WEG's Investor presentation for the 3Q 2016.

2. Best way to invest in fast growing global energy efficiency
and renewable energy generation businesses
1BM&F Bovespa: WEGE3 / OTC: WEGZY
n One of the highest growth capital goods companies; number one or
number two in all product lines in Latin America
n Unique business model is based on vertical integration, production
flexibility and technological innovation
n Diversified product lines allows strong growth across different market
cycles
n We have a history of achieving CAGR of 18% over past 17 years through
organic growth and accretive acquisitions
n WEG 2020 Strategic Plan aims for R$ 20 billion / 17% CAGR through
international and product line expansion
1
2
3
4
5

3. Energy and
industrial efficiency
Renewable energy Smart grid Electrical mobility
Electric motors represent
around 70% of all industrial
consumption of electricity, or
25% of worldwide general
electricity consumption;
Electricity consumption is by
far the largest component of
total cost of ownership of
electric motors (may exceed
95%) for industrial clients;
Clear regulatory trend towards
minimum levels of electric
motor energy efficiency (lower
needs to expand generation);
Industrial productivity and
energy management drives
investments
Global drive to lower GHG
emissions;
Renewables allow distributed
generation, closer to
consumption and requiring
lower T&D infrastructure;
Economic viability is highly
dependent on scale. With
correct price incentives,
technology catches up with
economics;
Diversity of sources increases
systems stability and energy
availability. No energy is the
most expensive energy of all
Increasing urbanization adds to
congestions and need of
alternatives;
GHG and other pollutants
emitted by internal combustion
engines powered vehicles are
well above sustainable levels;
Electricity is clearly a more
efficient use of energy to power
vehicles. Pure electric, hybrids
and alternative fuels will grow
faster than the market;
Powertrain solutions are
scalable to all vehicle types
and sizes and to other
transportation modes (WEG
has commercially available
solutions in maritime
powertrains)
Electricity distribution grid is
evolving and becoming
”smarter”;
All nodes of the system, from
generation to consumptions
(and everything in between)
must be aware of conditions
and able to respond to
changes;
Every existing electric product
must evolve. There will be
more sensors, more
automation, more efficient
generation and use of
electricity;
New products are being
developed and change is just
now starting
Our industry is undergoing major shifts
Megatrends are creating changes in demand patterns and new business
opportunities
2BM&F Bovespa: WEGE3 / OTC: WEGZY

4. WEG’s strategic vision is to provide
complete and efficient solutions with a
complete line of electrical machines,
from the generation all the way to the
consumption.
This means that we want to continue to
be a competitive supplier of electrical
equipment for typical applications. For
example, WEG is one the world's
largest supplier of industrial electric
motors used by OEM in the
manufacturing pumps, compressors
“End to end of the wire”
The global solution in electric machines and automation for the
industry and energy systems
3BM&F Bovespa: WEGE3 / OTC: WEGZY
and industrial fans, the typical uses of
such products.
We also can use this production
competitiveness and flexibility and our
broad product line to integrate those
products into a complete solutions.
We can combine electric motors of
several types and sizes with the drives
and controls to create complex industry
automation systems. Or complete
solutions for electricity generation from
renewable sources. Or complete
energy substations for just about any
use. Important to note that these
systems are basically comprised of
WEG manufactured products.
This integrated approach based on
competitive manufacturing capabilities
has been the basis of our market
presence and how we present
ourselves to our clients and to the
general market.
Generation Transmission Distribution Industrial use Electric
traction
Building
Automation

5. Sustainable growth
WEG’s revenue growth and margins are among the highest in the
industry
4BM&F Bovespa: WEGE3 / OTC: WEGZY
Revenues Growth (US$) Profitability (EBITDA Margins)
9,4%
19,2%
12,3%
7,5%
-0,5%
9,4%
3,6%
2,6% 2,4%
-1,7%
A WEG C B D
CAGR 2006-2010
CAGR 2011-2015
A C B DWEG
WEG
B
D
C
A
7,0%
9,0%
11,0%
13,0%
15,0%
17,0%
19,0%
21,0%
23,0%
25,0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

