Investor Presentaiton

Financial Highlights - R$ million CAGR: +61.3% 63 50 EBITDA CAGR: +6.3% 210 98 77 68 Net Result Exchange Variance and Goodwill Amortization Impact** 22.2 (1.6) (3.5) (57.8) (99.2) 97.9 32 24 15 2005 2006 2007 2008* 2009* 2010* 2005 2006 2007 2008* (24) 2009* 2010* (50) *IFRS **Goodwill Amortization: until 2007 only (BR GAAP) C (73) LUPATECH 3

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