EMBRAER SA: LOT Polish Airlines renews and extends its service agreement with Embraer

• The agreement for the Pool program was announced today at the Farnborough Airshow • The new contract will also add seven E-Jets, covering a total of 44 aircraft Farnborough, UK, 18 July 2022 – Embraer and LOT Polish Airlines, Poland’s flag carrier and Central Europe’s leading airline, today announced at the 2022 edition of the Farnborough Airshow that it has signed a contract to renew and expand the Pool program to support the fleet of Embraer E-Jets from LOT. In the new agreement, LOT will also add seven E-Jets to the original contract, with the pool now covering a total of 44 aircraft and over 300 components. Currently, Embraer’s Pool program supports more than 50 airlines worldwide. “The Pool program has been instrumental in increasing LOT’s fleet availability, ensuring efficiency and competitive results, allowing LOT to focus on day-to-day flight operations. This expansion and inclusion of additional aircraft is part of of LOT’s fleet growth strategy. Flexibility and a true partnership are the basis of our long-standing cooperation with Embraer,” said Maciej Wilk, COO of LOT Polish Airlines. LOT Polish Airlines is the launch customer for LOT Polish Airlines. ‘E-Jets, the E170 entering service in 2004. LOT, a pool customer since 2012, is the only airline to operate all four variants of E-Jets in its fleet.The Pool program will support the current fleet of LOT of 21 E170 and E175 and up to 23 E190 and E195. “There is no greater endorsement of the type of after sales service provided by Embraer than asking a customer to renew and extend a contract to support its fl otte,” said Johann Bordais, President and CEO, Embraer Services & Support. “We know we have to work hard to maintain high standards of support, not only delivering the best services on the market, but also delighting our customers, as the pool is an integral part of the service growth strategy and the support from Embraer.” Embraer’s pool program is designed to allow airlines to minimize their initial investment in high-value repairable inventory and resources, while leveraging Embraer’s technical expertise and extensive network of service providers. repair services for components. The results are significant savings in repair and inventory costs, reduction in required warehousing space, and virtual elimination of the need for resources needed to manage repairs, while delivering guaranteed levels of performance. . About LOT Polish Airlines LOT Polish Airlines connects the CEE region with Europe and the world. It constantly monitors market trends in order to plan an attractive connecting network, ensure passenger comfort, systematically reduce CO2 emissions and the use of plastic on board. LOT operates one of the youngest fleets in Europe and was the first airline in Europe to operate the Boeing 787 Dreamliner on all long-haul flights. Highly skilled pilots, often masters in their field, sit at the controls of LOT aircraft. With 93 years of experience, LOT is one of the oldest airlines in the world and the most internationally recognizable Polish brand. This recognition is evidenced by numerous awards from industry organisations, the media and, most importantly, from passengers. More information for the media on http://corporate.lot.com/pl/pl/press-room About Embraer A global aerospace company headquartered in Brazil, Embraer operates in commercial and business aviation, defense and security, and agricultural aviation. The company designs, develops, manufactures and markets aircraft and systems, providing aftermarket customer service and support. Since its creation in 1969, Embraer has delivered more than 8,000 aircraft. On average, approximately every 10 seconds, an aircraft manufactured by Embraer takes off somewhere in the world, carrying more than 145 million passengers per year. Embraer is the leading manufacturer of commercial aircraft up to 150 seats and the main exporter of high value-added goods in Brazil. The company has industrial units, offices, parts distribution and service centers, among other operations, across the Americas, Africa, Asia and Europe.

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Embraer S.A. published this content on July 18, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on July 18, 2022 12:23:03 PM UTC.

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2022 sales 5,030M

2022 net income 2.27 million

Net debt 2022 1,397 million

PER 2022 ratio -48.1x
2022 return
Capitalization 1,523 million
1,523 million
EV / Sales 2022 0.58x
EV / Sales 2023 0.48x
# of employees 15,427
Floating 93.8%

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Last closing price $2.07
Average target price $5.04
Average Spread / Target 143%

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