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PRESS RELEASE BOMBARDIER Bombardier Raises Full Year Guidance Following Solid First Half Execution and Market Momentum , Reports Second Quarter 2021 Results • • • Raised FY2021 guidance : ( i ) aircraft deliveries expected to reach ~ 120 units , revenues to exceed $ 5.8B ; ( ii ) profitability increased to greater than $ 175M adjusted EBIT ( 1 ) and adjusted EBITDA ( 1 ) expected to be greater than $ 575M vs previously announced $ 100M and $ 500M , respectively ; ( iii ) Free cash flow usage ( 1 ) now expected to be better than $ 300M for the year vs $ 500M ( 2 ) Business jet revenues continue positive trend ; second quarter year - over - year revenues up 50 % , totalling $ 1.5B , mainly driven by a 45 % increase in deliveries and greater contribution from services as flight hours continue industry - wide climb . Adjusted EBITDA for the quarter up by $ 112M year over year to $ 143M . Reported EBIT from continuing operations for the quarter was $ 36M Strong free cash flow generation for the quarter of $ 91M from continuing operations , including the negative impact of approximately $ 60M non - recurring cash items ( ³ ) , representing an improvement of $ 841M year over year . Reported cash flows from operating activities - continuing operations for the quarter was $ 155M and net additions to PP & E and intangible assets - continuing operations for the quarter were $ 64M Second quarter unit book - to - bill ( 4 ) climbing to ~ 1.8 on strong sales activity throughout the portfolio and increased interest in business aviation • Pro - forma liquidity ( 5 ) at quarter end was ~ $ 2.1B and pro - forma net debt ( 5 ) was ~ $ 5.3B , including $ 1.0B maturing in the next 3 years . The Corporation continues to evaluate various options to address other debt maturities in an opportunistic manner All amounts in this press release are in U.S. dollars unless otherwise indicated . Amounts in tables are in millions , unless otherwise indicated . Montréal , August 5 , 2021 - Bombardier ( TSX : BBD.B ) announced today its financial results for the second quarter of 2021 and raised its full year guidance , confirming that aircraft deliveries , revenues , profitability and cash usage are all expected to outperform previously communicated targets . " Bombardier's raised guidance stems from all - around solid execution in the first half of 2021 , greater confidence in market momentum , and our ability to accelerate initiatives supporting our recurring savings objective , " said Éric Martel , President and Chief Executive Officer , Bombardier . “ Our team's concerted efforts 1