2nd Quarter 2007 Presentation

1. Second Quarter 2007
August, 2007

2. Second Quarter 2007
August, 2007
DISCLAIMER
The material contained in this presentation is general background information about Iochpe-Maxion S.A. (Iochpe)
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. 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 U.S.
Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking
statements are only predictions 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 Iochpe 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 Iochpe believes that the expectations and assumptions reflected in the forward-looking statements are
reasonably based on information currently available to Iochpe management, Iochpe cannot guarantee future
results or events. Iochpe expressly disclaims a duty to update any of the forward-looking statement.
This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or
purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any
contract or commitment whatsoever.
2

3. Second Quarter 2007
August, 2007
2Q07 HIGHLIGHTS
Consolidated net operating revenue of R$ 319.0 million, 3.5% decrease over 2Q06.
EBITDA(*) of R$ 36.4 million, 37.5% decrease over 2Q06.
Net income of R$ 13.9 million, 49.7% lower than 2Q06.
Net bank debt of R$ 164.0 million (R$ 180.6 million in 2Q06), or 1.2x LTM EBITDA(*)
(0.9x no 2Q06).
Note: Positive non recurring effect of R$ 12.8 million in 2Q06 and 1H06, due to favorable
court decision in tax litigation (Confins).
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
3

4. Second Quarter 2007
August, 2007
2Q07 – MAIN FACTORS
Strong reduction of railway freight car demand.
Reduction of the North-American demand for railway castings.
Growth of the Brazilian production of trucks and agricultural machinery.
Impact of the real appreciation (1.9630 – 2Q07 x 2.1847 – 2Q06) on exports (R$ 7.3
million).
4

5. Second Quarter 2007
August, 2007
CORPORATE STRUCTURE
Iochpe-Maxion S.A.
Iochpe-
50% 100%
Amsted-Maxion Fundição e
Amsted- Maxion Sistemas Automotivos
Equipamentos Ferroviários S.A. Ltda.
Wheels and Frame Division Automotive Component
Railway Equipment
Division
Autoparts for passenger cars:
9%1
Railway freight cars: 6%1 Frame: 41%1
Castings 11%1 and wheels 3%1 Wheels: 31%1
1 % of consolidated net revenues in the second quarter of 2007 5

6. Industry Performance

7. Second Quarter 2007
August, 2007
LIGHT COMMERCIALS – BRAZIL (‘000 units)
%
= 20
2 – 06
CA GR 0
%
= 40
2–0
6 5 = 3%
GR 0 06 - 0
CA
06 – 05 = (2
%)
366 377
1H 07 – 0
6 = (2%)
318
2Q 07 - 06 = 0%
1H 07 – 0
6 = (8%)
216 2Q 07 – 0
188 6 = (4%)
180 184
156 153
114
98 98
72 73 68
40 39 37
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
Production Export
Source: Anfavea
7

8. Second Quarter 2007
August, 2007
TRUCKS – BRAZIL (‘000 units)
%
06 = 11
R 02 –
CAG 67% 06 – 0
– 06 = 5 = (10
R 02 %)
CAG
06 – 05 = 1%
1%
– 06 = 2
1H 07
117
107 106
6 = 3%
1H 07 – 0 – 06 = 2
8 %
2Q 07
79
69
62 2Q 07 – 06 = (0)%
51
38 39
34
27
25
18 18
13 10 10
5
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
Production Export
Source: Anfavea
8

9. Second Quarter 2007
August, 2007
BUSES – BRAZL (‘000 units)
1%
6=1
R02–0
CAG = 25%
– 06 06 –
R 02 05 =
CAG ( 4%) %
6=2
06 –
05 = 1H07 – 0
( 15%
)
35 1H07
34 – 06
=( 15%
) %
6=3
27
29 2Q07 – 0
23
19 19 2Q07 – 06 = 1%
19
16
13
10 11
9 8
7 7
4 4
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
Production Export
Source: Anfavea
9

10. Second Quarter 2007
August, 2007
AGRICULTURAL MACHINERY – BRAZIL (‘000 units)
CAGR 02 – 06
= (3%)
= 21%
02 – 06
CAGR 06 –
05 =
(13%
)
06 –
05 =
(27% 1%
69 6=2
)
1H07–0
59
% 32%
52 53 – 06 = 2 06 =
1H07 07 –
46 2Q
2%
– 06 = 1
31 31 2Q 07
29
24
21 22
17
12 13
10 11
6 7
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
Production Export
Source: Anfavea
10

