PUBLIC MEETING APIMEC - RS

December - 2011

COMPANY’S OVERVIEW

OPERATION MARKETS AND STRATEGIES

CONSOLIDATED INCOME

CAPITAL MARKET

PERSPECTIVES

1980 – Beretta1982 – IPO1983 – Internationalization: Taurus International1985 – Taurus Ferramentas1986 – Induma1988 – Taurus Holdings

1939 – Forjas Taurus

1970 – Control to foreign investors1977 – Forjas Taurus by Polimetal

1991 – Champion’s assets1997 – Rossi – Revólver (use of the brand, technology, assets and productive processes)1999 – Pollymer and titanium guns

2000 – Taurus Capacetes2004 – Famastil 2004 – Máquinas-Ferramenta2006 – Taurus Helmets 2006 – “The Judge”2008 – Taurus Inv. Imobiliários 2008 – Rossi – Long guns2008 – Metus2010 – Taurus Blindagens Nordeste2011 – Admission to BM&FBOVESPA Level 2/ Segregation of business industries into guns and metallurgy and plastics

BUSINESS HIGHLIGHTS

► Leader in the Brazilian helmets market.► It corresponds to 20% of the Group’s turnover.

► Businesses composed by the following industries: forging, boilerworks, ballistic vest, riot shield and plastic products.

► It corresponds to 8% of the Group’s turnover.

PROFILE

► Leader in the local market (90% share) and a strong competitor in the foreing market (19% share in the United States).

► It corresponds to 72% of the Group’s turnover.

► About 4,900 employees, divided into eight units in Brazil and one unit in the United States.

► Solid operation focus in foreing market.► Large innovation capacity and value capture through the strategy of permanent

launches of new products.► Flexibility for the production and manufacture of tailor-made solutions.

Capital Stock: R$ 201.000.000,00

Number of SharesON (Common shares): 42.744.720

PN (Preferred shares): 85.489.440

X.X% = Current percentage on Total Capital * It includes the interest of LFCE

31,4% 23,8% 19,6% 23,2%2,0%

100% 100%

35% 53,97% 99,86%100%

99,99% 99,99%

46,03%27,75%72,25%

100%

Polimetal Participações S.A.

Polimetal Participações S.A.

FORJAS TAURUS S.A.

Polimetal *94,1%

Common Shares Preferred Shares

Others5,9%

Geração Futuro35,7%

PREVI29,4%

Others34,9%

Taurus InternationalManufacturing, Inc.

Taurus Holdings, Inc.

Taurus Máquinas-

Ferramenta Ltda.

Taurus Blindagens Ltda.

Taurus Properties, Inc.

Famastil TaurusFerramentas

S.A.

Taurus Helmets Ind.

Plástica Ltda.

Taurus BlindagensNordeste Ltda.

Taurus Invest.Imobiliários Ltda.

BraztechInternational,

L.C.

Invespar72%

Invespar72%

LFCE28%LFCE28%

Capital Stock: R$ 257.797.469,79

Number of shares:ON (Common shares): 47.137.539

PN (Preferred shares): 94.275.078

X.X% = Current percentage on Total Capital

(*) Assets available for sale

FORJAS TAURUS S.A.

FORJAS TAURUS S.A.

Taurus Holdings, Inc.

Taurus Holdings, Inc.

Taurus Invest.Imobiliários Ltda.

Taurus Invest.Imobiliários Ltda.

Taurus International

Manufacturing,Inc

Taurus International

Manufacturing,IncTaurus

Properties, Inc.Taurus

Properties, Inc.

BraztechInternational

, L.C.

BraztechInternational

, L.C.

GUNSGUNSPOLIMETAL

(Metallurgy and Plastics)

POLIMETAL(Metallurgy and

Plastics)

Steelinject Injeção de Aços Ltda.

Steelinject Injeção de Aços Ltda.

Taurus Máquinas -Ferramenta

Ltda. (*)

Taurus Máquinas -Ferramenta

Ltda. (*)

Famastil Taurus

Ferramentas S.A.

Famastil Taurus

Ferramentas S.A.

Taurus Blindagens

Ltda.

Taurus Blindagens

Ltda.

