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April, 2008.April, 2008.
José Rubens de la Rosa -José Rubens de la Rosa - CEOCEO
Carlos Zignani -Carlos Zignani - Investor’s Relations DirectorInvestor’s Relations Director
João Luiz Borsoi -João Luiz Borsoi - Investor’s Relations ManagerInvestor’s Relations Manager
NON-DEAL ROAD SHOWNON-DEAL ROAD SHOW
Founded in 1949Founded in 1949
Total area of facilitiesTotal area of facilities Brazil and AbroadBrazil and Abroad 238,000 m²238,000 m²
Total AreaTotal Area Brazil and AbroadBrazil and Abroad 1,888,000 m²1,888,000 m²
Production CapacityProduction Capacity BrazilBrazil 75 units/day75 units/day
(without TMML & Russia)(without TMML & Russia) Brazil and AbroadBrazil and Abroad 110 units/day110 units/day
No. of employeesNo. of employees BrazilBrazil 9,9239,923
Brazil and AbroadBrazil and Abroad 12,31112,311
No. of plantsNo. of plants BrazilBrazil 33
AbroadAbroad 1010
Net Revenues 2007Net Revenues 2007 R$ millionsR$ millions 2,129.22,129.2
Net Profit 2007Net Profit 2007 R$ millionsR$ millions 132,3132,3
Dividends 2007Dividends 2007 R$ millionsR$ millions 75,075,0 (56.7% Net Profit)(56.7% Net Profit)
2continue ...
WHAT IS MARCOPOLO ...
• One of the world’s largest bus body manufacturersOne of the world’s largest bus body manufacturers
• Leadership position in Brazil with 40% market shareLeadership position in Brazil with 40% market share
• One of the most recognized brands in the global bus industryOne of the most recognized brands in the global bus industry
• State of the art production technologyState of the art production technology
• Integrated production of nearly all parts used in manufacturingIntegrated production of nearly all parts used in manufacturing
• Complete product line: coaches, city buses, midi, micro and minibusesComplete product line: coaches, city buses, midi, micro and minibuses
3
WHAT IS MARCOPOLO ...
COMPANY’sCOMPANY’s
ORGANIZATIONALORGANIZATIONAL
STRUCTURESTRUCTURE
Fiscal
Council
ShareholdersShareholdersShareholdersShareholders
Heir´s
Council
Service
Providers Businesses
CEOCEOCEOCEO
Board ofBoard of
AdministrationAdministration
Board ofBoard of
AdministrationAdministration
Executive
HR and
Ethic
Committees
Internal
Audit
Statutory
Audit
Estrategy
Audit and
Risk
CORPORATIONCORPORATION
LCVLCV
BusinessBusiness
LCVLCV
BusinessBusiness
FinancialFinancial
ServicesServices
FinancialFinancial
ServicesServices
CFOCFOCFOCFO
AdministrativeAdministrative
DirectorDirector
AdministrativeAdministrative
DirectorDirector
PlasticsPlastics
BusinessBusiness
PlasticsPlastics
BusinessBusiness
InternationalInternational
OperationsOperations
(China /(China /
India / Russia)India / Russia)
InternationalInternational
OperationsOperations
(China /(China /
India / Russia)India / Russia)
Bus BusinessBus Business
(Caxias, Ciferal,(Caxias, Ciferal,
Colômbia, México,Colômbia, México,
South Africa)South Africa)
Bus BusinessBus Business
(Caxias, Ciferal,(Caxias, Ciferal,
Colômbia, México,Colômbia, México,
South Africa)South Africa)
Estrategy, NewEstrategy, New
Markets &Markets &
Marketing Direct.Marketing Direct.
Estrategy, NewEstrategy, New
Markets &Markets &
Marketing Direct.Marketing Direct.
