Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q2 2021 Earnings Presentation
12 slides from Bombardier Inc. Class A's earnings presentation, Aug 5, 2021
Slide 1: Financial Results
Financial Results For the second quarter ended June 30th, 2021 August 5th, 2021
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: Key Priorities
KEY PRIORITIES 2021: A transition year with focus on 4 key areas ▪ Global 7500 learning curve improvement ▪ Increasing productivity and cost reduction ▪ Aftermarket growth ▪ Deleveraging balance sheet 3
Slide 4: Debt Management and Liquidity Update
DEBT MANAGEMENT AND LIQUIDITY UPDATE As at June 30th, 2021 DEBT MATURITY PROFILE PRO FORMA LIQUIDITY (NOTIONAL AMOUNT IN MILLIONS OF DOLLARS) Restricted cash July 2021 Redemptions $2,000 $568 $1,500 $1,321 $1,000 $514 $534 $510 $61 2021 2022 2023 2024 2025 2026 2027 2034 Outstanding Redeemed* Cash o
Slide 5: Revenues
REVENUES For the three-month periods ended June 30th TOTAL REVENUES AIRCRAFT REVENUES1 DISTRIBUTION2 DELIVERIES2 $1.5B $1.2B 19% 3 $0.2B 9 29 17 $1.0B 81% Q2 2020 Q2 2021 Bombardier Divested aviation businesses Aircraft manufacturing Aftermarket Large Medium Light Note: Chart data may not be to scal
Slide 6: Earnings
EARNINGS For the three-month periods ended June 30th ADJUSTED ADJUSTED REPORTED EBITDA1,2 EBIT1,2 EBIT1,2 and Adjusted EBITDA margin and Adjusted EBIT margin and Reported EBIT margin $32M 2.1% $143M $403M 9.4% $(44)M 33.0% (3.6)% $31M $36M 2.5% 2.4% Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 No
Slide 7: Free Cash Flow and EPS
FREE CASH FLOW1 AND EPS For the three-month periods ended June 30th TOTAL Q2 2021 ADJUSTED EPS1,2 FCF1,2 ($0.06) ($0.11) 2020 2021 DILUTED EPS2 $0.06 $0.05 Cash flows Capex2,3 Free Cash from operating Flow1,2 2020 2021 activities2 Note: Chart data may not be to scale. 1. Non-GAAP financial measures.
Slide 8: 2021 Guidance Update
2021 GUIDANCE UPDATE1 2021 Guidance provided in our 2020 Continuing operations only 2021 guidance update Financial Report2 Aircraft deliveries (in units) 110 – 120 ~ 120 Revenues > $5.6 billion > $5.8 billion Adjusted EBIT3 > $100 million > $175 million Adjusted EBITDA3 > $500 million > $575 million
Slide 9: Bombardier
BOMBARDIER Exception
Slide 10: Financial Performance
FINANCIAL PERFORMANCE For the three-month periods ended June 30th Q2 2020 Q2 2021 Variance restated1 Revenues(2) $1,524 $1,223 25% Adjusted EBITDA(2)(3) $143 $31 361% Adjusted EBITDA margin(2)(3) 9.4% 2.5% 690 bps Adjusted EBIT(2)(3) $32 $(44) nmf Adjusted EBIT margin(2)(3) 2.1% (3.6)% 570 bps EBIT(
Slide 11: Caution Regarding Non-GAAP Financial Measures
CAUTION REGARDING NON-GAAP FINANCIAL MEASURES Non-GAAP financial measures Adjusted EBIT EBIT excluding special items. Special items comprise items which do not reflect the Corporation’s core performance or where their separate presentation will assist users of the consolidated financial statements i
Slide 12: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES 12