6. Strategic positioning
WEG offers a complete range of electric products and systems with an
integrated one-stop solution
5BM&F Bovespa: WEGE3 / OTC: WEGZY
Motors
Fractional
Industrial
High Voltage
Gear boxes
Energy
Alternators
Thermal (Biomass)
Small Hydro
Wind
Solar
T&D
Power Trafos
Dry Trafos
Distribution Trafos
Substations
Automation
Drives
Controls
Panels

7. Clear competitive advantages
Unique business model creates important and defensible competitive
advantages
DiversificationVertical Integration
Financial Flexibility
Modular Expansion
Global Presence
Vertical integration allows
production flexibility to
competitively supply small batches
of highly customized products that
are matched to perfection to our
customers’ needs. We do mass
customization, not mass
production.
Our production flexibility allows us
to target the markets
(geographies, segments and
products) that offer the best
growth perspectives. It also
allows us to target markets based
on returns, not on our needs to
occupy specialized production
capacity.
Financial flexibility allows WEG to
pursue growth opportunities as
they become available. These
opportunities range from trivial,
like raw materials procurement at
attractive conditions, to strategic,
like acquisitions.
The diversity of our product offering also allows us
to expand internationally, leveraging the expertizes
we have developed into new markets and being a
premier partner for our global customers
Our production system is also
based on modular expansion,
avoiding idle capacity build up,
maximizing returns on capital e
lowering demand risks.
6BM&F Bovespa: WEGE3 / OTC: WEGZY

8. 15,8%
18,5%
5,4%
4,5%
0,6%
9,8%
11,2%
34,1%
3Q16 Revenues
R$ 2.2 billion
WEG business
Diversified product line allows for strong growth across different
market cycles
7BM&F Bovespa: WEGE3 / OTC: WEGZY
Industrial Electro-
Electronic Equipment
CoatingsEnergy Generation, Transmission
and Distribution (GTD)
External Markets Domestic Market
Motors for domestic use

9. Revenues (R$ million)
Solid growth track record
Business model allows us to find and explore growth opportunities,
even under unfavorable macroeconomic conditions
8BM&F Bovespa: WEGE3 / OTC: WEGZY
EBITDA (R$ million) and EBITDA Margin
CAGR
20.1%
Net Income (R$ million) and Net Margin ROIC
CAGR
18.1%
CAGR
17.5%
353
372
466
527
628
800
1.066
1.282
1.694
2.204
2.515
3.009
3.749
4.502
4.211
4.392
5.189
6.174
6.829
7.841
9.760
59
67
96
119
133
188
256
293
381
475
462
617
839
1.021
812
789
851
1.017
1.230
1.345
1.478
18,1%
20,7%
22,5%
21,2%
23,5% 24,1%
22,8% 22,5%
21,5%
18,4%
20,5%
22,4% 22,7%
19,3%
18,0%
16,4% 16,5%
18,0% 17,2%
15,1%
30
41
58
98
82
125
176
220
308
403
375
503
575
560
549
519
587
656
843
955
1.156
10,9%
12,6%
18,5%
13,1%
15,7%
16,5%
17,2%
18,2% 18,3%
14,9%
16,7%
15,3%
12,4% 13,0%
11,8% 11,3%
10,6%
12,4% 12,2% 11,8%
10,4%
13,5%
14,7%
15,9%
12,1%
10,0%
10,3%
11,8%
14,3%
13,6% 13,5%

10. Margin dynamics
Margins are the result of product mix and product pricing
conditions, and tend to track global economic cycle
ProductPricing
Product Mix
Average
Margin
BM&F Bovespa: WEGE3 / OTC: WEGZY 9

