2. 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
Antonio Castello Branco – Manager
Tel. 55 21 2555-5661
ri@llx.com.br
2
4. EBX´s publicly held companies
LLX was created in March 2007, to
provide logistic services through the
Mkt Cap development of major port systems in
US$ 3.2 bn
the Southeast region of Brazil.
Its main strengths are:
Mkt Cap Mkt Cap
US$ 37.5 bn US$ 4.0 bn
Strategic locations and large back-areas;
Mkt Cap EBX Group*
US$ 50.2 bn Integration with existing rail and road
infrastructure;
Low cost operational model (private terminals);
Long term contracts and synergies generated
Mkt Cap Mkt Cap within the EBX Group;
US$ 2.1 bn US$ 3.4 bn
Experienced management team;
Secured Debt Financing Sources;
*As of November 30th 2010 Social and Environmental Responsibility
*R$/USD – 1,71
4
5. LLX post spin off: focus on Açu Superport
Controlling
Shareholder + Other Minority Shareholders
54% / 68% 18% / 13% 3% / 2% 25% / 17%
PORT X
51% 70% 100%
MMX LLX LLX LLX
Minas-Rio Minas-Rio Açu Sudeste
30%
100% 49% PORT X
Centennial
Açu Superport
5
6. Experienced Management Team
Officer Experience
Eike Fuhrken Batista
– Founder and CEO of EBX, entrepreneurial conglomerate founded in 1983
Chairman and Founder
– Economist and MBA from Fundação Dom Cabral.
Otávio Lazcano – 11 years of experience at CSN (Companhia Siderúrgica Nacional)
– Former CFO and IRO of CSN
CEO – 4 years at Aracruz
– Civil Engineer from from Pontifícia Universidade Católica of Rio de Janeiro and is a Chartered
Leonardo Pimenta Gadelha Financial Analyst (CFA) since 2003.
– Former CFO of Log-In Logística Intermodal (spin-off and IPO).
Chief Financial Officer
– 5 years at Vale: corporate governance department and M&A area (Caemi and INCO deals).
– Mechanical Engineer (UFES) and MBA in COPPEAD/UFRJ
José Salomão – 23 years of experience in the design, implementation and operation of port terminals (iron ore,
coal, pig iron, fertilizers, agricultural baul, containers and general cargo).
Chief Development Officer – Held executive positions in Porto de Tubarão, Porto de Praia Mole, TVV, Pasha Terminal – Los
Angeles, Docenave and Brasil Ferrovias.
– Civil Engineer (UGF/RJ) and MBA from FGV/RJ. Project Management (PMI) certificate from
Luis Alfredo Osório de Castro FIA/USP.
Chief Implementation Officer – 30 years experience in implementing infrastructure projects (urban projects and port terminals);
power plants and industrial facilities at Pronil, OAS and Brascan.
Claudio Lampert – Law Degree from UERJ and LLM from University of Miami.
– 15 years experience in structuring and development of several mining, power and other infra-
Chief Legal Officer structure related projects in Brazil as a partner of Veirano Advogados.
6
8. LLX: Innovating Port´s Infrastructure
LLX´s Port-Industry Complex: world-class logistic solutions
A Typical Brazilian Port LLX: Açu Superport
Industrial Area
Industrial Area
Industrial District concept under develpoment
Industrial District concept under develpoment
No area for port growth Açu Industrial Complex: 90 Km2
Logistic bottlenecks Environmental Reserve: 50Km2
8
9. LLX : Unclogging Brazil´s Logistics
LLX´s Ports: reinforcing Brazil´s capesize capacity and beyond
Amazon
River
Itaquí
Manaus Fortaleza
Suapé
Salvador
Vitória
Rio de Janeiro
Santos
Paranaguá
São Francisco do Sul
Rio Grande
80% of the Brazilian population lives Only 7% of Brazilian Ports are able to receive capesize vessels*.
within 200 km (124 miles) of the coast
Source : (*) CEL/COPPEAD 2008 – vol 1 and Port Sites 9
10. LLX´s Business Model
LLX is signing long term agreements with industry leaders guaranteing
a steady cashflow and dividends to shareholders
Company Services Rendered Revende Model
LLX Minas Rio Take or Pay long-term contract (25
Iron Ore handling years) with Anglo.
