Press Release Presentation 3Q14

1. 3Q14
RESULTS

2. Record quarterly performance for Kepler Weber
• Net Revenues: 52.4% increase to R$254.3 million, reflecting the excellent climate
for agribusiness and the Company’s successful diversification strategy.
• Gross Profit: R$68.3 million, up by 29.6%, resulting mainly from productivity gains
and an increase in volumes.
• Net Income: highest-ever quarterly growth of 72.7% to R$34.2 million, due to
improved operating results.
• EBITDA: R$58.4 million, an increase of 63.3% with a best-in-class margin of 22.9%.
• Cash generation reached R$118.3 million, a significant improvement over the
same period of the previous year (R$95.4 million in 3Q13).
• Net Debt at the end of 3Q14 was minus R$116.5 million, a reduction of R$114.3
million against the position at the end of 2013.
2

3. Sales – R$ Thousand
3
255,200
212,165
+27,650
(+11%)
30,951
282,850
206,000
32,249
3T14
9,704
34,896
1,458
10,625
3T13
Storage -3% Parts and Services -9%
Exports +13% Bulk Handling +2.111%
657,337
503,367
24,327
78,720
50,922
9M13
+229,675
(+35%)
887,013
701,994
82,284
77,344
25,391
9M14
Storage +39% Parts and Services +4%
Exports +5% Bulk Handling +52%

4. PRODUCTION –TONS. OUTPUT –TONS.
18,495
18,737
(29%)
55,200
20,786 29,668
BACK LOG – R$ Thousand NET REVENUE – R$ Thousand
4
25,439
3Q13
9M14
+6,944
(+38%)
9M13
64,937
3Q14
46,200
+68,381
(+22%)
381,482
313,101
SEP/13 SEP/14SET/14
19,590
(26%)
+8,882
(+43%)
74,790
YTD13 YTD14
3Q14
3Q13
166,926
254,348
415,226
3Q13 3Q14
YTD14
+239,075
(+58%)
+87,422
(+52%)
654,301
YTD13

5. GROSS PROFIT (R$ Thousand)
GROSS MARGIN (%)
CONTRIBUTION MARGIN
Net Revenue (-) Variable Costs
5
68,321
52,716
32%
3Q13
27%
3Q14
109,558
26%
40% 41% 39%
Gross profit increase boosted by gains in operational efficiency
+58,428
(+53%)
+15,605
(+30%)
167,986
26%
YTD14
YTD13
45%
3Q13 3Q14
YTD13 YTD14

6. EBITDA
Net Income (R$ thousands) 3Q14 3Q13 Δ% 9M14 9M13 Δ%
Income for the Period 34,247 19,751 +73.4% 83,088 37,050 +124.3%
(+) Provision for Income and Social Contribution Taxes –
Current and Deferred
13,322 12,826 +3.9% 33,629 20,113 +67.2%
(+) Financial Revenues (7,410) (6,360) +16.5% (19,653) (13,329) +47.4%
(+) Financial Expenses 13,707 5,768 +137.6% 28,087 16,611 +69.1%
(+) Depreciation and Amortization 4,491 3,744 +20.0% 12,647 11,509 +9.9%
EBITDA 58,357 35,729 +63.3% 137,798 71,954 +91.5%
EBITDA (R$ Thousand)
EBITDA MARGIN (%)
6
71,954
58,357
23%
35,729 17%
21%
21%
3Q13 3Q14
YTD13
YTD14
+65,844
(+92%)
137,798
+22,628
(+63%)

7. INDEBTEDNESS
7
Debt (R$ thousands) 3Q14 2013 Var (%)
EXIM Pré-Embarque 12,528 8,429 +48.6%
FINAME PSI 1,406 1,019 +38.0%
FINIMP 10,566 885 +1093.9%
FINEP 3,509 3,509 -
Debentures 6,887 17,426 -60.5%
Short Term 34,896 31,268 11.6%
EXIM Pré-Embarque 7,308 16,859 -56.7%
FINAME PSI 8,488 8,424 +0.8%
FINEP 16,082 18,715 -14.1%
Debentures 34,432 40,540 -15.1%
Long Term 66,310 84,538 -21.6%
Total Debt 101,206 115,806 -12.6%
Cash and Cash Equivalents (Current and Non-Current) (217,697) (117,999) +84.5%
Net debt (116,491) (2,193) +5211.9%
-2,193
-116,491
3Q14
-114,298
(+5,212%)
2013
Long Term
(116.491)
(18.228)
(99.698)
Short Cash 3Q14
Term
2013
3.628
(2.193)

8. 8
NET PROFIT IN THE PERIOD (R$ Thousand)
% OF NET INCOME
YTD13
13%
34,247
13%
19,751
12%
3Q13
YTD14
+46,038
(+124.3%)
+14,496
(+73%)
83,088
37,050
9%
3Q14

9. 9
4.19%
Previ
17.48%
12.05%
Banco Clássico
Sul América Expertise FIA
17.46% Banco do Brasil Investimentos
9.94%
Fernando Francisco Brochado Heller
38.88%
Other Minority
Ownership Breakdown
09/30/2014

10. Investor Relations
Olivier Michel Colas Felipe Fontes
Vice-President Executive Officer IR Analyst
THANK YOU !
Tel.: +55 (11) 4873-0302
E-mail: ri.kepler@kepler.com.br
Website: www.kepler.com.br/ri