5
Loma Hermosa - Argentina
Rio de Janeiro - Brasil
Cota - Colombia
Monterrey - Mexico
Coimbra - Portugal
Johannesburg -
South Africa
Changzhou - China
(components)
Golitsino &
Pavlov - Russia
Dharward &
Lucknow - India
WORLDWIDE PRESENCE …
6
Caxias do Sul - Brasil
(Planalto & Ana Rech)
7
WORLDWIDE PRESENCE …
THE
CHASSI
UNDERSTANDING MARCOPOLO PRODUCT ...
8
BUS
BODY
THE PRODUCT ...
9
•Sales/Distribution LogisticSales/Distribution Logistic
• Global Presence: market diversificationGlobal Presence: market diversification
• Custom-made productsCustom-made products
• Competitive costsCompetitive costs
• Verticalization & Global SourcingVerticalization & Global Sourcing
• Economies of scale/Large VolumesEconomies of scale/Large Volumes
• Human Resources/trainning/motivationHuman Resources/trainning/motivation
•TechnologyTechnology
• Broad product lineBroad product line
• Unique manufacturing systems & processesUnique manufacturing systems & processes
• Technologycal autonomyTechnologycal autonomy (slide eleven)(slide eleven) 10continue ...
STRONG POINTS ...
11
TECHNOLOGY TRANSFERS ...
•ProfitabilityProfitability
• Economic value added philosophyEconomic value added philosophy
• Corporate GovernanceCorporate Governance
• Bovespa Level IIBovespa Level II
• Board of DirectorsBoard of Directors
• Board of Directors CommitteesBoard of Directors Committees
• Fiscal CouncilFiscal Council
• Heir’s CouncilHeir’s Council
• Code of ConductCode of Conduct
• Profitability: (2003/2007)Profitability: (2003/2007)
• Increase in net profits:Increase in net profits: 1.6 times1.6 times
• Increase in revenues:Increase in revenues: 1.7 times1.7 times
• Increase in production:Increase in production: 1.3 times1.3 times
• Shares price appreciation and market value:Shares price appreciation and market value: 3.0 times3.0 times
12
STRONG POINTS ...
• To achieve higher rates of revenue growthTo achieve higher rates of revenue growth
• To be present in highly populous/developing countriesTo be present in highly populous/developing countries
• Markets diversification, to minimize effects from fluctuations inMarkets diversification, to minimize effects from fluctuations in
demand and from economic and political risksdemand and from economic and political risks
• Extend the geographic range of manufacturing and supply centersExtend the geographic range of manufacturing and supply centers
• Benefit from economies os scaleBenefit from economies os scale
GROWTH STRATEGIES ... WHY INTERNATIONAL
EXPANSION
13
14
RUSSIAN BUSSES MARCO - HIGHLIGHTS ...
15
TATA MARCOPOLO MOTORS LIMITED - HIGHLIGHTS ...
16
2008 MAIN OBJECTIVES ...
• Speed up local manufacture of parts by foreign subsidiariesSpeed up local manufacture of parts by foreign subsidiaries
• Establish parts mfg centers in low cost countriesEstablish parts mfg centers in low cost countries
• Increase market effort directed to most profitable and differentiatedIncrease market effort directed to most profitable and differentiated
productsproducts
• Exploit new market niche (School Bus)Exploit new market niche (School Bus)
• Increase EBITDA and stockholders returnsIncrease EBITDA and stockholders returns
• Foster training and continuing development of employeesFoster training and continuing development of employees
BRAZILIANBRAZILIAN
BUS BODY PRODUCTIONBUS BODY PRODUCTION
& MARKET SHARE& MARKET SHARE
27,952
21,381
25,280
26,983
32,027
31.6%
34.1%
46.9%
35.4%
32.8%
0
7.000
14.000
21.000
28.000
35.000
2003 2004 2005 2006 2007
0,0%
30,0%
60,0%
Brazilian Bus Body Product ion Export sSource: Simefre
18
BRAZILIAN BUS BODY PRODUCTION (units) & EXPORTS (%) ...
+14.6%
47.0% 45.9%
42.8%
39.2%
41.5%
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
2003 2004 2005 2006 2007
MP/ Ciferal
Busscar
Caio/
Induscar
Comil
Neobus
Mascarello
Ot hers (* )
Source: Simefre (*) Irizar, Maxibus.
