Bombardier on track to reach net leverage ratio target

Mr. Bart Demosky reports BOMBARDIER ANNOUNCES $500 MILLION DEBT REPAYMENT AND CONFIRMS DELEVERAGING PLAN ON TARGET BBombardier Inc. is on track to reach its previously stated net leverage ratio target of 2.0 to 2.5 times. With the $500-million debt redemption notice announced on Dec. 17, which is expected to close by Feb. 17, 2026, the Bombardier team will have reduced its long-term debt by $5.5-billion since December, 2020, generating annualized interest cost savings of more than $409-million. This achievement reflects Bombardier's pro-active focus on responsibly deploying capital and pro-actively managing its debt maturity runway -- all to ensure flexibility to invest in strategic growth initiatives that will further deliver value. In parallel to this, the company has seen multiple credit rating upgrades, having most recently reached a Ba3 rating from Moody's and BB minus from S&P Global Ratings. "Our pro-active approach to liquidity and debt management has been a cornerstone of Bombardier's turnaround, and reflects the foundational strategy that was set and flawlessly executed by our disciplined team," said Bart Demosky, executive vice-president and chief financial officer. "By continuously prioritizing debt reduction and strengthening liquidity, Bombardier is on track to meet its stated long-term deleveraging targets, and, in doing so, we have enhanced the company's resiliency and financial flexibility. We are in a position to invest confidently in the future of our business, all while keeping a sharp eye on opportunities to improve leverage ratios further. This mindset will continue to shape our success." Bombardier originally announced a long-term net leverage ratio target of approximately 3.0 times as part of the company's 2021 investor day. The target was later revised to 2.0 to 2.5 times in 2023 on the heels of strong business execution and solid fundamentals. About Bombardier Inc. At Bombardier, it designs, builds, modifies and maintains the world's best performing aircraft for the world's most discerning people, businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, it is committed to pioneering the future of aviation -- innovating to make flying more reliable, efficient and sustainable. It is passionate about delivering unrivalled craftsmanship and care, giving its customers greater confidence and the elevated experience they deserve and expect. People who shape the world will always need the most productive and responsible ways to move through it. Bombardier customers operate a fleet of more than 5,200 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious Red Dot: best of the best award for brands and communication design. We seek Safe Harbor.