2. Disclaimer
This presentation relating to LLX Logística S.A. (“LLX”) 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 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 and licenses on a
timely basis or at all, 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.
LLX 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 LLX’s prior
written consent.
Investor Relations
Otávio Lazcano – CEO
Luiz Felipe Jansen de Mello – IR Manager
Tel. 55 21 2555-5661
ri@llx.com.br
3. EBX’s publicly held companies
LLX is part of the EBX Group, an industrial
Mkt Cap
conglomerate founded and led by Brazilian
US$ 1.4 bn entrepreneur Eike F. Batista, who has a proven
track record in developing new projects in the
infrastructure and natural resources sectors.
Mkt Cap Mkt Cap
US$ 30.6 bn US$ 2.1 bn
EBX Group’s investments are concentrated in the
Mkt Cap EBX Group
companies LLX (logistics), MMX (mining), MPX
US$ 41.8 bn* (energy), OGX (oil and gas) and OSX (offshore
industry), listed on the Novo Mercado of the
BM&FBOVESPA, the segment with the highest
standards of Corporate Governance.
Mkt Cap Mkt Cap
US$ 3.6 bn US$ 2.9 bn
January 31st, 2012 - R$/USD – 1,7468
*Includes PortX
4. Brazilian Port Sector
Typical Brazilian port: 80% of the population lives 200 km
strangled by the growth of the city from the coast
Rio Amazonas
Itaquí
Manaus Fortaleza
Suapé
Salvador
Vitória
Santos
Paranaguá
São Francisco do Sul
Rio Grande
The brazilian port facilities operate with current bottlenecks such as:
Land access restrictions
Small and low-skilled berths
Draft restrictions
Lack of automation in cargo handling
The private capital is essential to promote the development of brazilian port infrastructure
5. LLX
LLX was created in March 2007, to provide logistic services through the
development of major port systems in Brazil:
■ Strategic location and large back-areas;
■ Capability to receive large vessels;
■ Contiguous industrial area;
■ Integration with existing rail and road infrastructure;
■ Low cost operational model (private terminals);
■ Long term take-or-pay contracts and synergies generated within the EBX
Group;
■ Social and Environmental Responsibility
6. Timeline
2007 2008 2009 2010 2011
Mar/07 Jun/08 Mar/09 Jul/10 Jun/11
ANTAQ’s Authorization for
LLX is created TX1- Iron Ore Pier concluded
LLX shares begin trading Capital Increase – LLX Açu
on the BMF&BOVESPA BNDESPAR: R$ 600 Installation License for
Jun/07 Stock Exchange million
Sep/10 Onshore Terminal
ANP’s Authorization for OTF
Construction License for Oct/09 Installation License for
LLX Minas-Rio
OTF Jul/11
ANTAQ’s Authorization for Installation License for Ternium and LLX sign an
LLX Minas-Rio MPX’s Thermal agreement - steel facility TX2 – Construction Begins
PowerPlant in Açu Superport
Jul/07 Aug/11
Dec/09 Oct/10
Anglo American acquires MoU with FCA
Installation License for LLX’s Partial Spin Off/
49% of LLX Minas-Rio
Logistics Yard –LLX Açu
Portx is created Oct/11
Anglo obtains the
Construction Permit for Dec/10 Environmental License for
Minas-Rio system Ternium
Renegotiation of the Iron
Ore Contract - LLX Minas Oct-Dec/11
Rio/Anglo American
TX2 land lease contracts
signed: OSX, NKTF, Technip
and InterMoor
8. LLX: Strategic Location
Rio Amazonas
Itaquí Hinterland of 75%
Manaus Fortaleza of Brazilian GDP
Suapé
Salvador
Vitória
Rio de Janeiro
Santos
Paranaguá
São Francisco do Sul
Rio Grande
■ Integrated with rail, highway – leapfrog from truck to
coastal barging;
■ 150 km from Campos oil basin
(85% of Brazil oil production);
■ Natural workshop for the pre salt in Brazil: one stop
shop for the oil and gas industry;
■ Açu Superport : Brazil’s new route to China (Source: FT; Campos Oil Basin
May 9th, 2011).
9. Açu Superport
Authorization to move 1.2 mbpd
VLCC/Chinamax
Tankers
Storage & Treatment
Campos Basin
85% of Brazil Oil
Production
10. Açu Superport
Unique location and integration to main railway and highway network
■ BR 101 to be duplicated
■ A 43 km new railway track will connect Açu
Superport to the railway and Campos within
a multimodal Logistic Corridor
12. LLX: capability to receive VLCCs/Chinamax
Only 7% of Brazilian Ports are able to receive capesize vessels*
Source : (*) CEL/COPPEAD 2008 – vol 1 and Port Sites
13. LLX’s Business Model
LLX is signing long term agreements with industry leaders guaranteeing
a steady cash flow and dividends to shareholders
Company Services Rendered Revenue Model
Take or pay long-term
contract (25 years) with
Anglo.
LLX Minas Rio Iron Ore handling Initial ore shipment :
July 2013. Expected
revenues of US$ 190
million.
Multi product handling Tariffs negotiated to
(Steel,Coal,Liquid & Dry ensure a minimum 15%
Bulk,General Cargo) py IRR to firm in US$
LLX Açu Land Lease and (under long term
Services & Utilities contracts) unleveraged.
14. Açu Industrial Complex
A new cluster for the offshore and heavy industry
CEMENT METAL-MECHANIC INDUSTRIES X CITY
PLANTS
SILICON VALLEY
ENVIRONMENTAL
RESERVE AREA
40KM2
STEEL/SOLID
BULK LIQUID BULK
LOGISTICS YARD/ OTF
OFFSHORE
INDUSTRIES
COAL IRON ORE
SUPPLY BOAT
CRUDE OIL
15. Açu Superport
Highlights
Up to 350 million tons port complex with 2 terminals (TX1 and TX2), to be ranked among the
3 largest ports in the world.
