riweb

1. This information is property of Embraer and can not be used or reproduced without written permission.MARCH 2015
+55 12 3927 4404 | investor.relations@embraer.com.br | www.embraer.com

2. This information is property of Embraer and can not be used or reproduced without written permission.2
CORPORATE AND BUSINESS STRATEGY
• ORGANIC GROWTH
• MARGINS ENHANCEMENT THROUGH THE P3E
• BUSINESS AND REVENUES DIVERSIFICATION
• ORGANIC GROWTH AND ACQUISITIONS
• ESTABLISH EMBRAER AS THE DEFENSE HOUSE OF BRAZIL
• PRODUCT STRATEGY
• DIVERSIFICATION AND EXPANSION OF CUSTOMER BASE
• EXCELLENCE IN CUSTOMER EXPERIENCE (ECE)
• MARKET SHARE GROWTH
• MARGINS IMPROVEMENT
• PRODUCT STRATEGY AND CUSTOMER SUPPORT FOCUS

3. 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
3
COMMERCIAL
AVIATION
DEFENSE
& SECURITY
EXECUTIVE
AVIATION

4. 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
4
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

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

6. 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
6

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

8. This information is property of Embraer and can not be used or reproduced without written permission.
OVER 80 AIRLINES IN MORE THAN 50 COUNTRIES
EMBRAER COMMERCIAL AVIATION
8

9. This information is property of Embraer and can not be used or reproduced without written permission.
capacity: 70 to 80 seats
range: 2,100nm (3,900Km)
capacity: 78 to 88 seats
range: 2,000nm (3,700Km)
capacity: 98 to 114 seats
range: 2,400nm (4,500Km)
capacity: 108 to 122 seats
range: 2,200nm (4,100Km)
PRODUCT PORTFOLIO
capacity: 37 seats
range: 1,750nm (3,250Km)
capacity: 44 seats
range: 1,650nm (3,050Km)
capacity: 50 seats
range: 1,550nm (2,900Km)
capacity: 50 seats
range: 2,000nm (3,700Km)
9

10. This information is property of Embraer and can not be used or reproduced without written permission.
E-JETS CUSTOMER BASE EVOLUTION
1999-2000 2001-2002 2003-2004 2005-2006 2007-2008 2009-2010 2011-2014
2 4 14 27 50 55 65
Customers/ Operators
110
118
343
619
876
947
1,549
1,549
ACCUMULATED
FIRM ORDERS
10
Source: Embraer (Dez/14 – Commercial Airlines and Leasing Co.)

11. This information is property of Embraer and can not be used or reproduced without written permission.
E-JETS Firm orders Deliveries Firm Backlog
E170 193 188 5
E175 421 249 172
E190 580 515 65
E195 145 138 7
E175-E2 100 - 100
E190-E2 60 - 60
E195-E2 50 - 50
Total 1,549 1,090 459
11
E-JETS FAMILY ORDER BOOK – 4Q14

12. This information is property of Embraer and can not be used or reproduced without written permission.
15%
24%
61%
Latin America
Asia Pacific & China
E-JETS CUSTOMER BASE BY BUSINESS MODEL
FIRM ORDERS
COMMERCIAL JETS – NET ORDERS MARKET SHARE
Considering Accumulated Net Orders
70-130 SEATS JETS
BACKLOG
North America
Regional Airlines
Network Airlines
Low Cost Carriers
12%
7%
25%
19%
37%
17%
2%
5%
3%
73%
12
WORLDWIDE DISTRIBUTION
(% OF E-JETS FLEET+BACKLOG)
Europe & CIS
Middle East & Africa

13. This information is property of Embraer and can not be used or reproduced without written permission.
helping airlines to be more efficient
13
E-JETS DEPLOYMENT
48%
25%
7%
20%
North America
39%
11%
14%
36%
Europe/CIS
76%
16%
5%
3%
Africa/Middle East
40%
46%
5%
9%
Asia Pacific
45% 28% 7% 20%WORLD
RIGHT-SIZING NEW MARKETS REPLACEMENT
OF OLD JETS
NATURAL
GROWTH
36%
40%
6%
18%
Latin America
12%
64%
24%
China

