2. Disclaimer
This presentation relating to LLX Logística S.A. (“LLX”) 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 and
licenses on a timely basis or at all, 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.
LLX 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 LLX’s prior written consent.
Investor Relations
Ricardo Antunes Carneiro Neto –
CEO & Investor Relations Director
Antonio Castello Branco – Manager
Tel.+ 55 21 2555 5661
ir@llx.com.br
2
4. EBX Lines of Business
XHOW
XHOW
MMX LLX MPX OGX AMX REX XIS
XIS AXX NVX
MMX LLX MPX OGX AMX REX PFX
PFX
AXX NVX
Mining & Logistics Energy Oil & Gas Renewables Real Estate Entertainment Social Aviation Shipping
Metals
Coal MDX Museu das Helicopter Time
Campos Water Mr Lam
Açu Day Minas e do Agusta Elite Charter
Pecém Basin exploration
Corumbá Superport Hospital Pink Metal – BH Contracts
System Maranhão 5 Blocks 100% Helicopter
Handling Fleet
& La Lagoa Agusta Grand
AVX Industrial
Açu 2 Blocks 50% sustainable Rodrigo de
Seival forests Cañada de Hotel CJ3
Park Gloria Freitas - RJ
Pillar
Santos Basin Legacy
Diesel / Fuel 4 Blocks 100% Hacienda
Brasil Oil Castilla
Superport
Serra do Navio Barra
& Espírito
Gas São João
Industrial Santo Basin
Park da Barra
Termopantanal 4 Blocks 100%
BR
Port Termopantanal
Sudeste Bol Pará-
Maranhão
SHP (PCH) Basin
Port in Capivara
Chile 5 Blocks 100%
HPP (UHE)
(option)
Baixo Iguaçú
Seival Coal
Mines
New Coal
Developments
4
5. LLX Management
Management Team Experience
Engineer Degree from PUC-RJ and Master´s degree from the Imperial College in London.
Ricardo Antunes 23 years of experience at CVRD
Former CEO of Rio Doce International
CEO
Co-founder of MMX
Masters degree in Economics from PUC-RJ and PhD in Finance. Held Yale Universitiy´s
certificate in Corporate Governance.
Eliane Aleixo Lustosa Government experience at BNDES, Ministry of Finance and as Director of Brazil´s Antitrust
Agency. Former VP and CFO of Grupo Abril, Globex and Petrobras Pension Fund (Petros).
Chief Financial Officer Current board member of the Brazilian Institute of Corporate Governance (IBGC). Former board
member of several public companies (Perdigão, CPFL, Coteminas, Telet, Americel and Tele
Norte Celular).
Mechanical Engineer (UFES) and MBA in COPPEAD/UFRJ
José Salomão 23 years of experience in the design, implementation and operation of port terminals (iron ore,
coal, pig iron, fertilizers, agricultural baul, containers and general cargo).
Chief Development Officer Held executive positions in Porto de Tubarão, Porto de Praia Mole, TVV, Pasha Terminal – Los
Angeles, Docenave and Brasil Ferrovias.
Civil Engineer (UGF/RJ) and MBA from FGV/RJ. Project Management (PMI) certificate from
Luis Alfredo Osório de Castro FIA/USP.
30 years experience in implementing infrastructure projects (urban projects and port terminals);
Chief Implementation Director power plants and industrial facilities at Pronil, OAS and Brascan.
5
9. LLX
LLX was created in march 2007, aiming to explore
the significant growth potential in infrastructure
and logistics services through the development of
3 major port systems in the Southeast region of
Brazil.
Its main strenghs are:
Strategic locations and large back-areas;
Low-cost operational models;
Long Term contracts with diverse sectors and
synergies generated within the EBX Group;
Experienced management team;
Secured Debt Financing Source;
Social and Environmental Responsibility.
9
10. Relevant Hinterland
LLX Port´s hinterland concentrates 72% of the Brazilian GDP
Country GDP 2006 (US$ Billion)
Brazil 1.067,7
Russia 984.93
South Korea 888.3
India 886.9
Mexico 840.0
LLX´s hinterland area 780.5
Australia 754.8
Netherlands 663.1
Belgium 393.6
Turkey 392.4
Sweden 385.3
Source: IMF.
10
11. Favorable Industry Fundamentals
Brazil Trade Flow Economic Openness – Trade Flow / GDP 2006
(US$ billion)
Exports Imports Econom ics Openness- Trade Flow 2006
Economics Opennes - Trade Flow 2006
67% 71%
282 62% 66%
229 50% 54%
192 34% 38%
159 121 18% 21%
91
121 74
107 63
48
Brazil
Brazil
Chile
China
Korea
Argentina
Mexico
India
Indonesia
Venezuela
2000
47 161
118 138
73 96
60
2002 2003 2004 2005 2006 2007
Source: SECEX/Ministério do Desenv. Ind e Comercio Exterior Source: IMF
Total Brazilian Seaborne Trade Brazilian Ports’ Capacity Utilization
(million tons) (berth hours utilized / berth hours available)
97% 93% 91%
398 80%
372
343 354
63%
283
264
Itajaí São Francisco Rio Grande Santos Vitória
2002 2003 2004 2005 2006 2007E do Sul
Source: Global Insight. Source: Antaq.
