May 2017 investor.relations@.com.br ri.embraer.com.br Embraer RI +55 12 3927 1000 EMBRAER BUSINESS AREAS

2 This information is property of Embraer and can not be used or reproduced without written permission. FIRM ORDER BACKLOG US$ BILLION 1Q17: 19.2

EXECUTIVE JETS

22.5 20.9 COMMERCIAL DEFENSE 18.2 19.6 & SECURITY 12.4

2012 2013 2014 2015 2016

3 This information is property of Embraer and can not be used or reproduced without written permission. DELIVERIES

1Q17: 18 1Q17: 11 | 4

119 116 120 117 99

82 73 90 92 77 106 101 108 90 92

38 44 22 29 24

2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

70 - 80 35 - 45 2017 OUTLOOK: 97 - 102 2017 OUTLOOK: 105 - 125

4 This information is property of Embraer and can not be used or reproduced without written permission. NET REVENUES US$ MILLION 1Q17: 1,026

EXECUTIVE JETS 6,167 6,235 6,289 5,928 6,218 COMMERCIAL DEFENSE AVIATION & SECURITY

2012 2013 2014 2015 2016

2017 OUTLOOK: US$ 5.7 – 6.1 BILLION

5 This information is property of Embraer and can not be used or reproduced without written permission. NET REVENUES BREAKDOWN

SEGMENT REGION

6.29 5.93 6.22 6.29 5.93 6.22

1% 1% 2% 3% 6% 4% 14% 15% 4% 4% 5% 23% 4% 2% 6% 3% 12% 4% 11% 29% 28% 21% 11% 26% 8% 14%

56% 57% 65% 63% 50% 48%

2014 2015 2016 2014 2015 2016

NORTH AMERICA CHINA ASIA PACIFIC

EUROPE SOUTH & CENTRAL AFRICA & OTHERS AMERICA MIDDLE EAST

6 This information is property of Embraer and can not be used or reproduced without written permission. CORPORATE GOVERNANCE STRUCTURE

S H A R E H O L D E R S

FISCAL BOARD

BOARD OF DIRECTORS

BOARD OF EXECUTIVE OFFICERS

STRATEGY ETHICS COMMITTEE COMMITTEE PEOPLE AND FINANCIAL MANAGEMENT GOVERNANCE COMMITTEE COMMITTEE

SUSTAINABILITY AUDIT AND RISKS COMMITTEE COMMITTEE

ENVIRONMENTAL RISK INTERNAL AUDIT COMMITTEE

SECURITIES TRADING COMPLIANCE COMMITEE

7 This information is property of Embraer and can not be used or reproduced without written permission. OWNERSHIP STRUCTURE

734,558,924 VOTING SHARES

LOCAL SHAREHOLDERS 21%

47% 53%

79%

INTERNATIONAL SHAREHOLDERS

8 This information is property of Embraer and can not be used or reproduced without written permission. EMBRAER CREDIT RATINGS

BBB INVESTMENT GRADE SINCE JAN. 2006

BBB- INVESTMENT GRADE SINCE APR. 2016

Ba1

9 This information is property of Embraer and can not be used or reproduced without written permission. COST REDUCTION PLAN - DETAILS

REDUCTION OF ANNUAL RECURRING EXPENSES BY US$ 200 MILLION.

US$ 200 MM LAUNCHED IN SEPTEMBER 2016

LABOR ADJUSTMENT: ~ US$ 130 MILLION $130 – 140 $60 – 70 MM MM OTHER COSTS: ~ US$ 70 MILLION (FOCUSED ON TRAVEL EXPENSES, CONSULTING FEES, OTHER G&A EXPENSES)

10 This information is property of Embraer and can not be used or reproduced without written permission. SHORT & MID TERM OPPORTUNITIES

