Day Marco Tulio Pellegrini - COO Executive Aviation

Oct. 31 st , 2013

This information is the property of Embraer and cannot be used or reproduced without written consent. Market recovery depends on many factors

Willingness to invest Stock Markets Business Pre-owned Aviation Wealthy Market Traffic Population

Corporate Profits Finance Exchange conditions Rates Sales of New (for small jets, and Asia Business mainly) Jets

This information is the property of Embraer and cannot be used or reproduced without written consent. Source: Embraer Analysis U.S. corporate profits

2.500 2.249

2.000 +41% +125%

1.500

1.000

US Corporate Profits (US$ (US$ Bi) Profits US Corporate 500

0 Q2 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: BEA – Bureau of Economic Analysis and Embraer estimates, September 2013 Seasonally adjusted at annual rates

This information is the property of Embraer and cannot be used or reproduced without written consent. Worldwide HNWIs population

11.9 10.8 11.0 10.1 10.1 9.6 8.8 8.2 8.6 7.7 Population (mi) Population

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

North America Europe Asia-Pacific Latin America Middle East Africa

Source: World Wealth Report 2013 edition

This information is the property of Embraer and cannot be used or reproduced without written consent. Traffic – United States

220 2007 190 2013 160 2012

Movements X 1000 X Movements 130 2009

100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Source: FAA – September 27 th , 2013

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Source: EIU, September 2013

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12.9% 8.3% 3.500 28% 2483 jets 672 jets Fleet older than 10 yrs 3.000 Up to 10 yrs & positions 24% Total fleet % for sale 2.500 20%

2.000 16%

1.500 12%

1.000 8% Units (Bars) Units

500 4% % of active fleet (Lines) fleet active of%

0 0%

'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 TD

Source: Jetnet and Embraer Analysis, September 2013

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100 50% % of active fleet 95 EMBRAER Total fleet for sale 45% 90 40% 85 35% 80 30% 75 25% 70 20% 12% 65 15% 60 10%

#sale fora/c ofEmbraer 55 5% for sale as % of active fleet active of % as sale for 50 0% Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Apr-09 Apr-10 Apr-11 Apr-12 Apr-13 Jan-10 Jan-11 Jan-12 Jan-13 Oct-09 Oct-10 Oct-11 Oct-12 Despite a large amount of small jets in fleet, Embraer fleet for sale is currently below the world average of 12.3%.

Source: Jetnet and Embraer Analysis, October 2013

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# Total Fleet for sale Average discount 150% 3200 ↑ 141% since peak

100% 2800

↓ 18.5% since peak

50% 2400 # Total Fleet for sale for Fleet Total # Av. discount (Relative to May 2009) May to (Relative discount Av. 0% 2000 May-09 Nov-09 May-10 Nov-10 May-11 Nov-11 May-12 Nov-12 May-13

Recovery will depend on an improvement in pre-owned prices. Owners are postponing substitutions.

Source: Jetnet and Embraer Analysis, October 2013

This information is the property of Embraer and cannot be used or reproduced without written consent. Top 5 business jets in residual value performance

Retail / Avg Equipped* 100%

90%

80%

70%

60%

50%

40%

30% 2013 2012 2011 2010 2009 2008 2007 2006 Year of Manufacture

Phenom 300 Citation CJ4 G550 Lineage 1000 7X

* Average equipped price in 2013 economic conditions for all years. Source: Aircraft Bluebook, October 2013

This information is the property of Embraer and cannot be used or reproduced without written consent. Top 10 best “liquidity” performers

DAYS ON DAY ON ACTIVE FLEET FLEET Rank MODELS MARKET MARKET (US) FLEET FOR SALE FOR SALE (%)

1st EMBRAER PHENOM 300 125 102 139 4 3%

2nd CITATION CJ4 149 238 130 3 2% 3rd GULFSTREAM G-350 157 N.A. 11 2 18% 4th GULFSTREAM G-550 169 120 411 12 3% 5th LEARJET 40XR 179 215 91 5 5% 6th CITATION XLS+ 191 131 143 10 7% 7th GULFSTREAM G-450 230 130 271 19 7% 8th 234 256 285 19 7% 9th CHALLENGER 300 237 304 414 22 5% 10 th FALCON 2000LX 237 83 123 6 5%

Source: Jetnet, October 2013.

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Active fractional shares - market share

11%

73% Directional Aviation Control 12%

3% 1%

NetJets Flight Options CitationAir Others

Directional Aviation will more than double its participation (from 11% to 23%).

Source: Embraer analysis based on Jetnet database. October 2013.

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FLIGHT OPTIONS NETJETS

25 aircraft delivered to date 10 aircraft delivered to date

Flight Options also operates 6 Legacy 600

Source: Jetnet and Embraer Analysis, October2013

This information is the property of Embraer and cannot be used or reproduced without written consent. Owners utilization profile (average FH/year)

EMBRAER Owners 616

Hawker 350 Cessna 372 Bombardier 393 Dassault 440 Gulfstream 445

Large Jets 433 Medium Jets 393 class Owners OEM

Owners Small jets 344 0 200 400 600 800 1000

Embraer owners tend to have a better annual utilization leading their businesses to higher productivity. Good option for management prospects.

Source: Jetnet IQ 2Q13 report proprietary data.

