Presentation of 4Q12 Results

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 Comissão de Valores Mobiliários (CVM).”

2

Agenda

4Q12 and 2012 Results

Growth plan

3

4Q12 Highlights

4 1 ROIC: Return on Invested Capital

4Q12/4Q11 +27.5% +20.0% - 234 bps

154.2 145.0

164.0175.1 175.1

193.5 199.1211.1

222.2 222.2

246.8

45.4 52.8 58.0

50.859.9

76.486.2 84.4

96.1 90.4 91.7

30.1 22.2 22.6 17.8 23.8 29.5 32.7 39.2 38.0 34.7 41.6

29.4%

36.4% 35.4%

29.0%34.2%

39.5%

43.3%

40.0%

43.2%40.7%

37.1%

18.8%13.8%

12.7%

8.6%11.1%

14.2% 15.1%13.6%

15.8%14.5%

14.5%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

-

50.0

100.0

150.0

200.0

250.0

300.0

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

Net Revenues EBITDA Net Income EBIDA Margin ROIC¹

+27 bps +41.0%

4Q12/3Q12* +11.1% +1.4% - 354 bps + 3 bps +19.9%

In R$ million

* 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

New

Records

Despite the weak performance of the Brazilian economy in 2012, we achieved strong growth

as shown in our key financial indicators

5

2012

Expected

2012

Actual

Brazil GDP 3.84%1 0.90%²

Civil Construction

GDP 5.00%³ 1.40%²

Industrial GDP 3.70%3 -0.80%²

PAC Investments R$ 74 bi R$ 39 bi

(-47%)

Residential

launches4 -22.7% -49.6%5

1 Focus Report, January 4, 2013. 2 IBGE

3 Bacen, Inflation Report, December 2012. 4 8 listed companies: PDG, Cyrela, Rossi, Brookfield, Eztec, Tecnisa, Trisul, Gafisa. 5 For the first nine months of 2012, compared to the first nine months of 2011

29.8%

50.5%

64.4%

0%

10%

20%

30%

40%

50%

60%

70%

Revenue EBITDA Net earnings

2012/2011 Growth (%)

Economic indexes Mills Financial Indicators

Net revenues reached R$ 246.8 million in 4Q12

6

34.2 31.8

30.6 33.2 33.2

36.1

39.341.9

45.5 45.547.3

13.3 15.6

14.1

8.6

14.4

19.5 18.921.2

24.122.8

20.2

38.8%

48.9%46.2%

26.0%

43.5%

54.0%

48.0%50.6%

52.9%50.2% 42.7%

18.8%

14.4%12.1%

4.5%

12.0%

17.5% 16.6% 17.8%19.7%

18.3%

14.8%

0%

10%

20%

30%

40%

50%

60%

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

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

Net Revenue EBITDA EBITDA Margin ROIC¹

Heavy Construction – Financial performance

1 ROIC: Return on Invested Capital 7

+31.2% +3.6% - 1,130 bps - 270 bps

+3.9% - 11.6% - 750 bps - 350 bps

In R$ million

4Q12/4Q11

4Q12/3Q12*

* 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

8

Heavy Construction – 2012 Highlights

Source: Mills

32.2%

45.9%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Revenue EBITDA

2012/2011 Growth (%)

Financial Indicators – Heavy Construction

Alumills

Modular System

9

• Belo Monte hydroelectric

powerplant

• Monorail line Gold

• Subway line 5 – SP

• Subway line 4 – RJ

• Açu port

• Verdão stadium

• Light rail Cuiabá

• Norte-Sul railway

• New phases of Ponta da Madeira

port

• Jirau, Colíder and Teles Pires

hydroelectric powerplants

• Abreu e Lima refinery

• Paranaenses arena

• Monorail line Silver - SP

• Transordestina railway

• BR-448

• Comperj refinery

• Manaus airport

• BRT Transcarioca

• Porto Maravilha

• Aratu Port

• Metropolitan arch – RJ

• Carajás railway

• BRT Belém

• Subway line 2 - SP

• Maracanã stadium

• Mané Garrincha stadium

• Sudeste port

• Ponta da Madeira port

• Serra Leste mine

• Viracopos airport

• Brasília airport

• Surroundings of the Maracanã stadium

• Surroundings of the Corinthians Arena

• Bridge over the Araguaia River

• Expansion of Carajás mine

• Paraguaçu shipyard

• 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

Important contracts per stage in the evolution of monthly revenue from the heavy

construction projects

New

contracts*

Contracts with

growing volume of

equipment

Contracts with high

volume of equipment

Contracts in the

demobilization process

Source: Mills

Time

Re

ve

nu

e In

de

x

(B

asis

10

0=

Ma

xim

um

mo

nth

ly r

eve

nu

e in

th

e life

of co

nstr

uctio

n)

