1Q12 RESULTS
Rio de Janeiro | May 2012
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.
DISCLAIMER
1Q12 QoQ YoY
Sales 1.4 million ton -28% -13%
Net Revenues R$ 159.2 million -43% -11%
Net Profit R$ 49.3 million -29% -23%
EBITDA R$ 4.2 million -91% -90%
REVENUES AND EBITDA
63.8 69.2
49.3
0
25
50
75
1Q11 4Q11 1Q12
Net Profit (R$ million)
41.7 20.4
4.2
0
15
30
45
1Q11 4Q11 1Q12
EBITDA (R$ million)
0.9
1.3
1.1
1.7
1.3 1.3
1.5
1.1 1.1
0.6
0.5
0.6
0.3
0.3
0.8
0.7
0.8
0.3
0.0
0.5
1.0
1.5
2.0
2.5
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12
Sales (million tons)
Domestic Export
1.5
1.8
2.0
1.6
2.1 2.21.9
1.7
SALES VOLUME
1.4
LONG TERM DEBT PROFILE AND GROSS MARGIN
61% 59% 53%
0%
15%
30%
45%
60%
1Q11 4Q11 1Q12
Gross Margin (%)
38%
29% 32%
62%
71% 68%
0%
20%
40%
60%
80%
100%
1Q11 4Q11 1Q12
Debt profile
Short Term Long Term
Sudeste Superport
Railway access
6
Sudeste Superport
Stockyard Elevation 6 m
7
Sudeste Superport
Car Dumpers Elevation 6 m
8
Sudeste Superport
Stockyard Elevation 32 m
9
11 m
20.5 m
Sudeste Superport
Tunnel entrance
10
11
Superporto Sudeste
Offshore Structure
Bridge
250 m
Pier
766 m
SUDESTE SUPERPORT
12
Shiploader
Equipment
Car dumpers
(Silo and Feeders)
13
Equipment
Car dumpers
(Car Positioners)14
Investor RelationsGuilherme Escalhão – CEO and IRO
Rafaela Gunzburger – AnalystBeatriz Yoshinaga - Analyst
Tel. + 55 21 2555-6338/[email protected]