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Executive Aviation

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Executive Aviation

  1. 1. Embraer Day Executive Aviation Overview Luís Carlos Affonso Embraer Executive Vice-President, Executive Jets São José dos Campos – March 19th, 2010
  2. 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.
  3. 3. World GDP growth rates Real GDP growth rate, YoY% 5 Global Insight – Jan10 IMF – Jan10 4 World 3 2 The Economist – Dec09 The Economist – Jun09 Growth Rate % 1 0 1998 2000 2002 2004 2006 2008 2010 2012 -1 -2 -3 Source 2009 2010 2011 2012 2013 -4 The Economist – Mar09 -1,9% 1,3% 2,6% 3,0% 3,2% World Real IMF – Jan10 -2.1% 3.0% 3.4% 4.1% 4.1% GDP growth The Economist – Jun9 -3.1% 1.3% 2.4% 2.8% 3.0% The Economist – Dec09 -2,4% 2,5% 2,4% 2,8% 3.0% Global Insight – Jan10 -2.0% 2.9% 3.3% 3.9% 3.7% Source: The Economist, Global Insight , IMF – January 2010
  4. 4. Stock markets Global Stock Markets return % in the last 24-months RTS (Russia) SSE Composite (China) IBOVESPA (Brazil) S&P500 (US) FTSE100 (UK) Fall higher than 10% Source: Yahoo Finance, February 2nd, 2010
  5. 5. Monthly flights (000) Ja n' 0 50 0 100 150 200 250 300 A 4 pr '0 Ju 4 l' 0 O 4 ct '0 Ja 4 n' 0 A 5 pr '0 Eurocontrol Ju 5 % Eurocontrol l' 0 O 5 ct '0 Ja 5 n' 0 A 6 FAA pr '0 % FAA Business Jets Traffic Ju 6 l' 0 O 6 ct '0 Ja 6 n' 0 A 7 pr '0 Ju 7 l' 0 O 7 ct '0 Ja 7 n' 0 A 8 pr '0 Ju 8 l' 0 O 8 ct '0 Ja 8 n' 0 A 9 pr '0 Ju 9 l' 0 O 9 ct '0 Ja 9 n' EU +8.5% Jan’10 y/y FAA +10.9% 10 0% 10% 20% 30% -40% -30% -20% -10% Source: FAA, Eurocontrol – February 2010 Growth yoy %
  6. 6. Used market: inventory Business Jets For Sale 2008: increase of 1,100 units 2009: decrease of 33 units 2010 YTD Feb: decrease of 88 units 3500 28% % % for sale (per total fleet operation) for sale (per total fleet in in operation) a/c 6 to 10 years old 15.8% 3000 2716 jets 24% a/c older than 10 yrs a/c uo to 5 years old Feb 10 % of active fleet 2500 20% Delivery positions 2000 16% Units 1500 12% 1000 8% 500 4% 0 0% 99 00 01 02 03 04 05 06 07 08 09 10 Source: Embraer analysis – February 2010
  7. 7. 2010-2019 Market Forecast
  8. 8. Executive Aviation Which is the primary reason to use a business jet ? Make connections with Others scheduled airlines flights 9% 1% Industrial or personal security Support schedules not 6% met with scheduled airlines 64% Reach locations scheduled airlines do not serve 19% Fonte: Harris Interactive, Inc., NBAA, GAMA - outubro 15, 2009
  9. 9. 2010-19 Market Forecast – World Deliveries New Jets Deliveries Values (2009 US$ Bi) 2010-2019 Historic deliveries Forecast 25 2009 US$ Billion 20 15 10 5 0 2004 2006 2008 2010 2012 2014 2016 2018 More than 10,000 jets US$ 190 billion over the next 10 years Source: Embraer, 2009 B&CA list prices – October 2009
  10. 10. 2010-19 Market Forecast Industry revenues 200 US$ 190 Bi US$ Billion (E.C. 2009) 160 (10,000+ jets) 120 US$ 155 Bi (8,000 jets) 80 40 0 2000-2009 2010-2019 Historical Forecast Source: GAMA reports and Embraer analysis – March 2010
  11. 11. Vision To become a major player in the Business Aviation Market by 2015 through innovative and differentiating product and service solutions with added value to our customers and shareholders.
