Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q3 2024 Earnings Presentation
15 slides from Bombardier Inc. Class A's earnings presentation, Nov 7, 2024
Slide 1: Financial Results for the third quarter ended September 30th, 2024
Financial Results For the third quarter ended September 30th, 2024 November 7th, 2024
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements This presentation includes forward-looking statements, which may involve, but are not limited to: statements with respect to our objectives, anticipations and outlook or guidance in respect of various financial and global metrics and sources of contributi
Slide 3: Revenues
Revenues For the three-month periods ended September 30th Revenues Revenues Breakdown Aircraft Deliveries Manufacturing and Aftermarket2 Large Medium Other1 31 30 $2.1B $2,073M $1.9B $1,856M 16 13 $1,545M 75% $1,442M 78% 15 17 $528M $414M 25% 22% Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Notes
Slide 4: Earnings
Earnings For the three-month periods ended September 30th Adjusted EBITDA1 Adjusted EBIT1 Reported EBIT Adjusted EBITDA margin2 Adjusted EBIT margin2 Reported EBIT margin3 $201M $307M $193M $285M 9.7% $197M $201M 14.8% 10.4% 15.4% 9.7% 10.6% Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Notes: Cha
Slide 5: Adjusted net income, Adjusted EPS and Free cash flow (usage)
Adjusted net income, Adjusted EPS and Free cash flow (usage) For the three-month periods ended September 30th Adjusted net income1 Adjusted EPS2 FCF (usage)1 $80M $81M $80M $0.74 $0.73 $(127)M Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Notes: Chart data may not be to scale. 1. Non-GAAP financia
Slide 6: Net income and Diluted EPS
Net income and Diluted EPS For the three-month periods ended September 30th Net Income (loss)1 Diluted EPS1 $117M $1.09 $(0.47) $(37)M Q3 2023 Q3 2024 Q3 2023 Q3 2024 Notes: Chart data may not be to scale. 1. Only from continuing operations. 6
Slide 7: Bombardier
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Slide 8: Financial performance
Financial performance For the three-month periods ended September 30th Q3 2024 Q3 2023 Variance Revenues $2,073 $1,856 12% Adjusted EBITDA(1) $307 $285 8% Adjusted EBITDA margin(2) 14.8% 15.4% (60) bps Adjusted EBIT(1) $201 $193 4% Adjusted EBIT margin(2) 9.7% 10.4% (70) bps EBIT $201 $197 2% EBIT m
Slide 9: Caution regarding Non-GAAP Financial Measures
Caution regarding non-GAAP and other financial measures Non-GAAP Financial Measures EBIT excluding certain items which do not reflect the Corporation’s core performance or where their separate presentation will assist users of the consolidated financial statements in understanding the Corporation’s
Slide 10: Caution regarding Non-GAAP and other financial measures
Caution regarding non-GAAP and other financial measures Non-GAAP and other financial measures are measures mainly derived from the consolidated financial statements but are not standardized financial measures under the financial reporting framework used to prepare our financial statements. Therefore
Slide 11: Caution regarding Non-GAAP and other financial measures
Caution regarding non-GAAP and other financial measures Adjusted EBIT margin Adjusted EBIT margin is defined as the adjusted EBIT expressed as a percentage of total revenues. Management uses adjusted EBIT margin for purposes of evaluating underlying business performance. Management believes this non
Slide 12: Reconciliation of adjusted EBIT and adjusted EBITDA
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted EBIT to EBIT and computation of adjusted EBIT margin Three-month periods ended September 30 2024 2023 EBIT $ 201 $ 197 Loss (gain) related to disposal of business(1)(2) — (3) Impairment and program termination (revers
Slide 13: Reconciliation of adjusted net income to net income and adjusted EPS
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted net income to net income and computation of adjusted EPS Three-month periods ended September 30 2024 2023 (per share) (per share) Net income (loss) from continuing operations $ 117 $ (37) Adjustments to EBIT related t
Slide 14: Reconciliation of adjusted EPS to diluted EPS
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted EPS to diluted EPS (in dollars) Three-month periods ended September 30 2024 2023 Diluted EPS from continuing operations $ 1.09 $ (0.47) Impact of adjustments to EBIT related to: Loss (gain) related to disposal of busi
Slide 15: Reconciliation of free cash flow and available liquidity
Reconciliation of non-GAAP and other financial measures Reconciliation of free cash flow (usage) to cash flows from operating activities Three-month periods ended September 30 2024 2023 Cash flows from operating activities - continuing operations $ (81) $ 179 Net additions to PP&E and intangible ass