2Q13 Quarterly Information (ITR)

7/27/2019 2Q13 Quarterly Information (ITR)

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ITR - Quarterly Information - 6/30/2013 - MPX ENERGIA SA Version : 1

Contents

Company Details

Breakdown of Paid-in Capital _ 1

Individual Financial Statements

Balance Sheet Assets 2

Balance Sheet - Liabilities 3

Statement of Income 4

Comprehensive Statement of Income 6

Statement of Cash Flow 7

Statements of Changes in Shareholders Equity _

DMPL - 1/1/2013 to 6/30/2013 8

DMPL - 1/1/2012 to 6/30/2012 9

Statement of Added Value _ 10Consolidated Financial Statements

Balance Sheet Assets 11

Balance Sheet - Liabilities 12

Statement of Income 14

Comprehensive Statement of Income 16

Statement of Cash Flow _ 17

Statements of Changes in Shareholders Equity

DMPL - 1/1/2013 to 6/30/2013 19

DMPL - 1/1/2012 to 6/30/2012 20

Statement of Added Value 21

Other Information Considered Significant to the Company _ 22

Opinions and Representations

Report of the Audit Committee or Equivalent Body 29


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Company Data / Capital Breakdown

Number of Shares Current Quarter

(thousand) 6/30/2013

Issued Capital

Common 578,480

Preferred 0

Total 578,480

Treasury stock

Common 0

Preferred 0

Total 0


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Individual Financial Statements - Balance Sheet - Assets - (reais thousand)

Account Code Account Description Current Quarter 6/30/2013 Previous Year 12/31/2012

1 Total Assets 3,787,710 3,642,481

1.01 Current Assets 120,361 234,244

1.01.01 Cash and Cash Equivalents 75,501 206,263

1.01.01.01 Cash and Bank deposits 293 260

1.01.01.02 Fundo Multimercado MPX 63 75,208 206,003

1.01.02 Aplicaes Financeiras 5,065 0

1.01.02.01 Aplicaes Financeiras Avaliadas a Valor Justo 5,065 0

1.01.02.01.03 Ttulos e Valores Mobilirios 5,065 0

1.01.06 Recoverable Taxes 28,376 22,068

1.01.06.01 Current Taxes Recoverable 28,376 22,068

1.01.08 Other Current Assets 11,419 5,913

1.01.08.03 Other 11,419 5,913

1.01.08.03.01 Other Advances 908 820

1.01.08.03.02 Dividends Receivable 0 2,040

1.01.08.03.03 Gain on derivatives 10,474 3,018

1.01.08.03.04 Escrow Deposits 37 35

1.02 Noncurrent Assets 3,667,349 3,408,237

1.02.01 Long-Term Assets 1,481,265 1,170,867

1.02.01.06 Deferred Taxes 114,400 114,400

1.02.01.06.01 Deferred Income and Social Contribution Taxes 114,400 114,400

1.02.01.07 Prepaid Expenses 841 841

1.02.01.09 Other Noncurrent Assets 1,366,024 1,055,626

1.02.01.09.04 Escrow Deposits 105,521 102,649

1.02.01.09.07 Recoverable Taxes 2,871 9,598

1.02.01.09.08 Accounts receivable from other related parties 1,134 1,134

1.02.01.09.09 AFAC at joint ventures 504,677 419,426

1.02.01.09.11 Loan with joint ventures 729,419 505,976

1.02.01.09.12 Accounts receivable from joint ventures 22,348 16,364

1.02.01.09.14 Other Accounts Receivable 54 479

1.02.02 Investments 2,164,370 2,215,107

1.02.02.01 Equity Interests 2,164,370 2,215,107

1.02.02.01.01 Interests in Associated Companies 28,358 31,861

1.02.02.01.02 Interests in Subsidiaries 1,314,090 1,373,392

1.02.02.01.03 Interests in Joint Ventures 759,827 747,759

1.02.02.01.04 Other Equity Interests 62,095 62,095

1.02.03 Property, plant and equipment 18,945 19,343

1.02.04 Intangible assets 2,769 2,920

PAGE: 2 of 29


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PAGE: 3 of 29

Individual Statements - Balance Sheet - Liabilities - (reais thousand)


2 Total Liabilities 3,787,710 3,642,481

2.01 Current Liabilities 1,549,553 947,342

2.01.01 Social and labor obligations 4,237 3,288

2.01.01.02 Labor Obligations 4,237 3,288

2.01.02 Trade payables 8,465 3,849

2.01.02.01 Domestic Trade Payables 8,465 3,849

2.01.03 Tax Obligations 3,388 402

2.01.03.01 Federal Tax Liabilities 3,388 402

2.01.03.01.01 Income taxes and contributions payable 3,388 402

2.01.04 Loans and Financing 1,529,633 924,463

2.01.04.01 Loans and Financing 1,529,625 924,352

2.01.04.01.01 In local currency 1,529,625 924,352

2.01.04.02 Debentures 8 111

2.01.04.02.02 Interest 8 111

2.01.05 Other Obligations 3,830 15,340

2.01.05.01 Related-Party Transactions 3,739 6,523

2.01.05.01.02 Debts with Subsidiaries 1,466 3,859

2.01.05.01.04 Debts with Other Related Parties 2,273 2,664

2.01.05.02 Other 91 8,817

2.01.05.02.07 Profit Sharing 0 8,726

2.01.05.02.09 Other Obligations 91 91

2.02 Noncurrent Liabilities 129,510 125,547

2.02.01 Loans and Financing 115,912 107,129

2.02.01.01 Loans and Financing 110,780 102,175

2.02.01.01.01 In local currency 110,780 102,175

2.02.01.02 Debentures 5,132 4,954

2.02.01.02.01 Principal 4,605 4,605

2.02.01.02.02 Interest 527 349

2.02.04 Provisions 13,598 18,418

2.02.04.02 Other Provisions 13,598 18,418

2.02.04.02.05 Negative Equity 13,598 18,418

2.03 Shareholders Equity 2,108,647 2,569,592

2.03.01 Realized Capital 3,732,274 3,731,734

2.03.02 Capital Reserves 336,808 321,904

2.03.02.04 Options Awarded 336,808 321,904

2.03.05 Retained Earnings/Accumulated Losses -1,849,130 -1,364,979

2.03.06 Equity Appraisal Adjustments -111,305 -119,067


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ITR - Quarterly Information - 6/30/2013 - MPX ENERGIA SA

Individual Financial Statements / Income Statement - (reais

thousand)

Account Code Account Description

3.04 Operating Income/Expenses

3.04.02 General and Administrative Expenses

3.04.02.01 Personnel and Management

3.04.02.02 Other Expenses

3.04.02.03 Outsourced Services

3.04.02.04 Depreciation and Amortization

3.04.02.05 Leasing and Rentals

3.04.04 Other Operating Income

3.04.05 Other Operating Expenses

3.04.05.01

Unsecured Liability

3.04.05.02 Provision for investment losses

3.04.05.03 Losses on the sale of assets

3.04.06 Equity in Net Income of Subsidiaries

3.05 Earnings before financial income/loss and tax

3.06 Financial Income/Loss

3.06.01 Financial Revenue

3.06.01.01 Exchange Variance Gain

3.06.01.02 Interest-earning bank deposits

3.06.01.03 Derivative Financial Instruments

3.06.01.04 Fair value of debentures3.06.01.05 Other Financial Revenue

3.06.02 Financial Expenses

3.06.02.01 Exchange Variance Loss


3.06.02.03 Debenture Interest/Cost

3.06.02.05 Other Financial Expenses

3.07 Earnings before tax on net income

3.08 Income and social contribution taxes on profit


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Current Quarter4/1/2013 to 6/30/2013

Accrued Value of theCurrent Year 1/1/2013 to6/30/2013

Same Quarter of the PriorYear 4/1/2012 to6/30/2012

Accrued Value of the PriorYear 1/1/2012 to6/30/2012

-156.204 -376,597 -99,711 -166,927

-29.879 -53,590 -36,999 -70,578

-16.484 -27,605 -16,315 -33,888

-1.347 -2,607 -2,782 -3,515

-10.565 -20,361 -15,320 -28,222

-452 -905 -395 -787

-1.031 -2,112 -2,187 -4,166

961 975 1 1

-2.885 -3,925 -4,982 -6,537

-2.883 -3,923 -4,982 -6,537

0 3 0 0

-2 -5 0 0

-124.401 -320,057 -57,731 -89,813

-156.204 -376,597 -99,711 -166,927-77.046 -107,554 -34,990 -55,855

29.068 44,049 73,356 98,060

606 4,012 2 1

18.163 31,431 9,699 29,815

10.474 9,031 13,746 4,234

-175 -426 49,554 62,554

0 1 355 1,456

-106.114 -151,603 -108,346 -153,915

-10.780 -12,760 -2 -8

212 -2,619 776 -302

-149 -362 -101,530 -130,565

-95.397 -135,862 -7,590 -23,040

-233.250 -484,151 -134,701 -222,782

0 0 -494 10,106


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Individual Financial Statements Statement of Income

(Thousands of Reais)

AccountCode Account Description

3.08.02 Deferred charges

3.09 Net Income from Continued Operations

3.11 Net Income/Loss for the Period

3.99 Earnings per Share - (Reais / Share)

3.99.01 Basic Earnings per Share

3.99.01.01 Common


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0 0 -494 10,106

-233,250 -484,151 -135,195 -212,676

-233,250 -484,151 -135,195 -212,676

-0.40321 -0.83694 -0.68342 -1.25013


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Individual Financial Statements Comprehensive Statement of Income



4.01 Net Income for the Period

4.02 Other Comprehensive Income

4.02.01 Accumulated Translation Adjustments

4.02.03 Effective portion of the changes in fair value of cash flow hedges - hedge

accounting

4.02.04 Deferred income and social contribution taxes - hedge accounting

4.03 Comprehensive Income for the Period


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-233.250 -484,151 -135,195 -212,676

-3.569 -5,333 37,776 48,134

483 -617 31,121 42,554

-6.140 -7,145 10,084 8,455

2.088 2,429 -3,429 -2,875

-236.819 -489,484 -97,419 -164,542


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Individual Financial Statements / Statement of Cash Flows Indirect Method


AccountCode Account Description Accrued Value of the Current Year1/1/2013 to 6/30/2013 Accrued Value of the PriorYear 1/1/2012 to 6/30/2012

