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Press release from PR Newswire

Embraer Announces Its Second Quarter 2013 Results

Thursday, July 25, 2013

Embraer Announces Its Second Quarter 2013 Results

19:55 EDT Thursday, July 25, 2013

SAO JOSE DOS CAMPOS, Brazil, July 25 , 2013 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its second quarter 2013 results.

HIGHLIGHTS

  • In the second quarter of 2013 (2Q13), Embraer delivered 22 commercial and 29 executive (23 light and 6 large) jets;
  • The Company's firm order backlog grew to US$ 17.1 billion, reaching its highest level since the third quarter of 2009, mainly as a result of significant orders in the Commercial aviation segment;
  • As a result of aircraft deliveries, coupled with revenues from the Company's growing Defense & Security business, 2Q13 Revenues reached US$ 1,557.0 million and gross margin was 23.1% for the period;
  • EBIT and EBITDA margins were 8.7% and 13.1% respectively, in 2Q13;
  • Positive operating cash generation of US$ 412.8 million in 2Q13;
  • 2Q13 Net income (loss) attributable to Embraer Shareholders and Earnings (loss) per ADS basic totaled negative US$ 5.3 million and negative US$ 0.0291, respectively, primarily as a result of Deferred income taxes generated by the appreciation of the US Dollar during the period, which negatively impacted 2Q13 Net income. Therefore, 2Q13 Adjusted Net Income, excluding deferred income taxes, was US$ 91.8 million.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data

IFRS

(1)

(1)

(1)

(1)

1Q13

2Q12

2Q13

YTD13

Revenue

1,085.9

1,714.9

1,557.0

2,642.9

EBIT

39.5

197.4

135.3

174.8

EBIT Margin %

3.6%

11.5%

8.7%

6.6%

EBITDA

100.3

265.2

203.7

304.0

EBITDA Margin %

9.2%

15.5%

13.1%

11.5%

Adjusted Net Income 

34.2

158.9

91.8

125.9

Net income (loss) attributable to Embraer Shareholders

30.0

54.6

(5.3)

24.6

Earnings (loss) per share - ADS basic

0.1652

0.3011

(0.0291)

0.1353

Net Cash

98.2

289.8

58.0

58.0

(1) Derived from unaudited financial information.

For additional information, please check the full document in our website:http://ri.embraer.com.br

INVESTOR RELATIONSLuciano Froes, Caio Pinez, Claudio Massuda, Nadia Santos and Paulo Ferreira (+55 12) 3927-4404investor.relations@embraer.com.brhttp://ri.embraer.com.br

Follow Embraer's IR Department on twitter: @IREmbraer

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 2Q13 Results on Friday, July 26, 2013 at 10:30am (SP) / 9:30 am (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com.br

Telephones:Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574Operator Assisted International Dial-In Number: (708) 290-0687Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)Code: 71911929

SOURCE Embraer S.A.

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