Embraer S.a. · BMFBOVESPA:EMBJ3
Embraer — Q3 2023 Earnings Presentation
14 slides from Embraer's earnings presentation, Nov 6, 2023
Slide 1: Adjusted Net Income (loss)
2 Adjusted Net Income (loss) is a non-GAAP measure, calculated by adding Net Income attributable to Embraer Shareholders plus Deferred income tax and social contribution for the period, in addition to adjusting for non-recurring items. Under IFRS for Embraer’s Income Tax benefits (expenses) the Comp
Slide 2: 3Q23 Adjusted EBIT and net income
Excluding the above special items, 3Q23 Adjusted EBIT was US$ 100.1 million and Adjusted EBIT margin was 7.8%. On a YoY basis, 3Q Adjusted EBIT increased due to higher volumes in Commercial and Executive Aviation and better performance on Defense. Adjusted EBIT is trending to a strong performance in
Slide 3: Adjusted Net Income (loss) is a non-GAAP measure
¹ Adjusted Net Income (loss) is a non-GAAP measure, calculated by adding Net Income attributable to Embraer Shareholders plus Deferred income tax and social contribution for the period, in addition to adjusting for non-recurring items. Under IFRS for Embraer’s Income Tax benefits (expenses) the Comp
Slide 4: Deleveraging - net debt
“a milions of US dolare Ol mM to DELEVERAGING -us$ mition == ana Eas = ae ranean en Gx| Loans short-term 854.5 280.2 1116 28x, oe en 2 rd a ee - — : rm PES weve side — see ald ii | — STS] — —— aT mina a (1) Derived tom unaucited financial infomation. * Net debt = cash and cash equivalents plus nan ‘
Slide 5: EVE's cash and maturities notes
¹EVE’s Cash = Cash and cash equivalents plus financial investments and intercompany loan receivable 2 Maturities = Do not consider accrued interest and deferred costs *All numbers from EVE are IFRS
Slide 6: CAPEX and investments
a) a) a) 4022 107 207 CAREX 73 CContocied CAPEX Indded in CAPEX) p Adaions of Poal programe spare parts 244 PPaE a7 Proceeds for sat of PPSE. (03) Net Addons to PPE rt () a) a a 202 4022 101 20 asters to riangtie (Netof contains fom suet) 252 5 23 ae Reseach 230 387 28 28 aD. 572 25 at a7 Adaions to
Slide 7: Total Backlog
Total Backlog Firm order backlog ended 3Q23 at US$ 17.8 billion, a US$ 500 million increase versus the second quarter. This volume represents the highest level of the company’s backlog in one year, driven by higher sales in Commercial Aviation while Defense and Executive Aviation remained stable. Se
Slide 8: Consolidated Statements of Income
EMBRAER S.A CONSOLIDATED STATEMENTS OF INCOME (in milions of U.S.dollars, except earnings per share) a “ ‘Three months ended on Nine Months Ended 30 Sep, 2022 30 Sep, 2023 30 Sep, 2022 30 Sep, 2023 Revenue 928.0 12044 2548.8 3.2934 Cost of sales and services 751.8) (1,051.3) 0174) 27233) Gross profi
Slide 9: Consolidated Statements of Cash Flows
EMBRAER S.A. (CONSOLIDATED STATEMENTS OF CASH FLOWS (io milions of U.S dollars) o “Three Months Ended ‘Wi Sep, 2022 30 Sep, 2023 ‘Operating activities Net income (ss) for the period (ata) 43 288) ms) ‘Adjustment to net income for items not affecting cash Depreciation of property plant and equipment
Slide 10: Consolidated Statement of Financial Position - Assets
EMBRAER S.A. CONSOLIDATED STATEMENT OF FINANCIAL POSITION {in millions of U.S. dollars) () (1) ASSETS ‘As of June30, As of September 30, 2023 20. Current Cash and cash equivalents 1,356.8 1,030.5, Financial investments 768.4 551.7 Trade accounts receivable, net 208.8 263.5 Derivative financial instr
Slide 11: Consolidated Statement of Financial Position - Liabilities
EMBRAER S.A. CONSOLIDATED STATEMENT OF FINANCIAL PO SITION () (1) As of June 3 ‘As of September 2023, 2023 Current Trade accounts payable 819.8 8816 Trade accounts payable - Supplier finance 297 374 Lease labilties 115 122 Loans and financing 854.5 1116 Other payables 348.7 3689 Contract liabilties
Slide 12: Adjusted EBIT and EBITDA Reconciliation
a a a ‘ADJUSTED EBIT RECONCILIATION xs 2 2 Operating prot (oss) before fears neome (E817) 32 Tt aaa 10S Mark to market of Repubic shares 200 1) (te) Espenses related to Eve's Business 520 eSB EVE Warrants (os) 132 i ‘Adjusted EBIT ss 83 toot teat ‘usted EBT marine 77 ese ree 1) Barve rom unauated na
Slide 13: Ratios
Ratios based on “NON-GAAP” information
Slide 14: Ratio definitions and notes
(i) Total debt represents short and long-term loans and financing INCLUDING EVE (USD billion). (ii) Net debt represents cash and cash equivalents, plus financial investments, minus short and long-term loans and financing. (iii) Net debt w/o EVE represents cash and cash equivalents, plus financial in