This presentation provides forward-looking statements and highlights for Embraer in 2009. It summarizes that Embraer achieved its operational targets for 2009 despite economic challenges. Key accomplishments included a 20% reduction in SG&A expenses, a $500 million bond issue, and increased market share in business jets. Financial results showed lower revenues but higher margins, EBITDA, and cash position compared to 2008. The outlook anticipates continued challenges in 2010 but guidance for net revenues of $5 billion, EBIT of $300 million, and investments of $300 million.

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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.
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3. Highlights 2009
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4. Company Highlights 2009
In 2009, Embraer completed 40 years of existence with more than
5 thousand aircraft produced and operating in 78 countries.
Effective restructuring preserving Company’s operational, economical and financial solidness.
All operational targets achieved. Solid net cash position of US$ 500 million.
Successful US$ 500 million, ten-year bond issued at attractive rates.
20% reduction of SG&A. Significant inventory reduction of US$ 0.5 billion.
Reduction in Capex but preserving strategic investments.
Fifth consecutive year listed in the
BM&FBOVESPA Sustainability Index (ISE).
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5. Company Highlights 2009
Embraer’s market share in the bizjet market increased from 3%
to 14% (deliveries) and 4% to 6.5% (revenues).
Phenom 300 was certified on schedule (December 2009),
meeting or surpassing all of its performance goals.
Successful ramp up of Phenom 100 and Lineage 1000.
First flight of Legacy 650.
Financing secured for all
commercial jet deliveries.
Landmark development contract for KC390 aircraft.
Solid progress of P3E and technological development.
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6. Net Revenue (US GAAP)
Gui
d
US$ Million Del ance
iver
ed
6,335
5,245 5,466
3,830 3,760
3,441
2,762 2,927
2,526
1,837 2,144
1,354
764
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
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7. Aircraft Deliveries
244
204 *98
160 161 169 *2
148 141
131 130
96 101
60
32
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
* Phenom Jets
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8. Firm Order Backlog
US$ Billion
4.2 4.2
3.9 3.8
3.3
3.1 3.0
2.8 2.8
2.6
2.2 2.2 2.3
20.9
18.8
16.6
14.8
11.4 10.7 10.6 10.4
9.0 10.1
6.4
3.0 4.1
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Firm Order Backlog Backlog/Revenue (Years)
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9. Revenue Breakdown
Revenue by Segment Revenue by Region
3% 2% 2% 8% 7% 6%
10% 9% 11%
6%
14% 4% 18% 21%
16% 16% 12%
8% 4%
7% 9% 10% 11%
24% 7%
18%
32%
64% 67% 62%
46% 43%
23%
2007 2008 2009 2007 2008 2009
Commercial aviation Defense North America Europe Latin America
Executive aviation Aviation services Brazil Asia Pacific Others
Others
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10. Financial Results
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11. Net Revenues and
Gross Margin
US Gaap - US$ Million BR Gaap - R$ Million
21.2% 20.5%
22.0% 20.5%
20.4% 19.2%
6,335 11,747
5,466 10,813
5,245 9,994
2007 2008 2009 2007 2008 2009
Net Revenues Gross Margin
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12. SG&A Expenses
US Gaap - US$ Million BR Gaap - R$ Million
625
1,156
232 496 979
425
191 376
393 731
305 603
2008 2009 2008 2009
Selling Expenses General and Adm. Expenses
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13. Income from Operations
(US GAAP)
US Gaap - US$ Million US Gaap - US$ Million
8.5% 15.1%
10.5%
8.0%
7.1%
6.1%
4.1%
103
275
537 103
374 336
66
2007 2008 2009 4Q 08 4Q 09
Income from Operations Operating Margin
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14. Income from Operations
(BR GAAP)
BR Gaap - R$ Million BR Gaap - R$ Million
9.5% 10.5%
9.4% 8.6%
8.4%
6.8%
179
2.2%
1,113 436
938
732 179
60
2007 2008 2009 4Q 08 4Q 09
Income from Operations Operating Margin
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15. EBITDA
US Gaap - US$ Million BR Gaap - R$ Million
9.6% 13.2% 12.8%
12.3%
9.6%
8.3% 7.7% 10.7%
179
103
608 1,500
1,322
1,157
433 422
2007 2008 2009 2007 2008 2009
EBITDA EBITDA Margin
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16. Net Income (US GAAP)
US Gaap - US$ Million US Gaap - US$ Million
9.3% 9,1%
6.1%
4.5%
6,1%
489 146
389
112
249
2007 2008 2009 4Q08 4Q09
Net Income Net Margin
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17. Net Income (BR GAAP)
BR Gaap - R$ Million BR Gaap - R$ Million
11.9% 6,0%
8.3%
3.6%
168
1,185
895
429
(41)
-1,0%
2007 2008 2009 4Q08 4Q09
Net Income Net Margin
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18. Inventories
US Gaap - US$ Million
2,837
2,491
2,340
2007 2008 2009
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19. Indebtedness Profile
Total Debt 4Q09: US$ 2,043 Million
4.9
29% 27% 48% 47% 29%
3.5 3.3
2.1
2.6
71% 73% 52% 53% 71%
4Q08 1Q09 2Q09 3Q09 4Q09
Long-term Short-term Loans Average Maturity (Years)
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20. Operating Cash Flow
Investments
US Gaap - US$ Million
404
Investments - US$ 247 million:
40
• R&D: US$ 144 million;
(64) • PP&E: US$ 103 million.
(244)
ow
Bel et
g
Bud
1Q09 2Q09 3Q09 4Q09
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21. Net Cash
US Gaap - US$ Million
503
376
122
52 71
4Q08 1Q09 2Q09 3Q09 4Q09
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22. 2010 Outlook
and Guidance
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23. 2010 Outlook
Commercial aviation: some hope on the horizon, but structural concerns still.
Business aviation: some indicators showing positive trend.
Embraer growing its market share.
Defense business resilient.
Embraer benefiting from Brazil’s growth / global insertion.
Company’s operations, productivity, quality and employee moral in good
shape and improving – P3E in full force.
Investments in technological development producing concrete results and
paving the future.
Embraer with increasingly solid strategic positioning.
Readiness to leverage results when markets rebound.
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24. 2010 Guidance
Net revenues - US$ 5.0 billion
• Commercial aviation: US$ 2.6 billion
• Executive aviation: US$ 1.1 billion
• Defense: US$ 650 million
• Services and others: US$ 650 million
EBIT - US$ 300 million
EBIT margin - 6.0%
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25. Other Relevant Estimates
2010 projected deliveries
• 90 commercial jets
• 137 business jets
• 17 Legacy / Lineage
• 120 Phenom
EBITDA - US$ 375 million
EBITDA margin - 7,5%
Investments - Budget US$ 300 million
• R&D: US$ 160 million
• PP&E: US$ 140 million
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