2

Company HighlightsCompany Highlights

Investment grade rating by Moody’s and S&P.Investment grade rating by Moody’s and S&P.

Strong balance sheet with solid net cash position.Strong balance sheet with solid net cash position.

Company established in 1969, privatized in 1994 and listed in USA in 2000.Company established in 1969, privatized in 1994 and listed in USA in 2000.

Sector leader in the Dow Jones Sustainability Index 2011/2012.Sector leader in the Dow Jones Sustainability Index 2011/2012.

Broad customer base in commercial and executive aviation, defense and

security segments.

Broad customer base in commercial and executive aviation, defense and

security segments.

Global footprint. Global footprint.

Highly experienced management team.Highly experienced management team.

3

Global BusinessGlobal Business

Operations in Brazil, USA, Europe and Asia Dual listed in Brazil’s Bovespa (1989) and NYSE (2000)

Melbourne*

Fort Lauderdale

Nashville

USA

Taubaté

Botucatu

Gavião Peixoto

São José dos Campos

Brazil

Évora*

Alverca

Portugal

Le Bourget

Villepinte

France

Harbin

Beijing

China

Singapore

Singapore

Countries of Operation Factories Offices Service Centers Contracted/ Planned Authorized Network* Under construction

One of Brazil’s largest exporters of manufactured goods Diversified customer-base across five continents

Mesa

Windsor Locks

São Paulo

Spare Parts Distribution Centers

Louisville

Minneapolis

4

Executive Large JetsExecutive Large Jets

Aircraft DeliveriesAircraft Deliveries

Executive Light JetsExecutive Light JetsCommercial JetsCommercial Jets

103

133

165

125

4527 36 37

21 19 5

98126

101

2 26

2006 2007 2008 2009 2010 1H2011

PhenomPhenom

**

102+*102+*

18*18*

100*100*

2011 deliveries estimates2011 deliveries estimates

Legacy e LineageLegacy e Lineage

5

Net RevenueNet Revenue

Guidance 2011: Net Revenue - US$ 5.8 billionGuidance 2011: Net Revenue - US$ 5.8 billion

2006-2008: US GAAP2009-2010: IFRS2006-2008: US GAAP2009-2010: IFRS**

**** 2011: YTD Guidance

2011: YTD Guidance

US$ Million

3,760

2,415

5,3645,4986,335

5,245

23.2%

19.2%19.4%20.5%20.5%

21.6%

2006 2007 2008 2009* 2010* 2011**

55%

20% 11%

14%

Executive aviationExecutive aviationCommercial aviationCommercial aviation

Aviation services/othersAviation services/othersDefense and securityDefense and security

Net RevenueNet Revenue Gross MarginGross Margin

6

Firm Order BacklogFirm Order Backlog

Firm Order BacklogFirm Order Backlog Backlog/Revenue (Years)Backlog/Revenue (Years)

US$ Billion

14.818.8 20.9

16.6 15.6 15.8

2.8 3.03.8

3.2 3.0 2.8

2006 2007 2008 2009 2010 2Q2011

7

Revenue BreakdownRevenue Breakdown

Revenue by Segment Revenue by Region

Commercial aviationCommercial aviationExecutive aviationExecutive aviationOthersOthers

Aviation servicesAviation servicesDefense and securityDefense and security North AmericaNorth America

BrazilBrazilEuropeEuropeAsia PacificAsia Pacific

Latin AmericaLatin AmericaOthersOthers

67% 62%53%

14%16%

21%

8% 9% 13%

9% 11% 11%2% 2%2%

2008 2009 2010

6.336.33 5.495.49 5.365.36

Net Revenue

US$ Billion*6.336.33 5.495.49 5.365.36

2008: US GAAP2009-2010: IFRS2008: US GAAP2009-2010: IFRS**

43%

22%13%

18%

33%33%

10%7%

15%

4%11% 13%

18% 21% 22%

7% 6% 4%

2008 2009 2010

E-Jets: 60 Airlines from 40 Countries

9

Product PortfolioProduct Portfolio

capacity: 70 to 80 seatsrange: 2,100 nm (3,900 Km)

capacity: 78 to 88 seatsrange: 2,000 nm (3,700 Km)

capacity: 98 to 114 seatsrange: 2,400 nm (4,500 Km)

capacity: 108 to 122 seatsrange: 2,200 nm (4,100 Km)

capacity: 37 seatsrange: 1,750 nm (3,250 Km)

capacity: 50 seatsrange: 1,550 nm (2,900 Km)

capacity: 50 seatsrange: 2,000 nm (3,700 Km)

capacity: 44 seatsrange: 1,650 nm (3,050 Km)

