JUNE 6, 2014

Wilson Sons Meet the Management Day (2014)

2

Disclaimer

This presentation contains statements that may constitute “forward-looking statements”, based on

current opinions, expectations and projections about future events. Such statements are also based on

assumptions and analysis made by Wilson, Sons and are subject to market conditions which are

beyond the Company‟s control.

Important factors which may lead to significant differences between real results and these forward-

looking statements are: national and international economic conditions; technology; financial market

conditions; uncertainties regarding results in the Company‟s future operations, its plans, objectives,

expectations, intentions; and other factors described in the section entitled "Risk Factors“, available in

the Company‟s Prospectus, filed with the Brazilian Securities and Exchange Commission (CVM).

The Company‟s operating and financial results, as presented on the following slides, were prepared in

conformity with International Financial Reporting Standards (IFRS), except as otherwise expressly

indicated. An independent auditors‟ review report is an integral part of the Company‟s condensed

consolidated financial statements.

3

Agenda

• Security Video

• 1Q14 Results

• Macro Trends: Port and Oil & Gas Exploration and Production Infrastruture

• How we are capturing the demand

• Questions & Answers

4

1Q14 Results

5

Highlights so Far

12.3

14.0

1.1

0.1

Highlights

Vigorous growth in Container Terminal volumes;

Strong volumes and ships with greater deadweight in Towage;

Solid Performance in O&G Support Terminals; and

CAPEX 1Q14 by business (USD million)

Consolidated Figures (USD million)

Total 27.5

Appreciation of the BRL positively affected Net Income

1Q14 1Q13 Chg. (%)

Net Revenues 147.7 148.3 -0.4

EBITDA 40.2 36.0 11.7

EBITDA Margin 27.2% 24.3% 2.9 p.p.

EBIT 24.4 22.2 10.0

Net Income 24.3 19.5 24.3

Net Margin 16.4% 13.2% 3.3 p.p.

75.8

52.3

19.6

51%87%

100%

-200%

-150%

-100%

-50%

0%

50%

100%

150%

0,0

10,0

20,0

30,0

40,0

50,0

60,0

70,0

80,0

Port Terminals &Logistics

Towage &Ship Agency

Shipyards

6

April 2014 Operational Data Volumes are still strong...

4,2503,950

4,314 4,3634,623

4,1704,890 4,618

Jan Feb Mar Apr

2013 2014

342

426

367

423437

556

498

554

Jan Feb Mar Apr

2013 2014

58.965.0

71.8 73.775.9 75.6

92.0 89.1

Jan Feb Mar Apr

2013 2014

Container Terminals (RG + SSA) (TEU „000 Handled)

Towage (Harbour Manoeuvres)

Offshore Vessels (Days of Operations – Owned Vessels)

Growth of 21%

Growth of 31% Growth of 6%

Main Loaded Cargoes

Tecon RG Tecon SSA

Rice 20%

Frozen Chicken 13%

Resin 15%

Tobacco 7%

Leather 4%

Others 41%

Cellulose 28%

Chemicals 22%

Iron and other Metals 18%

Food 8%

Rubber 7%

Others 17%

7

Macro Trends:

Port and Oil & Gas Exploration and

Production Infrastruture

8

Economies of Scale promote Containership (R)Evolution The increase in vessels size is an international reality, as a function of efficiency gains

Panamax (1980) 250 x 32 x 12.5

Post Panamax (1988) 285 x 40 x 13

New Panamax (2004) 366 x 49 x 15.2

Triple E (2013) 400 x 59 x 15.5

Length x breadth x draft (m)

290 x 32 x 12.5 Panamax Max (1985)

300 x 43 x 14.5 Post Panamax Plus (2000)

Post New Panamax (2006) 397 x 56 x 15.5

Type Capacity

3,000 – 3,400 TEU

4,000 – 5,000 TEU

12,500 TEU

18,000 TEU

3,400 – 4,500 TEU

6,000 – 8,000 TEU

15,000 TEU

9

Campos and Santos Basins Strong Infrastructure demand in the short term

Barracuda (Petrobras)

Lula (Petrobras)

Jubarte (Petrobras)

Peregrino (Statoil)

Macaé

Santos / Guarujá

Itajaí

Libra Cessão Onerosa Exploration Development Highest fields (production)

Sites with existing offshore bases

Santos Basin

Campos Basin

264 245

163 151

135 117

94 79

Marlim SulRoncador

MarlimLula

JubarteMarlim…

BarracudaPeregrino

Largest producing fields

Petrobras Statoil

Production

(oil production mbbl/d)

Rio de Janeiro / Niterói

10

North and Northeast regions - Results of 11th Bidding Round (ANP) Prospects and challenges in the Equatorial Margin in the medium and long-term

