Corporate Presentation

March 2013

Disclaimer

This presentation may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Mills cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure,

real estate and oil & gas sectors, among others, and governmental rules, that are
subject to change without prior notice. To obtain further information on factors that may give rise to results different from those forecast by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).

Agenda

Executive Summary Mills business segments

Financial performance

Growth plan

Mills at a Glance
One of the largest specialty engineering services company in Brazil 60 years of market leadership 4 business segments: Heavy Construction Rental

Jahu

Industrial Services

Mills Financial performance per business segment

2012 Financial highlights per business segment
R$ million
1000 900 800 253 700 600 500 400 300 200 100 0 Net Revenue EBITDA 238 214 Industrial Services

879.3

% Total
Rental

EBITDA Margin (%) 55.7%

ROIC (%) 18.2%

29%

9.1%

4.6%

24%
Jahu - Residential and Commercial

47.7%

15,7%

358.4
27%
141 19 113 174

% Total 39%

Heavy Construction

48.5%

17.2%

5% 32%

20%
84

Total

40.8%

14.7%

24%

Mills Shareholder Structure

% Total Capital

Nacht family1 36%

Free float 61% Management 3%

Position: December 31, 2012 1 includes Snow Petrel

Agenda

Executive Summary Mills business segments

Financial performance

Growth plan

Heavy Construction

Transnordestina Railway

Heavy Construction
Focus on large and complex infrastructure projects Products: Engineering solutions and equipment rental: formwork and shoring Planning, design, technical supervision, equipment and related services Market leader Extensive track record with 60 years of experience Critical success factor is reliability

Main clients are the Brazilian largest contractors, such as

Number of contracts: 288 at the end of 2012
So Paulos Subway Yellow Line Santo Antonio Hydroelectric Power Plant Dutra Highway Overpass (So Paulo)

Heavy Construction market outlook

Investments in infrastructure and industry in Brazil should amount R$ 1.5 trillion in the 2013-2016 period
Industry investments 2013-2016
R$ 1,033 billion

Infrastructure investments 2013-2016

R$ 489 billion

Others 483

Oil and Gas 405

Ports 24 Roads 69

Airports 9

Energy 166

Railways 77 Mining 57 Pulp and Paper Chemical Steel 30 28 30 Sanitation 42 Telecom 102

Growth compared to the 2008-2011 period (%) 22% 36%

10
Source: BNDES February 2013

New logistic investment program

Highways
In R$ billion

Railways
In R$ billion

Ports
In R$ billion

Total
In R$ billion

In the first 5 years

23.5

Colunas2

Colunas3 56.0

In the first 5 54.2 years

133.7

Up to 20 years

18.5

Colunas3

35.0 Colunas2

Up to 20 years

53.5

20

40

60

20

40

60

20

40

60

30

60

90

120 150

Total: R$ 42 billion (7,500 km)

Total: R$ 91 billion (10,000 km)

Total: R$ 54 billion

Total: R$ 187 billion

Source: Programa de investimento em Logstica, August 2012 and O Globo newspaper

11

Infrastructure Market Outlook

To ensure its competitive edge in the global scenario and to keep its growth rates at a sustainable pace, Brazil will have to invest heavily in the infrastructure sector in the coming years
Dficit em infraestrutura
USA Index = 1.0 - 2008-2009 average

Roads

Railways

Ports

Infrastructure

China

0.71

China

0.85

China

0.75

China

0.68

India

0.53

India

0.94

India

0.61

India

0.54

Russia

0.41

Russia

0.81

Russia

0.61

Russia

0.56

Brazil

0.47

Brazil

0.38

Brazil

0.46

Brazil

0.58

USA

1.00

USA

1.00

USA

1.00

USA

1.00

0.50

1.00

0.50

1.00

0.50

1.00

0.50

1.00

Source: 2009 World Economic Forum

12

The construction work related to World Cup and Olympic events represented 22% of the Heavy Construction business segments 4Q12 revenue
4Q12 Revenue
R$ 47.3 million

Investments for the 2014 World Cup by project stage

Total: R$ 27 billion

16.9

0.3
2.6

Others 14%

World Cup and Olympics 22%

7.3 7.6 0.6 4.5

0.3
0.3
Concluded

6.8

2.3 2.3 2.4

On studying stage or licensing process

Infrastructure 39%

Industry 25%

Under construction work

Wating for the construction work to start

Stadiums

Urban Mobility

Airports

Ports

Source: 3 Balano das aes do Governo Brasileiro para a Copa Report on April 2012 and Mills

13

Sport events: the cherry of the cake

12 stadiums (R$ 6.7 billion)

