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1Q11 Results 1
1Q11 Results
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Disclaimer
This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) includes “forward-looking statements”, as that term is defined in thePrivate 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 andare 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 andspecific. The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in suchspecific. The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in suchstatements 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 thesestatements.
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 partwithout MMX’s prior written consent.
Investor Relations
Roger Downey – CEO & IRO
Camila Anker– IR Manager
Rafaela Gunzburger – Analyst
Tel. + 55 21 2555-6197/ 6338
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Net profit for the 3rd consecutive quarter
1Q11 QoQ YoY
Sales 1.6 million ton -23% 7%
Gross Revenues R$ 195.6 million -12% 86%
Gross Profit R$ 108.9 million 5% 130%
EBITDA R$ 39.7 million -45% 269%
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(76.1)
72.7 63.8
-100
-50
0
50
100
1Q10 4Q10 1Q11
Net Profit (R$ million)
(23.4)
71.7
39.7
-30
0
30
60
90
1Q10 4Q10 1Q11
EBITDA (R$ million)
Increasing capacity utilization
2.0
2.5
Production (million tons)
4
0.0
0.5
1.0
1.5
1Q08 3Q08 1Q09 3Q09 1Q10 3Q10 1Q11
Record sales and production volumes for
a first quarter
0.3
1.5
2.0
2.5
Sales (million ton)
1.5
2.0
2.5
Production (million ton)
5
0.9
1.7
1.3
0.6
0.3
0.0
0.5
1.0
1.5
1Q10 4Q10 1Q11
Domestic Exports
1.8
2.1
2.0
0.0
0.5
1.0
1.5
1Q10 4Q10 1Q11
VTO – Next steps
Estimated Date Main Events
√ 1. April 20, 2011MMX publishes the VTO Edital
VTO acceptance term begins
2.May 20, 2011 until
12:00VTO acceptance term ends2.
12:00VTO acceptance term ends
3.May 20, 2011 at
03:00 pm
VTO auction proceeding takes place at the BM&FBOVESPA - Bolsa
de Valores, Mercadorias e Futuros ("BM&FBOVESPA")
4. May 24, 2011
First trading day of the newly issued royalties securities at
BM&FBOVESPA, under the code MMXM11 (as well as the newly
issued shares)
5. June 01, 2011 MMX's Material Fact regarding the next steps to be followed
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THANK YOUTHANK YOU
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