11. Second Quarter 2007
August, 2007
PASSENGER CARS – BRAZIL (‘000 units)
%
02 – 06 = 8
CAGR
5%
02 – 06 = 1
CAGR 06 – 05 = 4%
06 – 05 =
(7%)
06 = 7%
1H07 –
2,090
2,009
1,757 1H07 – 06 06 = 9%
= (1 2%) 2Q07 –
1,521 1,505
2Q07 – 06
= (1 5%)
1,043 1,117
684 637
536 584
497
440
363 323 283
167 142
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
Production Export
Source: Anfavea
11

12. Second Quarter 2007
August, 2007
RAILWAY FREIGHT CARS – BRAZIL (units)
7%
0 6=8 06 –
05 =
02 – (50%
CAGR )
7,270
5,642
1H07
– 06 =
(91%
3,605 ) 2Q 07
– 06 =
(92%
)
2,459 2,563
1,254
294 238 98
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
Market
Source: Amsted Maxion estimate
12

13. Second Quarter 2007
August, 2007
MARKET SHARE – BRAZIL (1H07)
Commercial Vehicles Railway Freight Railway
Chassis Wheels Cars Castings
Maxion Maxion Maxion 80%
67% 62% 65% Maxion
21% 34%
Dana 35%
12% 5% Borlem 20%
OEM Usimec Cruzaço
Others
Maxion
71% 57% 82% 80%
1H06
Source: Maxion estimate
13

14. Finance and Operating
Performance

15. Second Quarter 2007
August, 2007
NET OPERATING REVENUE – 1H07
R$ 605 million
Segment (%) Customer (%)
Commercial Vehicle Daimler
Wheels(2) Chrysler
General Motors
14%
30% 6% Scania
Volkswagen
16%
6%
Tratctors
40% 7%
Chassis(2) Ford
6% Freight 4%
Railcars(1) 3% MRS
22%
11%
Exports
9% 22%
3% Castings(1)
Railway Automotive Comp. Others
Wheels(1)
(1) Amsted Maxion
(2) Wheels and Frames Division of Maxion Sistemas Automotivos 15

16. Second Quarter 2007
August, 2007
NET OPERATING REVENUE – 1H07
Net operating revenue in 2Q07
= 32% Decrease of 3.5% over 2Q06
02 – 06
R This performance is due to:
CAG 06-0
5=
(17% Reduction of domestic demand for railway
)
freight cars
Reduction of USA demand for railway castings
Impact of Real appreciation on exports
Increase of Brazilian trucks and Agriculture
machinery production
1H 07 – 0
6 = (10%
)
1,494
2Q 07 – 0
1,248 6 = (4%)
1,099
676 671
605
411
330 319
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
16

17. Second Quarter 2007
August, 2007
EXPORTS – 1H07
US$ 64 million*
R$ 129 million
Segment (%) Destination (%)
Railway and
Industrial Castings
55% Latin
USA America
51% 26%
30% Commercial
Vehicles
Wheels
8%
Europe
15% 6% 10%
Canadá/ África/
Chassis México Middle East
(*) In 1H06 US$56 million, equivalent to R$ 121 million
17

18. Second Quarter 2007
August, 2007
EXPORTS (US$ million)
%
24
9% 5=
=4 06-0
06
2–
GR0
CA
4%
– 06 = 1
1H07
119
96 8%
– 06 = 2
2Q07
47 64
56
33 34
24 26
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2T07
18

19. Second Quarter 2007
August, 2007
EXPORTS (US$ million)
Division 2Q07 2Q06 Var. 1H07 1H06 Var.
Commercial Vehicles Wheels 9.9 10.8 -8.0% 19.1 19.6 -2.4%
Chassis 5.2 1.4 271.0% 9.3 3.4 174.2%
Automotive Components 0.1 0.1 27.6% 0.2 0.2 8.7%
Amsted-Maxion 37.0 28.2 31.2% 69.8 64.8 7.7%
Consolidation Adjustment (50%) (18.5) (14.1) (34.9) (32.4)
33.8 26.4 27.9% 63.6 55.6 14.3%
19

20. Second Quarter 2007
August, 2007
GROSS PROFIT
R$ MM % Net Sales
350 50%
300
40%
250
30%
200
21% 20% 21%
19% 20%
150 19%
18% 19% 18% 20%
228 289
100
219
137 130 10%
112
50 87
66 58
0 0%
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
20

