Corporate Presentation 2Q16

Corporate Presentation
and 2Q16 Results
Disclaimer
This presentation may contain statements that present expectations of the Management of Mills Estruturas e Servios de Engenharia S/A
(Mills) about future events or results. Such statements are based on beliefs and assumptions of our Management taken with our best
knowledge and information to which Mills currently has access. All statements, when based on future expectations, and not on historical
facts, involve various risks and uncertainties, and are not performance guarantees. Mills and employees cannot guarantee that such
statements will prove to be correct. Such risks and uncertainties include factors relating to the Brazilian economy, the capital markets, the
infrastructure, real estate, and oil and gas sectors, competitive pressures, among others, and governmental rules that are subject to
change without notice. For additional information on the factors that may give rise to results different from those estimated by Mills, please
consult the reports filed with the Comisso de Valores Mobilirios CVM.
Corporate Presentation and 2Q16 Results
1. Industry Overview
2. Company Overview
3. Business Units
4. Financial Profile
Brazil Macro Fundamentals

In R$ million
The uncertainties in the economic and political environments continue to impact the markets in which we operate. The
deterioration of the fiscal situation of the Government and the lack of confidence in the market resulted in the paralysis
of the economy. There is a hope that the new government can carry out reforms and foster infrastructure investments.
Inflation
GDP Growth
7.5%
10.6%
2.7%
5.9%
2.3%
6.5%
5.9%
5.8%
6.4%
1.0%
0.1%
-3.8%
BNDES Disbursements
Interest Rates
R$ billion
190.4
14.25%
187.8
168.4
12.25%
11.00%
10.00%
8.75%
7.25%
156.0
138.9
135.9
107.3
40.1
Source: Brazilian Central Bank

(1) IPCA end of period
(2) Selic end of period
Brazil lags behind other BRIC countries

in quality of infrastructure
There is a significant demand for better infrastructure in Brazil, which can reduce the countrys growth bottleneck. The
quality of Brazils highways, railways, ports and air transport are very poor, increasing the cost of Brazil.
Infrastructure quality ranking for BRIC countries
(2014-2015)
Index 1.0 (best)
Railways
Highways
China
China
0.7
India
0.6
India
0.6
Russia
Russia
Brazil
0.4
Brazil
0.8
China
0.6
0.4
USA
0.7
India
Russia
USA
Air Transport
Ports
0.2
Brazil
0.7
USA
China
0.6
India
0.6
Russia
0.6
Brazil
0.4
0.8
USA
0.7
0.6
0.6
0.5
0.9
Source: The Global Competitiveness Report 2015-2016
Investments in infrastructure in Brazil are historically low

Country growth requires more investments in infrastructure. In order for Brazil to boost its economic growth and
approach in 15-20 years the quality of infrastructure of advanced emerging economies, it needs to invest in
infrastructure approximately at least 6% of its GDP.
Investment in Infrastructure Brazil
Investment in Infrastructure
(% GDP)
(% GDP)
Thailand (2009) = 15.6
Thailand (2003) = 15.4
China (2010) = 13.4
China (2003) = 7.3
Chile (2008-11) = 5.1
16%
14%
5.4
0.5
2.0
12%
10%
3.6
India (2009-10) = 4.8

Chile (2001-6) = 4.6
Peru (2008-11) = 4.2
India (2005-09) = 4.1
0.2
8%
0.8
1.5
2.3
0.2
0.6
0.4
2.1
0.2
0.6
2.3
0.2
0.9
0.7
0.5
2.1
1.5
0.8
0.6
0.7
1971/80
1981/89
1990/2000
2001/10
2011/14
Electricity
Telecom
Transportation
6%
4%
0.7
Water and Sanitation
Total (% GDP)
5% onwards
2%
Brazil (2011-14) = 2.3

Brazil (2007) = 1.8
Peru (2001-6) = 1.5
4-6%
1-2%
0%
Level of investment
necessary to maintain the
current capital stock per
capita, and gradually
extend sanitation,
electricity and water
services.
Level of investment in
infrastucture necessary to
reach the current levels of
South Korea and other
industrialized countries of
East Asia
Level of investment
necessary to boost its
economic growth and
approach in 15-20 years
the advanced emerging
economies
Source: InterB
New Logistics Investment Program (PIL) of the Federal Govt.

