2001 - Financial Results 3 Q Corporate Law

3rd. Quarter 2001Results

November 14, 2001

3rd. Quarter 2001Results

November 14, 2001

HIGHLIGHTSHIGHLIGHTS

• Deliveries of 41 jets of the ERJ 135/140/145 family during the third quarter, including the delivery of 13 aircraft after September 11.

• The first ERJ 140 aircraft was delivered on July 12, 2001.

• On August 8, 2001 the Brazilian Air Force (FAB) placed 76 firm orders and 23 options for ALX aircraft.

• On August 13, 2001, Midwest signed a contract to purchase 20 ERJ 140 jets and 20 options for the same aircraft.

• The government of the Dominican Republic ordered 10 Super Tucanoaircraft on August 20, 2001.

HIGHLIGHTSHIGHLIGHTS

• A contract to supply one Legacy was signed on August 22, 2001 with the government of Greece.

• As a result of the terrorist attacks in the United States on September 11, Embraer announced certain adjustments to its production and a staff reduction of 1,800 employees, in order to adapt to the new worldwide economic situation and maintain its healthy economic and financial situation, as well as preserving the company's technological and industrial capabilities.

• Backlog totaled US$ 23.9 billion, of which US$ 11.2 billion were firm orders and US$ 12.7 billion were options.

• Embraer is the largest brazilian exporter, with US$2.3 billion in exports and a net contribution to the brazilian trade balance of US$ 750 million

Jet DeliveriesJet Deliveries

34 39 43

116

44 44 41

127

42

0

20

40

60

80

100

120

140

1Q00 2Q00 3Q00 9M00 4Q00 1Q01 2Q01 3Q01 9M01

Net RevenueNet Revenue

583 651766 772 838 775

2,369

2,009

756

0

1.000

2.000

3.000

1Q00 2Q00 3Q00 9M00 4Q00 1Q01 2Q01 3Q01 9M01

US$ Million – Corporate Law

US

$ M

M

Revenue Breakdown – September 2001Revenue Breakdown – September 2001

International97%

Brazil3%

Revenue by Market

Revenue by Segment

C o m m e r c i a l

8 7 %

D e f e n s e

5 %

C o r p o r a t e

2 %

S p a r e P a r t s

& S e r v i c e s

6 %

Gross ProfitGross Profit

170 188260

620

246

380 344

1.027

299

43.3%

44.3%

45.3%

39.5%

31.8%29.1% 28.9%

30.9%33.9%

0

500

1.000

1.500

1Q00 2Q00 3Q00 9M00 4Q00 1Q01 2Q01 3Q01 9M01

0 %

10%

20%

30%

40%

50%

US$ Million – Corporate Law

US

$ M

M

Mar

gin

%

US$ Million – Corporate Law

EBITEBIT

715

242261

137177

1029 9

379

209

30.1%

31.2%

31.1%

23.0%

18.9%

15.6%17.0% 17.8%

27.6%

0

200

400

600

800

1.000

1Q00 2Q00 3Q00 9M00 4Q00 1Q01 2Q01 3Q01 9M01

0 %

10%

20%

30%

US

$ M

M

Mar

gin

%

US$ Million – Corporate Law

EBITDAEBITDA

119 119

199

439

158

282 259

774

231

32.7%

33.4%

33.6%

26.0%

21.9%

18.3%

20.4% 20.4%

30.5%

0

200

400

600

800

1.000

1Q00 2Q00 3Q00 9M00 4Q00 1Q01 2Q01 3Q01 9M01

0 %

5 %

10%

15%

20%

25%

30%

35%

US

$ M

M

Mar

gin

%

US$ Million – Corporate Law

Net IncomeNet Income

5 5 6 2104

222

128

354

9 9

148

108

15.0%

12.8%

17.6%

13.5%

11.0%

9.5%9.4%

16.6%

14.3%

0

200

400

600

1Q00 2Q00 3Q00 9M00 4Q00 1Q01 2Q01 3Q01 9M01

0 %

5 %

10%

15%

20%

US

$ M

M

Mar

gin

%

Short Term

82%

Long Term

18%

Total Debt US$ 754.9 Million

Foreign Currency

95%

Local Currency -

R$ - 5%

Debt BreakdownDebt Breakdown

US$ Million

Net Cash (Debt)

129

(208)

696749732

108

(37)

($400)

($200)

$ 0

$200

$400

$600

$800

1T00 2T00 3T00 4T00 1T01 2T01 3T01

BacklogBacklogU

S$

Bi

11.210.710.911.410.98.67.7

12.712.812.8

12.2

10.6

12.012.6

20.8

22.9 23.7 23.5 23.924.0

1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01

Firm Opt ions

18.3

US$ Billion

US$23.9 Billion in Total Backlog, including US$ 11.2 Billion in Firm Backlog

Backlog Summary Backlog Summary

Total Jets 1.019 4 76 543 653Total Jets 1.019 4 76 543 653

S e p t e m b e r 2 0 0 1S e p t e m b e r 2 0 0 1

Firm Deliveries Firm Options

Orders Backlog

Firm Deliveries Firm Options

Orders Backlog

ERJ 135/140/145 859 471 388 407ERJ 135/140/145 859 471 388 407

Embraer 170/175/190/195 112 0 112 202

Corporate 48 5 43 44

Embraer 170/175/190/195 112 0 112 202

Corporate 48 5 43 44