5 highways1

1 railroad2

0.4 hydroelectric powerplant3

1 Considering 2 Investiment

the average investment of the Bus Rapid Transit (BRT): Transcarioca (R$ 1.3 billion), Transolmpica (R$ 2.2 billion) and Transoeste (R$ 0.7 billion) in the Norte-Sul railway (R$ 6.7 billon) 3 Investment in the Santo Antnio hydroelectric powerplant (R$ 16.0 billion)

14

Important contracts per stage in the evolution of monthly revenue from the heavy construction projects
(Basis 100= Maximum monthly revenue in the life of construction)

New contracts*

Contracts with growing volume of equipment

Belo Monte hydroelectric powerplant Monorail line Gold Subway line 5 SP Subway line 4 RJ Au port Verdo stadium Light rail Cuiab Norte-Sul railway New phases of Ponta da Madeira port

Contracts with high volume of equipment

Jirau, Colder and Teles Pires hydroelectric powerplants Abreu e Lima refinery Paranaenses arena Monorail line Silver - SP

Contracts in the demobilization process

Subway line 2 - SP Maracan stadium Man Garrincha stadium Sudeste port Ponta da Madeira port Serra Leste mine

Revenue Index

Transordestina railway BR-448 Comperj refinery Manaus airport BRT Transcarioca Porto Maravilha Aratu Port Metropolitan arch RJ Carajs railway BRT Belm

Time
New phases of Belo Monte hydroeletric powerplant New stretches of subway lines 4 and 5 New stretches of Monorail line Gold BRT Fortaleza Guarulhos airport Fortaleza airport Natal airport Viracopos airport Braslia airport Surroundings of the Maracan stadium Surroundings of the Corinthians Arena Bridge over the Araguaia River Expansion of Carajs mine Paraguau shipyard

New contracts*

Source: Mills

15

Characteristics of the major projects in progress

Source of Funds
PublicPrivate Partnership 29%

Public 32%

Private 39%

16

Construction Applied technological innovation

Automatic Climbing Formwork SM Mills

Alumills

17

Heavy Construction Financial performance

In R$ million

50.0 45.0 40.0 35.7 35.0 30.0 25.0 28.5% 21.6 25.5% 22.3 38.8% 19.5 18.8% 13.3 15.6 14.4% 21.2 18.9 16.6% 17.8% 45.9%

51.9% 41.7

52.2% 42.7 34.2 54.0% 36.1 46.2% 30.6 33.2 33.2 43.5% 39.3 48.0%

41.9

45.5 52.9%

45.5

47.3

60%

50%

50.6%

50.2% 42.7% 24.1 40%

48.9% 31.8

22.8 20.2

30%

24.4%
20.0 15.0 10.0 5.0 1Q10 16.4

26.0%
14.1 12.1% 8.6 4.5% 14.4 12.0%

17.5%

19.7%

18.3% 14.8%

20%

10%

0% 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 EBITDA 3Q11* 4Q11 1Q12 2Q12 3Q12 3Q12* ROIC 4Q12

Net Revenue

EBITDA Margin

4Q12/4Q11 4Q12/3Q12*

+31.2% +3.9%

+3.6% - 11.6%

- 1,130 bps - 750 bps

- 270 bps - 350 bps

* Excluding the negative impact of R$ 5.8 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in the amount of R$ 1.5 million in 3Q12 1 ROIC: Return on Invested Capital. Until 4Q10, ROIC was calculated considering the effective income tax rate for the period, while in 1Q11 onwards ROIC was calculated considering a theoretical 30% income tax rate.

18

Jahu - Residential and Commercial

Reserva do Paiva Pernambuco

19

Jahu Residential and Commercial

Focus on residential and commercial construction Products: Engineering solutions and equipment sales and rental: formwork, scaffolding and shoring Market leader Innovative product - Easy-Set aluminum formwork - to serve low income housing construction Clients are the Brazilian real estate companies, such as Number of contracts: 4,361 at the end of 2012

20

Growth drivers of the residential market: housing financing

Housing Financing
In R$ million

Source: BACEN and FGV

21

Growth drivers of the residential market: higher purchasing power

Higher purchasing power of the Brazilian population
In million families

6.0 8.1

5.7
9.8

6.2 11.7

Class A
+33.2 million

60.4

Class B 37.0 49.7 58.4 Class C

families with income between R$ 1,000 to 8,000

Growth rate (%, p.a.)

