The document discusses Embraer's second annual investors and analyst meeting. It provides an overview of Embraer's capital structure, stock dividends, third quarter results including the income statement, balance sheet, and key performance indicators. It also discusses Embraer's investments, revenue, earnings, employees, production cycle, and the differences between Brazilian GAAP and US GAAP accounting standards.
1) Gafisa reported strong results in 1Q10 with launches up 339% and net revenues up 67% compared to 1Q09. Pre-sales were up 53% over 1Q09.
2) The company saw improvements in operating margins with adjusted EBITDA margin up 442 bps to 18.6% compared to 1Q09.
3) Backlog of revenues to be recognized was R$1.03 billion, up 2.7% over 1Q09. REF margin was 35.1% compared to 34.6% in 1Q09.
1. Gafisa reported financial results for 1Q11 with total revenues of R$800 million, down 12% year-over-year.
2. Launches totaled R$513 million, a 27% decrease from 1Q10. Contracted sales were R$822 million, down 4% from 1Q10.
3. Selling, general and administrative expenses remained stable compared to 1Q10, demonstrating Gafisa's ability to control costs.
Piaggio Group reported financial results for the first half of 2010. Net sales increased 3.2% to €820.8 million compared to the first half of 2009. EBITDA grew 9.3% to €117.5 million with an EBITDA margin of 14.3%. Net income increased 28.6% to €33.1 million. Volumes increased 8.5% to 340,800 units sold. The net financial position decreased slightly from €352 million at the end of 2009 to €341.7 million in the first half of 2010.
- The company reported strong financial and operational results for 2Q11, with launches up 37% and contracted sales up 29% compared to 2Q10.
- Net revenue increased 12% year-over-year, while adjusted EBITDA declined 18% due to lower margins.
- Recent developments included the appointment of a new CEO and CFO, as well as a R$170 million securitization of receivables.
- Alphaville was highlighted as a major growth driver through new brand extensions and focus on large urban developments.
Questions For Management And Directors, A Roadmap For Expansion And Growthharrylong
Fremont Michigan Insuracorp provides property and casualty insurance in Michigan. While it has a strong balance sheet and growing book value, its personal lines have become unprofitable despite growing premiums. The document raises concerns about this and questions what management is doing to address the issue. It suggests management should take actions like ranking agencies by losses, stopping credit scoring, and expanding operations outside of Michigan to improve profitability.
The document provides a safe harbor statement for any forward-looking statements made in the presentation. It notes that actual results could differ materially from projected results due to general economic conditions, competitive factors, legislative or regulatory changes, and other risks. The presentation agenda includes discussing Unum Group's business, 4Q-2007 results, how the company has changed, and its outlook. Financial guidance is provided for 2008 earnings per share, return on equity, capital position, and long-term trends through 2009 and beyond.
Terex is a leading manufacturer of construction and mining equipment with sales of $9.1 billion in 2007. It aims to grow sales to $12 billion by 2010 through organic growth and acquisitions while improving operating margins to 12% and reducing working capital to sales ratio to 15%. Terex has a diversified business across products and geographies that provides balance throughout the economic cycle.
The document provides an analysis of CMC's financial performance for the fiscal year ending March 31, 2006. Some key highlights include:
- Total revenue was up 9.6% at Rs. 858 cr compared to Rs. 782 cr last year driven by increases in ITeS, E&T, and international business.
- Operating profit was up 12% at Rs. 44.1 cr. Profit before tax grew 82% to Rs. 60.1 cr and profit after tax increased 91% to Rs. 44.1 cr.
- Revenue from customer services was up 14% while systems integration grew 39% and ITeS increased 68% over the previous fiscal year.
1) Gafisa reported strong results in 1Q10 with launches up 339% and net revenues up 67% compared to 1Q09. Pre-sales were up 53% over 1Q09.
2) The company saw improvements in operating margins with adjusted EBITDA margin up 442 bps to 18.6% compared to 1Q09.
3) Backlog of revenues to be recognized was R$1.03 billion, up 2.7% over 1Q09. REF margin was 35.1% compared to 34.6% in 1Q09.
1. Gafisa reported financial results for 1Q11 with total revenues of R$800 million, down 12% year-over-year.
2. Launches totaled R$513 million, a 27% decrease from 1Q10. Contracted sales were R$822 million, down 4% from 1Q10.
3. Selling, general and administrative expenses remained stable compared to 1Q10, demonstrating Gafisa's ability to control costs.
