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BRASIL ECODIESEL S.A. PRESENTATION OF 2Q10 RESULTS BRASIL ECODIESEL S.A. Investor Relations

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Page 1: 2Q10 Presentation

BRASIL ECODIESEL S.A.

NBome

PRESENTATION OF 2Q10 RESULTS

BRASIL ECODIESEL S.A.Investor Relations

Page 2: 2Q10 Presentation

BRASIL ECODIESEL S.A.

Brazilian Biodiesel Market

The Company

Results – 2Q10

Strategy

Page 3: 2Q10 Presentation

BRASIL ECODIESEL S.A.

Brazilian Biodiesel Market

The Company

Results – 2Q10

Strategy

Page 4: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Brazilian Diesel Market - What is Biodiesel?

Technology Raw Material

Key Factor of Success:technology or raw material? “Our goal is to achieve the highest standard

quality in large scale production using

different vegetable oils!”

Page 5: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Brazilian Diesel Market

Brazilian Diesel Market (‘000,000 m³)

Source: National Agency for Petroleum, Natural Gas and Biofuels – ANP.(*) 2009 Forecast

Diesel is the main Brazilian fuel, 42% of all oil derived

fuels and more than 50% of transportation fuels.

Domestic market extremely significant, favoring the development and consolidation

of the sector.

Page 6: 2Q10 Presentation

BRASIL ECODIESEL S.A.

2005 – 2007

Blend: up to 2%

1st Sem/08

Blend: min. 2%

Jul/08 – Jun/09

Blend: min. 3%

Jul/09 – Dec/09

Blend: min. 4%

2010 on

Blend: min. 5%

Biodiesel Law: Mandatory use to increase production

Source: ANP.(1) Forecast considers B5 in 2010.

Current blend percentages are only the

initial stimulus.

Higher blends are already feasible in

engines.

Production growth shows the

success of the program

| Brazilian Diesel Market – National Biodiesel Program

Page 7: 2Q10 Presentation

BRASIL ECODIESEL S.A.

Brazilian Biodiesel Market

The Company

Results – 2Q10

Strategy

Page 8: 2Q10 Presentation

BRASIL ECODIESEL S.A.

Brasil Ecodiesel on the map

| The Company- Brasil Ecodiesel on the map

Biodiesel Plants

Farms

Page 9: 2Q10 Presentation

BRASIL ECODIESEL S.A. | The Company – Board of Administration and Officers

All common shares with equal voting rights

Tag-Along of 100%

None of the board members are executives

Active Fiscal Council

Board Members

Name / Position Age

Carlos Antonio Rocca

Chairman and Independent Board Member69

Wagner Pinheiro de Oliveira

Independent Board Member47

Mauro Fernando Maria Arruda

Board Member 63

Silvio Tini de Araújo

Board Member63

Jose Ferraz Ferreira Filho

Board Member63

Marco Antonio Moura de Castro

Board Member56

Mauro A. Cerchiari

Chief Executive Officer (CEO)56

Charles Mann de Toledo

Investors Relations and New Businesses Officer51

Expedito Parente Júnior

Industrial Officer29

Main Executives

Name / Position Age

Eduardo de Come

Chief Financial Officer (CFO)44

Guilherme Augusto Raposo

Operations Officer43

Corporate Governance

Joel Mendes Rennó

Vice-Chairman72

Page 10: 2Q10 Presentation

BRASIL ECODIESEL S.A. | The Company - Restructuring

Recent Past - Restructuring

Page 11: 2Q10 Presentation

BRASIL ECODIESEL S.A. | The Company – Fulfillment of Contracts Evolution

Fulfillment of Contracts with Petrobras

Page 12: 2Q10 Presentation

BRASIL ECODIESEL S.A.

Brazilian Biodiesel Market

The Company

Results – 2Q10

Strategy

Page 13: 2Q10 Presentation

BRASIL ECODIESEL S.A. | The Company – Strategic Direction for the next 5 years

EQUITIES

Search for alternative raw materials

Viability studies of Jatropha Curcasplantations in BA, MS and other locations.

Search partners for the development of R&D in the agricultural area

Search for raw material supply partnerships for the short and medium terms.

Corporate Restructuring – Headquarters and organizational

Redefinition of the Corporate Image

Creation of the Company’s industrial R&D

Monitoring M&A opportunities in the market

Reallocation of Floriano and Crateús idle assets and the crushing units equipments from Porto Nacional

Activate Iraquara and São Luiz Gonzaga’s crushing units.

Project to improve industrial efficiency

Social Fuel Stamp (Selo Combustível Social) -work with more advanced forms of Family Farming organizations

Search for long term financing

Selling our farms in Piauí, Ceará and Minas Geraisstates

Selling of Crateús crushing unit

SERVICESFIXED INCOME

Strategic Direction

STRATEGICLong Term

OPERATIONALShort Term

DIVESTMENTIdle Assets

“Higher demand for biodiesel , more control of vegetable oil supply, and less interference of the

government.”

Biodiesel Scenario:

Page 14: 2Q10 Presentation

BRASIL ECODIESEL S.A.

