1. LLX Logística S.A.
LLX Logística S.A.
July, 2008
October, 2008

2. Disclaimer
This presentation relating to LLX Logística S.A. (“LLX”) includes “forward-looking statements”, as that term is defined in the Private Securities
Litigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All
statements other than statements of historical facts are statements that could be deemed forward-looking statements and are often
characterized by the use of words such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or
“intends”, or by discussions or comments about our objectives, strategy, plans or intentions and results of operations. Forward-looking
statements include projections regarding our operating capacity, operating expenditures, capital expenditures and start-up dates.
By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific.
The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in such
statements may not be indicative of results or developments in future periods. We caution participants of this presentation not to place
undue reliance on these forward-looking statements as a number of factors could cause future results to differ materially from these
statements.
Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals and
licenses on a timely basis or at all, and changes in economic, political and regulatory conditions. We caution that the foregoing list is not
exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider these factors as well as other
uncertainties and events.
LLX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (which
can only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or any
other jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered under
the U.S. Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from such registration requirements.
This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part
without LLX’s prior written consent.
Investor Relations
Ricardo Antunes – CEO
Antonio Castello Branco – Manager
Camila F. Mation Anker - Coordinator
Tel. 55 21 2555-5661
ri@llx.com.br
2

3. 1. Overview

4. EBX´s publicly held companies
All companies are listed in BOVESPA´s Novo Mercado Corporate Governance
segment, consolidating a market capitalization of US$ 9.2 Bi*.
Core Business: Core Business: Core Business: Core Business:
Logistics Mining Oil & Gas Power Generation
Market Cap: Market Cap: Market Cap: Market Cap:
US$ 340 M* US$ 1.4 bi* US$ 6.6 bi* US$ 863 M*
Controlling Controlling Controlling Controlling
Shareholder: Shareholder: Shareholder: Shareholder:
57% 67% 61% 76%
*Source: Broadcast as of September, 30th 2008
4

5. LLX Corporate Overview after restructuring
Controlling
Shareholders (1) + Minority Shareholders
57% 43%
51% 70% 70% 70%
MMX Minas-Rio LLX Minas-Rio LLX Açu LLX Brasil LLX Sudeste
30% 30% 30%
49%
100%
Centennial
(1) Eike Batista and Management
LLX decided to suspend investments in the port terminal project of Port Brasil, as disclosed in the public announcement of
October 2nd 2008.
5

6. LLX Highlights
Ports strategically located in the Southeast Region of Brazil
Unique Large back-areas
Portfolio Port-Industry Integration
Connected to existing Highway and Railway network
Deeper depth allows larger vessel to berth, decreasing ocean freight
Low Operating
Private ports are not subject to public port charges (TUP and OGMO)
Costs
Higher productivity due to latest generation of port equipments
Long Term Enough cargo to anchor LLX´s ports (MoUs already signed)
Contracts Back-bone for investments of the EBX´s Companies through long term contracts
Logistics Integration is a priority for the Brazilian government
Brazilian ports are operating almost at full capacity
Growth Potential
Ports are currently a bottleneck for Brazilian exports growth
Continuous pipeline of new projects
Business Ports business has been developed since 2005
Development “Super Port” Açu under construction
6

7. LLX´s ports strategic location
Mixed-use terminal sized to berth carriers up to 220,000 tons (Depth: 18.5m)
Location Back-area Main Products
Iron Ore from pipelines
"Super Port" Sao Joao da
7,800 ha and third parties
Açu Barra, RJ
railway, steel
Itaguaí
Port Sudeste Industrial 52.1 ha Iron Ore
Area, RJ
2%
6%
Country GDP 2007 (US$ Billion)
Brazil 1,313.590
34% Port Açu
Russia 1,289.582
Port Sudeste India 1,098.945
LLX's hinterland area 985.223
Korea 957.053
Australia 908.826
Mexico 893.365
Netherlands 768.704
Turkey 663.419
LLX Port´s hinterland concentrates Sweden 455.319
75% of the Brazilian GDP Belgium 453.636
Source: IMF (2008)
7

8. Favorable Industry Fundamentals
Brazil Trade Flow Economic Openness – Trade Flow / GDP 2007
(US$ billion)
3% Economics Openness- Trade Flow 2007
Imports
200 8): 2
002-
76%
Exports
R (2 70%
CAG
67%
174 64%
48%
121
39%
91
33%
74
63 22%
18%
48 198
47 161
73 96 118
138
96
60 73
Brazi l Brazi l Indi a Argenti na Indones i a Mexi co Chi na Chi l e Republ i c
2000 of Korea
2002 2003 2004 2005 2006 2007 2008E
Source: SECEX/Ministério do Desenv. Ind e Comercio Exterior (2008) Source: WTO (2008)
Infrastructure Underinvestment in Brazil Brazilian Ports’ Capacity Utilization
(berth hours utilized / berth hours available)
180
160 97% 93% 91%
140
80%
120
100
80
60
40
20
0
1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006
Brazil exports Brazil imports Investments in infrastructure Itajaí São Francisco Rio Grande Santos
do Sul
Source:IPEADATA / BCB e Merril Lynch (2008) Source: Antaq.
Investments in ports are needed to meet the growth of Brazil´s foreign trade.
8

