2nd Quarter 2008 Presentation

1. EARNINGS RELEASE – 2Q08
EARNINGS RELEASE – 2Q08
July, 2008

2. 2Q08
July, 2008
DISCLAIMER
The material contained in this presentation is general background information about Iochpe-Maxion S.A. (Iochpe)
as of the date of the presentation. It is information in summary form and does not purport to be complete. It is
not intended to be relied upon as advice to potential investors. No representation or warranty, express or
implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the
information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the U.S.
Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking
statements are only predictions and are not guarantees of future performance. Investors are cautioned that any
such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and
factors relating to the operations and business environments of Iochpe and its subsidiaries that may cause the
actual results of the companies to be materially different from any future results expressed or implied in such
forward-looking statements.
Although Iochpe believes that the expectations and assumptions reflected in the forward-looking statements are
reasonably based on information currently available to Iochpe management, Iochpe cannot guarantee future
results or events. Iochpe expressly disclaims a duty to update any of the forward-looking statement.
This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or
purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any
contract or commitment whatsoever.
2

3. 2Q08
July, 2008
SIMPLIFIED CORPORATE STRUCTURE*
Iochpe-Maxion S.A.
Iochpe-
50% 100% 100%
R$ 131.7 million1 (30%) R$ 277.5 million1 (63%) R$ 32.9 million1 (7%)
Amsted-Maxion Fundição e
Amsted- Automotive Components
Wheels and Chassis Division
Equipamentos Ferroviários S.A. Division
Wheels: R$ 114.4 million1 (26%)
Railway Freight Cars: R$ 95.9 million1 (22%)
Hand Brake Leaver and Pedal Sets:
R$ 12.1 million1 (3%)
Structural Stamped Parts: R$ 6,6
million1 (2%)
Castings: R$ 30.1 million1 (7%)
Chassis: R$ 163.1 million1 (37%)
Wheels: R$ 5.7 million1 (1%)
1 Consolidated net revenue in the
* Consider the grouping of Maxion Sistemas Automotivos by Iochpe-Maxion, approved in a Extraordinary Shareholders Meeting on 01/07/2008 second quarter of 2008 3

4. 2Q08
July, 2008
HIGHLIGHTS – 2Q08
Consolidated net operating revenue of R$ 442.1 million, an increase of 38.6% over the
same period of last year
EBITDA(*) of R$ 71.9 million, an increase of 97.3% when compared with the same period
of last year
Net income of R$ 44.1 million, an increase of 217.5% over the same period of last year
Net debt bank of R$ 198.9 million (R$ 164.0 million on Jun/07), or 0.9x EBITDA LTM(*)
(1.2x on Jun/07).
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
4

5. 2Q08
July, 2008
2Q08 – MAIN DRIVERS
Growth of the Brazilian production of vehicles and agricultural machinery
Recovery of domestic demand for railway freight cars
Impact of the real appreciation (1.6362 – 2Q08 x 1.9630 – 2Q07) on net revenue of
exports (reduction of R$ 10.2 million)
Reduction of exports: US$ 31.2 million on 2Q08 x US$ 33.8 million on 2Q07 (12% of net
revenue on 2Q08 x 21% on 2Q07)
5

6. 2Q08
July, 2008
AWARD
Abrasca (Brazilian Association of Public Companies) Award for Value Creation
Iochpe-Maxion was awarded for the outstanding performance in Value Creation in 2007 among
the companies in the Machinery and Equipments sector, according to the Public Companies
Statistics Yearbook - 2008
1st place in value creation among public companies in 60 months, according to the Public
Companies Statistics Yearbook - 2008
6

7. Industry Performance

8. 2Q08
July, 2008
LIGHT COMMERCIALS – BRAZIL (‘000 units)
408
379 Production
366
2Q08 – 07 = 21.8%
318
1H08 – 07 = 22.5%
CAGR 2003 – 07 = 17.2%
225
216
184
156 153
144
Export
114 119 2Q08 – 07 = (10.6%)
97
1H08 – 07 = (6.2%)
72 68 64
CAGR 2003 – 07 = 18.9%
38 34
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Production Export
Source: Anfavea 8

