19 slides from Bombardier Inc. Class A's earnings presentation, Aug 1, 2019
Slide 1: Financial Results for the Second Quarter 2019
b FINANCIAL RESULTS FOR THE SECOND QUARTER 2019 AUGUST 1, 2019
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS b This presentation includes forward-looking statements, which may involve, but are not limited to: statements with respect to our objectives, anticipations and guidance in respect of various financial and global metrics and sources of contribution theret
Slide 3: Leading Businesses with Best-in-Class Products
LEADING BUSINESSES WITH BEST-IN-CLASS PRODUCTS SOLID MARKET INDUSTRY-LEADING STRONG LONG TERM POSITIONS PORTFOLIOS BACKLOGS GROWTH DRIVERS ESTABLISHED STRONG FOUNDATION FOR GROWTH 3 Note: Refer to our disclosure on forward-looking statements and assumptions at the beginning of this presentation
Slide 4: Q2 Consolidated Results
Q2 CONSOLIDATED RESULTS b Three-month period ended June 30 2019 2018 VARIANCE YEAR TO DATE REVENUES $4.3B $4.3B 1% $7.8B KEY HIGHLIGHTS Revenues feature a healthy 9% organic ADJUSTED EBITDA 1 $312M $336M (7)% $578M growth2 year-over-year across the portfolio driven by higher aircraft deliveries, a
Slide 5: Business Aircraft
BUSINESS AIRCRAFT b Q2 FINANCIAL RESULTS REVENUES Three-month period ended June 30 2019 2018 VARIANCE REVENUES $1.4B $1.3B 6% $0.3B 23% ADJUSTED EBITDA 1 $146M $142M 3% Manufacturing ADJUSTED EBIT 1 $97M $111M (13)% $1.4B and Other 1 Services ADJUSTED EBIT MARGIN 7.0% 8.5% (150) bps $1.1B 77% EBIT $
Slide 6: Commercial Aircraft
COMMERCIAL AIRCRAFT b Q2 FINANCIAL RESULTS DELIVERIES 2019 2018 VARIANCE Three-month period ended June 30 REVENUES $516M $616M (16)% 1 6 ADJUSTED EBITDA $17M $(61)M 128% 35% CRJ ADJUSTED EBIT 1 $12M $(66)M 118% 17 Q400 11 1 ADJUSTED EBIT MARGIN 2.3% (10.7)% 1300 bps 65% 3 EBIT $226M $(668)M 134% EBI
Slide 7: Aerostructures & Engineering Services
AEROSTRUCTURES & ENGINEERING SERVICES b Q2 FINANCIAL RESULTS REVENUES Three-month period ended June 30 2019 2018 VARIANCE REVENUES $565M $455M 24% ADJUSTED EBITDA 1 $50M $69M (28)% $223M 39% External ADJUSTED EBIT 1 $37M $57M (35)% $565M Internal $342M 1 61% ADJUSTED EBIT MARGIN 6.5% 12.5% (600) bps
Slide 8: Bombardier Aviation Financials
BOMBARDIER AVIATION FINANCIALS b 2018 2019 Q1 Q2 Q3 Q4 FY Q1 Q2 H1 REVENUES $1,110 $1,307 $1,083 $1,494 $4,994 $970 $1,382 $2,352 BUSINESS AIRCRAFT ADJUSTED EBIT1 98 111 89 122 420 74 97 171 ADJUSTED EBIT % 8.8% 8.5% 8.2% 8.2% 8.4% 7.6% 7.0% 7.3% REVENUES $463 $616 $256 $421 $1,756 $241 $516 $757 CO
Slide 9: Transportation
TRANSPORTATION b Q2 FINANCIAL RESULTS REVENUES Three-month period ended June 30 2019 2018 VARIANCE $0.2B REVENUES $2.2B $2.3B (3)% 9% ADJUSTED EBITDA 1 $146M $232M (37)% $0.5B Rolling Stock 23% and Systems ADJUSTED EBIT 1 $111M $207M (46)% $2.2B Services 1 $1.5B ADJUSTED EBIT MARGIN 5.1% 9.2% (410)
Slide 10: 2019 Guidance Update
2019 GUIDANCE UPDATE b PREVIOUS UPDATED KEY HIGHLIGHTS 2019 GUIDANCE 2019 GUIDANCE Aviation revenues remain largely in line Business Aircraft ~$6.25B with the original guidance range, net of BOMBARDIER fewer CRJ deliveries Commercial Aircraft ~$1.15 AVIATION Aerostructures $2.25 – 2.50 Combined
Slide 11: 2019 Guidance Update
2019 GUIDANCE UPDATE b PREVIOUS UPDATED 2019 GUIDANCE 2019 GUIDANCE Business Aircraft ~7.5% KEY HIGHLIGHTS BOMBARDIER Commercial Aircraft ~$(125)1 AVIATION Aerostructures ~7.5% Aviation adjusted EBIT remains within the ADJUSTED EBIT3 original range AVIATION ~7.0% Transportation adjusted EBIT mar
Slide 12: Positioning for Stronger Financial Performance
POSITIONING FOR STRONGER FINANCIAL PERFORMANCE b FOCUSING ON TRANSITIONING TO A MAINTAINING GROWTH PROGRAMS STRONGER PORTFOLIO FINANCIAL FLEXIBILITY 12
Slide 13: Bombardier
BOMBARDIER
Slide 14: Global 5500, Global 6500, and Global 8000 Aircraft Disclaimer
GLOBAL 5500, GLOBAL 6500, AND GLOBAL 8000 AIRCRAFT DISCLAIMER b The Global 5500, Global 6500 and Global 8000 aircraft are currently in development, and as such are subject to changes in family strategy, branding, capacity, performance, design and/or systems. All specifications and data are approxima
Slide 15: Caution Regarding Non-GAAP Financial Measures
CAUTION REGARDING NON-GAAP FINANCIAL MEASURES b 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 Corp
Slide 16: Reconciliation of Segment to Consolidated Results
RECONCILIATION OF SEGMENT TO CONSOLIDATED RESULTS b 16
Slide 17: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES b 17
Slide 18: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES b 18
Slide 19: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES b 19