Communique - Embraer 2013 Outlook

SAO JOSE DOS CAMPOS, Brazil, Feb. 4, 2013 /PRNewswire/ -- Embraer is releasing its 2013 Outlook to the investment community.

2012 Highlights

As previously announced to the market, in 2012 Embraer delivered a total of 106 commercial jets and 99 executive jets, including 77 light jets and 22 large jets, accomplishing its 2012 delivery Outlook. The Company ended 2012 with a US$ 12.5 billion backlog. Earnings results for the 4th Quarter and Fiscal Year 2012 will be released on March 22nd, 2013, followed by a conference call on March 25th.

2013 outlook

In 2013, Embraer expects to deliver 90 to 95 commercial jets, 80 to 90 light executive jets and 25 to 30 large executive jets. Therefore, the Company expects to achieve total Net Revenues between US$ 5.9 and US$ 6.4 billion. The approximate revenue contribution from each business segment should be: Commercial Aviation: 52%; Executive Aviation: 25%; Defense and Security: 21% and; Other business: 2%.

The Company expects to achieve an EBIT margin between 9.0% and 9.5% (from US$ 530 to US$ 610 million) and therefore the EBITDA margin is expected to stay between 13.0% and 14.0% (from US$ 770 to US$ 900 million).

Total 2013 Investment is expected to be US$ 580 million, of which Research will represent US$ 100 million, Product development US$ 300 million and CAPEX US$ 180 million.

This Outlook is based on assumptions which are subject to various factors many of which are not and neither will be under the control of the Company.

Embraer will host a conference call tomorrow, February 5th, at 08:30AM (EST) - 11:30AM (SP), to discuss the 2013 Outlook, as informed below.

CONFERENCE CALL INFORMATION

The conference call will be broadcast live over the web at http://ri.embraer.com.br

Telephones:

• Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574
• Operator Assisted International Dial-In Number: (+1 708) 290-0687
• Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)

Code: 8322038

Investor Relations

Luciano Froes, Caio Pinez, Claudio Massuda, Juliana Villarinho and Paulo Ferreira
(+55 12) 3927-4404
[email protected]
Follow Embraer's IR Department on twitter: @IREmbraer

ABOUT EMBRAER

Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect Embraer's businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations on industry trends; the company's investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words "believe", "may", "is able", "will be able", "intend", "continue", "anticipate", "expect" and other similar terms are supposed to identify potentialities. Embraer does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Embraer expectations.

SOURCE Embraer S.A.