Piaggio Group reported financial results for the first half of 2010. Net sales increased 3.2% to €820.8 million compared to the first half of 2009. EBITDA grew 9.3% to €117.5 million with an EBITDA margin of 14.3%. Net income increased 28.6% to €33.1 million. Volumes increased 8.5% to 340,800 units sold. The net financial position decreased slightly from €352 million at the end of 2009 to €341.7 million in the first half of 2010.
- The company reported strong financial and operational results for 2Q11, with launches up 37% and contracted sales up 29% compared to 2Q10.
- Net revenue increased 12% year-over-year, while adjusted EBITDA declined 18% due to lower margins.
- Recent developments included the appointment of a new CEO and CFO, as well as a R$170 million securitization of receivables.
- Alphaville was highlighted as a major growth driver through new brand extensions and focus on large urban developments.
Questions For Management And Directors, A Roadmap For Expansion And Growthharrylong
Fremont Michigan Insuracorp provides property and casualty insurance in Michigan. While it has a strong balance sheet and growing book value, its personal lines have become unprofitable despite growing premiums. The document raises concerns about this and questions what management is doing to address the issue. It suggests management should take actions like ranking agencies by losses, stopping credit scoring, and expanding operations outside of Michigan to improve profitability.
The document provides a safe harbor statement for any forward-looking statements made in the presentation. It notes that actual results could differ materially from projected results due to general economic conditions, competitive factors, legislative or regulatory changes, and other risks. The presentation agenda includes discussing Unum Group's business, 4Q-2007 results, how the company has changed, and its outlook. Financial guidance is provided for 2008 earnings per share, return on equity, capital position, and long-term trends through 2009 and beyond.
Terex is a leading manufacturer of construction and mining equipment with sales of $9.1 billion in 2007. It aims to grow sales to $12 billion by 2010 through organic growth and acquisitions while improving operating margins to 12% and reducing working capital to sales ratio to 15%. Terex has a diversified business across products and geographies that provides balance throughout the economic cycle.
The document provides an analysis of CMC's financial performance for the fiscal year ending March 31, 2006. Some key highlights include:
- Total revenue was up 9.6% at Rs. 858 cr compared to Rs. 782 cr last year driven by increases in ITeS, E&T, and international business.
- Operating profit was up 12% at Rs. 44.1 cr. Profit before tax grew 82% to Rs. 60.1 cr and profit after tax increased 91% to Rs. 44.1 cr.
- Revenue from customer services was up 14% while systems integration grew 39% and ITeS increased 68% over the previous fiscal year.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
American Electric Power (NYSE: AEP) will share 2012 to 2014 plans, including 2012 ongoing earnings guidance (earnings excluding special items) and expected capital spend, during a meeting today with investors in New York.
The company is expected to announce an ongoing earnings guidance range for 2012 of $3.05 to $3.25 per share and set its 2012 capital budget at $3.1 billion. Capital expenditures for 2013 and 2014 are estimated at $3.5 billion to $3.7 billion per year.
The company reported financial results for 3Q11 that showed declines in launches and contracted sales compared to the previous quarter and prior year, though completed projects increased significantly. A new strategic plan aims to generate more cash and focus on long-term growth by slowing launch growth for the rest of 2011. Key metrics like gross margin and EBITDA declined from the prior periods but revenues, contracted sales, and backlog increased on a year-to-date basis.
Maybank - proposed dividend reinvestment plan EGM 14 may 2010guest6398289
The document proposes a dividend reinvestment plan and provides key financial highlights for Maybank for 3Q10 and 9M10. PATAMI for 3Q10 rose 104.7% YoY to RM1,030 million. For 9M10, PATAMI rose 60.5% YoY to RM2,906 million. Asset quality continued to improve with the net NPL ratio declining to 1.36%. The meeting will discuss and vote on the proposed dividend reinvestment plan.
1) Raytheon reported fourth quarter and full-year 2008 earnings results on January 29, 2009.
2) For the fourth quarter, Raytheon reported adjusted EPS of $1.13, up 18% from the prior year, though reported EPS was lower at $1.02 due to pension adjustments.