< R$ 1,000 31.7

27.2 29.1

-0.4%

38.2
28.0 20.1 10.7 2002

Class D

>= R$ 1,000 and +3.9% <= R$ 8,000

5.9 Class E 1.4 2007 2030E

> R$ 8,000

+7.1%

6.8 2009

3.6 2014E

Source: IBGE and FGV

22

Growth drivers of the residential market: industrialization of the construction process

The major challenge for the sector: labor 89% of companies from the construction industry stated that lack of qualified labor is a problem for the company 94% of companies from the construction industry facing shortages of skilled manpower have difficulty finding workers for basic construction activities, such as bricklayers and laborers Solution: Industrialization of the construction process
System Cycle between concreting activities Traditional with wood 15 days Deck Type 6-8 days Flying Table 4-7 days

Only 7% of companies from the construction industry plan to

deal with the shortage of skilled labor by changing the building process to an industrial assembly model 23
Source: Sondagem Especial Construo Civil, April 2011, CBIC , CNI, Tchne Magazine, June 2012 and Mills

Great penetration of concrete wall for the Minha Casa, Minha Vida program
Use of concrete wall should reach 40% of the properties of the Minha Casa, Minha Vida program in 2014/15

2010/11
3%

2012/13
15%

2014/15

40%

60% 85%

97%

30,000 HU
Concrete wall construction

150,000 HU

400,000 HU
Construction using other systems

Source: Criative

24

Applied technological innovation: reduction in labor and construction cycle

Mills Deck Light

Alumalight

SL-2000

Easy set

Alumills

Mast Climbing Platform

25

Growth drivers in the residential market: geographic expansion

Jahu Revenue Breakdown

15% 39% 51%

1

New branches

100% 85% 61%

49%

Established branches

2009

2010

2011

2012

Branches opened since November 2009

26

Jahu Financial performance

In R$ millions

70.0 58.9 55.9% 60.5 60.5 48.6%

66.0

60%

60.0 45.3% 50.0 46.0% 42.8% 42.0% 38.8% 41.6%

50.1% 52.5 52.5 45.5%

46.1%
39.6%

50%

35.5%
40.0 29.2% 23.6% 22.7 20.0 10.3 10.0 10.0 11.9 21.8 21.3% 27.9 22.3% 11.6 32.8 29.2 34.7

40% 39.4 33.8 26.3 15.6% 27.2 14.8% 20.2% 29.4 26.1 16.9% 12.6% 10% 20% 30%

30.0

23.9 15.2% 12.3 16.3% 13.0% 13.5 16.4 12.5%

0%

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

3Q12*
ROIC

4Q12

Net Revenue

EBITDA

EBITDA Margin

4Q12/4Q11 4Q12/3Q12*
1

+ 25.9% + 9.1%

+ 9.5% - 11.2%

- 590 bps - 900 bps

- 370 bps - 430 bps

* Excluding the positive effect of R$ 5.3 million of tax contingency reversal in 3Q12 ROIC: Return on Invested Capital. Until 4Q10, ROIC was calculated considering the effective income tax rate for the period, while in 1Q11 onwards ROIC was calculated considering a theoretical 30% income tax rate.

27

Rental Motorized Access Equipment

Castelo Stadium Fortaleza, CE

Rental - Motorized Access Equipment Rental

Serves all Mills business segments as well as the automotive, retail and logistics sectors, among others Products: Rental and sale of motorized access equipment, such as aerial work platforms and telescopic handlers, to lift people or cargo, respectively

Market leader
Cross-selling with all other Mills business segments Elected "Best Company for Access of the Year" by the International Awards for Powered Access (IAPA Awards) for the year of 2011

Number of contracts: 1,597 at the end of 2012

29

Motorized Access Equipment Rental market outlook

Current underutilization of motorized access equipment in Brazil and favorable regulation indicate significant growth potential in this market.

The Brazilian aerial platforms and telehandler fleet is very small compared to the US fleet; less than
3% Modest rental penetration of 15% in Brazil. Rental penetration is approximately 40% in the USA, 60% in Japan and 80% in England Recent regulation obliges the use of aerial platforms to lift people, increasing safety and productivity in the work site Brazilian fleet should increase at average annual rate of 14% in the next few years and reach

40,000 units by 2017

Source: Mills

30

In 2012, the Brazilian fleet of motorized access equipment grew 32.1% compared to 2011
Motorized access equipment fleet
In thousands of units

Fleet profile Brazil - 2012 Total: 21,000

45 40
40 35
+13.9% p.a.

