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● HIGHLIGHTS Embraer delivered 14 commercial jets and 20 executive jets ( 12 light / 8 large ) in 2Q21 , bringing the year - to date deliveries to 23 commercial jets and 33 executive jets ( 22 light / 11 large ) . Following solid sales activity in the period across businesses , total company firm order backlog at the end of 2021 was US $ 15.9 billion ; ● ● ● ● EMBRAER Revenues in 2021 reached US $ 1,130.5 million , representing year - over - year growth of 110.4 % compared to 2020 , with double digit growth in all segments . First half 2021 revenues grew 65.5 % compared to the same period of 2020 ; Excluding special items , adjusted EBIT and EBITDA were US $ 104.7 million and US $ 160.7 million , respectively , yielding adjusted EBIT margin of 9.3 % and adjusted EBITDA margin of 14.2 % . In the first six months of 2021 , adjusted EBIT margin was 3.9 % and adjusted EBITDA margin was 9.2 % ; EMBRAER EARNINGS RESULTS 2nd QUARTER 2021 Adjusted net income ( excluding special items and deferred income tax and social contribution ) in 2021 was US $ 43.6 million , with adjusted earnings per ADS of US $ 0.24 . This is the Company's first quarterly adjusted net profit reported since the first quarter of 2018 ; Embraer generated free cash flow in 2Q21 of US $ 45.1 million , and in the first half of 2021 free cash usage was US $ ( 181.4 ) million . The free cash flow in both periods represented a significant improvement compared to the negative free cash flow in 2Q 20 and the first half of 2020 on better profitability and on working capital efficiencies ; The Company finished the quarter with total cash of US $ 2.5 billion and net debt of US $ 1.8 billion ; Embraer has issued financial and deliveries guidance for 2021. The Company expects commercial jet deliveries of 45-50 aircraft , executive jet deliveries of 90-95 units , consolidated revenues in a range of US $ 4.0 to $ 4.5 billion , adjusted EBIT margin of 3.0 % to 4.0 % , adjusted EBITDA margin of 8.5 % to 9.5 % , and free cash flow to be within a range of a usage of US $ 150 million to breakeven for the year without M & A or divestitures . For more information , please see page 10 of this report . MAIN FINANCIAL INDICATORS Revenue EBIT EBIT margin % Adjusted EBIT Adjusted EBIT margin % EBITDA IFRS EBITDA margin % Adjusted EBITDA Adjusted EBITDA margin % 2 Adjusted net income ( Loss ) ² 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 ) ( 1 ) 1Q 21 2Q20 YTD21 2Q 21 1,130.5 143.8 12.7 % 104.7 9.3 % 199.8 17.7 % 160.7 14.2 % 43.6 0.2373 87.9 0.4785 45.1 ( 1,840.5 ) 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 ) 537.2 ( 342.4 ) -63.7 % ( 140.5 ) -26.2 % ( 221.1 ) -41.2 % ( 120.4 ) -22.4 % ( 198.8 ) ( 1.0801 ) ( 315.3 ) ( 1.7131 ) ( 472.2 ) ( 1,800.7 ) 1,937.8 110.7 5.7 % 75.1 3.9 % 214.3 11.1 % 178.7 9.2 % ( 52.3 ) ( 0.2848 ) ( 1.8 ) ( 0.0098 ) ( 181.4 ) ( 1,840.5 ) 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 $ ( 50.9 ) million in 2020 , US $ ( 18.5 ) million in 2Q21 , and US $ ( 8.5 ) million in 1Q21 . Adjusted Net Income ( loss ) also excludes the net after - tax special items of US $ ( 167.5 ) million in 2Q20 , US $ 25.8 million in 2021 , and US $ ( 2.3 ) million in 1Q21 . 1