time in the final prospectus of ABIC, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by the company, LW EV Holdings, Inc. (HoldCo) or ABIC; (D) accurately analyze, predict and react to changing market conditions and successfully adjust to shifting global consumer needs and interests; (E) successfully access the capital and/or credit markets on terms that are acceptable to the company and within its expectations; (F) successfully carry out its global manufacturing and assembly operations; (G) develop and introduce products, services and experiences on a timely basis that the market accepts, that enable the company to generate desired sales levels and that provide the desired financial returns, including successfully implementing and executing plans to strengthen and grow its leadership position in Grand American Touring, large Cruiser and Trike, and growing its complementary businesses; (H) perform in a manner that enables the company to benefit from market opportunities while competing against existing and new competitors; (I) successfully appeal: (i) the revocation of the Binding Origin Information (BOI) decisions that allowed the company to supply its European Union market with certain of its motorcycles produced at its Thailand operations at a reduced tariff rate and (ii) the denial of the company’s application for temporary relief from the effect of the revocation of the BOI decisions; (J) manage and predict the impact that new, reinstated or adjusted tariffs may have on the company’s ability to sell products internationally, and the cost of raw materials and components, including the temporary lifting of the Section 232 steel and aluminum tariffs and incremental tariffs on motorcycles imported into the EU from the U.S., between the U.S. and EU, which expires on December 31, 2023; (K) prevent, detect, and remediate any issues with its motorcycles or any issues associated with the manufacturing processes to avoid delays in new model launches, recall campaigns, regulatory agency investigations, increased warranty costs or litigation and adverse effects on its reputation and brand strength, and carry out any product programs or recalls within expected costs and timing; (L) manage the impact that prices for and supply of used motorcycles may have on its business, including on retail sales of new motorcycles; (M) successfully manage and reduce costs throughout the business; (N) manage through changes in general economic and business conditions, including changing capital, credit and retail markets, and the changing political environment; (O) continue to develop the capabilities of its distributors and dealers, effectively implement changes relating to its dealers and distribution methods and manage the risks that its independent dealers may have difficulty obtaining capital and managing through changing economic conditions and consumer demand; (P) continue to develop and maintain a productive relationship with Zhejiang Qianjiang Motorcycle Co., Ltd. and launch related products in a timely manner; (Q) maintain a productive relationship with Hero MotoCorp as a distributor and licensee of the Harley-Davidson brand name in India; (R) successfully maintain a manner in which to sell motorcycles in China and the company’s Association of Southeast Asian Nations (ASEAN) countries that does not subject its motorcycles to incremental tariffs; (S) manage its Thailand corporate and manufacturing operation in a manner that allows the company to avail itself of preferential free trade agreements and duty rates, and sufficiently lower prices of its motorcycles in certain markets; (T) accurately estimate and adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices; (U) retain and attract talented employees, and eliminate personnel duplication, inefficiencies and complexity throughout the organization; (V) prevent a cybersecurity breach involving consumer, employee, dealer, supplier, or company data and respond to evolving regulatory requirements regarding data security; (W) manage the credit quality, the loan servicing and collection activities, and the recovery rates of HDFS’ loan portfolio; (X) adjust to tax reform, healthcare inflation and reform and pension reform, and successfully estimate the impact of any such reform on the company’s business; (Y) manage through the effects inconsistent and unpredictable weather patterns may have on retail sales of motorcycles; (Z) implement and manage enterprise-wide information technology systems, including systems at its manufacturing facilities; (AA) manage changes and prepare for requirements in legislative and regulatory environments for its products, services and operations; (BB) manage its exposure to product liability claims and commercial or contractual disputes; (CC) continue to manage the relationships and agreements that the company has with its labor unions to help drive long-term competitiveness; (DD) achieve anticipated results with respect to the company’s pre-owned motorcycle program, Harley-Davidson Certified, and the company’s H-D1 Marketplace; (EE) accurately predict the margins of its Motorcycles and Related Products segment in light of, among other things, tariffs, the cost associated with product development initiatives and the company’s complex global supply chain; and (FF) optimize capital allocation in light of the company’s capital allocation priorities.

The company’s operations, demand for its products, and its liquidity could be adversely impacted by work stoppages, facility closures, strikes, natural causes, widespread infectious disease, terrorism, or other factors. Other factors are described in risk factors that the company has disclosed in documents previously filed with the U.S. Securities and Exchange Commission. Many of these risk factors are impacted by the current changing capital, credit and retail markets and the company’s ability to manage through inconsistent economic conditions.

