2. Disclaimer
The material that follows is a presentation of general background information about MPX Energia S.A. and its subsidiaries
(collectively, “MPX” or the “Company”) 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 presentation may contain certain forward-looking statements and information relating to MPX that reflect the current views
and/or expectations of the Company and its management with respect to its performance, 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 “may”, “plan”, “believe”, “anticipate”, “expect”, “envisages”, “will likely
result”, 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 the Company, any of its
affiliates, directors, officers, agents or employees nor any of the placement agents 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.
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.
Recipients of this presentation are not to construe the contents of this summary as legal, tax or investment advice and recipients
should consult their own advisors in this regard.
The market and competitive position data, including market forecasts, used throughout this presentation were obtained from
internal surveys, market research, publicly available information and industry publications. Although we have no reason to believe
that any of this information or these reports are inaccurate in any material respect, we have not independently verified the
competitive position, market share, market size, market growth or other data provided by third parties or by industry or other
publications. MPX, the placement agents and the underwriters do not make any representation as to the accuracy of such
information.
This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or
in part without MPX’s prior written consent.
2
3. MPX Energia: Recent History
Parnaíba: 1.7 Tcf of
natural gas
contingent
resources certified
LT financing Pecém
and Itaqui : 1st
disbursement
Agreement
with Evonik
signed
1Q10
Construction
MPX Colombia:
276 avgMW works at
Business Plan for
from Pecém Pecém II begin
4Q09 20 Mty integrated
II sold in the mining system
A-5 auction
1.7 billion tons
Construction 3Q09 in potential coal
IPO: works at resources
Acquisition of
USD 1.1 billion Pecém begin
Acquisition participating
623 avgMW of mining 2Q09 interest in
from Pecém rights in Parnaiba Basin
and Itaqui Colombia 1Q09
sold in the MPX
A-5 auction Construction Colombia: 1st
3Q08
works at Itaqui resource
begin report
1Q08
4Q07
4. Power plants under construction
Installed
Energy sold
Capacity Term of PPA EPC progress1 Start-up date
(avgMW)
(MW)
Jan 2012- Jul 2011/Oct
Energia Pecém * 720 615 69,9%
Dec 2027 2011
Jan 2013-
MPX Pecém II 365 276 54,5% Jun 2012
Dec 2028
Jan 2012-
MPX Itaqui 360 315 68,2% Oct 2011
Dec 2027
* Energia Pecém is a 50/50 partnership between MPX and EDP.
1May/10.
MPX Itaqui Energia Pecém MPX Pecém II
4
10. Greenfield power generation projects
MPX Parnaíba power generation system
Licensing: Environmental Impact Study for up to 1,863 MW filed and
Public Hearing completed
Engineering project designed to accomodate different technology
configurations (combined/open cycle and engines)
Drilling in the Capinzal block started: results expected in Sep/10
MPX Sul
MoU for EPC contract signed
Energy can be sold in free market or 2010 A-5 auction
10,000 MW licensed by end of 2010
MPX Açu: 2,100 (coal) + 3,300 (gas)
MPX Parnaíba: 1,863 MW (gas)
MPX Sul: 600 MW (domestic coal)
MPX Chile: 2,100 MW (coal)
11. MPX Colombia: Integrated Mining System
World-Class Mining Assets + Efficient
Logistics
0.7 Mty *
1.7 billion tons in potencial coal resources
3 open-cast and 1 underground mine Estimated coal
demand from 2.0 Mty *
Production Output Ramp-up in current concessions (Mty)
MPX’s power
plants
3.5 Mty *
5.4 Mty **
An additional 5 Mty should come from new areas in La
Guajira and other Departments Mty: MM tons/year
* 65% Dispatch
** 90% Dispatch
11
12. MPX Colombia - Uses & Sources
Coal Production Ramp-up Stage 1+ 2
STAGE 1+2
16.0 15.0
13.5
Certified and potential resources 14.0
12.0
12.0
Underground mining in San Juan 10.0
10.0
8.0
Railroad capacity: 15 Mty
Mty
8.0 6.4
6.0 4.9
Port capacity: 15 Mty
4.0 3.3
1.7
2.0 0.5
-
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Equity Needs* and Capex Disbursement Curve
385
400
USD 1.709 M 350
Total Capex
300 273
Debt 1 USD 1.234 M 250 216 232
USD M
201
200 172
Cash Generation USD 220 M
150 116
Total Equity USD 254 M 100 83
63 63
57
32 41
50 9 23
(1) Considers Equity/Debt ratio of 30/70 for mining
and 25/75 for infrastructure investments. 0
2010 2011 2012 2013 2014 2015 2016 2017 2018
Equity Capex
(*) Excluding cash generation reinvested
12
13. MPX Colombia – next steps
MPX Port
Presentation of project to local communities underway
Environmental Impact Study underway
ERM-Environmental Resources Management acting as consultant to MPX
Filing foreseen for 2H10
Environmental license foreseen for 1H11
Open-cast mines
Mining plan underway
Environmental Impact Study underway
Filing foreseen for 2H10
Underground mine
6 boreholes to be carried out until year-end