3) For the full year, adjusted EPS was $4.06, up 23% from 2007, while reported EPS was $3.95 due to the same pension adjustments.
The document summarizes Unum Group's fourth quarter 2007 results and provides an overview of the company. Key points include:
- Fourth quarter profits increased 15.8% year-over-year and the group disability benefit ratio declined.
- Unum US had strong sales growth while Unum UK sales declined due to legislative changes in the prior year.
- Colonial continued favorable benefit ratio trends and higher sales.
- Unum Group has diversified its earned premium base across business segments and geographies compared to prior years.
This document provides a summary of Northrop Grumman Corporation's Q4 and full year 2007 financial results. It highlights sales growth of 10% for Q4 and 6% for the full year. Segment operating margins increased 40 basis points for Q4 and 120 basis points for the full year. Earnings per share grew 2% for Q4 and 16% for the full year. The company also achieved record cash from operations of $2.9 billion and free cash flow of $2.1 billion for 2007. Positive trends are expected to continue into 2008 with projected sales of $33 billion and increases in other key financial metrics.
Piaggio Group reported a 3.3% increase in net sales to €351.7 million for the first quarter of 2011 compared to the same period last year. EBITDA grew 6.1% to €33.7 million, representing a 9.6% margin. Net income increased 4.1% to €3 million, maintaining an 0.8% margin on sales. Volumes were up 3.7% overall to 149,000 units sold, with strong growth in the Commercial Vehicles India segment.
Hyundai Commercial presented its 2012 financial results showing:
1) Operating income slightly decreased from the previous year due to increases in other operating expenses from government regulations.
2) While ordinary income decreased due to one-time factors, the company's fundamentals remained solid with a high return on assets of 3.01%.
3) The company maintained disciplined asset diversification across its financial businesses and stable capital levels above regulatory requirements.
The document summarizes Arteris' financial results for the fourth quarter and full year of 2012. It provides information on tolled traffic, toll tariffs, gross revenue composition, costs and expenses, and operational performance including adjusted EBITDA. Key highlights include a 3.9% increase in tolled traffic for 4Q12 compared to 4Q11 and a 6.7% increase in average toll tariff. Adjusted EBITDA was R$1,195 million for 2012 with a margin of 65.7%.
Multiplus reported strong growth in the second quarter of 2011. Points issued grew 51.4% year-over-year to 18.5 billion points, while gross billings increased 34.3% to R$354.6 million. Net income was R$81.2 million, an increase from R$23.1 million in the prior year quarter. The average breakage rate was stable at 23.3%. Multiplus uses currency hedges to mitigate foreign exchange risk from agreements denominated in US dollars, with a notional position of USD 171 million in hedges through 2014.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
Profarma is a Brazilian pharmaceutical wholesale distributor that had its IPO in 3Q06. Some key highlights from the document:
1) In 3Q06, Profarma reported gross revenues growth of 16.4% over 3Q05 and net income growth of 20.8%. Adjusted EBITDA grew 11.4% year-over-year.
2) Operating expenses as a percentage of net revenues declined across all categories compared to the prior year periods.
3) Since its IPO, Profarma's stock price has generally tracked the broader Brazilian market, with some volatility.
This document is a disclaimer for an investment presentation by Profarma. It states that the presentation does not constitute an offering or form the basis of any contract. The information provided should not be relied upon for investment decisions and contains forward-looking statements that are subject to risks. The document contains summary information that is not intended to be complete without additional context.
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
- The document summarizes Gafisa's third quarter 2009 results conference call.
- Key highlights include a 43% decrease in launches but a 48% increase in contracted sales compared to the previous year. Net revenues increased 131% while gross margins decreased.
- Recent developments discussed include strong sales in mid-to-mid-high segments, expansion of the affordable housing program, and plans to merge shares of Tenda into Gafisa to increase scale and efficiency.
- Gafisa has a diversified land bank of 313 sites in 21 states representing over 15 billion reais in potential sales.
The document summarizes Gafisa's third quarter 2009 results conference call. It discusses strong sales performance in the mid and mid-high housing segments. It also notes the expansion of the affordable housing program and Gafisa's growing national footprint. Financially, it highlights contracted sales growth of 48% and a backlog of over R$2.9 billion in revenues to be recognized. Over R$1 billion in new project launches are planned for the fourth quarter of 2009.