6.01 Net Cash from Operating Activities -91,124 126,474

6.01.01 Cash Provided by Operating Activities -77,692 -79,089

6.01.01.01 Net income/loss before IR and CSLL -484,151 -222,782

6.01.01.02 Depreciation and Amortization 905 787

6.01.01.03 Equity in net income of subsidiary and associated companies 320,057 89,813

6.01.01.04 Operations with derivative financial instruments -6,412 -3,932

6.01.01.05 Stock Options Awarded 14,904 14,614

6.01.01.07 Investment devaluation -3 0

6.01.01.08 Provision for Unsecured Liabilities 3,923 6,537

6.01.01.13 Debenture Interest/Cost 362 130,565

6.01.01.14 Fair value of debentures 426 -62,554

6.01.01.15 Interest on loans and related parties 64,535 18,873

6.01.01.17 Equity Appraisal Adjustment 7,762 -51,010

6.01.02 Changes in Assets and Liabilities 116 222,169

6.01.02.01 Other Advances -90 -310

6.01.02.02 Prepaid Expenses 0 128

6.01.02.05 Recoverable Taxes 420 18,097

6.01.02.09 Taxes, Duties and Contributions 2,986 276

6.01.02.10 Trade payables 4,618 28

6.01.02.11 Provisions and payroll charges 949 -326

6.01.02.12 Accounts Payable 0 17

6.01.02.14 Related Parties -8,767 204,259

6.01.03 Other -13,548 -16,606

6.02 Net Cash from Investment Activities -588,188 -636,998

6.02.01 Acquisition of PPE and intangible assets -356 2,892

6.02.03 Ttulos e Valores Imobilirios -5,065 0

6.02.04 Change in Investments -273,240 -222,180

6.02.06 AFAC to associated companies -85,251 -373,035

6.02.07 Debt to related parties -223,443 16,301

6.02.08 Dividends 2,040 2,362

6.02.10 Escrow Deposits -2,873 -63,338

6.03 Net Cash from Financing Activities 548,550 -272,460

6.03.01 Financial Instruments -1,045 5,284

6.03.02 Capital Increase 540 1,300,576

6.03.07 Loans and Financing Obtained 549,342 -18,966

6.03.10 Issuance (payment) of debentures -287 -1,559,354

6.05 Increase (Decrease) in Cash and Cash Equivalents -130,762 -782,984

6.05.01 Opening Balance of Cash and Cash Equivalents 206,263 960,258

6.05.02 Closing Balance of Cash and Cash Equivalents 75,501 177,274

PAGE: 7 of 29


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ndividual Financial Statements - Statements of Changes in Shareholders Equity - 1/1/2013 to 6/30/2013

Thousands of Reais)

AccountCode

Account Description Paid-in share capitalCapital Reserves, OptionsAwarded and Treasury StockProfit Reserves

Retained Earnings orAccumulated Accumulated

OtherComprehensiveIncome

ShareholdersEquity

5.01 Opening Balances 3,731,734 321,904 0 -1,364,979 -119,067 2,569,592

5.03 Adjusted Opening Balances 3,731,734 321,904 0 -1,364,979 -119,067 2,569,592

5.04 Capital Transactions with Partners 540 14,904 0 0 0 15,444

5.04.01 Capital Increases 540 0 0 0 0 540

5.04.03 Awarded Options Recognized 0 14,904 0 0 0 14,904

5.05 Total Comprehensive Income 0 0 0 -484,151 7,762 -476,389

5.05.02 Other Comprehensive Income 0 0 0 -484,151 7,762 -476,389

5.05.02.01 Financial Instrument Adjustments 0 0 0 0 7,145 7,145

5.05.02.06 Loss for the Period 0 0 0 -484,151 617 -483,534

5.07 Closing Balances 3,732,274 336,808 0 -1,849,130 -111,305 2,108,647


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ndividual Financial Statements - Statements of Changes in Shareholders Equity - 1/1/2012 to 6/30/2012

Thousands of Reais)

AccountCode

Account Description Paid-in share capitalCapital Reserves,Options Awarded andTreasury Stock Profit Reserves Retained Earnings or

Accumulated Accumulated


ShareholdersEquity

5.01 Opening Balances 2,042,014 274,625 0 -927,169 -71,670 1,317,800

5.03 Adjusted Opening Balances 2,042,014 274,625 0 -927,169 -71,670 1,317,800

5.04 Capital Transactions with Partners 1,300,576 14,614 0 2,845 0 1,318,035

5.04.01 Capital Increases 1,300,576 0 0 0 0 1,300,576

5.04.03 Awarded Options Recognized 0 14,614 0 0 0 14,614

5.04.08 Adjustment for effect of spin-off 0 0 0 2,845 0 2,845

5.05 Total Comprehensive Income 0 0 0 -212,676 -51,010 -263,686

5.05.02 Other Comprehensive Income 0 0 0 -212,676 -51,010 -263,686

5.05.02.01 Financial Instrument Adjustments 0 0 0 0 -8,455 -8,455

5.05.02.04 Translation Adjustments in the Period 0 0 0 0 -42,555 -42,555

5.05.02.06 Loss for the period 0 0 0 -212,676 0 -212,676

5.07 Closing Balances 3,342,590 289,239 0 -1,137,000 -122,680 2,372,149


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Individual Financial Statements - Statements of Added Value - (Reais Thousand)


Accrued Value of the CurrentYear 1/1/2013 to 6/30/2013

Accrued Value of the PriorYear 1/1/2012 to 6/30/2012

7.02 Consumables acquired from third parties -22,622 -31,605

7.02.01 Cost of goods and services sold 0 -31,605

7.02.02 Material, Energy, Outsourced Services and Other -22,622 0

7.03 Gross Added Value -22,622 -31,605

7.04 Retentions -905 -787

7.04.01 Depreciation, Amortization and Depletion -905 -787

7.05 Net Added Value Produced -23,527 -32,392

7.06 Transferred Added Value -283,940 1,710

7.06.01 Equity in Net Income of Subsidiaries -320,057 -89,813

7.06.02 Financial Revenue 40,037 98,060

7.06.03 Other -3,920 -6,537

7.06.03.03 Provision for Unsecured Liabilities -3,923 -6,537

7.06.03.04 Provision for devaluation of investments 3 0

7.07 Total Added Value to be Distributed -307,467 -30,682

7.08 Distribution of Added Value -307,467 -30,682

7.08.01 Personnel 27,605 33,887

7.08.01.01 Direct Remuneration 21,177 27,564

7.08.01.02 Benefits 2,987 2,341

7.08.01.03 F.G.T.S. 3,441 3,982

7.08.02 Taxes, Duties and Contributions 88 -10,102

7.08.02.01 Federal 88 -10,102

7.08.03 Interest Expenses 148,991 158,209

7.08.03.01 Interest 362 149,430

7.08.03.02 Rent 2,112 4,166

7.08.03.03 Other 146,517 4,613

7.08.03.03.01 Losses on derivative transactions 2,619 302

7.08.03.03.03 Insurance 259 128

7.08.03.03.04 Exchange Variance 8,748 7

7.08.03.03.06Financial Expenses

135,866 4,175

7.08.03.03.07 Other -975 1

7.08.04 Interest earnings -484,151 -212,676

7.08.04.03 Retained Earnings/Loss for the Period -484,151 -212,676


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- - -

Consolidated Financial Statements / Balance Sheet - Assets - (reais thousand)


1 Total Assets 9,101,000 8,039,596

1.01 Current Assets 726,210 765,908

1.01.01 Cash and Cash Equivalents 140,715 519,277

1.01.01.01 Cash and Bank deposits 4,449 5,922

1.01.01.02 Fundo Multimercado MPX 63 130,550 513,355

1.01.01.04 CDB/Purchase and Sale Agreements 5,716 0

1.01.02 Short-term Investments 8,793 3,441

1.01.02.01 Short-term investments valued at Fair Value 8,793 3,441

1.01.02.01.03 Securities 8,793 3,441

1.01.03 Accounts Receivable 352,565 21,345

1.01.03.01

Trade accounts receivable

352,565

21,345

1.01.04 Inventories 89,118 142,687

1.01.06 Recoverable Taxes 84,849 37,410

1.01.06.01 Current Taxes Recoverable 84,849 37,410

1.01.07 Prepaid Expenses 24,853 19,351

1.01.08 Other Current Assets 25,317 22,397

1.01.08.03 Other 25,317 22,397

1.01.08.03.01 Other Advances 5,250 1,783

1.01.08.03.03 Gain on Derivatives 10,504 3,018

1.01.08.03.04 Escrow Deposits 37 35

1.01.08.03.05 CCC subsidies receivable 9,526 17,561

1.02 Noncurrent Assets 8,374,790 7,273,688

1.02.01 Long-Term Assets 791,220 654,098

1.02.01.06 Deferred Taxes 408,020 305,548

1.02.01.06.01 Deferred Income and Social Contribution Taxes 408,020 305,548

1.02.01.07 Prepaid Expenses 4,833 8,494

1.02.01.09 Other Noncurrent Assets 378,367 340,056

1.02.01.09.04 Escrow Deposits 157,537 135,648

1.02.01.09.05 CCC Subsidies Receivable 24,617 24,617

1.02.01.09.07 Recoverable Taxes 18,278 24,034

1.02.01.09.08 Accounts receivable from other related parties 1,134 1,134

1.02.01.09.09 AFAC at joint ventures 9,320 12,4251.02.01.09.11 Loan with joint ventures 159,806 134,926

1.02.01.09.12 Accounts receivable from joint ventures 7,621 6,793

1.02.01.09.14 Other Accounts Receivable 54 479

1.02.02 Investments 842,521 833,955

1.02.02.01 Equity Interests 842,521 833,955

1.02.02.01.01 Interests in Associated Companies 28,358 31,861

1.02.02.01.04 Other Equity Interests 814,163 802,094

1.02.03 Property, plant and equipment 6,525,176 5,570,399

1.02.04 Intangible assets 215,873 215,236

PAGE: 11 of 29


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PAGE: 12 of 29

Consolidated Statements / Balance Sheet - Liabilities - (reais thousand)


