I nves t or Rel at i ons                                                                            Phone: +55 12 3927 440...
Corporate and Business Strategy                                              • Organic growth.                            ...
Aircraft Deliveries        Commercial Jets                                                                                ...
Revenues              US$ Million                                   6,335                                                 ...
Revenues Breakdown                 Revenues by Segment                                                                    ...
Firm Order Backlog  US$ Billion                                      20.9                18.8                             ...
7                                                                                                       Investor Relations...
Embraer Commercial Aviation                                                                                               ...
Product Portfolio                                                                                                         ...
E-Jets Customer Base Evolution                                                                                            ...
E-Jets Family Order Book – 1Q12        E-JETS                                Firm orders                         Deliverie...
Worldwide DistributionCommercial Jets Market Share Evolution Worldwide                                                    ...
E-Jets Deployment                                                                     helping airlines to be more efficien...
Embraer Market Forecast (2011-2030)  •     Scope Clauses relaxation allowing 80-seater aircraft as a natural growth of RJ5...
Competitive Landscape                      120                                                                            ...
Investor RelationsThis information is property of Embraer and cannot be used or reproduced without written permission.
Embraer Executive Jets            Embraer Executive Jet             Delivered in Brazil                                   ...
Product Portfolio                             Aircraft                                    Model                       Seat...
Market ShareRevenues share (US$ - based on B&CA list prices)                                                              ...
2012-21 Market Forecast World Deliveries                                                                                  ...
Embraer Actual Fleet Distribution and     2012-21 Market Forecast                                                         ...
Pre-owned Inventory: Recovering                         Business Jets For Sale                                            ...
23                                                                                                       Investor Relation...
Embraer Defense and Security                                                                                              ...
Embraer Defense and Security  Embraer Defense and Security, partners and affiliated companies                             ...
Embraer Defense and Security Results                                         Revenues Evolution (US$ Million)             ...
Super TucanoFirm orders: 182 aircraft                                                                               Addres...
EMBRAER KC-390                                                                                                          To...
Modernization Programs                F-5M                                                                                ...
New Portfolio          Command and Control Systems          Onboard Systems          Simulation Systems          Electroni...
Brazilian Army Priorities                SISFRONIntegrated Borders Monitoring System            Estimate: US$ 4 BillionCom...
Revenues Breakdown Evolution                                                                                     2020     ...
2012 Out l ook                                                                                                            ...
2012 Outlook     Expected deliveries: 105 to 110 commercial jets,               75 to 85 light jets and 15 to 20 large jet...
2012 Outlook        Research                                        US$ 100 million                                       ...
Net Revenues / SG&A Expenses         Net Revenues - US$ Million                                                           ...
Income from Operations / EBITDAIncome from Operations - US$ Million                                                       ...
Net Income / Free Cash Flow        Net Income - US$ Million                                                               ...
Indebtedness Profile / Net Cash         Indebtedness Maturity                                                             ...
Investors’ Return                     EPADS and Pay Out                                                                   ...
Ownership Structure                          724,040,044 Voting Shares                                                    ...
43                                                                                                       Investor Relation...
Sustainability Initiatives                                                                                                ...
Lean ResultsE-Jets Final Assembly Line Transformation“Dock” layout - 2008                                        Assembly ...
P3E Results Kaizen - E-Jets Cycle Reduction                                                                    Cost of Non...
“Boa Idéia” Program Evolution   Cost: US$ 18.9 mi   Benefit: US$ 175.5 mi                                                 ...
48                                                                                                       Investor Relation...
Forward Looking StatementThis presentation includes forward-looking statements or statements about events orcircumstances ...
Presentation IR - July 2012
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  • Slide update: Quartely Source: SOE of the Quarter
  • Presentation IR - July 2012

    1. 1. I nves t or Rel at i ons Phone: +55 12 3927 4404 i nves t or . r el at i ons @ br aer . c om br em . www. em aer . c om br 1 Investor Relations2Q12 This information is property of Embraer and cannot be used or reproduced without written permission.
