13 slides from Bombardier Inc. Class A's earnings presentation, Nov 2, 2023
Slide 1: Financial Results
Financial Results For the third quarter ended September 30th, 2023 November 2nd, 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 September 30th REVENUES REVENUES AIRCRAFT BREAKDOWN DELIVERIES $1.9B $1,856M 31 $1.5B $1,455M 25 15 $1,442M 78% 13 $1,083M 74% 16 12 $372M $414M 26% 22% - Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Manufacturing & Other Aftermarket Large Medium Notes:
Slide 4: Earnings
EARNINGS For the three-month periods ended September 30th ADJUSTED EBITDA1 ADJUSTED EBIT1 REPORTED EBIT Adjusted EBITDA margin2 Adjusted EBIT margin2 Reported EBIT margin3 $285M 15.4% $197M $193M $210M 10.4% 10.6% 14.4% $145M $125M 10.0% 8.6% Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Note: Cha
Slide 5: Adjusted Net Income (Loss), Adjusted EPS and Free Cash Flow
ADJUSTED NET INCOME (LOSS), ADJUSTED EPS AND FREE CASH FLOW For the three-month periods ended September 30th ADJUSTED ADJUSTED TOTAL FCF1,3 NET INCOME (LOSS)1 EPS2 $80M $80M $0.73 $52M $(0.10) $(2)M Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Note: Chart data may not be to scale. 1. Non-GAAP fin
Slide 6: Net Income (Loss) and Diluted EPS
NET INCOME (LOSS) AND DILUTED EPS For the three-month periods ended September 30th NET INCOME DILUTED (LOSS)1 EPS1 $27M $0.20 $(0.47) $(37)M Q3 2022 Q3 2023 Q3 2022 Q3 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 September 30th Q3 2023 Q3 2022 Variance Revenues $1,856 $1,455 28% Adjusted EBITDA(1) $285 $210 36% Adjusted EBITDA margin(2) 15.4% 14.4% 100 bps Adjusted EBIT(1) $193 $125 54% Adjusted EBIT margin(2) 10.4% 8.6% 180 bps EBIT $197 $145 36% EBIT
Slide 9: 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 Adjusted EBIT EBIT excluding special items. Special items comprise items which do not reflect the Corporation’s core performance or where their separate presentation will assist
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 September 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