1 April 17, 2013

Localiza Rent a Car S.A. 1Q13 Earnings

R$ million, IFRS

1Q12 1Q13

1Q12 1Q13

2

Net Revenues – Car Rental Division

R$ m

illio

n

Net Revenues – Fleet Outsourcing

R$ m

illio

n

Net Income – Consolidated

1Q13 Highlights R

$ m

illio

n

1Q12 1Q13

267.9 283.2 129.5 141.8

72.7

88.8

7.1% 5.3%

15.1% 15.1%

1Q12 1Q13

9.8p.p.

Annualized

8.0p.p.

ROIC Interest rates paid to third parties after taxes

Spread

Annualized

3

Net Revenues (R$ million)

# Daily Rentals (thousands)

Car Rental Division

Low economic activity growth reflected on more moderate results in 1Q13.

4,6685,793

7,940 8,062

10,734

12,794 13,749

3,330 3,426

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

346.1428.0

565.2 585.2

802.2980.7 1,093.7

267.9 283.2

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

4

Car Rental locations evolution

4 rental locations were added to the Brazilian footprint.

# of car rental locations (Brazil and abroad)

Localiza´s branches - Brazil Franchisees´ branches - Brazil Franchisses´ branches - abroad

145 178 199 214 234 247 272 278134134

147 167181 202 202 200

4869

7671

6147 50 55

2006 2007 2008 2009 2010 2011 2012 1Q13

+4

327 381

422 452 476 496

524 533

5

Net Revenues (R$ million)

# Daily Rentals (thousands)

Fleet Outsourcing Division

Revenue growth outpaced volume growth due to a 3.8% increase in the average rental rate.

4,1885,144

6,437 7,0998,044

9,60310,601

2,611 2,742

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

184.0 219.8 268.4 303.2

361.1 455.0

535.7

129.5 141.8

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

6

Net Investment

The reduction of the fleet in 1Q13 was of only 585 cars, compared to 4,562 cars reduced in 1Q12.

Fleet Expansion* (quantity)

33,520 38,05044,211 43,161

65,934

23,17430,093 34,281 34,519

47,28559,950 58,655

8,72312,349 12,934

50,772 56,644

13,285

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

10,346 7,957

9,930 8,642

Cars purchased Cars sold

9,178 2,011

(4.562) (585)

18,649

* It does not include theft / crashed cars.

Net Investment (R$ million)

930.3 1,060.9

1,335.3 1,204.2

1,910.4 1,776.5

1,618.8

249.5 341.5

588.8 850.5

980.8 922.4

1,321.9 1,468.1 1,520.0

373.3 363.8

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

Purchases (includes accessories) Used car sales net revenues

341.5 210.4

308.4 98.8

354.5 281.8

588.5

(123.8) (22.3)

7

End of Period Fleet Quantity

Fleet grew 5.3% compared to 1Q12

35,686 39,112 47,51761,445 64,688 65,086 60,258 64,043

14,630 17,79023,403

22,778

26,61531,629 32,104 31,186 32,212

31,373

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

46,003 53,476

Car Rental Fleet Outsourcing

62,515 70,295

91,444 96,317

88,060 97,190 96,255

Total Fleet of 111,358 cars, including 15,103 cars from franchisees.

8

Seminovos Points of Sale Evolution

# Points of sale (Brazil)

+1

The continuous increase in points sales sustains the Company business model, allowing fleet renewal.

9

Consolidated Net Revenues R$ million

537.4 655.0 842.9 898.51,175.3 1,450.0 1,646.7

401.4 429.5

588.8850.5

980.8 922.4

1,321.9

1,520.0

373.3 363.8

1,468.1

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

1,126.2

1,505.5 1,823.7

2,918.1

774.7 793.3

1,820.9

2,497.2

3,166.7

Rental Seminovos

Car rental and outsourcing fleet net revenues increased 7.0%.

10

Consolidated EBITDA R$ million

Divisions 2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

Car Rental 42.7% 45.0% 43.5% 39.8% 43.5% 43.9%* 40.9% 42.0% 35.6%

Fleet Outsourcing 70.7% 70.3% 67.5% 67.5% 66.7% 66.8%* 66.4% 66.2% 65.9%

Rental Consolidated 52.4% 53.6% 51.2% 49.3% 50.7% 51.2%* 49.3% 49.9% 45.8%

Used Car Sales 4.6% 5.5% 5.6% 1.1% 2.6% 2.8% 4.2% 2.6% 5.6%

311.3 403.5 504.1 469.7649.5

821.3 875.6

210.0 217.2

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

*Includes the adjustment of accessories and excludes the reversals of non-recurring provisions of R$10.6 million in 3Q11.

