Forjas Taurus S.A. is a leading Brazilian manufacturer of defense, security, and industrial products. It produces handguns, motorcycle helmets, bulletproof vests, machine tools, and other items. The company operates production facilities in Brazil and the United States, and exports many of its products internationally. Forjas Taurus S.A. aims to grow through cost efficiency, economies of scale, and expanding into new markets and product segments.

1. Forjas Taurus S.A.

2. Disclaimer
“This presentation contains, or may be deemed to contain, “forward-looking statements” (as
defined in the U.S. Private Securities Litigation Reform Act of 1995). By their nature, forward-
looking statements involve risks and uncertainties because they relate to events and depend
on circumstances that may or may not occur in the future. Such information is not merely
based on historical fact but also reflects management’s objectives and expectations. The
words "anticipate", “wish", "expect", “foresee", “intend", "plan", "predict", “forecast", “aim" and
similar words, written and/or spoken, are intended to identify affirmations which, necessarily,
involve known and unknown risks.
Known risks include uncertainties which include, but are not limited to, interest rates, product
competition, market acceptance of products, the actions of competitors, regulatory approval,
currency type and fluctuations and monetary policy, among others.
This presentation is based on events up to December 31, 2008 and Forjas Taurus S.A. is not
obligated to update the contents in light of new information and/or future events.
The future results of the issuer may vary from the results expressed in, or implied by, the
following forward-looking statements, possibly to a material degree.
Forjas Taurus S.A. takes no responsibility for transactions or investment decisions made on the
basis of information contained in this presentation.”
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3. Executive Summary
 The objective of this presentation is to show the general overview of the
Company, markets, actual situation, growth and diversification strategies
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4. Shareholding Structure
Polimetal Participações S.A. is the controlling shareholder of Taurus
Estate of Carlos
Luis Fernando
Alberto Paranhos
Costa Estima
Murgel
66,67% 33,33%
Polinvest
Polimetal
Participações e Others
Participações S.A.
Repres. Ltda.
3,52% 83,94% 12,53%
3,23% 27,98% 68,79%
Legend:
X.X% = Current Percentage of Common Capital Forjas Taurus S.A.
X.X% = Current Percentage of Total Capital
100% 35% 24,2% 99,86%
Taurus Holdings, Famastil Taurus Taurus Máquinas – Taurus Blindagens
Inc. Ferramentas S.A. Ferramenta Ltda. Ltda.
75,7% 32,9%
100% 100% 67,1% 99,99% 99,99%
Taurus Taurus Helmets
Taurus Properties, Taurus Invest. Taurus Blindagens
International Indústria Plástica
Inc. Imobiliarios Ltda. Nordeste Ltda.
Manufacturing, Inc. Ltda.
Source: Company reports
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5. Organizational Chart
The Company has implemented Corporate Governance
Board of Directors
Chairman of the
Board / CEO
Luis F. C. Estima
Strategic
Fiscal Counsel
Committee
Senior Vice-
President
Ruy F. V. Soares
Executive Vice-
President
Human Resources Jorge Py Velloso
Director
Muciano N. Dias
Source: Company reports
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6. Company’s Facilities
The group is comprised by five business units in Brazil, one in the USA and has
approximately 4,330 employees1
Forjas Taurus I Forjas Taurus II
 Firearms  Forged products
 Products heat
treatment
 Metal injection
Molding – M.I.M.
Taurus Blindagens Taurus Wotan
and Taurus Helmets  Machine tools
 Helmets
 Bulletproof vests
 Anti-riot shields
 Plastic containers
Famastil TIMI (USA)
 Hand tools  Firearms
 Garden  Metal injection
accessories Molding – M.I.M.
1 As of June, 2008
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7. The Company
 Forjas Taurus S.A. was established in 1939. The Company is a leading Brazilian
manufacturer of defense and security products, machine tools and forged products, such as
handguns, motorcycle helmets, bullet-proof vests and milling and turning machines.
Additionally, it holds a 35% stake at Famastil Taurus Ferramentas S.A.
 Taurus has a complete line of products, specially produced for the defense and security
markets. The Company is one of the world’s largest handgun manufacturers, with a
market share of over 90% in Brazil and a leading position in the U.S. market with over
12%
 Taurus also leads Brazilian market of motorcycle helmets (with a share of 50%),
bulletproof vests and anti-riot shields. The Company also has a growing insertion in the
market of forged products, mainly addressed to automotive industry and energy segment.
Additionally, it has recently established its new industrial site in Curitiba for the
manufacturing of plastic equipment used for packaging, and transporting materials.
 Operational strategy of the Company is based on cost efficiency through a vertically
integrated production, focused on profitability and quality.
