Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q2 2023 Earnings Presentation
13 slides from Bombardier Inc. Class A's earnings presentation, Aug 3, 2023
Slide 1: Financial Results
Financial Results For the second quarter ended June 30th, 2023 August 3rd, 2023
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: Revenues
REVENUES For the three-month periods ended June 30th REVENUES REVENUES AIRCRAFT BREAKDOWN DELIVERIES $1,675M $1.7B $1,557M 28 29 $1.6B $1,247M 14 $1,198M 74% 16 77% 15 $428M 12 $359M 23% 26% - Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023 Manufacturing & Other Aftermarket Large Medium Notes: Chart
Slide 4: Earnings
EARNINGS For the three-month periods ended June 30th ADJUSTED EBITDA1 ADJUSTED EBIT1 REPORTED EBIT Adjusted EBITDA margin2 Adjusted EBIT margin2 Reported EBIT margin3 $190M $275M 16.4% 11.3% $245M 14.6% $201M 12.9% $103M 6.6% $101M 6.5% Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023 Note: Chart dat
Slide 5: Adjusted Net Income (Loss), Adjusted EPS and Free Cash Flow (Usage)
ADJUSTED NET INCOME (LOSS), ADJUSTED EPS AND FREE CASH FLOW (USAGE) For the three-month periods ended June 30th ADJUSTED ADJUSTED TOTAL FCF NET INCOME (LOSS)1 EPS2 (USAGE)1,3 $341M $80M $0.72 $(0.48) $(38)M $(222)M Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023 Note: Chart data may not be to scale.
Slide 6: Net Income (Loss) and Diluted EPS
NET INCOME (LOSS) AND DILUTED EPS For the three-month periods ended June 30th NET INCOME DILUTED (LOSS)1 EPS1 $10M $0.03 $(1.22) $(109)M Q2 2022 Q2 2023 Q2 2022 Q2 2023 Notes: Chart data may not be to scale. 1. Only from continuing operations. 6
Slide 7: Slide 7
Slide 8: Financial Performance
FINANCIAL PERFORMANCE For the three-month periods ended June 30th Q2 2023 Q2 2022 Variance Revenues $1,675 $1,557 8% Adjusted EBITDA(1) $275 $201 37% Adjusted EBITDA margin(2) 16.4% 12.9% 350 bps Adjusted EBIT(1) $190 $103 84% Adjusted EBIT margin(2) 11.3% 6.6% 470 bps EBIT $245 $101 143% EBIT margi
Slide 9: Caution Regarding Non-GAAP and Other Financial Measures
CAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES 9
Slide 10: 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 11: 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 12: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 12 1. Refer to the Consolidated results of operations section for details regarding special items in the MD&A of the Corporation’s financial report for the three-month period ended June 30, 2023.
Slide 13: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 1. A committed secured revolving credit facility of $300 million which matures in 2027 and is available for cash drawings for the ongoing working capital needs of the Corporation and for issuance of performance letters of credit. This facility