Telescopic handlers 11%

30 25 20 15 10 5 0 2009 2010 2011 2012 ... 2017E 8

+34.9% +46.2% +32.1%

Aerial work platforms 89%

21

USA - 2011 Total: 785,000

Telescopic handlers 22% Aerial work platforms 78%

16

11

Source: Mills and Yengst Associates

31

Growth drivers in the motorized access equipment market: geographic expansion

Rental Revenue Breakdown

31% New branches 58% 62%

1

69% 42%

Established branches
38%

2009

2010

2011

2012

Branches opened since January 2010

32

Rental Financial Performance

In R$ million

80.0 70.0 60.0 50.0

74.2 57.0% 55.8% 56.6% 47.6% 61.8% 56.0% 54.1% 47.6% 45.6 41.2 45.6 38.0 30.7 17.1% 22.3 25.0 21.7 12.9% 16.0% 34.9 20.3% 31.4 36.9 54.8% 56.0% 54.9 56.5 56.6% 55.4 67.4 56.5%

70%

60%

49.8%
50%

40%

40.0 30.0 20.0 10.0 1Q10 2Q10 3Q10 4Q10

23.5%
21.3 17.2 9.8

30.8 25.8 19.6%17.3% 14.6 18.7% 14.7

33.7 17.3% 18.9

30%

18.6%
16.3% 16.3%

16.9%

20%

11.9

10%

0% 1Q11 2Q11 3Q11 3Q11* 4Q11 1Q12 2Q12 3Q12 ROIC 4Q12 Net Revenue EBITDA EBITDA Margin

4Q12/4Q11 4Q12/3Q12

+ 35.3% + 10.2%

+ 20.2% - 2.9%

- 620 bps - 670 bps

- 170 bps + 60 bps

* Excluding the positive effect of R$ 5.3 million of tax contingency reversal in 3Q12 ROIC: Return on Invested Capital. Until 4Q10, ROIC was calculated considering the effective income tax rate for the period, while in 1Q11 onwards ROIC was calculated considering a theoretical 30% income tax rate.

33

Industrial Services
Rental Financial performance
In R$ millions 70.0 61.8% 60.0 57.0% 55.8% 56.6% 56.0% 47.6% 41.2 40.0 33.7 30.8 30.0 23.5% 21.3 19.6% 20.0 17.2 11.9 25.8 17.3% 18.7% 14.7 17.1% 18.9 17.3% 22.3 25.0 30.7 34.9 31.4 30% 38.0 37.4 40% 54.1% 47.6% 45.6 54.8% 56.0% 54.9 56.5 56.6% 55.4 56.5% 50.40% 50.0 45.6 50% 60% 67.4 70%

21.7
16.0% 12.9% 18.6%

20.3% 16.3% 16.3% 17.20% 20%

14.6 9.8
10.0

10%

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 EBITDA 3Q11 3Q11* 4Q11 1Q12 2Q12 ROIC 3Q12 4Q12

0%

Net Revenue

EBITDA Margin

4Q12/4Q11 4Q12/3Q12

+35.3% + 10.2%

+21.6% +1.8%

- 566 bps - 610 bps

- 148 bps +83 bps

Ocean Star Platform Angra dos Reis, RJ

* Excluding the negative effect of R$ 3.3 million of Allowance for Doubtful Debt (ADD) in 3Q11 1 ROIC: Return on Invested Capital. Until 4Q10, ROIC was calculated considering the effective income tax rate for the period, while in 1Q11 onwards ROIC was calculated considering a theoretical 30% income tax rate.

34

Industrial Services
Focus on large industrial plants, both on construction and maintenance phases Products offered during construction and maintenance: access structures rental and erection/dismantling services industrial painting and surface treatments thermal insulation Cross-selling with Heavy Construction business segment Recurring and less volatile revenue base Labor intensive, instead of capital intensive, as the other business segments Industries served: oil & gas, petrochemicals, pulp & paper, steel, among others Number of contracts: 114 at the end of 2012

35

Petrobras has announced its 2012 - 2016 Business Plan with investments totaling US$ 236.5 billion in this period
Petrobras total investment plan for 2012-2016 period: US$ 236.5 billion Petrobras pre-salt investment plan for 2012-2016 period: US$ 49.7 billion US$ 131.6 billion will be invested in E&P in Brazil, with the aim of increasing domestic oil production from

2.0 million bpd (Mbpd) in 2011 to 2.5 Mbpd in 2016, with 0.8 Mbpd related to pre-salt
Critical resources needed up till 2020: 65 drilling rigs
44

# Petrobras Plataforms
CAGR10-20: +7.9% 61 94

68 platform-vessels 361 special support vessels

2010

2015

2020

US$ 51.7 billion will be invested in refining, of which 48% to expand the refining facilities, the major
refinery projects being Abreu e Lima (PE) and Comperj (RJ).
Source: Petrobras 2012-2016 Business Plan and Revista Exame (6/27/2012).

