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. .
3.
4.
5. Steady and predictable cash flows from fully contracted power generation plants . Figures adjusted considering MPX’s stake in each project Notes: 1. TPP Energia Pecém is a partnership between MPX (50%) and EDP (50%); 2 . TPP Maranhão III, IV and V + Free market are partnerships between MPX (70%) and Petra (30%); 3. Capacity Payments are escalated annually by the IPCA inflation index (Figures as September, 2011). CAGR: 73% Minimum Guaranteed Gross Revenues 3 Installed Capacity R$ 551 MM R$ 1,460 MM CAGR: 40% 720 MW 1,558 MW 2,157 MW R$ 1,520 MM R$ 1,286 MM TPP Energia Pecém 1 TPP Itaqui TPP Pec é m II TPP Maranhão IV and V (Bertin)+ Free Market 2 TPP Maranhão III (A-3 Auction ) 2
6. . EPC Progress EPC Progress TPP Energia Pecém (720 MW) TPP Itaqui (365 MW) TPPs Energia Pecém and Itaqui will start-up in 1H2012
7. In 2013, TPP Pecém II and the Parnaíba Thermoelectric Complex also begin to generate power . EPC Progress TPP Pecém II (360 MW) UTE Maranhão IV + V (676 MW) EPC Progress
8.
9.
10.
11. Parnaíba Basin Drilling Campaign Update . Well Block Accumulation Rig Net Pay Status 1 OGX-16 PN-T-68 California QG-1 Devonian: Gas shows, 23m & 25m (column) Concluded 2 OGX-22 PN-T-68 Fazenda São José QG-1 Upper Devonian: 49m Lower Devonian: 47m Concluded 3 OGX-34 PN-T-68 Bom Jesus QG-1 Devonian: 23m Concluded 4 OGX-38 PN-T-68 Fazenda São José BCH-05 Devonian: 43m Concluded 5 OGX-46D PN-T-68 California – D QG-1 Devonian:15m Concluded 6 OGX-51DP PN-T-68 California – 2DP QG-1 Devonian: 8m Concluded 7 OGX-49 PN-T-68 Fazenda São José BCH-05 - Concluded 8 OGX-57 PN-T-68 Fazenda São José - 2 QG-1 - Concluded 9 OGX-59 PN-T-49 Fazenda Torrão BCH-05 Devonian: 9m Concluded 10 GVRX-1D PN-T-68 Gavião Real QG-1 In progress since 9/05 11 OGX-66 PN-T-67 Angical BCH-05 In progress since 10/25
12.
13.
14. MPX is also planning 2D seismic in additional areas to guide expansion plans . 2D SEISMIC Total: 390.78 Km
15.
16.
17. Strategically located in a region with significant pent-up demand for energy and water . Potential demand from miners surpasses 1,500 MW Mining Project MW Region Start-up Ore Developer Casale 266 Atacama 2015 Au - Relincho 230 Atacama 2017 Cu - Xstrata el Morro 170 Atacama 2015 Cu - Caserones 150 Atacama 2013 Cu Endesa Pascua Lama 115 Atacama 2013 Au Guacolda MMX 100 Atacama 2014 H - Marte Lobo 82 Atacama 2015 Cu - Enami Delta Pan de Azucar 7 Coquimbo 2012 Cu - Codelco Ventanas 70 Valparaiso 2014 Cu Gener Expansión Andina 20 Valparaiso 2014 Cu Colbun Tres Valle 14 Valparaiso 2012 Cu Pacific Hydro Expansión El Soldado 11 Valparaiso 2012 Cu Colbun Los Bronces 95 Metropolitana 2012 Cu Colbun Codelco Teniente (Nuevo Nivel) 200 O´Higgiins 2015 Cu Colbun
