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● HIGHLIGHTS Embraer delivered 9 commercial jets and 13 executive jets ( 10 light / 3 large ) in 1Q21 . Total company firm order backlog at the end of 1Q 21 was US $ 14.2 billion ; ● ← EMBRAER ● ● Revenues in 1021 reached US $ 807.3 million , representing year - over - year growth of 27.4 % compared to 1Q 20 , with growth in the Commercial Aviation , Defense & Security , and Executive Aviation segments ; • Excluding special items , adjusted EBIT and EBITDA were US $ ( 29.6 ) million and US $ 18.0 million , respectively , yielding adjusted EBIT margin of -3.7 % and adjusted EBITDA margin of 2.2 % ; On April 23 , the Company signed a firm order for 30 E195 - E2 jets with an undisclosed customer , with deliveries starting in 2022. The 30 firm orders will be included in Embraer's second quarter backlog ; EMBRAER EARNINGS RESULTS 1st QUARTER 2021 Adjusted net loss ( excluding special items and deferred income tax and social contribution ) in 1021 was US $ ( 95.9 ) million , with adjusted loss per ADS of US $ ( 0.52 ) ; Embraer free cash flow in 1Q21 was a usage of US $ ( 226.6 ) million , which is consistent with normal quarterly seasonality of free cash flow usage in the first quarter . The free cash flow usage represented a significant improvement compared to the US $ ( 676.6 ) million in free cash flow consumption in 1Q 20 on considerably better inventory levels given steps taken to stabilize production and operations in the midst of the COVID - 19 pandemic ; • The Company finished the quarter with total cash of US $ 2.5 billion and net debt of US $ 1.9 billion ; • Due to continued uncertainty related to the COVID - 19 pandemic and its impacts on the industry , Embraer has decided to not publish 2021 financial and delivery guidance at this point . MAIN FINANCIAL INDICATORS Revenue EBIT EBIT margin % Adjusted EBIT Adjusted EBIT margin % EBITDA EBITDA margin % Adjusted EBITDA Adjusted EBITDA margin % 2 Adjusted net income ( Loss ) IFRS Adjusted earnings ( losses ) per share - ADS basic Net income ( loss ) attributable to Embraer Shareholders Earnings ( losses ) per share - ADS basic ( US $ ) Adjusted free cash flow Net debt ( 1 ) Derived from unaudited financial information . in millions of U.S dollars , except % and earnings per share data ( 1 ) ( 1 ) ( 1 ) 4Q 20 1Q 21 1Q 20 633.8 ( 46.9 ) -7.4 % 8.7 1.4 % 9.3 1.5 % 64.9 10.2 % ( 104.0 ) ( 0.5651 ) ( 292.0 ) ( 1.5867 ) ( 676.5 ) ( 1,331.6 ) 1,841.4 103.6 5.6 % 76.6 4.2 % 172.6 9.4 % 145.6 7.9 % ( 12.5 ) ( 0.0679 ) ( 3.3 ) ( 0.0179 ) 725.1 ( 1,695.7 ) 807.3 ( 33.1 ) -4.1 % ( 29.6 ) -3.7 % 14.5 1.8 % 18.0 2.2 % ( 95.9 ) ( 0.5219 ) ( 89.7 ) ( 0.4882 ) ( 226.6 ) ( 1,902.2 ) ² Adjusted Net Income ( loss ) is a non - GAAP measure , calculated by adding Net Income attributable to Embraer Shareholders plus Deferred income tax and social contribution for the period , in addition to adjusting for non - recurring items . Under IFRS for Embraer's Income Tax benefits ( expenses ) the Company is required to record taxes resulting from unrealized gains or losses due to the impact of changes in the Real to US Dollar exchange rate over non - monetary assets ( primarily Inventory , Intangibles , and PP & E ) . The taxes resulting from gains or losses over non monetary assets are considered deferred taxes and are presented in the consolidated Cash Flow statement , under Deferred income tax and social contribution , which was US $ 132.4 million in 1020 , US $ ( 8.5 ) million in 1Q21 , and US $ 24.3 million in 4Q 20. Adjusted Net Income ( loss ) also excludes the net after - tax special items of US $ ( 55.6 ) million in 1Q20 , US $ ( 2.3 ) million in 1021 , and US $ 33.4 million in 4Q 20 . 1