Embraer S.A. Announces its 1st Quarter Results

SAO JOSE DOS CAMPOS, Brazil, April 29, 2013 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) RELEASES 1th QUARTER RESULTS

HIGHLIGHTS:

• In the first quarter of 2013 (1Q13), Embraer delivered 17 commercial and 12 executive (8 light and 4 large) jets; representing a reduction of 4 commercial and 1 executive jets delivered in the same period of 2012;
• Firm order backlog grew to US$ 13.3 billion, mainly as a result of an improvement in the order environment in Commercial aviation, as well as continued orders in the Defense & Security segment;
• As a result of aircraft deliveries, coupled with revenues from the Company's growing Defense & Security business, 1Q13 Revenues reached US$ 1,085.9 million and gross margin was 22.2% for the period;
• EBIT and EBITDA margins were 3.6% and 9.2% respectively, in 1Q13;
• Net income attributable to Embraer and Earnings per ADS totaled US$ 30 million and US$ 0.1651, respectively, in 1Q13;
• Net cash position totaled US$ 98.2 million.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data
IFRS	(1)	(1)	(1)
	4Q12	1Q12	1Q13
Revenue	1,897.6	1,152.1	1,085.9
EBIT	227.8	85.6	39.6
EBIT Margin %	12.0%	7.4%	3.6%
EBITDA	309.7	148.0	100.4
EBITDA Margin %	16.3%	12.8%	9.2%
Net income attributable to Embraer Shareholders	123.2	104.6	30.0
Earnings per share - ADS basic (US$)	0.6797	0.5779	0.1651
Net Cash	308.7	300.9	98.2
(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, Claudio Massuda, Juliana Villarinho, 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 1Q13 Results on Tuesday, April 30, 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: [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: 32147150

SOURCE Embraer S.A.

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