Embraer 2 q15_results_final
0 likes313 views
This document provides Embraer's earnings results for the 2nd quarter of 2015. It summarizes key highlights including record backlog, positive free cash flow, and net income. The outlook for 2015 is also revised with increased guidance for net revenues, EBITDA, and EBIT. Overall the document presents Embraer's financial performance and outlook in a favorable light with continued growth.
More Related Content
Similar to Embraer 2 q15_results_final (20)
![UNIT 3 INTERNATIONAL BUSINESS [Autosaved].pptx](https://cdn.slidesharecdn.com/ss_thumbnails/unit3internationalbusinessautosaved-250828123159-46ee6bdc-thumbnail.jpg?width=560&fit=bounds)
Embraer 2 q15_results_final
- 1. This information is property of Embraer and can not be used or reproduced without written permission. 2nd QUARTER 2015 EARNINGS RESULTS JULY 30, 2015
- 2. This information is property of Embraer and can not be used or reproduced without written permission. This presentation includes forward-looking statements or statements about events or circumstances which have not occurred. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting our business and our future financial performance. These forward- looking statements are subject to risks, uncertainties and assumptions, including, among other things: general economic, political and business conditions, both in Brazil and in our market. The words “believes,” “may,” “will,” “estimates,” “continues,” “anticipates,” “intends,” “expects” and similar words are intended to identify forward- looking statements. We undertake no obligations to update publicly or revise any forward-looking statements because of new information, future events or other factors. In light of these risks and uncertainties, the forward- looking events and circumstances discussed in this presentation might not occur. Our actual results could differ substantially from those anticipated in our forward-looking statements FORWARD LOOKING STATEMENT
- 3. This information is property of Embraer and can not be used or reproduced without written permission.3 HIGHLIGHTS RECORD BACKLOG OF US$ 22.9 BILLION IN 2Q15. FREE CASH FLOW OF US$ 73 MILLION IN 2Q15. OPERATING INCOME OF U$ 102 MILLION IN 2Q15. NET INCOME AND EPADS OF US$ 129 MILLION AND US$ 0.7096 IN 2Q15. ISSUANCE OF US$ 1.0 BILLION IN NOTES DUE IN 2025 (COUPON 5.05%). 2015 GUIDANCE REVISION.
- 4. This information is property of Embraer and can not be used or reproduced without written permission.4 DELIVERY OF 27 E-JETS (47 YTD) AND 102 FIRM ORDERS (124 YTD) IN 2Q15. AZUL FIRM ORDER FOR 30 E-JETS E2. CHINA’S TIANJIN AIRLINES ORDER FOR 20 E195 AND TWO E190-E2. SKYWEST ORDER FOR EIGHT E175 (FLY FOR ALASKA AIRLINES). AIRCASTLE FIRM ORDER FOR 25 E-JET E2. CHINA’S COLORFUL GUIZHOU AIRLINES FIRM ORDER FOR SEVEN E190. UNITED AIRLINES TO ADD 10 E175. START OF ASSEMBLY OF FIRST E190-E2 PROTOTYPE. HIGHLIGHTS
- 5. This information is property of Embraer and can not be used or reproduced without written permission.5 HIGHLIGHTS DELIVERY OF 33 EXECUTIVE JETS (26 LIGHT AND 7 LARGE) IN 2Q15 (36 AND 9 YTD). DELIVERY OF THE 100TH PHENOM JET ASSEMBLED IN THE MELBOURNE FACILITY. ETIHAD FLIGHT COLLEGE FIRM ORDER FOR FOUR PHENOM 100E JETS. LEGACY 500 SET FOUR NEW WORLD SPEED RECORDS. LEGACY 450 ON TRACK FOR EIS IN 4Q15.