The company’s ability to sell its motorcycles and related products and services and to meet its financial expectations also depends on the ability of the company’s independent dealers to sell its motorcycles and related products and services to retail customers. The company depends on the capability and financial capacity of its independent dealers to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the company. In addition, the company’s independent dealers and distributors may experience difficulties in operating their businesses and selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions, the impact of the COVID-19 pandemic, or other factors.

In recent years, HDFS has experienced historically low levels of retail credit losses, but there is no assurance that this will continue. The company believes that HDFS’ retail credit losses will increase over time due among other things to factors that have contributed recently to low levels of losses, including the favorable impact of recent federal stimulus payments that will not recur.

Additional Information and Where to Find It

In connection with the proposed business combination between LiveWire EV, LLC (“LiveWire”) and AEA-Bridges Impact Corp. (“ABIC”) (the “Business Combination”), LW EV Holdings, Inc. (“HoldCo”) and ABIC intend to file a registration statement on Form S-4 (as may be amended from time to time, the “Registration Statement”) as co-registrants that includes a preliminary proxy statement/prospectus of ABIC and a preliminary prospectus of HoldCo, and after the Registration Statement is declared effective, ABIC will mail a definitive proxy statement/prospectus relating to the Business Combination to ABIC’s shareholders. The Registration Statement, including the proxy statement/prospectus contained therein, when declared effective by the Securities and Exchange Commission (“SEC”), will contain important information about the Business Combination and the other matters to be voted upon at a meeting of ABIC’s shareholders to be held to approve the Business Combination (and related matters). This press release does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. Harley-Davidson, Inc. (“H-D”), HoldCo and ABIC may also file other documents with the SEC regarding the Business Combination. ABIC shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the Business Combination, as these materials will contain important information about H-D, LiveWire, HoldCo, ABIC and the Business Combination.

When available, the definitive proxy statement/prospectus and other relevant materials for the Business Combination will be mailed to ABIC shareholders as of a record date to be established for voting on the Business Combination. Shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed or that will be filed with the SEC by ABIC through the website maintained by the SEC at www.sec.gov, or by directing a request to AEA-Bridges Impact Corp., PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman KY1-1102 Cayman Islands.

Participants in Solicitation

H-D, LiveWire, ABIC and their respective directors and officers may be deemed participants in the solicitation of proxies of ABIC shareholders in connection with the Business Combination. ABIC shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of ABIC and a description of their interests in ABIC is contained in ABIC’s final prospectus related to its initial public offering, dated October 1, 2021 and in ABIC’s subsequent filings with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to ABIC shareholders in connection with the Business Combination and other matters to be voted upon at the ABIC shareholder meeting will be set forth in the Registration Statement for the Business Combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Business Combination will be included in the Registration Statement that ABIC intends to file with the SEC. You may obtain free copies of these documents as described in the preceding paragraph.

Editorial Note: There are no plans for the 2022-model Yamaha Ténéré 700 World Raid to come to America.

Yamaha announce Ténéré 700 World Raid: Fuel your life with a New Horizon

Real adventure. Any distance. No limits.

Forty years ago the original XT600 Ténéré made real adventure a possibility for everyone. Developed from Yamaha’s Dakar race bikes, the first Ténéré literally opened up a new world for any rider with the desire to get away from the ordinary, escape from their comfort zone and see new faraway places.

Since the 1980s many thousands of riders have chosen the Ténéré as their long distance travel companion. During this time Yamaha’s original adventure bike has continuously evolved, and more recently the introduction of the Ténéré 700 has inspired a new generation of riders to chase the Next Horizon.

In a very short period of time the Ténéré 700 has earned the respect of riders all over the globe who appreciate its high torque CP2 engine, versatile chassis and unrivalled durability and reliability. It is a worthy successor to the original bike that changed motorcycling forever, and in just a few years it has become the model of choice for a diverse group of riders who value the accessibility and freedom that it offers. It’s also shown its incredible versatility in the hands of legendary names such as multiple round the world rider Nick Sanders through to extreme enduro legend Pol Tarrés.

Following the huge success of the Ténéré 700 and the Ténéré 700 Rally Edition, Yamaha are now ready to launch the ultimate long distance Yamaha adventure bike that is designed to offer a whole new world of possibilities to everyone who has the spirit of adventure within their soul.