10

Commercial Aviation - Order Book 2Q11Commercial Aviation - Order Book 2Q11

Firm Firm OrdersOrders OptionsOptions TotalTotal DeliveriesDeliveries Firm Firm

BacklogBacklog

ERJ 145 Family 890 - 890 890 -

EMBRAER 170 190 32 222 182 8

EMBRAER 175 189 285 474 136 53

EMBRAER 190 519 305 824 349 170

EMBRAER 195 105 36 141 75 30

TOTAL E-JETSTOTAL E-JETS 1.0031.003 658658 1.6611.661 742742 261261

TOTALTOTAL 1.8931.893 658658 2.5512.551 1.6321.632 261261

11

E-Jets Customer Base EvolutionE-Jets Customer Base Evolution

Source: Embraer (Scheduled Airlines and Leasing Co.) DeliveriesDeliveries

1 2 3 4 9 14 19 28 42 60Customers/Operators

60110 112 118

245

343

440

619

764

1003

0

200

400

600

800

1000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008-11

Acc

um

ula

ted

Fir

m O

rder

s

12

Worldwide DistributionWorldwide Distribution

Diversified Customers Across 5 Continents

Firm Orders

Commercial Jets Market Share Evolution Worldwide

Considering Accumulated Net Orders

60-120 Seats Jets

15%

18%

35%

17%

15%

12%

6%

26%

12%

44%

16%

8%

30%13%

33%

Backlog

Europe & CISMiddle East & AfricaLatin America

North AmericaAsia Pacific & China

North AmericaAsia Pacific & China

43%43%

30%30%

3%3%

7%7%5%5%

13

E-Jets DeploymentE-Jets Deployment

World

Right-sizing New Markets Replacement of old Jets

NaturalGrowth

14

Nearly 1,000 aircraft with more than 15 years old

World Replacement OpportunitiesWorld Replacement Opportunities

B717-200B737-200

B737-500

F70 F28

F100

DC-9Bae 146 TU-134

YAK-42

737-600

0

50

100

150

200

250

300

350

5 15 25 35 45

Nu

mb

er o

f Air

craf

t

Average Age (years)

(Jets 61-120 seats)

Around 7,225 jet deliveries (30-120 seats) in the next 20 years (US$ 320 bi)

15

Embraer Market Forecast (2011-2030)Embraer Market Forecast (2011-2030)

North

America

84032%

NorthAmerica

2,35033%

Latin

America

31512%

LatinAmerica

6709%

Europe

58022%

Europe

1,67523%

Russia / CIS

1556%

Russia / CIS

4356%

Africa

803%

Africa

1953%

Middle East

1054%

Middle East

3104% Asia

Pacific

2108%

Asia Pacific

6159%

China

34013%

China

97513%

Projected Deliveries - Jets

Market Segment

(Seats)

2010 – 2019

Deliveries

30-60 60

61-90 1,015

91-120 1,550

30-120 2,625

Market Segment

(Seats)

2011 – 2030

Deliveries

30-60 430

61-90 2,670

91-120 4,125

30-120 7,225

• Scope Clauses relaxation allowing 80-seater aircraft as a natural growth of RJ50s in the US

• Right-sizing of narrow-body operations

• Regional aviation development in Emerging Markets

• Acceleration of replacement of old & inefficient jets

MRJ70

MRJ90ARJ21

E195

E190

E175

E170

SSJ100/95

CS100

CRJ900

CRJ700

60

70

80

90

100

110

120

1600 1800 2000 2200 2400 2600 2800 3000

Range Nominal

Cap

acit

y 32

'' p

itch

16

110 Seats110 Seats

Competitive LandscapeCompetitive Landscape

70-90 Seats70-90 Seats

100 Seats100 Seats

More than 400 executive jets in operation.

