Embraer 20-F Ingles Completo 1
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2012 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-15102 EMBRAER S.A. (Exact name of Registrant as specified in its charter) EMBRAER Inc. (Translation of Registrant's name into English) Federative Republic of Brazil (Jurisdiction of incorporation) Avenida Brigadeiro Faria Lima, 2170 12227-901 São José dos Campos, São Paulo, Brazil (Address of principal executive offices) Luciano Rodrigues Fróes Head of Investor Relations (55) 12 3927 4404 [email protected] Investor relations department, (55) 12 3927 4404, [email protected] (Name, Telephone, E-mail and/or facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act Title of each class: Name of each exchange on which registered Common shares, without par value (represented by, and traded New York Stock Exchange only in the form of, American Depositary Shares (evidenced by American Depositary Receipts), with each American Depositary Share representing four common shares) US$500,000,000 6.375% Guaranteed Notes due 2020 of New York Stock Exchange Embraer Overseas Ltd. Guaranteed by Embraer S.A. US$500,000,000 5.150% Notes due 2022 of Embraer S.A. New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act None. Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act Title of each class US$400,000,000 6.375% Guaranteed Notes due 2017 of Embraer Overseas Ltd. Guaranteed by Embraer S.A. Number of outstanding shares of each of the issuer's classes of capital or common stock as of December 31, 2012: 740,465,044 common shares, without par value Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. Large Accelerated Filer Accelerated Filer Non-accelerated filer Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. GAAP International Financial Reporting Standards as issued by the International Accounting Standards Board Other If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No TABLE OF CONTENTS Part I Page ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS ............................... 4 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE ................................................................. 4 ITEM 3. KEY INFORMATION ..................................................................................................................... 4 3A. Selected Financial Data ..................................................................................................................... 4 3B. Capitalization and Indebtedness ........................................................................................................ 7 3C. Reasons for the Offer and Use of Proceeds ....................................................................................... 7 3D. Risk Factors ...................................................................................................................................... 7 ITEM 4. INFORMATION ON THE COMPANY ........................................................................................ 19 4A. Unresolved Staff Comments ........................................................................................................... 19 4B. History and Development of the Company ..................................................................................... 19 4C. Business Overview .......................................................................................................................... 24 4D. Organizational Structure ................................................................................................................. 46 4E. Property, Plant and Equipment ....................................................................................................... 46 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS ................................................. 51 5A. Operating Results ............................................................................................................................ 51 5B. Liquidity and Capital Resources ..................................................................................................... 70 5C. Research and Development, Patents and Licenses, etc. .................................................................. 74 5D. Trend Information ........................................................................................................................... 75 5E. Off-Balance Sheet Arrangements.................................................................................................... 79 5F. Tabular Disclosure of Contractual Obligations ............................................................................... 82 5G. Safe Harbor ..................................................................................................................................... 83 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES .................................................. 83 6A. Directors and Senior Management .................................................................................................. 83 6B. Compensation ................................................................................................................................. 89 6C. Board Practices ............................................................................................................................... 91 6D. Employees ....................................................................................................................................... 93 6E. Share Ownership ............................................................................................................................. 93 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS ................................. 93 7A. Major Shareholders ......................................................................................................................... 93 7B. Related Party Transactions .............................................................................................................. 94 7C. Interests of Experts and Counsel ..................................................................................................... 96 ITEM 8. FINANCIAL INFORMATION ...................................................................................................... 96 8A. Consolidated Statements and Other Financial Information ............................................................. 96 8B. Significant Changes ...................................................................................................................... 101 ITEM 9. THE OFFER AND LISTING ....................................................................................................... 101 9A. Offer and Listing Details ............................................................................................................... 101 9B. Plan of Distribution ....................................................................................................................... 102 9C. Markets ......................................................................................................................................... 102 9D. Selling Shareholders ..................................................................................................................... 105 9E. Dilution ........................................................................................................................................