ESTA APRESENTAÇÃO PODE CONTER PROJEÇÕES FUTURAS, DECLARAÇÕES E ESTIMATIVAS A RESPEITO DE CIRCUNSTÂNCIAS OU EVENTOS

AINDA NÃO OCORRIDOS, INCLUINDO, PORÉM NÃO LIMITADO ÀS DECLARAÇÕES DE GUIDANCE. ESTAS PROJEÇÕES FUTURAS E ESTIMATIVAS
TÊM EMBASAMENTO, EM GRANDE PARTE, NAS ATUAIS EXPECTATIVAS, PROJEÇÕES SOBRE EVENTOS FUTUROS E TENDÊNCIAS FINANCEIRAS E
INDUSTRIAIS QUE AFETAM OS NEGÓCIOS DA EMBRAER. ESSAS ESTIMATIVAS ESTÃO SUJEITAS A RISCOS, INCERTEZAS E SUPOSIÇÕES QUE
INCLUEM, DENTRE OUTRAS: CONDIÇÕES GERAIS ECONÔMICAS, POLÍTICAS E COMERCIAIS, TANTO NO BRASIL QUANTO NOS MERCADOS ONDE A
EMBRAER ATUA; EXPECTATIVAS E ESTIMATIVAS DA DIREÇÃO RELACIONADAS AO DESEMPENHO FINANCEIRO FUTURO; PLANOS E OBJETIVOS DA
DIREÇÃO; PLANOS E PROGRAMAS DE FINANCIAMENTO E EFEITOS DA COMPETIÇÃO; TENDÊNCIAS PARA O SETOR E OPORTUNIDADES DE
CRESCIMENTO; INFLAÇÃO E VOLATILIDADE DO CÂMBIO; OS PLANOS DE INVESTIMENTO DA EMPRESA; EFICIÊNCIA OPERACIONAL E SINERGIAS
DA EMBRAER E SUA CAPACIDADE DE DESENVOLVER E ENTREGAR PRODUTOS NAS DATAS PREVIAMENTE ACORDADAS; RESULTADOS DE
OPERAÇÕES; ESTRATÉGIAS DE NEGÓCIO; BENEFÍCIOS DE NOVAS TECNOLOGIAS E REGULAMENTAÇÕES GOVERNAMENTAIS EXISTENTES E
FUTURAS. PARA OBTER INFORMAÇÕES ADICIONAIS SOBRE FATORES QUE POSSAM INFLUENCIAR OS RESULTADOS DIFERENTEMENTE DAQUELES
PREVISTOS PELA EMBRAER, FAVOR CONSULTAR OS RELATÓRIOS ARQUIVADOS PELA EMBRAER NA U.S. SECURITIES AND EXCHANGE
COMMISSION (SEC) E NA COMISSÃO DE VALORES MOBILIÁRIOS (CVM) EM PARTICULAR OS FATORES DISCUTIDOS NOS CAPÍTULOS FORWARD
LOOKING STATEMENTS E RISK FACTORS NO RELATÓRIO ANUAL – FORM 20F DA EMBRAER. PALAVRAS COMO “ACREDITA”, “PODE”, “PODERÁ”,
“ESTIMA”, “CONTINUA”, “ANTECIPA”, “PRETENDE”, “ESPERA” E TERMOS SIMILARES TÊM POR OBJETIVO IDENTIFICAR EXPECTATIVAS. A
EMBRAER NÃO SE SENTE OBRIGADA A PUBLICAR ATUALIZAÇÕES NEM A REVISAR QUAISQUER ESTIMATIVAS EM DECORRÊNCIA DE NOVAS
INFORMAÇÕES, EVENTOS FUTUROS OU QUAISQUER OUTROS ACONTECIMENTOS. EM VISTA DOS RISCOS E INCERTEZAS INERENTES, TAIS
ESTIMATIVAS, EVENTOS E PREVISÕES SOBRE O FUTURO PODEM NÃO OCORRER. OS RESULTADOS REAIS E A PERFORMANCE DA EMBRAER
PODEM DIFERIR SUBSTANCIALMENTE DAQUELES PUBLICADOS ANTERIORMENTE COMO EXPECTATIVAS DA EMBRAER.
 ESTRATÉGIA DE CURTO PRAZO

PLANO DE SAÚDE & SEGURANÇA

CRESCIMENTO DOS EMPREGADOS
II

This information is property of Embraer and cannot be used or reproduced without written permission.
ORGANIZAÇÃO PRESERVAÇÃO
LEAN DE CAIXA
I
RECAPTURAR SINERGIAS

3 INVESTOR RELATIONS
 I ORGANIZAÇÃO LEAN + RECAPTURAR SINERGIAS

AJUSTE DA ESTRUTURA EM RESPOSTA AOS IMPACTOS DA COVID-19 E DO

CANCELAMENTO DA PARCERIA COM A BOEING

This information is property of Embraer and cannot be used or reproduced without written permission.
REINTEGRAÇÃO DO NEGÓCIO DE AVIAÇÃO COMERCIAL

AJUSTE DE 15% NA FORÇA DE TRABALHO GLOBAL (3.000 PESSOAS),

INCLUINDO 1.600 PESSOAS POR MEIO DO PLANO DE DEMISSÃO VOLUNTÁRIA

4 INVESTOR RELATIONS
 II PLANO DE CRESCIMENTO: EMBRAER 21-25
2020 2021 2022-2025
RESPOSTA À CRISE RECUPERAÇÃO CRESCIMENTO
SUSTENTAR LIQUIDEZ E REESTRUTURAÇÃO DEFENDER E CRESCER O MARKET SHARE CAPTURAR TODO POTENCIAL DA EMBRAER

This information is property of Embraer and cannot be used or reproduced without written permission.
PRINCIPAIS OBJETIVOS: AUMENTAR RECEITAS E RENTABILIDADE

18 INICIATIVAS PRIORITÁRIAS DIVIDIDAS EM 3 FRENTES DE ATUAÇÃO:

FOCO EM PROJETOS DE GANHO DE EFICIÊNCIA: COMPRAS; LOGÍSTICA; PRODUÇÃO
INTENSIFICAR ESFORÇOS DE VENDAS DO NOSSO PORTFÓLIO (NOVO E COMPETITIVO)
DIVERSIFICAÇÃO, INOVAÇÃO E PARCERIAS
5 INVESTOR RELATIONS
RESULTADOS 3º TRIMESTRE 2020
 AVIAÇÃO COMERCIAL
ENTREGA DE SETE E-JETS NO 3T20 (16 NO ANO) RECUPERAÇÃO DO TRÁFEGO AÉREO
AMERICANO LIDERADO PELA EMBRAER
E175 CRJ900 NB
INCLUINDO CINCO E175 PARA UNITED AIRLINES 98% 96%
90% 93%
DESTACANDO NOSSA LIDERANÇA NOS EUA 81%
94% 90% 73%
70% 87%
84% 75%
61% 70%
55% 54%
ALLIANCE AIRLINES DA AUSTRÁLIA INICIOU 61%

This information is property of Embraer and cannot be used or reproduced without written permission.
OPERAÇÃO COM 14 E190 43% 43% 47%

11/Mar/2020 29/Apr/2020 15/Jun/2020 30/Sep/2020

DOIS E195 INICIARAM OPERAÇÕES NO
E175: O MAIS UTILIZADO E COM MELHOR PERFIL
VIETNÃ COM A BAMBOO AIRWAYS
DE RECUPERAÇÃO
Fonte: : Cirium Fleet Analyzer

E-JETS LIDERANDO A RECUPERAÇÃO

DOS VOOS DOMÉSTICOS NO MUNDO
7 INVESTOR RELATIONS
 AVIAÇÃO EXECUTIVA
FORTE AUMENTO DAS ENTREGAS NO 3T20 COM ATIVIDADE AÉREA MUNDIAL JUL-SET
21 JATOS EXECUTIVOS (COMPARAÇÃO ANUAL)

FRETADOS COMPARTILHADOS
-2%
RETORNO DE RENTABILIDADE COM MARGENS JATO -5% -13%
POSITIVAS NO TRIMESTRE E NO ANO PEQUENO
JATO
-18%
MÉDIO -17% JATO -33%
PEQUENO JATO
LANÇAMENTO DO PHENOM 300MED, UMA
MÉDIO
SOLUÇÃO ÚNICA PARA MEDEVAC, TAMBÉM

DISPONÍVEL PARA RETROFIT
PRAETORS: FILTROS HEPA STANDARD E
CERTIFICAÇÃO DA PORTA ELÉTRICA NO
This information is property of Embraer and cannot be used or reproduced without written permission.
JATO
JATO
GRANDE
GRANDE
MAIOR RETOMADA DOS JATOS DE PEQUENO/MÉDIO PORTE
Fonte: Jetnet IQ Pulse report, Sep 2020.
*Nota: Data based on JetnetIQ survey pool with 500+ operators, worldwide.