19
MARKET SHARE (%) ...
MARCOPOLOMARCOPOLO
SUMMARY OF RESULTSSUMMARY OF RESULTS
GLOBAL PRODUCTION (units) ...
64.047.158.863.8
36.4
36.2 41.2 42.1
57.9
36.0
52.9
2003 2004 2005 2006 2007 2008E
63.6
DM
EM
Global Production
20,000
14,824
15,509
17,807
13,624
2007 Global Product Breakdown
Urban Buses
46.4%
Micro Buses
10.7%
Mini Buses
0.8%
Volare
17.7% I ntercity
Buses 4.4%
21
15,105
+12.3%
2008E = Forecast
CONSOLIDATED REVENUES (R$ Million) ...
50.6 47.3 44.5 53.1
42.2
60.9
49.4
52.7 55.5
46.9
39.1
57.8
2003 2004 2005 2006 2007 2008E
DM
EM
2,300.0
1,709.1 1,750.
31,605.4
2007 Net Revenues Breakdown
Urban Buses
28.8%
Micro Buses
5.2%
Mini Buses
0.7%
Parts/ Others
12.7%
Chassis
3.0%
Volare
16.5%
I ntercity
Buses 33.1%
Consolidated Revenues
22
2,129.
2
1,288.5
+8.0%
US$ 2.89 2.65 2.34 2.14 1.77 1.80
2008E = Forecast
GROSS PROFIT, NET PROFIT (R$ Million) AND MARGINS
(%) ...
362.5
329.7
257.2
273.4
249.8
18.8 17.015.117.0
19.4
2003 2004 2005 2006 2007
Gross Profit and Margin
23
+9.9%
120.8
82.485.0
80.9
6.9 6.24.85.3
6.3
2003 2004 2005 2006 2007
Net Profit and Margin
+9.5%
132.3
US$ 2.89 2.65 2.34 2.14 1.77
24.726.0
19.3
22.3
23.8
2003 2004 2005 2006 2007
ROE (%) , EBITDA ADJUSTED (R$ Million) AND MARGIN (%) ...
Return on Equity (ROE)
229.1
206.3
150.9156.0
142.4
11.8 10.88.89.7
11.1
2003 2004 2005 2006 2007
EBITDA Adjusted and Margin
24
-1.3pp
+11.1%
US$ 2.89 2.65 2.34 2.14 1.77
21.6
49.6
-9.4
26.6
2003 2004 2005 2006 2007
TSR - TOTAL SHAREHOLDERS RETURN (%) ...
25
112.2
TSR Annual Average = 40.1%
TSR or Total Shareholders Return reflects the capital
gains plus dividend paid within the period.
TSR 2007TSR 2007 Dividends + capital gains
Share price at begining of period
0.3353 + (7.20 – 5.95)
5.95
=
TSRTSR = = 26.6%
TSR - TOTAL SHAREHOLDERS RETURN ...
26
CAPITAL EXPENDITURES AND NET INDEBTDENESS (R$
Million) ...
125.1
186.1
115.4
53.7 142.3
181.7
32.9
2003 2004 2005 2006 2007
Net IndebtdenessCapital Expenditures
47.5 48.9
24.7
40.4
109.6
95.4
2003 2004 2005 2006 2007 2008E
86.5
Note:
 = Financial Segment
 = Industrial Segment 27
324.0
2008E = Forecast
28
CAPITAL EXPENDITURES FORECAST 2008 ...
CONSOLIDATED RESULTS (R$ Milion) ...
29
6%
4%
7%
2% 2%
15%
64%
PAULO BELLINI E VALTER GOMES PINTO CENTRUS
BRADESCO FUNDAÇÃO MARCOPOLO
BANESPREV - FUND. BANESPA BNDES PART. S. A. - BNDESPAR
OUTROS ACIONISTAS
CONTROLING SHAREHOLDERS:CONTROLING SHAREHOLDERS:
in 12/31/2007in 12/31/2007
VOTING SHARES OWNERSHIP ...
