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
3Q12 QxQ YxY
Production 2.2 million tons 7% 13%
Sales 1.9 million tons 12% -10%
Net Revenues R$ 245.4 million 21% -10%
Net Profit R$ -101.1 million -74% -59%
EBITDA R$ 44.0 million 216% -12%
3Q12 highlights and subsequent events
Completion of the merger of PortX into MMX;
Issuance of R$ 600 million in debentures by MMX Sudeste
Completion of the construction of Sudeste Superport’s offshore structure
Total sales of 1.9 million tons of iron ore, 12% more in comparison to 2Q12
New quarterly production record for the Sudeste System, totaling 1.7 million tons,
26% more in comparison to 2Q12
BNDES confirms eligibility of Serra Azul Unit’s expansion project for long-term
financing
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5. IRON ORE - PRICE
62% Fe Spot China CFR
Average Price 9M11:
US$ 176,6
∆% 9M:
Average Price 9M12:
US$ 130,9
-26%
Source: Bloomberg
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10. Serra Azul Unit Expansion
Earthwork
Grind
Sump and Processing
Thickners Construction
Pile Site and
Beneficiation Warehouse
substation
Maintenance
Primary workshop
Construction Crushing
Site Administrative
Buildings
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11. Serra Azul Unit Expansion
Equipments
FLSMITH – SAG Mill
CITIC – Gyratory Crushers 11
14. Mariquita’s Hill
Tunnel
Stockyard 32 Navy
Stockyard 6
Road Access
Sudeste Superport
Stockyard Elevation 6 m
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15. Stockyard 32
Road Access Stacker Reclaimer
Infrastructure
Stacker Reclaimer
Rolling Way
Stockyard 6
Car Dumpers Car Dumpers Control Room
Sudeste Superport
Stockyard Elevation 6 m
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16. Train Positioners
Control Room of Car
Dumpers
Car Dumpers
Sudeste Superport
Car Dumpers
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17. Tunnel Entrance
Transfer House
Electric Substation Concrete Base
Infrastructure
Sudeste Superport
Stockyard Elevation 32 m
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18. Tunnel Entrance
Transfer House
Concrete Base
Electric Substation
Infrastructure
Sudeste Superport
Stockyard Elevation 32 m
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19. Tunnel Exit
Bridge 1 (430 m)
Electric Substation Building
Bridge 2 (270 m)
Sudeste Superport Platform 2
Bridges and Platform
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