Embraer reported its financial results for the first quarter of 2005. Key highlights included Republic Airways adding 16 firm and 34 optional EMBRAER 170 orders, delivery of Embraer's 900th ERJ 145 jet, and approval to acquire a 65% stake in OGMA, a European maintenance company. Net revenues were $763 million for Q1 2005, lower than the previous year's quarters. However, net income was $97 million, representing a 12.6% margin. Inventories increased to $1.57 billion and total debt was $1.04 billion, with an average cost of 5.3% in US dollars.
1) Embraer concluded its restructuring process and began listing on the Novo Mercado segment of the Brazilian stock exchange.
2) Embraer introduced the Lineage 1000, a new ultra-large business jet based on the EMBRAER 190 commercial jet platform.
3) Embraer delivered 40 jets in the second quarter, maintained a high gross margin of 28.2%, and reported a net income of US$139 million.
- Embraer delivered 36 jets in Q3 2006, down from 40 in the previous quarter.
- Net revenues were $894 million for Q3 2006, with a gross margin of 28.3%.
- Commercial aviation accounted for 67% of net revenues for the first nine months of 2006.
- Net income was $61 million in Q3 2006, with a net cash position of $507 million.
- Marshall Larsen, Chairman, President and CEO of Bear Stearns, spoke at the 11th Annual Commercial Aerospace and Defense Conference on March 2, 2004.
- His presentation included forward-looking statements about the company's plans, objectives and performance, noting that actual results could differ materially from expectations.
- Goodrich is one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history, recently repositioning as a focused aerospace supplier.
- Marshall Larsen is the Chairman, President and CEO of Goodrich Corporation and was speaking at an aviation finance conference on May 17, 2004.
- Goodrich is one of the largest worldwide aerospace suppliers with the broadest portfolio of products in the industry including proprietary, flight critical systems.
- In the first quarter of 2004, Goodrich's sales were balanced among military/space, commercial original equipment, and commercial aftermarket customers.
- Goodrich is one of the largest aerospace suppliers worldwide with over $4B in annual sales and a broad portfolio of products.
- In 2003, Goodrich saw 6% growth in cash flow from operations but sales were flat, with EPS of $0.93.
- For 2004, Goodrich expects low single-digit sales growth and EPS of $1.20-$1.35, driven by recovery in the commercial aerospace market and growth in military and regional jet sales.
2002* Segundo Encontro Anual Com Analistas E Investidores Mercado De Aviaçã...Embraer RI
The document provides an overview of Embraer's market forecast methodology and the business jet market outlook. It summarizes Embraer's approach to determining external and internal scenarios, evaluating third party forecasts, conducting customer research, and analyzing results to develop forecasts. Charts show projections for segments like super-midsize and large business jets, as well as Embraer's expected increase in market share over 2000-2010. Comparisons of Embraer and competitor aircraft focus on attributes like cabin size and range.
2005* Ubs 6th Annual Conference Embraer PresentationEmbraer RI
This document summarizes a presentation given at the UBS Sixth Annual CEOs Conference on March 8, 2005 in Rio de Janeiro. It discusses Embraer's product diversification over the decades from the 1970s to 2000s, including their regional jets. It also outlines Embraer's global presence and business diversification. Finally, it analyzes trends in the US airline industry like increased low-cost carriers and falling yields, and the performance of US major and regional airlines.
2004* 5o.Encontro Anual De Investidores Da Embraer Programa Embraer 170 190...Embraer RI
The document provides an overview of Embraer's E170/190 aircraft program. It discusses how the aircraft were designed to fill a gap in seat capacity between regional jets and narrowbody aircraft. The E170 can seat 70-78 passengers and the E190 can seat 98-106. The aircraft were developed using extensive customer input and a global partnership. They were designed for high passenger comfort, low operating costs, and to meet future environmental standards. The document reviews the aircraft's key characteristics such as interior noise levels, range, and systems commonality within the family.
1) Embraer concluded its restructuring process and began listing on the Novo Mercado segment of the Brazilian stock exchange.
2) Embraer introduced the Lineage 1000, a new ultra-large business jet based on the EMBRAER 190 commercial jet platform.
3) Embraer delivered 40 jets in the second quarter, maintained a high gross margin of 28.2%, and reported a net income of US$139 million.
- Embraer delivered 36 jets in Q3 2006, down from 40 in the previous quarter.
- Net revenues were $894 million for Q3 2006, with a gross margin of 28.3%.
- Commercial aviation accounted for 67% of net revenues for the first nine months of 2006.
- Net income was $61 million in Q3 2006, with a net cash position of $507 million.
- Marshall Larsen, Chairman, President and CEO of Bear Stearns, spoke at the 11th Annual Commercial Aerospace and Defense Conference on March 2, 2004.
- His presentation included forward-looking statements about the company's plans, objectives and performance, noting that actual results could differ materially from expectations.
- Goodrich is one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history, recently repositioning as a focused aerospace supplier.
- Marshall Larsen is the Chairman, President and CEO of Goodrich Corporation and was speaking at an aviation finance conference on May 17, 2004.
- Goodrich is one of the largest worldwide aerospace suppliers with the broadest portfolio of products in the industry including proprietary, flight critical systems.
- In the first quarter of 2004, Goodrich's sales were balanced among military/space, commercial original equipment, and commercial aftermarket customers.
- Goodrich is one of the largest aerospace suppliers worldwide with over $4B in annual sales and a broad portfolio of products.
- In 2003, Goodrich saw 6% growth in cash flow from operations but sales were flat, with EPS of $0.93.
- For 2004, Goodrich expects low single-digit sales growth and EPS of $1.20-$1.35, driven by recovery in the commercial aerospace market and growth in military and regional jet sales.
