presentation road show marcopolo april2008

April, 2008.April, 2008.

José Rubens de la Rosa - José Rubens de la Rosa - CEO CEO Carlos Zignani - Carlos Zignani - Investor’s Relations Investor’s Relations DirectorDirectorJoão Luiz Borsoi - João Luiz Borsoi - Investor’s Relations Investor’s Relations ManagerManager

NON-DEAL ROAD SHOWNON-DEAL ROAD SHOW

Founded in 1949Founded in 1949Total area of facilities Total area of facilities Brazil and Abroad Brazil and Abroad 238,000 m² 238,000 m² Total Area Total Area Brazil and Abroad Brazil and Abroad 1,888,000 m²1,888,000 m²Production Capacity Production Capacity BrazilBrazil 75 units/day75 units/day(without TMML & Russia)(without TMML & Russia) Brazil and AbroadBrazil and Abroad 110 units/day110 units/dayNo. of employees No. of employees BrazilBrazil 9,9239,923 Brazil and AbroadBrazil and Abroad 12,311 12,311 No. of plants No. of plants BrazilBrazil 33 AbroadAbroad 1010Net Revenues 2007 Net Revenues 2007 R$ millionsR$ millions 2,129.2 2,129.2 Net Profit 2007Net Profit 2007 R$ millionsR$ millions 132,3132,3Dividends 2007Dividends 2007 R$ millionsR$ millions 75,0 75,0 (56.7% Net (56.7% Net Profit) Profit) 2continue ...

WHAT IS MARCOPOLO ...

• One of the world’s largest bus body manufacturersOne of the world’s largest bus body manufacturers

• Leadership position in Brazil with 40% market shareLeadership position in Brazil with 40% market share

• One of the most recognized brands in the global bus industryOne of the most recognized brands in the global bus industry

• State of the art production technologyState of the art production technology

• Integrated production of nearly all parts used in Integrated production of nearly all parts used in manufacturingmanufacturing

• Complete product line: coaches, city buses, midi, micro and Complete product line: coaches, city buses, midi, micro and minibuses minibuses

3

WHAT IS MARCOPOLO ...

COMPANY’sCOMPANY’sORGANIZATIONALORGANIZATIONAL

STRUCTURESTRUCTURE

Fiscal Council

ShareholdersShareholders

Heir´s Council

Service Providers Businesses

CEOCEO

Board of Board of AdministrationAdministration

Executive

HR and Ethic

CommitteesInternal Audit

Statutory Audit

Estrategy

Audit and Risk

CO

RP

OR

ATI

ON

CO

RP

OR

ATI

ON

LCV LCV BusinessBusiness

Financial Financial ServicesServices

CFOCFO

AdministrativeAdministrativeDirectorDirector

Plastics Plastics BusinessBusiness

International International OperationsOperations

(China / (China / India / Russia)India / Russia)

Bus Business Bus Business (Caxias, Ciferal, (Caxias, Ciferal,

Colômbia, México, Colômbia, México, South Africa)South Africa)

Estrategy, New Estrategy, New Markets & Markets &

Marketing Direct.Marketing Direct.

5

Loma Hermosa - Argentina

Rio de Janeiro - Brasil

Cota - Colombia

Monterrey - Mexico

Coimbra - Portugal

Johannesburg - South Africa

Changzhou - China(components)

Golitsino & Pavlov - Russia

Dharward & Lucknow - India

WORLDWIDE PRESENCE …

6

Caxias do Sul - Brasil(Planalto & Ana Rech)

7

WORLDWIDE PRESENCE …

THE CHASSI

UNDERSTANDING MARCOPOLO PRODUCT ...

8

BUS BODY

THE PRODUCT ...

9

•Sales/Distribution LogisticSales/Distribution Logistic• Global Presence: market diversificationGlobal Presence: market diversification• Custom-made productsCustom-made products

• Competitive costsCompetitive costs• Verticalization & Global Sourcing Verticalization & Global Sourcing • Economies of scale/Large VolumesEconomies of scale/Large Volumes• Human Resources/trainning/motivationHuman Resources/trainning/motivation

•TechnologyTechnology• Broad product lineBroad product line• Unique manufacturing systems & processesUnique manufacturing systems & processes• Technologycal autonomy Technologycal autonomy (slide eleven)(slide eleven) 10continue ...

STRONG POINTS ...

11

TECHNOLOGY TRANSFERS ...

•ProfitabilityProfitability• Economic value added philosophyEconomic value added philosophy

• Corporate GovernanceCorporate Governance• Bovespa Level IIBovespa Level II• Board of DirectorsBoard of Directors• Board of Directors CommitteesBoard of Directors Committees• Fiscal CouncilFiscal Council• Heir’s CouncilHeir’s Council• Code of ConductCode of Conduct

• Profitability: (2003/2007)Profitability: (2003/2007)• Increase in net profits: Increase in net profits:

1.6 times1.6 times• Increase in revenues: Increase in revenues:

1.7 times1.7 times• Increase in production:Increase in production:

1.3 times1.3 times• Shares price appreciation and market value: Shares price appreciation and market value:

3.0 times3.0 times

12

STRONG POINTS ...

