Embraer Announces Its Second Quarter 2014 Results

SAO JOSE DOS CAMPOS, Brazil, July 31, 2014 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its second quarter 2014 results.

HIGHLIGHTS

• In the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and 29 executive (22 light and 7 large) jets;
• The Company's firm order backlog ended 2Q14 at US$ 18.1 billion;
• As a result of aircraft deliveries, coupled with revenues from the Company's Defense & Security business, 2Q14 Revenues were US$ 1,761.3 million, for year-over-year growth of 13.1%. Year-to-date (YTD) Revenues in the first six months of 2014 were US$ 3,003.6 million, representing year-over-year growth of 13.6%;
• EBIT and EBITDA margins were 10.6% and 14.8% respectively, in 2Q14, and for the first six months of 2014 were 9.3% and 13.7%, respectively;
• 2Q14 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 143.4 million and US$ 0.7829, respectively. For the first half of 2014, Net income attributable to Embraer Shareholders was US$ 254.0 million and Earnings per basic ADS was US$ 1.3867;
• The Company's 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.

MAIN FINANCIAL INDICATORS

in millions of U.S. dollars, except % and earnings per share data
IFRS	(1) 1Q14	(1) 2Q13	(1) 2Q14	(1) YTD14
Revenue	1,242.3	1,557.0	1,761.3	3,003.6
EBIT	92.1	135.3	186.8	278.9
EBIT Margin %	7.4%	8.7%	10.6%	9.3%
EBITDA	151.0	203.7	261.4	412.4
EBITDA Margin %	12.2%	13.1%	14.8%	13.7%
Adjusted Net Income2	62.9	91.8	128.8	191.8
Net income (loss) attributable to Embraer Shareholders	110.6	(5.3)	143.4	254.0
Earnings (loss) per share - ADS basic  (US$)	0.6044	(0.0291)	0.7829	1.3867
Net Cash	52.7	58.0	(114.3)	(114.3)
(1) Derived from unaudited financial information

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

INVESTOR RELATIONS

Luciano Froes, Caio Pinez, Christopher Thornsberry, Claudio Massuda, Nadia Santos and Paulo Ferreira
([phone]
[e-mail]
http://ri.embraer.com.br
Follow Embraer's IR Department on twitter: @IREmbraer

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 2Q14 Results on Thursday, July 31, 2014 at 10:30am (SP) / 9:30am (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com

Telephones:
Operator Assisted (US/ Canada) Toll-Free Dial-In Number: [phone]
Operator Assisted International Dial-In Number: [phone]
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)
Code: 69304532

CONTACTS:

Headquarters (Brazil)
Rosana Dias
[e-mail]
Cell: [phone]
Tel.: [phone]
Fax: [phone]

North America
Robert Stangarone
[e-mail]
Cell: [phone]
Tel.: [phone]
Fax: [phone]

Europe, Middle East and Africa
Herve Tilloy
[e-mail]
Cell: [phone]
Tel.: [phone]
Fax: [phone]

China
Mirage Zhong
[e-mail]
Cell: [phone]
Tel.: [phone]
Fax: [phone]

Asia Pacific
Nilma Missir-Boissac
[e-mail]
Cell: [phone]
Tel.: [phone]
Fax: [phone]
 

SOURCE Embraer S.A.

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