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This information is the property of Embraer and cannot be used or reproduced without written consent. Market Recovery in slow motion

US Corporate profits at record levels MILD GROWTH

HNWI at record levels

World GDP growth is moderate

Used market inventory leveled off but prices are still an issue

Traffic recovery on track but slower than expected

European markets still at risk; emerging countries slowing down

 Lack of confidence is holding the bizjet market turnaround

 USA market dictates the speed of recovery

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1200 Deliveries Forecast (units) Units US$ 225 17,3 1000 1345 Ultra Large 82,2 800 Ultra Long Range 1670

Large 1270 600 Supermid 920 64,7

400 Midsize 1140 Midlight 31,1 1780 17,8 200 Light 17,3 Entry 900 15,8 4,2 0 Deliveries Revenues 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 N10YF 9,250 jets and US$ 250 Bi in the next 10 years

This information is the property of Embraer and cannot be used or reproduced without written consent. 2014-2023 market forecast by region

EMEA North America 2,330 a/c (25%) 4,530 a/c (49%) US$ 70 Bi (28%) US$ 117 Bi (47%)

China 805 a/c (9%) US$ 29 Bi (11%) Asia Pacific 725 a/c (8%) US$ 21 Bi (8%)

Latin America Worldwide 860 a/c (9%) 9,250 units US$ 15 Bi (6%) US$ 250 Bi

Source: Embraer 2013.

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This information is the property of Embraer and cannot be used or reproduced without written consent. Embraer product portfolio

Ultra-large EIS 2009

Ultra-Long Range

Large EIS 2010

Super Mid-Size EIS 2002

Mid-size EIS 2014

Mid-light EIS 2015

Light EIS 2009

Entry EIS 2008

This information is the property of Embraer and cannot be used or reproduced without written consent. Executive Aviation - Revenue evolution (US$ million)

1292 1210 1119 937 838 874

582

246 278 145 175

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

CAGR 24.4%

This information is the property of Embraer and cannot be used or reproduced without written consent. EEJ market share evolution since EIS (units)

45% 40% 35%

30% 25% 20%

Market share Market 15% 10%

5%

0% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

22% accumulated since EIS, within the markets EEJ competes

Source: Jetnet and Embraer analysis – July, 2013

This information is the property of Embraer and cannot be used or reproduced without written consent. EEJ market share (revenues)

21.8 17.3 18.2 18.1 17.7 Total Revenues (in US$) 5% 6% 10% 7% 5% 8% 4% 3% 8% 6% 7,3% 4,2% 5,9% 6,4% 6,9% Others 23% 25% 21% 21% 27% Hawker-Beech Embraer 12% 18% 15% 17% Gulfstream 22% 19% 9% 10% Dassault 13% 7% Cessna Bombardier 33% 33%

% OEM Share – Share US$ OEM Revenues % Total 29% 28% 27%

2008 2009 2010 2011 2012 Source: GAMA and Embraer analysis – July, 2013

This information is the property of Embraer and cannot be used or reproduced without written consent. Backlog evolution (US$ million)

7200

5500 4900 4700 4400

3200 2800

1800

500 500 100 300

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013TD CAGR 17%

This information is the property of Embraer and cannot be used or reproduced without written consent. Embraer Executive Jets: Final assemblies

China - Harbin USA - Melbourne  Legacy 650  Phenom 100 & 300  Legacy 450 & 500

Brazil – São José dos Campos  Phenom 100 & 300  Legacy 450 & 500  Legacy 650  Lineage 1000

This information is the property of Embraer and cannot be used or reproduced without written consent. 400th Phenom 100/300 delivery in SJK

Phenoms delivered June ’13

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New Multi-Function Spoiler and Interior Improvements

New • Multi-function spoilers Standard • 11 new interior collections Items

• Refreshment center New Interior • Stowage space Options • Premium seats

This information is the property of Embraer and cannot be used or reproduced without written consent. Phenom 300 – Prodigy touch

 Based on Garmin 3000

 First to certify this touchscreen Garmin platform

 ANAC, FAA and EASA approved

 Now available as an option

This information is the property of Embraer and cannot be used or reproduced without written consent. Extended Range - 200 nm Enhanced Interior Entertainment to the latest generation

Enhanced cockpit options – E2VS and Autoland

External look refreshed

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 Three prototypes in flight test

 700+ flight hours Data All Preliminary  Over 16,000 systems test hours performed  On track for EIS in 1H 2014

First appearance at NBAA

This information is the property of Embraer and cannot be used or reproduced without written consent. Legacy 450 - Range increase

FROM TO

Range 2,300 nm 2,500 nm

Better performance and more flexibility

All Preliminary Data PreliminaryAll This information is the property of Embraer and cannot be used or reproduced without written consent. Legacy 450 - Cabin comfort improvement

46”

This information is the property of Embraer and cannot be used or reproduced without written4” consent. additional leg room New Interior Design unveiled at NBAA Legacy 450 program update

First flight expected for 2H13

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Embraer Service Center Authorized Service Center New Embraer Service Center in São Paulo -

Nearly 70 service centers worldwide.

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 MRO start-up: October 2013  200,000 SQFT

 FBO start-up: March 2014  US$ 25 million investment

This information is the property of Embraer and cannot be used or reproduced without written consent. Customer satisfaction: 2 nd position maintained

“Embraer is creeping even closer to the top spot, up 0.1 to 8.2 from last year’s 8.1”

This information is the property of Embraer and cannot be used or reproduced without written consent. 38 Embraer Executive Jets Global Presence

Phenom 100: 280+ Legacy 600/650: 200+

Phenom 300: 140+ Lineage 1000: 10+ 630+ executive jets in service in more than 50 countries

This information is the property of Embraer and cannot be used or reproduced without written consent. This information is the property of Embraer and cannot be used or reproduced without written consent. This presentation is the property of Embraer 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.

This information is the property of Embraer and cannot be used or reproduced without written consent.