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Embraer Announces Its Second Quarter 2013 Results

              Embraer Announces Its Second Quarter 2013 Results

PR Newswire

SAO JOSE DOS CAMPOS, Brazil, July 25 , 2013

SAO JOSE DOS CAMPOS, Brazil, July 25 ^ , 2013 /PRNewswire/ -- EMBRAER S.A.
(NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its second quarter 2013 results.

HIGHLIGHTS

  oIn the second quarter of 2013 (2Q13), Embraer delivered 22 commercial and
    29 executive (23 light and 6 large) jets;
  oThe Company's firm order backlog grew to US$ 17.1 billion, reaching its
    highest level since the third quarter of 2009, mainly as a result of
    significant orders in the Commercial aviation segment;
  oAs a result of aircraft deliveries, coupled with revenues from the
    Company's growing Defense & Security business, 2Q13 Revenues reached US$
    1,557.0 million and gross margin was 23.1% for the period;
  oEBIT and EBITDA margins were 8.7% and 13.1% respectively, in 2Q13;
  oPositive operating cash generation of US$ 412.8 million in 2Q13;
  o2Q13 Net income (loss) attributable to Embraer Shareholders and Earnings
    (loss) per ADS basic totaled negative US$ 5.3 million and negative US$
    0.0291, respectively, primarily as a result of Deferred income taxes
    generated by the appreciation of the US Dollar during the period, which
    negatively impacted 2Q13 Net income. Therefore, 2Q13 Adjusted Net Income,
    excluding deferred income taxes, was US$ 91.8 million.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data
IFRS                                          (1)     (1)     (1)      (1)
                                              1Q13    2Q12    2Q13     YTD13
Revenue                                       1,085.9 1,714.9 1,557.0  2,642.9
EBIT                                          39.5    197.4   135.3    174.8
EBIT Margin %                                 3.6%    11.5%   8.7%     6.6%
EBITDA                                        100.3   265.2   203.7    304.0
EBITDA Margin %                               9.2%    15.5%   13.1%    11.5%
Adjusted Net Income                          34.2    158.9   91.8     125.9
Net income (loss) attributable to Embraer     30.0    54.6    (5.3)    24.6
Shareholders
Earnings (loss) per share - ADS basic         0.1652  0.3011  (0.0291) 0.1353
Net Cash                                      98.2    289.8   58.0     58.0
(1) Derived from unaudited 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, Nadia Santos 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 2Q13 Results on Friday,
July 26, 2013 at 10:30am (SP) / 9:30 am (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: (708) 290-0687
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line)
and 0800 047 4801 (cell phone)
Code: 71911929

SOURCE Embraer S.A.

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