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
4. A PROVEN RECORD OF ACHIEVEMENT
2013
2012
Aneel approves
2011 MPX/E.ON partnership changes in the
TPP Parnaíba licensed Acquisition of implementation
capacity increased to Greenfield Wind schedule for the
3,722 MW Projects in Northeast TPPs Parnaíba I and
Brazil (600 MW) Pecém
Power supply
2010 contracts secured for Drill-stem test in well OGX Maranhão
1,193 MW and OGX-88 (Bom Jesus) declares
License
construction works at concluded with 36 Commerciality of the
granted for
TPP Parnaíba begin Bom Jesus
2009 TPP Parnaiba
meters of net pay,
supporting future Accumulation in the
(1,863 MW) D&M estimates for
2008 Construction
works at TPPs risked resources in development Parnaíba Basin
Initiation of
2007 365 MW Itaqui and Pecém drilling
the Parnaíba basin MPX included in the Beginning of
contracted in II begin amount to over 11Tcf MSCI commercial
IPO: US$ 1.1 campaign in
the A-5 operations of TPPs
billion raised Acquisition of the Parnaíba Declaration of Beginning of
Auction Itaqui (360 MW) and
interest in 7 Basin commerciality for 2 commercial operations
1,080 MW Parnaíba I - turbines
Construction onshore gas fields with of the first turbine at
contracted in 1 and 2 (338 MW)
works at TPP exploratory blocks estimated production Pecém I (360 MW)
the A-5 of 6 MM m3/day
Pecém I begin in the Parnaíba
Auction
Basin
4
5. A DIVERSIFIED ENERGY COMPANY
Largest Portfolio Of Power Generation Projects In South America
Power agreements secured for 3 GW
Amapari Energia
23 MW (Discos = 2.6 GW + Free mkt = 0.4 GW)
Natural Gas Itaqui
Exploratory blocks 360 MW
Pecém I
11 Tcf 720 MW Environmental license for an additional
Parnaíba Pecém II 10 GW
1,556 MW 365 MW
Parnaíba
2,166 MW Ventos Wind Complex
600 MW + 600 MW Natural Gas E&P integrated to power
Solar Tauá generation: >11 Tcf of risked gas
1 MW
Açu
resources in the Parnaiba Basin
2,100 MW – Coal
Chile 3,300 MW – Natural Gas
TBD
Sul Seival mine Joint-Venture with leading global player
727 MW
E.ON AG
Seival MPX
600 MW
Joint-Venture w/ E.ON
5
6. MPX OWNERSHIP STRUCTURE
Free Float Eike Batista
34.3% 53.9% 11.7% 50%
50% MPX Participações
50% 100% 100% 51% 100% 100% 100%
35% 35%
Pecém I Pecém II Amapari Parnaíba Supply & Ventos
Itaqui TPP Tauá Solar
TPP TPP Energia (expansion) Trading Wind
70% 70% 33% 70% 50% 50%
Açu TPPs
Parnaíba I Parnaíba II OGX Seival
OCGT CCGT Maranhão Coal Mine
50% Sul & Seival 50%
70% TPPs
Natural gas
50% 50%
exploratory Castilla TPP
blocks in the
Parnaíba
Basin
6
8. INVESTMENT HIGHLIGHTS
Exposure to Brazil’s growing energy demand
Tax-advantaged thermal power plants coming on-line
Attractive monetization of natural gas resources
Exposure to Brazil’s growing energy demand
Robust pipeline of thermal projects to meet Brazil’s need for a more
reliable electric system
Joint-venture with E.ON to develop strong portfolio of energy assets and
accelerate growth
Experienced management team to execute on strategic vision 8
10. POWER AGREEMENTS SECURED FOR 3 GW
Minimum guaranteed revenues will reach R$ 1.4 billion in 2014
POWER PLANTS IN OPERATION
Total Capacity Energy Sold Annual Capacity Payment
Regulated Market COD
(MW) (Avg MW) (R$ MM/year)
Pecém I (1st turbine) 360 307.5 283.6 12/01/2012
Itaqui 360 315 299.8 02/05/2013
Parnaíba I (1st turbine) 169 112.5 105.3 02/01/2013
Parnaíba I (2nd turbine) 169 112.5 105.3 02/20/2013
TOTAL 1,058 847.5 794.0
MPX and MMX signed an energy supply contract for 200 average MW, from January 2019 until May 2029, at a base price of
R$ 125/ MWh (as of May 2011).