18

Product PortfolioProduct Portfolio

Large

Aircraft Model

Phenom 100

Phenom 300

Legacy 450

Legacy 500

Legacy 600

Lineage 1000

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 CJ1+/M2

• Cessna - CJ3/ CJ4• Hawker – PremierIA,

H400XP

• Bombardier - Lear 45XR/60XR

• Cessna - XLS+

• Cessna - Sovereign• Hawker - H900XP

• Bombardier -Challenger 605

• Dassault – Falcon 2000EX/LX

• Gulfstream – G450

• Airbus - A318 Elite

Legacy 650 13 to 14 passengers/ 3,900 nmCertified: 2010

• Bombardier – Global XRS

• Gulfstream – G550• Dassault – F7X

• Bombardier -Challenger 300

• Gulfstream – G200• Hawker – H4000

19

25% 24% 22% 21% 20%

33% 35% 37% 40%33%

7% 7% 7% 6%9%

12% 13% 13% 14%11%

2.7% 3.1% 3.5% 3.3% 14%19% 16% 16% 14% 11%2% 3% 2% 1% 2%

2005 2006 2007 2008 2009%

OEM

Sha

re –

Tot

al u

nits

749 885 1,040 1,154 870

Market ShareMarket Share

OthersHawker-BeechEmbraer Gulfstream

DassaultCessnaBombardier

Deliveries share (units)Revenue share (US$ - based on B&CA list prices)

Market Deliveries 2010: 763 units.

Embraer Deliveries: 145 units.

Market Revenue 2010: $18.2 Bi.

Embraer Revenue: $1.1 Bi.

Market Revenue 2010: $18.2 Bi.

Embraer Revenue: $1.1 Bi.

30% 29% 28% 29% 28%

16% 16% 17% 18% 12%

11% 11% 12% 12% 18%

23% 23% 23% 24% 21%

3.5% 3.9% 4.7% 4.2% 6.4%10% 9% 8% 8% 8%5% 8% 6% 5% 6%

2005 2006 2007 2008 2009

% O

EM S

hare

– T

otal

Rev

enue

s U

S$

$13.2Bi $16.6Bi $19.3Bi $22.2Bi $17.2Bi

2010

763

6.9%

2010

$18.2Bi

19%

27%

7%

22%

21%

6%10%

20%

23%

12%

13%

10%3%

2011-20 Market Forecast World Deliveries2011-20 Market Forecast World Deliveries

More than 10,000 jets: US$ 210 billion over the next 10 years

20

Forecast

-

200

400

600

800

1.000

1.200

1.400

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

ULTRA LARGE

ULTRA-LONG RANGE

LARGE

SUPER MID-SIZE

MID-SIZE

MID-LIGHT

LIGHT

ENTRY*

New bizjet deliveries (Units)

21

Business Jets TrafficBusiness Jets Traffic

US/FAA Bizjet Flight ActivityUS/FAA Bizjet Flight Activity

European Bizjet Flight ActivityEuropean Bizjet Flight Activity

2005

2006

2007

20082009

2010

2011

20

30

40

50

60

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2005

20062007

20082009

20102011

100

130

160

190

220

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

22

Pre-owned Inventory: RecoveringPre-owned Inventory: Recovering

Business Jets For Sale

0

500

1000

1500

2000

2500

3000

3500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

99 00 01 02 03 04 05 06 07 08 09 10 11

Uni

ts

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

22%

24%

26%

28%

% o

f act

ive

fleet

Fleet up to 5 yrs and positions Positions

Fleet up to 5 yrs Fleet from 6 to 10 yrs

Fleet older than 10 yrs % for sale (per total active fleet)

up to 10 yrs % for sale

Angola

Belgium

Brazil

Niger

France

Gabon

India

Paraguay

Mexico

Peru

Chile

Colombia

Honduras

Uruguay

Argentina

Greece

Italy

Nigeria

EcuadorEquatorial Guinea

Pakistan

Thailand

Dominican Rep.

Panama

United States United Kingdom¹

Kuwait¹

Mauritania

Kenya¹

Togo

Germany

Portugal

Spain

Sweden

Luxembourg

Chad

Libya

Egypt

Tunisia

Canada

Switzerland

Venezuela

Indonesia

Presence in more than 40 countries.

24

Defense and Security PortfolioDefense and Security Portfolio

Advanced Training and Light Attack

Transport of AuthoritiesISR (Intelligence, Surveillance and Reconnaissance)

Modernization Programs Command and Control Systems

Military Tactical Transport

Services

Super TucanoSuper Tucano

25

• Firm orders: 180 aircraft

• Brazil: 99

• Colombia: 25

• Dominican Republic: 8

• Chile: 12

• Ecuador: 18

• Indonesia: 8

• XE Aviation: 1

• Undisclosed: 9

• Deliveries: 156 aircraft

• To be delivered: 24 aircraft

• Prospects:

• Latin America

• South East Asia

• USA

• Africa

•Entering the “Joint Definition Phase”

•Market Forecast 2025: 700 aircraft / US$ 50+ bi

• New tactical military transport aircraft

• Payload: 23 ton / Range: 1400 nm

• Brazil, Chile, Colombia, Portugal, Czech Republic and Argentina signed LOI for up to 60 KC-390 aircraft.

