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.

1. This information is property of Embraer and can not be used or reproduced without written permission.
JANUARY 2016+55 12 3927 4404 | investor.relations@embraer.com.br | www.embraer.com.br
MARCH 2016

2. This information is property of Embraer and can not be used or reproduced without written permission.
CORPORATE AND BUSINESS STRATEGY
ORGANIC GROWTH
MARGINS ENHANCEMENT THROUGH THE P3E
BUSINESS AND REVENUES DIVERSIFICATION
ORGANIC GROWTH AND ACQUISITIONS
ESTABLISH EMBRAER AS THE DEFENSE HOUSE OF BRAZIL
PRODUCT STRATEGY
DIVERSIFICATION AND EXPANSION OF CUSTOMER BASE
EXCELLENCE IN CUSTOMER EXPERIENCE (ECE)
MARKET SHARE GROWTH
MARGINS IMPROVEMENT
PRODUCT STRATEGY AND CUSTOMER SUPPORT FOCUS
2

3. This information is property of Embraer and can not be used or reproduced without written permission.
15.4
12.4
18.2
20.9
22.5
2011 2012 2013 2014 2015
FIRM ORDER BACKLOG
3
COMMERCIAL
AVIATION DEFENSE
& SECURITY
EXECUTIVE
JETS
US$ BILLION

4. This information is property of Embraer and can not be used or reproduced without written permission.
16 22 29 24
38
83 77
90 92
82
2011 2012 2013 2014 2015
105 106
90 92
101
2011 2012 2013 2014 2015
LARGE JETS - LEGACY & LINEAGE
LIGHT JETS - PHENOM
AIRCRAFT DELIVERIES
95 - 100 E-JETS
35 - 40 EXECUTIVE LARGE JETS
80 - 90 EXECUTIVE LIGHT JETS
4
99 99
120116119
2015 OUTLOOK:

5. This information is property of Embraer and can not be used or reproduced without written permission.
NET REVENUES
2015 OUTLOOK: US$ 5.8 – 6.3 BILLION
5
5,791 6,167 6,235 6,289 5,928
2011 2012 2013 2014 2015
US$ MILLION

6. This information is property of Embraer and can not be used or reproduced without written permission.
29%
48%
65%
22%
14%
11%
21%
21%
12%
8%
3%
2%
6%
4%
4%9% 4%
4%5% 6% 2%
2013 2014 2015
53% 50%
56%
27%
26%
30%
19% 23%
13%
1% 1% 1%
2013 2014 2015
NET REVENUES BREAKDOWN
SEGMENT REGION
OTHERS
Net Revenues
US$ Billion
6.24 6.29 5.93
Net Revenues
US$ Billion
6.24 6.29 5.93
NORTH AMERICA BRAZIL
EUROPE
ASIA PACIFIC
SOUTH & CENTRAL
AMERICA
AFRICA &
MIDDLE EAST
CHINA
6

7. This information is property of Embraer and can not be used or reproduced without written permission.
BOARD OF EXECUTIVE
OFFICERS
ETHICS
COMMITTEE
FINANCIAL MANAGEMENT
COMMITTEE
SUSTAINABILITY
COMMITTEE
S H A R E H O L D E R S
FISCAL BOARD
ENVIRONMENTAL RISK
COMMITTEE
BOARD OF DIRECTORS
INTERNAL AUDIT
AUDIT AND RISKS
COMMITTEE
HUMAN RESOURCES
COMMITTEE
STRATEGY
COMMITTEE
COMPLIANCE
CORPORATE GOVERNANCE STRUCTURE
7

8. This information is property of Embraer and can not be used or reproduced without written permission.
Ba1
BBB
INVESTMENT GRADE SINCE JAN. 2006
EMBRAER CREDIT RATINGS
8

9. This information is property of Embraer and can not be used or reproduced without written permission.
INDEXES & INITIATIVES
9

10. This information is property of Embraer and can not be used or reproduced without written permission.

11. This information is property of Embraer and can not be used or reproduced without written permission.
OVER 90 AIRLINES IN MORE THAN 60 COUNTRIES
11

