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MARKET FORECAST

2015-2024
BOMBARDIER BUSINESS AIRCRAFT
BUSINESSAIRCRAFT.BOMBARDIER.COM
FORWARD LOOKING
STATEMENTS

This presentation includes forward-looking statements, which may involve, but are not Certain factors that could cause actual results to differ materially from those anticipated
limited to: statements with respect to our objectives, guidance, targets, goals, priorities, in the forward-looking statements include risks associated with general economic
our market and strategies, financial position, beliefs, prospects, plans, expectations, conditions, risks associated with our business environment (such as risks associated
anticipations, estimates and intentions; general economic and business outlook, with the financial condition of the airline industry and rail industry, political instability
prospects and trends of an industry; expected growth in demand for products and and force majeure), operational risks (such as risks related to developing new products
services; product development, including projected design, characteristics, capacity and services; fixed-price commitments and production and project execution; doing
or performance; expected or scheduled entry-into-service of products and services, business with partners; product performance warranty and casualty claim losses;
orders, deliveries, testing, lead times, certifications and project execution in general; regulatory and legal proceedings; the environment; dependence on certain customers
our competitive position; and the expected impact of the legislative and regulatory and suppliers; human resources), financing risks (such as risks related to liquidity and
environment and legal proceedings on our business and operations. Forward-looking access to capital markets, retirement benefit plan risk, exposure to credit risk, certain
statements generally can be identified by the use of forward-looking terminology restrictive debt covenants, financing support provided for the benefit of certain
such as may, will, expect, intend, anticipate, plan, foresee, believe, customers and reliance on government support) and market risks (such as risks related
continue, maintain or align, the negative of these terms, variations of them or to foreign currency fluctuations, changing interest rates, decreases in residual values
similar terminology. By their nature, forward-looking statements require us to make and increases in commodity prices). For more details, see the Risks and uncertainties
assumptions and are subject to important known and unknown risks and uncertainties, section in Other in the MD&A the Corporations financial report for the fiscal year ended
which may cause our actual results in future periods to differ materially from forecasted December 31, 2014. Readers are cautioned that the foregoing list of factors that may
results. While we consider our assumptions to be reasonable and appropriate based affect future growth, results and performance is not exhaustive and undue reliance
on information currently available, there is a risk that they may not be accurate. For should not be placed on forward-looking statements. The forward-looking statement
additional information with respect to the assumptions underlying the forward-looking set forth herein reflect our expectations as at the date of this presentation and are
statements made in this presentation refer to the respective Guidance and forward- subject to change after such date. Unless otherwise required by applicable securities
looking statements sections in Overview, Bombardier Aerospace and Bombardier laws, we expressly disclaim any intention, and assume no obligation to update or
Transportation sections in the Managements Discussion and Analysis (MD&A) in the revise any forward-looking statements, whether as a result of new information, future
Corporations financial report for the fiscal year ended December 31, 2014. events or otherwise. The forward-looking statements contained in this presentation are
expressly qualified by this cautionary statement.

All amounts in this presentation are expressed in 2014 U.S. dollars unless otherwise indicated. Global 5000, Global 6000, Global 7000, Global 8000, Learjet 40, Learjet 45, Learjet
70, Learjet 75, Learjet 85, Challenger 350, Challenger 650, Bombardier, Bombardier Business Aircraft, Bombardier Vision and The Evolution of Mobility are either Unregistered or
Registered Trade-Mark(s) of Bombardier Inc. or its subsidiaries.

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 2


TABLE 1. INTRODUCTION AND EXECUTIVE SUMMARY
2. BOMBARDIER BUSINESS AIRCRAFT OVERVIEW
OF 3. BUSINESS AIRCRAFT MARKET DRIVERS
CONTENTS 4. BUSINESS AIRCRAFT MARKET FORECAST
5. FORECAST BY REGION
6. CONCLUSION
3
EXECUTIVE SUMMARY

INTRODUCTION
Bombardier Business Aircraft is pleased to present its 2015 Chinas growth decelerated while Russia ended the year on
edition of the Business Aircraft Market Forecast, debuting at the brink of recession due to falling oil prices and significant
the European Business Aviation Convention and Exhibition economic restrictions imposed by the western world.
in Geneva. The forecast provides an in-depth look at how
six primary market drivers (wealth creation, globalization of Last year the industry reached 601 aircraft deliveries,
trade, emerging markets, new aircraft programs, replacement a 6% increase from 2013. Demand for long range business
demand and accessibility) will shape the future of business travel continued to grow, though at a slower pace, which
aviation over the next 10 years. resulted in a total of 200 deliveries for Large category
aircraft. Medium category aircraft had 212 total deliveries,
This analysis focuses specifically on aircraft categories in a modest recovery expected to accelerate as world GDP
which Bombardier competes: Light, Medium and Large, as growth improves in upcoming years. Light category deliveries
well as major world regions. amounted to 189 aircraft, less than half the level of deliveries
seen when the market peaked in 2008.

