This document provides highlights about an aircraft manufacturing company. It was established in 1969 and privatized in 1994, listing on the USA stock exchange in 2000. It has a global footprint with operations across Brazil, USA, Europe and Asia. It has a diversified customer base across commercial, executive and defense aviation segments. In 2009, it delivered 244 aircraft with net revenue of $5.47 billion and a firm order backlog of $3.8 billion. It has a portfolio of commercial and executive jet aircraft with seating capacities ranging from 37 to 122 seats.
RI Institutional Presentation December 2011Embraer RI
This document provides an overview of a global aerospace company. [1] It has a broad portfolio of commercial, executive, and defense aircraft and has operated since 1969. [2] The company has a strong global presence with factories and offices around the world. [3] Financial information shows solid performance with increasing revenues and a large backlog of orders.
This document provides a cost of capital analysis for Bombardier Inc. It calculates the company's weighted average cost of capital (WACC) in three steps:
1) Estimating the market value weights of Bombardier's financing sources: long-term debt comprises 34% of the capital structure, preferred stock 3%, and common equity 63%.
2) Determining the costs of each financing source: the cost of debt is 4.5761%, preferred stock 6.0396%, and common equity 11.66% using the CAPM model.
3) Calculating Bombardier's WACC as the weighted average of the costs of each financing source. The analysis is intended to value the
CEO José Sergio Gabrielli de Azevedo - Presentation to the "Comitê de Coopera...Petrobras
The document discusses Japan's reliance on natural resource imports and Brazil's leadership in deepwater oil and gas discoveries and production technology. Key points:
- Japan imports almost all of its natural resources like oil, LNG, coal and iron ore. It relies on international partnerships for supply.
- Over the past 5 years, Brazil accounted for 38% of global deepwater oil and gas discoveries, representing 1/3 of total new finds.
- Petrobras has a long history of technological leadership in deepwater production, beginning operations in the 1970s-80s and expanding significantly since the early 2000s.
This document provides an overview and schedule for Monsanto's "Whistle Stop III" investor event focusing on their soybean and corn platforms. Key points include:
- Monsanto's five-year plan aims to double gross profit by 2012 by more than doubling their seeds and traits segment through innovations in corn and soybeans.
- For 2008, corn seeds and traits are forecast to grow 25% while soybeans are forecast 15% growth with preparations for the Roundup Ready 2 Yield launch.
- For 2009, corn seeds are forecast 25-30% growth while soybeans are forecast over 5% growth with the Roundup Ready 2 Yield commercial release in soybeans.
- The two-day
CEO José Sergio Gabrielli de Azevedo - Presentation to the "Comitê de Coopera...Petrobras
The document discusses Japan's reliance on natural resource imports and Brazil's leadership in deepwater oil and gas discoveries and production technology. Key points:
- Japan imports almost all of its natural resources like oil, LNG, coal and iron ore. It relies on international partnerships for supply.
- Over the past 5 years, Brazil accounted for 1/3 of global deepwater oil and gas discoveries. It expects to double proven reserves by 2020.
- Brazil's state-run Petrobras has decades of experience in deepwater production, operating the first floating production systems as early as 1977. It is now a global leader in deepwater technologies.
The document provides an overview of Petrobras' financial results for the first quarter of 2007. Some key points:
- Oil and gas production decreased 1.2% domestically due to scheduled platform maintenance, while international production fell 3% due to unrest in Ecuador.
- Revenue fell 5.2% from the previous quarter due to lower sales volumes and oil prices. Operating profit rose 15% through cost reductions.
- Net income declined 20.6% to R$4.1 billion, impacted by higher financial expenses from currency fluctuations and an absence of tax benefits from the prior quarter.
- Investments totaled R$8.3 billion, with 48% toward E&P and 23
"Petrobras America Inc. “Business Strategy And Results"Petrobras
Petrobras' $87.1 billion business plan for 2007-2011 focuses on increasing oil and gas production in Brazil and internationally. The plan allocates 56% of capital expenditures to exploration and production (E&P) activities in Brazil, with additional investments in downstream refining and distribution. In the US, Petrobras is pursuing upstream oil and gas exploration and production opportunities, and recently acquired a 50% stake in the Pasadena refinery to expand its downstream business and capture fiscal synergies between upstream and refining operations.
Kuzbasskaya Toplivnaya Company achieved record growth in operating results in 2011. Coal production grew by 28.5% to 8.74 million tonnes, making the company Russia's seventh largest coal producer. Exports surged 76% to over 1 million tonnes, allowing the company to break into the top five coal exporters in Russia. The company invested heavily in expanding production capacity, including the construction of new washing facilities. The general director highlighted the company's strong financial results and progress towards its strategic goals of increasing production capacity and expanding its resource base.
RI Institutional Presentation December 2011Embraer RI
This document provides an overview of a global aerospace company. [1] It has a broad portfolio of commercial, executive, and defense aircraft and has operated since 1969. [2] The company has a strong global presence with factories and offices around the world. [3] Financial information shows solid performance with increasing revenues and a large backlog of orders.
This document provides a cost of capital analysis for Bombardier Inc. It calculates the company's weighted average cost of capital (WACC) in three steps:
1) Estimating the market value weights of Bombardier's financing sources: long-term debt comprises 34% of the capital structure, preferred stock 3%, and common equity 63%.
2) Determining the costs of each financing source: the cost of debt is 4.5761%, preferred stock 6.0396%, and common equity 11.66% using the CAPM model.
3) Calculating Bombardier's WACC as the weighted average of the costs of each financing source. The analysis is intended to value the
CEO José Sergio Gabrielli de Azevedo - Presentation to the "Comitê de Coopera...Petrobras
The document discusses Japan's reliance on natural resource imports and Brazil's leadership in deepwater oil and gas discoveries and production technology. Key points:
- Japan imports almost all of its natural resources like oil, LNG, coal and iron ore. It relies on international partnerships for supply.
- Over the past 5 years, Brazil accounted for 38% of global deepwater oil and gas discoveries, representing 1/3 of total new finds.
- Petrobras has a long history of technological leadership in deepwater production, beginning operations in the 1970s-80s and expanding significantly since the early 2000s.
This document provides an overview and schedule for Monsanto's "Whistle Stop III" investor event focusing on their soybean and corn platforms. Key points include:
- Monsanto's five-year plan aims to double gross profit by 2012 by more than doubling their seeds and traits segment through innovations in corn and soybeans.
- For 2008, corn seeds and traits are forecast to grow 25% while soybeans are forecast 15% growth with preparations for the Roundup Ready 2 Yield launch.
