The document provides an overview of Arezzo&Co's financial and operating results for 1Q13. - Net revenue increased 24.6% to R$201 million, with net profit reaching R$19.4 million, up 78.5% compared to 1Q12. - EBITDA totaled R$28.6 million, an increase of 95.2% over 1Q12, with an EBITDA margin of 14.2%. - The company generated R$34.4 million in operating cash in 1Q13 due to higher operational profit.

1. | Apresentação do Roadshow
1
Conference Call
1Q13

2. Disclaimer
Information contained in this document may include forward-looking statements and reflect Management’s current view
and estimates of the evolution of the macroeconomic environment, industry conditions, Company’s performance and
financial results. Any statements, expectations, capabilities, plans and assumptions contained in this document, which do
not describe historical facts, such as information about declaration of dividend payment, future direction of operations,
implementation of relevant operating and financial strategies, investment program and factors or trends affecting the
financial condition, liquidity or results of operations, are forward-looking statements, as set forth in the “U.S. Private
Securities Litigation Reform Act of 1995”, and involve several risks and uncertainties. There is no guarantee that these
results will occur. Forward-looking statements are based on several factors and expectations, including economic and
market conditions, industry competitiveness and operational factors. Any changes in such expectations and factors may
cause actual results to differ from current expectations.
The Company’s consolidated financial statements presented herein are in accordance with the International Financial
Reporting Standards - IFRS, issued by the International Accounting Standards Board - IASB, based on the audited
financial statements. Non-financial information and other operating information have not been subject to an audit by
independent auditors.
2

3. 3
Net revenue increased 24.6% in 1Q13 over 1Q12, reaching R$ 201.0 million;Net Revenue
1Q13 net profit reached R$19.4 million, 78.5% increase compared with 1Q12 and with 9.6%
margin. Without the non-recurring effect in the 1Q12, net profit would have increased 20.0%;
Net Profit
Gross profit reached R$ 89.4 million, 33.1% growth over 1Q12 and 44.5% margin in 1Q13;Gross Profit
EBITDA totaled R$ 28.6 million, increasing 95.2% over 1Q12, with 14.2% EBITDA margin.
Excluding the non-recurring effect in the 1Q12, EBITDA would have increased 26.3%;
EBITDA
1Q13 Highlights

4. Arezzo&Co’s gross revenues increased 23.3% in the quarter. In special, Schutz brand gross
revenue increased 25.2% in domestic market, leveraged by the opening and enlargement of 32
stores in the last 12 months.
4
201.3 241.5
7.5
15.9
1Q12 1Q13
20.0%
110.9%
208.8
257.5
23.3%
Company Growth
Gross Revenues – Domestic and Export Market (R$ million)
Domestic Market Exports Market Arezzo Schutz Other brands¹
130.2
150.7
63.1
79.0
8.0
11.8
1Q12 1Q13
201.3
241.5
15.7%
25.2%
20.0%
Gross Revenues by brand – Domestic Market (R$ million)
1) Other: Alexandre Birman’s and Anacapri’s Gross Revenue: growth of 48.1% in 1Q13.

5. Sales increased in all channels, particularly Owned Stores, with 38.1% in 1Q13. Franchises opened
43 stores and SSS sell in increased 8.3% in the quarter.
5
na
6.5%
6.7%
8.3%
97.6 116.9
44.5
61.4
55.7
60.03.5
3.3
1Q12 1Q13
19.8%
7.6%
20.0%
38.1%
201.3
241.5
Gross Revenue Breakdown by Channel –
Domestic Market
Gross Revenue by channel – Domestic Market (R$ million)
Franchise Multi-brand Owned Stores Others¹
SSS Sell-out (owned stores + franchise )
SSS Sell-in (franchises)
1) Other: decreasing of 7.9% in 1Q13.

