WEG reported its financial results for the third quarter of 2011. Revenue increased by 9.4% compared to the third quarter of 2010 to R$1.552 billion, with gross profit rising 10.9% and net income up 8.8%. EBITDA grew 16.5% through higher volumes, prices, and an improved product mix. Cash flows remained strong with cash and cash equivalents reaching R$3.086 billion at the end of the quarter. The company also continued expanding production capacity both within Brazil and abroad.

1. Motors | Energy | Transmission & Distribution | Automation | Caotings
3Q11 Results Conference Call
October 26, 2011
3Q11 Results Conference Call October 26, 2011

2. Disclaimer
The statements that may be made during this conference call
relating to WEG’s business perspectives, projections and operating
and financial goals and to WEG’s potential future growth are
management beliefs and expectations, as well as information that
are currently available.
These statements involve risks, uncertainties and the use of
assumptions, as they relate to future events and, as such, depend
on circumstances that may or may not be present.
Investors should understand that the general economic conditions,
conditions of the industry and other operating factors may affect
WEG’s future performance and lead to results that may differ
materially from those expressed in such future considerations.
3Q11 Results Conference Call Page 2 October 26, 2011

3. Highlights
Third Quarter, 2011
Q3 2011 Q2 2011 Growth % Q3 2010 Growth %
Gross Operating Revenue 1.552.044 1.510.276 2,8% 1.419.160 9,4%
Domestic Market 953.515 936.061 1,9% 906.954 5,1%
External Markets 598.529 574.215 4,2% 512.207 16,9%
External Markets in US$ 364.730 360.639 1,1% 298.020 22,4%
Net Operating Revenue 1.317.483 1.277.258 3,1% 1.188.622 10,8%
Gross Operating Profit 418.266 381.437 9,7% 377.227 10,9%
Gross Margin 31,7% 29,9% 31,7%
Net Income 154.567 154.557 0,0% 142.106 8,8%
Net Margin 11,7% 12,1% 12,0%
EBITDA 243.743 215.579 13,1% 209.196 16,5%
EBITDA Margin 18,5% 16,9% 17,6%
EPS 0,2491 0,2491 0,0% 0,2289 8,9%
Figures in R$ Thousands
3Q11 Results Conference Call Page 3 October 26, 2011

4. Gross Operating Revenues
Domestic Market
in R$million
-8% 5%
23% 2%
968 907 954
889
785
Q3 2007 Q3 2008 Q3 2009 Q3 2010 Q3 2011
3Q11 Results Conference Call Page 4 October 26, 2011

5. Gross Operating Revenues
External Market
In US$ million
3Q11 Results Conference Call Page 5 October 26, 2011

6. Business Areas
Gross Revenues Breakdown
in R$ million
1.552
1.489 1.419 6%
5% 1.283
1.219 13% 7% 11%
6% 12%
6% 25% 14% 25%
13%
22%
25% 35%
7%
58%
56% 58%
60%
46%
3Q 2007 3Q 2008 3Q 2009 3Q 2010 3Q 2011
Industrial Equipment GTD Domestic Use Paints & Varnishes
3Q11 Results Conference Call Page 6 October 26, 2011

7. Cost of Goods Sold
3rd quarter of 2011
Other Costs
Steel & 33%
Other Costs Coper
31% 45%
Depreciation 3Q11 Depreciation 3Q10
4% 5%
Other Other
Steel &
Materials Materials
Coper
21% 18%
44%
3Q11 Results Conference Call Page 7 October 26, 2011

8. Main impacts on EBITDA
in R$ million
161,2 28,3
4,0 88,3
FX Impact on Deductions on
Gross Gross
Revenues Revenues
8,0 4,4 2,4 243,7
COGS (ex
General and Profit Sharing
209,2 depreciation) Selling
Administrative Program
Expenses
Volumes, Prices Expenses
& Product Mix
Changes
EBITDA Q3 10 EBITDA Q3 11
3Q11 Results Conference Call Page 8 October 26, 2011

9. Cash Flows
In R$ million
562,4 3.086,6
290,8 319,7
2.553,0
Operating Investing Financing
Cash 4Q10 Cash 3Q11
(*) Long term financial investments are considered under cash flows from investing
activities.
3Q11 Results Conference Call Page 9 October 26, 2011

10. Capacity Expansion Program
in R$ million
Outside Brazil
Brazil
73,8
61,4
53,7 44,1 49,9
43,7 41,1
34,2 13,0 2,0 33,8 7,3
2,4
8,2
40,7 42,1 38,8 42,6
27,2 30,1 25,6
Q1 Q2 Q3 Q4 Q1 Q2 Q3
2010 2011
3Q11 Results Conference Call Page 10 October 26, 2011

11. Contacts
www.weg.net/ri
Laurence Beltrão Gomes
Investor Relations Officer
laurence@weg.net
Luís Fernando M. Oliveira
Investor Relations Manager
+55 (47) 3276-6973
luisfernando@weg.net
twitter.com/weg_ir
3Q11 Results Conference Call Page 11 October 26, 2011