- The company is an investment grade-rated global aerospace company established in 1969 and headquartered in Brazil. - It has a strong balance sheet and is a leader in commercial, executive and defense aviation with aircraft, services and systems. - The company has a global footprint with operations in Brazil, USA, Europe and Asia and is forecasting 2011 revenues between $5.6-5.8 billion.

2. Company Highlights Investment grade rating by Moody’s and S&P. Strong balance sheet with solid net cash position. Company established in 1969, privatized in 1994 and listed in USA in 2000. Sector leader in the Dow Jones Sustainability Index 2011/2012. Broad customer base in commercial and executive aviation, defense and security segments. Global footprint. Highly experienced management team.

3. Global Business Operations in Brazil, USA, Europe and Asia Dual listed in Brazil’s Bovespa (1989) and NYSE (2000) Melbourne* Fort Lauderdale Nashville USA Taubaté Botucatu Gavião Peixoto São José dos Campos Brazil Évora* Alverca Portugal Le Bourget Villepinte France Harbin Beijing China Singapore Singapore Countries of Operation Factories Offices Service Centers Contracted/ Planned Authorized Network * Under construction One of Brazil’s largest exporters of manufactured goods Diversified customer-base across five continents Mesa Windsor Locks São Paulo Spare Parts Distribution Centers Louisville Minneapolis

4. Executive Large Jets Aircraft Deliveries Executive Light Jets Commercial Jets Phenom * 102+* 18* 100* 2011 deliveries estimates Legacy e Lineage

5. Revenues Guidance 2011: Net Revenues (US$ 5.6 – 5.8 billion) 2006-2008: US GAAP 2009-2010: IFRS * ** 2011: YTD Guidance US$ Million Executive aviation Commercial aviation Aviation services/others Defense and security

6. Revenues by Segment Commercial aviation Executive aviation Aviation services/others Defense and security Net Revenues US$ Billion * 3.83 5.50 5.36 2.73 2009-2010: IFRS *

7. Revenues by Region Latin America Others North America Brazil Asia Pacific Europe 2009-2010: IFRS * Net Revenues US$ Billion * 6.33 5.50 5.36 5.24

8. Firm Backlog US$ Billion

9. E-Jets: 60 Airlines from 40 Countries

10. Product Portfolio capacity: 70 to 80 seats range: 2,100 nm (3,900 Km) capacity: 78 to 88 seats range: 2,000 nm (3,700 Km) capacity: 98 to 114 seats range: 2,400 nm (4,500 Km) capacity: 108 to 122 seats range: 2,200 nm (4,100 Km) capacity: 37 seats range: 1,750 nm (3,250 Km) capacity: 50 seats range: 1,550 nm (2,900 Km) capacity: 50 seats range: 2,000 nm (3,700 Km) capacity: 44 seats range: 1,650 nm (3,050 Km)

11. Commercial Aviation - Order Book 3Q11 Firm Orders Options Total Deliveries Firm Backlog ERJ 145 Family 890 - 890 890 - EMBRAER 170 188 34 222 182 6 EMBRAER 175 189 290 479 136 53 EMBRAER 190 531 293 824 371 160 EMBRAER 195 110 36 146 81 29 TOTAL E-JETS 1.018 653 1.671 770 248 TOTAL 1.908 653 2.561 1.660 248

12. E-Jets Customer Base Evolution

13. Worldwide Distribution Diversified Customers Across 5 Continents Firm Orders Commercial Jets Market Share Evolution Worldwide Considering Accumulated Net Orders 60-120 Seats Jets Backlog Europe & CIS Middle East & Africa Latin America North America Asia Pacific & China 43% 30% 3% 7% 5%

14. E-Jets Deployment

15. World Replacement Opportunities (Jets 61-120 seats) Nearly 1,000 aircraft with more than 15 years old

16. Embraer Market Forecast (2011-2030) North America 840 32% North America 2,350 33% Latin America 315 12% Latin America 670 9% Europe 580 22% Europe 1,675 23% Russia / CIS 155 6% Russia / CIS 435 6% Africa 80 3% Africa 195 3% Middle East 105 4% Middle East 310 4% Asia Pacific 210 8% Asia Pacific 615 9% China 340 13% China 975 13% Scope Clauses relaxation allowing 80-seater aircraft as a natural growth of RJ50s in the US Right-sizing of narrow-body operations Regional aviation development in Emerging Markets Acceleration of replacement of old & inefficient jets Around 7,225 jet deliveries (30-120 seats) in the next 20 years (US$ 320 bi) Projected Deliveries - Jets Market Segment (Seats) 2010 – 2019 Deliveries 30 - 60 60 61 - 90 1,015 91 - 120 1,550 30 - 120 2,625 Market Segment (Seats) 2011 – 2030 Deliveries 30 - 60 430 61 - 90 2,670 91 - 120 4,125 30 - 120 7,225

