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Net Revenue    Net revenue advanced 35.6%, reaching R$72.3 million;
Gross Profit   Gross profit of R$47.0 million , representing a 37.0% increase and 65.0%

               gross margin;

EBITDA         Adjusted EBITDA reached R$22.9 million, representing a 31.1% increase

               and 31.7% margin;

Net Income     Adjusted net income reached R$17.1 million, a 32.7% growth;

IPO            Stock market listing on the Novo Mercado of BM&FBovespa under

               ticker symbol TECN3.
145.4

               101.3
                               Gross revenue
       88.0
64.1
                               •   R$88.0 million, +37.3% in 2Q11;

                               •   R$145.4 million, +43.4% in1H11.

2Q10   2Q11   1H10     1H11




                       119.2


       72.3
              84.2             Net revenue
53.3
                               •   R$72.3 million, +35.6% in 2Q11;

                               •   R$119.2 million, +41.5% in 1H11.
2Q10   2Q11   1H10     1H11
1.500
                                                                       130

                                       129


               1.000    126                                            125
                                                 125           1.117

                                                                123

                                                 760                   120
                 500                   647
                        481
                                                                       115


                   0
                                                                       110
                       2Q10           2Q11      1H10           1H11


                              Volume („000)      Average Price (R$)



•   Share increase of Fashion category - lower average prices;

•   Success of the high valued-added collections for Valentine‟s Day in 2Q11.
100%            3.0                                 100%
                              10.7
                21.1                                        28.7       28.9
80%                           18.8                  80%


60%                                                 60%
                                          Fashion
                                         Moda                                  Department Stores and
                                                                               Magazines e Outros
                                                                               Others
40%                                       Sports
                                         Esporte    40%                        Lojas Especializadas
                                                                               Specialized Stores
                75.9          70.4                          71.3       71.1
                                          Classic
                                         Clássico
20%                                                 20%


 0%                                                  0%

             2T10
            2Q10             2T11
                            2Q11                            2T10
                                                           2Q10       2T11
                                                                      2Q11



       •   Fashion category increased 7.7 p.p. in 2Q11:
            •     Mariner brand launched in nov/2010;
            •     Euro brand ramp-up;
       •   All distribution channels posted strong growth during the period.
75.4
                                 47.0
                                 65.0%                     53.0
           34.3                                                              63.3%

           64.4%                                          62.9%




           2Q10                  2Q11                      1H10              1H11
           Gross Profit (R$ m)                            Gross Margin (%)




•   In line with revenue growth;

•   Success of the high valued-added collections for Valentine‟s Day.
22.9                             36.0

      17.5                              24.9
                                                          30.2%
      32.8%                            29.5%
                         31.7%




      2Q10               2Q11          1H10                1H11

     Adjusted EBITDA (R$ m)           Adjusted EBITDA Margin (%)




•   Increase in sales expenses: +53.7% in 2Q11 and +52.7% in 1H11;

•   Dilution of general and administrative expenses.
26.1

                                17.1
                                            19.7
            12.8


           24.1%    -0.5 pp    23.6%       23.4%              21.9%



            2Q10                2Q11        1H10               1H11

          Adjusted Net Income (R$ m) m)
           Lucro Líquido Ajustado (R$     Adjusted Net Margin (%) (%)
                                          Margem Líquida Ajustada




•   Sale of the Company‟s headquarters already excluded from adjusted net income.
% Net               % Net
                                                      June/11             June/10
                                                                Revenue             Revenue
    R$ m
    (+) Accounts Receivable                            104.8     41.4      76.9      40.1

    (+) Inventory and Advances to Suppliers            83.2      32.9      54.9      28.6
    (-) Accounts Payable                                5.2       2.0       2.8       1.4
    (=) Working Capital                                182.9     72.2      129.1     67.3




•   Accounts receivable: +1.3 p.p.;

•   Inventory and advances to suppliers: +4.3 p.p.;

•   Accounts payable: +0.6 p.p.;

•   Total: +4.9 p.p.
4.5%           GMT FIP
R$ million                 2Q11        Post-IPO
     Gross Debt            (121.4)       (8.9)                                        Free Float
                                                                37.1%
(-) Cash                    11.1         71.1                                 58.4%   Executivos e
                                                                                      Management
                                                                                      Funcionários
(=) (Debt)/Net Cash        (110.3)       62.2




 •      IPO on 07/01/2011 at Novo Mercado of BM&FBovespa (TECN3);
 •      R$172.7 million to the Company, net of comissions;
 •      All bank financing paid off after the IPO;
 •      Free float of R$466 million;
 •      ADTV of R$3.3 million or 0.7% of free float (excluding IPO).
The material that follows is a presentation of general background information about Technos S.A. and its subsidiaries (the “Company”), as of the date of the presentation, solely for
meetings held with potential investors in connection with the proposed offering outside of Brazil of common shares of the Company (the “Transaction”). This material does not constitute
offering material in whole or in part, and you must read the offering memorandum related to the Transaction before making an investment decision in respect of the common shares. You
can request the offering memorandum from Credit Suisse Securities (USA) LLC, Itau BBA USA Securities, Inc., and Goldman Sachs & Co. along with their agents (collectively the
“Agents”). The material contained herein is in summary form and does not purport to be complete. You should consult the offering memorandum for more complete information about the
Transaction and your investment decision should be exclusively based on the information contained in the offering memorandum.