12. This information is property of Embraer and can not be used or reproduced without written permission.
70 - 80 seats
2,100nm (3,900Km)
78 - 88 seats
2,000nm (3,700Km)
98 - 114 seats
2,400nm (4,500Km)
108 - 122 seats
2,200nm (4,100Km)
PRODUCT PORTFOLIO
37 seats
1,750nm (3,250Km)
44 seats
1,650nm (3,050Km)
50 seats
1,550nm (2,900Km)
50 seats
2,000nm (3,700Km) 120-136 seats
2,450nm (4,540Km)
97-114 seats
2,800nm (5,200Km)
80-90 seats
1,920nm (3,560Km)
12

13. This information is property of Embraer and can not be used or reproduced without written permission.
E-JETS – GLOBAL MARKET SUCCESS
1,704
ORDERS
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
513AIRCRAFT IN BACKLOG
Source: Embraer (Dec./2015)
1,191
DELIVERIES
13

14. This information is property of Embraer and can not be used or reproduced without written permission.
FIRM ORDERS DELIVERIES FIRM BACKLOG
193 190 3
500 331 169
578 523 55
166 147 19
100 - 100
77 - 77
90 - 90
TOTAL 1,704 1,191 513
E-JETS – ORDER BOOK 4Q15
14

15. This information is property of Embraer and can not be used or reproduced without written permission.
DELIVERIES SHARE
70-130 SEATS JETS
E-JETS – SHARE AND REGION BREAKDOWN
15
NORTH AMERICA SHARE
76 SEAT JETS - ORDERS SINCE 2013
DELIVERIES BY REGION
BACKLOG BY REGION
LATIN AMERICA
NORTH
AMERICA
EUROPE
CIS
MIDDLE EAST
AFRICA
ASIA PACIFIC
CHINA
LATIN AMERICA
NORTH
AMERICA
EUROPE
CIS
OTHERS
ASIA PACIFIC
CHINA

16. This information is property of Embraer and can not be used or reproduced without written permission.
COMPETITIVE SCENARIO
180+
160
140
120
100
80
SSJ95/100
MRJ90 ARJ21CRJ900
CRJ1000
CRJ700
CAPACITY (SINGLE CLASS)
737-7 MAXA319neo
A320neo
737-8MAX
CS100
CS300
E175-E2
E190-E2
E195-E2
E195
E190
E170
E175
16

17. This information is property of Embraer and can not be used or reproduced without written permission.
• REPLACEMENT OF OLD/INEFFICIENT JETS (APROX. 3,250 UNITS)
• RIGHT-SIZING OF NARROW-BODY OPERATIONS (APROX. 750 UNITS)
• REGIONAL AVIATION, NEW US OPPORTUNITIES AND LCCs (APROX. 1,100 UNITS)
EMBRAER MARKET FORECAST (2015 – 2034)
17
CHINA
1,020 JETS (16%)
MIDDLE EAST
240 JETS (4%)
ASIA PACIFIC
550 JETS (9%)
NORTH AMERICA
2,060 JETS (32%)
EUROPE
1,160 JETS
(18%)
LATIN AMERICA
720 JETS (11%)
WORLDWIDE
6,350 JETS (70-130 SEATS)
US$ 300 BILLION
AFRICA
220 JETS (4%)
CIS
380 JETS (6%)

18. This information is property of Embraer and can not be used or reproduced without written permission.

19. This information is property of Embraer and can not be used or reproduced without written permission.
E-JETS EVOLUTION
70
80
90
100
110
120
130
+4 SEATS
SAME
+14 SEATS
20%
20%
120-136 seats
2,450nm
97-114 seats
2,800nm
80-90 seats
1,920nm
19

20. This information is property of Embraer and can not be used or reproduced without written permission.
FUEL BURN IMPROVEMENTS
FUEL BURN PER SEAT
Target values for 600 nm sector; Dual Class configuration
E175-E2 (80 SEATS)
vs E175 (76 SEATS)
E190-E2 (97 SEATS)
vs E190 (97 SEATS)
E195-E2 (120 SEATS)
vs E195 (106 SEATS)
-16% -16%
-24%
0%
-5%
-10%
-15%
-20%
-25%
20

