Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — FY2021 Earnings Presentation
15 slides from Bombardier Inc. Class A's earnings presentation, Feb 10, 2022
Slide 1: Financial Results
Financial Results For the fourth quarter ended December 31st and full year 2021 February 10th, 2022
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 ▪ Maturing the Global 7500 contribution ▪ Increasing productivity and cost reduction ▪ Aftermarket growth ▪ Deleveraging balance sheet 3
Slide 4: Financial Highlights and Guidance
FINANCIAL HIGHLIGHTS AND GUIDANCE For the fourth quarters and fiscal years ended December 31 st Fourth quarters ended Fiscal years ended December 31st December 31st Original Revised 2021 Guidance 2021 Guidance 2020 2021 2020 2021 Business Aircraft Revenues(1)(2) $2.2B $1.7B $5.6B $6.0B > $5.6B > $5.
Slide 5: Revenues
REVENUES For the fiscal years ended December 31 st REVENUES AIRCRAFT REVENUES1 BREAKDOWN2 DELIVERIES2 $6.5B 120 $6.1B $6.0B 114 $0.9B $0.1B $5.6B 59 66 $4.6B $4.8B $5.6B $6.0B (82%) (79%) 44 44 $1.0B $1.2B (18%) (21%) 11 10 FY 2020 FY 2021 FY 2020 FY 2021 FY 2020 FY 2021 Bombardier Divested aviation
Slide 6: Earnings
EARNINGS For the fiscal years ended December 31 st ADJUSTED EBITDA1,2 ADJUSTED EBIT1,2 REPORTED EBIT1 (Adjusted EBITDA margin)1,3 (Adjusted EBIT margin)1,3 (Reported EBIT margin)1,4 $912M $223M $640M 3.7% 14.1% 10.5% $200M (3.3)% $241M 3.1% 4.0% $(211)M FY 2020 FY 2021 FY 2020 FY 2021 FY 2020 FY 202
Slide 7: Free Cash Flow and EPS
FREE CASH FLOW AND EPS For the fiscal years ended December 31 st TOTAL FCF ADJUSTED EPS1,2 DILUTED EPS1 (USAGE)1,2 $0.1B $(0.15) $(0.08) $(1.9)B $(0.47) $(0.12) FY 2020 FY 2021 FY 2020 FY 2021 FY 2020 FY 2021 Note: Chart data may not be to scale. 1. Includes continuing operations only. 2. Non-GAAP f
Slide 8: 2022 Guidance
2022 GUIDANCE For the fiscal year ended 2022 December 31st 2021 Guidance(1) Aircraft deliveries (in units) 120 > 120 Revenues $6.1B > $6.5B Adjusted EBITDA(2) $640M > $825M (Adjusted EBITDA margin)(3) 10.5% Adjusted EBIT(2) $223M > $375M (Adjusted EBIT margin)(3) 3.7% $100M Free cash flow(2) (includ
Slide 9: Bombardier: Exceptional by design
BOMBARDIER Exceptional by design
Slide 10: Financial Performance (Fiscal Year)
FINANCIAL PERFORMANCE For the fiscal years ended December 31st 2021 2020 Variance Revenues(1) $6,085 $6,487 (6)% Adjusted EBITDA(1)(2) $640 $200 220% Adjusted EBITDA margin(1)(3) 10.5% 3.1% 740 bps Adjusted EBIT(1)(2) $223 $(211) nmf Adjusted EBIT margin(1)(3) 3.7% (3.3)% 700 bps EBIT(1) $241 $912 (
Slide 11: Financial Performance (Fourth Quarter)
FINANCIAL PERFORMANCE For the fourth quarters ended December 31st Q4 2021 Q4 2020 Variance Revenues(1) $1,771 $2,337 (24)% Adjusted EBITDA(1)(2) $232 $(1) nmf Adjusted EBITDA margin(1)(3) 13.1% % nmf Adjusted EBIT(1)(2) $113 $(165) nmf Adjusted EBIT margin(1)(3) 6.4% (7.1)% 1350 bps EBIT(1) $138 $43
Slide 12: Caution Regarding Non-GAAP and Other Financial Measures
CAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES 12
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: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 14
Slide 15: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 15