7th ANALYSTS AND INVESTORS MEETING

NY

Maurício BotelhoPresident & CEO

APRIL 2007

Forward Looking Statement

•This presentation includes forward-looking statements or statements about events or circumstances which have not occurred. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting our business and our future financial performance. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: general economic, political and business conditions, both in Brazil and in our market. The words “believes,” “may,” “will,” “estimates,” “continues,” “anticipates,” “intends,” “expects” and similar words are intended to identify forward-looking statements. We undertake no obligations to update publicly or revise any forward-looking statements because of new information, future events or other factors. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this presentation might not occur. Our actual results could differ substantially from those anticipated in our forward-looking statements.

Strategic Highlights

• With the conclusion of Capital Reorganization Embraer became the first large Brazilian Company with pulverized capital.

• Listing on Novo Mercado segment of the Bovespa, the highest level of Corporate Governance of the Brazilian market.

• Issuance of US$ 400 millionguaranteed notes and demand ten times oversubscribed.

Sale of 50 ERJ 145s and 50 EMBRAER 190s to HNA Group, the fourth largest airline company in China.

The first contract involving an E-Jet in mainland China.

Confirms the correctness of Embraer´s vision and its long-term strategy to become an important player in the Chinese market.

Strategic Highlights

2006 Highlights

2006 Highlights

Firm Order Backlog

US$ billion

Firm order backlog increased more than 40% in 2006. The highest in the Company’s history.

US$14.8 Billion

10.1 10.4

14.8

2004 2005 2006

Aircraft Deliveries

Units

148

141

130

2004 2005 2006

• As a result of difficulties with the production ramp-up of the EMBRAER 190 and EMBRAER 195 aircraft, especially those related to their wing assembly Embraer revised its delivery forecast for 2006

• 2007 delivery forecast increased from 150 jets to 165 / 170 deliveries

2006 Highlights

2006 Highlights

In US$ millions

Net Revenues

3,4413,830 3,807

2004 2005 2006

22

360

416

2004 2005 2006

Net Cash

In US$ millions

2006 Highlights

Net Income

In US$ millions

380446

390

2004 2005 2006

Highlights - Commercial AviationMore than 225 New Firm Orders

Regional US Airways AeroRepublica Finnair

FlyBeRoyal Jordanian Tame

Launch of the Lineage 1000, anultra-large business jet basedon the platform of the EMBRAER 190.

Highlights – Business Jet Market

Phenom 100 and Phenom 300 have logged more than 350 firm orders.

Deliveries of 5 Super Tucano aircraft for the Colombiangovernment representing the first international delivery of that modelDelivery of seven F-5 BR remodeled aircraft and nine Super Tucano to Brazilian Air Force. Contracted by the BrazilianGovernment to develop the LINK-BR2 network data link system .

Highlights – Defense & Government

Highlights – Costumer Services• Conclusion of EAMS plant expansion

in Nashville.

• Creation of three new service centersin the US and one in Europe, andcertification of authorized service centers to provide full-service aircraft care.

• Embraer and CAE signed an agreement to form a global training joint venture, to provide pilot and ground crew training to Embraer customers of the Phenom jets.

The EMBRAER 195 aircraft received itscertification from CTA and EASA, andfirst deliveries are made to Flybe andRoyal Jordanian Airlines.

The EMBRAER 190 aircraft received typecertification from EASA, and the firstdeliveries are made to Régional(AirFrance subsidiary) and Finnair.

Highlights – Engineering

Embraer assumed wing assembly of the EMBRAER 190 e EMBRAER 195 aircraft.Construction of the final assemblyhangar and painting shop of the Phenom jets at Gavião Peixoto plant..

First metal part produced for the Phenom jets.

Start of the production of the serial number 1000 aircraft of the ERJ 145 family.

Highlights – Industrial Operations

Defense and Government Market

Super Tucano

Brazilian Air Force

99 aircraft ordered

45 aircraft delivered

Super Tucano

Export

Colombian Air Force: 25 aircraft ordered, 7 delivered in 14 months after contractaward

Shortlisted in Turkey and UAE

F-5M

Brazilian Air Force

Upgrade of 53 F-5 E/F

12 aircraft delivered

Includes new radar, avionics,

weapons management and

eletronic warfare systems

A-1MBrazilian Air Force

Upgrade of 46 aircraft

First prototype in Embraer

for modification

Includes new radar,

avionics, weapons

management and eletronic

warfare systems