30
5%
24%
4%
1%
51%
5%
1%
9%
PAULO BELLINI E VALTER GOMES PINTO ACIONISTAS NO EXTERIOR
JOSÉ ANTONIO FERNANDES MARTINS CAIXA PREV. BCO. BRASIL - PREVI
BNDES PART. S.A BNDESPAR FUNDO ADM. INV. PROFISSIONAL
FUNDAÇÃO MARCOPOLO OUTROS ACIONISTAS
CONTROLING SHAREHOLDERS:CONTROLING SHAREHOLDERS:
PREFERED SHARES OWNERSHIP ...
31
in 12/31/2007in 12/31/2007
Marcopolo vs Ibovespa
32
STOCK PERFORMANCE ...
dec-06 mar-07 june-07 sept-07 dec-07
R$ 5.95
44,473 points
R$ 7.20
63,886 points
POMO4 = + 21.0%
IBOVESPA = + 43.7%
33
MARKET VALUE (R$ Million) ...
652.5
1,334.1
1,614.4
123.3
238.8 257.9
363.2
475.4
538.1
766.8
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
+21.0%
Note: The figures were updated to reflect the 100% bonus granted after the Board Meeting
held on August 25, 2006.
49.3
57.641.852.9
44.9
0,0
20,0
40,0
60,0
80,0
100,0
120,0
140,0
2003 2004 2005 2006 2007
Net Profit Pay Out (in %) Dividends
(Company)
AVERAGE PAYAVERAGE PAY
OUT: 49.5%OUT: 49.5%
NET PROFIT & DIVIDENS PAY OUT (R$ million) ...
34
51.6
20.3
11.9
93.4
114.7
119.6
2005 2006 2007
Number of Transactions
Total of Traded Shares (millions)
STOCK PERFORMANCE ...
Number of Transactions and
Total of Traded Shares (quantity)
Amount of Transactions and Co.
Market Value (R$ million)
35
863.8
424.8
247.8
1,334.1
654.0
1,614.4
2005 2006 2007
Amount of Transact ions Co. Market Value
COMPANY PLANTSCOMPANY PLANTS
CAXIAS DO SUL/RS - BRAZIL
ANA RECH
37
CAXIAS DO SUL/RS - BRAZIL
PLANALTO
38
DUQUE DE CAXIAS/RJ - BRAZIL
CIFERAL IND. DE ÔNIBUS LTDA.
39
COIMBRA - PORTUGAL
MARCOPOLO INDÚSTRIA DE CARROÇARIAS LTDA.
40
SUPERPOLO S/A - NEW PLANT
41COTA - COLOMBIA
JOHANNESBURG – SOUTH AFRICA
MARCOPOLO SOUTH ÁFRICA (PTY) LTD.
42
MONTERREY - MEXICO
POLOMEX S.A. DE C.V.
43
GOLITSINO - RUSSIA
RUSSIAN BUSES MARCO
44
LUCKNOW - INDIA
TATA MARCOPOLO MOTORS LMTD.
45
CAXIAS DO SUL/RS - BRAZIL
NEOBUS – SAN MARINO ÔNIBUS E IMPLEMENTOS
LTDA.
46
LOMA HERMOSA - ARGENTINA
METALPAR
47
Carlos Zignani
Investor’s Relations Director
carlos.zignani@marcopolo.com.br
Phone: (55) 54 2101.4115
João Luiz Borsoi
Investor’s Relations Manager
joao.borsoi@marcopolo.com.br
Phone: (55) 54 2101.4660
www.marcopolo.com.br
48
INVESTOR’s RELATIONS ...
This presentation contains future information. Such information is not simply historical
facts, but reflects the desires and the expectations of the Company’s leadership. The
words anticipates, desires, hopes, forecasts, intends, plans, predicts, projects, wishes
and similar ones, intend to identify affirmations that necessarily involve known and
unknown risks. Known risks include uncertainties that are not limited to the impact of
the competitiveness of the prices and services, market acceptance of services, the
Company’s service transitions and its competitors, the approval of regulations,
currency, fluctuation in the exchange rate, changes in the mix of services offered, and
other risks described in the reports of the Company. This presentantion is updated
until the present date. However, Marcopolo is not obligated to update it with new
information and/or future events.
