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This information is property of Embraer and can not be used or reproduced without written permission.
4Q14 & FY 2014
EARNINGS RESULTS
MARCH 5th, 2015
This information is property of Embraer and can not be used or reproduced without written permission.
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.
HIGHLIGHTS
CELEBRATION OF 45TH ANNIVERSARY ON AUGUST 19TH.
LISTED FOR THE 5TH CONSECUTIVE YEAR ON THE DJSI AND ALSO ON THE ISE.
WINNER OF THE NATIONAL BRAZILIAN QUALITY AWARD (PNQ), PRESENTED BY THE
NATIONAL QUALITY FOUNDATION (FNQ).
AWARDED AND RECOGNIZED AS ONE OF THE BEST COMPANIES IN BRAZIL AND
ABROAD IN SEVERAL CATEGORIES.
3
This information is property of Embraer and can not be used or reproduced without written permission.
HIGHLIGHTS 4Q14
4
DELIVERY OF 30 E-JETS.
1,100TH E-JET PRODUCTION AIRCRAFT DELIVERED TO AEROMEXICO AIRLINES.
SKYWEST ORDER FOR SEVEN E175 JETS.
FIRST METAL CUT OF THE E-JETS E2.
This information is property of Embraer and can not be used or reproduced without written permission.
HIGHLIGHTS
5
DELIVERY OF 92 E-JETS IN 2014.
258 E-JETS (E1&E2) SOLD AND COMMITMENTS IN 2014.
590 E-JETS E2 COMMITMENTS.
1,549 ORDERS WITH A CUSTOMER BASE OF 65 AIRLINES IN 45 COUNTRIES.
LEADERSHIP IN THE COMMERCIAL JETS SEGMENT FROM 70 TO 130 SEATS.
This information is property of Embraer and can not be used or reproduced without written permission.
HIGHLIGHTS 4Q14
6
DELIVERY OF 52 EXECUTIVE JETS (38 LIGHT AND 14 LARGE JETS).
CONVERSION OF 10 PHENOM 300 OPTIONS INTO FIRM ORDERS FROM NETJETS.
DELIVERY OF THE FIRST THREE LEGACY 500s.
This information is property of Embraer and can not be used or reproduced without written permission.
HIGHLIGHTS
7
DELIVERY OF 116 EXECUTIVE JETS (92 LIGHT AND 24 LARGE JETS) IN 2014.
LEGACY 500 CERTIFIED IN BRAZIL, US, EUROPE AND AUSTRALIA.
PHENOM 300 WAS THE MOST DELIVERED EXECUTIVE JET FOR THE SECOND
CONSECUTIVE YEAR (73 UNITS).
FIRST PLACE IN CUSTOMER SUPPORT IN THE ANNUAL SURVEY BY AIN MAGAZINE.
This information is property of Embraer and can not be used or reproduced without written permission.
HIGHLIGHTS 4Q14
8
28 KC-390 SOLD TO THE BRAZILIAN AIR FORCE.
MOU WITH SAAB FOR BRAZIL´S F-X2 PROJECT.
DELIVERY OF THE FIRST FOUR A-29 SUPER TUCANOs TO THE U.S. AIR FORCE.
This information is property of Embraer and can not be used or reproduced without written permission.
HIGHLIGHTS
9
DEFENSE & SECURITY REVENUES OF US$ 1.5 BILLION.
FIRST FLIGHT OF EMBRAER KC-390.
SISFRON PROJECT’S OPERATIONS INAUGURATION.
CONTRACTS WITH THE BRAZILIAN GOVERNMENT TO SUPPLY RADARS
AND OPERATION CENTER UNITS.
CRITICAL DESIGN REVIEW OF THE BRAZILIAN GEOSTATIONARY SATELLITE.
NEW ATM SYSTEMS FOR BRAZILIAN AND INDIAN GOVERNMENT.
This information is property of Embraer and can not be used or reproduced without written permission.
FINANCIAL RESULTS
This information is property of Embraer and can not be used or reproduced without written permission.