2002* Segundo Encontro Anual Com Analistas E Investidores Mercado De Aviaçã...Embraer RI
The document provides an overview of Embraer's market forecast methodology and the business jet market outlook. It summarizes Embraer's approach to determining external and internal scenarios, evaluating third party forecasts, conducting customer research, and analyzing results to develop forecasts. Charts show projections for segments like super-midsize and large business jets, as well as Embraer's expected increase in market share over 2000-2010. Comparisons of Embraer and competitor aircraft focus on attributes like cabin size and range.
2005* Ubs 6th Annual Conference Embraer PresentationEmbraer RI
This document summarizes a presentation given at the UBS Sixth Annual CEOs Conference on March 8, 2005 in Rio de Janeiro. It discusses Embraer's product diversification over the decades from the 1970s to 2000s, including their regional jets. It also outlines Embraer's global presence and business diversification. Finally, it analyzes trends in the US airline industry like increased low-cost carriers and falling yields, and the performance of US major and regional airlines.
2004* 5o.Encontro Anual De Investidores Da Embraer Programa Embraer 170 190...Embraer RI
The document provides an overview of Embraer's E170/190 aircraft program. It discusses how the aircraft were designed to fill a gap in seat capacity between regional jets and narrowbody aircraft. The E170 can seat 70-78 passengers and the E190 can seat 98-106. The aircraft were developed using extensive customer input and a global partnership. They were designed for high passenger comfort, low operating costs, and to meet future environmental standards. The document reviews the aircraft's key characteristics such as interior noise levels, range, and systems commonality within the family.
2002 - Second Annual Analyst & Investors Meeting Corporate Market Trend &...Embraer RI
The document provides an overview of Embraer's market forecast methodology and the business jet market outlook. It summarizes Embraer's approach to determining external and internal scenarios, evaluating third party forecasts, conducting customer research, and analyzing results to develop forecasts. Charts show projections for segments like super-midsize and large business jets, as well as projected market share for manufacturers like Embraer. Comparisons of Embraer aircraft specifications and other models are also included.
Embraer Day NY 2009 - Defense and Government PresentationEmbraer RI
This document provides an overview of Embraer's defense and government market activities from their 9th US Annual Analyst and Investor Meeting in April 2009. It discusses Embraer defense products and programs like the Super Tucano light combat aircraft, F-5 and AMX combat aircraft modernization programs, and EMB-145 AEW&C aircraft for India. It also outlines transport aircraft sales and services for governments and militaries globally. Finally, it mentions the KC-390 military transport aircraft and opportunities for Embraer from Brazil's F-X2 fighter replacement program.
- Embraer delivered 36 jets in the second quarter of 2007, bringing total deliveries for the first half of the year to 61 aircraft.
- While industrial costs remained high due to production inefficiencies, Embraer's backlog reached a record high of $15.6 billion and the Phenom family accumulated over 460 firm orders.
- Embraer signed important deals at the 2007 Paris Air Show including orders from Lufthansa, Japan Airlines, and BRA Transportes Aéreos.
“This whole week the markets have been falling, and this was going to happen anyway. The markets had rallied without fundamentals and were running on excess liquidity,” said SMC Capitals equity head Jagannadham Thunuguntla.
“The budget was the trigger for the fall. In the absence of major policy announcements, the markets just plummeted,” added Thunuguntla.
This document summarizes research on the effects of labeling students as "learning disabled" from 1970 to 2000. Four main themes emerged from synthesizing 34 relevant studies:
1) The learning disabled label can negatively impact teachers' expectations, attitudes, and stereotypes of students. Lower expectations may lead to reduced effort and achievement.
2) Students labeled as learning disabled may experience stigmatization, rejection, and social isolation from both teachers and peers. They report being treated differently and facing embarrassment.
3) There is some inconsistency in how the label influences actions versus attitudes. While the label may negatively shape views, it does not always clearly impact behaviors toward students.
4) The influence of the learning disabled label depends
- Regional airline markets in the US and Europe are forecast to continue growing, driven by increasing passenger demand for regional travel.
- Regional jets are replacing turboprops as they allow airlines to operate longer routes more profitably and efficiently.
- Embraer is anticipating future market needs by developing new regional jet models like the ERJ 170 and ERJ 190-200 that will have longer ranges and more seats to meet evolving airline network strategies.
- Strong economic growth is expected in major markets like the US, Canada, Western Europe and China, which will support increased demand for regional air travel and aircraft over the next decade.
Financial and corporate governance embraer day 2006Embraer RI
This document discusses Embraer's capital reorganization and corporate governance improvements. Some key points:
- Embraer conducted a capital reorganization to finance expansion programs through equity markets, create acquisition currency, and improve market perception, liquidity, and governance.
- Its largest shareholders are pension funds and Brazil's development bank BNDES. It has American Depositary Shares listed on the NYSE.
- Governance improvements include an independent audit committee, disclosure policies, and adopting both Brazilian and US accounting standards.
- It manages risks through its leasing subsidiary ECC Leasing and monitoring the residual values of its aircraft.
- Embraer finances sales through a variety of sources including Brazil's development bank BN
2008* Embraer Day ApresentaçãO Do Mercado De Defesa E GovernoEmbraer RI
This document discusses Embraer's defense and government market business. It outlines Embraer's low-risk business model for defense programs and highlights several recent contract wins and program updates. These include Super Tucano sales to Colombia, Chile, and Ecuador; modernization programs for Brazil's F-5 and AMX fleets; an Indian AEW&C contract; and new government transport sales in Thailand and Ecuador. The document emphasizes Embraer's focus on cost-effective intelligence, surveillance, reconnaissance, and transport solutions.
Utpl Computacion Basica Ventajas Y Desventajas De SlidesharePaulina
Este documento resume las ventajas y desventajas del uso de SlideShare para compartir presentaciones. Las principales ventajas son que permite dar conferencias sin necesidad de cargar la presentación en un computador, es más fácil compartir presentaciones con otros, y permite enviar archivos grandes. Las principales desventajas son que las presentaciones en SlideShare son un formato limitado sin explicaciones, no se pueden combinar sonido e imágenes, y a veces hay incompatibilidad de formatos.
