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2013 OUTLOOK AND PERSPECTIVES


                         Job Position
2012 DELIVERIES & BACKLOG
Aircraft Deliveries


        Commercial Jets                               Executive Jets




                                                           98       126
       165
133                                                                                     77
              125                                                             83
                     101    105    106            2

                                          36     37
                                                           21       19        16        22

2007   2008   2009   2010   2011   2012   2007   2008     2009     2010       2011      2012


                                                        Light Jets - Phenom

                                                        Large Jets - Legacy & Lineage
Firm Order Backlog

   US$ Billion




             15.4   14.7
                           12.9   12.4   12.5




             4Q11   1Q12   2Q12   3Q12   4Q12
2013 OUTLOOK
Strategic Outlook
•   Global economy continues to grow at a modest pace.

•   Airline global traffic growing along with profitability expectations
    for the industry.

•   U.S. scope clauses relaxation for 76 seat jets opening new
    business opportunities for the E175.

•   Order activity in Commercial Aviation has potential to exceed 2012
    levels.

•   E-Jets continuous development strategy assuring maintenance of
    leadership position in the 60 to 120 seat market. Engine and
    avionics selection already completed for second generation E-Jets.
Strategic Outlook

•   Executive Aviation market recovery in slow motion.

•   First Legacy 650 assembled in China’s facility delivery in 2013.

•   Market share growth with the Legacy 450 & 500 introduction and
    customer support infrastructure expansion.

•   Recognized executive aviation customer support solutions: AIN
    and Pro-Pilot surveys.
Strategic Outlook

•   Establish Embraer as a major player in the Brazilian Defense &
    Security market.

•   Growing activity in KC-390 development.

•   Portfolio diversification through participation in Brazilian
    projects such as SISFRON and others.

•   On-going P3E efforts to maximize productivity and cost control.

•   Financial Discipline.
2013 Consolidated Outlook




              Net Revenues      US$ 5.9 – 6.4 Billion
                                US$ 5.9 – 6.4 Billion




 EBIT   US$ 530 – 610 Million
        US$ 530 – 610 Million      EBITDA US$ 770 – 900 Million
                                          US$ 770 – 900 Million

EBIT margin    9.0% – 9.5%
                9.0% – 9.5%       EBITDA margin 13.0% – 14.0%
                                                 13.0% – 14.0%
2013 Consolidated Outlook
                                                                            Others
Guidance Comparison                                           Defense &
                                                                              2%
                                                                             15%
                                                                                      2%
                                                               Security              21%
                                                              Executive      20%
                                                               Aviation              25%
Net Revenues        2012   US$ 5.8 ––6.2 Billion
                           US$ 5.8 6.2 Billion
                                                             Commercial      63%
                    2013     US$ 5.9 – 6.4 Billion
                             US$ 5.9 – 6.4 Billion              Aviation             52%



                                                                             2012    2013




       2012   US$ 520 ––590 Million
              US$ 520 590 Million                  EBIT     2012           9.0% ––9.5%
                                                                            9.0% 9.5%
EBIT                                               margin              9.0% – 9.5%
       2013      US$ 530 – 610 Million
                 US$ 530 – 610 Million
                                                            2013        9.0% – 9.5%



          2012   US$ 720 ––840 Million
                 US$ 720 840 Million               EBITDA   2012     12.5% ––13.5%
                                                                      12.5% 13.5%
EBITDA                                             margin
          2013      US$ 770 – 900 Million
                    US$ 770 – 900 Million                   2013           13.0% – 14.0%
                                                                            13.0% – 14.0%
2013 Business Units Outlook


                           Deliveries: 90 to 95 E-jets
                  Net Revenues       US$ 3.20 – 3.35 Billion
                                     US$ 3.20 – 3.35 Billion

                         Deliveries: 80 to 90 light jets
                                     25 to 30 large jets
                   Net Revenues      US$ 1.40 – 1.60 Billion
                                     US$ 1.40 – 1.60 Billion


                   Net Revenues      US$ 1.25 – 1.35 Billion
                                     US$ 1.25 – 1.35 Billion


                    Other Revenues      US$ 50 – 100 Million
                                        US$ 50 – 100 Million
2013 Investment Outlook


           Research      US$ 100 Million
                         US$ 100 Million



        Development      US$ 300 Million
                         US$ 300 Million



            CAPEX        US$ 180 Million
                         US$ 180 Million



         TOTAL INVESTMENTS: US$ 580 Million
         TOTAL INVESTMENTS: US$ 580 Million
Summary

Short Term Outlook
•Resilient organic growth.