17 km of quay, up to 40 berths and able to receive very large carriers (including Chinamax)
thanks to its 26 meters draft.
More than 60 contracts and MoUs signed with companies from sectors such as:
■ Steelmaking (Ternium, Wuhan); ■ Oil and Gas;
■ Power generation (MPX); ■ Metal Mechanic;
■ Cement (Votorantim , Camargo Correa); ■ Dry & Liquid Bulk Handling;
■ Offshore Industries (Technip, NKTF, ■ Automotive
InterMoor);
Resources and energy supply security, operating and logistic efficiencies, truly just in time practices
and 2% VAT instead of 18%.
Largest and most efficient port-industry complex in Latin America: total investments of US$ 40 billion
16. TX1
IRON ORE
TX1
One of the CRUDE OIL
largest offshore
terminal in Latin
America for Iron
Ore and Oil
17. TX1
Iron Ore Pier 100% completed
Threstle Completed : 3,000 m
Quay Length: up to 4,000 m
Number of Berths: 9
■ 5 dedicated to Oil (up to 1.2
mbpd)
■ 4 dedicated to Iron Ore (up to 100
mtpy)
Initial Dredging: 21 m to be
dredged up to 26 m for VLCCs and
Capesizes
18. Açu Superport
Oil Treatment Facility
FPSOs For 800,000
bpd
(+)
Desalting Blending Dewatering
Investment of
Oil Treatment US$ 1.45
Facility billion
Business opportunity with a
Oil Export VLCCs leveraged IRR > 70% py
19. 3.000 m
3.000 m
TX1:
Offshore Terminal
Tug boat Pier
and 100% of
Iron Ore Pier
Completed
24. STEEL/SOLID BULK
LIQUID BULK
OFFSHORE
INDUSTRIES
TX2
COAL
SUPPLY
13 Km of quay BOAT
and capacity for
more than 30
berths
25. TX2: Main characteristics
Total Quay Length : 13,000 m
Onshore Channel Width: 300
Total Area: 8,000,000 m2
Extension: 6,500 m
Unique advantages for Oil & Gas E&P
segment
Able to handle Coal, Steel Products,
Dry and Liquid Bulks
28. TX2: Canal Onshore
Dredging Evolution
August/2011 November/2011
■ Cyrus II began the process of dredging the channel and is progressing at a rate of 25 meters
per day, extracting a daily volume of 34,000 m of sand.
33. Açu Superport
Main Activities
Iron Ore Oil Real Estate Steel Products
Up to 100 Mtpy Up to 1.2 Mbpd Industrial Areas Rental Up to10.2 Mtpy
Coal Pig Iron Slag Granite
Up to 12.6 Mtpy Up to 2.0 Mtpy Up to 2.0 Mtpy Up to 1.0 Mtpy
34. Açu Superport
Milestones – Construction on Track
LLX Minas-Rio
1H06 2H06 1H07 2H07 2008 2009 2010 2011 1H12 2H12 1H013 2H013
Project Construction Construction Under Under Under Under Under Under
Start Up
detailing License begins Construction Construction Construction Construction Construction Construction
Environmental ANTAQ
License Authorization
Project Offshore Onshore
LLX Açu
detailing Construction Environmental
License License
Offshore ANTAQ Onshore Under
Construction Under Under
Environmental Authorization Construction Construction Start Up
begins Construction Construction
License License
Development
Construction
Operations
35. Açu Superport
Capex: R$ 3.8 bilion
LLX Açu Iron Ore Project
Total Capex (Project): R$ 2.8 billion Total Capex (Project): R$ 2.273 billion
Capex (2007 -2011) : R$ 973 million Capex (2007 -2011) : R$ 1.5 billion
Capex LLX Minas -Rio: R$ 974 million
Cash Position: R$ 530.6 million Capex AFMR: R$ 1.3 billion
Total Debt: R$ 888.1 million
Net Debt: R$ 357.5 million
36. Contracts Signed
Annual Revenues: R$ 70 million
NKTF MPX
■ Term: 20 years, renewable for a further 20 years ■ Term: 35 years, renewable for a further 35 years
■ Area: 121,905 m – with 210 m of quay ■ Area: 2,243,800 m
■ Revenue: R$ 8 million per year ■ Revenue: R$ 9.17 million per year
■ Start Date: October 20th, 2011 ■ Start Date: November 24th, 2010
Technip OSX
■ Term : 25 years, renewable for a further 25 years ■ Term: 40 years, renewable for a further 40 years
■ Area:289,800 m – with 500 m of quay ■ Area: 3,200,000 m
■ Revenue: R$ 22 million per year ■ Revenue: R$ 28 million per year
■ Start Date: November 18th, 2011 ■ Start Date: October 31st, 2011
InterMoor
■ Term: 20 years, renewable for a further 20 years
■ Area: 52,302 m - with 90 m of quay
■ Revenue: R$ 3.6 million per year
■ Start Date: December 2nd, 2011
37. LLX: Social & Environmental Responsibility
Professional Qualification Program Turtle Release - partnership with the Tamar Project Actions to strengthen the fishing activity
$ 70 million already invested in more than 50 social and environmental projects
Assistance programs to fishing activities, society and environment
Professional Qualification Program in partnership with Senai trained nearly 800 people and will provide
3,300 positions for professional development courses and technical support in 2012
40 km area dedicated to create an Environmental Reserve
Health and safety programs
The Acu Superport at full capacity will generate 50,000 jobs