9. 2Q08
July, 2008
TRUCKS – BRAZIL (‘000 units)
137
Production
117
2Q08 – 07 = 22.2%
107 106 1H08 – 07 = 27.4%
CAGR 2003 – 07 = 14.8%
79 79
62
Export
39 41 42 2Q08 – 07 = (4.7%)
38
34
1H08 – 07 = 0.1%
25
19 19 CAGR 2003 – 07 = 33.3%
13 11 10
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Production Export
Source: Anfavea 9

10. 2Q08
July, 2008
BUSES – BRAZIL (‘000 units)
39
Production
35 2Q08 – 07 = 16.6%
34
1H08 – 07 = 20.3%
29
27 CAGR 2003 – 07 = 9.6%
23
19 19
16
15
Export
13 13 2Q08 – 07 = 6.3%
11
9 1H08 – 07 = 13.3%
8
7
CAGR 2003 – 07 = 13.6%
4 4
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Production Export
Source: Anfavea 10

11. 2Q08
July, 2008
AGRICULTURAL MACHINERY – BRAZIL (‘000 units)
69
65 Production
59 2Q08 – 07 = 25.9%
53 1H08 – 07 = 38.8%
CAGR 2003 – 07 = 2.5%
46
40
31 31
29
27 Export
21 22 21 2Q08 – 07 = 16.6%
17 1H08 – 07 = 26.5%
15
12
8 CAGR 2003 – 07 = 6.5%
7
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Production Export
Source: Anfavea 11

12. 2Q08
July, 2008
PASSENGER CARS – BRAZIL (‘000 units)
Production
2,389
2Q08 – 07 = 23.1%
2,092 1H08 – 07 = 20.9%
2,009
1,757
CAGR 2003 – 07 = 12.2%
1,505
1,353
1,119
Export
2Q08 – 07 = (3.1%)
684 721
635 586 585 1H08 – 07 = (2.6%)
497
440
CAGR 2003 – 07 = 7.4%
284 277
143 139
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Production Export
Source: Anfavea 12

13. 2Q08
July, 2008
RAILWAY FREIGHT CARS – BRAZIL (units)
7,270
Production
2Q08 – 07 = 1,368.4%
5,642 1H08 – 07 = 1,031.1%
CAGR 2003 – 07 = (15.6%)
3,668
2,692
2,459
1,439
1,249
238
98
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Sales
Source: Amsted Maxion estimate 13

14. 2Q08
July, 2008
MARKET SHARE – BRAZIL (1H08)
Commercial Vehicles Railway Freight Railway
Chassis
Wheels Cars Castings
Maxion Maxion Maxion 80%
68% 97%
62% Maxion
20% 33%
Dana Borlem
12% 5% 3% 20%
OEM Others Cruzaço
Others
Maxion
67% 62% 65% 80%
1H07
Source: Maxion Estimate
14

15. Financial and Operating
Performance

16. 2Q08
July, 2008
NET OPERATING REVENUE (R$ million)
1,494
Net Operating Revenue
1,289 2Q08 – 07 = 38.6%
1,248
1H08 – 07 = 39.3%
1,099
CAGR 2003 – 07 = 17.5%
843
676
605
442
319
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
16

17. 2Q08
July, 2008
NET OPERATING REVENUE (R$ million)
Revenue by Market Revenue by Division / Business
442
442
132
51 319
319 62 33
66 27
163
391 132
253
97 114
2Q07 2Q08 2Q07 2Q08
Domestic Export Wheels Chassis Automotive Comp. Amsted Maxion
Domestic: 2Q08 – 07 = 54.8% Wheels: 2Q08 – 07 = 17.4%
Chassis: 2T08 – 07 = 23.4%
Export: 2T08 – 07 = (23.0%) Automotive Comp.: 2Q08 – 07 = 20.7%
Amsted Maxion: 2Q08 – 07 = 112.1%
17