2 Total Liabilities 9,101,000 8,039,5962.01 Current Liabilities 3,666,307 2,109,465

2.01.01 Social and labor obligations 12,284 9,863

2.01.01.02 Labor Obligations 12,284 9,863

2.01.02 Trade payables 654,018 115,261

2.01.02.01 Domestic Trade Payables 654,018 115,261

2.01.03 Tax Obligations 94,219 7,241

2.01.03.01 Federal Tax Liabilities 94,219 7,241

2.01.03.01.01 Income taxes and contributions payable 94,219 7,241

2.01.04 Loans and Financing 2,651,125 1,820,085

2.01.04.01 Loans and Financing 2,651,117 1,819,974

2.01.04.01.01 In local currency 0 1,819,974

2.01.04.02 Debentures 8 111

2.01.04.02.02 Interest 8 111


2.01.05.01 Related-Party Transactions 178,059 30,772

2.01.05.01.03 Debits with Parent Companies 48,803 26,783

2.01.05.01.04 Debts with Other Related Parties 129,256 3,989

2.01.05.02 Other 76,602 126,243

2.01.05.02.04 Losses on Derivative Transactions 25,264 22,951

2.01.05.02.05 Contractual Retentions 43,751 77,374

2.01.05.02.07 Profit Sharing 0 20,6332.01.05.02.08 Dividends Payable 0 1,960

2.01.05.02.09 Other Obligations 7,587 3,325

2.02 Noncurrent Liabilities 3,201,188 3,228,993

2.02.01 Loans and Financing 3,087,188 3,109,760

2.02.01.01 Loans and Financing 3,082,056 3,104,806

2.02.01.01.01 In local currency 3,082,056 3,104,806

2.02.01.02 Debentures 5,132 4,954

2.02.01.02.01 Principal 4,605 4,605

2.02.01.02.02 Interest 527 349


2.02.02.01 Related-Party Transactions 14,400 430

2.02.02.01.04 Debts with Other Related Parties 14,400 430

2.02.02.02 Other 77,348 94,797

2.02.02.02.03 Losses on Derivative Transactions 77,348 94,797

2.02.03 Deferred Taxes 5,404 2,048

2.02.03.01 Deferred Income and Social Contribution Taxes 5,404 2,048

2.02.04 Provisions 16,848 21,958

2.02.04.02 Other Provisions 16,848 21,958

2.02.04.02.04 Provision for Disassembly 2,173 2,118

2.02.04.02.05 Unsecured Liability 14,675 19,840

2.03 Consolidated Shareholders Equity 2,233,505 2,701,1382.03.01 Realized Capital 3,732,274 3,731,734

2.03.02 Capital Reserves 336,808 321,904

2.03.02.04 Options Awarded 336,808 321,904


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PAGE: 13 of 29

Consolidated Statements / Balance Sheet - Liabilities - (reais thousand)

AccountCode Account Description Current Quarter 6/30/2013 Previous Year 12/31/2012

2.03.05 Retained Earnings/Accumulated Losses -1,868,379 -1,384,971

2.03.06 Equity Appraisal Adjustments -111,305 -119,067

2.03.09 Minority Interests 144,107 151,538


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Consolidated Statements / Income Statement - (reais thousand)


3.01 Revenue from goods sold and services rendered

3.02 Cost of goods and/or services sold

3.03 Gross Profit

3.04 Operating Income/Expenses

3.04.02 General and Administrative Expenses

3.04.02.01 Personnel and Management

3.04.02.02 Other Expenses

3.04.02.03 Outsourced Services

3.04.02.04 Depreciation and Amortization

3.04.02.05 Leasing and Rentals

3.04.04 Other Operating Income

3.04.05 Other Operating Expenses

3.04.05.01 Unsecured liability

3.04.05.02 Provision for investment losses

3.04.05.03 Losses on the sale of assets

3.04.06 Equity in Net Income of Subsidiaries

3.05 Earnings before financial income/loss and tax

3.06 Financial Income/Loss

3.06.01 Financial Revenue

3.06.01.01 Exchange Variance Gain

3.06.01.02 Interest-earning bank deposits3.06.01.03 Derivative Financial Instruments

3.06.01.04 Fair value of debentures

3.06.01.05 Other Financial Revenue

3.06.02 Financial Expenses

3.06.02.01 Exchange Variance Loss


3.06.02.03 Debenture Interest/Cost


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395.133 591,232 -56,850 18,819

-418.331 -730,940 65,273 -16,525

-23.198 -139,708 8,423 2,294

-88.690 -212,220 -83,503 -164,723-41.983 -81,012 -48,304 -110,178

-18.845 -39,142 -22,123 -48,923

-2.653 -5,009 -3,166 -7,336

-18.222 -32,283 -19,839 -45,455

-652 -1,290 -619 -1,713

-1.611 -3,288 -2,557 -6,751

3.471 3,983 173 719

-5.064 -6,587 -6,522 -6,988

-2.604 -3,578 -6,537 -6,537

-26 -23 0 0

-2.434 -2,986 15 -451

-45.114 -128,604 -28,850 -48,276

-111.888 -351,928 -75,080 -162,429

-162.929 -240,756 -61,469 -67,669

19.940 32,641 -336,689 -295,990

682 4,570 2,717 21,403

7.498 17,374 12,270 40,371

10.474 9,031 -402,880 -424,042

-175 -426 49,555 62,554

1.461 2,092 1,649 3,724

-182.869 -273,397 275,220 228,321-12.919 -15,182 -1,642 -7,003

3.162 912 391,294 404,701

-149 -362 -101,530 -130,565


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Consolidated Statements / Income Statement - (reais

thousand)


3.06.02.05 Other Financial Expenses

3.07 Earnings before tax on net income

3.08 Income and social contribution taxes on profit

3.08.01 Current

3.08.02 Deferred charges

3.09 Net Income from Continued Operations

3.11 Consolidated Net Income/Loss for the Period

3.11.01 Attributed to Partners of the Parent Company

3.11.02 Attributed to Minority Partners

3.99 Earnings per Share - (Reais / Share)

3.99.01 Basic Earnings per Share

3.99.01.01 Common


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Accrued Value of theCurrent Year 1/1/2013to 6/30/2013

Same Quarter of the PriorYear 4/1/2012 to 6/30/2012


-172.963 -258,765 -12,902 -38,812

-274.817 -592,684 -136,549 -230,098

41.329 102,135 2,825 18,614

-336 -336 -229 -1,067

41.665 102,471 3,054 19,681

-233.488 -490,549 -133,724 -211,484

-233.488 -490,549 -133,724 -211,484-233.250 -484,151 -135,195 -212,676

-238 -6,398 1,471 1,192

-0,40362 -0.84800 -0.67599 -1.24312


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Consolidated Statements - Comprehensive Income Statement - (Reais

thousand)


4.01 Consolidated Net Income for the Period

4.02 Other Comprehensive Income

4.02.01 Accumulated Translation Adjustments

4.02.03 Effective portion of the changes in fair value of cash flow hedges - hedge accounting

4.02.04 Deferred income and social contribution taxes - hedge accounting

4.03 Consolidated Comprehensive Income for the Period

4.03.01 Attributed to Partners of the Parent Company

4.03.02 Attributed to Minority Partners


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Accrued Value of theCurrent Year 1/1/2013to 6/30/2013

Same Quarter of the PriorYear 4/1/2012 to 6/30/2012


-233.488 -490,549 -133,724 -211,484

-3.569 -5,333 37,776 48,134

483 -617 31,121 42,554

-6.140 -7,145 10,084 8,455

2.088 2,429 -3,429 -2,875

-237.057 -495,882 -95,948 -163,350

-236.819 -489,484 -97,419 -164,542

-238 -6,398 1,471 1,192


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Consolidated Financial Statements / Statement of Cash Flows Indirect Method



Accrued Value of the CurrentYear 1/1/2013 to 6/30/2013


6.01 Net Cash from Operating Activities 203,670 52,249

6.01.01 Cash Provided by Operating Activities -246,771 -114,074

6.01.01.01 Loss for the Period -592,684 -230,099

6.01.01.02 Depreciation and Amortization 44,519 4,692

6.01.01.03 Equity in Net Income of Subsidiaries 128,604 48,276

6.01.01.04 Operations with derivative financial instruments -9,943 19,341

6.01.01.05 Stock Options Awarded 14,904 14,614

6.01.01.07 Investment devaluation 23 0

6.01.01.08 Provision for Unsecured Liabilities 3,578 6,537

6.01.01.09 Provision for Disassembly 55 86

6.01.01.13 Debenture Interest/Cost 362 130,565

6.01.01.14 Fair value of debentures 426 -62,554

6.01.01.15 Interest on loans and related parties 155,623 5,478

6.01.01.17 Equity Appraisal 7,762 -51,010

6.01.02 Changes in Assets and Liabilities 476,240 131,251

6.01.02.01 Other Advances -3,467 5,169

6.01.02.02 Prepaid Expenses -1,841 11,276

6.01.02.03 Accounts Receivable -331,220 8,170

6.01.02.05 Recoverable Taxes -41,682 48,0406.01.02.06 Inventory 53,569 -20,639

6.01.02.09 Taxes, Duties and Contributions 86,977 -11,120

6.01.02.10 Trade payables 538,757 -58,457

6.01.02.11 Provisions and payroll charges 2,421 -6,581

6.01.02.12 Accounts Payable 4,263 -44,858

6.01.02.13 CCC subsidies receivable 8,034 -4,736

6.01.02.14 Debts / Credits with related parties 160,429 204,987

6.01.03 Other -25,799 35,072

6.01.03.02 Other Assets and Liabilities -25,799 -6,299

6.01.03.04 Cash Effect spin-off of E.On 0 41,371

6.02 Net Cash from Investment Activities -1,228,973 -909,056

6.02.01 Acquisition of PPE and intangible assets -999,988 -581,438

6.02.03 Securities -5,351 -91,013

6.02.04 Change in Investments -141,406 -254,110

6.02.05 Cash resulting from sale of property, plant and equipment and intangibleassets -2,978 -451

6.02.06 AFAC at associated companies and joint ventures 3,105 -8,405

6.02.07 Debt to related parties -24,881 -1,152

6.02.08 Dividends -1,960 -2,269

6.02.09 Contractual Retentions -33,623 65,874

6.02.10 Escrow Deposits -21,891 -36,092

6.03 Net Cash from Financing Activities 646,741 397,393

6.03.01 Financial Instruments -12,679 4,828

6.03.02 Capital Increase 540 1,300,576

6.03.07 Loans and Financing Obtained 652,769 652,534

6.03.08 Capital increase deriving from 6,398 -1,192

PAGE: 17 of 29


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Consolidated Financial Statements / Statement of Cash Flows Indirect Method


