3Q15 RESULTS

2015: Adjustments implemented and recovery of margins

• Net Revenues: R$202.8 million, down 20.3% against the same period of the previous year (R$254.3 million). The main reason behind this fall in Net Revenues was the slower pace of release of federal financial resources raised by Kepler Weber’s clients, which delayed the delivery of equipment and billing (conversion of the order portfolio into net revenues).

• Gross Profit: R$37 million, down by 45.8%, particularly due to delayed billings and assembly costs.

• Net Income: R$6.7 million as a result of lower revenues, lower rates of conversion of the order portfolio, and the adjustments made to recover the Company’s profitability.

• EBITDA: R$22.5 million, with a margin of 11.1%

• Net Debt: negative by R$6.8 million at the end of the quarter (R$72.2 million negative at the end of 2014)

2

35,682

202,261

-101,175 (-36%)

3Q15

178,720

1,250 16,387 35,593

125,490

3Q14

279,896

32,249

9,704

Exports 0% Bulk Handling -96%

Parts and Services +69% Storage -38%

YTD14

881,117

77,344

25,391 83,070

695,312

-233,504 (-27%)

YTD15

647,613

108,054 36,165

67,610

435,785

Exports -19% Bulk Handling +40%

Parts and Services +42% Storage -37%

3

Sales – R$ Thousand

25,439

-26,611 (-41%)

-11,530 (-45%)

YTD15

38,326

YTD14

13,909

3Q14

64,937

3Q15

225,548

+70,034 (+31%)

SEP/15

295,582

DEC/14

29,668

-11,269 (-38%)

YTD15

48,226

YTD14

74,790

3Q15

18,399

3Q14

-26,565 (-36%)

-51,583 (-20%)

-172,107 (-26%)

YTD15

482,194

YTD14

654,301

3Q15

202,765

3Q14

254,348

4

PRODUCTION –TONS. OUTPUT –TONS.

BACK LOG – R$ Thousand NET REVENUE – R$ Thousand

-109,235 (-65%)

-31,321 (-46%)

9M15

58,751

12%

9M14

167,986

26%

3T15

37,000

18%

3T14

68,321

27%

5

GROSS PROFIT (R$ Thousand)

GROSS MARGIN (%)

-35,864 (-61%)

-122,812 (-89%)

14,986

3%

YTD14

137,798

21%

3Q15

22,493

11%

3Q14

58,357

23%

YTD15

EBITDA

6

EBITDA (R$ Thousand)

EBITDA MARGIN (%)

Net Income (R$ thousands) 3T15 3T14 Δ% 9M15 9M14 Δ%

Income (Loss) for the Period 6,743 34,247 -80.3% (6,890) 83,088 -108.3%

(+) Provision for Income and Social Contribution Taxes - Current and Deferred3,723 13,322 -72.1% (4,584) 33,629 -113.6%

(-) Financial Revenues (6,342) (7,410) -14.4% (17,936) (19,653) -8.7%

(+) Financial Expenses 12,654 13,707 -7.7% 27,584 28,087 -1.8%

(+) Depreciation and Amortization 5,715 4,491 +27.3% 16,812 12,647 +32.9%

EBITDA 22,493 58,357 -61.5% 14,986 137,798 -89.1%

3Q15 3Q14 Δ% YTD15 YTD14 Δ%

+65,465 (-91%)

3T15

-6,751

2014

-72,216

-6,751

3Q15 Disponib.

57,375

Longo Prazo

-6,730

Curto Prazo

14,820

2014

-72,216

7

3Q15 2014

INDEBTEDNESS

8

116,717

18%

3Q15

10,466

5%

3Q14

47,569

19%

-128,191 (-109.8%)

-37,103 (-78%)

YTD15

-11,474

-2%

YTD14

-6,890

-89,978 (-108.3%)

-27,504 (-80%)

YTD15

-1%

YTD14

83,088

13%

3Q15

6,743

3%

3Q14

34,247

13%

NET PROFIT IN THE PERIOD (R$ Thousand)

% OF NET REVENUE EARNINGS BEFORE INCOME TAX AND SOCIAL

CONTRIBUTION ON NET INCOME (R$ Thousand)

% OF NET REVENUE

9

Ownership Breakdown

Geração Futuro Corretora de Valores

8.58%

8.45%

Victoire Brasil Investimentos Adm. RecursosFernando Francisco Brochado Heller

Banco Clássico

9.94%13.00%

Banco do Brasil Investimentos17.45%

Previ

17.48%Other Minority

25.10%

Total Shareholding Structure

09/30/2015

10

Appendix

11

RESULTS

CONSOLIDATED STATEMENTS OF INCOME 3Q15

Vertical

Analysis

3Q15

3Q14

Vertical

Analysis

2Q15

Horizontal

Analysis

2Q15 vs.

