2. Disclaimer
This presentation relating to LLX Logística S.A. (“LLX”) includes “forward-looking statements”, as that term is defined in the Private
Securities Litigation 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. All statements other than statements of historical facts are statements that could be deemed forward-looking statements
and are often characterized 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-looking statements 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 such statements may not be indicative of results or developments in future periods. We caution participants of this presentation not
to place undue reliance on these forward-looking statements as a number of factors could cause future results to differ materially
from these statements.
Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals
and licenses on a timely basis or at all, and changes in economic, political and regulatory conditions. We caution that the foregoing list
is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider these factors as
well as other uncertainties and events.
LLX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell
(which can only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United
States, or any other jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will
not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or
sold in the United States absent 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
part without LLX’s prior written consent.
Investor Relations
Otávio Lazcano – CEO
Luiz Felipe Jansen de Mello – IR Manager
Tel. 55 21 2555-5661
ir@llx.com.br
3. EBX’s publicly held companies
LLX is part of the EBX Group, an industrial
conglomerate founded and led by Brazilian
Mkt Cap entrepreneur Eike F. Batista, who has a
US$ 1.6 bn proven track record in developing new
projects in the infrastructure and natural
resources sectors.
Mkt Cap Mkt Cap
US$ 2.4 bn
US$ 27.2 bn
EBX Group’s investments are concentrated
Mkt Cap EBX Group in the companies LLX (logistics), MMX
US$ 38.1 bn
(mining), MPX (energy), OGX (oil and gas)
and OSX (offshore industry), listed on the
Novo Mercado of the BM&FBOVESPA, the
segment with the highest standards of
Mkt Cap
Corporate Governance.
Mkt Cap
US$ 3.0 bn US$ 2.8 bn
October 31st, 2011
R$/USD – 1,68
3
4. Brazilian Port Sector
Typical Brazilian port: strangled by the 80% of the population lives 200 km
growth of the city from the coast
Rio
Amazonas
Itaquí
Manaus Fortaleza
Suapé
Salvador
Vitória
Santos
Paranaguá
São Francisco do Sul
Rio Grande
The brazilian port facilities operate with current bottlenecks such as:
— Land access restrictions
— Small and low-skilled berths
— Draft restrictions
— Lack of automation in cargo handling
The private capital is essential to promote the development of brazilian port
infrastructure
4
5. A LLX
LLX was created in March 2007, to provide logistic services through the development
of major port systems in Brazil:
Strategic location and large back-areas;
Capability to receive large vessels;
Contiguous industrial area;
Integration with existing rail and road infrastructure;
Low cost operational model (private terminals);
Long term take-or-pay contracts and synergies generated within the EBX Group;
Social and Environmental Responsibility
5
6. Timeline
TX2 land lease contracts signed:
OSX, NKTF and Technip
Out-Nov/11
Environmental License
for Ternium Out/11
Installation License for Ago/11 MoU with FCA
Onshore Terminal Jul/11
ANP’s Authorization for OTF
Installation License Out/10
LLX’s Partial Spin Off/
for OTF Portx is created
Set/10
Installation License for Jul/10 ANTAQ’s Authorization
Logistics Yard
Dez/09
Out/09
LLX shares begin trading on the
Installation License for MPX’s
BOVESPA Stock Exchange Jun/08
Thermal PowerPlant
Jul/07
Anglo American
Mar/07 acquires 49% of
LLX Minas-Rio
LLX is created
6
7. LLX Ownership and Corporate Structure
Controlling Other Minority
Shareholder Shareholders
54% 18% 28%
51% 70%
LLX Minas-
LLX Açu
Rio
49% 30%
Centennial
Açu Superport
7
8. LLX: Location, location, location
Hinterland of 75% of
Brazilian GDP
Integrated with rail, highway – leapfrog
from truck to coastal barging;
150 km from Campos oil basin (85% of
Brazil oil production);
Natural workshop for the pre salt in
Brazil: one stop shop for the oil and gas
industry;
Campos Oil Basin
Açu Superport : Brazil’s new route to
China (Source: FT; May 9th, 2011).
8
9. Açu Superport
Authorization to move 1.2 mbpd
VLCC/
Chinamax
Tankers
Storage & Treatment
Campos Basin
85% of Brazil
Oil Production
9
10. Açu Superport
Unique location and integration to main railway and highway
network
A Complete Logistic Corridor
BR 101 to be duplicated
A 43 km new railway track will
connect Açu Superport to the
railway and Campos within
a multimodal Logistic Corridor
10
12. LLX: capability to receive VLCCs/Chinamax
Only 7% of Brazilian Ports are able to receive capesize vessels*
Source : (*) CEL/COPPEAD 2008 – vol 1 and Port Sites
12
13. LLX’s Business Model
LLX is signing long term agreements with industry leaders guaranteeing
a steady cash flow and dividends to shareholders
Company Services Rendered Revenue Model
Take or Pay long-term
contract (25 years) with
Anglo.
LLX Minas Rio Iron Ore handling
Initial ore shipment July
2013. Expected revenues
of US$ 190 million.
Multi product handling
Tariffsnegotiated to
(Steel,Coal,Liquid & Dry
Bulk,General Cargo); ensure a minimum 15% py
LLX Açu IRR to firm in US$ (under
Land Lease and
Long Term contracts)
Services & Utilities
unleveraged.
