Our Q2 Results: Surpassing market expectations, raising 2021 guidance

Last week, Bombardier shared with the finance community that the pure-play business jet company is surpassing market expectations and raising its 2021 guidance as announced in our press release on the 2021 second quarter financial results. The market landscape has maintained its upward trend and macro-economic indicators continue to point to favourable conditions. Our focused and strategic plan allowed us to capitalize on the improving market conditions, and our second quarter was exceptional on all fronts.

Here are some of the highlights of this quarter:

• We are raising our full-year 2021 guidance to:

  • adjusted EBIT of $175M (versus $100M)

  • adjusted EBITDA expected to be greater than $575M (versus $500M)

  • free cash flow to be better than $(300M) for the year (versus $(500M))

  • aircraft deliveries expected to reach ~120 units 

• Business jet revenues continued to trend positively, with revenues up 50% year over year, totaling $1.5B

• Strong free cash flow generation for the quarter of $91M from continuing operations, an improvement of more than $841M year over year

• Second quarter unit book-to-bill climbed to ~1.8 on strong sales activity throughout the portfolio

• At the end of the quarter, our pro-forma liquidity was ~$2.1B and pro-forma net debt was ~$5.3B

We wish to thank you for your loyalty and business. And going forward, we remain committed to succeeding on this journey as a business aviation-focused company.