Job Position
EARNINGS RESULTS
2nd QUARTER 2013
July 26, 2013
Forward-Looking Statements
This presentation may contain forward-looking statements, projections and estimates regarding circumstances or
events yet to take place, including, but not limited to, those statements relating to guidance. These forward-looking
statements are based largely on current expectations, forecasts of future events and industry and financial trends
that affect Embraer’s businesses. These statements are subject to risks, uncertainties and assumptions that include,
among others: general economic, political and trade conditions, both in Brazil and in those markets where Embraer
does business; management’s expectations and estimates concerning the company’s future financial performance;
plans and objectives of our management; financing plans and programs, and the effects of competition; industry
trends and growth opportunities; inflation and fluctuations in exchange rates; the company’s investment plans;
Embraer’s operating efficiencies and synergies and its capacity to develop and deliver products on the dates
previously agreed upon; results of operation; business strategies; benefits of new technologies and existing and
future governmental regulations. To obtain further information on factors that may lead to results different from
those forecast by Embraer, please consult the reports Embraer files with the U.S. Securities and Exchange Commission
(SEC) and the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under
“Forward-Looking Statements” and “Risk Factors” in Embraer’s annual report on Form 20−F. The words “believe”,
“may”, “will”, “estimate”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are intended to identify
forward-looking statements. Embraer does not undertake any obligation to publish updates or to revise any forward-
looking statements due to new information, future events or any other factors. In view of the inherent risks and
uncertainties, such estimates, events and circumstances may not occur. The actual results and performance of
Embraer could therefore differ substantially from those anticipated in Embraer's forward-looking statements.
2
• Embraer launches the E-Jets E2 Program
during the Paris Air Show in June.
Embraer awards and recognitions:
• “Company of the Year” by the Brazilian magazine Exame;
• “One of the best companies to work for in Latin America”
by Great Place to Work;
• “National Innovation Award” by the Brazilian National
Industry Conference.
3
Corporate Highlights
• Standard & Poor’s upgraded Embraer’s credit
rating to “BBB” from “BBB-”.
• Delivery of 22 E-Jets in 2Q13 reaching 947 total deliveries since EIS.
4
Highlights
• Air Costa (India) and JAL (Japan)
disclosed their firm orders for five E-Jets .
• Embraer signed a firm order for seven E190s with Venezuela’s Conviasa.
• SkyWest signed a firm order for 40 E175 jets
plus 60 reconfirmable and another 100 options.
• E-Jets E2 Program reached 100 firm orders plus 100
options from SkyWest, 50 firm orders plus 50
options from ILFC and LOIs for another 65 aircraft.
• United Airlines ordered 30 E175 jets
with options for an additional 40.
• Delivery of the 400th Phenom jet and first Phenom 300 sold to China.
• Embraer’s Melbourne, FL facility received FAA certification to assemble the Phenom 300.
• Delivery of 29 executive jets in 2Q13 (23 light jets and 6 large jets).
• NetJets received its first Phenom 300, entitled “Signature
SeriesTM”, of a contract that may reach up to 125 aircraft.
5
Highlights
• Lineage 1000 reached 10,000 flown hours.
• Legacy 500 completed 45% of its test campaign
with more than 450 flight hours with 3 prototypes.
• Phenom 100 & 300 awarded as the “Best of the Best” by
Robb Report magazine for the third consecutive year.
• Embraer and Boeing signed a partnership to market
and sell the KC-390 in certain markets.
6
Highlights
• Brazilian Air Force signed a contract for logistical support
and services for 92 A-29 Super Tucano aircraft.
• Visiona advanced in the Geostationary Defense and
Strategic Communication Satellite program with the
short list of the satellite supplier.
• Savis completed the selection of the main suppliers for
Sisfron (Brazilian Integrated Border Monitoring System).
