Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q4 2025 Earnings Presentation
20 slides from Bombardier Inc. Class A's earnings presentation, Feb 12, 2026
Slide 1: Financial Results
Financial Results For the fourth quarter ended December 31st and full year 2025 February 12th, 2026
Slide 2: Caution regarding forward-looking statements disclaimer
Caution regarding forward-looking statements disclaimer This presentation contains forward-looking statements intended to assist investors in understanding our objectives, strategies, and future prospects which may involve, but are not limited to: statements with respect to our objectives, anticipat
Slide 3: Financial Highlights and 2025 Guidance
Financial Highlights and 2025 Guidance For the fourth quarters and fiscal years ended December 31st Fourth quarters ended Fiscal years ended December 31st December 31st 2025 Guidance(1) 2024 2025 2024 2025 Revenues $3.11B $3.69B $8.67B $9.55B > $9.25B Aircraft deliveries (in units) 57 64 146 157 > 1
Slide 4: Revenues
Revenues For the fiscal years ended December 31st Revenues Revenues Breakdown Aircraft Deliveries Manufacturing and Services2 Large Medium Other1 157 $9.6B $9,551M 146 $8.7B $8,665M 71 73 $7,246M $6,629M 76% 77% 86 73 $2,036M $2,305M 23% 24% FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 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 $1,095M $1,108M $1,559M $915M 11.5% 11.6% $1,360M $878M 16.3% 10.6% 15.7% 10.1% FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 Notes: C
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 $7.72 $1,072M $805M $5.16 $547M $232M FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 Notes: Chart data may not be to scale. 1. Non-GAAP financial measure. A non-GAAP
Slide 7: Net income and Diluted EPS
Net income and Diluted EPS For the fiscal years ended December 31st Net income1 Diluted EPS1 $975M $9.41 $370M $3.40 FY 2024 FY 2025 FY 2024 FY 2025 Notes: Chart data may not be to scale. 1. Only from continuing operations. 7
Slide 8: 2026 Guidance
2026 Guidance 2025 2026 Results Guidance(1) Aircraft deliveries (in units) 157 > 157 Revenues $9.55 billion > $10.0 billion Adjusted EBITDA(2) $1,559 million > $1,625 million Adjusted EBITDA margin(3) 16.3% $1,545M 75% Adjusted EBIT(2) $1,442M $1,095 million 78% n/a Adjusted EBIT margin(3) 11.5% Fre
Slide 9: Bombardier
——_ — , 4 Bombardier
Slide 10: Financial performance
Financial performance For the fiscal years ended December 31st FY 2025 FY 2024 Variance Revenues $9,551 $8,665 10% Adjusted EBITDA(1) $1,559 $1,360 15% Adjusted EBITDA margin(2) 16.3% 15.7% 60 bps Adjusted EBIT(1) $1,095 $915 20% Adjusted EBIT margin(2) 11.5% 10.6% 90 bps EBIT $1,108 $878 26% EBIT m
Slide 11: Financial performance
Financial performance For the three-month periods ended December 31st Q4 2025 Q4 2024 Variance Revenues $3,694 $3,108 19% Adjusted EBITDA(1) $658 $513 28% Adjusted EBITDA margin(2) 17.8% 16.5% 130 bps Adjusted EBIT(1) $486 $356 37% Adjusted EBIT margin(2) 13.2% 11.5% 170 bps EBIT $499 $342 46% EBIT
Slide 12: Caution regarding non-GAAP and other 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 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 adjusted EBIT and adjusted 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 2025 2024 2025 2024 EBIT $ 499 $ 342 $ 1,108 $ 878 Restructuring charges (reversals)(1) (13) 4 (13)
Slide 16: Reconciliation of adjusted net income
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 2025 2024 (per share) (per share) Net income from continuing operations $ 653 $ 124 Adjustments to EBIT related to: Restructur
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) Fourth quarters ended December 31 2025 2024 Diluted EPS from continuing operations $ 6.41 $ 1.16 Impact of adjustments to EBIT related to: Restructuring charges (reversals)(1) (0.13) 0.
Slide 18: 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 2025 2024 (per share) (per share) Net income from continuing operations $ 975 $ 370 Adjustments to EBIT related to: Restructuring
Slide 19: Reconciliation of adjusted EPS and free cash flow
Reconciliation of non-GAAP and other financial measures Reconciliation of adjusted EPS to diluted EPS (in dollars) Fiscal years ended December 31 2025 2024 Diluted EPS from continuing operations $ 9.41 $ 3.40 Impact of adjustments to EBIT related to: Restructuring charges (reversals)(1) (0.13) 0.03
Slide 20: Reconciliation of liquidity and adjusted net debt
Reconciliation of non-GAAP and other financial measures Reconciliation of available liquidity to cash and cash equivalents As at December 31, 2025 December 31, 2024 Cash and cash equivalents $ 2,175 $ 1,653 Undrawn amounts under available revolving credit facility(1) 365 429 Available liquidity $ 2,