This presentation does not constitute an offer or a solicitation or an offer to buy or sell any securities. The material is not targeted to the specific investment objectives, financial situation
or particular needs of any recipient and should not be treated as giving investment advice. No representation or warranty, either express or implied, is made as to the accuracy,
completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions or information
expressed in this material are subject to change without notice and neither the Company nor the Agents are under any obligation to update or keep current the information contained
herein. In addition, the Company has been informed that the Agents, their affiliates, agents, directors, partners and employees may make purchases and/or sales as principals or may act
as market makers or provide investment banking or other services to the Company. The Company, the Agents and their respective affiliates, agents, directors, partners and employees
accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. The common shares will be offered only in jurisdictions where and
to the extent permitted. This presentation is strictly confidential and may not be disclosed to any other person.

This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the
Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or
achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisage”, “estimate”, “intend”, “may”, “will”, “continue” or any other words or phrases of similar meaning.
Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as
the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of the Company that may cause the actual results of the companies
to be materially different from any future results expressed or implied in such forward-looking statements. Although the Company believes that the expectations and assumptions
reflected in the forward-looking statements are reasonable based on information currently available to the Company‟s management, the Company cannot guarantee future results or
events. Because of these uncertainties, investors shall not take any investment decision based on these estimates and forward looking statements. The Company and the Agents
expressly disclaim a duty to update any of the forward looking-statements.

Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act. The Company‟s common shares have not been
and will not be registered under the Securities Act, or under any state securities laws in the United States. Accordingly, the common shares will be offered in the United States only to
qualified institutional buyers (a “QIB”) as that term is defined under Rule 144A under the Securities Act, and outside the United States in accordance with Regulation S of the Securities Act.
By means of your attendance at this presentation, you will be deemed to represent to the Agents that you are a QIB.

This material is intended only to persons who are “qualified investors” (as defined in the Prospectus Directive) (i) who have professional experience in matters relating to investments
falling within Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) and/or (ii) who are high net worth companies (or
persons to whom it may otherwise be lawfully communicated) falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). This
document must not be acted on or relied on in the United Kingdom by persons who are not relevant persons. In the United Kingdom, any investment or investment activity to which this
document relates is only available to, and will be engaged in with, relevant persons.

You should consult your own legal, regulatory, tax, business, investment, financial and accounting advisers to the extent that you deem necessary, and you must make your own
investment, hedging of trading decision regarding the Transaction based upon your own judgment and advice from such advisers as you deem necessary and not upon any view expressed
in this material.