14. This information is property of Embraer and can not be used or reproduced without written permission.
• REPLACEMENT OF OLD/INEFFICIENT JETS
• RIGHT-SIZING OF NARROW-BODY OPERATIONS
• HUB FEEDER AND POINT-POINT OPERATION IN LOW AND MID-DENSITY MARKETS
• REGIONAL AVIATION DEVELOPMENT
AROUND 6,250 JET DELIVERIES (70-130 SEATS) IN THE NEXT 20 YEARS (US$ 300 BI)
14
PROJECTED DELIVERIES - JETS
MARKET SEGMENT
(SEATS)
2014 – 2033
DELIVERIES
70 - 90 2,300
90 - 130 3,950
70 -130 6,250
EMBRAER MARKET FORECAST (2014 – 2033)
NORTH
AMERICA
2,010
32%
LATIN
AMERICA
700
11%
AFRICA
230
4%
EUROPE
1,140
18%
MIDDLE
EAST
250
4%
CIS
380
6%
CHINA
1,020
17%
ASIA
PACIFIC
520
8%

15. This information is property of Embraer and can not be used or reproduced without written permission.15
COMPETITIVE SCENARIO 70-130 SEATS
130
120
110
100
90
80
70
SSJ95/100
MRJ90
ARJ21
CRJ900
CRJ1000
CRJ700
CAPACITY
(SINGLE CLASS)
737-7 MAXA319 NEO
CS100
CS300
E-195
E-190
E-175
E-170

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

17. This information is property of Embraer and can not be used or reproduced without written permission.
RIGHT CAPACITIES TO MATCH MARKET DEMAND
70
80
90
100
110
120
130
+4 SEATS
SAME
+14 SEATS
20%
20%
E190-E2
E195-E2
E175-E2
17
capacity: 120-136 seats
range: 2,000nm
capacity: 97-114 seats
range: 2,800nm
capacity: 80-90 seats
range: 1,920nm

18. This information is property of Embraer and can not be used or reproduced without written permission.
E175-E2
NEW WING
More efficient, high aspect ratio
metallic wing. Raked wing tip.
IMPROVED AVIONICS
4 larger 13”x10” displays
and touchscreen controls
MAIN LANDING GEAR
Enabling larger engines. Gear doors
for improved fuel efficiency
OPTIMIZED WING/ENGINE
DIFFERENT WING AND ENGINE COMBINATIONS FOR E175-E2 AND E190/195-E2
NEW ENGINES
Larger fan diameter and
improved fuel efficiency
18
E2 NEW FEATURES – NOT JUST A RE-ENGINE
E190-E2 & E195-E2

19. This information is property of Embraer and can not be used or reproduced without written permission.
• HIGHEST COMMONALITY AMONG
E-JETS E2 MODELS (AAA)
• FULL FLIGHT SIMULATOR OR HIGH - LEVEL
FLIGHT TRAINING DEVICE NOT REQUIRED
• FEWER THAN 3 DAYS TRANSITION
TRAINING BETWEEN THE TWO E-JET
GENERATIONS
19
E-JETS & E-JETS E2 PILOT COMMONALITY
• SAME TYPE RATING COMMONALITY
BETWEEN E-JETS E2 AND CURRENT E-JETS
FAMILY (CCC)

20. This information is property of Embraer and can not be used or reproduced without written permission.20
E-JETS E2 SUPPLIERS
PACIS
Fuel System
Water & Waste
Pax Oxygen
Crew Oxygen
External Lights
Hydraulic Pumps
Cabin Management Sys
Cabin Lights
Emergency Battery
Passenger Service Unit
Control Wheel
Column-by-Wire
Control Pedals
Avionics
Powerplant / APU
Flight Controls
E-bay Cooling Sensors
Fans package
Recirculation Filter
AMS
LG Controls
Pilots Seats
Observer Seat
FA seats
Cockpit Printer
Cockpit Lighting
Vertical and
Horizontal Tail
Doors (Pax, Service & OWE)
Spoilers / Ailerons
Center III, Rear Fuselage
Rudder, Elevator, Insulation
Wheels & Brakes
APU Electrical System
(Generation, Distribution,
Emergency, Batteries e Converters)

