The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
Improved Business Performance: Exploring an Evolved FAO StrategyEverest Group
Industry experts from Price Waterhouse Coopers, Tata Consultancy Services and Everest Group will discuss practices best for evolved FAO outcomes, how metrics can improve performance as well as examples of engagements that have taken on an evolved FAO strategy.
3. 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.
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4. 2010 Highlights
e
nc
ida ved
Gu hie All 2010 guidance and projections achieved or surpassed.
Ac
EPS of R$ 0.7926 and EPADS of US$ 1.8252.
• Commercial aviation: Book to bill close to one.
97 orders and 101 deliveries.
• Continuous expansion of customers base: 58 in 39 countries.
• 700º E-Jet delivered (British Airways).
• Strong extension in executive jet market, reaching 19% market share.
• 145 jets delivered (19 large jets and 126 light jets).
• Landmark order from NetJets.
• Legacy 650 certified on time.
• Sustainable grow in defense and security.
• New dedicated corporate unit.
• LOIs for up to 60 KC-390 from Brazil, Chile, Colombia,
Portugal, Czech Republic and Argentina.
• Sale of 8 Super Tucano to Indonesia. First in Asia Pacific.
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5. 2010 Highlights
10th anniversaries: NYSE Euronext listing.
Presence in China, Singapore and GPX.
Embraer elected for the 2nd consecutive year, one of
the best companies to work for in Brazil.
Embraer selected as Gold Class on the DJSI and also on the ISE.
Company’s name changed to EMBRAER S.A. and business scope expanded.
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6. Net Revenue
US$ Million
6,335
5,245 5,498 5,364
3,760
2006 2007 2008 2009 * 2010 *
Guidance 2010: Net Revenue - US$ 5.25 billion
2008: US GAAP
* 2009-2010: IFRS 6
20. 2011 Outlook - IFRS
2010 Results 2011 Outlook
Net Revenues US$ 5.36 billion ~5% US$ 5.60 billion
US$ Billion
1.2 0.6
20%
11% 0.05 0.15
0.7 0.10
14% 0.40
3.1
55%
Commercial aviation Defense and security
Executive aviation Aviation services and others
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21. 2011 Outlook - IFRS
2010 Results 2011 Outlook
EBIT US$ 392 million ~7% US$ 420 million
EBIT Margin 7.3% ~3% 7.5%
EBITDA US$ 611 million US$ 610 million
EBITDA Margin 11% 11%
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22. 2011 Outlook - IFRS
2010 Results 2011 Outlook
Research US$ 72 million US$ 90 million
Development * US$ 79 million US$ 210 million
CAPEX US$ 74 million US$ 200 million
9%
US$ Million 9%
7%
5%
5% 4% 200
209
235 CAPEX
104 R&D
74
91 300
260 Investment / Revenue
197
113 144 151
2006 2007 2008 2009 2010** 2011E**
* Product development costs are differed and amortized upon aircraft delivery.
** 2010 result and 2011 estimate in IFRS.
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