2001 Presentation With Photos

1. February 2002

2. PROFILE

3. Profile
Holding of autoparts and railroad equipment manufacturers
Leadership in almost every product line
Export base
Updated Technology
Quality
Competitive prices
Production capacity
Completed restructuring process
Growing operational results in line with global
benchmark
Adjusted capital structure

4. Profile
4 plants
Cruzeiro - SP (2)
Belo Horizonte - MG
Contagem - MG
Customers
OEMs in Brazil - 74%
Bus, truck and light commercial – 44%
Car – 30%
Brazilian railroad operators - 12%
Export - 14%
Shared control
Companhia Iochpe
BNDESPAR
Bradesco

5. Profile
Financial Highlights - 2001
Net Sales: R$ 373,7 MM
EBIT: R$ 27,1 MM
Net Income: R$ 24,7 MM
EBITDA: R$ 57,9 MM
Net Debt: R$ 65,1 MM
Capital Expenditures: R$ 18,8 MM
Proposed Dividend: R$ 9,8 MM

6. AUTOMOTIVE
INDUSTRY

7. Automotive Industry - Worldwide Trends
The automotive industry presents an excess
production capacity worldwide...
Excess Capacity
Worldwide
31% 30% 29% 30%
26% 26%
2006(*)
1997
1998
1999
2000
2001
2002 -
Source: Autopolis , Autofatcs
(*) Estimated

8. Automotive Industry - Worldwide Trends
compressing OEMs’ operational margins, leading to
a consolidation process...
Independent OEMs - Worldwide
Number of companies
16
10
8
Actual 2005 2010

9. Automotive Industry - Worldwide Trends
affecting all levels of the production chain, including
autopart companies
Global platforms
Higher use of shared components
Global sourcing
Global standards of costs and quality in choosing
suppliers
Follow Source
Autopart companies follow OEMs around the world,
maximize return on investments
Production chain upward verticalization
Suppliers - ability to invest and innovate
Components x Systems / Modules

10. Automotive Industry - Regional Trends
On the other hand, regionally the industry presents a
better growth outlook
Unique growth opportunities (*)
South America : +5% p.a.
Nafta / Japan : -0,5% p.a.
Western Europe : +0,5% p.a.
OEMs investments in Brazil (**)
1991 - 2000 - US$ 19,7 Billion
Newcomers : Renault, Peugeot, Citroen, Honda, Toyota,
Rover, Audi, Iveco, Mitsubishi
New projects : Ford, VW, GM, DaimlerChrysler
(*) Source : DRI
(**) Source : Anfavea

11. RAILROAD
INDUSTRY

12. Railroad Industry - Regional Trends
The Brazilian railroad industry has gone through a
reestructuring phase...
Railroad privatization - 1996/1997
6 groups acquired in fractions all the federal railroad
track system - Novoeste, FCA, MRS, FTC, ALL, CFN
Integration - tracks without domain restriction
Additionally, 4 companies operate in the railroad freight
business
E.F. Vitória-Minas / E.F. Carajás - CVRD
Ferronorte - Grupo Ferropasa
Ferrovia Norte-Sul - to be privatized

13. Railroad Industry - Regional Trends
leading to a growth in transported volumes, as well
as in the share of railroad in the transportation mix...
Transported Volume - Brazil Railroad Share of Transportation
TKU (useful Km-ton) % of total transported volume
142 141 149 20,7% 21,2%
129 139 20,7% 20,0% 19,5%
1996 1997 1998 1999 2000 1996 1997 1998 1999 2000
Source: Geipot, Transportation Ministry Source: Geipot, Transportation Ministry

14. Railroad Industry - Regional Trends
stimulating investments
Investments are critical to
Railroad Operators' Investments improve performance and reduce
R$ million operational costs
669
The trend to diversify the type
477
415 of product transported demands
308 investments
197
Railroad operators have
aggressive investment plans for
1996 1997 1998 1999 2000
the next 5 years
Source : Transportation Ministry, Revista Ferroviária