2002* Segundo Encontro Anual Com Analistas E Investidores Nova Lei Das S.A.Embraer RI
The document summarizes key changes from Brazil's new corporate governance law including:
1) Stricter tag-along rights that require acquirers to make a tender offer for minority shares at 80% of the controlling block price.
2) Greater rights for minority shareholders including representation on the board of directors and veto power over auditors.
3) Definition of new crimes related to securities markets such as insider trading and market manipulation.
4) Increased autonomy and responsibilities for the Brazilian Securities Commission (CVM).
5) New regulations and instructions from CVM to implement changes around disclosure requirements, tender offers, and futures exchanges.
This document summarizes Embraer's defense business in 2009 and 2010:
1) In 2009, Embraer had important contracts with the Brazilian Ministry of Defense, delivered 100 Super Tucanos to the Brazilian Air Force, and saw $1.6 billion in sales and $499 million in revenues.
2) As of March 2010, Embraer had delivered 121 of the 178 ordered Super Tucanos to customers like the Brazilian, Colombian, Chilean, Dominican, and Ecuadorian air forces.
3) Embraer offers the Super Tucano, EMB 145 AEW&C, EMB 145 AGS, EMB 145 MP, and various executive jets as solutions for
- Embraer announced its first quarter 2005 results recorded in accordance with US GAAP.
- Net sales in the first quarter of 2005 were $763.3 million, a 21.9% increase over the same period last year.
- Net income for the first quarter was $96.5 million, a 6.6% decrease from the first quarter of 2004.
1) Firm backlog increased to $10.6 billion from $9 billion in 2002. Net income was $136 million with $2.1 billion in sales.
2) The EMBRAER 170 received provisional type certification. Air Canada signed for 45 EMBRAER 190 aircraft.
3) Production cycle decreased to 3.4 months from 4.9 months in 1999. Embraer expects to deliver 160 aircraft in 2004 and 170 in 2005.
Embraer has a diverse shareholder base with its shares traded on the Bovespa and NYSE. It aims to have good corporate governance with transparency, accountability and responsibility. Its board of directors has 11 members including government and employee representatives. It has overhauled its capital structure and accounting practices to increase flexibility and comply with new standards. It provides regular financial reports and forecasts continued growth in jet deliveries and revenues.
07 30 2009 I Second Quarter Results 2009 In UsgaapEmbraer RI
The document summarizes Embraer's financial results for the second quarter of 2009. It shows that Embraer delivered 56 jets in Q2 2009, with net revenue of $1.457 billion and net income of $134 million. It also provides details on Embraer's order backlog, debt levels, inventories and other financial details. Embraer's jet deliveries and financial results improved in Q2 2009 compared to Q1 2009.
Embraer achieved record production of regional jets, delivering 34 models in the quarter. This led to gross sales of over R$1 billion and net income growth over 500%. Key contracts with American and European airlines expanded orders for Embraer's regional jet models. Research and development made progress on new aircraft, while market share and profitability grew substantially in the commercial aviation and defense sectors.
The presentation provided an overview of the executive aviation market and Embraer's product portfolio and strategy. Key points included:
- The executive aviation market is expected to see strong growth over the next 10 years, driven by economic and demographic factors. Demand is shifting to non-traditional markets.
- Embraer's product portfolio spans light jets to ultra-large aircraft. New models like the Phenom 100 and 300 are expanding into the very light jet segment.
- Embraer is focusing on innovative product and service solutions to become a major player in the business aviation market by 2015. This includes expanding infrastructure and a global customer support network.
Paris Air Show - Corporativo e Relações com InvestidoresEmbraer RI
The document is a presentation by the Executive Vice President and CFO of Embraer summarizing the company's performance in the first quarter of 2007. It includes forward-looking statements and discusses Embraer's jet deliveries, revenues, margins, earnings, and net income for both the quarter and compared to previous years. Charts and graphs show trends in these financial metrics from 2002 to 2007.
2007* Paris Air Show Corporativo E RelaçõEs Com InvestidoresEmbraer RI
The document is a presentation by Embraer's Executive Vice President and CFO providing results and performance metrics for Embraer's 2007 Air Show. It includes quarterly and yearly data on key financial figures such as jet deliveries, revenues, gross margin, EBIT, EBITDA, net income, and margins. Forward-looking statements are also presented along with risks and uncertainties. Charts show trends over time for these various metrics.
Paris air show corporativo e relações com investidoresEmbraer RI
The document provides an overview of Embraer's financial performance in the first quarter of 2007. Some key points include:
- Jet deliveries increased to 25 in Q1 2007 from 27 in Q1 2006.
- Net revenues were $843 million in Q1 2007, down slightly from $1,084 billion in the same period of 2006.
- EBIT margin declined to 0.5% in Q1 2007 from 7% in Q1 2006 due to lower commercial jet deliveries.
- Backlog remained strong at $15 billion though down from $18.2 billion in Q4 2006.
- Embraer forecast jet deliveries to increase to 165-170 in 2007 and 195-
Paris Air Show - Corporate and Investor RelationsEmbraer RI
The document provides an overview of Embraer's financial performance in the first quarter of 2007. Some key points include:
- Jet deliveries increased to 25 in Q1 2007 from 27 in Q1 2006.
- Net revenues were $843 million in Q1 2007, down slightly from $1,084 billion in the same period of 2006.
- EBIT margin declined to 0.5% in Q1 2007 from 7% in Q1 2006 due to lower commercial jet deliveries.
- Net income was $26 million in Q1 2007 compared to $124 million in Q1 2006.
- The firm backlog remained strong at $15 billion as of the end of Q1 2007.
