16 slides from Bombardier Inc. Class A's earnings presentation, Feb 9, 2023
Slide 1: Financial Results
Financial Results For the fourth quarter ended December 31st and full year 2022 February 9th, 2023
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: Financial Highlights and Guidance
FINANCIAL HIGHLIGHTS AND GUIDANCE For the fourth quarters and fiscal years ended December 31st Fourth quarters ended Fiscal years ended Original Revised December 31st December 31st 2022 2022 2021 2022 2021 2022 Guidance Guidance Revenues(1) $1.8B $2.7B $6.1B $6.9B > $6.5B > $6.5B Aircraft deliveries
Slide 4: Revenues
REVENUES For the fiscal years ended December 31 st REVENUES1 REVENUES AIRCRAFT BREAKDOWN1 DELIVERIES2 $6.9B $6.9B 120 123 $6.1B $6.1B 66 70 $4.9B $5.4B 80% 78% 4,8 G$ (79 %) 44 50 $1.2B $1.5B 20% 22% 10 3 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 Manufacturing & Other Aftermarket Large Medium
Slide 5: Earnings
EARNINGS For the fiscal years ended December 31 st ADJUSTED EBITDA1,2 ADJUSTED EBIT1,2 REPORTED EBIT1 Adjusted EBITDA margin1,3 Adjusted EBIT margin1,3 Reported EBIT margin1,4 $930M $512M $538M 13.5% 7.4% 7.8% $640M 10.5% $223M $241M 3.7% 4.0% FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 Note: Ch
Slide 6: Free Cash Flow and EPS
FREE CASH FLOW AND EPS For the fiscal years ended December 31 st TOTAL FCF1,2 ADJUSTED EPS1,3,4 DILUTED EPS1,4 $735M $0.74 $(1.67) $100M $(2.87) $(3.66) FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 Note: Chart data may not be to scale. 1. Includes continuing operations only. 2. Non-GAAP financial
Slide 7: 2023 Guidance
2023 GUIDANCE For the fiscal year ended 2023 December 31st 2022 Guidance(1) Aircraft deliveries (in units) 123 > 138 Revenues $6.9B > $7.6B Adjusted EBITDA(2) $930M > $1,125M Adjusted EBITDA margin(3) 13.5% Adjusted EBIT(2) $512M > $695M Adjusted EBIT margin(3) 7.4% Free cash flow(2) $735M > $250M 1
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Slide 9: Financial Performance
FINANCIAL PERFORMANCE For the fiscal years ended December 31st 2022 2021 Variance Revenues(1) $6,913 $6,085 14% Adjusted EBITDA(1)(2) $930 $640 45% Adjusted EBITDA margin(1)(3) 13.5% 10.5% 300 bps Adjusted EBIT(1)(2) $512 $223 130% Adjusted EBIT margin(1)(3) 7.4% 3.7% 370 bps EBIT(1) $538 $241 123%
Slide 10: Financial Performance
FINANCIAL PERFORMANCE For the fourth quarters ended December 31st Q4 2022 Q4 2021 Variance Revenues(1) $2,655 $1,771 50% Adjusted EBITDA(1)(2) $352 $232 52% Adjusted EBITDA margin(1)(3) 13.3% 13.1% 20 bps Adjusted EBIT(1)(2) $211 $113 87% Adjusted EBIT margin(1)(3) 7.9% 6.4% 150 bps EBIT(1) $207 $13
Slide 11: Caution Regarding Non-GAAP and Other Financial Measures
CAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES 11
Slide 12: 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 13: Caution Regarding Non-GAAP and Other Financial Measures
CAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES Adjusted EBIT margin Adjusted EBIT margin is defined as the adjusted EBIT expressed as a percentage of total revenues. Management uses adjusted EBIT margin for purposes of evaluating underlying business performance. Management believes this non
Slide 14: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES (1) Includes continuing operations only. (2) Refer to the Consolidated results of operations section for details regarding special items in the MD&A of the Corporation’s financial report for the fiscal year ended December 31, 2022. (3) As of Ju
Slide 15: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES (1) Includes continuing operations only. (2) Refer to the Consolidated results of operations section for details regarding special items in the MD&A of the Corporation’s financial report for the fiscal year ended December 31, 2022. (3) As of Ju
Slide 16: Reconciliation of Non-GAAP and Other Financial Measures
RECONCILIATION OF NON-GAAP AND OTHER FINANCIAL MEASURES 16