FIRM ORDER BACKLOG
US$ BILLION
18.2 19.2 18.1
22.1 20.9
4Q13 1Q14 2Q14 3Q14 4Q14
11
COMMERCIAL
AVIATION
DEFENSE
& SECURITY
EXECUTIVE
AVIATION
This information is property of Embraer and can not be used or reproduced without written permission.
AIRCRAFT DELIVERIES
LARGE JETS - LEGACY & LINEAGE
LIGHT JETS - PHENOM
2014 DELIVERIES OUTLOOK
• 92 - 97 E-JETS
• 25 - 30 EXECUTIVE LARGE JETS
• 80 - 90 EXECUTIVE LIGHT JETS
12
101 105 106
90 92
2010 2011 2012 2013 2014
19 16 22 29 24
126
83 77 90 92
2010 2011 2012 2013 2014
This information is property of Embraer and can not be used or reproduced without written permission.13
NET REVENUES
2014 OUTLOOK: US$ 6.0 – 6.5 BILLION
5,364
5,791 6,167 6,235 6,289
2010 2011 2012 2013 2014
US$ MILLION
This information is property of Embraer and can not be used or reproduced without written permission.
24% 29%
48%
31% 22%
14%
14% 21%
21%3%
8%
3%
14%
6%
4%5% 9% 4%
9% 5% 6%
2012 2013 2014
61%
53% 50%
21%
27%
26%
17% 19% 23%
1% 1% 1%
2012 2013 2014
REVENUES BREAKDOWN
NET REVENUES BY SEGMENT NET REVENUES BY REGION
COMMERCIAL AVIATION
EXECUTIVE AVIATION OTHERS
DEFENSE & SECURITY
Revenues
US$ Billion 6.17 6.24 6.29
Revenues
US$ Billion6.17 6.24 6.29
NORTH AMERICA BRAZIL
EUROPE
ASIA PACIFIC
SOUTH & CENTRAL
AMERICA
AFRICA &
MIDDLE EAST
CHINA
14
This information is property of Embraer and can not be used or reproduced without written permission.
US$ MILLION R$ MILLION
15
NET REVENUES
5,296
2,929
3,929
2,827
5,251
4Q13 1Q14 2Q14 3Q14 4Q14
2,304
1,242
1,761
1,240
2,046
4Q13 1Q14 2Q14 3Q14 4Q14
2014: 14,9362014: 6,289
This information is property of Embraer and can not be used or reproduced without written permission.16
US$ MILLION
SG&A EXPENSES
SELLING EXPENSESG&A EXPENSES EXPENSES / NET REVENUES
374 419
480 454 420
198
261
279
211
208
11% 12% 12% 11% 10%
2010 2011 2012 2013 2014
This information is property of Embraer and can not be used or reproduced without written permission.
258
219
257
226
289
120
113
118
118
141
4Q13 1Q14 2Q14 3Q14 4Q14
344
430
378 375
332
SELLING EXPENSESG&A EXPENSES
17
SG&A EXPENSES
US$ MILLION R$ MILLION
113
92
115
99 113
52
48
53
52
55
4Q13 1Q14 2Q14 3Q14 4Q14
168
151
140
165 168
2014: 1,4812014: 627
This information is property of Embraer and can not be used or reproduced without written permission.
392
318
612
713
543
7.3%
5.5%
9.9%
11.4%
8.6%
2010 2011 2012 2013 2014
9.1%
2014 OUTLOOK: EBIT: US$ 540 – 620 MILLION
EBIT MARGIN: 9.0% – 9.5%
18
INCOME FROM OPERATIONS (EBIT)
US$ MILLION
EBIT EBIT MARGIN
566
EXCLUDING AMR EFFECT
713
This information is property of Embraer and can not be used or reproduced without written permission.
1,068
215
417
157
515
20.2%
7.4%
10.6%
5.6%
9.8%
4Q13 1Q14 2Q14 3Q14 4Q14
463
92
187
68
196
20.1%
7.4%
10.6%
5.5%
9.6%
4Q13 1Q14 2Q14 3Q14 4Q14
19
INCOME FROM OPERATIONS (EBIT)
US$ MILLION R$ MILLION
EBIT EBIT MARGIN
2014: 1,304 | 8.7%2014: 543 | 8.6%
316 723
13.7%
EXCLUDING AMR EFFECT
13.7%
This information is property of Embraer and can not be used or reproduced without written permission.
