+55 12 3927 4404 investor.relations@embraer.com.br www.embraer.com.br JANUARY 2016 MARCH 2016

CORPORATE AND BUSINESS STRATEGY ORGANIC GROWTH MARGINS ENHANCEMENT THROUGH THE P3E BUSINESS AND REVENUES DIVERSIFICATION PRODUCT STRATEGY DIVERSIFICATION AND EXPANSION OF CUSTOMER BASE EXCELLENCE IN CUSTOMER EXPERIENCE (ECE) MARKET SHARE GROWTH MARGINS IMPROVEMENT PRODUCT STRATEGY AND CUSTOMER SUPPORT FOCUS ORGANIC GROWTH AND ACQUISITIONS ESTABLISH EMBRAER AS THE DEFENSE HOUSE OF BRAZIL 2

FIRM ORDER BACKLOG US$ BILLION EXECUTIVE JETS 15.4 12.4 18.2 20.9 22.5 COMMERCIAL AVIATION DEFENSE & SECURITY 2011 2012 2013 2014 2015 3

AIRCRAFT DELIVERIES 119 116 120 99 99 105 106 90 92 101 83 77 90 92 82 16 22 29 24 38 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 LIGHT JETS - PHENOM LARGE JETS - LEGACY & LINEAGE 2015 OUTLOOK: 95-100 E-JETS 35-40 EXECUTIVE LARGE JETS 80-90 EXECUTIVE LIGHT JETS 4

NET REVENUES US$ MILLION 5,791 6,167 6,235 6,289 5,928 2011 2012 2013 2014 2015 2015 OUTLOOK: US$ 5.8 6.3 BILLION 5

NET REVENUES BREAKDOWN Net Revenues US$ Billion 27% SEGMENT 6.24 6.29 5.93 1% 1% 1% 19% 23% 26% 13% 30% 5% 6% 2% 4% 9% 4% 4% 4% 2% 6% 3% 12% 8% 21% 11% 21% REGION Net Revenues US$ Billion 6.24 6.29 5.93 14% 53% 50% 56% 22% 48% 65% 29% 2013 2014 2015 2013 2014 2015 NORTH AMERICA BRAZIL CHINA ASIA PACIFIC OTHERS EUROPE SOUTH & CENTRAL AMERICA AFRICA & MIDDLE EAST 6

CORPORATE GOVERNANCE STRUCTURE S H A R E H O L D E R S BOARD OF DIRECTORS FISCAL BOARD BOARD OF EXECUTIVE OFFICERS ETHICS COMMITTEE FINANCIAL MANAGEMENT COMMITTEE SUSTAINABILITY COMMITTEE ENVIRONMENTAL RISK COMMITTEE STRATEGY COMMITTEE HUMAN RESOURCES COMMITTEE AUDIT AND RISKS COMMITTEE INTERNAL AUDIT COMPLIANCE 7

EMBRAER CREDIT RATINGS BBB INVESTMENT GRADE SINCE JAN. 2006 Ba1 8

INDEXES & INITIATIVES 9

OVER 90 AIRLINES IN MORE THAN 60 COUNTRIES 11

PRODUCT PORTFOLIO 37 seats 1,750nm (3,250Km) 70-80 seats 2,100nm (3,900Km) 44 seats 1,650nm (3,050Km) 78-88 seats 2,000nm (3,700Km) 80-90 seats 1,920nm (3,560Km) 50 seats 1,550nm (2,900Km) 98-114 seats 2,400nm (4,500Km) 97-114 seats 2,800nm (5,200Km) 50 seats 2,000nm (3,700Km) 108-122 seats 2,200nm (4,100Km) 120-136 seats 2,450nm (4,540Km) 12

E-JETS GLOBAL MARKET SUCCESS 1,704 ORDERS 1,191 DELIVERIES 513 AIRCRAFT IN BACKLOG 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: Embraer (Dec./2015) 13

E-JETS ORDER BOOK 4Q15 TOTAL 14 FIRM ORDERS DELIVERIES FIRM BACKLOG 193 190 3 500 331 169 578 523 55 166 147 19 100-100 77-77 90-90 1,704 1,191 513

E-JETS SHARE AND REGION BREAKDOWN DELIVERIES SHARE 70-130 SEATS JETS DELIVERIES BY REGION ASIA PACIFIC CHINA LATIN AMERICA MIDDLE EAST AFRICA NORTH AMERICA EUROPE CIS NORTH AMERICA SHARE 76 SEAT JETS - ORDERS SINCE 2013 BACKLOG BY REGION ASIA PACIFIC CHINA OTHERS LATIN AMERICA EUROPE CIS NORTH AMERICA 15

COMPETITIVE SCENARIO CAPACITY (SINGLE CLASS) 180+ 160 A320neo 737-8MAX 140 CS300 A319neo 737-7 MAX 120 E195-E2 CS100 E195 100 CRJ1000 SSJ95/100 E190 E190-E2 80 CRJ900 CRJ700 MRJ90 ARJ21 E175 E170 E175-E2 16

EMBRAER MARKET FORECAST (2015 2034) REPLACEMENT OF OLD/INEFFICIENT JETS (APROX. 3,250 UNITS) RIGHT-SIZING OF NARROW-BODY OPERATIONS (APROX. 750 UNITS) REGIONAL AVIATION, NEW US OPPORTUNITIES AND LCCs (APROX. 1,100 UNITS) NORTH AMERICA 2,060 JETS (32%) EUROPE 1,160 JETS (18%) CIS 380 JETS (6%) MIDDLE EAST AFRICA 240 JETS (4%) 220 JETS (4%) CHINA 1,020 JETS (16%) ASIA PACIFIC 550 JETS (9%) LATIN AMERICA 720 JETS (11%) WORLDWIDE 6,350 JETS (70-130 SEATS) US$ 300 BILLION 17

E-JETS EVOLUTION 130 +14 SEATS 120 20% 120-136 seats 2,450nm 110 SAME 100 90 +4 SEATS 20% 97-114 seats 2,800nm 80 80-90 seats 1,920nm 70 19

FUEL BURN IMPROVEMENTS FUEL BURN PER SEAT E175-E2 (80 SEATS) vs E175 (76 SEATS) E190-E2 (97 SEATS) vs E190 (97 SEATS) E195-E2 (120 SEATS) vs E195 (106 SEATS) 0% -5% -10% -15% -16% -16% -20% -25% -24% Target values for 600 nm sector; Dual Class configuration 20

MAINTENANCE COST IMPROVEMENTS DMC PER SEAT E175-E2 (80 SEATS) vs E175 (76 SEATS) E190-E2 (97 SEATS) vs E190 (97 SEATS) E195-E2 (120 SEATS) vs E195 (106 SEATS) 0% -5% -10% -15% -20% -15% -20% -25% -25% E175 CF34-8E5 baseline per 2011 conditions *2,600FH/Yr & 1.5FH/FC; 10 years DMC E190 CF34-10E6 baseline per 2011 conditions *2,600FH/Yr & 1.5FH/FC; 10 years DMC 21

E2 NEW FEATURES NEW WING More efficient, high aspect ratio metallic wing. Raked wing tip. IMPROVED AVIONICS 4 larger 13 x10 displays and touchscreen controls MAIN LANDING GEAR Enabling larger engines. Gear doors for improved fuel efficiency NEW ENGINES Larger fan diameter and improved fuel efficiency OPTIMIZED WING/ENGINE DIFFERENT WING AND ENGINE COMBINATIONS FOR E175-E2 AND E190/195-E2 22

E2 ENTRY INTO SERVICE E190-E2 EIS 1H2018 E195-E2 EIS 2019 E175-E2 EIS 2020 23

COMMITMENTS E-JETS E2 AERCAP 50+50 x E190-E2 E195-E2 AIRCASTLE 25 +25 x E190-E2 E195-E2 AIR COSTA 50+50 x E190-E2 E195-E2 AZUL 30+20 x E195-E2 HAINAN/TIANJIN AIRLINES 2+18 x E190-E2 ICBC LEASING 10+10 x E190-E2 SKYWEST, INC. 100+100 x E175-E2 TRANS STATES HOLDINGS 50+50 x E175-E2 640 COMMITMENTS (267 FIRM) 24