Total length to be invested (new and existing
concessions - in Km)
Estimated investments
in R$ billion
Airports
8.5
Ports
Railroads
7,500
37.4
Highways
Highways
7,000
66.1
Railroads
86.4
until 2018
69.2
35%
Total
198.4
After 2018
129.2
65%
PIL - 2015
Source: www.logisticabrasil.com.br
2. Company Overview
3. Business Units
Our Company
Complete in engineering products and services, in Brazil for more than 60 years.
With ability to plan, integrate services and products for the construction and industry
sectors. We invest in the expertise of our team of professionals, which, allied to our
diversified experience, allows us to deliver prompt, clever and reliable solutions that
increase our clients results and productivity in construction works.
National Coverage:19 States and Federal District in 32 locations
Highlights & Shareholder Structure

Approximately 1,600
employees
Capillary coverage to the whole

country
Portfolio with more than 90

solutions
2 business segments:
Construction and Rental
Board of
Directors and
Executive
Officers 0.4%
Shares in
Treasury 1.3%
Nacht Family
34.5%
Free Float
63.8%
(1) As of July 31, 2016
Business Units
Market leader, extensive track record, with more

than 60 years of experience in the infrastructure
sector.
Focus on Infrastructure, Industrial, Residential and
Commercial projects.
Rental
Construction
Market leader; started in 2008
Focus Civil Construction, Industry, Retail and

Others.
Sales and rental of concreting and shoring,

providing engineering solutions, services of
technical planning, project and supervision related
to equipment.
Rental and sale of motorized access equipment,

such as aerial work platforms and telescopic
handlers.
2Q16:
Equipment volume: approximately 113,000 tons
2Q16:
Equipment volume: approximately 6,000 equipment
Average duration of contracts: 18 months for

infrastructure projects and 8 months for real estate
projects
Average duration of contracts: 7 months for long

term contracts and 2 months for spot contracts
Number of active contracts: 1,979
Number of active contracts: 192 for infrastructure

and 721 for real estate
10
Company History
First Brazilian
manufacture of
formwork by license
agreement with NOESchaltechnik from
Germany
Founded on 1952.
50`s
Sells Events Unit

Acquired Jahu Ltda
Initiates its Rental Unit
90`s
Ferrovia do Ao
Catedral da S
hydroelectric power plant Lajeado

2000
80`s
Joint Venture with Aluma

Systems Inc. of Canada
(until 2001)
Cable-stayed bridge BRT Transcarioca

2016
2013
Sale of the
Industrial Services
business unit
Maracan Stadium
2010
In 2007. two private

equity funds. managed
by
IP,
and
Axxon,
became our shareholders.
Acquiring,
each
one,
10%.
Petrobras Oil platform
11
Paiva construction work
Capital Increase. with the

issuance of 47,528,517
new common shares, in
the total amount of R$
124,999,999.71
Mills IPO
What We Do?
12
Formwork
Special systems
Shoring
Access
Presence on all Construction Phases

Our work starts on preliminary economic and technical viability studies and go until the end of the projects. Thus, we
ensure the use of the best engeneering solutions.
Viability Studies
The
knowledge
and strategic
partnerships
allow us to
provide the
BEST
solution in
terms of
quality, costs,
risks,
deadlines and
interferences.
13
Executive
Projects
Our product
mix enables
the execution
of the best
solutions.
Implementation
(Construction
Site)
Supply of
scaffolding,
aerial work
platforms,
water tank
shoring etc.
Foundation
Supply of
scaffolding,
forms and
shoring.
Structure
Supply of
shoring
systems,
formwork,
scaffolding,
aerial work
platforms and
telehandlers.
Finishing
Supply of aerial
work platforms,
mast climbing
work platform,
liftpod and
scaffolding.
Strengths and Competitive Advantages

Best-in-class
engineering and technical
capabilities and SLA
Know-how to work in complex projects, such as bridges, subways and hydroelectric

power plants;
Recognition of its differentiated services and reliability;
Market leader in its core business units
Largest footprint and fleet

in Brazil in all business
units
High capillarity: present in 19 States and Federal District in 32 locations;

113,000 tons of equipment in the Construction business unit vs 60,000 tons of
equipment of the second player;
6,000 equipment in the Rental business unit vs 2,900 equipment of the second player
Diversified revenue
streams
Diversified revenue base serves several segments through its business units
(2Q16);
Rental: Construction 58%, Non-construction 32% and Spot 10%
Heavy Construction: Urban Mobility 30%, Logistics 36%, Industrial 11%, Others 23%
Real Estate: 53% Residential, 28% Commercial and Others 19%
Strong brand name

and reputation
Undisputable track record, with more than 60 years of history;

