Q1 results6.452% NEWS Bombardier Inc. Class B Subordinate Voting Shares News & Events May 5, 2022, 6:34 AM ET BACK TO OVERVIEW ADD TO WATCHLIST SUBSCRIBE TO ALERTS Bombardier Reports First Quarter 2022 Results, Grows Backlog by $1.3Billion, Meaningfully Expands Profit Margins, and Delivers Fourth Consecutive Quarterly Positive Free Cash Flow in Continued Progress Towards Long-term Objectives GlobeNewswireMay 5, 2022 6:30 AM EDT Revenues of $1.2 billion reflect strong aftermarket performance and 21aircraft deliveries, well on track towards full year guidance of more than 120 deliveries. Adjusted EBITDA(1)rose to $167 million, a 36% year-over-year improvement fueled byGlobal7500margin expansion, execution of cost reduction plan and higher contributions from aftermarket. First quarter reported EBIT from continuing operations was $85million. Strong free cash flow(1)generation of $173 million from continuing operations represents an improvement of $578 million year-over-year and tracks ahead of plan, driven by strong order intake, reduction in interest paid and earnings growth. Adjusted liquidity(1)stands strong at $1.8billion. Reported cash flows from operating activities for the quarter was $217million and net additions to PP&E and intangible assets for the quarter were $44 million. Cash and cash equivalents as at March 31, 2022 were $1.4billion. First quarter unit book-to-bill(2)of 2.5 and backlog rose by $1.3billion to $13.5billion since the beginning of 2022, a reflection of continued strong order intake.