NEARLY 1,000 JETS DELIVERED IN MORE THAN 60 COUNTRIES 26

PRODUCT PORTFOLIO ENTRY LIGHT MIDLIGHT MIDSIZE Certified 2008 Certified 2009 Certified 2015 Certified 2014 Up to 8 occupants 1,178 nm Up to 11 occupants 1,971 nm 7 to 9 passengers 2,900 nm 8 to 12 passengers 3,125 nm Cessna - Mustang/M2 Bombardier - Learjet 75 HondaJet Cessna - XLS+/Latitude Cessna - CJ3+/CJ4 Bombardier - Learjet 75 Pilatus - PC-24 Cessna - Sovereign+ Bombardier - CL350 Gulfstream - G150 Gulfstream - G280 SUPER-MIDSIZE LARGE ULTRA-LARGE Certified 2001 Certified 2010 Certified 2008 13 to 14 passengers 3,400 nm 13 to 14 passengers 3,900 nm 13 to 19 passengers 4,600 nm Cessna - X+/Longitude Cessna - Hemisphere Airbus - ACJ 318/319/320 Dassault - Falcon 2000S Bombardier - CL650/GL5000 Boeing - BBJ/BBJ2/BBJ3 Dassault - Falcon 2000LXS/900LX/5X Gulfstream - G450/G500 27

MARKET SHARE REVENUES SHARE (US$ BI B&CA LIST PRICES) DELIVERIES SHARE (UNITS) 18.1 17.7 21.2 21.8 21.9 703 663 677 715 706 MARKET REVENUES 2015: US$ 22 BILLION EMBRAER REVENUES: US$ 1.7 BILLION MARKET DELIVERIES 2015: 706 UNITS EMBRAER DELIVERIES: 120 UNITS OTHERS 28

EXECUTIVE JETS DELIVERIES EVOLUTION 976 122 145 99 99 119 116 120 9 13 13 20 27 36 38 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 EMBRAER EXECUTIVE JETS DELIVERIES ACCUMULATED FLEET 29

UNITS % OF ACTIVE FLEET BUSINESS JETS PRE-OWNED MARKET INVENTORY 3500 3000 11.1% 2,280 jets 8.1% 703 jets 28% 24% 2500 20% 2000 16% 1500 12% 1000 8% 500 4% 0 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 0% Source: Jetnet and Embraer analysis, December 2015 30

FRACTIONAL SEGMENT MARKET SHARE 120 100 80 Market share 2015 34% 60 40 OTHERS 20 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: Jetnet database, February 2016 31

IMPROVED SALES PERFORMANCE NET BOOK-TO-BILL (US$) 49% 13% 13% 25% 0,6 1,1 68% 8% 18% 5% 2014 2015 DELIVERIES: 116 JETS DELIVERIES: 120 JETS NORTH AMERICA ASIA-PACIFIC CHINA EUROPE AFRICA LATIN AMERICA 32

Deliveries (# of jets) 2016-2025 MARKET FORECAST PER JET CLASS 1.200 DELIVERIES FORECAST (N10Y) 1.000 800 600 400 200 0 2008 2010 2012 2014 2016 2018 2020 2022 2024 Note: Sum of jet class numbers might differ from total numbers due to rounding. ULTRA LARGE U-LONG RANGE LARGE SUPERMID MIDSIZE MIDLIGHT LIGHT ENTRY Units US$ 140 9 1,560 99 1,700 1,450 67 1,250 580 37 1,420 22 7 1,000 13 5 9,100 JETS AND US$ 259 BILLION IN THE NEXT 10 YEARS 33

2016-2025 MARKET FORECAST BY REGION NORTH AMERICA 4,850 JETS (54%) US$ 130 BI (50%) EUROPE & AFRICA 2,100 JETS (23%) US$ 64 BI (25%) LATIN AMERICA 650 JETS (7%) US$ 11 BI (4%) ASIA PACIFIC, CHINA & MIDDLE EAST 1,500 JETS (16%) US$ 54 BI (21%) ASIA PACIFIC, CHINA, MIDDLE EAST 550 Note: sum of regional numbers might differ from total numbers due to rounding Source: Embraer Analysis WORLDWIDE 9,100 JETS US$ 259 BILLION 34

