12 slides from Bombardier Inc. Class A's earnings presentation, Aug 2, 2018
Slide 1: Financial Results for the Second Quarter 2018
FINANCIAL RESULTS FOR THE SECOND QUARTER 2018 August 2, 2018 INVESTOR PRESENTATION
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, guidance, targets, goals, priorities, market and strategies, financial position, beliefs, prospects, plans, expect
Slide 3: Our Best Quarter Since Launching Our Turnaround Plan
OUR BEST QUARTER SINCE LAUNCHING OUR TURNAROUND PLAN Q2 2018 HIGHLIGHTS REVENUES $4.3B ↑3% STRONG ORDERS ACROSS ALL SEGMENTS EBITDA $336M ↑7% BEFORE SPECIAL ITEMS1 7.9% MARGIN AIRBUS PARTNERSHIP NOW IN PLACE EBIT $271M ↑18% BEFORE SPECIAL ITEMS1 6.4% MARGIN ~$600M NET PROCEEDS FROM DOWNSVIEW PROPERT
Slide 4: On Track to Deliver on Our 2018 Guidance
ON TRACK TO DELIVER ON OUR 2018 GUIDANCE Q2 2017 Q2 2018 YEAR TO DATE 2018 GUIDANCE (Restated for IFRS15)1 REVENUES $4.1B $4.3B $8.3B $16.5-$17.0B EBITDA $313M $336M $601M $1.25-$1.35B BEFORE SPECIAL ITEMS2 7.6% MARGIN 7.9% MARGIN 7.3% MARGIN EBIT $230M $271M $472M $900M-$1.0B BEFORE SPECIAL ITEMS2
Slide 5: YTD FCF Consistent with Expectations
YTD FCF CONSISTENT WITH EXPECTATIONS H2 - FCF2 GENERATION WORKING CAPITAL CONVERSION SEASONAL Q4 STRENGTH EARNINGS GROWTH & BT DELIVERY CYCLE ++ 2018 FCF TIMING OF 2018 FCF2 $2.8B GUIDANCE CASH ON HAND GLOBAL 7500 (AS OF JUNE 30, 2018) H2 2018 BREAKEVEN H1 2018 GROWTH INVESTMENTS ±$150M1 C SERIES RA
Slide 6: Strong Financial Performance Across All Segments
STRONG FINANCIAL PERFORMANCE ACROSS ALL SEGMENTS Q2 REVENUES EBIT 2 MARGIN 2 HIGHLIGHTS BEFORE SPECIAL ITEMS BEFORE SPECIAL ITEMS 2018 $2.3B $207M 9.2% Revenues increased 11% YoY, 6% organically BT Book-to-bill ratio of 1.1; $34B backlog 2017 $2.0B $223M 10.9% Assuming a 1.15 €/$ rate for the
Slide 7: Solid Progress Executing Our Turnaround Plan
SOLID PROGRESS EXECUTING OUR TURNAROUND PLAN STRONG PERFORMANCE IN POSITIONING THE COMPANY SOLID FOUNDATION H1 2018 FOR THE FUTURE CLEAR PATH FORWARD 7
Slide 8: Slide 8
Slide 9: Global 5500, 6500, 7500 and 8000 Aircraft Disclaimer
GLOBAL 5500, GLOBAL 6500, GLOBAL 7500 AND GLOBAL 8000 AIRCRAFT DISCLAIMER The Global 5500, Global 6500, Global 7500 and Global 8000 aircraft are currently in development, and as such are subject to changes in family strategy, branding, capacity, performance, design and/or systems. All specifications
Slide 10: Reconciliation of Segment to Consolidated Results
RECONCILIATION OF SEGMENT TO CONSOLIDATED RESULTS 1 1 Due to the adoption of IFRS 15, Revenue from contracts with customers. Refer to the Accounting and reporting developments section of Other in the MD&A for details regarding restatements of comparative period figures. 2 2 Refer to the Consolidated
Slide 11: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES 1 1 Due to the adoption of IFRS 15, Revenue from contracts with customers. Refer to the Accounting and reporting developments section of Other in the MD&A for details regarding restatements of comparative period figures. 2 2 Refer to the Consolidated results of op
Slide 12: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES 1 1 Due to the adoption of IFRS 15, Revenue from contracts with customers. Refer to the Accounting and reporting developments section of Other in the MD&A for details regarding restatements of comparative period figures. 2 2 Refer to the Consolidated results of op