Bombardier Inc
F:BBDB

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Bombardier Inc
F:BBDB
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Price: 25.56 EUR 2.24% Market Closed
Market Cap: €62.4B

Bombardier Inc
Investor Relations

Bombardier makes business jets. It designs, builds, and sells large private aircraft such as the Challenger and Global families, which are used by companies, wealthy individuals, governments, and charter operators that need fast point-to-point travel. The company also sells parts, maintenance, upgrades, and other support services for the aircraft it has delivered. Bombardier makes money in two main ways: selling new jets and providing long-term service and support after the sale. The service side matters because business aircraft need regular maintenance, spare parts, inspections, and cabin or avionics upgrades over many years. That gives Bombardier a recurring relationship with owners and operators, not just a one-time sale. What makes Bombardier different is its focus on the large-cabin business aviation market rather than commercial airlines or mass-market aircraft. It sits near the top of the value chain as both a designer and manufacturer of high-end jets, and it depends on a network of suppliers, completion centers, maintenance shops, and dealers to deliver and support those aircraft worldwide.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 3, 2023
AI Summary
Q2 2023

Revenue Growth: Revenue rose 8% year-over-year to $1.7 billion in Q2, driven by strong service activity and aircraft deliveries.

Profitability Surge: Adjusted EBITDA jumped 37% year-over-year to $275 million, with margins reaching a record 16.4%.

Aftermarket Strength: Aftermarket revenues hit a record $428 million, up 19% year-over-year, supporting Bombardier's long-term objectives.

Free Cash Flow Outlook: Company reaffirmed full-year free cash flow guidance of more than $250 million, expecting a significant release of inventory in Q4.

Delivery and Backlog: Bombardier remains confident in delivering over 138 aircraft in 2023, with a healthy backlog of $14.9 billion and a book-to-bill ratio of 1.1 in Q2.

Deleveraging Progress: Adjusted net leverage improved to 4.5x from 6x a year ago, and liquidity stands at $1.2 billion.

Guidance Reaffirmed: Full-year revenue, EBITDA, and delivery guidance were maintained, with management expressing strong confidence in hitting targets.

Key Financials
Revenue
$1.7B
Adjusted EBITDA
$275M
Adjusted EBITDA Margin
16.4%
Aftermarket Revenue
$428M
Aircraft Deliveries
29
Book-to-Bill Ratio
1.1 (Q2), 1 (first half)
Backlog
$14.9B
Adjusted EBIT
$190M
Adjusted Net Income
$80M
Adjusted EPS
$0.72
Free Cash Flow
-$222M (Q2 usage)
Available Liquidity
$1.2B
Adjusted Net Leverage
4.5x
Earnings Call Recording
Other Earnings Calls

Management

Mr. Éric Martel
President, CEO & Director
No Bio Available
Mr. Daniel Patrick Brennan
Senior Vice President of People & Sustainability
No Bio Available
Mr. Paul Sislian
Executive Vice President of Bombardier Aftermarket Services & Strategy
No Bio Available
Mr. David Murray
Executive Vice President of Manufacturing, IT & Bombardier Operational Excellence System
No Bio Available
Mr. Francis Richer de La Fleche
Vice President of Financial Planning & Investor Relations
No Bio Available
Mr. Martin LeBlanc
VP and Chief Ethics & Compliance Officer
No Bio Available
Mr. Pierre Gagnon
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Eve Laurier
Vice President of Communications, Public Affairs & Marketing
No Bio Available
Ms. Brigitte Lariviere
Head of Value Chain & Functional Experience
No Bio Available
Mr. Jean-Christophe Gallagher
Executive Vice President of Aircraft Sales & Bombardier Defense
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
2900-800 Rene-Levesque Blvd W, 29E Etage
Contacts
+15148619481.0
www.bombardier.com
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