BTG Pactual VII Latin American CEO Conference

Corporate Presentation
and 2Q16 Results
Corporate Presentation and 2Q16 Results
1. Market Overview
2. Company Overview
3. Business Units
4. Financial Profile
Economic Overview
A slight improvement of market expectation, as presented below, can indicate a possible closure of an unprecedented
recession period.
GDP Growth
2015-2016 GDP Estimate
In % per year
In %
0,5
7.6
7.5
5.9
4.9
3.5
5.0
4.2
4.1
3.4
3.2
6.0
5.7
4.4
4.0
3.9
3.1
2.7
2.5
1.8
3.1
1.0
0.4
-0.1
-0.5
0.5
1.3
1.3 1.2
-0.2
0.1
-3.2
-3.9
-3,4
-3.2
2015
2016
-3,8
According to market expectations, Brazil has likely reached

the bottom in 2016.
1-may-
1-apr-
1-mar-
1-feb-
1-jan-
1-dec-
1-nov-
1-oct-
1-sep-
2020E
1-aug-
2015
1-jul-
2010
1-jun-
2005
1-may-
2000
1-apr-
1995
1-mar-
1990
1-feb-
1985
1-jan-
-3.8
Expectations have deteriorated in 2015 and early 2016,

but are rebounding in the first months of the Temer
government.
Source: Brazilian Central Bank (historical series); Focus Report until 9/9/2016; Market Expectations Systems (9/9/2016)
Economic Overview
After strong market deterioration, political uncertainty and lack of confidence, there is an overall improvement of expectation
in the medium term.
Delinquency Rate
SELIC
In %
In %, end of period
7.7
6.7
12.8
10.0
6.8
6.3
6.6
6.5
6.3
3.7
3.6
3.5
5.7
11.8
11.0
7.5
10.0
8.8
4.5
8.5
8.5
4.0
8.5
7.3
4.0
3.9
3.5
3.1
3.4
2018E
Legal Entity
2017E
2016E
2015
2014
2013
2012
2011
2010
2009
2020E
2019E
2018E
2017E
2016E
2015
2014
2013
2012
2011
2010
2009
Private Entity
Inflation rates
3.2
4.5
2019E
3.8
6.2
4.7
2020E
10.8
7.2
2021E
7.7
-4.3p.p.
14.3
Business Confidence
(%YoY)
10.7
9.3
4.5
4.5
4.5
5.0
4.5
4.5
54
+ Positive
Environment
Environment
Negative
47
46
50
36
IPCA
2019E
2017E
2016E
2015
2014
2013
2012
2011
2018E
IGPM
-1.7
2010
5.0
jul-16
5.0
2016
5.2
3.7
2009
5.0
2015
5.0
7.0
5.5
5.1
6.0
2014
10.5
2013
6.4
2012
5.9
2011
4.3
5.8
7.8
2021E
6.5
2020E
5.9
2010
11.3
Source: Santander (Jul/2016); Bradesco (Aug/2016)
Investments in infrastructure
It is known that investment in infrastructure is historically low in Brazil and still far from the levels seen in developing
countries.
Investment in Infrastructure
Investment in Infrastructure in Brazil
(% GDP)
(% GDP)
China
(2010)
5.4
0.5
13.4
ndia
(2013Chile
17) Costa Rica
(2008- Uruguai
(2013)
Nicaragua
11) (2013)
(2013) Bolvia
(2013)
6.0
5.5
5.1
5.1
4.9
2.0
3.6
0.2
0.8
Brazil
(2011-14) EUA
Peru
2.3
(2013) (2001-16)
4.5
2.0
1.5
1.5
2.3
0.2
0.6
0.4
2.1
0.2
0.7
2.3
0.2
0.6
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
Water and Sanitation
Total (% GDP)
Source: Cepal, CNI (Confederao Nacional da Indstria); US Senate; press clipping
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
PPI: Infrastructure will play a major role in the Federal

Governments plan
The Temer Government announced a new package for concessions a great portion of the projects was already included in
the Investment Program in Logistics (PIL)
Number of concessions per sector
Mine and Electricity

18
2017
2018
3 oil and gas
1 powerplant
Investment prospects in the infrastructure sector

