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Corporate Presentation 2010 02-03-10

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Page 1: Corporate presentation   march

Corporate Presentation

2010

02-03-10

Page 2: Corporate presentation   march

The material that follows is a presentation of general background information about MPX Energia S.A. and its subsidiaries(collectively, “MPX” or the “Company”) as of the date of the presentation. It is information in summary form and does not purportto be complete. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, theaccuracy, fairness, or completeness of this information.

This presentation may contain certain forward-looking statements and information relating to MPX that reflect the current viewsand/or expectations of the Company and its management with respect to its performance, business and future events. Forwardlooking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results,performance or achievements, and may contain words like “may”, “plan”, “believe”, “anticipate”, “expect”, “envisages”, “will likelyresult”, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties andassumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans,objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Company, any of itsaffiliates, directors, officers, agents or employees nor any of the placement agents shall be liable before any third party (includinginvestors) for any investment or business decision made or action taken in reliance on the information and statements containedin this presentation or for any consequential, special or similar damages.

This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities.Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever.Recipients of this presentation are not to construe the contents of this summary as legal, tax or investment advice and recipientsshould consult their own advisors in this regard.

The market and competitive position data, including market forecasts, used throughout this presentation were obtained frominternal surveys, market research, publicly available information and industry publications. Although we have no reason to believethat any of this information or these reports are inaccurate in any material respect, we have not independently verified thecompetitive position, market share, market size, market growth or other data provided by third parties or by industry or otherpublications. MPX, the placement agents and the underwriters do not make any representation as to the accuracy of suchinformation.

This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole orin part without MPX’s prior written consent.

2

Disclaimer

Page 3: Corporate presentation   march

MPX Integrated Systems

3

Sudeste System

Parnaíba System

Sul System

Colombia System

MPX Port

Colombian Mines

MPX Itaqui

Energia Pecém

MPX Pecém II

MPX Açu Phase I

MPX Açu Phase II

Açu Regas (LNG)

Seival MineMPX Sul

MPX Chile

Exploratory Blocks

MPX Parnaíba

Page 4: Corporate presentation   march

MPX Colombia System

110 MM tons in certified resources

521 ha for MPX Port at 150 Km from mines

3 plants with energy sold in regulated market

Guaranteed revenues of R$ 720 M for 15 years

2100 MW in Açu - Licensed

2100 MW in Chile – License foreseen for 1H10

4

2.0 Mty *

0.7 Mty *

3.5 Mty *

5.4 Mty **

Mty: Estimated demand of coal (MM tons/year)* 65% Dispatch** 90% Dispatch

Page 5: Corporate presentation   march

Mines and MPX Port

5

MPX Port

Papayal

Canaverales

San Benito

Underground mine

Highway: 150 Km

La Guajira

Venezuela

MPX Concessions Areas drilled Port

Caribbean Sea

Page 6: Corporate presentation   march

Mines MPX

6

Underground mine

Page 7: Corporate presentation   march

Mines MPX

7

3D Image - Mine

3D Image - Layers

Page 8: Corporate presentation   march

40 Boreholes

37 Positive

Papayal (Open-pit mine)

On January 14, 2010

Drilled Without Coal

Drilled With Coal

Legend

Drilling With Coal

Schedule Short Term

Drilling

Scheduled

Page 9: Corporate presentation   march

94 Boreholes

73 Positive

Cañaverales (Open-pit mine)

On January 14. 2010

Drilled Without Coal

Drilled With Coal

Legend

Drilling With Coal

Schedule Short Term

Drilling

Scheduled

Page 10: Corporate presentation   march

88 Boreholes

49 Positive

San Benito (Open-pit mine)

On January 14. 2010

Drilled Without Coal

Drilled With Coal

Legend

Drilling With Coal

Schedule Short Term

Drilling

Scheduled

Page 11: Corporate presentation   march

.

3 Boreholes

3 Positive

San Juan El Molino (Underground mines)

On January 14. 2010

Drilled Without Coal

Drilled With Coal

Legend

Drilling With Coal

Schedule Short Term

Drilling

Scheduled

Coal layers: up to 35

Cumulative thickness of

coal layers: up to 80 m

Length NS: 15.5 km

Length EW: 3.5 km

Depth of first coal layer:

between 385 and 450 m

Page 12: Corporate presentation   march

Land secured: 521 ha

Length of coastline: 2.8 Km

20-meter draft

Capacity to export up tp 20 Mty

150 Km from MPX mines

Capex: aprox U$ 200 million

MPX Port

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Bello Horizonte

MPX Port

MPX Mines

Page 13: Corporate presentation   march

Plants under construction in Brazil

13

Installed

Capacity

(MW)

Energy Sold

(avgMW)

PPA

Start

date

EPC

Progress**

Fixed

Revenues

(R$ MM)**

Commercial

Operation Date Financing

Energia

Pecém *720 615

Jan

201248% 479.9

Jul 2011 (360 MW)

Out 2011 (360 MW)BNDES/ BID

MPX

Pecém II360 276

Jan

201333% 227.8 Jun 2012 BNDES

MPX

Itaqui360 315

Jan

201251% 253.2 Out 2011 BNDES/ BNB

* Energia Pecém is a 50/50 between MPX Energia and EDP.

