8th US Annual Analyst & Investor Meeting

Executive Aviation Overview

Luís Carlos AffonsoEmbraer Executive Vice-President, Executive Aviation

New York - March 19th, 2008

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.

Market OverviewMarket Overview

Main Demand Drivers

Macro-economic factors GDP

2008-17e

5.5%

4.8%

6.4%

4.7%

4.5%

2.5%1.9%

3.3 %Sources: Global Insight – Jan 2008

World

Latin America

5.9%

North America

2.3%

Western Europe

2.7%

Africa

5.8% Middle East

5.0%

Eastern Europe

6.5%

Asia Pacificnot including Japan

8.1%

3.7 %2007e

Corporate Profits

Individual WealthStock Market Performance

*Source: Honeywell Survey**Source: AMSTAT, Embraer AnalysisDollar depreciation favors aircraft acquisitions by non-US costumers

Honeywell Survey – 5 years buying expectations

L. America9.8%

Demand Shifting towards Non-Traditional Markets

North America

50%

Europe

22%

Latin America

10%

Africa & M.East

4%Asia 10%

Hassle factor: growing delays

Heathrow airport after the London’s terrorist threat

Congestion

USA

� 73% of pax at 35 hubs

� 80% of delays at main hubs

Europe

� 22% of flights with delays >15 min in 2006

Terrorism threat

� Higher security levels

� Poor passenger services

Sources: FAA 2005 and Eurocontrol 2006

Total time

02h40m

10

2h20m

10

SavedTime

4h04m

(60%)

Bizjet as a tool for better service

Commercial Flights

Premium Offer

1h

3h02m

43m

1h29m

30m

Total time06h44m

Commercial

Flight

Premium Offer(Phenom 100)

Serving a segment willing to pay for greater convenience

Houston, TX

Tulsa, OK

Columbus, OH

Columbus,OH<check-in>

Tulsa,OK<check-out>

Houston,TX<transfer>

Source: Expedia,Feb 2008

Sources: JETNET, JP Morgan – Feb2008

76% of aircraft for sale are older than 10 years

Used Aircraft Market

Number of aircraft for sale as a % of active fleet

19 2212

32

47

66

84 8191

59

93

104 104 107

> 12 12 11 10 9 8 7 6 5 4 3 2 1 0

Fractional fleet renewal is relevant

Fractional Industry

Sources: JetNet

Fractional Jet Fleet – Age Distribution

Age(years)

Ind

ustry A

nsw

er: Bu

siness M

od

els Evo

lutio

n

�B

randedC

harter

�A

irT

axi

Co

mm

ercial Aviatio

n

Fractional Ownership

Used Fractional

Jet cards memberships

Aircraft Management

Charter On-Demand

Scheduled Charter

“Bizav” Airline

Traditional Ownership

Co

st

Source:: E

mbraer (adapted from

Jet Solutions)

WO

ND

AIR

� Customers and community "green" pressure forcing political and regulatory changes.

� EU & USA - two different approaches:

� European Union to implement a mandatory Emissions Trade Scheme – unilateral

initiative maybe questioned within Chicago Convention

� US focusing on fuel consumption efficiency and ATM improvements

� Stakeholder's voluntary initiatives

� Netjets Europe: “carbon free shares”

� Embraer: 1st to have an ISO 14001 Certificate, investing in new technologies such

as alternative fuels, aerodynamics, advanced structures and systems

� Noise regulations: tougher limitations may force earlier aircraft retirement.

Environmental Issues

Under the pressure of environmental concerns

Bottlenecks – Improving

Infrastructure

Non-traditional markets need intensive investments

Insufficient – UnfavorableBottlenecks – Moderate improvements

Current conditions – Trend

2007 deliveries record: 28.4% above 2006

Bizjets Deliveries – Historic Record

0

200

400

600

800

1,000

1,200

19911992

19931994

19951996

19971998

19992000

20012002

20032004

20052006

2007

316

667

784

518

886

1,138

Units

ULTRA LARGE

ULTRA-LONG RANGE

LARGE

SUPER MID-SIZE

MID-SIZE

MID-LIGHT

LIGHT

VERY LIGHT

Strong economic drivers despite short-term concerns

Expansion of non-traditional markets

Hassle factor driving customer dissatisfaction

New business models bridging the gap between current alternatives

New product launches

Technological advances enabling very light jets

Environmental concerns and infrastructure investments are barriers to be faced

Executive Aviation – Summary

Positive trend for executive jet demand

13,150 executive jets US$ 201 billion over the next 10 years����

* Not including new business models demand: 3,500 to 4,400 VLJs Source: Embraer Analysis

2008-2017 Market Forecast – World Deliveries

US$Product Categories

Ultra Large

Ultra-long Range

Large

Super Midsize

Midsize

Midlight

Light

Very Light*26%

22%

9%

12%

11%

11%

7%2%

9%

7%

12%

16%

23%

21%

8%

4%

Units

55%

7,220 aircraft28%

3,620 aircraft

12%

1,600 aircraft5%

710 aircraft

2008-2017 Market Forecast – Regional Distribution (Units)

Vision

To become a major player in the Business Aviation Market by

2015 through innovative and differentiating product and service

solutions with added value to our customers and shareholders.

