MPX CORPORATE PRESENTATION

The material that follows is a presentation of general background information about MPX Energia S.A. and its subsidiaries (collectively, “MPX” or the “Company”) as of the date of the presentation. It is information in summary form and does not purport to be complete. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of this information.

This presentation may contain certain forward-looking statements and information relating to MPX that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “may”, “plan”, “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Company, any of its affiliates, directors, officers, agents or employees nor any of the placement agents shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages.

This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities.

Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever.

Recipients of this presentation are not to construe the contents of this summary as legal, tax or investment advice and recipients should consult their own advisors in this regard.

The market and competitive position data, including market forecasts, used throughout this presentation were obtained from internal surveys, market research, publicly available information and industry publications. Although we have no reason to believe that any of this information or these reports are inaccurate in any material respect, we have not independently verified the competitive position, market share, market size, market growth or other data provided by third parties or by industry or other publications. MPX, the placement agents and the underwriters do not make any representation as to the accuracy of such information.

This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without MPX’s prior written consent.

DISCLAIMER

2

MPX AT A GLANCE

1

A PROVEN RECORD OF ACHIEVEMENT

4

IPO: US$ 1.1

billion raised

1,080 MW

contracted in the

A-5 Auction

2007 First acquisition of

mining rights in

Colombia

365 MW contracted in

the A-5 Auction

Construction works at

TPP Pecém I begin

2008 Construction works

at TPPs Itaqui and

Pecém II begin

Acquisition of

interest in 7 onshore

exploratory blocks in

the Parnaíba basin

2009

MPX Colombia – 1st

Technical Report:

coal resources of

144 MM tons

License granted for

TPP Parnaiba

(1,863 MW)

Initiation of drilling

campaign in the

Parnaíba basin

2010

TPP Parnaíba licensed

capacity increased to

3,722 MW

Power supply

contracts secured for

1,193 MW and

construction works at

TPP Parnaíba begin

D&M estimates for

risked resources in the

Parnaíba basin

amount to over 11Tcf

Declaration of

commerciality for 2

gas fields with

estimated production

of 6 MM m3/day

2011 MPX/E.ON

partnership

Drawdown of bridge-

loans totaling R$ 1.6

billion for natural gas

production and

power generation in

the Parnaíba Basin

Spin-off of

Colombian coal

assets to a new

company listed at

the BM&FBOVESPA

Acquisition of

Greenfield Wind

Projects in Northeast

Brazil (600 MW)

2012

4

The First Five Years

Power Generation

Power agreements secured for 3.0 GW

Environmental license for an additional 10 GW

Joint-Venture with leading global player E.ON AG

Natural Resources

Natural Gas: >11 Tcf of risked resources in the Parnaiba Basin

5

JV

MPX

Amapari Energia23 MW

Itaqui TPP360 MW

Parnaíba TPP1.531 MW

Exploratory blocks11,3 Tcf GN

Parnaíba TPP2.191 MW

Seival mine

Seival TPP600 MW

Sul TPP 727 MW

Açu TPP2,100 MW – Coal3,300 MW – Natural Gas

Castilla TPP2.100 MW

Desalination Plant

740 l/s

Largest Portfolio Of Integrated Projects In South America

A DIVERSIFIED ENERGY COMPANY

Pecém I720 MW

Pecém II 365 MW

Solar Tauá1 MW

Ventos Wind Complex600 MW + 600 MW

MPX OWNERSHIP STRUCTURE

EIKE BATISTA

Free Float

Contracted Power

Generation

Natural Resources

100% 100%

50%

Energia Pecém (360 MW)Pecém II (365 MW)Itaqui (360 MW)Parnaíba TPP (1,087 MW)Amapari (12 MW)

Seival

OGX Maranhão

MPX- E.ON JV50/50

53.9% 11.7%34.3%

Parnaíba TPP (1,534 MW) Açu – Natural Gas (3,300 MW)Açu – Coal (2,100 MW)Castilla - Coal (2,100 MW)Sul and Seival - Coal (1,327 MW)

Greenfield Thermal

Generation

50% 50%

50%

Supply & Trading

Renewables New Projects

100%

Tauá Solar(5 MW)Greenfield Wind Developments (600 MW)

6

EXPERIENCED MANAGEMENT TEAM TO EXECUTE ON

STRATEGIC VISION

Partner at Villemor Amaral Advogados (2002-2004) and Tozzini, Freire & Silva Advogados (2001-2002)

General Counsel at MMX Mineração e Metálicos S.A.

