3rd Quarter 2007 Presentation

1. THIRD QUARTER 2007
November, 2007

2. Third Quarter 2007
November, 2007
DISCLAIMER
The material contained in this presentation is general background information about Iochpe-Maxion S.A. (Iochpe)
as of the date of the presentation. It is information in summary form and does not purport to be complete. It is
not intended to be relied upon as advice to potential investors. No representation or warranty, express or
implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the
information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the U.S.
Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking
statements are only predictions and are not guarantees of future performance. Investors are cautioned that any
such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and
factors relating to the operations and business environments of Iochpe and its subsidiaries that may cause the
actual results of the companies to be materially different from any future results expressed or implied in such
forward-looking statements.
Although Iochpe believes that the expectations and assumptions reflected in the forward-looking statements are
reasonably based on information currently available to Iochpe management, Iochpe cannot guarantee future
results or events. Iochpe expressly disclaims a duty to update any of the forward-looking statement.
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.
2

3. Third Quarter 2007
November, 2007
3Q07 HIGHLIGHTS
Net operating revenue of R$ 355.7 million, an increase of 14.1% over the same period
of last year
EBITDA(*) of R$ 57.5 million, an increase of 58.6% over the same period of last year
Net income of R$ 30.1 million, an increase of 116.6% over the same period of last year
Net debt bank of R$ 173.6 million (R$ 184.0 million in 3Q06), or 1.1x EBITDA LTM(*)
(1.0x in 3Q06)
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
3

4. Third Quarter 2007
November, 2007
3Q07 – MAIN FACTORS
Growth of the Brazilian production of vehicles and agricultural machinery
Reduction of domestic demand for railway freight cars
Impact of the real appreciation (1.8928 – 3Q07 x 2.1631 – 3Q06) on exports (R$ 8.1
million)
4

5. Third Quarter 2007
November, 2007
CORPORATE STRUCTURE
Iochpe-Maxion S.A.
Iochpe-
50% 100%
Amsted-Maxion Fundição e
Amsted- Maxion Sistemas Automotivos
Equipamentos Ferroviários S.A. Ltda.
R$ 73.8 million1 (21%)
R$ 251.0 million1 (71%)
Railway Equipments
Automotive Components
Wheels and Chassis Division
Division
Railway freight cars: R$ 28.7 million1 (8%)
Wheels: R$ 104.0 million1 (29%) Autoparts: R$ 30.9 milhões1 (9%)
Castings: R$ 35.8 million1 (10%) and
wheels: R$ 9.2 million1 (3%)
Chassis: R$ 147.0 million1 (41%)
1 Consolidated net revenue in the third
quarter of 2007
5

6. Industry Performance

7. Third Quarter 2007
November, 2007
LIGHT COMMERCIALS – BRAZIL (‘000 units)
0%
6=2
R02–0
CAG 5 = 3%
6=4
0% 06 - 0
R02–0 9M07 - 06 = 3%
CAG 06 – 05 = (2
%)
379
366 9M07 – 0
6= (5%)
318
3Q07 – 06 = 14%
295
286
3Q07 – 0
6 = (1 %)
216
180
156 153
114 115 109 112
98
72
40 42 41
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Source: Anfavea Production Export 7

8. Third Quarter 2007
November, 2007
TRUCKS – BRAZIL (‘000 units)
6= 11%
R0 2–0
CAG %
= 67 06 – 0
– 06 5 = (10
R 02 %)
CAG
06 – 05 = 1% – 06 = 26%
9M07
117 06 = 34%
3Q07 –
6 = 6%
107 106 9M07 – 0
100
6=8 %
3Q07 – 0
79 79
69
38 39 38
28 30 28
25
13 11
10
5
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Source: Anfavea Production Export 8

9. Third Quarter 2007
November, 2007
BUSES – BRAZL (‘000 units)
1%
6=1
R02–0
CAG = 25%
– 06 06 –
R 02 05 =
CAG ( 4%) %
06 – 06 = 7
05 = 9M07 –
( 15%
)
35 9M0 6 = 16%
34 7– 06 = 3Q07 – 0
(16%
)
30 3Q07
29
28 – 06
27 =( 21%
)
23
19
16
13
12
11
10
9 9
7
5
4
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Source: Anfavea
Production Export 9

