Embraer Announces Its Second Quarter 2014 Results

              Embraer Announces Its Second Quarter 2014 Results

PR Newswire

SAO JOSE DOS CAMPOS, Brazil, July 31, 2014

SAO JOSE DOS CAMPOS, Brazil, July 31, 2014 /PRNewswire/ -- EMBRAER S.A. (NYSE:
ERJ; BM&FBOVESPA: EMBR3) releases its second quarter 2014 results.

HIGHLIGHTS

  oIn the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and
    29 executive (22 light and 7 large) jets;
  oThe Company's firm order backlog ended 2Q14 at US$ 18.1 billion;
  oAs a result of aircraft deliveries, coupled with revenues from the
    Company's Defense & Security business, 2Q14 Revenues were US$ 1,761.3
    million, for year-over-year growth of 13.1%. Year-to-date (YTD) Revenues
    in the first six months of 2014 were US$ 3,003.6 million, representing
    year-over-year growth of 13.6%;
  oEBIT and EBITDA margins were 10.6% and 14.8% respectively, in 2Q14, and
    for the first six months of 2014 were 9.3% and 13.7%, respectively;
  o2Q14 Net income attributable to Embraer Shareholders and Earnings per
    basic ADS totaled US$ 143.4 million and US$ 0.7829, respectively. For the
    first half of 2014, Net income attributable to Embraer Shareholders was
    US$ 254.0 million and Earnings per basic ADS was US$ 1.3867;
  oThe Company's 2014 Guidance for financial performance and Commercial and
    Executive aircraft deliveries published in February remains unchanged.

MAIN FINANCIAL INDICATORS

in millions of U.S. dollars, except % and earnings per share data
                                              (1)     (1)      (1)     (1)
IFRS
                                              1Q14    2Q13     2Q14    YTD14
Revenue                                       1,242.3 1,557.0  1,761.3 3,003.6
EBIT                                          92.1    135.3    186.8   278.9
EBIT Margin %                                 7.4%    8.7%     10.6%   9.3%
EBITDA                                        151.0   203.7    261.4   412.4
EBITDA Margin %                               12.2%   13.1%    14.8%   13.7%
Adjusted Net Income^2                         62.9    91.8     128.8   191.8
Net income (loss) attributable to Embraer     110.6   (5.3)    143.4   254.0
Shareholders
Earnings(loss) per share - ADSbasic (US$)  0.6044  (0.0291) 0.7829  1.3867
Net Cash                                      52.7    58.0     (114.3) (114.3)
(1) Derived fromunaudited financial information

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

INVESTOR RELATIONS

Luciano Froes, Caio Pinez, Christopher Thornsberry, 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 2Q14 Results on Thursday,
July 31, 2014 at 10:30am (SP) / 9:30am (NY). The conference call will also be
broadcast live over the web at http://ri.embraer.com

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: 69304532

CONTACTS:

Headquarters (Brazil)
Rosana Dias
rosana.dias@embraer.com.br
Cell: +55 12 9724 4929
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411

North America
Robert Stangarone
rstangarone@embraer.com
Cell: +1 954 260 9939
Tel.: +1 954 359 3101
Fax: +1 954 359 4755

Europe, Middle East and Africa
Herve Tilloy
herve.tilloy@embraer.fr
Cell: +33 6 0864 3545
Tel.: +33 1 4938 4530
Fax: +33 1 4938 4456

China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 138 1191 8053
Tel.: +86 10 6598 9988
Fax: +86 10 6598 9986

Asia Pacific
Nilma Missir-Boissac
Nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
Fax: +65 6734 3908


SOURCE Embraer S.A.

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