Embraer S.A. (NYSE:ERJ) Q3 2022 Earnings Conference Call November 14, 2022 8:00 AM ET

Company Participants

Francisco Gomes Neto - President and Chief Executive Officer

Antonio Carlos Garcia - Chief Financial Officer and Procurement

Leonardo Shinohara - Director, Investor Relations

Erwin Maier - Staff Seargant

Conference Call Participants

Marcelo Motta - JPMorgan

Cai von Rumohr - Cowen

Myles Walton - Wolfe Research

Florence Shalloo - MetLife

Pedro Fontana - Bradesco BBI

Operator

Good morning, ladies and gentlemen and welcome to the Audio Conference Call for Embraer’s Third Quarter of 2022 Financial Results. Thank you for standing by. [Operator Instructions] As a reminder, this conference is being recorded and webcasted at ri.embraer.com.br.

This conference call includes forward-looking statements or statements about events or circumstances, which have not occurred. Embraer has based these forward-looking statements largely on its current expectations and projections about future events and financial trends affecting the business and its future financial performance. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things, general economic, political and business conditions in Brazil and in other markets, where the company is present. The words believe, may, will, estimates, continues and participates, intends, expects and similar words are intended to identify forward-looking statements.

Embraer undertakes no obligations to update publicly or revise any forward-looking statements because of new information, future events or other factors. In light of those risks and uncertainties, the forward-looking events and circumstances discussed on this conference call might not occur. The company’s actual results could differ substantially from those anticipated in the forward-looking statements. It’s important to mention that all numbers are presented in U.S. dollars as it is our functional currency.

Participants on today’s conference call are Mr. Francisco Gomes Neto, President and CEO; Mr. Antonio Carlos Garcia, Chief Financial Officer and Procurement; and Mr. Leonardo Shinohara, Director of Investor Relations.

I would like now to turn the conference over to Mr. Gomes Neto, who will proceed with the first remarks. Please go ahead, sir.

Francisco Gomes Neto

Good morning and thank you all for joining our third quarter 2022 results call today. Mainly due to our continuous focus on efficiency, we were able to deliver better margins even with the supply chain constraints. And our firm order backlog is one of the highest since the beginning of the pandemic. It is important to highlight that we, the whole company, had concentrated our focus on year-end aircraft deliveries. There are comprehensive initiatives in place and they are progressing well to mitigate the production challenges always keeping a strong focus on safety and quality.