Farnborough 2006Investors Meeting

July 18th,2006

Luís Carlos AffonsoExecutive Vice-President, Executive Jets

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.

Business Aviation Market Size

Significant Expansion

13.3

1.02.3

4.0

4.4

2.0

16.6

1.22.7

4.7

6.5

3.6

2005 2015

Airframe / OEM

Completion + Refurbishment

MRO

FBO

Charter + AircraftManagement

Fractional Ownership

US$ 27.1 bi

US$ 35.3 bi

Source: AT Kearney and Embraer estimates

(2005 US$ billion)

Lower number of destinations Greater door-to-door elapsed time

“Premium” customers are under served

85%76%

64%51%

87%

72%65%

50%

11%

35%

3% 5% 9% 12% 8%17% 16% 15%

5%

37%

27%

19%12%

19%

0%

20%

40%

60%

80%

100%

1995 2000 2005E 2010E 1995 2000 2005E 2010E

Network Low Cost Regional

USA Europe

Source: Embraer analysis.

Source:: Embraer (adapted from Jet Solutions)

Year

ly T

otal

Cos

t

Frac

tiona

l Ow

ners

hip

Used

Fra

ctio

nal

Jet c

ards

mem

bers

hips

Airc

raft

Man

agem

ent

Char

ter O

n-De

man

d

Sche

dule

d Ch

arte

r

Bran

ded

Char

ter

“Biz

av”

Airli

neTrad

ition

al O

wne

rshi

p

Commercial AviationAir t

axi

Cost

Flexibility

Industry answer: business models evolution

2006-2015 Market Forecast (deliveries) - World

Product Categories

9,680 executive jets à US$ 144 billion in the next 10 years

Units

26%

18%

11%

10%

15%

10%

8%

2%ULTRA LARGE

ULTRA-LONG RANGE

LARGE

SUPER MID-SIZE

MID-SIZE

MID-LIGHT

LIGHT

VERY LIGHT

US$

4%8%

7%

10%

20%

20%

25%

6%

* not including air taxi demand (2,500 – 3,000 a/c)

Vision

To become a major player in the Business Aviation Market

within 10 years by providing innovative and differentiating

product and service solutions with added value to our

customers and shareholders.

Legacy™ 600 Program Update

The world discovers the Legacy™ 600

76 aircraft, 18 countries, the right choice

76TOTAL

1AFRICA

2LATIN AMERICA

5MIDDLE EAST

7ASIA

27EUROPE

34USA

30 June 2006

43% of Legacy fleet is flying in Europe, Africa and Middle East

Competitive Analysis – Floor Plans

Superior Privacy and Comfort

CTA / FAA / JAA / CIS

2002

Certification

Enhancements

2003 20052004

41,000 ftCeiling

New InteriorRange

LCYOperation

MaintenancePlan

Short Runway

Performance

HSD

9,500 ft Take-offLandingAltitude

SoundQuality

Improvement

2006

ICE – Air Show

System update

Avinics -New

weather radar

antenna

Interior enhancement

FMS - USB Data Loader

Legacy™ 600 Landmarks

and more on the way

DELIVERED

Super midsize category market share

2005: deliveries growth of 54%

13%

12%12%10%

2002 2003 2004 2005 2006-2015

10 a/c

13 a/c

13 a/c

20 a/c

15%

Phenom™ 100 by Embraer

Phenom™ 100

Preliminary data

Interior design

Phenom™ 100 and Phenom™ 300

Prodigy™ - Avionics based on Garmin system Preliminary data

Sources

Phenom™ 100

Baggage Compartment – Spacious for your sporting gear

Competitors – Main baggage compartment

Eclipse 500(1): 26 cuft (AFT).Adam 700(2): 25 cuft (FWD).Cessna Mustang(3): 37 cuft (AFT).