21. This information is property of Embraer and can not be used or reproduced without written permission.
MAINTENANCE COST IMPROVEMENTS
-25%
-15%
-20%
E175-E2 (80 SEATS)
vs E175 (76 SEATS)
E190-E2 (97 SEATS)
vs E190 (97 SEATS)
E195-E2 (120 SEATS)
vs E195 (106 SEATS)
DMC PER SEAT
E175 CF34-8E5 baseline per 2011 conditions
*2,600FH/Yr & 1.5FH/FC; 10 years DMC
E190 CF34-10E6 baseline per 2011 conditions
*2,600FH/Yr & 1.5FH/FC; 10 years DMC
0%
-5%
-10%
-15%
-20%
-25%
21

22. This information is property of Embraer and can not be used or reproduced without written permission.
NEW WING
More efficient, high aspect ratio
metallic wing. Raked wing tip.
IMPROVED AVIONICS
4 larger 13”x10” displays
and touchscreen controls
MAIN LANDING GEAR
Enabling larger engines. Gear doors
for improved fuel efficiency
OPTIMIZED WING/ENGINE
DIFFERENT WING AND ENGINE COMBINATIONS FOR E175-E2 AND E190/195-E2
NEW ENGINES
Larger fan diameter and
improved fuel efficiency
E2 NEW FEATURES
22
|

23. This information is property of Embraer and can not be used or reproduced without written permission.
E195-E2 | EIS 2019
E190-E2 | EIS 1H2018
E175-E2 | EIS 2020
E2 ENTRY INTO SERVICE
23

24. This information is property of Embraer and can not be used or reproduced without written permission.
COMMITMENTS E-JETS E2
640COMMITMENTS
(267 FIRM)
SKYWEST, INC.
100+100 x E175-E2
AERCAP
50+50 x E190-E2 | E195-E2
AIR COSTA
50+50 x E190-E2 | E195-E2
HAINAN/TIANJIN AIRLINES
2+18 x E190-E2
ICBC LEASING
10+10 x E190-E2
AZUL
30+20 x E195-E2
TRANS STATES HOLDINGS
50+50 x E175-E2
AIRCASTLE
25 +25 x E190-E2 | E195-E2
24

25. This information is property of Embraer and can not be used or reproduced without written permission.

26. This information is property of Embraer and can not be used or reproduced without written permission.
NEARLY 1,000 JETS DELIVERED IN MORE THAN 60 COUNTRIES
26

27. This information is property of Embraer and can not be used or reproduced without written permission.
SUPER-MIDSIZE
PRODUCT PORTFOLIO
ENTRY LIGHT MIDLIGHT MIDSIZE
LARGE ULTRA-LARGE
Certified 2008 Certified 2009 Certified 2015 Certified 2014
Certified 2001 Certified 2010 Certified 2008
Up to 8 occupants | 1,178 nm Up to 11 occupants | 1,971 nm 7 to 9 passengers | 2,900 nm 8 to 12 passengers | 3,125 nm
13 to 14 passengers | 3,400 nm 13 to 19 passengers | 4,600 nm13 to 14 passengers | 3,900 nm
• Cessna - Mustang/M2
• HondaJet
• Cessna - CJ3+/CJ4
• Bombardier - Learjet 75
• Pilatus - PC-24
• Bombardier - Learjet 75
• Cessna - XLS+/Latitude
• Cessna - Sovereign+
• Bombardier - CL350
• Gulfstream - G150
• Gulfstream - G280
• Cessna - Hemisphere
• Bombardier - CL650/GL5000
• Dassault - Falcon 2000LXS/900LX/5X
• Gulfstream - G450/G500
• Airbus - ACJ 318/319/320
• Boeing - BBJ/BBJ2/BBJ3
• Cessna - X+/Longitude
• Dassault - Falcon 2000S
27

28. This information is property of Embraer and can not be used or reproduced without written permission.
DELIVERIES SHARE (UNITS)REVENUES SHARE (US$ BI | B&CA LIST PRICES)
MARKET DELIVERIES 2015: 706 UNITS
EMBRAER DELIVERIES: 120 UNITS
MARKET REVENUES 2015: US$ 22 BILLION
EMBRAER REVENUES: US$ 1.7 BILLION
MARKET SHARE
OTHERS
28
18.1 17.7 21.2 21.8 703 663 677 715 70621.9