Having secured more aircraft orders and deliveries since the


THE BUSINESS JET MARKET IN 2014 downturn in 2009 than any other manufacturer, Bombardier
Business Aircraft continues to hold its position as industry
In 2014, the business jet industry continued its path towards
leader. In 2014, Bombardier Business Aircraft delivered 204
recovery, led by the strengthening North American economy.
business aircraft, amounting to 34% delivery market share.
North American business jet orders and deliveries in the
markets where Bombardier competes were strong in 2014,
driven by solid domestic business investment, a thriving stock
market and sustained consumer spending. However, orders
and deliveries lagged in other regions as a result of several
challenges which held back a broader recovery in the world
economy. European GDP growth remained sluggish overall
but gained some momentum in the later part of 2014.

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 4


EXECUTIVE SUMMARY

BUSINESS JET VALUE PROPOSITION


AND LONG-TERM VISION FOR THE INDUSTRY
Business jets have proven to be a cost-effective, fast, and Our 10-year delivery forecast predicts 9,000 business aircraft
safe method of travel1. The benefits of business travel include deliveries valued at $267 billion. In the following sections, we
on-demand flight scheduling, the ability to conduct business present our detailed forecast and analysis of the business jet
privately during flights, direct access to company sites and industry for key regions across the world.
reduced travel time. While we acknowledge the slow growth 1
In a series of studies conducted between 2009 and 2013, NEXA Advisors
facing the industry today, we believe the strong value evaluated the impact of business jet ownership on small to large companies,
proposition for business jets remains uncontested. In the as well as government agencies. Its most recent study on business aviation
long term, with continued wealth creation in mature markets and the worlds top performing companies concluded that companies
and increased penetration of business jets in emerging using business jets were likely to outperform non-users on revenue growth,
markets, the overall market for business jets will show strong innovation, employee satisfaction and market share.
growth. As a result, our long-term forecast remains relatively
unchanged from the forecast published last year.

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 5


BOMBARDIER
BUSINESS AIRCRAFT
Strength in numbers

2014 ACHIEVEMENTS

204 13%
DELIVERIES INCREASE
34% 10
DELIVERY CONSECUTIVE
TH
VERSUS 2013 MARKET SHARE YEAR AS A LEADER1

PROGRAM MILESTONES

LEARJET CHALLENGER GLOBAL


40/45/70/75 SERIES 300 SERIES SERIES
DELIVERED DELIVERED DELIVERED

600
AND COUNTING
500
AND COUNTING
600
AND COUNTING

1
Delivery unit leader in those segments where Bombardier competes. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 6
BUSINESS AIRCRAFT
MARKET DRIVERS
Drivers have a positive relationship
with the business aircraft market

WEALTH CREATION GLOBALIZATION EMERGING NEW AIRCRAFT REPLACEMENT ACCESSIBILITY


OF TRADE MARKETS PROGRAMS DEMAND

Expansion of economic Expansion of trade from Growth of the worlds Introduction of new Demand generated Alternatives to full
activity in the world, interregional partners developing markets and and technologically from the retirement business jet ownership
measured by Gross to a globally connected the convergence advanced aircraft of aircraft
Domestic Product economy of business jet adoption models into the
towards mature market industry
levels

The evolution of these drivers will shape the outlook of the industry

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 7


ECONOMIC
DRIVERS

BUSINESS JET FLEET AND WORLDWIDE ECONOMIC GROWTH

1970 1980 1990 2000 2010 2014


FLEET 830 2,000 4,650 8,650 14,150 15,735
(# aircraft)

WORLD
ECONOMY 18.5 27.3 37.4 49.3 65.2 72.3
($ trillion)