Strong and long-term customer base around 3,000 active contracts in all business
units
Corporate Governance
Listed on Bovespa at the highest corporate level (Novo Mercado) since 2010;
Audited by Big Four Companies and currently by KPMG;
Professional Management
14
Lean Organizational Structure to Face Market Challenges

Srgio Kariya
CEO
Ricardo Gusmo
Commercial Officer
for Construction
Marcelo Yamane
Rental Executive
Avelino Garzoni
Engineering and
Operations Officer
Gustavo Zeno
CFO and IRO
Fernanda Pinheiro
Human Resources
Executive
Construction
Headcount as of December 31
2,054
2,008
208
1,795
1,706
27
1,558
371
1,347
Shared Services
Engineering
2015
Rental
Construction
952
2010
2011
2012
2013
2014
2015
2015
15
(1) Excludes Industrial

Services, sold in 2013
Management Team Committed with Corporate Governance

High Corporate Governance Standards
Board comprised of 6 members, of which 3 are independent
Fiscal Council, permanent, since 2012
Professional Management: Boards segregation (CEO and Chairman)
Code of Conduct
Audited by Big Four Companies and currently by KPMG
Listed in Novo Mercado (High level of corporate governance of BM&FBOVESPA) since 2010
ERP system (SAP)
16
2. Company Overview
3. Business Units
17
Construction: Strong Background

Projects
Subway Line 4 (So Paulo)
Viaduct Rodovia Dutra (So Paulo)
Cable-stayed bridge BRT Transcarioca (Rio de

Janeiro)
18
Construction: Strong Background

Balanced Cantilevers and Trusses
19
Concrete Formworks
Shoring Systems
Construction: Strategy and Growth Drivers

Growth Drivers
Strategy
Country growth requires more investment in
For the commercial business, focus on small
infrastructure
Huge potential investment in infrastructure in Brazil
for upcoming years
Significant investment from basic industries
Increasing technical expertise requirements
industries and more complex projects other than

residential
Enhance relationship with midsized construction
companies
Careful selection and substantial investments in
Increasing penetration of industrialized formwork
training to maintain highly qualified staff, superior
Growing demand for full service solutions as
to competition
provided by Mills
Underdeveloped country in infrastructure
Mills equipment volume: approximately 113,000
tons
quality in line with top international standards

International
Market:
establishment
of
new
distribution channels and hiring of commercial

Equipment volume of 2 player in Brazil:
approximately 60,000 tons
Mills equipment volume is enough to supply
the market in Brazil and several markets in
Latin America.
20
Introduction of new products to ensure equipment
representatives
Brazilian market: development of sales partners in

the Real Estate market
Construction: Main Works with Mills Participation
North and Northeast

North
Northeast
March 29th Avenue BA

Canal Alagoano - AL
Rail Extension PA
Court of Justice BA
Central west
Southeast
Central-west and South

Papuda Penitenciary DF
Guaba Bridge RS
Powerplant So Manoel MT
21
South
Southeast
Confins Airport Expansion
MG
Botafogo Arena - RJ
Deodoro Arena RJ
Consortium So Loureno
SP
Duplication BR-381 MG
Subway Line 5 SP
Subway Line 6 SP
Subway CCRB - RJ
Monorail Gold Line SP
Olympic Park RJ
Nova Tamoios Highway
SP
Rodoanel SP
Transbrasil RJ
Rental: Main Products

Aerial Work Platforms
Telescopic Handlers
Others
Equipment sale
Technical Assistance
Trainning
22
Rental: Market Perspective

The market of aerial platform gained traction in 2007
with the revision of the Regulatory Safety Labor

Norm 18
(NR18), which establishes that workers
must be lifted with the use of motorized access

equipment and economic growth.
The current volume in Brazil (2015) is around 34,000
equipment,
Mills
owns
approximately
6,000
equipment and the second player approximately

2,900.
AWP Rental Fleet per 100.000 inhabitants
Volume of Equipment Purchased in Brazil
A measure of market maturity is to assess the ratio: MEWP rental fleet versus country
population
165
174
8616
Potential Market
5866
64
4983
4567
3218
2950
1540
14
80 100 150 260
630
720
425
93
1
Europe
US
CAN
CHN
BRA
Source: Mills
AWP: Mobile Elevating Work Platform
23
Rental: Strategy and Growth Drivers

