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August 1, 2012, 09:00 am ET
Frederico Curado - President & CEO
Jose Filippo - EVP, Finance & Director, IR
Luciano Froes - IR
Paulo Winterstein - Dow Jones
Jose Sergio Osse - Bloomberg
Ladies and gentlemen thank you for waiting and welcome to Embraer’s teleconference for the discussion of results referring to the second quarter 2012. The audio is being broadcast simultaneously at www.embraer.com.br where the respective presentation can be found. All participants are only listening to the teleconference during the presentation of the company and then we will start Q&A. (Operator Instructions)
Before starting we would like to clarify that this teleconference includes projections, declarations regarding the circumstances that has not yet occurred. These projections, these forecasts have as basis mostly current expectations from the company, forecast about future events and trends that may affect lines of business. These forecasts are subject to risks, uncertainties and assumptions that may include among others general economic condition, commercial policies in Brazil and in markets where Embraer operates.
The words, believe, may, might, estimate, continues, anticipate, intend, hope and similar terms have as a purpose to identify expectations. Embraer makes no guarantees to publish update or reviewing any forecast because of new information, future events or any other happening. Because of risks and uncertainties, estimates, events and circumstances may not occur, real results maybe very different from those mentioned here.
And today we have Mr. Frederico Curado, Mrs. [Elaine Suno] Accounting Manager and Mr. Luciano Froes, Director of Investor Relations.