FORJAS TAURUS S.A.

Highlights

June - 2011

I. Main highlights in the semester

II. Consolidated net income

III. Consolidated outcomes

IV. Consolidated financial status

V. Capital market

VI. Guindance 3T11

Content

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I. Main highlights in the semester

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► Consolidated net income of R$ 318,4 million in 1S11. 2,7% growth in comparison with 1S10.

Local market reached R$ 145,1 million, +11,6% over 1S10 and, the international market recordedR$ 173,3 million, -3,8% over 1S10.

► Helmets for motorcycle riders segment reached net income 29,4% higher in 1S11 than in 1S10.

The segment represented 17,8% of the consolidated net income total.

► Gross profit recorded R$ 119,8 million in 1S11 compared to R$ 137,2 million in 1S10.

Reduction influenced by the real currency appreciation and by the increases in productioncosts and raw-materials in the guns and helmets for motorcycle riders segments, respectively.

► Reduction of 2,6% in the net operational expenses.

In 1S11, the net operational expenses represented 26,3% of the consolidated net income, 1,7pp below the 27,7% recorded in 1S10.

II. Consolidated net income – Em millions of R$ - share %

By market By product (1S11)

By country (1S11) Exports – In millions of US$

Guns

R$ 223,8 70,3%

OthersR$ 23,2 7,3%

MachinesR$ 14,6 4,6% Helmets

R$ 56,8 17,8%

Total net income: R$ 318,4Local market Foreing market

1Q10 1Q11 2Q10 2Q11 1S10 1S11

147,3164,6 162,8 153,9

310,1 318,4

43%

57%

45%

55%

41%

59%

46%

54%

42%

58%

46%

54%

+2,7%

BrazilR$ 145,1 46%

United StatesR$ 144,8 45%Argentina

R$ 2,5 0,8%

FilipinesR$ 2,8 0,9%

OthersR$ 23,2

7,3%

212,7

185,7

54,044,2

52,9

109,299,3

107,0

1Q111Q101Q0920102009 1S09 1S10 1S11

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III. Consolidated outcomes 1S11 – In millions of R$

Gross margin per segment Gross profit and total gross margin

42,2% 42,1%

- 9,4%

12,5%

-10,0%

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

60,0%

Guns Helmets

Machines

Others

EBITDA and EBITDA margin Net profit

287,5 289,3

61,2 59,7

137,2 119,8

44%

37% 38% 39% 44% 38%

2009 2010 2Q10 2Q11 S10 S11

133,7 137,1

32,2 24,4

71,0

51,9

20% 20% 20% 16% 23% 16%

2009 2010 2Q10 2Q11 1S10 1S11

2009 20102Q10 2Q11

1S10 1S11

52,0

70,3

19,2

- 0,2

34,0

6,9

+35,2%

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III. Consolidated outcomes – In millions of R$

Main economic – financial indicators

Quarter Semester

2Q10 2Q11 Variation 1S10 1S11 Variation

Net income 162,8 153,9 -5,5% 310,1 318,4 +2,7%

Local market 66,6 70,8 +6,3% 130,0 145,1 +11,6%

Foreing market 96,2 83,1 -13,6% 180,1 173,3 -3,8%

Gross profit 61,2 59,7 -2,5% 137,2 119,8 -12,7%

Gross margin-% 37,6 38,8 +1,2 p.p. 44,2 37,6 -6,6 p.p.

Operational profit (EBIT) 22,6 16,6 -26,4% 51,2 36,0 -29,6%

Net earnings 19,2 (0,2) - 34,0 6,9 -79,6%

Net margin - % 11,8 -0,1 -11,7 p.p 11,0 2,2 -8,8 p.p.

EBITDA 1 32,2 24,4 -24,3% 71,0 51,9 -26,9%

EBITDA margin - % 19,8 15,8 -4,0 p.p. 22,9 16,3 -6,6 p.p.

Total assets 923,8 960,7 +4,0% 923,8 960,7 +4,0%

Stockholders´equity 441,5 459,6 +4,1% 441,5 459,6 +4,1%

Investments 14,4 12,8 -11,4% 24,0 27,1 +13,0%

1 - EBITDA = earnings before interests, taxes, depreciation and amortization.

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III. Consolidated outcomes – In millions of R$

Outcomes per business segment

Semester Net income Gross earmings Gross margin Earnings before taxes

1S10 1S11 Var. 1S10 1S11 Var. 1S10 1S11 Var. 1S10 1S11 Var.