In R$ bi
128
4 mining
4 powerplants
106
114
7 electricity distrib.
Transport
2 ports
11
2 highways
3 railways
4 airports
Sanitation
3 water and
sewage
3
2015A
2016E
2017E
Ten points of the Crescer program, released by the executive office of the president of Brazil:
Only feasible projects
100 days between RFPs and auctions
Investment requirements to follow demand triggers
Environmental licensing
Clear regulatory framework
No more bridge loans
Independent regulatory agencies.
Assessing alternatives to address issues of current

concessionaires
TCU to pre-approve projects

RFPs translated to English
Lotex was not presented in the list

Source: Valor Economico
Infrastructure: Length of time to impact Mills revenue

Even for projects executed effectively, it takes a long time between the publication of the bidding documents and the
effective beginning of the construction work.
Concession
announcement
Bidding
documents
publication
Auction
Contract
signature
December/2012
October/2013
November/2013
April/2014
June/2014
9 months
May/2011
December/2011
February/2012
May/2012
August/2012
8 months
February/2008
May/2011
August/2011
November/2011
August/2012
1 year and 3 months
Beginning of
Length of time to
work
impact Mills revenue
The next investments should take longer between notice and works, as the government announced that
increased the auction deadlines from 45 to 120-180 days.
Source: Concession contracts; Globo (5/27/2014); GRU Airport (5/2014); Estado (6/30/2016)
Real Estate: Length of time to impact Mills revenue

The equipment rental evolves in average 24 months after the construction launch.
Impact on Mills revenue
Typical deadlines of real estate projects
Land purchase
Planning
12 months
24 months
Real Estate
market
2H 2018:
Rock bottom
Start/Launch
12 months
Mills
Market
Work beginning
2012
Landscaping: Yellow line

Foundation: pile driver, drilling rigs
Access: Scaffoldings,
12 months
Plataforms
Construction
12 months
2016
2018
2020
Rental market has a cyclical delay ~24 months in relation to the

real estate market.
Experts believe that the real estate market in 2016 will go
through the period of its maximum depression, should resume at
the end of 2017 (residential).
Thus, it is not expected the resumption of the Real Estate
market (equipment rental) before 2018.
Time
Source: ABRAINC; CBIC
1. Market Overview
2. Company Overview
3. Business Units
10
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 units:
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
11
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
12
Paiva construction work
Capital Increase. with the

issuance of 47 million
new common shares, in
the total amount of R$
125 million
Mills IPO
Business Units
Construction
Rental
Focus on Infrastructure, Industrial, Residential and

Commercial projects.
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: 192 for infrastructure and

721 for real estate
Number of active contracts: 1,979
Source: Mills, Serasa, Companys reports
13
Business Units
Mills is the national market leader in equipment rental for both business Units.
Construction equipment: 2015 Net Revenues
Mills
283
Mills
144
Solaris
Ulma
94
141
Locar
Rohr
70
142
Metax
70
Pashal
85
23
Not listed
110
SH
Not listed
Arial work platforms: 2015 Net Revenues (R$ million)
(R$ million)
Trimak
293
140-160
120
80
304
97
Degraus 20
Grupo Orguel
216
70
46
Considers the competitors total revenue and the revenue related to Millss similar products are estimated. 2014 data for Metax and Pashal. Metax has a Rental business unit only in Ribeiro Preto and
was not considered in the estimated value.
Revenue from other products

Source: Mills, Serasa, Companys reports
14
What We Do?
15
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.
16
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
17
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
18
(1) Excludes Industrial

Services, sold in 2013
1. Market Overview
2. Company Overview
3. Business Units
19
Construction: Strong Background

Projects
Viaduct Rodovia Dutra (So Paulo)
Cable-stayed bridge BRT Transcarioca (Rio de Janeiro)
20
Subway Line 4 (So Paulo)
Construction: Strong Background

Balanced Cantilevers and Trusses
21
Concrete Formworks
Shoring Systems
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
22
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

Equipment rental in Brazil has significant potential for penetration increase, beyond the recovery cycle.
Aerial Work Platforms
23
Telescopic Handlers
Rental
In addition to the recovery in the cycle, leasing platforms in Brazil has significant potential to increase penetration
Platform fleet / Industrial GDP
Platform fleet / habitant
In USD Billion
In 100.000 habitants
3x more aerial work platforms per US$ Industrial GDP in the USA
15
Best potential
comparison
~12x more aerial work platforms per habitant
165
5
14
EUA
Brazil
Indicator shows growth potential of the Brazilian

fleet in relation to the fleet in the US.
The lack of local production in Brazil, the
cyclicality of economies, culture/knowledge of
end-user reduces comparison.
24
EUA
Brazil
The indicator is not suitable to signal potential.