11. Margin dynamics
Growth of external markets that results from stronger brand is
neutral on margins
BM&F Bovespa: WEGE3 / OTC: WEGZY 9
24% 25% 28% 34% 34%
38% 40%
44%
45%
42%
44%
41%
41%
40%
39%
44%
51%
50%
51%
57%
76% 75% 72% 66% 66% 62% 60%
56% 55% 58%
56%
59% 59% 60% 61%
56% 49% 50%
49%
43%
364 456 527 628 800
1,066
1,282
1,694
2,204
2,515
3,009
3,749
4,502
4,211
4,392
5,189
6,174
6,829
7,841
9,760
18.5%
21.1%
22.5%
21.2%
23.5% 24.1%
22.8% 22.5%
21.5%
18.4%
20.5%
22.4% 22.7%
19.3%
18.0%
16.4% 16.5%
18.0%
17.2%
15.1%
Mercado Interno Mercado Externo Margem Ebitda
y = -0.1607x + 0.2663
R² = 0.2576
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
0% 10% 20% 30% 40% 50% 60%

12. WEG strategic planning process
We adopted a bottom–up approach, selecting the individual
opportunities that offered the best fit to clear strategic guidelines
11BM&F Bovespa: WEGE3 / OTC: WEGZY
Opportunities
Discovery
Business
analysis
The process started with the
involvement of management at
all levels, from market-facing
mid-level managers to senior
C-level officers, that discussed
recent evolution, trends and
growth opportunities, current
and future, in all our core and
adjacent markets.
The ideas were developed into
business plans, including
market assumptions, earnings
and cash flow projection
models, so each opportunity
could be assessed in terms of
its expected results and
margins.
Capital Requirement
analysis
The analysis then considered
the capital intensity of each
opportunity. The results and
margins are not necessarily
good or bad, they must be
considered within the context
of the capital required to
pursue the growth opportunity.
The net result is ROIC.
Risk adjusted ROIC
analysis
Finally, each opportunity was
assessed in terms of
identifiable, business-related,
non-systemic risks. This was
then used to adjust the ROIC,
or ROIC’

13. 4.392
5.189
6.174
6.829
7.841
9.760
20.000
18%
19%
11%
15%
24%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
WEG strategic Plan 2020
Corporate aspiration of R$ 20 billion by 2020. Growth comes from
diverse base, with a disciplined approach to organic and non organic
expansion
12BM&F Bovespa: WEGE3 / OTC: WEGZY
1/3
Non Organic
2/3
Organic
CAGR
17.9%
CAGR
15%

14. Our products / markets enjoy fairly healthy
organic growth trends. For example, the global
market for industrial use electric motors is
independently estimated to grow 5% to 10% per
year. If we are able to maintain our market
positions, either leadership and / or strong brand
recognition, we will be in position that advantage
of this healthy growth dynamics;
Growth drivers
The growth opportunities identified can be separated into
three distinct categories/growth strategies
13BM&F Bovespa: WEGE3 / OTC: WEGZY
We will continue to expand into
new geographies, initially with
industrial electric motors. As
we have established market
positions and/or recognized
brands, we will leverage those
to synergistically expand the
product line.
We will also continue to
expand the product line into
business / products that
complement the offering and
allows us to offer our clients
more complete and efficient
solutions.
International
Expansion
International
Expansion
New
Businesses
New
Businesses
“More and
Better”
“More and
Better”

15. Technology
MarketAccess
2010
2010
2010 2010
2011
20112011
2011
2012
2012
2012
Portfolio strategy
Clear vision of attractiveness of opportunities and of the
strategic fit
14BM&F Bovespa: WEGE3 / OTC: WEGZY
2014
2014
2013
2014
2014
20142015
2015
2015
March 2016
October 2016

16. Revenue profile
15BM&F Bovespa: WEGE3 / OTC: WEGZY
2015
2008

17. Global production platform
16BM&F Bovespa: WEGE3 / OTC: WEGZY
Produced and sold in Brazil
Produced in Brazil and exported
Produced and sold abroad
65%
31%
4%
2008
43%
32%
25%
2015