13.8%
2014 OUTLOOK: EBITDA: US$ 780 – 910 MILLION
EBITDA MARGIN: 13.0% – 14.0%
20
EBITDA
US$ MILLION
EBITDA EBITDA MARGIN
611 557
891
1,004
830
11.4%
9.6%
14.4%
16.1%
13.2%
2010 2011 2012 2013 2014
EXCLUDING AMR EFFECT
1,004
857
This information is property of Embraer and can not be used or reproduced without written permission.
544
151
261
136
281
23.6%
12.2%
14.8%
11.0%
13.8%
4Q13 1Q14 2Q14 3Q14 4Q14
21
EBITDA
US$ MILLION R$ MILLION
EBITDA EBITDA MARGIN
2014: 1,981 | 13.3%2014: 830 | 13.2%
1,253
355
583
311
732
23.7%
12.1%
14.8%
11.0%
13.9%
4Q13 1Q14 2Q14 3Q14 4Q14
EXCLUDING AMR EFFECT
17.3% 17.2%
397
909
This information is property of Embraer and can not be used or reproduced without written permission.22
NET INCOME
US$ MILLION
NET MARGINNET INCOME
330
112
348 342 335
6.2%
1.9%
5.6% 5.5% 5.3%
2010 2011 2012 2013 2014
This information is property of Embraer and can not be used or reproduced without written permission.23
NET INCOME
US$ MILLION R$ MILLION
NET MARGINNET INCOME
2014: 796 | 5.3%2014: 335 | 5.3%
607
259 320
(24)
242
11.5%
8.8% 8.1%
-0.9%
4.6%
4T13 1T14 2T14 3T14 4T14
265
111
143
(11)
91
11.5%
8.9% 8.1%
-0.9%
4.5%
4Q13 1Q14 2Q14 3Q14 4Q14
This information is property of Embraer and can not be used or reproduced without written permission.24
EPADS & PAY OUT
US$
PAY OUTEPADS
1.83
0.62
1.92 1.88 1.82
34%
116%
26% 26% 27%
2010 2011 2012 2013 2014
This information is property of Embraer and can not be used or reproduced without written permission.25
INVENTORIES
US$ MILLION
2,198
2,288
2,157
2,287
2,405
2010 2011 2012 2013 2014
This information is property of Embraer and can not be used or reproduced without written permission.
47
230
153
80
320
250
RESEARCH DEVELOPMENT CAPEX
2014 OUTLOOK: US$ 650 MILLION
2014 OUTLOOK2014
26
INVESTMENTS
US$ MILLION 2014: 430
This information is property of Embraer and can not be used or reproduced without written permission.
4Q13 1Q14 2Q14 3Q14 4Q14 2014
NET CASH GENERATED (USED) BY OPERATING ACTIVITIES* 761 (273) 13 49 507 296
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (156) (48) (60) (89) (87) (284)
ADDITIONS TO INTANGIBLE ASSETS (109) (83) (103) (97) (132) (415)
FREE CASH FLOW 496 (404) (150) (138) 288 (404)
761
(273)
13 49
507
(156)
(48)
(60) (89) (87)
(109)
(83)
(103) (97) (132)
496
(404)
(150) (138)
288
4Q13 1Q14 2Q14 3Q14 4Q14
27
FREE CASH FLOW
* Net of Financial assets adjustment
US$ MILLION 2014: (404)
This information is property of Embraer and can not be used or reproduced without written permission.
96% 96% 96% 96% 96%
4% 4% 4% 4% 4%
6.2
5.9 5.7 5.6 5.4
4Q13 1Q14 2Q14 3Q14 4Q14
INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION
LONG-TERM SHORT-TERM
LOANS AVERAGE MATURITY (YEARS)
28
INDEBTEDNESS PROFILE | NET CASH
TOTAL DEBT 4Q14: US$ 2.51 BILLION TOTAL CASH 4Q14: US$ 2.42 BILLION
429
53
(114)
(327)
(85)
4Q13 1Q14 2Q14 3Q14 4Q14
This information is property of Embraer and can not be used or reproduced without written permission.
