Institucional Presentation - May/15

May, 2015.

Localiza Rent a Car S.A.

1

1. Company overview

2. Main business divisions

Car Rental

Fleet Rental

Seminovos

3. Financials

Appendix: Earnings release 1Q15

Agenda

2

Company: milestones

Phase I – Rise to #1

1973 – Founded in Belo Horizonte/MG

Late 70’s - Acquisitions in the Northeast of Brazil

1981 – Brazilian car rental leader in # of branches

Phase II – Expansion

1984 – Expansion strategy by adjacencies: Franchising

1991 – Expansion strategy by adjacencies: Seminovos

1997 – PE firm DL&J enters at a market cap of US$ 150 mm

1997 – Expansion strategy by adjacencies: Fleet Rental

Phase III – Reaching Scale

2005 – IPO: market cap of US$ 295 mm

2011 – Rated as investment grade by Moody’s, Fitch and S&P in 2012

2012 – ADR level I

12/31/2014 – Market cap of about US$3.0 bi with ADTV of US$14.0 million

1973 1982 1983 2004 2005 2014

3

Company: integrated business platform

Synergies:bargaining powercost reductioncross selling

13,272 cars 172 locations in Brazil 68 locations in South America 38 employees

60.4% sold to final consumer 76 stores 1.009 employees

71,343 cars 4.5 million clients 309 locations 4,401 employees

33,500 cars 799 clients 390 employees

This integrated business platform gives Localiza flexibility and superior performance.Based on the 1Q15 4

Car Rental Fleet Rental

SeminovosFranchising

5

2014 Consolidated breakdownR$ million

Company’s profitability comes from Car Rental and Fleet Rental Divisions.

12%

35%

52%

35%

65%

Net RevenuesR$3,892

EBITDAR$970

52%

15%

33%

EBIT*R$726

R$2,018

R$1,302

R$572

R$120

R$507

R$343

R$253

R$473

*Seminovos results recorded in the Car Rental and Fleet Rental Divisions

6

High fixed cost Standard fleet 1 year cycle High entry barriers Gains of scale Intensive capital Consolidated in airport

market Fragmented off airport

market

Support area Reduces depreciation Know How of used cars

market Low dependence on

intermediates

Supplementary business

Important for distribution

High profitability Low contribution in

results

Company: Business platform divisions

Car Rental

Rents to individuals and companies at airports and off airport locations.

Franchising

Contributes to expand the Localiza’s network.

Fleet Rental

Outsources fleet for 2-3 years term contracts.

Used Car Sales

Sells the used cars mainly to final consumers after the rental and estimates the residual values.

Low fixed cost Customized fleet 3 years cycle Low entry barriers Intensive capital

7

Net car salerevenue R$26.21 year cycle

Car Rental Division - Financial CyclePer car

R$27.8Average car price

1 2 3 4 5 6 7 8 9 10 11 12Expenses, interest and tax

Revenue

Spread9.5p.p.

Total1 year

R$ % R$ % R$Net revenues 20.9 100.0% 29.0 100.0% 49.8Costs - fixed and variable (9.4) -44.9% (9.4)SG&A (3.4) -16.3% (2.8) -9.6% (6.2)Net revenues of car sold 26.2 90.4% 26.2Book value of car sold (24.8) -85.6% (24.8)EBITDA 8.1 38.7% 1.4 4.7% 9.5Cars Depreciation (1.3) -4.4% (1.3)Others depreciation (0.4) -1.7% (0.2) -0.6% (0.5)Financial expenses (1.7) -6.0% (1.7)Taxes (2.3) -11.1% 0.5 1.9% (1.8)Net Income (Loss) 5.4 25.9% (1.3) -4.4% 4.1

NOPAT 5.3ROIC (it considers the effect of the average book value of the car in its useful life) 17.5%Cost of debt after taxes 8.0%

Car Rental SeminovosPer car soldPer operating car

8

Net car salerevenue R$24.4

3 year cycle

Fleet Rental Division - Financial Cycle Per car

Spread9.5p.p.

