Message from the MANAGEMENT Francisco Gomes Neto The year 2022 was marked by overcoming the challenges and uncertainties that have ari- family, as well as in Executive Aviation and the Defense area. Moreover, the diversi昀椀cation sen on several fronts: the war in Ukraine, increased global in昀氀ation, and broad restrictions of business areas helped to compensate for the performance of a speci昀椀c segment. In this on the supply chain. These challenges led us to adjust internal processes throughout the way, the good performance of the Services & Support and Executive Aviation areas, as well year and, thanks to the focus and discipline of the entire team in the accomplishment of our as the increase in deliveries in Commercial Aviation, helped to offset the impact in the strategic plan, we were able to deliver the goals planned for the year. Defense & Security area. Compared to 2021, we increased aircraft delivery by 12.7% – from 141 to 159 Commercial At Commercial Aviation, we announced an additional order for Canada’s Porter Airlines and Executive aircraft in 2022. We also increased revenue by 8.2% to USD 4.5 billion. Ad- for 20 new E195-E2s, in addition to 30 existing 昀椀rm orders. Porter even took delivery of the justed EBIT and EBITDA margin (in USD) exceeded the guidance presented to the market, 昀椀rst E195-E2 jets operating in North America at the end of the year. We also announced an reaching 6.0% and 10.1%. Another highlight was free cash generation without EVE, which order from Azorra, a U.S. aircraft leasing company, for 20 new E2 jets, besides the expansion reached USD 540.1 million, quite above estimates. of our presence in the Middle East, with operator SalamAir from Oman ordering six E2s. The focus on improving business ef昀椀ciency remains a key factor in achieving our goals In addition, the Chinese civil aviation authority has granted certi昀椀cation for our E190-E2, and delivering better margins, even with supply chain constraints. Throughout the year, opening the doors of the relevant Chinese market for the E2 family. we implemented several mitigation measures, such as creating a special team to operate Executive Aviation presented another year with outstanding results, with the delivery of 102 within the main suppliers’ plants, developing alternative logistics routes, and improving aircraft, “book-to-bill2” above 1.8:1, and a higher gross margin than in the previous year. As internal processes to reduce production cycles. Also noteworthy are the efforts for con- a re昀氀ection of the good momentum of the business unit, Phenom 300 was voted for the 11th tinuous improvement of operational ef昀椀ciency, such as inventory turnover management, consecutive year as the world’s best-selling business jet in the industry. restructuring of selection and procurement processes, and ongoing improvement of pro- In Defense, we faced dif昀椀culties such as contract renegotiation and other factors that re- duction processes. sulted in a 25% decrease in segment revenue. However, we are optimistic for 2023 as the The sales growth of our current product portfolio also excites us for the coming years. The current geopolitical scenario continues to in昀氀uence countries around the world to review backlog returned to the pre-pandemic level, reaching USD 17.5 billion. There are several their plans and renew their armed forces. The main highlight of the year was the selection ongoing sales campaigns that are progressing, both in Commercial Aviation, mainly the E2 of C-390 Millennium by the Dutch Ministry of Defense as the only aircraft that meets the