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PDF, 423 Kb - mahle

PDF, 423 Kb - mahle

MAHLE Metal Leve S.A. -

MAHLE Metal Leve S.A. - Consolidated Financial Management Net financial result (R$ million) 1Q12 1Q11 Var. Accum 2012 (jan-Jun) Accum 2011 (jan-Jun) Interests, net (6.8) (1.5) (5.3) (9.0) (2.9) (6.1) Adjustment for inflation, net (4.3) (5.0) 0.7 (8.2) (9.2) 1.0 Exchange rate variation, net 9.7 2.3 7.4 14.7 6.0 8.7 Other (2.1) (1.9) (0.2) (2.5) (2.4) (0.1) Financial income (expenses), net (3.5) (6.1) 2.6 (5.0) (8.4) 3.5 Var. Net Financial Result: R$ 5.0 milion (negative) in the period of January to June 2012 – Positive impact: exchange rate variation on assets because of the depreciation of the Brazilian real against foreign currencies – Negative impact: payment of a higher net interest The variation of the Net Financial Result: R$ 3.5 million more favorable in the same period 14 MAHLE Metal Leve S.A., FMC, August 2012 © MAHLE

MAHLE Metal Leve S.A. - Consolidated Financial Management Net indebtedness R$ million Liabilities As of As of As of 06/30/2012 12/31/2011 06/30/2011 Financings: 559.2 692.5 780.6 .short term 522.4 488.8 332.5 .long term 36.8 203.6 448.0 Assets: Cash / banks / cash investments (238.2) (342.2) (546.4) Net indebtedness 321.0 350.3 234.1 Indebtedness: – Beyond a positive operating cash generation, the amortization of financings marked the period – Extension of the indebtedness structure: process of funding with BNDES in the amount of R$ 162.5 million 15 MAHLE Metal Leve S.A., FMC, August 2012 © MAHLE