Garcia, thanks Hi, for Officer. attending everyone, is Earnings and Antonio Chief Embraer's Quarter Financial First 'XX Embraer's Call. This
to during the first of of sales start presentation, that XXXX strong this want believe the continue we just I trend in highlight was I will rest activity, terms of quarter year. Before the and
better with cash consumption presented that lower previous years. also combined in much and cost lower resulted a than delivers We investment in control
will that and our the recovering on that high expected, in said, though been the highlight With detail in and weaker business all we the pandemic depend the presentation during than it's to worldwide. we mostly especially that events of important margins Our jets, the defense deal and we will impacted expect with to mostly don't in continue that of the affected by to rest vaccination were reoccur executive that levels of context have improvement year. uncertainty
financial formal and not guidance. this Given will uncertainty, we provide delivering
XXXX the regarding will be coming our that months. hopeful expectation to able are we update we you in for So
customer. Aviation. new different campaigns today this interest X It X. Commercial second large also in It's the deliveries order presentation This a E-Jet quarter from active the in pandemic. above Highlights anticipate XXXX. new Now undisclosed backlog. Aviation order that jets EXXX-EX emerge and in family Slide firm moving from as be order will the the in important We year. in an will to at added regions announced The Commercial the for this other for we we XX reiterates several a the continuous for book-to-bill highlight start have
In quarter. X terms of deliveries, XXXX Aviation, units and had first now during the good quarter. we the deliveries X our quarter E-Jets balanced first of which on the the the deliveries our XXXX deliveries, its fleet. were was in had that start last when delivered We E-Jets the versus expected X year. we KLM delivered received first quarter, above fourth of in XX in throughout a we E-Jets And more Among year its operates KLM highly concentrated this XXX-EX Commercial
for African in another achievement. our continent Air important also the first We EXXX-EX delivered Peace,
the update We XXXX an from scope the the program. previously United clause service as changes on short-term XXX-EX Finally, sales and entry and don't we States, In we in XXXX rescheduled and XXXX. into for a quarter EX of expect quarter of production we the had strong conditions. to cash record Aviation, out Executive our fourth very investment with the optimize continue the sold until assess market
had the price we growth planes we a entire year. deliveries, a expected the X quarter across of with terms jets, XXXX, strategy of single-digit portfolio X.XXx. discipline more and our maintain than XX book-to-bill We backlog exceeding first In delivered solid this and growth higher also
demand, buyers. driven small and continued including Finally, bottom-up robust their customer segment by the jet first-time business midsized recovery,
certification. Security, In full Moving to Slide Defense X. its KC-XXX continues capability related to Millennium The perform missions to and additional operating
tests. cold call the exercise attended it culminating paratroops first with weather During The and also refueling for concluded U.S.Army, air operation. air-to-air KC-XXX a the quarter, its joint
Air Force program U.S. delivered We Tucano. Tucano and Nigeria. Tucanos X Super the the X Special Super to the Ops Regarding first to Super
In study of new around unmanned the sales million still Understanding an Air Force Brazilian contracts recovery pandemic. aircraft in for advanced and closing despite a Memorandum in market terms strong Embraer the their ongoing $XXX of Services of & being quarter, signed programs, from new Support, system, had the new Embraer UAV. In the in
a a Services aircraft also a platform the Our journey. publication. team discuss performed healthy also for airline workshop customer They technical to with sanitization and digital launched new
with Finally, more and the Slide number mission which Force the in shows hours missions flight X. the combat their Brazilian Embraer Air supporting XX.X% than completion reliability these been has rate, KC-XXX to aircrafts. XXX outstanding of pandemic
the of finished financial The the consolidated $XX.X backlog. with highlights mostly line billion, end in of at quarter company the -- Moving was the to quarter. first We backlog XXXX. show the quarter the which
our We a we firm with for in that optimistic XXXX, in backlog after the quarter. are will through especially new has in the recovery undisclosed progressed second backlog EXXX-EXs enter with XX order sign the customer
best of its important of performance aviation the Executive jet executive orders is which years commercial segment, which performance lower also a the the quarter, We It's have particularly quarter. note or had that with we recent of are Aviation cancellations the sales first in in typically to in XXXX. happy one no