- For 2009, corn seeds are forecast 25-30% growth while soybeans are forecast over 5% growth with the Roundup Ready 2 Yield commercial release in soybeans.
- The two-day
CEO José Sergio Gabrielli de Azevedo - Presentation to the "Comitê de Coopera...Petrobras
The document discusses Japan's reliance on natural resource imports and Brazil's leadership in deepwater oil and gas discoveries and production technology. Key points:
- Japan imports almost all of its natural resources like oil, LNG, coal and iron ore. It relies on international partnerships for supply.
- Over the past 5 years, Brazil accounted for 1/3 of global deepwater oil and gas discoveries. It expects to double proven reserves by 2020.
- Brazil's state-run Petrobras has decades of experience in deepwater production, operating the first floating production systems as early as 1977. It is now a global leader in deepwater technologies.
The document provides an overview of Petrobras' financial results for the first quarter of 2007. Some key points:
- Oil and gas production decreased 1.2% domestically due to scheduled platform maintenance, while international production fell 3% due to unrest in Ecuador.
- Revenue fell 5.2% from the previous quarter due to lower sales volumes and oil prices. Operating profit rose 15% through cost reductions.
- Net income declined 20.6% to R$4.1 billion, impacted by higher financial expenses from currency fluctuations and an absence of tax benefits from the prior quarter.
- Investments totaled R$8.3 billion, with 48% toward E&P and 23
"Petrobras America Inc. “Business Strategy And Results"Petrobras
Petrobras' $87.1 billion business plan for 2007-2011 focuses on increasing oil and gas production in Brazil and internationally. The plan allocates 56% of capital expenditures to exploration and production (E&P) activities in Brazil, with additional investments in downstream refining and distribution. In the US, Petrobras is pursuing upstream oil and gas exploration and production opportunities, and recently acquired a 50% stake in the Pasadena refinery to expand its downstream business and capture fiscal synergies between upstream and refining operations.
Kuzbasskaya Toplivnaya Company achieved record growth in operating results in 2011. Coal production grew by 28.5% to 8.74 million tonnes, making the company Russia's seventh largest coal producer. Exports surged 76% to over 1 million tonnes, allowing the company to break into the top five coal exporters in Russia. The company invested heavily in expanding production capacity, including the construction of new washing facilities. The general director highlighted the company's strong financial results and progress towards its strategic goals of increasing production capacity and expanding its resource base.
Petrobras announced strong financial results for the 2nd quarter of 2009. Oil production increased 6% compared to the first half of 2008 due to new platform startups. Lifting costs remained stable in US dollars despite higher oil prices. Net income doubled compared to the first quarter due to higher oil prices and sales volumes as well as cost cutting efforts. Capex continued to grow significantly, supported by expanding access to development banks and the capital market.
Banco Santander reported its 1Q09 results on April 29th, 2009. The presentation provided an overview of Brazil's macroeconomic scenario, noting that while GDP growth slowed in 2009 due to the global crisis, Brazil's fundamentals remain strong. It discussed how Brazil's financial system is well-capitalized and more resilient compared to previous crises. Finally, it summarized Santander's strategy and franchise in Brazil, highlighting the progress of its integration and how the combined network provides better service and access for its over 9 million customers.
Operational excellence, pricing to value, and pipeline drives are Monsanto's strategic playbook to double Seminis' gross profit from 2007 to 2012. Seminis is expected to outpace industry growth with a 6% CAGR through 2012 by focusing on key crops, shifting to higher value segments like protected culture, and launching 5 new products by 2012 including raised-head broccoli and improved-texture watermelon. The use of genetic mapping and marker assisted breeding could accelerate new product launches by 1-2 years.
This 3 sentence summary provides the key details about the Petroleum Products Carrier Report - Schedule of Deliveries 2A document:
The document requires carriers to report monthly on all deliveries of petroleum products from out-of-state terminals to locations in Utah, including details like the names and identification numbers of companies involved, transportation modes, origin and delivery locations, dates, document numbers, and gross and net gallons delivered. Carriers must file this report by the last day of each month even if no shipments were made that month. Completed reports should be mailed to the Utah State Tax Commission.
The Russian spirits market is facing new challenges that threaten its past growth drivers. Regulation of the alcohol market has increased through higher excise taxes, minimum retail prices, and restrictions on advertising and distributor licensing. These changes devalue strategies that previously supported growth, such as new brand launches and aggressive promotion. Companies now operate in a more restrictive regulatory environment with fewer opportunities and greater risks of losing licenses or facing penalties for illegal activities.
This Vermont tax document summarizes the income and tax information for a Vermont S Corporation with nonresident shareholders. It includes:
1) Income and adjustments calculated from the federal S Corporation tax return and schedules.
2) Calculation of the S Corporation's Vermont apportionment percentage.
3) Determination of each nonresident shareholder's share of the S Corporation's income apportioned to Vermont.
4) Instructions for completing the form and filing requirements.
2010 Toyota Sequoia color brochure provided by Miller Toyota of Culver City located in Culver City, CA. Find the 2010 Toyota Sequoia for sale in California; call about our current sales and incentives at 800-997-6024.
Apresentação citigroup 14a conferência anual da américa latina (inglês)Braskem_RI
Braskem held its 14th Annual Latin America Conference in New York City in March 2006. The presentation contained forward-looking statements and discussed Braskem's company overview, 4Q05 and FYE 2005 results, and future growth and value creation opportunities. Key highlights included record net income of $270 million in 2005, consistent EBITDA growth since 2002, and sound capital structure with declining financial leverage and average debt maturity of 11 years.
Courtesy Chevrolet eFinance DepartmentRalph Paglia
The document outlines Courtesy Chevrolet's integrated eBusiness strategy to attract, convert, respond to, appoint, sell to, service, and retain customers. It shows the dealership's eBusiness sales results which increased through a holistic eIntegrated marketing strategy. It also provides analysis of lead generation sources and opportunities, examples of search engine marketing results, and discusses expanding the strategy through targeted landing pages, microsites, and cost-effective outdoor media integration.
Opportunities And Resources For Small Fruit AndJulie Zakes
This document discusses opportunities for small fruit and strawberry production in Illinois. It notes that the number of farmers markets in the US and Illinois has tripled in recent decades, providing marketing opportunities. Fresh fruit consumption in the US has declined slightly but some fruits like blueberries and strawberries have increased substantially. The document then provides details on production, imports, exports and per capita availability and consumption of blueberries and strawberries from 2004-2008. It also discusses bramble production including blackberries, raspberries and their growth habits, varieties and planting recommendations.
This document provides an overview of Petrobras' 3rd quarter 2006 earnings conference call. It includes:
1) Domestic oil production increased 1.3% compared to the previous quarter due to new platform performances.