• To achieve higher rates of revenue growthTo achieve higher rates of revenue growth

• To be present in highly populous/developing countriesTo be present in highly populous/developing countries

• Markets diversification, to minimize effects from fluctuations in Markets diversification, to minimize effects from fluctuations in demand and from economic and political risksdemand and from economic and political risks

• Extend the geographic range of manufacturing and supply centersExtend the geographic range of manufacturing and supply centers

• Benefit from economies os scaleBenefit from economies os scale

GROWTH STRATEGIES ... WHY INTERNATIONAL EXPANSION

13

14

RUSSIAN BUSSES MARCO - HIGHLIGHTS ...

15

TATA MARCOPOLO MOTORS LIMITED - HIGHLIGHTS ...

16

2008 MAIN OBJECTIVES ...

• Speed up local manufacture of parts by foreign subsidiariesSpeed up local manufacture of parts by foreign subsidiaries

• Establish parts mfg centers in low cost countriesEstablish parts mfg centers in low cost countries

• Increase market effort directed to most profitable and Increase market effort directed to most profitable and differentiated productsdifferentiated products

• Exploit new market niche (School Bus)Exploit new market niche (School Bus)

• Increase EBITDA and stockholders returnsIncrease EBITDA and stockholders returns

• Foster training and continuing development of employeesFoster training and continuing development of employees

BRAZILIAN BRAZILIAN BUS BODY PRODUCTION BUS BODY PRODUCTION

& MARKET SHARE& MARKET SHARE

27,952

21,381 25,280

26,983

32,027

31.6%34.1%

46.9%

35.4%32.8%

0

7.000

14.000

21.000

28.000

35.000

2003 2004 2005 2006 20070,0%

30,0%

60,0%

Brazilian Bus Body Production ExportsSource: Simefre18

BRAZILIAN BUS BODY PRODUCTION (units) & EXPORTS (%) ...

+14.6%

47.0% 45.9%42.8%

39.2%41.5%

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

2003 2004 2005 2006 2007

MP/ Ciferal

Busscar

Caio/InduscarComil

Neobus

Mascarello

Others (*)

Source: Simefre

(*) Irizar, Maxibus.

19

MARKET SHARE (%) ...

MARCOPOLO MARCOPOLO SUMMARY OF RESULTSSUMMARY OF RESULTS

GLOBAL PRODUCTION (units) ...

64.047.158.863.8

36.4

36.2 41.2 42.1

57.9

36.0

52.9

2003 2004 2005 2006 2007 2008E

63.6DM

EM

Global Production

20,000

14,82415,509

17,807

13,624

2007 Global Product Breakdown

Urban Buses46.4%

Micro Buses10.7%

Mini Buses0.8%

Volare17.7% Intercity

Buses 4.4%

21

15,105

+12.3%

2008E = Forecast

CONSOLIDATED REVENUES (R$ Million) ...

50.6 47.3 44.5 53.1

42.2

60.9

49.452.7 55.5 46.9

39.1

57.8

2003 2004 2005 2006 2007 2008E

DM

EM

2,300.0

1,709.1 1,750.31,605.4

2007 Net Revenues Breakdown

Urban Buses28.8%

Micro Buses5.2%

Mini Buses 0.7%

Parts/ Others 12.7%

Chassis3.0%

Volare16.5%

Intercity Buses 33.1%

Consolidated Revenues

22

2,129.2

1,288.5

+8.0%

US$ 2.89 2.65 2.34 2.14 1.77 1.802008E = Forecast

GROSS PROFIT, NET PROFIT (R$ Million) AND MARGINS (%) ...

362.5329.7

257.2273.4

249.8

18.8 17.015.117.019.4

2003 2004 2005 2006 2007

Gross Profit and Margin

23

+9.9%

120.8

82.485.080.9

6.9 6.24.85.36.3

2003 2004 2005 2006 2007

Net Profit and Margin+9.5%

132.3

US$ 2.89 2.65 2.34 2.14 1.77

24.726.0

19.322.323.8

2003 2004 2005 2006 2007

ROE (%) , EBITDA ADJUSTED (R$ Million) AND MARGIN (%) ...

Return on Equity (ROE)

229.1206.3

150.9156.0142.4

11.8 10.88.89.711.1

2003 2004 2005 2006 2007

EBITDA Adjusted and Margin

24

-1.3pp

+11.1%

US$ 2.89 2.65 2.34 2.14 1.77

21.6

49.6

-9.4

26.6

2003 2004 2005 2006 2007

TSR - TOTAL SHAREHOLDERS RETURN (%) ...

25

112.2

TSR Annual Average = 40.1%

TSR or Total Shareholders Return reflects the capital gains plus dividend paid within the period.

TSR TSR 20072007

Dividends + capital gains Share price at begining of

period

0.3353 + (7.20 – 5.95) 5.95

=

TSRTSR = = 26.6%

TSR - TOTAL SHAREHOLDERS RETURN ...

26

CAPITAL EXPENDITURES AND NET INDEBTDENESS (R$ Million) ...