29. This information is property of Embraer and can not be used or reproduced without written permission.29
EXECUTIVE JETS – DELIVERIES EVOLUTION
9 13 13
20 27 36 38
122
145
99 99
119 116 120
976
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
EMBRAER EXECUTIVE JETS DELIVERIES ACCUMULATED FLEET

30. This information is property of Embraer and can not be used or reproduced without written permission.
0%
4%
8%
12%
16%
20%
24%
28%
0
500
1000
1500
2000
2500
3000
3500
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
%OFACTIVEFLEET
UNITS
BUSINESS JETS PRE-OWNED MARKET INVENTORY
Source: Jetnet and Embraer analysis, December 2015
11.1%
2,280 jets
8.1%
703 jets
30

31. This information is property of Embraer and can not be used or reproduced without written permission.31
FRACTIONAL SEGMENT – MARKET SHARE
0
20
40
60
80
100
120
2007 2008 2009 2010 2011 2012 2013 2014 2015
Market share 2015
34%
OTHERS
Source: Jetnet database, February 2016

32. This information is property of Embraer and can not be used or reproduced without written permission.
0,6
1,1
2014 2015
NORTH AMERICA LATIN AMERICAEUROPE | AFRICAASIA-PACIFIC | CHINA
NET BOOK-TO-BILL (US$)
32
IMPROVED SALES PERFORMANCE
DELIVERIES: 116 JETS DELIVERIES: 120 JETS
13%
25%
13%
49%
8%
18%
5%68%

33. This information is property of Embraer and can not be used or reproduced without written permission.
DELIVERIES FORECAST (N10Y)
9,100 JETS AND US$ 259 BILLION IN THE NEXT 10 YEARS
2016-2025 MARKET FORECAST PER JET CLASS
͟Note: Sum of jet class numbers might differ from total numbers due to rounding.
Units US$
1,000
5
1,420
13
580
7
1,250
22
1,450
37
1,700
67
1,560
99
140 9
0
200
400
600
800
1.000
1.200
2008 2010 2012 2014 2016 2018 2020 2022 2024
Deliveries(#ofjets)
ENTRY
LIGHT
MIDLIGHT
MIDSIZE
SUPERMID
LARGE
ULTRA LARGE
U-LONG RANGE
33

34. This information is property of Embraer and can not be used or reproduced without written permission.
NORTH AMERICA
4,850 JETS (54%)
US$ 130 BI (50%)
EUROPE & AFRICA
2,100 JETS (23%)
US$ 64 BI (25%)
ASIA PACIFIC, CHINA
& MIDDLE EAST
1,500 JETS (16%)
US$ 54 BI (21%)
LATIN AMERICA
650 JETS (7%)
US$ 11 BI (4%)
WORLDWIDE
9,100 JETS
US$ 259 BILLION
2016-2025 MARKET FORECAST BY REGION
Note: sum of regional numbers might
differ from total numbers due to rounding
Source: Embraer Analysis
34
ASIA PACIFIC, CHINA,
MIDDLE EAST
550

35. This information is property of Embraer and can not be used or reproduced without written permission.
6
5
7 4
1
2
3
EXPANSION 2015 TO 2017
LEGACY 450/500 FINAL ASSEMBLY5 LEGACY 450/500 PAINTING6 LEGACY 450/500 DELIVERY CENTER7
CURRENT FACILITIES
PHENOM FINAL ASSEMBLY1 PHENOM PAINTING2 ENGINEERING CENTER3 CUSTOMER CENTER4
35
EXPANDING OPERATIONS IN FLORIDA

36. This information is property of Embraer and can not be used or reproduced without written permission.

37. This information is property of Embraer and can not be used or reproduced without written permission.
PRODUCTS AND SOLUTIONS IN MORE THAN 60 COUNTRIES
37

