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OUTLOOK AND PERSPECTIVES
P3E RESULTS



        Kaizen - E-Jets Cycle Reduction                                                                  Cost of Non Quality Reduction


                          Lead Time (E-Jets)                                                                      Cost of Non Quality


                                                                                   40%                                                    44%




 2005        2006         2007         2008         2009        2010         2011                        2008            2009           2010




40% reduction on the production cycle                                                                           44% reduction on CNQ




 This information is the property of Embraer and cannot be used or reproduced without written consent.
“BOA IDÉIA” PROGRAM EVOLUTION


                                                                                                                                    28,3
               Cost: US$ 18.9 mi
                                                                                                                           22,7                           24,0
                                                                                                                                             22,7
               Benefit: US$ 175.5 mi


                                                                                                                  14,5
                                                                                                         12,7
                                       10,7                                              10,6
                         9,1                                             8,4
                                                          7,2

         3,5                                                                                                                      3,1
                                                                                                                1,6      2,5               2,2      2,5
                  0,9              1,2                                            1,6             1,3
  0,4                                              0,5             0,8

    2000            2001            2002            2003             2004            2005               2006     2007    2008     2009     2010     2011

This information is the property of Embraer and cannot be used or reproduced without written consent.
2011 RESULTS




This information is the property of Embraer and cannot be used or reproduced without written consent.
AIRCRAFT DELIVERIES


                    Commercial Jets                                                                                 Executive Jets




                                                                                                                                            126
                                  165                                                                                              98
                 133                               125                                                                                                83
103                                                                 101              105                                  2

                                                                                                               36        37
                                                                                                        27                         21       19        16

2006            2007             2008             2009              2010             2011               2006   2007      2008     2009      2010      2011



                                                                                                                      Light Jets - Phenom

                                                                                                                      Large Jets - Legacy & Lineage



This information is the property of Embraer and cannot be used or reproduced without written consent.
FIRM BACKLOG


            US$ Billion




                                                                                 20.9
                                                     18.8
                                                                                                        16.6   15.6   15.4
                        14.8




                        2006                         2007                        2008                   2009   2010   2011



This information is the property of Embraer and cannot be used or reproduced without written consent.
NET REVENUES


  US$ Million




                                                                                                                                   19%
                                                                                                                                           11%
                                                                    6,335
                                        5,245                                                  5,498          5,364                          13%
                                                                                                                               57%
             3,760


                                                                                                                               Commercial aviation
                                                                                                                               Executive aviation
              2006                       2007                        2008                      2009*          2010*   2011E*   Defense and security
                                                                                                                               Aviation Serv./Others




                                             Outlook 2011: US$ 5.6 – 5.8 billion
 2006-2008: USGAAP
* 2009-2011: IFRS
      This information is the property of Embraer and cannot be used or reproduced without written consent.
INCOME FROM OPERATIONS - EBIT

                                   US$ Million

                                         9.1%                                                 8.5%                       7.3%
                                                                     7.1%                                     6.9%




                                                                                               537

                                                                        374                                   381         392
                                                343




                                                2006                   2007                    2008           2009*       2010*   2011E*
                                                                                              EBIT              EBIT Margin




                                                                                                     EBIT: US$ 465 million
                                  2011 Outlook:                                                      EBIT Margin: 8.0% – 8.3%
 2006-2008: USGAAP
* 2009-2011: IFRS
      This information is the property of Embraer and cannot be used or reproduced without written consent.
2012 OUTLOOK




This information is the property of Embraer and cannot be used or reproduced without written consent.
2012 OUTLOOK

                                    Expected deliveries: 105 to 110 commercial jets,
                                       75 to 85 light jets and 15 to 20 large jets.



