Mmx webcast ingles 3 t13 v1

Post on 05-Dec-2014

784 views 1 download

description

 

Transcript of Mmx webcast ingles 3 t13 v1

3Q13 RESULTS

December | 2013

DISCLAIMER

2

This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) 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 “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 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 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 part without MMX’s prior written consent.

3Q13 HIGHLIGHTS 1.

4

MAIN FIGURES

3Q13 QxQ YxY

Production 1.4 million tons -20% -33%

Sales 2,1 million tons 23% 13%

Net Revenues R$ 339 million 20% 40%

Net Profit R$ -1,207.2 million 173% 1100%

Adjusted Ebitda R$ -69.8 million - -

3Q13 highlights and subsequent events:

Signing of the agreements with Trafigura and Mubadala for their 65% holding in the capital stock of MMX Porto Sudeste Ltda;

Signing of the agreement for the sale of the totality of shares of the Chile Unit with Inversiones Cooper Mining S.A;

Review of figures and strategy for Corumbá Unit;

Approval of the business plan’s revision by the board of directors;

5

FINANCIAL HIGHLIGHTS

245 284 339

0

100

200

300

400

3Q12 2Q13 3Q13

Net Revenue (R$ million)

148 186

231

0

50

100

150

200

250

3Q12 2Q13 3Q13

Gross Profit (R$ million)

47 41

-70

19,2% 14,6%

-20,6% -32%

-16%

0%

16%

32%

-100

-50

0

50

100

3Q12 2Q13 3Q13

Adjusted EBITDA (R$ million)

Adjusted EBITDA EBITDA Margin

6

CONSOLIDATED DEBT

30% 26%

44%

70% 74%

56%

0%

20%

40%

60%

80%

100%

3Q12 2Q13 3Q13

Debt profile

Short Term Long Term

2.336

2.641

2.694

3Q12 2Q13 3Q13

Net Debt (R$ Million)

PROJECT’S PHOTOS 2.

SUDESTE SUPERPORT

Road and Railway Access 8

SUDESTE SUPERPORT

Road and Railway Access 9

SUDESTE SUPERPORT

Stockyard Elevation 06 10

SUDESTE SUPERPORT

Car Dumpers 11

SUDESTE SUPERPORT

Car Dumpers 12

SUDESTE SUPERPORT

Stockyard Elevation 32 13

SUDESTE SUPERPORT

Stockyard Elevation 32 14

SUDESTE SUPERPORT

Tunnel 15

SUDESTE SUPERPORT

Tunnel Exit 16

SUDESTE SUPERPORT

Substation Structure 17

SUDESTE SUPERPORT

Pier and Ship Loaders 18

SUDESTE SUPERPORT

Transfer House 19

www.mmx.com.br