3
1611 8
23
2 4 6
17
37
2Q12 3Q12 4Q12 1Q13 2Q13
35
27
23
17
22
2Q12 3Q12 4Q12 1Q13 2Q13
Aircraft Deliveries
Large Jets - Legacy & Lineage
Light Jets - Phenom
Commercial Jets Executive Jets
7
2013 deliveries estimates
• 90 - 95 commercial jets
• 25 - 30 executive large jets
• 80 - 90 executive light jets
12.9 12.4 12.5 13.3
17.1
2Q12 3Q12 4Q12 1Q13 2Q13
US$ Billion
8
Firm Order Backlog
309264 257 297 252
2Q12 3Q12 4Q12 1Q13 2Q13
860
1,176
956 864
640
2Q12 3Q12 4Q12 1Q13 2Q13
370
261
167
712
175
2Q12 3Q12 4Q12 1Q13 2Q13
1,5571,715
1,402
1,898
1,086
2Q12 3Q12 4Q12 1Q13 2Q13
Net Revenues by Segment – 2013 Outlook
9
Commercial Aviation: US$ 3.20 – 3.35 Billion
Executive Aviation: US$ 1.40 – 1.60 Billion Defense & Security: US$ 1.25 – 1.35 Billion
EMBRAER: US$ 5.90 – 6.40 Billion
2013 YTD: 2,643 2013 YTD: 1,500
2013 YTD: 545 2013 YTD: 561
Net Revenues
10
2013 YTD: 2,643 2013 YTD: 5,397
US$ Million R$ Million
3,380
2,845
3,913
2,157
3,240
2Q12 3Q12 4Q12 1Q13 2Q13
1,715
1,402
1,898
1,086
1,557
2Q12 3Q12 4Q12 1Q13 2Q13
2013 Outlook: US$ 5.9 – 6.4 Billion
118 111
143
108
75
59
75
53
121
54
2Q12 3Q12 4Q12 1Q13 2Q13
233 224
295
215
147
120
154
106
250
111
2Q12 3Q12 4Q12 1Q13 2Q13
11
SG&A Expenses
344
449
170
218
161
193
321
380
Selling ExpensesG&A Expenses
175 361
US$ Million R$ Million
2013 YTD: 336 2013 YTD: 682
Income from Operations
EBIT EBIT Margin
12
2013 YTD: 175 / 6.6% 2013 YTD: 365 / 6.8%
US$ Million R$ Million
EBIT: US$ 530 – 610 Million
EBIT Margin: 9.0% – 9.5%
2013 Outlook:
205
469
79
390
285
11.5%
7.2%
12.0%
3.7%
8.8%
2Q12 3Q12 4Q12 1Q13 2Q13
101
228
40
197
135
11.5%
7.2%
12.0%
3.6%
8.7%
2Q12 3Q12 4Q12 1Q13 2Q13
EBITDA
EBITDA EBITDA Margin
13
US$ Million R$ Million
2013 YTD: 304 / 11.5% 2013 YTD: 628 / 11.6%
EBITDA: US$ 770 – 900 Million
EBITDA Margin: 13.0% – 14.0%
2013 Outlook:
265
168
310
100
204
15.5%
12.0%
16.3%
9.2%
13.1%
2Q12 3Q12 4Q12 1Q13 2Q13
524
340
638
201
427
15.5%
12.0%
16.3%
9.3%
13.2%
2Q12 3Q12 4Q12 1Q13 2Q13
5.9%
92
5.9%
192
Adjusted Net Income, excluding Deferred Income Taxes
Net Margin
Net Income
Net Income
14
2013 YTD: 25 / 0.9% 2013 YTD: 52 / 1.0%
US$ Million
124 133
254
62
(10)
3.7%
4.6%
6.5%
2.9%
-0.3%
2Q12 3Q12 4Q12 1Q13 2Q13
55
65
123
30
(5)
3.2%
4.7%
6.5%
2.8%
-0.3%
2Q12 3Q12 4Q12 1Q13 2Q13
2,530 2,585
2,157
2,510 2,523
2Q12 3Q12 4Q12 1Q13 2Q13
Inventories
15
US$ Million
(50)
(163)
(50)
157
(30)
439
(83)
186
(75)
(125)(55) (58)
(75)
(68) (60)
27
(138)
202
(201)
2
2Q12 3Q12 4Q12 1Q13 2Q13
Free Cash Flow
16
2013 YTD: (199)US$ Million
* Net of Financial assets adjustment
Net cash generated (used) by operating activities* 157 (30) 439 (83) 186 103
Additions to property, plant and equipment (75) (50) (163) (50) (125) (175)
Additions to intangible assets (55) (58) (75) (68) (60) (127)
Free Cash Flow 27 (138) 202 (201) 2 (199)
2Q13 YTD132Q12 3Q12 4Q12 1Q13
127 118
100
300
180
52
RESEARCH DEVELOPMENT CAPEX
2013 Outlook: US$ 580 Million
Investments
2013 Outlook2013 YTD
US$ Million
17
2013 YTD: 297
Indebtedness Profile / Net Cash
Long-term Short-term
Loans Average Maturity (Years)
Indebtedness Maturity Net Cash – US$ Million
18
US$ 2.22 BillionTotal Debt 2Q13 Total Cash 2Q13 US$ 2.28 Billion
84% 85%
22% 17%
78% 83%
94%
16% 15%
6%
6.1 6.0
5.8
5.1 5.4
2Q12 3Q12 4Q12 1Q13 2Q13
290
123
309
98
58
2Q12 3Q12 4Q12 1Q13 2Q13
Investor Relations
Phone: +55 12 3927 4404
investor.relations@embraer.com.br
www.embraer.com

Conference Call 2Q13

  • 1.
