Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q1 2021 Earnings Presentation
11 slides from Bombardier Inc. Class A's earnings presentation, May 6, 2021
Slide 1: Financial Results
Financial Results For the first quarter ended March 31st, 2021 May 6th, 2021
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: Key Priorities
KEY PRIORITIES 2021: A transition year with focus on 4 key areas ▪ Global 7500 learning curve improvement ▪ Increasing productivity and cost reduction ▪ Aftermarket growth ▪ Deleveraging balance sheet 3
Slide 4: Debt Management and Liquidity Update
DEBT MANAGEMENT AND LIQUIDITY UPDATE As at March 31st, 2021 DEBT MATURITY PROFILE PRO FORMA LIQUIDITY (NOTIONAL AMOUNT IN MILLIONS OF DOLLARS) $375 Restricted $319 cash $375 Proceeds $226 from Alstom $956 $2,000 shares sale (May 2021) Tender offer (April 2021) $1,500 $1,381 $1,024 $1,000 $548 $250 $
Slide 5: Revenues
REVENUES For the three-month periods ended March 31st TOTAL REVENUES AIRCRAFT REVENUES1 DISTRIBUTION2 DELIVERIES2 $1.5B $1.3B $0.4B 1 20% 9 $1.1B 26 16 80% Q1 2020 Q1 2021 Bombardier Divested aviation businesses Aircraft manufacturing Aftermarket Large Medium Light Note: Chart data may not be to sca
Slide 6: Earnings
EARNINGS For the three-month periods ended March 31st ADJUSTED ADJUSTED REPORTED EBITDA1,2 EBIT1,2 EBIT1,2 and Adjusted EBITDA margin and Adjusted EBIT margin and Reported EBIT margin $123M $29M $105M $86M 9.2% 2.2% 6.9% 5.7% $9M $19M 0.6% 1.4% Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Note: C
Slide 7: Free Cash Flow and EPS
FREE CASH FLOW1 AND EPS For the three-month periods ended March 31st TOTAL Q1 2021 ADJUSTED EPS1,2 FCF1,2 ($0.07) ($0.08) 2020 2021 DILUTED EPS2 ($0.10) ($0.12) Cash flows Capex3 FCF1 from operating (usage) 2020 2021 activities2 Note: Chart data may not be to scale. 1. Non-GAAP financial measures. R
Slide 8: Bombardier
BOMBARDIER Exception
Slide 9: Financial Performance
FINANCIAL PERFORMANCE For the three-month periods ended March 31st Q1 2020 Q1 2021 Variance restated1 Revenues(2) $1,341 $1,522 (12)% Adjusted EBITDA(2)(3) $123 $86 43% Adjusted EBITDA margin(2)(3) 9.2% 5.7% 350 bps Adjusted EBIT(2)(3) $29 $9 222% Adjusted EBIT margin(2)(3) 2.2% 0.6% 160 bps EBIT(2)
Slide 10: Caution Regarding Non-GAAP Financial Measures
CAUTION REGARDING NON-GAAP 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 users of the consolidated financial statements i
Slide 11: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES 11