Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
SECOND QUARTER 2012     RESULTS IN IFRS               July 31, 2012
Forward Looking StatementThis presentation includes forward-looking statements or statements about events orcircumstances ...
Highlights• Delivery of 35 E-Jets in 2Q12, reaching 858   total deliveries since EIS.                                     ...
Highlights          • Delivery of 20 executive jets in 2Q12 (17 light jets and 3 large jets).                        • Agr...
Highlights• Defense and security 2Q12 revenues increased 33% compared to 2Q11.                                            ...
Revenues by Segment – 2012 Outlook     Embraer: US$ 5.8 – 6.2 Billion                                                     ...
Revenues by Segment   Net Revenues   US$ Billion                       5.50                          5.36                 ...
Firm Backlog                    US$ Billion                                  15.8                           16.0          ...
Net Revenues and Gross MarginUS$ Million                                                                                  ...
SG&A ExpensesUS$ Million                                                                                               R$ ...
Income from OperationsUS$ Million                                                                                         ...
EBITDAUS$ Million                                                                                               R$ Million...
Net IncomeUS$ Million                                                                       10.9%                   R$ Mil...
Inventories / Free Cash Flow                                Inventories                                                   ...
Investments                    US$ Million                                                                                ...
Indebtedness Profile / Net Cash              Indebtedness Maturity                                                        ...
2012 Outlook                                                                                                              ...
2012 Outlook Revision                                                                          Current Outlook            ...
Investor Relations                                                                                                        ...
Upcoming SlideShare
Loading in …5
×

Embraer 2 q12 results_final

6,210 views

Published on

Published in: Business, Technology
  • Hello
    My name is amarilla, I saw your profile today and become interested in you. Please reply to me at(amarilla.adura01@yahoo.co.uk) I have much more to discuss with you.
    Thank you.
    Miss amarilla
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Embraer 2 q12 results_final

