4Q15 & FY 2015 Earnings Results

4Q15 & FY 2015
EARNINGS RESULTS
MARCH 3rd, 2016
This information is property of Embraer and can not be used or reproduced without written permission.
FORWARD LOOKING STATEMENT

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 forwardlooking 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 forwardlooking 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 forwardlooking events and circumstances discussed in this presentation might not occur. Our actual results could differ
substantially from those anticipated in our forward-looking statements
FINANCIAL HIGHLIGHTS
BACKLOG OF US$ 22.5 BILLION.
FREE CASH FLOW GENERATION OF US$ 178 MILLION.
NET CASH POSITION OF US$ 7.2 MILLION.

REVENUES OF US$ 5,928 MILLION.
PROVISION FOR REPUBLIC CHAPTER 11 OF US$ 101 MILLION.
EBIT OF US$ 332 MILLION AND 5.6% MARGIN (EX. REPUBLIC US$ 432 MILLION AND 7.3%).
NET INCOME AND EPADS OF US$ 69 MILLION AND US$ 0.38.
HIGHLIGHTS
DELIVERY OF 101 E-JETS AND NET FIRM ORDERS OF 155 IN 2015.
BOOK-TO-BILL OF 1.5 X IN 2015.
9 NEW E-JETS OPERATORS IN 2015.
ACCUMULATED NET FIRM ORDERS OF 1,704 E-JETS.
ROLLOUT OF THE FIRST E190-E2.
HIGHLIGHTS 4Q15
DELIVERY OF 33 E-JETS IN 4Q15.
DELIVERY OF THE 1,200TH E-JET TO AZUL.
SKYWEST ORDER FOR 19 E175s (FLY FOR DELTA AIRLINES).

KLM CITYHOPPER CONFIRMED OPTIONS FOR TWO E175s.
NEW E2 ENGINES STARTED FLIGHT TEST PROGRAM SUCCESSFULLY.
HIGHLIGHTS
DELIVERY OF 120 EXECUTIVE JETS (82 LIGHT AND 38 LARGE) IN 2015.
BOOK-TO-BILL OF 1.1 X IN 2015.
PHENOM 300: MOST DELIVERED EXECUTIVE JET FOR THE THIRD CONSECUTIVE YEAR.
CERTIFICATION AND ENTRY INTO SERVICE OF LEGACY 450 MID-LIGHT EXECUTIVE JET.
HIGHLIGHTS 4Q15
DELIVERY OF 45 EXECUTIVE JETS (25 LIGHT AND 20 LARGE) IN 4Q15.
EMIRATES FLIGHT TRAINING ACADEMY ORDER FOR UP TO 10 PHENOM 100E.
DELIVERY OF 2 LINEAGE 1000 IN THE US MARKET.
LEGACY 450 ENTRY INTO SERVICE WITH FIRST THREE DELIVERIES.
HIGHLIGHTS
FIRST FLIGHT OF KC-390 IN FEBRUARY 2015.
KC-390 FIGHT TEST CAMPAIGN: 100+ HOURS (2ND PROTOTYPE TO FLY IN 1Q16).
DELIVERY OF 15 OUT OF 20 SUPER TUCANOS TO THE USAF (11 IN 2015).
F-39 GRIPEN PROGRAM BECAME EFFECTIVE (INITIAL WORKS IN SWEDEN/BRAZIL).

SISFRON PROJECT FINISHED 2015 WITH MORE THAN 50% EXECUTION.
HIGHLIGHTS 4Q15
LEBANESE AIR FORCE ACQUIRED SIX A-29 SUPER TUCANO.
ATECH COMPLETED FIRST PHASE OF AIR TRAFFIC MANAGEMENT SYSTEM IN INDIA.
BRAZILIAN GEOSTATIONARY SATELLITE BEGAN INTEGRATION AND TESTING PHASE.
PHENOM 100 SELECTED TO TRAIN AIRCREW IN THE UK ARMED FORCES (FEB. 2016).
FINANCIAL RESULTS
FIRM ORDER BACKLOG

US$ BILLION
EXECUTIVE
JETS
18.2
20.9
22.5
15.4
12.4
2011
11
2012
2013
2014
2015
COMMERCIAL
AVIATION
DEFENSE
& SECURITY
AIRCRAFT DELIVERIES
99
105
2011
106
2012
90
2013
92
2014
101
2015
119
116
90
92
99
83
77
16
22
29
24
2011
2012
2013
2014
LIGHT JETS - PHENOM

LARGE JETS - LEGACY & LINEAGE
95 - 100 E-JETS
2015 OUTLOOK: 35 - 40 EXECUTIVE LARGE JETS
80 - 90 EXECUTIVE LIGHT JETS
12
120
82
38
2015
NET REVENUES
US$ MILLION
5,791
2011
6,167
6,235
6,289
5,928
2012
2013
2014
2015
2015 OUTLOOK: US$ 5.8 6.3 BILLION

