Embraer releases 1st quarter 2016 results in IFRS

SAO JOSE DOS CAMPOS, Brazil, April 29, 2016 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its first quarter 2016 results.

HIGHLIGHTS

• In the first quarter of 2016 (1Q16), Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to 1Q15;
• The Company's firm order backlog ended the quarter at US$ 21.9 billion, compared to US$ 20.4 billion at the end of 1Q15 and $22.5 billion in backlog at the end of 2015;
• As a result of higher aircraft deliveries in both the Commercial Aviation and Executive Jets segments, 1Q16 revenues were US$ 1,309.0 million, an increase of 24% compared to 1Q15;
• EBIT and EBITDA margins were 6.5% and 12.8%, respectively, in 1Q16 (compared to 7.5% and 14.1% in 1Q15), and EBIT and EBITDA for the quarter were US$ 85.7 million and US$ 167.6 million, respectively (versus US$ 79.6 million and US$ 149.1 million in 1Q15);
• 1Q16 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 103.9 million and US$ 0.5690, respectively;
• Adjusted Net Loss, which excludes non-cash deferred income taxes and social contribution largely related to the impact of foreign exchange variation on non-monetary assets, was a loss of US$ (1.7) million in 1Q16;
• Embraer ended 1Q16 with a total cash position of US$ 3,443.3 million and total debt of US$ 3,663.2 million, yielding a net debt position of US$ 219.9 million in the quarter;
• The Company reiterates all aspects of its financial and delivery outlook for 2016.

MAIN FINANCIAL INDICATORS

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

Investor RelationsEduardo Couto, Caio Pinez, Christopher Thornsberry, Nadia Santos, Paulo Ferreira and Viviane Pinheiro.(+55 12) 3927 1000[email protected]http://ri.embraer.com.brFollow Embraer's IR Department on twitter: @IREmbraer

CONFERENCE CALL INFORMATIONEmbraer will host a conference call to present its 1Q16 Results on Friday, April 29, 2016 at 10:30AM (SP) / 9:30AM (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) 846-1574Operator Assisted International Dial-In Number: (708) 290-0687Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)Code: 75962624

Headquarters (Brazil) Saulo Passos [email protected]   Cell: +55 11 94254 4017 Tel.: +55 11 3040 1799 North America Alyssa Ten Eyck [email protected]   Cell: +1 954 383 0460 Tel.: +1 954 359 3847 Europe, Middle East and Africa [email protected]   Cell: +55 11 94254 4017 Tel.: +55 11 3040 1799 China Mirage Zhong [email protected]   Cell: +86 185 1378 5180 Tel.: +86 10 6598 9988 Asia Pacific Nilma Missir-Boissac [email protected]   Cell: +65 9012 8428 Tel.: +65 6305 9955

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SOURCE Embraer S.A.