1 st QUARTER 2014 EARNINGS RESULTS

Transcription

1 1 st QUARTER 2014 EARNINGS RESULTS Cargo do Apresentador April 30, 2014

2 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 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.

3 3 Highlights Delivery of 14 E-Jets in 1Q14. The E-Jets family celebrated its 10 th anniversary of the first delivery. Air Costa (India) placed an order for 50 E-Jets E2 plus 50 options of the E190-E2 and E195-E2 models. Embraer started delivering in April to its customers the E175 jet featuring aerodynamic improvements that reduce the aircraft s fuel burn by 6.4%. Embraer s Commercial jet segment from 70 to 130 seats, reached in 1Q14 more than 50% of the sales and 60% of the deliveries, worldwide.

4 4 Highlights Delivery of 20 executive jets in 1Q14 (17 light jets and 3 large jets). Delivery of the 300 th Phenom 100, just five years after its EIS. Embraer Executive Jets inaugurated a new Service Center in the city of Sorocaba, Brazil. Embraer Executive Jets fleet, which currently consists of more than 740 aircraft, reached the milestone of one million flight hours.

5 5 Highlights Embraer Defense & Security commenced assembly of the first Super Tucano aircraft for the USAF LAS Program. First delivery expected for mid Embraer Defense & Security received the first seven FAB F-5 fighter jets under the modernization program for a total of 11 jets. Atech's SAGITARIO system began operation in the Amazon Area Control Center. All air traffic control en route to Brazil is now managed through SAGITARIO. Savis concluded the delivery of the Military Operations Center of the Western Military Command, Sisfron s first Command and Control Center.

6 6 Firm Order Backlog US$ Billion

7 7 Aircraft Deliveries Commercial Jets Executive Jets deliveries estimates E-Jets executive large jets executive light jets Light Jets - Phenom Large Jets - Legacy & Lineage

8 8 Net Revenues by Segment 2014 Outlook EMBRAER: US$ Billion Commercial Aviation: US$ Billion 1,086 1,557 1,288 2,304 1, , Executive Aviation: US$ Billion Defense & Security: US$ Billion

9 9 Net Revenues US$ Million R$ Million 2,304 5,296 1,086 1,557 1,288 1,242 2,157 3,240 2,944 2, Outlook: US$ Billion

10 10 SG&A Expenses US$ Million R$ Million G&A Expenses Selling Expenses

11 11 Income from Operations US$ Million R$ Million 20.1% 20.2% 3.6% 8.7% 5.9% 7.4% 3.7% 8.8% 5.9% 7.4% 463 1, EBIT 2014 Outlook: EBIT Margin EBIT: US$ Million EBIT Margin: 9.0% 9.5%

12 EBITDA US$ Million R$ Million 23.6% 23.7% 9.2% 13.1% 12.1% 12.2% 9.3% 13.2% 12.2% 12.1% 544 1, EBITDA EBITDA Margin 2014 Outlook: EBITDA: US$ Million EBITDA Margin: 13.0% 14.0% 12

13 13 Net Income US$ Million R$ Million 11.5% 8.9% 11.5% 9.1% 2.8% 4.1% 2.9% 4.0% -0.3% -0.3% (5) (10) Net Income Net Margin

14 14 Inventories US$ Million 2,510 2,523 2,780 2,287 2,542

15 15 Free Cash Flow US$ Million (83) (125) (106) (50) (84) (156) (68) (60) (80) (273) (109) (201) (48) (83) (404) Net cash generated (used) by operating activities* (83) (273) Additions to property, plant and equipment (50) (125) (106) (156) (48) Additions to intangible assets (68) (60) (80) (109) (83) Free Cash Flow (201) 2 (84) 496 (404) * Net of Financial assets adjustment

16 16 Investments US$ Million RESEARCH DEVELOPMENT CAPEX 2014 YTD 2014 Outlook 2014 Outlook: US$ 650 Million

17 17 Indebtedness Profile / Net Cash Indebtedness Maturity Net Cash (Debt) - US$ Million 15% 5.1 6% 5.4 4% 4% 4% % 94% 96% 96% 96% Long-term Short-term Loans Average Maturity (Years) (20) Total Debt 1Q14 US$ 2.22 Billion Total Cash 1Q14 US$ 2.27 Billion

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