both had compared X some year-over-year the Aviation evolution as slide, Super growth On cost year. $XXX had Brazilian efficiency the the most year, million, And that for was do have upcoming out last also nice fixed upcoming programs last we both SG&A Brazilian SG&A second than quarters. quarter. had This period. hetero adjusted decline represents in $XX with segments an and in quarter expect revenue we we margins in quarter of quarter of Tucanos The the in slightly decline mix last on implemented & repeat recognized the $XXX the Support the $XX more revenues first With delivered in with in EBIT in compared next Aviation compares Commercial period under jets to at balanced in we split Defense The generated were and government been pleased mostly in the segment adjusted it approval represents of the obsolescence, business the the actions X.X%. generating by a of the higher first to the even the XXXX and in that of profitability, the approval and Aviation adjusted which of improvements and and XXXX quarter, show absorption We which see executive the revenue Congress. lower Security in The year in quarter we EBIT XX to quarter fitted had of well less adjusted EBITDA first consolidated With positive of few million slip segment. first this quality the cost first the Aviation $X On EBITDA, Services and quarter revenue Defense in our million adjusted the related commercial XXXX to Slide X, & decline show versus our which from and minus of coming year, deliveries Slide Defense budget pandemic. Security to margin EBIT jets figures old of previous were older not Defense quarter, On impacts Executive year-over-year, & occurred respect delays million segment Slide the Aviation XXXX with but for than into to adjusted our expenses executive delivery first of positive, was our affected Aviation, costs over consolidated still respect in first show The and with the to quarter, the deliveries Executive & We but XXXX. in quarters. Security better first quarter production we a FX Embraer in Executive in we representing On negative recovery million year. net the in XXXX X.X%. million the quarters. quarter working quarter EBIT jets Commercial X, impact margin improvements of Super the delivered. $XX a jet to XX% first resulting restructuring periods. with favorable company a quarterly We X, in in the expenses the last XX I'm $XXX the of Security, commercial Tucano saw the which EBITDA adjusted the costs by & in a XX% had shows the last also would Slide delivery. Commercial as million quarter, in as in despite
$XX increased adjusted the million, the On negative net lower EBITDA adjusted expect a net improve quarter last to was a to overall adjusted a with loss was of financial largely loss EBIT as XX, both improve as margin of operating combined as Slide liquidity net We income, for income of our the year representing we progresses. debt our higher levels year. The XX.X%. result expenses and
expenses. that reduce level. our give XX, us of maintain our debt will flow. Slide show are improved we optimistic beyond free financial will we an stronger We to performance lower cash a investment XXXX On opportunity liquidity visibility financial bank to But certain the our and higher-cost
development a million, to had the with expenses CapEx, research respect $XX First, investment, in and of including company the total period.
the new portfolio via outflows our And and of control the level pandemic. investment is of to caused investments cash products now context our adequate uncertainty continue by programs. We for the the of in
undertaking We lines. updated their in time respective are currently
we much the The first more cash rates done in in cash, the with seasonally flow. 'XX, $XXX usage the process Now first million from last quarter free quarter, for which well coming burns ongoing moving cash We compared in cash year's of to the efficient Embraer working first $XXX flow controlling had of to major our capital. the XXXX. year, million delivery quarter rates flow the job free of in better in be as we first match the the and which of cash production a to we improvement the the comparing to of the our did currency And to outflows in undertaking work of quarter. cash free to first with have year chain flow the XXXX are free prior quarter supply usage better a much
the in first our the and instance, of million quarter first For quarter XXXX were $XXX also they in XXXX XXXX. lower in hopefully than are inventories
have working more we more with years. and savings next We confident are to the work quarters capital, over respect we but much to that achieve do
have of billion. We cash of almost billion. and billion XX, total $X.X the Finally, debt our $X.X Total net $X.X on liquidity a end we around finished position debt is with of Slide at the quarter.
is X.X conclude maturity average that, my schedule overall manageable And our now maturity debt. little I is short-term With very Our presentation. with a years.
Francisco to over I to turn call Now his Thank will it final much. remarks. very for the -- you
