Presentation of 1Q12 Results

Disclaimer This presentation may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than

historical facts, are subject to various risks and uncertainties. Mills cannot guarantee
that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, real estate and oil & gas sectors, among others, and governmental rules, that are subject to change without previous notice. To obtain further information on factors that may give rise to results different from those forecast by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).

Agenda

1Q12 Results

Growth plan

1Q12 Highlights

250.0

In R$ millions

50% 43.3% 199.1 39.5% 35% 29.0% 30% 25% 45% 40%

200.0

37.0%

38.4%

37.6% 154.2

193.5 36.4% 145.0 35.4% 164.0 175.1

150.0 115.5 100.0 23.1%

148.9 131.3 20.3%

29.4% 23.0%

18.8% 13.8% 52.8 22.2 58.012.7% 22.6 50.8 8.6% 17.8

76.4 14.2% 29.5

86.2

20% 15.1% 15%

50.0

42.8 18.7

50.5 26.1

55.9

28.5

45.4 30.1

32.7

10% 5% 0%

1Q10 2Q10 3Q10 EBITDA 4Q10 1Q11 Net Income 2Q11 3Q11 EBITDA Margin 4Q11 1Q12 ROIC

Net Revenue

1Q12/1Q11 1Q12/4Q11

+37.3% +2.9%

+63.3% +12.8%

+47.3% +10.8%

+690 bps +380 bps

+130 bps +90 bps

ROIC: Return on Invested Capital

Net revenues reached R$ 199.1 million in 1Q12

Per division
Heavy Construction 20% Technical Support Services 21%

Per type of service

Sales 7% Others 3%

Rental 28%

Industrial Services 26%

Jahu Residential and Commercial 26%

Rental 69%

Mills: Best company for access of the year

Mills was elected "Best Company for Access of the Year" by the International Awards for Powered Access

(IAPA Awards) for the year of 2011

Heavy Construction Division

45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 1Q10 2Q10 3Q10 4Q10 EBITDA 1Q11 2Q11 3Q11 4Q11 ROIC 1Q12 24.4% 16.4 21.6 28.5% 13.3 22.3 25.5% 15.6
In R$ millions

41.7 51.9%

42.7 52.2% 48.9% 34.2 31.8 38.8%

60% 54.0% 39.3 48.0%

35.7 45.9%

46.2%
33.2 30.6

36.1

50%

40%

26.0%

19.5 17.5%

18.9 16.6%

30%

14.1
14.4% 12.1% 8.6 4.5%

20%

18.8%

10%

0%

Net Revenue

EBITDA Margin

1Q12/1Q11 1Q12/4Q11

+23.6% +8.9%

+21.2% -3.1%

-90 bps -600 bps

+ 220 bps -90 bps

ROIC: Return on Invested Capital

Upon the recovery of the heavy construction market, we have been able to reduce our exposure to midsized clients since 3Q11
Share of the top 5 clients in revenue (%)
55% 51% 50% 46% 45% 41% 40% 36% 35% 30% 30% 42% 41% 44% 48% 48%

60%

55%

53%

47%

25%

20% 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12
Source: Mills

The construction work related to World Cup and Olympic events represented 17% of Mills 1Q12 revenue

1Q12 Revenue R$ 39.3 million

Others 21%

Industry 25%

World Cup and Olympics 17%

Infrastructure 37%

Source: Mills

Important contracts per stage in the evolution of monthly revenue from the Heavy Construction projects
(Basis 100= Maximum monthly revenue in the life of construction)

Newly hired*

Contracts with growing equipment volumes

Hydroelectric Colider Porto Maravilha BRT Transcarioca BRT Transoeste Subway line 5 SP So Paulo Beltway Eastern section

Contracts with high volume of equipment

Hydroelectric Powerplant Jirau Abreu e Lima Refinery Comperj Refinery Monorail line 2 SP Transnordestina railroad

Contracts in the demobilization process

Overpass in Manaus Ponta da Madeira Datacenter of Banco Santander Grmio Stadium

Revenue Index

Recife Stadium Fonte Nova Arena Maracan Stadium Man Garrincha Stadium

Time

Newly hired*

Source: Mills

Serra Leste mine Expansion of Carajs mine Sudeste Port Transposition of So Francisco river

Natal Stadium New stretches of subway line 5 Monorail line 2 (2nd phase) Porto Alegre Stadium

10

Construction work in progress

Barueri cable stayed bridge Barueri, SP Fonte Nova stadium Salvador, BA

Main products: Self-climbing formwork and balanced cantilever.

