Introduo

1
First Quarter 2008 Results
May 7, 2008
2
Forward Looking Statement
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.
3
Summary

• Embraer added new customers to its firm order
  backlog such as Petroecuador, Universal Airlines,
  Air Moldova, Jetscape and the new Brazilian
  airline founded by David Neeleman, Azul Linhas
  Aéreas Brasileiras S.A.
• Former customers such as Finnair and Lot Polish
  have announced new firm orders for the E-Jets.
• Regional, Virgin Blue, Egypt Air and M1 Travel
  also confirmed options for the E-Jets.
• Embraer held a General Shareholders Meeting with
  a quorum representing 82.75 of the Companys
  total capital.
• Embraer concluded the purchase of 16,800,000
  common shares (4,200,000 ADRs), representing a
  disbursement of R 320.2 million.

4
Results Performance
5
Jet Deliveries
6
Net Revenue by Segment
1Q07
1Q08
7
Net Revenue
US Million
8
Income from Operations
US Million
9
EBITDA
US Million
10
Net Income
US Million
11
Accounts Receivable and Clients Financing
US Million
12
Inventories
US Million
13
Indebtedness
Total Debt US 1,597 Million Loans Average
Maturity 3 years and 9 months

• Average Cost in Brazilian Currency (R) 8.28
  p/a
• Average Cost in Foreign Currency (US) Libor
  2.38 p/a

14
Net Cash (Debt)
US Million
15
Backlog and Deliveries Forecast
16
ERJ 145 Family Order Book
(as per 1st Quarter, 2008)
17
EMBRAER 170/190 Family Order Book
(as per 1st Quarter, 2008)
18
Order Backlog
US Billion
19
Aircraft Deliveries Forecast
20
Investments Forecast
US Million
21
Investor Relations Phone [phone]
4404investor.relations_at_embraer.com.brwww.embraer
.com