21. This information is property of Embraer and can not be used or reproduced without written permission.
FUEL BURN PER SEAT
E175-E2 (80 seats)
vs. E175 (76 seats)
E190-E2 (97 seats)
vs. E190 (97 seats)
E195-E2 (120 seats)
vs. E195 (106 seats)
-16%
-24%
-16%
0%
-5%
-10%
-15%
-20%
-25%
Target values for 600 nm sector; Dual Class configuration;
21
FUEL BURN IMPROVEMENTS

22. This information is property of Embraer and can not be used or reproduced without written permission.
180+
160
140
120
100
80
SSJ95/100
MRJ90 ARJ21CRJ900
CRJ1000
CRJ700
CAPACITY
(SINGLE CLASS)
737-7 MAXA319neo
A320neo
737-8MAX
CS100
CS300
E175-E2
E190-E2
E195-E2
22
NEW COMPETITIVE SCENARIO

23. This information is property of Embraer and can not be used or reproduced without written permission.
• EMBRAER INVESTMENT ON RESEARCH, DEVELOPMENT AND
CAPEX FOR THE E-JETS E2 FAMILY WILL BE US$ 1.7 BILLION
• INVESTMENT WILL BE SUPPORTED BY EMBRAER’S CASH
GENERATION AND DEBT
• INVESTMENTS SPAN FROM 2013 - 2020 WITH MORE
CONCENTRATION IN 2014 - 2017
23
PROGRAM INVESTMENT

24. This information is property of Embraer and can not be used or reproduced without written permission.
Preliminary Information as of January, 2013 -- US$ 3.3/USGal, 10 years NPV @ 9% rate
BETTER FUEL CONSUMPTION GAIN
• E175 E2: US$ 4.8M
• E190 E2: US$ 7.0M
• E195 E2: US$ 6.5M
MAINTENANCE COST REDUCTION GAIN
• US$ 1.0~1.5ME175
AR (8E5): 42.9
E190
AR (10E5):47.4
E195
AR (10E5): 50.1
E-Jets
E175-E2
46.8
E190-E2
53.6
E195-E2
60.4
delta: 3.9 M
delta: 6.2 M
delta: 10.3 M
E-Jets E2
SEAT CAPACITY INCREASE GAIN
• E175 E2: US$ 1.6M (4 SEATS)
• E195 E2: US$ 4.8M (14 SEATS)
24
LIST PRICES (US$ MILLION)

25. This information is property of Embraer and can not be used or reproduced without written permission.25
PROGRAM UPDATE
E190-E2
• FIRST METAL CUT IN OCTOBER 2014
E195-E2
• JOINT DEFINITION PHASE ON GOING
• MORE THAN 80% OF PRELIMINARY
DESIGN REVIEWS PERFORMED
E175-E2
• PRELIMINARY STUDIES PHASE CONCLUDED
• INITIAL DEFINITION PHASE CONCLUDED
• JOINT DEFINITION PHASE STARTED

26. This information is property of Embraer and can not be used or reproduced without written permission.
E195-E2 | EIS 2019
E190-E2 | EIS 1H2018
E175-E2 | EIS 2020
210 Firm Orders
380 Commitments
26
E2 ENTRY INTO SERVICE
590 E-JETS E2

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

28. This information is property of Embraer and can not be used or reproduced without written permission.
NEARLY 850 JETS IN SERVICE IN MORE THAN 50 COUNTRIES
28
EMBRAER EXECUTIVE JETS