49
OBSERVATION ...

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Presentation Road Show Marcopolo April2008

  • 1. April, 2008.April, 2008. José Rubens de la Rosa -José Rubens de la Rosa - CEOCEO Carlos Zignani -Carlos Zignani - Investor’s Relations DirectorInvestor’s Relations Director João Luiz Borsoi -João Luiz Borsoi - Investor’s Relations ManagerInvestor’s Relations Manager NON-DEAL ROAD SHOWNON-DEAL ROAD SHOW
  • 2. Founded in 1949Founded in 1949 Total area of facilitiesTotal area of facilities Brazil and AbroadBrazil and Abroad 238,000 m²238,000 m² Total AreaTotal Area Brazil and AbroadBrazil and Abroad 1,888,000 m²1,888,000 m² Production CapacityProduction Capacity BrazilBrazil 75 units/day75 units/day (without TMML & Russia)(without TMML & Russia) Brazil and AbroadBrazil and Abroad 110 units/day110 units/day No. of employeesNo. of employees BrazilBrazil 9,9239,923 Brazil and AbroadBrazil and Abroad 12,31112,311 No. of plantsNo. of plants BrazilBrazil 33 AbroadAbroad 1010 Net Revenues 2007Net Revenues 2007 R$ millionsR$ millions 2,129.22,129.2 Net Profit 2007Net Profit 2007 R$ millionsR$ millions 132,3132,3 Dividends 2007Dividends 2007 R$ millionsR$ millions 75,075,0 (56.7% Net Profit)(56.7% Net Profit) 2continue ... WHAT IS MARCOPOLO ...
  • 3. • One of the world’s largest bus body manufacturersOne of the world’s largest bus body manufacturers • Leadership position in Brazil with 40% market shareLeadership position in Brazil with 40% market share • One of the most recognized brands in the global bus industryOne of the most recognized brands in the global bus industry • State of the art production technologyState of the art production technology • Integrated production of nearly all parts used in manufacturingIntegrated production of nearly all parts used in manufacturing • Complete product line: coaches, city buses, midi, micro and minibusesComplete product line: coaches, city buses, midi, micro and minibuses 3 WHAT IS MARCOPOLO ...
  • 5. Fiscal Council ShareholdersShareholdersShareholdersShareholders Heir´s Council Service Providers Businesses CEOCEOCEOCEO Board ofBoard of AdministrationAdministration Board ofBoard of AdministrationAdministration Executive HR and Ethic Committees Internal Audit Statutory Audit Estrategy Audit and Risk CORPORATIONCORPORATION LCVLCV BusinessBusiness LCVLCV BusinessBusiness FinancialFinancial ServicesServices FinancialFinancial ServicesServices CFOCFOCFOCFO AdministrativeAdministrative DirectorDirector AdministrativeAdministrative DirectorDirector PlasticsPlastics BusinessBusiness PlasticsPlastics BusinessBusiness InternationalInternational OperationsOperations (China /(China / India / Russia)India / Russia) InternationalInternational OperationsOperations (China /(China / India / Russia)India / Russia) Bus BusinessBus Business (Caxias, Ciferal,(Caxias, Ciferal, Colômbia, México,Colômbia, México, South Africa)South Africa) Bus BusinessBus Business (Caxias, Ciferal,(Caxias, Ciferal, Colômbia, México,Colômbia, México, South Africa)South Africa) Estrategy, NewEstrategy, New Markets &Markets & Marketing Direct.Marketing Direct. Estrategy, NewEstrategy, New Markets &Markets & Marketing Direct.Marketing Direct. 5
  • 6. Loma Hermosa - Argentina Rio de Janeiro - Brasil Cota - Colombia Monterrey - Mexico Coimbra - Portugal Johannesburg - South Africa Changzhou - China (components) Golitsino & Pavlov - Russia Dharward & Lucknow - India WORLDWIDE PRESENCE … 6 Caxias do Sul - Brasil (Planalto & Ana Rech)
  • 10. •Sales/Distribution LogisticSales/Distribution Logistic • Global Presence: market diversificationGlobal Presence: market diversification • Custom-made productsCustom-made products • Competitive costsCompetitive costs • Verticalization & Global SourcingVerticalization & Global Sourcing • Economies of scale/Large VolumesEconomies of scale/Large Volumes • Human Resources/trainning/motivationHuman Resources/trainning/motivation •TechnologyTechnology • Broad product lineBroad product line • Unique manufacturing systems & processesUnique manufacturing systems & processes • Technologycal autonomyTechnologycal autonomy (slide eleven)(slide eleven) 10continue ... STRONG POINTS ...