EXPANDING OPERATIONS IN FLORIDA 7 4 6 2 3 5 1 CURRENT FACILITIES 1 PHENOM FINAL ASSEMBLY 2 PHENOM PAINTING 3 ENGINEERING CENTER 4 CUSTOMER CENTER EXPANSION 2015 TO 2017 5 LEGACY 450/500 FINAL ASSEMBLY 35 6 LEGACY 450/500 PAINTING 7 LEGACY 450/500 DELIVERY CENTER

PRODUCTS AND SOLUTIONS IN MORE THAN 60 COUNTRIES 37

INTEGRATED PORTFOLIO ISR SOLUTIONS LIGHT ATTACK AND ADVANCED TRAINING MODERNIZATION PROGRAMS TACTICAL MILITARY TRANSPORT TRANSPORT AIRCRAFT PARTNERSHIPS C4I C2 & C4I SYSTEMS AIRBORNE SYSTEMS SIMULATION CONTROL SYSTEMS AIR TRAFFIC SYSTEM RADAR REMOTE SENSING AERIAL SURVEILLANCE RADAR SATELLITE SATELLITE GEOSTATIONARY OF DEFENSE AND COMMUNICATIONS (SGDC) LAND SYSTEMS LAND DEFENSE SYSTEMS INTEGRATION SISFRON IMPLEMENTATION SERVICES MRO AEROSTRUCTURES 100% 100% 51% 100% 65% 38

EMBRAER DEFENSE & SECURITY RESULTS REVENUES EVOLUTION (US$ MILLION) BACKLOG EVOLUTION (US$ BILLION) 23% 13% 15% 17% 19% 14% 6% 227 7% 8% 9% 346 505 499 670 852 1,056 1,197 1,456 811 1.1 1.0 1.5 3.2 3.3 3.3 3.4 3.6 5.5 4.7 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 REVENUES PARTICIPATION (%) 39

EMBRAER KC-390 BRAZIL: 28 COLOMBIA: 12 ARGENTINA: 6 CHILE: 6 PORTUGAL: 6 CZECH REP.: 2 TOTAL MARKET FORECAST 2025: 700 AIRCRAFT / US$ 50+ BI NEW TACTICAL MILITARY TRANSPORT AND TANKER AIRCRAFT PARTNERSHIP WITH BOEING TO SHARE TECHNICAL KNOWLEDGE AND SELL THE KC-390 BRAZILIAN GOVERNMENT AND EMBRAER SIGNED CONTRACT FOR 28 KC-390 OTHER FIVE LOIs (32 AIRCRAFT) CERTIFICATION EXPECTED BY 2H2017 FIRST DELIVERY TO BRAZILIAN AIR FORCE IN 1H2018 SECOND PROTOTYPE ASSEMBLED AND JOINING THE FLIGHT TEST CAMPAIGN NEARLY 90% OF PROGRAM DEVELOPMENT COMPLETED 40

SUPER TUCANO BRAZIL: 99 COLOMBIA: 25 DOMINICAN REPUBLIC: 8 CHILE: 12 ECUADOR: 18 INDONESIA: 16 MAURITANIA: 2 BURKINA FASO: 3 ANGOLA: 6 USA: 21 MALI: 6 GHANA: 5 LEBANON: 6 UNDISCLOSED: 2 FIRM ORDERS: NEARLY 230 AIRCRAFT OVER 190 AIRCRAFT DELIVERED TOTAL MARKET FORECAST: 300 AIRCRAFT / US$ 3.5 BILLION 41

BRAZILIAN ARMY PRIORITIES SISFRON INTEGRATED BORDERS MONITORING SYSTEM FIRST PHASE: US$ 420 MILLION TOTAL ESTIMATE: US$ 4 BILLION COMPRISING RADARS, COMMUNICATION NETWORKS, C4I, UNMANNED AIR VEHICLES (UAV) AND ARMORED VEHICLES SATELLITE BRAZILIAN GEOSTATIONARY DEFENSE AND COMMUNICATION SATELLITE PROGRAM (SGDC) TOTAL ESTIMATE: US$ 400 MILLION PARTICIPATION IN THE FIRST BRAZILIAN GEOSTATIONARY SATELLITE 42