- 6. This information is property of Embraer and can not be used or reproduced without written permission.6 HIGHLIGHTS GHANA AIR FORCE ORDERED FIVE A-29 SUPER TUCANOS. REPUBLIC OF MALI SIGNED AN ORDER FOR SIX A-29 SUPER TUCANOS. DELIVERY OF THREE A-29 SUPER TUCANOS TO U.S. AIR FORCE (EIGHT TO DATE). FIRST MODERNIZED AF-1B JET FIGHTER DELIVERED TO THE BRAZILIAN NAVY. START OF KC-390 FLIGHT TEST CAMPAIGN IN 3Q15. KC-390 CERTIFICATION EXPECTED BY 2H17, WITH FIRST DELIVERIES IN 1H18.
- 7. This information is property of Embraer and can not be used or reproduced without written permission. FINANCIAL RESULTS
- 8. This information is property of Embraer and can not be used or reproduced without written permission. NET REVENUES US$ 6.1 – 6.6 BILLION 8 2015 OUTLOOK REVISION NET REVENUES US$ 1.10 – 1.25 BILLION US$ 5.8 – 6.3 BILLION EBITDA MARGIN 12.0% – 13.0% EBITDA US$ 730 – 860 MILLION EBIT MARGIN 8.0% – 8.5% EBIT US$ 490 – 560 MILLION 12.6% – 13.6% US$ 730 – 860 MILLION 8.5% – 9.0% US$ 490 – 560 MILLION US$ 0.80 – 0.95 BILLION CURRENT OUTLOOK NEW OUTLOOK
- 9. This information is property of Embraer and can not be used or reproduced without written permission. FIRM ORDER BACKLOG 18.1 22.1 20.9 20.4 22.9 2Q14 3Q14 4Q14 1Q15 2Q15 9 US$ BILLION
- 10. This information is property of Embraer and can not be used or reproduced without written permission. 7 14 2 7 22 15 38 10 26 2Q14 3Q14 4Q14 1Q15 2Q15 29 19 30 20 27 2Q14 3Q14 4Q14 1Q15 2Q15 AIRCRAFT DELIVERIES 10 36YTD: 9 LARGE JETS - LEGACY & LINEAGE LIGHT JETS - PHENOM YTD: 47 95 - 100 E-JETS 35 - 40 EXECUTIVE LARGE JETS 80 - 90 EXECUTIVE LIGHT JETS 2015 OUTLOOK:
- 11. This information is property of Embraer and can not be used or reproduced without written permission. 357 346 359 213 216 2Q14 3Q14 4Q14 1Q15 2Q15 421 213 690 167 404 2Q14 3Q14 4Q14 1Q15 2Q15 972 661 975 662 883 2Q14 3Q14 4Q14 1Q15 2Q15 1,761 1,240 2,045 1,056 1,513 2Q14 3Q14 4Q14 1Q15 2Q15 NET REVENUES BY SEGMENT OUTLOOK: US$ 1.70 – 1.85 BILLION OUTLOOK: US$ 0.80 – 0.95 BILLION OUTLOOK: US$ 3.20 – 3.40 BILLIONOUTLOOK: US$ 5.80 – 6.30 BILLION 11 YTD: 2.57 BILLION YTD: 1.54 BILLION YTD: 0.57 BILLION YTD: 0.43 BILLION
- 12. This information is property of Embraer and can not be used or reproduced without written permission. US$ MILLION R$ MILLION 12 NET REVENUES - CONSOLIDATED 2015 OUTLOOK: US$ 5.8 – 6.3 BILLION 3,929 2,827 5,251 3,068 4,661 2Q14 3Q14 4Q14 1Q15 2Q15 1,761 1,240 2,046 1,056 1,513 2Q14 3Q14 4Q14 1Q15 2Q15 YTD: 7,730YTD: 2,569
- 13. This information is property of Embraer and can not be used or reproduced without written permission. 257 226 289 248 308 118 118 141 124 143 2Q14 3Q14 4Q14 1Q15 2Q15 430 372 451 344 375 SELLING EXPENSESG&A EXPENSES 13 SG&A EXPENSES US$ MILLION R$ MILLION 115 99 113 86 100 53 52 55 43 47 2Q14 3Q14 4Q14 1Q15 2Q15 151 168168 147 129 YTD: 823YTD: 276