Growth Drivers
Strategy
Less than 20% of the Brazilian demand for
Surpass Customer expectations (Availability +
equipment is actually rented (vis--vis Europe

80% and US 50%)
Market penetration through substitution of less
secure and efficient access methods
Brazilian safety labor regulation driving demand
for AWP (NR-18)

Increasing client concern and demands for safety
and productivity
Immature market with low penetration
Largest asset base and geographic presence
Safest way to work on height
24
Reliability + Service Levels)

Best in Class Service Level Agreement
Differentiation through service
Focused on growing non-construction segment

Geographic expansion in the medium term
Sinergy with the Construction business unit
2. Company Overview
3. Business Units
25
Summary Financials
In R$ million
Costs and Expenses
Net Revenue
900.0
354.5
462.8
665.5
800.0
700.0
39.9
64.1
600.0
500.0
400.0
300.0
30.1
36.0
200.0
100.0
832.3
56.8
101.3
288.4
794.2
576.1
50.4
80.5
561.4
402
516
622
585
559
663.3
500
400
300
484.4
400.7
2
125
200
100
276
11
164
16
14
42
38
31
209
232
203
189
335
348
344
339
2013
2014
2015
172
340
238
2010
2011
2012
2013
Equipment Rental
Sales
2014
2015
LTM
2Q16
Technical assistance and others
2010
2011
168.4
217.4
600.0
47.5%
339.0
50.9%
47.0%
419.3
340.7
161.2
104.5
168.4
151.5
166.8
64.3
2010
2011
2012
2013
2014
50.0%
40.0%
19.8
28.0%
20.9%
323.2
92.2
50.4%
15.8
200.0
103.3
60.0%
24.2
300.0
SG&A
LTM
2Q16
ADD
Net Profit (Loss)
42.9%
400.0
2012
COGS
Ebitda and Ebitda Margin
100.0
560
600
9.2
63.6
0.0
500.0
424
700
27.6
36.8
398.4
900
800
37.8
53.9
674.2
499.8
30.0%
20.0%
395.1
320.9
217.4
12.7
148.5
15.0
89.5
0.0
2015
LTM 2Q16
-97.8
-113.9
10.0%
0.0%
2010
2011
2012
2013
2014
2015
LTM
2Q16
Result/provision of sales of semi new equipment

Ebitda ex. result/provision of sales of semi new equipment
Ebitda Margin
26
(1) Excluding Industrial Services business unit. sold in 2013.

(2) Excluding easy set formwork cost adjustments of R$ 14.6 million in 2014
(3) Excluding Construction impairment of R$ 30.9 million and Rohr impairment of R$26.2 million in 2015
Rental Revenue Breakdown

In R$ million
Construction Business Unit

Heavy Construction:
Per Source of Resources
R$ 23.4 million
Heavy Construction:
Per sector R$ 23.4 million
Others
15%
PPP
17.7%
Public
35.4%
Railways
9%
Private
46.9%
Others
19%
Airports
12%
Industrial
11%
Sanitation
8%
Real Estate:
Per Type R$ 14.5 million
Highways
15%
Commercial
28%
Subway/Train/
BRT
30%
Residential
53%
Rental Business Unit

Net Revenue per Type of Service
R$ 54.4 million
Semi new
equip. sales
5%
Sales
4%
Others
3%
Spot
10.3%
Technical
Assistance
1%
Rental
87%
27
Per Use
R$ 47.2 million
Construction
57.8%
Non-Construction
31.9%
Public: resources from the government

Private: resources from the private sector.
PPP (publicprivate partnership) : resources from the government and the private sector
Utilization Rate and Net Revenue

