Embraer Announces Its Second Quarter 2014 Results

Jul 31, 2014, 06:15 ET from Embraer S.A.

SAO JOSE DOS CAMPOS, Brazil, July 31, 2014 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its second quarter 2014 results.

HIGHLIGHTS

  • In the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and 29 executive (22 light and 7 large) jets;
  • The Company's firm order backlog ended 2Q14 at US$ 18.1 billion;
  • As a result of aircraft deliveries, coupled with revenues from the Company's Defense & Security business, 2Q14 Revenues were US$ 1,761.3 million, for year-over-year growth of 13.1%. Year-to-date (YTD) Revenues in the first six months of 2014 were US$ 3,003.6 million, representing year-over-year growth of 13.6%;
  • EBIT and EBITDA margins were 10.6% and 14.8% respectively, in 2Q14, and for the first six months of 2014 were 9.3% and 13.7%, respectively;
  • 2Q14 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 143.4 million and US$ 0.7829, respectively. For the first half of 2014, Net income attributable to Embraer Shareholders was US$ 254.0 million and Earnings per basic ADS was US$ 1.3867;
  • The Company's 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.

MAIN FINANCIAL INDICATORS

in millions of U.S. dollars, except % and earnings per share data

IFRS

(1)

1Q14

(1)

2Q13

(1)

2Q14

(1)

YTD14

Revenue

1,242.3

1,557.0

1,761.3

3,003.6

EBIT

92.1

135.3

186.8

278.9

EBIT Margin %

7.4%

8.7%

10.6%

9.3%

EBITDA

151.0

203.7

261.4

412.4

EBITDA Margin %

12.2%

13.1%

14.8%

13.7%

Adjusted Net Income2

62.9

91.8

128.8

191.8

Net income (loss) attributable to Embraer Shareholders

110.6

(5.3)

143.4

254.0

Earnings (loss) per share - ADS basic  (US$)

0.6044

(0.0291)

0.7829

1.3867

Net Cash

52.7

58.0

(114.3)

(114.3)

(1) Derived from unaudited financial information

For additional information, please check the full document in our website: http://ri.embraer.com.br

INVESTOR RELATIONS

Luciano Froes, Caio Pinez, Christopher Thornsberry, Claudio Massuda, Nadia Santos and Paulo Ferreira (+55 12) 3927-4404 investor.relations@embraer.com.br http://ri.embraer.com.br Follow Embraer's IR Department on twitter: @IREmbraer

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 2Q14 Results on Thursday, July 31, 2014 at 10:30am (SP) / 9:30am (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com

Telephones: Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574 Operator Assisted International Dial-In Number: (708) 290-0687 Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone) Code: 69304532

CONTACTS:

Headquarters (Brazil) Rosana Dias rosana.dias@embraer.com.br Cell: +55 12 9724 4929 Tel.: +55 12 3927 1311 Fax: +55 12 3927 2411

North America Robert Stangarone rstangarone@embraer.com Cell: +1 954 260 9939 Tel.: +1 954 359 3101 Fax: +1 954 359 4755

Europe, Middle East and Africa Herve Tilloy herve.tilloy@embraer.fr Cell: +33 6 0864 3545 Tel.: +33 1 4938 4530 Fax: +33 1 4938 4456

China Mirage Zhong mirage.zhong@bjs.embraer.com Cell: +86 138 1191 8053 Tel.: +86 10 6598 9988 Fax: +86 10 6598 9986

Asia Pacific Nilma Missir-Boissac Nilma.boissac@sin.embraer.com Cell: +65 9012 8428 Tel.: +65 6305 9955 Fax: +65 6734 3908  

SOURCE Embraer S.A.



RELATED LINKS

http://ri.embraer.com.br