2Q14

NET OPERATING REVENUES 202,765 100.00% 254,348 100.00% -20.28%

COST OF PRODUCTS SOLD (165,765) -81.75% (186,027) -73.14% -10.89%

GROSS PROFIT 37,000 18.25% 68,321 26.86% -45.84%

Selling expenses (10,282) -5.07% (10,782) -4.24% -4.64%

General and administrative expenses (13,622) -6.72% (12,974) -5.10% 4.99%

Other operating revenues 7,207 3.55% 11,303 4.44% -36.24%

Other operating expenses (3,525) -1.74% (2,002) -0.78% 76.07%

OPERATING INCOME 16,778 8.27% 53,866 21.18% -68.85%

Financial expenses (12,654) -6.24% (13,707) -5.39% -7.68%

Financial revenues 6,342 3.13% 7,410 2.92% -14.41%

INCOME BEFORE INCOME AND SOCIAL CONTRIBUTION TAXES 10,466 5.16% 47,569 18.70% -78.00%-

Current income and social contribution taxes (478) -0.24% (9,418) -3.70% -94.92%

Deferred income and social contribution taxes (3,245) -1.60% (3,904) -1.53% -16.88%

INCOME AND SOCIAL CONTRIBUTION TAXES (3,723) -1.84% (13,322) -5.24% -72.05%

NET INCOME FOR THE PERIOD 6,743 3.33% 34,247 13.46% -80.31%- -

(In thousands of Reais, except percentages)

12

RESULTS - ACCUMULATED

CONSOLIDATED STATEMENTS OF INCOME -

ACCUMULATED YTD 2015

Vertical

Analysis

YTD15

YTD 2014

Vertical

Analysis

YTD14

Horizontal

Analysis

YTD15 vs

YTD14

(In thousands of reais, except percentages)

NET OPERATING REVENUES 482,194 100.00% 654,301 100.00% -26.30%

COST OF PRODUCTS SOLD (423,443) -87.82% (486,315) -74.33% -12.93%

GROSS PROFIT 58,751 12.18% 167,986 25.67% -65.03%

Selling expenses (29,234) -6.06% (27,989) -4.28% 4.45%

General and administrative expenses (39,348) -8.16% (33,215) -5.08% 18.46%

Other operating revenues 14,677 3.04% 25,940 3.96% -43.42%

Other operating expenses (6,672) -1.38% (7,571) -1.16% -11.87%

OPERATING INCOME (1,826) -0.38% 125,151 19.13% -101.46%

Financial expenses (27,584) -5.72% (28,087) -4.29% -1.79%

Financial revenues 17,936 3.72% 19,653 3.00% -8.74%

INCOME BEFORE INCOME AND SOCIAL CONTRIBUTION TAXES(11,474) -2.38% 116,717 17.83% -109.83%-

Current income and social contribution taxes (535) -0.11% (23,545) -3.60% -97.73%

Deferred income and social contribution taxes 5,119 1.06% (10,084) -1.54% -150.76%

INCOME AND SOCIAL CONTRIBUTION TAXES 4,584 0.95% (33,629) -5.14% -113.63%

NET INCOME FOR THE PERIOD (6,890) -1.43% 83,088 12.69% -108.29%19,476 -

13

Balance sheet - Assets

14

Balance sheet - Liabilities

Olivier Michel Colas Felipe Fontes

Vice-President Executive Officer IR Analyst

THANK YOU !

Tel.: +55 (11) 4873-0302

E-mail: ri.kepler@kepler.com.br

Website: www.kepler.com.br/ri

Investor Relations