Growth in the business jet fleet has followed growth of the world economy

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 8


ECONOMIC
DRIVERS
35
,7

5
15

EXPANDING GLOBALIZATION OF TRADE EMERGENCE


EMERGING % POCKETS OF GROWTH
OF NEW
ECONOMIES GDP
GROWTH
35
,7

5%
15

3%
EMERGING AVERAGE
WORLD GDP
ECONOMIES GDP
GROWTH

2%
.3

3%
72

GDP
GROWTH
AVERAGE
2014 WORLD GDP

MATURE ECONOMIES
2%
.3

trillion)
72

GDP
GROWTH

2014

MATURE ECONOMIES

($ trillion)

Expanding globalization of trade High growth economies are accounting


is driving the need for direct for a greater share of world wealth
city-to-city access

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 9


BUSINESS JET MARKET SEGMENTATION

In production: 34

In development: 14 VERY LIGHT LIGHT MEDIUM LARGE LARGE


CORPORATE
AIRLINERS

BOMBARDIER* Learjet 70 Challenger 350 Global 5000


Learjet 75 Challenger 650 Global 6000
Global 7000
Global 8000

CESSNA Mustang CJ4 Citation X+


M2 XLS+ Longitude
CJ2+ Latitude
CJ3+ Sovereign+

DASSAULT F2000S F7X


F2000LXS F5X
F900LX F8X

EMBRAER Phenom 100 Phenom 300 Legacy 500 Lineage 1000E


Legacy 450 Legacy 650

GULFSTREAM G150 G280 G500


G450 G550
G600
G650/G650ER

OTHER Hondajet PC-24 ACJ 318/319


SJ30-2 BBJ 1/2/3
Eclipse 550 BBJ Max 8/9

INDUSTRY Introduction of several new and more capable models

DRIVERS
stimulates demand and replacement purchase decisions
*
Learjet 85 program on pause

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 10


INDUSTRY
DRIVERS

2,050
REPLACEMENT DEMAND ACCESSIBILITY

2,050
Full ownership
Full ownership

mulative
Cumulative Branded Fractional
siness jet business jet charter
Branded Fractional
ownership
charter ownership
tirements 699
retirements 699

342 Air taxis Air taxis Jet card Jet card


342
14 programsprograms
14
1960 1970 1980 1990 2000 2014
0 1980 1990 2000 2014

Several alternatives to full business aircraft


Increased pace of retirements drives ownership exist that extend the benefits
demand for replacement aircraft of private jet travel to many users

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 11


MARKET DRIVERS
OUTLOOK
Future projections of key market drivers

The global economy is Several new models


expected to continue will enter service between
WEALTH improving. GDP growth
NEW AIRCRAFT 2015-2024 which will attract
CREATION is forecasted to cross the
PROGRAMS new buyers and stimulate
3% threshold by 2016-2017. replacement activity.

Trade globalization will


1,825 worldwide business
continue, particularly with and
GLOBALIZATION REPLACEMENT aircraft retirements forecasted
between emerging markets,
OF TRADE DEMAND over the next 10 years will
increasing the need for direct
drive increased replacements.
city-to-city access.

Fleet size in these regions Operators in the charter


is expected to continue and fractional market
EMERGING growing as business jet ACCESSIBILITY are renewing their fleets.
MARKETS adoption approaches International expansion will
mature market levels. drive future growth.

The outlook for the long-term drivers of business jet demand remains strong

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 12


2015-2024

10
TOTAL

YEARS

LIGHT MEDIUM LARGE

$137B
51%
3,400 $91B 3,100
38%
34% 34% 2,500
28%
$39B
15%

FORECAST
BY $267 9,000
AIRCRAFT Billion Deliveries

SIZE
CATEGORY
BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 13
FORECAST BY
AIRCRAFT SIZE
CATEGORY
Light category

KEY CHARACTERISTICS 10-YEAR FORECAST

3,400
TYPICAL
PURCHASE PRICE
- - 11,085
$9-20 M 3,100 + 1,085

8,770
- 7,755

CABIN VOLUME1 + 690


=
300 ft 3 5,345 CAGR

to 700 ft3 CAGR 2.4% =


3.8%
RANGE
2,000 to
3,000 NM 2014 Fleet Deliveries + Retirements - 2024 Fleet =
2014 Fleet Deliveries + Retirements - 2024 Fleet =

Light category aircraft


offer intraregional range Light category will generate a total
at an entry-level cost of 3,400 deliveries from 2015 to 2024

1
Cabin volume of 8.5 m3 to 19.8 m3 BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 14
FORECAST BY
AIRCRAFT SIZE
CATEGORY
Medium category