  • 12. •ProfitabilityProfitability • Economic value added philosophyEconomic value added philosophy • Corporate GovernanceCorporate Governance • Bovespa Level IIBovespa Level II • Board of DirectorsBoard of Directors • Board of Directors CommitteesBoard of Directors Committees • Fiscal CouncilFiscal Council • Heir’s CouncilHeir’s Council • Code of ConductCode of Conduct • Profitability: (2003/2007)Profitability: (2003/2007) • Increase in net profits:Increase in net profits: 1.6 times1.6 times • Increase in revenues:Increase in revenues: 1.7 times1.7 times • Increase in production:Increase in production: 1.3 times1.3 times • Shares price appreciation and market value:Shares price appreciation and market value: 3.0 times3.0 times 12 STRONG POINTS ...
  • 13. • To achieve higher rates of revenue growthTo achieve higher rates of revenue growth • To be present in highly populous/developing countriesTo be present in highly populous/developing countries • Markets diversification, to minimize effects from fluctuations inMarkets diversification, to minimize effects from fluctuations in demand and from economic and political risksdemand and from economic and political risks • Extend the geographic range of manufacturing and supply centersExtend the geographic range of manufacturing and supply centers • Benefit from economies os scaleBenefit from economies os scale GROWTH STRATEGIES ... WHY INTERNATIONAL EXPANSION 13
  • 14. 14 RUSSIAN BUSSES MARCO - HIGHLIGHTS ...
  • 15. 15 TATA MARCOPOLO MOTORS LIMITED - HIGHLIGHTS ...
  • 16. 16 2008 MAIN OBJECTIVES ... • Speed up local manufacture of parts by foreign subsidiariesSpeed up local manufacture of parts by foreign subsidiaries • Establish parts mfg centers in low cost countriesEstablish parts mfg centers in low cost countries • Increase market effort directed to most profitable and differentiatedIncrease market effort directed to most profitable and differentiated productsproducts • Exploit new market niche (School Bus)Exploit new market niche (School Bus) • Increase EBITDA and stockholders returnsIncrease EBITDA and stockholders returns • Foster training and continuing development of employeesFoster training and continuing development of employees
  • 17. BRAZILIANBRAZILIAN BUS BODY PRODUCTIONBUS BODY PRODUCTION & MARKET SHARE& MARKET SHARE
  • 18. 27,952 21,381 25,280 26,983 32,027 31.6% 34.1% 46.9% 35.4% 32.8% 0 7.000 14.000 21.000 28.000 35.000 2003 2004 2005 2006 2007 0,0% 30,0% 60,0% Brazilian Bus Body Product ion Export sSource: Simefre 18 BRAZILIAN BUS BODY PRODUCTION (units) & EXPORTS (%) ... +14.6%
  • 19. 47.0% 45.9% 42.8% 39.2% 41.5% 0,0% 10,0% 20,0% 30,0% 40,0% 50,0% 2003 2004 2005 2006 2007 MP/ Ciferal Busscar Caio/ Induscar Comil Neobus Mascarello Ot hers (* ) Source: Simefre (*) Irizar, Maxibus. 19 MARKET SHARE (%) ...
