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Embraer 3 q15_results_final

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Embraer 3 q15_results_final

  1. 1. This information is property of Embraer and can not be used or reproduced without written permission. 3rd QUARTER 2015 EARNINGS RESULTS OCTOBER 27, 2015
  2. 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. 3. This information is property of Embraer and can not be used or reproduced without written permission.3 HIGHLIGHTS LISTED FOR THE 6TH CONSECUTIVE YEAR ON THE DOW JONES SUSTAINABILITY INDEX. RECEIVED MAGNA CUM LAUDE RECOGNITION FROM THE NATIONAL QUALITY FOUNDATION (“BRAZILIAN MALCOLM BALDRIGE QUALITY AWARD”). AWARDED AND RECOGNIZED BY RENOWNED PUBLICATIONS AND INSTITUTIONS AS ONE OF THE BEST COMPANIES IN BRAZIL AND ABROAD.
  4. 4. This information is property of Embraer and can not be used or reproduced without written permission.4 DELIVERY OF 21 E-JETS (68 YTD) AND 20 FIRM ORDERS (146 YTD) IN 3Q15. SKYWEST ORDER FOR 18 E175 (FLY FOR UNITED AIRLINES). UNDISCLOSED ORDER FOR 2 E190. SKYWEST ORDER FOR 19 E175 (FLY FOR DELTA AIRLINES) ANNOUNCED IN OCT 2015. BOOK-TO-BILL ABOVE 2 TIMES OVER THE FIRST NINE MONTHS OF 2015. INITIATED FINAL ASSEMBLY OF THE FIRST E190-E2 PROTOTYPE. HIGHLIGHTS
  5. 5. This information is property of Embraer and can not be used or reproduced without written permission.5 HIGHLIGHTS DELIVERY OF 30 EXECUTIVE JETS (21 LIGHT AND 9 LARGE) IN 3Q15 (57 AND 18 YTD). DELIVERY OF THE 300TH PHENOM 300 GLOBALLY. LEGACY 500 CERTIFIED BY THE MEXICAN AND CHINESE AUTHORITIES. LEGACY 450 CERTIFIED IN BRAZIL (ANAC), USA (FAA) AND EUROPE (EASA). FIRST PLACE IN THE GLOBAL EXECUTIVE JETS INDUSTRY RANKING (ANNUAL SURVEY PUBLISHED BY PROFESSIONAL PILOT MAGAZINE).
  6. 6. This information is property of Embraer and can not be used or reproduced without written permission.6 HIGHLIGHTS CONTRACT OF THE F-39 GRIPEN PROGRAM BECAME EFFECTIVE. RESUMPTION OF KC-390 FLIGHT TEST CAMPAIGN. DELIVERY OF TWO A-29 SUPER TUCANOS TO THE USAF IN 3Q15. DELIVERY OF 12 A-29 SUPER TUCANOS TO THE USAF TO DATE.
  7. 7. This information is property of Embraer and can not be used or reproduced without written permission. FINANCIAL RESULTS
  8. 8. This information is property of Embraer and can not be used or reproduced without written permission. FIRM ORDER BACKLOG 22.1 20.9 20.4 22.9 22.8 3Q14 4Q14 1Q15 2Q15 3Q15 8 US$ BILLION
  9. 9. This information is property of Embraer and can not be used or reproduced without written permission. 14 2 7 9 15 38 10 26 21 3Q14 4Q14 1Q15 2Q15 3Q15 19 30 20 27 21 3Q14 4Q14 1Q15 2Q15 3Q15 AIRCRAFT DELIVERIES 9 57YTD: 18 LARGE JETS - LEGACY & LINEAGE LIGHT JETS - PHENOM YTD: 68 95 - 100 E-JETS 35 - 40 EXECUTIVE LARGE JETS 80 - 90 EXECUTIVE LIGHT JETS 2015 OUTLOOK:
  10. 10. This information is property of Embraer and can not be used or reproduced without written permission. 346 359 213 216 182 3Q14 4Q14 1Q15 2Q15 3Q15 213 690 167 404 402 3Q14 4Q14 1Q15 2Q15 3Q15 661 975 662 883 688 3Q14 4Q14 1Q15 2Q15 3Q15 1,240 2,045 1,056 1,513 1,285 3Q14 4Q14 1Q15 2Q15 3Q15 NET REVENUES BY SEGMENT OUTLOOK: US$ 1.70 – 1.85 BILLION OUTLOOK: US$ 0.80 – 0.95 BILLION OUTLOOK: US$ 3.20 – 3.40 BILLIONOUTLOOK: US$ 5.80 – 6.30 BILLION 10 YTD: 3.85 BILLION YTD: 2.23 BILLION YTD: 0.97 BILLION YTD: 0.61 BILLION