24,40%14,63%

Invespar/LFCE

ON 43,80% PN 0,05%

Invespar/LFCE

ON 43,80% PN 0,05%

Previ ON 14,38% PN 29,41%

Previ ON 14,38% PN 29,41%

Geração Futuro

ON 12,19% PN 24,94%

Geração Futuro

ON 12,19% PN 24,94%

Free Float ON 23,63% PN 35,40%

Free Float ON 23,63% PN 35,40%

Treasury ON 6,00% PN 10,20%

Treasury ON 6,00% PN 10,20%

20,69% 31,48% 8,80%

Taurus Helmets

Ind. Plast.Ltda.

Taurus Helmets

Ind. Plast.Ltda.

Taurus BlindagensNordeste

Ltda.

Taurus BlindagensNordeste

Ltda.

THEME BEFORE THE RESTRUCTURATION

AFTER THE RESTRUCTURATION

PNS RIGHTS

PN shares with priority:

In capital reimbursement, with no award, in case of settlement;

In the receipt of the dividend that shall be distributed. It shall be, at least, 6% on own capital for this type of shares.

Preferred shares with:

Priority in capital reimbursement, with no award, in case of taurus settlement;

Profit share distributed in equal terms with nos; Tag along of 100%; Voting right at the general meeting in relevant

issues.

MINIMUM DIVIDEND Mandatory dividend of 25%. Mandatory dividend of 35%, paid on a half-yearly

basis.

TAG-ALONG Tag along of 80% to the minority

shareholders who hold common shares.

Tag along of 100% to all minority shareholders.

BOARD OF DIRECTORS

Non-controlling shareholders have the right to elect a representative in the board of directors, in compliance with the Section 141 of Brazilian Companies Act.;

No expectation of independent director.

Non-controlling shareholders elect at least two representatives in the board of directors;

Two major non-controlling shareholders, who hold preferred shares, appoint a member from the board of directors, one of them in agreement with the controlling shareholder;

40% of the independent members from the board of directors.

COMMITEES Inexistent. Creation of risks and audit committees, compensation

and personnel development, and corporate governance and management.

BM&F BOVESPA LEVEL 2

No operation in any stock exchange level.

Adhesion to BM&FBOVESPA Level 2; By-laws with material governance provision, such as

the adoption of the arbitration chamber for the market.

CEO CEO

Board of DirectorsBoard of Directors

Controllership Executive

Board

Controllership Executive

Board

TIMICEOTIMICEO

FinancesExecutive

Board

FinancesExecutive

Board

Personnel Management

Manager

Personnel Management

Manager

Guns and Forged productsIndustrial

Executive Board

Guns and Forged productsIndustrial

Executive Board

Guns and Forged productsBusiness

Executive Board

Guns and Forged productsBusiness

Executive Board

Helmets and Bullet-proof vests

General Manager

Helmets and Bullet-proof vests

General Manager

CSC Senior Vice-President

CSC Senior Vice-President Senior Vice-PresidentSenior Vice-President

Tax BoardTax Board

Committees- Audit and Risks- Compensation and Personnel Development- Management and Corporate Governance

Committees- Audit and Risks- Compensation and Personnel Development- Management and Corporate Governance

ShareholdersShareholders

Investor RelationsOfficer

Investor RelationsOfficer

AuditAudit

MchinesIndustrial Manager

MchinesIndustrial Manager

► Products: revolvers, pistols, carbines, air

guns, long guns and police weapons.

► Major local “competitor”: Imbel (focused on

heavy guns).

► Competitors abroad: Glock, S&W and Ruger.

► Local market relatively protected due to

legal and economic restraints to the

entrance of competitors.

► Large innovation capacity: use of polymer

and titanium for the manufacture of guns.

► Continuous investments in automation, in

order to reduce production costs.

OPERATION

► Focus on high-profitability and guns basead

on new technologies.

► Development of models that have low

development cost and add a significant

margin.

► Non-lethal weapons to be used in great

events, such as the World Cup and the

Olympic Games.

► Entrance to new international markets

through the development of tailor-made

products.

STRATEGY

► According to UN organizations (police manpower per

inhabitants), the ideal manpower would be 1 (one)

policeman for each 250 thousand inhabitants.

► The constant and increasing problem with security in

Brazil intensifies the expectations that the police

manpower shall be significantly increased over the

next few years.

► The improvement in working consditions and the

reinforcement of the effective manpower also

suggest a good scenario for the coming years. The

Military Police of all the States, for instande, have

been purchasing pistols to replace old .38.

► Taking into account the leadership and the

recognition of Taurus brand in the market, this event

can significantly increase the Company’s sales.