AccountCode Account Description Accrued Value of the CurrentYear 1/1/2013 to 6/30/2013 Accrued Value of the PriorYear 1/1/2012 to 6/30/2012

6.03.10 Issuance (payment) of debentures -287 -1,559,353

6.05 Increase (Decrease) in Cash and Cash Equivalents -378,562 -459,414

6.05.01 Opening Balance of Cash and Cash Equivalents 519,277 1,380,151

6.05.02 Closing Balance of Cash and Cash Equivalents 140,715 920,737


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PAGE: 19 of 29

Consolidated Financial Statements - Statements of Changes in Shareholders Equity - 1/1/2013 to 6/30/2013 (Reais k)

Account

CodeAccount Description

Paid-in share

capital

Capital Reserves, Options

Awarded and Treasury Stock

Profit

Reserves

Retained Earnings or

Accumulated Losses


Shareholders

Equity

Minority

interests

Consolidated

Shareholders Equity

5.01 Opening Balances 3,731,734 321,904 0 -1,384,971 -119,067 2,549,600 154,975 2,704,575

5.03 Adjusted Opening 3,731,734 321,904 0 -1,384,971 -119,067 2,549,600 154,975 2,704,575

5.04 Capital Transactions 540 14,904 0 743 0 16,187 0 16,187

5.04.01 Capital Increases 540 0 0 0 0 540 0 540

5.04.03 Awarded Options 0 14,904 0 0 0 14,904 0 14,904

5.04.09 Deferred Asset 0 0 0 743 0 743 0 743

5.05 Total Comprehensive 0 0 0 -484,151 7,762 -476,389 -10,868 -487,257

5.05.02 Other Comprehensive 0 0 0 -484,151 7,762 -476,389 -10,868 -487,257

5.05.02.01 Financial Instrument 0 0 0 0 7,145 7,145 0 7,145

5.05.02.04 Translation 0 0 0 0 617 617 0 617

5.05.02.07 Loss for the period 0 0 0 -484,151 0 -484,151 -6,398 -490,549

5.05.02.08 Minority interest 0 0 0 0 0 0 -4,470 -4,470

5.07 Closing Balances 3,732,274 336,808 0 -1,868,379 -111,305 2,089,398 144,107 2,233,505



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Consolidated Financial Statements - Statements of Changes in Shareholders Equity - 1/1/2012 to 6/30/2012 (Reais k)

AccountCode

Account DescriptionPaid-in sharecapital

Capital Reserves, OptionsAwarded and Treasury Stock

ProfitReserves

Retained Earnings orAccumulated Losses


ShareholdersEquity

Minorityinterests

ConsolidatedShareholders Equity

5.01 Opening Balances 2,042,014 274,625 0 -982,323 -71,670 1,262,646 107,512 1,370,158

5.03 Adjusted Opening 2,042,014 274,625 0 -982,323 -71,670 1,262,646 107,512 1,370,158

5.04 Capital Transactions 1,300,576 14,614 0 25,835 0 1,341,025 0 1,341,025

5.04.01 Capital Increases 558,389 0 0 0 0 558,389 0 558,389

5.04.03 Awarded OptionsReco nized

0 14,614 0 0 0 14,614 0 14,614

5.04.08 Adjustment for effect of-

742,187 0 0 2,845 0 745,032 0 745,032

5.04.09 Deferred Asset 0 0 0 22,990 0 22,990 0 22,990

5.05 Total Comprehensive 0 0 0 -212,676 -51,010 -263,686 1,385 -262,301

5.05.02 Other Comprehensive 0 0 0 -212,676 -51,010 -263,686 1,385 -262,301

5.05.02.01 Financial InstrumentAd ustments

0 0 0 0 -8,455 -8,455 0 -8,455

5.05.02.04 Translation 0 0 0 0 -42,555 -42,555 0 -42,555

5.05.02.07 Loss for the period 0 0 0 -212,676 0 -212,676 1,192 -211,484

5.05.02.08 Minority interest 0 0 0 0 0 0 193 193

5.07 Closing Balances 3,342,590 289,239 0 -1,169,164 -122,680 2,339,985 108,897 2,448,882



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Consolidated Financial Statements - Statements of Added Value - (Reais Thousand)


Accrued Value ofthe Current Year1/1/2013 to6/30/2013


7.01 Revenue 1,546,646 595,479

7.01.01 Sales of Goods, Products and Services 591,231 18,819

7.01.03 Revenue relating to construction of company assets 955,415 576,660

7.02 Consumables acquired from third parties -641,493 -62,933

7.02.02 Material, Energy, Outsourced Services and Other -641,493 -62,933

7.03 Gross Added Value 905,153 532,546

7.04 Retentions -44,519 -4,692

7.04.01 Depreciation, Amortization and Depletion -44,519 -4,692

7.05 Net Added Value Produced 860,634 527,854

7.06 Transferred Added Value -104,134 -372,206

7.06.01 Equity in Net Income of Subsidiaries -128,604 -48,276

7.06.02 Financial Revenue 28,071 -317,393

7.06.03 Other -3,601 -6,537

7.06.03.02 Provision for Unsecured Liabilities -3,578 -6,537

7.06.03.04 Provision for devaluation of investments -23 0

7.07 Total Added Value to be Distributed 756,500 155,648

7.08 Distribution of Added Value 756,500 155,648

7.08.01 Personnel 52,889 50,866

7.08.01.01 Direct Remuneration 28,847 37,377

7.08.01.02 Benefits 13,952 5,377

7.08.01.03 F.G.T.S. 10,090 8,112

7.08.02 Taxes, Duties and Contributions -101,810 -17,998

7.08.02.01 Federal -101,810 -17,998

7.08.03 Interest Expenses 1,295,970 334,265

7.08.03.01 Interest 362 130,565

7.08.03.02 Rent 70,882 7,145

7.08.03.03 Other 1,224,726 196,555

7.08.03.03.01 Losses on Derivative Transactions -912 -404,701

7.08.03.03.02

Advances to suppliers

955,407 576,661

7.08.03.03.03 Insurance 1,843 451

7.08.03.03.04 Exchange Variance 10,612 -14,401

7.08.03.03.06 Financial Expenses 261,751 39,264

7.08.03.03.07 Other -3,975 -719

7.08.04 Interest earnings -490,549 -211,485

7.08.04.03 Retained Earnings/Loss for the Period -484,151 -212,677

7.08.04.04 - Minority interests in retained earnings -6,398 1,192

PAGE: 21 of 29


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R - Quarterly Information - 6/30/2013 - MPX ENERGIA SA

FEDERAL PUBLIC SERVICE

CVM BRAZILIAN SECURITIES COMMISSION

ITR Quarterly Information Corporate Legislation

COMMERCIAL AND INDUSTRIAL COMPANIES AND OTHER - as of 6/30/2013

02123-7 MPX ENERGIA S/A 04.423.567/0001-21

20.1 OTHER INFORMATION CONSIDERED SIGNIFICANT TO THE COMPANY

The Company, its shareholders and managers undertake to settle through arbitration any and all disputes

between them arising from, or in connection with, the application, validity, effectiveness, interpretation,

violation or effects of the rules contained in Brazilian Corporation Law, the Company's By-Laws, regulations

issued by the Brazilian Monetary Council, the Brazilian Central Bank and the Brazilian Securities

Commission (CVM), and any other regulations applicable to the capital market in general, as well as those

contained in the New Market Regulations, the Regulations of the Market Chamber of Arbitration and New

Market Agreement.

At June 30, 2013 the Companys share capital consisted of 578,479,962 common shares distributed as

follows:

CONSOLIDATED POSITION OF CONTROLLING SHAREHOLDERS, MANAGERS AND FREE FLOAT

Position at 6/30/2013*

Number of Total Amount

Shareholder Common Shares%

of shares%

(In Units) (In Units)

Controlling Shareholder 377,150,046 65.20 377,150,046 65.20

Executives

Board of Directors 98,085 0.02 98,085 0.02

Executive Board 521,400 0.09 521,400 0.09

Audit Committee** - - - -

Treasury Stock - - - -

Other Shareholders 200,710,431 34.69 200,710,431 34.69

Total 578,479,962 100 578,479,962 100

Free Float 200,710,431 34.69 200,710,431 34.69

*The Extraordinary General Meeting held June 12, 2013 approved the dismissal of certain members from the Company's

Board of Directors and the amendment of the Company's bylaws, which now only provides for two statutory boards -

four officers are no longer statutory, despite remaining as officers of MPX. The share position of the

7/29/2013 5:36:23 PM Page: 1

Version : 1

PAGE: 22 of 29


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R - Quarterly Information - 6/30/2013 - MPX ENERGIA SA

Other Information Considered Significant to the Company





02123-7 MPX ENERGIA S/A 04.423.567/0001-21

20.1 _______________________________________________________________________________THER INFORMATION CONSIDERED SIGNIFICANT TO THE COMPANY ___________________________

Board of Directors and Executive Board as of June 30, 2013 only embraces the statutory officers and directors at said

date.

**The Company does not currently have an Audit Committee.

The Company's capital was increased on 5/26/2011 by the Board of Directors' meeting held 3/24/2011, which raised the

number of shares from 136,692,680 to 136,720,840, as a result of subscription options being exercised.

The Company's capital was increased in February 2012 by the Board of Directors' meeting held 2/29/2012, via the

issuance of 9,633 new shares resulting from the conversion of 6,383 of the 21,735,744 debentures issued by the Company

on June 15, 2011. The number of Company shares accordingly rose from 136,720,840 to 136,730,473.

The Company's capital was increased in March 2012 by the Board of Directors' meeting held 3/21/2012, via the issuance

of 984 new shares resulting from the conversion of 649 debentures and the issuance of 7,040 new common shares, with

no par value, resulting from the exercising of stock options awarded under the Company's stock options program. The

number of Company shares accordingly rose from 136,730,473 to 136,738,497.

The Company's capital was increased in May 2012 by the Board of Directors' meeting held 5/9/2012 as a result of the (i)

issuance of 4,112 new shares resulting from the conversion of 2,701 debentures and (ii) the issuance of 125,620 new

common shares, with no par value, resulting from the exercising of stock options awarded under the Company's stock

options program. The number of Company shares accordingly rose from 136,738,497 to 136,868,229.

The capital was increased again the same month by the Board of Directors' meeting held 5/24/2012, which ratified the

issuance of 33,254,705 new common shares with no par value, resulting from the conversion of 21,652,966 debentures.

