Embraer S.a. · BMFBOVESPA:EMBJ3
Embraer — Q4 2024 Earnings Presentation
21 slides from Embraer's earnings presentation, Feb 27, 2025
Slide 1: Results 4Q & FY 2024
INVESTOR RELATIONS RESULTS 4Q & FY 2024 This information is property of Embraer and cannot be used or reproduced without written permission.
Slide 2: Disclaimer
INVESTOR RELATIONS This information is property of Embraer and cannot be used or reproduced without written permission. DISCLAIMER This conference call may include statements about future events, based on Embraer's expectations and market financial trends. Such statements are subject to uncertaintie
Slide 3: From Harvest Season to Sustainable Growth
FROM HARVEST SEASON TO SUSTAINABLE GROWTH This information is property of Embraer and cannot be used or reproduced without written permission. Successful growth trajectory 2024 Guidance: all operational Financial strength: net and financial figures achieved debt close to zero Record revenue of $6.4
Slide 4: Remarkable 2024 Sales
REMARKABLE 2024 SALES This information is property of Embraer and cannot be used or reproduced without written permission. LARGEST EXECUTIVE DEFENSE BEST COMMERCIAL SERVICES SOLID ORDER: PERFORMANCE: EXPANSION: GROWTH: Flexjet US$7 bn firm order KC-390: Austria, Czech, E175: American Airlines US MRO
Slide 5: Addressing Supply Chain Challenges
ADDRESSING SUPPLY CHAIN CHALLENGES This information is property of Embraer and cannot be used or reproduced without written permission. Strategic Focus CAPABILITY DIGITAL SUPPLY CHAIN BUILDING TRANSFORMATION RECOVERY Training and upskilling Increasing supply chain risk Closely engaging with supplier
Slide 6: Operational Results 4Q & FY 2024
RESULTS 4Q & FY 2024 OPERATIONAL This information is property of Embraer and cannot be used or reproduced without written permission.
Slide 7: Commercial Aviation and Executive Aviation
This information is property of Embraer and cannot be used or reproduced without written permission. COMMERCIAL EXECUTIVE AVIATION AVIATION Revenue +20% yoy in 2024 Revenue +25% yoy in 2024 EBIT $55m (+182% yoy); margin 2.5% (+140bp) EBIT $205m (+62% yoy); margin 11.7% (+270bp) Revenues (US$m) Adj.
Slide 8: Defense & Security and Services & Support
This information is property of Embraer and cannot be used or reproduced without written permission. DEFENSE SERVICES & SECURITY & SUPPORT Revenue +40% yoy in 2024 Revenue +15% yoy in 2024 EBIT $45m (+57% yoy); margin 6.2% (+70bp) EBIT $270m (+25% yoy); margin 16.5% (+130bp) Revenues (US$m) Adj. EBI
Slide 9: Eve's 2024 Achievements
EVE’S 2024 ACHIEVEMENTS This information is property of Embraer and cannot be used or reproduced without written permission. BRAZIL 1ST PROTOTYPE 1ST PROTOTYPE PRODUCTION CERTIFICATION ROLL OUT FLIGHT TESTS CAMPAIGN 1ST DELIVERY FACILITY 2024 2025 2027 CAPITAL PROTOTYPE LOIs–FIRM ORDER ASSEMBLY OF T
Slide 10: Financial Results 4Q & FY 2024
1 0 4Q & FY 2024 RESULTS FINANCIAL This information is property of Embraer and cannot be used or reproduced without written permission.
Slide 11: Deliveries
DELIVERIES This information is property of Embraer and cannot be used or reproduced without written permission. EXECUTIVE COMMERCIAL AVIATION AVIATION 2024:130 +24% 2024: 73 -10% 75 | 55 26 | 47 31 49 44 25 +13% 11 +14% 30 7 22 2023: 115 20 2023: 64 18 19 22 74 | 41 25 | 39 4Q23 4Q24 4Q23 4Q24 Light
Slide 12: Backlog and Net Revenues
BACKLOG NET REVENUES This information is property of Embraer and cannot be used or reproduced without written permission. US$ billion US$ million 2024: 6,395 +41% +17% +21% +50% +67% 2023: 5,268 +70% BREAKDOWN BY BUSINESS 4Q24 1 +15% 10% 20% 31% 39% GUIDANCE 2024: US$6.0 – 6.4 billion Services & Sup
Slide 13: Adjusted EBITDA
ADJUSTED EBITDA This information is property of Embraer and cannot be used or reproduced without written permission. US$ million excludes Eve1 4Q23 4Q24 2023 2024 Adj. EBITDA n/a n/a Adj. EBITDA 562 772 ex-BA agreement ex-BA agreement 10.7% 12.1% Reported EBITDA¹ 281 321 Reported EBITDA¹ 526 881 14.
Slide 14: Adjusted EBIT
ADJUSTED EBIT This information is property of Embraer and cannot be used or reproduced without written permission. US$ million excludes Eve1 BREAKDOWN BY BUSINESS 2024 708 270 206 148 45 55 (16) 4Q23 4Q24 2023 2024 Exec. D&S Com. S&S Other² Non Total Seg.3 Adj. Adj. EBIT n/a n/a Adj. EBIT 350 558 EB
Slide 15: Adjusted FCF and Investments
ADJUSTED FCF INVESTMENTS This information is property of Embraer and cannot be used or reproduced without written permission. US$ million US$ million excludes Eve excludes Eve 414 428 132 190 142 130 996 88 36 676 60 56 684 28 10 150 153 318 46 40 14 18 45 50 4Q23 4Q24 2023 2024 4Q23 4Q24 2023 2024
Slide 16: Adj. Net Results
ADJ. NET RESULTS This information is property of Embraer and cannot be used or reproduced without written permission. US$ million excludes Eve Adj. Net Results n/a Adj. Net Results 80 363 n/a ex-BA agreement ex-BA agreement 1.5% 5.7% Reported Net 193 46 Reported Net 164 353 Results 9.8% 2.0% Results
Slide 17: Liquidity
LIQUIDITY This information is property of Embraer and cannot be used or reproduced without written permission. Strong liquidity and long-term maturities DELEVERAGING US$ million MATURITIES US$ million 570 922 459 363 4Q23 4Q24 2021 2022 2023 2024 Gross Debt w/o Eve Net Debt w/o Eve Net debt w/o Eve
Slide 18: 2025 Guidance
2025 GUIDANCE This information is property of Embraer and cannot be used or reproduced without written permission. DELIVERIES FINANCIALS REVENUE US$ billion COMMERCIAL LOW HIGH AVIATION 7.0 7.5 LOW HIGH ADJ. EBIT MARGIN 77 85 LOW HIGH EXECUTIVE AVIATION 7.5% 8.3% LOW HIGH FREE CASH FLOW US$ million
Slide 19: Closing Remarks
Francisco Gomes Neto - CEO CLOSING REMARKS This information is property of Embraer and cannot be used or reproduced without written permission.
Slide 20: Closing Remarks
CLOSING REMARKS This information is property of Embraer and cannot be used or reproduced without written permission. Sincere appreciation and thank Focus on sales efforts to you for our partners, suppliers achieve better results in 2025 and Embraer family and beyond in all businesses Continuous effo
Slide 21: Thank You!
February 2025 THANK YOU! This information is property of Embraer and cannot be used or reproduced without written permission.