9. Experienced Management Team
Officer
Officer Experience
Experience
Eike Fuhrken Batista
Founder and CEO of EBX, entrepreneurial conglomerate founded in 1983
Chairman and Founder
Engineer Degree from PUC-RJ and Master´s degree from the Imperial College in London.
Ricardo Antunes 23 years of experience at CVRD
Former CEO of Rio Doce International
CEO
Co-founder of MMX
Masters degree in Economics from PUC-RJ and PhD in Finance. Held Yale Universitiy´s
certificate in Corporate Governance.
Eliane Aleixo Lustosa Government experience at BNDES, Ministry of Finance and as Director of Brazil´s Antitrust
Agency. Former VP and CFO of Grupo Abril, Globex and Petrobras Pension Fund (Petros).
Chief Financial Officer Current board member of the Brazilian Institute of Corporate Governance (IBGC). Former board
member of several public companies (Perdigão, CPFL, Coteminas, Telet, Americel and Tele
Norte Celular).
Mechanical Engineer (UFES) and MBA in COPPEAD/UFRJ
José Salomão 23 years of experience in the design, implementation and operation of port terminals (iron ore,
coal, pig iron, fertilizers, agricultural baul, containers and general cargo).
Chief Development Officer Held executive positions in Porto de Tubarão, Porto de Praia Mole, TVV, Pasha Terminal – Los
Angeles, Docenave and Brasil Ferrovias.
Civil Engineer (UGF/RJ) and MBA from FGV/RJ. Project Management (PMI) certificate from
Luis Alfredo Osório de Castro FIA/USP.
30 years experience in implementing infrastructure projects (urban projects and port terminals);
Chief Implementation Director power plants and industrial facilities at Pronil, OAS and Brascan.
9

10. LLX Ports – Lower Ocean Freight
Deeper depth allows larger vessels to berth, decreasing ocean freight.
-40% to
Solid and Liquid
-75%
Bulks
Using full Panamax (70 m dwt)
and Capesize (120 to 180 m
dwt) rather than Handymax
(40 m dwt )
Containers -20% to
Processing Industries, Auto Parts, -40%
Food, Pulp and Paper, amoung
othes.
Using general cargo/container vessels
of 8 to 12 thousand TEUs instead of
1.5 thousand to 3 thousand TEUs
10

11. Ports Operations almost at Full Capacity
LLX´s port will be an alternative to help debottlenecking the sector in Brazil
Iron Ore Terminals: Idle Time
Terminals:
Reference 15 -20%
Index
Continuous economic growth in the last years
Vale < 2% has shown Brazil’s lack of infrastructure,
especially in ports and transportation.
Thousand TEU’s/m linear berth
TEU’
Reference Index
Most Brazilian ports are operating above their
1,3
nominal capacity, causing long queues and
increased costs for both inbound and
Santos Brasil 1,5 outbound cargoes.
Back Area: TEU’s/m²
Area: TEU’ s/m²
The situation is most critical in the country’s
southeast region, hampering growth of the
Reference Index 4,2
burgeoning export of commodities and
Vitoria
industrial products as well as most needed
7
imports growth.
Source: Drewry’s Reports 2007 and Companies reports.
11

12. LLX Milestones Roadmap
2006 2007 2008 2009 2010 2011
Detailing of the Construction
LLX Minas Rio
Start up
project License
Environmental ANTAQ
License Authorization
PORT AÇU
Construction
begins
Detailing of the ANTAQ Construction Construction
LLX Açu
Start up
project authorization License begins
Environmental
License
Project begin to Environmental Construction
Porto Sudeste
Start up
be developed License License
ANTAQ
Authorization
Construction
begins
12

13. 2. Projects

14. 2A. Port Açu

15. Port Açu
Location and Logistic Integration
MMX SE
45 km of new railway track
will connect
Port Açu to the
Brazilian railway system.
15

16. Port Açu
LLX Minas-Rio (Ore) / LLX Açu (non-Ore)
LLX Minas-Rio
Minas- LLX Açu
Aç
7,500 ha of adjacent
Onshore Structure industrial complex
• 300 ha for Processing, Right to use LLX Minas Rio
Handling,Storage and
Offshore Structure including the
Pelletizing
construction of additional berths
Offshore Structure /including :
• Connecting bridge Access channel for :
• Connecting bridge/
Access channel • Coal ( and dry bulk) discharging;
• Breakwater • Liquid Bulk ;
• Multi use Pier with 4 berths for
• 1 berh expandable to 4 for
loading iron ore and pellets ; general cargo, steel and Supply
boats.
Atlantic Ocean
16

