33
1

5 embraer day 2015 vae bf-final_v2_sc_site

Embed Size (px)

Citation preview

Page 1: 5 embraer day 2015 vae bf-final_v2_sc_site

1

Page 2: 5 embraer day 2015 vae bf-final_v2_sc_site

2 2

COMPREHENSIVE PRODUCT PORTFOLIO

HEALTHY BUSINESS GROWTH

CAGR 20% (2002-14)

Deliveries share evolution from 2.7% to 16.5%

Company revenue contribution from 7% to 26%

GLOBAL FOOTPRINT

74 Services Centers worldwide

More than 900 jets in service in 60 countries

TOP RATED IN WORLDWIDE CUSTOMER SUPPORT AND SERVICES

Prepared for a solid future…

Page 3: 5 embraer day 2015 vae bf-final_v2_sc_site

3

ULTRA-LARGE SUPER-MIDSIZE

MIDSIZE MIDLIGHT LIGHT ENTRY

LARGE

FULLY CERTIFIED PRODUCT PORTFOLIO

Page 4: 5 embraer day 2015 vae bf-final_v2_sc_site

4

DELIVERIES EVOLUTION (units)

115-130

13 13 20 27 36 38

122 145

99 99 119 116

855

0

50

100

150

200

250

300

0

200

400

600

800

1000

02 03 04 05 06 07 08 09 10 11 12 13 14 15

Annual deliveries Accumulated Fleet

Guidance

Page 5: 5 embraer day 2015 vae bf-final_v2_sc_site

5

CAGR 13Y: 20%

Guidance

REVENUE EVOLUTION (US$ bi)

CAGR 13Y: 20%

1.70 – 1.85

0.1 0.2 0.2 0.3

0.6 0.8 0.9 0.9

1.2 1.1 1.3

1.6 1.6

02 03 04 05 06 07 08 09 10 11 12 13 14 15

Page 6: 5 embraer day 2015 vae bf-final_v2_sc_site

6

Source: GAMA report and Embraer analysis.

*Bombardier, Cessna , Dassault, Gulfstream and Hawker-Beechcraft

AMONG THE TOP 5 EXECUTIVE AVIATION PLAYERS

2.7%

Others*

Embraer

Total market:

749 units

2005

16.5%

2014

Total market:

705 units

Page 7: 5 embraer day 2015 vae bf-final_v2_sc_site

7

Source: GAMA report and Embraer analysis.

*Bombardier, Cessna , Dassault, Gulfstream and Hawker-Beechcraft

AMONG THE TOP 5 EXECUTIVE AVIATION PLAYERS

2.2%

Total market:

US$ 12 Bi

2005

7.0%

2014

Total market:

US$ 22 Bi

Others*

Embraer

Page 8: 5 embraer day 2015 vae bf-final_v2_sc_site

8

SHARE OF DELIVERIES - FRACTIONAL SEGMENT (units)

Source: Jetnet databse October 2015.

0

20

40

60

80

100

120

2007 2008 2009 2010 2011 2012 2013 2014 2015TD

Embraer Bombardier Dassault Cessna Gulfstream Others

Page 9: 5 embraer day 2015 vae bf-final_v2_sc_site

9

Assessed period: 1965 – 2014.

Source: Jetnet database, Aug 2015 and Embraer analysis./ * 2015 Economic conditions

HIGHEST REVENUE GROWTH AMONG OEMs SINCE EIS (US$ bi)

0.00

0.25

0.50

0.75

1.00

1.25

1.50

0 - 4 5 - 9 10 - 14

Avg

. an

nu

al r

even

ue

per

5 y

ear

per

iod

*

Years after entry into business jet market

EMBRAER

Bombardier

Gulfstream Dassault

HBC

Cessna

Page 10: 5 embraer day 2015 vae bf-final_v2_sc_site

10

EMBRAER EXECUTIVE JETS GLOBAL PRESENCE

Countries

60 Aircraft

930 Customers

580+

Page 11: 5 embraer day 2015 vae bf-final_v2_sc_site

11

GLOBAL FOOTPRINT

Page 12: 5 embraer day 2015 vae bf-final_v2_sc_site

12

6

5

7 4

1

2

3

EXPANSION 2015 to 2017:

Legacy 450/500 Final Assembly 5 Legacy 450/500 Painting 6 Legacy 450/500 Delivery Center 7

CURRENT FACILITIES:

Phenom Final Assembly 1 Phenom Painting 2 Engineering Center 3 Customer Center 4

EXPANDING OPERATIONS IN FLORIDA

Page 13: 5 embraer day 2015 vae bf-final_v2_sc_site

13

MARKET RECOGNITION (last 2 years)

Page 14: 5 embraer day 2015 vae bf-final_v2_sc_site

14

MARKET RECOGNITION – 1st in 2015 CUSTOMER SUPPORT

Page 15: 5 embraer day 2015 vae bf-final_v2_sc_site

15

MARKET RECOGNITION: OVERALL SATISFACTION

“Please rate your business aircraft model on the factor: Overall satisfaction”

Note: % of Excellent mentions. Respondents were asked to rate aircraft models they /their company owned in the past three years. In production jets only.

50%

0% 10% 20% 30% 40% 50% 60%

Bombardier

Cessna

Dassault

Embraer

Gulfstream

2014

54.8%

Bombardier

Cessna

Dassault

Gulfstream

Embraer

2015

Source:

AIN Busines Jet Traveler

Readers’ Choice Surveys

Page 16: 5 embraer day 2015 vae bf-final_v2_sc_site

16

MARKET RECOGNITION: ASSET VALUE

“Please rate your business aircraft model on the factor: Aircraft value for price paid”

Note: % of Excellent mentions. Respondents were asked to rate aircraft models they /their company owned in the past three years. In production jets only.

64.5%

Dassault

Bombardier

Cessna

Gulfstream

Embraer

2015

56.7%

0% 10% 20% 30% 40% 50% 60% 70%

Bombardier

Cessna

Gulfstream

Dassault

Embraer

2014

Source:

AIN Busines Jet Traveler

Readers’ Choice Surveys

Page 17: 5 embraer day 2015 vae bf-final_v2_sc_site

17 17

Phenom 100E 320+ aircraft in service

Page 18: 5 embraer day 2015 vae bf-final_v2_sc_site

18 18

Page 19: 5 embraer day 2015 vae bf-final_v2_sc_site

19 19

Page 20: 5 embraer day 2015 vae bf-final_v2_sc_site

20

Initial estimates ANAC Certified Legacy 450

Range IFR reserves @ LRC (1) 2,500 nm / 4,630 km 2,575 nm / 4,769 km

Range IFR reserves @ M0.80 (1) 2,348 nm / 4,349 km 2,511 nm / 4,650 km

Takeoff distance (2) 4,000 ft / 1,219 m 3,825 ft / 1,166 m

Hot & High takeoff distance (3) 5,407 ft / 1,648 m 5,059 ft / 1,542 m

Unfactored landing distance (4) 2,300 ft / 701 m 2,083 ft / 635 m

Block fuel for 600nm @ M0.80 (5) 2,659 lb / 1,206 kg 2,630 lb / 1,193 kg

Maximum operating altitude 45,000 ft / 13,716 m 45,000 ft / 13,716 m

Initial climb altitude (6) 43,000 ft / 13,106 m 43,000 ft / 13,106 m

Time to climb to initial climb altitude (6) 22 min 21 min

Maximum operating speed (MMO) Mach 0.83 Mach 0.83

High speed cruise (7) 459 KTAS 463 KTAS

Maximum payload (8) 2,800 lb / 1,270 kg 2,976 lb / 1,350 kg

Payload full fuel (8) 1,600 lb / 726 kg 1,627 lb / 738 kg

Total baggage & stowage volume 150 ft³ / 4.25 m³ 150 ft³ / 4.25 m³

External noise Stage IV 24 EPNdB below stage IV

Engine thrust / flat rating 6,080 lbf / ISA+15ºC 6,540 lbf / ISA + 18ºC

LEGACY 450 ALL DESIGN GOALS ACHIEVED OR SURPASSED

(1) NBAA IFR reserves; 200 nm

alternate; 4 pax @ 200 lb each;

baseline aircraft

(2) SL; ISA; MTOW

(3) 5,000 ft, 25ºC, MTOW

(4) SL; ISA ; 4 pax @ 200 lb each;

NBAA IFR reserves; 200 nm

alternate; baseline aircraft

(5) NBAA IFR reserves; 200 nm

alternate; 4 pax @ 200 lb each;

baseline aircraft. Block Fuel

includes fuel for taxi out, takeoff,

climb, cruise, descent, landing and

taxi in.