2) Lifting costs increased 8.5% due to higher transportation, seismic, and drilling expenses as well as initial operational costs for new fields.
3) Net income increased slightly to R$7.085 billion, with higher revenues offset by a change in how ANP calculates special participation costs in the Marlim field.
Gafisa reported strong financial results for 1Q10, with launches totaling R$703 million, up 339% YoY. Pre-sales reached R$857 million, a 53.5% increase YoY. Net revenue rose 67% to R$908 million, while adjusted EBITDA increased 120% to R$169 million with an 18.6% margin. Gafisa continued expanding its national footprint and consolidated land bank, which totaled R$15.6 billion. The company also completed a follow-on share offering that raised R$1.02 billion to fund growth initiatives.
Conferência btg pactual – fevereiro 2011Braskem_RI
Carlos Fadigas, CEO of BTG Pactual XII, presented at a conference in São Paulo in February 2011. The presentation discussed Braskem's growth into a global petrochemical leader through acquisitions of Quattor and Sunoco assets. It outlined Braskem's project pipeline for expansion in Latin America, including a new ethane cracker project in Mexico. The presentation emphasized Braskem's focus on sustainable chemicals and innovation in bioplastics. It highlighted Braskem's consistent financial performance through economic cycles.
2010 Toyota Sequoia brochures provided by Jerry Durant Toyota located near Dallas, TX. Find the 2010 Toyota Sequoia for sale in Texas; call about our current sales and incentives at (888) 290-2515.
Worldwide Mesh - Weaving the Context into Content #2Kantar
Integration across disciplines is increasingly important for understanding consumer behavior in today's Attention Economy. Brands must go beyond short-term "projects" and forge deeper relationships with consumers to stand out. While Indian advertising is effective at driving awareness, creative impact and branding could be improved to better engage consumers in this fragmented media landscape.
2010 Toyota Sequoia color brochure provided by Irwin Zone Toyota located near Concord, NH. Find the 2010 Toyota Sequoia for sale in New Hampshire; call about our current sales and incentives at 800-639-6700.
• B-Toto is worth a bet now as i) its core gaming operations remained resilient even
during the post-CNY off-peak period and appear likely to surpass our 6-7% gaming
revenue growth target for FY4/09, ii) 2009’s special draw allocations for all three
NFOs could take place over the next few weeks and iii) there is upside potential to its
6-8% gross dividend yield based on its policy of a minimum payout of 75% if B-Toto
dishes out higher dividends to lend its parent a helping hand.
• Adjusting earnings but implied yields still decent. We raise our FY09-11’s
revenue per draw growth assumptions by 2-4% pts following the stronger-thanexpected
YTD showing. But FY10-11’s bottomline is lowered by 4-5% as we also
raise our blended prize payout assumption from 62-64% to 63-64% to better reflect
the payout trends seen so far. FY09’s numbers are largely intact despite these
adjustments. Even after a 3-5% cut in our FY10-11 DPS projections (unchanged
80% payout ratio), our forecasts still imply a decent yield.
• Reiterate OUTPERFORM. Our DPS downgrades trim our end-CY09 target price
from RM5.95 to RM5.65, based on an unchanged 5% discount to its DDM value. We
continue to like B-Toto for its steady, low-risk topline growth, superior ROEs and
sustainable dividend yields. Being a low-beta stock, B-Toto may fall out of favour in a
rising market. However, we flag the likelihood of bumper dividends over the short
term. This is a potential share price catalyst that underpins our OUTPERFORM
recommendation, along with the normalisation of luck factor and market share gains.
This investor presentation provides an overview of Bayer Group's financial performance and outlook. It discusses Bayer's market leading positions, new product pipeline, and growth in emerging markets. The presentation summarizes Bayer's record sales and earnings in 2011, consistent strong cash generation from 2007-2011, and financial outlook for 2012. It anticipates global economic and political risks remaining high in 2012 and continued growth being driven by Asian emerging markets.
2010 Toyota Sequoia color brochure provided by Durant Toyota located near Fort Worth, TX. Find the 2010 Toyota Sequoia for sale in Texas; call about our current sales and incentives at (866) 825-4504.
2010 Toyota Sequoia brochure provided by Checkered Flag, located in Virginia Beach VA. Find the 2010 Toyota Sequoia for sale in Virginia; call about our current sales and incentives at 866-490-FLAG
Embraer achieved record production of regional jets, delivering 34 models in the quarter. This led to gross sales of over R$1 billion and net income growth over 500%. Key contracts with American and European airlines expanded orders for Embraer's regional jet models. Research and development made progress on new aircraft, while market share and profitability grew substantially in the commercial aviation and defense sectors.
Embraer has a diverse shareholder base with its shares traded on the Bovespa and NYSE. It aims to have good corporate governance with transparency, accountability and responsibility. Its board of directors has 11 members including government and employee representatives. It has overhauled its capital structure and accounting practices to increase flexibility and comply with new standards. It provides regular financial reports and forecasts continued growth in jet deliveries and revenues.
Petrobras announced strong financial results for the 2nd quarter of 2009. Oil production increased 6% compared to the first half of 2008 due to new platform startups. Lifting costs remained stable in US dollars despite higher oil prices. Net income doubled compared to the first quarter due to higher oil prices and sales volumes as well as cost cutting efforts. Capex continued to grow significantly, supported by expanding access to development banks and the capital market.
Banco Santander reported its 1Q09 results on April 29th, 2009. The presentation provided an overview of Brazil's macroeconomic scenario, noting that while GDP growth slowed in 2009 due to the global crisis, Brazil's fundamentals remain strong. It discussed how Brazil's financial system is well-capitalized and more resilient compared to previous crises. Finally, it summarized Santander's strategy and franchise in Brazil, highlighting the progress of its integration and how the combined network provides better service and access for its over 9 million customers.
Operational excellence, pricing to value, and pipeline drives are Monsanto's strategic playbook to double Seminis' gross profit from 2007 to 2012. Seminis is expected to outpace industry growth with a 6% CAGR through 2012 by focusing on key crops, shifting to higher value segments like protected culture, and launching 5 new products by 2012 including raised-head broccoli and improved-texture watermelon. The use of genetic mapping and marker assisted breeding could accelerate new product launches by 1-2 years.
This 3 sentence summary provides the key details about the Petroleum Products Carrier Report - Schedule of Deliveries 2A document:
The document requires carriers to report monthly on all deliveries of petroleum products from out-of-state terminals to locations in Utah, including details like the names and identification numbers of companies involved, transportation modes, origin and delivery locations, dates, document numbers, and gross and net gallons delivered. Carriers must file this report by the last day of each month even if no shipments were made that month. Completed reports should be mailed to the Utah State Tax Commission.