29. This information is property of Embraer and can not be used or reproduced without written permission.29
PRODUCT PORTFOLIO
LARGE
AIRCRAFT MODEL SEATS /RANGE
up to 8 occupants/
1,178 nm
up to 11 occupants/
1,971 nm
7 to 9 passengers/
2,300 nm
8 to 12 passengers/
3,000 nm
13 to 14 passengers/
3,400 nm
13 to 19 passengers/
4,500 nm
ENTRY
LIGHT
MID-LIGHT
MID-SIZE
ULTRA-LARGE
SUPER MID-SIZE
Certified: 2008
Certified: 2009
UNDER DEVELOPMENT
Certified: 2001
Certified: 2008
ULTRA-LONG RANGE
COMPETITORS
• Cessna - Mustang/M2
• HondaJet
• Cessna - CJ2+/CJ3/CJ4
• Bombardier - Learjet 40XR/70
• Bombardier - Learjet 45XR/75
• Cessna - XLS+/Latitude
• Bombardier - Learjet 85
• Cessna - Sovereign
• Gulfstream - G150
• Bombardier - CL605/GL5000
• Dassault - Falcon 2000LXS/
900LX
• Gulfstream - G350/G450
• Airbus - ACJ 318/319/320
• Boeing - BBJ/BBJ2/BBJ3
13 to 14 passengers/
3,900 nm
Certified: 2010
• Bombardier - GL6000/GL7000/
GL8000
• Gulfstream - G500/G550/G650/
650ER
• Dassault - Falcon 7X/8X
• Bombardier - CL300/CL850
• Cessna - X/Longitude
• Dassault - Falcon 2000S
• Gulfstream - G280
Certified: 2014

30. This information is property of Embraer and can not be used or reproduced without written permission.
DELIVERIES SHARE (UNITS)REVENUES SHARE (US$ BI | B&CA LIST PRICES)
MARKET DELIVERIES 2014: 705 UNITS
EMBRAER DELIVERIES: 116 UNITS
BOMBARDIER
MARKET REVENUES 2014: US$ 21.9 BILLION
EMBRAER REVENUES: US$ 1.6 BILLION
30
MARKET SHARE
HAWKER-BEECH DASSAULT
CESSNAGULFSTREAMOTHERS

31. This information is property of Embraer and can not be used or reproduced without written permission.31
MARKET DRIVERS

32. This information is property of Embraer and can not be used or reproduced without written permission.
0%
4%
8%
12%
16%
20%
24%
28%
0
500
1000
1500
2000
2500
3000
3500
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
%ofactivefleet
Units
Fleet older than 10 yrs Fleet from 6 to 10 yrs
Fleet up to 5 yrs Positions
Fleet up to 5 yrs and positions Total fleet % for sale
Up to 10 yrs % for sale
32
BUSINESS JETS PRE-OWNED MARKET INVENTORY
Source: Jetnet and Embraer analysis, January 2015
10.7%
2,140 jets
7.3%
625 jets

33. This information is property of Embraer and can not be used or reproduced without written permission.
IMPROVED ECONOMIC ENVIRONMENT IN US MAY DRIVE MARKET TURNAROUND
33
MARKET RECOVERY IN SLOW MOTION
US 2015 GDP EXPECTED ABOVE 3.0%
LOW OIL PRICE GENERATING OPPORTUNITIES
US CORPORATE PROFITS AND HNWI AT RECORD LEVELS
NEW PRODUCTS ENTERING INTO SERVICE
TRAFFIC RECOVERY ON TRACK IN US BUT SLOWER THAN EXPECTED IN EU
PRE-OWNED AIRCRAFT PRICES STABILIZED
EUROPEAN MARKETS CONTINUE AT RISK; SOFTENING EMERGING MARKETS DEMAND

34. This information is property of Embraer and can not be used or reproduced without written permission.
0
200
400
600
800
1000
1200
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
9,250 JETS AND US$ 250 BI IN THE NEXT 10 YEARS
UNITS US$
900
4.2
1,780
15.8
1,140
17.3
920
17.8
1,270
31.1
1,670
64.7
1,345
82.2
225 17.3
Deliveries Revenues
N10YF
Deliveries Forecast (units)
Ultra Large
Ultra Long Range
Large
Supermid
Midsize
Midlight
Light
Entry
34
2014-2023 MARKET FORECAST

35. This information is property of Embraer and can not be used or reproduced without written permission.
NORTH AMERICA
4,620 a/c (50%)
US$ 120 Bi (45%)
EUROPE, MIDDLE EAST & AFRICA
2,360 a/c (26%)
US$ 77 Bi (29%)
ASIA PACIFIC
570 a/c (6%)
US$ 19 Bi (7%)
LATIN AMERICA
850 a/c (9%)
US$ 16 Bi (6%)
CHINA
835 a/c (9%)
US$ 33 Bi (12%)
WORLDWIDE
9,250 units
US$ 265 Bi
35
2015-2024 MARKET FORECAST BY REGION
Note: sum of regional numbers might differ from total numbers due to rounding
Source: Embraer Analysis