LAVABO E DO SISTEMA DE ORIENTAÇÃO POR

VISÃO SINTÉTICA

AVIAÇÃO EXECUTIVA MOSTRANDO

RESILIÊNCIA PRINCIPALMENTE ENTRE
OS JATOS DE PEQUENO E MÉDIO PORTE
8 INVESTOR RELATIONS
 DEFESA & SEGURANÇA
SEIS C-390 MILLENNIUM EM PROCESSO DE MONTAGEM
(BRASIL E PORTUGAL) COM MAIS UMA ENTREGA AINDA
EM 202O

C-390 MILLENNIUM RECEBEU O GRAND LAUREATE

DE DEFESA CONCEDIDO PELA AVIATION WEEK

This information is property of Embraer and cannot be used or reproduced without written permission.
ENTREGA DE DEZ A-29 SUPER TUCANO PARA
O CHILE, AS FILIPINAS E A NIGÉRIA

PRIMEIRO GRIPEN E CHEGOU AO BRASIL

PARA INICIAR A CAMPANHA DE ENSAIO
EM VOO
9 INVESTOR RELATIONS
 SERVIÇOS & SUPORTE
EMBRAER CLASSIFICADA EM 1º LUGAR NA PESQUISA
DE SUPORTE A PRODUTOS DE AERONAVES
EXECUTIVAS DA PUBLICAÇÃO PRO PILOT

FINALIZADA A 7ª CONVERSÃO DE UM LEGACY 450

EM UM PRAETOR 500

This information is property of Embraer and cannot be used or reproduced without written permission.
PRIMEIRO E-JET MODIFICADO E CERTIFICADO
PARA TRANSPORTE DE CARGA NA CABINE

EXCELENTE CONFIABILIDADE DO C-390

MILLENNIUM EM MISSÕES HUMANITÁRIAS
NO BRASIL E NO EXTERIOR
10 INVESTOR RELATIONS
RESULTADOS FINANCEIROS
 CARTEIRA DE PEDIDOS FIRMES
BACKLOG
US$ Bilhões

This information is property of Embraer and cannot be used or reproduced without written permission.
16,0 16,9 16,2 16,8 15,9 15,4 15,1
CARTEIRA DE PEDIDOS
ROBUSTA
SEM CANCELAMENTOS

1T19 2T19 3T19 4T19 1T20 2T20 3T20

12 INVESTOR RELATIONS
 RECEITA LÍQUIDA ENTREGA JATOS
R$ Milhões
9M20: R$ 9.830

This information is property of Embraer and cannot be used or reproduced without written permission.
8.586

5.403
4.693
4.091
3.121 2.875 2.865

1T19 2T19 3T19 4T19 1T20 2T20 3T20

13 INVESTOR RELATIONS
 RESULTADO OPERACIONAL
AJUSTADO - EBIT 9M20: (931)|-9,5%

R$ Milhões
-1.7% 1.9% -1.7% 0.2% 2.2%
-5.9%
EBIT AJUSTADO -26,3%
101
MARGEM EBIT AJUSTADA 17 63
EBIT REPORTADO - INCLUI (54)
ITENS ESPECIAIS (R$ MILHÕES)
(80)

This information is property of Embraer and cannot be used or reproduced without written permission.
4T19: (294) (240)
1T20: (272)
2T20: (1.069)
3T20: (292) – DESPESAS COM REESTRUTURAÇÃO
(69) - PROVISÃO PERDAS DE CRÉDITO (COVID-19)
403 - REVERSÃO DE IMPAIRMENT

(754)

1T19 2T19 3T19 4T19 1T20 2T20 3T20

-3,2% -7,3% -63,6% -4,8%
(277) (209) (1.822) (198)

14 INVESTOR RELATIONS
 RESULTADO LÍQUIDO
AJUSTADO * 9M20: (2.302)|-23,4%

R$ Milhões
(230) (58) (192)
LUCRO LÍQUIDO AJUSTADO (384) (434)
MARGEM LÍQUIDA AJUSTADA
(798)
INCLUI PROVISÕES
-1,1% (1.071)
-4,1%

