Page 1

● HIGHLIGHTS Embraer delivered 9 commercial jets and 21 executive jets ( 14 light / 7 large ) in 3021 , bringing the year - to - date deliveries to 32 commercial jets and 54 executive jets ( 36 light / 18 large ) . Following solid sales activity in the period across businesses , total company firm order backlog at the end of 3Q21 was US $ 16.8 billion ; ● ● ● ● EMBRAER Revenues in 3Q21 reached US $ 958.1 million , representing year - over - year growth of 26.3 % compared to 3Q 20 , with double digit growth in all segments ; Excluding special items , adjusted EBIT and EBITDA were US $ 35.7 million and US $ 79.2 million , respectively , yielding adjusted EBIT margin of 3.7 % and adjusted EBITDA margin of 8.3 % . In the first nine months of 2021 , adjusted EBIT margin was 3.8 % and adjusted EBITDA margin was 8.9 % ; EMBRAER EARNINGS RESULTS 3rd QUARTER 2021 Adjusted net loss ( excluding special items and deferred income tax and social contribution ) in 3021 was US $ ( 33.9 ) million , with adjusted loss per ADS of US $ ( 0.18 ) ; Embraer generated free cash flow in 3Q21 of US $ 21.3 million , and in the first nine months of 2021 free cash usage was US $ ( 160.2 ) million . The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter . The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies , particularly with respect to inventory management ; The Company finished the quarter with total cash of US $ 2.5 billion and net debt of US $ 1.8 billion ; Given better - than - expected free cash flow performance over the first nine months of 2021 , Embraer is updating its guidance for free cash flow without M & A or divestitures to a range of US $ 100 million or better , from the prior range of US $ ( 150 ) million to breakeven . The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft , executive jet deliveries of 90-95 aircraft , consolidated revenues in a range of US $ 4.0 to $ 4.5 billion , adjusted EBIT margin of 3.0 % to 4.0 % , and adjusted EBITDA margin of 8.5 % to 9.5 % . 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 ) 3Q20 3Q 21 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 ) 758.7 ( 37.7 ) -5.0 % ( 45.3 ) -6.0 % ( 0.6 ) -0.1 % ( 8.2 ) -1.1 % ( 148.3 ) ( 0.8058 ) ( 121.2 ) ( 0.6585 ) ( 566.5 ) ( 2,365.1 ) 958.1 30.0 3.1 % 35.7 3.7 % 73.5 7.7 % 79.2 8.3 % ( 33.9 ) ( 0.1843 ) ( 45.0 ) ( 0.2450 ) 21.3 ( 1,803.6 ) 2,895.9 140.7 4.9 % 110.8 3.8 % 287.8 9.9 % 257.9 8.9 % ( 86.2 ) ( 0.4690 ) ( 46.8 ) ( 0.2548 ) ( 160.2 ) ( 1,803.6 ) 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 $ ( 1.1 ) million in 3Q20 , US $ 7.4 million in 3Q21 , and US $ ( 18.5 ) million in 2Q21 . Adjusted Net Income ( loss ) also excludes the net after - tax special items of US $ 26.0 million in 3Q20 , US $ ( 3.7 ) million in 3Q21 , and US $ 25.8 million in 2Q21 . 1