E-2 EIS (ACCESS TO E-JET BASE) SUPER TUCANO NEW SALES E-JET OPPORTUNITIES IN US/ASIA

KC-390 FROM DEVELOPMENT TO PRODUCTION PREMIUM POINT-TO-POINT BIZ TRAVELER

L450 AND L500 NEW CUSTOMERS GROWING SERVICES REVENUES

COST REDUCTION PLAN REVENUES

MARGIN GAINS L450/L500 RAMP UP

HIGHER DISCIPLINE ON HIGHER EBITDA PRICES & COSTS GENERATION

INDUSTRIAL OPTIMIZATION IN LOWER INVESTMENTS POST E-2

STREAMLINING OF SUBSIDIARIES & SERVICE WORKING CAPITAL GAINS (LOWER CENTERS INVENTORIES / ACCOUNTS RECEIVABLE)

11 This information is property of Embraer and can not be used or reproduced without written permission.

OVER 100 AIRLINES IN MORE THAN 60 COUNTRIES

13 This information is property of Embraer and can not be used or reproduced without written permission. PRODUCT PORTFOLIO

37 seats 70 - 80 seats 1,750nm (3,250Km) 2,100nm (3,900Km)

44 seats 78 - 88 seats 80-90 seats 1,650nm (3,050Km) 2,000nm (3,700Km) 2,060nm (3,820Km)

50 seats 98 - 114 seats 97-114 seats 1,550nm (2,900Km) 2,400nm (4,500Km) 2,850nm (5,280Km)

50 seats 2,000nm (3,700Km) 108 - 122 seats 120-146 seats 2,200nm (4,100Km) 2,450nm (4,540Km)

14 This information is property of Embraer and can not be used or reproduced without written permission. E-JETS – GLOBAL MARKET SUCCESS 1,749 ORDERS

1,317 DELIVERIES

432 AIRCRAFT IN BACKLOG

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Source: Embraer (March 2017)

15 This information is property of Embraer and can not be used or reproduced without written permission. E-JETS – ORDER BOOK 1Q17

FIRM ORDERS DELIVERIES FIRM BACKLOG

193 190 3 525 437 88 590 534 56 166 156 10 100 - 100 85 - 85 90 - 90 TOTAL 1,749 1,317 432

16 This information is property of Embraer and can not be used or reproduced without written permission. E-JETS – SHARE AND REGION BREAKDOWN

DELIVERIES SHARE DELIVERIES BY REGION 70-130 SEATS JETS MIDDLE EAST AFRICA OTHERS ASIA PACIFIC 6% 8% CHINA 13% NORTH E-JETS 42% AMERICA 61% 17% BOMBARDIER 31% 22% EUROPE CIS NORTH AMERICA SHARE BACKLOG BY REGION 76 SEAT JETS - ORDERS SINCE 2013 OTHERS ASIA PACIFIC 1% CHINA 20%

CRJ900 E175 LATIN AMERICA 6% 17% NORTH 83% 56% AMERICA EUROPE 17% CIS

As of 2Q16

17 This information is property of Embraer and can not be used or reproduced without written permission. COMPETITIVE SCENARIO

CAPACITY (SINGLE CLASS) 180+

737-8MAX

160 A320neo

140 A319neo 737-7 MAX CS300

120 E195-E2 CS100 E195

100 E190 E190-E2 CRJ1000 SSJ95/100

CRJ900 ARJ21 MRJ90 E175-E2 80 E175 CRJ700 MRJ70 E170

18 This information is property of Embraer and can not be used or reproduced without written permission. EMBRAER MARKET FORECAST (2016-2035)

CIS EUROPE 380 JETS (6%) NORTH AMERICA 1,160 JETS 2,020 JETS (31%) (18%) MIDDLE EAST AFRICA 230 JETS (4%) ASIA PACIFIC 230 JETS (4%) 1,690 JETS (26%)

LATIN AMERICA 690 JETS (11%)

WORLDWIDE 6,400 JETS (70-130 SEATS) US$ 300 BILLION

19 This information is property of Embraer and can not be used or reproduced without written permission. MARKET OPPORTUNITIES

DIRECT REPLACEMENT

50/70-SEAT JET REPLACEMENT

TP REPLACEMENT

RIGHT-SIZING

SMALL NB IN US MAINLINES

LCCS IN ASIA AND EUROPE

REGIONAL AVIATION DEVELOPMENT (INDIA, BRAZIL, TURKEY, IRAN)

