2

Forward Looking StatementForward 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.

3

1Q10 Highlights

4

100th Phenom 100 jet delivered.100th Phenom 100 jet delivered.

Business HighlightsBusiness Highlights

Legacy 450 and 500 program development on track. In April, first metal cut for the first Legacy 500 prototype.

Legacy 450 and 500 program development on track. In April, first metal cut for the first Legacy 500 prototype.

Confirmed the sale of 20 EMBRAER 190 jets for Austral, in April.Confirmed the sale of 20 EMBRAER 190 jets for Austral, in April.

First deliveries of two EMBRAER 170 jets to Gulf Air, the national carrier from the Kingdom of Bahrain.

First deliveries of two EMBRAER 170 jets to Gulf Air, the national carrier from the Kingdom of Bahrain.

Sale and delivery of a Legacy 600 to the Government of Panama.Sale and delivery of a Legacy 600 to the Government of Panama.

First four Super Tucano delivered to Ecuador Air Force.First four Super Tucano delivered to Ecuador Air Force.

KC 390 program continues on track, at the final phase of preliminary studies.

KC 390 program continues on track, at the final phase of preliminary studies.

5

Financial HighlightsFinancial Highlights

Jet deliveries: 41 aircrafts - 21 commercial jets, 19 executive jets and 1 aircraft for defense.Jet deliveries: 41 aircrafts - 21 commercial jets, 19 executive jets and 1 aircraft for defense.

Net revenues of US$ 990 million. Defense and aviation services positively impacting gross margin.Net revenues of US$ 990 million. Defense and aviation services positively impacting gross margin.

EBIT of US$ 57 million and EBIT margin of 5.8%, in line with the 6% guidance.EBIT of US$ 57 million and EBIT margin of 5.8%, in line with the 6% guidance.

Backlog at US$ 16.0 billion or 3.2 years of annual revenues.Backlog at US$ 16.0 billion or 3.2 years of annual revenues.

EBITDA margin of 8.1%, above the 7.5% projection for the year.EBITDA margin of 8.1%, above the 7.5% projection for the year.

Solid net cash of US$ 459 million.Solid net cash of US$ 459 million.

Net income of US$ 35 million and EPS - ADS of US$ 0,1952.Net income of US$ 35 million and EPS - ADS of US$ 0,1952.

Jet DeliveriesJet Deliveries

2010 projected deliveries • 90 commercial jets• 17 Legacy / Lineage• 120 Phenom

2010 projected deliveries • 90 commercial jets• 17 Legacy / Lineage• 120 Phenom

6

3441

35 36

615

22

55

1724

1Q09 2Q09 3Q09 4Q09 1Q10

PhenomPhenomCommercial Jets, Legacy and LineageCommercial Jets, Legacy and Lineage

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Firm Order BacklogFirm Order Backlog

US$ Billion

4.16.4

11.4 10.79.0

10.6 10.1 10.4

14.8

18.816.6 16.0

20.9

2.2 2.3

3.94.2 4.2

3.12.6 2.8 2.8 3.0

3.8

3.3 3.2

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 1Q10

Firm Order Backlog Backlog/Revenue (Years)

8

Revenue by SegmentRevenue by Segment

Commercial aviationCommercial aviation Executive aviationExecutive aviation OthersOthersAviation servicesAviation servicesDefenseDefense

75%67% 66%

44%53%

6%7% 6%

16%

19%

6% 14% 16%26%

12%

11% 10% 10% 11% 14%

3% 2%2% 2%2%

1Q09 2Q09 3Q09 4Q09 1Q10

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Financial Results

10

Net Revenues and Net Revenues and Gross MarginGross Margin

US Gaap - US$ Million

Net RevenuesNet Revenues Gross MarginGross Margin

BR Gaap - R$ Million

2010 Guidance: Net revenues - US$ 5.0 billion2010 Guidance: Net revenues - US$ 5.0 billion

1,1541,457

1,246

1,610

990

18.2% 23.1% 18.8%20.8% 21.7%

1Q09 2Q09 3Q09 4Q09 1Q10

1,780

3,0192,667

2,3282,799

22.1%17.1%

19.5%17.7%

20.7%

1Q09 2Q09 3Q09 4Q09 1Q10

152 155 135161

86 9896

9663

156

1Q09 2Q09 3Q09 4Q09 1Q10

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SG&A ExpensesSG&A Expenses

Selling ExpensesSelling Expenses General and Adm. ExpensesGeneral and Adm. Expenses

US Gaap - US$ Million BR Gaap - R$ Million

121121

66 74 7392

3747 52

55

35

86

1Q09 2Q09 3Q09 4Q09 1Q10

238238 253253

103103

121121 125125

147147

231231257257

219219

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Income from OperationsIncome from Operations

US Gaap - US$ Million BR Gaap - R$ Million

Income from OperationsIncome from Operations Operating MarginOperating Margin2010 Guidance:2010 Guidance:

EBIT - US$ 300 million

EBIT margin - 6.0%

EBIT - US$ 300 million

EBIT margin - 6.0%

27

175

68 66 57

5.8%

4.1%5.5%

12.0%

2.4%

1Q09 2Q09 3Q09 4Q09 1Q10

400

162

60109 122

2.2%

6.9%7.0%

13.3%

4.1%

1Q09 2Q09 3Q09 4Q09 1Q10

13

EBITDAEBITDA

US Gaap - US$ Million BR Gaap - R$ Million

EBITDAEBITDA EBITDA MarginEBITDA Margin2010 Projection:2010 Projection:EBITDA - US$ 375 million

EBITDA margin - 7,5%

EBITDA - US$ 375 million

EBITDA margin - 7,5%

47

196

90 89 80

13.5%

7.2%5.6%

8.1%

4.1%

1Q09 2Q09 3Q09 4Q09 1Q10

202170265

513

210

11.4%

6.1%

17.0%

11.4%

7.9%

1Q09 2Q09 3Q09 4Q09 1Q10

14

Net IncomeNet Income

Net IncomeNet Income Net MarginNet Margin

US Gaap - US$ Million BR Gaap - R$ Million

35

146

5868

(23)

3.6%

9.1%

4.6%4.7%

-2.0%1Q09 2Q09 3Q09 4Q09 1Q10

44

168222

467

38

15.5%

6.0%

1.4%2.5%

9.5%

1Q09 2Q09 3Q09 4Q09 1Q10

15

InventoriesInventories

US Gaap - US$ Million BR Gaap - R$ Million

3,0642,875

2,723

2,340 2,359

1Q09 2Q09 3Q09 4Q09 1Q10

7,579

6,012

5,1934,5764,424

1Q09 2Q09 3Q09 4Q09 1Q10

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Indebtedness ProfileIndebtedness Profile

Total Debt 1Q10: US$ 1.8 Billion

Long-termLong-term Short-termShort-term

Loans Average Maturity (Years)Loans Average Maturity (Years)

Indebtedness Maturity

53%71%

27%

49%

51%73%

75%

47% 29%25%

2.13.3 2.6

4.9 5.0

1Q09 2Q09 3Q09 4Q09 1Q10

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Operating Cash Flow Operating Cash Flow Net CashNet Cash

Operating Cash Flow: US Gaap - US$ Million Net Cash: US Gaap - US$ Million

12252 71

503459

1Q09 2Q09 3Q09 4Q09 1Q10

Total Cash 1Q10: US$ 2.3 Billion

(246)

40

404

(46)(62)

1Q09 2Q09 3Q09 4Q09 1Q10

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