13
NET REVENUES BREAKDOWN

SEGMENT
Net Revenues
US$ Billion
REGION
6.24
6.29
5.93
1%
1%
19%
23%
1%
13%
27%
30%
26%
Net Revenues
US$ Billion
6.24
5%
9%
6%
8%
5.93
6.29
2% 4%
4%
2%
6%
4%
4%
3%
12%
21%
11%
21%
14%
22%
53%
65%
56%
50%
48%
29%
2013
2014
2015
2013
2015
NORTH AMERICA
BRAZIL
EUROPE
SOUTH & CENTRAL

AMERICA
OTHERS
14
2014
CHINA
ASIA PACIFIC
AFRICA &
MIDDLE EAST
NET REVENUES BY SEGMENT

OUTLOOK: US$ 5.80 6.30 BILLION
2015: 5.93 BILLION
2015: 3.35 BILLION
2,074
2,045
1,513
1,056
4Q14
1Q15
2Q15
1,285
3Q15
1,115
975
883
688
662
4Q15
4Q14
1Q15
2Q15
2015: 1.72 BILLION
2015: 0.81 BILLION
746
404
359
402
213
216
182
200
1Q15
2Q15
3Q15
4Q15
167
15
4Q15
690
4Q14
3Q15
1Q15
2Q15
3Q15
4Q15
4Q14
SG&A EXPENSES
US$ MILLION
12%
12%
11%
10%
759
680
665
279
211
261
9%
628
208
544
182
419
2011
G&A EXPENSES
16
480
2012
454
420
2013
2014
SELLING EXPENSES
362
2015
EXPENSES / NET REVENUES
SG&A EXPENSES
2015: 544
US$ MILLION
2015: 1,816
R$ MILLION
168
564
147
55
129
47
43
113
86
4Q14
1Q15
147
121
50
2Q15
78
3Q15
143
430
191
152
124
97
4Q15
G&A EXPENSES
17
372
141
43
100
451
430
289
4Q14
248
1Q15
SELLING EXPENSES
373
308
278
2Q15
3Q15
4Q15
INCOME FROM OPERATIONS (EBIT)

US$ MILLION
9.9%
5.5%
11.4%
9.1%
8.6%
7.3%
713
5.6%
432
612
566
543
332
318
2011
EBIT
2012
EBIT MARGIN
2013
EXCLUDING AMR EFFECT
2014
2015
EXCLUDING REPUBLIC EFFECT
2015 OUTLOOK: US$ 490 560 MILLION | 8.5% 9.0%

18
EBITDA
US$ MILLION
14.4%
9.6%
16.1%
13.8%
13.2%
1,004
12.8%
10.9%
749
891
857
830
648
557
2011
EBITDA
2012
EBITDA MARGIN
2013
2014
EXCLUDING AMR EFFECT
2015
EXCLUDING REPUBLIC EFFECT
2015 OUTLOOK: US$ 730 860 MILLION | 12.6% 13.6%

19
NET INCOME
US$ MILLION
5.6%
5.5%
5.3%
1.9%
4.6%
1.2%
272
348
342
335
67
112
2011
NET INCOME
20
69
2012
NET MARGIN
2013
2014
ADJUSTED NET INCOME
2015
REPUBLIC EFFECT
EPADS AND PAY OUT

US$
116%
49%
26%
26%
27%
1.92
1.88
1.82
0.62
2011
0.38
2012
EPADS
21
1.49
2013
PAY OUT
2014
ADJUSTED EPADS
2015
INVESTMENTS
US$ MILLION
2015: 518
288
300
300
188
42
50
RESEARCH
DEVELOPMENT
2015 OUTLOOK: US$ 650 MILLION

22
CAPEX
FREE CASH FLOW

US$ MILLION
2015: 178
660
288
178
73
(115)
(440)
(440)
4Q14
1Q15
FREE CASH FLOW
NET CASH GENERATED (USED) BY OPERATING ACTIVITIES*

NET ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT
ADDITIONS TO INTANGIBLE ASSETS
FREE CASH FLOW
(367)
(482)
2Q15
3Q15
4Q15
ACCUMULATED 2015
4Q14
507
(87)
(132)
1Q15
(291)
(57)
(91)
288
(440)
2Q15
245
(74)
(98)
73
2015 OUTLOOK: FCF > (US$ 100) MILLION