CHINA: NEW CAAC POLICY ON AIRLINE LICENSE

20 This information is property of Embraer and can not be used or reproduced without written permission.

E-JETS EVOLUTION

130 +14 SEATS 120 120-146 seats 20% 2,450nm

110 SAME 100 20% 97-114 seats 2,850nm 90 +4 SEATS

80 80-90 seats 2,060nm 70

22 This information is property of Embraer and can not be used or reproduced without written permission. A NEW DESIGN ON A PROVEN PLATFORM

IMPROVED AVIONICS 45% more display area NEW INTERIOR Enhanced PAX experience and more overhead bin volume NEW WING More efficient, higher aspect ratio AIRCRAFT SYSTEMS Re-design to boost performance, reliability and maintenance costs FUSELAGE Extensive aerodynamic optimization to improve fuel efficiency NEW ENGINE High-By-Pass Ratio, Geared Fan Engines LANDING GEAR DOORS Up to 1% fuel burn reduction

4TH GEN FULL FLY-BY-WIRE Digital closed-loop control to improve flying qualities and fuel efficiency

23 This information is property of Embraer and can not be used or reproduced without written permission. SMARTER BY DESIGN NOT SIMPLY AN EXERCISE IN TECHNOLOGY

1.5% 4TH GENERATION FLY-BY-WIRE

3.5%

WING, LANDING GEAR DOORS AND AERODYNAMIC IMPROVEMENTS 11% PW GTF ENGINE

16% LOWER CONSUMPTION OVER CURRENT E190

24 This information is property of Embraer and can not be used or reproduced without written permission. SMARTER FOR BUSINESS FUEL COST

-10% CS100 PER TRIP

-10%

CS300

-10% PER SEATPER

25 This information is property of Embraer and can not be used or reproduced without written permission. COST PER SEAT IMPROVEMENTS

FUEL BURN DMC

E175-E2 (80 SEATS) E190-E2 (97 SEATS) E195-E2 (120 SEATS) vs E175 (76 SEATS) vs E190 (97 SEATS) vs E195 (106 SEATS) 0%

-5%

-10%

-16% -16% -15% -15% -20% -20% -25% -24% -25%

E175 CF34-8E5 baseline per 2011 conditions E190 CF34-10E6 baseline per 2011 conditions *2,600FH/Yr & 1.5FH/FC; 10 years DMC *2,600FH/Yr & 1.5FH/FC; 10 years DMC Target values for 600 nm sector; Dual Class configuration

26 This information is property of Embraer and can not be used or reproduced without written permission. UP TO 50% HIGHER PROFIT PER SEAT THAN 170-SEAT AIRCRAFT

100 SEATER 170 SEATER

REVENUE PER SEAT - COST PER SEAT = PROFIT PER SEAT +30% +20% +50%

TO KNOW MORE PLEASE VISIT www.newmetricsofsuccess.com

27 This information is property of Embraer and can not be used or reproduced without written permission. MASTER PHASE PLAN

ACCOMPLISHED PLANNED 2012 2013 2014 2015 2016 2017 2018 2019 2021

 1ST FLIGHT DETAIL DESIGN, MANUFACTURING AND ADVANCED DESIGN CERTIFICATION H1 2018

 11STST FLIGHTFLIGHT DETAIL DESIGN, MANUFACTURING AND ADVANCED DESIGN CERTIFICATION 2019

1ST FLIGHT DETAIL DESIGN, MANUFACTURING AND ADVANCED DESIGN CERTIFICATION 2020

28 This information is property of Embraer and can not be used or reproduced without written permission. E2 ONGOING FLIGHT TEST CAMPAIGN

4RD PROTOTYPE JOINED THE FLIGHT TEST CAMPAIGN 650+ FLIGHT-TEST HOURS 1,000+ GROUND-TEST HOURS

E195-E2 SUCCESSFUL ROLL OUT FIRST FLIGHT AHEAD OF SCHEDULE

29 This information is property of Embraer and can not be used or reproduced without written permission. COMMITMENTS E-JETS E2

