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 firstname.lastname@example.org
EBX’spubliclyheldcompanies LLX wascreated in March 2007, to providelogisticservicesthroughthedevelopmentof major port systems in Brazil. Its mainstrengths are:
LLX: UncloggingBrazil’sLogistics LLX´s Ports: reinforcing Brazil´s capesize capacity and beyond Amazon River Itaquí Fortaleza Manaus Suapé Salvador Vitória Santos Paranaguá São Francisco do Sul Rio de Janeiro Rio Grande 80% of the Brazilian population lives within 200 km (124 miles) of the coast Only7% ofBrazilianPorts are able to receivecapesizevessels*. Source : (*) CEL/COPPEAD 2008 – vol 1 andPort Sites
LLX’s Business Model LLX is signing long term agreements with industry leaders guaranteeing a steady cash flow and dividends to shareholders RevenueModel Services Rendered Company
Take or Pay long-term contract (25 years) with Anglo.
Initial ore shipment July 2013. Expected revenues of US$ 190 million.
LLX Minas Rio
Iron Ore handling
Multi product handling (Steel,Coal,Liquid & Dry Bulk,General Cargo);
Tariffs negotiated to ensure a minimum 15% py IRR to firm in US$ (under Long Term contracts) unleveraged.
Açu Industrial ComplexA new cluster for theoffshoreandheavyindustry 90 km² Industrial Complex (1,5x largerthan Manhattan Island)
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, able to receive 40 very large carriers (including Chinamax) thanks to its 25m draft. More than 60 contracts and MoUs signed with companies from sectors such as: Steelmaking (Ternium, Wuhan); Power generation (MPX); Cement (Votorantim , Camargo Correa); Offshore Industries (Acergy, Technip); Resources and cheaper energy supply security, operating and logistic efficiencies, truly just in time practices and 2% VAT instead of 18%.
Iron Ore: SteelProducts Real Estate Industrial AreasRental Oil Up to 10.2 Mtpy Up to 100 Mtpy Up to 1.2 Mbpd Coal Up to 12.6 Mtpy Granite Up to 1.0 Mtpy PigIron Up to 2.0 Mtpy Slag Up to 2.0 Mtpy
Açu Superport: Milestones Açu Superport ConstructiononTrack 1H13 2008 2011 2H13 2H06 1H06 2H07 2009 1H12 1H07 2010 2H12 Under Construction UnderConstruction UnderConstruction Under Construction Under Construction Constructionbegins 2H13 Projectdetailing ConstructionLicense Start Up LLX Minas-Rio EnvironmentalLicense ANTAQAuthorization UnderConstruction OnshoreEnvironmentalLicense OffshoreConstruction License ProjectDetailing LLX AÇU OffshoreEnvironmental License OnshoreConstruction License ANTAQAuthorization Under Construction Construction begins Start Up Development Construction Operations
CAPEX for Açu Superport Açu Superporttotal CAPEX: R$ 3.4 billion Minas Rio: R$ 1.0 billion* LLX Açu: R$ 2.4 billion Actual Estimated * Reimbursementof LLX Minas Rio CAPEX exceeding R$ 974 million
Financial Highlights 4.000 3.500 600 547 339 3.000 847 300 2.500 2.415 2.000 3.389 1.500 2.542 1.000 500 974 - LLX LLX Açu Total Debt Total Equity LLX LLX Minas Rio CAPEX Equity Partners Equity Existing Needed Needed Equity Capital Increase as of March/2009 Initial equity