1. BRASIL ECODIESEL S.A.
BRASIL ECODIESEL S.A.
Investors Relations
NBome
3Q10 RESULTS

2. BRASIL ECODIESEL S.A. | Results – 2Q10 Highlights
 Net Revenue of R$94.2 million in 3Q10
 Net Loss of R$5.2 million with negative EBITDA of R$0.3 million
 Adjusted Net Loss(*) of R$2.4 million and Adjusted EBITDA(*) of R$2.5 million in 3Q10
 EBITDA Margin of -0.3% and Adjusted EBITDA Margin(*) of 2.67% in 3Q10
 Reduction in indebtedness from R$65.0 million (2Q10) to R$60.2 million (3Q10)
 Increase of 21.5% in net cash, from R$65.8 million (2Q10) to R$80.0 million (3Q10)
 41,728 m³ of biodiesel sold
 Market maker hired
(*) Excludes non-recurring expenses of R$2.8 million, corresponding the provision for inventory losses.

3. Note: Adjusted data excludes the following amounts:
•2Q10: Ecludes non-recurring revenue of R$1.1 million, due to the transfer of the Company’s headquarters to São Paulo.
BRASIL ECODIESEL S.A. | Results– 2Q10 Results
•3Q10: Excludes non-recurring expense of R$ 2.8 million, corresponding to the provision for inventory loss.
Note: Adjusted data excludes the following amounts:
2Q10: Excludes non-recurring revenue of R$1.1 million, due to the transfer of the Company’s headquarters to São Paulo.
3Q10: Excludes non-recurring expense of R$ 2.8 million, corresponding to the provision for inventory loss.

4. BRASIL ECODIESEL S.A. | Revenue and Fullfilment of Contracts with Petrobrás

5. BRASIL ECODIESEL S.A. | Results – Revenue, Costs and Financial Results
a) Excludes non-recurring revenue of R$10.8 million from accumulated ICMS tax benefits, pursuant to CP07.

6. BRASIL ECODIESEL S.A. | Results – Operating Expenses
Note: In Commercial Expenses were excluded expenses of Freight
and Sales , in na amount of R$1.9 million

7. BRASIL ECODIESEL S.A. | Results – Debt position

8. BRASIL ECODIESEL S.A. | Results – Net Loss
a) Excludes non-recurring revenue of R$1.1 million, due to the transfer of the Company’s headquarters to São Paulo.
b) Excludes non-recurring expense of R$ 2.8 million corresponding to the provision for inventory loss.

9. BRASIL ECODIESEL S.A. | Results – EBITDA
a) Excludes non-recurring revenue of R$1.1 million, due to the transfer of the Company’s headquarters to São Paulo.
b) Excludes non-recurring expense of R$ 2.8 million corresponding to the provision for inventory loss.

10. BRASIL ECODIESEL S.A. | Results – Prices and Financial Volume Evolution
Price Evolution Financial Volume
Ibovespa x Ecod3 Ecod3
(100 basis in Jan/09) (in million reais)
12 M Average – R$40million

11. BRASIL ECODIESEL S.A. | Results – Market Cap and Shareholding Structure
Market Cap: Shareholding Structure (%)
(09/30/2010) (09/30/2010)
R$ 703,491,265.19
Number of Shares:
725,248,727
Number of shareholders: 21,317

12. BRASIL ECODIESEL S.A. | The Company – Index and ETF
Participation in the main index/ETF:
PRESENT PERSPECTIVES
• IBOVESPA • Carbon Efficient Index
• IBRX50
• IBX
• IGCX
• ITAG
• SMLL
• IVBX2
• ETF – BlackRock (New York)

13. BRASIL ECODIESEL S.A.
BRASIL ECODIESEL S.A.
Investors Relations
Tel: 55 11 3137-3114
NBome
ri@brasilecodiesel.com.br
www.brasilecodiesel.com.br