17. Port Açu
Under construction and attracting important industries
Port Açu construction started in October/2007
and has already 46 MoUs in place
IRON ORE 26.5 Mtpy 1 contract
IRON ORE 26.5 Mtpy 1 contract
LIQUID BULK 5.5 M m³ py 7 MoUs
LIQUID BULK 5.5 M m³ py 7 MoUs
GENERAL CARGO 73.4k TEUs py 29MoUs
GENERAL CARGO 73.4k TEUs py 29MoUs
COAL/CEMENT
COAL/CEMENT 11.2 Mtpy
11.2 Mtpy 66 MoUs
MoUs
STEEL PRODUCTS
STEEL PRODUCTS 8.2 Mtpy
8.2 Mtpy 44 MoUs
MoUs
17

18. Port Açu
Construction site
September/2008
18

19. Port Açu is located right in front of the largest Brazilian oil
basin block (Campos, Santos and Espírito Santo)
19

20. Port Açu
Main activities
Capex ( (for 100% of project ) )
Capex for 100% of project
LLX Minas-Rio: US$ 900 M
LLX Minas-Rio: US$ 900 M
Açu Non Ore: US$ 700 M
Açu Non Ore: US$ 700 M
Iron Ore: Coal: Liquid Bulk (LNG): Steel Products:
Up to 63.2 mtpy Up to 15.3 mtpy Up to 4.0 M m 3 py Up to 11.2 mtpy
Dimension Stone: General Cargo: Supply Boats:
Real Estate:
Up to 1.5 mtpy Up to 330,000 TEUs py Up to 80,000 tons of cargo py Up to 3,300 hectares for rental
Source : Verax Feasibility Study as of June 12th 2008
20

21. Port Açu
Volume and Capex
766,0 93,5
Development Capex
205,6 82,0
US$ 1,600 M Volume Ramp up – Mtpy *
77,6
67,9
560,4 62,2
Minas-Rio (Iron Ore) US$ 900M
348,8 Port Açu Non US$ 700 M
65,2 274,5 39,8
30,3
283,6 256,7
53,2 80,7 75,4 20,0
15,1 17,8
38,1
- - -
32
...
2
...
07
08
09
10
11
12
13
14
15
07
08
09
10
11
12
13
14
15
3
16
16
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
...
20
...
(*) Tonnage excluding general cargo
Source : Verax Feasibility Study as of June 12th 2008
21

22. 2B. Port Sudeste

23. Port Sudeste
Location and Logistic Integration
Belo Horizonte MMX
Sudeste
MRS
Currently Transportation contract secured with
MRS and port access with CSN Sepetiba Terminal
Port until 2011, when port Sudeste starts up.
Sudeste
23

24. Port Sudeste
Overview
L oo p
lw ay
Ra i
Iron Ore
Storage
km
1 .5
el
nn
Tu
m
e 0.8 k
Bridg
Berth
24

25. Port Sudeste
Volume and Capex
169,1
Volume Ramp up 1ST Phase -
Development Capex 1ST Phase Mtpy
25,0 25,0 25,0
118,3 US$ 380 M
20,0
15,0
49,0 10,0
43,9
5,0
- - - - - - - - - - -
...
32
07
08
09
10
11
12
13
14
15
32
...
07
08
09
10
11
12
13
14
15
16
16
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
...
...
Source : Verax Feasibility Study as of June 12th 2008
25

26. Capex - Sources and Uses
LLX Minas Rio
1000 900
800
1nd Phase 600
600 75%
US$ M
Debt: 675
400
200 2st Phase 300 25% 45
Equity: 225 Anglo: 180
0
100% CAPEX Sources Equity
Shareholder´s Equity @ June 30th: US$ 211 M
LLX Açu LLX Sudeste
800 400
600
75% Debt: 285
75%
US$ M
US$ M
Debt: 525
400 200 380
700
200
Centennial: 53 25% Centennial: 29
25%
Equity: 175 Equity: 95
LLX: 123 LLX: 67
0 0
100% CAPEX Sources Equity 100% CAPEX Sources Equity
Source : Verax Feasibility Study as of June 12th 2008 and Company.
26

27. Main Risks & Mitigants
Environmental Risk Regulatory Risk
Management expertise Business Plan compliant with Port Act (Law
Seasoned technical team ( permitting 8630/93);
processes of ports in Brasil- for CVRD, CSN...); Port Açu has been granted ANTAQ´s
Authorization ;
EBX Track Record
Port Sudeste is a Private Terminal for MMX
MMX, MPX precedents and synergy; Sudeste´s own cargo;
Top consulting firms hired.
Capex Overruns Main Risks
&
Experienced procurement team on board;
Rigorous budget controls and contingengy
Mitigants
management;
Modular implementation with initial
investments after LT contracts are locked in.
Port – Railways Integration
Funding Requirements
Port Açu – commercial agreement with FCA in
Long Term (12 years) and attractively priced place;
Financing by BNDES secured for LLX Minas-Rio Port Sudeste - MRS expansion plan easily
and under negotiation for Sudeste and LLX Açu covers the port´s demand.
ports terminals;
Bradesco firm commitment for US$ 750 M.
27

28. LLX Logística S.A.
July, 2008
www.llx.com.br