New Ténéré 700 World Raid: Fuel your life with a New Horizon

The Ténéré 700 was just the beginning. Now Yamaha is about to open up a new dimension in adventure riding with the latest Ténéré 700 World Raid – a premium long distance motorcycle that offers excellent on/off road ability combined with outstanding versatility and an enjoyable riding character.

This third member of the Ténéré 700 family brings so much to the world of motorcycling by giving all kinds of riders the chance to live out their dreams. The world has changed dramatically in the last few years, and this motorcycle gives everyone the chance to rediscover the freedoms that were taken for granted.

Equipped to go further than any previous Ténéré, and featuring the most advanced specification that includes state-of-the-art suspension for added confidence and comfort, improved ergonomics, rally-inspired styling and multi-mode instruments with incoming call and text message notifications, the Ténéré 700 World Raid is a motorcycle that can make the world seem a much smaller place.

Twenty-three-litre capacity dual side-mounted fuel tanks

The Ténéré 700 World Raid is Yamaha’s most extreme long distance adventure bike with the ability to go further than ever before. Adventure riders are fearless characters who are always looking for the next challenge, but the one thing that’s always at the back of every long distance rider’s mind is the availability of fuel in a remote environment.

The new 23-litre dual side-mounted fuel tanks are designed to bring peace of mind on the longest trip and eliminate the range anxiety that every rider has experienced when the reserve light starts to flash. In typical usage conditions these new tanks are estimated to be able to give a range of up to 500 km, giving a higher level of autonomy that makes the Ténéré 700 World Raid a master of the wilderness.

The unique twin side-mounted design offers a number of significant advantages compared to simply making the tank higher and wider in order to increase its capacity. By having two separate tanks that are positioned lower,and locating the fuel pump in a lower position in one of the tanks, the bike’s centre of gravity can be kept almost the same as with the existing Ténéré 700 that has a 16-litre tank – helping to maintain agile handling despite the increased weight of a larger fuel load.

The vehicle mass is further centralised, with an ideal weight distribution between front and rear.

An important feature of this new layout is that the highest point on the new twin side-mounted tanks is lower than the top of the tank on the Ténéré 700, reducing the height difference between the tank and seat to give a much flatter profile for increased rider mobility and easier front/rear weight shifting when riding off road.

Another benefit of this dual tank design is that the movement of the fuel is limited, compared to a one big tank layout and this gives benefit especially while cornering. And finally, the Ténéré 700 World Raid’s dual side-mounted fuel tanks are not only a reminder of the bike’s desert rally heritage, but are also clear evidence of the DNA this new adventure model shares with some of Yamaha’s most successful factory race bikes.

Flat seat for improved rider agility

As well as the reduced height of the new dual tank design, the Ténéré 700 World Raid also benefits from a new 890 mm high seat that gives a much flatter profile for a smoother transition between the seat and tank. This design enables the rider to move backwards and forwards with minimal effort when shifting their body weight to maintain control on rough terrain, and the new ergonomics are suited to both sit down and stand up riding positions.

The seat’s two-piece design allows for the easy removal of the rear section to enable the fitment of accessories such as a rack or luggage. The seat is made from two different kinds of leather, with a high grip zone in the centre and a smoother zone that enables freedom of movement while riding.

Five-inch colour TFT meter with mobile connectivity

The new 5” colour TFT meter is linked with the bike’s Communication Control unit (CCU) which talks to the MyRide app, giving connectivity in the form of text message and incoming call notifications that are displayed on the instrument panel – and mobile battery status is displayed as soon as a connection is established.

This connectivity and the ability to identify any technical issues that need rectifying provide added peace of mind and reassurance to adventure riders, especially when they are taking part in long distance trips in unfamiliar territory.

Access to the relevant information is crucial on every long distance expedition, and Ténéré 700 World Raid riders can choose from three different themes on the new 5” colour TFT meter.

The ‘Explorer’ screen layout features a modern digital design that provides all of the machine’s key running data in a contemporary and easy to read style. The ‘Street’ screen features a tachometer with a circular dial and needle that give a more conventional look from the analogue era, and the ‘Raid’ screen is inspired by a typical rally racing roadbook and features two independent countdown tripmeters that enable the rider to see the distance to the next waypoint.

Located to the right of the dashboard area there is a USB type A socket that can power navigation systems or charge mobile devices.