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Call 2Q11

  • 1.
  • 2. Net Revenue Net revenue advanced 35.6%, reaching R$72.3 million; Gross Profit Gross profit of R$47.0 million , representing a 37.0% increase and 65.0% gross margin; EBITDA Adjusted EBITDA reached R$22.9 million, representing a 31.1% increase and 31.7% margin; Net Income Adjusted net income reached R$17.1 million, a 32.7% growth; IPO Stock market listing on the Novo Mercado of BM&FBovespa under ticker symbol TECN3.
  • 3. 145.4 101.3 Gross revenue 88.0 64.1 • R$88.0 million, +37.3% in 2Q11; • R$145.4 million, +43.4% in1H11. 2Q10 2Q11 1H10 1H11 119.2 72.3 84.2 Net revenue 53.3 • R$72.3 million, +35.6% in 2Q11; • R$119.2 million, +41.5% in 1H11. 2Q10 2Q11 1H10 1H11
  • 4. 1.500 130 129 1.000 126 125 125 1.117 123 760 120 500 647 481 115 0 110 2Q10 2Q11 1H10 1H11 Volume („000) Average Price (R$) • Share increase of Fashion category - lower average prices; • Success of the high valued-added collections for Valentine‟s Day in 2Q11.
  • 5. 100% 3.0 100% 10.7 21.1 28.7 28.9 80% 18.8 80% 60% 60% Fashion Moda Department Stores and Magazines e Outros Others 40% Sports Esporte 40% Lojas Especializadas Specialized Stores 75.9 70.4 71.3 71.1 Classic Clássico 20% 20% 0% 0% 2T10 2Q10 2T11 2Q11 2T10 2Q10 2T11 2Q11 • Fashion category increased 7.7 p.p. in 2Q11: • Mariner brand launched in nov/2010; • Euro brand ramp-up; • All distribution channels posted strong growth during the period.
  • 6. 75.4 47.0 65.0% 53.0 34.3 63.3% 64.4% 62.9% 2Q10 2Q11 1H10 1H11 Gross Profit (R$ m) Gross Margin (%) • In line with revenue growth; • Success of the high valued-added collections for Valentine‟s Day.
  • 7. 22.9 36.0 17.5 24.9 30.2% 32.8% 29.5% 31.7% 2Q10 2Q11 1H10 1H11 Adjusted EBITDA (R$ m) Adjusted EBITDA Margin (%) • Increase in sales expenses: +53.7% in 2Q11 and +52.7% in 1H11; • Dilution of general and administrative expenses.
  • 8. 26.1 17.1 19.7 12.8 24.1% -0.5 pp 23.6% 23.4% 21.9% 2Q10 2Q11 1H10 1H11 Adjusted Net Income (R$ m) m) Lucro Líquido Ajustado (R$ Adjusted Net Margin (%) (%) Margem Líquida Ajustada • Sale of the Company‟s headquarters already excluded from adjusted net income.
  • 9. % Net % Net June/11 June/10 Revenue Revenue R$ m (+) Accounts Receivable 104.8 41.4 76.9 40.1 (+) Inventory and Advances to Suppliers 83.2 32.9 54.9 28.6 (-) Accounts Payable 5.2 2.0 2.8 1.4 (=) Working Capital 182.9 72.2 129.1 67.3 • Accounts receivable: +1.3 p.p.; • Inventory and advances to suppliers: +4.3 p.p.; • Accounts payable: +0.6 p.p.; • Total: +4.9 p.p.
  • 10. 4.5% GMT FIP R$ million 2Q11 Post-IPO Gross Debt (121.4) (8.9) Free Float 37.1% (-) Cash 11.1 71.1 58.4% Executivos e Management Funcionários (=) (Debt)/Net Cash (110.3) 62.2 • IPO on 07/01/2011 at Novo Mercado of BM&FBovespa (TECN3); • R$172.7 million to the Company, net of comissions; • All bank financing paid off after the IPO; • Free float of R$466 million; • ADTV of R$3.3 million or 0.7% of free float (excluding IPO).
  • 11. The material that follows is a presentation of general background information about Technos S.A. and its subsidiaries (the “Company”), as of the date of the presentation, solely for meetings held with potential investors in connection with the proposed offering outside of Brazil of common shares of the Company (the “Transaction”). This material does not constitute offering material in whole or in part, and you must read the offering memorandum related to the Transaction before making an investment decision in respect of the common shares. You can request the offering memorandum from Credit Suisse Securities (USA) LLC, Itau BBA USA Securities, Inc., and Goldman Sachs & Co. along with their agents (collectively the “Agents”). The material contained herein is in summary form and does not purport to be complete. You should consult the offering memorandum for more complete information about the Transaction and your investment decision should be exclusively based on the information contained in the offering memorandum. This presentation does not constitute an offer or a solicitation or an offer to buy or sell any securities. The material is not targeted to the specific investment objectives, financial situation or particular needs of any recipient and should not be treated as giving investment advice. No representation or warranty, either express or implied, is made as to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions or information expressed in this material are subject to change without notice and neither the Company nor the Agents are under any obligation to update or keep current the information contained herein. In addition, the Company has been informed that the Agents, their affiliates, agents, directors, partners and employees may make purchases and/or sales as principals or may act as market makers or provide investment banking or other services to the Company. The Company, the Agents and their respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. The common shares will be offered only in jurisdictions where and to the extent permitted. This presentation is strictly confidential and may not be disclosed to any other person. This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisage”, “estimate”, “intend”, “may”, “will”, “continue” or any other words or phrases of similar meaning. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of the Company that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements. Although the Company believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to the Company‟s management, the Company cannot guarantee future results or events. Because of these uncertainties, investors shall not take any investment decision based on these estimates and forward looking statements. The Company and the Agents expressly disclaim a duty to update any of the forward looking-statements. Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act. The Company‟s common shares have not been and will not be registered under the Securities Act, or under any state securities laws in the United States. Accordingly, the common shares will be offered in the United States only to qualified institutional buyers (a “QIB”) as that term is defined under Rule 144A under the Securities Act, and outside the United States in accordance with Regulation S of the Securities Act. By means of your attendance at this presentation, you will be deemed to represent to the Agents that you are a QIB. This material is intended only to persons who are “qualified investors” (as defined in the Prospectus Directive) (i) who have professional experience in matters relating to investments falling within Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) and/or (ii) who are high net worth companies (or persons to whom it may otherwise be lawfully communicated) falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). This document must not be acted on or relied on in the United Kingdom by persons who are not relevant persons. In the United Kingdom, any investment or investment activity to which this document relates is only available to, and will be engaged in with, relevant persons. You should consult your own legal, regulatory, tax, business, investment, financial and accounting advisers to the extent that you deem necessary, and you must make your own investment, hedging of trading decision regarding the Transaction based upon your own judgment and advice from such advisers as you deem necessary and not upon any view expressed in this material.