CUSTOMER MIX IN BRAZIL

POLICES AND OTHER PUBLIC SAFETY ENTITIES

STORES

SUVEILLANCE COMPANY

OTHERS

64,4%

19%

13%

3,6%

► UNITED STATES: Interests in pistol and

revolvers industries (US$ 1.21 billion market)

and in long industry (US$ 1.35 billion market).

► OTHER COUNTRIES: Germany, Algeria,

Indonesia, Singapore and others.

► The Company’s large INNOVATION

CAPACITY enables the development of

specific value-added products for different

customers.

► Attendance in the word’s MAJOR FAIRS IN

THE INDUSTRY, such as Shot Show (USA)

and IWA Show (Germany), presenting its new

product concepts to the market.

Quality Guarantee System - ISO 9001:2008 Certificate

Handgun of the Year

► Pioneer in manufacturing helmets in Brazil, currently trading 2.4 million

helmets/year, in a potential market of about 4.8 million helmets/year.

► Leader in domestic motorcycle helmets with market share of 50%. It has a

widely scattered market operation, selling to miscellaneous customers

(stores) throughout the country.

► It has four major competitors: Starplast, EBF Vaz, Tork and EBF.

► In this industry, the company’s growth is closely related to the growth rate of

the Brazilian motorcycle fleet which, on the other hand, depends on GDP and

credit growth rates. The projection is that 2011 will end with a growth rate of

14% for 2010.

► In line with other company’s products, Taurus operates in riot shields, tactical

vests and bullet-proof vests markets, basically supplying products to

governmental security autarchies and private security companies. Therefore,

it has the same growth drivers as the guns industry.

► Forged products are na optimization of the company’s production capacity, since the technology used for these products is similar to the one used for the guns forging, that is, the company develops a scale by producing such parts.

► The products are manufactured in ferrous and non-ferrous metals. They are mostly destined to the oil, gas, automotive industry and agricultural markets.

► The growth of this industry is closely related to the relevance of economy development, especially the increase rates for the acquisition of gross capital.

► Acquisition of the company Steelinject Injeção de Aços Ltda.: focus on the increasing use of weapon parts, manufactured through the M.I.M. process and entrance to third parties’ market,

FORGING AND E M.I.M.

► 35% share in the company Famastil Taurus

Ferramentas S.A.

► Sales increase is closely related to the

growth of civil construction in Brazil.

► Large market growth perspective in eletric

tools line.

TOOLS AND ACCESSORIES

9M109M11

41%46%

59%54%

439,5443,7

3Q10 3Q11

49%

51%

152,1

53%

47%

140,0

1H101H11

287,3303,7

63% 57%

37% 43%

Foreing Market

Domestic Market

BY MARKET

EXPORTS – IN MILLION US$

2009

212,7

2010

185,7

1H09

109,2

1H10

99,3

1H11

107,0

9M09

103,5

9M10

142,8

9M11

147,9

BY PRODUCT (9M11)

Others 8,2% R$ 36,5

Guns 72,2%R$ 320,4

Total: net revenue R$ 443,7

Helmets 19,6%R$ 86,8

BY GEOGRAPHY (9M11)

45%United States

Others 9%

Brazil 46%

GROSS MARGIN PER INDUSTRY

44,9%

Guns

43,0%

Helmets

4,4%

Others

GROSS PROFIT AND TOTAL GROSS MARGIN

287,5 289,3

44%37%

2009 2010

132,1 121,3

46% 40%

1H10 1H11

202,9 187,6

46% 42%

9M10 9M11

NET INCOMEEBITDA AND EBITDA MARGIN

133,7137,1

20% 20%

2009 2010

69,359,6

24%20%

1H101H11

107,593,7

24%21%

9M10 9M11

52,0

70,3

2009 2010

34,0

6,9

1H10 1H11

52,9

23,4

9M10 9M11

+35,2%

ANNUAL 9M

NET REVENUE GROSS INCOME GROSS MARGININCOME BEFORE

TAXATION9M10 9M11 Var. 9M10 9M11 Var. 9M10 9M11 Var. 9M10 9M11 Var.

GUNS 321,4 320,4 -0,3% 171,2 143,9 -16% 53,3% 44,9% -8,4 p.p. 63,5 6,2 -90%

HELMETS 67,5 86,8 29% 29,5 37,3 26% 43,7% 43,0% -0,7 p.p. 19,5 31,8 63%

OTHERS 50,6 36,5 -28% 2,2 6,4 191% 4,4% 16,2% +13 p.p. (3,9) (4,6) -

TOTAL 439,5 443,7 1% 202,9 187,6 -8% 46,2% 42,3% -3,9 p.p. 79,1 33,4 -58%

QUARTERLY NET REVENUE GROSS INCOME GROSS MARGIN

INCOME BEFORE TAXATION

3T10 3T11 Var. 3T10 3T11 Var. 3T10 3T11 Var. 3T10 3T11 Var.

