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

103

133

165

125

73

27 36 3721 19 6

98126

101

243

2006 2007 2008 2009 2010 9M2011

4

Executive Large JetsExecutive Large Jets

Aircraft DeliveriesAircraft Deliveries

Executive Light JetsExecutive Light JetsCommercial JetsCommercial JetsPhenomPhenom

**

102+*102+*

18*18*

100*100*

2011 deliveries estimates2011 deliveries estimates

Legacy e LineageLegacy e Lineage

5

RevenuesRevenues

Guidance 2011: Net Revenues (US$ 5.6 – 5.8 billion)

Guidance 2011: Net Revenues (US$ 5.6 – 5.8 billion)

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

**** 2011: YTD Guidance

2011: YTD Guidance

US$ Million

55%

20% 11%

14%

Executive aviationExecutive aviationCommercial aviationCommercial aviation

Aviation services/othersAviation services/othersDefense and securityDefense and security

3.760

5.2456.335

5.498 5.364

3.778

2006 2007 2008 2009* 2010* 2011**

89%71%

62%53%

7%16%

21%

11% 9% 13%

7% 11% 13% 13%1% 4%

2000 2005 2009 2010

6

Revenues by SegmentRevenues by Segment

Commercial aviationCommercial aviation

Executive aviationExecutive aviation Aviation services/othersAviation services/others

Defense and securityDefense and security

Net Revenues

US$ Billion*3.833.83 5.505.50 5.365.362.732.73

2009-2010: IFRS2009-2010: IFRS**

46% 43%

22%13%

24%18%

33%

33%

12%

10%7%

15%

4%

4%11% 13%

6%18% 21% 22%

8% 7% 6% 4%

2007 2008 2009 2010

7

Revenues by RegionRevenues by Region

Latin AmericaLatin America

OthersOthers

North AmericaNorth America

BrazilBrazil Asia PacificAsia Pacific

EuropeEurope

2009-2010: IFRS2009-2010: IFRS**

Net Revenues

US$ Billion*6.336.33 5.505.50 5.365.365.245.24

8

Firm BacklogFirm Backlog

US$ Billion

14.818.8

20.916.6 16.015.6

2006 2007 2008 2009 2010 3Q2011

E-Jets: 60 Airlines from 40 Countries

9

10

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)

11

Commercial Aviation - Order Book 3Q11Commercial Aviation - Order Book 3Q11

Firm Firm OrdersOrders OptionsOptions TotalTotal DeliveriesDeliveries Firm Firm

BacklogBacklog

ERJ 145 Family 890 - 890 890 -

EMBRAER 170 188 34 222 182 6

EMBRAER 175 189 290 479 136 53

EMBRAER 190 531 293 824 371 160

EMBRAER 195 110 36 146 81 29

TOTAL E-JETSTOTAL E-JETS 1.0181.018 653653 1.6711.671 770770 248248

TOTALTOTAL 1.9081.908 653653 2.5612.561 1.6601.660 248248

12

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

13

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%

14

E-Jets DeploymentE-Jets Deployment

World

Right-sizing New Markets Replacement of old Jets

NaturalGrowth

15

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)

16

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

17

110 Seats110 Seats

Competitive LandscapeCompetitive Landscape

70-90 Seats70-90 Seats

100 Seats100 Seats

More than 400 executive jets in operation.

18

19

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• HondaJet

• Cessna - CJ2+/CJ3/CJ4• Hawker - PremierIA/400XP• Bombardier - Learjet 40XR• SyberJet - SJ30

• Bombardier - Learjet 45XR• Cessna - XLS+/Latitude• Hawker 750

• Bombardier - Learjet 60XR/85• Cessna - Sovereign• Hawker - H900XP• Gulfstream – G150

• Bombardier - CL605/GL5000• Dassault - Falcon 2000/900LX• Gulfstream - G350/G450

• Airbus - ACJ 318/319/320• Boeing – BBJ/BBJ2/BBJ3• SSJ VIP/ ARJ21B / An-148VIP

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

• Bombardier - GL XRS• Gulfstream – G500/G550/G650• Dassault – Falcon 7X

• Bombardier - CL300/CL850• Cessna - X/Ten• Dassault - Falcon 2000S• Gulfstream - G200/G280• Hawker - H4000

20

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)Revenues share (US$ - based on B&CA list prices)

Market Deliveries 2010: 763 units.

Embraer Deliveries: 145 units.

Market Revenues 2010: $18.2 Bi.

Embraer Revenues: $1.1 Bi.

Market Revenues 2010: $18.2 Bi.