The number of Company shares accordingly rose from 136,868,229 to 170,122,934.

On May 24, 2012 the MPX Board of Directors approved a capital increase of R$ 1,000,000,063.00 via the issuance of

22,623,796 new shares. However, the subscribed shares will only exist after the capital increase has been concluded and

subsequently ratified, which was concluded in July 2012 and ratified by the Board of Directors' meeting held July 25,

2012.

The Company's capital was increased in June 2012 by the Board of Directors' meeting held 6/15/2012, which ratified the

issuance of 514 new common shares with no par value, resulting from the conversion of 334 debentures. The number of

Company shares accordingly rose from 170,122,934 to 170,123,448.

On June 25, 2012 the Board of Directors' meeting ratified the capital increase, approved by the Board of Directors'

meeting on May 24, 2012 at 11 AM, of R$ 1,000,000,063.00 (one billion and sixty-three reais), within the authorized

capital limit, as a result of the subscription and full payment of the 22,623,796 new common registered shares with no parvalue

7/29/2013 5:36:23 PM Page: 2

Version : 1

PAGE: 23 of 29


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R - Quarterly Information - 6/30/2013 - MPX ENERGIA SA Version : 1






02123-7 MPX ENERGIA S/A 04.423.567/0001-21

20.1 _______________________________________________________________________________O

THER INFORMATION CONSIDERED SIGNIFICANT TO THE COMPANY ___________________________

by E.ON AG (E.ON). The number of Company shares accordingly rose from 170,123,448 to 192,747,244.

Pursuant to the minutes of the Extraordinary General Meeting held by the Company on August 15, 2012, the shareholders

in attendance unanimously approved the split of common shares issued by the Company, whereby each existing common

share was split into 3 (three) shares of the same class. MPX's shareholders are entitled to receive the split shares

according to their shareholding at August 15, 2012. The number of Company shares accordingly rose from 192,747,244

to 578,241,732.

The Company's capital was increased in January 2013 by the Board of Directors' meeting held 1/10/2013, ratifying the

issuance of 147,480 new common shares, with no par value, resulting from the exercising of stock options awarded under

the Company's stock options program. The number of Company shares accordingly changed to 578,389,212.

The Company's capital was increased in February 2013 by the Board of Directors' meeting held 2/6/2013, ratifying the


the Company's stock options program. The number of Company shares accordingly changed to 578,416,212.

However, there was a partial subscription of the capital increase, whereby the share capital as of March 31, 2013 stood at

R$ 3,736,269,091.89, less than the figure presented in the minutes to the Board of Directors' meeting held February 06,

2013. The remainder of the share capital was paid in after the end of the first quarter, resulting in a share capital of R$

3,736,354,722.02.

The Company's capital was increased in April 2013 by the Board of Directors' meeting held 4/5/2013, ratifying theissuance of 34,500 new common shares, with no par value, resulting from the exercising of stock options awarded under

the Company's stock options program. The number of Company shares accordingly changed to 578,450,712. As a result

of this resolution the Company's share capital has changed from R$ 3,736,354,722.02 to R$ 3,736,468,820.55.

The Company's capital was increased in May 2013 by the Board of Directors' meeting held 5/8/2013, ratifying the


the Company's stock options program. The number of Company shares accordingly changed to 578,479,962. As a result

of this resolution the Company's share capital has changed from R$ 3,736,468,820.55 to R$ 3,736,568,320.85.

Shareholdings of over 5% of the shares of each type and class in the Company, including those of individuals

_____________________ Company: MPX Energia S.A._______________________ Position at 6/30/2013

7/29/2013 5:36:23 PM Page: 3

PAGE: 24 of 29


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02123-7 MPX ENERGIA S/A 04.423.567/0001-21

PAGE: 25 of 29

20.1 ________________________________________________________________________________OTHER INFORMATION CONSIDERED SIGNIFICANT TO THE COMPANY ____________________________

(in shares)

Common shares* Total

Shareholder Quantity % Quantity %

Eike Fuhrken Batista 145,704,988 25.2 145,704,988 25.2

Centennial Asset Mining Fund LLC 20,208,840 3.5 20,208,840 3.5

Centennial Asset Brazilian Equity Fund LLC 1,822,065 0.3 1,822,065 0.3E.ON 209,414,153 36.2 209,414,153 36.2

BNDESPAR 59,823,537 10.3 59,823,537 10.3

Other 141,506,379 24.5 141,506,379 24.5

Total 578,479,962 100 578,479,962 100

*MPX's share capital consists solely of common shares.

Distribution of share capital in our corporate shareholder (Company shareholder), including the

shareholdings of individuals

Company: Centennial Asset Mining Fund LLC Position on 6/30/2013 (shares)

Quotas Total

Shareholder Quantity % Amount %

Eike Fuhrken Batista 1,000 100.0 1,000 100.0

Total 1,000 100.0 1,000 100.0

Company: Centennial Asset Brazilian Equity Fund LLC Position on 6/30/2013 (shares)

Quotas Total


Centennial Asset Mining Fund LLC 1,000 100.0 1,000 100.0

Total 1,000 100.0 1,000 100.0

To facilitate your comprehension a summary follows of the corporate changes MPX has undergone in the

period of 1 year:


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02123-7 MPX ENERGIA S/A 04.423.567/0001-21

20.1 OTHER INFORMATION CONSIDERED SIGNIFICANT TO THE COMPANY

On September 24, 2010 EBX Investimentos Ltda. returned 86,436,560 common shares of theCompany to Mr. Eike Batista, its controlling shareholder, accounting for 63.2% of MPXs share

capital.

On December 10, 2010 the Company's controlling shareholder Mr. Eike Batista announced he hadsold 2,254,300 of the Company's shares in order for the free float to comply with the minimum

percentage required by the regulations of the BM&FBovespa's New Market, equal to 25% of the

share capital.

At June 30, 2012 the Companys share capital consisted of 170,123,488 common shares distributed as

follows:

CONSOLIDATED POSITION OF CONTROLLING SHAREHOLDERS, MANAGERS AND FREE

FLOAT Position at 6/30/2012

Number of Total AmountShareholder Common Shares

%of shares

%(In Units) (In Units)

Controlling Shareholder 103,990,761 61.13 103,990,761 61.13

Executives

Board of Directors 850,722 0.48 850,722 0.48

Executive Board 1,434,820 0.84 1,434,820 0.84

Audit Committee*** - -

Treasury Stock - - - -

Other Shareholders 63,847,145 37.53 63,847,145 37.53

Total 170,123,488 100 170,123,488 100

Free Float 63,847,145 37.53 63,847,145 37.53

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TR - Quarterly Information - 6/30/2013 - MPX ENERGIA SA Version :






02123-7 MPX ENERGIA S/A 04.423.567/0001-21

20.1 ___________________________________________________________________________________ OT

HER INFORMATION CONSIDERED SIGNIFICANT TO THE COMPANY _____________________________

Shareholdings of over 5% of the shares of each type and class in the Company, including those of individuals

Position at 6/30/2012Company: Centennial Asset Brazilian Equity Fund LLC (in shares)

Quotas Total

07/29/201317:36:23 Page:6

PAGE:27of29

Company: MPX Energia S.A. Position on 6/30/2012 (shares)

Common shares Total

Shareholder Quantity % Quantity %

Eike Fuhrken Batista 96,647,126 56.8 96,647,126 56.8

Centennial Asset Mining Fund LLC 6,736,280 3.9 6,736,280 3.9

Centennial Asset Brazilian Equity Fund LLC 607,355 0.3 607,355 0.3

BNDESPAR 19,941,179 11.7 19,941,179 11.7

Other** 46,191,508 27.2 46,191,508 27.2

Total 170,123,488 100 170,123,488 100

Distribution of share capital in our corporate shareholder (Company shareholder), including the shareholdings of

individuals

Company: Centennial Asset Mining Fund LLC Position on 6/30/2012 (shares)

Quotas Total


Eike Fuhrken Batista 1,000 100.0 1,000 100.0

Total 1,000 100.0 1,000 100.0


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FEDERAL PUBLIC SERVICECVM BRAZILIAN SECURITIES COMMISSIONITR - Quarterly InformationCOMMERCIAL AND INDUSTRIAL COMPANIES ANDOTHER

Corporation Law As of

6/30/2013

02123-7 MPX ENERGIA S/A 04.423.567/0001-21

20.01 - OTHER INFORMATION CONSIDERED SIGNIFICANT TO THE COMPANY

Shareholder

Centennial Asset Mining Fund LLC

Total

Quantity

1,000

1,000

% Amount %

100.0 1,000 100.0 100.0 1,000 100.0


36/146

Opinions and Representations / Report of the Audit Committee or Equivalent Body

Not applicable.

PAGE: 29 of 29


37/146

1

Release de Resultados 1T132Q13 Earnings Release

Economic and Financial Performance

The new accounting standards set forth by IFRS 11, which became effective for annual periods beginning on or

after January 1, 2013, eliminated proportionate consolidation as a method to account for jointly controlled entities

(JCE). According to the new standards, JCEs fall within the definition of joint venture and should be accounted for

under the equity method. These standards were applied retroactively to joint ventures held on the date of initial

application. Pecm I and MPX E.ON Participaes are now recognized under the equity method. For comparison

purposes, we also present the 2Q12 statements in accordance with IFRS 11.

1. Net Operating Revenues

In 2Q13, MPX recorded consolidated Net Operating Revenues of R$ 395.1 million, comprised largely by the

revenues from the Regulated Market Power Purchase Agreements (PPA) of Itaqui and Parnaba I, which achieved

full commercial capacity throughout 1H13.

Itaqui

Itaquis net revenues in 2Q13 amounted to R$ 154.3 million. The plant was granted authorization to start

commercial operations on February 5, 2013 and began to be remunerated according to its total capacity (360 MW)

in the beginning of April, 2013. The R$ 46.8 million in revenues from the pass-through of energy acquisition costs

refer to accounting adjustments to the amounts recorded in 1Q13.

Net Operating Revenues Itaqui(R$ million)

Commercial generation 107.5

Fixed Revenue 67.7

Variable Revenue 39.8

Pass-through of the energy acquisition cost 46.8

Total Net Operating Revenues 154.3

Parnaba I

Parnaba I reached its full capacity (676 MW) on April 12, 2013 with the start of commercial operations of the

plants fourth turbine. Net revenues in the quarter amounted to R$ 198.5 million.