18. Capex (R$ million)
Use of cash
17BM&F Bovespa: WEGE3 / OTC: WEGZY
Research & Development (R$ million)
Net Earnings and Dividends (R$ million)Working Capital (% of Net Revenues)
16 18 18 21 30 34
63
73
86 89 83
101
131
148
183
224
284
197
2,5%
2,3%
1,7% 1,6%
1,8%
1,5%
2,5% 2,4%
2,3%
2,0% 2,0%
2,3%
2,5%
2,4%
2,7%
2,9% 2,9%2,8%
% of Net Revenues
42 38 49 73 83
126
206
146
111
305
457
226 233
188
238 244
425
468
243
8,0%
6,1%6,1%
6,8% 6,5%
7,4%
9,3%
5,8%
3,7%
8,1%
10,2%
5,4%
5,3%
3,6%3,9%3,6%
5,4%
4,8%
3,5%
% of Net Revenues
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
3Q08 3Q09 3Q10 3Q11 3Q12 3Q13 3Q14 3Q15 3Q16
Working Capital
Inventories
Clients
Suppliers
Advances

19. Issuer
Ticker
Number of Shares
Share price
Market value
WEG S.A.
WEGE3 (BM&FBovespa) / WEGZY (OTC – ADR Level 1)
Listing Segment Novo Mercado (since 2007)
Issued: 1,614,353,076
In treasury: 1,055,483
Ex-treasury: 1,613,297,593
On Dec 30, 2015 : R$ 14.95
On Oct 24, 2016 : R$ 17.62
On Dec 30, 2015 : R$ 24.1 billion
On Oct 24, 2016 : R$ 28.4 billion
Liquidity (average
daily volume)
In 2015: R$ 27,576 thousand / day
In 2016: R$ 33,883 thousand / day
Composition of
Free Float
54% - Foreign institutions
02% - Brazilian institutions
44% - Others (individuals, etc.)
Capital markets information
18BM&F Bovespa: WEGE3 / OTC: WEGZY

20. 35%50%14%
WEG S.A.WEG S.A.
Voigt
33.3%
Voigt
33.3%
Silva
33.3%
Silva
33.3%
Werninghaus
33.3%
Werninghaus
33.3%
Treasury and
Management
Treasury and
Management
WPA
Participações e
Serviços S/A
WPA
Participações e
Serviços S/A
Founders’
Families
(directly)
Founders’
Families
(directly)
Free FloatFree Float
1%
Shareholding structure
19BM&F Bovespa: WEGE3 / OTC: WEGZY

21. 4,00
5,00
6,00
7,00
8,00
9,00
10,00
11,00
12,00
13,00
14,00
15,00
16,00
17,00
18,00
19,00
20,00
WEGE3shareprices(R$)
20
WEGE3 performance
BM&F Bovespa: WEGE3 / OTC: WEGZY
Inclusion
Ibrx-100
Selected for
ISE 2014
Selected for
DJSI-EM
Selected for
ISE 2015
Inclusion
Ibovespa
Inclusion
Ibrx-50

22. Paulo Polezi
Investor Relations
Officer
Luis Fernando
Oliveira
Investor Relations
+55 (47) 3276-6367
luisfernando@weg.net
Investor Relations Contacts
+55 (47) 3276-6354
ppolezi@weg.net
twitter.com/weg_ir
https://www.facebook.com/ri.weg
plus.google.com/113035339542615065006/posts
www.linkedin.com/company/weg-investor-relations
www.weg.net/ir

23. Highlights
Yearly Figures
22BM&F Bovespa: WEGE3 / OTC: WEGZY
2015 2014 % 2013 %
Net Operating Revenue 9,760,323 7,840,757 24.5% 6,828,896 42.9%
Domestic Market 4,227,286 3,876,757 9.0% 3,432,040 23.2%
External Markets 5,533,036 3,964,000 39.6% 3,396,856 62.9%
External Markets in US$ 1,654,261 1,684,785 ‐1.8% 1,569,447 5.4%
Gross Operating Profit 2,765,588 2,484,497 11.3% 2,236,766 23.6%
Gross Margin 28.3% 31.7% 32.8%
Quarterly Net Income 1,156,065 954,726 21.1% 843,467 37.1%
Net Margin 11.8% 12.2% 12.4%
EBITDA 1,477,603 1,344,829 9.9% 1,230,032 20.1%
EBITDA Margin 15.1% 17.2% 18.0%
EPS (adjusted for splits) 0.71669 0.59180 21.1% 0.52289 37.1%
Figures in R$ Thousands

