4Q12 Presentation of Results

7/29/2019 4Q12 Presentation of Results

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Presentation of 4Q12 Results


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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 includefactors 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 prior 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).

2


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Agenda

4Q12 and 2012 Results

Growth plan

3


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4Q12 Highlights

41 ROIC: Return on Invested Capital

4Q12/4Q11 +27.5% +20.0% - 234 bps

154.2145.0

164.0175.1 175.1

193.5 199.1211.1

222.2 222.2

246.8

45.4 52.858.0 50.8

59.976.4

86.2 84.496.1 90.4 91.7

30.1 22.2 22.6 17.8 23.829.5 32.7

39.2 38.0 34.7 41.6

29.4%

36.4% 35.4%

29.0%34.2%

39.5%

43.3%40.0%

43.2%40.7%

37.1%

18.8% 13.8% 12.7%

8.6%11.1%

14.2% 15.1% 13.6%15.8% 14.5%

14.5%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

-

50.0

100.0

150.0

200.0

250.0

300.0

4Q10 1Q11 2Q11 3Q11 3Q11* 4Q11 1Q12 2Q12 3Q12 3Q12* 4Q12

Net Revenues EBITDA Net Income EBIDA Margin ROIC

+27 bps+41.0%

4Q12/3Q12* +11.1% +1.4% - 354 bps + 3 bps+19.9%

In R$ million

* Excluding the negative impact of R$ 9.1 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in theamount of R$ 6.8 million in 3Q12

NewRecords


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Despite the weak performance of the Brazilian economy in 2012, we achieved strong growth

as shown in our key financial indicators

5

2012

Expected

2012

ActualBrazil GDP 3.84% 1 0.90%

Civil ConstructionGDP 5.00% 1.40%

Industrial GDP 3.70% 3 -0.80%

PAC Investments R$ 74 biR$ 39 bi(-47%)

Residentiallaunches 4 -22.7% -49.6%

5

1 Focus Report, January 4, 2013.2 IBGE 3 Bacen, Inflation Report, December 2012.4 8 listed companies: PDG, Cyrela, Rossi, Brookfield, Eztec, Tecnisa, Trisul, Gafisa.5 For the first nine months of 2012, compared to the first nine months of 2011

29.8%

50.5%

64.4%

0%

10%

20%

30%

40%

50%

60%

70%

Revenue EBITDA Net earnings

2012/2011 Growth (%)

Economic indexes Mills Financial Indicators


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Net revenues reached R$ 246.8 million in 4Q12

6


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34.231.8

30.6

33.2 33.236.1

39.341.9

45.5 45.547.3

13.315.6

14.1

8.6

14.4

19.5 18.921.2

24.1 22.820.2

38.8%

48.9%46.2%

26.0%

43.5%

54.0%

48.0%50.6%

52.9%50.2% 42.7%

18.8%

14.4%12.1%

4.5%

12.0%

17.5% 16.6% 17.8%19.7% 18.3%

14.8%

0%

10%

20%

30%

40%

50%

60%

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

4Q10 1Q11 2Q11 3Q11 3Q11* 4Q11 1Q12 2Q12 3Q12 3Q12* 4Q12

Net Revenue EBITDA EBITDA Margin ROIC

Heavy Construction Financial performance

1 ROIC: Return on Invested Capital7

+31.2% +3.6% - 1,130 bps - 270 bps

+3.9% - 11.6% - 750 bps - 350 bps

In R$ million

4Q12/4Q11

4Q12/3Q12*

* Excluding the negative impact of R$ 5.8 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in the amount of R$1.5 million in 3Q12


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8

Heavy Construction 2012 Highlights

Source: Mills

32.2%

45.9%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%50%

Revenue EBITDA

2012/2011 Growth (%)

Financial Indicators Heavy Construction

Alumills

Modular System


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Belo Monte hydroelectricpowerplant Monorail line Gold Subway line 5 SP Subway line 4 RJ Au port Verdo stadium Light rail Cuiab Norte-Sul railway New phases of Ponta da Madeiraport

Jirau, Colder and Teles Pireshydroelectric powerplants Abreu e Lima refinery Paranaenses arena Monorail line Silver - SP

Transordestina railway BR-448 Comperj refinery Manaus airport BRT Transcarioca Porto Maravilha Aratu Port Metropolitan arch RJ Carajs railway BRT Belm

Subway line 2 - SP Maracan stadium Man Garrincha stadium Sudeste port Ponta da Madeira port

Serra Leste mine

Viracopos airport Braslia airport Surroundings of the Maracan stadium Surroundings of the Corinthians Arena

Bridge over the Araguaia River Expansion of Carajs mine Paraguau shipyard

New phases of Belo Monte hydroeletric powerplant New stretches of subway lines 4 and 5 New stretches of Monorail line Gold BRT Fortaleza