1) EDP Energias do Brasil reported EBITDA of R$364 million and net income of R$120 million for 3Q09.
2) Energy volume sold by the generation business increased 30% to 2,060 GWh due to an asset swap. Commercialized energy sales volume rose 36%.
3) Net revenue increased 2% to R$1,183 million. Manageable expenses dropped 8% for the seventh quarter in a row.
1) The company reported gross revenue of R$103.6 million in 3Q10, a 2.5% reduction from 3Q09. Gross profit increased 1.8% to R$28.3 million.
2) Net income grew 36.8% to R$7.2 million compared to the same period in 2009.
3) Key metrics for the CardSystem business showed a reduction in revenue and costs due to a contraction in the client base, while gross margin increased. The CSU.Contact business saw revenue growth of 5.4% but higher costs led to a decline in EBITDA.
2001 - Financial Results 3 Q Corporate LawEmbraer RI
The document summarizes Embraer's 3rd quarter 2001 results. Key points include delivery of 41 ERJ jets, including 13 after 9/11. Embraer received orders from the Brazilian Air Force, Midwest Airlines, and the Dominican Republic. As a result of 9/11, Embraer reduced staff by 1,800 to adapt to the new economic situation while maintaining capabilities. Backlog totaled $23.9 billion, including $11.2 billion in firm orders.
The document summarizes Embraer's 3rd quarter 2001 results. Key points include delivery of 41 ERJ jets, including 13 after 9/11. Embraer received orders from the Brazilian Air Force, Midwest Airlines, and the Dominican Republic. As a result of 9/11, Embraer reduced staff by 1,800 to adapt to the new economic situation while maintaining capabilities. Backlog totaled $23.9 billion, including $11.2 billion in firm orders.
1) Gafisa reported strong results in 1Q10 with launches up 339% and net revenues up 67% compared to 1Q09. Backlog of revenues to be recognized was R$1.03 billion, up 2.7% from 1Q09.
2) Key operational and financial highlights included increased sales velocity at Tenda, diversified high-quality land bank, and SG&A improvement with better expense ratios over top lines.
3) Recent developments positively positioned Gafisa for continued growth, such as the follow-on equity offering and expansion of the Minha Casa Minha Vida program.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
American Electric Power (NYSE: AEP) will share 2012 to 2014 plans, including 2012 ongoing earnings guidance (earnings excluding special items) and expected capital spend, during a meeting today with investors in New York.
The company is expected to announce an ongoing earnings guidance range for 2012 of $3.05 to $3.25 per share and set its 2012 capital budget at $3.1 billion. Capital expenditures for 2013 and 2014 are estimated at $3.5 billion to $3.7 billion per year.
The company reported financial results for 3Q11 that showed declines in launches and contracted sales compared to the previous quarter and prior year, though completed projects increased significantly. A new strategic plan aims to generate more cash and focus on long-term growth by slowing launch growth for the rest of 2011. Key metrics like gross margin and EBITDA declined from the prior periods but revenues, contracted sales, and backlog increased on a year-to-date basis.
Maybank - proposed dividend reinvestment plan EGM 14 may 2010guest6398289
The document proposes a dividend reinvestment plan and provides key financial highlights for Maybank for 3Q10 and 9M10. PATAMI for 3Q10 rose 104.7% YoY to RM1,030 million. For 9M10, PATAMI rose 60.5% YoY to RM2,906 million. Asset quality continued to improve with the net NPL ratio declining to 1.36%. The meeting will discuss and vote on the proposed dividend reinvestment plan.
1) Raytheon reported fourth quarter and full-year 2008 earnings results on January 29, 2009.
2) For the fourth quarter, Raytheon reported adjusted EPS of $1.13, up 18% from the prior year, though reported EPS was lower at $1.02 due to pension adjustments.
3) For the full year, adjusted EPS was $4.06, up 23% from 2007, while reported EPS was $3.95 due to the same pension adjustments.
The document summarizes Unum Group's fourth quarter 2007 results and provides an overview of the company. Key points include:
- Fourth quarter profits increased 15.8% year-over-year and the group disability benefit ratio declined.
- Unum US had strong sales growth while Unum UK sales declined due to legislative changes in the prior year.
- Colonial continued favorable benefit ratio trends and higher sales.