1 2 3 4 5 6 31 32 33 34 35 36Expenses, interest and tax

Revenue

R$33.3Average car price

Total3 years

R$ % Seminovos % R$Net revenues 55.7 100.0% 26.9 100.0% 82.6Costs - fixed and variable (18.6) -33.4% (18.6)SG&A (3.7) -6.7% (2.5) -9.3% (6.2)Net revenues of car sold 24.4 90.7% 24.4Book value of car sold (21.2) -78.9% (21.2)EBITDA 33.4 60.0% 3.2 11.8% 36.6Cars Depreciation (12.6) -46.9% (12.6)Others depreciation (0.1) -0.2% (0.1) -0.2% (0.2)Financial expenses (4.4) -16.3% (4.4)Taxes (10.0) -17.9% 4.2 15.5% (5.8)Net Income (Loss) 23.3 41.8% (9.7) -36.1% 13.6

Net Income (Loss) - per year 7.8 41.8% (3.2) -36.1% 4.5

NOPAT 5.6ROIC (it considers the effect of the average book value of the car in its useful life) 17.5%Cost of debt after taxes 8.0%

Per operating carFleet Rental Seminovos

Per car sold

Raisingmoney Buying

cars

Renting Cars SellingCars

Cash to renew the fleet or pay debt

$

Profitability comes from rental divisions

Competitive advantages

$

9

41 years of experience in managing assets and generating value.

Competitive advantages: raising money

Global Scale

National Scale

Localiza raises money with better conditions when compared to competitors.

As of December, 2014.

BBB FitchBaa3 Moody’sBBB- S&P

BBB+ S&P B1 Moody´sB+ S&P BB- Fitch

brAAA S&P Aa1.br Moody’sAAA(bra) Fitch

brAA- S&PA+ (bra) Fitch

brA S&P A (bra) Fitch A+ (bra) Fitch A(bra) Fitch

Raisingmoney

Buyingcars Renting Cars Selling

Cars

10

Investment grade: lower spreads and longer tenors

Source: Bloomberg and companies website

11

Competitive advantages: buying cars

Localiza buys cars with better conditions due to the volume of purchases.

Number of cars purchased - 2014

* Includes Franchising

86,426

22,920 17,246 14,177

Localiza Unidas Movida Locamerica

*

Source: each company website and ANFAVEA

Localiza’s share in the internal sales of themajor OEMs - 2014

3.6%

Raisingmoney


Cars

1081578255

12

The Company is present in 243 cities where the other largest networks do not operate.

Competitive advantages: renting cars

Know HowBrand Brazilian distribution 2014

# of

bra

nche

s#

of c

ities

Source: Each company websiteAs of December, 2014

476 402

Raisingmoney


Cars

Localiza Unidas Hertz Movida Avis

348

105 78 60 42

Localiza Competitors

13

Sales to final consumer

Competitive advantages: selling cars

Selling directly to final consumer reduces depreciation.

Cars available for sale are used during peaks of demand.

Raisingmoney


Cars

Buffer: additional fleet

7.3%8.6%

6.3% 6.0%8.0% 8.7%

16.9% 17.1% 16.1% 16.5% 17.5% 16.8%

2010 2011 2012 2013 2014 1Q15*

14

ROIC versus cost of debt after taxes

9.6p.p. 8.5p.p. 9.5p.p.9.8p.p.

ROIC and spread remained at a healthy level.

ROIC Cost of debt after taxes

10.5p.p.8.1p.p.

*Annualized

Localiza Unidas Locamerica Ouro Verde JSL


Localiza vs. playersProfitability

Source: Companies’ Financial Statements.* Includes 19,208 cars from Movida - RAC 15

ROIC 2014

ROE 2014

Frota 125,224 40,296 30,291 25,326 49,429*

13.7%WACC

ReferenceROIC = NOPAT / (Average net debt + average equity)ROE = Net income / Equity at the beginning of the year

Consolidated

Consolidated

17.5%

8.1% 9.1% 8.5% 7.6%

30.6%

8.2%7.1%10.9%

7.1%

0.8x 1.0x 2.2x

8.5x

3.5x


1.4x 2.2x

3.3x 3.7x 4.2x


16

Net Debt / EBITDA - 2014

Net Debt / Equity - 2014

Source: Companies’ Financial Statements.

Localiza vs. playersDebt ratios

Consolidated

Consolidated

17

1. Company overview


Car Rental

Fleet Rental

Seminovos

3. Financials


Agenda

18

Car Rental overview

63.9%Compact cars

2014 Fleet composition77,573 cars

36.1%Others

Corporate fleet size

65,08670,717 77,573 71,343

2012 2013 2014 1Q15

Car rental distribution (Brazil)

474 479 476 481

2012 2013 2014 1Q15Fleet reduction after the end of summer holidays.

