Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q1 2023 Earnings Presentation
13 slides from Bombardier Inc. Class A's earnings presentation, Apr 27, 2023
Slide 1: Financial Results
Financial Results For the first quarter ended March 31st, 2023 April 27th, 2023
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 March 31st REVENUES REVENUES AIRCRAFT BREAKDOWN DELIVERIES1 $1,453M 22 21 $1,246M $1.5B $1.2B 12 14 $885M $1,029M 71% 71% 4,8 G$ (79 %) 6 $361M $424M 8 29% 29% 3 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Manufacturing & Other Aftermarket Large Medium
Slide 4: Earnings
EARNINGS For the three-month periods ended March 31st ADJUSTED EBITDA1 ADJUSTED EBIT1 REPORTED EBIT Adjusted EBITDA margin2 Adjusted EBIT margin2 Reported EBIT margin3 $212M $138M $140M 14.6% 9.5% 9.6% $167M 13.4% $85M $73M 6.8% 5.9% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Note: Chart data m
Slide 5: Adjusted Net Income (Loss), Adjusted EPS and Free Cash Flow (Usage)
ADJUSTED NET INCOME (LOSS), ADJUSTED EPS AND FREE CASH FLOW (USAGE) For the three-month periods ended March 31st ADJUSTED ADJUSTED TOTAL FCF NET INCOME (LOSS)1 EPS2 (USAGE)1,3 $173M $113M $1.06 $(69)M $(247)M $(0.80) Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Note: Chart data may not be to scal
Slide 6: Net Income (Loss) and Diluted EPS
NET INCOME (LOSS) AND DILUTED EPS For the three-month periods ended March 31st NET INCOME DILUTED (LOSS)1 EPS1 $302M $2.98 $(287)M $(3.09) Q1 2022 Q1 2023 Q1 2022 Q1 2023 Notes: Chart data may not be to scale. 1. Only from continuing operations. 6
Slide 7: Slide 7
Slide 8: Financial Performance
FINANCIAL PERFORMANCE For the three-month periods ended March 31st Q1 2023 Q1 2022 Variance Revenues $1,453 $1,246 17% Adjusted EBITDA(1) $212 $167 27% Adjusted EBITDA margin(2) 14.6% 13.4% 120 bps Adjusted EBIT(1) $138 $73 89% Adjusted EBIT margin(2) 9.5% 5.9% 360 bps EBIT $140 $85 65% EBIT margin(
Slide 9: Caution Regarding Non-GAAP and Other Financial Measures
CAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES 9
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 Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 1. Refer to the Consolidated results of operations section for details regarding special items in the MD&A for the first quarter ended March 31st, 2023. 12
Slide 13: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 1. A committed secured revolving credit facility of $300 million which matures in 2027 and is available for cash drawings for the ongoing working capital needs of the Corporation and for issuance of performance letters of credit. This facility