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Investor Presentaiton

Where we could be headed: Growth of Employed Population x Formal Jobs 9.0% 7.0% 5.6% 5.0% 3.0% 1.0% -1.0% -3.0% 6.7% 6.4%- 5.5% 4.6% 3.3% 3.4% 3.0% 3.0% 1.8% 1.6% 1.3% 0.7% -4.2% -5.0% 2003 2004 2005 2006 2007 2008 2009 I Employed Population Formal Jobs Source: IBGE DYNAMO Administração de Recursos
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