18. 2Q08
July, 2008
NET OPERATING REVENUE
Revenue by Customer – 2Q07 Revenue by Customer – 2Q08
Ford
Others Fiat 4% Others Fiat
4% GMB Agricultural 5% Ford
11% 7%
Agricultural 6% Mach. 4%
GMB
Mach. 7% 5%
7%
After Market
3%
After Market
Daim ler Daim ler
4%
14% 12%
Export
12%
Scania
Caterpillar
Scania 5%
Export 1% Volvo
6%
20% 3%
Volvo
2% Vale
Caterpillar 11%
1% VW
VW 14%
MRS MRS
16% ALL
2% 10% 1%
Vale ALL
2% 1%
18

19. 2Q08
July, 2008
EXPORTS (USD million)
119 120
Exports
2Q08 – 07 = (7.5%)
96 1H08 – 07 = (1.4%)
CAGR 2003 – 07 = 38.1%
64 63
47
33 34
31
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
19

20. 2Q08
July, 2008
EXPORTS BY DIVISION / BUSINESS
R$ thousand US$ thousand
66
51 34
36 31
22
18 13
0 0
10 10 0
0 6
5
20 19 11
10
2Q07 2Q08 2Q07 2Q08
Wheels Chassis Automotive Comp. Amsted Maxion Whees Chassis Automotive Comp. Amsted Maxion
Variation 2Q8 - 07 = (23%) Variation 2Q8 - 07 = (8%)
Wheels = (4.8%) Wheels = 14.3%
Chassis = 3.0% Chassis = 23.0%
Automotive Comp. = (13.8%) Automotive Comp. = 4.3%
Amsted Maxion: = (40.0%) Amsted Maxion: = (27,8%) 20

21. 2Q08
July, 2008
GROSS PROFIT (R$ million)
Gross Profit
2Q08 – 07 = 55.8%
1H08 – 07 = 51.6%
CAGR 2003 – 07 = 14.6%
20% 21% 20% 20%
19% 18% 19% 18%
18%
228 289 236
219
112 170
137
90
58
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Gross Profit %NOR
21

22. 2Q08
July, 2008
OPERATING INCOME – EBIT (R$ million)
Operating Income
2Q08 – 07 = 119.9%
1H08 – 07 = 101.3%
CAGR 2003 – 07 = 23.5%
178
136
127 135
14% 14%
12% 12% 11%
10% 10% 9%
9% 117
63
58 58
29
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
EBIT % NOR
22

23. 2Q08
July, 2008
EBITDA* (R$ million)
EBITDA
2Q08 – 07 = 97.3%
1H08 – 07 = 82.8%
CAGR 2003 – 07 = 16.7%
205
156 163 165
16% 16%
14% 14%
13% 13% 13% 12% 11%
89 133
73 72
36
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
EBITDA % NOR
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating result, plus net
financial expenses, plus depreciation and amortization, plus goodwill amortization. 23

24. 2Q08
July, 2008
NET FINANCIAL EXPENSES (R$ million)
Net Financial Expenses
2Q08 – 07 = (260.6)%
1H08 – 07 = (194.0%)
CAGR 2003 – 07 = (28.4)%
6%
38 3% 37
2% 2%
33 1% 1%
1%
21
10 -1%
8 -1%
4
-8 -6
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
Financial Exp. % NOR
24

25. 2Q08
July, 2008
NET INCOME (R$ million)
Net Income
2Q08 – 07 = 217.5%
1H08 – 07 = 209.2%
CAGR 2003 – 07 * = 196.2%
78
10%
9%
72 72
6%
5% 5% 5%
58 44
4% 4%
51
25
-1% 14
-5
2003 2004 2005 2006 2007 1S07 1S08 2T07 2T08
Lucro Líquido % ROL
* Consider the absolute variation in the period 25

