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 Embraer Releases Fourth Quarter and Fiscal Year 2014 Results and 2015 Outlook
   Wednesday, March 04, 2015 6:55:00 PM ET

Embraer releases fourth quarter and fiscal year 2014 results and 2015 outlook.

HIGHLIGHTS

-- In the fourth quarter of 2014 (4Q14), Embraer delivered 30 commercial and 52 executive (38 light and 14 large) jets and ended the year with total deliveries of 92 commercial and 116 executive (92 light and 24 large) aircraft, thus meeting the Company’s total deliveries Guidance for 2014;

-- Revenues in 4Q14 reached US$ 2,045.5 million and in 2014 were US$ 6,288.8 million, also meeting the Company’s 2014 Revenue Guidance range of US$ 6.0 to US$ 6.5 billion;

-- EBIT and EBITDA margins were 9.6% and 13.8%, respectively, in 4Q14, and for fiscal year 2014 the EBIT and EBITDA margins were 8.6% and 13.2%, respectively. EBITDA margin was within the Company’s Guidance range of 13.0% to 14.0% for the year;

-- Embraer finished 2014 with a total cash balance of US$ 2,423.6 million and a net debt position of US$ 84.5 million;

-- 4Q14 Net income attributable to Embraer Shareholders and Earnings per ADS totaled US$ 91.4 million and US$ 0.4983, respectively, and fiscal year 2014 Net income attributable to Embraer Shareholders and Earnings per ADS totaled US$ 334.7 million and US$ 1.8247, respectively.

-- For 2015, Company Guidance is for expected Net Revenues of US$ 6.1 to US$ 6.6 billion, driven by expected deliveries of 95 to 100 jets in the Commercial Aviation segment and 35 to 40 large jets and 80 to 90 light jets in the Executive Jets segment, with Defense & Security revenues of US$ 1.1 to US$ 1.25 billion for the year;

-- The Company’s backlog ended 2014 at a value of US$ 20.9 billion, representing 15% growth from the US$ 18.2 billion reported at the end of 2013.

Main financial indicators[1]

in millions of U.S dollars, except % and earnings per share data
IFRS                                                   (1)        (1)        (1)        (2)        (2)
                                                       3Q14       4Q13       4Q14       2013       2014
Revenue                                                1,239.7    2,304.0    2,045.5    6,235.0    6,288.8
EBIT                                                   68.1       462.9      196.3      713.4      543.3
EBIT Margin %                                          5.5%       20.1%      9.6%       11.4%      8.6%
EBITDA                                                 135.9      543.6      281.3      1,004.0    829.6
EBITDA Margin %                                        11.0%      23.6%      13.8%      16.1%      13.2%
Adjusted Net Income (Loss) ?                           92.6       373.0      129.4      534.6      413.8
Net income (loss) attributable to Embraer Shareholders (10.7)     264.5      91.4       342.0      334.7
Earnings (loss) per share - ADS basic (US$)            (0.0584)   1.4513     0.4983     1.8764     1.8247
Net Cash (Debt)                                        (326.6)    429.3      (84.5)     429.3      (84.5)
(1) Derived from unaudited financial information.
(2) Derived from audited financial information.

For additional information, please check the full document in our website: http://ri.embraer.com.br

Investor Relations

Eduardo Couto, Caio Pinez, Christopher Thornsberry, Cl?udio Massuda, N?dia Santos and Paulo Ferreira

(+55 12) 3927-4404

investor.relations@embraer.com.br

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 4Q14 Results on Thursday, March 5, 2015 at 1:30pm (SP) / 11:30am (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: (877) 846-1574

Operator Assisted International Dial-In Number: (708) 290-0687

Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)

Code: 51346005

ABOUT EMBRAER

Embraer S.A. (ERJ ) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in S?o Jos? dos Campos, S?o Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts of future events and financial trends that affect Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations of industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words "believe", "may", "is able", "will be able", "intend", "continue", "anticipate", "expect" and other similar terms are intended to identify potentialities. Embraer does not undertake any obligation to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results may therefore differ substantially from those previously published as Embraer expectations.

CONTACTS:

Headquarters (Brazil)Rosana Diasrosana.dias@embraer.com.brCell: +55 12 9724 4929Tel.: +55 12 3927 1311Fax: +55 12 3927 2411

North AmericaRobert Stangaronerstangarone@embraer.comCell: +1 954 260 9939Tel.: +1 954 359 3101Fax: +1 954 359 4755

Europe, Middle East and AfricaHerve Tilloyherve.tilloy@embraer.frCell: +33 6 0864 3545Tel.: +33 1 4938 4530Fax: +33 1 4938 4456

ChinaMirage Zhongmirage.zhong@bjs.embraer.comCell: +86 138 1191 8053Tel.: +86 10 6598 9988 Fax: +86 10 6598 9986

Asia PacificNilma Missir-BoissacNilma.boissac@sin.embraer.comCell: +65 9012 8428Tel.: +65 6305 9955 Fax: +65 6734 3908

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/embraer-releases-fourth-quarter-and-fiscal-year-2014-results-and-2015-outlook-300045840.html

SOURCE Embraer S.A.

http://rt.prnewswire.com/rt.gif?NewsItemId=BR47680&Transmission_Id=201503041855PR_NEWS_USPR_____BR47680&DateId=20150304



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