  1. 1. SECOND QUARTER 2012 RESULTS IN IFRS July 31, 2012
  2. 2. Forward Looking StatementThis presentation includes forward-looking statements or statements about events orcircumstances which have not occurred. We have based these forward-looking statementslargely on our current expectations and projections about future events and financial trendsaffecting our business and our future financial performance. These forward-lookingstatements are subject to risks, uncertainties and assumptions, including, among other things:general economic, political and business conditions, both in Brazil and in our market. Thewords “believes,” “may,” “will,” “estimates,” “continues,” “anticipates,” “intends,” “expects” andsimilar words are intended to identify forward-looking statements. We undertake noobligations to update publicly or revise any forward-looking statements because of newinformation, future events or other factors. In light of these risks and uncertainties, theforward-looking events and circumstances discussed in this presentation might not occur. Ouractual results could differ substantially from those anticipated in our forward-lookingstatements. 2 This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  3. 3. Highlights• Delivery of 35 E-Jets in 2Q12, reaching 858 total deliveries since EIS. • Embraer sells five more E190s to China’s Hebei Airlines. • E-Jet flight with renewable jet fuel during Rio+20 Environment Conference in Brazil. 3This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  4. 4. Highlights • Delivery of 20 executive jets in 2Q12 (17 light jets and 3 large jets). • Agreement between Embraer and Avic to build Legacy 600/650 in Harbin – China. • ICBC Leasing signs 10 aircraft order for Legacy 650s to be made by HEAI. 4This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  5. 5. Highlights• Defense and security 2Q12 revenues increased 33% compared to 2Q11. • Sale of eight A-29 Super Tucano and a flight simulator to Indonesian Air Force. • Agreements with Boeing to collaborate in the KC-390 and A-29 Super Tucano programs. 5This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  6. 6. Revenues by Segment – 2012 Outlook Embraer: US$ 5.8 – 6.2 Billion Commercial aviation: US$ 3.70 – 3.85 Billion 2.025 1.176 1.078 996 1.717 888 760 1.359 1.364 1.156 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 Executive aviation: US$ 1.10 – 1.30 Billion Defense and security: US$ 900 – 950 Million 603 293 266 232 201 189 247 261 149 152 6 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  7. 7. Revenues by Segment Net Revenues US$ Billion 5.50 5.36 5.80 2.87 5.80 – 6.20 2% 1% 2% 1% 2% 12% 15% 15% 17% 15% 17% 15% 23% 19% 20% 69% 64% 67% 63% 61% 2009 2010 2011 YTD2012 EST2012 Defense and security Others 7 Commercial aviation Executive aviationThis information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  8. 8. Firm Backlog US$ Billion 15.8 16.0 15.4 14.7 12.9 2Q11 3Q11 4Q11 1Q12 2Q12 8This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  9. 9. Net Revenues and Gross MarginUS$ Million R$ Million 23.2% 23.6% 23.2% 23.6% 22.4% 22.5% 22.4% 22.5% 21.2% 21.2% 2,025 3,667 3,385 1,717 1,359 1,364 2,169 2,266 1,156 2,049 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 Net Revenues Gross Margin 9 This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  10. 10. SG&A ExpensesUS$ Million R$ Million 382 194 186 180 334 173 172 318 277 280 148 72 75 129 64 69 71 126 103 113 119 234 109 103 114 109 205 192 174 167 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 G&A Expenses Selling Expenses 10 This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  11. 11. Income from OperationsUS$ Million R$ Million 11.5% 11.5% 9.1% 9.4% 7.8% 7.8% 7.5% 7.4% -0.3% 197 -0.4% 390 124 212 106 169 86 153 (6) (15) 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 EBIT EBIT Margin 11 This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  12. 12. EBITDAUS$ Million R$ Million 15.4% 15.5% 13.8% 12.8% 13.7% 12.9% 11.3% 11.5% 265 524 2.9% 2.8% 188 153 148 311 250 264 59 101 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 EBITDA EBITDA Margin 12 This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  13. 13. Net IncomeUS$ Million 10.9% R$ Million 10.9%7.1% 5.4% 187 7.1% 5.4% 369 3.2% 3.4% 96 0.1% 154 63 54 111 115 2 0.0% 0 -4.5% -4.7% -92 -172 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 Net Income Net Margin 13 Adjusted Net Income, excluding deferred income taxes This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  14. 14. Inventories / Free Cash Flow Inventories Free Cash FlowUS$ Million US$ Million 277 414 2,872 155 2,697 2,652 105 20 2,530 25 2,288 (93) (73) (77) (70) (76) (60) (60) (40) (55) (50) (65) (38) (112) (174) 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 Free cash flow Net cash generated (used) by operating activities* Additions to PP&E 14 Additions to Intangible * Net of Financial assets adjustment This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  15. 15. Investments US$ Million 350 200 100 119 84 31 RESEARCH DEVELOPMENT CAPEX 15 YTD 2012 2012 OutlookThis information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  16. 16. Indebtedness Profile / Net Cash Indebtedness Maturity Net Cash US$ Million13% 15% 22% 26% 26% 5.0 6.1 4.8 4.5 4.2 446 85% 406 74% 78% 87% 74% 302 290 1932Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 Long-term Short-term Loans Average Maturity (Years) 16 Total Debt 2Q12 US$ 2.16 Billion Total Cash 2Q12 US$ 2.45 BillionThis information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  17. 17. 2012 Outlook 17This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  18. 18. 2012 Outlook Revision Current Outlook New Outlook EBIT US$ 460 – 530 Million US$ 520 – 590 Million EBIT margin 8.0% – 8.5% 9.0% – 9.5% EBITDA US$ 670 – 780 Million US$ 720 – 840 Million EBITDA margin 11.5% – 12.5% 12.5% – 13.5% 18This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations
  19. 19. Investor Relations Phone: +55 12 3927 4404 investor.relations@embraer.com.br www.embraer.com 19This information is the property of Embraer and cannot be used or reproduced without written consent. Investor Relations

×