This information is property of Embraer and cannot be used or reproduced without written permission.
*EXCLUI ITENS EXTRAORDINÁRIOS -4,5%
-7,4%
-15,1%
-19,5%

-37,4%
1T19 2T19 3T19 4T19 1T20 2T20 3T20
-5,2% 0,5% -6,7% -10,1% -44,4% -58,7% -15,9%
(161) 26 (314) (868) (1.277) (1.683) (649)

15 INVESTOR RELATIONS
 CAIXA E
ENDIVIDAMENTO

US$ 2,18 BILHÕES US$ 2,37 BILHÕES

CAIXA DÍVIDA LÍQUIDA

This information is property of Embraer and cannot be used or reproduced without written permission.
US$ 4,55 BILHÕES 4,5 ANOS

ENDIVIDAMENTO PRAZO MÉDIO

ENDIVIDAMENTO
16 INVESTOR RELATIONS
THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS OR STATEMENTS ABOUT EVENTS OR CIRCUMSTANCES
WHICH HAVE NOT OCCURRED. WE HAVE BASED THESE FORWARD-LOOKING STATEMENTS LARGELY ON OUR CURRENT
EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS AND FINANCIAL TRENDS AFFECTING OUR BUSINESS AND OUR
FUTURE FINANCIAL PERFORMANCE. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO RISKS, UNCERTAINTIES
AND ASSUMPTIONS, INCLUDING, AMONG OTHER THINGS: GENERAL ECONOMIC, POLITICAL AND BUSINESS CONDITIONS,
BOTH IN BRAZIL AND IN OUR MARKET. THE WORDS “BELIEVES,” “MAY,” “WILL,” “ESTIMATES,” “CONTINUES,”
“ANTICIPATES,” “INTENDS,” “EXPECTS” AND SIMILAR WORDS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
STATEMENTS. WE UNDERTAKE NO OBLIGATIONS TO UPDATE PUBLICLY OR REVISE ANY FORWARD-LOOKING STATEMENTS
BECAUSE OF NEW INFORMATION, FUTURE EVENTS OR OTHER FACTORS. IN LIGHT OF THESE RISKS AND UNCERTAINTIES,
THE FORWARD-LOOKING EVENTS AND CIRCUMSTANCES DISCUSSED IN THIS PRESENTATION MIGHT NOT OCCUR. OUR
ACTUAL RESULTS COULD DIFFER SUBSTANTIALLY FROM THOSE ANTICIPATED IN OUR FORWARD-LOOKING STATEMENTS.
 SHORT TERM STRATEGY

EMPLOYEE
GROWTH PLAN
HEALTH & SAFETY
II

This information is property of Embraer and cannot be used or reproduced without written permission.
LEAN CASH
ORGANIZATION PRESERVATION

I
RECAPTURE SYNERGIES

19 INVESTOR RELATIONS
 I LEAN ORGANIZATION + RECAPTURE SINERGIES

STRUCTURE ADJUSTMENT IN RESPONSE TO THE IMPACTS OF COVID-19

AND THE CANCELLATION OF THE PARTNERSHIP WITH BOEING

REINTEGRATION OF COMMERCIAL AVIATION BUSINESS

This information is property of Embraer and cannot be used or reproduced without written permission.
SUCCESSFUL VOLUNTARY DISMISSAL PLAN WITH 1,600 PARTICIPANTS

15% ADJUSTMENT IN GLOBAL WORKFORCE (3,000 EMPLOYEES)

20 INVESTOR RELATIONS
 II GROWTH PLAN: EMBRAER PLAN 21-25
2020 2021 2022-2025
CRISIS RESPONSE RECOVERY GROWTH
SUSTAIN LIQUIDITY & RESTRUCTURING DEFEND AND GROW MARKET SHARE CAPTURE EMBRAER FULL POTENTIAL

MAIN OBJECTIVES: INCREASE REVENUES AND IMPROVE PROFITABILITY

This information is property of Embraer and cannot be used or reproduced without written permission.
18 PRIORITY INITIATIVES SPLIT IN 3 WORKSTREAMS:
FOCUS ON EFFICIENCY GAINS PROJECTS: PROCUREMENT; LOGISTICS; PRODUCTION
INTENSIFY SALES EFFORTS IN OUR NEW AND COMPETITIVE PORTFOLIO
DIVERSIFICATION, INNOVATION AND PARTNERSHIP

