THIRD QUARTER 2012

RESULTS IN IFRS

October 24, 2012

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Forward-Looking Statement

This presentation may contain forward-looking statements, projections and estimates regarding circumstances or

events yet to take place, including, but not limited to, those statements relating to guidance. These forward-looking

statements are based largely on current expectations, forecasts on future events and industry and financial trends

that affect Embraer’s businesses. These statements are subject to risks, uncertainties and assumptions that

include, among others: general economic, political and trade conditions, both in Brazil and in those markets where

Embraer does business; management’s expectations and estimates concerning the company’s future financial

performance; plans and objectives of our management; financing plans and programs, and the effects of

competition; industry trends and growth opportunities; inflation and fluctuations in exchange rates; the company’s

investment plans; Embraer’s operating efficiencies and synergies and its capacity to develop and deliver products

on the dates previously agreed upon; results of operation; business strategies; benefits of new technologies and

existing and future governmental regulations. To obtain further information on factors that may lead to results

different from those forecast by Embraer, please consult the reports Embraer files with the U.S. Securities and

Exchange Commission (SEC) and the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the

factors discussed under “Forward-Looking Statements” and “Risk Factors” in Embraer’s annual report on Form

20−F. The words “believe”, “may”, “will”, “estimate”, “intend”, “continue”, “anticipate”, “expect” and other similar

terms are intended to identify forward-looking statements. Embraer does not undertake any obligation to publish

updates or to revise any forward-looking statements due to new information, future events or any other factors. In

view of the inherent risks and uncertainties, such estimates, events and circumstances may not occur. The actual

results and performance of Embraer could therefore differ substantially from those anticipated in Embraer's

forward-looking statements.

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• Embraer listed for the third consecutive year on the

Dow Jones Sustainability Index.

Corporate Highlights

• Embraer opens two new Centers of

Excellence in Évora, Portugal.

• Embraer is elected by Aon Hewitt/Valor as the

best Brazilian company in people management.

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• Delivery of the 900th

E-Jet to Kenya Airways.

• Delivery of 27 E-Jets in 3Q12.

• Conviasa signs a deal for up to 20 E190 jets

and takes delivery of its first E190.

Highlights

• Embraer welcomes three new E-Jets operators:

• LOI signed to support Chautauqua’s restructuring

of outstanding financing arrangements.

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• Delivery of 13 executive jets in 3Q12 (11 light jets and 2 large jets).

Highlights

• Embraer breaks ground for new

Executive Jet Service Center in Brazil.

• Embraer Executive Jets wins acclaim for product

support from Aviation International News (AIN) and

Professional Pilot magazines.

• Embraer Executive Jets launches

Legacy 450 fabrication.

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• Defense and Security 3Q12 revenues increased 37% compared to 3Q11.

Highlights

• Delivery of the first AEW&C aircraft to India.

• Brazilian Army chooses Savis and Orbisat

consortium for Sisfron.

• Brazilian Air Force and Embraer Defense and Security

conclude the KC-390´s preliminary design review.

• Embraer Defense and Security to supply logistics

support to Brazilian Air Force aircraft.

• Delivery of the first four A-29 Super Tucano to

Indonesian Air Force and the first to Mauritania.

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1,4051,364

2,025

1,156

1,717

3Q11 4Q11 1Q12 2Q12 3Q12

259

189

293

232266

3Q11 4Q11 1Q12 2Q12 3Q12

167149

603

152

261

3Q11 4Q11 1Q12 2Q12 3Q12

9569961,078

760

1,176

3Q11 4Q11 1Q12 2Q12 3Q12

Revenues by Segment – 2012 Outlook

Commercial Aviation: US$ 3.70 – 3.85 Billion

Executive Aviation: US$ 1.10 – 1.30 Billion Defense and Security: US$ 900 – 950 Million

Embraer: US$ 5.8 – 6.2 Billion

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Revenues by Segment

Commercial Aviation Executive Aviation Others Defense and Security

Net Revenues

US$ Billion 5.36 5.80 – 6.20 5.50 5.80 4.28

69%61% 64% 67% 63%

17%23% 19% 14% 20%

12% 15% 15% 18% 15%

2% 1% 2% 1% 2%

2009 2010 2011 YTD2012 EST2012

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16.0 15.4 14.712.9 12.4

3Q11 4Q11 1Q12 2Q12 3Q12

Firm Backlog

US$ Billion

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Net Revenues and Gross Margin

