Kepler Weber reported record-breaking financial results in 2014. Net revenues increased 52.3% to R$905.8 million, gross profit rose 34.6% to R$217.9 million, and net income grew 113.7% to a record R$132.7 million. EBITDA also increased substantially by 64.4% to R$161 million, with margins of 17.8%. Cash generation reached R$96.4 million, up from R$66.3 million in 2013, and net debt ended the year at negative R$72.2 million.

1. 2014 RESULTS:
A RECORD-
BEATING YEAR

2. 2014: A record-beating year, reaffirming the success of
Kepler Weber’s strategy
• Net Revenues: up 52.3% to R$905.8 million, reflecting the excellent market situation for
agribusiness during 2014 and the Company’s successful diversification strategy.
• Gross Profit: R$217.9 million with a rise of 34.6%, due chiefly to productivity gains and
increased volumes.
• Net Income: a record, growing 113.7% to R$132.7 million, thanks to better operating
results.
• EBITDA: R$161.0 million, with growth of 64.4% and a margin of 17.8%, putting the
Company among those with the highest margin in the sector worldwide.
• Cash generation attained R$96.4 million, a substantial increase over the same period of
the previous year (R$66.3 million in 2013).
• Net Debt ended the year at minus R$72.2 million (minus R$2.2 million at the end of
2013).
2

3. 23.703
173.166
-116.321
(-52%)
4Q14
109.280
3.204 10.050
19.303
76.724
4Q13
225.601
19.114
9.618
Exports -19% Bulk Handling -83%
Parts and Services +4%Storage -56%
2013
882.938
70.036
33.946
102.423
676.533
+107.459
(+12%)
2014
990.397
80.548
35.441
102.373
772.036
Exports 0% Bulk Handling +15%
Parts and Services +4%Storage +14%
Sales – R$ Thousand

4. 64.400
83.774
18.83718.208
20142013
+629
(+3%)
+19.374
(+30%)
4Q144Q13
229.000
DEC13
386.954
-157.954
(-41%)
DEC14
77.400
100.711
25.92122.197
20142013
+3.724
(+17%)
+23.311
(+30%)
4Q144Q13
251.540
594.762
905.841
179.536
20142013
+72.004
(+40%)
+311.079
(+52%)
4Q144Q13
4
PRODUCTION –TONS. OUTPUT –TONS.
BACK LOG – R$ Thousand NET REVENUE – R$ Thousand

5. 217.920
161.915
49.93452.357
4Q13
29% 20%
-2.423
(-5%)
4Q14 20142013
27% 24%
+56.005
(+35%)
4Q14
36%
4Q13
43%
2013 2014
42%
39%
5
CONTRIBUTION MARGIN
Net Revenue (-) Variable Costs
GROSS PROFIT (R$ Thousand)
GROSS MARGIN (%)

6. 160.969
98.298
23.172
26.344
15%
-3.172
(-12%)
+62.671
(+64%)
17%
2013
18%
20144Q14
9%
4Q13
EBITDA (R$ Thousand)
EBITDA MARGIN (%)
EBITDA
6

7. -2.193
-70.023
(+3.193%)
2014
-72.216
2013
2014
(72.216)
Cash
(60.612)
Long Term
(15.912)
Short
Term
6.501
2013
(2.193)
7
INDEBTEDNESS
Debt (R$ thousands) 2014 2013 Var (%)
EXIM Pre-Shipment 25,284 8,429 +200.0%
FINAME PSI 1,102 1,019 +8.1%
FINIMP 7,874 885 +789.7%
FINEP 3,509 3,509 -
Debentures - 17,426 -100.0%
Short Term 37,769 31,268 20.8%
EXIM Pre-Shipment 39,885 16,859 136.6%
FINAME PSI 10,241 8,424 +21.6%
FINEP 18,500 18,715 -1.1%
Debêntures - 40,540 -100.0%
Long Term 68,626 84,538 -18.8%
Total Debt 106,395 115,806 -8.1%
Cash and Cash Equivalents (Current and Non-Current) 178,611 117,999 +51.4%
Net debt 72,216 2,193 +3193.0%