21 INVESTOR RELATIONS
3Q20 EARNINGS RESULTS
 COMMERCIAL AVIATION
DELIVERY OF 7 E-JETS IN 3Q20 (16 YTD) US TRAFFIC REBOUND LED BY EMBRAER

E175 CRJ900 NB
INCLUDING FIVE E175 TO UNITED AIRLINES 98% 96%
90% 93%
HIGHLIGHTING OUR LEADERSHIP IN THE US 90% 81%
94% 70% 73% 87%
84% 75%
61% 70%
55% 54% 61%
NEW OPERATOR ALLIANCE AIRLINES FROM

This information is property of Embraer and cannot be used or reproduced without written permission.
43% 43% 47%
AUSTRALIA LEASED 14 E190

11/Mar/2020 29/Apr/2020 15/Jun/2020 30/Sep/2020

TWO E195 STARTED OPERATION IN VIETNAM
E175: LOWEST PARKED FLEET AND SHOWING
WITH NEW CUSTOMER BAMBOO AIRWAYS
BETTER RECOVERY PROFILE
Source: : Cirium Fleet Analyzer

E-JETS LEADING THE US RECOVERY

OF DOMESTIC FLIGHTS
23 INVESTOR RELATIONS
 EXECUTIVE JETS
STRONG DELIVERY PICK UP IN THE 3Q20 WITH WORLD FLIGHT ACTIVITY JUL-SEP (YOY)
21 EXECUTIVE JETS
CHARTER FRACTIONAL
-2%
SMALL -5%
PROFITABILITY TURNAROUND WITH POSITIVE -13%
-18%
JETS
MARGINS IN THE QUARTER AND YEAR TO DATE MEDIUM
JETS -17% SMALL -33%
JETS MEDIUM
JETS
LAUNCH OF THE PHENOM 300MED, A UNIQUE

MEDEVAC SOLUTION, ALSO AVAILABLE FOR
RETROFIT
PRAETORS: HEPA FILTERS AS STANDARD,
This information is property of Embraer and cannot be used or reproduced without written permission.
LARGE
LARGE
JETS
JETS
SMALL/MIDSIZE JETS CLASSES ACCELERATING
Source: Jetnet IQ Pulse report, Sep 2020.
*Note: Data based on JetnetIQ survey pool with 500+ operators, worldwide.

LAVATORY ELECTRIC DOOR AND SYNTHETIC

VISION GUIDANCE SYSTEM CERTIFIED

BIZJET ACTIVITY SHOWING RESILIENCE

AMONG SMALL AND MEDIUM SIZE JETS
24 INVESTOR RELATIONS
 DEFENSE & SECURITY
SIX C-390 MILLENNIUM UNDER ASSEMBLY (BRAZIL AND
PORTUGAL) WITH ONE MORE DELIVERY IN 202O

C-390 MILLENNIUM RECEIVED 2020 GRAND

LAUREATE AWARD IN DEFENSE FROM AVIATION
WEEK

This information is property of Embraer and cannot be used or reproduced without written permission.
DELIVERY OF TEN A-29 SUPER TUCANO TO
CHILE, PHILIPPINES AND NIGERIA

FIRST GRIPEN E ARRIVED IN BRAZIL TO

START FLIGHT-TEST CAMPAIGN

25 INVESTOR RELATIONS
 SERVICES & SUPPORT
EMBRAER RANKED #1 IN PRO PILOT’S CORPORATE
AIRCRAFT PRODUCT SUPPORT SURVEY

COMPLETED 7TH CONVERSION OF A LEGACY 450

TO A PRAETOR 500

This information is property of Embraer and cannot be used or reproduced without written permission.
FIRST E-JET MODIFIED AND CERTIFIED FOR
CARGO TRANSPORTATION IN CABINS

C390 MILLENNIUM EXCELENT RELIABILITY

IN HUMANITARIAN MISSIONS IN BRAZIL
AND ABROAD
26 INVESTOR RELATIONS
FINANCIAL RESULTS
 FIRM ORDER BACKLOG
US$ Billion

This information is property of Embraer and cannot be used or reproduced without written permission.
16.0 16.9 16.2 16.8 15.9 15.4 15.1
STRONG BACKLOG
NO CANCELLATIONS

