Marel Q1 2024 Investor Presentation from May 8, 2024
Embraer 1 q15_results_final (1)
1. This information is property of Embraer and can not be used or reproduced without written permission.
1st QUARTER 2015
EARNINGS RESULTS
APRIL 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
DELIVERY OF 20 E-JETS IN 1Q15.
DELIVERY OF FIRST E175 TO AMERICAN AIRLINES (2013 ORDER FOR 60 E-JETS).
KLM/AIR FRANCE ORDER FOR UP TO 34 E-JETS.
REPUBLIC AIRWAYS ORDER FOR FIVE ADDITIONAL E175 JETS.
KALSTAR AVIATION BECAME FIRST E-JET OPERATOR IN INDONESIA.
E-JETS E2 RECEIVED CRYSTAL CABIN AWARD (LARGER BIN & INDIVIDUAL SEATS).
HIGHLIGHTS
4. This information is property of Embraer and can not be used or reproduced without written permission.4
HIGHLIGHTS
DELIVERY OF 12 EXECUTIVE JETS (10 LIGHT AND 2 LARGE) IN 1Q15.
LEGACY 450 PROGRAM ADVANCES WITH ENTRY INTO SERVICE IN 4Q15.
LEGACY 500 ELECTED “2014 EDITORS' CHOICE AWARD” BY FLYING MAGAZINE AND
FINALIST FOR “LAUREATE AWARD” AND “COLLIER TROPHY”.
5. This information is property of Embraer and can not be used or reproduced without written permission.5
HIGHLIGHTS
FIRST FLIGHT OF KC-390.
U.S. AIR FORCE RECEIVED TWO ADDITIONAL A-29 SUPER TUCANOS.
PARTNERSHIP SIGNED WITH SAAB FOR BRAZIL’S FIGHTER PROGRAM.
CRITICAL DESIGN REVIEW REPORT OF BRAZIL’S SATELLITE SUCCESSFULLY COMPLETED.
