Embraer Day

Executive Aviation Overview

Luís Carlos AffonsoEmbraer Executive Vice-President, Executive Jets

São Paulo – March 25th, 2011

Forward 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.

-3

-2

-1

0

1

2

3

4

52002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Source: The Economist, – 2010 // Mar 2011

Gro

wth

Rat

e %

Real GDP growth rate, YoY%

The Economist – Mar11

3,1%

3,6%

3,8%

2010

2,5%

2,7%

3,1%

2011

2,9%

2,9%

3,2%

2012

3,0%

3,0%

3,3%

2013

3,0%The Economist – Dec10

3,1%The Economist – Oct10

The Economist – Mar11

Source

3,0%

2014

World Real GDP

growth

The Economist – Dec10

The Economist – Oct10

World GDP growth rates

0

200

400

600

800

1.000

1.200

1.400

1.600

I II III I I II III I I II III I I II III I I II III I I II III I I II III

2004 2005 2006 2007 2008 2009 2010

bill

ion

s o

f do

llars

Source: BEA – Bureau of Economic Analysis and Embraer estimates – February 2011

U.S. Corporate Profits

Financial

Nonfinancial

2007 avg

Low

Current

+100%

+10%

Global Stock Markets return %

Highlighted area: >10% overall dropSource: Yahoo Finance, February 2011

Stock markets

SSE Composite (China)

IBOVESPA (Brazil)

S&P500 (US)

FTSE100 (UK)

RTS (Russia)

20052007

20062004

2008

2009

2010

130

140

150

160

170

180

190

200

210

220

230

Jan

Feb Mar Apr

May Ju

n

Jul

Aug

Sep Oct

Nov

Dec

Business Jets Traffic – United States

FAA - Total Monthly Flights (Thousands)

Source: FAA – Mar 20111 – 2011 data is preliminary

2011

2005

2007

2006

2004

20082009

25

30

35

40

45

50

55

60

Jan

Feb Mar Apr

May Ju

n Jul

Aug

Sep Oct

Nov

Dec

2010

Eurocontrol - Total Monthly Flights (Thousands)

Business Jets Traffic – Europe

Source: Eurocontrol – Mar 2011

2011

Business Jets For Sale

Source: Embraer analysis – March/2011

Used market: inventory

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

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

Un

its

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

2008: Net increase of 1100 a/c

2009: Net increase of 33 a/c

2010: Net decrease of 155 a/c

2011: Net decrease of 94 a/c

14.2%

2555 jets

9.3%

761 jets

763870

1.1541.040

885

749

2005 2006 2007 2008 2009 2010

Industry deliveries – historical evolution

Units

Source: GAMA reports –Embraer analysis – Mar/11

Industry deliveries – historical evolution

Revenue (billions of US$)

Source: GAMA reports –Embraer analysis – Mar/11

based on B&CA list prices

18,217,2

22,219,3

16,6

13,2

2005 2006 2007 2008 2009 2010

2011-2020 Market Forecast

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)

Source: ACAS and GAMA for the historical data. B&CA list prices and Embraer analysis, Mar 2011

10,000 jets and US$ 210 billion over the next 10 years

2011-20 Market Forecast – World Deliveries

Source: Embraer VAE analysis – Aug/2010.

10,000 jets and US$ 210 billion over the next 10 years

2011-20 Market Forecast – World Deliveries

43.2% North America &

Caribbean

US$ 90.5 Bi

33.3% EMEA

US$ 70.0 Bi

16.7%Asia Pacific

US$ 35.0 Bi

2011-2020 revenues forecast

6.8%China

US$ 14.3 Bi

Source: Embraer VAE analysis – Aug/2010.

3.0%Brazil

US$ 6.3 Bi

6.8%Latin America*

US$ 14.2 Bi

Vision

To become a major player in the Business Aviation Market by

2015 through innovative and differentiating product and

service solutions with added value to our customers and

shareholders.

