August, 2010

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
Otávio Lazcano – CEO
Antonio Castello Branco – Manager

Tel. 55 21 2555-5661
ri@llx.com.br

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1. Overview

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EBX´s publicly held companies

LLX was created in March 2007, to provide logistic

Mkt Cap
US$ 3.5 bn services through the development of two major port
systems in the Southeast region of Brazil.

Its main strengths are:

Mkt Cap Mkt Cap
US$ 34.2 bn US$ 3.5 bn

Strategic locations and large back-areas;
Mkt Cap EBX Group*

Integration with existing rail and road
US$ 45.7 bn
infrastructure;

Low cost operational model (private terminals);

Long term contracts and synergies generated
Mkt Cap Mkt Cap within the EBX Group;
US$ 1.6 bn US$ 3.0 bn

Experienced management team;

Secured Debt Financing Sources;

Social and Environmental Responsibility
*As of July 30th 2010
*R$/USD – 1,76

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 BNDESPAR joins LLX´s Shareholder structure
as part of a R$ 600 M Capital Increase

% Shareholding Controlling
Post Capital Shareholder + Other Minority Shareholders
Increase
54% 18% 3% 25%

51% 70% 70%

MMX LLX LLX LLX

Minas-Rio Minas-Rio Açu Sudeste

30% 30%
100% 49%
Centennial Centennial

Açu Superport

BNDESPAR has performed an extensive due diligence, which attested the quality of LLX projects
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Experienced Management Team
Officer Experience

Eike Fuhrken Batista

– Founder and CEO of EBX, entrepreneurial conglomerate founded in 1983
Chairman and Founder
– Economist and MBA from Fundação Dom Cabral.
Otávio Lazcano – 11 years of experience at CSN (Companhia Siderúrgica Nacional)
– Former CFO and IRO of CSN
CEO – 4 years at Aracruz

– Civil Engineer from from Pontifícia Universidade Católica of Rio de Janeiro and is a Chartered
Leonardo Pimenta Gadelha Financial Analyst (CFA) since 2003.
– Former CFO of Log-In Logística Intermodal (spin-off and IPO).
Chief Financial Officer
– 5 years at Vale: corporate governance department and M&A area (Caemi and INCO deals).

– 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.
Chief Implementation Director – 30 years experience in implementing infrastructure projects (urban projects and port terminals);
power plants and industrial facilities at Pronil, OAS and Brascan.

Claudio Lampert – Law Degree from UERJ and LLM from University of Miami.
– 15 years experience in structuring and development of several mining, power and other infra-
Chief Legal Officer structure related projects in Brazil as a partner of Veirano Advogados.

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LLX´s Projects
Fully integrated in Brazil´s main logistic network and to 72% of the country´s GDP

Açu Superport

Sudeste Superport

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LLX: Innovating Port´s Infrastructure

LLX´s Port-Industry Complex : world-class logistic solutions

A Typical Brazilian Port LLX: Açu Superport

Industrial Area

Industrial District concept under develpoment

 No area for port growth  Açu Industrial Complex: 90 Km2

 Logistic bottlenecks  61 MOUs

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 LLX : Unclogging Brazil´s Logistics

LLX´s Ports: reinforcing Brazil´s capesize capacity and beyond

Amazon
River
Itaquí
Manaus Fortaleza

Suapé

Salvador

Vitória

Rio de Janeiro

Santos

Paranaguá

São Francisco do Sul

Rio Grande

80% of the Brazilian population lives Only 7% of Brazilian Ports are able to
within 200 km (124 miles) of the coast receive capesize vessels*.

Source : (*) CEL/COPPEAD 2008 – vol 1 and Port Sites 9

LLX´s Business Model
LLX is signing long term agreements with setorial industry leaders guaranteing
a steady cashflow and dividends to shareholders

Company Services rendered Revenue Model

Firm contract with Anglo

LLX Minas Rio Iron Ore handling that guarantees 15% py IRR
to firm in US$ unleveraged

Multi product handling Tariffs negotiated to ensure a

(Steel,Coal,Liquid & Dry minimum 15% py IRR to
LLX Açu Bulk,General Cargo) ; Land
Firm in US$ (under Long Term
Lease and Services &
contracts) unleveraged
Utilities
Long term contracts with
fixed tariffs competitive
LLX Sudeste Iron ore handling with comparable market
rates. Not linked to
commodity prices.