Legacy 600®

Embraer Product Portfolio

Very Light

Light

Mid-light

Mid-size

Super Mid-Size

Large

Ultra-Long Range

Ultra-large

Phenom 100®

2008

Lineage 1000®

2008

Phenom 300®

2009

illustrative purposes only

Legacy 600®

Legacy 600® – Interior and Performance

Cabin Volume 1,650 ft3

Cabin Length 49.8 ft

Baggage Volume 240 ft3

Range* 3,250 nm

MMO Mach 0.80

Max ceiling 41,000 ft

TOFL** 5,551 ft*8 passengers @ 200 lb, NBAA IFR reserves (200 nm alternate, 35 min of holding @ 5,000 ft)

** MTOW; ISA; Seal Level

The only 3 cabin zones aircraft in its category

Deliveries growth of 33% in 2007

2002 2003 2004 2005 2006 2007

(December 2007)

15 %

13.6%

13%

12%12%

10%

13 a/c13 a/c10 a/c

27 a/c

20 a/c

Market Share – Super Midsize Category

36 a/c

Phenom 100®

Standard configuration overview

Phenom 100® - Interior Design

Illustrative purposes only - Preliminary data

Phenom 100® – Program Update

� Envelope expansion – known performance characteristics

� Aerodynamic configuration freeze

� Close to 500 flight test hours

� 3 aircraft flying

� Wing static test completed as expected

� Trend to achieve 100% contractual commitments

On schedule for 2nd semester first delivery

Phenom 300®

INTERIOR DESIGNCutaway View

Illustrative purposes only - Preliminary data

* Some items are optional.

Phenom 300® - Interior Design

First Phenom 300® – Assembly

Fuselage - wing mating and engines installation

Mar 2008

On schedule for a mid-year 2008 first flight

Phenom production hangar inaugurated on 21st Dec. 2007

Phenom Jets – New Production Facilities

Total area of 201,285 square feet (18,700 square meters) at Gavião Peixoto plant

The World also Discovers the Phenom Jets

(February 2008)

Phenom Jets – over 700 firm orders in 44 countries

Lineage 1000®

Lineage 1000® – Interior

Zone 1

Crew Lavatory

Galley

Zone 2

Zone 3

Zone 4

Zone 5

Baggage Compartment

Lavatory Produced by

Designed by Illustrative purposes only

Welcome Area &

Crew Lounge

Lineage 1000® – Aircraft Production

Interior Completion at PATS, a division of DeCrane Aerospace, in US

2nd a/c - First flight in Feb 2008

3rd and 4th a/c assembly

Lineage Program is steadily advancing

Embraer Midsize Jet and Midlight Jet Concepts

Cross Section

Full stand up, flat floor cabin

6 ft

Concept Study

Interior Design

Concept Study

4 Pax @ 200 lb,LRC, 2 Pilots @ 200 lb, 85% annual winds, SL, ISA, NBAA res., 3% allowance

Range = 2,300 nm

Performance – Range Circles

Concept Study

8 Pax @ 200 lb, Mach 0.80, 2 Pilots @ 200 lb, 85% annual winds, SL, ISA, NBAA res., 3% allowance

Range = 2,800 nm

Customer Support & Services

US$ 100+ million investment on

� Service Centers Network

� Logistics and Parts Support (Phenom Jets Partner: UPS)

� Field and Product Support

� Training Programs (Phenom Jets: Embraer & CAE Joint Venture)

� Executive Care Programs

Customer Support Solution

Preliminary data

Service Centers Network

Worldwide Network (middle 2008): 45 Service Centers

Contracted / Planned Authorized Network

Embraer Service Center

Preliminary data

Results and Production Rate

2005 2006 2007 2005 2006 2007 2005 2006 2007

0.6

Bookings(US$ billion)

Results - Embraer Executive Jets

Revenues(US$ billion)

0.3 ~ 0.6

~ 2.0

US GAAP unaudited numbers

Executive Aviation Share of Total

Embraer Revenue(%)

7.3%

15.5% 0.84

~ 3.5

16.0%

44%

77%

Firm order backlog of US$ 4.5 billion

3%

Expected Production Plan – Legacy 600®

Preliminary data – illustrative purposes only

36

20072004 2005 2006 2008

units 13 20 27 30 – 35

Expected Production Plan – Phenom Jets

Preliminary data – illustrative purposes only

2008

units 10 –15

2009

units 120 – 150

Expected Production Plan – Lineage 1000®

Preliminary data – illustrative purposes only

2008 2009

units up to 2 4 – 6

THANK YOU !

This presentation is the property of Embraer - Empresa Brasileira de Aeronáutica S.A. ("Embraer") and shall

not be copied, in whole or in part, or used in any manner, except with Embraer´s prior written consent.

Embraer reserves the right to revise this document whenever occasioned by product improvements,

governmental regulations or other good cause.

All images: figures, finishing materials and colors are for illustration purpose only, and may not represent the

real and final product accurately.

Some features are optional items not included in the baseline aircraft and are subject to price increase and

lead-time analysis.

All data presented shall not be used as guarantee. Guaranteed specifications are listed in the technical

description and represent the only binding guarantee.

In the event of any conflict between this presentation and the technical description, the technical description

shall govern.