Guarulhos airport Fortaleza airport Natal airport

Important contracts per stage in the evolution of monthly revenue from the heavy

construction projectsNew

contracts*Contracts with

growing volume of equipment

Contracts with highvolume of equipment

Contracts in thedemobilization process

Source: Mills

Time

R e v e n u e

I n d e x

( B a s

i s 1 0 0 =

M a x

i m u m

m o n

t h l y r e v e n u e

i n

t h e

l i f e o

f c o n s

t r u c

t i o n

)

Newcontracts*


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The construction work related to World Cup and Olympic events represented 22%

of Heavy Construction 4Q12 revenue

10Source: Mills

4Q12 RevenueR$ 47.3 million

World Cupand Olympics

22%

Industry25%

Infrastructure39%

Others14%


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32.829.2

34.7

39.4

52.46 52.5

58.9 60.5 60.5

66.0

11.6 12.3 13.516.4

23.926.3 27.2

33.829.4

26.1

35.5%

42.0%38.8%

41.6%

45.5%50.1% 46.1%

55.9%

48.6%

39.6%

22.3%

15.2%

13.0% 12.5%

16.3%15.6% 14.8%

20.2%

16.9%

12.6%

0%

10%

20%

30%

40%

50%

60%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 3Q12* 4Q12


Jahu Residential and Commercial Construction Financial performance

11

+25.9% +9.5% - 590 bps -370 bps

+9.1% - 11.2% - 900 bps - 430 bps

In R$ million

4Q12/4Q11

4Q12/3Q12*

* Excluding the positive effect of R$ 5.3 million of tax contingency reversal in 3Q121 ROIC: Return on Invested Capital


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Jahu 2012 Highlights

52.8%

71.9%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Revenue EBITDA

2012/2011 Growth (%)

Financial Indicators - Jahu

Mills Deck Light Alumills

Mast climbing platformSL-2000


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Great penetration of concrete wall for the Minha Casa, Minha Vida program

Use of concrete wall should reach 40% of the properties of the Minha Casa, Minha Vida program in2014/15

3%

97%

2010/11

15%

85%

2012/13

40%

60%

2014/15

30,000 HU 150,000 HU 400,000 HU

Concrete wall construction Construction using other systems

Source: Criative


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Industrial Services Financial performance

141 ROIC: Return On Invested Capital

+18.2% +259.6% +950 bps +1,450 bps

+21.5% +7,268.7% +1,400 bps +1,950 bps

In R$ million

4Q12/4Q11

4Q12/3Q12

56.4

50.2

57.5 56.9

50.2 50.954.8

48.8

59.3

5.8 6.18.1

4.12.3

6.2 4.7

0.1

8.4

10.3%

12.2% 14.2%

7.2%4.7%

12.1%

8.5%

0.2%

14.2%14.8%

9.6%

14.2%

3.2%

-1.2%

7.5%

3.9%

-6.2%

13.3%

-10%

-5%

0%

5%

10%

15%

20%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12



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Industrial Services 2012 Highlights

15

-0.5%-6.4%

-40%

-30%

-20%

-10%

0%Revenue EBITDA

2012/2011 Growth (%)Financial Indicators Industrial Services

Congratulations to all Mills employees for 1,000 (one thousand) days without accidents aboard the platform P-23. Suchan accomplishment would never have beenachieved without the experience and commitment to safety of professionals onboard.


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Oil and Gas contracts represented 33% of net revenue in 4Q12

16

Per type Per industry

4Q12 RevenueR$ 59.3 million


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30.8 33.7

41.2

45.6 45.6

54.9 56.5 55.4

67.4

74.2

14.718.9

22.3 21.725.0

30.734.9

31.4

38.0 36.9

47.6%

56.0%54.1%

47.6%

54.8% 56.0%

61.8%

56.6%

56.5% 49.8%

18.7%

17.3% 17.1%

12.9%

16.0%18.6% 20.3%

16.3% 16.3% 16.9%

0%

10%

20%

30%

40%

50%

60%

70%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

4Q10 1Q11 2Q11 3Q11 3Q11* 4Q11 1Q12 2Q12 3Q12 4Q12


Rental Financial Performance

17

+35.3% +20.2% - 620 bps - 170 bps

+ 10.2% -2.9% - 670 bps + 60 bps

In R$ million

4Q12/4Q11

4Q12/3Q12

* Excluding the negative effect of R$ 3.3 million of Allowance for Doubtful Debt (ADD) in 3Q111 ROIC: Return on Invested Capital


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18

Rental 2012 Highlights

44.5%

50.8%

41%

42%

43%

44%

45%

46%

47%

48%

49%

50%

51%52%

Revenue EBITDA

2012/2011 Growth (%)

Financial Indicators - Rental Best Access Company of the Year at IAPA Awards


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Agenda

4Q12 and 2012 Results

Growth plan

19


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Presentation of 4Q12 Results

Mills Investor RelationsTel.: +55 (21) 2123-3700E-mail: [email protected]

www.mills.com.br/ri
mailto:[email protected]:[email protected]

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4Q12 Presentation of Results

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