- Unum Group has diversified its earned premium base across business segments and geographies compared to prior years.
This document provides a summary of Northrop Grumman Corporation's Q4 and full year 2007 financial results. It highlights sales growth of 10% for Q4 and 6% for the full year. Segment operating margins increased 40 basis points for Q4 and 120 basis points for the full year. Earnings per share grew 2% for Q4 and 16% for the full year. The company also achieved record cash from operations of $2.9 billion and free cash flow of $2.1 billion for 2007. Positive trends are expected to continue into 2008 with projected sales of $33 billion and increases in other key financial metrics.
Piaggio Group reported a 3.3% increase in net sales to €351.7 million for the first quarter of 2011 compared to the same period last year. EBITDA grew 6.1% to €33.7 million, representing a 9.6% margin. Net income increased 4.1% to €3 million, maintaining an 0.8% margin on sales. Volumes were up 3.7% overall to 149,000 units sold, with strong growth in the Commercial Vehicles India segment.
Hyundai Commercial presented its 2012 financial results showing:
1) Operating income slightly decreased from the previous year due to increases in other operating expenses from government regulations.
2) While ordinary income decreased due to one-time factors, the company's fundamentals remained solid with a high return on assets of 3.01%.
3) The company maintained disciplined asset diversification across its financial businesses and stable capital levels above regulatory requirements.
The document summarizes Arteris' financial results for the fourth quarter and full year of 2012. It provides information on tolled traffic, toll tariffs, gross revenue composition, costs and expenses, and operational performance including adjusted EBITDA. Key highlights include a 3.9% increase in tolled traffic for 4Q12 compared to 4Q11 and a 6.7% increase in average toll tariff. Adjusted EBITDA was R$1,195 million for 2012 with a margin of 65.7%.
Multiplus reported strong growth in the second quarter of 2011. Points issued grew 51.4% year-over-year to 18.5 billion points, while gross billings increased 34.3% to R$354.6 million. Net income was R$81.2 million, an increase from R$23.1 million in the prior year quarter. The average breakage rate was stable at 23.3%. Multiplus uses currency hedges to mitigate foreign exchange risk from agreements denominated in US dollars, with a notional position of USD 171 million in hedges through 2014.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
Profarma is a Brazilian pharmaceutical wholesale distributor that had its IPO in 3Q06. Some key highlights from the document:
1) In 3Q06, Profarma reported gross revenues growth of 16.4% over 3Q05 and net income growth of 20.8%. Adjusted EBITDA grew 11.4% year-over-year.
2) Operating expenses as a percentage of net revenues declined across all categories compared to the prior year periods.
3) Since its IPO, Profarma's stock price has generally tracked the broader Brazilian market, with some volatility.
This document is a disclaimer for an investment presentation by Profarma. It states that the presentation does not constitute an offering or form the basis of any contract. The information provided should not be relied upon for investment decisions and contains forward-looking statements that are subject to risks. The document contains summary information that is not intended to be complete without additional context.
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
- The document summarizes Gafisa's third quarter 2009 results conference call.
- Key highlights include a 43% decrease in launches but a 48% increase in contracted sales compared to the previous year. Net revenues increased 131% while gross margins decreased.
- Recent developments discussed include strong sales in mid-to-mid-high segments, expansion of the affordable housing program, and plans to merge shares of Tenda into Gafisa to increase scale and efficiency.
- Gafisa has a diversified land bank of 313 sites in 21 states representing over 15 billion reais in potential sales.
The document summarizes Gafisa's third quarter 2009 results conference call. It discusses strong sales performance in the mid and mid-high housing segments. It also notes the expansion of the affordable housing program and Gafisa's growing national footprint. Financially, it highlights contracted sales growth of 48% and a backlog of over R$2.9 billion in revenues to be recognized. Over R$1 billion in new project launches are planned for the fourth quarter of 2009.
1) EDP Energias do Brasil reported EBITDA of R$364 million and net income of R$120 million for 3Q09.
2) Energy volume sold by the generation business increased 30% to 2,060 GWh due to an asset swap. Commercialized energy sales volume rose 36%.
3) Net revenue increased 2% to R$1,183 million. Manageable expenses dropped 8% for the seventh quarter in a row.
1) The company reported gross revenue of R$103.6 million in 3Q10, a 2.5% reduction from 3Q09. Gross profit increased 1.8% to R$28.3 million.
