Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Embraer october 2011 book
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2. Company Highlights Investment grade rating by Moody’s and S&P. Strong balance sheet with solid net cash position. Company established in 1969, privatized in 1994 and listed in USA in 2000. Sector leader in the Dow Jones Sustainability Index 2011/2012. Broad customer base in commercial and executive aviation, defense and security segments. Global footprint. Highly experienced management team.
5. Net Revenue Guidance 2011: Net Revenue - US$ 5.8 billion 2006-2008: US GAAP 2009-2010: IFRS * ** 2011: YTD Guidance US$ Million Executive aviation Commercial aviation Aviation services/others Defense and security Net Revenue Gross Margin
6. Firm Order Backlog Firm Order Backlog Backlog/Revenue (Years) US$ Billion
7. Revenue Breakdown Revenue by Segment Revenue by Region Commercial aviation Executive aviation Others Aviation services Defense and security 6.33 5.49 5.36 Net Revenue US$ Billion * 6.33 5.49 5.36 2008: US GAAP 2009-2010: IFRS * North America Brazil Europe Asia Pacific Latin America Others
12. Worldwide Distribution Diversified Customers Across 5 Continents Firm Orders Commercial Jets Market Share Evolution Worldwide Considering Accumulated Net Orders 60-120 Seats Jets Backlog Europe & CIS Middle East & Africa Latin America North America Asia Pacific & China 43% 30% 3% 7% 5%
20. 2011-20 Market Forecast World Deliveries More than 10,000 jets: US$ 210 billion over the next 10 years Forecast New bizjet deliveries (Units) ULTRA LARGE ULTRA-LONG RANGE LARGE SUPER MID-SIZE MID-SIZE MID-LIGHT LIGHT ENTRY*
24. Defense and Security Portfolio ISR (Intelligence, Surveillance and Reconnaissance) Advanced Training and Light Attack Transport of Authorities Modernization Programs Command and Control Systems Military Tactical Transport Services
25. Super Tucano • Firm orders: 180 aircraft • Brazil: 99 • Colombia: 25 • Dominican Republic: 8 • Chile: 12 • Ecuador: 18 • Indonesia: 8 • XE Aviation: 1 • Undisclosed: 9 • Deliveries: 156 aircraft • To be delivered: 24 aircraft • Prospects: • Latin America • South East Asia • USA • Africa
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27. EMBRAER KC-390 Main Partners Selected DRS Defense: cargo handling and aerial delivery system (CHS/ADS). Messier-Bugatti-Dowty : wheels, brakes, landing gear extension and retraction system, and nose wheel steering manifold. Goodrich: primary flight control system (electro-hydrostatic actuators, electro-backup hydrostatic actuators, actuator electronics, and electrical controls). Rockwell Collins : Pro Line Fusion avionics. ELEB: landing gears. Liebherr-Aerospace: environmental and cabin pressure control systems. Esterline : autothrottle system. IAE: V2500 engine. BAE Systems: fly-by-wire flight control systems (computers and electronics).
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29. Brazilian Army Priorities SISFRON Integrated Borders Monitoring System Estimate: US$ 4 Billion Comprising radars, communication networks, C4I, unmanned air vehicles (UAV) and armored vehicles
32. 8.0% Current Outlook New Outlook US$ 465 million ~11% 2011 Outlook Revision US$ 420 million Net Revenues EBIT EBIT margin US$ 5.6 billion 7.5% US$ 5.8 billion ~4% US$ 610 million EBITDA EBITDA margin 11.0% 12.0% US$ 700 million ~15%
33. Research Development US$ 90 million US$ 210 million CAPEX US$ 200 million 2011 Outlook Revision Current Outlook US$ Million YTD Outlook 38 83 71 90 160 200 Research Development CAPEX US$ 160 million New Outlook US$ 90 million US$ 200 million
35. Net Revenues / SG&A Expenses Net Revenues - US$ Million Net Revenues Gross Margin SG&A Expenses - US$ Million Selling Expenses G&A Expenses 142 167 173 143 151 Guidance 2011 - Net Revenue: US$ 5.8 billion
36. Income from Operations / EBITDA EBIT EBIT Margin Income from Operations - US$ Million EBITDA EBITDA Margin EBITDA - US$ Million EBIT: US$ 465 million EBIT Margin: 8% 2011 Outlook - EBITDA: US$ 700 million EBITDA Margin: 12% 2011 Outlook -
37. Net Income / Free Cash Flow Net Income - US$ Million Free Cash Flow - US$ Million Net Income Net Margin
38. Indebtedness Profile / Net Cash Indebtedness Maturity Net Cash - US$ Million Long-term Short-term Loans Average Maturity (Years) Total Debt 2Q11: US$ 1.72 Billion Total Cash 2Q11: US$ 2.13 Billion
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40. 2010 Accomplishments 10th anniversaries: NYSE Euronext listing. Presence in China, Singapore and GPX. Embraer elected for the 3rd 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.
43. Sustainability Initiatives Brazilian Alliance for Bio-fuel Reforestation Projects ISO 14001 and OHSAS 18001 Certifications Sustainability Initiatives 1st ethanol powered aircraft in the World Ipanema Recycling Corporate Values Greener Technology Social Activities
45. Investors’ Return Pay Out EPADS 2006-2008: US GAAP 2009-2010: IFRS * EPADS and Pay Out Dividend Yield (%)
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47. 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.