NEW BRAZILIAN FIGHTER (F-39 GRIPEN) BRAZILIAN GOVERNMENT CONTRACTED SAAB TO SUPPLY 36 GRIPEN NG FIGHTER JET CONTRACT BETWEEN EMBRAER AND SAAB FINALIZED (EFFECTIVE AND RUNNING) FIRST GROUP OF 46 BRAZILIAN ENGINEERS IN SWEDEN SINCE OCTOBER 2015 GRIPEN DESIGN AND DEVELOPMENT CENTER UNDER CONSTRUCTION IN GPX SITE 43

CONCENTRATING DEFENSE ACTIVITIES GAVIÃO PEIXOTO (GPX) SITE 1 2 3 5 4 EXPANSION 5 GRIPEN CURRENT FACILITIES 1 STRUCTURAL ASSEMBLY WINGS ST & KC-390 FUSELAGE KC-390 NEW GRIPEN DESIGN AND DEVELOPMENT CENTER 2 MODERNIZATION A4, AMX & F-5 3 FINAL ASSEMBLY ST 4 FINAL ASSEMBLY KC-390 44

FINANCIAL RESULTS

NET REVENUES SG&A EXPENSES US$ MILLION NET REVENUES SG&A EXPENSES 2015: 5,928 168 2015: 544 2,046 2,074 55 129 43 147 47 121 43 147 50 1,056 1,513 1,285 113 86 100 78 97 4Q14 1Q15 2Q15 3Q15 4Q15 4Q14 1Q15 2Q15 3Q15 4Q15 G&A EXPENSES SELLING EXPENSES 2015 OUTLOOK: US$ 5.8 6.3 BILLION 46

NET REVENUES BY SEGMENT OUTLOOK: US$ 5.80 6.30 BILLION OUTLOOK: US$ 3.20 3.40 BILLION 2015: 5.93 BILLION 2015: 3.35 BILLION 2,045 1,056 1,513 1,285 2,074 975 662 883 688 1,115 4Q14 1Q15 2Q15 3Q15 4Q15 4Q14 1Q15 2Q15 3Q15 4Q15 OUTLOOK: US$ 1.70 1.85 BILLION OUTLOOK: US$ 0.80 0.95 BILLION 2015: 1.72 BILLION 2015: 0.81 BILLION 690 167 404 402 746 359 213 216 182 200 4Q14 1Q15 2Q15 3Q15 4Q15 4Q14 1Q15 2Q15 3Q15 4Q15 47

INCOME FROM OPERATIONS (EBIT) EBITDA US$ MILLION EBIT EBITDA 2015: 332 5.6% 2015: 648 10.9% 9.6% 7.5% 6.8% 6.6% 8.0% 3.1% 13.8% 14.1% 11.7% 12.3% 12.8% 264 196 166 281 7.9% 80 102 84 65 149 178 158 164 4Q14 1Q15 2Q15 3Q15 4Q15 4Q14 1Q15 2Q15 3Q15 4Q15 EBIT EBIT MARGIN EBITDA EBITDA MARGIN EXCLUDING REPUBLIC EFFECT EXCLUDING REPUBLIC EFFECT 2015 OUTLOOK: US$ 490 560 MILLION 8.5% 9.0% 2015 OUTLOOK: US$ 730 860 MILLION 12.6% 13.6% 48

NET INCOME FREE CASH FLOW US$ MILLION NET INCOME FREE CASH FLOW 4.5% 8.5% 2015: 69 1.2% 2015: 178 8.6% 5.4% 660 178 91-5.8% 129 111-8.5% (62) (110) 4Q14 1Q15 2Q15 3Q15 4Q15 NET INCOME NET MARGIN EXCLUDING REPUBLIC EFFECT 288 73 178 (115) (440) (367) (440) (482) 4Q14 1Q15 2Q15 3Q15 4Q15 FREE CASH FLOW ACCUMULATED 2015 2015 OUTLOOK: FCF > (US$ 100) MILLION 49

INVENTORIES INVESTMENTS US$ MILLION INVENTORIES INVESTMENTS 2015: 518 2,405 2,696 2,640 2,763 2,315 288 300 300 188 42 50 4Q14 1Q15 2Q15 3Q15 4Q15 RESEARCH DEVELOPMENT CAPEX 2015 YTD 2015 OUTLOOK 2015 OUTLOOK: US$ 650 MILLION 50