KEY CHARACTERISTICS 10-YEAR FORECAST

-
TYPICAL 3,100
PURCHASE PRICE
- - 7,755
$20-42 M 3,100
+ 690
- 7,755
5,345
CABIN VOLUME1 + 690

700 ft 3 5,345 CAGR =


to 1,500 ft3 CAGR 3.8% =
3.8%
RANGE
3,100 to
5,000 NM 2014 Fleet Deliveries + Retirements - 2024 Fleet =
2014 Fleet Deliveries + Retirements - 2024 Fleet =

Medium category aircraft


offer greater cabin comfort, Medium category will generate
range and speed a total of 3,100 deliveries from 2015 to 2024

1
Cabin volume of 19.8 m3 to 42.5 m3 BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 15
FORECAST BY
AIRCRAFT SIZE
CATEGORY
Large category

KEY CHARACTERISTICS 10-YEAR FORECAST

TYPICAL
PURCHASE PRICE
-
$50-72 M 2,500 4,070
3,100
- - 7,755
50
+ +
690
CABIN VOLUME1

=
CAGR
5,345
>1,500 ft 3
1,620 9.6%
CAGR =
3.8%

RANGE
>5,000 NM
2014 Fleet Deliveries + Retirements - 2024 Fleet =
2014 Fleet Deliveries + Retirements - 2024 Fleet =

Large category aircraft offer


the greatest cabin comfort, Large category will generate a total
range and speed of 2,500 deliveries from 2015 to 2024

1
Cabin volume > 42.5 m3 BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 16
FORECAST
BY REGION

NORTH AMERICA
TOTAL 2015-2024:

9,000
DELIVERIES 3,900 EUROPE

1,525 GREATER
CIS CHINA
510
875

LATIN AMERICA AFRICA MIDDLE ASIA


EAST SOUTH
850 275
400 ASIA PACIFIC
310 355

North America, Europe, China and Latin America will be the largest markets
for business aircraft over the next 10 years

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 17


2.6%

FORECAST BY REGION
$23.3
NORTH AMERICA $18.1

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

3,900 $96 CAGR


2.6% 2%

Units Billion in revenue 12,715


2.6%
10,090

$23.3
KEY FACTS $18.1
$23.3aviation
Birthplace of business
$18.1
Largest market for business aircraft
2014 2024 2014 2024
2015-2024
2014
OUTLOOK
2024
$ U.S. trillion (2010) Units
Average economic growth
of 2.6% per year FORECAST BY CATEGORY
CAGR
Fleet compound
CAGR annual LIGHT
growth rate of 2% LIGHT
2% MEDIUM LARGE
2%
Will remain the largest market
for business aircraft 12,715 2,060
12,715 2,060
Forecasted
10,090 to receive 3,900 deliveries 10,090 53%
53%
valued at $96 billion $39B $
$33B 41%
Light and Medium category aircraft $24B
34% 1,140 $24B
account for over 80% of deliveries 25%
29%
700 25%
18%

2014 2024
2014 2024

For the purposes of this forecast, North America includes


the United States and Canada. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 18
1.8%

FORECAST BY REGION $22.3


EUROPE $18.6

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

1,525 CAGR
$50 1.8% 7%

Units Billion in revenue 2,850


1.8%
1,435

$22.3
KEY FACTS $18.6
Second largest$22.3
market
for$18.6
business jet deliveries
2014 2024 2014 2024
2015-2024 OUTLOOK $ U.S. trillion (2010) Units
2014 2024
Average economic growth
of 1.8% per year FORECAST BY CATEGORY
Fleet compound annual CAGR
CAGR LIGHT
growth rate of 7% LIGHT
7% MEDIUM LARGE
Will remain 7the
%
second largest market
for business jet deliveries $31B
2,850
2,850
Forecasted to receive 1,525 deliveries 62%
1,435
1,435
valued at $50 billion
500 560 500
Medium and Large category aircraft 33% $14B 465 37% 33% $
account for almost 70% of deliveries 28% 30%

$5B $5B
10% 10%
2014 2024
2014 2024
For the purposes of this forecast, Europe includes the EU27 plus
Albania, Andorra, Bosnia, Croatia, Iceland, Kosovo, Liechtenstein,
Macedonia, Montenegro, Norway, Serbia, and Switzerland.
European fleet and deliveries are adjusted to exclude deliveries to
CIS-based owners that register their aircraft in Europe. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 19
6.5%

