Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q1 2015 Earnings Presentation
15 slides from Bombardier Inc. Class A's earnings presentation, May 7, 2015
Slide 1: Financial results for the first quarter ended March 31, 2015
FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2015 Presentation to investors, financial analysts and media May 7, 2015
Slide 2: Forward-looking statements
Forward-looking statements This presentation includes forward-looking statements, which may involve, but are not limited to: statements with respect to the Corporation’s objectives, guidance, targets, goals, priorities, market and strategies, financial position, beliefs, prospects, plans, expectatio
Slide 3: Agenda
Agenda Q1 financial highlights Update on business segments and key development programs Looking ahead 2
Slide 4: Highlights of Q1 2015 results
Highlights of Q1 2015 results Revenues EBIT1,3 Free cash flow3 $4.4B $237M -$745M 5.4% 1% vs. Q1 20142 40 bps vs. Q1 2014 $170M vs. Q1 2014 Order backlog Adjusted EPS3 Liquidity $65.8B $0.09 $6.0B ($3.3B) vs. Dec. 31, 2014 13% vs. Q1 2014 $2.2B vs. Dec. 31, 2014 1 EBIT before special items 2 Include
Slide 5: Q1 2015 consolidated financial highlights
Q1 2015 consolidated financial highlights Revenues EBIT before special items 1 Adjusted EPS 1 (in millions of dollars) % QoQ growth (in millions of dollars) % Return on sales (in dollars) % QoQ growth (+8% organic, -7% FX) +1% 3.5 5.0 5.3 5.9 2.6 5.4 +13% 5,960 291 0.12 5,324 257 4,891 4,906 237 0.1
Slide 6: Free cash flow results
Free cash flow results Free cash flow usage1 (in millions of dollars) Three-month periods ended March 31 2015 2014 Variance Net income $100 $115 $(15) Non-cash items Amortization 108 93 15 Deferred income taxes 12 24 (12) Share of income of joint ventures and associates (16) (22) 6 Other 27 6 21 Net
Slide 7: Strong cash position to deliver development programs
Strong cash position to deliver development programs Change in cash balance (in billions of dollars) 1.29 6.02 2.22 -0.12 0.07 4.73 2.49 -0.37 0.82 -0.38 Cash Cash flow Net Equity Debt FX Other Cash Available Liquidity balance from additions financing financing balance revolving March 31, Dec. 31, o
Slide 8: Business segment Q1 2015 financial highlights
Business segment Q1 2015 financial highlights Financial highlights (in millions of dollars) Three-month periods BBA BCA BAES Transportation ended March 31 2015 2014 Variance 2015 2014 Variance 2015 2014 Variance 2015 2014 Variance Revenues $1,537 $1,474 4% $673 $479 41% $471 $470 0% $2,041 $2,267 (1
Slide 9: Business Aircraft update
Q1 2015 – BBA financial highlights Revenues $1,537M 4% Business Aircraft update EBIT1 $107M 7% EBIT1 % 7.0% 20 bps § Great franchise with best-in-class products with our Global, Challenger and Learjet families § Global 7000/8000 will be an exciting addition to our successful Global platform – develo
Slide 10: Commercial Aircraft update
Q1 2015 – BCA financial highlights Revenues $673M 41% Commercial Aircraft update EBIT1 ($10M) nmf EBIT1 % (1.5%) (210 bps) § Confirmed SWISS as first operator of the CS100 with EIS in first half of 2016 § CS100 flight testing progressing well with certification targeted for year-end 2015 § Successfu
Slide 11: Transportation update
Q1 2015 – BT financial highlights Revenues $2,041M (10%) Transportation update EBIT $118M (8%) EBIT % 5.8% 20 bps § Global market leader in rail transportation § Rail transportation business benefits from mega-trends § Preparing for an initial public offering (IPO) of a minority stake in Bombardier
Slide 12: Closing comments
BOMBARDIER the evolution of mobility
Slide 13: Q&A
12 Q&A BOMBARDIER the evolution of mobility
Slide 14: Aircraft program disclaimer; Caution regarding non-GAAP financial measures
Aircraft program disclaimer The CSeries family of aircraft, Global 7000 and Global 8000 aircraft, and Challenger 650 aircraft programs are currently in development, and as such are subject to changes in family strategy, branding, capacity, performance, design and/or systems. All specification and da
Slide 15: Bombardier - the evolution of mobility
BOMBARDIER the evolution of mobility