2007* Paris Air Show Corporativo E RelaçõEs Com InvestidoresEmbraer RI
The document is a presentation by the Executive Vice President and CFO of Embraer summarizing the company's performance in the first quarter of 2007. It includes forward-looking statements and discusses Embraer's jet deliveries, revenues, margins, earnings, and net income for both the quarter and compared to previous years. Charts and graphs show trends in these financial metrics from 2002 to 1Q07.
2002 - Second Annual Analyst & Investors Meeting Corporate Market Trend &...Embraer RI
The document provides an overview of Embraer's market forecast methodology and the business jet market outlook. It summarizes Embraer's approach to determining external and internal scenarios, evaluating third party forecasts, conducting customer research, and analyzing results to develop forecasts. Charts show projections for segments like super-midsize and large business jets, as well as projected market share for manufacturers like Embraer. Comparisons of Embraer aircraft specifications and other models are also included.
Embraer Day NY 2009 - Defense and Government PresentationEmbraer RI
This document provides an overview of Embraer's defense and government market activities from their 9th US Annual Analyst and Investor Meeting in April 2009. It discusses Embraer defense products and programs like the Super Tucano light combat aircraft, F-5 and AMX combat aircraft modernization programs, and EMB-145 AEW&C aircraft for India. It also outlines transport aircraft sales and services for governments and militaries globally. Finally, it mentions the KC-390 military transport aircraft and opportunities for Embraer from Brazil's F-X2 fighter replacement program.
- Embraer delivered 36 jets in the second quarter of 2007, bringing total deliveries for the first half of the year to 61 aircraft.
- While industrial costs remained high due to production inefficiencies, Embraer's backlog reached a record high of $15.6 billion and the Phenom family accumulated over 460 firm orders.
- Embraer signed important deals at the 2007 Paris Air Show including orders from Lufthansa, Japan Airlines, and BRA Transportes Aéreos.
“This whole week the markets have been falling, and this was going to happen anyway. The markets had rallied without fundamentals and were running on excess liquidity,” said SMC Capitals equity head Jagannadham Thunuguntla.
“The budget was the trigger for the fall. In the absence of major policy announcements, the markets just plummeted,” added Thunuguntla.
This document summarizes research on the effects of labeling students as "learning disabled" from 1970 to 2000. Four main themes emerged from synthesizing 34 relevant studies:
1) The learning disabled label can negatively impact teachers' expectations, attitudes, and stereotypes of students. Lower expectations may lead to reduced effort and achievement.
2) Students labeled as learning disabled may experience stigmatization, rejection, and social isolation from both teachers and peers. They report being treated differently and facing embarrassment.
3) There is some inconsistency in how the label influences actions versus attitudes. While the label may negatively shape views, it does not always clearly impact behaviors toward students.
4) The influence of the learning disabled label depends
- Regional airline markets in the US and Europe are forecast to continue growing, driven by increasing passenger demand for regional travel.
- Regional jets are replacing turboprops as they allow airlines to operate longer routes more profitably and efficiently.
- Embraer is anticipating future market needs by developing new regional jet models like the ERJ 170 and ERJ 190-200 that will have longer ranges and more seats to meet evolving airline network strategies.
- Strong economic growth is expected in major markets like the US, Canada, Western Europe and China, which will support increased demand for regional air travel and aircraft over the next decade.
Financial and corporate governance embraer day 2006Embraer RI
This document discusses Embraer's capital reorganization and corporate governance improvements. Some key points:
- Embraer conducted a capital reorganization to finance expansion programs through equity markets, create acquisition currency, and improve market perception, liquidity, and governance.
- Its largest shareholders are pension funds and Brazil's development bank BNDES. It has American Depositary Shares listed on the NYSE.
- Governance improvements include an independent audit committee, disclosure policies, and adopting both Brazilian and US accounting standards.
- It manages risks through its leasing subsidiary ECC Leasing and monitoring the residual values of its aircraft.
- Embraer finances sales through a variety of sources including Brazil's development bank BN
2008* Embraer Day ApresentaçãO Do Mercado De Defesa E GovernoEmbraer RI
This document discusses Embraer's defense and government market business. It outlines Embraer's low-risk business model for defense programs and highlights several recent contract wins and program updates. These include Super Tucano sales to Colombia, Chile, and Ecuador; modernization programs for Brazil's F-5 and AMX fleets; an Indian AEW&C contract; and new government transport sales in Thailand and Ecuador. The document emphasizes Embraer's focus on cost-effective intelligence, surveillance, reconnaissance, and transport solutions.
Utpl Computacion Basica Ventajas Y Desventajas De SlidesharePaulina
Este documento resume las ventajas y desventajas del uso de SlideShare para compartir presentaciones. Las principales ventajas son que permite dar conferencias sin necesidad de cargar la presentación en un computador, es más fácil compartir presentaciones con otros, y permite enviar archivos grandes. Las principales desventajas son que las presentaciones en SlideShare son un formato limitado sin explicaciones, no se pueden combinar sonido e imágenes, y a veces hay incompatibilidad de formatos.
2002* Segundo Encontro Anual Com Analistas E Investidores Nova Lei Das S.A.Embraer RI
The document summarizes key changes from Brazil's new corporate governance law including:
1) Stricter tag-along rights that require acquirers to make a tender offer for minority shares at 80% of the controlling block price.
2) Greater rights for minority shareholders including representation on the board of directors and veto power over auditors.
3) Definition of new crimes related to securities markets such as insider trading and market manipulation.
4) Increased autonomy and responsibilities for the Brazilian Securities Commission (CVM).
5) New regulations and instructions from CVM to implement changes around disclosure requirements, tender offers, and futures exchanges.
This document summarizes Embraer's defense business in 2009 and 2010:
1) In 2009, Embraer had important contracts with the Brazilian Ministry of Defense, delivered 100 Super Tucanos to the Brazilian Air Force, and saw $1.6 billion in sales and $499 million in revenues.