2015 OUTLOOK
This information is property of Embraer and can not be used or reproduced without written permission.
EBITDA MARGIN 12.0% – 13.0%
NET REVENUES
EBITDA
US$ 6.1 – 6.6 BILLION
US$ 730 – 860 MILLION
EBIT MARGIN 8.0% – 8.5%
EBIT US$ 490 – 560 MILLION
FCF > (US$ 100) MILLION*
30
2015 CONSOLIDATED OUTLOOK
* FCF USE OF LESS THAN US$ 100 MILLION.
This information is property of Embraer and can not be used or reproduced without written permission.
2015 BUSINESS UNITS OUTLOOK
31
18% OF NET REVENUES
2% OF NET REVENUES
28% OF NET REVENUES
52% OF NET REVENUES
DELIVERIES: 95 TO 100 E-JETS
US$ 100 MILLION
US$ 1.70 – 1.85 BILLION
US$ 1.10 – 1.25 BILLION
OTHER REVENUES
US$ 3.20 – 3.40 BILLION
DELIVERIES: 80 TO 90 LIGHT JETS
35 TO 40 LARGE JETS
This information is property of Embraer and can not be used or reproduced without written permission.
TOTAL INVESTMENTS: US$ 650 MILLION
RESEARCH US$ 50 MILLION
DEVELOPMENT US$ 300 MILLION
CAPEX US$ 300 MILLION
32
2015 INVESTMENT OUTLOOK
This information is property of Embraer and can not be used or reproduced without written permission.
INVESTOR RELATIONS
PHONE: +55 12 3927 4404
INVESTOR.RELATIONS@EMBRAER.COM.BR
WWW.EMBRAER.COM

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Embraer 4 q14_results_final (8)

  • 1. This information is property of Embraer and can not be used or reproduced without written permission. 4Q14 & FY 2014 EARNINGS RESULTS MARCH 5th, 2015
  • 2. This information is property of Embraer and can not be used or reproduced without written permission. 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
  • 3. This information is property of Embraer and can not be used or reproduced without written permission. HIGHLIGHTS CELEBRATION OF 45TH ANNIVERSARY ON AUGUST 19TH. LISTED FOR THE 5TH CONSECUTIVE YEAR ON THE DJSI AND ALSO ON THE ISE. WINNER OF THE NATIONAL BRAZILIAN QUALITY AWARD (PNQ), PRESENTED BY THE NATIONAL QUALITY FOUNDATION (FNQ). AWARDED AND RECOGNIZED AS ONE OF THE BEST COMPANIES IN BRAZIL AND ABROAD IN SEVERAL CATEGORIES. 3
  • 4. This information is property of Embraer and can not be used or reproduced without written permission. HIGHLIGHTS 4Q14 4 DELIVERY OF 30 E-JETS. 1,100TH E-JET PRODUCTION AIRCRAFT DELIVERED TO AEROMEXICO AIRLINES. SKYWEST ORDER FOR SEVEN E175 JETS. FIRST METAL CUT OF THE E-JETS E2.
  • 5. This information is property of Embraer and can not be used or reproduced without written permission. HIGHLIGHTS 5 DELIVERY OF 92 E-JETS IN 2014. 258 E-JETS (E1&E2) SOLD AND COMMITMENTS IN 2014. 590 E-JETS E2 COMMITMENTS. 1,549 ORDERS WITH A CUSTOMER BASE OF 65 AIRLINES IN 45 COUNTRIES. LEADERSHIP IN THE COMMERCIAL JETS SEGMENT FROM 70 TO 130 SEATS.
  • 6. This information is property of Embraer and can not be used or reproduced without written permission. HIGHLIGHTS 4Q14 6 DELIVERY OF 52 EXECUTIVE JETS (38 LIGHT AND 14 LARGE JETS). CONVERSION OF 10 PHENOM 300 OPTIONS INTO FIRM ORDERS FROM NETJETS. DELIVERY OF THE FIRST THREE LEGACY 500s.