** In Dec/09

MPX Itaqui Energia Pecém MPX Pecém II

Page 14: Corporate presentation   march

Itaqui

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Page 18: Corporate presentation   march

Consulting and O&M Strategic Partnership

18

Consulting and O&M Strategic

Partnership with Evonik;

Clean coal tecnology;

Energy Research Center in

partnership with Coppe-UFRJ.

Page 19: Corporate presentation   march

Installation License for 2,100 MW

(imported coal TPP);

Proximity to Southeast load center;

Privileged logistics;

Synergies with Açu super port;

Energy Sale – Regulated and Free

Market.

MPX Açu TPP (2,100 MW)

19

Page 20: Corporate presentation   march

License (2,100 MW) foreseen 1H10;

Integrated project: TPP, Port and Desalting ;

Port concession granted;

Potential strategic partnership;

Capacity PPA with fuel pass through.

MPX Castilla TPP (2,100 MW – Chile)

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Page 21: Corporate presentation   march

MPX Sul SystemSeival Mine and MPX Sul TPP (600 MW)

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Location of Assets

Seival Mine

Partnership 70/30: MPX / Copelmi

Operating License granted

152 MM tons in proven reserves

459 MM tons in total resources

Additional studies will increase total reserves

MPX Sul (600 MW)

Energy may be sold in Regulated and Free Market

Coal demand: 4 Mty*

EPC contract secured

Ex-Projeto

Candiota III

CRM

CRM

CRM

CRM

UTE Pres. Médici

Vila CEEEPedreira

de Calcário

Cimbagé

UTE Seival

Projeto

Vila

Joáo

Emílio

Vila CEEESEIVAL

Aeródromo

Aeródromo

Ferrovia

BR-293

Dario Lassance

Barragem I

Barragem IIRio Jaguarão

Arroio

Candiota

CandiotaRio Grande do Sul

Mina de

Seiva

BRAZIL

* Assuming 80% dispatch rate

Seival Mine

MPX Sul

Page 22: Corporate presentation   march

MPX Parnaíba System

22

Exploratory Blocks

MPX Parnaíba

Exploratory Blocks

7 onshore blocks;

Seismic campaign underway

High potential for natural gas exploration;

Potential negotiation of gas surplus to

distributors;

Parnaíba TPP;

Licensing for 1,000 MW in process;

Combined and open cycle plants;

Energy Sale – Regulated and Free Market;

Strategic site acquired;

Proximity to 500 kV substation.

Page 23: Corporate presentation   march

Exploratory Blocks and MPX Parnaíba TPP

Exploratory Blocks

MPX Parnaíba

2010 2011 2012

1 5 1

Drilling Schedule

Tcf boe

Total contingent resources* 1.7 303 MM

Risked prospective resources* 0.2 37 MM

Site – SE

50 Km

Site – Rio

30 Km

* Certified by DeGolyer&MacNaughton

Ownership Structure

* Subject to ANP approval

Page 24: Corporate presentation   march

MPX Sudeste System

Licensing for a 3,300 MW gas-fired plant in process at Açu Super Port;

Regaseification terminal at Açu Super Port;

Synergies with OGX

NG integrated projects;

Development of projects in RJ, SP and ES;

Strategic site identification.

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Page 25: Corporate presentation   march

Social and Environmental Responsibility

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In July 2009, project LIFE (Lasting Initiative for the Earth) was launched, creating a pioneer certification for companies that are committed to developing actions to promote the preservation of the Earth’s natural heritage. MPX is amongst a series of supporting entities and is also part of the Board of the LIFE institute.

Ecological Corridor of Muriqui

Private Reserves

Page 26: Corporate presentation   march

By the end of 2010, MPX will have a 10,000 MW portfolio of licensed projects

26

Power Additional long-term PPAs (Regulated and Free Market)

Development of new natural gas projects (RJ, SP e ES)

Licensing

Installation License for MPX Sul TPP

Preliminary License for MPX Parnaíba and MPX Açu Phase 2 TPP

Environmental License for Castilla TPP, mines and port in Colombia

Renewables Wind energy portfolio (CE, RN e RJ)

1st MW of Solar Energy in Brazil

Natural Resources

10-year Business Plan for Colombia

2nd Coal Resource and Reserve report

2nd well in Parnaíba Basin

Financing Final approval and disbursement of long-term financing for MPX Pecém II