    2. 2. Corporate and Business Strategy • Organic growth. • Margins enhancement through the P3E. • Business and revenues diversification. • Product strategy. • Diversification and expansion of customer base. • Excellence in Customer Experience (ECE). • Market share growth. • Margins improvement. • Product strategy and customer support focus. • Establish Embraer as the defense house of Brazil. 2 • Organic growth and acquisitions. Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    3. 3. Aircraft Deliveries Commercial Jets Executive Jets 98 126 165133 125 83 101 105 2 36 37 12 21 21 19 16 12007 2008 2009 2010 2011 1Q2012 2007 2008 2009 2010 2011 1Q2012 Light Jets - Phenom 2012 deliveries estimates • 105 - 110 commercial jets Large Jets - Legacy & Lineage • 15 - 20 executive large jets 3 • 75 - 85 executive light jets Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    4. 4. Revenues US$ Million 6,335 5,498 5,364 5,803 5,245 1,156 2007 2008 2009 2010 2011 1Q2012 2012 Outlook: US$ 5.8 – 6.2 billion 42007-2008: USGAAP2009-2012: IFRS Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    5. 5. Revenues Breakdown Revenues by Segment Revenues by RegionRevenues RevenuesUS$ Billion 5.49 5.36 5.80 US$ Billion 5.49 5.36 5.80 2% 1% 2% 4% 12% 6% 4% 15% 15% 21% 22% 23% 17% 23% 19% 11% 13% 17% 7% 15% 11% 69% 33% 61% 64% 25% 33% 22% 20% 13% 2009 2010 2011 2009 2010 2011 Commercial aviation Defense and security North America Europe Latin America Executive aviation Others Brazil Asia Pacific Others 5 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    6. 6. Firm Order Backlog US$ Billion 20.9 18.8 16.6 15.6 15.4 14.8 14.7 2006 2007 2008 2009 2010 2011 1Q2012 6 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    7. 7. 7 Investor RelationsThis information is property of Embraer and cannot be used or reproduced without written permission.
    8. 8. Embraer Commercial Aviation 8 83 AIRLINES IN 51 COUNTRIES Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    9. 9. Product Portfolio capacity: 37 seats capacity: 70 to 80 seats range: 1,750 nm (3,250 Km) range: 2,100 nm (3,900 Km) capacity: 44 seats capacity: 78 to 88 seats range: 1,650 nm (3,050 Km) range: 2,000 nm (3,700 Km) capacity: 98 to 114 seats capacity: 50 seats range: 2,400 nm (4,500 Km) range: 1,550 nm (2,900 Km) capacity: 50 seats capacity: 108 to 122 seats range: 2,000 nm (3,700 Km) range: 2,200 nm (4,100 Km) 9 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    10. 10. E-Jets Customer Base Evolution 10 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    11. 11. E-Jets Family Order Book – 1Q12 E-JETS Firm orders Deliveries Firm Backlog EMBRAER 170 189 182 7 EMBRAER 175 189 145 44 EMBRAER 190 552 402 150 EMBRAER 195 133 94 39 Total 1,063 823 240 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    12. 12. Worldwide DistributionCommercial Jets Market Share Evolution Worldwide E-Jets Customer Base by Business Model 60-120 Seats Jets (% of E-Jets Fleet+Backlog) 27% 41% Low Cost Carriers 43% Regional Airlines 32% Network Airlines 30% Firm Orders Backlog 7% 12% 16% 5% 9% 33% 8% 35% 3% 27% 13% 30% 17% Considering Accumulated Net Orders Europe & CIS North America Middle East & Africa Asia Pacific & China 12 Latin America Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    13. 13. E-Jets Deployment helping airlines to be more efficientWorld 13 Right-sizing New Markets Replacement of Natural old Jets Growth Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    14. 14. Embraer Market Forecast (2011-2030) • Scope Clauses relaxation allowing 80-seater aircraft as a natural growth of RJ50s in the US • Right-sizing of narrow-body operations • Regional aviation development in Emerging Markets • Acceleration of replacement of old & inefficient jets Russia / CIS Europe North North 435 155 America America 1,675 580 6% 23% 22% Projected Deliveries- Jets 2,350 840 China ChinaMarket Segment 2011 2030 2010 – 2019 33% 32% Middle 975 340 (Seats) Deliveries Africa East 13% 30-60 430 60 61-90 2,670 1,015 195 80 310 105 Latin Asia Latin 3% 4% Pacific 91-120 4,125 1,550 America America 30-120 7,225 2,625 210 615 315 670 9% 8% 12% 9% 14 Around 7,225 jet deliveries (30-120 seats) in the next 20 years (US$ 320 bi) Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    15. 15. Competitive Landscape 120 CS100 110 110 Seats E195Capacity 32 pitch CRJ 1000 100 Seats 100 E190 SSJ100/95 90 70-90 Seats ARJ21 MRJ90 CRJ900 80 E175 CRJ700 E170 70 MRJ70 60 1600 1800 2000 2200 2400 2600 2800 3000 15 Range Nominal Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    16. 16. Investor RelationsThis information is property of Embraer and cannot be used or reproduced without written permission.