The Russian spirits market is facing new challenges that threaten its past growth drivers. Regulation of the alcohol market has increased through higher excise taxes, minimum retail prices, and restrictions on advertising and distributor licensing. These changes devalue strategies that previously supported growth, such as new brand launches and aggressive promotion. Companies now operate in a more restrictive regulatory environment with fewer opportunities and greater risks of losing licenses or facing penalties for illegal activities.
This Vermont tax document summarizes the income and tax information for a Vermont S Corporation with nonresident shareholders. It includes:
1) Income and adjustments calculated from the federal S Corporation tax return and schedules.
2) Calculation of the S Corporation's Vermont apportionment percentage.
3) Determination of each nonresident shareholder's share of the S Corporation's income apportioned to Vermont.
4) Instructions for completing the form and filing requirements.
2010 Toyota Sequoia color brochure provided by Miller Toyota of Culver City located in Culver City, CA. Find the 2010 Toyota Sequoia for sale in California; call about our current sales and incentives at 800-997-6024.
Apresentação citigroup 14a conferência anual da américa latina (inglês)Braskem_RI
Braskem held its 14th Annual Latin America Conference in New York City in March 2006. The presentation contained forward-looking statements and discussed Braskem's company overview, 4Q05 and FYE 2005 results, and future growth and value creation opportunities. Key highlights included record net income of $270 million in 2005, consistent EBITDA growth since 2002, and sound capital structure with declining financial leverage and average debt maturity of 11 years.
Courtesy Chevrolet eFinance DepartmentRalph Paglia
The document outlines Courtesy Chevrolet's integrated eBusiness strategy to attract, convert, respond to, appoint, sell to, service, and retain customers. It shows the dealership's eBusiness sales results which increased through a holistic eIntegrated marketing strategy. It also provides analysis of lead generation sources and opportunities, examples of search engine marketing results, and discusses expanding the strategy through targeted landing pages, microsites, and cost-effective outdoor media integration.
Opportunities And Resources For Small Fruit AndJulie Zakes
This document discusses opportunities for small fruit and strawberry production in Illinois. It notes that the number of farmers markets in the US and Illinois has tripled in recent decades, providing marketing opportunities. Fresh fruit consumption in the US has declined slightly but some fruits like blueberries and strawberries have increased substantially. The document then provides details on production, imports, exports and per capita availability and consumption of blueberries and strawberries from 2004-2008. It also discusses bramble production including blackberries, raspberries and their growth habits, varieties and planting recommendations.
This document provides an overview of Petrobras' 3rd quarter 2006 earnings conference call. It includes:
1) Domestic oil production increased 1.3% compared to the previous quarter due to new platform performances.
2) Lifting costs increased 8.5% due to higher transportation, seismic, and drilling expenses as well as initial operational costs for new fields.
3) Net income increased slightly to R$7.085 billion, with higher revenues offset by a change in how ANP calculates special participation costs in the Marlim field.
Gafisa reported strong financial results for 1Q10, with launches totaling R$703 million, up 339% YoY. Pre-sales reached R$857 million, a 53.5% increase YoY. Net revenue rose 67% to R$908 million, while adjusted EBITDA increased 120% to R$169 million with an 18.6% margin. Gafisa continued expanding its national footprint and consolidated land bank, which totaled R$15.6 billion. The company also completed a follow-on share offering that raised R$1.02 billion to fund growth initiatives.
Conferência btg pactual – fevereiro 2011Braskem_RI
Carlos Fadigas, CEO of BTG Pactual XII, presented at a conference in São Paulo in February 2011. The presentation discussed Braskem's growth into a global petrochemical leader through acquisitions of Quattor and Sunoco assets. It outlined Braskem's project pipeline for expansion in Latin America, including a new ethane cracker project in Mexico. The presentation emphasized Braskem's focus on sustainable chemicals and innovation in bioplastics. It highlighted Braskem's consistent financial performance through economic cycles.
2010 Toyota Sequoia brochures provided by Jerry Durant Toyota located near Dallas, TX. Find the 2010 Toyota Sequoia for sale in Texas; call about our current sales and incentives at (888) 290-2515.
Worldwide Mesh - Weaving the Context into Content #2Kantar
Integration across disciplines is increasingly important for understanding consumer behavior in today's Attention Economy. Brands must go beyond short-term "projects" and forge deeper relationships with consumers to stand out. While Indian advertising is effective at driving awareness, creative impact and branding could be improved to better engage consumers in this fragmented media landscape.
2010 Toyota Sequoia color brochure provided by Irwin Zone Toyota located near Concord, NH. Find the 2010 Toyota Sequoia for sale in New Hampshire; call about our current sales and incentives at 800-639-6700.
• B-Toto is worth a bet now as i) its core gaming operations remained resilient even
during the post-CNY off-peak period and appear likely to surpass our 6-7% gaming
revenue growth target for FY4/09, ii) 2009’s special draw allocations for all three
NFOs could take place over the next few weeks and iii) there is upside potential to its
6-8% gross dividend yield based on its policy of a minimum payout of 75% if B-Toto
dishes out higher dividends to lend its parent a helping hand.
• Adjusting earnings but implied yields still decent. We raise our FY09-11’s
revenue per draw growth assumptions by 2-4% pts following the stronger-thanexpected
YTD showing. But FY10-11’s bottomline is lowered by 4-5% as we also
raise our blended prize payout assumption from 62-64% to 63-64% to better reflect
the payout trends seen so far. FY09’s numbers are largely intact despite these
adjustments. Even after a 3-5% cut in our FY10-11 DPS projections (unchanged
80% payout ratio), our forecasts still imply a decent yield.
• Reiterate OUTPERFORM. Our DPS downgrades trim our end-CY09 target price
from RM5.95 to RM5.65, based on an unchanged 5% discount to its DDM value. We
continue to like B-Toto for its steady, low-risk topline growth, superior ROEs and
sustainable dividend yields. Being a low-beta stock, B-Toto may fall out of favour in a
rising market. However, we flag the likelihood of bumper dividends over the short
term. This is a potential share price catalyst that underpins our OUTPERFORM
recommendation, along with the normalisation of luck factor and market share gains.
This investor presentation provides an overview of Bayer Group's financial performance and outlook. It discusses Bayer's market leading positions, new product pipeline, and growth in emerging markets. The presentation summarizes Bayer's record sales and earnings in 2011, consistent strong cash generation from 2007-2011, and financial outlook for 2012. It anticipates global economic and political risks remaining high in 2012 and continued growth being driven by Asian emerging markets.