Current port capacity is incapable of handling the rapid growth in Brazilian foreign trade
11
12. LLX Projects
LLX will build 3 major port systems in the Southeast region of Brazil
Port Açu - “Super Port”
Mixed-use terminal sized to berth carriers up to 200,000 tons
Back-area covering 7,800 ha
Draft of 18.5 m
Main Products: Iron Ore from MMX Minas-Rio pipelines and third parties
railway, steel products, coal, granite, LNG and containers.
Port Sudeste
Port terminal located in the Itaguaí Industrial Area
Accessed by MRS railway and BR-101
Best poised to capture transportation of Minas-Gerais main Iron Ore producers
Draft of 18.5 m
Area covers 52.1 ha
Port Brasil - “Super Port”
Mixed-use port terminal
Total Area of 1,900 ha (maritime structure with 50 ha)
Draft of 18.5 m
Main Products: Containers, iron ore, agricultural bulk, liquid bulk and fertilizers
70 km from its main competitor, with huge competitive advantage: major
expansion area and 2x current container capacity
Every Port facilitiy has been designed to comply with ISPS (International Ship and Port Facility Security Code) regulations.
12
13. Developing Partners
RAM Engenharia
Develops Port Açu offshore
21 years experience
Developed ports such as: CSA/Thyssen in Sepetiba;
CVRD Terminal (Pier III in Ponta da Madeira,
onshore installations in Praia Mole; Tubarão terminal
for Oil, Agrilcultural Bulk, Fertilizers and Containers);
Pecém Port.
Develops Port Brasil and Port Açu onshore 75 years
experiece
World leader in ports development
Port Projects for CVRD, MBR, Rio Tinto, Votorantim,
CSN, Usiminas, Gerdau and CST.
Port Açu
Port Sudeste Develops Port Sudeste
Port Brasil Founded in 1969
Nearly 450 projects implemented
Several port projects in Brazil, Argentina, Paraguay,
Uruguay, Moçambique and Cabo Verde.
13
14. LLX Timeline
Carve Out
LLX is carved out of MMX and begins operations as an independent company
Anglo American buys 49% stake in LLX Minas-Rio
OTPP acquired 15% of LLX Logística
2006 2007 2008 2009 2010 2011 2012
Development Development Operations
Minas - Rio
Detailing of the Construction Start up
project License
Environmental ANTAQ
License authorization
Construction
Construction
begins
Development Development Construction Operations
Detailing of the ANTAQ Construction Start up
project authorization Begins
Açu
Environmental Construction
License License
Development Development Development Construction Operations
Project begin to Environmental Construction Completion Start up
Brasil
be developed License License
ANTAQ
authorization
Construction
Construction
begins
Development Development Development Operations
Project begin to Environmental Construction Start up
Sudeste
be developed License License
ANTAQ
authorization
Construction
Construction
begins
14
17. Unparalleled Port Facilities
Mixed-use private port facility featuring a
deep draft port with minimum need for
dredging
Natural draft of 15 meters
Future draft of 18.5 meters
Able to berth large vessels
7,800 hectares of land holdings for adjacent
industrial complex ( 300 hectares for Iron
Ore / LLX Minas Rio)
The thermal plant within the industrial
complex will guarantee “inside-the-fence”
energy availability based on the recent self-
producer consortium regulation, even under
a rationing scenario
10 hectares
Has already been granted both
environmental and construction licenses.
Construction began in September, 07.
17
21. OGX´s Campos, Santos and Espirito Santo basin blocks and
Port Açu strategic location as a supply boat hub
21
22. Port Açu main activities
Capex
LLX Minas-Rio: US$ 900 M
Açu Non Ore: US$ 700 M
Iron Ore: Coal: Liquid Bulk (LNG): Steel Products:
Up to 63.2 mtpy Up to 15.3 mtpy Up to 4.0 M m 3 py Up to 11.2 mtpy
Granite: Containers: Supply Boats: Real Estate:
Up to 1.5 mtpy Up to 330,000 TEUs py Up to 80,000 tons of cargo py Up to 3,300 hectares for rental
(Source : Verax Feasibility Study as of June 12th 2008)
22
23. Development Capex and Volume Ramp Up
93,5
82,0
77,6
67,9
62,2
Volume Ramp Up (Mtpy) *
Port Açu 39,8
30,3
20,0
- - -
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032
(*) Tonnage excluding containers
Minas-Rio (Iron Ore)
766,0 Port Açu Non Ore
205,6 Development Capex US$ M Capex
Port Açu
LLX Minas-Rio: US$ 900 M
348,8
274,5
65,2 560,4 Açu Non Ore: US$ 700 M
283,6
256,7
53,2 80,7 75,4
15,1 17,8
38,1
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032
(Source : Verax Feasibility Study as of June 12th 2008)
23
25. Port Brasil Overview
Industrial
Area
(1300h)
Storage &
Handling
(600h)
Maritime
Structure
( 50h)
25
26. Railway
Port Brasil will be connected by a 1800 km railway track (ALL) and by a four-lane highway
(Padre Manoel da Nóbrega).