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‘
Port Açu
Port Açu

Açu Superport

1111
Açu Superport – Highlights

 The largest investment in port development in Latin America, with state-of-the-art

facilities: more than R$ 4.0 billion investment in port infrastructure;
 Under construction, to be completed by 1H2012
 Brings the concept of Port – Industry integration in a very large scale : 90 Km2
 Anchored on a long-term contract to ship Anglo American’s Minas Rio iron ore
with a guaranteed 15% IRR to firm

 More than 60 contracts and MoUs signed with companies from sectors such as:

 Steelmaking ( Wuhan); Automotive;

 Power generation ( MPX); metal mechanic;
 Cement (Votorantim , Camargo Correa); dry & liquid bulk handling;
 Oil and Gas ( Shell, Devon, White Martins); general cargo;
services.
 Total investments in Açu Industrial District would reach more than USD 36 billion

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Açu Industrial Complex
A new cluster for heavy industry

> 90 Km2 Industrial Complex (larger than Manhattan Island)

Industrial Complex concept under development

Açu Superport
Location and Logistic Integration to main Railway and Highway network

A Complete Logistic Corridor

LOGISTICS CORRIDOR

BR 101 to be duplicated

A 45 km new railway track will connect
Açu Superport to the FCA railway within
a multimodal Logistic Corridor

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Açu Superport
A One Stop Shop for the Oil & Gas Industry

Consolidation and
Onshore Storage :
FPSO
21 M m3 py
Açu Superport
Storage & VLCC Export
For Export &
Treatment Tankers
Coastal Shipping

Small Tankers
Shuttle

OIL COMPANIES

Campos Basin
85% of Brazil Oil
FPSO Production

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Açu Superport
Oil Treatment Facility

For 800,000 bpd

FPSOs

(+)
Desalting Blending Dewatering

Oil Treatment
Investment of
Facility US$ 1.45 billion

Business opportunity with

a leveraged IRR > 70% py
Oil Export VLCCs

Source : Verax Feasibility Study as of March 2010 16

Açu Superport
Construction Site

Threstle completed (2,900 m as of March 2010)

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Açu Superport
Construction Site
Rocks Stockyard : Breakwater construction underway

July /2010

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Açu Superport
Under construction and attracting key industrial players
Açu Superport construction started in October/2007 and has already 61 MoUs in place

OIL

COAL

IRON ORE

OIL

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Açu Superport
Main activities
Capex ( for projects @ 100% )
LLX Minas-Rio: R$ 1.9 billion
LLX Açu (Non Ore): R$ 2.4 billion

Iron Ore: Oil Real Estate: Steel Products:

Up to 60 mtpy Industrial Areas Rental
Up to 46.4 Mm3 py Up to 10.2 mtpy

Coal: Pig Iron: Slag: Granite:

Up to 12.6 mtpy Up to 2.0 mtpy Up to 2.0 mtpy Up to 1.0 mtpy

Source : Verax Feasibility Study as of March 2010 20

Açu Superport
Milestones
Açu Superport Construction on Track

1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
LLX Minas-Rio

Project Construction Constructio

Under Construction Start up
detailing License n begins

Environmental ANTAQ
License Authorization

Offshore Onshore
Project
Construction Environmenta Start up
LLX Açu

detailing
License l License
Offshore Onshore
ANTAQ Construction Under
Environmental Construction
authorization begins Construction
License License

Development
Construction
Operations

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Açu Superport
Volume and Capex
Açu Superport total CAPEX of R$ 4.3 billion

Minas Rio: R$ 1.9 billion

LLX Açu: R$ 2.4 billion

1.200 1106 Volume Ramp up (mtpy)

160
1.000 134
140 130 132
415 804 123 125
800 120 106
612 100
600 510 514
39 584 80
400 153
60 48
691 552
475 40
200 108 357 353
29 220 254 27 20 10
10
- 78 60
-
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2017 2018... ...2032
Actual
LLX Açu LLX Minas-Rio

Source : Verax Feasibility Study as of March 2010 22

Padrão Super Port Açu
Port Açu
Port Açu

Sudeste Superport

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23
Sudeste Superport
Location and Logistic Integration

MMX
Sudeste

MMX Sudeste
Highlights:

Private mixed-use port terminal

Licensed for 50 Mtpy capacity (first phase),
potential expansion to 100 Mtpy
Direct railway link through MRS to Minas
Gerais iron ore deposits
Port Service Agreement with MMX Sudeste
already in place
Will also service third parties located in the
Serra Azul region.