38. This information is property of Embraer and can not be used or reproduced without written permission.
SATELLITE
INTEGRATED PORTFOLIO
RADARC4I
• C2 & C4I SYSTEMS
• AIRBORNE SYSTEMS
• SIMULATION
• CONTROL SYSTEMS
• AIR TRAFFIC SYSTEM
• LAND DEFENSE SYSTEMS
INTEGRATION
• SISFRON IMPLEMENTATION
• MRO
• AEROSTRUCTURES
• REMOTE SENSING
• AERIAL SURVEILLANCE
RADAR
• SATELLITE GEOSTATIONARY
OF DEFENSE AND
COMMUNICATIONS (SGDC)
100% 65%100% 100%51%
PARTNERSHIPS
TRANSPORT
AIRCRAFT
TACTICAL MILITARY
TRANSPORT
MODERNIZATION
PROGRAMS
LIGHT ATTACK AND
ADVANCED TRAINING
ISR SOLUTIONS
LAND SYSTEMS SERVICES
38

39. This information is property of Embraer and can not be used or reproduced without written permission.
227
346
505 499
670
852
1,056
1,197
1,456
811
6%
7%
8%
9%
13%
15%
17%
19%
23%
14%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
EMBRAER DEFENSE & SECURITY RESULTS
REVENUES PARTICIPATION (%)
39
REVENUES EVOLUTION (US$ MILLION) BACKLOG EVOLUTION (US$ BILLION)
1.1 1.0
1.5
3.2 3.3 3.3 3.4 3.6
5.5
4.7
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

40. This information is property of Embraer and can not be used or reproduced without written permission.
• NEW TACTICAL MILITARY TRANSPORT AND TANKER AIRCRAFT
• PARTNERSHIP WITH BOEING TO SHARE TECHNICAL KNOWLEDGE AND SELL THE KC-390
• BRAZILIAN GOVERNMENT AND EMBRAER SIGNED CONTRACT FOR 28 KC-390
• OTHER FIVE LOIs (32 AIRCRAFT)
• CERTIFICATION EXPECTED BY 2H2017
• FIRST DELIVERY TO BRAZILIAN AIR FORCE IN 1H2018
• SECOND PROTOTYPE ASSEMBLED AND JOINING THE FLIGHT TEST CAMPAIGN
• NEARLY 90% OF PROGRAM DEVELOPMENT COMPLETED
TOTAL MARKET FORECAST 2025: 700 AIRCRAFT / US$ 50+ BI
BRAZIL: 28
COLOMBIA: 12
ARGENTINA: 6
CHILE: 6
PORTUGAL: 6
CZECH REP.: 2
EMBRAER KC-390
40

41. This information is property of Embraer and can not be used or reproduced without written permission.
BRAZIL: 99
COLOMBIA: 25
DOMINICAN REPUBLIC: 8
CHILE: 12
ECUADOR: 18
INDONESIA: 16
MAURITANIA: 2
BURKINA FASO: 3
ANGOLA: 6
USA: 21
MALI: 6
GHANA: 5
LEBANON: 6
UNDISCLOSED: 2
FIRM ORDERS: NEARLY 230 AIRCRAFT
OVER 190 AIRCRAFT DELIVERED
TOTAL MARKET FORECAST: 300 AIRCRAFT / US$ 3.5 BILLION
SUPER TUCANO
41

42. This information is property of Embraer and can not be used or reproduced without written permission.
SISFRON
INTEGRATED BORDERS MONITORING SYSTEM
FIRST PHASE: US$ 420 MILLION
TOTAL ESTIMATE: US$ 4 BILLION
COMPRISING RADARS, COMMUNICATION NETWORKS, C4I,
UNMANNED AIR VEHICLES (UAV) AND ARMORED VEHICLES
SATELLITE
BRAZILIAN GEOSTATIONARY DEFENSE AND
COMMUNICATION SATELLITE PROGRAM (SGDC)
TOTAL ESTIMATE: US$ 400 MILLION
PARTICIPATION IN THE FIRST BRAZILIAN GEOSTATIONARY SATELLITE
BRAZILIAN ARMY PRIORITIES
42

