Embraer S.A. - Publicly-Held Company - Material Fact

Rhea-AI Summary

Embraer S.A. has updated its 2021 projections, reporting a free cash flow of US$ (160.1) million for the first nine months, which exceeded initial expectations. The company anticipates a positive cash flow in Q4 2021, prompting an updated 2021 free cash flow guidance of US$ 100 million or better, an improvement from a previous forecast of US$ (150) million to breakeven. Delivery targets remain unchanged, with expectations of 50 commercial and 95 executive aviation deliveries for the year.

Positive

• Free cash flow guidance updated to US$ 100 million or better from US$ (150) million.
• Reported cash flow performance for the first nine months is better than anticipated.

Negative

• None.

SÃO JOSÉ DOS CAMPOS, Brasil, Nov. 5, 2021 /PRNewswire/ -- Embraer S.A. ("Embraer" or "Company") (B3: EMBR3, NYSE: ERJ), in accordance with CVM Instruction No. 358, of January 3, 2002, informs its shareholders and the market in general of the update of its projections for the year 2021.

Over the first nine months of 2021, Embraer has registered accumulated free cash flow of US$ (160.1) million, which is better than the Company's initial expectations for free cash flow performance over this period. Embraer also expects the fourth quarter to show normal seasonal patterns in terms of higher deliveries and revenues, leading to expected positive free cash flow in 4Q21.

As a result, Embraer is updating its 2021 free cash flow guidance to US$ 100 million or better for the year, an improvement from the prior range of free cash flow of US$ (150) million to breakeven. All other aspects of the Company's deliveries and financial guidance remain unchanged at present.

2021 UPDATED  GUIDANCE
	PREVIOUS			UPDATED
Commercial Aviation deliveries	45	-	50	45	-	50
Executive Aviation deliveries	90	-	95	90	-	95
Consolidated Revenues (US$ blns)	$4.0	-	$4.5	$4.0	-	$4.5
Adjusted EBIT margin	3.0%	-	4.0%	3.0%	-	4.0%
Adjusted EBITDA margin	8.5%	-	9.5%	8.5%	-	9.5%
Free Cash Flow (US$ mlns)	($150)	-	$0	$100	or	better

Antonio Carlos Garcia
Executive Vice-President, Finance &
Investor Relations

PRESS OFFICES:

Headquarters (Brazil)

Corporate Communications
embraer@idealhks.com  
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984

North America

Alyssa Ten Eyck
ayeck@embraer.com  
Cell: +1 954 383 0460
Tel.: +1 954 359 3847

Europe, Middle East and Africa

Guy Douglas
guy.douglas@nl.embraer.com  
Cell: +31 (0)657120121
Tell: +31 (0)202158109

China

Mirage Zhong 
mirage.zhong@bjs.embraer.com  
Cell:  +86 185 1378 5180
Tel.: +86 10 6598 9988

Asia Pacific

Nilma Missir-Boissac
nilma.boissac@sin.embraer.com  
Cell: +65 9012 8428
Tel.: +65 6305 9955

 

View original content:https://www.prnewswire.com/news-releases/embraer-sa---publicly-held-company---material-fact-301417564.html

SOURCE Embraer S.A.

FAQ

What is Embraer's updated free cash flow guidance for 2021?

Embraer's updated free cash flow guidance for 2021 is US$ 100 million or better.

What was Embraer's free cash flow for the first nine months of 2021?

Embraer registered a free cash flow of US$ (160.1) million for the first nine months of 2021.

How many commercial aircraft does Embraer expect to deliver in 2021?

Embraer expects to deliver 50 commercial aircraft in 2021.

What are the expected executive aviation deliveries for Embraer in 2021?

Embraer anticipates 95 executive aviation deliveries for 2021.