2) As of March 2010, Embraer had delivered 121 of the 178 ordered Super Tucanos to customers like the Brazilian, Colombian, Chilean, Dominican, and Ecuadorian air forces.
3) Embraer offers the Super Tucano, EMB 145 AEW&C, EMB 145 AGS, EMB 145 MP, and various executive jets as solutions for
- Embraer announced its first quarter 2005 results recorded in accordance with US GAAP.
- Net sales in the first quarter of 2005 were $763.3 million, a 21.9% increase over the same period last year.
- Net income for the first quarter was $96.5 million, a 6.6% decrease from the first quarter of 2004.
1) Firm backlog increased to $10.6 billion from $9 billion in 2002. Net income was $136 million with $2.1 billion in sales.
2) The EMBRAER 170 received provisional type certification. Air Canada signed for 45 EMBRAER 190 aircraft.
3) Production cycle decreased to 3.4 months from 4.9 months in 1999. Embraer expects to deliver 160 aircraft in 2004 and 170 in 2005.
Embraer has a diverse shareholder base with its shares traded on the Bovespa and NYSE. It aims to have good corporate governance with transparency, accountability and responsibility. Its board of directors has 11 members including government and employee representatives. It has overhauled its capital structure and accounting practices to increase flexibility and comply with new standards. It provides regular financial reports and forecasts continued growth in jet deliveries and revenues.
07 30 2009 I Second Quarter Results 2009 In UsgaapEmbraer RI
The document summarizes Embraer's financial results for the second quarter of 2009. It shows that Embraer delivered 56 jets in Q2 2009, with net revenue of $1.457 billion and net income of $134 million. It also provides details on Embraer's order backlog, debt levels, inventories and other financial details. Embraer's jet deliveries and financial results improved in Q2 2009 compared to Q1 2009.
Embraer achieved record production of regional jets, delivering 34 models in the quarter. This led to gross sales of over R$1 billion and net income growth over 500%. Key contracts with American and European airlines expanded orders for Embraer's regional jet models. Research and development made progress on new aircraft, while market share and profitability grew substantially in the commercial aviation and defense sectors.
The presentation provided an overview of the executive aviation market and Embraer's product portfolio and strategy. Key points included:
- The executive aviation market is expected to see strong growth over the next 10 years, driven by economic and demographic factors. Demand is shifting to non-traditional markets.
- Embraer's product portfolio spans light jets to ultra-large aircraft. New models like the Phenom 100 and 300 are expanding into the very light jet segment.
- Embraer is focusing on innovative product and service solutions to become a major player in the business aviation market by 2015. This includes expanding infrastructure and a global customer support network.
Paris Air Show - Corporativo e Relações com InvestidoresEmbraer RI
The document is a presentation by the Executive Vice President and CFO of Embraer summarizing the company's performance in the first quarter of 2007. It includes forward-looking statements and discusses Embraer's jet deliveries, revenues, margins, earnings, and net income for both the quarter and compared to previous years. Charts and graphs show trends in these financial metrics from 2002 to 2007.
2007* Paris Air Show Corporativo E RelaçõEs Com InvestidoresEmbraer RI
The document is a presentation by Embraer's Executive Vice President and CFO providing results and performance metrics for Embraer's 2007 Air Show. It includes quarterly and yearly data on key financial figures such as jet deliveries, revenues, gross margin, EBIT, EBITDA, net income, and margins. Forward-looking statements are also presented along with risks and uncertainties. Charts show trends over time for these various metrics.
Paris air show corporativo e relações com investidoresEmbraer RI
The document provides an overview of Embraer's financial performance in the first quarter of 2007. Some key points include:
- Jet deliveries increased to 25 in Q1 2007 from 27 in Q1 2006.
- Net revenues were $843 million in Q1 2007, down slightly from $1,084 billion in the same period of 2006.
- EBIT margin declined to 0.5% in Q1 2007 from 7% in Q1 2006 due to lower commercial jet deliveries.
- Backlog remained strong at $15 billion though down from $18.2 billion in Q4 2006.
- Embraer forecast jet deliveries to increase to 165-170 in 2007 and 195-
Paris Air Show - Corporate and Investor RelationsEmbraer RI
The document provides an overview of Embraer's financial performance in the first quarter of 2007. Some key points include:
- Jet deliveries increased to 25 in Q1 2007 from 27 in Q1 2006.
- Net revenues were $843 million in Q1 2007, down slightly from $1,084 billion in the same period of 2006.
- EBIT margin declined to 0.5% in Q1 2007 from 7% in Q1 2006 due to lower commercial jet deliveries.
- Net income was $26 million in Q1 2007 compared to $124 million in Q1 2006.
- The firm backlog remained strong at $15 billion as of the end of Q1 2007.
2007* Paris Air Show Corporativo E RelaçõEs Com InvestidoresEmbraer RI
The document is a presentation by the Executive Vice President and CFO of Embraer summarizing the company's performance in the first quarter of 2007. It includes forward-looking statements and discusses Embraer's jet deliveries, revenues, margins, earnings, and net income for both the quarter and compared to previous years. Charts and graphs show trends in these financial metrics from 2002 to 1Q07.
Embraer reported strong financial results for the third quarter of 2006. Key highlights include 137 new commercial aviation orders, over 300 new executive aviation orders, and the appointment of a new CEO. The company saw increased revenues, gross margins around 28%, and net income of US$61 million. Embraer also maintained a strong backlog of over US$14.9 billion and forecasted jet deliveries to increase to 160 aircraft in 2007.
2004 - Presentation Made In Canada With Canaccord CapitalEmbraer RI
The document is a presentation for analysts and investors given by Canada in March 2004. It includes forward-looking statements and discusses key trends in the airline industry like the growth of low-cost carriers and regional jets. It also provides a forecast for the commercial jet market between 2004-2023, predicting strong demand for 30-120 seat aircraft globally.
