SAO JOSE DOS CAMPOS, Brazil,
Feb. 26, 2014 /PRNewswire/
-- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases
its fourth quarter and fiscal year 2013 results and 2014
outlook.
HIGHLIGHTS
- Excluding non-recurring items, the Company still met all of its
main 2013 Guidance figures, including aircraft deliveries, Total
Revenues, as well as EBIT and EBITDA margins;
- In the fourth quarter of 2013 (4Q13), Embraer delivered 32
commercial and 53 executive (38 light and 15 large) jets and ended
the year with total deliveries of 90 commercial and 119 executive
(90 light and 29 large) aircraft;
- As a result of aircraft deliveries and growth in the Company's
Defense & Security segment, 4Q13 and 2013 Revenues reached
US$ 2,304.0 million and US$ 6,235.0 million, respectively, also meeting
the Company's Revenue Guidance range of US$
5.9 to US$ 6.4 billion;
- EBIT and EBITDA margins were 20.1% and 23.6%, respectively, in
4Q13, and for fiscal year 2013 the EBIT and EBITDA margins were
11.4% and 16.1%, respectively, considering non-recurring items in
4Q13. As a result, the Company surpassed its EBIT and EBITDA margin
Guidance for the year of 9.0% to 9.5% and 13.0% to 14.0%,
respectively;
- Strong Operating Cash Flow of US$ 564.6
million during 2013 increased the Company's net cash
position to US$ 429.3 million at the
end of the year;
- 4Q13 Net income attributable to Embraer Shareholders and
Earnings per ADS basic totaled US$ 264.5
million and US$ 1.4513,
respectively, and fiscal year 2013 Net income attributable to
Embraer Shareholders and Earnings per ADS basic totaled
US$ 342.0 million and US$ 1.8764, respectively;
- For 2014, Company Guidance is for expected Net Revenues of
US$ 6.0 to US$ 6.5 billion, driven by
growth in the Defense & Security segment and expected
deliveries of 92 to 97 jets in the Commercial Aviation segment and
25 to 30 large jets and 80 to 90 light jets in the Executive Jets
segment;
- The Company's backlog ended 2013 at a value of US$ 18.2 billion, representing 46% growth from
the US$ 12.5 billion reported at the
end of 2012.
MAIN FINANCIAL INDICATORS
in millions of U.S dollars, except % and earnings per share
data
|
IFRS
|
(1)
3Q13
|
(1)
4Q12
|
(1)4Q13
|
(2)
2012
|
(2)
2013
|
|
Revenue
|
1,288.20
|
1.897.6
|
2.304.6
|
6.167.0
|
6.235
|
|
EBIT
|
75.8
|
227.9
|
462.9
|
611.9
|
713.4
|
|
EBIT Margin
%
|
5,9%
|
12,0%
|
20,1%
|
9,9%
|
11,4%
|
|
EBITDA
|
156.4
|
309.8
|
543.6
|
890.7
|
1.004.0
|
|
EBITDA Margin
%
|
12,1%
|
16,3%
|
23,6%
|
14,4%
|
16,1%
|
|
Adjusted Net Income
%
|
35.8
|
134.2
|
373,0
|
423.1
|
534.6
|
|
Net income
attributable to Embraer Shareholders
|
52.9
|
123.2
|
264.5
|
347.8
|
342,0
|
|
Earnings per share -
ADS basic (US$)
|
0.2905
|
0.6797
|
1.4513
|
1.9188
|
1.8764
|
|
Net Cash
|
(19,6)
|
308.7
|
429.3
|
308.7
|
429.3
|
(1) Derived From unaudited financial information.
(2) Derived from audited 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 4Q13 Results
on Wednesday, February 26, 2014 at
12:30pm (SP) / 10:30am (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: (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: 45649641
SOURCE Embraer S.A.