  12. 12. Embraer Product Portfolio Ultra-large Ultra-Long Range Large Super Mid-Size Mid-size Mid-light Light Entry illustrative purposes only
  13. 13. Phenom 100® Phenom 100 Number of seats 6 – 8 (Seats, Occupants) Range* 1,178 nm 2,150 km Maximum Cruise Speed 390 ktas 722 km/h Certified on MMO Mach 0.70 schedule with all Maximum Operational Altitude 41,000 ft 12,500 m targets achieved or exceeded * NBAA IFR (35 min) Reserves + 100 nm alternate; 4 occupants @ 200 lb (91 kg) * Basic configuration
  14. 14. Phenom 100® - Certified Performance Data Summary FAA Certified Initial estimates Phenom 100 Range with IFR(1) reserves 1,160 nm 1,178 nm MMO 0.70 0.70 Maximum Ceiling 41,000 ft 41,000 ft High Speed Cruise 380 kt 390 kt Landing Distance(2) 3,000 ft 2,699 ft Enhanced Takeoff Distance (3) N/A 3,125 ft Standard Takeoff Distance (3) 3,400 ft 3,400 ft Engine Thrust 1,615 lb 1,695 lb Block Fuel for 1,000 nm 1,960 lb 1,889 lb (1) NBAA IFR reserves (35 min) with 33 EPNdB below 100 nm alternate; 4 occupants @ External noise Stage IV Stage IV 200 lb each (2) MLW, SL, ISA Main baggage compartment 45 ft3 55 ft3 (3) MTOW, SL, ISA All targets achieved or exceeded
  15. 15. Phenom 100®
  16. 16. Phenom 300® Phenom 300 Number of seats 8 – 10 (Seats, Occupants) Range* 1,971 nm 3,650 km Maximum Cruise Speed 453 ktas 839 km/h Certified on MMO Mach 0.78 schedule with all Maximum Operational Altitude 45,000 ft 13,700 m targets achieved or exceeded * NBAA IFR (35 min) Reserves + 100 nm alternate; 6 occupants @ 200 lb (91 kg) * Basic configuration 16
  17. 17. Phenom 300® - Certified Performance Data Summary ANAC Certified Initial estimates Phenom 300 Range with IFR(1) reserves 1,800 nm 1,971 nm MMO 0.78 0.78 Maximum Ceiling 45,000 ft 45,000 ft High Speed Cruise 450 kt 453 kt Landing Distance(2) 2,950 ft 2,621 ft Takeoff Distance (3) 3,700 ft 3,138 ft Engine Thrust 3,200 lb 3,360 lb Block Fuel for 1,000 nm 2,564 lb 2,403 lb (1) NBAA IFR reserves (35 min) with 24 EPNdB below External noise Stage IV 100 nm alternate; 6 occupants @ Stage IV 200 lb each (2) MLW, SL, ISA External baggage compartment 71 ft3 74 ft3 (3) MTOW, SL, ISA All targets achieved or exceeded
  18. 18. Phenom 300® 18
  19. 19. The World Discovers the Phenom Jets Phenom Jets – over 600 firm orders in 44 countries (March 2010)
  20. 20. Legacy 450 Preliminary data Legacy 450 Number of occupants 7 – 9 passengers + 2 crew Range* 2,300nm 4,260km Maximum Cruise Speed 470ktas 870 km/h MMO Mach 0.83 Maximum Operational Altitude 45,000ft 13,700m * Range @ M 0.80, 2 pilots + 4 pax (200lb), NBAA IFR res. 20
  21. 21. Legacy 450 illustrative purposes only 21
  22. 22. Legacy 500 Preliminary data Legacy 500 Number of occupants 8 – 12 passengers + 2 crew Range* 3,000nm 5,560km Maximum Cruise Speed 470ktas 870 km/h MMO Mach 0.83 Maximum Operational Altitude 45,000ft 13,700m * Range @ LRC, 2 pilots + 4 pax (200lb), NBAA IFR res, 200nm alt airport 22
  23. 23. Legacy 500 Conceitos preliminares 23
  24. 24. Legacy 600® Legacy 600 Number of seats 13 – 14 (Seats, Occupants)+3 crew Range* 3,400 nm 6,297 km Maximum Cruise Speed 459 ktas 850 km/h MMO Mach 0.80 Maximum Operational Altitude 41,000 ft 12,500 m * NBAA Reserves (4 pax, 0.74 M, ISA)
  25. 25. Legacy 600®
  26. 26. Legacy 650® Preliminary data Legacy 650 Number of seats 13 – 14 (Seats, Occupants) + 3 crew Range* 3,900 nm 7,223 km Maximum Cruise Speed 459 ktas 850 km/h MMO Mach 0.80 Maximum Operational Altitude 41,000 ft 12,500 m * NBAA Reserves (4 pax, 0.74 M, ISA) 26
  27. 27. Legacy 650® 27
  28. 28. Lineage 1000® Lineage 1000 Number of seats 13 – 19 (Seats, Occupants)+3 crew Range* 4,400 nm 8,149 km Certified on Maximum Cruise Speed 470 ktas 870 km/h schedule with all MMO Mach 0.82 targets achieved or Maximum Operational Altitude 41,000 ft 12,500 m exceeded * NBAA IFR (35 min) Reserves + 200 nm alternate; 8 passengers @ 200 lb 28
  29. 29. Lineage 1000® Certified Performance Data Summary FAA Certified Initial estimates Lineage 1000 Range (8 passengers)* 4,200 nm 4,400 nm Range (4 passengers)* N/A 4,500 nm MMO 0.82 0.82 Maximum Ceiling 41,000 ft 41,000 ft High Speed Cruise 470 kt 470 kt Landing Distance(2) 2,675 ft 2,675 ft Takeoff Distance (3) 6,660 ft 6,135 ft (1) NBAA IFR reserves (35 min) with 200 nm alternate; Engine Thrust 18,500 lb each 18,500 lb each passengers @ 200 lb each (2) MLW, SL, ISA Block Fuel for 3,000 nm 29,326 lb 27,644 lb (3) MTOW, SL, ISA Surpassing expectations