19

Drivers

Source: BCB and Localiza rates

151180 200

240260 300

350 380415

465510

545

622678

724

51%

38%37% 35%

31%27%

22% 20% 18% 16% 15% 15% 13% 13% 12%2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Monthly minimum salary (R$) Daily rental price over minimum salary (%)

Car rental affordability

Source: IPEADATA and Localiza’s loyalty program.

4 million

84 millionAdult population(age > 20 years)

Class A+B+C

15 millionAdult population(age > 20 years)

Class A+B

Increasing affordability and low penetration in leisure trips brings growth opportunities.

20

Drivers

# domestic air traffic passengersIn million

Investments per industry(In billions of Reais)

Source: Exame Magazine, December 2014.

7082 89 90 96

122

2010 2011 2012 2013 2014 2017E

Source: ANAC 2017 estimates: BOEING

The strong pipeline of investments tend to benefit the corporate segment. Air traffic growth supporting demand at the airports.

21Source: RAIS 2012 and each company’s websiteAs of December 31, 2014

Off-airport market is still fragmented.

Airport locations Off-airport locations

Car Rental Locations in Brazil

Others5,111

22

Market Share – Car Rental 2014

Fleet332,485 cars

Source: ABLA and Companies’ Financial Statements and estimates.

23.3%

2.4%

6.9%

5.8%2.1%

61.6%

Localiza’s market share is about 2x higher than the 2nd and 3rd players together.

MovidaUnidas

Franchising

25.7%

Others

Avis

23

1. Company overview


Car Rental

Fleet Rental

Seminovos

3. Financials


Agenda

24

Number of clients

Fleet Rental overview

35.0%Compact cars

2014 Fleet composition34,312 cars

65.0%Others

729760 798 799

2012 2013 2014 1Q15

End of period fleet

32,104 32,809 34,312 33,500

2012 2013 2014 1Q15

25Source: ABLA, Datamonitor and Localiza

Low penetration of rented fleet in Brazil.

Rented fleet penetration

Corporate fleet:4,000,000*

Rented fleet:440,737

34,312

Brazilian Market World

8.1% 8.9%13.3% 16.5%

24.5%

37.4%

46.9%

58.3%

Drivers

*Localiza estimates

Market Share – Fleet Rental 2014

26

Fleet440,737 cars

Source: ABLA, Companies’ Financial Statements and estimates

7.8%

0.4%

7.8%

6.9%

5.7%4.9%

3.6%

63.1%

Fragmented market with low entry barriers.

8.1%Franchising

Locamerica

JSL

Ouro VerdeUnidas

Others

ALD

27

1. Company overview


Car Rental

Fleet Rental

Seminovos

3. Financials


Agenda

28Efficiency gain on car sales

# of points of sale

Car sales – operating data

5566 73 74 75 76

2010 2011 2012 2013 2014 1Q15

47,285 50,77256,664

62,64170,621

17,449

2010 2011 2012 2013 2014 1Q15

# Number of cars sold (quantity)

29Source: O Estado de São Paulo newspaper, as of 08/16/13 (based on researches of Sindipeças) and Globo website, as of 03/10/2014.

Used car sales drivers: affordability and penetration

# of inhabitants per car 2012 – (Brazil 2014)

4.2

4.0

4.0

3.6

2.1

2.0

1.9

1.8

1.2

Argentina

Brazil

Russia

South Korea

Japan

France

Germany

United Kingdon

USA

Affordability to buy cars – Public Price of the most basic Gol

300 350 380 415

465 510

545 622 678

724

84 71 69

61 55 51

49 43 43 43

‐ 10 20 30 40 50 60 70 80 90

‐ 100 200 300 400 500 600 700 800 900

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Minimum wage (R$)

Minimum wages to buy a new car

8.4 8.9 9.0 9.4 10.1

3.3 3.5 3.6 3.6 3.3

30

2.5x 2.5x

2010 2011 2012 2013 2014

2.6x

Brazilian car market: new x used car market and affordability

New cars

Used cars

Source: FENABRAVE (light and commercial cars)

2.6x

Total market of 13.4 million cars.

