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Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
Conference Call 2Q14
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Conference Call 2Q14

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Conference Call 2Q14

Conference Call 2Q14

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  • 1. This information is property of Embraer and can not be used or reproduced without written permission. 2nd QUARTER 2014 EARNINGS RESULTS JULY 31, 2014
  • 2. This information is property of Embraer and can not be used or reproduced without written permission. 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 FORWARD LOOKING STATEMENT
  • 3. This information is property of Embraer and can not be used or reproduced without written permission. BUSINESS HIGHLIGHTS AURIGNY AIR SERVICES FROM GUERNSEY, CHANNEL ISLANDS, STARTED OPERATION WITH THE E195. DELIVERY OF 29 E-JETS IN 2Q14. 3 EMBRAER E-JETS TO BEGIN FLYING WITH TURKISH OPERATOR BORAJET. AURIGNY AIR SERVICES ICBC LEASING TIANJIN AIRLINES CHINA’S ICBC LEASING SIGNED PURCHASE AGREEMENT FOR UP TO 20 E190-E2. CHINA'S HNA GROUP TIANJIN AIRLINES PURCHASED 20 E-JETS AND 20 E-JETS E2. ROYAL AIR MAROC ADDED FOUR E190 AS PART OF ITS FLEET UPGRADE.
  • 4. This information is property of Embraer and can not be used or reproduced without written permission. BRAZIL'S AZUL SIGNED LOI FOR 30 E195-E2 JETS PLUS 20 OPTIONS. FUJI DREAM AIRLINES PLACED AN ORDER FOR THREE E-JETS E175 PLUS THREE OPTIONS, ADDING TO ITS ALL-EMBRAER FLEET. AZAL PLACED AN ORDER FOR TWO ADDITIONAL E190. 4 E-JETS E2 PROGRAM - 590 ORDERS ANNOUNCED TO DATE, INCLUDING 210 FIRM. BUSINESS HIGHLIGHTS EMBRAER AND TRANS STATES SIGNED A DEAL FOR UP TO 100 E175-E2. AZUL LINHAS AÉREAS BRASILEIRAS FUJI DREAM AIRLINES AZERBAIJAN AIRLINES - AZAL
  • 5. This information is property of Embraer and can not be used or reproduced without written permission. BUSINESS HIGHLIGHTS EMBRAER EXECUTIVE JETS DELIVERED THE 500TH PHENOM FAMILY JET. 5 DELIVERY OF 29 EXECUTIVE JETS IN 2Q14 (22 LIGHT JETS AND 7 LARGE JETS). PHENOM 100E AND PHENOM 300 JETS WERE AGAIN ELECTED BY ROBB REPORT AS “BEST OF THE BEST” IN THEIR CATEGORIES. PHENOM 300 RECEIVED CERTIFICATION FROM EASA FOR STEEP-APPROACH OPERATION. STEEP-APPROACH IN LONDON CITY
  • 6. This information is property of Embraer and can not be used or reproduced without written permission. EMBRAER OPENED THE FINAL ASSEMBLY HANGAR FOR THE KC-390 AND SIGNED A CONTRACT FOR 28 AIRCRAFT WITH THE BRAZILIAN AIR FORCE. BUSINESS HIGHLIGHTS EMB-121 XINGU REACHED 30 YEARS OF OPERATIONS WITH THE FRENCH AIR FORCE AND FRENCH NAVY. EMBRAER SIGNED A MOU WITH SAAB FOR BRAZIL´S F-X2 PROJECT. 6 ATECH WON TWO COMPETITIONS: SUPPLY OF C4I SYSTEMS TO THE FEDERAL POLICE AND ALSO FOR THE AIR-TRAFFIC MANAGEMENT SYSTEM IN INDIA. VISIONA CONCLUDED PRELIMINARY DESIGN REVIEW IN THE SGDC PROJECT AND NEXT PHASE WAS APPROVED BY TELEBRAS AND THE MINISTRY OF DEFENSE. EMB-121 XINGUGRIPEN NG – FX-2KC-390 FINAL ASSEMBLY HANGAR
  • 7. This information is property of Embraer and can not be used or reproduced without written permission. BUSINESS HIGHLIGHTS 7 EMBRAER AND PETROBRAS SIGNED A MOU TO ASSESS THE RELIABILITY OF CRITICAL SYSTEMS OF THE OIL AND GAS INDUSTRY. EMBRAER AND BOEING SIGNED A MOU FOR IMPLEMENTING A SUSTAINABLE BIOFUELS R&D CENTER IN BRAZIL.
  • 8. This information is property of Embraer and can not be used or reproduced without written permission. FINANCIAL RESULTS
  • 9. This information is property of Embraer and can not be used or reproduced without written permission. FIRM ORDER BACKLOG US$ BILLION 17.1 17.8 18.2 19.2 18.1 2Q13 3Q13 4Q13 1Q14 2Q14 9
  • 10. This information is property of Embraer and can not be used or reproduced without written permission. 6 4 15 3 7 23 21 38 17 22 2Q13 3Q13 4Q13 1Q14 2Q14 22 19 32 14 29 2Q13 3Q13 4Q13 1Q14 2Q14 AIRCRAFT DELIVERIES LARGE JETS - LEGACY & LINEAGE LIGHT JETS - PHENOM2014 DELIVERIES ESTIMATES • 92 - 97 E-JETS • 25 - 30 EXECUTIVE LARGE JETS • 80 - 90 EXECUTIVE LIGHT JETS 10