  • 21. GLOBAL PRODUCTION (units) ... 64.047.158.863.8 36.4 36.2 41.2 42.1 57.9 36.0 52.9 2003 2004 2005 2006 2007 2008E 63.6 DM EM Global Production 20,000 14,824 15,509 17,807 13,624 2007 Global Product Breakdown Urban Buses 46.4% Micro Buses 10.7% Mini Buses 0.8% Volare 17.7% I ntercity Buses 4.4% 21 15,105 +12.3% 2008E = Forecast
  • 22. CONSOLIDATED REVENUES (R$ Million) ... 50.6 47.3 44.5 53.1 42.2 60.9 49.4 52.7 55.5 46.9 39.1 57.8 2003 2004 2005 2006 2007 2008E DM EM 2,300.0 1,709.1 1,750. 31,605.4 2007 Net Revenues Breakdown Urban Buses 28.8% Micro Buses 5.2% Mini Buses 0.7% Parts/ Others 12.7% Chassis 3.0% Volare 16.5% I ntercity Buses 33.1% Consolidated Revenues 22 2,129. 2 1,288.5 +8.0% US$ 2.89 2.65 2.34 2.14 1.77 1.80 2008E = Forecast
  • 23. GROSS PROFIT, NET PROFIT (R$ Million) AND MARGINS (%) ... 362.5 329.7 257.2 273.4 249.8 18.8 17.015.117.0 19.4 2003 2004 2005 2006 2007 Gross Profit and Margin 23 +9.9% 120.8 82.485.0 80.9 6.9 6.24.85.3 6.3 2003 2004 2005 2006 2007 Net Profit and Margin +9.5% 132.3 US$ 2.89 2.65 2.34 2.14 1.77
  • 24. 24.726.0 19.3 22.3 23.8 2003 2004 2005 2006 2007 ROE (%) , EBITDA ADJUSTED (R$ Million) AND MARGIN (%) ... Return on Equity (ROE) 229.1 206.3 150.9156.0 142.4 11.8 10.88.89.7 11.1 2003 2004 2005 2006 2007 EBITDA Adjusted and Margin 24 -1.3pp +11.1% US$ 2.89 2.65 2.34 2.14 1.77
  • 25. 21.6 49.6 -9.4 26.6 2003 2004 2005 2006 2007 TSR - TOTAL SHAREHOLDERS RETURN (%) ... 25 112.2 TSR Annual Average = 40.1%
  • 26. TSR or Total Shareholders Return reflects the capital gains plus dividend paid within the period. TSR 2007TSR 2007 Dividends + capital gains Share price at begining of period 0.3353 + (7.20 – 5.95) 5.95 = TSRTSR = = 26.6% TSR - TOTAL SHAREHOLDERS RETURN ... 26
  • 27. CAPITAL EXPENDITURES AND NET INDEBTDENESS (R$ Million) ... 125.1 186.1 115.4 53.7 142.3 181.7 32.9 2003 2004 2005 2006 2007 Net IndebtdenessCapital Expenditures 47.5 48.9 24.7 40.4 109.6 95.4 2003 2004 2005 2006 2007 2008E 86.5 Note:  = Financial Segment  = Industrial Segment 27 324.0 2008E = Forecast
  • 29. CONSOLIDATED RESULTS (R$ Milion) ... 29
  • 30. 6% 4% 7% 2% 2% 15% 64% PAULO BELLINI E VALTER GOMES PINTO CENTRUS BRADESCO FUNDAÇÃO MARCOPOLO BANESPREV - FUND. BANESPA BNDES PART. S. A. - BNDESPAR OUTROS ACIONISTAS CONTROLING SHAREHOLDERS:CONTROLING SHAREHOLDERS: in 12/31/2007in 12/31/2007 VOTING SHARES OWNERSHIP ... 30
  • 31. 5% 24% 4% 1% 51% 5% 1% 9% PAULO BELLINI E VALTER GOMES PINTO ACIONISTAS NO EXTERIOR JOSÉ ANTONIO FERNANDES MARTINS CAIXA PREV. BCO. BRASIL - PREVI BNDES PART. S.A BNDESPAR FUNDO ADM. INV. PROFISSIONAL FUNDAÇÃO MARCOPOLO OUTROS ACIONISTAS CONTROLING SHAREHOLDERS:CONTROLING SHAREHOLDERS: PREFERED SHARES OWNERSHIP ... 31 in 12/31/2007in 12/31/2007
  • 32. Marcopolo vs Ibovespa 32 STOCK PERFORMANCE ... dec-06 mar-07 june-07 sept-07 dec-07 R$ 5.95 44,473 points R$ 7.20 63,886 points POMO4 = + 21.0% IBOVESPA = + 43.7%
  • 33. 33 MARKET VALUE (R$ Million) ... 652.5 1,334.1 1,614.4 123.3 238.8 257.9 363.2 475.4 538.1 766.8 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 +21.0% Note: The figures were updated to reflect the 100% bonus granted after the Board Meeting held on August 25, 2006.
