14 slides from Bombardier Inc. Class A's earnings presentation, Apr 28, 2016
Slide 1: Financial Results for the First Quarter 2016
© Bombardier Inc. or its subsidiaries. All rights reserved. FINANCIAL RESULTS FOR THE FIRST QUARTER 2016 Stakeholder presentation April 28, 2016
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 the Corporation’s objectives, guidance, targets, goals, priorities, market and strategies, financial position, beliefs, prospects,
Slide 3: Financial Results for the First Quarter 2016 - Alain Bellemare
FINANCIAL RESULTS FOR THE FIRST QUARTER 2016 Alain Bellemare President & Chief Executive Officer Bombardier Inc.
Slide 4: Turnaround plan is gaining traction
Turnaround plan is gaining traction TRANSITIONING TO REBUILDING EARNING POWER AND CASH FLOW © Bombardier Inc. or its subsidiaries. All rights reserved. C Series orders Q1 executed Strong 1.3x on plan book-to-bill in Business Aircraft Decisive actions Cash discipline & Focused on leading to margin Cl
Slide 5: Segmented Results – Q1 2016 Revenues
Segmented Results – Q1 2016 Revenues • Currency translation effect BT $1.9B • Revenue recognition timing under long-term contract accounting © Bombardier Inc. or its subsidiaries. All rights reserved. • New production rates $1.3B BBA 31 Deliveries • Challenger and Global leading the way $3.9B Total
Slide 6: Segmented Results – Q1 2016 EBIT
Segmented Results – Q1 2016 EBIT EBIT EBIT before special items1 • Focused on process BT 1 1.2% 6.1% optimization & cost $130M reduction © Bombardier Inc. or its subsidiaries. All rights reserved. EBIT before special items1 • Positive mix BBA 1 6.3% 6.7% • Business model enhancements $56M EBIT BCA (
Slide 7: Free Cash Flow and Liquidity – Q1 2016
Free Cash Flow and Liquidity – Q1 2016 Free Cash ~$350M to fund GROWTH 1 CFO Flow2 • C Series; ~$200M ($456M) ($750M) © Bombardier Inc. or its subsidiaries. All rights reserved. • BBA development cost – mainly on Global 7000/8000; $153M Liquidity2 • $3.4B; Cash and cash equivalents • $1.0B; Funding
Slide 8: Confidence in 2016 Guidance
Confidence in 2016 Guidance1 Transition Year - Focused on Accelerating Operational Performance © Bombardier Inc. or its subsidiaries. All rights reserved. Revenues EBIT2 FCF3 $16.5B $200M ($1.3B) to to to $17.5B $400M ($1.0B) 1. See Caution regarding Forward-Looking Statements at the beginning of th
Slide 9: Q&A
9 Q&A © Bombardier Inc. or its subsidiaries. All rights reserved.
Slide 10: Appendix
10 Appendix © Bombardier Inc. or its subsidiaries. All rights reserved.
Slide 11: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures © Bombardier Inc. or its subsidiaries. All rights reserved. (1) Non-GAAP measure. Refer to the Non-GAAP Measures section for a definition of this metric and each reporting segment’s Analysis of results section of our MD&A for reconciliations to the most comparable
Slide 12: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures © Bombardier Inc. or its subsidiaries. All rights reserved. (1) Non-GAAP measure. Refer to the Non-GAAP measures section for a definition of these metrics. 12
Slide 13: Aircraft Program Disclaimer
AIRCRAFT PROGRAM DISCLAIMER The C Series family of aircraft and Global 7000 and Global 8000 aircraft programs are currently in development, and as such are subject to changes in family strategy, branding, capacity, performance, design and/or systems. All specifications and data are approximate, may
Slide 14: © Bombardier Inc. or its subsidiaries. All rights reserved.
© Bombardier Inc. or its subsidiaries. All rights reserved.