EMBRAER Releases First Quarter 2015 Results

SAO JOSE DOS CAMPOS, Brazil, April 30, 2015 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3,) releases first quarter 2015 results.

HIGHLIGHTS

• In the first quarter of 2015 (1Q15), Embraer delivered 20 commercial and 12 executive (10 light and 2 large) jets;
• The Company's firm order backlog ended the quarter at US$ 20.4 billion, compared to US$ 19.2 billion at the end of 1Q14 and $20.9 billion in backlog at the end of 2014;
• As a result of aircraft deliveries, coupled with revenues from the Company's Defense & Security business, 1Q15 revenues were US$ 1,055.9 million;
• EBIT and EBITDA margins were 7.5% and 14.1%, respectively, in 1Q15, which were higher than the 7.4% EBIT margin and 12.2% EBITDA margin registered in 1Q14;
• 1Q15 Net loss attributable to Embraer Shareholders and Loss per basic ADS totaled US$ (61.7) million and US$ (0.3370), respectively;
• Adjusted Net Income in 1Q15 was $48.3 million, which excludes non-cash deferred income taxes and social contribution;
• Embraer ended 1Q15 with a total cash position of US$ 1,808.0 million and total debt of US$ 2,389.3 million, yielding a net debt position of US$ 581.3 million in the quarter.

MAIN FINANCIAL INDICATORS

in millions of U.S. dollars, except % and earnings per share data
IFRS	(1) 4Q14	(1) 1Q14	(1) 1Q15
Revenue	2,045.5	1,242.3	1,055.9
EBIT	196.3	92.1	79.6
EBIT Margin %	9.6%	7.4%	7.5%
EBITDA	281.3	151.0	149.1
EBITDA Margin %	13.8%	12.2%	14.1%
Adjusted Net Income 2	129.4	62.9	48.3
Net income (loss) attributable to Embraer Shareholders	91.4	110.6	(61.7)
Earnings (loss) per share - ADS basic (US$)	0.4983	0.6044	(0.3370)
Net Cash (Debt)	(84.5)	52.7	(581.3)
(1) Derived from unaudited financial information

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

INVESTOR RELATIONS
Eduardo Couto, Caio Pinez, Christopher Thornsberry, Claudio Massuda, Nadia Santos and Paulo Ferreira 
([phone]
[e-mail] 
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 1Q15 Results on Thursday, April 30, 2015 at 10:30am (SP) / 9:30am (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: [phone]
Operator Assisted International Dial-In Number: [phone]
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)
Code: 17595920

 

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SOURCE EMBRAER S.A.

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