Legal Director at General Motors Corp. in Lisbon and Delphi Automotive Systems

Marcus Bernd Temke COO

Over 20 years of experience in operations at multinational corporations

COO at Rio Polímeros S.A.

Holds an MBA from COPPEAD-UFRJ

Over 25 years of experience in the financial area at multinational corporations

CFO at MMX Mineração e Metálicos S.A.

CFO at Unisys in Brazil and Germany

Eduardo KarrerCEO & IRO

Over 22 years of experience in a wide range of M&A and corporate finance transactions related to the natural resources, electricity, sanitation and logistics sectors

CEO at El Paso Brasil Ltda.and Rio Polímeros S.A..

Executive manager for the Gas&Energy and International Markets divisions at Petrobrás

Rudolph IhnsCFO

Xisto Vieira FilhoOfficer for Regulatory Affairs & Commercialization

Former National Secretary for Energy

Coordinator of the Subcommittees for Electricity Studies of the Interconnected System and Secretary of National Energy Policy Committee of Brazil

Chairman of the Board of Directors of CHESF and Eletrosul and Board member of Eletrobrás, Furnas, Cepel and Grupo Rede

Former president of the National Committee of Cigré (Conference Internationale des Grand Réseaux Électriques)

Bruno ChevalierGeneral Counsel

7

INVESTMENT CONSIDERATIONS

2

Exposure to Brazil’s growing energy demand

Tax-advantaged thermal power plants coming on-line in 2012

Attractive monetization of natural gas resources

Robust pipeline of thermal projects to meet Brazil’s need for a more reliable

electric system

Joint-venture with E.ON to develop strong portfolio of energy assets while

unlocking value of Colombian coal assets

Experienced management team to execute on strategic vision

INVESTMENT CONSIDERATIONS

9

EXPOSURE TO BRAZIL’S GROWING ENERGY DEMAND

3

Energy Deficit starting in 2015 = Investment Opportunities

BRAZIL WILL NEED ADDITIONAL 10 AVG GW FROM

2015-2019Power Supply/Demand

Source: ANEEL 11

2015-on: new generation required10 GW avg required from 2015 to 2019

Firm Energy

Energy Load (forecast)

Water storage capacity has stagnated, leading to decreased system autonomy

BRAZIL NEEDS NEW THERMAL CAPACITY TO

INCREASE SUPPLY RELIABILITY

12Source: ONS

Storage Capacity (Southeast)

Storage Capacity (SIN):

Autonomy = [Storage Capacity / (Load – Thermal Generation)]

New thermal plants are necessary to guarantee a reliable power supply.

Northeast = 19%

North = 5%

Storage capacity

stagnation

Southeast = 69%

South = 7%

2001: Energy Deficit(load reduction)1

Actual Reservoir Autonomy: ~ 5 months

Transmission expansion delays will affect reliability of energy supply: greater need for thermal plantes located close to power consumption centers

TRANSMISSION DELAYS REINFORCE THE IMPORTANCE

OF THERMAL PLANTS

13Source: ANEEL

Average delay = 1.2 year103 delays of up to 1 year100 delays greater than 1 year

TAX-ADVANTAGED THERMAL POWER PLANTS COMING ON-LINE STARTING IN 2012

4

POWER AGREEMENTS SECURED FOR 3.0 GWMinimum guaranteed revenues will reach R$ 1.4 billion in 2015

15

TOTAL CAPACITY

(MW)