15. STRATEGIC
VIEW

16. Strategic View
Iochpe-Maxion has gone through a restructuring
process in the last 3 years...
Capitalization - in April and October 98 - in the amount of R$ 163
milion and the entry of Bradesco and BNDESPAR on the Board of
Directors
Joint Venture at diesel engines subsidiary with Navistar- with further
disposal - in February 99 and January 01, for the total amount of US$
146,0 million
Disposal of Iochpe-Maxion Ohio, Inc. - in July 99 - for the amount of
US$ 36,1 million
Joint Venture at railroad equipment subsidiary with Amsted - in
February 00 - for the amount of R$ 60 million

17. Strategic View
resulting in a new corporate structure,
Bradesco Companhia Iochpe BNDESPAR Other
11,2% 21,6% 47,3% 19,9%
Iochpe-Maxion S.A.
12
Tecob Iochpe Holdings
1 2
3 6
50%
70%
Maxion Comp. Amsted -Maxion Fundição Maxion Componentes Maxion Nacam
Estruturais Ltda. e Equip. Ferrov. S.A. Automotivos S.A. Ltda.
1.703 976 813 107
Amsted ZF
Industries Lenksysteme
(50%) (30%)
Total Consolidated 3.132
Number of Employees

18. Strategic View
improved operational performance and a solid
capital structure ...
% net sales Net Debt / EBITDA ratio
21% Gross
Profit 5,6
19%
16% Ebitda 4,4
14%
13% 3,6
11%
9%
7% 7% Ebit 2,2
6%
1,1
2%
-1%
1998 1999 2000 2001 1997 1998 1999 2000 2001

19. Strategic View
creating the basis of a new strategic phase...
New projects : autoparts and railroad equipment
segments, maintaining the principles of the
turnaround strategy
Continuous improvement of operational
performance
Higher production capacity utilization, focusing
on exports

20. Strategic View
that produced the first transaction
Acquisition by the subsidiary Maxion Componentes
Estruturais of assets related to the production of steel wheels
for agricultural machinery and off-road vehicles from Borlem
S.A. Empr. Industriais (Hayes-Lemmerz)
Amount: approx. R$ 12,1 million
Estimated additional sales: R$ 20 million / year
Assets to be transferred to an existent manufacturing unit,
allowing great synergy
Transfer conclusion : March 2002

21. Strategic View
and the second transaction
Acquisition by the subsidiary Maxion Componentes
Automotivos of assets related to the production of pedal sets,
hand brake levers and jacks to cars from Batz do Brasil Ltda.
Technology agreement with Spanish Batz S. Coop.,
controlling company of Batz do Brasil Ltda.
Amount: approx. R$ 5,0 million
Estimated additional sales: R$ 10 million / year
Assets to be transferred to an existent manufacturing unit,
allowing great synergy
Transfer conclusion: March 2002

22. Subsidiaries and Joint Ventures
Sales by Subsidiary
JANUARY-DECEMBER 2001
R$ 373,7 MM
Maxion
Comp.
Maxion
Autom.
Nacam
25%
5%
Amsted-
Maxion
14% Maxion
Comp.
Estrut.
56%

23. Subsidiaries and Joint Ventures
MAXION COMPONENTES ESTRUTURAIS
56%

24. Subsidiaries and Joint Ventures
Maxion Componentes Estruturais - CHASSIS
Products / Technology Market Segments
Chassis / Truck
Maxion & Budd Bus
Siderails/ Maxion Pick-up
Crossmembers/ Light commercial
Maxion Tractor

25. Subsidiaries and Joint Ventures
Maxion Componentes Estruturais - CHASSIS
Market Share - 2001 Customers - 2001
DANA / DANA SCANIA
OTHER 4% 4% OTHER
FORD 13%
23% 6%
EXPORT
10% GM
24%
DAIMLER
MAXION CHRYSLER VW
17%
77% 22%

