Bombardier to Confirm 2025 Objectives Are on Track and Will Further Detail Growth Levers Through 2030 as Part of Investor Day 2024 - Seite 2

On final approach to 2025 objectives after benchmark performance 

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⁽¹⁾ grew at a rate of 84% over this time frame with adjusted EBIDTA margin⁽²⁾ 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 $9 billion in revenues and more than $1.625 billion in adjusted EBITDA⁽¹⁾, with more than $900 million in free cash flow (FCF)⁽¹⁾ and a net leverage⁽²⁾ ratio of 2.0x to 2.5x.  

“Bombardier’s ability to execute to plan has delivered year-after-year growth to be reckoned with, no matter what line of the financial statements you look at,” said Demosky. “Our team has diligently focused on every aspect of our business we control to deliver a company that is not only resilient but can avail itself to multiple paths to continued growth, in many varying market landscapes. We’ve effectively managed debt, enhanced our cost base, penetrated deeper into our addressable service market, grown our participation in defense and, most importantly, stand alone as the only OEM to meet delivery guidance the past 3 years.” 

(1)

Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the Non-GAAP and other financial measures section in the Management Discussion & Analysis of the Corporation’s financial report for the year ended December 31, 2023 ("MD&A") for definitions of these metrics and reconciliations to the most comparable IFRS measures.

(2)

Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the Non-GAAP and other financial measures section in the Management Discussion & Analysis of the Corporation’s financial report for the year ended December 31, 2023 ("MD&A") for definitions of these metrics and reconciliations to the most comparable IFRS measures.