AERCAP 50+50 x E190-E2 | E195-E2 AIRCASTLE 25 +25 x E190-E2 | E195-E2 AIR COSTA 50+50 x E190-E2 | E195-E2 AZUL 30+20 x E195-E2 HAINAN/TIANJIN AIRLINES 2+18 x E190-E2 ICBC LEASING 10+10 x E190-E2 SKYWEST, INC. 100+100 x E175-E2 TRANS STATES HOLDINGS 50+50 x E175-E2 KALSTAR AVIATION 5+5 x E190-E2 690 COMMITMENTS ARKIA ISRAELI AIRLINES 6+4 x E195-E2 (275 FIRM) UNDISCLOSED 0+10 x E190-E2

30 This information is property of Embraer and can not be used or reproduced without written permission.

1,100+ JETS DELIVERED IN MORE THAN 70 COUNTRIES

32 This information is property of Embraer and can not be used or reproduced without written permission. PRODUCT PORTFOLIO

ENTRY LIGHT MIDLIGHT MIDSIZE Certified 2008 Certified 2009 Certified 2015 Certified 2014 Up to 8 occupants | 1,178 nm Up to 11 occupants | 1,971 nm 7 to 9 passengers | 2,900 nm 8 to 12 passengers | 3,125 nm • - Mustang/M2 • Cessna - CJ3+/CJ4 • Bombardier - Learjet 75 • Cessna - Sovereign+ • HondaJet • Bombardier - Learjet 75 • Cessna - XLS+/Latitude • Bombardier - CL350 • Pilatus - PC-24 • Gulfstream - G280

LARGE ULTRA-LARGE Under Certification Certified 2008 13 to 14 passengers | 3,900 nm 13 to 19 passengers | 4,600 nm • Cessna - Hemisphere • - ACJ 318/319/320 • Bombardier - CL650 • - BBJ/BBJ2/BBJ3 • Dassault - Falcon 2000LXS/900LX • Gulfstream - G450

33 This information is property of Embraer and can not be used or reproduced without written permission. MARKET SHARE

REVENUES SHARE (US$ BI | B&CA LIST PRICES) DELIVERIES SHARE (UNITS)

17.7 21.2 21.8 21.9 18.6 663 677 715 706 652

MARKET REVENUES 2016: US$ 18.6 BILLION MARKET DELIVERIES 2016: 652 UNITS EMBRAER REVENUES: US$ 1.7 BILLION EMBRAER DELIVERIES: 117 UNITS

OTHERS

34 This information is property of Embraer and can not be used or reproduced without written permission. EXECUTIVE JETS – DELIVERIES EVOLUTION

1,097

144 115 119 116 120 117 99 99

14 8 13 13 27 35 36 2 5 15 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017YTD

EMBRAER EXECUTIVE JETS DELIVERIES ACCUMULATED FLEET

35 This information is property of Embraer and can not be used or reproduced without written permission. BUSINESS JETS PRE-OWNED MARKET INVENTORY

11.0% 8.2% 2,323 JETS 653 JETS

Source: Jetnet and Embraer analysis, February 2017

36 This information is property of Embraer and can not be used or reproduced without written permission. MARKET FORECAST PER JET CLASS (2017-2026)

DELIVERIES FORECAST (N10Y) UNITS US$ ULTRA LARGE

U-LONG RANGE

LARGE

SUPERMID

MIDSIZE

MIDLIGHT

LIGHT

ENTRY

SMALL TO SUPERMID CLASSES REBOUND AND LARGE TO ULTRA-LONG RANGE STABILITY

37 This information is property of Embraer and can not be used or reproduced without written permission. EMBRAER MARKET FORECAST (2017-2026)

EUROPE & AFRICA 1,900 JETS (23%) NORTH AMERICA US$ 60 BI (25%) 4,700 JETS (56%) CHINA US$ 128 BI (52%) 570 JETS (7%) US$ 22 BI (9%)

ASIA PACIFIC & MIDDLE EAST 660 JETS (8%) US$ 21 BI (9%) LATIN AMERICA 570 JETS (7%) US$ 13 BI (5%)

WORLDWIDE 8,400 JETS US$ 244 BILLION

38 This information is property of Embraer and can not be used or reproduced without written permission. EXPANDING OPERATIONS IN FLORIDA 4 CUSTOMER CENTER