ARMAS 112,5 97,0 -14% 60,1 50,0 -17% 53,4% 51,5% -2 p.p. 23,8 (13,3) -156%

CAPACETES 23,6 30,0 27% 10,4 13,4 30% 43,8% 44,7% 0,9 p.p. 7,0 12,0 71%

OUTROS 16,0 13,0 -19% 0,4 2,9 627% 2,6% 22,1% 19,5 p.p. (5,5) 0,7 113%

TOTAL 152,1 140,0 -8% 70,9 66,3 -6% 46,5% 47,3% -0,8 p.p. 25,3 (0,6) -102%

    FIGURES IN MILLION BRAZILIAN REAIS

31-12-2010 30-06-2011 30-09-2011 Variationjun-sep/11

Endividamento curto prazo 86,5 99,8 94,6 -5,2%Endividamento longo prazo 133,7 132,0 235,0 78,0%Saques cambiais 4,5 7,80 38,6 394,9%Debêntures 105,3 90,3 144,3 59,8%Antecipação créditos imobiliários - CRI 42,1 39,3 37,8 -3,8%Derivativos (2,6) (1,7) 2,2 -229,4%Avais e garantias 131,2 111,1 - Endividamento bruto 500,7 478,6 552,5 15,4%(-) Disponibilidades e aplicações financeiras 188,7 187,0 169,4 -9,4%Endividamento líquido 312,0 291,6 383,1 31,4%EBITDA 139,3 119,8 119,1 -0,6%Endividamento líquido / EBITDA 2,24x 2,43x 3,15x +0,72 xEBITDA/Despesas Financeiras, Líquidas 5,24x 3,16x 3,17x -0,01 x

MATURITIES SCHEDULE – IN MILLION R$

-

30.000

60.000

90.000

120.000

150.000

180.000

210.000

2011 2012 2013 2014 2015 As of 2016

SHARE PERFORMANCE OF FORJAS TAURUS S.A. - BM&FBOVESPA

30-09-10 30-12-10 30-09-11 (i) Quotation per share - Historic ON (FJTA3) 5,01 5,50 1,91PN (FJTA4) 4,64 4,10 1,79 (ii) Quantity of shares ON 42.744.720 42.744.720 47.137.539PN 85.489.440 85.489.440 94.275.078 128.234.160 128.234.160 141.412.617 (iii) Market value – In thousand R$ ON 214.151 235.096 90.033PN 396.671 350.507 168.752Total 610.822 585.603 258.785

Adequacy and modernization of industrial park

Profitability with the growing activity integration and the pursuit of productive and operational excellence

Debt extension and reduction of its costs

Implantation of a management model with emphasis on agility, integration and outcome

► This reporting contains, or proposes to contain, forecasts and estimations, which reflect the Management’s goals and expectations Forjas Taurus S.A. (“Forjas Taurus” – FJTA4, FJTA3)

► Such information is subject to miscellaneous events whose realization cannot be assured by Taurus, including, but not limited to, the maintenance of the macroeconomic scenario and the economic and financial metrics. Such information is not merely based on historical facts, but also reflects purposes and expectations. The words “anticipate”, “wish”, “expectation”, “forecast”, “intend”, “plan”, “predict”, “prognostic”, “help” and similar words, either written or spoken, intend to mean statements that necessarily involve known and unknown risks.

► This presentation is based on events occurred until 09/30/2011, and Forjas Taurus S.A. is not required to update such data and it stresses out that investors shall check the public documents available on the websites www.cvm.gov.br, www.bovespa.com.br and www.taurusri.com.br (annual reports, quarterly income, accounting statements, and others).

► Forjas Taurus S.A is not responsible for investments transactions or decisions made based on information presented herein.

CEO

DENNIS BRAZ GONÇALVES

Director Investor Relations

DÓRIS WILHELM

Executive Director Finances

FELIPE SAIBRO DIAS

Senior Vice-President

JORGE PY VELLOSO

Executive Director Investor Relations

EDAIR DECONTO

www.taurusri.com.br

ri@taurus.com.br

Tel.: (51) 3021.3000