2007* Paris Air Show   Corporativo E RelaçõEs Com Investidores
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2007* Paris Air Show Corporativo E RelaçõEs Com Investidores

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2007* Paris Air Show Corporativo E RelaçõEs Com Investidores Presentation Transcript

  • 1. 2007 Air Show Presentation Results & Performance Antonio Luiz Pizarro Manso Executive Vice President Corporate & CFO June 20, 2007
  • 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. Jet Deliveries 36 37 30 27 25 1Q06 2Q06 3Q06 4Q06 1Q07 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 4. Net Revenues and Gross Margin US$ Million 39,4% 37,7% 34,1% 30,2% 28,1% 3.830 3.807 3.441 2.526 2.144 2002 2003 2004 2005 2006 Net Revenue Gross Margin THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 5. Net Revenues and Gross Margin US$ million 28.7% 28.3% 28.2% 27.5% 25.7% 1,084 1,021 894 808 843 1Q06 2Q06 3Q06 4Q06 1Q07 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 6. Net Revenue by Segment 1Q06 1Q07 Customer Customer Services and Others Services and 16% Others 17% Commercial Aviation 62% Executive Aviation Executive 14% Aviation 11% Defense and Commercial Government Aviation Defense and 5% 65% Government 10% THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 7. EBIT – EBIT Margin US$ Million 18,6% 15,8% 13,3% 12,3% 544 508 470 8,1% 308 265 2002 2003 2004 2005 2006 Income f rom Operations Margin THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 8. EBIT – EBIT Margin US$ Million 13,2% 7,0% 135 5,2% 4,5% 76 37 46 0,5% 5 1Q06 2Q06 3Q06 4Q06 1Q07 Income f rom Operations EBIT Margin THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 9. EBITDA US$ Million 14,8% 151 8,3% 7,6% 7,8% 85 23 75 62 2,7% 1Q06 2Q06 3Q06 4Q06 1Q07 Ebitda Ebitda Margin 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 11,6% 11,1% 10,20% 8,8% 446 380 3 90 6,3% 223 136 200 2 2003 2004 2005 2006 Net Inc ome Net Margin THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 11. Net Income US$ Million 13.6% 11.5% 8.1% 139 6.9% 124 26 65 61 3.1% 1Q06 2Q06 3Q06 4Q06 1Q07 Net Income Net Margin THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 12. Aircraft Financing Support US$ Million 135.5 139.6 32.4 215.9 217.4 223.4 174.4 164 1Q06 2Q06 3Q06 4Q06 1Q07 CCF Acc Rec THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 13. Inventories US$ Million 2,317 2,047 1,882 1,648 1,639 1Q06 2Q06 3Q06 4Q06 1Q07 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 14. Net Cash (Debt) Position US$ Million 527 507 416 302 217 1Q06 2Q06 3Q06 4Q06 1Q07 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 15. Loans Total Debt of US$ 1,224.3 Million Brazilian Short Currency Term 21% 36% Foreign Long Currency Term 79% 64% • Average cost in R$ = 7.1%p/a Average Maturity: 4 years and 9 months • Average cost in US$ =Libor + 1.69% p/a THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 16. Loans Maturity US$ million 446 91 64 1,2 2 4 99 33 491 Total Short- 2008 2009 2010 2011 after term 2011 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 17. Investments THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 18. R&D – PP&E US$ Million 206 173 158 153 143 148 114 111 100 91 70 64 59 50 2000 2001 2002 2003 2004 2005 2006 PP&E R&D THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 19. Contributions from Risk Sharing Partners US$ million 246 14 1 108 - 55 42 17 20 Total 2001 2002 2003 2004 2005 2006E 2007E 2008/2010E THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 20. Research & Development Forecast US$ Million 2007 2008 Commercial Aviation 51 22 Executive Aviation 127 90 Technology Development 59 61 TOTAL 237 173 Defense & Government 32 48 Defense & Government R&D are funded by their contracts and are included as Cost of sales and services THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 21. PP&E US$ Million 2007 2008 Productivity 77 52 Production Ramp Up 104 36 Customer Services 13 29 TOTAL 194 117 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 22. Backlog and Delivery Forecast THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 23. ERJ 145 Family Order Book Firm Firm Orders Options Total Deliveries Backlog ERJ 135 108 - 108 108 - ERJ 140 74 - 74 74 - ERJ 145 732 132 864 679 53 Total 914 132 1,046 861 53 (1st Quarter 2007) THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 24. EMBRAER 170/190 Family Order Book Firm Firm Orders Options Total Deliveries Backlog EMBRAER 170 160 130 290 130 30 EMBRAER 175 99 136 235 29 70 EMBRAER 190 327 241 546 65 262 EMBRAER 195 44 51 95 5 39 Total 630 558 1,188 229 401 (1st Quarter 2007) THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 25. Backlog US$ Billion 18.2 18.2 14.9 15.3 15.9 13.3 14.8 15.0 10.4 10.2 1Q06 2Q06 3Q06 4Q06 1Q07 Firm Options THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 26. Jet Deliveries Forecast 195/205 160 161 165/170 148 141 131 130 101 2000 2001 2002 2003 2004 2005 2006 2007E 2008E* * Includes 15/20 Phenom 100 THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
  • 27. Investor Relations Phone: + 5512 3927-4404 investor.relations@embraer.com.br www.embraer.com