10. Third Quarter 2007
November, 2007
AGRICULTURAL MACHINERY – BRAZIL (‘000 units)
CAGR 02 – 06
= (3%)
= 21%
02 – 06
CAGR 06 –
05 =
(13%
) 5%
69 6=3
06 – 7–0
05 =
(27% 9M0
)
59
– 06 = 19%
9M07 64%
53 06 =
52
3Q 07 –
48
46
– 06 = 40%
3Q07
36
31 31
21 22
19 19
16
12
10
8
6
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Source: Anfavea
Production Export 10

11. Third Quarter 2007
November, 2007
PASSENGER CARS – BRAZIL (‘000 units)
%
02 – 06 = 8
CAGR
5%
02 – 06 = 1 = 11%
CAGR 06 – 05 = 4% 06
9M07 –
06 – 05 =
(7%)
9M07 – 0
6= (9%) %
06 = 19
2,092 3Q07 –
2,009
1,757 1,756 3Q07 – 06
= (3 %)
1,579
1,521 1,505
684 638
635
497 536
489 445
440
363
166 161
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Source: Anfavea
Production Export 11

12. Third Quarter 2007
November, 2007
RAILWAY FREIGHT CARS – BRAZIL (units)
7%
0 6=8 06 –
05 =
02 – (50%
CAGR )
7,270
5,642
9M07
– 06 =
(80%
)
3Q07
3,605 – 06 =
(61%
3,291 )
2,459
656 728
294 282
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Source: Amsted Maxion estimate Production 12

13. Third Quarter 2007
November, 2007
MARKET SHARE – BRAZIL (9M07)
Commercial Vehicles Railway Freight Railway
Chassis
Wheels Cars Castings
Maxion Maxion Maxion 80%
67% 79%
62% Maxion
21% 33%
Dana
12% 5% Borlem 21% 20%
OEM Others
Others Cruzaço
Maxion
65% 55% 81% 80%
9M06
Source: Maxion Estimate
13

14. Financial and Operating
Performance

15. Third Quarter 2007
November, 2007
NET OPERATING REVENUE (R$ million)
06-
05 =
% (17%
06 = 32 )
2–
R0
CAG
9M07 – 0
6= (2%)
1,494
6 = 14%
1,248 3Q07 – 0
1,099
982 961
676
411
312 356
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
15

16. Third Quarter 2007
November, 2007
NET OPERATING REVENUE – 9M07
Net Operating Revenue 9M07 – R$ 960.8 million
Net Operating Revenue 3T07 – R$ 355.7 million
Customer - 9M07 (%)
Segment - 9M07 (%)
Others – 13.3%
Daimler – 14.1%
2,3% 2,9%
11,7% 10,8% Caterpillar – 1.6%
7,1%
ALL – 0.8% Scania – 5.9%
22,7% 8,9%
MRS – 3.9%
6,6%
40,6% CVRD – 1.7%
Volvo – 2.1%
31,8%
Tractors – 7.0%
24,9% 29,7%
Volkswagen – 16.1%
9M06 9M07
Wheels Chassis Automotive Comp.
Freight Cars Castings Railway Wheels Export – 19.5%
GMB – 5.6%
Ford – 4.1%
Fiat – 4.2%
16

17. Third Quarter 2007
November, 2007
EXPORTS (USD million)
%
24
9% 5=
=4 06-0
06 %
2– – 06 = 9
GR0 9M07
CA
119
3Q07 –
06 = (2
)%
96 94
87
47
33 31 31
24
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
17

18. Third Quarter 2007
November, 2007
EXPORTS – 9M07
Exports 9M07 – R$ 187.0 million (US$ 94.3 million)
Exports 3T07 – R$ 58.4 million (US$ 30,8 million)
Destination - 9M07 (%)
Segment - 9M07 (%)
Canada / Mexico – 4.7%
Africa & Middle East – 16.2%
56,1% 55,9%
5,7% 0,4% 0,4%
14,2% Europe – 8.1%
37,80%
29,50%
9M06 9M07
Wheels Chassis
Automotive Comp. Amsted-Maxion Latin America – 17.5%
USA – 53.4%
18