Three-mode on/off road ABS

For optimal controllability in varying riding conditions the new Ténéré 700 World Raid is equipped with three-mode ABS that can be selected when the bike is stationary, via a specific menu available in the meter, operated by the right handle switch. Mode 1 is fully on, with both wheels benefitting from ABS as required legally while riding on public roads. Mode 2 and 3 have been introduced for non-public roads riding. In detail, Mode 2 (new function developed for Ténéré 700 World Raid) is front wheel on, rear wheel off, and this is the recommended mode for terrain such as gravel tracks, where low levels of grip are likely to be experienced. Mode 3 is fully off, suitable for experienced riders who want to enjoy pure off road riding.

The instrument panel shows when Mode 2 and Mode 3 are active, and the rider can return immediately to Mode 1 at any time when moving or standing still by pressing a button on the left side of the instrument panel.

High specification 43 mm KYB front forks, 230 mm travel

For refined off road handling performance the suspension system on the Ténéré 700 World Raid features a number of significant upgrades. Newly designed 43 mm KYB front forks give 230 mm of wheel travel – 20 mm more than the Ténéré 700 – offering increased shock absorption potential on rough terrain. The new forks are equipped with a spring preload adjuster, in addition to the rebound and compression damping adjusters and air bleeding screw already featured on the Ténéré 700, enabling the rider to set the suspension to suit different terrain and loads.

For increased durability with reduced internal friction, the longer travel 43 mm front forks feature a resilient Kashima coating applied on outer tube, with a distinctive dark bronze colour, while lightweight fork internal components are used in order to minimise weight, despite the longer stroke.

Öhlins steering damper

For better controllability – particularly in off road riding situations – an Öhlins steering damper is fitted as standard equipment. Mounting position is close to the top triple clamp, allowing the rider to quickly adjust the unit to his preferred levels of feel and feedback on a variety of terrain, thanks to 18 different damping settings.

Full spec aluminium piggyback rear shock, 220 mm wheel travel

The rear suspension has also been upgraded to match the new front forks, and features a revised linkage design with a piggyback type shock absorber with longer stroke. The rear suspension’s damping characteristics, spring rate and linkage ratios have all been optimised in order to give a comfortable ride on the road together with the ability to take some hard hits during off road exploration.

For consistent damping performance the new shock features an aluminium body for good heat dissipation, while the separate piggyback type oil reservoir prevents cavitation – and like the forks, the new shock gives 20 mm more wheel travel, and is fully adjustable for spring preload, as well as compression and rebound damping.

A new rubber bumper has been introduced as well to increase performance on energy absorption in case of bottoming.

High-torque EU5 CP2 engine

Yamaha’s iconic 689 cc liquid-cooled in-line two-cylinder engine is the driving force behind the new Ténéré 700 World Raid. Featuring a 270° crankshaft that gives it a characteristic uneven firing sequence, this ‘crossplane concept’ CP2 engine is renowned for its strong linear torque output as well as its ultra-responsive and easily-controllable performance that makes it so enjoyable and rewarding to ride at all speeds.

Compact dimensions and low weight make the CP2 unit ideal for the demands and requirements of adventure riding – and with a linear torque delivery providing plenty of low to mid-range pulling power, this rugged, reliable and economical engine is particularly suited to the varied on and off road terrain typically encountered by adventure riders. Already proven with the best-selling Ténéré 700, this engine is one of Yamaha’s most legendary powerplants, with more than 221,000 CP2-engined units sold since introduction.

Ténéré 700 air cleaner box

The Ténéré 700 family has a new air cleaner box, specifically designed to handle the extreme off road terrain that this long distance adventure bike is built for. The Ténéré airbox has been equipped with a forward-facing intake duct that is designed to prevent ingress of dust and debris thrown up by the rear wheel.

Higher windscreen, easy-to-remove side deflectors, LED flashers and front cowling

For additional wind protection on long distance adventures the bike is fitted with a 15 mm taller screen with easy-to-remove side deflectors, and LED flashers are original equipment.

The front panels surrounding the radiator and the interior panel around cockpit area are manufactured from tough fibre glass composite material. These are designed to be able to handle rugged off road riding.

Larger footrests

Yamaha’s designers have developed the Ténéré 700 World Raid to the highest specification without compromise.

New larger footrests underline this close attention to detail. The larger surface area gives greater grip for the rider’s boots, and also reduces pressure on the soles when riding on extreme terrain. A larger surface area also prevents mud and sand build up, and the removable rubber inserts improve the boot/peg stability in wet conditions.

By removing the rubbers inserts, the footpegs become rally-race oriented components, in terms of look and performance.

