February 13, 2015

Bombardier Aerospace reports fourth quarter and year end results

Bombardier Aerospace’s revenues amounted to US$3.3bn for the three-month period ended December 31st, 2014, compared to US$2.9bn for the same period last fiscal year, an increase of 15.8%. For the year, revenues totalled US$10.5bn, compared to US$9.4bn last fiscal year, an increase of 11.9%. Negative EBIT totalled US$1.3bn, or (39.2)% of revenues, for the fourth quarter, compared to EBIT of US$93m, or 3.2% for the same period last fiscal year. For the year, negative EBIT totalled US$995m, or (9.5)%, compared to EBIT of US$418m, or 4.5%, last fiscal year. For the fourth quarter, EBIT before special items totalled US$54m, or 1.6% of revenues, compared to US$94m, or 3.3%, for the same period last fiscal year. For the year, EBIT before special items totalled US$437m, or 4.2%, compared to US$388m, or 4.1%, last fiscal year.

Free cash flow amounted to US$29m (including net additions in PP&E and intangible assets of US$449m) for the fourth quarter ended December 31st, 2014, compared to US$87m (including net additions in PP&E and intangible assets of US$591m) for the same period last fiscal year. For the year, free cash flow usage amounted to US$1.1bn (including net additions in PP&E and intangible assets of US$1.9bn), compared to a usage of US$1.2bn last fiscal year (including net additions in PP&E and intangible assets of US$2.2bn).

Bombardier Aerospace delivered a total of 101 aircraft during the fourth quarter ended December 31, 2014, compared to 83 for the same period last fiscal year, and received 67 net orders, compared to 252, for the same period last fiscal year. The group delivered 290 aircraft for the year, compared to 238 last fiscal year. The net orders reached 282, compared to 388 last fiscal year. Its backlog reached a level of US$36.6bn as at December 31st, 2014, compared to US$37.3bn as at December 31st, 2013.



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