2) Net income grew 36.8% to R$7.2 million compared to the same period in 2009.
3) Key metrics for the CardSystem business showed a reduction in revenue and costs due to a contraction in the client base, while gross margin increased. The CSU.Contact business saw revenue growth of 5.4% but higher costs led to a decline in EBITDA.
2001 - Financial Results 3 Q Corporate LawEmbraer RI
The document summarizes Embraer's 3rd quarter 2001 results. Key points include delivery of 41 ERJ jets, including 13 after 9/11. Embraer received orders from the Brazilian Air Force, Midwest Airlines, and the Dominican Republic. As a result of 9/11, Embraer reduced staff by 1,800 to adapt to the new economic situation while maintaining capabilities. Backlog totaled $23.9 billion, including $11.2 billion in firm orders.
The document summarizes Embraer's 3rd quarter 2001 results. Key points include delivery of 41 ERJ jets, including 13 after 9/11. Embraer received orders from the Brazilian Air Force, Midwest Airlines, and the Dominican Republic. As a result of 9/11, Embraer reduced staff by 1,800 to adapt to the new economic situation while maintaining capabilities. Backlog totaled $23.9 billion, including $11.2 billion in firm orders.
1) Gafisa reported strong results in 1Q10 with launches up 339% and net revenues up 67% compared to 1Q09. Backlog of revenues to be recognized was R$1.03 billion, up 2.7% from 1Q09.
2) Key operational and financial highlights included increased sales velocity at Tenda, diversified high-quality land bank, and SG&A improvement with better expense ratios over top lines.
3) Recent developments positively positioned Gafisa for continued growth, such as the follow-on equity offering and expansion of the Minha Casa Minha Vida program.
Trina Solar held an earnings call to discuss its Q4 2012 and fiscal year 2012 performance. Key highlights included module and system shipments of 415MW and 1.6GW respectively. Revenue was $302.7 million for Q4 2012 and $1.3 billion for fiscal year 2012. Gross margins were low due to write-downs and provisions. The company provided guidance for Q1 2013 shipments of 420-430MW and fiscal year 2013 shipments of 2-2.1GW. Trina Solar has a strong balance sheet with $918 million in cash and manufacturing capacity of 2.4GW for modules and 2.4GW for cells. Regional sales breakdowns and commercial strategies were also discussed.
EDP Energias do Brasil reported its 2Q09 results. Key highlights include: 4%
- EBITDA of R$344 million and net income of R$213 million
- Energy volume sold by generation business up 29% year-over-year 18%
- Unveiling of full commercial operations at Santa Fé SHP
- Net revenue fell 1% due to elimination of Enersul figures 78%
- Manageable expenses down 12% for the sixth quarter in a row
- Approval and signature of long-term financing for Pecém I project
Bonds
BNDES/IDB
The presentation provides financial and operational details on EDP
1) The document discusses 3M's strategy for growth through customer value enhancement, continued commitment to operational excellence, and plans to drive higher earnings.
2) 3M aims to grow its core business, pursue complementary acquisitions, build new businesses through adjacencies and emerging business opportunities, and focus on international growth.
3) Near term actions to drive growth include capital investments in core manufacturing capacity expansions, 2006 acquisitions mostly of small companies, and a manufacturing strategy focused on strategic needs in the core or near adjacencies through bolt-on acquisitions.
Third Quarter 2007 results:
- Embraer delivered 47 jets in 3Q07 bringing total deliveries for the year to 108 jets.
- Net revenues increased to $1.4 billion in 3Q07, with a gross margin of 21.8%.
- Net income was $195 million in 3Q07, with a net margin of 13.6%.
- Backlog reached a record high of $17.2 billion at the end of 3Q07.
- Embraer delivered 28 commercial jets and sold 17 E-Jets in 3Q11, reaching 1,018 firm orders total. Six additional orders were placed with GECAS in October.
- Revenue was US$3.78 billion year-to-date, with a gross margin of 22.5%. Net income was US$126 million excluding deferred taxes.
- The firm order backlog reached US$16 billion as of 3Q11, and Embraer delivered its 800th E190 jet to China Southern Airlines during the quarter.