2005 - 5th Us Analyst Investors Meeting Commercial Airline MarketEmbraer RI
The document discusses key trends shaping the airline industry, including increased competition from low-cost carriers and regional airlines. It notes the industry is facing fundamental changes like a new type of passenger, greater focus on cost reduction, and clashes between different airline business models. Traffic volumes have been shifting from network carriers to low-cost and regional airlines. Yields have also been declining across the industry compared to 2000 levels.
This document provides an overview of Goodrich Corporation's presentation at the 2008 JPMorgan Aviation & Transportation Conference. It includes forward-looking statements and important risk factors. The presentation discusses Goodrich's portfolio attributes including proprietary products, participation in major commercial and military platforms, and a balanced business mix with over 45% of sales from aftermarket. Charts show Goodrich's sales breakdown, commercial airplane delivery forecasts, aircraft order backlogs, expected large commercial aircraft deliveries, Goodrich's content on the in-service fleet, and defense and space sales.
This document summarizes a presentation given by Scott Kuechle, Executive Vice President & CFO of Goodrich Corporation, at the JPMorgan Aviation & Transportation Conference in March 2008. The presentation outlines Goodrich's balanced portfolio of proprietary aerospace and defense products, with an emphasis on the growing commercial and military aftermarket segments. It also highlights Goodrich's leadership positions, consistent financial performance, and potential for sustained long-term growth in sales, earnings, and cash flow.
This document discusses Embraer's corporate and business strategy, order backlog, aircraft deliveries, net revenues, and revenue breakdown by segment and region. It aims to grow organically, enhance margins through productivity initiatives, diversify business and revenues, establish itself as Brazil's defense leader, and focus on product strategy, customer experience excellence and market share growth.
This document provides Embraer's earnings results for the fourth quarter and full year of 2014. It summarizes key financial highlights including commercial, executive, and defense aircraft deliveries and orders. It also provides Embraer's financial results for net revenues, expenses, EBITDA, net income, inventories, investments and cash flow. The presentation concludes with Embraer's outlook for 2015, forecasting net revenues of $6.1-6.6 billion, EBITDA of $730-860 million, and a 2015 consolidated outlook.
This document provides an earnings report and financial results for Embraer for the fourth quarter and full year of 2014. It summarizes key highlights including commercial, executive, and defense aircraft deliveries and orders. Financial results showed increased revenues, earnings, and backlog compared to previous periods. The outlook for 2015 indicates continued growth with increased expected deliveries and financial performance.
IR Institucional Presentation - March 2013Embraer RI
The document summarizes Embraer's commercial and defense businesses. On the commercial side, it discusses Embraer's E-Jet family of commercial aircraft and growing customer base. It also outlines Embraer's portfolio of executive jets and growth in the pre-owned market. For defense, it highlights Embraer's A-29 Super Tucano aircraft, KC-390 military transport program, and aircraft modernization projects. The document indicates growing markets and order backlogs for both commercial and defense products.
2005* ConferêNcia Santander Janeiro 2005 (DisponíVel Somente Em InglêS)Embraer RI
This presentation discusses the airline industry and Embraer's regional jets. It notes that the US airline industry is undergoing fundamental changes with decreasing average fares, capacity, and the increasing role of low-cost carriers and regional jets. Embraer is responding to market needs with its family of E-Jets that have high commonality. The presentation highlights the E-Jets' opportunities for new route development and turbo-prop substitution, as well as the fleet reliability and certification timelines.
- Goodrich is one of the largest aerospace suppliers worldwide with over 20,000 employees and 130+ years of operating history.
- In 2003, Goodrich saw sales of $4.4 billion and expects low single-digit growth in 2004, with earnings per share of $1.20-$1.35.
- Key initiatives include continuing debt reduction, investing in new programs, and achieving synergies from acquisitions.
This document provides an overview of Embraer's corporate and business strategy, financial performance, commercial and executive jet portfolios and market outlook. The key points are:
- Organic growth, margin enhancement, business diversification and product strategy are priorities.
- Firm order backlog was $22.1 billion in 3Q15 with planned commercial jet deliveries of 95-100 E-Jets.
- Net revenues for 2015 are forecasted between $5.8-6.3 billion.
- The E-Jets family dominates the 70-130 seat market with over 1,600 orders and Embraer aims to establish the E2 as the most efficient aircraft in its class.
This document discusses Embraer's corporate and business strategy, including organic growth, margin enhancement, business diversification, and establishing itself as Brazil's defense leader. It outlines strategies for product diversification and expansion, customer experience excellence, and market share growth. Charts show increasing order backlog, jet deliveries, revenues, and breakdown of revenues by segment and region from 2011-2014.
- Goodrich is one of the largest aerospace suppliers worldwide with over 20,000 employees and 130+ years of operating history.
- In 2003, Goodrich achieved $553M in cash flow from operations and $4.4B in sales, with EPS of $0.85.
- For 2004, Goodrich expects low single-digit sales growth and EPS between $1.20-$1.35, driven by a recovering global economy and stable military market, while commercial OE remains flat.
- Goodrich is one of the largest aerospace suppliers worldwide with over 20,000 employees and 130+ years of operating history.
- In 2003, Goodrich achieved $553M in cash flow from operations and $4.4B in sales, with EPS of $0.85.
- For 2004, Goodrich expects low single-digit sales growth and EPS between $1.20-$1.35, driven by a recovering global economy and stable military market, while commercial OE remains flat.
This document provides a summary of Embraer's corporate and business strategy, product strategy, financial performance, and market outlook. The key points are:
1) Embraer's strategy focuses on organic growth, margin enhancement, business diversification, and establishing itself as Brazil's defense leader.
2) In 2015, Embraer's order backlog was $22.5 billion, with 95-100 E-Jet deliveries expected.
3) Embraer forecasts 6,350 new 70-130 seat jet deliveries globally between 2015-2034 worth $300 billion.
