2. DISCLAIMER
This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) 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 on a timely basis or at all, exploration for mineral resources and reserves, difficulty in converting geological
resources into mineral reserves, 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.
MMX 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 MMX’s prior written consent.
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4. MAIN FIGURES
2012 YxY
Production 7.4 million tons -2%
Sales 6.9 million tons -11%
Net Revenues R$ 806 million -22%
Net Profit R$ -792 million n/a
Adjusted EBITDA R$ 48.6 million -70%
2012 highlights and subsequent events
Obtainment of environmental installation license (LI) for the expansion of the Serra Azul Unit;
Start of work on expansion of Serra Azul Unit;
Holding of public hearings in the municipalities of Itaguaí and Mangaratiba for the expansion of
the Sudeste Superport to 100 Mtpy;
Conclusion of the merger of PortX by MMX;
Completion of construction of the offshore structure and the mechanical assembly of car dumpers
for Sudeste Superport;
Issuance of simple debentures totaling R$ 600 million by MMX Sudeste;
BNDES approval of long-term financing for the expansion project for Serra Azul Unit;
Approval of capital increase of MMX in the amount of R$ 1.4 billion through private subscription of
new ordinary shares;
Approval of withdrawal from the Company’s investment project in assets located in Chile, with the
recognition of such accounting effects in the amount of R$ 224 million;
Arrival of two Chinese-made ship loaders at the Sudeste Superport in 1Q13.
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5. IRON ORE - PRICE
62% Fe Spot China CFR
200
180 Average Price 2011:
US$ 167.6
160
140 Average Price 2012:
US$ 128.3 ∆%:
-31%
120
100
80
Source: Bloomberg
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9. SERRA AZUL
Earthwork
Beneficiation Grind Primary Crushing Primary Crushing Main Access
Pump House, Sump Water Storage Maintenance
Substation Water Storage Tank Tank
and Thickeners Workshop
Inc.
Construction Site Grind Piles Construction Site Administrative
and Warehouse Buildings
10. Serra Azul Unit Expansion
Equipments
Intallation bars for reels CITIC – Ball-mill
CITIC – Crusher Pinion CITIC – Motor for Crusher/Mills 10
11. Serra Azul Unit Expansion
Equipments
FLSmidth – Side of SAG Mill METSO – Part of Vertical Mill
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