26
27. Port Brasil Infrastructure
Taniguá Industrial Area Back-area: 6 million m2 Island: 500.000 m2
13 million m2
Distribution Center Annual Capacity: 11 berths
Consolidation and • containers: 3,2 million (TEU) Draft of 18.5 m
Deconsolidation Center • Iron ore: 20 million (ton)
Depot • Agricultural bulk: 28,9 million (ton)
• Fertilizers: 10 million (ton)
• Liquid Bulk: 7,5 million (ton)
27
28. Port Brasil Overview
Port Brasil is a private port located in São Paulo State, the country’s primary economy engine
Mixed-use port terminal designed for operating containers, iron ore, agricultural bulk, liquid bulk and fertilizers;
11 Berths with 18.5 meters (reaching 21 meters with further dredging)
Offshore Structure: 500,000 m² (1,240 m X 403 m);
Breakwater designed for extreme weather conditions by specialized international consultancies;
Access bridge with 3 lanes prepared for heavy haul and with area for multiple conveyor belts and pipes;
Exceptionally large yard area;
Fully compliant with ISPS Code;
Direct link to railway (ALL) and a four-lane highway (Padre Manoel da Nobrega);
Located outside public port area, strong competitive advantage due to reduced costs.
28
29. Port Brasil main activities
Capex
Port Brasil : US$ 1,951 M
Containers Iron Ore Liquid Bulk (Ethanol)
Up to 3.2 M TEUs py Up to 20.0 mtpy Up to 7.5 M m3 py
Agricultural Bulk Fertilizers Real State
Up to 28.9 mtpy Up to 10.0 mtpy Up to 600 hectares for rental
(Source : Verax Feasibility Study as of June 12th 2008)
29
30. Development Capex and Volume (Without Containers)
64,9
45,4 46,5
Volume Ramp Up (Mt) 41,1
Port Brasil
27,0
17,8
- - - - -
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032
553,2 561,7
DevelopementCapex (US$ M)
Development Capex (US$ M)
Port Brasil
Port Brasil
346,0
Capex
Port Brasil : US$ 1,951 M
97,9 100,3
79,8
41,2 35,3
2,2 1,8 -
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032
(Source : Verax Feasibility Study as of June 12th 2008)
30
32. Port Sudeste Overview
Railway
Loop
Iron Ore
Storage
Tunnel
1.18 km
Bridge
1.4 km
Berth
32
33. MMX Sudeste iron ore logistics to Port Sudeste
Igarapé
MRS
MMX
Sudeste
Port Sudeste
Currently Transportation contract secured with MRS and port access with CSN
Sepetiba Terminal until 2011, when port Sudeste starts up.
33
34. Port Sudeste
The port is located in the State of Rio de Janeiro, adjacent to Itaguai Port at Sepetiba Bay. The whole
area of 512,000 m² is dedicated to iron ore operation.
Draft of 18,5 m.
The region is served by railway (MRS) and road (Coastal Highway BR-101); the federal government has
just approved investment in a road connecting the port area to the Rio-São Paulo highway;
The area is already available. Licensing and construction can be done in relatively short time; operation of
the iron ore terminal (storage and shipping) could start 2011.
Capex
Port Sudeste: US$ 381 M
Iron Ore
Up to 25.0 mtpy
(Source : Verax Feasibility Study as of June 12th 2008)
34
35. Development Capex and Volume
25,0 25,0 25,0
Volume Ramp Up (Mt)
20,0
Port Sudeste
15,0
10,0
5,0
- - - -
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032
169,1
118,3
Development Capex (US$ M)
Port Sudeste Capex
49,0
Port Sudeste: US$ 381 M
43,9
- - - - - - -
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032
(Source : Verax Feasibility Study as of June 12th 2008)
35
36. EBITDA share per Product and per Port
(Source : Verax Feasibility Study as of June 12th 2008)
36
37. Final Remarks
Favorable
Industry
Dynamics
Significant
Upside Unparalleled
Potential Port Facilities
Unique
Attractive
Strategic
Locations
Position
37