5.0 embraer day ny march2016 defense r.15Embraer RI
This document provides an overview of Embraer's Defense & Security Aviation division, including highlights from 2015 and information on major programs. It discusses the KC-390 flight test campaign progress, financial results, key defense programs like the Gripen NG and Brazilian satellite, and international exposure through contracts in countries like the UK. The document outlines revenue, backlog, impacts from currency fluctuations, and expansion of service and support activities. It presents Embraer as offering an integrated portfolio of solutions including aircraft, satellites, radar, and mission systems.
4.0 embraer day br 2016 commercial aviation rev7Embraer RI
This document provides an overview and highlights of Embraer, a Brazilian aerospace company, and its E-Jets aircraft family. Some key points:
- Embraer had record backlog and deliveries in 2015 and received 176 new orders. The E2 series is in development.
- Financial results have been strong with rising revenues and deliveries between 2009-2015.
- The E-Jets have captured over half of the market share and outsold competitors, with over 1,200 delivered to 70 airlines in 50 countries.
- The E2 series is expected to provide fuel burn reductions of 16-24% per seat compared to previous models.
Embraer provides an overview of its executive jet business. It has experienced healthy business growth with a CAGR of 21% from 2002-2015. It now has a global footprint with over 975 jets delivered to over 60 countries. The document discusses Embraer's product portfolio and the market for executive jets, forecasting strong future growth in the small and medium jet segments. It highlights key achievements and models in Embraer's line-up, including high delivery and sales numbers for the Phenom 100E, Phenom 300, Legacy 450/500, and Lineage 1000E.
The document outlines the agenda for Embraer Day 2016 in Brazil, including presentations on 2015 results and 2016 guidance, commercial and executive aviation, defense and security, and Q&A sessions. Presenters include the Director of Investor Relations, President & CEO, Executive Vice President & CFO, and presidents of the commercial aviation, executive jets, and defense and security divisions. A cocktail reception follows from 5-7pm at the hotel.
This document provides an earnings results presentation for Embraer for 4Q15 and FY2015. It summarizes key financial highlights including a backlog of $22.5 billion, free cash flow generation of $178 million, and net revenues of $5.93 billion. It also outlines deliveries, financial results, segment performance, expenses, cash flow, debt profile, and the 2016 outlook with projected net revenues of $6-6.4 billion and EBITDA of $800-870 million.
The document provides an overview of Embraer's defense and security division, including its products and programs. Key points discussed include the KC-390 transport aircraft program, sales of the Super Tucano aircraft, and efforts to adjust programs in response to budget cuts from the Brazilian government. The document outlines Embraer's focus on finalizing KC-390 development, improving efficiency, boosting international sales, and adapting to the Brazilian budget situation.
This document provides an overview of the business jet market and Embraer's position within it. It discusses factors influencing the market recovery, including corporate profits, wealth levels, and used aircraft prices. Forecasts indicate slow but steady growth over the next decade. Embraer aims to strengthen its presence in light and midsize categories with new models and upgrades. Services are expanding with a new service center in São Paulo.
This document provides an overview of Embraer's corporate and business strategy, financial performance, product portfolio, and market outlook. Key points include organic growth and margin enhancement through new product lines; diversifying revenues and expanding customer base; improving market share and margins through product focus and customer support. Charts show growing order backlog, revenues, and aircraft deliveries as well as market forecasts through 2034 for 70-130 seat aircraft demand.
5 embraer day 2015 vae bf-final_v2_sc_siteEmbraer RI
This document summarizes Embraer's comprehensive product portfolio and strong growth over the past decade. Some key points include:
- Embraer has experienced 20% compound annual growth rate (CAGR) since 2002 and has grown its market share from 2.7% to 16.5% for executive aviation deliveries.
- It has a global footprint with over 70 service centers worldwide supporting more than 900 aircraft in 60 countries.
- Embraer consistently ranks highly in worldwide customer support and satisfaction surveys.
This document provides an overview of Embraer's corporate and business strategy, financial performance, commercial jet programs, and market outlook. Key points include growing revenues through new product launches like the E2 family, expanding the customer base globally, and forecasting strong demand in the commercial and executive jet markets with over 9,000 jet deliveries projected from 2015-2024.
This document contains Embraer's earnings results for the 3rd quarter of 2015. It highlights strong order backlog and aircraft deliveries. Net revenues increased compared to the same period last year. Income from operations and EBITDA margins were in line with expectations. However, net income was negative due to currency fluctuations. Research, development and capital expenditures remained on track with annual targets.
This document summarizes Embraer's business growth and global expansion over the past decade. Some key points include:
- Embraer has experienced 20% compound annual growth rate (CAGR) since 2002, increasing its market share of deliveries from 2.7% to 16.5%.
- It has a global footprint with 74 service centers worldwide and over 900 jets in service across 60 countries.
- Embraer has consistently ranked highly in worldwide customer support and satisfaction surveys.
2015 10 8 emb day - commercial rev-finalEmbraer RI
This document summarizes information about Embraer's commercial aviation business in 2015. It notes that Embraer delivered 122 commercial jets in 2015, had firm orders of 165 aircraft for the year, and expects deliveries of 95-100 and revenues of $3.2-$3.4 billion for 2015. It also provides an overview of Embraer's E-Jets family and the in-development E2 series, which is expected to provide fuel burn reductions of 16-24% per seat compared to current E-Jets models.
- Embraer Defense and Security achieved several accomplishments in recent years including sales of the Super Tucano to the US Air Force and progress on the KC-390 program.
- In 2015, Embraer faced new challenges including a 50% depreciation of the Brazilian real which reduced projected revenue by $1.1-1.25 billion and impacted programs.
- Embraer's main focuses moving forward are finalizing KC-390 development, improving operational efficiency, increasing international sales, and adjusting programs to the Brazilian government's budget.
