Investor Presentaiton
DELIVERY OF AIRCRAFT BY UNIT
COMMERCIAL
AVIATION
EXECUTIVE
JETS
DEFENSE &
SECURITY
2014
2015
2016
92
COMMERCIAL
AVIATION
COMMERCIAL
101
108
AVIATION
116
EXECUTIVE
JETS
EXECUTIVE
120
117
JETS
DEFENSE &
SECURITY
20
DEFENSE &
SECURITY
15
TOTAL
215
TOTAL
241
TOTAL
240
NET INCOME BY SEGMENT (%)
2014
2015
2016
COMMERCIAL
50
AVIATION
COMMERCIAL
AVIATION
COMMERCIAL
56
57
AVIATION
EXECUTIVE
EXECUTIVE
EXECUTIVE
25
29
28
AVIATION
AVIATION
DEFENSE &
DEFENSE &
23
14
SECURITY
SECURITY
AVIATION
DEFENSE &
SECURITY
15
OTHERS
1
OTHERS
1
TOTAL (IN BILLIONS OF R$)
14.94
TOTAL (IN BILLIONS OF R$)
20.30
MAIN ECONOMIC-FINANCIAL INDICATORS
MILLIONS OF R$*
2016
Variation
2016/2015
Net income
Gross margin
21,435.7
19.9%
Adjusted operating profit¹ (EBIT)
1,700.5
6%
1.4 p.p.
14%
20,301.8
18.5%
1,493.7
14,935.9
19.8%
1,303.8
Adjusted operating margin
7.9%
0.5 p.p.
7.4%
Adjusted EBITDA²
2,844.2
16%
2,450.6
1,980.7
Adjusted EBITDA margin
13.3%
1.2 p.p.
12.1%
13.3%
Net profit
585.4
142%
241.6
796.1
Net margin
2.7%
1.5 p.p.
1.2%
5.3%
TOTAL (IN BILLIONS OF R$)
21.43
2015
2014
8.7%
Capital market
The shares traded on the BM&FBOVESPA
(EMBR3) closed 2016 quoted at R$16.00.
The American Depositary Receipts (ADRS)
traded in New York (NYSE: ERJ) ended the
year quoted at US$19.25. Embraer's mar-
ket value was US$3.6 billion at the end of
the year (US$5.5 billion in 2015).
Value Added Statement (VAS)
Added value for the year was R$5,733.2
million, which indicates a small decrease
of 2.94% in relation to what was recorded
for the previous year. For shareholders,
Embraer distributed R$73.6 million in
interest on capital and R$75.0 million in
dividends, totaling R$148.6 million, with
a payout of 25.4% of net consolidated
profit, R$585.4 million. Profit per share
was R$0.7959. Emphasis should be given
to the distribution of R$3,557.1 million in
value to employees and R$592.8 million
to federal and municipal governments
in the form of taxes and contributions.
See more information in the financial
statements at: http://ri.embraer.com.br/
listresultados.aspx?idCanal=dwxMd7dcHTw/
kwbNAC2ESQ==&linguagem=en#. |G4-EC1|
Investment level confirmed
In 2016, the credit risk classification
agencies Fitch Ratings and Standard
& Poor's (S&P) Ratings Services
reiterated the BBB classification for
Embraer. The same rating applies to
securities issued abroad.
Fitch also attributed a national
long-term grade of AAA (BRA) and
S&P removed the negative company
classification in CreditWatch, a sign
that credit ratings will be reevaluated.
BRAZIL
Investments³
12,458.8
Debt
12,254.0
(7%)
(11%)
13,409.1
13,785.7
8,731.2
6,662.0
Net cash (debt)
(1,873.0)
(6,695%)
28.4
Total assets
38,016.7
Net equity
12,844.9
Net debt/equity*
1.0
17%
(14%)
11%
45,566.9
15,008.7
(102.6)
27,653.6
10,265.4
VAS CONSOLIDATED (IN R$ MILLIONS) |G4-EC1|
0.9
0.6
2016
ROA
1.6%
1.1 p.p.
0.5%
2.9%
ROE
4.6%
3.0 p.p.
1.6%
7.8%
Revenue
ROCE4
0.2%
(6.1 p.p.)
6.3%
11.6%
Inputs acquired from third-parties
Inventory
8,136.2
(10%)
9,037.9
6,388.9
Gross added value
23,416.0
(17,157.1)
6,258.9
Inventory turnover*
2.1
17%
1.8
1.9
Depreciation and amortization
(1,265.6)
2015
22,360.1
(16,364.1)
5,996.0
(1,073.4)
2014
16,343.0
(11,144.2)
5,198.8
(676.8)
Asset turnover*
0.6
50%
0.4
0.5
Net added value produced by the entity
4,993.3
4,922.6
4,522.0
Backlog of firm orders (billions in USD)
19.6
(13%)
22.5
20.9
Received added value being transferred
739.9
605.2
418.7
Delivery of aircraft (units)
240
241
215
Distribution of added value
5,733.2
5,527.8
4,940.7
Number of employees
18,506
(4%)
19,373
19,167
Personnel
3,557.1
3,342.4
2,502.3
EBIT per employee (in thousands of R$)
91.9
19%
77.1
68.0
Government (taxes, rates and contributions)
592.8
1,251.6
1,058.1
Distributed dividends.
148.6
26%
117.8
214.4
Interest and rentals
991.7
652.2
553.7
Profit per share¹ (R$)
0.7959
141%
0.3309
1.0851
JCP and dividends
174.0
117.8
214.3
Quantity of shares (thousand)1,5
735,571
1%
730,205
32
Verified numbers are in compliance with the IFRS international accounting norm.
* Except Debt/Net Equity, Inventory Turnover, Asset Turnover, Profit per Share and Quantity of Shares.
1. The ajusted term is used for amounts calculated excluding provisions relating to non-recurring items that impacted the result of
the period. 2. Represents net profit plus net financial revenue (expenses), income tax and social contributions, depreciation and
amortization, minority shareholding and equity pickup. 3 Values include investments in Development, CAPEX and Shareholding.
4. ROCE = NOPAT/Shares employed with non-monetary items period average. 5. Weighted average of existing basic shares during
the fiscal year, excluding shares acquired by the company and kept in the treasury.
For more information, access the Annual Financial Statement at
http://ri.embraer.com.br/Download.aspx?Arquivo=5QjXT9Bt2eal HjlgenPhYg==.
733,677
Retained profit/losses from fiscal year
411.4
123.8
581.8
Shares of non-controllers
6.4
40.0
30.5
33View entire presentation