  11. 11. This information is property of Embraer and can not be used or reproduced without written permission. US$ MILLION R$ MILLION 11 NET REVENUES - CONSOLIDATED 2015 OUTLOOK: US$ 5.8 – 6.3 BILLION 2,827 5,251 3,068 4,661 4,577 3Q14 4Q14 1Q15 2Q15 3Q15 1,240 2,046 1,056 1,513 1,285 3Q14 4Q14 1Q15 2Q15 3Q15 YTD: 12,307YTD: 3,854
  12. 12. This information is property of Embraer and can not be used or reproduced without written permission. 226 289 248 308 278 118 141 124 143 152 3Q14 4Q14 1Q15 2Q15 3Q15 430 372 451 344 430 SELLING EXPENSESG&A EXPENSES 12 SG&A EXPENSES US$ MILLION R$ MILLION 99 113 86 100 78 52 55 43 47 43 3Q14 4Q14 1Q15 2Q15 3Q15 151 168 121 147 129 YTD: 1,253YTD: 397
  13. 13. This information is property of Embraer and can not be used or reproduced without written permission. 157 515 229 316 307 5.6% 9.8% 7.5% 6.8% 6.7% 3Q14 4Q14 1Q15 2Q15 3Q15 68 196 80 102 84 5.5% 9.6% 7.5% 6.8% 6.6% 3Q14 4Q14 1Q15 2Q15 3Q15 13 INCOME FROM OPERATIONS (EBIT) 2015 OUTLOOK: US$ 490 – 560 MILLION | 8.5% – 9.0% US$ MILLION R$ MILLION EBIT EBIT MARGIN YTD: 852 | 6.9%YTD: 266 | 6.9%
  14. 14. This information is property of Embraer and can not be used or reproduced without written permission. 136 281 149 178 158 11.0% 13.8% 14.1% 11.7% 12.3% 3Q14 4Q14 1Q15 2Q15 3Q15 14 EBITDA 2015 OUTLOOK: US$ 730 – 860 MILLION | 12.6% – 13.6% US$ MILLION R$ MILLION EBITDA EBITDA MARGIN 311 732 429 548 570 11.0% 13.9% 14.0% 11.8% 12.5% 3Q14 4Q14 1Q15 2Q15 3Q15 YTD: 1,547 | 12.6%YTD: 485 | 12.6%
  15. 15. This information is property of Embraer and can not be used or reproduced without written permission.15 NET INCOME US$ MILLION R$ MILLION NET MARGINNET INCOME (24) 242 (196) 400 (388) -0.9% 4.6% -6.4% 8.6% -8.5% 3Q14 4Q14 1Q15 2Q15 3Q15 (11) 91 (62) 129 (110) -0.9% 4.5% -5.8% 8.5% -8.5% 3Q14 4Q14 1Q15 2Q15 3Q15 YTD: (184)| -1.5%YTD: (43) | -1.1% BRL VERSUS USD -28%+3%-21%-8%-11%
  16. 16. This information is property of Embraer and can not be used or reproduced without written permission. 3Q14 4Q14 1Q15 2Q15 3Q15 2015 YTD NET CASH GENERATED (USED) BY OPERATING ACTIVITIES* 49 507 (291) 245 70 24 NET ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (89) (87) (57) (74) (76) (207) ADDITIONS TO INTANGIBLE ASSETS (97) (132) (91) (98) (110) (298) FREE CASH FLOW (138) 288 (440) 73 (115) (482) 49 507 (291) 245 70 (89) (87) (57) (74) (76) (97) (132) (91) (98) (110) (138) 288 (440) 73 (115) 3Q14 4Q14 1Q15 2Q15 3Q15 16 FREE CASH FLOW * Net of Financial assets adjustment 2015 OUTLOOK: FCF > (US$ 100) MILLION YTD: (482)US$ MILLION
  17. 17. This information is property of Embraer and can not be used or reproduced without written permission. 2015 OUTLOOK: US$ 650 MILLION 27 164 143 50 300 300 RESEARCH DEVELOPMENT CAPEX 2015 OUTLOOK2015 YTD 17 INVESTMENTS YTD: 334US$ MILLION
  18. 18. This information is property of Embraer and can not be used or reproduced without written permission. 96% 96% 89% 90% 91% 4% 4% 11% 10% 9% 5.6 5.4 5.3 6.5 6.5 3Q14 4Q14 1Q15 2Q15 3Q15 INDEBTEDNESS MATURITY NET DEBT - US$ MILLION LONG-TERM SHORT-TERM LOANS AVERAGE MATURITY (YEARS) 18 INDEBTEDNESS PROFILE | NET DEBT TOTAL DEBT 3Q15: US$ 3.39 BILLION TOTAL CASH 3Q15: US$ 2.75 BILLION (280) (39) (535) (465) (644) 3Q14 4Q14 1Q15 2Q15 3Q15
  19. 19. 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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