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2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
2006 - 2Q06 Results In Us Gaap
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2006 - 2Q06 Results In Us Gaap

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  • 1. Second Quarter 2006 Financial Results August 14, 2006
  • 2. Forward Looking Statement •This presentation includes forward-looking statements or statements about events or circumstances which have not occurred. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting our business and our future financial performance. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: general economic, political and business conditions, both in Brazil and in our market. The words “believes,” “may,” “will,” “estimates,” “continues,” “anticipates,” “intends,” “expects” and similar words are intended to identify forward-looking statements. We undertake no obligations to update publicly or revise any forward-looking statements because of new information, future events or other factors. In light of these risks and uncertainties, the forward- looking events and circumstances discussed in this presentation might not occur. Our actual results could differ substantially from those anticipated in our forward-looking statements. THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 3. Highlights 2Q06 • On June 5, Embraer concluded its restructuring process and started to be listed on the Novo Mercado segment of the BOVESPA • On May 2, Embraer introduced the Lineage 1000, an ultra-large business jet based on the EMBRAER 190 commercial jet platform. THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 4. Highlights 2Q06 • JetBird acquired 50 firm Phenom 100 jets and placed an option for an additional 50 aircraft. • The EMBRAER 195 airliner, the largest of the EMBRAER 170/190 family, received in June type certification from the National Civil Aviation Agency (ANAC), the Brazilian certification authority. • Copa Airlines exercised three options for the EMBRAER 190 increasing the number of firm E-Jets in its orderbook to 15. • Embraer reached an agreement with Kawasaki Heavy Industries Ltd. to begin assembling the wings of the EMBRAER 190 and EMBRAER 195 aircraft. • Firm orders for the recently launched Phenom 100 and Phenom 300 reached more than 235 units at the end of the quarter. The total backlog for the executive aviation segment reached US$1.25 billion. THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 5. Results & Performance THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 6. Jet Deliveries 41 40 36 30 27 2Q05 3Q05 4Q05 1Q06 2Q06 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 7. Net Revenues and Gross Margin US$ Million 31.4% 28.1% 28.2% 28.7% 28.2% 1,190 1,064 1,021 812 808 2Q05 3Q05 4Q05 1Q06 2Q06 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 8. Net Revenue by Segment 2Q05 2Q06 $812 Million $1,021 Million Customer Services and Customer Others 12% Services and Executive Others 13% Executive Aviation 7% Aviation 9% Commercial Defense and Defense and Aviation 72% Government Government 15% 6% Commercial Aviation 66% THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 9. Income from Operations US$ Million 15.7% 13.2% 12.2% 9.6% 167 135 114 4.5% 99 37 2Q05 3Q05 4Q05 1Q06 2Q06 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 10. Net Income US$ Million 13.1% 13.6% 10.2% 10.4% 156 8.1% 139 110 83 65 2Q05 3Q05 4Q05 1Q06 2Q06 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 11. Accounts Receivable Breakdown US$ Million 905 790 654 488 451 482 472 100 136 140 302 351 346 332 251 2Q05 3Q05 4Q05 1Q06 2Q06 Others Commercial Aviation THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 12. Inventories US$ Million 1,736 1,648 1,639 1,601 1,511 2Q05 3Q05 4Q05 1Q06 2Q06 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 13. Net Cash (Debt) Position US$ Million 527 360 302 97 -229 2Q05 3Q05 4Q05 1Q06 2Q06 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 14. Loans Total Debt of US$ 1,528.6 Million Brazilian Currency Short Term 22% 41% Long Term Foreign 59% Currency 78% • Average cost in R$ = 9.5 % p/a Long-Term Loan Average Maturity: • Average cost in US$ =7.1 % p/a 2 years and 1 month THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 15. Loans Maturity US$ million 634 1,529 160 284 199 252 Total Short-term 2007 2008 2009 Beyond 2010 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 16. Backlog and Delivery Forecast THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 17. ERJ 145 Family Order Book Firm Firm Orders Options Total Deliveries Backlog ERJ 135 108 2 110 108 - ERJ 140 74 - 74 74 - ERJ 145 682 157 839 676 6 Total 864 159 1,.023 858 6 (2nd Quarter 2006) THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 18. EMBRAER 170/190 Family Order Book Firm Firm Orders Options Total Deliveries Backlog EMBRAER 170 144 116 260 111 33 EMBRAER 175 22 - 22 19 3 EMBRAER 190 253 286 539 33 220 EMBRAER 195 36 40 76 - 36 Total 455 442 897 163 292 (2nd Quarter 2006) THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 19. Backlog US$ Billion 14.7 15.0 15.3 15.9 13.6 10.9 10.4 10.4 10.4 10.2 2Q05 3Q05 4Q05 1Q06 2Q06 Firm Options THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 20. Jet Deliveries Forecast 160 161 148 145 150 141 131 96 101 59 1998 1999 2000 2001 2002 2003 2004 2005 2006E 2007E THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 21. Investor Relations Phone: + 5512 3927-4404 investor.relations@embraer.com.br www.embraer.com.br

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