Main products: Alumills shoring system.

11

Jahu Residential and Commercial Construction Division

In R$ millions

60.0 52.5 50.0 45.3% 40.0 29.2% 22.7 20.0 10.3 10.0 10.0 11.9 11.6 23.6% 21.8 46.0%

60%

52.5 50.1%

50%

42.8% 35.5% 32.8 27.9 21.3% 22.3%

41.6%
42.0% 38.8% 34.7 29.2 39.4

45.5% 40%

30.0

26.3 23.9 15.2% 12.3 16.4 12.5% 16.3% 15.6%

30%

20%

13.0% 13.5

10%

1Q10 2Q10 3Q10 4Q10 EBITDA 1Q11 2Q11 3Q11 4Q11 ROIC 1Q12

0%

Net Revenue

EBITDA Margin

1Q12/1Q11 1Q12/4Q11

+79.8% +0.0%

+113.8% +10.0%

+810 bps +460 bps

+40 bps -70 bps

ROIC: Return on Invested Capital

12

The listed real estate companies contributed 19% of 1Q12 equipment rental revenues

1Q12 Equipment rental revenues R$ 45.3 million

Others 8% Industrial 9% Residential listed companies 19%

Residential 51%

Commercial 32%

Residential others 32%

13

Industrial Services Division

70.0 60.0
In R$ millions

20%

17.7% 15.8%
50.0

17.3% 14.9% 46.5 14.9% 52.5 13.4% 10.3% 9.6% 7.2% 4.7% 7.5%
5%

56.4 14.8% 50.2 12.2%

57.5 14.2%

56.9

14.2%

50.2

50.9 12.1%

15%

40.0
40.0 30.0 20.0 10.0 1Q10 2Q10

10%

3.2%

0%

6.3

6.9

7.0

5.8

6.1

8.1

-1.2% 4.1

6.2
-5%

2.3
4Q11 ROIC 1Q12

3Q10

4Q10 EBITDA

1Q11

2Q11

3Q11

Net Revenue

EBITDA Margin

1Q12/1Q11 1Q12/4Q11

+ 1.4% + 1.4%

+ 1.6% + 169.6%

-10 pbs + 740 pbs

-210 bps + 870 bps

ROIC: Return on Invested Capital

14

Contracts in progress

Maintenance of the Ocean Star Platform Angra dos Reis, RJ

Maintenance of the P-50 Platform Rio de Janeiro, RJ

Maintenance of the Polvo A Platform Bacia de Campos, RJ

Services: access

Services: access

Services: Mills Habitat

15

Rental Division
In R$ millions

60.0

54.9
50.0

56.5 61.8%

70% 60% 50%

57.0%

55.8%

56.6%
47.6%

56.0%

54.1% 41.2

56.0% 45.6 47.6% 34.9 30.7

40.0

33.7 30.8
30.0

40%
30%

25.8
20.0

17.2 23.5% 9.8

21.3 19.6% 11.9

14.6
17.3%

14.7 18.7%

18.9 17.3%

22.3 17.1%

21.7 18.6% 12.9% 20.3%

20% 10% 0%

10.0

1Q10 2Q10 3Q10 4Q10 EBITDA 1Q11 2Q11 3Q11 4Q11 ROIC 1Q12

Net Revenue

EBITDA Margin

1Q12/1Q11 1Q12/4Q11

+67.7% +2.9%

+84.7% +13.7%

+580 bps +580 bps

+300 bps +170 bps

ROIC: Return on Invested Capital

16

Construction work in progress

Man Garrincha stadium Braslia, DF

Expansion of the Alstom factory Taubat, SP

Hospital das Amricas Rio de Janeiro, RJ

17

Agenda

1Q12 Results

Growth plan

18

We invested R$ 58.4 million in organic growth in 1Q12

Capex
in R$ million

140
127

Realized / 2012 Budget (%)

120

17

Rental
100

49%

80
58

53

Industrial Services

46%

60

5
26

40

28

Jahu - Residential and Commercial

55%

20

15 22 9

Heavy Construction

41%

0
1Q12 2012 Budget

19

Presentation of 1Q12 Results

Mills Investor Relations Tel.: +55 (21) 2123-3700 E-mail: ri@mills.com.br www.mills.com.br/ri