  30. 30. Lineage 1000® 30
  31. 31. Customer Support & Services
  32. 32. Customer Support Solution Service Centers Network - global coverage 6 Embraer wholly-owned service centers; Authorized service centers network expansion Logistics and Parts Support Embraer Distribution Centers and third-party Logistics. Field and Product Support Maintenance Tracking and Planning Service 24/7 - Contact Center Training Programs Phenom Jets: Embraer & CAE Joint Venture - ECTS Phenom Jets Training Centers in USA and in Europe
  33. 33. Service Centers Network Embraer Service Center Contracted Authorized Network Presence in 38 locations
  34. 34. Embraer Contact Center Complete and timely assistance to executive jet customers
  35. 35. 2009 Performance and 2010 Guidance
  36. 36. 2009 Performance - Revenue share (US$) Revenue (US$ - based on B&CA list prices) $10.2bi $13.2bi $16.6bi $19.3bi $22.2bi $17.2 bi 2% 5% 8% 6% 5% 6% % OEM Share – Total Revenues US$ 10% 8% 8% 10% 8% 8% 2,7% 4,6% 4,1% 6,4% 3,4% 3,8% Others 26% 23% 23% 24% 21% 22% Hawker-Beech Embraer 17% 11% 11% 12% 12% 18% Gulfstream 15% 18% 18% 19% 19% Dassault 13% Cessna 29% Bombardier 27% 29% 28% 28% 28% 2004 2005 2006 2007 2008 2009 Source: GAMA reports – Embraer analysis – Feb/10
  37. 37. 2009 Performance - Deliveries share (units) Units 582 749 885 1,040 1,154 870 1% 2% 3% 2% 1% 2% 20% 16% 16% 14% 11% 19% % OEM Share – Total units 3,1% 3,5% 3,3% 2,2% 2,7% 14,0% Others 13% 13% 14% 13% 12% 6% 11% Hawker-Beech 7% 7% 7% 11% 9% Embraer Gulfstream 33% 35% 37% 40% 31% 33% Dassault Cessna Bombardier 22% 25% 24% 22% 21% 20% 2004 2005 2006 2007 2008 2009 Source: GAMA reports – Embraer analysis – Feb/10
  38. 38. 2009 Performance Revenue (US$) 2008 2009 Bombardier Cessna Dassault Gulfstream Hawker Others Embraer Remark: Revenue is based on B&CA list prices except for Embraer Source: GAMA reports – Embraer analysis – Feb/10
  39. 39. 2009 Performance Units 466 2008 2009 289 247 173 156 160 122 94 98 72 77 38 15 17 Bombardier Cessna Dassault Gulfstream Hawker Others Embraer Source: GAMA reports – Embraer analysis – Feb/10
  40. 40. Guidance 2010 – Executive Jets 2010 2010 units 120 units 17 Revenue: US$ 1.1 billion
  41. 41. 2010 Performance – Deliveries (units) Embraer Executive Jets 137 115 36 2008 2009 Embraer 2010 Source: GAMA reports – Embraer analysis – Feb/10
  42. 42. 2010 Performance – Deliveries (US$ billion) Embraer Executive Jets 1,1 0,87 0,9 2008 2009 Embraer 2010 Source: GAMA reports – Embraer analysis – Feb/10
  43. 43. THANK YOU ! Thank You! All images are for illustration purpose only and may not represent the real and final product accurately.Some features are optional items not included in the baseline aircraft and are subject to price increase and lead-time analysis.The information contained herein is subject to the disclaimer presented in the last page of this document/presentation.This presentation is the property of Embraer-Empresa Brasileira de Aeronáutica S.A.("Embraer") and shall not be copied, in whole or in part, or used in any manner, except with Embraer´s prior written consent.
  44. 44. This presentation is the property of Embraer - Empresa Brasileira de Aeronáutica S.A. ("Embraer") and shall not be copied, in whole or in part, or used in any manner, except with Embraer´s prior written consent. Embraer reserves the right to revise this document whenever occasioned by product improvements, governmental regulations or other good cause. All images: figures, finishing materials and colors are for illustration purpose only, and may not represent the real and final product accurately. Some features are optional items not included in the baseline aircraft and are subject to price increase and lead-time analysis. All data presented shall not be used as guarantee. Guaranteed specifications are listed in the technical description and represent the only binding guarantee. In the event of any conflict between this presentation and the technical description, the technical description shall govern.

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