ADJUSTED CAPACITY

(MW)

ENERGY SOLD (AVG MW)

ANNUAL CAPACITY PAYMENT3 FUEL SOURCE

PPA PERIOD

Pecém I 720 360 615 R$ 278 million Coal 2012-2027

Itaqui 360 360 315 R$ 294 million Coal 2012-2027

Pecém II 365 365 276 R$ 264 million Coal 2013-2028

Parnaíba I 676 473 450 R$ 289 million Natural Gas 2013-2028

Parnaíba II 517 362 450 R$ 242 million Natural Gas 2014-2034

Parnaíba (Free Market) 338 237 200 R$ 188 million Natural Gas 2019-2029

Total 2,976 2,157 2,306 R$ 1,555 million

Adjusted Capacity/Annual Capacity Payment: Figures adjusted for MPX’s ownership in each project

Notes: 1. Pecém I is a partnership between MPX (50%) and EDP Brasil (50%); 2. Parnaíba is a partnership between MPX (70%) and Petra (30%); 3. Capacity Payments are escalated

annually by the IPCA inflation index (Figures as of June, 2012). 4. Total Capacity: Does not include Amapari TPP and Taua Solar Plant.

STEADY AND PREDICTABLE CASH FLOWS

16

Minimum Guaranteed Gross Revenues3 (MM)Installed Capacity (MW)

2012 2013 2014

720

1,558

1,920

Pecém I1

Itaqui

Pecém II

Parnaíba2 I

Parnaíba2 II

Figures adjusted considering MPX’s interest in each project

Notes: 1. Pecém I is a partnership between MPX (50%) and EDP (50%); 2. Parnaíba I & II are partnerships between MPX (70%) and Petra (30%); 3. Capacity Payments are escalated annually by

the IPCA inflation index (Figures as June, 2012); 4. EBITDA assuming no dispatch; it is no including the participation interest in gas onshore blocks in the Parnaíba Basin.

2012 2013 2014 2015

88

730 817 819 155

1,125

1,3051,367

EBITDA Minimum Guaranteed Gross Revenues

COAL POWER PLANTS5

TAKEOVER OF CONSTRUCTION WORKS

In July 2012, MPX and EDP announced the joint acquisition of MABE, the EPC consortium formed by

Tecnimont and Efacec to build the Pecém and Itaqui TPPs

As part of the agreement:

Tecnimont and Efacec injected R$421MM at MABE, relinquished the R$185MM cash

retention withheld by the projects and paid in full all liabilities preceding Apr 30, 2012

Performance guarantees remained unchanged

Contractor pending claims and legal actions were eliminated

PECÉM I PECÉM II ITAQUI TOTAL

Cash injection at MABE 196 110 115 421

Cash retention relinquished 100 47 38 185

Performance guarantees 200 104 107 411

Guarantees for claims and contingencies 83 42 41 166

18

More effective management of Pecém and Itaqui TPPs

Pecém I: Unit #1Repair turbine rotor bearings and machine turbine rotor journals. Restart unit –> first synchronization –> electrical load tests –> DCO.

 Itaqui

Steam blowing –> reinstatement –> by-pass operation –> steam to turbine –> electrical tests –> first synchronization –> electrical load tests –> DCO.

Pecém I: Unit #2Cold commissioning –> first fire –> steam blowing –> reinstatement –> by-pass operation –> steam to turbine –> electrical tests –> first synchronization –> electrical load tests –> DCO.

  Pecém II

Construction completion –> cold commissioning –> first fire –> steam blowing –> reinstatement –> by-pass operation –> steam to turbine –> electrical tests –> first synchronization –> electrical load tests –> DCO.

