LLX Logística S.A.            June, 2008
DisclaimerThis presentation relating to LLX Logística S.A. (“LLX”) includes “forward-looking statements”, as that term is ...
1. Overview
EBX Lines of Business                                                                                     XHOW            ...
LLX Management       Management Team                                               Experience                             ...
MMX Structure before restructuring and Anglo´s proposal     70%              70%                  51%              100%   ...
MMX restructuring and Anglo acquisition proposal                                                                 MMX curre...
LLX Corporate Overview after restructuring                                       Controlling                              ...
LLXLLX was created in march 2007, aiming to explorethe significant growth potential in infrastructureand logistics service...
Relevant HinterlandLLX Port´s hinterland concentrates 72% of the Brazilian GDP                                            ...
Favorable Industry Fundamentals                                  Brazil Trade Flow                             Economic Op...
LLX Projects    LLX will build 3 major port systems in the Southeast region of Brazil                                     ...
Developing Partners                                             RAM Engenharia                                            ...
LLX Timeline                                     Carve Out                                          LLX is carved out of M...
2. Projects
2A. Port Açu
Unparalleled Port Facilities    Mixed-use private port facility featuring a    deep draft port with minimum need for    dr...
LLX Minas-Rio (Ore) / LLX Açu (non-Ore)                                          18
Railway Expansion   45 km of railway track will be   built to connect Port Açu to   the Brazilian railway system.         ...
Port Infrastructure – General View                                     20
OGX´s Campos, Santos and Espirito Santo basin blocks and     Port Açu strategic location as a supply boat hub             ...
Port Açu main activities Capex                 LLX Minas-Rio: US$ 900 M                 Açu Non Ore: US$ 700 M      Iron O...
Development Capex and Volume Ramp Up                                                                                      ...
2B. Port Brasil
Port Brasil Overview                       Industrial                          Area                        (1300h)        ...
Railway  Port Brasil will be connected by a 1800 km railway track (ALL) and by a four-lane highway (Padre Manoel da Nóbreg...
Port Brasil Infrastructure  Taniguá Industrial Area          Back-area: 6 million m2                    Island: 500.000 m2...
Port Brasil OverviewPort Brasil is a private port located in São Paulo State, the country’s primary economy engine    Mixe...
Port Brasil main activities         Capex                       Port Brasil : US$ 1,951 M              Containers         ...
Development Capex and Volume (Without Containers)                                                                         ...
2C. Port Sudeste
Port Sudeste Overview                          Railway                           Loop                              Iron Or...
MMX Sudeste iron ore logistics to Port Sudeste                            Igarapé                             MRS         ...
Port Sudeste     The port is located in the State of Rio de Janeiro, adjacent to Itaguai Port at Sepetiba Bay. The whole  ...
Development Capex and Volume                                                            25,0    25,0     25,0           Vo...
EBITDA share per Product and per Port (Source : Verax Feasibility Study as of June 12th 2008)                             ...
Final Remarks                              Favorable                               Industry                              D...