Length: 33.81 m (110.9 ft)

Wingspan: 35.06 m (115.0 ft)

Height: 10.26 m (33.7 ft)

EMBRAER KC-390EMBRAER KC-390

26

27

EMBRAER KC-390 Main Partners SelectedEMBRAER KC-390 Main Partners Selected

Rockwell Collins: Pro Line Fusion avionics.

DRS Defense: cargo handling and aerial delivery system (CHS/ADS).

ELEB: landing gears.

Liebherr-Aerospace: environmental and cabin pressure control systems.

Esterline: autothrottle system.

Messier-Bugatti-Dowty: wheels, brakes, landing gear extension and retraction system, and nose wheel

steering manifold.

IAE: V2500 engine.

BAE Systems: fly-by-wire flight control systems (computers and electronics).

Goodrich: primary flight control system (electro-hydrostatic actuators, electro-backup hydrostatic

actuators, actuator electronics, and electrical controls).

Acquisition of Atech Negócios em Tecnologias S.A. (50%)

C4I Systems

Commercial Agreement

Small UAV

Acquisition of OrbiSat da Amazônia S.A radar´s division

Remote sensing and surveillance radars (ground, air and maritime)

Elbit /AEL joint-venture to form a new company with Embraer Defense and Security majority participation

UAS, simulators and modernization of avionics systemsHarpia

Acquisitions and PartnershipsAcquisitions and Partnerships

29

Brazilian Army PrioritiesBrazilian Army Priorities

SISFRONIntegrated Borders Monitoring System

Estimate: US$ 4 Billion

Comprising radars, communication networks, C4I, unmanned air vehicles (UAV) and armored vehicles

Comm9% UAV

12%

SW20%

Sensors59%

Revenue by Region - 2010Revenue by Region - 2010

Developed Market

19%

Emerging Market

81%

Europe 16%

North América 3%

Latin America 33% Asia Pacific/ Africa 21%

Brazil 27%

8.0%8.0%

Current OutlookCurrent Outlook New OutlookNew Outlook

US$ 465 millionUS$ 465 million~11%~11%

2011 Outlook Revision2011 Outlook Revision

US$ 420 millionUS$ 420 million

Net RevenuesNet Revenues

EBITEBIT

EBIT marginEBIT margin

US$ 5.6 billionUS$ 5.6 billion

7.5%7.5%

US$ 5.8 billionUS$ 5.8 billion~4%~4%

US$ 610 millionUS$ 610 millionEBITDAEBITDA

EBITDA marginEBITDA margin 11.0%11.0% 12.0%12.0%

US$ 700 millionUS$ 700 million~15%~15%

ResearchResearch

DevelopmentDevelopment

US$ 90 million US$ 90 million

US$ 210 millionUS$ 210 million

CAPEXCAPEX US$ 200 millionUS$ 200 million

33

2011 Outlook Revision2011 Outlook Revision

Current OutlookCurrent Outlook

US$ Million

YTD Outlook

38

83 7190

160200

Research Development CAPEX

US$ 160 millionUS$ 160 million

New OutlookNew Outlook

US$ 90 million US$ 90 million

US$ 200 millionUS$ 200 million

Financial Results Financial Results

IFRSIFRS

35

Net Revenues / SG&A ExpensesNet Revenues / SG&A Expenses

Net Revenues - US$ Million

Net RevenuesNet Revenues Gross MarginGross Margin

SG&A Expenses - US$ Million

Selling ExpensesSelling Expenses G&A ExpensesG&A Expenses

1,3581,044

1,970

1,0561,359

22.4%24.3%

16.8%

20.5%20.2%

2Q10 3Q10 4Q10 1Q11 2Q11

94 89106 94

49 53

6157

64

109

2Q10 3Q10 4Q10 1Q11 2Q11

142142

167167 173173

143143 151151

Guidance 2011 - Net Revenue: US$ 5.8 billionGuidance 2011 - Net Revenue: US$ 5.8 billion

36

Income from Operations / EBITDAIncome from Operations / EBITDA

EBITEBIT EBIT MarginEBIT Margin

Income from Operations - US$ Million

EBITDAEBITDA EBITDA MarginEBITDA Margin

EBITDA - US$ Million

EBIT: US$ 465 million EBIT Margin: 8%

EBIT: US$ 465 million EBIT Margin: 8%2011 Outlook -2011 Outlook - EBITDA: US$ 700 million