45 45 cuftcuft

5 cuft5 cuft

Preliminary data

Layout Configuration Comparison – Jets

Source: Conklin & de Decker Aircraft Comparator 2005/2006 – Manufacturers’ web sites and promotional material

Preliminary data

Phenom™ 100 CJ1(Entry Level Jet)

Eclipse 500 Mustang Adam 700

Phenom™ 100

Phenom™ 100 – Wind Tunnel Test Campaign

Design specifications confirmed

Phase I - USAUWAL - University of

Washington Aeronautical Laboratory Phase II - Brazil

CTA - General Command for Aerospace Technology Phase III - Russia

TsAGI – Central Aerohydrodynamic Institute

COMPLETED

Phenom™ 100 – Engine first run

On schedule for the first flight

COMPLETED

Pratt & Whitney Canada PW 617F

Phenom™ 100 – Master Phase Plan

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2004 2005 2006 2007 2008

Entry Into Service

Business Plan Approval (Official “Go-Ahead”)üBusiness Plan Preparationü

Business Case Approvalü

Joint Definition Phaseü

First Metal Cut

First Flight

Sub-Assembly

Final Assembly

Detailed Design and Flight Test Campaign

ü

Phenom™ 300 by Embraer

Preliminary data

Interior design

Phenom™ 300

by

Phenom™ 300Preliminary dataBaggage Compartment

Sources: B&CA Purchase Planning Handbook – May 2005

Baggage Compartment - 66 cuft

FWD Baggage Compartment - 5 cuftWardrobe - 5 cuft

Competitors Main Baggage Compartment

Hawker 400XP: 26 cuft

Citation Encore: 28 cuft

Citation CJ3: 50 cuft

Phenom™ 300

Preliminary data

Totally new designed aircraft

45,000 ft ceiling

6,000 ft cabin altitude @ 41,000 ft

7,000 ft cabin altitude @ 45,000 ft

Data link capability (road map)

Trend and exceedance

Remote Diagnostic

Two way high speed

Phenom™ 300

Preliminary data

Totally new designed aircraft

High Availability - Low Turn-Around Time (TAT)Single Point Refueling

Externally Serviced Lavatory

Brake-by-wire with standard anti-skid

Phenom™ 300

Layout Configuration Comparison

PhenomTM 300 CJ3 Encore(Mid-Light)

CJ2+ Bravo

Source: Conklin & de Decker Aircraft Comparator 2005/2006 – Manufacturers’ web sites and promotional material

Preliminary data

Phenom™ 300 – Wind Tunnel Test Campaign

Ongoing campaign

TsAGI – Central Aerohydrodynamic Institute - Russia

Phenom™ 300 – Master Phase Plan

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2004 2005 2006 2007 2009

Entry Into Service

Business Plan Approval (Official “Go-Ahead”)ü

Business Plan Preparationü

Joint Definition Phase

Business Case Approval ü

Detailed Design and Flight Tests

Embraer LineageTM 1000

Embraer LineageTM 1000 - Interior

illustrative purposes only

Embraer LineageTM 1000Preliminary dataLayout Configuration – flexibility

Embraer LineageTM 1000Preliminary dataPerformance Data

20,000 lbfEngine APR Thrust – GE CF 34-10E2,100 m (6,900 ft)Takeoff Field Length (MTOW / SL / ISA)

41,000 ft

Mach 0.82

4,200 nm

Embraer Lineage 1000

Certified Ceiling

MMO

Range *

Characteristics

* NBAA IFR reserves (35 min) with 200 nm alternate; 8 passengers @ 200 lb

Embraer LineageTM 1000

illustrative purposes onlyCockpit Technology – Honeywell Primus Epic

Preliminary data

A new measure of luxuryEntry into service: mid-2008

Embraer LineageTM 1000

Vision

Embraer will be recognized in the next 3 years as

one of the top solution providers in the Executive

Aviation Market worldwide.

Customer Support Roadmap – 2006

MAY

Executive Care for Legacy

� New modules

Legacy training program enhancements

OCTOBER

Legacy and Phenom worldwide service center network unveiling

Phenom Executive Care Program unveiling

Phenom Training Program and simulators locations unveiling

Legacy Service Center Network

Wherever operators need

20 Authorized Service Centers offering airframe line and heavy maintenance

OGMA Executive Jets Service Center in Portugal

Major renovation creates a dedicated executive jets 16,600 sq.ft facility

Alverca, Portugal

Sales, Backlog and Production Plan

US$ 1.25 billionExecutive Aviation Firm Order Backlog

Sales and Backlog as of June 30th, 2006

more than 235 unitsPhenom 100 & Phenom 300 Firm Orders

2007

Expected Production Plan – LegacyTM 600

Legacy™ 600

200620052004

25 - 3025 - 302013 (units)

Expected Production Plan – PhenomTM 100 & PhenomTM 300

2009

2008

120 - 150

15 - 20 (units)

(units)

Phenom™ 100

Phenom™ 100 & Phenom™ 300

2009

Expected Production Plan – LineageTM 1000

2008

3 - 4up to 2 (units)

Thank You !