 The Company has an optimistic perspective for the segments in expansion, focusing on
motorcycle helmets, machine tools and energy.
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8. The Company (cont.)
Growth Strategy Corporate Governance
 Cost efficiency through  Assembly of Shareholders
a vertical integrated production  Board of Directors
 Economies of scale  Strategic Planning
 Products with high added Committee
value  Code of Conduct
 Slightly moving  Legal Counsel
from regulated
to unregulated markets
Technology
Markets
 State of the Art production
 North American facilities
owned subsidiary in the USA  Use of cutting-edge
 Visibility in Brazil and abroad technology
 Market leader in Brazil in  Products with quality and
different segments exclusive design
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9. SWOT Analysis
Strengths Weaknesses
 Largest handgun manufacturer in Latin America  Highly dependent on the firearm segment,
and one of the top three in the world currently accounting for 59.3% of the
 Strong presence in USA since 1981, the largest consolidated revenues
handgun market worldwide  Operates in low margin and low growth
 Implemented practice of Corporate Governance segments, i.e. plastic containers
 Increasingly product diversification
 Pioneer in manufacturing helmets in Brazil, with
a market share of approximately 50% and a
revenue CAGR of 25.8% between 2004 and
2008
Opportunities Threats
 Increase in investments on public safety by the  Restrictions on firearm trade by local or
federal, state and municipal government international pressure
 Increasing demand for light weapons in the  Entry of foreign manufacturers in Brazil,
U.S. market increasing competition
 Continuing growth in the segment of motorcycle  Sharp devaluation of the dollar, reducing
helmets, enhanced by the significant growth of profitability of exports
motorcycle sales in Brazil
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10. Firearms – Forjas Taurus and TIMI
Taurus is one of the world’s largest handgun manufacturer
Overview Products
 For over 60 years, operates in local and foreign
markets
 In 2008, 59.7% of revenues was generated by
exports, mainly from the U.S. market
 Public security market has a positive growth
perspective.
 Exports also have positive growth perspectives
due to the increase of U.S. demand, and growth
indications in other export markets
 In May 2008, Taurus was awarded the
“Handgun of the Year 2008”, by the National
Rifle Association, for its revolver TAURUS
JUDGE
Products
 Revolvers, pistols, carbines, air guns and police
weapons
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11. Forged Products – Forjas Taurus
High technology in forged and machined products
Overview Products
 The Company manufactures forged products up
to 15Kg, using materials such as carbon steel,
alloy steel, stainless steel, titanium, aluminum
and other non-ferrous metals
 Main consumers are the Automotive,
Energy, Oil, Motorcycle and Agriculture
industries
 In 2006 and 2007, Taurus increased its installed
capacity for machining, which brings a higher
added value to the final product, compared to
parts that are only forged
 There are good perspectives for the company’s
revenues growth, due to (i) the increase in
machined production, (ii) the addition of new
forging machinery and (iii) the growth of M.I.M –
Metal Injection Molding sales
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12. Bullet-Proof Vests and Helmets – Taurus Blindagens and Helmets
Taurus Blindagens and Taurus Helmets lead the segments of bullet-proof vests and
motorcycle helmets, respectively
Overview Products
 Pioneer in manufacturing helmets in Brazil
 Local market leader of bullets-proof vests
and motorcycle helmets
 Taurus Blindagens was founded in 1983
 Quality, design and reliability. Products are
certified by INMETRO (Brazilian Institute of
Metrology, Standards and Industrial Quality)
Products
– Bullet proof and tactical vests and anti-riot
shields
– Motorcycle helmets, rain gear and leather
clothing
– Plastic bins and containers
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13. Machine Tools – Taurus Máquinas-Ferramenta Ltda.
Taurus Máquinas-Ferramenta leads Latin American manufacturing of horizontal and
vertical boring and milling machines, vertical turning lathes and machining centers
Overview Products
 The only manufacturer of large machine
tools in Latin America
 More than 3,000 machines installed in over
40 countries
 Main customers are aeronautics and space
industry, automotive, steel, construction, power
generation, defense, nuclear, oil, among others
Service Portfolio
– Manufacturing of welding components, job
shop, heat treatment, and finishing of
structural components
– Machine tool retrofitting
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14. Hand Tools and Garden Accessories – Famastil
Famastil manufacturers tools for engineering, construction and gardening
Overview Products
 Famastil exports to the five continents, selling
its products to wholesalers, dealers and
department stores
 The merger of Famastil Ferramentas and
Taurus occurred in 2004
Products
 Mechanic hand tools
 Household tools
 Construction tools
 Gardening tools
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