In R$ million
Volume Utilization Rate
Net Revenue
Construction
100%
90%
80%
70%
60%
39.7
2.3
1Q16
Rented Volume
0.4
37.8
Price and Mix
2Q16
Utilization rate
Average LTM 2Q16 = 46.1%
Average 2Q16 = 42.7%
50%
40%
30%
20%
10%
0%
1Q10 3Q10 1Q11 3Q11 1Q12 3Q12 1Q13 3Q13 1Q14 3Q14 1Q15 3Q15 1Q16
100%
Average Quarter
Average LTM
90%
Rental
80%
70%
60%
49.9
2.7
1Q16
Rented Volume
0.0
50%
47.2
Utilization rate
Average LTM 2Q16 = 60.9%
Average 2Q16 = 57.0%
40%
30%
20%
10%
0%
1Q10
3Q10
1Q11
3Q11
1Q12
3Q12
1Q13
3Q13
Average Quarter
1Q14
3Q14
1Q15
3Q15
1Q16
Price and Mix
2Q16
Average LTM
(*) Non segmentation of the utilization rate in the business unit Construction because the inventory of the equipment used in real estate and Infrastructure are shared
Volume: variation of the revenue due to the rented volume in tons (Construction) and quantity of machines(Rental) Price and Mix: variation of the revenue due to the variation of prices and
products mix.
28
ADD Percentage Equal to 6.0% of Net Revenue in 2Q16

Allowance for Doubtful Debts (ADD) Evolution
In % of net revenue
15.0%
12.8%
13.0%
11.0%
9.0%
7.0%
5.9%
7.0%
5.3%
6.0%
5.8%
5.0%
3.0%
1.7%
2.1%
2.0%
1.2%
0.3%
Average 2010-2014 = 2.3%
1.0%
2010
-1.0%
2011
2012
2013
2014
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
Delinquency Evolution
72.9%
68.2%
65.0%
72.0%
60.7%
56.9%
48.6%
2Q15
62.3%
51.8%
3Q15
4Q15
ADD Balance/Total Trade Receivables
29
60.1%
1Q16
2Q16
Total Past Due/Total Trade Receivables
Free Cash Flow

In R$ million
Even on an adverse scenario. the Company remains generating free cash flow
Cash Flow
383.7
372.7
295.5
288.3
281.9
198.9
158.9
116.1
80.8
2010
2011
2012
2013
2014
2015
79.5
1Q16
50.1
48.6
2Q16
-31.2
-154.3
-208.9
-356.5
Adjusted Operating Cash Flow
Adjusted Free Cash Flow
Before interests paid referring to debentures, Finame and investment in equipment rental.
Before interests paid referring to debentures and finame.
Includes R$ 8.5 million of revenue from sales of new and semi new equipment in 2Q16 and R$ 31.4 million in 1Q16. In 2015 the revenue of sales was R$ 53.9 million.
30
Consolidated: Financial Performance

In R$ million
Due to the reduction of the investments and assets sales, the average capital invested tends to fall, since it illustrates the
average in the period.
Average Invested Capital
ROIC Breakdown
Net Revenue
499.8
1,800.0
5.0%
1,617.7
1,562.5
1,600.0
144.5
2.0%
139.6
1,505.8
1,439.5
134.5
1,400.0
125.3
0.8%
COGS
(192.9)
1,374.0
0.0%
116.2
NOPAT
(79.8)
(39.8)
1,200.0
696.9
675.8
1,000.0
654.7
-2.9%
-3.8%
632.5
-5.0%
-5.8%
606.9
depreciation:
(163.5)
800.0
-10.0%
600.0
400.0
776.3
747.2
716.6
681.7
650.9
2Q15
3Q15
4Q15
1Q16
2Q16
ROIC LTM
-5.8%
Adjusted-2.9%
Income Tax (rate of 30%)

34.9
17.7
Rohr Dividends 1.5
-15.0%
200.0
SG&A
(259.6)
(202.5)
-20.0%
Construction
Rental
Others
ROIC
Invested Capital
1,374.0
Net Rental PP&E

924.3
Others
449.7
ROIC = NOPAT/Average Invested Capital. Invested Capital = the sum of the equity plus third parties capital (including all onerous bank and nonbank debts) being both the average amounts in the last thirteen months.
Includes Rohr, Events and Industrial Services business units. Excluding impairment (R$57.1 million) from NOPAT Including ADD in the amount of R$ 26.3 million
31
Summary Financials
In R$ million
(1) Excluding Industrial Services business unit, sold in 2013

(2) Excluding easy set formwork cost adjustments of R$14.6 million in 2014
(3) Excluding Construction impairment of R$30.9 million and Rohr impairment of R$26.2 million in 2015
32
Indebtedness
In R$ million
The weighted average maturity of our debt is 2.7 years at a cost of CDI+0.31%.
Gross Debt Profile
Principal Amortization Schedule

