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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 forwardlooking 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.
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Contents
Air Transport Industry Review ERJ 145 Family E-Jets Family Competitive Scenario Product Development Market Outlook 2010-2019
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Economic Scenario
World Real GDP Evolution (USD 2005)
60
55
Real GDP (US$ trillions)
50
45
40
35 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009F 2010F 2011F 2012F 2013F 2014F
World will return to pre-crisis level in 2010 (due to emerging countries) USA and Europe will recover in 2011-12
Source: The Economist (Feb/10)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
5.9%
May-06 May-07 Jul-06 Jan-07 Mar-07 Sep-06 Nov-06
7.4%
Jul-07 Jan-08 Mar-08 Sep-07 Nov-07
1.6 %
May-08 May-09 Jul-08 Jan-09 Sep-08 Mar-09 Nov-08
-3.5%
Jul-09 Sep-09 Nov-09 Jan-10
IATA: The industry starts 2010 with some enormous challenges. The worst is behind us, but it is not time to celebrate.
Source: IATA (Jan/10)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
7,4 5,8 1,3 -3,1 -4,1 4,5 3,3 5,0 5,5 6,2 6,1
2006
2007
2008
2009 F
2010 F
2011 F
2012 F
2009: Reduced demand due to economic crisis 2010-2013: Projected demand recovery
Source: IATA and ICAO (Dec/09)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
2013 F
+4,2%
0
20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 E 20 10 F 20 11 F
higher growth rates for Regionals increased use of 70-90 regional jet aircraft
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
September, 2007
Mar 2001 Mar 2001 Sep 2001 Sep 2001 May 2002 May 2002 May 2003 May 2003 May 2004 May 2004 Feb 2005 Feb 2005
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
30 25 20 15 10 5 0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Satena - Colombia
Republic - US
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
th. 600
E-Jet
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
10 E170 10 E190
Orders
Backlog
17 E190
Orders
Backlog
17 E190 15 E195
Orders
16
Backlog
6 E170 5 E190
Source: Embraer (Dec/09)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Fleet efficiency
Capacity Cuts Fuel & Environment Pressure
Right-sized aircraft help airlines to improve fuel burn (environment) and results
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
400
55%
151-300
300
22%
>300
23%
200
100
0 51 - 75 100 150 200 250 300 350 400 500 1000 >1000 Passenger per Day Each Way (PDEW)
54%
200
101-300
28%
>300
150 100
18%
50
0 26-50 100 200 300 400 500 600 700 800 >800 Passenger per Day Each Way (PDEW)
Intra Latin America mainly low-mid density markets 82% up to 300 PDEW
Source: SABRE (2009)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
46%
101-300
30%
150
>300
100
24%
50
0 26-50 100 200 300 400 500 600 700 800 900 1000 >1000 Daily Passengers
900 800 700 600 500 400 300 200 100 0 46-60 61-75 76-90 91-105 106-120 121-135 > 135
Daily Frequencies
>2
<=2
Around 610,000 flights (~18%) of total J121-210 with loads from 61 to 105 pax per departure and low daily frequencies (up to 2)
Source: US DOT (Nov/08-Oct/09)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
2,095 1,434
1,305
454
177
733
(1,051) (1,757)
(504)
Environment: Avg Sector: Avg Fare: Fuel Price: USLCC 800sm 100USD 2USD/gal
6175
7690
90105
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
CONTRIBUTIONTOPROFITPERFLIGHT
Fare Level
100SEATER
Pax/Flight <120
NB
Pax/Flight >120
E-Jets Deployment
21%
8% 14%
29%
25%
6%
5%
32%
7%
33% 5%
57%
40%
49%
62%
Europe Europe
7%
12%
11%
C h in a China
33%
Middle East Middle East
39%
8%
49%
52%
50%
Africa Africa
World
Source: OAG (1Q10)
50%
20%
9%
21%
Right-sizing
Natural Growth
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Madrid Paris (ORY) Dec/08 SEATS 06:00 07:00 08:00 09:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:00 18:00 19:00 20:00 21:00 22:00 23:00
Source: OAG (2010)
Dec/09
Sep/08
Sep/09
744
606
1032 E190
930 E190
A320
494
A320
342
A320
754
611
B738
B738
A320
F70 B737
B737
E190
A320 B738
E190
A320
E195
A320 A319 A320 A321 A319
E190
B737
E190
B737 A320
B738
B738
E190
CRJ700 A319
E190 E190
E190
B738
E195
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Frankfurt - Katowice Sep/08 SEATS 06:00 07:00 08:00 09:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:00 18:00 19:00 20:00 21:00 22:00 23:00
Source: OAG (2009)
Sep/09
714
B737
420 E170
513
392 E190
480
A319
465 E190
690
B737
520 E190
E190
E190
A319
E190
B737
E190
E190
A319
E190
B737
E190
A319
E190
B737
E190
E190
B737
E170
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
150+
A320
B737-700
A320
A320
100
E190
E190
E190
E190
North America
Asia Pacific
Europe
Middle East
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
300
Number of Aircraft
250
Bae 146
B737-200
Firm Orders EMBRAER 170 EMBRAER 175 EMBRAER 190 EMBRAER 195 187 140 448 87
Total
862
722
605
257
(December 31th 2009)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Diversified customer-base across five continents Increased presence in emerging markets with established carriers
Source: Embraer (Dec/09)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
257 Acft
31%
2005
Dec/2009
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
99.9% 99,88
99,75
99,50
99.2% 99,22
99,00
98,75
98,50
98,25
98,00 MAY MAY MAY JUL JUL JUL NOV NOV NOV FEB SEP SEP APR SEP FEB FEB JAN MAR MAR MAR DEC DEC AUG AUG AUG OCT OCT OCT DEC APR APR JUN JUN JUN JAN JAN
2007 SR - MONTH
2009
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
110
100
80
70-90 Seats
70
2000
2200
2400
2600
2800
3000
3200
Range (nm)
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
4,500 kg heavier than E195 Higher DOC than E195 Risk associated with new engine technology (GTF) Implications for CS100 inneficient Momentum after Republic CS 150-seater derivative perceived as heavy and CS300 vs. A319/737-700 Competition vs. A320/737-800
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Major design review in 2009: back to metallic wing, increased cross-section. 3,500 kg heavier than E175 Equivalent DOC vs. E175 but at higher risks: Challenging integration and development Risk associated with new engine technology (GTF) TSA deal no bid ; price agressiveness sustainable??
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Wingtip devices
Avionics functionalities
Electric taxi
2017/2019
APU
Fuel Cell
2020/2025
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
2015/2016
PotentialCOCvs. CurrentTechnology
2017/2019
2020/2025
4% 7%
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
Next Gen NB
2015
2020
Next Gen NB
2015
2020
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent
30-120
2625
155
6%
580
22%
840
32%
340
13%
Africa
80
Latin America
105
4%
Asia Pacific
3%
315
12%
210
8%
The information contained herein is property of Embraer and shall not be copied or used without Embraers written consent