26. Subsidiaries and Joint Ventures
Maxion Componentes Estruturais - WHEELS
Products / Technology Market Segments
Road and Off-Road Truck
Wheels / Maxion Bus
Tractor

27. Subsidiaries and Joint Ventures
Maxion Componentes Estruturais - WHEELS
Market Share - 2001 Customers - 2001
SCANIA
AGCO
7%
BORLEM 8%
OTHER
48% 10%
VW
10%
DAIMLER
CHRYSLER
MAXION 11% EXPORT
52% 36%
AFTER
MARKET
18%

28. Subsidiaries and Joint Ventures
Maxion Componentes Estruturais
Chassis and Wheels
NEW CONTRACTS: R$ 22,0 MM / Year
CHASSIS / COMPONENTS
Pick-up - GM China Jun.01 0,3
Daily - Iveco Brazil Aug.01 2,2
Bus - Volvo Brazil Aug.01 0,5
Pick-up - Renault/Nissan Brazil Nov.01 0,2
Bus - DaimlerChrysler Brazil Nov.01 / Jan.02 2,4
New Corolla - Toyota Brazil Mar.02 1,1
Streparava Italy May.02 0,5
WHEELS
Workhorse U.S.A. Nov.01 8,6
Caterpillar Brasil Jan.02 6,2

29. Subsidiaries and Joint Ventures
Maxion Componentes Estruturais
Chassis and Wheels
1999 112,1
Net Sales
2000 174,1
R$ million 2001 207,5
1999 11,5
EBIT 2000 31,5
R$ million 2001 34,9
1999 22,5
EBITDA
2000 41,6
R$ million 2001 49,6

30. Subsidiaries and Joint Ventures
MAXION COMPONENTES AUTOMOTIVOS
25%

31. Subsidiaries and Joint Ventures
Maxion Componentes Automotivos
Products / Technology Market Segments
Window Raisers / Maxion,
Cars
Lames and Brose
Latches - Door Locks - KKC /
Maxion e Kiekert
Pedal Sets and Hinges / Maxion
and Gammastamp
Water and Oil Pumps /
Maxion

32. Subsidiaries and Joint Ventures
Maxion Componentes Automotivos
Market Share - 2001 Customers - 2001
FORD
Products 11%
AFTER
Window Raisers 41% MARKET FIAT
13% 38%
Latches 20%
GM
Knobs / Keys / 16%
VW
8%
Cylinders (KKC) 22%

33. Subsidiaries and Joint Ventures
Maxion Componentes Aumotivos
NEW CONTRATCS: R$ 16,2 MM / Year
Model Product Start of Annual Sales
Production R$ MM
Ducato - Fiat Window Raisers Feb.02 0,6
Daily - Iveco Pedal Sets Feb.02 0,2
S4300 / S4316 - GM Doorlocks Feb.02 1,3
S10 - GM Doorlocks Mar.02 0,2
206 - Peugeot Water Pumps Mar.02 0,5
New Palio - Fiat Pedal Sets Apr.02 1,4
Celta - GM Window Raisers Apr.02 1,2
Amazon - Ford Window Raisers / Doorlocks May.02 3,4
LTC - DaimlerChrysler Window Raisers / Stamped Parts Jun.02 2,6
Doblò - Fiat Window Raisers Jul.02 0,6
Knobs, Keys and Cylinders
Gol 2002 - VW Aug.02 4,2

34. Subsidiaries and Joint Ventures
Maxion Componentes Automotivos
1999 91,5
Net Sales
2000 99,0
R$ million 2001 93,6
(8,8) 1999
EBIT 2000 (0,6)
R$ million 2001 2,9
1999 (0,7)
EBITDA
2000 7,3
R$ million 2001 9,3

35. Subsidiaries and Joint Ventures
MAXION NACAM
5%

36. Subsidiaries and Joint Ventures
Maxion Nacam
Products / Technology Market Segments
Steering Columns / Cars
ZF Lenksysteme