    Job Position EARNINGS RESULTS 2ndQUARTER 2013 July 26, 2013
  • 2.
    Forward-Looking Statements This presentationmay contain forward-looking statements, projections and estimates regarding circumstances or events yet to take place, including, but not limited to, those statements relating to guidance. These forward-looking statements are based largely on current expectations, forecasts of future events and industry and financial trends that affect Embraer’s businesses. These statements are subject to risks, uncertainties and assumptions that include, among others: general economic, political and trade conditions, both in Brazil and in those markets where Embraer does business; management’s expectations and estimates concerning the company’s future financial performance; plans and objectives of our management; financing plans and programs, and the effects of competition; industry trends and growth opportunities; inflation and fluctuations in exchange rates; the company’s investment plans; Embraer’s operating efficiencies and synergies and its capacity to develop and deliver products on the dates previously agreed upon; results of operation; business strategies; benefits of new technologies and existing and future governmental regulations. To obtain further information on factors that may lead to results different from those forecast by Embraer, please consult the reports Embraer files with the U.S. Securities and Exchange Commission (SEC) and the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Embraer’s annual report on Form 20−F. The words “believe”, “may”, “will”, “estimate”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are intended to identify forward-looking statements. Embraer does not undertake any obligation to publish updates or to revise any forward- looking statements due to new information, future events or any other factors. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not occur. The actual results and performance of Embraer could therefore differ substantially from those anticipated in Embraer's forward-looking statements. 2
  • 3.
    • Embraer launchesthe E-Jets E2 Program during the Paris Air Show in June. Embraer awards and recognitions: • “Company of the Year” by the Brazilian magazine Exame; • “One of the best companies to work for in Latin America” by Great Place to Work; • “National Innovation Award” by the Brazilian National Industry Conference. 3 Corporate Highlights • Standard & Poor’s upgraded Embraer’s credit rating to “BBB” from “BBB-”.
  • 4.
    • Delivery of22 E-Jets in 2Q13 reaching 947 total deliveries since EIS. 4 Highlights • Air Costa (India) and JAL (Japan) disclosed their firm orders for five E-Jets . • Embraer signed a firm order for seven E190s with Venezuela’s Conviasa. • SkyWest signed a firm order for 40 E175 jets plus 60 reconfirmable and another 100 options. • E-Jets E2 Program reached 100 firm orders plus 100 options from SkyWest, 50 firm orders plus 50 options from ILFC and LOIs for another 65 aircraft. • United Airlines ordered 30 E175 jets with options for an additional 40.
  • 5.
    • Delivery ofthe 400th Phenom jet and first Phenom 300 sold to China. • Embraer’s Melbourne, FL facility received FAA certification to assemble the Phenom 300. • Delivery of 29 executive jets in 2Q13 (23 light jets and 6 large jets). • NetJets received its first Phenom 300, entitled “Signature SeriesTM”, of a contract that may reach up to 125 aircraft. 5 Highlights • Lineage 1000 reached 10,000 flown hours. • Legacy 500 completed 45% of its test campaign with more than 450 flight hours with 3 prototypes. • Phenom 100 & 300 awarded as the “Best of the Best” by Robb Report magazine for the third consecutive year.
  • 6.
    • Embraer andBoeing signed a partnership to market and sell the KC-390 in certain markets. 6 Highlights • Brazilian Air Force signed a contract for logistical support and services for 92 A-29 Super Tucano aircraft. • Visiona advanced in the Geostationary Defense and Strategic Communication Satellite program with the short list of the satellite supplier. • Savis completed the selection of the main suppliers for Sisfron (Brazilian Integrated Border Monitoring System).
  • 7.
    3 1611 8 23 2 46 17 37 2Q12 3Q12 4Q12 1Q13 2Q13 35 27 23 17 22 2Q12 3Q12 4Q12 1Q13 2Q13 Aircraft Deliveries Large Jets - Legacy & Lineage Light Jets - Phenom Commercial Jets Executive Jets 7 2013 deliveries estimates • 90 - 95 commercial jets • 25 - 30 executive large jets • 80 - 90 executive light jets
  • 8.
    12.9 12.4 12.513.3 17.1 2Q12 3Q12 4Q12 1Q13 2Q13 US$ Billion 8 Firm Order Backlog
  • 9.
    309264 257 297252 2Q12 3Q12 4Q12 1Q13 2Q13 860 1,176 956 864 640 2Q12 3Q12 4Q12 1Q13 2Q13 370 261 167 712 175 2Q12 3Q12 4Q12 1Q13 2Q13 1,5571,715 1,402 1,898 1,086 2Q12 3Q12 4Q12 1Q13 2Q13 Net Revenues by Segment – 2013 Outlook 9 Commercial Aviation: US$ 3.20 – 3.35 Billion Executive Aviation: US$ 1.40 – 1.60 Billion Defense & Security: US$ 1.25 – 1.35 Billion EMBRAER: US$ 5.90 – 6.40 Billion 2013 YTD: 2,643 2013 YTD: 1,500 2013 YTD: 545 2013 YTD: 561
  • 10.
