guidance ir - 2013
DESCRIPTION
TRANSCRIPT
Job Position
2013 OUTLOOK AND PERSPECTIVES
2012 DELIVERIES & BACKLOG
Aircraft Deliveries
Large Jets - Legacy & LineageLarge Jets - Legacy & Lineage
Light Jets - PhenomLight Jets - Phenom
Commercial JetsCommercial Jets Executive JetsExecutive Jets
133
165
125101 106105
2007 2008 2009 2010 2011 2012
36 3721
126
83
19 16 22
2
98
77
2007 2008 2009 2010 2011 2012
Firm Order Backlog
US$ Billion
15.4 14.712.9 12.4 12.5
4Q11 1Q12 2Q12 3Q12 4Q12
2013 OUTLOOK
Strategic Outlook
• Global economy continues to grow at a modest pace.
• Airline global traffic growing along with profitability expectations for the
industry.
• U.S. scope clauses relaxation for 76 seat jets opening new business
opportunities for the E175.
• Order activity in Commercial Aviation has potential to exceed 2012 levels.
• E-Jets continuous development strategy assuring maintenance of
leadership position in the 60 to 120 seat market. Engine and avionics
selection already completed for second generation E-Jets.
• Executive Aviation market recovery in slow motion.
• First Legacy 650 assembled in China’s facility delivery in 2013.
• Market share growth with the Legacy 450 & 500 introduction and
customer support infrastructure expansion.
• Recognized executive aviation customer support solutions: AIN
and Pro-Pilot surveys.
Strategic Outlook
• Establish Embraer as a major player in the Brazilian Defense &
Security market.
• Growing activity in KC-390 development.
• Portfolio diversification through participation in Brazilian
projects such as SISFRON and others.
• On-going P3E efforts to maximize productivity and cost control.
• Financial Discipline.
Strategic Outlook
2013 Consolidated Outlook
Net Revenues
EBIT EBITDAUS$ 530 – 610 Million US$ 530 – 610 Million
US$ 5.9 – 6.4 BillionUS$ 5.9 – 6.4 Billion
US$ 770 – 900 Million US$ 770 – 900 Million
EBITDA margin 13.0% – 14.0%13.0% – 14.0% EBIT margin 9.0% – 9.5%9.0% – 9.5%
Guidance Comparison
2013 Consolidated Outlook
EBITDA margin
12.5% – 13.5%12.5% – 13.5%EBITDA
US$ 720 – 840 Million US$ 720 – 840 Million
Net Revenues
EBITUS$ 520 – 590 Million US$ 520 – 590 Million
US$ 5.8 – 6.2 BillionUS$ 5.8 – 6.2 Billion
US$ 770 – 900 Million US$ 770 – 900 Million 13.0% – 14.0%13.0% – 14.0%
EBITmargin
9.0% – 9.5%9.0% – 9.5%
2012
US$ 5.9 – 6.4 BillionUS$ 5.9 – 6.4 Billion63% 52%
20%25%
15% 21%2% 2%
2012 2013
US$ 530 – 610 Million US$ 530 – 610 Million 9.0% – 9.5%9.0% – 9.5%
2013
2012
2013
Commercial Aviation
Commercial Aviation
Executive Aviation
Executive Aviation
Defense & Security
Defense & Security
OthersOthers
2012
2013
2012
2013
2012
2013
Deliveries: 80 to 90 light jets 25 to 30 large jets
Net Revenues
Deliveries: 90 to 95 E-jets
Net Revenues US$ 3.20 – 3.35 BillionUS$ 3.20 – 3.35 Billion
Other Revenues US$ 50 – 100 MillionUS$ 50 – 100 Million
US$ 1.40 – 1.60 BillionUS$ 1.40 – 1.60 Billion
Net Revenues US$ 1.25 – 1.35 BillionUS$ 1.25 – 1.35 Billion
2013 Business Units Outlook
2013 Investment Outlook
TOTAL INVESTMENTS: US$ 580 Million TOTAL INVESTMENTS: US$ 580 Million
Research US$ 100 Million US$ 100 Million
Development US$ 300 Million US$ 300 Million
CAPEX US$ 180 Million US$ 180 Million
Summary
Short Term Outlook
•Resilient organic growth.
•Continuous focus on diversification, efficiency and customer
satisfaction.
•Financial solidness and discipline.
Mid to Long Term Outlook
•Sustainable revenue growth and improved product mix (EIS
Legacy 500 & 450, KC-390 and E-Jets 2nd generation).
•Increased operating leverage and efficiency.