Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — FY2023 Earnings Presentation
18 slides from Bombardier Inc. Class A's earnings presentation, Feb 8, 2024
Slide 1: Financial Results
Financial Results For the fourth quarter ended December 31st and full year 2023 February 8, 2024
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 Guidance
FINANCIAL HIGHLIGHTS AND GUIDANCE For the fourth quarters and fiscal years ended December 31st Fourth quarters ended Fiscal years ended December 31st December 31st 2023 Guidance 2022 2023 2022 2023 Revenues $2.7B $3.1B $6.9B $8.0B > $7.6B Aircraft deliveries (in units) 49 56 123 138 > 138 Adjusted E
Slide 4: Revenues
REVENUES For the fiscal years ended December 31st REVENUES REVENUES AIRCRAFT BREAKDOWN DELIVERIES1 $8.0B $8,046M 138 $6.9B $6,913M 123 75 $6,298M 70 $5,405M 78% 78% 50 63 $1,508M $1,748M 22% 22% 3 FY 2022 FY 2023 FY 2022 FY 2023 FY 2022 FY 2023 Manufacturing & Other Aftermarket Large Medium Light No
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 $1,230M $799M $793M 15.3% 9.9% 9.9% $930M $515M $538M 13.5% 7.8% 7.4% FY 2022 FY 2023 FY 2022 FY 2023 FY 2022 FY 2023 Notes: Chart data
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 ADJUSTED TOTAL FCF1,3 NET INCOME1 EPS2 $416M $735M $3.94 $257M $104M $0.77 FY 2022 FY 2023 FY 2022 FY 2023 FY 2022 FY 2023 Notes: Chart data may not be to scale. 1. Non-GAAP financial measure. A no
Slide 7: Net Income (Loss) and Diluted EPS
NET INCOME (LOSS) AND DILUTED EPS For the fiscal years ended December 31st NET INCOME DILUTED (LOSS)1 EPS1 $490M $4.70 $(128)M $(1.67) FY 2022 FY 2023 FY 2022 FY 2023 Notes: Chart data may not be to scale. 1. Only from continuing operations. 7
Slide 8: 2024 Guidance
2024 GUIDANCE For the fiscal year ended 2024 December 31st 2023 Guidance(1) Aircraft deliveries (in units) 138 150 – 155 Revenues $8.0B $8.4B – $8.6B Adjusted EBITDA(2) $1,230M $1.30B – $1.35B Adjusted EBITDA margin(3) 15.3% Adjusted EBIT(2) $799M $850M – $900M Adjusted EBIT margin(3) 9.9% Free cash
Slide 9: Appendix
Slide 10: Financial Performance
FINANCIAL PERFORMANCE For the fiscal years ended December 31st FY 2023 FY 2022 Variance Revenues $8,046 $6,913 16% Adjusted EBITDA(1) $1,230 $930 32% Adjusted EBITDA margin(2) 15.3% 13.5% 180 bps Adjusted EBIT(1) $799 $515 55% Adjusted EBIT margin(2) 9.9% 7.4% 250 bps EBIT $793 $538 47% EBIT margin(
Slide 11: Financial Performance
FINANCIAL PERFORMANCE For the three-month periods ended December 31st Q4 2023 Q4 2022 Variance Revenues $3,062 $2,655 15% Adjusted EBITDA(1) $458 $352 30% Adjusted EBITDA margin(2) 15.0% 13.3% 170 bps Adjusted EBIT(1) $278 $212 31% Adjusted EBIT margin(2) 9.1% 8.0% 110 bps EBIT $211 $207 2% EBIT mar
Slide 12: Caution Regarding Non-GAAP and Other Financial Measures
CAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES Non-GAAP and other financial measures Non-GAAP Financial Measures EBIT excluding certain items which do not reflect the Corporations core performance or where their separate presentation will assist users of the consolidated financial statement
Slide 13: 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 14: 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 15: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 1. Only from continuing operations. 2. Special items and certain items of other expense (income) were mainly reclassified to gain related to disposal of business, impairment and program termination, and restructuring charges, including comparat
Slide 16: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 1. Only from continuing operations. 2. Special items and certain items of other expense (income) were mainly reclassified to gain related to disposal of business, impairment and program termination, and restructuring charges, including comparat
Slide 17: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 1. Only from continuing operations. 2. Special items and certain items of other expense (income) were mainly reclassified to gain related to disposal of business, impairment and program termination, and restructuring charges, including comparat
Slide 18: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 18 1. Only from continuing operations.