6. This information is property of Embraer and can not be used or reproduced without written permission.
FINANCIAL RESULTS
7. This information is property of Embraer and can not be used or reproduced without written permission.
FIRM ORDER BACKLOG
US$ BILLION
19.2 18.1
22.1 20.9 20.4
1Q14 2Q14 3Q14 4Q14 1Q15
7
8. This information is property of Embraer and can not be used or reproduced without written permission.
LARGE JETS - LEGACY & LINEAGE
LIGHT JETS - PHENOM
2015 DELIVERY OUTLOOK
• 95 - 100 E-JETS
• 35 - 40 EXECUTIVE LARGE JETS
• 80 - 90 EXECUTIVE LIGHT JETS
3 7 0
14
2
17
22
15
38
10
1Q14 2Q14 3Q14 4Q14 1Q15
14
29
19
30
20
1Q14 2Q14 3Q14 4Q14 1Q15
AIRCRAFT DELIVERIES
8
9. This information is property of Embraer and can not be used or reproduced without written permission.
394 357 346 359
213
1Q14 2Q14 3Q14 4Q14 1Q15
267
421
213
690
167
1Q14 2Q14 3Q14 4Q14 1Q15
555
972
661
976
662
1Q14 2Q14 3Q14 4Q14 1Q15
1,242
1,761
1,240
2,046
1,056
1Q14 2Q14 3Q14 4Q14 1Q15
NET REVENUES BY SEGMENT
2015 OUTLOOK
US$ 1.70 – 1.85 BILLION
2015 OUTLOOK
US$ 1.10 – 1.25 BILLION
2015 OUTLOOK
US$ 3.20 – 3.40 BILLION
2015 OUTLOOK
US$ 6.10 – 6.60 BILLION
9
10. This information is property of Embraer and can not be used or reproduced without written permission.
US$ MILLION R$ MILLION
10
NET REVENUES - CONSOLIDATED
2015 OUTLOOK: US$ 6.1 – 6.6 BILLION
2,929
3,929
2,827
5,251
3,068
1Q14 2Q14 3Q14 4Q14 1Q15
1,242
1,761
1,240
2,046
1,056
1Q14 2Q14 3Q14 4Q14 1Q15
11. This information is property of Embraer and can not be used or reproduced without written permission.
219
257
226
289
248
113
118
118
141
124
1Q14 2Q14 3Q14 4Q14 1Q15
430
372
332 344
375
SELLING EXPENSESG&A EXPENSES
11
SG&A EXPENSES
US$ MILLION R$ MILLION
92
115
99
113
86
48
53
52
55
43
1Q14 2Q14 3Q14 4Q14 1Q15
151
168168
140
129
12. This information is property of Embraer and can not be used or reproduced without written permission.
215
417
157
515
229
7.4%
10.6%
5.6%
9.8%
7.5%
1Q14 2Q14 3Q14 4Q14 1Q15
92
187
68
196
80
7.4%
10.6%
5.5%
9.6%
7.5%
1Q14 2Q14 3Q14 4Q14 1Q15
12
INCOME FROM OPERATIONS (EBIT)
2015 OUTLOOK: US$ 490 – 560 MILLION | 8.0% – 8.5%
US$ MILLION R$ MILLION
EBIT EBIT MARGIN
13. This information is property of Embraer and can not be used or reproduced without written permission.
151
261
136
281
149
12.2%
14.8%
11.0%
13.8% 14.1%
1Q14 2Q14 3Q14 4Q14 1Q15
13
EBITDA
2015 OUTLOOK: US$ 730 – 860 MILLION | 12.0% – 13.0%
US$ MILLION R$ MILLION
EBITDA EBITDA MARGIN
355
583
311
732
429
12.1%
14.8%
11.0%
13.9% 14.0%
1Q14 2Q14 3Q14 4Q14 1Q15
14. This information is property of Embraer and can not be used or reproduced without written permission.14
NET INCOME
US$ MILLION R$ MILLION
NET MARGINNET INCOME
259
320
(24)
242
(196)
8.8%
8.1%
-0.9%
4.6%
-6.4%
1Q14 2Q14 3Q14 4Q14 1Q15
111
143
(11)
91
(62)
8.9% 8.1%
-0.9%
4.5%
-5.9%
1Q14 2Q14 3Q14 4Q14 1Q15
15. This information is property of Embraer and can not be used or reproduced without written permission.
2,542 2,439
2,767
2,405
2,696
1Q14 2Q14 3Q14 4Q14 1Q15
15
INVENTORIES
US$ MILLION
16. This information is property of Embraer and can not be used or reproduced without written permission.
1Q14 2Q14 3Q14 4Q14 1Q15
NET CASH GENERATED (USED) BY OPERATING ACTIVITIES* (273) 13 49 507 (292)
NET ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (48) (60) (89) (87) (57)
ADDITIONS TO INTANGIBLE ASSETS (83) (103) (97) (132) (91)
FREE CASH FLOW (404) (150) (138) 288 (440)
(273)
13
49
507
(292)
(48)
(60) (89) (87)
(57)
(83)
(103)
(97) (132)
(91)
(404)
(150) (138)
288
(440)
1Q14 2Q14 3Q14 4Q14 1Q15
16
FREE CASH FLOW
* Net of Financial assets adjustment
US$ MILLION
2015 OUTLOOK: FCF > (US$ 100) MILLION
17. This information is property of Embraer and can not be used or reproduced without written permission.
7 27
72
50
300 300
RESEARCH DEVELOPMENT CAPEX
2015 OUTLOOK: US$ 650 MILLION
2015 OUTLOOK2015 YTD
17
INVESTMENTS
US$ MILLION
18. This information is property of Embraer and can not be used or reproduced without written permission.
96% 96% 96% 96% 89%
4% 4% 4% 4% 11%
5.9
5.7 5.6 5.4 5.3
1Q14 2Q14 3Q14 4Q14 1Q15
INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION
LONG-TERM SHORT-TERM
LOANS AVERAGE MATURITY (YEARS)
18
INDEBTEDNESS PROFILE | NET CASH
TOTAL DEBT 1Q15: US$ 2.39 BILLION TOTAL CASH 1Q15: US$ 1.81 BILLION
53
(114)
(327)
(85)
(581)
1Q14 2Q14 3Q14 4Q14 1Q15
19. This information is property of Embraer and can not be used or reproduced without written permission.
INVESTOR RELATIONS
PHONE: +55 12 3927 4404
INVESTOR.RELATIONS@EMBRAER.COM.BR
WWW.EMBRAER.COM