Thank You !              38
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Corporate presentation june

  1. 1. LLX Logística S.A. June, 2008
  2. 2. DisclaimerThis presentation relating to LLX Logística S.A. (“LLX”) includes “forward-looking statements”, as that term is defined in the Private SecuritiesLitigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Allstatements other than statements of historical facts are statements that could be deemed forward-looking statements and are oftencharacterized by the use of words such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or“intends”, or by discussions or comments about our objectives, strategy, plans or intentions and results of operations. Forward-lookingstatements include projections regarding our operating capacity, operating expenditures, capital expenditures and start-up dates.By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific.The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in suchstatements may not be indicative of results or developments in future periods. We caution participants of this presentation not to placeundue reliance on these forward-looking statements as a number of factors could cause future results to differ materially from thesestatements.Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals andlicenses on a timely basis or at all, and changes in economic, political and regulatory conditions. We caution that the foregoing list is notexhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider these factors as well as otheruncertainties and events.LLX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (whichcan only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or anyother jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered underthe U.S. Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United Statesabsent registration or an applicable exemption from such registration requirements.This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in partwithout LLX’s prior written consent. Investor Relations Ricardo Antunes Carneiro Neto – CEO & Investor Relations Director Antonio Castello Branco – Manager Tel.+ 55 21 2555 5661 ir@llx.com.br 2
  3. 3. 1. Overview
  4. 4. EBX Lines of Business XHOW XHOWMMX LLX MPX OGX AMX REX XIS XIS AXX NVXMMX LLX MPX OGX AMX REX PFX PFX AXX NVXMining & Logistics Energy Oil & Gas Renewables Real Estate Entertainment Social Aviation Shipping Metals Coal MDX Museu das Helicopter Time Campos Water Mr Lam Açu Day Minas e do Agusta Elite Charter Pecém Basin exploration Corumbá Superport Hospital Pink Metal – BH ContractsSystem Maranhão 5 Blocks 100% Helicopter Handling Fleet & La Lagoa Agusta Grand AVX Industrial Açu 2 Blocks 50% sustainable Rodrigo de Seival forests Cañada de Hotel CJ3 Park Gloria Freitas - RJ Pillar Santos Basin Legacy Diesel / Fuel 4 Blocks 100% Hacienda Brasil Oil Castilla Superport Serra do Navio Barra & Espírito Gas São João Industrial Santo Basin Park da Barra Termopantanal 4 Blocks 100% BR Port Termopantanal Sudeste Bol Pará- Maranhão SHP (PCH) Basin Port in Capivara Chile 5 Blocks 100% HPP (UHE) (option) Baixo Iguaçú Seival Coal Mines New Coal Developments 4
  5. 5. LLX Management Management Team Experience Engineer Degree from PUC-RJ and Master´s degree from the Imperial College in London. Ricardo Antunes 23 years of experience at CVRD Former CEO of Rio Doce International CEO Co-founder of MMX Masters degree in Economics from PUC-RJ and PhD in Finance. Held Yale Universitiy´s certificate in Corporate Governance. Eliane Aleixo Lustosa Government experience at BNDES, Ministry of Finance and as Director of Brazil´s Antitrust Agency. Former VP and CFO of Grupo Abril, Globex and Petrobras Pension Fund (Petros). Chief Financial Officer Current board member of the Brazilian Institute of Corporate Governance (IBGC). Former board member of several public companies (Perdigão, CPFL, Coteminas, Telet, Americel and Tele Norte Celular). Mechanical Engineer (UFES) and MBA in COPPEAD/UFRJ José Salomão 23 years of experience in the design, implementation and operation of port terminals (iron ore, coal, pig iron, fertilizers, agricultural baul, containers and general cargo). Chief Development Officer Held executive positions in Porto de Tubarão, Porto de Praia Mole, TVV, Pasha Terminal – Los Angeles, Docenave and Brasil Ferrovias. Civil Engineer (UGF/RJ) and MBA from FGV/RJ. Project Management (PMI) certificate from Luis Alfredo Osório de Castro FIA/USP. 30 years experience in implementing infrastructure projects (urban projects and port terminals); Chief Implementation Director power plants and industrial facilities at Pronil, OAS and Brascan. 5
  6. 6. MMX Structure before restructuring and Anglo´s proposal 70% 70% 51% 100% 85% 100%MMX Corumbá MMX Amapá MMX Minas-Rio AVX Mineração LLX Logistica MMX Metálicos30% Centennial 30% Cleveland 49% Anglo 15% OTPPAsset Corumbá Cliffs American 51% 70% LLX Minas-Rio LLX Açu Minas-Rio Project 49% Anglo American 30% Centennial Asset 6
  7. 7. MMX restructuring and Anglo acquisition proposal MMX current Controlling shareholders Shareholders + minorities 100% 100% 57% 43% Iron X MMX Metálicos 70% 100% 70% 100% 51% 70%MMX Amapá MMX MMX AVX LLX LLX Minas-Rio Corumbá Mineração Minas-Rio Açu 30% (1) (2) 30% (1) 30% Centennial Asset Centennial Asset 49%( 1 ) Includes 100% of respective Metallics Projects( 2 ) Includes MMX´s option to 50% of future Pelletizing Plant 7
  8. 8. LLX Corporate Overview after restructuring Controlling Shareholders (1) + Minority Shareholders 57% 43% 51% 70% 70% 70% LLX Minas-Rio LLX Açu LLX Brasil LLX Sudeste 49% 30% 30% 30% Centennial Logística(1) Eike Batista and Management 8
  9. 9. LLXLLX was created in march 2007, aiming to explorethe significant growth potential in infrastructureand logistics services through the development of3 major port systems in the Southeast region ofBrazil.Its main strenghs are: Strategic locations and large back-areas; Low-cost operational models; Long Term contracts with diverse sectors and synergies generated within the EBX Group; Experienced management team; Secured Debt Financing Source; Social and Environmental Responsibility. 9
  10. 10. Relevant HinterlandLLX Port´s hinterland concentrates 72% of the Brazilian GDP Country GDP 2006 (US$ Billion) Brazil 1.067,7 Russia 984.93 South Korea 888.3 India 886.9 Mexico 840.0 LLX´s hinterland area 780.5 Australia 754.8 Netherlands 663.1 Belgium 393.6 Turkey 392.4 Sweden 385.3 Source: IMF. 10
  11. 11. Favorable Industry Fundamentals Brazil Trade Flow Economic Openness – Trade Flow / GDP 2006(US$ billion) Exports Imports Econom ics Openness- Trade Flow 2006 Economics Opennes - Trade Flow 2006 67% 71% 282 62% 66% 229 50% 54% 192 34% 38% 159 121 18% 21% 91 121 74 107 63 48 Brazil Brazil Chile China Korea Argentina Mexico India Indonesia Venezuela 2000 47 161 118 138 73 96 60 2002 2003 2004 2005 2006 2007Source: SECEX/Ministério do Desenv. Ind e Comercio Exterior Source: IMF Total Brazilian Seaborne Trade Brazilian Ports’ Capacity Utilization(million tons) (berth hours utilized / berth hours available) 97% 93% 91% 398 80% 372 343 354 63% 283 264 Itajaí São Francisco Rio Grande Santos Vitória 2002 2003 2004 2005 2006 2007E do SulSource: Global Insight. Source: Antaq. Current port capacity is incapable of handling the rapid growth in Brazilian foreign trade 11
  12. 12. LLX Projects LLX will build 3 major port systems in the Southeast region of Brazil Port Açu - “Super Port” Mixed-use terminal sized to berth carriers up to 200,000 tons Back-area covering 7,800 ha Draft of 18.5 m Main Products: Iron Ore from MMX Minas-Rio pipelines and third parties railway, steel products, coal, granite, LNG and containers. Port Sudeste Port terminal located in the Itaguaí Industrial Area Accessed by MRS railway and BR-101 Best poised to capture transportation of Minas-Gerais main Iron Ore producers Draft of 18.5 m Area covers 52.1 ha Port Brasil - “Super Port” Mixed-use port terminal Total Area of 1,900 ha (maritime structure with 50 ha) Draft of 18.5 m Main Products: Containers, iron ore, agricultural bulk, liquid bulk and fertilizers 70 km from its main competitor, with huge competitive advantage: major expansion area and 2x current container capacityEvery Port facilitiy has been designed to comply with ISPS (International Ship and Port Facility Security Code) regulations. 12
