MPX is a diversified energy company with the largest portfolio of integrated power and natural resource projects in South America. It has over 11 GW of licensed greenfield power projects, 11.3 Tcf of risked natural gas resources, and a world-class coal mining system in Colombia. MPX also has 3 power plants totaling 1.4 GW that are over 85% complete and will begin operations in 2012 with long-term power purchase agreements secured.

1. 05102011
Corporate Presentation
2011

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: a diversified energy company with the largest
portfolio of integrated projects in South America
Power Generation
3 plants (1.4 GW) with power agreements
secured until 2022
11 GW portfolio licensed
Natural Resources
Natural Gas: 11.3 Tcf of risked resources in
the Parnaiba Basin
Coal: 35 Mtpa production. Full-scale in 2020
.3

4. And an experienced management team with a proven
track record of turning strategies into execution
CEO at El Paso Brasil Ltda.and Rio Polímeros S.A.;
Eduardo Karrer Over 22 years of experience in a wide range of M&A and corporate finance transactions related to the natural resources,
CEO & IRO electricity, sanitation and logistics sectors;
Executive manager for the Gas&Energy and International Markets divisions at Petrobrás.
CFO at MMX Mineração e Metálicos S.A.;
Rudolph Ihns CFO at Unisys in Brazil and Germany;
CFO
Over 25 years of experience in the financial area at multinational corporations.
Former National Secretary for Energy;
Coordinator of the Subcommittees for Electricity Studies of the Interconnected System and Secretary of National
Xisto Vieira Filho Energy Policy Committee of Brazil;
Officer for Regulatory Affairs
Chairman of the Board of Directors of CHESF and Eletrosul and Board member of Eletrobrás, Furnas, Cepel and
& Commercialization
Grupo Rede;
Former president of the National Committee of Cigré (Conference Internationale des Grand Réseaux Électriques).
Over 20 years of experience in operations at multinational corporations;
Marcus Bernd Temke COO at Rio Polímeros S.A.;
COO
Holds an MBA from COPPEAD-UFRJ.
Partner at Villemor Amaral Advogados (2002-2004) and Tozzini, Freire & Silva Advogados (2001-2002);
Bruno Chevalier General Counsel at MMX Mineração e Metálicos S.A.;
General Counsel
Legal Director at General Motors Corp. in Lisbon and Delphi Automotive Systems.
Over 25 years of experience in the mining industry (Rio Tinto and BHP Billiton), in technical, operational and
Gustavo Gomes strategic roles;
Director for Mining &
Natural Resources Extensive international experience: managed projects in Brazil, India, Australia, US and Canada;
Holds an MBA from MIT Sloan School of Management.
.4

5. MPX Highlights
The “Carajás” of compliance coal: World-class coal company in Colombia with
outstanding logistics (150 km railway to the coast) and potential resources of over 4
billion tons
Low cost coal production system of 35 million tons per year supplying South America,
US, Europe and the Far East
Unique onshore natural gas portfolio with risked resources of over 11 Tcf integrated
to 3,700 MW power generation complex
Largest power project in Chile (2,100 MW), integrated to a deep water dedicated port
Largest licensed power generation portfolio in South America – 11 GW between gas
and coal fired power plants
1,440 MW starting up in 2011 with 100% energy sold under long term PPA’s

6. CCX, a fully-owned MPX subsidiary in Colombia:
The “Carajás” of compliance coal
Unique geology within MPX’s
leases
Large and continuous
coal package
In excess of 100 seams
22 seams >1.5m thick
8 coal seams >3m
Potential mineable tons
significantly exceed the 900
Mt needed to support a
35Mtpa production
Fully-integrated logistics
Heavy-haul 150km railway: flat route, parallel to existing road
Port: best combination of deep water & flat area in La Guajira
.6

7. A low-cost large-scale coal mining system
Large production scale: 35 million tons per year
Competitive mining costs: underground mining cost estimated at approximately US$25/t
Low cost logitics: 150km railway + private deep-water port
$/tonne
Energy Content Adjusted 80
Cash Cost (FOB) *
PRODUCTION Ramp-up Cash Cost (FOB)
70
40
35 60
30
25 50
MTPY
20
15 40
10
5 30
0
20
10
PHASE 1 PHASE 2
CCX Colombia Indonesia South Australia Russia
Africa
Source: Wood Mackenzie and company analysis
*Costs to produce 6,322kcal/kg product
.7

8. Set to become a major supplier to the growing
seaborne market
Seaborne coal flow is expected to increase to 1.2 billion tons by 2025* from current 0.5
billion tons
Increasing competitiveness of Colombian coal in Asia: Panama Channel expansion from
2014 and excess capacity for Cape size vessels from 2015 onwards are likely to further
reduce freight costs from Colombia to Asia
Seaborne Coal Flow in 2010
Source: GTIS, Macquarie Research, October 2010. *Wood Mackenzie, June 2010.
.8

9. CCX will start production in 2012, ramping-up to full-
scale in 2020
Phase 1 (5 Mtpa): “Drumbeat” Towards Construction
Open pit, contractor mining, lean infrastructure
Road transport by 50t trucks – upside with roadtrain
Simplified port : mobile belts + shiploader
Phase 2 (35Mtpa): Ramping-up to Unlock Value
30Mtpa Longwall underground mining, access through a 5km incline ramp from
Cañaverales pit + 5mtpa from open pits
“Heavy haul” railway, 1.5m gauge track, 12kt trains convoys
Port in full-setup
.9

10. MPX also holds a unique onshore gas portfolio in the
Parnaiba basin with risked resources of 11.3 Tcf
DeGolyer and MacNaughton Estimates (April, 2011)
NATURAL GAS (in billion cubic feet - Bcf) GROSS NET
Contingent Resources 3C 3C
Contingent Gas Resources 952 222
Total Prospective Resources (unconventional + conventional) Mean Mean
Unrisked Prospective Gas Resources 56,127 13,096
Risked Prospective Gas Resources 10,978 2,561
OIL (in million barrels) GROSS NET
Prospective Resources Mean Mean
Unrisked Prospective Oil Resources 1,946 454
Risked Prospective Oil Resources 96 22
(i) 2C Contingent Gas resources: Gross – 334 Bcf ; Net – 78 Bcf
(ii) Contingent resources: 2 accumulations discovered
(ii) Prospective resources: 6 oil leads and 18 gas prospects
3 successful wells concluded and 1 well in progress
1 well underway and 12 additional wells planned for 2011
. 10

11. Gas produced in the Parnaiba basin will supply an
integrated 3.7 GW power generation complex
Installation License to develop 1,863 MW
granted
Licensing of additional 1,859 MW underway
Power plants strategically located on the PN-T-
68 block with easy access to gas supply
Inexpensive connection to the grid
Exploratory
TPP Blocks
. 11

12. MPX has the largest licensed greenfield power
generation portfolio in South America
11 GW in licensed greenfield power projects
Natural Gas
MPX Parnaíba (1,863 MW+1,859 MW*)
MPX Açu (3,300 MW)
Coal
MPX Açu (2,100 MW)
MPX Sul (727 MW)
MPX Seival (600 MW)
MPX Castilla (2,100 MW)
Renewables
Solar: MPX Tauá (1 MW)
* Licensing in process
. 12

13. MPX Castilla is the largest licensed greenfield
power plant in Chile
MPX Castilla: license for 2,100 MW
Integrated Project: Power Plant + Deep-Water Port + Desalination Plant
SIC: Central Interconnected System (90% of GDP & 92% of population)
Port concession and environmental license granted
Power plant capacity: 6 x 350 MW = 2,100 MW
Desalination plant capacity: 740 l/s
Synergy with CCX: Reliability of coal supply
. 13