This document discusses the business environment and 1Q06 highlights for a company. It saw 23% CAGR in card base expansion in 2006 and competition differentiation through independence. Gross revenue was up 28% YoY in 1Q06 driven by increased market share in profitable segments like CardSystem and MarketSystem. Key strategies for 2006 include expanding market share in cards and markets, implementing a Caixa project, and boosting profits in TeleSystem and Credit&Risk units.
The document discusses TIM Participacoes S.A.'s 4Q08 results and re-launch plan. It provides key operational metrics for 4Q08 such as a 16.5% increase in total lines to 36.4 million with prepaid growing 21.8% and postpaid declining 3%. Churn increased to 9.8% in 4Q08. The document then outlines TIM's re-launch plan to regain market share through initiatives like brand repositioning, new offerings, and network optimization between 2009 Q1-Q4. The plan aims to return ARPU and revenue growth in 2H09.
This document provides an overview of TIM Participacoes S.A.'s 4Q08 results and the competitive Brazilian telecommunications market. It shows that in 4Q08, TIM's subscriber base grew 22% year-over-year to 36.4 million mainly due to pre-paid growth, while post-paid lines declined 3%. Revenue increased 5.1% in 2008. The document also outlines the large and growing Brazilian mobile market, noting high churn rates and increasing competitive pressures as the fourth mobile number portability program launches in 2009.
Bank of America reported second quarter 2007 results. Net income was $5.8 billion, up 4% from the previous year. Revenue increased 8% due to strong noninterest income growth across all business lines. Credit quality remained sound although provision expenses increased due to reserve builds. The company continued to see increases in deposits, assets under management, retail sales and checking account openings.
Energias do Brasil reported its third quarter 2007 earnings results in a conference call. The company's CEO, CFO, and investor relations officer presented operating and financial performance for the quarter. Energias do Brasil saw growth in energy distributed and volume sold, while facing challenges from rising costs and expenses. Overall, the company reported higher revenues but lower EBITDA compared to the previous year.
- Bank of America reported third quarter 2006 results with total revenue of $18.961 billion, an 11% increase from third quarter 2005, and net income of $5.416 billion, a 20% increase.
- Net interest income was $8.894 billion, a 1% increase, impacted by the sale of Brazilian operations and prior year FAS 133 impact. Noninterest income increased 20% to $10.067 billion.
- Global Consumer & Small Business Banking reported net income of $2.889 billion, a 13% increase, driven by increases in cards, deposits, and debit purchase volume.
6 Prudential's "Inside Our Best Ideas" Conferencefinance10
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GasLog Ltd. reported financial results for the third quarter of 2012 with Adjusted EBITDA of $9.7 million and Adjusted Profit of $4.0 million. The company paid a quarterly dividend of $0.11 per share and its 8 new LNG carriers under construction remain on schedule and within budget. GasLog maintained 100% utilization of its vessels during the quarter and sees continued strong fundamentals in the LNG industry.
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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.
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.
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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.
2. Foward Looking Statements
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 markets; management’s expectations and estimates
concerning our future financial performance, financing plans and programs, and the effects of
competition; successful development and marketing of the ERJ 170/190 regional jet family; our
level of debt; anticipated trends in our industry; our expenditure plans; inflation and devaluation; our
ability to develop and deliver our products on a timely basis; and existing and future governmental
regulation.
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.
6. Capital Structure – Evolution
Brazilian
YE00 1Q01 2Q01 3Q01 4Q01
Shares
Common 242,544,448 242,544,448 242,544,448 242,544,448 242,544,448
Preferred 300,865,426 300,865,426 378,768,426 378,768,426 379,738,426
TOTAL 543,409,874 543,409,874 621,312,874 621,312,874 622,282,874
ADS
Equivalent 135,852,469 135,852,469 155,328,219 155,328,219 155,570,719
Conversion Rights:
Stock Option: 14.8 million of options equivalent to 3.7 million of ADSs
were granted and not exercised.
7. Capital Structure – Stock Dividends
Stock Dividend Announcement:
As earnings reserve cannot exceed existing paid in capital.
Incorporation of R$ 342 MM earnings reserve to the paid in Capital with
the issuance of 88.4 million of preferred shares (equivalent to 22,1
ADSs) to all shareholders.
