Embraer 1 q15_results_final (1)

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1st QUARTER 2015 EARNINGS RESULTS

APRIL 30, 2015

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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

FORWARD LOOKING STATEMENT

This information is property of Embraer and can not be used or reproduced without written permission. 3

DELIVERY OF 20 E-JETS IN 1Q15.

DELIVERY OF FIRST E175 TO AMERICAN AIRLINES (2013 ORDER FOR 60 E-JETS).

KLM/AIR FRANCE ORDER FOR UP TO 34 E-JETS.

REPUBLIC AIRWAYS ORDER FOR FIVE ADDITIONAL E175 JETS.

KALSTAR AVIATION BECAME FIRST E-JET OPERATOR IN INDONESIA.

E-JETS E2 RECEIVED CRYSTAL CABIN AWARD (LARGER BIN & INDIVIDUAL SEATS).

HIGHLIGHTS

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HIGHLIGHTS

DELIVERY OF 12 EXECUTIVE JETS (10 LIGHT AND 2 LARGE) IN 1Q15.

LEGACY 450 PROGRAM ADVANCES WITH ENTRY INTO SERVICE IN 4Q15.

LEGACY 500 ELECTED “2014 EDITORS' CHOICE AWARD” BY FLYING MAGAZINE AND FINALIST FOR “LAUREATE AWARD” AND “COLLIER TROPHY”.

This information is property of Embraer and can not be used or reproduced without written permission. 5

HIGHLIGHTS

FIRST FLIGHT OF KC-390.

U.S. AIR FORCE RECEIVED TWO ADDITIONAL A-29 SUPER TUCANOS.

PARTNERSHIP SIGNED WITH SAAB FOR BRAZIL’S FIGHTER PROGRAM.

CRITICAL DESIGN REVIEW REPORT OF BRAZIL’S SATELLITE SUCCESSFULLY COMPLETED.

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FINANCIAL RESULTS

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FIRM ORDER BACKLOG

US$ BILLION

19.2 18.1

22.1 20.9 20.4

1Q14 2Q14 3Q14 4Q14 1Q15

7

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LARGE JETS - LEGACY & LINEAGE LIGHT JETS - PHENOM

2015 DELIVERY OUTLOOK • 95 - 100 E-JETS • 35 - 40 EXECUTIVE LARGE JETS • 80 - 90 EXECUTIVE LIGHT JETS

3 7 014

2

17

22

15

38

10

1Q14 2Q14 3Q14 4Q14 1Q15

14

29

19

30

20

1Q14 2Q14 3Q14 4Q14 1Q15

AIRCRAFT DELIVERIES

8

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394 357 346 359213

1Q14 2Q14 3Q14 4Q14 1Q15

267421

213

690

167

1Q14 2Q14 3Q14 4Q14 1Q15

555

972

661

976

662

1Q14 2Q14 3Q14 4Q14 1Q15

1,242

1,761

1,240

2,046

1,056

1Q14 2Q14 3Q14 4Q14 1Q15

NET REVENUES BY SEGMENT

2015 OUTLOOK US$ 1.70 – 1.85 BILLION

2015 OUTLOOK US$ 1.10 – 1.25 BILLION

2015 OUTLOOK US$ 3.20 – 3.40 BILLION

2015 OUTLOOK US$ 6.10 – 6.60 BILLION

9

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US$ MILLION R$ MILLION

10

NET REVENUES - CONSOLIDATED

2015 OUTLOOK: US$ 6.1 – 6.6 BILLION

2,929

3,929

2,827

5,251

3,068

1Q14 2Q14 3Q14 4Q14 1Q15

1,242

1,761

1,240

2,046

1,056

1Q14 2Q14 3Q14 4Q14 1Q15

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

219257

226289

248

113

118118

141

124

1Q14 2Q14 3Q14 4Q14 1Q15

430

372

332 344 375

SELLING EXPENSES G&A EXPENSES

11

SG&A EXPENSES

US$ MILLION R$ MILLION

92115

99113

86

48

53

52

55

43

1Q14 2Q14 3Q14 4Q14 1Q15

151

168 168

140 129

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

215

417

157

515

229

7.4%

10.6%

5.6%

9.8%7.5%

1Q14 2Q14 3Q14 4Q14 1Q15

92

187

68

196

80

7.4%

10.6%

5.5%

9.6%7.5%

1Q14 2Q14 3Q14 4Q14 1Q15

12

INCOME FROM OPERATIONS (EBIT)

2015 OUTLOOK: US$ 490 – 560 MILLION | 8.0% – 8.5%

US$ MILLION R$ MILLION

EBIT EBIT MARGIN

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

151

261

136

281

149

12.2%

14.8%

11.0%

13.8% 14.1%

1Q14 2Q14 3Q14 4Q14 1Q15

13

EBITDA

2015 OUTLOOK: US$ 730 – 860 MILLION | 12.0% – 13.0%

US$ MILLION R$ MILLION

EBITDA EBITDA MARGIN

355

583

311

732

429

12.1%

14.8%

11.0%

13.9% 14.0%

1Q14 2Q14 3Q14 4Q14 1Q15

This information is property of Embraer and can not be used or reproduced without written permission. 14

NET INCOME

US$ MILLION R$ MILLION

NET MARGIN NET INCOME

259 320

(24)

242

(196)

8.8%8.1%

-0.9%

4.6%

-6.4%

1Q14 2Q14 3Q14 4Q14 1Q15

111 143

(11)

91

(62)

8.9% 8.1%

-0.9%

4.5%

-5.9%

1Q14 2Q14 3Q14 4Q14 1Q15

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2,542 2,439

2,767

2,405

2,696

1Q14 2Q14 3Q14 4Q14 1Q15

15

INVENTORIES

US$ MILLION

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1Q14 2Q14 3Q14 4Q14 1Q15

NET CASH GENERATED (USED) BY OPERATING ACTIVITIES* (273) 13 49 507 (292)

NET ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (48) (60) (89) (87) (57)

ADDITIONS TO INTANGIBLE ASSETS (83) (103) (97) (132) (91)

FREE CASH FLOW (404) (150) (138) 288 (440)

(273)

13 49

507

(292)

(48)

(60) (89) (87)

(57)(83)

(103)(97) (132)

(91)

(404)

(150) (138)

288

(440)

1Q14 2Q14 3Q14 4Q14 1Q15

16

FREE CASH FLOW

* Net of Financial assets adjustment

US$ MILLION

2015 OUTLOOK: FCF > (US$ 100) MILLION

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7 2772

50

300 300

RESEARCH DEVELOPMENT CAPEX

2015 OUTLOOK: US$ 650 MILLION

2015 OUTLOOK 2015 YTD

17

INVESTMENTS

US$ MILLION

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96% 96% 96% 96%89%

4% 4% 4% 4% 11%

5.95.7 5.6 5.4 5.3

1Q14 2Q14 3Q14 4Q14 1Q15

INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION

LONG-TERM SHORT-TERM LOANS AVERAGE MATURITY (YEARS)

18

INDEBTEDNESS PROFILE | NET CASH

TOTAL DEBT 1Q15: US$ 2.39 BILLION TOTAL CASH 1Q15: US$ 1.81 BILLION

53

(114)

(327)

(85)

(581)

1Q14 2Q14 3Q14 4Q14 1Q15

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INVESTOR RELATIONS

PHONE: +55 12 3927 4404 [email protected]

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