13
14. Açu Industrial Complex
A new cluster for the offshore and heavy industry
METAL-MECHANIC
CEMENT PLANTS INDUSTRIES
X CITY
WUHAN STEEL
PLANT
SILICON VALLEY ENVIRONMENTAL
TERNIUM STEEL RESERVE AREA
PLANT
IRON ORE
40KM2
TERMINAL
LOGISTICS YARD/ OTF
STEEL/SOLID BULK LIQUID BULK
OFFSHORE NKTF
INDUSTRIES
TECHNIP
MPX THERMAL
POWER PLANTS
IRON ORE
OSX SHIPYARD
COAL
SUPPLY BOAT CRUDE OIL
14
15. Açu Superport
Highlights
Up to 350 million tons port complex with 2 terminals (TX1 and TX2), to be ranked
among the 3 largest ports in the world.
17 km of quay, up to 40 berths and able to receive very large carriers (including
Chinamax) thanks to its 26 meters draft.
More than 60 contracts and MoUs signed with companies from sectors such as:
Steelmaking (Ternium, Wuhan); Oil and Gas;
Power generation (MPX); Metal Mechanic;
Cement (Votorantim , Camargo Correa); Dry & Liquid Bulk Handling;
Offshore Industries (Acergy, Technip); Automotive
Resources and energy supply security, operating and logistic efficiencies, truly just in
time practices and 2% VAT instead of 18%.
Largest and most efficient port-industry complex in Latin America : total investments of
US$ 40 billion
15
16. TX1
One of the largest offshore terminal in Latin America for Iron Ore
and Oil
IRON ORE
CRUDE OIL
16
17. TX1: Main characteristics
Iron Ore Pier 100% completed
Threstle Completed : 3,000 m
Quay Length: up to 4,000 m
Number of Berths: 9
5 dedicated to Oil (up to 1.2
mbpd)
4 dedicated to Iron Ore (up to
100 mtpy)
Initial Dredging: 21 m to be dradged
up to 26 m for VLCCs and Capesizes
17
18. Açu Superport : Oil Treatment Facility
FPSOs For 800,000 bpd
(+)
Desalting Blending Dewatering
Oil Treatment Investment of
Facility US$ 1.45 billion
Business opportunity with
Oil Export VLCCs
a leveraged IRR > 70% py
18
24. TX2
The longest and most efficient quay for bulk cargoes and
offshore industries
STEEL/SOLID BULK
LIQUID BULK
NKTF
TECHNIP
OFFSHORE
INDUSTRIES
MPX THERMAL
POWER PLANTS
OSX SHIPYARD
COAL
SUPPLY
BOAT
24
25. TX2
Main characteristics
Total Quay Length : 13,000 m
Onshore Channel Width: 300 m
Total Area: 8,000,000 m2
Extension: 6,500 m
Unique advantages for Oil & Gas
E&P segment
Able to handle Coal, Steel
Products, Dry and Liquid Bulks
25
28. TX2
Dredging Evolution
November/2011
August/2011
Cyrus II began the process of dredging
the channel and is progressing at a rate
of 25 meters per day, extracting a daily
volume of 34,000 m3 of sand.
28
29. Açu Superport
Main Activities
Iron Ore: Oil Real Estate Steel Products
Up to 100 Mtpy Up to 1.2 Mbpd Industrial Areas Rental Up to 10.2 Mtpy
Coal Pig Iron Slag Granite
Up to 12.6 Mtpy Up to 2.0 Mtpy Up to 2.0 Mtpy Up to 1.0 Mtpy
29
30. Açu Superport
Milestones
Açu Superport Construction on Track
2H13
1H06 2H06 1H07 2H07 2008 2009 2010 2011 1H12 2H12 1H13 2H13
Project Construction Construction Under Under Under Under Under Under
detailing License begins Construction Construction Construction Construction Construction Construction Start Up
LLX Minas-Rio
Environmental ANTAQ
License Authorization
Offshore Onshore
Project Construction Environmental
Detailing License License
LLX AÇU
Offshore Onshore
ANTAQ Construction Under
Environmental Construction
Authorization begins Construction Start Up
License License
Development
Construction
Operations
30
32. Contracts Signed
Annual Revenues: R$ 67 million
MPX
Term: 35 years, renewable for a further 35 years
Area:2,243,800m2
Rvenue : R$9.17 million per year
Start Date: November 24th, 2010
NKTF
Term: 20 years, renewable for a further 20 years
Area:121,905m2 – with 210m of quay
Revenue: R$8 million per year
Start Date: October 20th , 2011
OSX
Term: 40 years, renewable for a further 40 years
Area: 3,200,000m2
Revenue: R$28 million per year
Start Date: October 31st , 2011
Technip
Term : 25 anos, renewable for a further 25 years
Area:289,800m2 – with 500m of quay
Revenue: R$22 million per year
Start Date: November 18th, 2011
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33. LLX: Social & Environmental Responsibility
$ 70 million already invested in more than 50 social and environmental projects
Assistance programs to fishing activities, society and environment
Professional Qualification Program in partnership with Senai trained nearly 800 people
and will provide 3,300 positions for professional development courses and technical
support in 2012
40 km ² area dedicated to create an Environmental Reserve
Health and safety programs
The Acu Superport at full capacity will generate 50,000 jobs
Professional Qualification Program Turtle Release - partnership with the Tamar Project Actions to strengthen the fishing activity
33