  13. 13. Developing Partners RAM Engenharia Develops Port Açu offshore 21 years experience Developed ports such as: CSA/Thyssen in Sepetiba; CVRD Terminal (Pier III in Ponta da Madeira, onshore installations in Praia Mole; Tubarão terminal for Oil, Agrilcultural Bulk, Fertilizers and Containers); Pecém Port. Develops Port Brasil and Port Açu onshore 75 years experiece World leader in ports development Port Projects for CVRD, MBR, Rio Tinto, Votorantim, CSN, Usiminas, Gerdau and CST. Port Açu Port Sudeste Develops Port Sudeste Port Brasil Founded in 1969 Nearly 450 projects implemented Several port projects in Brazil, Argentina, Paraguay, Uruguay, Moçambique and Cabo Verde. 13
  14. 14. LLX Timeline Carve Out LLX is carved out of MMX and begins operations as an independent company Anglo American buys 49% stake in LLX Minas-Rio OTPP acquired 15% of LLX Logística 2006 2007 2008 2009 2010 2011 2012 Development Development OperationsMinas - Rio Detailing of the Construction Start up project License Environmental ANTAQ License authorization Construction Construction begins Development Development Construction Operations Detailing of the ANTAQ Construction Start up project authorization BeginsAçu Environmental Construction License License Development Development Development Construction Operations Project begin to Environmental Construction Completion Start upBrasil be developed License License ANTAQ authorization Construction Construction begins Development Development Development Operations Project begin to Environmental Construction Start upSudeste be developed License License ANTAQ authorization Construction Construction begins 14
  15. 15. 2. Projects
  16. 16. 2A. Port Açu
  17. 17. Unparalleled Port Facilities Mixed-use private port facility featuring a deep draft port with minimum need for dredging Natural draft of 15 meters Future draft of 18.5 meters Able to berth large vessels 7,800 hectares of land holdings for adjacent industrial complex ( 300 hectares for Iron Ore / LLX Minas Rio) The thermal plant within the industrial complex will guarantee “inside-the-fence” energy availability based on the recent self- producer consortium regulation, even under a rationing scenario 10 hectares Has already been granted both environmental and construction licenses. Construction began in September, 07. 17
  18. 18. LLX Minas-Rio (Ore) / LLX Açu (non-Ore) 18
  19. 19. Railway Expansion 45 km of railway track will be built to connect Port Açu to the Brazilian railway system. MMX Sudeste 19
  20. 20. Port Infrastructure – General View 20
  21. 21. OGX´s Campos, Santos and Espirito Santo basin blocks and Port Açu strategic location as a supply boat hub 21
  22. 22. Port Açu main activities Capex LLX Minas-Rio: US$ 900 M Açu Non Ore: US$ 700 M Iron Ore: Coal: Liquid Bulk (LNG): Steel Products: Up to 63.2 mtpy Up to 15.3 mtpy Up to 4.0 M m 3 py Up to 11.2 mtpy Granite: Containers: Supply Boats: Real Estate: Up to 1.5 mtpy Up to 330,000 TEUs py Up to 80,000 tons of cargo py Up to 3,300 hectares for rental(Source : Verax Feasibility Study as of June 12th 2008) 22
  23. 23. Development Capex and Volume Ramp Up 93,5 82,0 77,6 67,9 62,2 Volume Ramp Up (Mtpy) * Port Açu 39,8 30,3 20,0 - - - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032 (*) Tonnage excluding containers Minas-Rio (Iron Ore) 766,0 Port Açu Non Ore 205,6 Development Capex US$ M Capex Port Açu LLX Minas-Rio: US$ 900 M 348,8 274,5 65,2 560,4 Açu Non Ore: US$ 700 M 283,6 256,7 53,2 80,7 75,415,1 17,838,1 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032 (Source : Verax Feasibility Study as of June 12th 2008) 23