Embraer Revenues: $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%

0

200

400

600

800

1.000

1.200

1.400

1.600

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

New Jets Deliveries Values (Units)2012-2021 Forecast

Sustained Growth2012-2021 11,275 units

Downturn2012-2021 9,125 units

2012-21 Market Forecast World Deliveries2012-21 Market Forecast World Deliveries

9,125 ~ 11,275 jets US$ 210 ~ 260 billion over the next 10 years21

22

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)

2012-21 Market Forecast World Deliveries2012-21 Market Forecast World Deliveries

11,275 jets US$ 260 billion over the next 10 years

North AmericaEMB >170 a/c EMEA

EMB >150 a/c

Asia PacificEMB ~20 a/c

BrazilEMB 90 a/c

Latin AmericaEMB ~100 a/c

2012-21 Market Forecast and2012-21 Market Forecast andEmbraer Actual Fleet DistributionEmbraer Actual Fleet Distribution

23

5,265 a/c (47%) US$ 109 Bi (42%)

905 a/c (8%)US$ 16 Bi (6%) 550 a/c (5%)

US$ 8 Bi (3%)

3,415 a/c (30%)US$ 88 Bi (34%)

1,690 a/c (15%)US$ 48 Bi (18%)

2010

24

Business Jets TrafficBusiness Jets Traffic

US/FAA Bizjet Flight ActivityUS/FAA Bizjet Flight Activity

European Bizjet Flight ActivityEuropean Bizjet Flight Activity

20052007

20062004

20082009

2010

130

140

150

160

170

180

190

200

210

220

230

Jan

Feb Mar Apr

May Ju

nJu

lAug

Sep OctNov

Dec

2011

2005

2007

2006

2004

20082009

25

30

35

40

45

50

55

60

Jan

Feb Mar Apr

May Ju

nJu

lAug

Sep OctNov

Dec

2011

25

Pre-owned Inventory: RecoveringPre-owned Inventory: Recovering

Business Jets 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.

26

27

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

28

• 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

29

30

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

31

32

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%

Revenues by Region - 2010Revenues by Region - 2010

Developed Market

19%

Emerging Market

81%

Europe 16%

North América 3%

Latin America 33% Asia Pacific/ Africa 21%

Brazil 27%

33

34

OutlookOutlook

2011 Outlook2011 Outlook

US$ 465 millionUS$ 465 million

Net RevenuesNet Revenues

EBITEBIT

EBIT marginEBIT margin

US$ 5.6 – 5.8 billionUS$ 5.6 – 5.8 billion

8.0% - 8.3%8.0% - 8.3%

US$ 700 millionUS$ 700 millionEBITDAEBITDA

EBITDA marginEBITDA margin 12.0% - 12.5%12.0% - 12.5%

35

ResearchResearch

DevelopmentDevelopment

US$ 90 million US$ 90 million

US$ 160 millionUS$ 160 million

CAPEXCAPEX US$ 200 millionUS$ 200 million

36

2011 Outlook2011 Outlook

OutlookOutlook

US$ Million

YTD Outlook

59 72109

90

160200

Research Development CAPEX

Financial Results Financial Results

IFRSIFRS

37

38

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

Guidance 2011 - Net Revenues: US$ 5.6 - 5.8 billionGuidance 2011 - Net Revenues: US$ 5.6 - 5.8 billion

1,044

1,970

1,0561,359 1,364

21.2%22.4%

24.3%

16.8%20.5%

3Q10 4Q10 1Q11 2Q11 3Q11

89106 94

109

53

6157

64 69

103

3Q10 4Q10 1Q11 2Q11 3Q11

142142

167167 173173 172172

151151

39

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: 8.0% - 8.3%

EBIT: US$ 465 million EBIT Margin: 8.0% - 8.3%2011 Outlook -2011 Outlook -

EBITDA: US$ 700 million EBITDA Margin: 12.0% -

12.5%

EBITDA: US$ 700 million EBITDA Margin: 12.0% -

12.5%2011 Outlook -2011 Outlook -

132

94106

124

66

9.1%

7.8%8.9%6.7%

6.4%

3Q10 4Q10 1Q11 2Q11 3Q11

131

197156 153

188

12.5% 10.0%14.8%

11.3%

13.8%

3Q10 4Q10 1Q11 2Q11 3Q11

40

Net Income / Free Cash FlowNet Income / Free Cash Flow

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

Net IncomeNet Income Net MarginNet Margin

126 123105 96

2

12.1%

6.2%

10.0%

7.1%

0.1%

3Q10 4Q10 1Q11 2Q11 3Q11

(112)

(38)

(126)

193

(66)

3Q10 4Q10 1Q11 2Q11 3Q11

41

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)

90% 87%

6% 5%

74%95%

94%

26%13%10%

4.55.0

5.76.36.1

3Q10 4Q10 1Q11 2Q11 3Q11

Total Debt 3Q11: US$ 1.8 BillionTotal Debt 3Q11: US$ 1.8 Billion Total Cash 3Q11: US$ 2.0 BillionTotal Cash 3Q11: US$ 2.0 Billion

618692

505406

193

3Q10 4Q10 1Q11 2Q11 3Q11

10th anniversaries: NYSE Euronext listing.

Presence in China, Singapore and GPX.

10th anniversaries: NYSE Euronext listing.

Presence in China, Singapore and GPX.

43

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.

44

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

45

Automation Initiatives 2010Automation Initiatives 2010

Automation initiatives continues in 2011…

46

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

47

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

Ownership StructureOwnership Structure

September, 2011

PREVI10.6%

BNDESPAR5.5%

BM&FBOVESPA OTHERS24.3%

BLACK ROCK5.1%

THORNBURG INVESTMENT

6.8%

OPPENHEIMER FUND'S8.7%

NYSE OTHERS32.9%

GRUPO BOZANO

6.0%

NYSE53.5%

BM&F BOVESPA

46.5%

48

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

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.