EBITDA Margin: 12% EBITDA: US$ 700 million

EBITDA Margin: 12%2011 Outlook -2011 Outlook -

66

132

94

122106

9.0%

6.4%

6.7% 8.9% 7.8%

2Q10 3Q10 4Q10 1Q11 2Q11

166131

197156 153

12.2% 12.5%

10.0%14.8% 11.3%

2Q10 3Q10 4Q10 1Q11 2Q11

37

Net Income / Free Cash FlowNet Income / Free Cash Flow

Net Income - US$ Million Free Cash Flow - US$ Million

Net IncomeNet Income Net MarginNet Margin

96105123126

57

7,1%

10,0%

6,2%12,1%

4,2%

2Q10 3Q10 4Q10 1Q11 2Q11

(38)

(126)

193

(66)

220

2Q10 3Q10 4Q10 1Q11 2Q11

38

Indebtedness Profile / Net CashIndebtedness Profile / Net Cash

Indebtedness Maturity Net Cash - US$ Million

Long-termLong-term Short-termShort-term

Loans Average Maturity (Years)Loans Average Maturity (Years)

95% 90%

22%6%

87%94%

78%

13%10%5%

5.0

5.7

6.36.1

5.8

2Q10 3Q10 4Q10 1Q11 2Q11

652 618692

505406

2Q10 3Q10 4Q10 1Q11 2Q11

Total Debt 2Q11: US$ 1.72 BillionTotal Debt 2Q11: US$ 1.72 Billion Total Cash 2Q11: US$ 2.13 BillionTotal Cash 2Q11: US$ 2.13 Billion

10th anniversaries: NYSE Euronext listing.

Presence in China, Singapore and GPX.

10th anniversaries: NYSE Euronext listing.

Presence in China, Singapore and GPX.

40

Embraer elected for the 3rd consecutive year, one

of the best companies to work for in Brazil.

Embraer elected for the 3rd consecutive year, one

of the best companies to work for in Brazil.

2010 Accomplishments2010 Accomplishments

Embraer selected as Gold Class

on the DJSI and also on the ISE.

Embraer selected as Gold Class

on the DJSI and also on the ISE.

41

Lean Results: E-Jets Final Assembly Lean Results: E-Jets Final Assembly Line TransformationLine Transformation

“Dock” layout - 2008 Assembly Line – 2009 Assembly Line – 2011

0

0

68

8

4

Mar/11 (10ac/month)

00,21,51,510Over time (% of work hours)

001,7732Number of non-conformity per a/c

688995106212Work in process (US$mi)

78101218Cycle time (days)

445612Number of positions

Out/11 (12ac/month)

June/2010 (8ac/month)

Sep/2009 (10ac/month)

July/2009 (10ac/month)

May/2008 (15ac/month)

Performance indicators

0

0

68

8

4

Mar/11 (10ac/month)

00,21,51,510Over time (% of work hours)

001,7732Number of non-conformity per a/c

688995106212Work in process (US$mi)

78101218Cycle time (days)

445612Number of positions

Out/11 (12ac/month)

June/2010 (8ac/month)

Sep/2009 (10ac/month)

July/2009 (10ac/month)

May/2008 (15ac/month)

Performance indicators

42

Automation Initiatives 2010Automation Initiatives 2010

Automation initiatives continues in 2011…

43

Sustainability InitiativesSustainability Initiatives

Brazilian Alliance for Bio-fuel

Reforestation Projects

ISO 14001 and OHSAS 18001 Certifications

Sustainability InitiativesSustainability Initiatives

1st ethanol powered aircraft in the World

IpanemaIpanemaRecycling

Corporate ValuesGreener Technology

Social Activities

44

723,665,044 Voting Shares723,665,044 Voting Shares

Ownership StructureOwnership Structure

June, 2011

PREVI11.1%

BNDESPAR5.5%

BM&FBOVESPA OTHERS24.2%

BLACK ROCK5.1%

THORNBURG INVESTMENT

6.7%

OPPENHEIMER FUND'S8.6%

NYSE OTHERS32.8%

GRUPO BOZANO

6.0%

NYSE53.1% 46.9%

BM&FBOVESPA

45

Investors’ ReturnInvestors’ Return

Pay OutPay OutEPADSEPADS

2006-2008: US GAAP2009-2010: IFRS2006-2008: US GAAP2009-2010: IFRS**

2.11 2.64

2.14 2.57

1.83

53% 68% 52%

26% 34%

2006 2007 2008 2009* 2010*

EPADS and Pay Out Dividend Yield (%)

2.012.91

4.34

3.28

2.23

2006 2007 2008 2009 2010

47

Forward Looking StatementForward Looking Statement

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.