21. Second Quarter 2007
August, 2007
EARNINGS BEFORE INTEREST AND TAXES - EBIT
R$ MM % Net Sales
200 20%
16%
150 15%
13%
12% 12%
11%
100 9% 9% 10%
178 10%
9%
136
127
50 5%
90
58 58 52
36
29
0 0%
2002 2003 2004 2005 2006 1H06* 1H07 2Q06* 2Q07
(*) 2Q06 and 1H06 include R$12.8 million of non recurrent results, or 320 basis points of EBIT margin on 2Q06 and 160 basis points on1H06
21

22. Second Quarter 2007
August, 2007
EBITDA (*)
R$ MM % Net Sales
250 20%
18%
200 17%
15%
15%
14% 14%
150 13% 13%
12%
11%
10%
100 205
156 163
5%
50 103
89
69 73
58
36
0 0%
2002 2003 2004 2005 2006 1H06** 1H07 2Q06** 2Q07
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating result, plus net
financial expenses, plus depreciation and amortization, plus goodwill amortization.
(**) 2Q06 and 1H06 include R$12.8 million of non recurrent results, or 320 basis points of EBIT margin on 2Q06 and 160 basis points on1H06 22

23. Second Quarter 2007
August, 2007
NET FINANCIAL EXPENSES
R$ MM % Net Sales
75 15%
13%
50 10%
6%
54
25 5%
38 3%
2% 2%
2% 1%
33 1% 1%
37
21 10 8
4 4
0 0%
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
23

24. Second Quarter 2007
August, 2007
NET INCOME
R$ MM % Net Sales.
80 20%
60 15%
72
40 58 8% 10%
51 43
6%
5% 5% 5%
4% 4%
20 5%
28
25
14
-1%
0 0%
(5)
(24)
(20) -6% -5%
(40) -10%
2002 2003 2004 2005 2006 1H06* 1H07 2Q06* 2Q07
(*) 2Q06 and 1H06 include R$12.8 million of non recurrent results
24

25. Second Quarter 2007
August, 2007
NET BANK DEBT
R$ MM x EBITDA (*)
200 2.0
175
150 1.5 1.5
1.3 1.2
125
100 0.9 1.0
0.8
75 0.6 181 164
0.6
115 132
50 106 102 0.5
125
25
0 0.0
2002 2003 2004 2005 2006 1H06 1H07
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating result, plus net financial expenses, plus
depreciation and amortization, plus goodwill amortization
25

26. Second Quarter 2007
August, 2007
INDEBTEDNESS – jun/07 (R$ million)
SHORT LONG
LINES TOTAL
TERM TERM
Trade Finance / Export 10.0 29.4 39.4
Equipment Finance / EXIM 73.4 97.7 171.1
83.4 127.1 210.5
(-) Cash and Marketable Securities 46.5 46.5
Net Debt 37.0 127.1 164.1
Debt Indexation
86% Average Cost (jun/07)
Index by TJLP, CDI e IGPM
in R$ 78% CDI
1% Index by Dólar
13% 8,6% a.a.
in US$
TJLP Dólar IGP-M
26

27. Second Quarter 2007
August, 2007
CAPEX (R$ million)
84
73
68
54
41
35
28
22
12
2002 2003 2004 2005 2006 1H06 1H07 2Q06 2Q07
27

28. Second Quarter 2007
August, 2007
2007 / 2008 OUTLOOK
Strong domestic demand for trucks and agriculture machinery
Recovery of domestic railway freight car market from the end of 2007, onwards
Implementation of commercial vehicle wheels plant in China
28