17. 110 Seats Competitive Landscape 70-90 Seats 100 Seats

18. More than 400 executive jets in operation.

19. Product Portfolio Large Aircraft Model Phenom 100 Phenom 300 Legacy 450 Legacy 500 Legacy 600 Lineage 1000 Seats / Range up to 8 occupants/ 1,178 nm up to 11 occupants/ 1,971 nm 7 to 9 passengers/ 2,300 nm 8 to 12 passengers/ 3,000 nm 13 to 14 passengers/ 3,400 nm 13 to 19 passengers/ 4,500 nm Entry Light Mid-light Mid-size Ultra-large Super Mid-Size Certified: 2008 Certified: 2009 Under development Certified: 2001 Certified: 2008 Ultra-Long Range Competitors Cessna - Mustang CJ1+/M2 HondaJet Cessna - CJ2+/CJ3/CJ4 Hawker - PremierIA/400XP Bombardier - Learjet 40XR SyberJet - SJ30 Bombardier - Learjet 45XR Cessna - XLS+/Latitude Hawker 750 Bombardier - Learjet 60XR/85 Cessna - Sovereign Hawker - H900XP Gulfstream – G150 Bombardier - CL605/GL5000 Dassault - Falcon 2000/900LX Gulfstream - G350/G450 Airbus - ACJ 318/319/320 Boeing – BBJ/BBJ2/BBJ3 SSJ VIP/ ARJ21B / An-148VIP Legacy 650 13 to 14 passengers/ 3,900 nm Certified: 2010 Bombardier - GL XRS Gulfstream – G500/G550/G650 Dassault – Falcon 7X Bombardier - CL300/CL850 Cessna - X/Ten Dassault - Falcon 2000S Gulfstream - G200/G280 Hawker - H4000

20. Market Share 25% 24% 22% 21% 20% 33% 35% 37% 40% 33% 7% 7% 7% 6% 9% 12% 13% 13% 14% 11% 2.7% 3.1% 3.5% 3.3% 14% 19% 16% 16% 14% 11% 2% 3% 2% 1% 2% 2005 2006 2007 2008 2009 % OEM Share – Total units 749 885 1,040 1,154 870 Others Hawker-Beech Embraer Gulfstream Dassault Cessna Bombardier Deliveries share (units) Revenues share (US$ - based on B&CA list prices) Market Deliveries 2010: 763 units. Embraer Deliveries: 145 units. Market Revenues 2010: $18.2 Bi. Embraer Revenues: $1.1 Bi. 30% 29% 28% 29% 28% 16% 16% 17% 18% 12% 11% 11% 12% 12% 18% 23% 23% 23% 24% 21% 3.5% 3.9% 4.7% 4.2% 6.4% 10% 9% 8% 8% 8% 5% 8% 6% 5% 6% 2005 2006 2007 2008 2009 % OEM Share – Total Revenues US$ $13.2Bi $16.6Bi $19.3Bi $22.2Bi $17.2Bi 2010 763 6.9% 2010 $18.2Bi 19% 27% 7% 22% 21% 6% 10% 20% 23% 12% 13% 10% 3%

21. New Jets Deliveries Values (Units) 2012-2021 Forecast Sustained Growth 2012-2021  11,275 units Downturn 2012-2021  9,125 units 2012-21 Market Forecast World Deliveries 9,125 ~ 11,275 jets US$ 210 ~ 260 billion over the next 10 years 

22. Forecast New bizjet deliveries (Units) 2012-21 Market Forecast World Deliveries 11,275 jets US$ 260 billion over the next 10 years  ULTRA LARGE ULTRA-LONG RANGE LARGE SUPER MID-SIZE MID-SIZE MID-LIGHT LIGHT ENTRY*

23. North America EMB >170 a/c EMEA EMB >150 a/c Asia Pacific EMB ~20 a/c Brazil EMB 90 a/c Latin America EMB ~100 a/c 2012-21 Market Forecast and Embraer Actual Fleet Distribution 5,265 a/c (47%) US$ 109 Bi (42%) 905 a/c (8%) US$ 16 Bi (6%) 550 a/c (5%) US$ 8 Bi (3%) 3,415 a/c (30%) US$ 88 Bi (34%) 1,690 a/c (15%) US$ 48 Bi (18%)

24. 2010 Business Jets Traffic US/FAA Bizjet Flight Activity European Bizjet Flight Activity 2005 2007 2006 2004 2008 2009 2010 130 140 150 160 170 180 190 200 210 220 230 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 2005 2007 2006 2004 2008 2009 25 30 35 40 45 50 55 60 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011

