Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Conference Call 4Q13
1. 4th QUARTER & FY 2013
EARNINGS RESULTS
Cargo do Apresentador
February 26, 2014
2. 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.
3. Financial Highlights
The Company met its 2013 outlook for Net Revenues, Margins and Aircraft Deliveries.
Net Revenues reached US$ 6,235 million in 2013 and US$ 2,304 million in
4Q13, representing the highest ever quarterly revenues for the Company.
2013 EBIT and EBIT Margin were US$ 713 million and 11.4%.
2013 EBITDA and EBITDA Margin were US$ 1,004 million and 16.1%.
Free Cash Flow was US$ 213 million and Net Cash reached US$ 429 million in 2013.
As part of Embraer’s ongoing liability management, the Company
completed an exchange offer of Notes extending their maturity until 2023.
Total firm order backlog reached US$ 18.2 billion, its highest level in five years.
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4. Corporate Highlights
Embraer was awarded and recognized by many renowned publications and
institutions as one of the best companies in Brazil and abroad in several categories.
Embraer joined the World Economic Forum Partnering Against Corruption Initiative
(PACI), a global, multi-industry, multi-stakeholder anti-corruption initiative.
Embraer listed for the 4th consecutive year on the Dow
Jones Sustainability Index and also on the ISE in Brazil.
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5. Highlights
Delivery of 90 E-Jets in 2013 of which 32 were in 4Q13.
Embraer launched the E-Jets E2 Program which to
date have reached 200 firm orders plus 200 options.
349 new E-Jets (E1&E2) were sold in 2013, reaching 1,427
aircraft and a customer base of 65 airlines in 45 countries.
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6. Highlights
Delivery of the 1,000th E-Jet production aircraft to Republic
Airlines, which is being operated on behalf of American Eagle.
Embraer received American Airlines’ order for
up to 150 E175 jets (60 firm plus 90 options).
Saratov Airlines became the first Russian
E-Jet operator with two E195.
Air Costa (India) placed a firm order for 50 E-Jets E2 plus
50 options of the E190-E2 and E195-E2 models. (1Q14)
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7. Highlights
Delivery of 119 executive jets in 2013 (90 light jets
and 29 large jets). 53 jets delivered in 4Q13.
Phenom family surpassed 470 aircraft deliveries to 29 countries.
Phenom 300 was the most delivered executive jet in the industry in 2013.
Legacy 500 reached more than 1,100 hours in flight test
campaign. EIS is scheduled for first half of 2014.
Legacy 450 first flight in December 2013.
EIS expected in 2015.
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8. Highlights
First China-assembled Legacy 650 was delivered to first client.
Launch of the new Lineage 1000E.
Embraer Executive Jets won the second place ranking for the second consecutive year
in the product support survey from Aviation International News (AIN).
Expansion of authorized service center network
with six new facilities added in 2013, totaling six
wholly-owned and 70 authorized service centers.
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9. Highlights
Defense & Security revenues grew 15% in 2013 and reached US$ 1.2 billion.
In the air traffic segment, Atech signed a contract to implement
the SAGITARIO system in several regions of Brazil.
Visiona signed contract for the Geostationary
Defense and Strategic Communication Satellite.
In 2013, Bradar delivered seven Saber M60 low altitude
surveillance radars to the Brazilian Armed Forces which
now has 22 in operation. It also signed a contract to
supply one Sentir M20 radar to the Brazilian Army.
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10. Highlights
Embraer Defense & Security finished adapting the hangar of the
Jacksonville, Florida plant to start production of the Super Tucano.
First delivery for the USAF LAS Program scheduled for mid 2014.
Delivery of the final three Super Tucano
aircraft to the National Air Force of Angola.
Embraer Defense & Security delivered the second modernized
A-1 (A-1M) fighter jet to the Brazilian Air Force and performed
the first flight of the two-seater prototype.
KC-390 development program ongoing with the beginning
of production of parts for assembly of the first prototype,
which will fly for the first time in late 2014.
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31. 2014 Business Units Outlook
Deliveries: 92 to 97 E-jets
Net Revenues
US$ 3.20 – 3.40 Billion
Deliveries: 80 to 90 light jets
25 to 30 large jets
Net Revenues
US$ 1.50 – 1.70 Billion
Net Revenues
Other Revenues
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US$ 1.20 – 1.30 Billion
US$ 100 Million
