2. Disclaimer
The material that follows is a confidential presentation of general background information about OSX Brasil S.A. and its subsidiaries (collectively, “OSX”) as of
the date of the presentation. It is information in summary form and does not purport to be complete. No representation or warranty, express or implied, is made
concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of this information.
This confidential presentation may contain certain forward-looking statements and information relating to OSX that reflect the current views and/or expectations
of OSX and its management with respect to its business and future events. Forward looking statements include, without limitation, any statement that may
predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “anticipate”, “believe”, “estimate”, “expect”,
“forecast”, “plan”, “predict”, “project”, “target” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties
and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations,
estimates and intentions expressed in this presentation. In no event, neither OSX nor any of its affiliates, directors, officers, agents or employees, nor any of the
placement agents or underwriters, shall be liable before any third party (including investors) for any investment or business decision made or action taken in
reliance on the information and statements contained in this presentation or for any consequential, special or similar damages.
All forward-looking statements in this presentation are based on information and data available as of the date they were made, and OSX undertakes no
obligation to update them in light of new information or future developments. This presentation and its contents are proprietary information and may not be
reproduced or otherwise disseminated in whole or in part without OSX’s prior written consent.
Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the United States Securities Act of 1933,
as amended. Any offering of securities to be made in the United States will be made solely by means of a confidential offering circular that may be obtained from
the placement agents or the underwriters. Such confidential offering circular will contain detailed information about OSX and its business. This presentation
does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained
herein shall form the basis of any contract or commitment whatsoever.
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3. Rationale
The Macro-Drainage Plan for the "Baixada Campista" Region was approved by the Rio de Janeiro’s State
Government on March 31st, 2010.
The Plan comprises the new Campos-Açu Channel, which will flow into the sea through the Açu Superport
Industrial Complex, allowing the implementation of a shipyard along its margin.
The Government of Rio de Janeiro emphasized its invitation for OSX to install its shipyard in the region,
creating up to 10,000 new jobs in the operational stage and 3,500 jobs in the construction stage.
OSX and LLX realized pre-feasibility studies for the implementation of the Açu Shipyard, and the
conceptual layout has already been approved by Hyundai Heavy Industries Co. Ltd.
OSX has initiated the environmental licensing process for the implementation of the Açu Shipyard at the
competent environmental licensing agency in the Rio de Janeiro State.
The area for the Açu Shipyard has 320 hectares, with initial annual production capacity of approximately
180,000 ton/year of steel plates and 220,000 ton/year of integration.
This alternative does not represent a material budgetary change for OSX and the installation license is
estimated to be issued until April 2011.
The Açu Industrial Complex offers to the Açu Shipyard access to an integrated supply chain, including
steel mills, metal-mechanic companies and other shipbuilding suppliers and service providers.
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5. Shipyard Overall Layout
US$ 1.7 bn investment
Steel processing of 180,000 ton/year and assembly of 220,000 ton/year
Up to 3,525 m water front (2,400 m on first phase)
Conceptual design approved by Hyundai Heavy Industries
Atlantic
Ocean
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6. Shipyard Overall Budget (preliminary)
USD (MM) Total LLX OSX
Common Infrastructure 448 219 229
Investigation and Engineering 31 15 16
Civil Works 416 204 212
Offshore Dredging (854k m3) 111 55 56
Onshore Dredging (13,000k m3) 41 20 21
Break Water (2,300k m3) 264 129 135
Pre eng. costs + environmental 74 - 74
Civil works 447 - 447
Onshore Dredging (10,500k m3) 90 - 90
Quay (2,270 m) 262 - 262
Back area embankment (6,000k m3) 21 - 21
Site camp facility and management 74 - 74
Shipyard structure 544 - 544
Buildings 265 - 265
Dry Dock 133 - 133
Roads and Paving 146 - 146
Equipment and others 420 - 420
Total 1,933 219 1,714
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7. Shipyard Licensing Timeline (expected)
Reference Term June 2010
EIA filling August 2010
Public hearings November 2010
Preliminary License December 2010
Installation License April 2011
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8. The EBX Way
“A construction “A unique “Our combined
“We have
slot in OSX’s sheltered location talent pool has “10 years of
“Insatiable billion dollar
shipyard is along 8.5 managed more continuous
quest towards project
worth more thousand km of than 50.000 growth”
perfection” execution
than gold” coast in Brazil” people” (Eike Batista)
(Eike Batista)
(Roberto Monteiro) (Luiz Carneiro)
capability”
(Eduardo Musa) (Eduardo Musa)
“The largest “The largest “Unique and non
shipyard in the order book in replicable business
“We have model”
Americas” the world”
(Roberto Monteiro) always over (Luiz Carneiro) (Luiz Arthur)
delivered”
(Eike Batista)
“OSX 1
“Full alignment
“Asian accelerates the
“OGX of interests with
performance will beginning of
commitment “it’s all about 100% arm’s
be reached in 2 OGX’s
with national location, length basis”
years” (Paulo Gouvea) production”
content” “Synergies location, (Paulo Mendonca)
(Luiz Carneiro)
(Paulo Mendonca) location”
across the EBX
(Eike Batista)
Group will be
always “We made
captured” history in OGX
“Its all about “Our assets are
“We love (Ricardo Fonseca) and will be
reality” made to last one
transparency!” “Unique business making it again
(Eike Batista) (Flavio Godinho) hundred years”
dynamics” in OSX” (Alex Caminha)
(Leonardo Moretzsohn) (Flavio Godinho)
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