7 LEGACY 450/500 DELIVERY CENTER

6 LEGACY 450/500 PAINTING

2 LEGACY 450/500 FINAL ASSEMBLY PHENOM PAINTING 5

1 PHENOM FINAL ASSEMBLY ENGINEERING CENTER 3

39 This information is property of Embraer and can not be used or reproduced without written permission. SERVICE CENTERS – GLOBAL FOOTPRINT

40 This information is property of Embraer and can not be used or reproduced without written permission.

PRODUCTS AND SOLUTIONS IN MORE THAN 60 COUNTRIES

42 This information is property of Embraer and can not be used or reproduced without written permission. INTEGRATED PORTFOLIO

ISR SOLUTIONS LIGHT ATTACK AND MODERNIZATION TACTICAL MILITARY TRANSPORT ADVANCED TRAINING PROGRAMS TRANSPORT AIRCRAFT

PARTNERSHIPS

C4I RADAR SATELLITE LAND SYSTEMS SERVICES • C2 & C4I SYSTEMS • REMOTE SENSING • SATELLITE GEOSTATIONARY • LAND DEFENSE SYSTEMS • MRO • AIRBORNE SYSTEMS OF DEFENSE AND INTEGRATION • AERIAL SURVEILLANCE COMMUNICATIONS (SGDC) • AEROSTRUCTURES • SIMULATION RADAR • SISFRON IMPLEMENTATION • CONTROL SYSTEMS • AIR TRAFFIC SYSTEM 100% 100% 51% 100% 65%

43 This information is property of Embraer and can not be used or reproduced without written permission. EMBRAER DEFENSE & SECURITY RESULTS

REVENUES EVOLUTION (US$ MILLION) BACKLOG EVOLUTION (US$ BILLION)

23% 19% 17% 15% 15% 14% 13% 9% 8% 6% 7% 5.5 1,456 4.7 4.5 1,197 1,056 3.3 3.3 3.4 3.6 933 3.2 852 811 670 505 499 1.5 346 1.1 1.0 227

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

REVENUES PARTICIPATION (%)

44 This information is property of Embraer and can not be used or reproduced without written permission. REVENUE BREAKDOWN BY PRODUCT

2016 2017 ESTIMATE

SPECIAL MODERNIZATION MISSION SPECIAL MODERNIZATION MISSION SERVICES, PARTS, MRO C4I, SATELLITE, SERVICES, LAND SYSTEMS* PARTS, MRO C4I, SATELLITE, LAND SYSTEMS*

LIGHT ATTACK LIGHT ATTACK COMBAT COMBAT

KC-390 KC-390

* Atech, Bradar, Savis, Visiona Ref.: Dec, 2016

45 This information is property of Embraer and can not be used or reproduced without written permission. KC-390

BRAZIL: 28

COLOMBIA: 12

ARGENTINA: 6

CHILE: 6

PORTUGAL: 6

CZECH REP.: 2 ADDRESSABLE MARKET: ~2,700 AIRCRAFT

• NEW TACTICAL MILITARY TRANSPORT AND TANKER AIRCRAFT • BRAZILIAN GOVERNMENT AND EMBRAER SIGNED CONTRACT FOR 28 KC-390 • OTHER FIVE LOIs (32 AIRCRAFT) • CERTIFICATION EXPECTED BY 2H2017 • FIRST DELIVERY TO IN 1H2018 • NEARLY 90% OF PROGRAM DEVELOPMENT COMPLETED • TWO PROTOTYPES PERFORMING FLIGHT TEST CAMPAIGN (600+ FLIGHT HOURS) • PARTNERSHIP WITH BOEING TO MARKET AND SUPPORT THE KC-390

46 This information is property of Embraer and can not be used or reproduced without written permission. KC-390 – MARKET OVERVIEW (10 TO 30 TONS)

18% 34 YEARS 34% 25 YEARS 9% 36 YEARS 20% 32 YEARS 7%* 12% 35 YEARS** 37 YEARS

CURRENT FLEET ~ 2,700 AIRCRAFT * Fleet distribution ** Fleet average age WORLD’S AIRLIFT AVERAGE AGE IS AT 31.5 MOST SHALL BE REPLACED OVER THE NEXT 20 YEARS

