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2Q13 Earnings Release

Rio de Janeiro | August, 2013

DisclaimerThe 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.2

2Q13 Highlights & Subsequent Events

3

Financial & Operational Highlights:

Commercial gross generation capacity reached 1,779 MW;

Additional 1,114 MW currently under construction;

Generation net revenues amounted to R$ 508.6 million;

Production of natural gas in the Panaíba basin reached R$ 4.5 MMm3/day.

Changes in the Controlling Group:

E.ON increased its interest to 36.2% and joined Mr. Eike Batista in the Company’s controlling group

Mr. Eike Batista reduced his stake to 29% and resigned as member and Chairman of the Board

Share Capital Increase

4

MPX Shareholding Structure as of June 30, 2012

36.2% 29.0%

EIKE BATISTA

FREE FLOAT

34.8% ~38% ~24%

EIKE BATISTA

FREE FLOAT

~38%

MPX Indicative Shareholding Structure after the

Capital Increase

A R$ 800 million private capital increase was approved by the Board of Directors on July 03;

81,235,437 newly-issued common shares, equivalent to approximately R$ 524 million, were

subscribed and paid-in during the Initial Preemptive Right Period, which ended on Aug 8;

The First Additional Subscription Period begins on Aug 14 and will end on Aug 16.

Obs: Assuming no subscription by Eike Batista and R$ 366.7 million by E.ON

Revenues & Costs

5

1Q13 2Q13

196.1

395.1Net Operating Revenues (R$ MM)

101.5%

1Q13 2Q13

312.6

418.3

33.8%

Operating Costs (R$ MM)

Net Operating Revenues: + 101.5% vs. 1Q13 resulting from increased

commercial capacity

• Itaqui: The plant has stabilized during the quarter. In the beginning of April the

plant started being remunerated according to its total capacity.

• Parnaíba I: Achieved full commercial capacity in early April.

Operating Costs: + 33.8% vs. 1Q13

• Increased fuel costs resulting from full capacity operation of Parnaíba I

• Decreasing needs for energy acquisition

• Unavailability charges impacted by:

• In May, Itaqui stopped to adjust ventilation system (R$ 41.2 MM) and

Parnaíba I stopped to conduct repairs in the substation (R$ 19.6 MM)

• Operations have been stable in both plants since then

Operational Performance

6

Decreasing need to acquire energy to fulfill contractual obligations

In June, Pecém II had to purchase energy to ensure compliance with PPA. The plant has completed all

electrical tests required by ONS and commercial operation is now conditional to the availability of the

transmission system under construction by Chesf/TDG

Jan Feb Mar Apr May Jun0

100

200

300

400

500

600

700

800

900

Net Energy Produced (GWh) Energy sold (GWh)

2Q12 2Q13

48.3

42.0

Operating Expenses

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Operating Expenses: - 13.1% vs. 2Q12

Personnel: - 14.8%, mainly attributable to:

Optimization of administrative and operating teams (- R$ 0.4 million)

Reduction of personnel expenses resulting from the spin-off of the

Colombian mining assets (-R$ 2.9 million)

Outsourced Services: -8.2%, mainly attributable to :

Shared services in the holding company, resulting from the reduction

of EBX’s service structure (-R$ 4.4 million)

Increase in IT expenses (+R$ 2.7 million)

Leases and Rents: -37.0%, mainly attributable to reduced real estate

rental expenses at the holding level (-R$ 1.2 million)

Other Expenses: -31.3%, mainly attributable to a decrease in publicity

and advertising expenses at the holding level (-R$ 1.1 million)

Consolidated Operating Expenses (R$ MM)

- 13.1%

Consolidated EBITDA

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2Q13 Reported vs Adjusted EBITDA (R$ MM)

The Consolidated EBITDA does not include the Pecém I results.