- 14. This information is property of Embraer and can not be used or reproduced without written permission. 417 157 515 229 316 10.6% 5.6% 9.8% 7.5% 6.8% 2Q14 3Q14 4Q14 1Q15 2Q15 187 68 196 80 102 10.6% 5.5% 9.6% 7.5% 6.8% 2Q14 3Q14 4Q14 1Q15 2Q15 14 INCOME FROM OPERATIONS (EBIT) 2015 OUTLOOK: US$ 490 – 560 MILLION | 8.5% – 9.0% US$ MILLION R$ MILLION EBIT EBIT MARGIN YTD: 545 | 7.1%YTD: 182 | 7.1%
- 15. This information is property of Embraer and can not be used or reproduced without written permission. 261 136 281 149 178 14.8% 11.0% 13.8% 14.1% 11.7% 2Q14 3Q14 4Q14 1Q15 2Q15 15 EBITDA 2015 OUTLOOK: US$ 730 – 860 MILLION | 12.6% – 13.6% US$ MILLION R$ MILLION EBITDA EBITDA MARGIN 583 311 732 429 548 14.8% 11.0% 13.9% 14.0% 11.8% 2Q14 3Q14 4Q14 1Q15 2Q15 YTD: 977 | 12.6%YTD: 327 | 12.7%
- 16. This information is property of Embraer and can not be used or reproduced without written permission.16 NET INCOME US$ MILLION R$ MILLION NET MARGINNET INCOME 320 (24) 242 (196) 400 8.1% -0.9% 4.6% -6.4% 8.6% 2Q14 3Q14 4Q14 1Q15 2Q15 143 (11) 91 (62) 129 8.1% -0.9% 4.5% -5.8% 8.5% 2Q14 3Q14 4Q14 1Q15 2Q15 YTD: 203 | 2.6%YTD: 68 | 2.6%
- 17. This information is property of Embraer and can not be used or reproduced without written permission. 2Q14 3Q14 4Q14 1Q15 2Q15 2015 YTD NET CASH GENERATED (USED) BY OPERATING ACTIVITIES* 13 49 507 (291) 245 (47) NET ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (60) (89) (87) (57) (74) (132) ADDITIONS TO INTANGIBLE ASSETS (103) (97) (132) (91) (98) (189) FREE CASH FLOW (150) (138) 288 (440) 73 (367) 13 49 507 (291) 245 (60) (89) (87) (57) (74) (103) (97) (132) (91) (98) (150) (138) 288 (440) 73 2Q14 3Q14 4Q14 1Q15 2Q15 17 FREE CASH FLOW * Net of Financial assets adjustment 2015 OUTLOOK: FCF > (US$ 100) MILLION YTD: (367)US$ MILLION
- 18. This information is property of Embraer and can not be used or reproduced without written permission. 2015 OUTLOOK: US$ 650 MILLION 18 84 94 50 300 300 RESEARCH DEVELOPMENT CAPEX 2015 OUTLOOK2015 YTD 18 INVESTMENTS YTD: 196US$ MILLION
- 19. This information is property of Embraer and can not be used or reproduced without written permission. 96% 96% 96% 89% 90% 4% 4% 4% 11% 10% 5.7 5.6 5.4 5.3 6.5 2Q14 3Q14 4Q14 1Q15 2Q15 INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION LONG-TERM SHORT-TERM LOANS AVERAGE MATURITY (YEARS) 19 INDEBTEDNESS PROFILE | NET CASH TOTAL DEBT 2Q15: US$ 3.53 BILLION TOTAL CASH 2Q15: US$ 3.02 BILLION (114) (327) (85) (581) (511) 2Q14 3Q14 4Q14 1Q15 2Q15
- 20. This information is property of Embraer and can not be used or reproduced without written permission. INVESTOR RELATIONS PHONE: +55 12 3927 4404 [email protected] WWW.EMBRAER.COM