Mmx webcast ingles 1 t14 v1

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Mmx webcast ingles 1 t14 v1

  1. 1. 1Q14 RESULTS June | 2014
  2. 2. DISCLAIMER 2 This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) 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 on a timely basis or at all, exploration for mineral resources and reserves, difficulty in converting geological resources into mineral reserves, 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. MMX 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 MMX’s prior written consent.
  3. 3. 1Q14 HIGHLIGHTS1.
  4. 4. 4 MAIN FIGURES 1Q14 QxQ YxY Production 1.3 million tons 22% -10% Sales 1.2 million tons -15% -12% Net Revenues R$ 110.4 million -39% -53% Net Profit R$ -69.2 million - - Adjusted Ebitda R$ -501.3 million - - 1Q14 highlights and subsequent events: Conclusion of the investment operation of Trafigura and Mubadala in Porto Sudeste do Brasil S.A. (previously named MMX Porto Sudeste Ltda.); Reverse Split of the total shares representing the capital in a ratio of 6 shares to 1 share with no alteration of the Company’s current capital.
  5. 5. 5 FINANCIAL HIGHLIGHTS 237 181 110 0 100 200 300 1Q13 4Q13 1Q14 Net Revenue (R$ million) 140 96 31 0 50 100 150 1Q13 4Q13 1Q14 Gross Profit (R$ million) -131 -501 -600 -500 -400 -300 -200 -100 0 1Q13 4Q13 1Q14 Adjusted EBITDA (R$ million) Adjusted EBITDA
  6. 6. 6 CONSOLIDATED DEBT 2.021 2.791 160 1Q13 4Q13 1Q14 Net Debt (R$ Million) 39% 48% 59% 61% 52% 41% 0% 20% 40% 60% 80% 100% 1Q13 4Q13 1Q14 Debt profile Short Term Long Term
  7. 7. www.mmx.com.br

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