SÃO PAULO, Aug. 14, 2023 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its SECOND Quarter 2023 Earnings Results.

HIGHLIGHTS

Embraer delivered 47 jets in the second quarter, of which 17 commercial aircraft and 30 executive jets (19 light and 11 mid-size). A strong increase of 47% in total deliveries compared to 2Q22.
Revenues reached US$ 1,292 million in the quarter (27% higher than 2Q22 and 80% higher than 1Q23). In Commercial Aviation it represented a double-digit growth of 57% and in Executive Aviation 42% YoY.
Adjusted EBIT of 7.7% compared to 8.0% in 2Q22 due to different revenue mix, in line with company expectation.
Firm order backlog ended 2Q23 at US$ 17.3 billion stable QoQ, with higher in Executive Aviation with strong sales performance in the segment.
Adjusted Free Cash Flow w/o EVE (FCF) in 2Q23 was close to breakeven, with cash consumption of US$ 10.7 million, in preparation for higher deliveries in the coming quarters.
Successful Liability Management efforts with gross debt reduction of US$ 500 million and maturity increase.
Operational and financial guidance for 2023 unchanged.

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

Investor Relations

Leonardo Shinohara, Eliane Fanis, Viviane Pinheiro and Marcelo Cuperman.

(+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 1Q23 Results on:

Monday, Aug 14, 2023

ENGLISH: 09:00 AM (NY Time) / 10:00 AM (SP Time).

Access Link: [mzgroup.zoom.us]

ID: 898 3451 3771

Password: 421870

To participate by Phone:

We recommend you call 15 minutes in advance.

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

SOURCE Embraer S.A.

EMBRAER EARNINGS RESULTS 2nd QUARTER 2023