24. Highlights
Quarterly Figures
23BM&F Bovespa: WEGE3 / OTC: WEGZY
Q3 2016 Q2 2016 % Q3 2015 %
Net Operating Revenue 2,238,078 2,335,255 ‐4.2% 2,546,349 ‐12.1%
Domestic Market 991,101 947,241 4.6% 1,087,388 ‐8.9%
External Markets 1,246,977 1,388,014 ‐10.2% 1,458,962 ‐14.5%
External Markets in US$ 384,016 395,460 ‐2.9% 411,211 ‐6.6%
Gross Operating Profit 618,962 641,668 ‐3.5% 724,802 ‐14.6%
Gross Margin 27.7% 27.5% 28.5%
Net Income 257,043 254,997 0.8% 265,409 ‐3.2%
Net Margin 11.5% 10.9% 10.4%
EBITDA 338,053 326,051 3.7% 395,093 ‐14.4%
EBITDA Margin 15.1% 14.0% 15.5%
EPS (adjusted for splits) 0.15933 0.15806 0.8% 0.16459 ‐3.2%
Figures in R$ thousands

25. Highlights
Balance sheet – assets
24BM&F Bovespa: WEGE3 / OTC: WEGZY
Figures in R$ thousands
R$ % R$ % R$ % (A)/(B) (A)/(C)
CURRENT ASSETS 9,182,023 67% 9,589,344 67% 9,679,358 68% ‐4% ‐5%
Cash & cash equivalents 4,735,833 35% 4,434,759 31% 4,288,962 30% 7% 10%
Receivables 2,267,128 17% 2,545,927 18% 2,576,676 18% ‐11% ‐12%
Inventories 1,647,138 12% 2,009,254 14% 2,248,834 16% ‐18% ‐27%
Other current assets 531,924 4% 599,404 4% 564,886 4% ‐11% ‐6%
LONG TERM ASSETS 436,183 3% 619,206 4% 569,135 4% ‐30% ‐23%
Long term securities ‐ 0% 214 0% ‐ 0% ‐100% ‐
Deferred taxes 127,848 1% 131,327 1% 108,749 1% ‐3% 18%
Other non‐current assets 308,335 2% 487,665 3% 460,386 3% ‐37% ‐33%
FIXED ASSETS 4,016,619 29% 4,052,991 28% 4,041,424 28% ‐1% ‐1%
Investment in Subs 224 0% 1,379 0% 1,463 0% ‐84% ‐85%
Property, Plant & Equipment 3,066,288 22% 3,264,898 23% 3,255,878 23% ‐6% ‐6%
Intangibles 950,107 7% 786,714 6% 784,083 5% 21% 21%
TOTAL ASSETS 13,634,825 100% 14,261,541 100% 14,289,917 100% ‐4% ‐5%
(A) (B) (C)
September 2015September 2016 December 2015

