EMBRAER Releases 4th Quarter And Fiscal Year 2015 Results And 2016 Outlook

USA - English

• USA - English

SAO JOSE DOS CAMPOS, Brazil, March 3, 2016 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases fourth quarter and fiscal year 2015 results and 2016 outlook.

HIGHLIGHTS

• In 4Q15, Embraer delivered 33 commercial and 45 executive (25 light and 20 large) jets. The Company ended 2015 with 101 total commercial aircraft deliveries, surpassing 2015 Guidance. Total executive jet deliveries of 120 aircraft (82 light and 38 large) met the executive jet deliveries Guidance for 2015;

• Revenues in 4Q15 reached US$ 2,074.4 million and in 2015 were US$ 5,928.1 million, also meeting the Company's 2015 Revenue Guidance range of US$ 5.8 to US$ 6.3 billion;

• EBIT and EBITDA margins were 3.1% and 7.9%, respectively, in 4Q15, and for fiscal year 2015 the EBIT and EBITDA margins were 5.6% and 10.9%, respectively.

• Excluding provisions related to the Chapter 11 filing of Republic Airways Holdings, EBIT and EBITDA margins in 4Q15 were 8.0% and 12.8%, respectively, and for fiscal year 2015 EBIT and EBITDA margins excluding these items were 7.3% and 12.6%, respectively. EBITDA margin excluding these provisions met the Guidance range of 12.6% to 13.6% for the year, though EBIT margin was below Guidance;

• Free Cash Flow was strong in 4Q15, at US$ 660.0 million, and 2015 Free Cash Flow was US$ 177.8 million. Free Cash Flow was better than 2014 Free Cash Flow usage of US$ (403.6) million. Embraer also finished 2015 with net cash of US$ 7.2 million vs. net debt of US$38.7 million at the end of 2014;

• 4Q15 Net income attributable to Embraer Shareholders and Earnings per ADS totaled US$ 111.2 million and US$ 0.6091 (US$ 29.7 million and US$ 0.1627 per share excluding deferred tax and provisions relating to Republic's Chapter 11 filing), respectively, and 2015 Net income attributable to Embraer Shareholders and Earnings per ADS totaled US$ 69.2 million and US$ 0.3787 (US$ 272.0 million and US$ 1.49 per share excluding these items), respectively.

• Company Guidance for 2016 is for Net Revenues of US$ 6.0 to US$ 6.4 billion. This Guidance is driven by expected deliveries of 105 to 110 jets in Commercial Aviation and 40 to 50 large jets and 75 to 85 light jets in Executive Jets, with Defense & Security revenues of US$ 0.7 to US$ 0.75 billion for the year.

Main financial indicators

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

Investor Relations

Eduardo Couto, Caio Pinez, Christopher Thornsberry, Claudio Massuda, Nadia Santos, Paulo Ferreira and Viviane Pinheiro.

(+55 12) 3927-4404
[email protected]
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 4Q14 Results on Thursday, March 3, 2016 at 1:00PM (SP) / 11:00AM (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com.br

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)
Conference ID: 16185757

Contacts:

Headquarters (Brazil)
Saulo Passos
[email protected]  
Cell: +55 11 94254 4017
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411

North America
Alyssa Ten Eyck
[email protected]  
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Fax: +1 954 359 3701

Europe, Middle East and Africa
[email protected]  
Cell: +33 6 0864 3545
Tel.: +33 1 4938 4530
Fax: +33 1 4938 4456

China
Mirage Zhong
[email protected]  
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988
Fax: +86 10 6598 9986

Asia Pacific
Nilma Missir-Boissac
[email protected]  
Cell: +65 9012 8428
Tel.: +65 6305 9955
Fax: +65 6734 3908

SOURCE EMBRAER S.A.

Related Links

http://ri.embraer.com.br