FORECAST BY REGION $16.7


GREATER CHINA $8.9

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

875 CAGR
$33 6.5% 13%

Units Billion in revenue 1,255


6.5%
385

$16.7
KEY FACTS $8.9
Exceedingly fast$16.7
fleet growth over
the$8.9
last 10 years at more than 20%
per year 2014 2024 2014 2024
$ U.S. trillion (2010) Units
2015-2024
2014 OUTLOOK
2024

Average economic growth FORECAST BY CATEGORY


of 6.5% per year CAGR
CAGR annual LIGHT
Fleet compound LIGHT
13% MEDIUM LARGE
growth rate13of
% 13%
Forecasted to receive 875 deliveries
1,255
valued at $33 billion1,255 475 $18B
385
385 55% $
Medium and Large category aircraft $14B 55%

account for 90% of deliveries 42% 310


35%

90 90
$1B 10% $1B 10%
3%
2014 2024 3%
2014 2024

For the purposes of this forecast, Greater China includes China,


Hong Kong, Macau and Taiwan. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 20
3.3%

FORECAST BY REGION $7.9


LATIN AMERICA $5.7

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

850 CAGR
$24 3.3% 3%

Units Billion in revenue 2,505


3.3%
1,925

$7.9
KEY FACTS $5.7
$7.9
Relatively mature market
for$5.7
business aviation
Brazil and Mexico account 2014 2024 2014 2024
for 60%
2014 of the regional
2024 fleet $ U.S. trillion (2010) Units

2015-2024 OUTLOOK FORECAST BY CATEGORY


A
 verage economic growth CAGR
CAGR LIGHT
of 3.3% per year LIGHT
3% MEDIUM LARGE
3%
Fleet compound annual
growth rate of 3%
2,505
2,505
Forecasted to receive 850 deliveries 1,925 $11B
1,925
valued at $24 billion 350 46%
350
41% $9B 290 41%
Light and Medium category aircraft 37%
account for 75% of deliveries
34% 210
25%
$4B $4B
17% 17%
2014 2024
2014 2024

For the purposes of this forecast, Latin America includes


all countries between the Rio Grande and Cape Horn. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 21
2.4%

FORECAST BY REGION $2.8


CIS $2.2

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

510 CAGR
$16 2.4% 6%

Units Billion in revenue 1,035


2.4%
555

$2.8
KEY FACTS $2.2
$2.8
Business aviation in CIS began
$2.2
in the early 1990s
Fleet has grown by nearly 7% 2014 2024 2014 2024
per year
2014 since the early 1990s
2024
$ U.S. trillion (2010) Units

2015-2024 OUTLOOK FORECAST BY CATEGORY


Average economic growth CAGR
CAGR LIGHT
of 2.4% per year LIGHT
6% MEDIUM LARGE
6%
Fleet compound annual
growth rate of 6%
1,035 290
1,035
Forecasted to receive 510 deliveries 555 $9B 57%
555
valued at $16 billion 56%
$6B
38%
Medium and Large category aircraft
account for over 80% of deliveries 130
90 25% 90
18% 18%
$1B $1B
6% 6%
2014 2024
2014 2024

For the purposes of this forecast, the Commonwealth of


Independent States (CIS) includes Armenia, Azerbaijan, Belarus,
Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan,
Turkmenistan, Ukraine and Uzbekistan. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 22
4%

FORECAST BY REGION $4.9


MIDDLE EAST $3.3

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

400 CAGR
$15 4% 7%

Units Billion in revenue 780


4%
410

$4.9
KEY FACTS $3.3
$4.9market
Remains a promising
for$3.3
business aviation
Long distances between cities and 2014 2024 2014 2024
difficult
2014 ground transportation
2024 justify $ U.S. trillion (2010) Units
the need for business aviation
FORECAST BY CATEGORY
2015-2024 OUTLOOK CAGR
CAGR LIGHT
Average economic growth LIGHT
7% MEDIUM LARGE
of 4.0% per7year
%

Fleet compound annual growth


780 $9B
rate of 7% 780 60%
410
410
Forecasted to receive 400 deliveries 180
45% 160
valued at $15 billion $5B 40%
33%
Medium and Large category aircraft
remain the aircraft of choice 60 60
$1B 15%
$1B 15%
7% 7%
2014 2024
2014 2024