2010 Toyota Sequoia color brochure provided by Durant Toyota located near Fort Worth, TX. Find the 2010 Toyota Sequoia for sale in Texas; call about our current sales and incentives at (866) 825-4504.
2010 Toyota Sequoia brochure provided by Checkered Flag, located in Virginia Beach VA. Find the 2010 Toyota Sequoia for sale in Virginia; call about our current sales and incentives at 866-490-FLAG
Embraer achieved record production of regional jets, delivering 34 models in the quarter. This led to gross sales of over R$1 billion and net income growth over 500%. Key contracts with American and European airlines expanded orders for Embraer's regional jet models. Research and development made progress on new aircraft, while market share and profitability grew substantially in the commercial aviation and defense sectors.
Embraer has a diverse shareholder base with its shares traded on the Bovespa and NYSE. It aims to have good corporate governance with transparency, accountability and responsibility. Its board of directors has 11 members including government and employee representatives. It has overhauled its capital structure and accounting practices to increase flexibility and comply with new standards. It provides regular financial reports and forecasts continued growth in jet deliveries and revenues.
The Sensex, a key Indian stock market index, lost 253 points (1.84%) and closed at 13,504 points on July 10, 2009. Heavyweights like Reliance Industries fell sharply, down over 4%. Most sectoral indices declined, with energy, power and capital goods losing the most. Foreign funds were net sellers, shedding $59.6 million. Other Asian and European markets also closed lower.
Embraer released its third quarter 2009 results reported under US GAAP. Net sales were $1.246 billion, a 19.4% decrease from the prior year, due to lower revenues from commercial aircraft deliveries. Net income was $57.7 million, stable compared to the prior year. Embraer delivered 57 jets in total during the quarter, including 29 commercial jets, 27 executive jets, and one defense jet. The order backlog remained strong at $18.6 billion.
2006* ApresentaçãO Sobre AviaçãO Executiva Em Ny Somente Em InglesEmbraer RI
The document discusses the opening bell ceremony at the New York Stock Exchange on September 5th, 2006, where Luis Carlos Affonso, Executive Vice President of Executive Jets, was a guest. It then provides forward-looking statements and associated risks, an overview of the size and growth projections of the business aviation market, key demand drivers for that market, how "premium" customers remain underserved, issues with delays in airline travel, and how the industry is evolving business models to address these issues.
Embraer announced its second quarter 2005 results reported under US GAAP. Net sales were $812.4 million, down 12% from the prior year due to fewer aircraft deliveries. However, net income increased to $83 million compared to $80.2 million in the prior year. Embraer's order backlog grew to $10.9 billion. While gross margins declined slightly to 31.4% due to currency impacts, net margins improved to 10.2% compared to 8.7% in the prior year.
This document provides a summary of Embraer's corporate and business strategy, product strategy, financial performance, and market outlook. The key points are:
1) Embraer's strategy focuses on organic growth, margin enhancement, business diversification, and establishing itself as Brazil's defense leader.
2) In 2015, Embraer's order backlog was $22.5 billion, with 95-100 E-Jet deliveries expected.
3) Embraer forecasts 6,350 new 70-130 seat jet deliveries globally between 2015-2034 worth $300 billion.
This document provides a summary of an aircraft manufacturer:
1) The company was established in 1969 and has operations across four segments, including commercial and executive aviation, defense, and security. It has a global footprint and diversified customer base.
2) It has a strong balance sheet with a net cash position and investment grade ratings. The management team is highly experienced.
3) The company has a broad portfolio of commercial and executive aircraft, and is a leading supplier of regional jets between 30-120 seats. It has over 6,800 aircraft on order and forecasts strong future demand for its aircraft.
This presentation provides forward-looking statements and highlights for Embraer in 2009. It summarizes that Embraer achieved its operational targets for 2009 despite economic challenges. Key accomplishments included a 20% reduction in SG&A expenses, a $500 million bond issue, and increased market share in business jets. Financial results showed lower revenues but higher margins, EBITDA, and cash position compared to 2008. The outlook anticipates continued challenges in 2010 but guidance for net revenues of $5 billion, EBIT of $300 million, and investments of $300 million.
This presentation provides forward-looking statements and highlights for Embraer in 2009. It summarizes that Embraer achieved its operational targets for 2009 despite economic challenges. Key accomplishments included a net cash position of $500 million, a successful bond issue, cost reductions, increased market share in business jets, and progress on new aircraft programs. Financial results showed lower revenues but higher margins, reductions in expenses and inventory, and a return to profitability. Guidance for 2010 projects revenues of $5 billion and a return to growth.
- The company achieved or surpassed all 2010 guidance and projections. Net income was $0.7926 per share and $1.8252 per ADS.
- 97 commercial aircraft orders were placed and 101 deliveries were made. The company's customer base expanded to 58 customers in 39 countries.
- In executive jets, the company delivered 145 jets and achieved a 19% market share. A landmark order was received from NetJets.
- The KC-390 military aircraft received Letters of Intent from 6 countries for up to 60 aircraft. The Super Tucano was sold to Indonesia.
- The company was selected as one of the best companies to work for in Brazil for the second consecutive year. It was
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...Petrobras
Petrobras is a major international oil company headquartered in Brazil. It has over 500,000 shareholders worldwide and is 60% owned by private investors. Petrobras has proven oil and gas reserves of over 13.9 billion barrels of oil equivalent. The company is investing heavily to increase production, with a goal of producing over 2.4 million barrels per day of oil and natural gas by 2012.
The document provides information about Embraer's investor relations contact information and its business outlook. It summarizes Embraer's strategies around organic growth, margin enhancement, and business diversification. It also provides data on Embraer's aircraft deliveries and revenues by segment. The outlook estimates net revenues between $5.8-6.2 billion with commercial aviation accounting for $3.7-3.85 billion. The order backlog was $12.5 billion as of the fourth quarter of 2012.
The document provides information about Embraer's investor relations contact information and job openings. It then summarizes Embraer's business strategies and goals in commercial aviation, executive aviation, and defense and security. Charts show aircraft deliveries and order backlogs. Financial data is presented on revenues, revenues by segment and region, and the revenue outlook. Market share and competition in different aircraft size segments are discussed.
[/SUMMARY]
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This document provides a summary of Vale's performance in 4Q12 and 2012. Some key points include:
- Iron ore production reached a record high of 85.5 Mt in 4Q12, driven by the ramp up of new projects.
- Overall revenues declined due to lower metals prices, but operational margins remained strong at 31.5% in 2012.
- New growth projects like Salobo, Lubambe, and Voisey's Bay nickel are ramping up as planned and expected to be significant value creators.