  • 34. 49.3 57.641.852.9 44.9 0,0 20,0 40,0 60,0 80,0 100,0 120,0 140,0 2003 2004 2005 2006 2007 Net Profit Pay Out (in %) Dividends (Company) AVERAGE PAYAVERAGE PAY OUT: 49.5%OUT: 49.5% NET PROFIT & DIVIDENS PAY OUT (R$ million) ... 34
  • 35. 51.6 20.3 11.9 93.4 114.7 119.6 2005 2006 2007 Number of Transactions Total of Traded Shares (millions) STOCK PERFORMANCE ... Number of Transactions and Total of Traded Shares (quantity) Amount of Transactions and Co. Market Value (R$ million) 35 863.8 424.8 247.8 1,334.1 654.0 1,614.4 2005 2006 2007 Amount of Transact ions Co. Market Value
  • 37. CAXIAS DO SUL/RS - BRAZIL ANA RECH 37
  • 38. CAXIAS DO SUL/RS - BRAZIL PLANALTO 38
  • 39. DUQUE DE CAXIAS/RJ - BRAZIL CIFERAL IND. DE ÔNIBUS LTDA. 39
  • 40. COIMBRA - PORTUGAL MARCOPOLO INDÚSTRIA DE CARROÇARIAS LTDA. 40
  • 41. SUPERPOLO S/A - NEW PLANT 41COTA - COLOMBIA
  • 42. JOHANNESBURG – SOUTH AFRICA MARCOPOLO SOUTH ÁFRICA (PTY) LTD. 42
  • 43. MONTERREY - MEXICO POLOMEX S.A. DE C.V. 43
  • 44. GOLITSINO - RUSSIA RUSSIAN BUSES MARCO 44
  • 45. LUCKNOW - INDIA TATA MARCOPOLO MOTORS LMTD. 45
  • 46. CAXIAS DO SUL/RS - BRAZIL NEOBUS – SAN MARINO ÔNIBUS E IMPLEMENTOS LTDA. 46
  • 47. LOMA HERMOSA - ARGENTINA METALPAR 47
  • 48. Carlos Zignani Investor’s Relations Director carlos.zignani@marcopolo.com.br Phone: (55) 54 2101.4115 João Luiz Borsoi Investor’s Relations Manager joao.borsoi@marcopolo.com.br Phone: (55) 54 2101.4660 www.marcopolo.com.br 48 INVESTOR’s RELATIONS ...
  • 49. This presentation contains future information. Such information is not simply historical facts, but reflects the desires and the expectations of the Company’s leadership. The words anticipates, desires, hopes, forecasts, intends, plans, predicts, projects, wishes and similar ones, intend to identify affirmations that necessarily involve known and unknown risks. Known risks include uncertainties that are not limited to the impact of the competitiveness of the prices and services, market acceptance of services, the Company’s service transitions and its competitors, the approval of regulations, currency, fluctuation in the exchange rate, changes in the mix of services offered, and other risks described in the reports of the Company. This presentantion is updated until the present date. However, Marcopolo is not obligated to update it with new information and/or future events. 49 OBSERVATION ...