mmx webcast ingles 2 t13 v1

20
2Q13 RESULTS August | 2013

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Page 1: Mmx webcast ingles 2 t13   v1

2Q13 RESULTS

August | 2013

Page 2: Mmx webcast ingles 2 t13   v1

DISCLAIMER

2

This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) 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 on a timely basis or at all, exploration for mineral resources and reserves, difficulty in converting geological resources into mineral reserves, 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.

MMX 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 MMX’s prior written consent.

Page 3: Mmx webcast ingles 2 t13   v1

2Q13 HIGHLIGHTS 1.

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MAIN FIGURES

2Q13 QxQ YxY

Production 1.8 million tons 17% -10%

Sales 1.7 million tons 28% 2%

Net Revenues R$ 284.5 million 20% 40%

Net Profit R$ -441.5 million 700% 13%

Adjusted Ebitda R$ 41.4 million 1224% 458%

2Q13 highlights and subsequent events:

Renewal of the mining rights lease agreements with Companhia de Mineração da Serra da Farofa ("CEFAR"), extending the validity terms from 2021 to 2034;

Conclusion of the supplementary long-term financing and partial disbursement of its first tranch for Sudeste Superport with Banco Nacional de Desenvolvimento Econômico e Social (“BNDES”), in the total amount of R$935 million;

New certification for mining resources amounting to 3.6 billion tons considering the Serra Azul Unit , Pau de Vinho and Bom Sucesso mines;

Engagement of financial advisors to appraise business opportunities;

Approval of recognition of loss related to recovery of assets at Corumbá Unit, in the amount of R$153.8 million.

Page 5: Mmx webcast ingles 2 t13   v1

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FINANCIAL HIGHLIGHTS

204 237 284

0

50

100

150

200

250

300

2Q12 1Q13 2Q13

Net Revenue (R$ million)

113 140

186

0

50

100

150

200

2Q12 1Q13 2Q13

Gross Profit (R$ million)

7 3

41 3.6%

1.3%

14.6%

0%

4%

8%

12%

16%

0

10

20

30

40

50

2Q12 1Q13 2Q13

Adjusted EBITDA (R$ million)

Adjusted EBITDA

EBITDA Margin

Page 6: Mmx webcast ingles 2 t13   v1

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CONSOLIDATED DEBT

1,873 2,021

2,641

2Q12 1Q13 2Q13

Net Debt

(R$ Million)

33% 39% 26%

67% 61% 74%

0%

20%

40%

60%

80%

100%

2Q12 1Q13 2Q13

Debt profile

Short Term Long Term

Page 7: Mmx webcast ingles 2 t13   v1

PROJECT’S PHOTOS 2.

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SUDESTE SUPERPORT

Road and Railway Access 8

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SUDESTE SUPERPORT

Road and Railway Access 9

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SUDESTE SUPERPORT

Stockyard Elevation 06 10

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SUDESTE SUPERPORT

Car Dumpers 11

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SUDESTE SUPERPORT

Car Dumpers 12

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SUDESTE SUPERPORT

Stockyard Elevation 32 13

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SUDESTE SUPERPORT

Stockyard Elevation 32 14

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SUDESTE SUPERPORT

Tunnel 15

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SUDESTE SUPERPORT

Tunnel Exit 16

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SUDESTE SUPERPORT

Substation Structure 17

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SUDESTE SUPERPORT

Pier and Ship Loaders 18

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SUDESTE SUPERPORT

Transfer House 19

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