26. Highlights
Balance sheet – liabilities
25BM&F Bovespa: WEGE3 / OTC: WEGZY
Figures in R$ thousands
R$ % R$ % R$ % (A)/(B) (A)/(C)
CURRENT LIABILITIES 3,021,444 22% 3,494,850 25% 4,597,696 32% ‐14% ‐34%
Social and Labor Liabilities 319,764 2% 191,077 1% 313,073 2% 67% 2%
Suppliers 519,466 4% 566,769 4% 671,967 5% ‐8% ‐23%
Fiscal and Tax Liabilities 117,928 1% 121,461 1% 151,490 1% ‐3% ‐22%
Short Term Debt 866,919 6% 1,284,633 9% 2,107,029 15% ‐33% ‐59%
Dividends Payable 84,982 1% 172,484 1% 92,809 1% ‐51% ‐8%
Advances from Clients 518,105 4% 486,225 3% 578,720 4% 7% ‐10%
Profit Sharring 82,974 1% 143,897 1% 84,861 1% ‐42% ‐2%
Derivatives 35,584 0% 1,438 0% 3,107 0% 2375% ‐
Other Short Term Liabilities 475,722 3% 526,866 4% 594,640 4% ‐10% ‐20%
LONG TERM LIABILITIES 4,650,027 34% 4,610,631 32% 3,702,273 26% 1% 26%
Long Term Debt 3,887,457 29% 3,868,335 27% 2,972,924 21% 0% 31%
Other Long Term Liabilities 172,968 1% 159,632 1% 168,922 1% 8% 2%
Deferred Taxes 184,930 1% 242,696 2% 230,914 2% ‐24% ‐20%
Contingencies Provisions 404,672 3% 339,968 2% 329,513 2% 19% 23%
MINORITIES 111,384 1% 126,680 1% 128,400 1% ‐12% ‐13%
STOCKHOLDERS' EQUITY 5,851,970 43% 6,029,380 42% 5,861,548 41% ‐3% 0%
TOTAL LIABILITIES 13,634,825 100% 14,261,541 100% 14,289,917 100% ‐4% ‐5%
(A) (B) (C)
September 2015September 2016 December 2015

27. Highlights
Cash flow statement
26BM&F Bovespa: WEGE3 / OTC: WEGZY
Figures in R$ thousands
9 Months 9 Months
2016 2015
Operating Activities
Net Earnings before Taxes 920,499 927,824
Depreciation and Amortization 254,047 234,216
Provisions: 225,457 477,545
Changes in Assets & Liabilities 189,246 (933,684)
(Increase) / Reduction of Accounts Receivable 114,662 (599,997)
Increase / (Reduction) of Accounts Payable 186,636 311,650
(Increase) / Reduction of Investories 243,869 (250,318)
Income Tax and Social Contribution on Net Earnings (168,189) (235,308)
Profit Sharing Paid (187,732) (159,711)
Cash Flow from Operating Activities 1,589,249 705,901
Investment Activities
Fixed Assets (244,842) (352,913)
Intagible Assets (5,498) (23,001)
Results of sales of fixed assets 7,491 13,202
Asset Rightdowns ‐ ‐
Long term securities bought (171,201) (10,948)
Aquisition of Subsidiaries (292,301) (115,552)
Cash Aquired from Subsidiaries 4,014 3,729
Cash Flow From Investment Activities (702,337) (485,483)
Financing Activities
Working Capital Financing 1,042,632 1,106,349
Long Term Financing (902,609) (580,619)
Interest paid on loans and financing (299,306) (182,272)
Treasury Shares 5,101 (8,814)
Dividends & Intesrest on Stockholders Equity Paid (524,736) (519,127)
Cash Flow From Financing Activities (678,918) (184,483)
Change in Cash Position (78,335) 91,595
Change in Cash Position 129,659 127,530
Cash & Cash Equivalents
Beginning of Period 3,277,115 3,284,275
End of Period 3,406,774 3,411,805

28. Highlights
Balance sheet – debt and cash position
27BM&F Bovespa: WEGE3 / OTC: WEGZY
Figures in R$ thousands
Cash & Financial instruments 4,915,263 4,813,700 4,630,389
‐ Current 4,745,649 4,442,278 4,316,136
‐ Long Term 169,614 371,422 314,253
Debt 4,854,150 100% 5,170,654 100% 5,095,869 100%
‐ Current 902,503 19% 1,286,071 25% 2,110,136 41%
‐ In Brazilian Reais 611,532 638,990 1,144,511
‐ In other currencies 290,971 647,081 965,625
‐ Long Term 3,951,647 81% 3,884,583 75% 2,985,733 59%
‐ In Brazilian Reais 2,285,319 1,751,352 1,219,314
‐ In other currencies 1,666,328 2,133,231 1,766,419
Net Cash (Debt) 61,113 (356,954) (465,480)
September 2016 December 2015 September 2015