Embraer's 4th Quarter and Fiscal Year 2012 Results in IFRS

          Embraer's 4th Quarter and Fiscal Year 2012 Results in IFRS

PR Newswire

SAO JOSE DOS CAMPOS, Brazil, March 12, 2013

SAO JOSE DOS CAMPOS, Brazil, March 12, 2013 /PRNewswire/ -- EMBRAER S.A.
(NYSE: ERJ; BM&FBOVESPA: EMBR3) RELEASES 4^th quarter and fiscal year 2012
results.

HIGHLIGHTS

  oDuring the 4^th quarter of 2012 (4Q12), Embraer delivered 23 commercial
    and 53 executive aircraft and ended the year with total deliveries of 106
    commercial and 99 executive aircraft (77 light jets and 22 large jets);
  oAs a consequence, 2012 Revenues totaled US$ 6,177.9 million, in line with
    the annual Revenue guidance range of US$ 5.8 to US$ 6.2 billion;
  o4Q12 EBIT and EBITDA margins were strong and reached 12.0% and 16.4%,
    respectively. As a result, 2012 EBIT and EBITDA margins were 9.9% and
    14.4%, respectively, surpassing the Company's EBIT and EBITDA margin
    guidance for the year of 9.0% to 9.5% and 12.5% to 13.5% respectively;
  oPositive operating cash generation of US$ 525 million in 4Q12 increased
    the Company's net cash position to US$ 312.9 million at the end of 2012;
  oNet income attributable to Embraer Shareholders was US$ 123.2 million in
    4Q12 and totaled US$ 347.8 million for 2012. Earnings per ADS for 4Q12 and
    2012 totaled US$ 0.6797 and US$ 1.9188, respectively.

MAIN FINANCIAL INDICATORS
                            in millions of U.S. dollars, except % and earnings
                            per share data
IFRS   3Q12  (1)   4Q12 (2)     (1)
                                       4Q11                    2011    2012
Revenue    1,404.5    2,025.1    1,900.2      5,803.0 6,177.9
EBIT    100.9      (5.9)      228.0        318.2   612.1
EBIT Margin %          7.2%       -0.3%      12.0%        5.5%    9.9%
EBITDA       166.0      59.2       311.5        557.0   890.9
EBITDA Margin %            11.8%      2.9%       16.4%        9.6%    14.4%
Net income (loss)
attributable to Embraer     65.2       (91.8)     123.2        111.6   347.8
Shareholders
Earnings (loss) per share - 0.3594     (0.5072)   0.6797       0.6169  1.9188
ADS basic (US$)
Net Cash               123.2      445.7      312.9        445.7   312.9
(1) Derived from unaudited
financial information.
(2) Derived from audited
financial information.

For additional information, please check the full document in our website:
http://ri.embraer.com.br

INVESTOR RELATIONS

Luciano Froes, Caio Pinez, Claudio Massuda, Juliana Villarinho and Paulo
Ferreira
(+55 12) 3927-4404
investor.relations@embraer.com.br
http://ri.embraer.com.br
Follow Embraer's IR Department on twitter: @IREmbraer

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 4Q and FY2012 Results in
IFRS on Wednesday, March 13^th, 2013 at 10:30AM (SP) / 09:30AM (NY). The
conference call will also be broadcast live over the web at
http://ri.embraer.com.br

Telephones:
Operator Assisted (US/Canada) Toll-Free Dial-In Number: (877) 846-1574
Operator Assisted International Dial-In Number: (+1 708) 290-0687
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line)
and 0800 047 4801 (cell phone)
Code: 74559173

SOURCE Embraer S.A.

Website: http://ri.embraer.com.br
 
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