19. Third Quarter 2007
November, 2007
EXPORTS (USD million)
94.3
86.7 31.3 30.8
52.8 16.2
48.6 17.9
0.4 0.1
0.4 1.6
5.0 0.2
13.4 4.1
32.8 13.4
27.7 8.6
9M06 9M07 3Q06 3Q07
Wheels Chassis Wheels Chassis
Automotive Comp, Amsted Maxion Automotive Comp. Amsted-Maxion
Variance 9M07 - 06 (%) Variance 3T07 - 06 (%)
Wheels – (15.5%) Wheels – (35.8%)
Chassis – 170.7% Chassis – 159.7%
Automotive Comp. – 8.2% Automotive Comp. – 26.1%
Amsted-Maxion – 8.7% Amsted-Maxion – 10.5%
19

20. Third Quarter 2007
November, 2007
GROSS PROFIT (R$ million)
21% 20% 21% 20%
19% 19% 19%
18% 18%
228 289
219 185 184
137
87
72
56
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Gross Profit % Net Sales
20

21. Third Quarter 2007
November, 2007
OPERATING INCOME – EBIT (R$ million)
12% 12% 12% 14%
11%
10%
9% 9% 11%
178
127 136
119
107
58
49
36 30
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
EBIT % Net Sales
21

22. Third Quarter 2007
November, 2007
EBITDA* (R$ million)
17%
16%
14% 14% 14%
14%
13% 13%
12%
205
156 163
139 130
89
69
57
36
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
EBITDA % Net Sales
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating result, plus net
financial expenses, plus depreciation and amortization, plus goodwill amortization.
22

23. Third Quarter 2007
November, 2007
NET FINANCIAL EXPENSES (R$ million)
13%
6%
54
38 3%
2% 2% 2%
33 2%
37 1%
21 1%
16 10 6
2
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Financial Exp. % Net Sales
23

24. Third Quarter 2007
November, 2007
NET INCOME (R$ million)
72
58 56 55
51 9%
6% 6%
5% 5% 5% 5%
30
14
-1%
(24) (5)
-6%
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
Net Income % Net Sales
24

25. Third Quarter 2007
November, 2007
NET BANK DEBT (R$ million)
1.5
1.3
1.1
1.0
0.8 174
184
0.6
0.6
115 132
106 102 125
2002 2003 2004 2005 2006 9M06 9M07
Net Debt x EBITDA
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating result, plus net
financial expenses, plus depreciation and amortization, plus goodwill amortization.
25

26. Third Quarter 2007
November, 2007
INDEBTEDNESS – sep 07 (R$ million)
SHORT LONG
LINES TOTAL
TERM TERM
Trade Finance / Export 24.2 35.7 59.9
Equipment Finance / EXIM 76.3 83.1 159.4
100.5 118.8 219.3
(-) Cash & Marketable Securities 45.7 45.7
Net Debt 54.8 118.8 173.6
Debt Indexation
Average Cost (Sep 07)
76%
Index by TJLP, CDI e IGPM
in R$ 78% CDI
2% 22% Index by Dollar
in US$ 8.1% per year
TJLP Dólar IGP-M
At the end of Sep 07, the company had contracted US$ 62.8 million of non-deliverable forward
contracts at R$ 2.0113 average FX rate, for the period of Oct 07 to Sep 08
Forward positive impact to expire is not accounted, only the positive impact expired
According to Brazilian GAAP, if at any end of a month a negative future impact is foreseen on the
contracts, the full negative impact must be provisioned
26

27. Third Quarter 2007
November, 2007
CAPEX (R$ million)
84
73
68
54
46 47
41
20
10
2002 2003 2004 2005 2006 9M06 9M07 3Q06 3Q07
27

28. Third Quarter 2007
November, 2007
OUTLOOK
Strong domestic demand for trucks and agriculture machinery
Recovery of domestic railway freight car market from the end of 2007, onwards
Implementation of commercial vehicle wheels plant in China
28