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 Sudeste Superport
General View

VALE CSN

 Environmental and Construction License

Granted for 50 Mtpy and Brazilian Navy
Authorization for a 2nd pier to 100 Mtpy;
 780,000 m² of back-area with a storage
capacity of 2.5 Mt of Iron Ore

LLX VALE
CSN

Private Port Terminal dedicated to iron ore with operation start up in 1H12
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Sudeste Superport
General View: Onshore Site

Administrative Iron Ore Yard El. 32

Buildings Iron Ore Yard El. 06

Railcar
Dumper
Rail Loop

Last available location for a Bulk Terminal in Sepetiba region

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Sudeste Superport
Construction at full speed

Quarry in operation recycled into an Iron Ore stockyard

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Sudeste Superport
Milestones
Sudeste Superport will start its operation in 1H 2012

2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
Sudeste Superport

Pedreira
Development Environmental EIA EIA RIMA Environmental Construction
Sepetiba Start up
start-up Studies RIMA Completed License License
Acquisition

Navy ANTAQ
Approval Authorization
Construction
Under Construction
begins
Development
Construction
Operations

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Sudeste Superport
Volume and Capex

Sudeste Superport Total CAPEX: R$ 1.8 billion

CAPEX (R$ Million) Volume Ramp up (mtpy)

800 50,0 50,0 50,0 50,0 50,0 50

50,0
700
40,0
600 40,0

500
30,0
400
741 712
300 20,0
14,5
200
10,0
100
86 63 115
0 40
-
2007 2008 2009 2010 2011 2012 2012 2013 2014 2015 2016 2017 2018... ...2032

Actual

Source : Verax Feasibility Study as of March 2010 29

Ebitda Breakdown

Cumulative Ebitda curve

Ebitda at Steady State (Projects @ 100%) :

R$ 3.5 billion
Leasing of Areas

Source : Verax Feasibility Study as of March 2010 30

Financial Summary
( projects @ 100%)

4.000
Ebitda Ramp up (R$ M)

3.500

3.000

2.500

2.000

1.500

1.000

500

-
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

CAPEX : IRR ( to equity) : Ebitda Margin at Steady State :

R$ 6.1 billion 37% py 78%

Source : Verax Feasibility Study as of March 2010 31

Sources & Uses

LLX’s Projects @ 100% (R$ M)

Capital Increase
7.000

6.000 R$ 6,1 Bi 75% debt 600

25% equity 970
1.757 1513 499
5.000 543
4.000 Existing equity

3.000 2.415 6.053

4540
2.000 56% signed

1.000 1.881

-
LLX Minas LLX Açu LLX Total Debt Total Equity Equity LLX Equity LLX
Rio Sudeste CAPEX Needed Parters Needed Existing
Equity

Debt/ Equity assumption: 75/25 (except Minas Rio: 73/27)

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Consolidated Financial Highlights

Financial Highlights @ June 30th, 2010

CAPEX Cash Position (*) Debt

R$ Million
2007 - 2008 2009 1Q10 2Q10 2007 - 2Q10 Actual 06/30/2010 2Q10
LLX Minas Rio (51%) 222 242 49 102 615
LLX Açu (100%) 182 39 10 18 249
346 238
LLX Sudeste(100%) 126 63 10 14 213
LLX Brasil(100%) 53 - - - 53
TOTAL 583 344 69 134 1.129 346 238
(*) Cash Position (includes LLX S/A)

Financing agreements signed with BNDES:

LLX Minas Rio: R$ 1.321 Billion, 12 years loan (30 months grace period) at TJLP+ 2.5%py

LLX Sudeste: total financing of R$ 1.213 Billion under two agreements:
1. R$ 408 Millions, 10 years loan (2 yrs grace period) at 4.5%py, fixed rate for local equipment
acquisition;
2. R$ 805 Millions, 12 years loan ( 2 yrs grace period) at TJLP + 2.18% py structured as a project
finance.

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 Thank you!
www.llx.com.br
Email: ir@llx.com.br
Phone: +55 21 2555 5661

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