  • 7. This information is property of Embraer and can not be used or reproduced without written permission. HIGHLIGHTS 7 DELIVERY OF 116 EXECUTIVE JETS (92 LIGHT AND 24 LARGE JETS) IN 2014. LEGACY 500 CERTIFIED IN BRAZIL, US, EUROPE AND AUSTRALIA. PHENOM 300 WAS THE MOST DELIVERED EXECUTIVE JET FOR THE SECOND CONSECUTIVE YEAR (73 UNITS). FIRST PLACE IN CUSTOMER SUPPORT IN THE ANNUAL SURVEY BY AIN MAGAZINE.
  • 8. This information is property of Embraer and can not be used or reproduced without written permission. HIGHLIGHTS 4Q14 8 28 KC-390 SOLD TO THE BRAZILIAN AIR FORCE. MOU WITH SAAB FOR BRAZIL´S F-X2 PROJECT. DELIVERY OF THE FIRST FOUR A-29 SUPER TUCANOs TO THE U.S. AIR FORCE.
  • 9. This information is property of Embraer and can not be used or reproduced without written permission. HIGHLIGHTS 9 DEFENSE & SECURITY REVENUES OF US$ 1.5 BILLION. FIRST FLIGHT OF EMBRAER KC-390. SISFRON PROJECT’S OPERATIONS INAUGURATION. CONTRACTS WITH THE BRAZILIAN GOVERNMENT TO SUPPLY RADARS AND OPERATION CENTER UNITS. CRITICAL DESIGN REVIEW OF THE BRAZILIAN GEOSTATIONARY SATELLITE. NEW ATM SYSTEMS FOR BRAZILIAN AND INDIAN GOVERNMENT.
  • 10. This information is property of Embraer and can not be used or reproduced without written permission. FINANCIAL RESULTS
  • 11. This information is property of Embraer and can not be used or reproduced without written permission. FIRM ORDER BACKLOG US$ BILLION 18.2 19.2 18.1 22.1 20.9 4Q13 1Q14 2Q14 3Q14 4Q14 11 COMMERCIAL AVIATION DEFENSE & SECURITY EXECUTIVE AVIATION
  • 12. This information is property of Embraer and can not be used or reproduced without written permission. AIRCRAFT DELIVERIES LARGE JETS - LEGACY & LINEAGE LIGHT JETS - PHENOM 2014 DELIVERIES OUTLOOK • 92 - 97 E-JETS • 25 - 30 EXECUTIVE LARGE JETS • 80 - 90 EXECUTIVE LIGHT JETS 12 101 105 106 90 92 2010 2011 2012 2013 2014 19 16 22 29 24 126 83 77 90 92 2010 2011 2012 2013 2014
  • 13. This information is property of Embraer and can not be used or reproduced without written permission.13 NET REVENUES 2014 OUTLOOK: US$ 6.0 – 6.5 BILLION 5,364 5,791 6,167 6,235 6,289 2010 2011 2012 2013 2014 US$ MILLION
  • 14. This information is property of Embraer and can not be used or reproduced without written permission. 24% 29% 48% 31% 22% 14% 14% 21% 21%3% 8% 3% 14% 6% 4%5% 9% 4% 9% 5% 6% 2012 2013 2014 61% 53% 50% 21% 27% 26% 17% 19% 23% 1% 1% 1% 2012 2013 2014 REVENUES BREAKDOWN NET REVENUES BY SEGMENT NET REVENUES BY REGION COMMERCIAL AVIATION EXECUTIVE AVIATION OTHERS DEFENSE & SECURITY Revenues US$ Billion 6.17 6.24 6.29 Revenues US$ Billion6.17 6.24 6.29 NORTH AMERICA BRAZIL EUROPE ASIA PACIFIC SOUTH & CENTRAL AMERICA AFRICA & MIDDLE EAST CHINA 14
  • 15. This information is property of Embraer and can not be used or reproduced without written permission. US$ MILLION R$ MILLION 15 NET REVENUES 5,296 2,929 3,929 2,827 5,251 4Q13 1Q14 2Q14 3Q14 4Q14 2,304 1,242 1,761 1,240 2,046 4Q13 1Q14 2Q14 3Q14 4Q14 2014: 14,9362014: 6,289
