Financials EMBRAER S.A.

Equities

EMBR3

BREMBRACNOR4

Aerospace & Defense

Market Closed - Sao Paulo Other stock markets 01:37:43 20/09/2024 am IST			5-day change	1st Jan Change
47.49 ^BRL	-8.55%		-6.79%	+112.10%

17/09	Global markets live: BP, Apple, Amazon, Starbucks, Microsoft...
17/09	Embraer's Eve taps former Rolls-Royce executive as chief commercial officer	RE

Projected Income Statement: EMBRAER S.A.

Fiscal Period: december	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,463	3,771	4,197	4,540	5,226	6,290	7,300	7,969
Change	-	-30.97%	11.3%	8.18%	15.1%	20.36%	16.05%	9.17%
EBITDA ¹	181.9	82.1	396.8	458.9	552.2	694.1	837.5	962.7
Change	-	-54.87%	383.31%	15.65%	20.33%	25.7%	20.66%	14.95%
EBIT ¹	-5.4	-323.4	201.3	270.3	341.1	452.7	585.8	692.4
Change	-	5,888.89%	-	34.28%	26.21%	32.7%	29.4%	18.2%
Interest Paid ¹	-116.1	-232.7	-199.4	-210.7	-193.3	-95.38	-135.4	-124.8
Earnings before Tax (EBT) ¹	-186.2	-635.2	27.4	-205.8	111.9	336.1	450.4	583
Change	-	241.14%	-	-	-	200.42%	34.01%	29.44%
Net income ¹	-322.3	-731.9	-44.7	-185.4	156.8	289.6	358.6	449.7
Change	-	127.09%	-93.89%	314.77%	-	84.62%	23.83%	25.42%
Announcement Date	26/03/20	19/03/21	09/03/22	10/03/23	18/03/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	1,176	2,085	633.8	537.2	758.7	1,841	807.3	1,130	958.1	1,301	600.9	1,019	929	1,992	716.7	1,292	1,284	1,947	897	1,494	1,573	2,339	1,187	1,498
Change	-	77.36%	-69.6%	-15.24%	41.23%	142.7%	-56.16%	40.03%	-15.25%	35.82%	-53.82%	69.56%	-8.82%	114.38%	-64.01%	80.31%	-0.61%	51.61%	-53.94%	66.58%	5.27%	48.72%	-49.24%	26.2%
EBITDA ¹	18.2	65.8	64.9	-120.4	-8.2	145.6	18	160.7	79.2	111.4	13.2	124.6	92.9	228.2	10.3	148.9	149.3	249	46.17	190.4	174.2	287.4	-	-
Change	-	261.54%	-1.37%	-	-93.19%	-	-87.64%	792.78%	-50.72%	40.66%	-88.15%	843.94%	-25.44%	145.64%	-95.49%	1,345.63%	0.27%	66.79%	-81.46%	312.35%	-8.49%	64.93%	-100%	-
EBIT ¹	-20.8	4	8.7	-140.5	-45.3	103.6	-29.6	104.7	35.7	60.6	-36.3	66.7	49.9	166.2	-31.6	99.9	100.1	178.1	6.678	138.8	118.4	216.9	24.7	128.3
Change	-	-	117.5%	-	-67.76%	-	-	-	-65.9%	69.75%	-	-	-25.19%	233.07%	-	-	0.2%	77.88%	-96.25%	1,978.43%	-14.7%	83.18%	-88.61%	419.37%
Charge d'intérêts ¹	-18.1	-26.9	-36.1	-37.4	-94.6	-64.61	-75.4	-65.5	-51.7	-6.8	-65.6	-38	-84.3	-52.14	-82.4	-76.9	-20.6	-42.88	24.15	-24.4	-26.25	-41	-	-
Earnings before Tax (EBT) ¹	-35.9	-96.7	-107.7	-390.2	-148.6	11.4	-88.9	-	-25	57.7	-81	-	-46.1	99.4	-103.2	-0.8	-	163.6	32.51	111.4	89.32	184.7	-	-
Change	-	169.36%	11.38%	262.3%	-61.92%	-	-	-100%	-	-	-	-100%	-	-	-	-99.22%	-100%	-	-80.13%	242.67%	-19.82%	106.75%	-100%	-
