FY2011 Earnings Results March 21st, 2012

This information is the property of Embraer and cannot be used or reproduced without written consent. 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. 2

This information is the property of Embraer and cannot be used or reproduced without written consent. Delivery of 105 E-Jets in 2011 (32 in 4Q11), reaching 802 total deliveries since EIS. 3 Increased presence with leasing companies (CIT, BOC Aviation, GECAS, Air Lease, CDB). Sale of 45 E-Jets in 4Q11 totaling 124 in 2011 (28% above 2010 sales), reaching 1,051 firm orders. Book to bill = Highlights

This information is the property of Embraer and cannot be used or reproduced without written consent. 4 Legacy 500 first prototype roll out. Delivery of 99 executive jets in 2011 (83 light jets and 16 large jets). 50 jets delivered only in 4Q11. Global Customer Center opening in Melbourne, FL and delivery of first Phenom 100 made in the U.S.A. Globally renowned movie star Jackie Chan joins Legacy 650 family Highlights

This information is the property of Embraer and cannot be used or reproduced without written consent. 5 Modernization programs of AMX and A-4 Skyhawk on track Highlights KC-390 development program ongoing and on schedule. Selection of main suppliers. AEW India program: maiden flight of the first of three aircraft in 4Q11. Growth through acquisitions and partnerships. HARPIA JV Embraer/ Telebrás

This information is the property of Embraer and cannot be used or reproduced without written consent. Embraer elected for the 3rd consecutive year, one of the best companies to work for in Brazil and for the 1st time in Florida. 6 Operational performance surpassed 2011 outlook. Embraer selected as sector leader on the DJSI and also on the ISE Highlights

This information is the property of Embraer and cannot be used or reproduced without written consent. Large Jets - Legacy & Lineage Aircraft Deliveries Light Jets - Phenom Commercial JetsExecutive Jets 7

This information is the property of Embraer and cannot be used or reproduced without written consent. Firm Backlog US$ Billion Commercial aviation Executive aviation Defense and security 8

This information is the property of Embraer and cannot be used or reproduced without written consent. Net Revenues 2011 Outlook: US$ 5.6 – 5.8 billion : USGAAP : IFRS * US$ Million 9

This information is the property of Embraer and cannot be used or reproduced without written consent. 10 Revenues Breakdown Revenues by SegmentRevenues by Region Commercial aviation Executive aviation Others Defense and security North America Brazil Europe Asia Pacific Latin America Others Net Revenues US$ Billion

This information is the property of Embraer and cannot be used or reproduced without written consent. 11 Net Revenues and Gross Margin IFRS - US$ Million IFRS - R$ Million US$ 20105, % 20115, % Net Revenues Gross Margin

This information is the property of Embraer and cannot be used or reproduced without written consent. 12 SG&A Expenses IFRS - US$ Million Selling Expenses G&A Expenses IFRS - R$ Million US$

This information is the property of Embraer and cannot be used or reproduced without written consent. AMR Provisions and Additional Adjustments American Airlines: US$ 317 million Cancellations fees: US$ 67 million 2011 Results net impact US$ 293 million Financial expenses US$ 107 million Other operating expenses US$ 186 million Additional adjustments: US$ 43 million EBIT: No impact EBIT: Impact 13

This information is the property of Embraer and cannot be used or reproduced without written consent. Income from Operations EBIT: US$ 465 million EBIT Margin: 8.0% – 8.3% 2011 Outlook: : USGAAP : IFRS * US$ Million 8.7% EBIT EBIT Margin

This information is the property of Embraer and cannot be used or reproduced without written consent. 15 Income from Operations IFRS - US$ Million IFRS - R$ Million US$ % % EBIT EBIT Margin

This information is the property of Embraer and cannot be used or reproduced without written consent. EBITDA EBITDA: US$ 700 million EBITDA Margin: 12.0% – 12.5% 2011 Outlook: : USGAAP : IFRS * EBITDA EBITDA Margin US$ Million 12.8%

This information is the property of Embraer and cannot be used or reproduced without written consent. 17 EBITDA IFRS - US$ Million IFRS - R$ Million US$ % % EBITDA EBITDA Margin

This information is the property of Embraer and cannot be used or reproduced without written consent : USGAAP : IFRS * Net Income Net Margin US$ Million 5.3% Net Income

This information is the property of Embraer and cannot be used or reproduced without written consent. 19 Net Margin Net Income IFRS - US$ Million IFRS - R$ Million US$ % %

This information is the property of Embraer and cannot be used or reproduced without written consent. EPADSPay Out US$ Million 35% EPADS and Pay Out : US GAAP : IFRS *

This information is the property of Embraer and cannot be used or reproduced without written consent. 21 Inventories / Free Cash Flow Free Cash Flow - US$ Million Inventories - US$ Million US$ 20102, ,288 US$

This information is the property of Embraer and cannot be used or reproduced without written consent. 22 Indebtedness Profile Net Cash Long-term Short-term Loans Average Maturity (Years) Indebtedness Maturity Net Cash - US$ Million Total Debt 4Q11: US$ 1.7 BillionTotal Cash 4Q11: US$ 2.1 Billion

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