Guns 208,8 223,8 7,1% 111,2 94,4 -15,1% 53,2% 42,2% -11,0 p.p. 39,7 19,5 -50,9%

Helmets 43,9 56,8 29,4% 19,2 23,9 24,8% 43,7% 42,1% -1,5 p.p. 12,5 19,8 58,4%

Machines 28,8 14,6 -49,2% 1,9 (1,4) 6,9% -9,4% (5,0) (11,9)

Others 28,6 23,2 -18,6% 4,9 2,9 -41,1% 17,2% 12,5% -4,7 p.p. 1,6 (5,1)

Total 310,1 318,4 2,7% 137,2 119,8 -12,7% 44,2% 37,6% -6,7 p.p. 48,8 22,1 -54,6%

Quarter Net income Gross earnings Gross margin Earnings before taxes

2Q10 2Q11 Var. 2Q10 2Q11 Var. 2Q10 2Q11 Var. 2Q10 2Q11 Var.

Guns 105,6 108,1 2,3% 48,4 50,9 5,2% 45,9% 47,1% +1,2 p.p. 15,1 9,7 -35,8%

Helmets 23,2 28,8 24,4% 10,0 12,4 24,7% 43,0% 43,1% +0,1 p.p. 9,4 12,1 28,6%

Machines 18,7 6,0 -67,9% 1,6 -1,9 8,8% -31,8% (1,4) (6,7)

Others 15,3 11,0 -28,4% 1,2 -1,7 7,7% -15,7% 0,4 (8,9)

Total 162,8 153,9 -5,5% 61,2 59,7 -2,5% 37,6% 38,6% +0,9 p.p. 23,5 6,3 -73,2%

Indebtedness composition – In millions of R$

Amounts in millions of R$

31-12-2010 30-06-2011 Variation

Short-term indebtedness 123,3 37,4% 139,5 42,3% 13,1%

Long-term indebtedness 206,7 62,6% 190,4 57,7% -7,9%

Gross indebtedness 330,0 329,9 -

(-) Availabilities and financial investments 188,7 187,0 -0,9%

Netindebtedness 141,3 142,9 +1,1%

EBITDA 137,9 119,8 (1) -13,1%

Netindebtedness / EBITDA 1,02 x 1,19 x +0,17 x

EBITDA/Financial expenses, net 18,1 x 9,2 x (1) -8,9 x

(1) Amount referent to EBITDA 12 months in the period ended 30-06-2011

IV. Consolidated financial status

14,5

51,2

19,0

68,255,9

4,511,4

105,3

22,3

44,1

16,8

76,8

61,1

7,8 10,7

90,3

FINAME FINEP BNDES W. capital R$ W. capital US$

Currencywithdrawals

FNE Debêntures

31/12/2010 30/06/2011

V. Capital market

Performance of the Forjas Taurus S.A. shares – BM&FBovespa

30-06-10 30-12-10 30-06-11

(i) Shares price - R$ History

ON (FJTA3) 5,30 5,50 3,36

PN (FJTA4) 5,00 4,10 3,40

(ii) Quantity of shares

ON 42.744.720 42.744.720 47.019.192

PN 85.489.440 85.489.440 94.038.384

128.234.160 128.234.160 141.057.576

(iii) Market value – In millions of R$

ON 226.547 235.096 157.984

PN 427.447 350.507 319.731

Total 653.994 585.603 477.715

VI. Guindance 3T11

Consolidated net income R$ 197 million

Consolidated EBITDA R$ 30 million

Consolidated investments R$ 10 million

• This reporting contains, or proposes to contain, forecasts and estimations, which reflect the

goals and expectations of Forjas Taurus S.A.’ Board of Directors (“Forjas Taurus” – FJT, FJTA3).

• Such information are subjected to several events which realization cannot be assured by

Taurus, including, but not limited to, the maintenance of the macroeconomic scenario and

of the economic and financial indicators. Such information is not merely basead on historical

facts, but also reflect objectives and expectations. The words “anticipate”, “desire”,

“expectation”, “forecast”, “intend”, “plan”, “predict”, “prognosis”, “assistance”, and similar

vocabulary, written or spoken, intend to identify the affirmations that necessarily involve

know and unknown risks.

• This reporting is based on events that took place until 30-06-2011, given that Forjas Taurus S.A.

is not under obligation to update such data and highlights that the investors must consult the

public documents available on the following websites: www.cvm.gov.br,

www.bovespa.com.br and www.taurusri.com.br (annual reports, quarter results, accounting

statements and others).

• Forjas Taurus S.A is not responsible for transactions or investment decisions based on the

information presented herein.

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CONTACT INFORMATION:

Dennis Braz GonçalvesDirector of Investors’ Relations

Edair DecontoExecutive Director of Investors’ Relations

T: (51) 3021-3000

E-mail: ri@taurus.com.brwww.taurusri.com.br

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