Core Insights - CAE will release its second quarter financial results on November 11, 2025, after market close, with a conference call scheduled for November 12, 2025, at 8:00 a.m. ET to discuss performance and outlook [1][2]. Company Overview - CAE is dedicated to enhancing safety through advanced training, simulation, and critical operations solutions for aviation professionals and defense forces, employing approximately 13,000 staff across 240 sites in over 40 countries [3]. - The company has been a leader in innovation for nearly 80 years, focusing on high-fidelity flight simulators and training solutions while prioritizing sustainability [3]. Conference Call Details - The conference call will feature key executives including Calin Rovinescu, Matthew Bromberg, Nick Leontidis, Constantino Malatesta, and Andrew Arnovitz, aimed at financial analysts and institutional investors [2]. - The call will be accessible via live audio webcast, with a recording available post-event, and participants can join by telephone using a specific conference ID [2]. Additional Information - CAE is involved in initiatives such as the Air Canada and CAE Captain Judy Cameron Scholarship, which supports young Canadian women pursuing careers as commercial pilots or aircraft maintenance engineers [5]. - The company has recently signed an agreement to deliver a new Boeing 737MAX full-flight simulator to MAB Academy in Kuala Lumpur, Malaysia [6].

Core Insights - CAE will release its second quarter financial results on November 11, 2025, after market close, with a conference call scheduled for November 12, 2025, at 8:00 a.m. ET to discuss performance and outlook [1][2] Company Overview - CAE is dedicated to enhancing safety through advanced training, simulation, and critical operations solutions for aviation professionals and defense forces, employing approximately 13,000 staff across 240 sites in over 40 countries [3] - The company has been a leader in innovation for nearly 80 years, focusing on high-fidelity flight simulators and training solutions while prioritizing sustainability [3]

Group 1: Director Election Results - CAE announced the election results from its 2025 Annual and Special Meeting of Shareholders, with 13 nominees elected as Directors [1] - Ayman Antoun received the highest approval with 99.92% of votes for, while Patrick M. Shanahan had the lowest approval at 91.82% [1] - The total votes against for the nominees ranged from 0.05% to 8.35%, indicating strong support for most candidates [1] Group 2: Company Overview - CAE focuses on making the world safer by providing training, simulation, and critical operations solutions for aviation and defense [2] - The company employs approximately 13,000 people across around 240 sites and training locations in over 40 countries [2] - CAE has been a leader in innovation for nearly 80 years, emphasizing high-fidelity flight simulators and training solutions while prioritizing sustainability [2]

Core Insights - CAE Inc. reported solid first-quarter results for fiscal 2026, with double-digit income growth and margin expansion in both Defense and Civil sectors, driven by strong demand in civil aviation and increased defense spending across NATO [2][4][6] Financial Performance - First quarter fiscal 2026 revenue was $1,098.6 million, a 2% increase from $1,072.5 million in the same quarter last year [4][6] - Operating income rose to $133.8 million (12.2% of revenue), up 23% from $108.6 million (10.1% of revenue) in the previous year [5][6] - Net income attributable to equity holders was $57.2 million, an 18% increase from $48.3 million in the prior year [6] - Earnings per share (EPS) from continuing operations increased to $0.18, a 20% rise from $0.15 last year [6] Civil Aviation Segment - Civil revenue reached $607.7 million, a 3% increase from $587.6 million in the previous year [7][10] - Operating income for the Civil segment was $99.4 million (16.4% of revenue), compared to $89.8 million (15.3% of revenue) last year [10] - Civil signed training solutions contracts valued at $511.4 million during the quarter, with an adjusted backlog of $8.4 billion [8][10] Defense and Security Segment - Defense revenue was $490.9 million, a slight increase from $484.9 million in the previous year [11][13] - Operating income in the Defense segment improved significantly to $34.4 million (7.0% of revenue), compared to $18.8 million (3.9% of revenue) last year [11][13] - The adjusted backlog for Defense was $11.1 billion, reflecting strong demand driven by rising defense budgets across NATO [12][13] Management Changes - Matthew Bromberg was appointed as the new President and CEO, succeeding Marc Parent, effective after the AGM on August 13, 2025 [2][3] Sustainability Initiatives - CAE maintained stable carbon emissions despite a 10% increase in business activity, demonstrating the effectiveness of its decarbonization strategy [20][21] - The company received recognition for its sustainability efforts, including being named one of the World's Most Sustainable Companies of 2025 by TIME magazine [22] Outlook - The Civil business is expected to benefit from strong fundamentals and regulatory requirements for pilot training, with anticipated mid-single-digit percentage growth in adjusted segment operating income for fiscal 2026 [24][25] - The Defense segment is positioned for long-term growth, with expectations of low-double-digit percentage annual growth in adjusted segment operating income [26][27]