MILESTONES LEADING TO COMMERCIAL OPERATIONS

19

Coal Plants Under Construction

3Q12 4Q12 1Q13

360

1,080

1,445

360

360

365

Pecém I #1 Pecém I #2Itaqui Pecém II

Capacity Ramp-up (MW)

Overview

PECÉM I & II

20

21

Overview

PECÉM I & II

21

ITAQUIOverview

22

ITAQUIITAQUIOverview

23

GAS POWER PLANTS AND TREATMENT UNIT

6

TPP PARNAÍBA I (676 MW) & II (517 MW)Execution highlights

EPC contracts with Duro Felguera (Parnaíba I)

and Initec Energia (Parnaíba II)

Partnership with GE ensures timely equipment

supply

Electromechanical construction of 5 out of the

7 gas turbines completed

5 turbines on-site and 2 additional (Parnaíba II)

to be shipped to Brazil by the end of 3Q12

R$ 1,375 million in bridge-loans disbursed to

fund Parnaía I & II.

25

MPX OWNS 23% OF A UNIQUE ONSHORE NATURAL

GAS PORTFOLIOOwnership Structure:

2 commercial production fields under development: Gavião Real and Gavião Azul

Prospective risked resources surpass 11 Tcf (2.0 bi boe)

5 drill-rigs in operation

3 seismic crews in the region

Exploratory campaign has identified 4 accumulations and over 20

prospects

Drill-stem test in well OGX-88 (Bom Jesus) concluded with 36

meters of net pay, supporting future development

26

OGX MaranhãoBlocks

Total area:24,500 km²

On schedule to start production at Gavião Real in Jan, 2013 Estimated capacity in 2013: 6 MM m³/day

(212 MM ft³) 15 production wells already drilled Commissioning of Gas Treatment Unit

expected in 4Q12

Competitive costs: Average operating cost: US$ 0.30/1,000ft³

R$ 600 million bridge-loan to fund production development disbursed in January 2012

GAS PRODUCTION IS PLANNED TO START IN 2H12Initial production of 6 MM m3/day will supply Parnaíba I & II TPPs

27

Thermal power plant located at < 2km from gas fields 2.2 GW licensed and still

uncontracted could demand further 11 MM m3/day

Inexpensive connection to the electrical grid

Limited competition in natural gas

Tax-advantaged region can attract industrial investments with gas is available

ATTRACTIVE OPPORTUNITIES TO MONETIZE

ADDITIONAL PRODUCTIONEfficient Integration of Natural Gas Resources with Energy Production

28

JOINT-VENTURE WITH E.ON TO DEVELOP ROBUST PIPELINE OF THERMAL PROJECTS

7

MPX and E.ON AG* recently formed a 50/50 joint-venture to develop a strong portfolio of energy

assets in Brazil and Chile

E.ON has committed to support MPX’s investment needs at the JV, at E.ON’s cost of equity in

Brazil, to expedite the development of the power generation projects of the JV

MPX raised R$1.0 billion through a capital increase E.ON acquired a 11.7% equity interest in MPX

E.ON’s participation in MPX shall be adjusted according to put/call option arrangements between Mr.

Eike Batista and E.ON to reach 10%

CREATING VALUE THROUGH JOINT-VENTURE WITH

E.ONLeveraging Strong Complementary Capabilities to Enhance Growth

30

(*) E.ON has one of the broadest and most diverse power and gas asset bases in Europe.

Installed Capacity: 69 GW

2011 Traded Volumes: 2,000 billion kWh of power / 2,500 billion kWh of gas / 600 million tons of carbon / 300 million tons of coal

2011 Figures : Cash Position: EUR 6,610 million / Total assets: EUR 152,872 million / Sales: EUR 112,954 million

MPX E.ON JOINT VENTURE

31

50%

MPX- E.ON JV50/50

Greenfield Thermal

Generation

50%

Supply & Trading

Renewables New Projects

10 GW in greenfield licensed thermal capacity

50% 100% 100% 100%

600 MW in greenfield wind developments

FUTURE GROWTH OPPORTUNITIESMPX is positioned for leadership in the Brazilian energy market