3.1x

31

2013 Up to 2 years409,121

2014 Brand new3,328,716

2014 Used cars10,051,296

0.7% 1.8% 13.9%

Car sales – operating data

Source: Anfavea and Fenabrave

Examples • Retailers• “Loja do carro”

• Dealers• Fiat, VW, Ford,

GM most successful

• Auto Brasil

• Rental operators• Locamerica, Hertz

• “Auto malls” and “Cidade do automóvel”

Points of sale • 45,600 (Fenauto) • 3,714 (Anfavea)• +57 (Unidas, Movida,

Locamerica and others).

• 71 (Fenauto)

Main players

32

1. Company overview


Car Rental

Fleet Rental

Seminovos

3. Financials


Agenda

802.2980.7 1,093.7 1,163.5 1,284.4

311.3 310.1

2010 2011 2012 2013 2014 1Q14 1Q15

33

Net Revenues (R$ million)

# Daily Rentals (thousands)

Car Rental Division

The low levels of economic activity and consumer sentiment impacted the Car Rental volume.

10,734 12,794 13,749 14,242 15,416

3,773 3,812

2010 2011 2012 2013 2014 1Q14 1Q15

234 247 272 286 304 309

181 202 202 193 172 17261 47 50 63 64 68

2010 2011 2012 2013 2014 1Q15

Car Rental network evolution

5 new owned rental locations were added to the network in 1Q15.

# of car rental locations (Brazil and abroad)

Localiza´s branches - Brazil Franchisees´ branches - Brazil Franchisses´ branches - abroad

476 496 524 542 540

+5

549

+4

35

Utilization rate evolution – Car Rental Division

The lower utilization rate results from the anticipation of purchases in 4Q14 due to reinstatement of the IPI tax and a lower than expected demand.

69.1%

68.9%

70.8%

66.8%

69.9%

66.3%

2010 2011 2012 2013 2014 1Q15

361.1 455.0

535.7 575.9 571.9

143.2 148.9

2010 2011 2012 2013 2014 1Q14 1Q15

8,0449,603 10,601 10,844 10,363

2,623 2,746

2010 2011 2012 2013 2014 1Q14 1Q15

36

Net Revenues (R$ million)

# Daily Rentals (thousands)

Fleet Rental Division

The exploitation of market opportunities contributed to growth resumption in the Fleet Rental.

1,910.4 1,776.5 1,618.8 2,026.2

2,483.2

317.1 349.0

1,321.9 1,468.1 1,520.0 1,747.3

2,018.2

485.8 543.9

2010 2011 2012 2013 2014 1Q14 1Q15Purchases (includes accessories) Used car sales net revenues

Cars purchased Cars sold

37

Net investmentFleet Expansion* (quantity)

The 12.0% net revenue growth was due to an increase in the average price of cars sold which reflected the increase in the new car prices.

Net Investment in Fleet (R$ million)

65,934 59,950 58,655 69,744

79,804

10,880 10,640

47,285 50,772 56,644 62,641 70,621

17,449 17,449

2010 2011 2012 2013 2014 1Q14 1Q15

9,178 2,0117,10318,649

(6.569)

308.4 98.8588.5 278.9

* It does not include theft / crashed cars.

(168.7)

(6.809)

(194.9)

9,183

465.0

38

End of period fleetQuantity

After the end of summer vacations, the corporate fleet of the Car Rental Division was reduced by 6,230 cars.

61,445 64,688 65,086 70,717 77,573 64,642 71,343

26,615 31,629 32,104 32,809 34,31232,009 33,50010,652

12,958 14,545 14,233 13,33913,275

13,272

2010 2011 2012 2013 2014 1Q14 1Q15

98,712 109,275 111,735 117,759125,224

Car Rental Fleet Rental Franchising

109,926 118,115

1,175.3 1,450.0 1,646.7 1,758.9 1,874.0 459.3 463.1

1,321.9 1,468.1 1,520.0 1,747.3 2,018.2

485.8 543.9

2010 2011 2012 2013 2014 1Q14 1Q15

Consolidated net revenuesR$ million

Net revenues grew 6.5% in 1Q15 when compared with 1Q14.

Rental Used car sales

2,918.13,506.2

3,892.2

2,497.23,166.7

945.1 1,007.0

40

Consolidated EBITDA R$ million

Strategic consultancy expenses and an increase in doubtful accounts’ provisions impacted the EBITDA in 1Q15.