New three-piece aluminium engine guard

For increased protection when riding off road, the bike is fitted with a new three-piece aluminium engine guard that helps to prevent accidental damage caused by rocks, stones and any other debris. Thanks to new suspensions with longer stroke, ground clearance is 250 mm.

New radiator grille

To ensure that the radiator maintains its high levels of cooling efficiency during off road riding, a new radiator grille is fitted. Featuring vertical louvres like Yamaha’s off road competition models, this new grille is designed to protect the radiator from debris thrown up by the front wheel.

Ténéré 700 World Raid Key Features

23 litre capacity dual side-mounted fuel tanks

Flat Rally inspired two-piece seat

5” colour TFT meter with mobile notification connectivity

USB type A

3-mode switchable ABS

High specification 43 mm KYB front forks, 230 mm travel

Öhlins adjustable steering damper

Aluminium piggyback rear shock, 220 mm wheel travel

High windscreen, easy to remove side deflectors and LED flashers

Fully new cockpit area and new front cowling

New larger rider footrests with easy-to-remove rubber inserts

3-piece aluminium engine guard

New aluminium die-cast engine support

New radiator grille

Ténéré 700 World Raid / Ténéré 700 / Ténéré Rally Edition Shared Features

Quad LED headlights, LED taillight

Position adjustable (5 mm) front mudguard

282 mm dual wave front discs, Brembo calipers, ABS

245 mm rear wave disc, Brembo caliper, ABS

High tensile steel tubular backbone/double cradle frame

Gravity cast aluminium swingarm

36-spoke lightweight aluminium wheels

Tapered aluminium handlebars

Pirelli Scorpion Rally tyres, 90/90-21 front, 150/70-18 rear

High-torque EU5 CP2 engine

Air cleaner box with forward facing intake duct

Ténéré 700 World Raid colours, availability and price

Yamaha will offer the new Ténéré 700 World Raid in two colour options. Icon Blue is inspired by the factory’s competition race bikes, and features blue body panels and side panels with yellow accents, and blue wheel rims. Midnight Black projects a minimalist and serious image, and features an all-black body with black wheel rims.

Deliveries to European Yamaha dealers will commence during May 2022.

Prices vary per region, so please contact the national Yamaha distributor for full information.

Yamaha Genuine Accessories and Adventure Clothing

Yamaha has developed a range of kits and individual Genuine Accessories that enable Ténéré 700 World Raid owners to easily personalise their motorcycle to suit their next adventure.

Customers can order the kits and accessories before collecting their new motorcycle, and have them fitted by their Yamaha dealer. All of the items in the kits can also be purchased individually, and in addition to the kit items, the Genuine Accessory list for all versions of the Ténéré 700 also includes Aluminium Side Cases, Headlight Protector, Waterproof Tank Bag and an Akrapovic Exhaust System.

Yamaha’s Adventure clothing line includes male and female jackets and trousers, as well as a selection of hoodies, T-shirts, gloves and more. The range is constantly evolving, and new products are added throughout the year.

MyGarage app

Yamaha’s MyGarage app is the quick and easy way for customers to build a virtual version of the Ténéré 700 World Raid with a range of Genuine Accessories while sitting at home with their smart phone or laptop. The free App allows users to add and remove accessories to create their ideal machine, and the finished result can be viewed in 3D from every angle.

MyGarage takes the guesswork out of choosing which accessories to fit, and to make things even easier the customer’s final selection can be emailed to their chosen Yamaha dealer who will fit the selected Genuine Accessories to the new Ténéré 700 World Raid.

For full information on Yamaha Genuine Accessories and Apparel or MyGarage please visit www.yamaha-motor.eu/gb

MyRide

Yamaha’s free MyRide app gives all Ténéré 700 World Raid riders the chance to get more enjoyment and information out of every ride, whether it’s a day out or a round-the-world adventure. Available for iOS and Android devices, it tracks and stores every route covered, and enables users to create their own story and add pictures which can be shared on social media.

Exclusively on the Ténéré 700 World Raid, the bike’s CCU works with MyRide to enable connectivity and displays texts and incoming call alerts on the 5” TFT colour display, as well as showing mobile battery status.

MyRide allows Ténéré 700 World Raid riders to review riding statistics including total distance, elevation, top speed, average speed, acceleration and lean angle, and then compare their data with fellow riders. The system can also alert the rider of any technical issues and even report them to a Yamaha dealer or designated contact.