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Saint Joseph of the Embraer E190-E2
Embraer E-Jet E190-E2
Sao Jose Embraer back plans to deliver between 85 and 95 jets this year, Embraer plans to deliver between 85 and 95 jets between 2019 and 2020. commercial aircraft, 90 to 110 jet aircraft, including jet planes Light reaction and high-capacity jet aircraft, 10 29 Super Tucano and two KC-390 multi-mission aircraft. Total revenue is expected to be between $ 5.3 billion and $ 5.7 billion. It is important to note that the projections for 2019 include the potential costs and expenses badociated with the creation of a new company ("JV Commercial Aviation") in partnership. between the company and The Boeing Co. ("Boeing") in Commercial Aviation ("Operation"), in terms of relevant facts in the matter published by the Company. At the conclusion of the partnership transaction described above, it is estimated by the end of 2019, Embraer expects a leverage-free capital structure, with a net cash position of approximately $ 1.0 billion after the payment of a special dividend of about $ 1.6 billion to shareholders. , in turn, remains subject to the confirmation of certain requirements, including the result of the financial year. At the event in New York, Embraer also will present its projections for the year 2020, the first year after the potential end of the operation that creates the strategic partnership between Embraer and Boeing in the field of commercial aviation, as indicated previously. The projections for 2020 include 100% of the expected results of the Executive Aviation and Defense & Security segments (as well as the respective results of the service and support areas of these activities) and exclude the results of Embraer's 20% stake in JV Aviação. Embraer expects to reach a net business figure of between 2.5 and 2.8 billion USD, an EBIT margin between 2% and 5% and a breakeven generation in terms of cash flow available (approximately zero) in the year 2020. The company also announced having revised its forecast for deliveries of business jets, total revenue, recipes for business jets and defense. Consolidated and Adjusted EBIT Margin, Consolidated and Adjusted EBITDA, Consolidated and Adjusted EBITDA Margin, Free Cash Flow, and Investments for 2018. The Global Business Jet Market Conditions, which, despite a progressive decline, is slower than expected, coupled with Embraer's growing desire to improve profitability and price preservation, as well as the recent launch of new medium-sized jet aircraft ("Praetors"), which in 2019 , the company took a more cautious approach to delivering business jets last year. Embraer delivered 91 light and heavy business jets in 2018 (against a forecast of 105 to 125 jets before). Due to reduced deliveries of business jets, the company now expects the Executive Jets segment revenue to be around 1, $ 1 billion, compared to $ 1.35 billion to $ 1.50 billion, according to estimates. In addition, the KC-390 base cost revision following the incident in May 2018 had a negative impact on the Defense and Security sector. This impact led to a new estimate of approximately $ 600 million in revenues in the Defense and Security segment (previously between $ 800 and $ 900 million). As a result, Embra's consolidated revenue for the year is expected to be approximately $ 5.1 billion, compared to $ 5 to $ 5.9 billion previously. ] Consolidated and Adjusted EBIT Forecasts, Consolidated and Adjusted EBIT Margin, Consolidated and Adjusted EBITDA, and Adjusted and Adjusted EBITDA Margin for 2018, Reduced Due to Reduced Operating Leverage Company due to lower volume of deliveries in aviation revenue reduction Defense & Security. Adjusted figures for 2018 exclude the impact of $ 127.2 million related to the KC-390 base price revision, which occurred in the second quarter of 2018, due to the incident of the prototype 001 that occurred in May 2018. Embraer also estimates that investment expenditures for 2018 will rise to about $ 300 million, compared with $ 550 million previously. It is important to note that the reduction in investment expenses has not had a negative impact on the company's ongoing projects. Embraer operates in commercial aviation, Executive Aviation, Defense & Security and Aviation Agricole. The company designs, develops, manufactures and markets aircraft and systems, in addition to providing support and after-sales services. Since its creation in 1969, Embraer has delivered more than 8,000 aircraft. On average, every 10 seconds, an Embraer plane takes off from around the world, carrying more than 145 million pbadengers a year. Embraer is one of the leading 150-seat commercial jet manufacturers and the leading exporter of goods. high value added in Brazil. The company has industrial units, offices, service centers and parts distribution centers, among others, in the Americas, Africa, Asia and Europe. DISCLOSURE : Embraer 
Revision of the 2018 Budget
As a result of the reduced delivery of jet aircraft, partially offset by the reduction in investment spending in 2018, the company expects that cash available in 2018 will come from. a cash utilization of about $ 200 million (versus a use of $ 100 million or more previously). 
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