Note 1. Adjusted Capacity, Energy Sold and Annual Capacity Payment: Figures considering 100% of the project
Note 2. Capacity Payments are indexed to the IPCA inflation index (Figures as of October, 2012) 10
11. POWER AGREEMENTS SECURED FOR 3 GW
Minimum guaranteed revenues will reach R$ 1.4 billion in 2014
POWER PLANTS UNDER CONSTRUCTION
Annual Capacity
Total Capacity Energy Sold COD
Regulated Market Payment
(MW) (Avg MW) (Expected)
(R$ MM/year)
Pecém I (2nd turbine) 360 307.5 283.6 1Q13
Pecém II 365 276 269.2 2Q13
Parnaíba I (3rd and 4th turbines) 338 225 210.6 1Q13
Parnaíba I (5th turbine) 176 98 93.5 2Q13
Parnaíba II 517 450 353.1 4Q13
TOTAL 1,756 1,356.5 1,210.0
MILESTONES LEADING TO COMMERCIAL OPERATIONS
Pecém I (2nd turbine): electrical tests first synchronization electrical load tests COD
Pecém II: steam blowing reinstatement by-pass operation steam to turbine electrical tests first synchronization
electrical load tests COD
Parnaíba I: turbines 3 and 4 are in the final stages of electromechanical assembly
Parnaíba II: turbines 1 and 2, already at the site, are currently in the mechanical construction stage
Figures reflect 100% of the projects. 11
16. MPX OWNS 23% OF A UNIQUE ONSHORE NATURAL
GAS PORTFOLIO
Ownership Structure:
OGX Maranhão
Blocks
Total area:
24,500 km²
Gas Production at Gavião Real field started in Nov, 2012 through
the commissioning of the GTU (Gas Treatment Unit)
Estimated production capacity in 2013: 7.5 MM m³/day
Declaration of Commerciality of the Bom Jesus accumulation
(Gavião Branco gas field) presented to ANP in Jan, 2013
Total estimated volume in place between 0.2 and 0.5 Tcf of gas
Exploratory campaign has identified 4 accumulations and over 20
prospects
16
17. ATTRACTIVE OPPORTUNITIES TO MONETIZE
ADDITIONAL PRODUCTION
Efficient Integration of Natural Gas Resources with Power Generation
2.5 GW licensed and still
uncontracted could demand further
12 MM m3/day
Inexpensive connection to the
electrical grid
Limited competition in gas-fueled
power generation
Tax-advantaged region can attract
industrial investments when gas is
available
17
20. BRAZIL WILL NEED ADDITIONAL 7.5 AVG GW UNTIL
2020
Power Supply/Demand
Energy Deficit starting in 2017 = Investment Opportunities
2017-on: new generation required
~7.5 GWavg required until 2020
Sources: ONS, ANEEL 20
21. BRAZIL NEEDS NEW THERMAL CAPACITY TO
INCREASE SUPPLY RELIABILITY
Water storage capacity has stagnated, leading to decreased system autonomy
Storage Capacity (Southeast) Autonomy = [Storage Capacity / (Load – Thermal Generation)]
Actual
Reservoir
Autonomy:
~ 5 months
Storage
capacity
stagnation 2001: Energy
Deficit
(load reduction)
Storage Capacity (SIN):
Southeast = 70% Northeast = 18% New thermal plants are necessary to guarantee
South = 7% North = 5% a reliable power supply.
Source: ONS 21
23. FUTURE GROWTH OPPORTUNITIES
MPX is positioned for leadership in the Brazilian energy market
Parnaíba GT: Key competitive advantage
through the integration of natural gas Ventos Wind
production and power generation in a tax- Complex
600 MW + 600 MW
advantaged region
Ventos Wind: High-quality greenfield assets in Parnaíba
2,166 MW
one of Brazil’s best wind resource areas
Solar Tauá
1 MW
Castilla
Açu: Studies underway to assess installation of TBD Açu
2,100 MW – Coal
regasification terminal at the port 3,300 MW – Natural Gas
Sul
727 MW
Seival
MPX Sul + Seival: low generation cost in a 600 MW
region with limited hydro potential and
transmission constraints 23
24. VENTOS: A 600 MW WIND COMPLEX IN ONE OF
BRAZIL’S BEST WIND RESOURCE AREAS
High-quality greenfield assets in northeast Brazil
Total Capacity: 600 MW + call option on
additional 600 MW
João
Estimated Load Factor: 48% (P50)
Câmara
Location: Rio Grande do Norte, NE Brazil
RN
Grid connection 30 km from Complex
All land rights secured
Environmental license granted
24
25. AÇU: A 5.4 GW GREENFIELD GENERATION COMPLEX
3.3 GW in gas-fired + 2.1 GW in coal-fired capacity located in
Brazil’s load center
Located in one of the most important port-
industrial complex in Latin America
Total capacity of 5,400 MW
Coal: 2,100 MW
Natural Gas: 3,300 MW
Located 150km from natural gas accumulations
discovered in the Campos Basin
Studies underway to assess installation of
regasification terminal at the port
25
26. SUL + SEIVAL: 1.3 GW INTEGRATED TO A
LIGNITE MINE
Open-pit mine with low mining costs, located adjacent to the power plants,
resulting in competitive fuel costs
MPX Sul and MPX Seival:
Capacity: 727 MW + 600 MW
Fluidized Coal Bed technology
Lower emissions resulting from the mix
burning of coal and wood chips
Seival Mine:
Partnership between MPX and Copelmi –
one of Brazil’s largest coal miner
Operating License granted
152 MM tons in proven reserves and 459
MM tons in total resources
Located in a region with limited hydro
potential and transmission constraints.
26
28. INDEBTEDNESS
Debt Profile
R$ billion Dec/12 Sep/12
Gross Debt (R$ MM) 6.0 5.6
37% 32%
Net Debt (R$ MM) 5.4 4.6
Short Term
Average Cost (%) 8.7 8.7 63% 68%
Long Term
Average Tenure (years) 5.1 5.1
Sep/12 Dec/12
Debt Maturity Profile (R$ million) 3,189.2
R$ 724.6 million refer to outstanding bridge-
loans to Parnaíba I & II power plants -> to be
1,915.4
paid-off with draw down from long-term
financing.
R$ 234.3 million refer to debt amortization for 593.9
333.1 315.4 314.3
Pecém I, II and Itaqui -> amounts to be
amortized in 2013, with the beginning of Cash & Cash 2013 2014 2015 2016 From 2017 on
commercial operation and end of grace Equivalents
periods 28
Note: Values incorporate principal + capitalized interest + charges and exclude outstanding convertible debentures.
29. For more information, contact:
Investor Relations
(55 21) 2163-9215
ri.mpx@mpx.com.br
