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Third Quarter 2009
     Results
     October 30, 2009
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.
Summary


•   Embraer Achieved 40- year milestone on August 19th.

•   Embraer delivered first E-Jet to Mozambique’s Lam, British
    Airways and Lufthansa Cityline.

•   Embraer delivered 600th E-Jet produced to Lot Polish Airlines,
    five years after the first delivery for this model.

•   First EMBRAER 190 jet was delivered to the Brazilian
    Government.

•   Embraer was awarded Brazilian most transparent company in
    2009.

•   Embraer offered US$ 500 million in a serie of notes.
Results &
Performance
Jet Deliveries




                  59                     56          57
        48       (57 + 2)              (41 + 15)   (35 + 22)
                              40
                            (34 + 6)




       3Q08      4Q08        1Q09       2Q09       3Q09
Net Revenue

US$ Million


                Net Revenue                      Gross Margin



                                                          21.7%
     4.517                              21.4%
              3.857


                                                20.2%

                                                                  18.8%
                        1.546   1.246


     9M08     9M09      3Q08    3Q09    9M08    9M09      3Q08    3Q09
SG&A Expenses

US$ Million




              57.6
                            62.9

                                                      47.4         51.6
                                         36.9


              101.8
                            91.7
                                         65.8         74.2         72.9




              3Q08          4Q08         1Q09        2Q09          3Q09
                      Selling Expenses      General and Adm. Expenses
Income from Operations

US$ Million

                                                     Operating Margin
              Income from Operations


                                                      7.0%
                                                                6.5%
                 270
                                                                        5.5%
      262                                     5.8%




                             101
                                        68


     9M08        9M09        3Q08      3Q09   9M08    9M09      3Q08    3Q09
Net Income Attributable to Embraer

US$ Million


               Net Income                      Net Margin




      277
                                     6.1%
                                                                   4.6%

                                                            3.7%


                                            2.6%
              102
                        58     58


     9M08     9M09     3Q08   3Q09   9M08   9M09        3Q08       3Q09
Accounts Receivable and Customer
 Financing

 US$ Million



TOTAL          963                982                  1015               1029




                      430                477                  481                474
        444                 430                  470                490
                89                 75                  64                 65


               4Q08               1Q09                 2Q09               3Q09
               Accounts Receivable         CCF         A/C Leasing/Remarketing
Inventories

US$ Million




                              3,064
              2,925   2,837           2,875
                                              2,723




              3Q 08   4Q 08   1Q 09   2Q 09   3Q 09
Indebtedness

                                     Total Debt: US$ 2,009 Million
                                Loans Average Maturity (3Q09): 2.6 years
                                Loans Average Maturity (2Q09): 2.1 years
                         2Q09                                              3Q09




                 Long
                                          Short                                   Short-
                 T erm
                                          T erm               Long-                term
                 51%
                                           49%                 term                47%
                                                               53%




                                                     2Q09                            3Q09
Average Cost in Brazilian Currency (R$)           7.99% p/a                       7.80% p/a
Average Cost in Foreign Currency (US$)            4.95% p/a                       3.88% p/a
Net Cash (Debt)

US$ Million




              376




                     122           71
                            52

              4Q08   1Q09   2Q09   3Q09
Backlog
EMBRAER 170/190 Family Order Book




                                                                       Firm
                  Firm Orders   Options   Total   Deliveries
                                                                     Backlog
    EMBRAER 170      194          96      290        164                30
    EMBRAER 175      135         173      308        123                12
    EMBRAER 190      436         447      883        251               185
    EMBRAER 195      112          76      188        44                 68
       Total         877         792      1669       582               295
                                                               (as per 3nd Quarter, 2009)
Order Backlog

US$ Billion




              20.9
                     19.7   19.8
                                   18.6




              4Q08   1Q09   2Q09   3Q09
Investor Relations
 Phone: +55 12 3927 4404
investor.relations@embraer.com.br
     www.embraer.com

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Apresentação Results 3 Q 2009 Us Final

  • 1. Third Quarter 2009 Results October 30, 2009
  • 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. Summary • Embraer Achieved 40- year milestone on August 19th. • Embraer delivered first E-Jet to Mozambique’s Lam, British Airways and Lufthansa Cityline. • Embraer delivered 600th E-Jet produced to Lot Polish Airlines, five years after the first delivery for this model. • First EMBRAER 190 jet was delivered to the Brazilian Government. • Embraer was awarded Brazilian most transparent company in 2009. • Embraer offered US$ 500 million in a serie of notes.
  • 5. Jet Deliveries 59 56 57 48 (57 + 2) (41 + 15) (35 + 22) 40 (34 + 6) 3Q08 4Q08 1Q09 2Q09 3Q09
  • 6. Net Revenue US$ Million Net Revenue Gross Margin 21.7% 4.517 21.4% 3.857 20.2% 18.8% 1.546 1.246 9M08 9M09 3Q08 3Q09 9M08 9M09 3Q08 3Q09
  • 7. SG&A Expenses US$ Million 57.6 62.9 47.4 51.6 36.9 101.8 91.7 65.8 74.2 72.9 3Q08 4Q08 1Q09 2Q09 3Q09 Selling Expenses General and Adm. Expenses
  • 8. Income from Operations US$ Million Operating Margin Income from Operations 7.0% 6.5% 270 5.5% 262 5.8% 101 68 9M08 9M09 3Q08 3Q09 9M08 9M09 3Q08 3Q09
  • 9. Net Income Attributable to Embraer US$ Million Net Income Net Margin 277 6.1% 4.6% 3.7% 2.6% 102 58 58 9M08 9M09 3Q08 3Q09 9M08 9M09 3Q08 3Q09
  • 10. Accounts Receivable and Customer Financing US$ Million TOTAL 963 982 1015 1029 430 477 481 474 444 430 470 490 89 75 64 65 4Q08 1Q09 2Q09 3Q09 Accounts Receivable CCF A/C Leasing/Remarketing
  • 11. Inventories US$ Million 3,064 2,925 2,837 2,875 2,723 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09
  • 12. Indebtedness Total Debt: US$ 2,009 Million Loans Average Maturity (3Q09): 2.6 years Loans Average Maturity (2Q09): 2.1 years 2Q09 3Q09 Long Short Short- T erm T erm Long- term 51% 49% term 47% 53% 2Q09 3Q09 Average Cost in Brazilian Currency (R$) 7.99% p/a 7.80% p/a Average Cost in Foreign Currency (US$) 4.95% p/a 3.88% p/a
  • 13. Net Cash (Debt) US$ Million 376 122 71 52 4Q08 1Q09 2Q09 3Q09
  • 15. EMBRAER 170/190 Family Order Book Firm Firm Orders Options Total Deliveries Backlog EMBRAER 170 194 96 290 164 30 EMBRAER 175 135 173 308 123 12 EMBRAER 190 436 447 883 251 185 EMBRAER 195 112 76 188 44 68 Total 877 792 1669 582 295 (as per 3nd Quarter, 2009)
  • 16. Order Backlog US$ Billion 20.9 19.7 19.8 18.6 4Q08 1Q09 2Q09 3Q09
  • 17. Investor Relations Phone: +55 12 3927 4404 investor.relations@embraer.com.br www.embraer.com