    17. 17. Embraer Executive Jets Embraer Executive Jet Delivered in Brazil 17 MORE THAN 500 AIRCRAFT DELIVERED IN OVER 40 COUNTRIES Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    18. 18. Product Portfolio Aircraft Model Seats / Range Competitors Entry up to 8 occupants/ • Cessna - Mustang CJ1+/M2 Phenom 100 1,178 nm Certified: 2008 • HondaJet • Cessna - CJ2+/CJ3/CJ4 Phenom 300 up to 11 occupants/ • Hawker - PremierIA/400XP Light 1,971 nm • Bombardier - Learjet 40XR Certified: 2009 • SyberJet - SJ30 Under development • Bombardier - Learjet 45XR Mid-light Legacy 450 7 to 9 passengers/ • Cessna - XLS+/Latitude 2,300 nm • Hawker 750 • Bombardier - Learjet 60XR/85 • Cessna - Sovereign Mid-size 8 to 12 passengers/ Legacy 500 • Hawker - H900XP 3,000 nm • Gulfstream – G150 • Bombardier - CL300/CL850 • Cessna - X/Ten Super Mid-Size 13 to 14 passengers/ Legacy 600 • Dassault - Falcon 2000S 3,400 nm • Gulfstream - G200/G280 Certified: 2001 • Hawker - H4000 Large • Bombardier - CL605/GL5000 Legacy 650 13 to 14 passengers/ • Dassault - Falcon 2000/900LX Certified: 2010 3,900 nm • Gulfstream - G350/G450 • Bombardier - GL XRSUltra-Long Range • Gulfstream – G500/G550/G650 • Dassault – Falcon 7X • Airbus - ACJ 318/319/320 18 Lineage 1000 13 to 19 passengers/ Ultra-large • Boeing – BBJ/BBJ2/BBJ3 4,500 nm Certified: 2008 • SSJ VIP/ ARJ21B / An-148VIP Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    19. 19. Market ShareRevenues share (US$ - based on B&CA list prices) Deliveries share (units) $16.6Bi $19.3Bi $22.2Bi $17.2Bi $18.2Bi $18.1Bi 885 1,040 1,154 870 763 703 8% 6% 5% 6% 10% 7% 3% 2% 1% 2% 3% 2%% OEM Share – Total Revenues US$ 8% 8% 8% 4% 10% 7% 9% 6% 6% 16% 16% 14% 11% 4% 5% 4% 6% 7% 3% 3% 14% % OEM Share – Total units 3% 14% 19% 23% 24% 27% 13% 13% 14% 23% 21% 21% 15% 6% 11% 13% 7% 7% 9% 9% 11% 12% 12% 18% 12% 15% 22% 16% 18% 35% 37% 40% 17% 12% 9% 33% 26% 7% 23% 29% 28% 29% 28% 27% 33% 26% 24% 22% 21% 20% 20% 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 Market Revenues 2011: US$18.1 billion Market Deliveries 2011: 703 units Embraer Revenues: US$1.0 billion Embraer Deliveries: 99 units 19 Bombardier Dassault Hawker-Beech Embraer Gulfstream Cessna Others Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    20. 20. 2012-21 Market Forecast World Deliveries 20 8,660 ~ 11,275 jets  US$ 205 ~ 260 billion over the next 10 years Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    21. 21. Embraer Actual Fleet Distribution and 2012-21 Market Forecast EMEA North America EMB: 164 a/c EMB: 219 a/c 2,400 to 3,400 a/c (30%) 4,200 to 5,300 a/c (47%) US$ 62 to 88 Bi (34%) US$ 90 to 110 Bi (42%) China EMB 4 a/c Asia Pacific 520 to 640 a/c (6%) EMB: 35 a/c US$ 17 to 21 Bi (8%) 1,400 to 1,700 a/c (15%) US$ 40 to 48 Bi (18%) Latin America Brazil EMB: 123 a/c EMB: 111 a/c 21 700 to 900 a/c (8%) 550 a/c (5%) US$ 12 to 16 Bi (6%) US$ 8 Bi (3%)June, 2012 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    22. 22. Pre-owned Inventory: Recovering Business Jets For Sale 13.3% 8.2% 2,470 jets 662 jets 22 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    23. 23. 23 Investor RelationsThis information is property of Embraer and cannot be used or reproduced without written permission.