47 This information is property of Embraer and can not be used or reproduced without written permission. SUPER TUCANO

BRAZIL: 99 COLOMBIA: 25 DOMINICAN REPUBLIC: 8 CHILE: 12 ECUADOR: 18 INDONESIA: 16 MAURITANIA: 2 BURKINA FASO: 3 ANGOLA: 6 USA: 21 FIRM ORDERS: ~230 AIRCRAFT MALI: 6 DELIVERIES: ~ 200 AIRCRAFT GHANA: 5 LEBANON: 6 ADDRESSABLE MARKET: ~400 AIRCRAFT UNDISCLOSED: 2 CURRENT LEADER WITH MORE THAN 50% MARKET-SHARE

48 This information is property of Embraer and can not be used or reproduced without written permission. BRAZILIAN ARMY PRIORITIES

SISFRON SATELLITE

INTEGRATED BORDERS MONITORING SYSTEM BRAZILIAN GEOSTATIONARY DEFENSE AND COMMUNICATION SATELLITE PROGRAM (SGDC)

FIRST PHASE: US$ 420 MILLION TOTAL ESTIMATE: US$ 4 BILLION TOTAL ESTIMATE: US$ 400 MILLION

COMPRISING RADARS, COMMUNICATION NETWORKS, C4I, PARTICIPATION IN THE FIRST BRAZILIAN GEOSTATIONARY SATELLITE UNMANNED AIR VEHICLES (UAV) AND ARMORED VEHICLES SUCCESSFUL LAUNCH ON MAY 2017

49 This information is property of Embraer and can not be used or reproduced without written permission. NEW BRAZILIAN FIGHTER (F-39 GRIPEN)

BRAZILIAN GOVERNMENT CONTRACTED SAAB TO SUPPLY 36 GRIPEN NG FIGHTER JET

CONTRACT BETWEEN EMBRAER AND SAAB FINALIZED (EFFECTIVE AND RUNNING)

GROUP OF 80+ BRAZILIAN ENGINEERS IN SWEDEN FOR TECHNOLOGY TRANSFERING

GRIPEN DESIGN AND DEVELOPMENT NETWORK INAUGURATED IN GPX SITE IN BRAZIL

50 This information is property of Embraer and can not be used or reproduced without written permission. FINANCIAL RESULTS NET REVENUES US$ MILLION

2,028 1,514 1,309 1,366 1,032 1,026 857 927 711 636

1Q16 2Q16 3Q16 4Q16 1Q17 1Q16 2Q16 3Q16 4Q16 1Q17 2017 OUTLOOK: US$ 5.7 – 6.1 BILLION 2017 OUTLOOK: US$ 3.25 – 3.40 BILLION

670 319 402 367 189 210 216 293 226 156

1Q16 2Q16 3Q16 4Q16 1Q17 1Q16 2Q16 3Q16 4Q16 1Q17 2017 OUTLOOK: US$ 1.60 – 1.75 BILLION 2017 OUTLOOK: US$ 0.80 – 0.90 BILLION

52 This information is property of Embraer and can not be used or reproduced without written permission. SG&A EXPENSES US$ MILLION

140 147 120 125 39 48 114 33 44 43

101 99 87 81 71

1Q16 2Q16 3Q16 4Q16 1Q17

G&A EXPENSES SELLING EXPENSES

53 This information is property of Embraer and can not be used or reproduced without written permission. ADJUSTED EBIT US$ MILLION

12.1%

6.5% 6.3% INCLUDES NON 5.3% RECURRING ITEMS: 3.0% FCPA SETTLEMENT VOLUNTARY DISMISSAL REPUBLIC AIRWAYS 246 1Q17: US$ (8) MI 4Q16: US$ 30 MI 3Q16: US$ (124) MI 95 86 73 2Q16: US$ (200) MI -9.3% -1.9% 13.6% 31 2.3% (127) (29) 277 23 1Q16 2Q16 3Q16 4Q16 1Q17

EBIT EBIT MARGIN

2017 OUTLOOK: US$ 450 – 550 MILLION | 8.0% – 9.0%

54 This information is property of Embraer and can not be used or reproduced without written permission. ADJUSTED EBITDA US$ MILLION