- Safety and sustainability remain top priorities, with injury rates continuing to decline.
- The company is focused on capital discipline and unlocking value from its existing low
- Embraer reported financial results for the first quarter of 2011 with revenues of $1.77 billion (R$3.34 billion), a 20.2% gross margin, and net income of $174 million (R$208 million).
- Key orders in the quarter included 20 E-Jets for Alitalia and 10 E-Jets for Dniproavia.
- The firm order backlog reached $16 billion at the end of the quarter, providing visibility for future deliveries.
- Embraer reaffirmed its full year 2011 guidance with expected revenues of $5.6 billion, EBIT of $420 million, and EBITDA of $610 million.
- Embraer reported financial results for the first quarter of 2011 with revenues of $1.77 billion (R$3.34 billion), a 20.2% gross margin, and net income of $174 million (R$208 million).
- Key commercial aircraft orders in the quarter included 20 E-Jets for Alitalia and 10 E-Jets for Dniproavia.
- The firm order backlog reached $16 billion at the end of the quarter, providing visibility for future deliveries.
- Embraer reaffirmed its full year 2011 guidance with expected revenues of $5.6 billion, EBIT of $420 million, and EBITDA of $610 million.
2002* Aviation Day Organizado Pelo Banco ItaúEmbraer RI
The aerospace business is supported by 5 pillars: high technology, qualified people, global business, cash intensiveness, and flexibility. Embraer invests heavily in technology like virtual reality and digital mock-ups to reduce development cycles. It also invests over $60 million annually in training and has over 11,000 employees, with 29% having graduate degrees. Embraer has a global customer base in over 58 countries and operations in several countries. It requires significant cash investments, but partners help share risks. Embraer showed flexibility by adjusting production and laying off 1,800 employees in response to market changes after 9/11.
Embraer's aerospace business is supported by 5 pillars: high technology, qualified people, global business, cash intensiveness, and flexibility. The company invests heavily in research and development to support high technology. Over 25% of Embraer's 11,048 employees are engineers. Embraer has a global customer base of over 58 countries on 5 continents. The business requires significant cash investments, over $1 billion in the last 5 years alone. Embraer has demonstrated flexibility in adjusting production levels in response to market changes.
Embraer's aerospace business is supported by 5 pillars: high technology, qualified people, global business, cash intensiveness, and flexibility. The company invests heavily in research and development to support high technology, such as virtual reality modeling. It also invests in training and developing its large workforce. Embraer has a global customer base and operates worldwide. Developing new aircraft requires significant cash investments, which Embraer obtains through partnerships and capital market offerings. The company demonstrates flexibility by adjusting production levels in response to market demand changes.
- The company reported financial results for the second quarter of 2011, with revenues of $1.97 billion, a 45 aircraft delivery total, and 62 E-Jets sold.
- Gross margins increased to 24.3%, EBITDA was $197 million with a margin of 12.2%, and net income was $126 million.
- The outlook for 2011 was revised upward, with estimated revenues of $5.8 billion, EBIT of $465 million, EBITDA of $700 million, and margins of 8% and 12% respectively. Research spending was confirmed at $90 million while development was lowered to $160 million.
- The company reported financial results for the second quarter of 2011, with revenues of $1.97 billion, a 45 aircraft delivery total, and 62 firm E-Jet orders.
- Recent highlights included new orders from airlines and leasing companies, customer base expansion, and cooperation agreements.
- The presentation revised full-year 2011 outlook with increased expected revenues to $5.8 billion, EBIT to $465 million, and EBITDA to $700 million. Research spending is projected to remain $90 million while development spending will decrease to $160 million.
The document provides forward-looking projections and statements about the company's future financial performance, noting that actual results could differ from expectations. It highlights the company's financial results for the second quarter of 2010, including net revenues of $1.35 billion and an EBIT margin of 9.3%. The document also discusses the company's order backlog, deliveries, and positive signs for the commercial aviation business.
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- Net income for 2Q03 was US$4.9 million, down from US$44 million in 1Q03 due to currency fluctuations and delayed receivables collections.
- Embraer received 4 new orders for 170/190 jets totaling 115 aircraft and intends to open a new industrial facility in Jacksonville.
- Backlog remained strong at US$16.8 billion though lower than previous quarters due to aircraft deliveries and reduced 2003 delivery estimates.
5.0 embraer day ny march2016 defense r.15Embraer RI
This document provides an overview of Embraer's Defense & Security Aviation division, including highlights from 2015 and information on major programs. It discusses the KC-390 flight test campaign progress, financial results, key defense programs like the Gripen NG and Brazilian satellite, and international exposure through contracts in countries like the UK. The document outlines revenue, backlog, impacts from currency fluctuations, and expansion of service and support activities. It presents Embraer as offering an integrated portfolio of solutions including aircraft, satellites, radar, and mission systems.
4.0 embraer day br 2016 commercial aviation rev7Embraer RI
This document provides an overview and highlights of Embraer, a Brazilian aerospace company, and its E-Jets aircraft family. Some key points:
- Embraer had record backlog and deliveries in 2015 and received 176 new orders. The E2 series is in development.
- Financial results have been strong with rising revenues and deliveries between 2009-2015.
- The E-Jets have captured over half of the market share and outsold competitors, with over 1,200 delivered to 70 airlines in 50 countries.
- The E2 series is expected to provide fuel burn reductions of 16-24% per seat compared to previous models.
Embraer provides an overview of its executive jet business. It has experienced healthy business growth with a CAGR of 21% from 2002-2015. It now has a global footprint with over 975 jets delivered to over 60 countries. The document discusses Embraer's product portfolio and the market for executive jets, forecasting strong future growth in the small and medium jet segments. It highlights key achievements and models in Embraer's line-up, including high delivery and sales numbers for the Phenom 100E, Phenom 300, Legacy 450/500, and Lineage 1000E.
The document outlines the agenda for Embraer Day 2016 in Brazil, including presentations on 2015 results and 2016 guidance, commercial and executive aviation, defense and security, and Q&A sessions. Presenters include the Director of Investor Relations, President & CEO, Executive Vice President & CFO, and presidents of the commercial aviation, executive jets, and defense and security divisions. A cocktail reception follows from 5-7pm at the hotel.
This document provides an earnings results presentation for Embraer for 4Q15 and FY2015. It summarizes key financial highlights including a backlog of $22.5 billion, free cash flow generation of $178 million, and net revenues of $5.93 billion. It also outlines deliveries, financial results, segment performance, expenses, cash flow, debt profile, and the 2016 outlook with projected net revenues of $6-6.4 billion and EBITDA of $800-870 million.