                               Net Revenues                                                      US$ 5.8 – 6.2 billion



                                                                                  20%
                                                                                                         Commercial aviation
                                                                                                 16%
                                                                                                         Executive aviation

                                                                  62%                               2%   Defense and security
                                                                                                         Others




This information is the property of Embraer and cannot be used or reproduced without written consent.
2012 OUTLOOK




                                  EBIT margin                                                           8.0% – 8.5%




                                EBITA margin                                                            11.5% – 12.5%




This information is the property of Embraer and cannot be used or reproduced without written consent.
2012 OUTLOOK


                                   Research                                             US$ 100 million
                                                                                                                               TOTAL
                            Development                                                 US$ 350 million
                                                                                                                             US$ 650
                                       CAPEX                                             US$ 200 million                     million

                                                                                                                         10%
                                                     9%
                            US$ Million
                                                                                                                       200
                                                                        7%                                     6%

                                                                                          5%                                     CAPEX
                                                  209                                                   4%
                                                                      235                                                        R&D
                                                                                                               163
                                                                                                                       450       Investment/Revenue
                                                                                         104            74
                                                  260
                                                                      197                                      210
                                                                                         144            151


                                                  2007               2008               2009            2010   2011E   2012E
This information is the property of Embraer and cannot be used or reproduced without written consent.
Investor Relations
                                                                                                          Phone: +55 12 3927 4404
                                                                                                        investor.relations@embraer.com.br

                                                                                                           www.embraer.com




This information is the property of Embraer and cannot be used or reproduced without written consent.

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FFC RI Embraer Day 2012

  • 2. P3E RESULTS Kaizen - E-Jets Cycle Reduction Cost of Non Quality Reduction Lead Time (E-Jets) Cost of Non Quality 40% 44% 2005 2006 2007 2008 2009 2010 2011 2008 2009 2010 40% reduction on the production cycle 44% reduction on CNQ This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 3. “BOA IDÉIA” PROGRAM EVOLUTION 28,3 Cost: US$ 18.9 mi 22,7 24,0 22,7 Benefit: US$ 175.5 mi 14,5 12,7 10,7 10,6 9,1 8,4 7,2 3,5 3,1 1,6 2,5 2,2 2,5 0,9 1,2 1,6 1,3 0,4 0,5 0,8 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 4. 2011 RESULTS This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 5. AIRCRAFT DELIVERIES Commercial Jets Executive Jets 126 165 98 133 125 83 103 101 105 2 36 37 27 21 19 16 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 Light Jets - Phenom Large Jets - Legacy & Lineage This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 6. FIRM BACKLOG US$ Billion 20.9 18.8 16.6 15.6 15.4 14.8 2006 2007 2008 2009 2010 2011 This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 7. NET REVENUES US$ Million 19% 11% 6,335 5,245 5,498 5,364 13% 57% 3,760 Commercial aviation Executive aviation 2006 2007 2008 2009* 2010* 2011E* Defense and security Aviation Serv./Others Outlook 2011: US$ 5.6 – 5.8 billion 2006-2008: USGAAP * 2009-2011: IFRS This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 8. INCOME FROM OPERATIONS - EBIT US$ Million 9.1% 8.5% 7.3% 7.1% 6.9% 537 374 381 392 343 2006 2007 2008 2009* 2010* 2011E* EBIT EBIT Margin EBIT: US$ 465 million 2011 Outlook: EBIT Margin: 8.0% – 8.3% 2006-2008: USGAAP * 2009-2011: IFRS This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 9. 2012 OUTLOOK This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 10. 2012 OUTLOOK Expected deliveries: 105 to 110 commercial jets, 75 to 85 light jets and 15 to 20 large jets. Net Revenues US$ 5.8 – 6.2 billion 20% Commercial aviation 16% Executive aviation 62% 2% Defense and security Others This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 11. 2012 OUTLOOK EBIT margin 8.0% – 8.5% EBITA margin 11.5% – 12.5% This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 12. 2012 OUTLOOK Research US$ 100 million TOTAL Development US$ 350 million US$ 650 CAPEX US$ 200 million million 10% 9% US$ Million 200 7% 6% 5% CAPEX 209 4% 235 R&D 163 450 Investment/Revenue 104 74 260 197 210 144 151 2007 2008 2009 2010 2011E 2012E This information is the property of Embraer and cannot be used or reproduced without written consent.
  • 13. Investor Relations Phone: +55 12 3927 4404 investor.relations@embraer.com.br www.embraer.com This information is the property of Embraer and cannot be used or reproduced without written consent.