•Continuous focus on diversification, efficiency and customer
satisfaction.

•Financial solidness and discipline.



Mid to Long Term Outlook
•Sustainable revenue growth and improved product mix (EIS
Legacy 500 & 450, KC-390 and E-Jets 2nd generation).

•Increased operating leverage and efficiency.

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Guidance IR - 2013

  • 1. 2013 OUTLOOK AND PERSPECTIVES Job Position
  • 3. Aircraft Deliveries Commercial Jets Executive Jets 98 126 165 133 77 125 83 101 105 106 2 36 37 21 19 16 22 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 Light Jets - Phenom Large Jets - Legacy & Lineage
  • 4. Firm Order Backlog US$ Billion 15.4 14.7 12.9 12.4 12.5 4Q11 1Q12 2Q12 3Q12 4Q12
  • 6. Strategic Outlook • Global economy continues to grow at a modest pace. • Airline global traffic growing along with profitability expectations for the industry. • U.S. scope clauses relaxation for 76 seat jets opening new business opportunities for the E175. • Order activity in Commercial Aviation has potential to exceed 2012 levels. • E-Jets continuous development strategy assuring maintenance of leadership position in the 60 to 120 seat market. Engine and avionics selection already completed for second generation E-Jets.
  • 7. Strategic Outlook • Executive Aviation market recovery in slow motion. • First Legacy 650 assembled in China’s facility delivery in 2013. • Market share growth with the Legacy 450 & 500 introduction and customer support infrastructure expansion. • Recognized executive aviation customer support solutions: AIN and Pro-Pilot surveys.
  • 8. Strategic Outlook • Establish Embraer as a major player in the Brazilian Defense & Security market. • Growing activity in KC-390 development. • Portfolio diversification through participation in Brazilian projects such as SISFRON and others. • On-going P3E efforts to maximize productivity and cost control. • Financial Discipline.
  • 9. 2013 Consolidated Outlook Net Revenues US$ 5.9 – 6.4 Billion US$ 5.9 – 6.4 Billion EBIT US$ 530 – 610 Million US$ 530 – 610 Million EBITDA US$ 770 – 900 Million US$ 770 – 900 Million EBIT margin 9.0% – 9.5% 9.0% – 9.5% EBITDA margin 13.0% – 14.0% 13.0% – 14.0%
  • 10. 2013 Consolidated Outlook Others Guidance Comparison Defense & 2% 15% 2% Security 21% Executive 20% Aviation 25% Net Revenues 2012 US$ 5.8 ––6.2 Billion US$ 5.8 6.2 Billion Commercial 63% 2013 US$ 5.9 – 6.4 Billion US$ 5.9 – 6.4 Billion Aviation 52% 2012 2013 2012 US$ 520 ––590 Million US$ 520 590 Million EBIT 2012 9.0% ––9.5% 9.0% 9.5% EBIT margin 9.0% – 9.5% 2013 US$ 530 – 610 Million US$ 530 – 610 Million 2013 9.0% – 9.5% 2012 US$ 720 ––840 Million US$ 720 840 Million EBITDA 2012 12.5% ––13.5% 12.5% 13.5% EBITDA margin 2013 US$ 770 – 900 Million US$ 770 – 900 Million 2013 13.0% – 14.0% 13.0% – 14.0%
  • 11. 2013 Business Units Outlook Deliveries: 90 to 95 E-jets Net Revenues US$ 3.20 – 3.35 Billion US$ 3.20 – 3.35 Billion Deliveries: 80 to 90 light jets 25 to 30 large jets Net Revenues US$ 1.40 – 1.60 Billion US$ 1.40 – 1.60 Billion Net Revenues US$ 1.25 – 1.35 Billion US$ 1.25 – 1.35 Billion Other Revenues US$ 50 – 100 Million US$ 50 – 100 Million
  • 12. 2013 Investment Outlook Research US$ 100 Million US$ 100 Million Development US$ 300 Million US$ 300 Million CAPEX US$ 180 Million US$ 180 Million TOTAL INVESTMENTS: US$ 580 Million TOTAL INVESTMENTS: US$ 580 Million
  • 13. Summary Short Term Outlook •Resilient organic growth. •Continuous focus on diversification, efficiency and customer satisfaction. •Financial solidness and discipline. Mid to Long Term Outlook •Sustainable revenue growth and improved product mix (EIS Legacy 500 & 450, KC-390 and E-Jets 2nd generation). •Increased operating leverage and efficiency.