16 NOVEMBER 2016

Tecon Salvador Expansion

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Terminal OverviewExpansions Timeline

2000Start of operations

2012Conclusion of 1st expansion

Capacity

263k TEUs

Quay Length(1)

450 meters

Total Area

74.000 m²

Quay Length(1)

617 meters

Total Area

118.000 m²

Capacity

925k TEUs

Quay Length(1)

1.040 meters

Total Area

216.000 m²

1 2 31 21

2017Future expansion site after

executive project completion

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Reasons to Expand

Opportune Environment

� The new regulatory framework reinforces the possibility of early

extension of port lease agreements, in exchange of an investment

plan;

� The Government recognizes the existence of logistics bottlenecks and

publicly fosters investment in infrastructure;

� The Government has created means to encourage the private sector to

develop port terminals;

Containership Size Increase

2018-20 TBD 22.0k 460m

2013 ULCS 18.0k 400m

2004New

Panamax12.5k 366m

1988Post

Panamax5.0k 285m

1980 Panamax 3.4k 250m

1970Fully

Cellular2.5k 215m

YEAR CLASS DESIGN TEU LENGTH

Cabotage Berth Unable to Accommodate Largest Vessels

Limited Quay Length Increases Vessel Waiting Time

!

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Expansion ProjectFinal Layout - Conceptual Engineering Project

Notes: (1) The investments presented on this slide were calculated based on december 2013 based on conceptual project

Phase 1: Phase 2: Phase 3:

Total Investment

R$ 255.4 million

Total Investment

R$ 28.7 million

Total Investment

R$ 114.4 million

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Expansion ProjectPhase 1

Phase Description

� 423m quay extension, with a total length

of 800m after expansion;

� Acquisition of 3 STSs (Ship-to-shore Gantry

Cranes), Super Post-Panamax type;

� Total gross investment of R$ 255.4 M;

� Phase construction expected to commence

in nine months after the Amendment

signature and complete by 24 months after

the commencement of the works.

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Expansion ProjectPhase 2

Phase Description

� Leveling and paving an existing 28.160 sqm

backyard area;

� Total gross investment of R$ 28.7M;

� Phase construction limit by 2030.

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Expansion ProjectPhase 3

Phase Description

� Landfill and paving of an additional 88.803

sqm backyard area;

� Total gross investment of R$ 114.4M;

� Capacity at the end of Phase 3: 925k TEUs.

� Phase construction limit by 2034