This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Embraer's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Now I would like to give the word to Mr. Frederico Curado.

Frederico Curado

Good morning to all. I would like to thank you for your time here. We have Jose Filippo, Vice President of Finance, relations with investors. And as many of you know, he has been here with us since June; Mr. Filippo will do a brief presentation of results that maybe followed with a link at the Embraer page and then we will go to the Q&A. Thank you. Filippo?

Jose Filippo

Thank you and good morning to all. We would like to start the second quarter 2012 conference. By going to the third page, we would like to start talking about some of our highlights. So we will get started with commercial aviation.

We have the delivery of 35 E-Jets in the second quarter totaling 858 air jets already in operation. It’s also important to highlight that we sold five E190 during the London integration there to China’s Hebei Airlines. And another highlight in commercial aviation is that we have the opportunity with our partners during Rio+20 (inaudible) flight that was entirely contested with renewable jet fuel and so there has been a lot of interest with regarding sustainability. These are the highlights I wanted to talk about commercial aviation.

Next page have to do with executive aviation. We delivered 20 executive jets, 17 were light and 3 were large. We had an agreement with Avic to build the legacy 600/650 in Harbin, China. This reflects 10 aircrafts that for which we signed a leasing and so this aircraft will be produced in the factory and delivered as planned.

Next page has to do with defense and security. This is a segment that has been growing a lot and we have been growing 33% regarding the last quarter. In the quarter, we sold eight Super Tucano’s and flight simulator to Indonesia. We signed also an agreement with Boeing for the KC-390s and the A-29 Super Tucano; highlighting some technical aspects that has to do with integration. So far the main highlight per first segment, we had many important deliveries and that was strong performance in the company and now we are going to go on to details.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs