Bombardier CEO says ‘well on track ‘ to meet 2025 objectives

Bombardier will host its Investor Day on May 1st, 2024, at its new state-of-the-art Aircraft Assembly Centre at Pearson Airport in Toronto. During the event – which will be webcast live – Bombardier’s executive leadership will review the company’s strong performance over the past three years and provide an in-depth look at how the company is set to meet its 2025 commitments. Eric Martel, President and Chief Executive Officer, and Bart Demosky, Executive Vice President and Chief Financial Officer, will be joined by members of Bombardier’s executive leadership team in Toronto to outline the company’s progress on several fronts, including the expansion of Bombardier Defense, growth in Services and in its pre-owned participation, as well as the company’s dedication to sustainability and operational excellence. They will also provide an update on how the company has positioned itself for growth through 2030 by building a resilient business, based on predictable and diversified revenue streams and supported by continued strategic investments. “Since starting our turnaround plan in 2020, our teams have delivered textbook-worthy results on all fronts, consistently meeting or surpassing many of our objectives. Bombardier is well on track to meet its 2025 objectives thanks to everyone’s collective focus on executing our plan flexibly, creatively and passionately,” said Martel. “As we now look toward the second half of what has already been a historic decade for the company, we are focused on creating even more value for shareholders by building on a predictable and resilient foundation. Bombardier will have room to grow organically, as well as to deploy capital strategically.” Since the end of 2020, through to the end of 2023, Bombardier has recorded a 13% CAGR on revenues, which includes an impressive 21% CAGR for Services. Adjusted EBITDA grew at a rate of 84% over this time frame with adjusted EBIDTA margin growing by a factor of greater than 4 times to more than 15% in 2023. This well-rounded performance has put Bombardier on a clear path to achieve its stated 2025 objectives of more than $9B in revenues and more than $1.625B in adjusted EBITDA, with more than $900M in free cash flow and a net leverage ratio of 2.0x to 2.5x.