CURRENT THERMAL PIPELINE

TOTAL CAPACITY

(MW)FUEL SOURCE

Ventos1 600 Wind

Parnaíba2 2,191 Natural Gas

Açu 3,300 Natural Gas

Açu 2,100 Coal

Sul and Seival 1,327 Coal

Castilla (Chile) 3 2,100 Coal

Total 11,618

321 MPX has call option on additional 600 MW; 2 Parnaíba - partnership between MPX (70%) and Petra (30%); 3 In August 2012, Chilean Supreme Court Decision Cancels the Castilla Project Environmental Permit

João Câmara

RN

VENTOS: A 600 MW WIND COMPLEX IN ONE OF

BRAZIL’S BEST WIND RESOURCE AREAS

Total Capacity: 600 MW + call option on

additional 600 MW

Estimated Load Factor: 48% (P50)

Location: Rio Grande do Norte, NE Brazil

Grid connection 30km from Complex

All land rights secured

158.7 MW registered for 2012 energy auctions

Environmental license granted

High-quality greenfield assets in northeast Brazil

33

AÇU: A 5.4 GW GREENFIELD GENERATION COMPLEX3.3 GW in gas-fired + 2.1 GW in coal-fired capacity located in Brazil’s load center

Located in one of the most important port-industrial complex in Latin America

Total capacity of 5,400 MW Coal: 2,100 MW

Natural Gas: 3,300 MW

Located 150km from natural gas

accumulations discovered in the Campos Basin

The industries located within the Superport will

benefit from auto production sharing, which at

current prices represents a reduction in energy

costs by approximately 30%34

MPX Sul and MPX Seival: Capacity: 727 MW + 600 MW

Fluidized Coal Bed technology

Lower emissions resulting from the mix burning of coal and wood chips

Seival Mine: Partnership between MPX and Copelmi –

one of Brazil’s largest coal miner

Operating License granted

152 MM tons in proven reserves and 459 MM tons in total resources

Located in a region with limited hydro potential and transmission constraints.

SUL + SEIVAL: 1.3 GW INTEGRATED TO A LIGNITE

MINE Open-pit mine with low mining costs, located adjacent to the power plants, resulting in competitive fuel costs

35

Integrated Project: Power Plant + Deep-Water Port + Desalination Plant

SIC: Central Interconnected System (90% of GDP & 92% of population)

Located 700 Km North of Santiago

Power plant capacity: 6 x 350 MW = 2,100 MW

Desalination plant capacity: 740 l/s

CASTILLA: 2.1 GW IN COAL-FIRED CAPACITY IN

CHILEStrategically located in a region with significant pent-up demand for energy and water

36

FINANCIAL HIGHLIGHTS

8

CONSOLIDATED CASH POSITION

38

Consolidated Cash & Cash Equivalents

 * cash withheld by projects transferred to JV (50%) and CCX (100%)

1,325.1

78.8 78.9

686.4

151.9

445.0

610.9 394.5

178.0 14.8

1,113.3

Debt Maturity Profile*

(R$ million)

CONSOLIDATED DEBT

39

Total Consolidated Gross Debt: R$ 5,103.8 million

Short term: R$ 1,662.2 million

R$ 825 million bridge loan to Parnaíba I and R$ 325 million to

Paraníba II => to be paid-off with draw down from long-term financing

expected in 2H2012

With the conclusion of CCX’s spin-off, a balance of R$ 422.5 million in

short-term debt was transferred to CCX

Long term: R$ 3,441.6 million

Average amortization: 14 years

Average cost of debt: 9.4%

Average tenure: 5.6 years

Debt (R$ million)

*Values incorporate principal + capitalized interest + charges and exclude outstanding convertible debentures. ** R$ 258.7 million in 2012 and R$ 1,168.4 million in 2013 of bridge loan to Parnaíba, to be paid-off with draw down from long-term financing expected for 2H12.

Cash & Cash Equivalents

2012 2013** 2014 2015 From 2016 on

1,113.2

541.9

1,288.8

262.0 228.5

2,803.7

For more information, contact:Investor Relations (55 21) 2555-9215

ri.mpx@mpx.com.br