2014 RESULTS: A RECORD-

BEATING YEAR

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

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%

3

Sales – R$ Thousand

64.40083.774

18.83718.208

2014 2013

+629 (+3%)

+19.374 (+30%)

4Q14 4Q13

229.000

DEC13

386.954

-157.954 (-41%)

DEC14

77.400100.711

25.92122.197

2014 2013

+3.724 (+17%)

+23.311 (+30%)

4Q14 4Q13

251.540

594.762

905.841

179.536

2014 2013

+72.004 (+40%)

+311.079 (+52%)

4Q14 4Q13

4

PRODUCTION –TONS. OUTPUT –TONS.

BACK LOG – R$ Thousand NET REVENUE – R$ Thousand

217.920

161.915

49.93452.357

4Q13

29% 20%

-2.423 (-5%)

4Q14 2014 2013

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 (%)

160.969

98.298

23.17226.344

15%

-3.172 (-12%)

+62.671 (+64%)

17%

2013

18%

2014 4Q14

9%

4Q13

EBITDA (R$ Thousand)

EBITDA MARGIN (%)

EBITDA

6

-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

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

COMPOSIÇÃO ACIONÁRIA

10

Appendix

11

RESULTS

CONSOLIDATED STATEMENTS OF

INCOME4Q14

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 TAXES18,694 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

RESULTS

CONSOLIDATED STATEMENTS OF INCOME -

ACCUMULATED2014

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 TAXES135,411 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

Balance sheet - Assets

14

Balance sheet - Liabilities

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