-38.6

50.3

10.3

69.59.0

Adjusted EBITDA in 2Q13 would amount to R$

50.3 million, mainly due to:

• Elimination of net losses resulting from the

acquisition of energy to fulfill contractual

obligations

• Elimination of unavailability charges stemming

from maintenance stoppages

• Adjustment of diesel consumption so as to

eliminate increased start-up costs

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Debt

Consolidated gross debt profile (R$ million)

2,65146%3,082

54%

Short Term Long Term

2,651

1,121 1,530

Project Holding

Short Term Debt (R$ million)

100 350

Paid-off by capital increase

Project debentures

1,080

LT debentures at holding

Short Term Debt (2Q13):

R$ 1,121.5 million at project level:

• R$ 845.2 million refer to outstanding bridge-loans to Parnaíba

I & II power plants to be paid-off with draw down from long-

term financing.

• R$ 276.2 million refer to current portion of the project finance

debts of Pecém II, Itaqui and Parnaíba I

MPX holding plans to eliminate outstanding intercompany

loans with its subsidiaries through the issue of LT tax-

advantaged infrastructure debentures at project level with

subsequent use of funds to pay-off loans

The remaining short-term debt balance at the holding level will

be replaced by a long-term debenture, with an estimated 5 to

7-year maturity

Total: R$ 5,733 MM

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Cash Position

364.7

282.3 263.1

218.2

175.8237.4

64.26.4 20.0

149.5

Consolidated Cash (R$ million)

Cash position impacted by:

• Full commercial capacity reached in Parnaíba I and Itaqui, resulting in higher revenues

• Increased costs resulting from unavailability charges and acquisition of energy to fulfill

contractual obligations

• Increased debt service resulting from higher debt position

• Additional debt raised to meet working capital needs and capex requirements

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Installed Gross Generation Capacity and Status of Projects

under Construction (MW)

MPX’s power plants under construction: Pecém II, Parnaíba II, III and IV, totaling 1,114 MW of installed capacity:

• The implementation of Parnaíba II CCGT is underway according to schedule of PPA.

• Construction works at Parnaíba III have been completed and commissioning is expected to 3Q13, pending the

conclusion of the expansion of the capacity of the Gas Treatment Unit.

• Pecém II (365 MW): Commercial operation is now conditioned to the availability of the new 500kV

substation/transmission line under construction by Chesf/TDG

2Q13 Pecém II Parnaíba II Parnaíba III Parnaíba IV 2014

1,779

365

517 176 2,89356

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Ongoing Regulatory Issues

Discussions with ANEEL regarding hourly unavailability penalties vs 60-month moving average

unavailability criteria (ADOMP);

Discussions with ANEEL regarding pass-through criteria for energy acquired;

Possibility to increase firm energy of Pecém I and Itaqui by 10MW/each, reflecting contractual capacity of

360MW/each vs 350 MW registered in the energy auctions). New firm energy numbers should be

calculated by MME;

Request filed at ANEEL so that appropriate treatment is given to Pecém II as the MPX cannot be held liable

for delays in transmission systems for which it is not responsible.

EXPLORATION

In 2Q13, 5 new wells drilled by OGX, 3 of them are

wildcats*:

Fazenda Alencar prospect (OGX-112): 22 meters of net

pay of gas discovered

Fazenda Sossego prospect (OGX-114): 14 meters of net

pay of gas discovered

Fazenda Havana prospect (OGX-115): In progress

Additionally, 2 wildcat adjacent wells commenced to be

drilled:

SE Bom Jesus (OGX-111), adjacent to Bom Jesus (OGX-

88): 20 meters of net pay of gas discovered

NW Fazenda Chicote (OGX-113), adjacent to Fazenda

Chicote (OGX-107): Gas shows were found

*A wildcat well is the first well drilled on a new prospect. 13

Parnaíba Basin: Natural Gas E&P

GAS PRODUCTION AT GAVIÃO REAL

Natural gas production supplies Parnaíba I OCGT’s four

gas turbines

2Q13 Production Ramp-up

In May, average daily natural gas production decreased compared to April due to a periodic intervention at the Gas Treatment Unit (GTU).

In 2H13, GTU capacity will be expanded enabling the

startup of the Parnaíba III OCGT

April May June

4.1

3.9

4.5

Average Daily Natural Gas Production (MMm³/day)

For more information, contact:Investor Relations (55 21) 2163-9215

ri.mpx@mpx.com.br