29. Second Quarter 2007
August, 2007
Speech in the ceremony of the new Maxion plant in China (Nantong)
29

30. Additional Information

31. Second Quarter 2007
August, 2007
INCOME STATEMENT (R$ thousand)
Income Statement - R$ thousand 2Q07 N.O.R 1H07 N.O.R 2Q06 N.O.R 1H06 R.O.L
Net Revenue 318,963 100.0% 605,117 100.0% 330,426 100.0% 670,747 100.0%
Cost of Goods Sold (261,247) 81.9% (493,307) 81.5% (264,755) 80.1% (541,238) 80.7%
Gross Profit 57,716 18.1% 111,810 18.5% 65,671 19.9% 129,509 19.3%
Operating Expenses
General and Administrative (10,831) 3.4% (23,256) 3.8% (10,459) 3.2% (21,964) 3.3%
Commercial (15,669) 4.9% (29,099) 4.8% (13,591) 4.1% (28,299) 4.2%
Others (2,400) 0.8% (1,536) 0.3% 10,276 -3.1% 10,334 1.5%
(28,900) 9.1% (53,892) 8.9% (13,774) 4.2% (39,929) 6.0%
Earnings Before Interest and Taxes (EBIT) 28,816 9.0% 57,918 9.6% 51,897 15.7% 89,580 13.4%
Financial Result
Financial Revenue 3,497 1.1% 8,241 1.4% 5,615 1.7% 8,384 1.2%
Financial Expenses (7,128) 2.2% (16,502) 2.7% (9,234) 2.8% (18,165) 2.7%
(3,631) 1.1% (8,261) 1.4% (3,619) 1.1% (9,781) 1.5%
Earnings After Financial Income 25,185 7.9% 49,657 8.2% 48,278 14.6% 79,799 11.9%
Non Operating Result (2,605) 0.8% (6,873) 1.1% (7,264) 2.2% (12,370) 1.8%
Earning Before Taxes 22,580 7.1% 42,784 7.1% 41,014 12.4% 67,429 10.1%
Income Taxes (8,693) 2.7% (17,483) 2.9% (13,400) 4.1% (24,911) 3.7%
Net Income 13,887 4.4% 25,301 4.2% 27,614 8.4% 42,518 6.3%
EBITDA 36,417 11.4% 72,807 12.0% 58,281 17.6% 102,952 15.3%
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
31

32. Second Quarter 2007
August, 2007
BALANCE SHEET (R$ thousand)
ASSET LIABILITIES
Jun-07 Jun-06 Jun-07 Jun-06
CURRENT CURRENT
Cash and Marketable Securities 46,457 52,666 Loans 83,451 193,297
Receivables 156,345 222,179 Payables 72,322 62,057
Inventory 146,990 150,149 Customers Advance 15,885 50,611
Recoverable Taxes 33,557 20,399 Wages and Charges 39,093 38,526
Others 18,240 17,089 Taxes 5,663 5,609
401,589 462,482 Provisions - 1,521
Others 21,970 19,131
238,384 370,752
LONG TERM LONG TERM
Receivable 932 2,128 Loans 127,062 39,946
Deferred Income Taxes 24,958 27,702 Provisions 58,226 61,620
Others 12,406 14,893 Others 12,226 16,035
38,296 44,723 197,514 117,601
MINORITY - 212
PERMANENT EQUITY
Investments 359 369 Capital 161,463 161,463
Plants, Property and Equipment 284,842 251,161 Capital Reserves 103,472 68,468
Deferred Itens 1,048 2,279 Retained Earnings 25,301 42,518
286,249 253,809 290,236 272,449
TOTAL ASSET 726,134 761,014 TOTAL LIABILITIES 726,134 761,014
32

33. Second Quarter 2007
August, 2007
SHARES PERFORMANCE
Average Daily Trade Volume - R$
Shares Performance - 2007
4,324,368 4,437,517
64.68% 3,097,132 3,122,009
39,6% 42,1%
24.00% 20.08% 22.69%
15.91%
MYPK4 Ibovespa 1
IBX-100 IGC ISE 1H06 1H07 2Q06 2Q07
Shares Price - 2007
32.00
30.00
30.00
30.00
29.89
29.89
28.00
26.00
24.00
22.00
20.00
18.00
16.00
14.00
1/2/2007 1/18/2007 2/3/2007 2/19/2007 3/7/2007 3/23/2007 4/8/2007 4/24/2007 5/10/2007 5/26/2007 6/11/2007 6/27/2007
MYPK4 MYPK3 33

34. Second Quarter 2007
August, 2007
SHAREHOLDERS COMPOSITION: jun-07
Iochpe Family BNDES Participações
Participações Other
Voting 74.6% Voting 21.8% Voting 3.6%
Non-Voting
Non- 0.4% Non-Voting
Non- 27.6% Non-Voting
Non- 72,0%
Total 26.1% Total 25.6% Total 48.3%
Issued Shares (*)
Common 18,428,597 34.62%
Preferred 34,803,707 65.38%
Total 53,232,304 100.00%
34

35. Second Quarter 2007
August, 2007