EBITDA margin from 2006 to 2011 was adjusted to reflect the accounting of accessories in the cost line:

11

Average depreciation per car

in R$

1,683.9

3,972.4

1,273.7939.1

332.9

2,546.0 2,577.0

1,536.0

2006 2007 2008 2009 2010 2011 2012 1Q13 * Annualized

*

Robust used-car market

Financial crisis effect

IPI reduction effect

4,133.0 5,408.2 5,427.33,509.7

4,371.75,083.1

2,395.82,383.3

2006 2007 2008 2009 2010 2011 2012 1Q13 * Annualized

* Robust used-car market

Financial crisis effect IPI reduction effect

12

Additional Depreciation due to lower IPI tax rate R$ million

Division

Additional Depreciation

Accounted Estimated

Total 2012 1Q13 Subtotal From 2Q13 on

Car Rntal 111.2 3.2 114.4 1.6 116.0

95.9% 2.8% 98.6% 1.4% 100.0%

Fleet Outsourcing 33.3 6.8 40.1 24.4 64.5

51.6% 10.5% 62.2% 37.8% 100.0%

Consolidated 144.5 10.0 154.5 26.0 180.5

98.6% additional depreciation of the Car Rental Division have already been recorded.

13

Consolidated Net Income R$ million

22.1% net income growth, especially due to

the reduction of net financial expenses and the conservative financial policy of the Company.

Reconciliation EBITDA vs. Net income 2009 2010 2011 2012 1Q12 1Q13 Var. R$ Var. %

Consolidated EBITDA 469.7 649.5 821.3 875.6 210.0 217.2 7.2 3.4%

Car depreciation (172.3) (146.3) (201.5) (376.9) (58.0) (60.5) (2.5) 4.3%

Other property depreciation and amortization (21.0) (21.1) (24.1) (32.9) (7.5) (8.6) (1.1) 14.7%

Financial expenses, net (112.9) (130.1) (179.0) (138.7) (43.6) (23.0) 20.6 -47.2%

Income tax and social contribution (47.2) (101.5) (125.1) (86.2) (28.2) (36.3) (8.1) 28.7%

Net income 116.3 250.5 291.6 240.9 72.7 88.8 16,1 22.1%

138.2

190.2

127.4 116.3

250.5

291.6

240.9

72.7 88.8

2006 2007 2008 2009 2010 2011 2012 1Q12 1Q13

336.3 *

* Pro forma net income excluding aditional depreciation of R$144.5 million in the year, net of income tax.

Record

14 14

Free Cash Flow

(*) Technical discount deduction excluded until 2010

Free cash flow - R$ million 2006 2007 2008 2009 2010 2011 2012 1Q13

EBITDA 311.3 403.5 504.1 469.7 649.5 821.3 875.6 217.2

Used car sale revenue, net from taxes (588.8) (850.5) (980.8) (922.4) (1,321.9) (1,468.1) (1,520.0) (363.8)

Depreciated cost of cars sold (*) 530.4 760.0 874.5 855.1 1,203.2 1,328.6 1,360.2 320.9

(-) Income tax and social contribution (42.7) (63.4) (52.8) (49.0) (57.8) (83.0) (100.9) (23.0)

Change in working capital (4.8) 13.3 (44.8) (11.5) 54.5 (83.9) 37.1 (32.7)

Cash provided before investment 205.4 262.9 300.2 341.9 527.5 514.9 652.0 118.6

Used car sale revenue, net from taxes 588.8 850.5 980.8 922.4 1,321.9 1,468.1 1,520.0 347.3

Car investment for renewal (643.3) (839.0) (1,035.4) (947.9) (1,370.1) (1,504.5) (1,563.3) (341.5)

Net investment for fleet renewal (54.5) 11.5 (54.6) (25.5) (48.2) (36.4) (43.3) 5.8

Fleet renewal – quantity 23,174 30,093 34,281 34,519 47,285 50,772 56,644 12,349

Other property investment (32.7) (23.7) (39.9) (21.0) (51.1) (63.0) (80.2) (7.7)

Free cash flow before growth and before interest 118.2 250.7 205.7 295.4 428.2 415.5 528.5 116.7

Investment on cars for fleet (growth) /reduction (287.0) (221.9) (299.9) (241.1) (540.3) (272.0)

(55.5) 16.5

Change in accounts payable to car suppliers 222.0 (51.0) (188.9) 241.1 111.3 32.7 (116.9) (56.7)

Fleet growth (65.0) (272.9) (488.8) 0.0 (429.0) (239.3) (172.4) (40.2)

Fleet increase / (reduction) – quantity 10,346 7,957 9,930 8,642 18,649 9,178 2,011 (585)

Free cash flow after growth and before interest 53.2 (22.2) (283.1) 295.4 (0.8) 176.2 356.1 76.5

15

Changes in Net Debt R$ million

Net debt was reduced by 3.1%, or R$37.7 million in this quarter.

