Brazilian-American Capital and Investment Exchange Analysis

12 120% Change in Share of Total FDI Announced by Brazil in the United States by Activity 100% 80% 60% 40% 20% 000 ooo 00 00 QQ Between 2003 and 2014, the FDI announced by Brazil in the United States was strongly dispersed across different activities. Although manufacturing represented the largest average share of the amount invested during the 12-year period (around 45%), in at least four periods its total was zero or close to zero. Nevertheless, in the six-year periods of 2003-2008 and 2009- 2014, its average share was 42.2% and 46.4%, respectively. Extractive activities' average share fell over the two periods, from 46.2% to 13.8%. Among the 15 leading Brazilian companies that announced FDI in the United States from 2003 to 2015, the most notable was Petrobras, which accounted for more than 25% of the total amount in the period. JBS and Gerdau are other noteworthy companies, given that, together with their American subsidiaries and affiliates, they represented another 20% of the total sum. Furthermore, the selected companies cover more than 10 different sectors. 0% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 ■Manufacturing Extraction ■Electricity Others Source: FDI Markets / * Up to January FDI Announced by Brazil in the United States: 15 Main Companies by Amount (Accumulated Amount, 2003-2015*) Company Petrobras JBS Swift & Co Gerdau Macsteel Brace Pharmaceuticals Houston American Cement JBS USA Holdings Sector Investment (US$ million) Share (%) Oil & Gas 1,213 26.3% Renewable Energy / Food Metals 245 5.3% 218 4.7% Pharmaceuticals 200 4.3% Construction Materials 200 4.3% Food & Tobacco 177 3.8% Fitesa Textiles 170 3.7% Santana Textiles 170 3.7% Embraer Aerospace 159 3.5% US Zinc Chemicals 153 3.3% Gerdau Ameristeel Metals 128 2.8% U.S. Zinc Chemicals 92 2.0% Oxiteno Chemicals 83 1.8% Santana Textiles Textiles 80 1.7% Providencia USA Inc Plastics 80 1.7% Source: FDI Markets / * Up to January Other 1,248 27.0% 13

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