For the purposes of this forecast, the Middle East region also
includes Turkey. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 23
2.5%

FORECAST BY REGION $13.8


ASIA PACIFIC $10.8

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

355 CAGR
$14 2.5% 6%

Units Billion in revenue 720


2.5%
405

$13.8
KEY FACTS $10.8
$13.8
Geographic position necessitates
$10.8
the need for long range aircraft
2014 2024 2014 2024
2015-2024 OUTLOOK $ U.S. trillion (2010) Units
2014 2024
Average economic growth
of 2.5% per year FORECAST BY CATEGORY
Fleet compound annual CAGR
CAGR LIGHT
growth rate of 6% LIGHT
6% MEDIUM LARGE
Forecasted 6to
%
receive 355 deliveries $11B
valued at $14 billion 79%
720 205
720account
Large category aircraft
405
405 58%
for close to 60% of deliveries

80 70 80
22% $2B 20% 22%
$1B 14% $1B
7% 7%
2014 2024
2014 2024

For the purposes of this forecast, Asia Pacific excludes Greater


China and South Asia. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 24
7%

FORECAST BY REGION $5.1


SOUTH ASIA $2.6

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

310 CAGR
$12 7% 12%

Units Billion in revenue 455


7%
150

$5.1
KEY FACTS $2.6
$5.1 its regional
Continues to develop
$2.6aviation market
business
Infrastructure and regulatory 2014 2024 2014 2024
environment
2014 continue
2024
$ U.S. trillion (2010) Units
to slowly improve
FORECAST BY CATEGORY
2015-2024 OUTLOOK CAGR
CAGR LIGHT
Average economic growth LIGHT
12% MEDIUM LARGE
of 7% per year
12% $9B
Fleet compound annual growth 75%
455
rate of 12% 455 160
150
150 52%
Forecasted to receive 310 deliveries
valued at $12 billion
Large category aircraft account 70 80 70
for over 50% of deliveries
23% $2B 25% 23%
$1B 17%
$1B
8% 8%
2014 2024
2014 2024

For the purposes of this forecast, Asia Pacific includes Afghanistan,


Pakistan, Bhutan, India, Bangladesh, Sri Lanka, Maldives, and Nepal. BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 25
4.8%

FORECAST BY REGION $3.5


AFRICA $2.2

2014 2024

2015-2024 INDUSTRY DELIVERIES ECONOMIC GROWTH FLEET GROWTH

CAGR CAGR

275 CAGR
$7 4.8% 5%

Units Billion in revenue 595


4.8%
380

$3.5
KEY FACTS $2.2
$3.5
Important market for business aircraft
$2.2
deliveries
Fleet size has more than doubled 2014 2024 2014 2024
in the past 10 years
2014 2024
$ U.S. trillion (2010) Units

2015-2024 OUTLOOK FORECAST BY CATEGORY


Average economic growth CAGR
CAGR LIGHT
of 4.8% per year LIGHT
5% MEDIUM LARGE
5%
Fleet compound annual
growth rate of 5%
595
Forecasted to receive595
275 deliveries
380
380
valued at $7 billion $3B 110 $3B
100 43%
40%
43% 100
Light and Medium category aircraft 36% 36%
account for over 75% of deliveries 65
$1B 24%
$1B
14% 14%
2014 2024
2014 2024

BOMBARDIER BUSINESS AIRCRAFT | MARKET FORECAST 2015-2024 26


CONCLUSION
In 2014, business aviation continued on its path towards
recovery. Though industry orders lagged, deliveries increased
by 6% compared to the previous year. Over the next 10 years,
we expect Large category aircraft will represent half of overall
revenues at $137 billion while Medium and Light category aircraft
will represent $91 billion and $39 billion respectively. Emerging
markets like China, Russia, and Latin America will once again
be key drivers to future growth as current challenges in these
markets subside.

Our 2015 edition of the Business Aircraft Market Forecast predicts


a promising future for business aviation in the years ahead.
With the most extensive product portfolio of any manufacturer,
Bombardier is well positioned to lead the industry forward.

RESOURCES
Ascend
Asian Sky Group
B&CA Business & Commercial
Aviation Magazine
GAMA General Aviation
Manufacturers Association
IBAC International Business
Aviation Council
IHS Global Insight World Economic
Outlook, January 2015
JETNET
NEXA Advisors

This presentation can be found on


BUSINESSAIRCRAFT.BOMBARDIER.COM

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