  • 11. This information is property of Embraer and can not be used or reproduced without written permission. 309 267 369 394 357 2Q13 3Q13 4Q13 1Q14 2Q14 370 315 785 267 421 2Q13 3Q13 4Q13 1Q14 2Q14 860 687 1,120 555 972 2Q13 3Q13 4Q13 1Q14 2Q14 1,557 1,288 2,304 1,242 1,761 2Q13 3Q13 4Q13 1Q14 2Q14 NET REVENUES BY SEGMENT – 2014 OUTLOOK US$ 1.5 – 1.7 BILLION US$ 1.2 – 1.3 BILLION US$ 3.2 – 3.4 BILLIONUS$ 6.0 – 6.5 BILLION 11
  • 12. This information is property of Embraer and can not be used or reproduced without written permission. US$ MILLION R$ MILLION 12 NET REVENUES 2014 OUTLOOK: US$ 6.0 – 6.5 BILLION 3,240 2,944 5,296 2,929 3,929 2Q13 3Q13 4Q13 1Q14 2Q14 1,557 1,288 2,304 1,242 1,761 2Q13 3Q13 4Q13 1Q14 2Q14 YTD: 6,857YTD: 3,004
  • 13. This information is property of Embraer and can not be used or reproduced without written permission. 250 256 258 219 257 111 117 120 113 118 2Q13 3Q13 4Q13 1Q14 2Q14 332 375361 378373 SELLING EXPENSESG&A EXPENSES 13 SG&A EXPENSES US$ MILLION R$ MILLION 121 112 113 92 115 54 51 52 48 53 2Q13 3Q13 4Q13 1Q14 2Q14 165 140 163 175 168 YTD: 707YTD: 308
  • 14. This information is property of Embraer and can not be used or reproduced without written permission. 285 173 1,068 215 417 8.8% 5.9% 20.2% 7.4% 10.6% 2Q13 3Q13 4Q13 1Q14 2Q14 135 76 463 92 187 8.7% 5.9% 20.1% 7.4% 10.6% 2Q13 3Q13 4Q13 1Q14 2Q14 14 INCOME FROM OPERATIONS (EBIT) 2014 OUTLOOK: EBIT: US$ 540 – 620 MILLION EBIT MARGIN: 9.0% – 9.5% US$ MILLION R$ MILLION EBIT EBIT MARGIN YTD: 632 | 9.2%YTD: 279 | 9.3%
  • 15. This information is property of Embraer and can not be used or reproduced without written permission. 204 156 544 151 261 13.1% 12.1% 23.6% 12.2% 14.8% 2Q13 3Q13 4Q13 1Q14 2Q14 15 EBITDA 2014 OUTLOOK: EBITDA: US$ 780 – 910 MILLION EBITDA MARGIN: 13.0% – 14.0% US$ MILLION R$ MILLION EBITDA EBITDA MARGIN YTD: 938 | 13.7%YTD: 412 | 13.7% 427 359 1,253 355 583 13.2% 12.2% 23.7% 12.1% 14.8% 2Q13 3Q13 4Q13 1Q14 2Q14
  • 16. This information is property of Embraer and can not be used or reproduced without written permission.16 NET INCOME US$ MILLION R$ MILLION NET MARGINNET INCOME YTD: 579 | 8.4%YTD: 254 | 8.5% (10) 119 607 259 320 -0.3% 4.0% 11.5% 8.8% 8.1% 2Q13 3Q13 4Q13 1Q14 2Q14 (5) 53 265 111 143 -0.3% 4.1% 11.5% 8.9% 8.1% 2Q13 3Q13 4Q13 1Q14 2Q14
  • 17. This information is property of Embraer and can not be used or reproduced without written permission. 2,523 2,780 2,287 2,542 2,439 2Q13 3Q13 4Q13 1Q14 2Q14 17 INVENTORIES US$ MILLION
  • 18. This information is property of Embraer and can not be used or reproduced without written permission. 2Q13 3Q13 4Q13 1Q14 2Q14 2014 YTD NET CASH GENERATED (USED) BY OPERATING ACTIVITIES* 186 102 761 (273) 13 (260) ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (125) (106) (156) (48) (60) (108) ADDITIONS TO INTANGIBLE ASSETS (60) (80) (109) (83) (103) (186) FREE CASH FLOW 2 (84) 496 (404) (150) (554) 186 102 761 (273) 13 (125) (106) (156) (48) (60) (60) (80) (109) (83) (103) 2 (84) 496 (404) (150) 2Q13 3Q13 4Q13 1Q14 2Q14 18 FREE CASH FLOW * Net of Financial assets adjustment US$ MILLION YTD: (554)
  • 19. This information is property of Embraer and can not be used or reproduced without written permission. 21 59 48 80 320 250 RESEARCH DEVELOPMENT CAPEX 2014 OUTLOOK: US$ 650 MILLION 2014 OUTLOOK2014 YTD 19 INVESTMENTS US$ MILLION YTD: 128
  • 20. This information is property of Embraer and can not be used or reproduced without written permission. 94% 96% 96% 96% 96% 6% 4% 4% 4% 4% 5.4 6.3 6.2 5.9 5.7 2Q13 3Q13 4Q13 1Q14 2Q14 INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION LONG-TERM SHORT-TERM LOANS AVERAGE MATURITY (YEARS) 20 INDEBTEDNESS PROFILE | NET CASH TOTAL DEBT 2Q14: US$ 2.41 BILLION TOTAL CASH 2Q14: US$ 2.30 BILLION 58 (20) 429 53 (114) 2Q13 3Q13 4Q13 1Q14 2Q14
  • 21. This information is property of Embraer and can not be used or reproduced without written permission. INVESTOR RELATIONS PHONE: +55 12 3927 4404 INVESTOR.RELATIONS@EMBRAER.COM.BR WWW.EMBRAER.COM

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