43. This information is property of Embraer and can not be used or reproduced without written permission.
BRAZILIAN GOVERNMENT CONTRACTED SAAB TO SUPPLY 36 GRIPEN NG FIGHTER JET
CONTRACT BETWEEN EMBRAER AND SAAB FINALIZED (EFFECTIVE AND RUNNING)
FIRST GROUP OF 46 BRAZILIAN ENGINEERS IN SWEDEN SINCE OCTOBER 2015
GRIPEN DESIGN AND DEVELOPMENT CENTER UNDER CONSTRUCTION IN GPX SITE
NEW BRAZILIAN FIGHTER (F-39 GRIPEN)
43

44. This information is property of Embraer and can not be used or reproduced without written permission.
GRIPEN
GAVIÃO PEIXOTO (GPX) SITE
44
CONCENTRATING DEFENSE ACTIVITIES
EXPANSION
NEW GRIPEN DESIGN AND DEVELOPMENT CENTER5
CURRENT FACILITIES
STRUCTURAL ASSEMBLY
WINGS ST & KC-390
FUSELAGE KC-390
MODERNIZATION
A4, AMX & F-52 FINAL ASSEMBLY ST3 FINAL ASSEMBLY KC-3904
1
1
2
3
4
5

45. This information is property of Embraer and can not be used or reproduced without written permission.
FINANCIAL RESULTS

46. This information is property of Embraer and can not be used or reproduced without written permission.
113
86
100
78
97
55
43
47
43
50
4Q14 1Q15 2Q15 3Q15 4Q15
2,046
1,056
1,513
1,285
2,074
4Q14 1Q15 2Q15 3Q15 4Q15
NET REVENUES SG&A EXPENSES
NET REVENUES | SG&A EXPENSES
SELLING EXPENSESG&A EXPENSES
2015 OUTLOOK: US$ 5.8 – 6.3 BILLION
2015: 5,928
147
168
121
147
129
2015: 544
46
US$ MILLION

47. This information is property of Embraer and can not be used or reproduced without written permission.
975
662
883
688
1,115
4Q14 1Q15 2Q15 3Q15 4Q15
359
213 216 182 200
4Q14 1Q15 2Q15 3Q15 4Q15
690
167
404 402
746
4Q14 1Q15 2Q15 3Q15 4Q15
2,045
1,056
1,513
1,285
2,074
4Q14 1Q15 2Q15 3Q15 4Q15
NET REVENUES BY SEGMENT
OUTLOOK: US$ 1.70 – 1.85 BILLION OUTLOOK: US$ 0.80 – 0.95 BILLION
OUTLOOK: US$ 3.20 – 3.40 BILLIONOUTLOOK: US$ 5.80 – 6.30 BILLION
2015: 5.93 BILLION 2015: 3.35 BILLION
2015: 1.72 BILLION 2015: 0.81 BILLION
47

48. This information is property of Embraer and can not be used or reproduced without written permission.
INCOME FROM OPERATIONS (EBIT) | EBITDA
EBIT EBITDA
EBIT EBIT MARGIN EBITDA EBITDA MARGIN
2015 OUTLOOK:
US$ 490 – 560 MILLION | 8.5% – 9.0%
2015 OUTLOOK:
US$ 730 – 860 MILLION | 12.6% – 13.6%
2015: 332 | 5.6% 2015: 648 | 10.9%
48
US$ MILLION
166
196
80
102
84
65
9.6%
7.5% 6.8% 6.6%
3.1%
4Q14 1Q15 2Q15 3Q15 4Q15
8.0%
EXCLUDING REPUBLIC EFFECT EXCLUDING REPUBLIC EFFECT
281
149
178 158 164
13.8% 14.1%
11.7%
12.3%
7.9%
4Q14 1Q15 2Q15 3Q15 4Q15
12.8%
264

49. This information is property of Embraer and can not be used or reproduced without written permission.
288
(440)
73
(115)
660
(440)
(367)
(482)
178
4Q14 1Q15 2Q15 3Q15 4Q15
NET INCOME FREE CASH FLOW
NET INCOME | FREE CASH FLOW
NET MARGINNET INCOME
2015 OUTLOOK: FCF > (US$ 100) MILLION
2015: 69 | 1.2% 2015: 178
49
US$ MILLION
91
(62)
129
(110)
111
4.5%
-5.8%
8.5%
-8.5%
5.4%
4Q14 1Q15 2Q15 3Q15 4Q15
8.6%
178
EXCLUDING REPUBLIC EFFECT
FREE CASH FLOW ACCUMULATED 2015