  24. 24. 2B. Port Brasil
  25. 25. Port Brasil Overview Industrial Area (1300h) Storage & Handling (600h) Maritime Structure ( 50h) 25
  26. 26. Railway Port Brasil will be connected by a 1800 km railway track (ALL) and by a four-lane highway (Padre Manoel da Nóbrega). 26
  27. 27. Port Brasil Infrastructure Taniguá Industrial Area Back-area: 6 million m2 Island: 500.000 m2 13 million m2Distribution Center Annual Capacity: 11 berthsConsolidation and • containers: 3,2 million (TEU) Draft of 18.5 mDeconsolidation Center • Iron ore: 20 million (ton)Depot • Agricultural bulk: 28,9 million (ton) • Fertilizers: 10 million (ton) • Liquid Bulk: 7,5 million (ton) 27
  28. 28. Port Brasil OverviewPort Brasil is a private port located in São Paulo State, the country’s primary economy engine Mixed-use port terminal designed for operating containers, iron ore, agricultural bulk, liquid bulk and fertilizers; 11 Berths with 18.5 meters (reaching 21 meters with further dredging) Offshore Structure: 500,000 m² (1,240 m X 403 m); Breakwater designed for extreme weather conditions by specialized international consultancies; Access bridge with 3 lanes prepared for heavy haul and with area for multiple conveyor belts and pipes; Exceptionally large yard area; Fully compliant with ISPS Code; Direct link to railway (ALL) and a four-lane highway (Padre Manoel da Nobrega); Located outside public port area, strong competitive advantage due to reduced costs. 28
  29. 29. Port Brasil main activities Capex Port Brasil : US$ 1,951 M Containers Iron Ore Liquid Bulk (Ethanol) Up to 3.2 M TEUs py Up to 20.0 mtpy Up to 7.5 M m3 py Agricultural Bulk Fertilizers Real State Up to 28.9 mtpy Up to 10.0 mtpy Up to 600 hectares for rental(Source : Verax Feasibility Study as of June 12th 2008) 29
  30. 30. Development Capex and Volume (Without Containers) 64,9 45,4 46,5 Volume Ramp Up (Mt) 41,1 Port Brasil 27,0 17,8- - - - -2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032 553,2 561,7 DevelopementCapex (US$ M) Development Capex (US$ M) Port Brasil Port Brasil 346,0 Capex Port Brasil : US$ 1,951 M 97,9 100,3 79,8 41,2 35,32,2 1,8 -2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032 (Source : Verax Feasibility Study as of June 12th 2008) 30
  31. 31. 2C. Port Sudeste
  32. 32. Port Sudeste Overview Railway Loop Iron Ore Storage Tunnel 1.18 km Bridge 1.4 km Berth 32
  33. 33. MMX Sudeste iron ore logistics to Port Sudeste Igarapé MRS MMX Sudeste Port Sudeste Currently Transportation contract secured with MRS and port access with CSN Sepetiba Terminal until 2011, when port Sudeste starts up. 33
  34. 34. Port Sudeste The port is located in the State of Rio de Janeiro, adjacent to Itaguai Port at Sepetiba Bay. The whole area of 512,000 m² is dedicated to iron ore operation. Draft of 18,5 m. The region is served by railway (MRS) and road (Coastal Highway BR-101); the federal government has just approved investment in a road connecting the port area to the Rio-São Paulo highway; The area is already available. Licensing and construction can be done in relatively short time; operation of the iron ore terminal (storage and shipping) could start 2011. Capex Port Sudeste: US$ 381 M Iron Ore Up to 25.0 mtpy(Source : Verax Feasibility Study as of June 12th 2008) 34
  35. 35. Development Capex and Volume 25,0 25,0 25,0 Volume Ramp Up (Mt) 20,0 Port Sudeste 15,0 10,0 5,0- - - -2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032 169,1 118,3 Development Capex (US$ M) Port Sudeste Capex 49,0 Port Sudeste: US$ 381 M43,9 - - - - - - -2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032(Source : Verax Feasibility Study as of June 12th 2008) 35
  36. 36. EBITDA share per Product and per Port (Source : Verax Feasibility Study as of June 12th 2008) 36
  37. 37. Final Remarks Favorable Industry Dynamics Significant Upside Unparalleled Potential Port Facilities Unique Attractive Strategic Locations Position 37
  38. 38. Thank You ! 38
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