SÃO PAULO

,


Nov. 14, 2022


/PRNewswire/ —

EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its Third Quarter 2022 Earnings Results.

HIGHLIGHTS

• Embraer
  
  delivered 10 commercial jets and 23 executive jets
  
  (15 light / 8 mid/super-midsize jets) in 3Q22, bringing YTD deliveries to 27 commercial jets and 52 executive jets (33 light /19 mid/super-midsize jets). Although deliveries have been back ended to 4Q22 due to supply chain challenges in 2022, they are close to historical average for the quarter.
• Reported 3Q22
  
  consolidated gross margin of 19.1% compared to 19.0% reported in 3Q21
  
  . As a reference,
  
  9M22 consolidated gross margin of 20.9% higher than 16.0%
  
  reported in same period of 2021.
• 
  Adjusted EBIT
  
  and
  
  EBITDA
  
  were
  
  
  US$50 million
  
  
  and
  
  
  US$93 million
  
  
  , respectively, yielding
  
  Adj. EBIT margin
  
  of
  
  5.4%
  
  and
  
  Adj. EBITDA margin
  
  of
  
  10.0%
  
  .
• 
  Free cash flow (FCF)
  
  in 3Q22 was negative
  
  
  US$109.4 million
  
  
  , mainly explained by working capital increase due to
  
  higher deliveries in 4Q22
  
  which will reverse to a positive trend.
• The Company finished the quarter with
  
  net debt of
  
  US$1.275 billion
  
  , or
  
  US$0.53 billion
  
  less than 3Q21
  
  in line with the strategy to reduce interest expenses.
• A
  
  revolving credit facility of up to
  
  US$650 million
  
  
  with 14 financial institutions was signed to
  
  increase our liquidity and improve our capital structure
  
  , following Embraer liability management strategy, or reducing gross debt and interest expenses.
• 
  We reaffirm all aspects of our 2022 financial and deliveries guidance
  
  , with an increase in our Free Cash Flow guidance from
  
  US$50 million
  
  or better to
  
  US$150 million
  
  or better.

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

Investor Relations

Leonardo Shinohara

, Jose Triques,

Viviane Pinheiro

,

Eliane Fanis

and Caio Moriani.


(+55 11) 3040-6874





[email protected]






ri.embraer.com.br

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 3Q22 Results on:

ENGLISH



:



Monday, November 14, 2022

at

10:00 AM

(SP Time) /


08:00 AM

(NY Time)

.

Access Link:

https://mzgroup.zoom.us/webinar/register/WN_XgTmGC7YRHecrEFL4-gETQ [mzgroup.zoom.us]

To participate by Phone:

• From Brazil: +55 11 4632 2236 or 55 11 4632 2237 or +55 11 4680 6788.

• From U.S.: +1 360 209 5623 or +1 386 347 5053 or +1 507 473 4847.

• International Phone Numbers available at

https://mzgroup.zoom.us/u/kdl6WjpjTv


ID: 863 6655 9280

Password: 891558

We recommend you call 20 minutes in advance.

THE CONFERENCE CALL WILL ALSO BE BROADCASTED LIVE OVER THE WEB, AT THE ADDRESS: ri.embraer.com.br

View original content:

https://www.prnewswire.com/news-releases/embraer-earnings-results—3rd-quarter-2022-301677105.html

SOURCE Embraer S.A.