    24. 24. Embraer Defense and Security 24 OVER 50 ARMED FORCES IN 48 COUNTRIES Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    25. 25. Embraer Defense and Security Embraer Defense and Security, partners and affiliated companies 25 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    26. 26. Embraer Defense and Security Results Revenues Evolution (US$ Million) GAGR 33% 15% Revenue Participation (%) 13% 8% 9% 6% 7% 852 670 505 499 346 227 2006 2007 2008 2009 2010 2011 EBIT Evolution (%) Backlog Evolution (US$ Billion) 13.4% 3.2 3.3 3.3 12.4% 12.2% 12.0% 9.6% 6.3% 1.5 1.1 1.0 26 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 Não contabiliza as receitas provenientes da OGMA nos anos de 2006 a 2010. Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    27. 27. Super TucanoFirm orders: 182 aircraft Addressable Market Forecast 2020 Brazil: 99 (US$ million) Colombia: 25 Long-term 700 Dominican Republic: 8 Medium-term 2,000 Short-term Chile: 12 800 Ecuador: 18 Indonesia: 8 Greystone (TACAir): 1 Total Market Forecast: Undisclosed: 11 300 aircraft / US$ 3.5 billionDeliveries: 156 aircraft 27 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    28. 28. EMBRAER KC-390 Total Market Forecast 2025:Brazil Colombia Argentina Chile Portugal Czech Rep. (28) (12) (6) (6) (6) (2) 700 aircraft / US$ 50+ bi• A new tactical military transport and tanker aircraft• First flight in 2014• Six countries• Letters of intent totalizing 60 aircraft 28 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    29. 29. Modernization Programs F-5M A1-M A-4 Addressable Market Forecast 2025 (US$ million) Brazilian Navy A-4 Long-term 12 aircraft 567 Two prototype at GPX-CS Medium-term 505 Short-term Brazilian Air Force A-1M 527 43 aircraft Five received by Embraer for the modernization Total Market Forecast*: Brazilian Air Force F-5M 46 a/c + 11 a/c (2nd batch) 29 234 aircraft / US$ 1.6 billion 44 already delivered * Considering the market for F-5 and Tucano modernization Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    30. 30. New Portfolio Command and Control Systems Onboard Systems Simulation Systems Electronic Warfare Systems Intelligence Systems Air Traffic Management and Control Systems JV with Elbit/AEL Sistemas where Embraer Defense and Security of CriticalHARPIA Security has a major participation Infrastructure UAS, simulators and modernization of avionics systems Public Security (sporting events, cities, states) Airport Management Air, ground and sea surveillance radars Systems Remote sensing SISFRON SisGAAZ Engine and Component Maintenance Overhaul and Modernization Aerostructure Manufacturing and AssemblingVISIONA Satellite 30 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    31. 31. Brazilian Army Priorities SISFRONIntegrated Borders Monitoring System Estimate: US$ 4 BillionComprising radars, communication networks, C4I,unmanned air vehicles (UAV) and armored vehicles Comm 9% UAV 12% Sensors 59% Satellite SW 20% Estimate: US$ 400 Million Participation in the first Brazilian Geostationary Satellite 31 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    32. 32. Revenues Breakdown Evolution 2020 Services 11% Transport 4% Sisfron, Satellite 10% KC-390 34% 2011 KC-390 New Business Services 19% 14% 10% Light Attack and ISR Radar, C4I, UAV, Combat 10% MRO 9%Modernization 18% 25% Light Attack 9% New Business •Airport Management Systems •SisGAAz (“Blue Amazon” Integrated Management System) Radar, C4I, UAV, MRO •Security of Critical Infrastructure 27% 32 •Public Security (sporting events, cities, states) Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    33. 33. 2012 Out l ook 33 Investor RelationsThis information is property of Embraer and cannot be used or reproduced without written permission.