6. Company enlarged the Arezzo brand store at Iguatemi Mall in São Paulo, presenting a new store
design project, with the name of Contemporary.
6
252 274 299
343
22
29
46
5715.8
18.0
22.1
26.7
1Q10 1Q11 1Q12 1Q13
+55
345
400
274
303 +42
+29
20.7%
14.2%
22.6%
Distribution Channel Expansion
Owned Stores and Franchises Expansion
Franchises Owned Stores Total sq m
1,546Multi Brands ²
Owned Stores ¹ 19
Franchises 320
963
Franchises
Owned Stores ¹
23
28
2
8
Multi Brands ²
Owned Stores
865
Multi Brands ² 7
Owned Stores
Multi Brands ²
Owned Stores ¹ 19
Franchises
Franchises
Owned Stores ¹
23
28
2
8
Multi Brands ²
Owned Stores
Multi Brands ²
Owned Stores
Multi Brands ²
Note: area given in thousand square meter
1) Includes 5 outlets with total area of 1,227 sq m
2) Domestic Market

7. In 1Q13, gross margin expanded 2.9 p.p. EBITDA in 1Q13 totaled R$28.6 million, growth of 95.2%
over 1Q12. Excluding the non-recurring effect of 1Q12, EBITDA in 1Q13 would have been up 26.3%
over 1Q12.
7
14.7
28.6
14.0%
1Q12 1Q13
8.0
22.7
14.2%
26.3%
Gross Profit and EBITDA
Gross Profit (R$ million) EBITDA (R$ million)
67.2
89.4
1Q12 1Q13
33.1%
44.5%
41.6%
Gross Profit Gross Margin EBITDA EBITDA Margin

8. Net income in 1Q13 was R$19.4 million and presented an increase of 78.5% over 1Q12. Without
the non-recurring impact of 1Q12, net income for the quarter would have increased 20.0%.
8
9.6%
5.3
10.9
1Q12 1Q13
20.0%
19.4
16.1
10.0%
Net Income
Net Income (R$ million)
Net Income Net Margin

9. 9
Arezzo&Co generated R$34.4 million of operating cash in 1Q13, due to a higher operational profit in
the quarter.
Cash Generation
Operating Cash Generation (R$ thousand)
Income before income tax and social contribution 15,636 28,091 79.7%
Depreciation and amortization 1,417 2,585 82.4%
Other (4,129) (818) -80.2%
Decrease (increase) in current assets / liabilities 9,975 7,899 -20.8%
Trade accounts receivables 5,994 (2,374) n/a
Inventories (8,579) (11,474) 33.7%
Suppliers 18,840 33,513 77.9%
Change in other current assets and liabilities (6,280) (11,766) 87.4%
Change in other noncurrent assets and liabilities (700) 338 n/a
Payment of income tax and social contribution - (3,663) n/a
Net cash flow generated by operational activities 22,199 34,432 55.1%
1Q13Operating Cash Flow 1Q12 Var. (%)

10. In 1Q13, the Company invested R$ 11.2 million, of which R$ 8.0 million were mainly related to IT
systems.
10
Indebtedness (R$ million)
13.6
2.4
3.6
8.0
0.2
1Q12 1Q13
17.3
0.8
11.2
-35.2%
Stores Corporate Others¹
Capital Expenditure (CAPEX) and
Indebtedness
1) Other: Increase of 291.1% in 1Q13.
CAPEX (R$ million)
Cash, cash equivalents and financial
investments
166,741 202,154 213,306
Total debt 30,844 94,084 87,880
Short term 14,059 42,843 41,226
% total debt 45.6% 45.5% 46.9%
Long-term 16,785 51,241 46,654
% total debt 54.4% 54.5% 53.1%
Net debt (135,897) (108,070) (125,426)
Cash position and
Indebtedness
1Q12 4Q12 1Q13

11. Contacts
Thiago Borges
Leonardo Pontes dos Reis, CFA
Phone: +55 11 2132-4300
ri@arezzoco.com.br
www.arezzoco.com.br
CFO and Investor Relations Officer
IR Manager