649.5821.3 875.6 916.5 969.8

249.1 245.0

2010 2011 2012 2013 2014 1Q14 1Q15

(*)From 2012 on, accessories and freight of new cars have been accounted directly in the cost line, impacting EBITDAbut reducing depreciation costs.

Divisions 2010* 2011* 2012 2013 2014 1Q14 1Q15

Car Rental 45.3% 46.9% 40.9% 36.8% 38.7% 40.2% 34.4%

Fleet Rental 68.0% 68.6% 66.4% 65.5% 60.0% 62.0% 59.3%

Rental Consolidated 52.3% 53.8% 49.3% 46.5% 45.3% 47.2% 42.5%

Used Car Sales 2.6% 2.8% 4.2% 5.7% 6.0% 6.6% 8.8%

166.7 207.7 197.9 259.8 253.463.1 64.5

315.4 388.0

267.9 392.3 473.3

121.8 121.8

2010 2011 2012 2013 2014 1T14 1T15

Fleet Rental Car Rental

41

Consolidated EBITR$ million

Divisions 2010 2011 2012* 2013 2014 1T14 1T15

Car Rental 38.5% 38.8% 23.7% 32.8% 36.2% 38.2% 38.7%

Fleet Rental 46.2% 45.6% 36.9% 45.1% 44.3% 44.1% 43.3%

Consolidated 41.0% 41.1% 28.3% 37.1% 38.8% 40.3% 40.2%

482.1595.7 610.3 652.1 726.7

184.9 186.3

144.5

* 2012 EBIT was affect ed by the additional depreciation of R$144.5 million, related to IPI reduction.

Lower depreciation offsetting lower EBITDA margin. Stable EBIT margin compared with last year.

EBIT margin calculated over rental revenues(seminovos results recorded in the Car Rental and Fleet Rental Divisions):

*

**IPI Effect

3,509.7 4,133.0

4,311.3

4,592.3 4,202.1 4,642.0 1,096.9**

2010 2011 2012 2013 2014 1Q15*

1,536.0 1,683.9

1,895.8 1,452.4 1,270.0 778.4

2,076.6**

2010 2011 2012 2013 2014 1Q15*

42

Average depreciation per carin R$

3,972.4

5,408.2

Car Rental

Fleet Rental

*Annualized

*Annualized

The reflex of the increase in new car prices on the prices of the used cars contributed to a lower depreciation in the Car Rental Division.

250.5 291.6

240.9

384.3 410.6

105.8 100.3

2010 2011 2012 2013 2014 1Q14 1Q15

43

Consolidated net incomeR$ million

* Pro forma 2012 net income excluding additional depreciation related to the IPI tax reduction, net of income tax.

336.3 *

Increase in financial expenses negatively impacted the net income by roughly R$10.0 million.

44

Free cash flow - FCF (*) Without the technical discount up to 2010

Free cash flow - R$ million 2010 2011 2012 2013 2014 1Q15O

pera

tions

EBITDA 649.5 821.3 875.6 916.5 969.8 245.0

Used car sale revenue, net from taxes (1,321.9) (1,468.1) (1,520.0) (1,747.3) (2,018.2) (543.9)

Depreciated cost of cars sold (*) 1,203.2 1,328.6 1,360.2 1,543.8 1,777.0 463.1

(-) Income tax and social contribution (57.8) (83.0) (100.9) (108.5) (113.1) (29.9)

Change in working capital 54.5 (83.9) 37.1 2.9 (27.1) (29.9)

Cash provided by rental operations 527.5 514.9 652.0 607.4 588.4 104.4

Cap

ex -

Ren

ewal

s

Used car sale revenue, net from taxes 1,321.9 1,468.1 1,520.0 1,747.3 2,018.2 331.7

Fleet renewal investment (1,370.1) (1,504.5) (1,563.3) (1,819.7) (2,197.7) (349.0)

Net investment for fleet renewal (48.2) (36.4) (43.3) (72.4) (179.5) (17.3)

Fleet renewal – quantity 47,285 50,772 56,644 62,641 70,621 10,640

Investment, other property and intangibles investments (50.6) (59.9) (77.8) (47.5) (46.3) (6.1)

Free cash flow before growth, new headquarters (HQ) and interest 428.7 418.6 530.9 487.5 362.6 81.0

Cap

ex -

Gro

wth Fleet growth investment (540.3) (272.0) (55.5) (209.4) (286.8) -

Cash generated by fleet reduction - - - - - 212.2

Change in accounts payable to car suppliers 111.3 32.7 (116.9) 89.7 334.4 (266.3)