(6) From SL; @ MTOW; ISA

(7) Max cruise speed; FL430; ISA; 4

pax @ 200lbs each; half fuel tank;

baseline aircraft

(8) Baseline aircraft

EIS in 4Q15

Page 21: 5 embraer day 2015 vae bf-final_v2_sc_site

21 21

ANAC Aug14

FAA Oct14

EASA Dec14

Australia

Jan15

China Jul15

Mexico Jun15

Page 22: 5 embraer day 2015 vae bf-final_v2_sc_site

22 22

First two Legacy 500 already delivered

Page 23: 5 embraer day 2015 vae bf-final_v2_sc_site

23 23

270+ aircraft in service

Highest availability and utilization in the industry: 1,400 hours annual operation

Legacy 650/600

Page 24: 5 embraer day 2015 vae bf-final_v2_sc_site

24 24

Page 25: 5 embraer day 2015 vae bf-final_v2_sc_site

25 25

22 aircraft in service

Page 26: 5 embraer day 2015 vae bf-final_v2_sc_site

26

&

Page 27: 5 embraer day 2015 vae bf-final_v2_sc_site

27

MARKET DRIVERS ALSO AFFECTED BY “INTANGIBLES”

Page 28: 5 embraer day 2015 vae bf-final_v2_sc_site

28 28

Source: GAMA and Embraer analysis, 2015.

2015 DELIVERIES EXPECTED TO BE SIMILAR TO 2014 (units)

0

200

400

600

800

1,000

1,200

1,400

2000 01 02 03 04 05 06 07 08 09 10 11 12 13 14

Av: 785 jets/year

369 375

3Q14 3Q15

YoY comparison

Page 29: 5 embraer day 2015 vae bf-final_v2_sc_site

29

52% 45% 51% 53% 55% 58% 66%

48% 55% 49% 47% 45% 42% 34%

09 10 11 12 13 14 3Q15

US Other regions of the world

Source: JetNet ; Embraer analysis. Oct 2015.

US REPRESENTING TWO-THIRDS OF CURRENT DELIVERIES (units)

Page 30: 5 embraer day 2015 vae bf-final_v2_sc_site

30

IMPROVED SALES PERFORMANCE THROUGH 9M15

15%

29%

18%

38%

3%

18%

6% 73%

North America Latin America Europe and Africa Asia-Pacific and China

(Deliveries: 64 jets) (Deliveries: 75 jets)

0.50

1.30

Up to 3Q14 Up to 3Q15

Net book-to-bill

Page 31: 5 embraer day 2015 vae bf-final_v2_sc_site

31

Traffic recovery on track in US but slower than expected in Europe

New and pre-owned pricing pressure

US 2015 GDP growth expected at 2.5%

US Corporate profits and HNWI at record levels

New products entering into service

Softening emerging markets demand

IMPROVED ECONOMIC ENVIRONMENT IN US DRIVING DEMAND

Page 32: 5 embraer day 2015 vae bf-final_v2_sc_site

32

2015-2024 MARKET FORECAST BY REGION

North America

4,620 jets (50%)

US$ 120 Bi (45%)

Asia Pacific

570 jets (6%)

US$ 19 Bi (7%)

Latin America

850 jets (9%)

US$ 16 Bi (6%)

China

835 jets (9%)

US$ 33 Bi (12%)

Global

9,250 units

US$ 265 Bi

EMEA

2,360 jets (26%)

US$ 77 Bi (29%)

Note: Sum of regional numbers might differ from total numbers due to rounding

Page 33: 5 embraer day 2015 vae bf-final_v2_sc_site

33

FORECAST

1,634 1,033 1,330 1,490

1,789

975

1,470 1,715

1,238

1,448

1,680

1,780

2006-10 2011-15 2016-20 2020-24

SMALL & MEDIUM JETS EXPECTED TO GROW ABOVE MARKET

Small = entry and light jets; Medium = midlight, midsize and supermid; Large = large up to ultra-large jets

4,661

3,456

4,480

4,985

62% 64%

58%

Small

Medium

Large