36. This information is property of Embraer and can not be used or reproduced without written permission.
NEARLY 70 SERVICE CENTERS WORLDWIDE.
EMBRAER SERVICE CENTER
AUTHORIZED SERVICE CENTER
36
SERVICE CENTER NETWORK

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

38. This information is property of Embraer and can not be used or reproduced without written permission.
OVER 50 ARMED FORCES
38
EMBRAER DEFENSE & SECURITY

39. This information is property of Embraer and can not be used or reproduced without written permission.
INTEGRATED PORTFOLIO
LIGHT ATTACK AND
ADVANCED TRAINING
TACTICAL MILITARY
TRANSPORT
ISR (INTELLIGENCE,
SURVEILLANCE AND
RECONNAISSANCE)
UAVs RADARC4I LAND SYSTEMS SERVICES
39
SATELLITE
TRANSPORT AIRCRAFTMODERNIZATION
PROGRAMS

40. This information is property of Embraer and can not be used or reproduced without written permission.
COMMAND AND
CONTROL
SYSTEMS
AIR TRAFFIC
MANAGEMENT
CONTROL
SYSTEMS OF
SYSTEMS
C4I
UAVS
SIMULATORS
MODERNIZATION
OF AVIONICS
SYSTEMS
LAND DEFENSE
SYSTEMS
INTEGRATION
SISFRON
IMPLEMENTATION
MRO
AERO
STRUCTURES
REMOTE
SENSING
AERIAL
SURVEILLANCE
RADAR
SATELLITE
GEOSTATIONARY OF
DEFENSE AND
COMMUNICATIONS
(SGDC)
100% 51% 65%90% 100%51%
40
PARTNERSHIPS
UAVs RADARC4I LAND SYSTEMS SERVICESSATELLITE

41. This information is property of Embraer and can not be used or reproduced without written permission.
REVENUES EVOLUTION (US$ MILLION) BACKLOG EVOLUTION (US$ BILLION)
41
EMBRAER DEFENSE & SECURITY RESULTS
REVENUES PARTICIPATION (%)

42. This information is property of Embraer and can not be used or reproduced without written permission.
BRAZIL: 99
COLOMBIA: 25
DOMINICAN REPUBLIC: 8
CHILE: 12
ECUADOR: 18
INDONESIA: 16
GREYSTONE (TACAIR): 1
MAURITANIA: 2
BURKINA FASO: 3
ANGOLA: 6
USA: 20
TOTAL MARKET FORECAST:
300 AIRCRAFT / US$ 3.5 BILLION
800
2,000
700
MEDIUM-TERM
LONG-TERM
SHORT-TERM
ADDRESSABLE MARKET FORECAST 2020
(US$ MILLION)
PARTNERSHIP WITH BOEING TO PROVIDE WEAPONS INTEGRATION, INCREASING CAPABILITIES OF THE AIRCRAFT.
• FIRM ORDERS: MORE THAN 210 AIRCRAFT
• OVER 190 AIRCRAFT DELIVERED
42
SUPER TUCANO

43. This information is property of Embraer and can not be used or reproduced without written permission.
• A new tactical military transport and tanker aircraft
• Partnership with Boeing to share technical knowledge and to market and sell the KC-390 in
certain markets
• Six countries letters of intent, totalizing 60 aircraft
• FAB and Embraer signed the series production contract for 28 KC-390
• First flight in February 2015
TOTAL MARKET FORECAST 2025:
700 AIRCRAFT / US$ 50+ BI
43
EMBRAER KC-390
BRAZIL (28)
COLOMBIA (12)
ARGENTINA (6)
CHILE (6)
PORTUGAL (6)
CZECH REP. (2)