Initial ore shipment July 2013.
Expected revenues of US$ 190
million.
LLX Açu Multi product handling Tariffs negotiated to ensure a
(Steel,Coal,Liquid & Dry minimum 15% py IRR to firm in US$
Bulk,General Cargo) ; Land (under Long Term contracts)
Lease and Services & Utilities unleveraged.
10
12. Açu Superport – Highlights
The largest investment in port development in Latin America, with state-of-the-art
facilities: more than R$ 3.4 billion investment in port infrastructure;
Brings the concept of Port – Industry integration in a very large scale : 90 Km2
Anchored on a long-term Take or Pay contract to ship Anglo American’s Minas Rio
iron ore, generating in it’s first phase US$ 190 million per year;
More than 60 contracts and MoUs signed with companies from sectors such as:
Oil and Gas;
Steelmaking ( Ternium, Wuhan);
Metal Mechanic;
Power generation ( MPX);
Dry & Liquid Bulk Handling;
Cement (Votorantim , Camargo Correa);
Automotive;
Offshore Industries ( Acergy, Technip);
General Cargo & Services.
Total investments in Açu Industrial District would reach more than USD 36 billion
12
13. Açu Industrial Complex
A new cluster for the offshore and heavy industry
Açu Industrial Manhattan
Complex Island
90 Km2 Industrial Complex (larger than Manhattan Island)
Industrial Complex concept under development
14. Açu Superport
Unique location and logistic integration to main railway and highway network
A Complete Logistic Corridor
LOGISTICS CORRIDOR
BR 101 to be duplicated
A 45 km new railway track will connect Açu
Superport to the railway and Campos within
a multimodal Logistic Corridor
14
15. Açu Superport
A One Stop Shop for the Oil & Gas Industry
Ubu
Consolidation and
VLCC/
Onshore Storage :
Chinamax
Tankers 1.2 million bpd
Storage &
Treatment For Export &
Coastal Shipping
FPSO
OIL COMPANIES
Macaé
Small Tankers
Shuttle
Campos Basin
85% of Brazil Oil
Production
FPSO
15
16. Açu Superport
Oil Treatment Facility
For 800,000 bpd
FPSOs
(+)
Desalting Blending Dewatering
Oil Treatment
Investment of
Facility US$ 1.45 billion
Business opportunity with
a leveraged IRR > 70% py
Oil Export VLCCs
Source : Verax Feasibility Study as of March 2010 16
19. Açu Superport
Under construction and attracting Oil & Gas and Offshore players
Açu Superport construction started in October/2007
OIL
IRON ORE
OIL
19
20. Açu Superport
Main activities
CAPEX ( for projects @ 100% )
LLX Minas-Rio: R$ 1.0 billion
LLX Açu (Non Ore): R$ 2.4 billion
Iron Ore: Oil Real Estate Steel Products
Up to 60 mtpy Industrial Areas Rental
Up to 46.4 Mm3 py Up to 10.2 mtpy
Coal Pig Iron Slag Granite
Up to 12.6 mtpy Up to 2.0 mtpy Up to 2.0 mtpy Up to 1.0 mtpy
Source : Verax Feasibility Study as of March 2010 20
21. Açu Superport
Milestones
Açu Superport Construction on Track
2H13
1H06 2H06 1H07 2H07 2008 2009 2010 2011 1H12 2H12 1H13 2H13
Project Construction Construction Under Under Under Under Under
LLX Minas-Rio
Construction Construction Construction Construction Start Up
detailing License begins Construction
Environmental ANTAQ
License Authorization
Project Offshore Onshore
Construction Environmental
LLX AÇU
Detailing
License License
Offshore ANTAQ Onshore Under
EnvironmentalAuthorization Construction
Construction begins Construction Start Up
License License
Development
Construction
Operations