26. 2Q08
July, 2008
NET BANK DEBT (R$ million)
1.3
1.2
199
0.9
0.8 0.8
164
0.6 0.6
132 128
115 125
102
2003 2004 2005 2006 2007 1H07 1H08
Net Debt x EBITDA*
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating result, plus net
financial expenses, plus depreciation and amortization, plus goodwill amortization
26
EBITDA LTM

27. 2Q08
July, 2008
INDEBTEDNESS – JUN/08 (R$ million)
LONG
LINES SHORT TERM TOTAL
TERM Debt Indexation
Trade Finance / Export 28.3 48.2 76.5
Equipment Finance / EXIM 140.0 30.1 170.1
Local Currency 6.7 - 6.7
175.1 78.2 253.3
(-) Cash & Marketable Securities 54.4 - 54.4 77.2%
Net Debt 120.7 78.2 198.9
Indexation Average Cost 18.6%
Index in Reais 83% CDI 2.3%
1.8%
Index by Dollar in US$ 6,3% per year
TJLP Dollar CDI YUAN
At the end of Jun/08, the company had consolidated contracts for US$ 53.7 million of Non Deliverable Forwards
(NDFs) at R$ 1,8078 per USD average FX rate, for the period of Jul 08 to Jun 09
If the such NDFs were expired on June 30, 2008, the company would have posted a gain of R$ 8.3 million,
which was accounted as a temporary Equity Reserve, according to the recent Brazilian law 11,638/07
27

28. 2Q08
July, 2008
CAPEX (R$ million)
84
73 68
68
54
44
35 28
12
2003 2004 2005 2006 2007 1H07 1H08 2Q07 2Q08
28

29. Capital Market

30. 2Q08
July, 2008
SHARES PERFORMANCE - LTM
40.00%
30.00%
20.00%
14.98%
10.45%
10.00%
10.73%
0.00%
Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08
-10.00%
MYPK3 IBOV IBX-100
Closing price of the last day of the month
Jul/08 – closing price of 30 (R$ 34.00)
Due to the low liquidity of MYPK3 before the conversion of the shares, was considered the price of MYPK4 before
the conversion (02/26/08) 30

31. 2Q08
July, 2008
AVERAGE DAILY TRADE VOLUME – R$ thousand
110
91 89
74
81
56 55
65
5,577
4,114 37
3,723 43 43
2,952 37 3,370
2,598
2,978
1,747 1,924
1,413 1,671 1,377
Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08
Volume Trades
Jul/08 – volume and trades until the 30th
Due to the low liquidity of MYPK3 before the conversion of the shares, was considered the volume and trade of
MYPK4 before the conversion (02/26/08) 31

32. 2Q08
July, 2008
OUTLOOK
Continued upside on domestic demand for vehicles and agriculture machinery
Continued upside on domestic demand for railway freight cars
Increase of production of commercial vehicle wheels plant in China in the third quarter of 2008
32

33. 2Q08
July, 2008
RESTRUCTURING
An Extraordinary Shareholders Meeting held on July 1, 2008, approved the grouping of the subsidiary Maxion
Sistemas Automotivos by Iochpe-Maxion, based on its book value
This restructuring aims to simplify the company’s operational and corporate structure, by concentrating all its
main Brazilian operations, except for the subsidiary Amsted Maxion Equipamentos Ferroviarios S.A., in a single
company, which will generate a non-recurring gain of approximately R$76 million, upon the conclusion of such
restructuring, foreseen for the third quarter
33