44. This information is property of Embraer and can not be used or reproduced without written permission.
BRAZILIAN NAVY A-4
12 aircraft
BRAZILIAN AIR FORCE A-1M
43 aircraft
3 delivered
BRAZILIAN AIR FORCE F-5M
46 aircraft + 7 aircraft (2nd batch)
46 delivered
BRAZILIAN AIR FORCE E-99
5 aircraft EMB 145 AEW&C
A-4
ADDRESSABLE MARKET FORECAST 2025
(US$ MILLION)
TOTAL MARKET FORECAST:
228 AIRCRAFT / US$ 1.5 BILLION
437
567
505MEDIUM-TERM
LONG-TERM
SHORT-TERM
44
MODERNIZATION PROGRAMS

45. This information is property of Embraer and can not be used or reproduced without written permission.
SISFRON
Integrated Borders Monitoring System
First phase: US$ 420 Million
Total estimate: US$ 4 Billion
Comprising radars, communication networks, C4I,
unmanned air vehicles (UAV) and armored vehicles
SATELLITE
Estimate: US$ 400 Million
Participation in the first Brazilian Geostationary Satellite
Ref. dec/12
SENS
59%
COMM
9%
UAV
12% SW
20%
45
BRAZILIAN ARMY PRIORITIES

46. This information is property of Embraer and can not be used or reproduced without written permission.
2015 OUTLOOK

47. 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*
47
2015 CONSOLIDATED OUTLOOK
* FCF USE OF LESS THAN US$ 100 MILLION.

48. This information is property of Embraer and can not be used or reproduced without written permission.
2015 BUSINESS UNITS OUTLOOK
48
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

49. 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
49
2015 INVESTMENT OUTLOOK

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

51. This information is property of Embraer and can not be used or reproduced without written permission.
NET REVENUES - US$ MILLION SG&A EXPENSES - US$ MILLION
51
NET REVENUES | SG&A EXPENSES
2014 OUTLOOK: US$ 6.0 – 6.5 BILLION
SELLING EXPENSESG&A EXPENSES
2,304
1,242
1,761
1,240
2,046
4Q13 1Q14 2Q14 3Q14 4Q14
2014: 6,289
113
92
115
99 113
52
48
53
52
55
4Q13 1Q14 2Q14 3Q14 4Q14
168
151
140
165 168
2014: 627

52. This information is property of Embraer and can not be used or reproduced without written permission.52
INCOME FROM OPERATIONS (EBIT) | EBITDA
EBIT - US$ MILLION EBITDA - US$ MILLION
2014 OUTLOOK: EBIT: US$ 540 – 620 MILLION
EBIT MARGIN: 9.0% – 9.5%
2014 OUTLOOK: EBITDA: US$ 780 – 910 MILLION
EBITDA MARGIN: 13.0% – 14.0%
EBIT EBIT MARGIN EBITDA EBITDA MARGINEXCLUDING AMR EFFECT
463
92
187
68
196
20.1%
7.4%
10.6%
5.5%
9.6%
4Q13 1Q14 2Q14 3Q14 4Q14
2014: 543 | 8.6%
316
13.7%
544
151
261
136
281
23.6%
12.2%
14.8%
11.0%
13.8%
4Q13 1Q14 2Q14 3Q14 4Q14
2014: 830 | 13.2%
17.3%
397

53. This information is property of Embraer and can not be used or reproduced without written permission.
NET INCOME - US$ MILLION FREE CASH FLOW - US$ MILLION
FREE CASH FLOW
ADDITIONS TO PP&E
NET CASH GENERATED (USED) BY OPERATING ACTIVITIES*
ADDITIONS TO INTANGIBLE
* Net of Financial assets adjustment
53
NET INCOME | FREE CASH FLOW
NET MARGINNET INCOME
2014: (404)2014: 335 | 5.3%
265
111
143
(11)
91
11.5%
8.9% 8.1%
-0.9%
4.5%
4Q13 1Q14 2Q14 3Q14 4Q14

54. This information is property of Embraer and can not be used or reproduced without written permission.54
INDEBTEDNESS PROFILE | NET CASH
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)
TOTAL DEBT 4Q14: US$ 2.51 BILLION TOTAL CASH 4Q14: US$ 2.42 BILLION
429
53
(114)
(327)
(85)
4Q13 1Q14 2Q14 3Q14 4Q14

55. This information is property of Embraer and can not be used or reproduced without written permission.55
INVENTORIES
US$ MILLION
2,198
2,288
2,157
2,287
2,405
2010 2011 2012 2013 2014