356.8
31.3%
150.3
106.2
82.0
68.7%
106.2
38.9
Short Term
Long Term
Cash
position
2016
2017
2018
2019
2020+
Finame
3rd emission of Debentures - 108.8% CDI
2nd emission of Debentures - IPCA +5.5%
2nd emission of Debentures - CDI + 0.88%
We do not have foreign currency exposure.
Indebtedness on 06/30/2016
2.2%
22.7%
54.3
537.8
356.8
483.5
75.1%
181.0
TJLP
CDI
IPCA
Principal
33
Interests
Gross Debt
Cash
Net Debt
Rewards and Recognition

2016
Elected as a Company with Contribution to secure access height - IAPA Awards
2015
Elected as pioneer company in Motorized Access IAPA Awards
2014
Elected best material supplier and best product in PINIs (national key magazine) ranking
Executives ranked as the best of Latin America by Institutional Investidor magazine: Investor Relations, CEO and CFO.
2013
Elected IPAF training center of the year IAPA Awards
Elected best material supplier for Vale
Ranked amongst the top 5 rental companies of motorized access equipment with the fastest growth and the 30rd
largest of the world, according to Access International ranking
Ranked amongst the top 10 well succeeded IPOs of the decade, according to Capital Aberto magazine ranking of 2011
Executives ranked as the best of Latin America by Institutional Investidor magazine: Investor Relations, CEO and CFO.
2012
Elected best material supplier for Vale
2011
Elected Best Company for Access of the Year IAPA Awards
Recognized for its contribution for Concrete Show - the largest technology event for the construction industry in Latin
America
34
Key Takeaways
Infrastructure investment needs to be substantially increased to meet social needs and support economic growth;
Largest footprint: present in 19 States and Federal District in 33 locations;
Largest fleet in Brazil in all business units;
AWP: Immature market with low penetration and the safest way to work on height;
Efforts to increase presence in the international market;
Sales of assets aiming at to real estate market (lower turnover);

Strengthen relationships with mid-sized construction companies
Focus on non-construction markets for the Rental unit
Continuous search for operational efficiency
Reliability
Management committed to Corporate Governance
Agility and
Matchless
Executions
National
Coverage
Best in Class
Solutions
Tailor Made
Projects
Complete Product
Portfolio
35
Mills Investor Relations

Phone: +55 (21) 3924-8768
E-mail: ri@mills.com.br
www.mills.com.br/ri

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Corporate Presentation

and 2Q16 Results

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results

Brazil Macro Fundamentals

Source: Brazilian Central Bank

Corporate Presentation and 2Q16 Results

Brazil lags behind other BRIC countries

Source: The Global Competitiveness Report 2015-2016

Corporate Presentation and 2Q16 Results

Investments in infrastructure in Brazil are historically low

India (2009-10) = 4.8

Water and Sanitation

Brazil (2011-14) = 2.3

Corporate Presentation and 2Q16 Results

New Logistics Investment Program (PIL) of the Federal Govt.

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results

National Coverage:19 States and Federal District in 32 locations

Highlights & Shareholder Structure

Capillary coverage to the whole

Portfolio with more than 90

(1) As of July 31, 2016

Corporate Presentation and 2Q16 Results

Market leader, extensive track record, with more

Market leader; started in 2008

Focus Civil Construction, Industry, Retail and

Sales and rental of concreting and shoring,

Rental and sale of motorized access equipment,

Average duration of contracts: 18 months for

Average duration of contracts: 7 months for long

Number of active contracts: 192 for infrastructure

Corporate Presentation and 2Q16 Results

Sells Events Unit

hydroelectric power plant Lajeado

Joint Venture with Aluma

Cable-stayed bridge BRT Transcarioca

Corporate Presentation and 2Q16 Results

In 2007. two private

Petrobras Oil platform

Paiva construction work

Capital Increase. with the

Corporate Presentation and 2Q16 Results

Presence on all Construction Phases

Corporate Presentation and 2Q16 Results

Strengths and Competitive Advantages

Know-how to work in complex projects, such as bridges, subways and hydroelectric

Largest footprint and fleet

High capillarity: present in 19 States and Federal District in 32 locations;

Strong brand name

Undisputable track record, with more than 60 years of history;

Corporate Presentation and 2Q16 Results

Lean Organizational Structure to Face Market Challenges

Corporate Presentation and 2Q16 Results

(1) Excludes Industrial

Management Team Committed with Corporate Governance

Board comprised of 6 members, of which 3 are independent

Fiscal Council, permanent, since 2012

Professional Management: Boards segregation (CEO and Chairman)

ERP system (SAP)

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results