ERJ - EMBRAER EARNINGS RESULTS - 3rd QUARTER 2022

PR Newswire

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
investor.relations@embraer.com.br
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

SOURCE Embraer S.A.