50. This information is property of Embraer and can not be used or reproduced without written permission.
42
288
188
50
300 300
RESEARCH DEVELOPMENT CAPEX
2,405
2,696 2,640
2,763
2,315
4Q14 1Q15 2Q15 3Q15 4Q15
INVENTORIES | INVESTMENTS
50
INVENTORIES INVESTMENTS
2015 OUTLOOK: US$ 650 MILLION
US$ MILLION
2015: 518
2015 YTD 2015 OUTLOOK

51. This information is property of Embraer and can not be used or reproduced without written permission.
(39)
(535)
(465)
(644)
7
4Q14 1Q15 2Q15 3Q15 4Q15
96% 89% 90% 91% 94%
4% 11% 10% 9% 6%
5.4 5.3
6.5 6.5
6.2
4Q14 1Q15 2Q15 3Q15 4Q15
INDEBTEDNESS PROFILE | NET CASH
INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION
LONG-TERM SHORT-TERM
LOANS AVERAGE MATURITY (YEARS)
TOTAL DEBT 4Q15: US$ 3.530 BILLION TOTAL CASH 4Q15: US$ 3.538 BILLION
51

52. This information is property of Embraer and can not be used or reproduced without written permission.
USD DEBT
2,701
77%
BRL DEBT
807
23%
EUR DEBT
22
1%
1,014
2,524
197
424
245
101
228
102
549 540
43
1,034
45
CASH
4Q15
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026-2037
INDEBTEDNESS PRINCIPAL MATURITIESCASHLOCALCASHABROAD
PRINCIPAL MATURITIES: US$ 3.530 BILLION
3,538
52
US$ MILLION

53. This information is property of Embraer and can not be used or reproduced without written permission.
EPADS AND PAY OUT
EPADS PAY OUT
53
US$
1.49
ADJUSTED EPADS
0.62
1.92 1.88 1.82
0.38
116%
26% 26% 27%
49%
2011 2012 2013 2014 2015

54. This information is property of Embraer and can not be used or reproduced without written permission.
736,951,302 VOTING SHARES
OWNERSHIP STRUCTURE – 4Q15
54
NYSE
58%
BM&F
BOVESPA
42%
17%
83%
LOCAL
SHAREHOLDERS
INTERNATIONAL
SHAREHOLDERS

55. This information is property of Embraer and can not be used or reproduced without written permission.
2016 OUTLOOK

56. This information is property of Embraer and can not be used or reproduced without written permission.
NET REVENUES US$ 6.00 – 6.40 BILLION
2016 CONSOLIDATED OUTLOOK
12% OF NET REVENUES US$ 0.70 – 0.75 BILLION
1% OF NET REVENUES US$ 100 MILLION
30% OF NET REVENUES US$ 1.75 – 1.90 BILLION
57% OF NET REVENUES US$ 3.45 – 3.65 BILLION
DELIVERIES 105 TO 110 E-JETS
OTHER REVENUES
75 TO 85 LIGHT JETS
40 TO 50 LARGE JETS
56
DELIVERIES

57. This information is property of Embraer and can not be used or reproduced without written permission.
EBITDA MARGIN 13.3% – 13.7%
EBITDA US$ 800 – 870 MILLION
EBIT MARGIN 8.0% – 8.5%
EBIT US$ 480 – 545 MILLION
FCF > (US$ 100) MILLION
2016 CONSOLIDATED OUTLOOK
RESEARCH US$ 50 MILLION
DEVELOPMENT US$ 325 MILLION
CAPEX US$ 275 MILLION
INVESTMENTS US$ 650 MILLION
57
FCF USE OF LESS THAN US$ 100 MILLION

58. This information is property of Embraer and can not be used or reproduced without written permission.
+55 12 3927 4404 | investor.relations@embraer.com.br | www.embraer.com

59. This information is property of Embraer and can not be used or reproduced without written permission.
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.
FORWARD LOOKING STATEMENT
59