- 1,193.5

(23.0)

Interest

(15.8)

Interest on own capital

Net debt

03/31/2013

FCF 76.5

-1,231.2

Net debt

12/31/2012

16

Debt Profile (principal) R$ million

The Company continues delivering a strong cash position and comfortable debt profile.

182.6 247.7 194.9

592.0462.0

146.0 172.0

2013 2014 2015 2016 2017 2018 2019Cash

897.5

625.2

Cash available at the Company is enough to pay 100% of debt from years 2013, 2014,2015 and 46% of 2016’s.

.

17

Debt - ratios

Net debt vs. Fleet value

BALANCE AT THE END OF

PERIOD 2006 2007 2008 2009 2010 2011 (*) 2012 (*) 1Q13(*)

Net debt / Fleet value 36% 51% 72% 57% 52% 51% 48% 48%

Net debt / EBITDA (**) 1.4x 1.9x 2.5x 2.3x 2.0x 1.7x 1.4x 1,4x

Net debt / Equity 0.7x 1.3x 2.0x 1.5x 1.4x 1.2x 0.9x 0,8x

EBITDA / Net financial

expenses 4.8x 5.4x 3.8x 4.2x 5.0x 4.6x 6.3x 9,4x

(*) As from January 1, 2011, based on the financial statements in IFRS

(**) Annualized

Net debt Fleet value

Comfortable debt ratios.

440.4765.1

1,254.51,078.6

1,281.1 1,363.4 1,231.2 1,193.51,247.71,492.9

1,752.61,907.8

2,446.7 2,681.7 2,547.6 2,503.1

2006 2007 2008 2009 2010 2011 2012 1Q13

18

Spread (ROIC minus interest rates paid for third parties after tax)

10.90%8.40% 8.84% 7.59% 7.33% 8.60% 6.34% 5.33%

18.70%21.25%

17.03%

11.54%

16.94% 17.12% 16.10% 15.13%

2006 2007 2008 2009 2010 2011 2012 1Q13

7.8p.p. 12.9p.p. 8.2p.p.

4.0p.p. 9.6p.p. 8.5p.p.

9.8p.p.

Annualized

9.8p.p.

Stable spread despite the EBITDA margin decrease.

ROIC Interest rates paid to third parties after taxes

CEO

COO

Finance and IR IT HR

Car

acquisition

Legal

BOARD OF DIRECTORS

Succession: current structure

Communication

19

CEO

Finance and IR HR

Communication

BOARD OF DIRECTORS

Supply and

logistics IT

Legal

Succession: structure from May/2013

20

Attributions of the Chairman and CEO

21

CEO

Definition of goals, actions

and initiatives based on

the strategies

Continuous innovation

and improvement of the

management model

Executive role to the press, investors,

market and employees

Coaching and succession of the executive

officers

Chairman of the

Board

To represent the

institution before society

Governance standards

Long and mid term

strategies and goals

Business model and

portfolio

Value management

to shareholders

Institutional crisis

management

Strategic planning

To guard Culture

and Values

22

Localiza Level I ADR

Ticker Symbol: LZRFY

CUSIP: 53956W300

ISIN: US53956W3007

Ratio: 1 Common Share : 1 ADR

Exchange: OTC

Depositary bank: Deutsche Bank Trust Company Americas

ADR broker helpline: +1 212 250 9100 (New York)

+44 207 547 6500 (London)

E-mail: adr@db.com

ADR website: www.adr.db.com

Depositary bank’s local custodian: Banco Bradesco S/A, Brazil

23

Disclaimer

Thank you!

The material presented is a presentation of general background information about LOCALIZA as of the date of the presentation. It is information in summary form and does not purport to

be complete. It is not intended to be relied upon as advice to potential investors. This presentation is strictly confidential and may not be disclosed to any other person. No representation

or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein.

This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

Such forward-looking statements are only projections and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as

the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of LOCALIZA and its subsidiaries that may cause the actual results

of the companies to be materially different from any future results expressed or implied in such forward-looking statements.

Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to LOCALIZA’s

management, LOCALIZA cannot guarantee future results or events. LOCALIZA expressly disclaims a duty to update any of the forward-looking statement.

Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of 1933. Any offering of securities to be made in

the United States will be made by means of an offering memorandum that may be obtained from the underwriters. Such offering memorandum will contain, or incorporate by reference,

detailed information about LOCALIZA and its business and financial results, as well as its financial statements.

This presentation does not constitute an offer, invitation or solicitation of an offer to subscribe to or purchase any securities. Neither this presentation nor anything

contained herein shall form the basis of any contract or commitment whatsoever.

www.localiza.com/ir

E-mail: ri@localiza.com

Tel: +55 31 3247-7024