New

contracts*

The construction work related to World Cup and Olympic events represented 22%

of Heavy Construction’ 4Q12 revenue

10 Source: Mills

4Q12 Revenue R$ 47.3 million

World Cup and Olympics

22%

Industry 25%

Infrastructure 39%

Others 14%

32.8 29.2

34.7

39.4

52.46 52.5

58.960.5 60.5

66.0

11.6 12.3 13.5

16.4

23.926.3

27.2

33.8

29.426.1

35.5%

42.0%

38.8%

41.6%

45.5%50.1% 46.1%

55.9%

48.6%

39.6%

22.3%

15.2%

13.0%12.5%

16.3%15.6% 14.8%

20.2%

16.9%

12.6%

0%

10%

20%

30%

40%

50%

60%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

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

Net Revenue EBITDA EBITDA Margin ROIC¹

Jahu – Residential and Commercial Construction – Financial performance

11

+25.9% +9.5% - 590 bps -370 bps

+9.1% - 11.2% - 900 bps - 430 bps

In R$ million

4Q12/4Q11

4Q12/3Q12*

* Excluding the positive effect of R$ 5.3 million of tax contingency reversal in 3Q12 1 ROIC: Return on Invested Capital

12

Jahu –2012 Highlights

52.8%

71.9%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Revenue EBITDA

2012/2011 Growth (%)

Financial Indicators - Jahu

Mills Deck Light Alumills

Mast climbing platform SL-2000

13

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

3%

97%

2010/11

15%

85%

2012/13

40%

60%

2014/15

30,000 HU 150,000 HU 400,000 HU

Concrete wall construction Construction using other systems

Source: Criative

Industrial Services – Financial performance

14 1 ROIC: Return On Invested Capital

+18.2% +259.6% +950 bps +1,450 bps

+21.5% +7,268.7% +1,400 bps +1,950 bps

In R$ million

4Q12/4Q11

4Q12/3Q12

56.4

50.2

57.5 56.9

50.2 50.9

54.8

48.8

59.3

5.8 6.1 8.1

4.12.3

6.2 4.7

0.1

8.4

10.3%

12.2% 14.2%

7.2%

4.7%

12.1%

8.5%

0.2%

14.2%14.8%

9.6%

14.2%

3.2%

-1.2%

7.5%

3.9%

-6.2%

13.3%

-10%

-5%

0%

5%

10%

15%

20%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

Net Revenue EBITDA EBITDA Margin ROIC¹

Industrial Services –2012 Highlights

15

-0.5%-6.4%

-40%

-30%

-20%

-10%

0%

Revenue EBITDA

2012/2011 Growth (%)

Financial Indicators – Industrial Services

Congratulations to all Mills’ employees for

1,000 (one thousand) days without

accidents aboard the platform P-23. Such

an accomplishment would never have been

achieved without the experience and

commitment to safety of professionals on

board.

Oil and Gas contracts represented 33% of net revenue in 4Q12

16

Per type Per industry

4Q12 Revenue R$ 59.3 million

30.8 33.7

41.2

45.6 45.6

54.9 56.5 55.4

67.4

74.2

14.7 18.9

22.3 21.725.0

30.7

34.931.4

38.0 36.9

47.6%

56.0%54.1%

47.6%

54.8% 56.0%

61.8%

56.6%

56.5% 49.8%

18.7%

17.3%17.1%

12.9%

16.0%18.6%

20.3%

16.3% 16.3% 16.9%

0%

10%

20%

30%

40%

50%

60%

70%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

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

Net Revenue EBITDA EBITDA Margin ROIC¹

Rental – Financial Performance

17

+35.3% +20.2% - 620 bps - 170 bps

+ 10.2% -2.9% - 670 bps + 60 bps

In R$ million

4Q12/4Q11

4Q12/3Q12

* Excluding the negative effect of R$ 3.3 million of Allowance for Doubtful Debt (ADD) in 3Q11

1 ROIC: Return on Invested Capital

18

Rental –2012 Highlights

44.5%

50.8%

41%

42%

43%

44%

45%

46%

47%

48%

49%

50%

51%

52%

Revenue EBITDA

2012/2011 Growth (%)

Financial Indicators - Rental ‘Best Access Company of the Year’ at IAPA Awards

Agenda

4Q12 and 2012 Results

Growth plan

19

20

We invested R$ 298 million in organic growth in 2012

2013 Capex

(%)

18%

38%

2%

42%

in R$ million

Capex

Presentation of 4Q12 Results

Mills – Investor Relations

Tel.: +55 (21) 2123-3700

E-mail: ri@mills.com.br

www.mills.com.br/ri