Per capita number of platforms indicator does
not consider economic productivity (output-input,
workforce).
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.
Use of aerial platforms in Brazil
Volume of Equipment Purchased in Brazil
In Brazil, platforms are mainly used in construction works and buildings - and industrial maintenance.
However, they can be used for any work that needs to be
done in time.
8616
5866
4983
4567
Construction: platforms are used during construction for

electrical, hydraulic and infrastructure projects.
3218
2950
1540
80 100 150 260
630
720
425
93
Industrial Maintenance: Maintenance and services in

production environments. For example in automotive
industries.
Logistics: Transportation of goods and inventories.
Source: Mills
25
1. Market Overview
2. Company Overview
3. Business Units
26
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
516
622
585
559
500
400
663.3
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
402
800
37.8
53.9
674.2
900
499.8
30.0%
20.0%
395.1
320.9
217.4
12.7
148.5
15.0
89.5
2015
LTM 2T16
0.0
2015
LTM 2Q16
-97.8
-113.9
10.0%
0.0%
2010
2011
2012
2013
2014
Result/provision of sales of semi new equipment

Ebtida ex. result/provision of sales of semi new equipment
Ebitda Margin
27
(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%
Technical
Assistance
1%
Rental
87%
28
Per Use
R$ 47.2 million
Spot
10.3%
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
Rental
90%
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.
29
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
30
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.
31
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
32
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$26.2 million in 2015
33
Indebtedness
In R$ 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+
3rd issuance of Debentures - 108.8% CDI

2nd issuance of Debentures - IPCA +5.5%
2nd issuance of Debentures - CDI + 0.88%
Cash
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
34
Interests
Gross Debt
Cash
Net Debt
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 32 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
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.
Mills Investor Relations

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

BTG Pactual VII Latin American CEO Conference

Caricato da

Informazioni sul documento

Titolo originale

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

BTG Pactual VII Latin American CEO Conference

Caricato da

Copyright:

Formati disponibili

Corporate Presentation

and 2Q16 Results

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results

2015-2016 GDP Estimate

According to market expectations, Brazil has likely reached

Expectations have deteriorated in 2015 and early 2016,

Corporate Presentation and 2Q16 Results

Source: Santander (Jul/2016); Bradesco (Aug/2016)

Corporate Presentation and 2Q16 Results

Investment in Infrastructure in Brazil

Water and Sanitation

Source: Cepal, CNI (Confederao Nacional da Indstria); US Senate; press clipping

Corporate Presentation and 2Q16 Results

Brazil lags behind other BRIC countries

Source: The Global Competitiveness Report 2015-2016

Corporate Presentation and 2Q16 Results

PPI: Infrastructure will play a major role in the Federal

Mine and Electricity

3 oil and gas

Investment prospects in the infrastructure sector

100 days between RFPs and auctions

Investment requirements to follow demand triggers

Clear regulatory framework

No more bridge loans

Independent regulatory agencies.

Assessing alternatives to address issues of current

TCU to pre-approve projects

Lotex was not presented in the list

Corporate Presentation and 2Q16 Results

Infrastructure: Length of time to impact Mills revenue

1 year and 3 months

Corporate Presentation and 2Q16 Results

Real Estate: Length of time to impact Mills revenue

Typical deadlines of real estate projects

Landscaping: Yellow line

Rental market has a cyclical delay ~24 months in relation to the

Source: ABRAINC; CBIC

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results

Corporate Presentation and 2Q16 Results

Highlights & Shareholder Structure

Capillary coverage to the whole

Portfolio with more than 90

(1) As of July 31, 2016

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

Focus on Infrastructure, Industrial, Residential and

Focus Civil Construction, Industry, Retail and Others.

Sales and rental of concreting and shoring, providing

Rental and sale of motorized access equipment, such as

Average duration of contracts: 18 months for

Average duration of contracts: 7 months for long term

Number of active contracts: 192 for infrastructure and

Number of active contracts: 1,979