Conference Call Presentation Q2 2011

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  • 1. Conference Call and Webcast 2Q11 Earnings August, 2011 1
  • 2. Disclaimer This presentation contains statements that may constitute “forward-looking statements”, based on current opinions, expectations and projections about future events. Such statements are also based on assumptions and analysis made by Wilson, Sons and are subject to market conditions which are beyond the Company’s control. Important factors which may lead to significant differences between real results and these forward- looking statements are: national and international economic conditions; technology; financial market conditions; uncertainties regarding results in the Company’s future operations, its plans, objectives, expectations, intentions; and other factors described in the section entitled "Risk Factors“, available in the Company’s Prospectus, filed with the Brazilian Securities and Exchange Commission (CVM). The Company’s operating and financial results, as presented on the following slides, were prepared in conformity with International Financial Reporting Standards (IFRS), except as otherwise expressly indicated. An independent auditors’ review report is an integral part of the Company’s condensed consolidated financial statements. 2
  • 3. Consolidated Figures Net Revenues & EBITDA Net Revenues by Business (1H11) (USD million) (Cumulative Contribution to total Revenues) 338.9 120% 97% 100% 190.0 182.3 100% 89% 252.5 137.4 Net 140.0 Revenues 131.1 80% 63% 68% 265.3 60% 70.4 90.0 41% 75.6 148.6 197.1 40% Costs 99.5 28.8 40.0 17.0 8.8 20% 0% -10.0 EBITDA 33.7 55.4 73.6 31.6 Port Towage Offshore Logistics Shipyard Shipping Terminals Agency 2Q10 2Q11 1H10 1H11 Net Income Outlook (USD million) 37.3 2010 2011E Δ 31.0 33.4 Int’l Trade Flow* 383.6 469.0 22.3% (USD Bi) 20.4 14.1 13.7 Petrobras Oil Production** 2.0 2.1 5.0% (mi BOE / Day) GDP* (USD Tri) 2.1 2.2 3.9% 2Q10 2Q10 2Q11 1H10 1H10 1H11 (Adjusted) (Adjusted) *Based on Central Bank Estimates (August/2011) ** Based on Petrobras Presentations 3
  • 4. Semi-annual (1H11) Highlights by Business FINANCIAL BUSINESS OPERATIONAL 1H11 1H10 ∆ (Net Revenues - USD M) Strong demand at Brasco and Port Terminals Stable volumes of TEU handled 137.4 100.2 37% Imports Warehousing Logistics More in-house operations Import cargoes at EADI 70.4 42.2 67% Towage Higher # of harbour manoeuvres Special Operations participation 75.6 73.2 3% Impact of JV formation Offshore More vessels and more days in operation 17.0 19.6 -13% PSVs in LTC w ith Petrobras Shipyard Construction for 3rd party Impact of JV formation 28.8 9.2 212% Ship Agency Higher # of vessel calls and BLs issued Strong Real and higher provision 8.8 8.0 10% 4
  • 5. Net Income 2Q11 vs. 2Q10 (USD million) 9.3 31.0 3.5 0.7 1.1 (3.7) (0.7) (20.4) 14.1 (7.2) 13.7 Net Income Gain on Deferred Ajusted Net Cash-settled EBITDA D&A Financial Revs Financial Exp Adjusted Net Income 2Q10 Disposal of Income Tax on Income Stock Options (ex Stock Income Tax 2Q11 Investment Gain Options) 1H11 vs 1H10 (USD million) 18.1 5.9 (1.1) (3.0) (7.0) 0.1 3.5 37.3 33.4 (20.4) 20.4 Net Income Gain on Deferred Ajusted Net Cash-settled EBITDA D&A Financial Revs Financial Exp Adjusted Net Income 1H10 Disposal of Income Tax on Income Stock Options (ex Stock Income Tax 1H11 Investment Gain Options) 5
  • 6. CAPEX CAPEX Major Expenditures (USD million) (USD million) 50.0 104.8 Port Terminals • Civil works for Tecon Salvador (expansion) • Purchase of equipment 60.7 25.5 Towage & Offshore • 1 tugboat delivered • 2 PSVs delivered Shipyard • Guarujá II expansion 2Q10 2Q11 1H10 1H11 CAPEX Breakdown (USD million) 1% 10% 1% 9% 35% 11% 39% 18% 2% 1% 33% 25% 24% 2Q11 21% 1H11 14% 27% 26% Port Terminals Towage Offshore Logistics Shipyard Shipping Agency Corporate 6
  • 7. Cash Position & Debt Profile Net Debt Debt Maturity Profile (USD million) (%) Longo Prazo Long Term Curto Prazo Short Term 10% 9% (101.7) 356.4 254.7 90% Total Debt Cash & Equivalents Net Debt 91% Debt Source Profile Debt Curency Profile (%) (%) FMM FMM USD BRL OutrosOthers 15% 14% 26% 22% 74% 86% 85% 78% 7
  • 8. Investor Relations Contact Info BM&FBovespa: WSON11 IR website: www.wilsonsons.com.br/ir Twitter: @WilsonSonsIR Youtube Channel: WilsonSonsIR 8