Net Operating Revenues - Parnaba I(R$ million)


Fixed Revenue 94.1



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2


Pecm II

Given the postponement of the start of operations, Pecm II had to purchase power in the Free Market in order to

ensure compliance with the plants energy supply agreements until the authorization to start commercial

operations. In 2Q13, the pass-through of this cost to the contracted distributors amounted to R$ 32.6 million.

Pecm II (365 MW) was synchronized to Brazils National Interconnected System on June 2, electrical tests

required by ONS were completed on June 29 and on July 2 the unit demonstrated full design capacity. Declaration

for commercial operation (DCO) is now conditioned to the availability of the new 500kV substation/transmission

line under construction by Chesf/TDG. MPX has filed a request at ANEEL so that appropriate treatment is given to

this case as the company cannot be held liable for delays in transmission systems for which it is not responsible.

ANEEL is currently analyzing the Companys request.

Amapari

Amapari, which controls Serra do Navio TPP, a joint venture between MPX (51%) and Eletronorte (49%), recorded

R$ 9.7 million in net operating revenues in 2Q13, unchanged in relation to 2Q12.

2. Operating Costs

Operating Costs Consolidated

(R$ thousands) 2Q13 2Q12 %

Operating Costs

Personnel (8,434) (922) 814.3%

Material (1,865) (304) 513.7%

Fuel - Diesel and Lubricants (158,132) (16,231) 874.2%

Outsourced Services (12,709) (320) 3867.8%

Leases and Rentals (52,154) 1,149 -4638.2%

Insurance (673) 873 -177.1%

Taxes and Contributions (30) 27 -209.8%

CCC Subsidy 14,451 14,461 -0.1%

Energy Acquired for Resale (76,692) 67,501 -213.6%

Other Costs (96,121) 425 -22712.9%

Total (392,359) 66,658 -688.6%

Depreciation and Amortization (25,972) (1,386) 1774.5%

TOTAL (418,331) 65,273 -740.9%

Consolidated Operating Costs totaled R$ 418.3 million in 2Q13, impacted mainly by an increase of R$ 142.0

million in fuel costs, relative to the same period of the preceding year, due to the beginning of commercial

operations at Itaqui and Parnaba I. The cost of R$ 158.1 million recorded in the quarter is divided into R$ 60.7

million incurred by Itaqui; R$ 80.5 million incurred by Parnaba I and R$ 16.9 million by Amapari.


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The Energy Acquired for Resale account, which amounted to R$ 76.7 million in 2Q13, refers mostly to the

acquisition of energy to fulfill the contractual obligations of Pecm II (R$ 40.8 million) and to accounting

adjustments to the amounts recorded in 1Q13 for Itaqui (+R$ 43.3 million) and Parnaba I (-R$ 7.4 million).

Given the postponement of the beginning of commercial operations at Pecm II, the project had to enter into

power purchase agreements in the free market to ensure compliance with contractual obligations, which provided

for start of energy supply to the integrated system on June 01, 2013. Consequently, in 2Q13, Pecm II incurred in

energy acquisition costs amounting to R$ 40.8 million. As previously mentioned, MPX has filed a request at ANEEL

so that appropriate treatment is given to this case as the company cannot be held liable for delays in transmission

systems for which it is not responsible.

The Other Costs account, which totaled R$ 96.1 million in 2Q13, is mainly composed by transmission charges

(TUST) and compensation for downtime of the power plants (unavailability charges). Unavailability charges are

calculated based on the difference between the actual production of the generating units, when dispatched

according to the order of merit of the system and the authorized capacity. Itaqui and Parnaba I had to reimburse

discos by the difference between the CVU and the spot price for the energy not delivered, where the CVU is the

contracted value for the cost of generation per MWh. In 2Q13, these costs amounted to R$ 49.2 million and R$

20.3 million for Itaqui and Parnaba I, respectively.

3. Operating Expenses

In the quarter, Consolidated Operating Expenses, excluding Depreciation & Amortization, amounted to R$ 41.3

million, a 13.3% reduction compared to 2Q12. In the same period, the holding company posted Operating

Expenses, excluding Depreciation & Amortization, of R$ 29.4 million, compared to the R$ 36.6 million recorded in

2Q12. During the period, the IPCA inflation index rose by 1.2%.

Operating expenses Consolidated Holding

(R$ thousands) 2Q13 2Q12 % 2Q13 2Q12 %

Expenses

Ajusted Personnel (18,845) (22,123) -14.8% (16,484) (16,316) 1.0%

Material (348) (191) 82.5% (60) (100) -40.7%

Outsourced Services (18,222) (19,839) -8.2% (10,565) (15,320) -31.0%

Leases and Rentals (1,611) (2,557) -37.0% (1,031) (2,187) -52.8%

Insurance (327) (78) 316.9% (133) (64) 106.8%

Taxes (103) (165) -37.6% (76) (4) 1947.4%

Other Expenses (1,875) (2,731) -31.3% (1,079) (2,614) -58.7%

Total (41,331) (47,685) -13.3% (29,427) (36,605) -19.6%

Depreciation and Amortization (652) (619) 5.3% (452) (394) 14.6%

TOTAL (41,983) (48,304) -13.1% (29,879) (36,999) -19.2%


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The main variations are as follows:

Personnel: Personnel expenses totaled R$ 18.8 million in 2Q13, compared to R$ 22.1 million reported in

the same period of the preceding year. The highlights are:

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: Expenses with outsourced services in 2Q13 totaled R$ 18.2 million, down 8.2% in

relation to 2Q12. The highlights are:

Decrease in expenses with shared services in the holding company, resulting from the reduction of

EBXs service structure (-R$ 4.4 million);

Increase in IT expenses (+R$ 2.7 million);

Leases and Rents: Expenses with leases and rents decreased R$ 0.9 million in 2Q13 in relation to 2Q12,

mostly due to a reduction in real state rental expenses at the holding level (-R$ 1.2 million). In the end of

July, MPX relocated its Company headquarters so as to co-locate with MPX E.ON Participaes, seeking to

promote further operating efficiencies.

Other Expenses: Other operating expenses totaledR$ 1.9 million in 2Q13, compared to R$ 2.7 million

recorded in 2Q12. The variation is mainly attributable to a decrease in publicity and adverstising expenses

at the holding level.

4. EBITDA

In 2Q13, MPX reported a negative consolidated EBITDA of R$ 38.6 million, impacted mainly by costs associated

with energy acquisition costs and unavailability charges.

Itaqui - Adjusted EBITDA

An approximate analysis of Itaquis adjusted EBITDA, excluding non-recurring revenues and expenses, is

presented below. The assumptions used to adjust figures so as to reflect the plants steady-state operation were:

Revenues related to pass-through of energy acquisition costs eliminated; Costs related to the acquisition of energy to comply with contractual obligations eliminated; Unavailability charges eliminated; Diesel consumption adjusted so as to eliminate increased startup costs and better reflect the plants

steady-state operation, taking into account forseen scheduled and forced maintenance stops.The following table presents a summary of the Itaqui Income Statement, comparing actual and adjusted EBITDA

in 2Q13:


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Itaqui Income Statement

(in R$ million) 2Q13 2Q13 Adjusted

Gross Generated Energy (GWh) 490 490

Energy Sold (GWh) 688 688

Gross Revenues 171.3 119.6

Fixed Revenues 75.2 75.2

Variable Revenues 44.3 44.3

Revenues with Pass Through of EnergyAcquisition

51.7 -

Deductions from Gross Revenue (17.0) (11.9)

Net Operating Revenue 154.3 107.7

Operating Costs (183.0) (67.9)

Costs with Energy Acquisition (56.8) -

Compensation for Downtime (49.2) -

Cost of Coal (46.7) (46.7)

Cost of Diesel Oil (11.6) (2.6)

Other Costs (18.6) (18.6)

Operating Expenses (2.7) (2.7)

EBITDA (31.3) 37.1

EBITDA Margin (%) -20.3% 34.5%

5. Net Financial Result

Financial Result Consolidated

(R$ thousand) 2Q13 2Q12 %

Fx Rate Fluctuations (12,237) 1,076 -1237.3%

Marking-to-market derivatives 26,244 (14,180) -285.1%

Derivatives Settlement (12,608) 2,595 -585.9%

Interest Income 7,498 12,270 -38.9%

Debt Service/Interest expenses (86,924) (8,988) 867.1%

Other (84,902) (54,240) 56.5%

NET FINANCIAL RESULT (162,929) (61,467) 165.1%

In 2Q13, MPX recorded net financial expenses of R$ 162.9 million, compared to net expenses of R$ 61.5 million in

2Q12, impacted mainly by the increase in interest expenses in the holding company (+R$ 26.5 million), Itaqui

(+R$ 32.1 million) and Parnaba I (+R$ 22.4 million). Given the end of the grace period for interest payments on

the Itaqui and Parnaba I long-term debts, interest due, which until then was mostly capitalized, started being

expensed. Higher interest expenses at the holding level are related to the growth in debt motivated by increased

cash needs in the subsidiaries resulting from energy acquisition costs due to delays in the start up of the power

plants.


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The increase in the Companys indebtedness also led to an increase in Other Financial Expenses, attributable to

structuring fees. Other financial expenses were also impacted by advisory fees related to the recent societary

transactions.

6. Equity Income

The company reported a negative equity income of R$ 45.1 million, mainly impacted by losses reported in Pecm

I, Parnaba III and OGX Maranho.

The following analysis considers 100% of the projects. MPX owns 50.0% of Pecm I; 52.5% of Parnaba III and

33.3% of OGX Maranho.

6.1. Pecm I

(Income Statement is available on page 25)

In 2Q13, Pecm I reported net revenues of R$ 227.0 million. On December 1, 2012, Pecm Is first generating unit

(360 MW) commenced commercial operations and started being compensated in accordance with the Regulated

Market Power Purchase Agreements. The second generating unit (360 MW) was granted authorization to begin

commercial operations on May 10, 2013.

Given the postponement of the beginning of commercial operations of the second turbine, Pecm I had to

purchase energy in the free market to ensure compliance with the energy supply agreements until the beginning

of commercial operations. Pursuant to the criteria for monthly pass-through of the cost of energy acquisition

approved by ANEEL on March 5, 2013, pass-through revenues were based on the ICB (ndice de custo-benefcio or

cost-benefit ratio) of the auction in which the energy was contracted (2007 A-5 Energy Auction), adjusted by the

IPCA inflation index.

