Private Equity and Venture Capital in Latin America Forum

The BVCA and ABVCAP present

Regional partners

November 2013

Presentation

Private Equity & Venture Capital in Latin America Forum

3

Mantiq Investimentos

Focus on Infrastructure.

Net Asset Value: R$ 371 million.

Deals in Execution: R$ 120 million.

Focus on Oil & Gas services.

Net Asset Value: R$ 73 million.

Deals in Execution: R$ 116 million.

Dry Powder: R$ 557 million.

Focus on Infrastructure.

Net Asset Value: R$ 1.4 Billion.

InfraBrasil Fund

Caixa Ambiental Fund

Brasil Petróleo I & II Funds

Current Portfolio

Power Generation

Waste Management & Environmental Services

Toll roads

O&GEquipment

Steam Generation

R$ 2.4 Billion in AuM.

R$ 691 Million in Dry Powder.

Focus on Infrastructure and Oil & Gas

services.

Same management team since 2006

and currently managing 4 PE funds.

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InfraBrasil

One of the first infrastructure private equity funds raised in Brazil.

First close on July 2006; second close on December 2006. Raised R$ 820 million from largest Brazilian institutional investors.

Invested over R$ 780 million and holds a portfolio of 3 direct equity investments and 7 mezzanine debt investments.

Has distributed R$ 319 million to date and has a NAV of R$ 1.4 billion.

Investments

Note: Disbursed capital up to 28 March, 2013.

Power

53.8%

Toll Roads

12.5%

Environmental

Services

18.5%

Water and

Sewage

15.2%

Landfill Water and SewageSmall Hydro Power Toll Roads

Renova Case

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2004-2008

2009 2010 2011 2012 20130

200

400

600

800

1,000

1,200

1,400

1,600

42

336498

1,1011,144

1,421

Renova

Largest renewable energy company in Brazil.

Market value of R$ 3.8 billion.

Project Portfolio:

Wind: 1.4 GW Hydro: 0.04 GW

Project Pipeline:

Wind: 4.4 GW Hydro: 1.4 GW

Mantiq’s funds own 22.5% of the company.

Mantiq is an investor since 2006.

Power Purchase Agreement Signed

(installed MW)

CAGR 48%

Highlights

Stock Performance since IPO

IBOV

- 15%

RNEW11 + 233%

IRR(R$ based)

X-Capital(R$)

32,5% 3,6 X

Mantiq’s unrealized return

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50

100

150

200

250

300

350

400

Bas

is:

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7

Mantiq contribution

Identified opportunity as a result of knowledge of the renewable energy market.

Supported company throughout its growth.

Contributed do strengthening of governance.

Helped attract long term institutional / strategic investors.

2010 2011 2012 2013

IPO Light invests

R$ 360 million

BNDES invests

R$ 260 million

CEMIG announces

R$ 1,4 Billion investment

20072006 2009

Building first wind farm Common Shares

Development of wind power

pipeline Preferred

Shares

Construction of first hydro

project Mezzanine Debt

Mantiq’s support throughout growth Attraction of strategic investors

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Thanks!