The document provides an overview of Embraer's defense and security division, including its products and programs. Key points discussed include the KC-390 transport aircraft program, sales of the Super Tucano aircraft, and efforts to adjust programs in response to budget cuts from the Brazilian government. The document outlines Embraer's focus on finalizing KC-390 development, improving efficiency, boosting international sales, and adapting to the Brazilian budget situation.
This document provides an overview of the business jet market and Embraer's position within it. It discusses factors influencing the market recovery, including corporate profits, wealth levels, and used aircraft prices. Forecasts indicate slow but steady growth over the next decade. Embraer aims to strengthen its presence in light and midsize categories with new models and upgrades. Services are expanding with a new service center in São Paulo.
This document provides an overview of Embraer's corporate and business strategy, financial performance, product portfolio, and market outlook. Key points include organic growth and margin enhancement through new product lines; diversifying revenues and expanding customer base; improving market share and margins through product focus and customer support. Charts show growing order backlog, revenues, and aircraft deliveries as well as market forecasts through 2034 for 70-130 seat aircraft demand.
This document provides an overview of Embraer's corporate and business strategy, financial performance, commercial and executive jet portfolios and market outlook. The key points are:
- Organic growth, margin enhancement, business diversification and product strategy are priorities.
- Firm order backlog was $22.1 billion in 3Q15 with planned commercial jet deliveries of 95-100 E-Jets.
- Net revenues for 2015 are forecasted between $5.8-6.3 billion.
- The E-Jets family dominates the 70-130 seat market with over 1,600 orders and Embraer aims to establish the E2 as the most efficient aircraft in its class.
5 embraer day 2015 vae bf-final_v2_sc_siteEmbraer RI
This document summarizes Embraer's comprehensive product portfolio and strong growth over the past decade. Some key points include:
- Embraer has experienced 20% compound annual growth rate (CAGR) since 2002 and has grown its market share from 2.7% to 16.5% for executive aviation deliveries.
- It has a global footprint with over 70 service centers worldwide supporting more than 900 aircraft in 60 countries.
- Embraer consistently ranks highly in worldwide customer support and satisfaction surveys.
This document provides an overview of Embraer's corporate and business strategy, financial performance, commercial jet programs, and market outlook. Key points include growing revenues through new product launches like the E2 family, expanding the customer base globally, and forecasting strong demand in the commercial and executive jet markets with over 9,000 jet deliveries projected from 2015-2024.
This document contains Embraer's earnings results for the 3rd quarter of 2015. It highlights strong order backlog and aircraft deliveries. Net revenues increased compared to the same period last year. Income from operations and EBITDA margins were in line with expectations. However, net income was negative due to currency fluctuations. Research, development and capital expenditures remained on track with annual targets.
This document summarizes Embraer's business growth and global expansion over the past decade. Some key points include:
- Embraer has experienced 20% compound annual growth rate (CAGR) since 2002, increasing its market share of deliveries from 2.7% to 16.5%.
- It has a global footprint with 74 service centers worldwide and over 900 jets in service across 60 countries.
- Embraer has consistently ranked highly in worldwide customer support and satisfaction surveys.
2015 10 8 emb day - commercial rev-finalEmbraer RI
This document summarizes information about Embraer's commercial aviation business in 2015. It notes that Embraer delivered 122 commercial jets in 2015, had firm orders of 165 aircraft for the year, and expects deliveries of 95-100 and revenues of $3.2-$3.4 billion for 2015. It also provides an overview of Embraer's E-Jets family and the in-development E2 series, which is expected to provide fuel burn reductions of 16-24% per seat compared to current E-Jets models.
- Embraer Defense and Security achieved several accomplishments in recent years including sales of the Super Tucano to the US Air Force and progress on the KC-390 program.
- In 2015, Embraer faced new challenges including a 50% depreciation of the Brazilian real which reduced projected revenue by $1.1-1.25 billion and impacted programs.
- Embraer's main focuses moving forward are finalizing KC-390 development, improving operational efficiency, increasing international sales, and adjusting programs to the Brazilian government's budget.
This document contains Embraer's earnings results for the 3rd quarter of 2015. It highlights strong order backlog and aircraft deliveries. Net revenues increased compared to the same period last year. Income from operations and EBITDA margins were in line with expectations. However, net income was negative due to currency fluctuations. Research, development and capital expenditures remained on track with annual targets.
- Embraer delivered 122 commercial jets in 2015 and has a record backlog of 530 aircraft.
- Revenues in 2015 were between $3.2-3.4 billion, meeting guidance.
- The E-Jets E2 program is on schedule with 640 commitments so far and the E-Jets have a 60% market share in the 70-130 seat segment.
- The E-Jets E2 are expected to have 24% lower fuel burn per seat and 25% lower maintenance costs per seat compared to current E-Jets.
This document provides Embraer's earnings results for the 2nd quarter of 2015. It summarizes key highlights including record backlog, positive free cash flow, and net income. The outlook for 2015 is also revised with increased guidance for net revenues, EBITDA, and EBIT. Overall the document presents Embraer's financial performance and outlook in a favorable light with continued growth.
This document provides an overview of Embraer's corporate and business strategy, including:
- Organic growth, margin enhancement, business diversification, and organic growth through acquisitions.
- Establishing Embraer as the defense house of Brazil and focusing on product strategy, customer base expansion and excellence in customer experience.
- Details on Embraer's commercial jet portfolio, order backlog, revenues, and outlook for 2015 aircraft deliveries.
- Information on the E-Jets family and new E2 models in development.
This document provides Embraer's earnings results for the 2nd quarter of 2015. It highlights record backlog and free cash flow. Key metrics like operating income, net income, and earnings per share all increased over the prior year. The outlook for full year 2015 was revised with increases to expected revenues, EBITDA, EBIT, and net income. Aircraft deliveries remained strong with growth in commercial, executive, and defense segments.
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3. Highlights
Company established in 1969, with business in four segments.
Privatized in 1994 and listed in USA in 2000.
Strong Balance sheet with solid Net cash position.
Global footprint.
Broad customer base in commercial, executive and defense aviation segments.
Investment Grade rating by Moody’s and S&P.
Highly experienced management team.
