Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — FY2020 Earnings Presentation
13 slides from Bombardier Inc. Class A's earnings presentation, Feb 11, 2021
Slide 1: Financial Results Fourth Quarter and Full Year 2020
FINANCIAL RESULTS FOURTH QUARTER AND FULL YEAR 2020 FEBRUARY 11, 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: Beginning of a New Journey with a Solid Foundation
BEGINNING OF A NEW JOURNEY WITH A SOLID FOUNDATION UNMATCHED PRODUCT WORLD CLASS CUSTOMER $10.7B MULTI-YEAR 3 PORTFOLIO SERVICE NETWORK BACKLOG
Slide 4: Driving Profitability and Productivity
DRIVING PROFITABILITY AND PRODUCTIVITY Company-wide initiatives - Aiming to generate $400M annually in recurring cash savings by 2023 • Consolidation of Bombardier’s Global aircraft completion work in Montréal • Reviewing options for underutilized hangar and industrial space at our Québec facilities
Slide 5: Pro Forma Cash and Cash Equivalents
PRO FORMA CASH AND CASH EQUIVALENTS Sale of Transportation strengthens liquidity and will allow the Company to begin debt paydown CASH AND CASH EQUIVALENTS ~$5.4B ~$3.6B INCLUDING ~$600M IN ALSTOM SHARES 5.4 $1.8B PROCEEDS FROM THE SALE OF TRANSPORTATION CASH AND CASH EQUIVALENTS- CLOSED ON JANUARY
Slide 6: Financial Results & Outlook
FINANCIAL RESULTS & OUTLOOK For the fourth quarters & fiscal years ended December 31 and 2021 Guidance Fourth Quarters ended December 31 Fiscal Years ended December 31 2021 2020 20191 2020 20191 GUIDANCE Business Aircraft Revenues $2,248 $1,950 $5,592 $5,404 >$5.6B Business Aircraft Deliveries (in u
Slide 7: Bombardier
BOMBARDIER
Slide 8: Financial Results
FINANCIAL RESULTS For the fiscal years ended December 31 2020 2019 Variance restated(1) Revenues(3) $ 6,487 $ 7,488 (13) % Adjusted EBITDA(2)(3) $ 200 $ 684 (71) % Adjusted EBITDA margin(2)(3) 3.1 % 9.1 % (600) bps Adjusted EBIT(2)(3) $ (211) $ 400 nmf Adjusted EBIT margin(2)(3) (3.3) % 5.3 % (860)
Slide 9: Aviation Financial Results
AVIATION FINANCIAL RESULTS For the fiscal years ended December 31 2020 2019 Variance Revenues Business aircraft 5,593 5,417 3% Other aviation 895 2,084 (57)% Total Revenues 6,488 7,501 (14)% Aircraft deliveries (in units) Business aircraft 114 142 (28) Commercial aircraft(1) 5 33 (28) Adjusted EBITD
Slide 10: Caution Regarding Non-GAAP Financial Measures
CAUTION REGARDING NON-GAAP FINANCIAL MEASURES This presentation is based on reported earnings in accordance with IFRS and on the following non-GAAP financial measures: Non-GAAP financial measures Adjusted EBIT EBIT excluding special items. Special items comprise items which do not reflect the Corpor
Slide 11: Reconciliation of Segment to Consolidated Results
RECONCILIATION OF SEGMENT TO CONSOLIDATED RESULTS Fourth quarters ended Fiscal years ended December 31 December 31 2020 2019 (1) 2020 2019 (1) Revenues Aviation $ 2,337 $ 2,413 $ 6,488 $ 7,501 Transportation(1) 2,076 1,793 7,844 8,269 Corporate and Others — (1) (1) (13) 4,413 4,205 14,331 15,757 Rec
Slide 12: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Reconciliation of adjusted EBITDA to EBIT(1) Fourth quarters ended Fiscal years ended December 31 December 31 2020 2019 2020 2019 EBIT $ 433 $ (1,460) $ 912 $ (520) Amortization 164 91 411 283 Impairment charges on PP&E and intangible assets (2) 17 — 42
Slide 13: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Reconciliation of adjusted net loss to net loss and computation of adjusted EPS(1) Fiscal years ended December 31 2020 2019 (per share) (per share) Net loss from continuing operations $ (170) $ (1,541) Adjustments to EBIT related to special items (2) (1,