A breakdown of Net Revenues for Pecm I is presented below:

Net Operating Revenues(R$ million)


Fixed Revenue 91.2


Pass-through of the energy acquisition cost 97.2

Total Net Operating Revenues 227.0

Operating Costs excluding depreciation and amortization, totaled R$ 283.8 million in 2Q13. Costs were impacted

mainly by R$ 133.2 million recorded in the Energy Acquired for Resale account, which refers to the acquisition of

energy to fulfill the contractual obligations of the power plant. Operating costs in 2Q13 were also inflated by costs

associated with downtime (unavailability charges), in the amount of R$ 71.5 million. Unavailability charges are


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calculated based on the difference between the actual production of the generating unit, when it is dispatched

according to the order of merit of the system, and its authorized capacity. Pecm I reimbursed discos for the

energy not delivered by the difference between the CVU and the spot price, where the CVU is the contracted value

for the cost of generation per MWh.

Given the start of operations, fuel expenses became material relative to total Operating Costs, totaling R$ 54.2

million in 2Q13. This account is comprised mainly of coal (R$ 37.6 million) and diesel oil (R$ 10.7 million) costs.

Pecm I reported a negative EBITDA of R$ 63.8 million in 2Q13, mainly impacted by unavailability charges and

losses resulting from the acquisition of energy for the fulfillment of contractual obligations of the second turbine

until authorization for commercial startup.

Net financial expenses amounted to R$ 46.7 million, compared to R$ 28.1 million in 2Q12, impacted mainly by

increased interest expenses related to the end of the grace period of the long-term project loans, in July 2012.

Pecm I reported a net loss of R$ 90.0 million in 2Q13, related mostly to energy acquisition costs and

unavailability charges, as discussed above.

Pecm I - Adjusted EBITDA

An approximate analysis of Pecm Is adjusted EBITDA, excluding non-recurring revenues and expenses, is

presented below. The assumptions used to adjust figures so as to reflect the plants steady-state operation were:

Revenues related to pass-through of energy acquisition costs eliminated; Costs related to purchase of energy to comply with contractual obligations eliminated; Unavailability charges eliminated;

Diesel consumption adjusted so as to eliminate increased startup costs and better reflect the plants

steady-state operation, taking into account forseen scheduled and forced maintenance stops.

The following table presents a summary of the Pecm I Income Statement, comparing the actual and adjusted

EBITDAs in 2Q13:


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Pecm I Income Statement

(in R$ million) 2Q13 2Q13 Adjusted

Gross Generated Energy (GWh) 510 510

Energy Sold (GWh) 844 844

Gross Revenues 256.0 147.0

Fixed Revenues 103.3 103.3

Variable Revenues 43.7 43.7

Revenues with Pass Through of EnergyAcquisition

109.0 -

Deductions from Gross Revenue (29.0) (16.6)

Net Operating Revenue 227.0 130.3

Operating Costs (283.8) (69.6)

Costs with Energy Acquisition (133.2) -

Unavailability Charges (71.5) -

Cost of Coal (37.6) (37.6)

Cost of Diesel Oil (10.7) (1.2)

Other Costs (30.8) (30.8)

Operating Expenses (7.0) (7.0)

EBITDA (63.8) 53.7

EBITDA Margin (%) -28.1% 41.2%

Depreciation and Amortization (25.9) (25.9)

EBIT (89.8) 27.8

Net Financial Income (46.7) (46.7)

Current and Deferred Taxes 46.4 46.4

Net Income (90.0) 27.5

6.2. Parnaba III

(Income Statement is available on page 25)

In April 2013, the acquisition of the entire common stock of the Nova Vencia greenfield project by MPX, MPX

E.ON Participaes S.A. and Petra Energia S.A. was concluded. The total amount paid was R$ 50 million, 35% of

which was paid by MPX, 35% paid by MPX E.ON Participaes S.A. and 30% by Petra Energia S.A., in accordance

to each partners ownership in the project.

The project, renamed Parnaba III, holds an authorization to install a 176 MW thermo power plant and is expected

to startup in 4Q13.

Given the postponement of the beginning of commercial operations, Parnaba III had to purchase energy in the

free market to ensure compliance with the energy supply agreements (which started in January 2013) until the

beginning of commercial operations. Pursuant to the criteria for monthly pass-through of the cost of energy

acquisition, pass-through revenues were based on the ICB (cost-benefit ratio) of the auction in which the energy


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was contracted (2008 A-5 Energy Auction), adjusted by the IPCA inflation index. In the second quarter, net

revenues resulting from the partial pass-through of energy acquisition costs totaled R$ 36.8 million and related

costs amounted to R$ 53.6 million.

6.3. OGX Maranho

OGX Maranhos net revenues in 2Q13 reached R$ 83.9 million, with a cumulative production of 252.4 million m3

of gas in the period. The EBITDA recorded in the second quarter was R$ 40.9 million, a 138.8% increase as

compared to the figure reported last quarter.

OGX Maranho recorded a net profit of R$ 7.0 million in 2Q13. Bottom-line results were also impacted by the

write-off (non-cash) of non-commercially viable wells.

Financial Result OGX Maranho

(R$ thousands) 2Q13 1Q13

Operating Period(1) 92 days 65 dias

Gas Production - in MMm3 (2) 252.4 83.5

Gross Revenues(3) 95,439 39,279

Deductions from Gross Revenues(4)

(11,515) (4,522)Net Revenues 83,924 34,757

Production costs (19,272) (3,597)

Royalties, Special Part. And Government Part. 2,446 (2,718)

G&A Expenses (16,697) (6,317)

Exploration Expenses (9,538) (5,010)

EBITDA 40,863 17,115

EBITDA Margin (%) 48.7% 49.2%

Depreciation & Amortization 4,871 (5,667)

Write-off of wells (16,544) (32,345)

Net Financial Income (18,257) (5,134)

CSLL/IR (3,989) 8,577

Net Income 6,944 (17,454)


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7. Net Income

In 2Q13, MPX reported a net loss of R$ 233.3 million, impacted mainly by acquisition of energy in order to comply

with contractual obligations of Pecm I and Itaqui and by unavailability charges resulting from downtime of the

coal thermal power plants in start-up operation, as explained previously.

Consolidated Income Statement

(R$ million) 2Q13 2Q12 %

Net Operating Revenues 395.1 (56.9) -795.0%

Operating Costs (418.3) 65.3 -740.9%

Operating Expenses (42.0) (48.3) -13.1%

Net Financial Result (162.9) (61.5) 165.1%

Equity Income (45.1) (28.9) 56.4%

Other Revenues/Expenses (1.6) (6.4) -74.9%

Earnings Before Taxes (274.8) (136.9) 101.3%

Taxes Payable and Deferred 41.3 2.8 1363.1%

Minority Interest 0.2 (1.5) -116.2%

NET INCOME (233.2) (135.2) 72.5%

EBITDA (38.6) (37.9) 1.8%

8. Debt

As of June 30, 2013, consolidated gross debt amounted to R$ 5,733.2 million, a 5.0% increase in relation to the

amount recorded as of March 31, 2013.

The balance of short term debt at the end of June 2013 was R$ 2,651.1 million, or R$ 309.1 million higher than

the amount recorded as of March 31, 2013. During 2Q13, MPX raised R$ 330.0 million at the holding level to cover

working capital needs and R$ 100 million at Parnaba II for continuation of works until the disbursement of the

long-term financing packages.

Consolidated gross debt profile (R$ million)

2,65146%

3,08254%

Short Term Long Term

1,64029%

4,09371%

Working Capital Project Finance


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One should note that R$ 845.3 million out of the total balance of short term debt refer to bridge loans from

Parnaba I (R$ 125.1 million) and Parnaba II (R$ 720.1 million), which should be paid-off in 2H13 with the

disbursement of the long-term financing packages. In addition, R$ 276.2 million refer to the current portion of the

long-term debts of Pecm II, Itaqui and Parnaba I.

According to the new IFRS standards, Pecm I is no longer included in consolidated statements. As of June 30,

2013, its gross debt amounted to R$ 1,138.8 million.

In June 2013, the average cost of MPX debt was 8.5% and the average maturity of the debt was 4.6 years.

Debt Maturity Profile* (R$ million)

*Values incorporate principal + capitalized interest + charges and exclude outstanding convertible debentures.

Net debt (total debt less cash and cash equivalents) in 2Q13 amounted to R$ 5,583.7 million, which was 9.6%

higher than the value reported on March 31, 2013.

Consolidated Cash and Cash Equivalents totaled R$ 149.5 million at the end of June 2013, a decrease of R$ 215.2

million as compared to the balance of March 31, 2013 adjusted in accordance with the new IFRS standards.

149,5

1.121,5

138,8237,2 242,1

2.464,12,651.1

1,529.6 Working Capital

Project Finance +bridge-loans

Cash & CashEquivalents

2013 2014 2015 2016 From 2017 on


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Consolidated Cash and Cash Equivalents (R$ million)

9. Capital Expenditures

In 2Q13, MPX invested a total of R$ 552.3 million in the construction of Pecm II, Itaqui and Parnaba I and II,

excluding capitalized interest in the projects of R$ 40.3 million.

Capital Expenditures (R$ million)

2Q13 1Q13

CapexInterest

CapitalizedCapex

InterestCapitalized

Itaqui 54.9 - 65.7 13.7

Pecm II 71.0 23.8 54.0 24.0

Parnaba I 233.9 - 60.7 6.7

Parnaba II 192.5 16.5 125.2 13.7

Total 552.3 40.3 305.6 58.1

Additionally, in 2Q13, MPX invested, through its joint venture with OGX, R$ 28.2 million (considering the MPX

ownership in OGX Maranho) in the exploration campaign in the Parnaba Basin and in the development of the

Gavio Real and Gavio Branco fields. Pecm I invested R$ 27.3 million in the period (considering the MPX

ownership in the Project), excluding capitalized interest of R$ 4.9 million.

364,7

282,3 263,1

218,2

175,8237,4

64,26,4 20,0

149,5

ash and CashEquivalents

(1Q13)

Revenues CAPEX OperatingCosts andExpenses

Debt Service Debt Raised IntercompanyLoan

Contribution ofPartners and

CapitalIncrease

EscrowAccounts

Cash and CashEquivalents

(2Q13)


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Relatrio de Resultados


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Quarterly Information - ITR

MPX Energia S.A.(Publicly held company)

Quarter ended June 30, 2013Report on the Quarterly Information Review


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Notes to the quarterly informationQuarter ended June 30, 2013(In thousands of reais, unless stated otherwise)

1. Reporting entity

MPX Energia S.A. (Company) was founded on April 25, 2001 and is headquarteredin Rio de Janeiro.