Brazilian Biodiesel Market

The Company

Results – 2Q10

Strategy

Page 15: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results – 2Q10 Highlights

Net Revenue of R$107.9 million in 2Q10

Net Income of R$2.5 million with EBITDA of R$9.4 million

Adjusted Net Income(*) of R$3.8 million and Adjusted EBITDA(*) of R$10.5 million in 2Q10

EBITDA Margin of 8.7% and Adjusted EBITDA Margin(*) of 9.8% in 2Q10

Reduction in indebtedness from R$65.8 million (1Q109) to R$65.0 million (2Q10);

Increase of 36.3% in net cash, from R$48.3 million (1Q10) to R$65.9 million (2Q10);

The shares of ECOD were included in Ibovespa and IBrX-50 Index.

(*) Excludes non-recurring revenue of R$ 1.1 million, due to the transfer of the Company’s headquarters to São Paulo.

Page 16: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results– 4Q09 Results

a) Excludes non-recurring revenue of R$11.0 million from accumulated ICMS tax benefits, pursuant to CP07, and R$36.4 million resulting from anaccounting adjustment related to the termination of a contract with Enguia Gen for the provision of biodiesel production capacity.b) Excludes non-recurring revenue of R$10.8 million from ICMS tax benefits, pursuant to CP07.c) Excludes non-recurring revenue of R$ 1.1 million, due to the transfer of the Company’s headquarters to São Paulo.

Page 17: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results – Revenue, Costs and Expenses

a) Excludes non-recurring revenue of R$11.0 million from accumulated ICMS tax benefits, pursuant to CP07.b) Excludes non-recurring revenue of R$10.8 million from ICMS tax benefits, pursuant to CP07.

Page 18: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results – Debt position

Indebtdness (in R$ thousands) 6/30/2009 Part. % 3/31/2010 Part. % 6/30/2010 Part. %

2010 63,788 46.6% - - - -

2011 62,612 45.7% 12,008 23.2% 8,532 17.8%

2012 10,501 7.7% 15,854 30.6% 15,728 32.7%

2013 11 0.0% 15,780 30.4% 15,664 32.6%

2014 0 0.0% 8,204 15.8% 8,142 16.9%

Total 136,912 100% 55,676 100% 48,066 100%

Page 19: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results – Net Profit

1Q10(a) 1Q10(b) 2Q10 2Q10(c)

Adjusted Net Income (25,665) 7,549 2,678 3,807

Adjusted Net Margin 5.45% 2.48% 3.53%

a) Excludes non-recurring revenue of R$11.0 million from accumulated ICMS tax benefits, pursuant to CP07, and R$36.4 million resulting from anaccounting adjustment related to the termination of a contract with Enguia Gen for the provision of biodiesel production capacity.b) Excludes non-recurring revenue of R$10.8 million from ICMS tax benefits, pursuant to CP07.c) Excludes non-recurring revenue of R$ 1.1 million, due to the transfer of the Company’s headquarters to São Paulo.

Page 20: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results – EBITDA

a) Excludes non-recurring revenue of R$11.0 million from accumulated ICMS tax benefits, pursuant to CP07, and R$36.4 million resulting from anaccounting adjustment related to the termination of a contract with Enguia Gen for the provision of biodiesel production capacity.b) Excludes non-recurring revenue of R$10.8 million from ICMS tax benefits, pursuant to CP07.c) Excludes non-recurring revenue of R$ 1.1 million, due to the transfer of the Company’s headquarters to São Paulo.

2Q09 (a) 1Q10 1Q10(b) 2Q10 2Q10(c)

Adjusted Net Income 41,176 149,384 138,543 107,858 107,858

(-) COGS 38,312 119,748 119,748 88,684 88,684

Gross Profit (Loss) 2,864 29,636 18,795 19,174 19,174

Adjusted Net Profit (Loss) (25,665) 18,390 7,549 2,678 3,807

Adjusted EBITDA (1,967) 23,409 12,568 9,410 10,539

Adjusted EBITDA Margin -4.78% 15.67% 9.07% 8.72% 9.77%

Page 21: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results – Prices and Financial Volume Evolution

Price EvolutionIbovespa x Ecod3

(100 basis in Jan/09)

Financial Volume Ecod3

(in million reais)

12 M Average – R$42million

Page 22: 2Q10 Presentation

BRASIL ECODIESEL S.A. | Results – Market Cap and Shareholding Structure

Number of Shares:

725,248,727

Shareholding Structure (%)(06/30/2010)

Market Cap:(07/30/2010)

R$ 645,471,367.03

Number of shareholders: 25,189

Page 23: 2Q10 Presentation

BRASIL ECODIESEL S.A.

P R E S E N T

• IBOVESPA

• IBRX50

• IBX

• IGCX

• ITAG

• SMLL

• IVBX2

• ETF – BlackRock (New York)

P E R S P E C T I V E S

• Carbon Efficient Index

| The Company – Index and ETF

Participation in the main index/ETF:

Page 24: 2Q10 Presentation

BRASIL ECODIESEL S.A.

NBomePhone: 55 11 3137-3114

[email protected]

www.brasilecodiesel.com.br

Investor Relations

BRASIL ECODIESEL S.A.