17.2%

12.2% 11.7% INCLUDES NON 10.5% 10.1% RECURRING ITEMS: FCPA SETTLEMENT VOLUNTARY DISMISSAL REPUBLIC AIRWAYS 348 1Q17: US$ (8) MI 4Q16: US$ 30 MI 178 3Q16: US$ (124) MI 160 144 103 2Q16: US$ (200) MI -4.1% 3.6% 18.7% 9.3% (56) 54 379 96 1Q16 2Q16 3Q16 4Q16 1Q17

EBITDA EBITDA MARGIN

2017 OUTLOOK: US$ 770 – 890 MILLION | 13.5% – 14.5%

55 This information is property of Embraer and can not be used or reproduced without written permission. ADJUSTED NET INCOME (EX. EXTRAORDINARY ITEMS) US$ MILLION

10.3%

3.2% 2.6% 2.3%

-0.1%

209

44 (2) 7.9% -7.3% 39 -2.2% 9.6% 23 4.1% 104 (99) (34) 195 43 1Q16 2Q16 3Q16 4Q16 1Q17

NET INCOME NET MARGIN INCLUDES PROVISIONS

56 This information is property of Embraer and can not be used or reproduced without written permission. INVESTMENTS US$ MILLION YTD: 72

400

200

8 50 31 33 RESEARCH DEVELOPMENT CAPEX

2017 YTD 2017 OUTLOOK

2017 OUTLOOK: US$ 650 MILLION

57 This information is property of Embraer and can not be used or reproduced without written permission. ADJUSTED FREE CASH FLOW US$ MILLION

285

(21) (202) (199)

(422)

1Q16 2Q16 3Q16 4Q16 1Q17

1Q16 2Q16 3Q16 4Q16 1Q17 NET CASH GENERATED (USED) BY OPERATING ACTIVITIES (14) (183) 235 498 * (48) * NET ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT (76) (112) (126) (75) (35) ADDITIONS TO INTANGIBLE ASSETS (111) (127) (130) (137) (117) FREE CASH FLOW (202) (422) (21) 285 (199) * INCLUDES ADJUSTMENT FOR NON-RECURRING CASH IMPACTS OF US$ 248 MILLION IN 4Q16 AND US$ 17 MILLION IN 1Q17

2017 OUTLOOK: > US$(150) MILLION

58 This information is property of Embraer and can not be used or reproduced without written permission. INDEBTEDNESS PROFILE | NET CASH

INDEBTEDNESS MATURITY NET CASH (DEBT) US$ MILLION

5.9 6.3 5.7 5.5 5.3 (220)

14% 13% 13% 14% 8% (575) (613) (653) (806)

86% 87% 87% 86% 92%

1Q16 2Q16 3Q16 4Q16 1Q17 1Q16 2Q16 3Q16 4Q16 1Q17

LONG-TERM SHORT-TERM LOANS AVERAGE MATURITY (YEARS)

TOTAL DEBT: US$ 4.29 BILLION TOTAL CASH: US$ 3.48 BILLION

JAN 2017: ISSUANCE OF US$ 750 MILLION IN NOTES DUE IN 2027 (COUPON 5.4%)

59 This information is property of Embraer and can not be used or reproduced without written permission. 2017 OUTLOOK 2017 OUTLOOK

70 - 80 US$ 0.80 – 0.90 BI 97 - 102 35 - 45 105 - 125 OTHER US$ 3.25 – 3.40 BI US$ 1.60 – 1.75 BI US$ 50 MI

US$ 5.7 – 6.1 BI NET REVENUES

61 This information is property of Embraer and can not be used or reproduced without written permission. 2017 OUTLOOK

EBIT EBITDA FCF

US$ 450 – 550 MI US$ 770 – 890 MI > US$(150) MI

MARGIN MARGIN 8.0% – 9.0% 13.5% – 14.5%

RESEARCH US$ 50 MI NVESTMENTS I DEVELOPMENT US$ 400 MI US$ 650 MI CAPEX US$ 200 MI

62 This information is property of Embraer and can not be used or reproduced without written permission. [email protected] ri.embraer.com.br Embraer RI +55 12 3927 1000 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.