Obejective to increase liquidity of Preferred Shares
Share As of % As of %
Class Today Total capital Stock Dividend Mrach 02 Total capital
Common 242.544.448,00 39% 242.544.448,00 34%
Preferred 379.738.426,00 61% 88.430.168,00 468.168.594,00 66%
Total Shares Outstanding 622.282.874,00 100% 710.713.042,00 100%
ADS Equivalent 155.570.718,50 22.107.542,00 177.678.260,50
35. Differences Brazilian Gaap & US Gaap
The Company’s accounting policies comply with the Corporate Law
& Brazilian Gaap.
Corporate Law:
Does not recognize the effects of changes in the purchasing power of the
Brazilian currency. Used as local reporting policy for taxes purposes and
for the Brazilian Exchange Commision – CVM
Brazilian Gaap:
Recognizes effects of changes in the purchasing power of Brazilian
currency due to inflation and is expressed in constant Reais. The
Company uses the General Market Price Index (IGPM) which is published
by Fudação Getúlio Vargas – FGV.
US Gaap:
The effects of the price level adjustments are not eliminated in the
reconciliation to US Gaap
36. Differences Brazilian Gaap & US Gaap
Foreign Currency Translation
Brazilian Gaap:
Does not recognize a functional currency for a Brazilian Company
reporting in Reais.
US Gaap:
The majority of the Company’s Sales Revenues, Cost of Sales and
Financing Costs are denominated in or indexed to US Dollar. Therefore
the US Dollar its been used as functional currency.
37. Differences Brazilian Gaap & US Gaap
Revaluation of PP&E
Brazilian Gaap:
Revaluations may be recorded, providing certain formalities are complied
with. The revaluation increment is credited to a reserve account in
Shareholders’ equity and transferred to retained earnings as the related
assets are depreciated or upon disposal.
US Gaap:
The PP&E are reported as their historical cost less accumulated
depreciation; revaluations are not permited.
38. Differences Brazilian Gaap & US Gaap
Organizational & Preoperating Costs
Brazilian Gaap:
Preoperating expenses incurred in the construction or expenasion of a
new facility may be deferred until the facility begins commercial
operations. All cost related to the start up may also be capitalized. The
amount as ajusted for monetary correction, when appropriate, is amortized
over a period of five to tem years.
US Gaap:
The rules are more restrictive. Construction and expensions costs are
allocated to PP&E; preoperating and start up costs expenses are charged
to operations, and costs of start up activities and organization costs are
expensed as incurred.
39. Differences Brazilian Gaap & US Gaap
Deferred Charges
Brazilian Gaap:
R&D for new aircraft types, new production lines or operations are
capitalized or deferred for amortization over the period of time from the
date the related production benefits or operations begin.
US Gaap:
R&D divided into two categories: R&D and Additions to Fixed Assets.
R&D Costs: is the expense actually associated with the design and
development of the aircraft and are expensed as they are incurred.
Additions to Fixed Assets: rellate solely to tooling built by the Company
and required for the project, and treated as additions to PP&E, depeciated
on the straight-line basis over twenty years.
40. Differences Brazilian Gaap & US Gaap
Income Tax
Brazilian Gaap:
Income Tax rate is approximatelly 38.0% based on the Company’s (non
consolidated results).
Possibilty of recongnising the tax loss carryfoward benefit.
US Gaap:
As we are a Brazilian Company we pay tax based on our Corporate Law
Income.
Also, we do not have the tax loss carryfoward benefit.
41. Differences Brazilian Gaap & US Gaap
Earnings per Share
Brazilian Gaap:
Disclousure of earnings per share is computed based on the number of
shares outstanding at the end of the period.
US Gaap:
Because the preferred and common shares have different dividend, voting
and liquidation rights basic and diluted earnings per share are caluculated
using the “two class method”:
42. Differences Brazilian Gaap & US Gaap
Other Differences
• Computer Software Obtained for Internal Use
• Capitalization of Financing Costs During Construction
• Leasing Transactions
• Income Taxes
• Reversal of Proposaed Dividends
• Financial Instruments and Concentration of Credit Risk
43. Financial Presentation
Corporate Law
Figures were converted into US dollars using the average rate or the final
commercial rate for the Income Statement and Balance Sheet respectively, for
the corresponding periods.
US Gaap
The historical US GAAP data were deflated and converted using the U.S. dollar
exchange rate at the end of the period presented.