Material Fact: Guidance 2024 Updated

Rhea-AI Summary

Embraer (NYSE: ERJ) has updated its 2024 guidance, revising key projections. While maintaining Executive Aviation deliveries at 125-135 units and consolidated revenues at $6.0-6.4 billion, the company has adjusted Commercial Aviation deliveries downward to 70-73 units from the previous 72-80 range. However, Embraer has increased its adjusted EBIT margin projection to 9%-10% from 6.5%-7.5%, and raised its free cash flow forecast to $300 million or higher from the previous $220 million target. These projections exclude EVE and are subject to market conditions and risks beyond the company's control.

Positive

• Increased adjusted EBIT margin guidance from 6.5%-7.5% to 9%-10%
• Higher free cash flow projection of $300M+ (up from $220M+)
• Maintained consolidated revenue guidance of $6.0-6.4B
• Stable Executive Aviation delivery forecast of 125-135 units

Negative

• Reduced Commercial Aviation delivery forecast to 70-73 units (down from 72-80)

EMBRAER S.A.
Publicly Held Company
CNPJ/MF: 07.689.002/0001-89
NIRE: 353.003.257-67

SÃO JOSÉ DOS CAMPOS, Brazil, Nov. 8, 2024 /PRNewswire/ -- EMBRAER S.A. ("Embraer" or "Company" - NYSE: ERJ, B3: EMBR3), in attention to Resolution CVM nº 44/2021, informs its shareholders and the market in general that it has revised its guidance for 2024. Management believes that the prior guidance disclosed in the Material Fact published on March 18, 2024, no longer represents the best estimate considering the opportunities and risks for full year operations, which is why provides updated projections for 2024:

2024 GUIDANCE (1)	PREVIOUS		CURRENT
Commercial Aviation deliveries		72 - 80	70 a 73
Executive Aviation deliveries		125 - 135	125 - 135
Consolidated revenues (US$ billion)		6,0 – 6,4	6,0 – 6,4
Adjusted EBIT margin		6,5% - 7,5%	9% - 10%
Free cash flow (US$ million)		220 or higher	300 or higher

(1)  Does not consider EVE

 

This information will be available in the Reference Form (section 11), on the CVM website at http://www.cvm.gov.br/ and the Company's website at http://ri.embraer.com.br, within the legal period.

Embraer clarifies that this material fact does not constitute a promise of performance, reflecting only the perception of the Company's management, therefore, they are subject to risks and uncertainties. Projections consider several factors, such as general economic, market and industry conditions, which are beyond the Company's control, and may undergo changes that will be communicated diligently.

São José dos Campos, November 8, 2024.

Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations

View original content:https://www.prnewswire.com/news-releases/material-fact-guidance-2024-updated-302299899.html

SOURCE Embraer S.A.

FAQ

What is Embraer's (ERJ) updated EBIT margin guidance for 2024?

Embraer has increased its adjusted EBIT margin guidance for 2024 to 9%-10%, up from the previous guidance of 6.5%-7.5%.

How many commercial aircraft does Embraer (ERJ) expect to deliver in 2024?

Embraer has revised its Commercial Aviation delivery forecast for 2024 to 70-73 aircraft, down from the previous guidance of 72-80 units.

What is Embraer's (ERJ) free cash flow guidance for 2024?

Embraer has increased its free cash flow guidance for 2024 to $300 million or higher, up from the previous guidance of $220 million or higher.

What are Embraer's (ERJ) projected revenues for 2024?

Embraer maintains its consolidated revenue guidance for 2024 at $6.0-6.4 billion.