Embraer Announces Its Third Quarter 2014 Results

SAO JOSE DOS CAMPOS, Brazil, Nov. 6, 2014 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3,) releases its third quarter 2014 results.

HIGHLIGHTS

• In the third quarter of 2014 (3Q14), Embraer delivered 19 commercial and 15 executive (all light) jets;
• The Company's firm order backlog ended 3Q14 at US$ 22.1 billion, an all-time Company record;
• As a result of lower total aircraft deliveries, partially offset by higher revenues from the Company's Defense & Security business, 3Q14 Revenues were US$ 1,239.7 million, for a year-over-year decline of 3.8%. Year-to-date (YTD) Revenues in the first nine months of 2014 were US$ 4,243.3 million, representing year-over-year growth of 7.9%;
• EBIT and EBITDA margins were 5.5% and 11.0% respectively, in 3Q14, and for the first nine months of 2014 were 8.2% and 12.9%, respectively;
• 3Q14 Net income (loss) attributable to Embraer Shareholders and Earnings (loss) per basic ADS totaled US$ (10.7) million and US$ (0.0584), respectively. For the first nine months of 2014, Net income (loss) attributable to Embraer Shareholders was US$ 243.3 million and Earnings (loss) per basic ADS was US$ 1.3272;
• The Company's 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.
• Embraer was listed for the fifth consecutive year on the Dow Jones Sustainability Index.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data
IFRS	(1) 2Q14	(1) 3Q13	(1) 3Q14	(1) YTD14
Revenue	1,761.3	1,288.2	1,239.7	4,243.3
EBIT	186.8	75.8	68.1	347.0
EBIT Margin %	10.6%	5.9%	5.5%	8.2%
EBITDA	261.4	156.4	135.9	548.3
EBITDA Margin %	14.8%	12.1%	11.0%	12.9%
Adjusted Net Income (Loss) ²	128.8	35.8	92.6	284.4
Net income (loss) attributable to Embraer Shareholders	143.4	52.9	(10.7)	243.3
Earnings (loss) per share - ADS basic (US$)	0.7829	0.2905	(0.0584)	1.3272
Net Cash (Debt)	(114.3)	(19.6)	(326.6)	(326.6)
(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 3Q14 Results on Thursday, November 6, 2014 at 8:30am (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: 16939547

SOURCE Embraer S.A.

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