Group 1 - CAE will host its FY2026 Q1 financial results conference call on August 13, 2025, at 8:00 a.m. ET, inviting analysts and institutional investors to attend virtually [1][2] - The conference call will feature key executives including Calin Rovinescu, Marc Parent, and Matthew Bromberg [2][5] - A recording of the conference call will be available on CAE's investor relations website following the event [2][6] Group 2 - CAE's FY2025 Annual Meeting of Shareholders will take place on the same day, August 13, 2025, at 11:00 a.m. ET, both in person and via live webcast [1][5] - The in-person meeting will be held at 1250 René-Lévesque Blvd, Montreal, Quebec [5] - The conference call will also be accessible via telephone for North American participants [3]

Core Viewpoint - CAE Inc. has received regulatory approval to renew its normal course issuer bid (NCIB) to repurchase up to 16,019,294 common shares, representing approximately 5% of its issued and outstanding shares, from June 10, 2025, to June 9, 2026 [1]. Group 1: NCIB Details - The repurchases will be conducted through the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), adhering to their respective rules and applicable securities laws [2]. - RBC Dominion Securities Inc. has been designated as CAE's broker for the NCIB, and an automatic repurchase plan agreement (ARPA) has been established to facilitate purchases during regulatory black-out periods [3]. - CAE's average daily trading volume (ADTV) over the last six months was 733,845 shares, allowing for a maximum daily repurchase of 183,461 shares under TSX rules [5]. Group 2: Previous NCIB Performance - Under the previous NCIB, which ran from May 30, 2024, to May 29, 2025, CAE purchased 856,230 shares at an average price of $24.85, totaling $21.3 million [7]. - All shares repurchased under the NCIB will be cancelled, reducing the total number of outstanding shares [6]. Group 3: Strategic Intent - The NCIB is part of CAE's capital allocation strategy, aimed at enhancing shareholder value through share repurchases [8].

Core Insights - CAE Inc. reported strong financial results for Q4 FY2025, with significant improvements in revenue, operating income, and free cash flow, driven by disciplined execution and efficient capital management [3][7][10] - The company achieved a record annual free cash flow of $813.9 million, reflecting a cash conversion rate of 211% [3][10] - CAE's adjusted order intake for the quarter was $1.3 billion, contributing to an adjusted backlog of $20.1 billion, which is a 65% increase from the previous year [3][10] Financial Performance - Q4 FY2025 revenue was $1,275.4 million, a 13% increase from $1,126.3 million in Q4 FY2024 [7][9] - Annual revenue for FY2025 reached $4.7 billion, up 10% from $4.3 billion in FY2024 [8][9] - Q4 FY2025 operating income was $239.9 million, compared to an operating loss of $533.0 million in the same quarter last year [7][10] - Annual operating income for FY2025 was $729.2 million, a significant recovery from an operating loss of $185.4 million in FY2024 [8][9] Segment Performance Civil Aviation - Q4 Civil revenue was $728.4 million, a 4% increase year-over-year, with an adjusted segment operating income margin of 28.6% [12][17] - Annual Civil revenue was $2,709.3 million, an 11% increase from $2,435.8 million in FY2024 [13][17] - Civil adjusted backlog grew nearly 40% to a record $8.8 billion, supported by $3.7 billion in adjusted order intake [4][16] Defense and Security - Q4 Defense revenue was $547.0 million, a 29% increase compared to the same quarter last year, with an adjusted segment operating income margin of 9.2% [18][22] - Annual Defense revenue was $1,998.6 million, an 8% increase from $1,847.0 million in FY2024 [19][22] - The adjusted backlog for Defense reached $11.3 billion, reflecting a robust demand driven by increased defense budgets across NATO and allied nations [20][22] Growth Outlook - The company anticipates continued growth in FY2026, supported by higher margins and strong free cash flow, with expectations of low-double-digit percentage annual adjusted segment operating income growth in Defense [5][32] - In Civil, the outlook remains strong due to regulatory requirements for pilot training and the ongoing need to train new pilots, despite some short-term headwinds [31][32] - CAE's business model is characterized by structural resilience and secular growth trends in both Civil and Defense segments, underpinned by recurring revenue streams [6][32] Capital Management - CAE's net debt at the end of FY2025 was $3,176.7 million, with a net debt-to-adjusted EBITDA ratio of 2.77 times, down from 3.36 times in the previous quarter [27][36] - The company expects to further deleverage its balance sheet, targeting a net debt-to-adjusted EBITDA ratio of 2.5 times by the end of FY2026 [36] - Total capital expenditures for FY2026 are expected to be modestly lower than FY2025, focusing on organic growth investments [35]