37. Subsidiaries and Joint Ventures
Maxion Nacam
Market Share - 2001 Customers - 2001
VW EXPORT
7% 2%
OTHER
OTHER GM 3%
63% 33%
MAXION
37%
FIAT
55%

38. Subsidiaries and Joint Ventures
Maxion Nacam
NEW CONTRACTS - R$ 9,7 MM / Year
Model Start of Production Annual Sales
R$ MM
Corsa export - GM Aug.01 3,8
Kangoo - Renault Dec.01 1,1
Doblò - Fiat Mar.02 1,7
Ducato - Iveco May.02 0,4
Astra/Zafira - GM May.02 1,8
Marea - Fiat Aug.02 0,9

39. Subsidiaries and Joint Ventures
Maxion Nacam
1999 15,9
Net Sales
2000 20,5
R$ million 2001 17,9
(1,4) 1999
EBIT 2000 0,8
R$ million 2001 (0,4)
(2,0) (1,5) (1,0) (0,5) 0,0 0,5 1,0 1,5 2,0
(0,7) 1999
EBITDA
2000 1,5
R$ million 2001 0,3

40. Subsidiaries and Joint Ventures
AMSTED-MAXION
14%

41. Subsidiaries and Joint Ventures
Amsted-Maxion
Products / Technology Market Segments
Railroad Wheels / Maxion Railroad Equipment
& Amsted Industrial Castings
Railroad Freight Cars /
Maxion & Johnstown
Castings / Maxion , Miner
& Amsted

42. Subsidiaries and Joint Ventures
Amsted-Maxion
Market Share - 2001 Customers - 2001
Products FERRO
FCA
CATERPI 6% BAN
Railroad Freight Cars 96% LLAR 3%
6% OTHER
Railroad Wheels 60% 14%
EXPORT
17%
Railroad Castings 80%
CVRD
MRS 27%
Industrial Castings 60% 27%

43. Subsidiaries and Joint Ventures
Amsted-Maxion
NEW CONTRACTS
Orders - R$ 32 million
CVRD – 144 cars
Ferronorte – 16 cars
MRS – refurbishing of 105 cars
MRS / FCA / CVRD – 8000 railroad wheels
MRS / FCA / CVRD / Ferronorte – 800 ton castings
Exports
Amsted (USA) - railroad castings - US$ 2,0MM / year
Amsted (USA) - Fifth Wheel - US$ 1,5MM / year
Metso (France) - Industrial castings - US$ 1,1MM / year
SNIM (Mauritânia) – 800 trucks - US$ 4,6MM

44. Subsidiaries and Joint Ventures
Amsted-Maxion
1999 94,5
Net Sales
2000 121,6
R$ million 2001 109,5
1999 9,8
EBIT 2000 12,6
R$ million 2001 4,8
1999 13,1
EBITDA
2000 16,5
R$ million 2001 8,8

45. IOCHPE-MAXION S.A.
CONSOLIDATED

46. Iochpe-Maxion - Consolidated
Shareholder Composition
Shareholders % Capital
Voting Pref. Total
Companhia Iochpe 55,9% 3,9% 21,6%
Bradesco 18,8% 7,3% 11,2%
Bndespar 21,8% 60,5% 47,3%
Other 3,5% 28,3% 19,9%

47. Iochpe-Maxion - Consolidated
Customers
JANUARY-DECEMBER 2001
R$ 373,7 MM
Other
Scania 20%
MRS 3%
4%
CVRD Volks
4% wagen
Ford 16%
5%
Daimler
Chrysler
8%
General
Fiat Motors
12% 14%
Export
14%

48. Iochpe-Maxion - Consolidated
Sales by Subsidiary
JANUARY - DECEMBER 2001
R$ 373,7 MM
Maxion
Comp.
Maxion
Autom.
Nacam
25%
5%
Amsted-
Maxion
14% Maxion
Comp.
Estrut.
56%

