Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q1 2012 Earnings Presentation
10 slides from Bombardier Inc. Class A's earnings presentation, May 10, 2012
Slide 1: Financial Results for the First Quarter Ended March 31, 2012
FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2012 PRESENTATION TO INVESTORS, FINANCIAL ANALYSTS, AND MEDIA MAY 10, 2012
Slide 2: Forward-Looking Statements
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, markets and strategies, financial position, beliefs, prospects, plans, expectations, anticipat
Slide 3: As Anticipated, Revenues Were Lower in the First Quarter
AS ANTICIPATED, REVENUES WERE LOWER IN THE FIRST QUARTER REVENUES Revenues of $3.5 billion EBIT of $215 million, or 6.1% of revenues $3.5 B Net income of $190 million EPS of $0.10 Free cash flow usage of $712 million EPS Cash position of $3.2 billion as at March 31, 2012 Backlog of $55.2 billion as
Slide 4: Segmented Information
SEGMENTED INFORMATION THREE-MONTH PERIODS ENDED (in millions of dollars) MARCH 31, 2012 APRIL 30, 2011 REVENUES AEROSPACE 1,499 2,188 TRANSPORTATION 2,006 2,473 TOTAL REVENUES 3,505 4,661 EBIT AEROSPACE 91 141 TRANSPORTATION 124 171 TOTAL EBIT 215 312 4
Slide 5: Financial Results Overview
FINANCIAL RESULTS OVERVIEW THREE-MONTH PERIODS ENDED (in millions of dollars, except per share amounts) MARCH 31, 2012 APRIL 30, 2011 REVENUES 3,505 4,661 EBIT 215 312 FINANCING EXPENSE, NET - 36 EBT 215 276 INCOME TAXES 25 56 NET INCOME 190 220 EPS (in dollars) 0.10 0.12 5
Slide 6: Free Cash Flow
FREE CASH FLOW THREE-MONTH PERIODS ENDED (in millions of dollars) MARCH 31, 2012 APRIL 30, 2011 AEROSPACE Cash flows from operating (200) 122 activities Net additions to PPE & (372) (290) intangible assets TOTAL AEROSPACE (572) (168) TRANSPORTATION (100) (168) INTEREST AND TAXES (40) (73) FREE CASH
Slide 7: We Are Proactively Managing Our Liquidity
WE ARE PROACTIVELY MANAGING OUR LIQUIDITY Debt Maturity Profile (notional amount) Short-term Capital Resources (as of March 31, 2012 - in millions of dollars) (as at - in billions of dollars) 4.6 Debt Unchanged by the 4.1 Liability Exercises 0.7 Debt Refinanced with 0.7 0.7 Issuance of New Debt New
Slide 8: We Are Maintaining Our Outlook for 2012
WE ARE MAINTAINING OUR OUTLOOK FOR 2012 Transportation Continue to target an 8% EBIT margin by 2013 Anticipate to generate free cash flow for the year generally in line with profitability Level of new orders expected to translate into a book-to-bill ratio of approximately 1 Aerospace Deliveries of a
Slide 9: Conclusion – 2012 to Be an Exciting Year
CONCLUSION – 2012 TO BE AN EXCITING YEAR We are making progress: The execution issues on three specific contracts at Transportation are getting solved and measures have been taken to avoid such problems in the future Our product developments in Aerospace are progressing well with the assembly of the
Slide 10: Non-GAAP Financial Measure
NON-GAAP FINANCIAL MEASURE CAUTION REGARDING A NON-GAAP FINANCIAL MEASURE This presentation is based on reported earnings in accordance with IFRS and on Free Cash Flow which is not a GAAP financial measure. This measure is mainly derived from the consolidated financial statements, but does not have