36

Industrial Services Financial performance

In R$ millions

70.0

17.7%

20%

17.3%

14.9% 56.4 14.8% 52.5 13.4% 50.2 12.2% 10.3% 9.6% 7.2% 3.2% 4.7% 7.5% 8.5% 57.5 56.9 14.2% 54.8 50.2 50.9 12.1% 48.8

60.0

59.3
15%

15.8%
50.0

14.9% 46.5

14.2%

14.2% 13.3%
10%

40.0
40.0

3.9% 0.2%

5%

30.0

0% 20.0

-1.2% 6.9 7.0 8.1 4.1 2.3

4Q11 1Q12

10.0

6.3

5.8

6.1

6.2

8.4 4.7 -6.2% 0.1

-5%

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 EBITDA 3Q11 2Q12 3Q12 ROIC 4Q12 Net Revenue EBITDA Margin

-10%

4Q12/4Q11 4Q12/3Q12
1

+ 18.2% + 21.5%

+ 259.6%

+950 bps + 1,400 bps

+1,450 bps +1,950 bps

+ 7,268.7%

ROIC: Return on Invested Capital. Until 4Q10, ROIC was calculated considering the effective income tax rate for the period, while in 1Q11 onwards ROIC was calculated considering a theoretical 30% income tax rate.

37

Agenda

Executive Summary Mills business segments

Financial performance

Growth plan

38

Mills Financial performance

In R$ millions 300.0 43.3% 250.0 37.0% 200.0 148.9 23.1% 131.3 23.0% 20.3% 115.5 38.4% 39.5% 37.6% 36.4% 35.4% 29.0% 164.0 145.0 18.8% 175.1 25% 20% 91.7 14.5% 15% 41.6 10% 5% 34.2% 193.5 29.4% 154.2 40.0% 222.2 211.1 199.1 35% 30% 43.2% 40.7% 222.2 246.8 37.1% 50% 45% 40%

175.1

150.0

100.0 50.5 26.1 55.9 28.5

13.8% 52.8
22.2

12.7% 58.0 22.6 50.8 8.6% 17.8 59.9 11.1% 23.8

76.4 14.2% 29.5

86.2 15.1% 32.7

84.4 13.6% 39.2

96.1 15.8% 38.0

90.4 14.5% 34.7

50.0

42.8 18.7

45.4 30.1

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 EBITDA 3Q11 3Q11* Net Earnings 4Q11 1Q12 2Q12 3Q12 ROIC 3Q12* 4Q12 Net Revenue EBITDA Margin

0%

4Q12/4Q11
4Q12/3Q12*

+27.5%|
+11.1%

+20.0%
+1.4%

+41.0%
+19.9%

- 234 bps
- 354 bps

+27 bps
+3 bps

* Excluding the negative impact of R$ 9.1 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in the amount of R$ 6.8 million in 3Q12 1 ROIC: Return on Invested Capital. Until 4Q10, ROIC was calculated considering the effective income tax rate for the period, while in 1Q11 onwards ROIC was calculated considering a theoretical 30% income tax rate.

39

Capturing opportunities maintaining the commitment to low leverage

2.5

Net Debt/LTM EBITDA

2.0

1.9x

1.9x 1.7x 1.5x

1.5

1.3x 1.2x
1.0

1.2x

1.0x 0.7x 0.7x 0.8x

Target = 1.0x

0.5

0.0

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

40

Agenda

Executive Summary Mills business segments

Financial performance

Growth plan

41

We plan to invest R$ 296 million in organic growth in 2013

Capex
in R$ million

450 400 350

430 18 349 15 163

2013 Capex (%)

298 296

300
161

21 17 161 6

Rental

42%

250 200

124

Industrial Services

25

2%

150
104

185 5 60 112

100 50 0
2010 2011

Jahu - Residential and Commercial

38%

74 47

51 2012

54 2013 Budget

Heavy Construction

18%

42

We are present in 14 states of Brazil with 46 branches

Branch locations
As of December 28, 2012

Roraima

Amap

Amazonas Par Maranho Cear Rio Grande do Norte Paraiba Piaui Acre Tocantins Rondnia Mato Grosso Distrito Federal Bahia Sergipe Pernambuco Alagoas

Heavy Construction Jahu Industrial Services Rental

Mato Grosso do Sul So Paulo Espirito Santo Goias Minas Gerais

States with Mills Presence

Parana

Rio de Janeiro

(sede)

Santa Catarina

Rio Grande do Sul

43

Mills Investor Relations Tel.: + 55 21 2123-3700 E-mail: ri@mills.com.br www.mills.com.br/ri