Its core activity is the generation of electricity through the development of a diversifiedportfolio of sources, including mineral coal, natural gas and renewable sources. TheCompany has a diversified portfolio of projects, including thermal power plants inBrazil and Chile, in addition to renewable energy projects, such as solar energy. Inorder to integrate its operations it is also implementing natural-gas production andexploration projects in Brazil to supply its power stations and for selling.

The company participates as a quotaholder or shareholder of the companies thatimplement these projects and certain projects will be implemented in partnership withother players in the energy sector. These projects were primarily funded through fundsobtained under the Company's public share offering made on December 14, 2007 andJanuary 11, 2008 (supplementary batch), amounting to R$ 2,035,410, in addition tofinancing and the recent issuance of 21,735,744 convertible debentures on June 15,2011 amounting to R$ 1,376,527. 21,653,300 debentures were converted on May 24,2012, triggering the issuance of 33,255,219 new shares, as a result of the corporatereorganization implemented by the Company.


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Notes to the quarterly information--ContinuedQuarter ended June 30, 2013(In thousands of reais, unless stated otherwise)

2

1. Operations--Continued

On March 28, 2013 the controlling shareholder of MPX Energia S.A., Mr. Eike FuhrkenBatista, entered into an investment agreement with E.ON SE consisting of thefollowing events:

(a) On May 29, 2013 E.ON acquired Company shares held by Eike Batista accountingfor approximately 24.5% of MPX's share capital.

(b) on the date the MPX shares were acquired, E.ON and Eike Batista entered into anew shareholders' agreement, which regulated the exercising of voting rights andrestrictions on the transfer of shares held by them.

(c) On July 03, 2013 the MPX Energia S.A. Board of Directors approved a privatecapital increase of approximately R$ 800 million, with a subscription price fixed atR$ 6.45 per share. The term for exercising preemptive rights started on July 10and ends on August 08. The capital increase process should be concluded by theend of August. The shareholder DD Brazil Holdings S..r.l. submitted a firm sharesubscription commitment in an amount equal to R$ 366,717,349.35 (threehundred and sixty-six million, seven hundred and seventeen thousand, threehundred and forty-nine reais and thirty-five cents) and Banco BTG Pactual S.A.submitted a firm subscription commitment for all surpluses not subscribed by theCompany's shareholders. For further details see Note 29.

(d) The shareholders will subsequently be asked to approve the acquisition by theCompany at equity value of MPX E.ON Participaes S.A., a joint-venturebetween the Company and EON (JV).

As shown in the table below, on June 30, 2013 the economic group includes the

Company and its equity interests in associated companies, direct and indirectsubsidiaries, joint ventures and the Multimercado MPX 63 investment fund. Thecompanies are preoperational except for Amapari Energia S.A., MPXComercializadora de Energia Ltda., MPX Comercializadora de Combustveis Ltda.,MPX Tau Energia Solar Ltda. and OGMP Transporte Areo Ltda., which isoperational, in addition to Porto do Pecm Gerao de Energia S.A., da UTEParnaba Gerao de Energia S.A., MPX Pecm II Gerao de Energia S.A. and UTEPorto do Itaqui Gerao de Energia S.A., which initiated commercial operations inDecember 2012 and February 2013 respectively. For further details about thesubsidiaries see Note 12.


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3


Creation of MPX EON Participaes and partnership with E.ON AG --Continued

* Joint subsidiary.** Associated company.


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4


Directly or by way of its subsidiaries, joint subsidiaries and associated companies, theCompany has been making the investment required to finalize the ventures in itsportfolio and subsequently begin the commercial operation thereof.

Management understands that the Company has capacity to honor all financialcommitments, as it has structured its major ventures using Project Finance, investingcapital of approximately 25% of the total, which takes place on apari passu basis afterfunds arrive from the financiers. These ventures also have Electricity PurchaseContracts in a Regulated Environment - CCEAR, generating guaranteed revenue bycontracts for between 15 and 20 years.

MPX Energia S.A. took out short-term loans in 2012 approximately R$ 800 million tofinance part of the investments made in the projects the same year.

The consolidated debts in June 2013 with commitements within the next 12 month areshown below:

- Up to 3 months: R$ 627 million;- 3 to 6 monts: R$ 1,825 million;- 6 to 9 months: R$ 145 million;- 9 to 12 monts: R$ 52 million.

The short-term debts in force in June 2013, at both the holding company and ventureswere taken out to finance part of the investments made and to meet working capitalrequirements. The Company is working to partially settle and roll forward the holdingcompany's short-term debts considering the following events on its business plan:

- Capitalization from the shareholders of R$ 800 million;- Long-term project finance loan and bridge loans for Parnaba I, Parnaba II, Pecm

II and Itaqui in the amount of approximately R$ 1,850 million. The Company isworking to roll forward approximately R$ 1 billion of its debts.


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5

2. Licenses and permitsMPX Groups is committed to obtaining all the licenses and permits required by law foreach of its facilities and activities. The Company and its investees have the followinglicenses and permits as of June 30, 2013:

Held by Ventures Licenses Expiry

UTE PORTO DO ITAQUI GERAO DE ENERGIA S.A UTE PORTO DO ITAQUI LO 1,101/2012 10/26/2017

TRANSMISSION LINE LO 1,061/2011 12/16/2017

PORTO DO PECM GERAO DE ENERGIA S.A. UTE PORTO DO PECEM I LO 1,062/2012 12/28/2015

PECEM I TRANSMISSION LINE LO 889/2012 9/26/2015

MPX PECM II GERAO DE ENERGIA S.A. UTE PORTO DO PECM II LO 09/2013 2/8/2016

PECEM II TRANSMISSION LINE LI 09/2013 2/15/2015

AMAPARI ENERGIA S.A. UTE SERRA DO NAVIO (incl uding TL) LO 172/20 13 3 years

MPX TAU ENERGIA SOLAR LTDA.

USINA SOLAR TAU 1MW - (including TL) LO 133/2012 2/28/2014

USINA SOLAR TAU 4MW LI 15/2012 3/5/2014

USINA SOLAR TAU (45MW) LP 253/2012 8/15/2015

UTE PARNABA GERAO DE ENERGIA S.A. MARANHO IV AND V LO 559/20 12 12/20/2016

UTE PARNABA II GERAO DE ENERGIA S.A. MARANHO III LI 274/2011 12/27/2013

UTE PARNABA GERAO DE ENERGIA S.A. MARANHO IV AND V LI 273/2011 12/5/2013

MPX ENERGIA S.A. UTE PARNAIB A I LI 111/2012* 5/9/2013

MPX ENERGIA S.A. UTE PARNABA II LI 003/12 11/11/2013

UTE PARNABA IV GERAO DE ENERGIA S.A. PARNABA IV (56.4 MW) LI 033/2013 3/22/2015

UTE PORTO DO AU ENERGIA S.A.UTE PORTO DO AU I LI IN 00882* 10/14/2012

UTE PORTO DO AU II LP IN 15964* 3/1/2013

TRANSMISSION LINE LI IN 019365 4/24/2015

NOVA SISTEMAS DE ENERGIA LTDA.ELICA MARAVILHA LI IN 000208* 5/22/2012

ELICA MUNDUS LI IN 000207* 5/22/2012

MPX ENERGIA S.A. MPX SUL TPP LP 332/20 09* 12/22/2012

UTE MPX SUL ENERGIA LTDA. BARRAGEM MPX SUL LP 601/20 10* 5/21/2012

USINA TERMELTRICA SEIVAL LTDA. UTE SEIVAL LI 589/2009 2/17/2014

SEIVAL SUL MINERAO LTDA. SEIVAL MINE LO No. 9221/2009* 10/20/2013

CENTRAL ELICA MORADA NOVA LTDA. CGE MORADA NOVA LP 0010/2012

8/10/2014

CENTRAL ELICA SO FRANCISCO LTDA. CGE SO FRANCISCO LP 0083/2 012

CENTRAL ELICA MILAGRES LTDA. CGE MILAGRES LP 0084/2012

CENTRAL ELICA SANTA LUZIA LTDA. CGE SANTA LUZIA LP 0085/2 012

CENTRAL ELICA PEDRA VERMELHA I LTDA. CGE PEDRA VERMELHA I LP 0090/2012

CENTRAL ELICA ASA BRANCA LTDA. CGE ASA BRANCA LP 0091/2 012

CENTRAL ELICA SANTO EXPEDITO LTDA. CGE SANTO EXPEDITO LP 0092/2012

CENTRAL ELICA PEDRA VERMELHA II LTDA. CGE PEDRA VERMELHA II LP 0093/2012

CENTRAL ELICA PAU DARCO LTDA CGE PAU DARCO LP 0184/2013 4/26/2015CENTRAL ELICA PEDRA ROSADA LTDA CGE PEDRA ROSADA LP 0187/2 013 5/2/2015

CENTRAL ELICA PAU BRANCO LTDA CGE PAU BRANCO LP 0189/2 013 5/10/2015

CENTRAL ELICA ALGAROBA LTDA CGE ALGAROBA LP 0186/2013 5/6/2015

CENTRAL ELICA UBAEIRA I LTDA CGE UBAEIRA I LP 0188/2013 5/10/2015

CENTRAL ELICA UBAEIRA II LTDA CGE UBAEIRA II LP 0185/2013 5/6/2015

CENTRAL ELICA SANTA BENVINDA I LTDA CGE SANTA BENVINDA I LP 0183/2 013 5/23/2015

CENTRAL ELICA SANTA BENVINDA II LTDA CGE SANTA BENVINDA II LP 0191/2 013 5/10/2015

CENTRAL ELICA BOA VISTA I LTDA CGE BOA VISTA I LP 0268/2 013 6/18/2015

CENTRAL ELICA BOA VISTA II LTDA CGE BOA VISTA II LP 0270/2 013 6/18/2015

CENTRAL ELICA BONSUCESSO LTDA CGE BONSUCESSO LP 0271/2 013 6/18/2015

CENTRAL ELICA PEDRA BRANCA LTDA CGE PEDRA BRANCA LP 0269/2 013 6/18/2015

(*)The renewal of environmental licenses applied for at least 120

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