Barreirinhas*

Ceará*

Potiguar

Pernambuco Paraíba

Pará Maranhão

Espírito Santo

Foz do Amazonas*

Source: ANP

66%

13%

18%

43%

50%

50%

88%

68%

69%

70%

34%

88%

82%

57%

50%

50%

13%

32%

31%

30%

T O T A L B R A S I L

F O Z D O A M A Z O N A S

B A R R E I R I N H A S

P E R N A M B U C O P A R A Í B A

P A R Á M A R A N H Ã O

C E A R Á

P O T I G U A R

S A N T O S

C A M P O S

E S P Í R I T O S A N T O

Petrobras Demais

Market Share (# of blocks)

Others Petrobras

11

New frontiers – Navigation distances in the Equatorial Margin

125 km

- There is a significant distance between the concession blocks and the land in Foz do Amazonas, Pará Maranhão and Barreirinhas basins.

- Even with the pre-salt basins, distances are smaller than Foz do Amazonas and Pará Maranhão basins.

Santos

Vitória

Santos

Distance from basin centre to closest location

Santos

Campos

Espírito Santo Vitória

67 NM

135 NM

138 NM

Macapá

São Luís Pecém

Distance from basin centre to closest location

Areia Branca

Pará Maranhão

Barreirinhas

Foz do Amazonas

Ceará

Potiguar

202 NM

127 NM

40 NM

38 NM

246 NM

Belém

389 NM

329 NM

Rio de Janeiro

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Growing demand for supply vessels

13 44

95

43 48 60 74

120

173

211 224

300

47

110 125

110 88 91

130

254 239 245

386

13

91

205

168 158 148 165

250

427 450

469

686

1975 1980 1985 1990 1995 2002 2005 2009 2011 2012 2013 2020

OSV FLEET FORECAST

Brazilians Foreigners Total

Petrobras’ new demands

OSVs fleet forecast for national and foreign flags in service in Brazil Source: ABEAM (Sep/2013)

• 146 supply vessels from 2008 to 2014;

• PSV, ORSV and AHTS – 8 + 8 year contracts;

• 87 vessels contracted by 2013

• 61 under construction;

• 26 operating;

• Apr/2014 (6th round): 23 vessels contracted

• Oct/2014 ( 7th round): + 36 vessels.

5.58%

CAGR 2013-2020

Forecast

13

How we are capturing the demand

14

CAPEX End of a significant investment cycle

Investment Cycle: ~US$ 1.0 bi

39.9 23.9

33.339.2

36.3

55.5 49.0

7.0

2007 2008 2009 2010 2011 2012 2013 2014E

136.9

128.7

226.6

127.5116.3

69.659.3

93.5

149.6166.7

262.9

184.2 185.9

120.0

113.0

15

Infrastructure - before civil works

Infrastructure - after civil works (illustrative)

Oil & Gas Support Base Brasco-Caju Expansion

15

16

Towage Well positioned to meet the demand

Average Bollard Pull (tons) 56 51

% of Azimuthal tugboats 81% 53%

Wilson Sons Competitors

# of Ports served 26 14*

* Considers the best positioned competitor

Fleet Profile Source: Wilson Sons internal data (April/2014)

New Port Facilities bring opportunities

Tugboat Operations Centre Operational efficiency gains

New Tugboats Fleet renewal and increased capacity

Aug/13

Aug/13

Nov/13

Feb/14

Jul/14

Mai/15

May/15

Jun/15

Sep/15

Dec/15

Beginning of

Construction

WS 140

WS 141

WS 142

WS 148

WS 149

WS 143

WS 144

WS 145

WS 146

WS 147

Tugboats

Jun/14

Jul/14

Aug/14

Jan/15

May/15

Dec/15

Dec/15

Feb/16

May/16

Aug/16

Expected

Delivery

Vessel Traffic Monitoring & Information System

Increased safety in operations

Efficiency gains: reduced movement of tugboats

Up to Dec/14, 48 tugboats will be tracked by the system

•Terminal Ponta da Madeira – Pier 4 (MA)

• Refinaria Abreu e Lima (PE)

• Porto do Açu (RJ)

• Porto do Sudeste (RJ)

• Embraport (SP)

• Brasil Terminais Portuários (SP)

Jun/13 WS 139 Jun/14

17

Shipyards: Construction of Offshore Support Vessels Remotely Operated Vehicle Support Vessel (“ROVSV”) for Fugro

18

1012

14

18 19 20

24

2010 2011 2012 2013 2014 2015 2016

Offshore Support Vessels Fleet Evolution

18

USD

18,257

USD

20,865

USD

19,969

USD

20,273

New Vessels:

between USD 28.000 and USD 35.000 (estimated)

Average

Daily Rate

Thank you. Questions?