14 slides from Bombardier Inc. Class A's earnings presentation, Aug 5, 2016
Slide 1: Financial Results for the Second Quarter 2016
© Bombardier Inc. or its subsidiaries. All rights reserved. FINANCIAL RESULTS FOR THE SECOND QUARTER 2016 Stakeholder presentation August 5, 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 Second Quarter 2016 – Alain Bellemare, President and CEO
FINANCIAL RESULTS FOR THE SECOND QUARTER 2016 Alain Bellemare President and Chief Executive Officer Bombardier Inc.
Slide 4: Delivering on Financial Commitments and Milestones
Delivering on Financial Commitments and Milestones REAFFIRMING 2016 GUIDANCE Smooth EIS 127 New C Series Orders © Bombardier Inc. or its subsidiaries. All rights reserved. Completed equity investment Firm Backlog of 300+ C Series begins revenue generation Segment EBIT1 Margins Improved Cash $4.9B >6
Slide 5: H1 Results Supporting Full Year Guidance
H1 Results Supporting Full Year Guidance Q2 2016 H1 2016 2016 GUIDANCE2 © Bombardier Inc. or its subsidiaries. All rights reserved. REVENUES $4.3B $8.2B $16.5B - $17.5B EBIT $106M $236M $200M - $400M before special items1 FCF ($490M) ($1.2B) ($1.3B - $1.0B) 1. Non GAAP measure. See Caution regarding
Slide 6: Segmented Results – Q2 2016
Segmented Results – Q2 2016 Revenues EBIT before special items1 YTD book-to-bill2 of 0.9, BT $2.0B 6.3% continued focus on margins © Bombardier Inc. or its subsidiaries. All rights reserved. YTD book-to-bill3 of 1.0, BBA $1.5B 6.7% strong performance in a 42 deliveries challenging environment Transi
Slide 7: Special Items – Q2 2016
Special Items – Q2 2016 STRATEGIC DECISIONS IN SUPPORT OF OUR TURNAROUND © Bombardier Inc. or its subsidiaries. All rights reserved. C Series Contract Ongoing Workforce Learjet 85 Provision Optimization Provision Reversal Charge ($492M) ($44M) $54M Pension Liability Tax Litigation Gain Provision $13
Slide 8: Cash Performance on Plan for 2016
Cash Performance on Plan for 2016 SOLID LIQUIDITY POSITION AHEAD OF SEASONALLY STRONG H2 ~$430M to fund GROWTH © Bombardier Inc. or its subsidiaries. All rights reserved. Q2 • C Series; ~$270M • BBA tooling – mainly on Global 7000/8000; ~$160M $490M FCF Usage1 Full Year Guidance3 $1.0B 1 FCF Usage Y
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 Reconciliation of segment to consolidated results Three-month periods Six-month periods ended June 30 ended June 30 2016 2015 2016 2015 Revenues Business Aircraft $ 1,473 $ 1,815 $ 2,776 $ 3,352 Commercial Aircraft 764 598 1,380 1,271 Aerostructures and Engineerin
Slide 12: Reconciliation of Non-GAAP Measures (Con’t)
Reconciliation of Non-GAAP Measures (Con’t) Reconciliation of free cash flow usage to cash flows from operating activities Three-month periods Six-month periods ended June 30 ended June 30 2016 2015 2016 2015 © Bombardier Inc. or its subsidiaries. All rights reserved. Cash flows from operating activ
Slide 13: Aircraft Program Disclaimer
AIRCRAFT PROGRAM DISCLAIMER The CS300, 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 change without notice and
Slide 14: © Bombardier Inc. or its subsidiaries. All rights reserved.
© Bombardier Inc. or its subsidiaries. All rights reserved.