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.
Company Highlights 2009
In 2009, Embraer completed 40 years of existence with more than
5 thousand aircraft produced and operating in 78 countries.
Effective restructuring preserving Company’s operational, economical and financial solidness.
All operational targets achieved. Solid net cash position of US$ 500 million.
Successful US$ 500 million, ten-year bond issued at attractive rates.
20% reduction of SG&A. Significant inventory reduction of US$ 0.5 billion.
Reduction in Capex but preserving strategic investments.
Fifth consecutive year listed in the
BM&FBOVESPA Sustainability Index (ISE).
Company Highlights 2009
Embraer’s market share in the bizjet market increased from 3%
to 14% (deliveries) and 4% to 6.5% (revenues).
Phenom 300 was certified on schedule (December 2009),
meeting or surpassing all of its performance goals.
Successful ramp up of Phenom 100 and Lineage 1000.
First flight of Legacy 650.
Financing secured for all
commercial jet deliveries.
Landmark development contract for KC390 aircraft.
Solid progress of P3E and technological development.
Net Revenue (US GAAP)
US$ Million Del ance
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Commercial aviation: some hope on the horizon, but structural concerns still.
Business aviation: some indicators showing positive trend.
Embraer growing its market share.
Defense business resilient.
Embraer benefiting from Brazil’s growth / global insertion.
Company’s operations, productivity, quality and employee moral in good
shape and improving – P3E in full force.
Investments in technological development producing concrete results and
paving the future.
Embraer with increasingly solid strategic positioning.
Readiness to leverage results when markets rebound.
Net revenues - US$ 5.0 billion
• Commercial aviation: US$ 2.6 billion
• Executive aviation: US$ 1.1 billion
• Defense: US$ 650 million
• Services and others: US$ 650 million
EBIT - US$ 300 million
EBIT margin - 6.0%
Other Relevant Estimates
2010 projected deliveries
• 90 commercial jets
• 137 business jets
• 17 Legacy / Lineage
• 120 Phenom
EBITDA - US$ 375 million
EBITDA margin - 7,5%
Investments - Budget US$ 300 million
• R&D: US$ 160 million
• PP&E: US$ 140 million