  • 16. This information is property of Embraer and can not be used or reproduced without written permission.16 US$ MILLION SG&A EXPENSES SELLING EXPENSESG&A EXPENSES EXPENSES / NET REVENUES 374 419 480 454 420 198 261 279 211 208 11% 12% 12% 11% 10% 2010 2011 2012 2013 2014
  • 17. This information is property of Embraer and can not be used or reproduced without written permission. 258 219 257 226 289 120 113 118 118 141 4Q13 1Q14 2Q14 3Q14 4Q14 344 430 378 375 332 SELLING EXPENSESG&A EXPENSES 17 SG&A EXPENSES US$ MILLION R$ MILLION 113 92 115 99 113 52 48 53 52 55 4Q13 1Q14 2Q14 3Q14 4Q14 168 151 140 165 168 2014: 1,4812014: 627
  • 18. This information is property of Embraer and can not be used or reproduced without written permission. 392 318 612 713 543 7.3% 5.5% 9.9% 11.4% 8.6% 2010 2011 2012 2013 2014 9.1% 2014 OUTLOOK: EBIT: US$ 540 – 620 MILLION EBIT MARGIN: 9.0% – 9.5% 18 INCOME FROM OPERATIONS (EBIT) US$ MILLION EBIT EBIT MARGIN 566 EXCLUDING AMR EFFECT 713
  • 19. This information is property of Embraer and can not be used or reproduced without written permission. 1,068 215 417 157 515 20.2% 7.4% 10.6% 5.6% 9.8% 4Q13 1Q14 2Q14 3Q14 4Q14 463 92 187 68 196 20.1% 7.4% 10.6% 5.5% 9.6% 4Q13 1Q14 2Q14 3Q14 4Q14 19 INCOME FROM OPERATIONS (EBIT) US$ MILLION R$ MILLION EBIT EBIT MARGIN 2014: 1,304 | 8.7%2014: 543 | 8.6% 316 723 13.7% EXCLUDING AMR EFFECT 13.7%
  • 20. This information is property of Embraer and can not be used or reproduced without written permission. 13.8% 2014 OUTLOOK: EBITDA: US$ 780 – 910 MILLION EBITDA MARGIN: 13.0% – 14.0% 20 EBITDA US$ MILLION EBITDA EBITDA MARGIN 611 557 891 1,004 830 11.4% 9.6% 14.4% 16.1% 13.2% 2010 2011 2012 2013 2014 EXCLUDING AMR EFFECT 1,004 857
  • 21. This information is property of Embraer and can not be used or reproduced without written permission. 544 151 261 136 281 23.6% 12.2% 14.8% 11.0% 13.8% 4Q13 1Q14 2Q14 3Q14 4Q14 21 EBITDA US$ MILLION R$ MILLION EBITDA EBITDA MARGIN 2014: 1,981 | 13.3%2014: 830 | 13.2% 1,253 355 583 311 732 23.7% 12.1% 14.8% 11.0% 13.9% 4Q13 1Q14 2Q14 3Q14 4Q14 EXCLUDING AMR EFFECT 17.3% 17.2% 397 909
  • 22. This information is property of Embraer and can not be used or reproduced without written permission.22 NET INCOME US$ MILLION NET MARGINNET INCOME 330 112 348 342 335 6.2% 1.9% 5.6% 5.5% 5.3% 2010 2011 2012 2013 2014
  • 23. This information is property of Embraer and can not be used or reproduced without written permission.23 NET INCOME US$ MILLION R$ MILLION NET MARGINNET INCOME 2014: 796 | 5.3%2014: 335 | 5.3% 607 259 320 (24) 242 11.5% 8.8% 8.1% -0.9% 4.6% 4T13 1T14 2T14 3T14 4T14 265 111 143 (11) 91 11.5% 8.9% 8.1% -0.9% 4.5% 4Q13 1Q14 2Q14 3Q14 4Q14
  • 24. This information is property of Embraer and can not be used or reproduced without written permission.24 EPADS & PAY OUT US$ PAY OUTEPADS 1.83 0.62 1.92 1.88 1.82 34% 116% 26% 26% 27% 2010 2011 2012 2013 2014
