Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — FY2024 Earnings Presentation
18 slides from Bombardier Inc. Class A's earnings presentation, Feb 6, 2025
Slide 1: Financial Results
Financial Results For the fourth quarter ended December 31st and full year 2024 February 6th, 2025
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: Financial Highlights and 2024 Guidance
Financial Highlights and 2024 Guidance For the fourth quarters and fiscal years ended December 31st Fourth quarters ended Fiscal years ended December 31st December 31st 2024 Guidance(1) 2023 2024 2023 2024 Revenues $3.1B $3.1B $8.0B $8.7B $8.4B- $8.6B Aircraft deliveries (in units) 56 57 138 146 150
Slide 4: Revenues
Revenues For the fiscal years ended December 31st Revenues Revenues Breakdown Aircraft Deliveries Manufacturing and Services2 Large Medium Other1 146 $8.7B $8,665M 138 $8.0B $8,046M 63 73 $6,629M 77% $6,298M 78% 75 73 $2,036M $1,748M 23% 22% FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Notes: Cha
Slide 5: Earnings
Earnings For the fiscal years ended December 31st Adjusted EBITDA1 Adjusted EBIT1 Reported EBIT Adjusted EBITDA margin2 Adjusted EBIT margin2 Reported EBIT margin3 $915M $878M $1,360M $1,230M $799M 10.6% $793M 10.1% 15.7% 9.9% 9.9% 15.3% FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Notes: Chart d
Slide 6: Adjusted net income, Adjusted EPS and Free cash flow
Adjusted net income, Adjusted EPS and Free cash flow For the fiscal years ended December 31st Adjusted Net Income1 Adjusted EPS2 FCF1 $5.16 $547M $257M $232M $3.94 $416M FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Notes: Chart data may not be to scale. 1. Non-GAAP financial measure. A non-GAAP f
Slide 7: Net income and Diluted EPS
Net income and Diluted EPS For the fiscal years ended December 31st Net Income1 Diluted EPS1 $4.70 $490M $370M $3.40 FY 2023 FY 2024 FY 2023 FY 2024 Notes: Chart data may not be to scale. 1. Only from continuing operations. 7
Slide 8: Bombardier
——_ — , 4 Bombardier
Slide 9: Financial performance
Financial performance For the fiscal years ended December 31st FY 2024 FY 2023 Variance Revenues $8,665 $8,046 8% Adjusted EBITDA(1) $1,360 $1,230 11% Adjusted EBITDA margin(2) 15.7% 15.3% 40 bps Adjusted EBIT(1) $915 $799 15% Adjusted EBIT margin(2) 10.6% 9.9% 70 bps EBIT $878 $793 11% EBIT margin(
Slide 10: Financial performance
Financial performance For the three-month periods ended December 31st Q4 2024 Q4 2023 Variance Revenues $3,108 $3,062 2% Adjusted EBITDA(1) $513 $458 12% Adjusted EBITDA margin(2) 16.5% 15.0% 150 bps Adjusted EBIT(1) $356 $278 28% Adjusted EBIT margin(2) 11.5% 9.1% 240 bps EBIT $342 $211 62% EBIT ma
Slide 11: 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 12: 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 13: 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 14: Reconciliation of adjusted EBIT and EBITDA
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted EBIT to EBIT and computation of adjusted EBIT margin Fourth quarters ended Fiscal years ended December 31 December 31 2024 2023 2024 2023 EBIT $ 342 $ 211 $ 878 $ 793 Restructuring charges (reversals)(1) 4 1 3 1 Loss
Slide 15: Reconciliation of adjusted net income (Q4)
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted net income to net income and computation of adjusted EPS Fourth quarters ended December 31 2024 2023 (per share) (per share) Net income from continuing operations $ 124 $ 215 Adjustments to EBIT related to: Restructur
Slide 16: Reconciliation of adjusted net income (fiscal year)
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted net income to net income and computation of adjusted EPS Fiscal years ended December 31 2024 2023 (per share) (per share) Net income from continuing operations $ 370 $ 490 Adjustments to EBIT related to: Restructuring
Slide 17: Reconciliation of adjusted EPS to diluted EPS
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted EPS to diluted EPS (in dollars) Fiscal years ended December 31 2024 2023 Diluted EPS from continuing operations $ 3.40 $ 4.70 Impact of adjustment to EBIT related to: Restructuring charges (reversals)(1) 0.03 0.01 Los
Slide 18: 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 Fourth quarters ended Fiscal years ended December 31 December 31 2024 2023 2024 2023 Cash flows from operating activities - continuing operations $ 860 $ 740 $ 405