INDEBTEDNESS PROFILE NET CASH INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION 4% 11% 10% 9% 6% 7 5.4 96% 6.5 6.5 6.2 5.3 89% 90% 91% 94% (39) (535) (465) (644) 4Q14 1Q15 2Q15 3Q15 4Q15 4Q14 1Q15 2Q15 3Q15 4Q15 LONG-TERM SHORT-TERM LOANS AVERAGE MATURITY (YEARS) TOTAL DEBT 4Q15: US$ 3.530 BILLION TOTAL CASH 4Q15: US$ 3.538 BILLION 51

INDEBTEDNESS PRINCIPAL MATURITIES US$ MILLION CASH LOCAL CASH ABROAD 3,538 2,524 1,014 CASH 4Q15 197 424 245 101 228 102 USD DEBT 2,701 77% PRINCIPAL MATURITIES: US$ 3.530 BILLION 549 540 BRL DEBT 807 23% EUR DEBT 22 1% 43 1,034 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026-2037 45 52

EPADS AND PAY OUT US$ 116% 26% 26% 27% 49% 1.92 1.88 1.82 1.49 0.62 0.38 2011 2012 2013 2014 2015 EPADS PAY OUT ADJUSTED EPADS 53

OWNERSHIP STRUCTURE 4Q15 736,951,302 VOTING SHARES 17% LOCAL SHAREHOLDERS BM&F BOVESPA 42% NYSE 58% INTERNATIONAL SHAREHOLDERS 83% 54

2016 OUTLOOK

2016 CONSOLIDATED OUTLOOK NET REVENUES US$ 6.00 6.40 BILLION DELIVERIES 105 TO 110 E-JETS 57% OF NET REVENUES US$ 3.45 3.65 BILLION DELIVERIES 75 TO 85 LIGHT JETS 40 TO 50 LARGE JETS 30% OF NET REVENUES US$ 1.75 1.90 BILLION 12% OF NET REVENUES US$ 0.70 0.75 BILLION OTHER REVENUES 1% OF NET REVENUES US$ 100 MILLION 56

2016 CONSOLIDATED OUTLOOK EBIT US$ 480 545 MILLION EBIT MARGIN 8.0% 8.5% EBITDA US$ 800 870 MILLION EBITDA MARGIN 13.3% 13.7% FCF > (US$ 100) MILLION FCF USE OF LESS THAN US$ 100 MILLION RESEARCH US$ 50 MILLION DEVELOPMENT US$ 325 MILLION CAPEX INVESTMENTS US$ 275 MILLION US$ 650 MILLION 57

+55 12 3927 4404 investor.relations@embraer.com.br www.embraer.com

FORWARD LOOKING STATEMENT This presentation may contain forward-looking statements, projections and estimates regarding circumstances or events yet to take place, including, but not limited to, those statements relating to guidance. These forwardlooking statements are based largely on current expectations, forecasts of future events and industry and financial trends that affect Embraer s businesses. These statements are subject to risks, uncertainties and assumptions that include, among others: general economic, political and trade conditions, both in Brazil and in those markets where Embraer does business; management s expectations and estimates concerning the company s future financial performance; plans and objectives of our management; financing plans and programs, and the effects of competition; industry trends and growth opportunities; inflation and fluctuations in exchange rates; the company s investment plans; Embraer s operating efficiencies and synergies and its capacity to develop and deliver products on the dates previously agreed upon; results of operation; business strategies; benefits of new technologies and existing and future governmental regulations. To obtain further information on factors that may lead to results different from those forecast by Embraer, please consult the reports Embraer files with the U.S. Securities and Exchange Commission (SEC) and the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under Forward-Looking Statements and Risk Factors in Embraer s annual report on Form 20 F. The words believe, may, will, estimate, intend, continue, anticipate, expect and other similar terms are intended to identify forward-looking statements. Embraer does not undertake any obligation to publish updates or to revise any forward-looking statements due to new information, future events or any other factors. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not occur. The actual results and performance of Embraer could therefore differ substantially from those anticipated in Embraer's forward-looking statements. 59