  • 25. This information is property of Embraer and can not be used or reproduced without written permission.25 INVENTORIES US$ MILLION 2,198 2,288 2,157 2,287 2,405 2010 2011 2012 2013 2014
  • 26. This information is property of Embraer and can not be used or reproduced without written permission. 47 230 153 80 320 250 RESEARCH DEVELOPMENT CAPEX 2014 OUTLOOK: US$ 650 MILLION 2014 OUTLOOK2014 26 INVESTMENTS US$ MILLION 2014: 430
  • 27. This information is property of Embraer and can not be used or reproduced without written permission. 4Q13 1Q14 2Q14 3Q14 4Q14 2014 NET CASH GENERATED (USED) BY OPERATING ACTIVITIES* 761 (273) 13 49 507 296 ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (156) (48) (60) (89) (87) (284) ADDITIONS TO INTANGIBLE ASSETS (109) (83) (103) (97) (132) (415) FREE CASH FLOW 496 (404) (150) (138) 288 (404) 761 (273) 13 49 507 (156) (48) (60) (89) (87) (109) (83) (103) (97) (132) 496 (404) (150) (138) 288 4Q13 1Q14 2Q14 3Q14 4Q14 27 FREE CASH FLOW * Net of Financial assets adjustment US$ MILLION 2014: (404)
  • 28. This information is property of Embraer and can not be used or reproduced without written permission. 96% 96% 96% 96% 96% 4% 4% 4% 4% 4% 6.2 5.9 5.7 5.6 5.4 4Q13 1Q14 2Q14 3Q14 4Q14 INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION LONG-TERM SHORT-TERM LOANS AVERAGE MATURITY (YEARS) 28 INDEBTEDNESS PROFILE | NET CASH TOTAL DEBT 4Q14: US$ 2.51 BILLION TOTAL CASH 4Q14: US$ 2.42 BILLION 429 53 (114) (327) (85) 4Q13 1Q14 2Q14 3Q14 4Q14
  • 29. This information is property of Embraer and can not be used or reproduced without written permission. 2015 OUTLOOK
  • 30. This information is property of Embraer and can not be used or reproduced without written permission. EBITDA MARGIN 12.0% – 13.0% NET REVENUES EBITDA US$ 6.1 – 6.6 BILLION US$ 730 – 860 MILLION EBIT MARGIN 8.0% – 8.5% EBIT US$ 490 – 560 MILLION FCF > (US$ 100) MILLION* 30 2015 CONSOLIDATED OUTLOOK * FCF USE OF LESS THAN US$ 100 MILLION.
  • 31. This information is property of Embraer and can not be used or reproduced without written permission. 2015 BUSINESS UNITS OUTLOOK 31 18% OF NET REVENUES 2% OF NET REVENUES 28% OF NET REVENUES 52% OF NET REVENUES DELIVERIES: 95 TO 100 E-JETS US$ 100 MILLION US$ 1.70 – 1.85 BILLION US$ 1.10 – 1.25 BILLION OTHER REVENUES US$ 3.20 – 3.40 BILLION DELIVERIES: 80 TO 90 LIGHT JETS 35 TO 40 LARGE JETS
  • 32. This information is property of Embraer and can not be used or reproduced without written permission. TOTAL INVESTMENTS: US$ 650 MILLION RESEARCH US$ 50 MILLION DEVELOPMENT US$ 300 MILLION CAPEX US$ 300 MILLION 32 2015 INVESTMENT OUTLOOK
  • 33. This information is property of Embraer and can not be used or reproduced without written permission. INVESTOR RELATIONS PHONE: +55 12 3927 4404 INVESTOR.RELATIONS@EMBRAER.COM.BR WWW.EMBRAER.COM