23
3Q15
70
(76)
(110)
4Q15
872
(83)
(129)
(115)
660
2015
895
(290)
(428)
178
INDEBTEDNESS PROFILE | NET CASH

INDEBTEDNESS MATURITY
4%
5.4
96%
4Q14
11%
10%
9%
6.5
6.5
NET CASH (DEBT) - US$ MILLION
6%
(39)
6.2
5.3
89%
90%
91%
94%
1Q15
2Q15
3Q15
4Q15
(535)
(465)
(644)
4Q14
1Q15
2Q15
3Q15
4Q15
LONG-TERM
SHORT-TERM
LOANS AVERAGE MATURITY (YEARS)
TOTAL DEBT 4Q15: US$ 3.530 BILLION
24
TOTAL CASH 4Q15: US$ 3.538 BILLION
2016 OUTLOOK
2016 CONSOLIDATED OUTLOOK

NET REVENUES US$ 6.00 6.40 BILLION
DELIVERIES 105 TO 110 E-JETS

57% OF NET REVENUES US$ 3.45 3.65 BILLION
75 TO 85 LIGHT JETS
DELIVERIES 40 TO 50 LARGE JETS
OTHER REVENUES
26
1% OF NET REVENUES US$ 100 MILLION
2016 CONSOLIDATED OUTLOOK

EBIT US$ 480 545 MILLION
EBITDA US$ 800 870 MILLION
EBIT MARGIN 8.0% 8.5%
EBITDA MARGIN 13.3% 13.7%
FCF > (US$ 100) MILLION

FCF USE OF LESS THAN US$ 100 MILLION
RESEARCH
US$ 50 MILLION
DEVELOPMENT US$ 325 MILLION
27
CAPEX
US$ 275 MILLION
INVESTMENTS
US$ 650 MILLION
+55 12 3927 4404 | investor.relations@embraer.com.br | www.embraer.com

4Q15 & FY 2015 Earnings Results

Enviado por

Dados do documento

Descrição original:

Título original

Direitos autorais

Formatos disponíveis

Compartilhar este documento

Compartilhar ou incorporar documento

Opções de compartilhamento

Você considera este documento útil?

Este conteúdo é inapropriado?

Direitos autorais:

Formatos disponíveis

4Q15 & FY 2015 Earnings Results

Enviado por

Direitos autorais:

Formatos disponíveis

4Q15 & FY 2015

FORWARD LOOKING STATEMENT

NET CASH POSITION OF US$ 7.2 MILLION.

SKYWEST ORDER FOR 19 E175s (FLY FOR DELTA AIRLINES).

F-39 GRIPEN PROGRAM BECAME EFFECTIVE (INITIAL WORKS IN SWEDEN/BRAZIL).

FIRM ORDER BACKLOG

LIGHT JETS - PHENOM

2015 OUTLOOK: US$ 5.8 6.3 BILLION

NET REVENUES BREAKDOWN

SOUTH & CENTRAL

NET REVENUES BY SEGMENT

OUTLOOK: US$ 3.20 3.40 BILLION

2015: 5.93 BILLION

2015: 3.35 BILLION

OUTLOOK: US$ 0.80 0.95 BILLION

2015: 1.72 BILLION

2015: 0.81 BILLION

OUTLOOK: US$ 1.70 1.85 BILLION

EXPENSES / NET REVENUES

INCOME FROM OPERATIONS (EBIT)

EXCLUDING REPUBLIC EFFECT

2015 OUTLOOK: US$ 490 560 MILLION | 8.5% 9.0%

EXCLUDING AMR EFFECT

EXCLUDING REPUBLIC EFFECT

2015 OUTLOOK: US$ 730 860 MILLION | 12.6% 13.6%

ADJUSTED NET INCOME

EPADS AND PAY OUT

2015 OUTLOOK: US$ 650 MILLION

FREE CASH FLOW

FREE CASH FLOW

NET CASH GENERATED (USED) BY OPERATING ACTIVITIES*

FREE CASH FLOW

2015 OUTLOOK: FCF > (US$ 100) MILLION

INDEBTEDNESS PROFILE | NET CASH

NET CASH (DEBT) - US$ MILLION

TOTAL DEBT 4Q15: US$ 3.530 BILLION

TOTAL CASH 4Q15: US$ 3.538 BILLION

2016 CONSOLIDATED OUTLOOK

DELIVERIES 105 TO 110 E-JETS

1% OF NET REVENUES US$ 100 MILLION

2016 CONSOLIDATED OUTLOOK

EBITDA US$ 800 870 MILLION

EBIT MARGIN 8.0% 8.5%

EBITDA MARGIN 13.3% 13.7%

FCF > (US$ 100) MILLION

DEVELOPMENT US$ 325 MILLION

US$ 275 MILLION

US$ 650 MILLION

+55 12 3927 4404 | investor.relations@embraer.com.br | www.embraer.com

Você também pode gostar