56. This information is property of Embraer and can not be used or reproduced without written permission.56
INVESTMENTS
2014 OUTLOOK: US$ 650 MILLION
2014 OUTLOOK2014 YTD
US$ MILLION
47
230
153
80
320
250
RESEARCH DEVELOPMENT CAPEX
2014: 430

57. This information is property of Embraer and can not be used or reproduced without written permission.57
EPADS AND PAY OUT
EPADS PAY OUT
US$
1.83
0.62
1.92 1.88 1.82
34%
116%
26% 26% 27%
2010 2011 2012 2013 2014

58. This information is property of Embraer and can not be used or reproduced without written permission.
NYSE
52%
BM&F
BOVESPA
48%
22%
78%
International
Shareholders
Local
Shareholders
734,899,822 VOTING SHARES
58
OWNERSHIP STRUCTURE – 4Q14

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

60. This information is property of Embraer and can not be used or reproduced without written permission.
BRAZILIAN ALLIANCE FOR BIO-FUEL
ISO 14001 AND OHSAS
18001 CERTIFICATIONS
1ST ETHANOL POWERED
AIRCRAFT IN THE WORLD
GREENER
TECHNOLOGY
SOCIAL ACTIVITIES
60
SUSTAINABILITY INITIATIVES
REFORESTATION PROJECTS
RECYCLING
CORPORATE VALUES

61. This information is property of Embraer and can not be used or reproduced without written permission.
E-JETS FINAL ASSEMBLY LINE TRANSFORMATION
E-JETS WING JUNCTION LINE TRANSFORMATION
Performance Indicators 2008
(15 ac/month)
2009
(10 ac/month)
2012
(10 ac/month)
Number of positions 12 5 4
Cycle time (days) 18 10 8
Work in Process
(US$ Mi)
212 95 68
Number of non-
conformity per a/c
32 1.7 0.76
Overtime
(% of work hours)
10 1.5 0
61
P3E – LEAN RESULTS

62. This information is property of Embraer and can not be used or reproduced without written permission.
KAIZEN - E-JETS CYCLE REDUCTION COST OF NON QUALITY REDUCTION
57%
40% REDUCTION ON THE PRODUCTION CYCLE
40%
44% REDUCTION ON CNQ
62
P3E – LEAN RESULTS

63. This information is property of Embraer and can not be used or reproduced without written permission.
COST: US$ 29.0 MILLION
BENEFIT: US$ 268.4 MILLION
63
“BOA IDEIA” PROGRAM EVOLUTION

64. 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

65. This information is property of Embraer and can not be used or reproduced without written permission.
This presentation may contain forward-looking statements, projections and estimates regarding circumstances
or events yet to take place, including, but not limited to, those statements relating to guidance. These forward-
looking statements are based largely on current expectations, forecasts of future events and industry and
financial trends that affect Embraer’s businesses. These statements are subject to risks, uncertainties and
assumptions that include, among others: general economic, political and trade conditions, both in Brazil and in
those markets where Embraer does business; management’s expectations and estimates concerning the
company’s future financial performance; plans and objectives of our management; financing plans and
programs, and the effects of competition; industry trends and growth opportunities; inflation and fluctuations
in exchange rates; the company’s investment plans; Embraer’s operating efficiencies and synergies and its
capacity to develop and deliver products on the dates previously agreed upon; results of operation; business
strategies; benefits of new technologies and existing and future governmental regulations. To obtain further
information on factors that may lead to results different from those forecast by Embraer, please consult the
reports Embraer files with the U.S. Securities and Exchange Commission (SEC) and the Brazilian Comissão de
Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and
“Risk Factors” in Embraer’s annual report on Form 20−F. The words “believe”, “may”, “will”, “estimate”,
“intend”, “continue”, “anticipate”, “expect” and other similar terms are intended to identify forward-looking
statements. Embraer does not undertake any obligation to publish updates or to revise any forward-looking
statements due to new information, future events or any other factors. In view of the inherent risks and
uncertainties, such estimates, events and circumstances may not occur. The actual results and performance of
Embraer could therefore differ substantially from those anticipated in Embraer's forward-looking statements.
65
FORWARD LOOKING STATEMENT