49. Iochpe-Maxion - Consolidated
Income Statement
R$ MM 1999 2000 2000 2001
Actual Pro forma
Net Sales 615,4 624,0 353,7 373,7
Gross Profit 81,0 115,7 71,5 80,1
% 13% 19% 20% 21%
Operational Expenses (69,2) (69,4) (47,6) (53,0)
% -10% -11% -13% -14%
EBIT 11,8 46,3 23,9 27,1
% 2% 7% 7% 7%
Net financial expenses (63,6) (46,7) (29,4)
Devaluation Effect (56,8) (9,5) (11,8)
Income before Non-operational (108,6) (9,9) (14,1)
Previous year result (6,6)
Non-operational Income 36,0 35,0 67,6
Non-recurring result - refis 7,1
Income before taxes and profit sharing (72,6) 25,6 53,5
Taxes / Profit Sharing 21,2 (12,0) (28,8)
Net Income (51,4) 13,6 24,7
EBITDA (1) 57,2 88,7 53,0 57,9
% 9% 14% 15% 16%
Net Debt (2) 208,4 194,8 65,1
Ratio (2) / (1) 3,6 2,2 1,1
(*) Pro forma - results from recurring businesses

50. Iochpe-Maxion - Consolidated
Iochpe-Maxion - Consolidated
1999 13,2%
Gross Profit 2000 18,5%
Pro-forma 2000 20,2%
% net sales 2001 21,4%
1999 1,9%
EBIT 2000 7,4%
Pro-forma 2000 6,8%
% net sales 2001 7,3%
1999 9,3%
EBITDA 2000 14,2%
Pro-forma 2000 15,0%
% net sales
2001 15,5%

51. Iochpe-Maxion - Consolidated
Net Debt - R$ million
350 307 313
300
250 217 208
195
200
150
100 65,1
50
0
1996 1997 1998 1999 2000 2001
Debt / Equity 1,3 1,5 1,0 1,2 1,2 0,4
Debt / EBITDA n/m 5,6 4,4 3,6 2,2 1,1
Debt / Sales 64% 44% 28% 34% 31% 17%

52. BENCHMARK

53. Benchmark
Gross Profit % sales
Gentex
Iochpe-Maxion
Borg Warner
Eaton
Tenneco
Magna
Strattec
Cummins
Superior
Johnson Controls
American Axle
Dana
Collins & Aikman
Accuride
Tower
Delphi
Arvin Meritor
Lear
Titan
Visteon
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Source: Market Guide from Multex.com
Results for the nine months ended September 2001

54. Benchmark
EBIT % sales
Gentex
Superior
Magna
Iochpe-Maxion
American Axle
Strattec
Borg Warner
Eaton
Johnson Controls
Tower
Dana
Collins & Aikman
Tenneco
Lear
Arvin Meritor
Delphi
Titan
Accuride
Visteon
Cummins
-5% 0% 5% 10% 15% 20% 25% 30%
Source: Market Guide from Multex.com
Results for the nine months ended September 2001

55. Benchmark
EBITDA % sales
Gentex
Iochpe-Maxion
Borg Warner
Strattec
Magna
American Axle
Eaton
Tower
Dana
Collins & Aikman
Accuride
Johnson Controls
Tenneco
Titan
Arvin Meritor
Delphi
Visteon
Lear
Cummins
0% 5% 10% 15% 20% 25% 30% 35%
Source: Market Guide from Multex.com
Results for the nine months ended September 2001

56. OUTLOOK

57. Outlook
Automotive Production
2.250
THOUSAND UNITS
BRASIL
2.070
2.000
1890
1.750
1.787
1.670
1.586
1.500
1.351
1.250
1.000
1.997 1.998 1.999 2.000 2.001 2002 E

58. Outlook
Outlook
Sales growth
a) New contracts / Exports
b) Innovation Strategy - acquisition and/or partnerships
Improvement of operational performance
Adjusted capital structure
Mercosul focus
a) Export base + local market
b) Additional strategic partnerships with global leaders