    Net Revenues 10 2013 YTD:2,643 2013 YTD: 5,397 US$ Million R$ Million 3,380 2,845 3,913 2,157 3,240 2Q12 3Q12 4Q12 1Q13 2Q13 1,715 1,402 1,898 1,086 1,557 2Q12 3Q12 4Q12 1Q13 2Q13 2013 Outlook: US$ 5.9 – 6.4 Billion
  • 11.
    118 111 143 108 75 59 75 53 121 54 2Q12 3Q124Q12 1Q13 2Q13 233 224 295 215 147 120 154 106 250 111 2Q12 3Q12 4Q12 1Q13 2Q13 11 SG&A Expenses 344 449 170 218 161 193 321 380 Selling ExpensesG&A Expenses 175 361 US$ Million R$ Million 2013 YTD: 336 2013 YTD: 682
  • 12.
    Income from Operations EBITEBIT Margin 12 2013 YTD: 175 / 6.6% 2013 YTD: 365 / 6.8% US$ Million R$ Million EBIT: US$ 530 – 610 Million EBIT Margin: 9.0% – 9.5% 2013 Outlook: 205 469 79 390 285 11.5% 7.2% 12.0% 3.7% 8.8% 2Q12 3Q12 4Q12 1Q13 2Q13 101 228 40 197 135 11.5% 7.2% 12.0% 3.6% 8.7% 2Q12 3Q12 4Q12 1Q13 2Q13
  • 13.
    EBITDA EBITDA EBITDA Margin 13 US$Million R$ Million 2013 YTD: 304 / 11.5% 2013 YTD: 628 / 11.6% EBITDA: US$ 770 – 900 Million EBITDA Margin: 13.0% – 14.0% 2013 Outlook: 265 168 310 100 204 15.5% 12.0% 16.3% 9.2% 13.1% 2Q12 3Q12 4Q12 1Q13 2Q13 524 340 638 201 427 15.5% 12.0% 16.3% 9.3% 13.2% 2Q12 3Q12 4Q12 1Q13 2Q13
  • 14.
    5.9% 92 5.9% 192 Adjusted Net Income,excluding Deferred Income Taxes Net Margin Net Income Net Income 14 2013 YTD: 25 / 0.9% 2013 YTD: 52 / 1.0% US$ Million 124 133 254 62 (10) 3.7% 4.6% 6.5% 2.9% -0.3% 2Q12 3Q12 4Q12 1Q13 2Q13 55 65 123 30 (5) 3.2% 4.7% 6.5% 2.8% -0.3% 2Q12 3Q12 4Q12 1Q13 2Q13
  • 15.
    2,530 2,585 2,157 2,510 2,523 2Q123Q12 4Q12 1Q13 2Q13 Inventories 15 US$ Million
  • 16.
    (50) (163) (50) 157 (30) 439 (83) 186 (75) (125)(55) (58) (75) (68) (60) 27 (138) 202 (201) 2 2Q123Q12 4Q12 1Q13 2Q13 Free Cash Flow 16 2013 YTD: (199)US$ Million * Net of Financial assets adjustment Net cash generated (used) by operating activities* 157 (30) 439 (83) 186 103 Additions to property, plant and equipment (75) (50) (163) (50) (125) (175) Additions to intangible assets (55) (58) (75) (68) (60) (127) Free Cash Flow 27 (138) 202 (201) 2 (199) 2Q13 YTD132Q12 3Q12 4Q12 1Q13
  • 17.
    127 118 100 300 180 52 RESEARCH DEVELOPMENTCAPEX 2013 Outlook: US$ 580 Million Investments 2013 Outlook2013 YTD US$ Million 17 2013 YTD: 297
  • 18.
    Indebtedness Profile /Net Cash Long-term Short-term Loans Average Maturity (Years) Indebtedness Maturity Net Cash – US$ Million 18 US$ 2.22 BillionTotal Debt 2Q13 Total Cash 2Q13 US$ 2.28 Billion 84% 85% 22% 17% 78% 83% 94% 16% 15% 6% 6.1 6.0 5.8 5.1 5.4 2Q12 3Q12 4Q12 1Q13 2Q13 290 123 309 98 58 2Q12 3Q12 4Q12 1Q13 2Q13
  • 19.
    Investor Relations Phone: +5512 3927 4404 investor.relations@embraer.com.br www.embraer.com