125.1

186.1

115.4

53.7 142.3

181.7

32.9

2003 2004 2005 2006 2007

Net IndebtdenessCapital Expenditures

47.5 48.9

24.7

40.4

109.6

95.4

2003 2004 2005 2006 2007 2008E

86.5

Note: = Financial Segment = Industrial Segment 27

324.0

2008E = Forecast

28

CAPITAL EXPENDITURES FORECAST 2008 ...

CONSOLIDATED RESULTS (R$ Milion) ...

29

6%4%

7%2% 2%

15%

64%

PAULO BELLINI E VALTER GOMES PINTO CENTRUS

BRADESCO FUNDAÇÃO MARCOPOLO

BANESPREV - FUND. BANESPA BNDES PART. S. A. - BNDESPAR

OUTROS ACIONISTAS

CONTROLING SHAREHOLDERS:CONTROLING SHAREHOLDERS:

in 12/31/2007in 12/31/2007

VOTING SHARES OWNERSHIP ...

30

5%

24%

4%

1%

51%5%

1%

9%

PAULO BELLINI E VALTER GOMES PINTO ACIONISTAS NO EXTERIOR

JOSÉ ANTONIO FERNANDES MARTINS CAIXA PREV. BCO. BRASIL - PREVI

BNDES PART. S.A BNDESPAR FUNDO ADM. INV. PROFISSIONAL

FUNDAÇÃO MARCOPOLO OUTROS ACIONISTAS

CONTROLING SHAREHOLDERS:CONTROLING SHAREHOLDERS:

PREFERED SHARES OWNERSHIP ...

31

in 12/31/2007in 12/31/2007

Marcopolo vs Ibovespa

32

STOCK PERFORMANCE ...

dec-06 mar-07 june-07 sept-07 dec-07

R$ 5.95

44,473 points

R$ 7.20

63,886 points

POMO4 = + 21.0%IBOVESPA = + 43.7%

33

MARKET VALUE (R$ Million) ...

652.5

1,334.1

1,614.4

123.3238.8 257.9

363.2475.4 538.1

766.8

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

+21.0%

Note: The figures were updated to reflect the 100% bonus granted after the Board Meeting held on August 25, 2006.

49.357.641.852.9

44.9

0,0

20,0

40,0

60,0

80,0

100,0

120,0

140,0

2003 2004 2005 2006 2007

Net Profit Pay Out (in % ) Dividends(Company)

AVERAGE PAY AVERAGE PAY OUT: 49.5%OUT: 49.5%

NET PROFIT & DIVIDENS PAY OUT (R$ million) ...

34

51.6

20.311.9

93.4

114.7 119.6

2005 2006 2007Number of TransactionsTotal of Traded Shares (millions)

STOCK PERFORMANCE ...

Number of Transactions and Total of Traded Shares (quantity)

Amount of Transactions and Co. Market Value (R$ million)

35

863.8

424.8247.8

1,334.1

654.0

1,614.4

2005 2006 2007

Amount of Transactions Co. Market Value

COMPANY PLANTSCOMPANY PLANTS

CAXIAS DO SUL/RS - BRAZIL

ANA RECH

37

CAXIAS DO SUL/RS - BRAZIL

PLANALTO

38

DUQUE DE CAXIAS/RJ - BRAZIL

CIFERAL IND. DE ÔNIBUS LTDA.

39

COIMBRA - PORTUGAL

MARCOPOLO INDÚSTRIA DE CARROÇARIAS LTDA.

40

SUPERPOLO S/A - NEW PLANT

41COTA - COLOMBIA

JOHANNESBURG – SOUTH AFRICA

MARCOPOLO SOUTH ÁFRICA (PTY) LTD.

42

MONTERREY - MEXICO

POLOMEX S.A. DE C.V.

43

GOLITSINO - RUSSIA

RUSSIAN BUSES MARCO

44

LUCKNOW - INDIA

TATA MARCOPOLO MOTORS LMTD.

45

CAXIAS DO SUL/RS - BRAZIL

NEOBUS – SAN MARINO ÔNIBUS E IMPLEMENTOS LTDA.

46

LOMA HERMOSA - ARGENTINA

METALPAR

47

Carlos ZignaniInvestor’s Relations Directorcarlos.zignani@marcopolo.com.brPhone: (55) 54 2101.4115

João Luiz BorsoiInvestor’s Relations Manager joao.borsoi@marcopolo.com.brPhone: (55) 54 2101.4660

www.marcopolo.com.br48

INVESTOR’s RELATIONS ...

This presentation contains future information. Such information is not simply historical facts, but reflects the desires and the expectations of the Company’s leadership. The words anticipates, desires, hopes, forecasts, intends, plans, predicts, projects, wishes and similar ones, intend to identify affirmations that necessarily involve known and unknown risks. Known risks include uncertainties that are not limited to the impact of the competitiveness of the prices and services, market acceptance of services, the Company’s service transitions and its competitors, the approval of regulations, currency, fluctuation in the exchange rate, changes in the mix of services offered, and other risks described in the reports of the Company. This presentantion is updated until the present date. However, Marcopolo is not obligated to update it with new information and/or future events.

49

OBSERVATION ...