Embraer releases 1st quarter 2016 results in IFRS

29/04/2016 04:00

SAO JOSE DOS CAMPOS, Brazil, April 29, 2016 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its first quarter 2016 results.

HIGHLIGHTS

In the first quarter of 2016 (1Q16), Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to 1Q15;
The Company's firm order backlog ended the quarter at US$ 21.9 billion, compared to US$ 20.4 billion at the end of 1Q15 and $22.5 billion in backlog at the end of 2015;
As a result of higher aircraft deliveries in both the Commercial Aviation and Executive Jets segments, 1Q16 revenues were US$ 1,309.0 million, an increase of 24% compared to 1Q15;
EBIT and EBITDA margins were 6.5% and 12.8%, respectively, in 1Q16 (compared to 7.5% and 14.1% in 1Q15), and EBIT and EBITDA for the quarter were US$ 85.7 million and US$ 167.6 million, respectively (versus US$ 79.6 million and US$ 149.1 million in 1Q15);
1Q16 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 103.9 million and US$ 0.5690, respectively;
Adjusted Net Loss, which excludes non-cash deferred income taxes and social contribution largely related to the impact of foreign exchange variation on non-monetary assets, was a loss of US$ (1.7) million in 1Q16;
Embraer ended 1Q16 with a total cash position of US$ 3,443.3 million and total debt of US$ 3,663.2 million, yielding a net debt position of US$ 219.9 million in the quarter;
The Company reiterates all aspects of its financial and delivery outlook for 2016.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data
IFRS	(1)	(1)	(1)
IFRS	4Q15	1Q15	1Q16
Revenue	2,074.4	1,055.9	1,309.0
EBIT	65.3	79.6	85.7
EBIT Margin %	3.1%	7.5%	6.5%
EBITDA	163.6	149.1	167.6
EBITDA Margin %	7.9%	14.1%	12.8%
Adjusted Net Income	29.7	48.3	(1.7)
Net income (loss) attributable to Embraer Shareholders	111.2	(61.7)	103.9
Earnings (loss) per share - ADS basic (US$)	0.6091	(0.3370)	0.5690
Net Cash (Debt)	7.2	(535.6)	(219.9)

(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, Nadia Santos, Paulo Ferreira and Viviane Pinheiro.
(+55 12) 3927 1000
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 1Q16 Results on Friday, April 29, 2016 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: (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: 75962624

Headquarters (Brazil)
Saulo Passos
press@embraer.com.br
Cell: +55 11 94254 4017
Tel.: +55 11 3040 1799

North America
Alyssa Ten Eyck
aeyck@embraer.com
Cell: +1 954 383 0460
Tel.: +1 954 359 3847

Europe, Middle East and Africa
pressEMEA@embraer.fr
Cell: +55 11 94254 4017
Tel.: +55 11 3040 1799

China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988

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