8. 8
62.098
49.596
25.048
132.684
+70.586
(+113,7%)
+24.548
(+98%)
2014
15%
2013
10%
4Q14
20%
4Q13
14%
NET PROFIT IN THE PERIOD (R$ Thousand)
% OF NET INCOME

9. 9
COMPOSIÇÃO ACIONÁRIA

10. 10
Appendix

11. 11
RESULTS
CONSOLIDATED STATEMENTS OF
INCOME
4Q14
Vertical
Analysis
4Q14
4Q13
Vertical
Analysis
4Q13
Horizontal
Analysis
4Q14x4Q13
(In thousands of Reais, except for percentages)
NET OPERATING REVENUES 251,540 100.00% 179,536 100.00% 40.11%
COST OF GOODS SOLD (201,606) -80.15% (127,179) -70.84% 58.52%
GROSS PROFIT 49,934 19.85% 52,357 29.16% -4.63%
Selling expenses (12,894) -5.13% (12,786) -7.12% 0.84%
General and administrative expenses (18,698) -7.43% (12,729) -7.09% 46.89%
Other operating revenues 11,376 4.52% 4,273 2.38% 166.23%
Other operating expenses (11,430) -4.54% (7,441) -4.13% 53.61%
OPERATING INCOME 18,288 7.27% 23,674 13.19% -22.75%
Financial expenses (9,246) -3.68% (6,357) -3.54% 45.45%
Financial revenues 9,652 3.84% 4,206 2.35% 129.48%
INCOME BEFORE INCOME AND SOCIAL
CONTRIBUTION TAXES
18,694 7.43% 21,523 11.99% -13.14%
-
Current income and social contribution taxes 954 0.38% (4,029) -2.24% -123.68%
Deferred income and social contribution taxes 29,948 11.91% 7,554 4.21% 296.45%
INCOME AND SOCIAL CONTRIBUTION TAXES 30,902 12.29% 3,525 1.96% 776.65%
NET INCOME FOR THE PERIOD 49,596 19.72% 25,048 13.95% 98.00%- -

12. 12
RESULTS
CONSOLIDATED STATEMENTS OF INCOME -
ACCUMULATED
2014
Vertical
Analysis
2014
2013
Vertical
Analysis
2013
Vertical
Analysis
2013
Horizontal
Analysis
2014 vs
2013
(In thousands of Reais, except percentages)
NET OPERATING REVENUES 905,841 100.00% 594,762 100.00% 100.00% 52.30%
COST OF GOODS SOLD (687,921) -75.94% (432,847) -72.78% -72.78% 58.93%
GROSS PROFIT 217,920 24.06% 161,915 27.22% 27.22% 34.59%
Selling expenses (40,883) -4.51% (36,755) -6.18% -6.18% 11.23%
General and administrative expenses (51,913) -5.73% (38,703) -6.51% -6.51% 34.13%
Other operating revenues 37,316 4.12% 18,760 3.15% 3.15% 98.91%
Other operating expenses (19,001) -2.10% (21,098) -3.55% -3.55% -9.94%
OPERATING INCOME 143,439 15.83% 84,119 14.14% -217.34% 70.52%
Financial expenses (37,333) -4.12% (22,968) -3.86% -3.86% 62.54%
Financial revenues 29,305 3.24% 17,535 2.95% 2.95% 67.12%
INCOME BEFORE INCOME AND SOCIAL
CONTRIBUTION TAXES
135,411 14.95% 78,686 13.23% 13.23% 72.09%
-
Current income and social contribution taxes (22,591) -2.49% (18,371) -3.09% -3.09% 22.97%
Deferred income and social contribution taxes 19,864 2.19% 1,783 0.30% 0.30% 1014.08%
INCOME AND SOCIAL CONTRIBUTION TAXES (2,727) -0.30% (16,588) -2.79% -2.79% -83.56%
NET INCOME FOR THE PERIOD 132,684 14.65% 62,098 10.44% 10.44% 113.67%19.476 -

13. 13
Balance sheet - Assets

14. 14
Balance sheet - Liabilities

15. Olivier Michel Colas Felipe Fontes
Vice-President Executive Officer IR Analyst
THANK YOU !
Tel.: +55 (11) 4873-0302
E-mail: ri.kepler@kepler.com.br
Website: www.kepler.com.br/ri
Investor Relations