Net income ¹	-77.2	-209.8	-292	-315.3	-121.2	-3.3	-89.7	87.9	-45	2.1	-31.7	74.2	-30.2	22.9	-70.8	-18.8	61	188.9	28.21	99.4	71.24	137.9	-	-
Change	-	171.76%	39.18%	7.98%	-61.56%	-97.28%	2,618.18%	-	-	-	-	-	-	-	-	-73.45%	-	209.62%	-85.06%	252.3%	-28.33%	93.62%	-100%	-
Announcement Date	12/11/19	26/03/20	01/06/20	05/08/20	10/11/20	19/03/21	29/04/21	13/08/21	05/11/21	09/03/22	28/04/22	04/08/22	14/11/22	10/03/23	04/05/23	14/08/23	06/11/23	18/03/24	07/05/24	08/08/24	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: EMBRAER S.A.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	612	1,696	1,392	1,457	1,353	864	612	494
Change	-	177.12%	-17.92%	4.67%	-7.14%	-36.15%	-29.17%	-19.28%
Announcement Date	26/03/20	19/03/21	09/03/22	10/03/23	18/03/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: EMBRAER S.A.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	284.5	102.3	101.7	136.2	238.7	205.3	223.5	289.4
Change	-	-64.04%	-0.59%	33.92%	75.27%	-14.01%	8.86%	29.52%
Free Cash Flow (FCF) ¹	609.3	-1,393	247.1	615.1	378.3	276.6	393.3	457.4
Change	-	-328.54%	-117.74%	148.93%	-38.5%	-26.89%	42.18%	16.32%
Announcement Date	26/03/20	19/03/21	09/03/22	10/03/23	18/03/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: EMBRAER S.A.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	3.33%	2.18%	9.45%	10.11%	10.57%	11.03%	11.47%	12.08%
EBIT Margin (%)	-0.1%	-8.58%	4.8%	5.95%	6.53%	7.2%	8.02%	8.69%
EBT Margin (%)	-3.41%	-16.84%	0.65%	-4.53%	2.14%	5.34%	6.17%	7.32%
Net margin (%)	-5.9%	-19.41%	-1.06%	-4.08%	3%	4.6%	4.91%	5.64%
FCF margin (%)	11.15%	-36.93%	5.89%	13.55%	7.24%	4.4%	5.39%	5.74%
FCF / Net Income (%)	-189.05%	190.26%	-552.8%	-331.77%	241.19%	95.52%	109.67%	101.72%
Profitability
ROA	-	-6.93%	-0.43%	0.38%	1.57%	3.55%	3.93%	4.67%
ROE	-5.76%	-23.07%	-1.57%	1.47%	6.14%	9.38%	10.99%	12.79%
Financial Health
Leverage (Debt/EBITDA)	3.37x	20.65x	3.51x	3.18x	2.45x	1.24x	0.73x	0.51x
Debt / Free cash flow	1.01x	-1.22x	5.63x	2.37x	3.58x	3.12x	1.56x	1.08x
Capital Intensity
CAPEX / Current Assets (%)	5.21%	2.71%	2.42%	3%	4.57%	3.26%	3.06%	3.63%
CAPEX / EBITDA (%)	156.4%	124.6%	25.63%	29.68%	43.23%	29.57%	26.68%	30.06%
CAPEX / FCF (%)	46.69%	-7.35%	41.16%	22.14%	63.1%	74.22%	56.82%	63.27%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	0.1883	0.2776
Change	-	-	-	-	-	-	-	47.44%
Book Value Per Share ¹	-	-	3.777	3.495	3.793	4.257	4.513	4.944
Change	-	-	-	-7.47%	8.53%	12.24%	6.01%	9.55%
EPS ¹	-	-	-0.0608	-0.2524	0.2135	0.5343	0.5107	0.6187
Change	-	-	-	315.1%	-184.6%	150.24%	-4.41%	21.15%
Nbr of stocks (in thousands)	-	-	7,34,633	7,34,633	7,34,633	7,34,633	7,34,633	7,34,633
Announcement Date	-	-	09/03/22	10/03/23	18/03/24	-	-	-