1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20

28 INVESTOR RELATIONS
 NET REVENUES A/C DELIVERIES
US$ Million
YTD: 1,930

This information is property of Embraer and cannot be used or reproduced without written permission.
2,085

1,379
1,176
823 759
634 537

1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20

29 INVESTOR RELATIONS
 SG&A EXPENSES
YTD: 312
US$ Million
133
G&A EXPENSES 119
116 117
SELLING EXPENSES 108
61 101
46 33 94
46 37
34
35

This information is property of Embraer and cannot be used or reproduced without written permission.
SG&A EXPENSES
REDUCTION*
84
-30%
(YTD 2020X2019)
70 73 71 72 67 59

* Excluding Bad Debt Expenses

1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20

30 INVESTOR RELATIONS
 ADJUSTED EBIT
YTD: (177)|-9.2%
US$ Million

ADJUSTED EBIT 1.9% 0.2% 1.4%

-1.8% -1.8%
ADJUSTED EBIT MARGIN -6.0%
REPORTED EBIT - INCLUDES 27 -26.2%
SPECIAL ITEMS (US$ MILLION) 4
4Q19: (72) 9
1Q20: (56)

This information is property of Embraer and cannot be used or reproduced without written permission.
2Q20: (202) (15)
(21)
3Q20: (54) - RESTRUCTURING EXPENSES
(13) - COVID-19 BAD DEBT PROVISION
75 - IMPAIRMENT REVERSAL
(45)

(141)

1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20

-3.2% -7.4% -63.7% -5.0%
(68) (47) (342) (38)

31 INVESTOR RELATIONS
 ADJUSTED EBITDA
YTD: (64)|-3.3%
US$ Million

ADJUSTED EBITDA 10.2%

3.8% 4.9% 1.5% 3.2%
ADJUSTED EBITDA MARGIN
-1.1%
REPORTED EBITDA - INCLUDES
SPECIAL ITEMS (US$ MILLION)
4Q19: (72) 67 66 65 -22.4%
1Q20: (56) 31

This information is property of Embraer and cannot be used or reproduced without written permission.
18
2Q20: (101)
3Q20: (54) - RESTRUCTURING EXPENSES (8)
(13) - COVID-19 BAD DEBT PROVISION
75 - IMPAIRMENT REVERSAL
(120)

1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20

-0.3% 1.5% -41.2% -0.1%
(6) 9 (221) (1)

32 INVESTOR RELATIONS
 ADJUSTED NET INCOME *

YTD: (451)|-23.4%
US$ Million

ADJUSTED NET INCOME

ADJUSTED NET MARGIN (14) (48)
(62)
REPORTED NET INCOME (93) (104)
*Excludes extraordinary items (148)
(199)

This information is property of Embraer and cannot be used or reproduced without written permission.
-1.0%
-4.1% -4.5%
-7.5%
-16.4%
-19.5%

-37.0%
1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20
-5.2% 0.5% -6.6% -10.1% -46.1% -58.7% -16.0%
(43) 7 (77) (210) (292) (315) (121)

33 INVESTOR RELATIONS
 INVESTMENTS
YTD: 134
US$ Million
171
CAPEX
R&D
63
115
103 97

This information is property of Embraer and cannot be used or reproduced without written permission.
28 43
23
INVESTMENTS
REDUCTION 50
108 45
-57%
(YTD 2020X2019)
75 74 72 16 39
9 9
34 30 36

1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20

34 INVESTOR RELATIONS
 ADJUSTED FREE
CASH FLOW YTD: (1,715)

US$ Million

739

This information is property of Embraer and cannot be used or reproduced without written permission.
2

(257)
(472) (567)
(665) (677)

1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20

35 INVESTOR RELATIONS
 LIQUIDITY - STRONG CASH POSITION
US$ Billion

TOTAL CASH
NET DEBT

This information is property of Embraer and cannot be used or reproduced without written permission.
LIABILITY MANAGEMENT COMPLETED: 2.78
2.48 2.48 2.50
LIQUIDITY SIMILAR TO PRE-CRISIS LEVEL 2.18 2.00 2.18
US$ 750 MILLION IN BONDS ISSUED
90% OF DEBT IS LONG TERM
AVERAGE DEBT MATURITY OF 4.5 YEARS 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20
1.10 1.09 1.35 0.61 1.33 1.80 2.37

36 INVESTOR RELATIONS