3
4. Global Business
Operations in Brazil, USA, Europe and Asia One of Brazil’s largest exporters of manufactured goods
Dual listed in Brazil’s Bovespa (1989) and NYSE (2000) Diversified customer-base across five continents
France
Villepinte
Le Bourget
USA
Fort Lauderdale Portugal
Nashville Alverca
Mesa Évora*
China
Widson Locks
Louisville Beijing
Minneapolis Harbin
Melbourne*
Singapore
Singapore
Brazil
São José dos Campos
Gavião Peixoto
Botucatu
Taubaté
São Paulo
* Under construction Countries of Operation Factories Offices Service Centers Spare Parts Distribution Centers Contracted/ Planned Authorized Network
4
12. Worldwide Distribution
Commercial Jets Market Share Evolution Worldwide Diversified Customers Across 5 Continents
30-120 Seats Jets
North Asia Pacific /
America China
75%
15% 14%
Latin
60%
America Middle East /
Africa
17%
21%
45% 44%
43% Europe / CIS
33%
30%
Firm Orders
Asia Pacific / China
15%
4% 14%
3%
3%
2%
1% North Middle East /
0% 0% America Africa
1995 1998 2001 2004 2007 2010 44% 9%
Considering Accumulated Firm Orders:
Embraer Bombardier Comac Europe / CIS
Sukhoi Boeing Airbus 21%
Latin America
Antonov Mitsubishi
12%
12
13. E-Jets Deployment
6%
29%
21%
8% 32%
25% 5%
14%
8% 7%
6% 33%
5%
57% 5% 49%
40%
8% 62%
20% 12%
Europe 7%
11%
North C h in a
America 20%
33%
31% 39%
Middle East
8% 11%
49%
52% 50%
Latin Africa Asia P acific
America
World 50% 20% 9% 21%
Right-sizing New Markets Replacement Natural
of old Jets Growth
13
14. Embraer Market
Forecast (2010-2029)
Around 6,875 jet deliveries (30-120 seats) in the next 20 years (US$ 200 bi)
Russia /
CIS
Europe
North 405
155
America 1,510
580 6%
22%
2,400
840 China
35%
32%
Middle 340
950
Africa East
Projected Deliveries - Jets 14%
13%
Market Segment 2010 – 2019
2029
220
80 240
105
Latin Asia
3% 4%
(Seats) Deliveries Pacific
America
30-60 475
60 210
575
315
575 8%
61-90 2,515
1,015
12%
8%
91-120 3,885
1,550
30-120 6,875
2,625
14
15. World Replacement
Opportunities
(Jets 61-120 seats)
350
B737-500
Number of Aircraft 300
250 B737-200
Bae 146
200
150 F100
DC-9
TU-134
100
B717-200 YAK-42
50
F70 F28
0
5 15 25 35
Average Age (years)
Nearly 1,000 aircraft with more than 15 years old
15
20. 2011-20 Market Forecast
World Deliveries
Industry Deliveries (units)
Industry Revenues
240
200
160
US$ 210 Bi
US$ 169.6 Bi (10,000 jets)
120
(9,029 jets)
80
40
0
2000-10 2011-20
Historic Forecast
More than 10,000 jets: US$ 210 billion over the next 10 years
21. Business Jets Traffic
US/FAA Bizjet Flight Activity
220,000
2005
2007
190,000 2008
2006
160,000
2010
2009
130,000
100,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
European Bizjet Flight Activity
60,000
50,000
40,000 2008
2007
2010
2006
30,000 2009
2005
20,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
21
22. Pre Owned Market
Fleet for Sale
2008: Net increase of 1,100 a/c
Business Jets For Sale 2009: Net increase of 33 a/c
2010TD: Net decrease of 157 a/c
% for sale (per total fleet in operation) fleet from 6 to 10 yrs
3500 28%
up to 10 yrs % for sale fleet up to 5 yrs and positions 26%
% for sale (per total fleet
3000 in operation) to 5 yrs
fleet up fleet older than 10 yrs 24%
22%
positions 15.0% / 10.5%
2500 20%
% of active fleet
2647 jets / 896 jets
18%
2000 16%
Units
14%
1500 12%
10%
1000 8%
6%
500 4%
2%
0 0%
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q 1Q2Q3Q4Q 1
Q2Q3Q4Q 1
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q 1Q2Q3Q4Q 1Q2Q3Q4Q 1
Q2Q3Q4Q 1
Q2Q3Q4
99 00 01 02 03 04 05 06 07 08 09 10
Source: Embraer analysis – October 2010
22
24. Defense Products
and Services
ISR (Intelligence, Surveillance Advanced Training and
Transport of Authorities Military Tactical Transport
and Reconnaissance) Light Attack
Modernization Programs Services Command and Control
Systems
24
25. Super Tucano
• Firm orders: 172 aircraft
• Brazil: 99 • Training and COIN aircraft Market
• Colombia: 25 Forecast 2020
• Dominican Republic: 8 • 700 aircraft / US$ 8 bi
• Chile: 12
• Prospects:
• Ecuador: 18
• Undisclosed: 10
• South East Asia
• Africa
Deliveries: 146 aircraft Ref.: September 2010
• Americas
• To be delivered: 26 aircraft
26. EMBRAER KC-390
Length: 33.81 m (110.9 ft)
Wingspan: 35.06 m (115.0 ft)
Height: 10.26 m (33.7 ft)
• New tactical military transport aircraft • Currently in the “Initial Definition Phase”
• Payload: 23 ton / Range: 1400 nm • Market Forecast 2025: 700 aircraft / US$ 50+ bi
• Contract signed with Brazilian Air Force in April 2009
26
28. Business Highlights
Sale of 37 E-Jets at Farnbourogh.
Sale of 10 + 5 EMBRAER 190 jets to Air Lease Corp.
Argentina’s Austral received its first EMBRAER 190.
Embraer expands its Customer Support in China.
NetJets buys 50 Phenom 300, plus 75 options at NBAA.
Legacy 650 certified by ANAC and EASA. Deliveries in 4Q10.
Brazil, Chile, Colombia, Portugal, Czech Republic and Argentina signed LOI
for up to 60 KC-390 aircraft.
28
28
29. Financial Highlights
Firm order backlog remained stable at US$ 15.3 billion.
Net revenues of US$ 1.04 billion and gross margin of 22.1%.
EBIT of US$ 63 million and EBIT margin of 6.0%. YTD EBIT margin of 7.3%.
Net income totaled US$ 98.5 million. Earnings per ADS of US$ 0.5443.
Stable net cash position of US$ 623.8 million.
29
29
39. 2010 Guidance and
Outlook
Current Guidance - 2Q10 New Guidance
Net Revenues US$ 5.25 billion
EBIT US$ 340 million US$ 380 million
~12%
EBIT margin 6.50% 7.25%
Current Outlook New Outlook
EBITDA US$ 420 million US$ 460 million
~10%
EBITDA margin 8.0% 8.75%
R&D US$ 160 million
PP&E US$ 140 million ~30% US$ 100 million
39
41. 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.
41