29. Additional Information

30. Third Quarter 2007
November, 2007
INCOME STATEMENT (R$ thousand)
Income Statement - R$ thousand 3Q07 R.O.L 3Q06 R.O.L 9M07 R.O.L 9M06 R.O.L
Net Operating Revenue 355,705 100.0% 311,739 100.0% 960,822 100.0% 982,486 100.0%
Cost of Goods Sold (283,403) 79.7% (255,828) 82.1% (776,711) 80.8% (797,066) 81.1%
Gross Profit 72,301 20.3% 55,911 17.9% 184,111 19.2% 185,420 18.9%
Operating Expenses
General and Administrative (11,678) 3.3% (12,487) 4.0% (34,934) 3.6% (34,448) 3.5%
Commercial (1,333) 0.4% (1,719) 0.6% (4,209) 0.4% (4,359) 0.4%
Others (9,807) 2.8% (11,946) 3.8% (37,567) 3.9% (27,274) 2.8%
(22,817) 6.4% (26,152) 8.4% (76,709) 8.0% (66,081) 6.7%
Operating Income (EBIT) 49,484 13.9% 29,759 9.5% 107,402 11.2% 119,339 12.1%
Financial Results
Financial Revenue 832 0.2% 1,017 0.3% 4,548 0.5% 3,825 0.4%
Financial Expenses (2,896) 0.8% (7,149) 2.3% (14,873) 1.5% (19,738) 2.0%
(2,064) 0.6% (6,132) 2.0% (10,325) 1.1% (15,913) 1.6%
Earnings After Fiancial Income 47,420 13.3% 23,627 7.6% 97,077 10.1% 103,426 10.5%
Non Operating Results (830) 0.2% (4,826) 1.5% (7,703) 0.8% (17,196) 1.8%
Earnings Before Taxes 46,590 13.1% 18,801 6.0% 89,374 9.3% 86,230 8.8%
Income Taxes (16,530) 4.6% (4,924) 1.6% (34,013) 3.5% (29,835) 3.0%
Net Income 30,060 8.5% 13,877 4.5% 55,361 5.8% 56,395 5.7%
EBITDA 57,455 16.2% 36,366 11.7% 130,262 13.6% 139,318 14.2%
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
30

31. Third Quarter 2007
November, 2007
BALANCE SHEET (R$ thousand)
ASSETS LIABILITIES
Sep-07 Sep-06 Sep-07 Sep-06
CURRENT CURRENT
Cash 45,663 26,913 Loans 100,528 180,965
Receivables 176,473 202,321 Payables 75,160 45,867
Inventory 162,080 144,727 Customers Advance 11,323 22,743
Recoverable Taxes 22,937 18,009 Wage and Charges 45,301 41,079
Others 15,089 12,765 Taxes 8,757 7,286
422,242 404,735 Provisions - 9,273
Others 21,536 10,481
262,605 317,694
LONG TERM LONG TERM
Receivable 926 1,524 Loans 118,786 29,928
Deferred Income Taxes 23,197 34,785 Provisions 56,249 64,246
Others 23,623 16,544 Others 9,808 16,738
47,746 52,853 184,843 110,912
MINORITY - 216
PERMANENT EQUITY
Investiments 359 359 Capital 161,463 161,463
Plants, Property and Equipment 296,717 255,085 Capital Reserves 103,472 68,468
Deferred Items 680 2,116 Retained Earnings 55,361 56,395
297,756 257,560 320,296 286,326
TOTAL ASSETS 767,744 715,148 TOTAL LIABILITIES 767,744 715,148
31

32. Third Quarter 2007
November, 2007
SHARES PERFORMANCE
Average Daily Trade Volume - R$ mil
Variance - LTM*
99.81%
100.00% 93.59% 182
171 175
90.00%
80.00%
67.83%
70.00%
119
60.00% 65.89%
49.23% 99
50.00% 41.90% 91 89
86
40.00% 47.67%
86 69 70
84
30.00% 25.98%
22.98%
20.00% 22.01% 25.67%
4,227 4,547 4,344 2,857 8,354 2,747 3,466 2,948 7,048 7,738 3,723 4,114
10.00% 14.57%
0.00%
-10.00% Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07
Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07
MYPK4 IBOV IBX-100 Volume Trade
Shares Price - LTM*
35.00
33.01 32.99
* Closing price of the last business day of each month 30.00
26.49
24.00 30.85
23.99 22.70 29.89 30.10 29.00
24.80
17.69 17.00 22.30
16.19 20.80 21.91
14.75
16.11
15.13
13.18 13.18
Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07
MYPK4 MYPK3 32

33. Third Quarter 2007
November, 2007
SHAREHOLDERS COMPOSITION: Sep 07
Iochpe Family BNDES Participações
Participações Other
Voting 74.6% Voting 21.8% Voting 3.6%
Non-Voting 0.4% Non-Voting 27.6% Non-Voting 72,0%
Total 26.1% Total 25.6% Total 48.3%
Issued Shares (*)
Voting 18,428,597 34.62%
Non-Voting 34,803,707 65.38%
Total 53,232,304 100.00%
33

34. THIRD QUARTER 2007
November, 2007