14. Located strategically in a region with significant
pent-up demand for energy and water
. 14

15. Where potential demand from the mining industry
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
MINERA CANDELARIA 110 Atacama 2012 Cu GUACOLDA (*)
MMX 100 Atacama 2014 H -
MARTE LOBO 82 Atacama 2015 Cu -
CMP-Cerro Negro 31 Atacama 2015 H ENDESA (*)
CMP PUNTA TOTORALILLO FASE 2 16 Atacama 2015 H ENDESA (*)
CMP PUNTA TOTORALILLO FASE 3 8 Atacama 2015 H ENDESA (*)
CMP-P 6 Atacama 2013 H ENDESA (*)
CMP-R 2 Atacama 2013 H ENDESA (*)
ENAMI DELTA PAN DE AZUCAR 7 Coquimbo 2012 Cu -
MINERA LOS PELAMBRES 200 Valparaiso 2013 Cu ENDESA (*)
CODELCO VENTANAS 70 Valparaiso 2014 Cu GENER
EXPANSIÓN ANDINA 20 Valparaiso 2014 Cu COLBUN
TRES VALLE 14 Valparaiso 2012 Cu PACIFIC HYDRO
EXPANSION EL SOLDADO 11 Valparaiso 2012 Cu COLBUN
LOS BRONCES 95 Metropolitana 2012 Cu COLBUN
CODELCO TENIENTE (NUEVO NIVEL) 200 O´Higgiins 2015 Cu COLBUN
(*) Energy supply contracts currently in place should be renewed
. 15

16. MPX Açu is a 5.4 GW greenfield generation complex
in Southeastern Brazil
Located in one of the most important port-industrial complexes in Latin America
Total capacity of 5,400 MW
Imported Coal: 2,100 MW
(Estimated Capex : USD 2,000 / kW)
Natural Gas: 3,300 MW
(Estimated Capex : USD 1,300 / kW)
Close to natural gas accumulations
discovered in the Campos Basin
The industries located within the
Superport will benefit from auto
production sharing, which at current prices
represents a reduction in energy costs by
approximately 30%.
. 16

17. Close to natural gas accumulations discovered in the
Campos Basin
OIL COMPANIES
Campos Basin
85% of Brazil’s Oil
Production
. 17

18. MPX Sul and MPX Seival add up to 1.3 GW and are
located in a region with limited hydro potential
Seival Mine
Partnership 70/30: MPX / Copelmi
Operating License granted
152 MM tons in proven reserves
459 MM tons in total resources
Capex: ~ USD 20 MM
MPX Sul and MPX Seival
Capacity: 727 MW + 600 MW
Coal consuptiom: 1 ton/ MWh
Estimated Capex: USD 2,400 / kW
Licenses Granted
Sinergies between the two projects
. 18

19. MPX will start generating revenues in 2012 as its
contracted power plants start up
MPX’s 3 power plants under construction are well-advanced, will start up in the end
of 2011/beginning of 2012 and are contracted for a period of 15 years.
Energy sold Capex
Capacity Term of PPA** EPC progress
(avg MW) (R$ billion)
Energia Pecém * 720 615 Jan 2012-Dec 2027 90% 1.42
MPX Pecém II 365 276 Jan 2013-Dec 2028 85% 1.34
MPX Itaqui 360 315 Jan 2012-Dec 2027 90% 1.78
*Energia Pecém is a 50/50 partnership between MPX and EDP
**PPA – Power Purchase Agreement
¹ Energy sold in spot market before PPA start date
² As of Dec/2010
. 19

20. Energia Pecém and MPX Pecém II
. 20

21. Energia Pecém and MPX Pecém II
. 21

22. MPX Itaqui
. 22

23. MPX Tauá: the first commercial Solar power plant in
Latin America
Photovoltaics
Installed Capacity: 1 MW (R$ 10 MM
capex)
Environmental License for up to 5 MW
Start up: June/11
Possibility of expanding to 50 MW
Environmental
EPC Status
Status
Contracted Licensed
. 23

24. www.mpx.com.br
www.ebx.com.br www.descubraebx.com.br www.youtube/grupoebx www.eikebatista.com.br
www.flickr.com/photos/grupoebx
All the rights reserved to MPX
2011