​Please note that Embraer’s analyst conference call time for July 31st has changed to 12h30 pm (SP) / 11h30 am (NY). Press conference call remains as previously scheduled, at 9h am (Brasilia) / 8h am Eastern Standard Time.  Please see page 14 for additional information.

HIGHLIGHTS

-During the 2nd quarter of 2012 (2Q12) Embraer delivered 35 jets to the commercial aviation market and 20 to the executive aviation market (17 light jets and 3 large jets);

- As a consequence, 2Q12 Revenues reached US$ 1,717.3 million and Gross margin grew from 22.4% in 2Q11 to 23.6% in 2Q12;

- 2Q12 operating performance was strong and as a result EBIT  and EBITDA  margins reached 11.5% and 15.4%, respectively, for an accumulated EBIT and EBITDA margin of 9.9% and 14.4%, respectively, for the first semester of 2012;

- Positive operating cash generation of US$ 189.1 million in 2Q12;

- 2Q12 Net income attributable to Embraer Shareholders and Earning per ADS basic totaled US$ 54.3 million and US$ 0.2996, respectively, primarily as a result of Deferred income taxes generated by the appreciation of the US Dollar during the period, which negatively impacted 2Q12 Net income. Therefore, 2Q12 Adjusted Net Income , excluding deferred income taxes, was US$ 186.5 million;

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