    34. 34. 2012 Outlook Expected deliveries: 105 to 110 commercial jets, 75 to 85 light jets and 15 to 20 large jets. Net Revenues US$ 5.8 – 6.2 billion Commercial aviation Executive aviation Defense and security EBIT margin 8.0% – 8.5% Others EBITDA margin 11.5% – 12.5% 34 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    35. 35. 2012 Outlook Research US$ 100 million TOTAL Development US$ 350 million US$ 650 CAPEX US$ 200 million million US$ Million CAPEX R&D Investment/Revenue 35 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    36. 36. Net Revenues / SG&A Expenses Net Revenues - US$ Million SG&A Expenses - US$ Million 186 180 24.3% 173 172 22.5% 23.2% 22.4% 151 21.2% 72 64 71 69 57 2,025 1,359 1,364 109 103 114 109 1,156 94 1,056 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12US$ Net Revenues Gross Margin US$ G&A Expenses Selling Expenses2010 5,364 19.1% 2010 198 3742011 5,803 22.5% 2011 262 420 37 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    37. 37. Income from Operations / EBITDAIncome from Operations - US$ Million EBITDA - US$ Million 12.8% 14.8% 13.8% 8.9% 9.1% 11.3% 7.8% 7.4% -0.3% 2.9% 124 188 106 156 153 148 94 86 59 (6) 1Q11 2Q11 3Q11 4Q11 1Q121Q11 2Q11 3Q11 4Q11 1Q12 US$ EBIT EBIT Margin US$ EBITDA EBITDA Margin 2010 392 7.3% 2010 611 11.4% 2011 318 5.5% 2011 557 9.6% 38 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    38. 38. Net Income / Free Cash Flow Net Income - US$ Million Free Cash Flow - US$ Million10.0% 7.1% 5.4%105 96 0.1% 63 2 -4.5% -921Q11 2Q11 3Q11 4Q11 1Q12US$ Net Income Net Margin US$2010 330 6.2% 2010 2872011 112 1.9% 2011 1 39 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    39. 39. Indebtedness Profile / Net Cash Indebtedness Maturity Net Cash - US$ Million10% 13% 15% 26% 26% 5.0 4.85.7 4.5 4.2 85% 505 87% 74% 74% 44690% 406 302 1931Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 Long-term Short-term Loans Average Maturity (Years) Total Debt 1Q12 US$ 2.0 Billion Total Cash 1Q12 US$ 2.3 Billion 40 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    40. 40. Investors’ Return EPADS and Pay Out Dividend Yield (%) 115% 68% 53% 52% 34% 35% 26% 4.34 2.64 2.57 3.28 2.11 2.14 1.68 2.91 1.83 2.01 2.23 2.13 0.62 2006 2007 2008 2009* 2010* 2011* 2006 2007 2008 2009 2010 2011 EPADS Pay Out 41 2006-2008: US GAAP* 2009-2011: IFRS Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    41. 41. Ownership Structure 724,040,044 Voting Shares 42March, 2012 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    42. 42. 43 Investor RelationsThis information is property of Embraer and cannot be used or reproduced without written permission.
    43. 43. Sustainability Initiatives ISO 14001 and OHSAS 18001 Certifications Brazilian Alliance for Bio-fuel 1st ethanol powered aircraft in the World Social Activities Reforestation Projects Ipanema Recycling 44Corporate Values Greener Technology Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    44. 44. Lean ResultsE-Jets Final Assembly Line Transformation“Dock” layout - 2008 Assembly Line – 2009 Assembly Line – 2011 Performance indicators May/2008 July/2009 Sep/2009 June/2010 Mar/11 Out/11 (15ac/month) (10ac/month) (10ac/month) (8ac/month) (10ac/month) (12ac/month) Number of positions 12 6 5 4 4 4 Cycle time (days) 18 12 10 8 8 7 Work in process (US$mi) 212 106 95 89 68 68Number of non-conformityper a/c 32 7 1,7 0 0 0 Over time (% of work 10 1,5 1,5 0,2 0 0 45 hours) Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    45. 45. P3E Results Kaizen - E-Jets Cycle Reduction Cost of Non Quality Reduction Lead Time (E-Jets) Cost of Non Quality 40% 44% 2005 2006 2007 2008 2009 2010 2011 2008 2009 201040% reduction on the production cycle 44% reduction on CNQ 46 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    46. 46. “Boa Idéia” Program Evolution Cost: US$ 18.9 mi Benefit: US$ 175.5 mi 47 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.
    47. 47. 48 Investor RelationsThis information is property of Embraer and cannot be used or reproduced without written permission.
    48. 48. Forward Looking StatementThis presentation includes forward-looking statements or statements about events orcircumstances which have not occurred. We have based these forward-looking statementslargely on our current expectations and projections about future events and financial trendsaffecting our business and our future financial performance. These forward-lookingstatements are subject to risks, uncertainties and assumptions, including, among other things:general economic, political and business conditions, both in Brazil and in our market. Thewords “believes,” “may,” “will,” “estimates,” “continues,” “anticipates,” “intends,” “expects” andsimilar words are intended to identify forward-looking statements. We undertake noobligations to update publicly or revise any forward-looking statements because of newinformation, future events or other factors. In light of these risks and uncertainties, theforward-looking events and circumstances discussed in this presentation might not occur. Ouractual results could differ substantially from those anticipated in our forward-lookingstatements. 49 Investor Relations This information is property of Embraer and cannot be used or reproduced without written permission.

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