FIRST QUARTER 2012 RESULTS

Transcription

1 FIRST QUARTER 2012 RESULTS April 27, 2012

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. 2

3 Highlights Delivery of 21 and sale of 12 E-Jets in 1Q12 (ten E195s to Azul, one E190 to BA CityFlyer, and one E170 to JAL). E-Jets orders rose to 1,063, with 60 companies in 42 countries. E-Jets customer base expansion with two new operators: Bulgaria Air and Estonian Air. 3

4 Highlights Delivery of 13 executive jets in 1Q12 (12 light jets and one large jet). Legacy 500 first engine run and ground tests start. Delivery of the 300th Phenom and 100th executive jet in Brazil. Sale of three ultra-large Lineage 1000 jets to Minsheng of China. Continuous expansion of global support network in strategic places to better serve our clients. 4

5 Highlights Defense and security revenues went up to 20% of total revenues. AEW India program: second aircraft performed its maiden flight. Three African nations were disclosed as Super Tucano customers: Burkina Faso, Angola and Mauritania. Total contract: US$ 180 million. Embraer Defense and Security increased to 65% its stake in OGMA. 5

6 Aircraft Deliveries Commercial Jets Executive Jets deliveries estimates commercial jets executive large jets executive light jets Light Jets - Phenom Large Jets - Legacy & Lineage 6

7 Firm Backlog US$ Billion Q2012 7

8 Revenues by Segment Net Revenues US$ Billion Commercial aviation Executive aviation Defense and security Others 8

9 Net Revenues and Gross Margin IFRS - US$ Million IFRS - R$ Million 24.3% 22.4% 21.2% 22.5% 23.2% 24.3% 22.4% 21.2% 22.5% 23.2% 2,025 3,667 1,056 1,359 1,364 1,156 1,757 2,169 2,266 2,049 Net Revenues Gross Margin 2012 Outlook: Net Revenues US$ billion 9

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

11 Income from Operations IFRS - US$ Million IFRS - R$ Million 8.9% 7.8% 9.1% 7.4% 8.9% 7.8% 9.4% 7.5% % % (6) (15) EBIT EBIT Margin 2012 Outlook: EBIT Margin 8.0% 8.5% 11

12 EBITDA IFRS - US$ Million IFRS - R$ Million 14.8% 11.3% 13.8% 12.8% 14.8% 11.5% 13.7% 12.9% % % EBITDA EBITDA Margin 2012 Outlook: EBITDA Margin 11.5% 12.5% 12

13 Net Income IFRS - US$ Million IFRS - R$ Million 10.0% 7.1% 5.4% 9.9% 7.1% 5.4% % 2-4.5% % 0-4.7% (172) Net Income Net Margin 13

14 Inventories / Free Cash Flow Inventories - US$ Million Free Cash Flow - US$ Million 277 2,561 2,697 2,872 2,288 2,652 (38) (126) (112) (174) 14

15 Indebtedness Profile Net Cash Indebtedness Maturity Net Cash - US$ Million 10% 13% 26% 15% 27% % 85% 87% 74% 74% Long-term Short-term Loans Average Maturity (Years) Total Debt 1Q12 US$ 2.0 Billion Total Cash 1Q12 US$ 2.3 Billion 15

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