This document contains Embraer's earnings results for the 3rd quarter of 2015. It highlights strong order backlog and aircraft deliveries. Net revenues increased compared to the same period last year. Income from operations and EBITDA margins were in line with expectations. However, net income was negative due to currency fluctuations. Research, development and capital expenditures remained on track with annual targets.
- Embraer delivered 122 commercial jets in 2015 and has a record backlog of 530 aircraft.
- Revenues in 2015 were between $3.2-3.4 billion, meeting guidance.
- The E-Jets E2 program is on schedule with 640 commitments so far and the E-Jets have a 60% market share in the 70-130 seat segment.
- The E-Jets E2 are expected to have 24% lower fuel burn per seat and 25% lower maintenance costs per seat compared to current E-Jets.
This document provides Embraer's earnings results for the 2nd quarter of 2015. It summarizes key highlights including record backlog, positive free cash flow, and net income. The outlook for 2015 is also revised with increased guidance for net revenues, EBITDA, and EBIT. Overall the document presents Embraer's financial performance and outlook in a favorable light with continued growth.
This document provides an overview of Embraer's corporate and business strategy, including:
- Organic growth, margin enhancement, business diversification, and organic growth through acquisitions.
- Establishing Embraer as the defense house of Brazil and focusing on product strategy, customer base expansion and excellence in customer experience.
- Details on Embraer's commercial jet portfolio, order backlog, revenues, and outlook for 2015 aircraft deliveries.
- Information on the E-Jets family and new E2 models in development.
This document provides Embraer's earnings results for the 2nd quarter of 2015. It highlights record backlog and free cash flow. Key metrics like operating income, net income, and earnings per share all increased over the prior year. The outlook for full year 2015 was revised with increases to expected revenues, EBITDA, EBIT, and net income. Aircraft deliveries remained strong with growth in commercial, executive, and defense segments.
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.
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
3. 1Q05 Highlights
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
4. Highlights
Republic Airways Holdings added 16 firm and 34
option EMBRAER 170s to its order book. Of the 16
new firm aircraft, two were already accounted for in
Embraer’s fourth-quarter 2004 order book.
Harbin Embraer announced on March 24, 2005 the
sale of five ERJ 145s to China Eastern Airlines
Jiangsu Ltd.
Embraer delivered its 900th jet of the ERJ 145 family
to European customer Luxair.
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
5. Highlights
Embraer signed in February a Memorandum Of
Understanding with the Indian Defense, Research and
Development Organisation to support the Indian Air
Force new Airborne Early Warning & Control system
development
The consortium formed by Embraer and the
European Aeronautic Defense and Space Company
(EADS) received approval to acquire 65% of OGMA -
Indústria Aeronáutica de Portugal S.A., one of the
largest maintenance, repair and overhaul facilities in
Europe
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
6. Results &
Performance
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
7. Jet Deliveries
43 42
40
30
23
1Q04 2Q04 3Q04 4Q04 1Q05
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
8. Net Revenues and Gross Margin
US$ million
37.6%
33.2% 35.1%
32.6%
32.3%
924 937 954
763
626
1Q04 2Q04 3Q04 4Q04 1Q05
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
9. Net Revenue by Segment and Market
1Q04 1Q05
Customer Customer
Sevices and Services &
Others 8% Others 10%
Business Jet
Market4%
Defense Defense
21% 10%
Commercial
Airline Market
71%
Commercial
Airline Market
76%
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
10. Income from Operations
US$ Million
24.4%
16.3%
13.6% 14.9%
13.3%
153 142
123 127 125
1Q04 2Q04 3Q04 4Q04 1Q05
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
11. Net Income
US$ Million
16.5%
12.1% 12.6%
8.7% 8.7%
114
103 97
80 83
1Q04 2Q04 3Q04 4Q04 1T05
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
12. Accounts Receivable Breakdown
US$ Million
607
514 529
271 315
194 189 250
157 157
1Q04 2Q04 3Q04 4Q04 1T05
Others Commercial Airline Market
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
13. Inventories
US$ Million
1,570
1,390 1,428
1,273 1,247
1Q04 2Q04 3Q04 4Q04 1Q05
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
14. Indebtedness
Total Debt of US$ 1,037.7 Million
Brazilian
Currency Short Term
2% Long Term 22%
78%
Foreign
Currency
98%
• Average cost in R$ = 14.8 %p/a
• Average cost in US$ = 5.3% p/a Long-Term Loan Average Maturity:
3 years and 3 months
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
15. Indebtedness Maturity
US$ million
1,037
232
101
312
191
156 45
Total Short Term 2006 2007 2008 2009 Beyond
2010
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
16. Net Cash (Debt) Position
US$ Million
304
220
178
22
-166
1Q04 2Q04 3Q04 4Q04 1Q05
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
17. Backlog and
Delivery Forecast
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
18. ERJ 145 Family Orderbook
Firm
Firms Options Total Deliveries
Backlog
ERJ 135 123 2 125 108 15
ERJ 140 94 20 114 74 20
ERJ 145 681 211 892 634 47
Total 898 233 1,131 816 82
(as of 1st quarter, 2005)
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
19. EMBRAER 170/190 Family Orderbook
Firm
Firms Options Total Deliveries
Backlog
EMBRAER 170 172 137 309 56 116
EMBRAER 175 15 - 15 - 15
EMBRAER 190 155 230 385 - 155
EMBRAER 195 15 20 35 - 15
Total 357 387 744 56 301
(as of 1st quarter, 2005)
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
20. Backlog
US$ Billion
17.7 17.8 18.5
17.5
15.0
10.9 10.5 11.0 10.1 9.9
1Q04 2Q04 3Q04 4Q04 1Q05
Firm Options
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT
21. Jet Deliveries Forecast
160 161
148 145 145
131
96 101
59
32
4
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005E 2006E
THE INFORMATION CONTAINED HEREIN IS PROPERTY OF EMBRAER AND SHALL NOT BE COPIED OR DISSEMINATED WITHOUT EMBRAER’S WRITTEN CONSENT