executive aviation presentation farnborough airshow
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- 1. Farnborough 2006 Investors Meeting July 18th,2006 Lus Carlos Affonso Executive 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.
2. Business Aviation Market Size Significant Expansion 13.3 1.0 2.3 4.0 4.4 2.0 16.6 1.2 2.7 4.7 6.5 3.6 2005 2015 Airframe / OEM Completion + Refurbishment MRO FBO Charter + Aircraft Management 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. 3. Source:: Embraer (adapted from Jet Solutions) YearlyTotalCost FractionalOwnership UsedFractional Jetcardsmemberships AircraftManagement CharterOn-Demand ScheduledCharter BrandedCharter BizavAirline TraditionalOwnership Commercial Aviation Airtaxi Cost Flexibility Industry answer: business models evolution 2006-2015 Market Forecast (deliveries) - World Product Categories 9,680 executive jets 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) 4. 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 5. 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 6. CTA / FAA / JAA / CIS 2002 Certification Enhancements 2003 20052004 41,000 ft Ceiling New Interior Range LCY Operation Maintenance Plan Short Runway Performance HSD 9,500 ft Take-off Landing Altitude Sound Quality 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% 7. Phenom 100 by Embraer Phenom 100 Preliminary data Interior design 8. 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). 4545 cuftcuft 5 cuft 5 cuft Preliminary data 9. 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 - USA UWAL - University of Washington Aeronautical Laboratory Phase II - Brazil CTA - General Command for Aerospace Technology Phase III - Russia TsAGI Central AerohydrodynamicInstitute COMPLETED 10. 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) Business Plan Preparation Business Case Approval Joint Definition Phase First Metal Cut First Flight Sub-Assembly Final Assembly Detailed Design and Flight Test Campaign 11. Phenom 300 by Embraer Preliminary data Interior design Phenom 300 by 12. Phenom 300 Preliminary dataBaggage Compartment Sources: B&CA Purchase Planning Handbook May 2005 Baggage Compartment - 66 cuft FWD Baggage Compartment - 5 cuft Wardrobe - 5 cuft Competitors Main Baggage Compartment Hawker 400XP: 26 cuft Citation Encore: 28 cuft Citation CJ3: 50 cuft Phenom 300 Preliminarydata 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 13. Phenom 300 Preliminarydata 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 14. 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) Business Plan Preparation Joint Definition Phase Business Case Approval Detailed Design and Flight Tests 15. Embraer LineageTM 1000 Embraer LineageTM 1000 - Interior illustrative purposes only 16. Embraer LineageTM 1000 Preliminary dataLayout Configuration flexibility Embraer LineageTM 1000 Preliminary dataPerformance Data 20,000 lbfEngine APR Thrust GE CF 34-10E 2,100 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 17. Embraer LineageTM 1000 illustrative purposes onlyCockpit Technology Honeywell Primus Epic Preliminarydata A new measure of luxury Entry into service: mid-2008 Embraer LineageTM 1000 18. 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 19. 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 16,600sq.ft facility Alverca, Portugal 20. Sales, Backlog and Production Plan US$ 1.25 billion Executive Aviation Firm Order Backlog Sales and Backlog as of June 30th, 2006 more than 235 units Phenom 100 & Phenom 300 Firm Orders 21. 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 22. 2009 Expected Production Plan LineageTM 1000 2008 3 - 4up to 2 (units) Thank You !