Differentiated Support

Strong Economics

Prem

ium

C

omfo

rtHigh Reliability

Outstanding

Perform

ance

Value Proposition

Advanced Technology &Innovations

Entry

Light

Mid-light

Mid-size

Super Mid-Size

Large

Ultra-Long Range

Ultra-large

Embraer Product Portfolio

Customer Support & Services

� Service Centers Network - global coverage

� Logistics and Parts Support – global coverage

� Field and Product Support

� Customer Care Program - EEC

� Training Programs – total solution

Customer Support Solution

Over US$ 100 millioninvestment

Service Centers Network

Embraer Service Center

Contracted Authorized Network Presence in 43 locations

EXECUJET Sydney, Australia

New S.C.Mar/11

EmbraerBradley, CT

New S.C.Feb/11

AirworksIndia

New S.C. PhenomFeb/11

TRANSPAÍS Mexico

New S.C.Oct/10

EXECUJET Dubai, UAE

New S.C.Dec/10

EXECUJET Melbourne, Australia

New S.C.Feb/10

Clay LacyCA, EUANew S.C.

Feb/10

EmbraerBrazil

ExpansionJun/10

Service Centers Network – 2010/11 expansion

Embraer Service Center

Contracted Authorized Network

Customer Relationship Web Portal

� Technical Publications

� AHeAD (Health Monitoring)

� Operational Software

� Flight Docs (MaintenanceControl

� Customer Forum

� Parts E-commerce

� Warranty

� Embraer Parts Exchange Program

� Embraer Executive Care Management

� Web Based Training Learning Management System

Integrated relationship tools to enhance customer’s experience

2010 Performance and 2011 Outlook

Legacy 600/650 >190 a/c

Fleet in operation

Lineage 1000 / 170 Shuttle>10 a/c

Phenom 100 ~200 a/c

Phenom 300 ~30 a/c

29% 29% 28% 28% 28% 27%

18% 18% 19% 19%13%

7%

11% 11% 12% 12%18%

22%

23% 22% 23% 24% 21% 21%

3,4% 3,8% 4,6% 4,1% 6,4% 6,9%

10% 8% 8% 8% 8% 6%

10%5% 8% 6% 5% 6%

2005 2006 2007 2008 2009 2010

% O

EM

Sh

are

– T

ota

l R

ev

en

ue

s U

S$

Others

Hawker-Beech

Embraer

Gulfstream

Dassault

Cessna

Bombardier

$13,2Bi $16,6Bi $19,3Bi $22,2Bi $18,2Bi$17,2Bi2010

$ 18,2 Bi

Source: GAMA reports –Embraer analysis – Mar/11

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

2010 Performance - Revenue share (US$)

25% 24% 22% 21% 20% 20%

33% 35% 37% 40%33%

23%

7% 7% 7% 6%9%

12%

12% 13% 13% 14%

11%13%

2,7% 3,1% 3,5% 3,3%14,0% 19,0%

19% 16% 16% 14% 11% 10%

2% 3% 2% 1% 2% 3%

2005 2006 2007 2008 2009 2010

% O

EM

Sh

are

– T

ota

l u

nit

s Others

Hawker-Beech

Embraer

Gulfstream

Dassault

Cessna

Bombardier

2010-Final749 885 1.040 1.154 870

2010 763

Units

2010 Performance - Deliveries share (units)

Source: GAMA reports –Embraer analysis – Mar/11

Melbourne Facility

Ribbon-cutting ceremony: 21 February 2011

Legacy 500 – Program Status

Forward Fuselage

Empennage: Horizontal tail

Aft Fuselage

Forward Fuselage

Center Fuselage & Wing Stub

2011 Delivery Outlook – Executive Jets

Light jets 2011

units 100

Large jets 2011

units 18

Revenue: US$ 1.2 billion in Products + US$ 50 million in Services

THANK YOU !

This presentation is the property of Embraer S.A. ("Embraer") and shall not be copied, in whole or in part,

or used in any manner, except with Embraer´s prior written consent.

Embraer reserves the right to revise this document whenever occasioned by product improvements,

governmental regulations or other good cause.

All images: figures, finishing materials and colors are for illustration purpose only, and may not represent

the real and final product accurately.

Some features are optional items not included in the baseline aircraft and are subject to price increase and

lead-time analysis.

All data presented shall not be used as guarantee. Guaranteed specifications are listed in the technical

description and represent the only binding guarantee.

In the event of any conflict between this presentation and the technical description, the technical

description shall govern.