25. Pre-owned Inventory: Recovering Business Jets For Sale

26. Presence in more than 40 countries.

27. Defense and Security Portfolio ISR (Intelligence, Surveillance and Reconnaissance) Advanced Training and Light Attack Transport of Authorities Modernization Programs Command and Control Systems Military Tactical Transport Services

28. Super Tucano • Firm orders: 180 aircraft • Brazil: 99 • Colombia: 25 • Dominican Republic: 8 • Chile: 12 • Ecuador: 18 • Indonesia: 8 • XE Aviation: 1 • Undisclosed: 9 • Deliveries: 156 aircraft • To be delivered: 24 aircraft • Prospects: • Latin America • South East Asia • USA • Africa

29. Entering the “Joint Definition Phase” Market Forecast 2025: 700 aircraft / US$ 50+ bi New tactical military transport aircraft Payload: 23 ton / Range: 1400 nm Brazil, Chile, Colombia, Portugal, Czech Republic and Argentina signed LOI for up to 60 KC-390 aircraft. Length: 33.81 m (110.9 ft) Wingspan: 35.06 m (115.0 ft) Height: 10.26 m (33.7 ft) EMBRAER KC-390

30. EMBRAER KC-390 Main Partners Selected DRS Defense: cargo handling and aerial delivery system (CHS/ADS). Messier-Bugatti-Dowty : wheels, brakes, landing gear extension and retraction system, and nose wheel steering manifold. Goodrich: primary flight control system (electro-hydrostatic actuators, electro-backup hydrostatic actuators, actuator electronics, and electrical controls). Rockwell Collins : Pro Line Fusion avionics. ELEB: landing gears. Liebherr-Aerospace: environmental and cabin pressure control systems. Esterline : autothrottle system. IAE: V2500 engine. BAE Systems: fly-by-wire flight control systems (computers and electronics).

31. Acquisition of Atech Negócios em Tecnologias S.A. (50%) C4I Systems Commercial Agreement Small UAV Acquisition of OrbiSat da Amazônia S.A radar´s division Remote sensing and surveillance radars (ground, air and maritime) Elbit /AEL joint-venture to form a new company with Embraer Defense and Security majority participation UAS, simulators and modernization of avionics systems Harpia Acquisitions and Partnerships

32. Brazilian Army Priorities SISFRON Integrated Borders Monitoring System Estimate: US$ 4 Billion Comprising radars, communication networks, C4I, unmanned air vehicles (UAV) and armored vehicles

33. Revenues by Region - 2010

35. Outlook 2011 Outlook US$ 465 million Net Revenues EBIT EBIT margin US$ 5.6 – 5.8 billion 8.0% - 8.3% US$ 700 million EBITDA EBITDA margin 12.0% - 12.5%

36. Research Development US$ 90 million US$ 160 million CAPEX US$ 200 million 2011 Outlook Outlook US$ Million YTD Outlook

37. Financial Results IFRS

38. Net Revenues / SG&A Expenses Net Revenues - US$ Million Net Revenues Gross Margin SG&A Expenses - US$ Million Selling Expenses G&A Expenses Guidance 2011 - Net Revenues: US$ 5.6 - 5.8 billion 142 167 173 172 151

39. Income from Operations / EBITDA EBIT EBIT Margin Income from Operations - US$ Million EBITDA EBITDA Margin EBITDA - US$ Million EBIT: US$ 465 million EBIT Margin: 8.0% - 8.3% 2011 Outlook - EBITDA: US$ 700 million EBITDA Margin: 12.0% - 12.5% 2011 Outlook -

40. Net Income / Free Cash Flow Net Income - US$ Million Free Cash Flow - US$ Million Net Income Net Margin

41. Indebtedness Profile / Net Cash Indebtedness Maturity Net Cash - US$ Million Long-term Short-term Loans Average Maturity (Years) Total Debt 3Q11: US$ 1.8 Billion Total Cash 3Q11: US$ 2.0 Billion

43. 2010 Accomplishments 10th anniversaries: NYSE Euronext listing. Presence in China, Singapore and GPX. Embraer elected for the 3rd consecutive year, one of the best companies to work for in Brazil. Embraer selected as Gold Class on the DJSI and also on the ISE.

44. Lean Results: E-Jets Final Assembly Line Transformation

45. Automation Initiatives 2010 Automation initiatives continues in 2011…

46. Sustainability Initiatives Brazilian Alliance for Bio-fuel Reforestation Projects ISO 14001 and OHSAS 18001 Certifications Sustainability Initiatives 1st ethanol powered aircraft in the World Ipanema Recycling Corporate Values Greener Technology Social Activities

47. Ownership Structure 723,665,044 Voting Shares September, 2011

48. Investors’ Return Pay Out EPADS 2006-2008: US GAAP 2009-2010: IFRS * EPADS and Pay Out Dividend Yield (%)

50. 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.