34. Additional Information

35. 2Q08
July, 2008
INCOME STATEMENT (R$ thousand)
Consolidated Income Statement R$
2Q08 N.O.R 2Q07 N.O.R 1H08 N.O.R 1H07 N.O.R
thousand
Net Operating Revenue 442,120 100.0% 318,963 100.0% 842,730 100.0% 605,117 100.0%
Cost of Goods Sold (352,194) 79.7% (261,247) 81.9% (673,224) 79.9% (493,307) 81.5%
Gross Profit 89,926 20.3% 57,716 18.1% 169,506 20.1% 111,810 18.5%
Operating Expenses
General and Administrative (12,110) 2.7% (10,831) 3.4% (23,902) 2.8% (23,256) 3.8%
Commercial (15,259) 3.5% (15,669) 4.9% (30,411) 3.6% (29,099) 4.8%
Others 803 -0.2% (2,400) 0.8% 1,379 -0.2% (1,537) 0.3%
(26,566) 6.0% (28,900) 9.1% (52,934) 6.3% (53,892) 8.9%
Operating Income (EBIT) 63,360 14.3% 28,816 9.0% 116,572 13.8% 57,919 9.6%
Financial Results
Financial Revenue 17,233 3.9% 9,034 2.8% 26,512 3.1% 13,778 2.3%
Financial Expenses (11,402) 2.6% (12,665) 4.0% (18,746) 2.2% (22,039) 3.6%
5,831 -1.3% (3,631) 1.1% 7,766 -0.9% (8,261) 1.4%
Earnings After Financial Income 69,191 15.6% 25,185 7.9% 124,338 14.8% 49,657 8.2%
Non Operating Results (761) 0.2% (2,605) 0.8% (2,030) 0.2% (6,873) 1.1%
Earnings Before Taxes 68,430 15.5% 22,580 7.1% 122,308 14.5% 42,784 7.1%
Income Taxes (24,340) 5.5% (8,693) 2.7% (44,085) 5.2% (17,483) 2.9%
Net Income 44,090 10.0% 13,887 4.4% 78,223 9.3% 25,301 4.2%
EBITDA* 71,848 16.3% 36,417 11.4% 133,110 15.8% 72,807 12.0%
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
35

36. 2Q08
July, 2008
BALANCE SHEET (R$ thousand)
ASSETS LIABILITIES
Jun-08 Jun-07 Jun-08 Jun-07
CURRENT CURRENT
Cash 54,378 46,457 Loans 175,060 83,451
Receivables 227,558 156,345 Payables 98,206 72,322
Inventory 220,105 146,990 Customers Advance 18,691 15,885
Recoverable Taxes 18,599 21,685 Wage and Charges 53,312 39,093
Others 19,149 18,240 Taxes 12,853 5,663
539,789 389,717 Dividends 172 153
Others 21,954 21,817
380,248 238,384
LONG TERM LONG TERM
Receivable 690 932 Loans 78,243 127,062
Deferred Income Taxes 19,367 24,958 Provisions 58,426 58,226
Others 21,935 24,278 Others 6,199 12,226
41,992 50,168 142,868 197,514
MINORITY - -
PERMANENT EQUITY
Intangible 4,090
Investments 359 359 Capital 261,463 161,463
Plants, Property and Equipment 329,418 284,842 Capital Reserves 56,156 103,472
Deferred Items 3,310 1,048 Retained Earnings 78,223 25,301
337,177 286,249 395,842 290,236
TOTAL ASSETS 918,958 726,134 TOTAL LIABILITIES 918,958 726,134
36

37. 2Q08
July, 2008
SHAREHOLDERS STRUCTURE
Shareholders Structure on 6/30/2008
Shareholder Shares %
IOSCHPE FAMILY 13,942,006 29.4%
BNDESPAR 11,593,401 24.4%
CONTROLLING SHAREHOLDERS 25,535,407 53.8%
OTHER 21,896,279 46.2%
TOTAL 47,431,686 100.0%
37

38. EARNINGS RELEASE – 2Q08
EARNINGS RELEASE – 2Q08
July, 2008