US$ Million R$ Million

Net Revenues Gross Margin

1,364

2,025

1,156

1,7171,405

21.2%22.5%

23.2% 23.6%25.3%

3Q11 4Q11 1Q12 2Q12 3Q12

2,266

3,667

2,049

3,3852,850

21.2%22.5% 23.2% 23.6%

25.3%

3Q11 4Q11 1Q12 2Q12 3Q12

YTD 2012:

2012 Outlook:

US$ 4.3 billion

US$ 5.8 – 6.2 billion Net Revenues

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167205 192

234

113

129126

148120

225

3Q11 4Q11 1Q12 2Q12 3Q12

103 114 109 119

6972 71

75

59

111

3Q11 4Q11 1Q12 2Q12 3Q12

SG&A Expenses

280

334 172

186 194

170

382

345

Selling Expenses G&A Expenses

180 318

US$ Million R$ Million

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10.2%

42

Income from Operations

EBIT EBIT Margin

US$ Million R$ Million

YTD 2012:

2012 Outlook:

US$ 384 million / 9.0%

US$ 520 – 590 million / 9.0% – 9.5% EBIT Margin

10.2%

85

Without Chautauqua non-recurring event

(15)

153

390

205212

7.2%

11.5%

7.5%

-0.4%

9.4%

3Q11 4Q11 1Q12 2Q12 3Q12

(6)

86

197

124101

9.1%

-0.3%

7.4%

11.5%

7.2%

3Q11 4Q11 1Q12 2Q12 3Q12

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188

59

148

265

166

13.8%

2.9%

12.8%

15.4%

11.8%

3Q11 4Q11 1Q12 2Q12 3Q12

EBITDA

EBITDA EBITDA Margin

US$ Million R$ Million

14.9%

85

14.9%

42

Without Chautauqua non-recurring event

311

101

264

524

337

13.7%

2.8%

12.9%

15.5%

11.8%

3Q11 4Q11 1Q12 2Q12 3Q12

YTD 2012:

2012 Outlook:

US$ 579 million / 13.5%

US$ 720 – 840 million / 12.5% – 13.5% EBITDA Margin

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Net Margin

Net Income

Net Income

US$ Million R$ Million

* Reflects re-calculation of Company’s income tax base

* * * *

2

-92

105

55 650.1%

-4.5%

9.1%

3.2%4.6%

3Q11 4Q11 1Q12 2Q12 3Q12

133124

188

-172

0

4.6%3.7%

9.2%

-4.7%

0.0%

3Q11 4Q11 1Q12 2Q12 3Q12

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Inventories / Free Cash Flow

Free Cash Flow Inventories

US$ Million US$ Million

Free cash flow

Additions to PP&E

Net cash generated (used) by operating activities*

Additions to Intangible

* Net of Financial assets adjustment

2,872

2,288

2,6522,530 2,585

3Q11 4Q11 1Q12 2Q12 3Q12

20

155

(30)(77)

(40)

(76) (50)

414

(70)(73)

(60) (60)

(65)(55) (58)

(112)

277

(174)

25

(138)

3Q11 4Q11 1Q12 2Q12 3Q12

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176132

100

350

200

52

RESEARCH DEVELOPMENT CAPEX

Investments

2012 Outlook YTD 2012

US$ Million

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Indebtedness Profile / Net Cash

Long-term Short-term

Loans Average Maturity (Years)

Indebtedness Maturity

US$ 2.08 Billion Total Debt 3Q12 Total Cash 3Q12 US$ 2.21 Billion

Net Cash

US$ Million

193

446

302 290

123

3Q11 4Q11 1Q12 2Q12 3Q12

74% 78%

26%15%

74%85% 83%

26% 22% 17%

4.54.8

4.2

6.1 6.0

3Q11 4Q11 1Q12 2Q12 3Q12

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Investor Relations

Phone: +55 12 3927 4404 investor.relations@embraer.com.br

www.embraer.com