Fleet growth (429.0) (239.3) (172.4) (119.7) 47.6 (54.1)Fleet increase / (reduction) – quantity 18,649 9,178 2,011 7,103 9,183 (6,809)

Free cash flow after growth, and before interest and new HQ (0.3) 179.3 358.5 367.8 410.2 26.9

Cap

ex–

HQ

Investment in the construction of the new HQ (0.5) (3.1) (2.4) (6.5) (55.7) (24.6)

Marketable securities – new HQ - - - - (92.6) -

New headquarters construction (0.5) (3.1) (2.4) (6.5) (148.3) (24.6)

Free cash flow before interest (0.8) 176.2 356.1 361.3 261.9 2.3

45

- 1,385.0

(48.0)Financial Expenses

Net debt03/31/2015

FCF Beforenew

headquarterscapex26.9

-1,322.3

Net debt12/31/2014

(17.0)Dividends(24.6)

New headquarters

Changes in net debt R$ million

The balance payable to automakers was reduced by R$266.3 million, due to the fleet reduction after summer vacation peak of demand, impacting free cash flow in 1Q15.

1,281.1 1,363.4 1,231.2 1,332.8 1,322.3 1,385.0

2,446.7 2,681.7 2,547.6 2,797.9

3,296.3 3,129.0

2010 2011 2012 2013 2014 1Q15

46

Debt - ratiosNet debt vs. Fleet value

BALANCE AT THE END OF PERIOD 2010(*) 2011 2012 2013 2014 1Q15

Net debt / Fleet value 52% 51% 48% 48% 40% 44%

Net debt / EBITDA** 2.0x 1.7x 1.4x 1.5x 1.4x 1.4x

Net debt / Equity 1.4x 1.2x 0.9x 1.0x 0.8x 0.8xEBITDA / Net financial expenses 5.0x 4.6x 6.3x 8.3x 6.4x 5.1x

(*) 2010 ratios based on USGAAP financial statements**Annualized

Net debt Fleet value

Comfortable debt ratios.

227.9

600.7 518.3 221.0

544.5 445.0 147.5

2015 2016 2017 2018 2019 2020 2021

47

Debt maturity profile (principal)R$ million

The new issuance and prepayment in 2Q15, aim at increasing the Company’s debt duration.

Cash1,373.2

1,346.9As of March 31, 2015

After the initiatives to improve debt maturity profile

203.9 302.7 397.3221.0

594.5 595.0447.5

1,429.2

2015 2016 2017 2018 2019 2020 2021

Cash

903.9

48

Localiza Level I ADR

Ticker Symbol: LZRFY CUSIP: 53956W300ISIN: US53956W3007Ratio: 1 Common Share : 1 ADRExchange: OTCDepositary bank: Deutsche Bank Trust Company AmericasADR broker helpline: +1 212 250 9100 (New York)

+44 207 547 6500 (London) E-mail: [email protected] website: www.adr.db.comDepositary bank’s local custodian: Banco Bradesco S/A, Brazil

49

Disclaimer

Website: www.localiza.com/ir E-mail: [email protected] Phone: 55 31 3247-7024

Roberto MendesCFO and IR

Nora LanariHead of IR

Eugênio MattarCEO

The material presented is a presentation of general background information about LOCALIZA as of the date of the presentation. It is information in summaryform and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representation or warranty, express orimplied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein.

This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of theSecurities Exchange Act of 1934. Such forward-looking statements are only projections and are not guarantees of future performance. Investors are cautionedthat 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 andbusiness environments of LOCALIZA and its subsidiaries that may cause the actual results of the companies to be materially different from any future resultsexpressed or implied in such forward-looking statements.

Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on informationcurrently available to LOCALIZA’s management, LOCALIZA cannot guarantee future results or events. LOCALIZA expressly disclaims a duty to update any ofthe forward-looking statement.

Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of 1933.

This presentation does not constitute an offer, invitation or solicitation of an offer to subscribe to or purchase any securities. Neither this presentation nor anythingcontained herein shall form the basis of any contract or commitment whatsoever.

Maria Carolina CostaIR Manager

Mariana CampolinaIR Manager

Institucional Presentation - May/15

Economy & Finance

Transcript of Institucional Presentation - May/15