1. Earnings Presentation 1Q09 Sao Paulo, 05 | 15 | 09

2. Earnings Presentation – 1Q09 Agenda 1 Quarterly performance Actions Segments performance Acquisitions Expectations review 2 3 4 5 Change of accounting rules 6 Net Revenues and Gross Profit 7 Expenses variation 8 EBITDA 9 Financial result 10 Capital Structure and Liquidity 11 Working Capital 12 13 Strengthen of the financing structure of the Company

3. Earnings Presentation – 1Q09 Strengthening the debt structure with a new debt profile Actual Debt Structure Future Debt Structure Actual: 1.8 year maturity ST limitations Uses commercial banking facilities Impacts Company’ Cash Flow Future: 5.3 years maturity ST flexibility Releases commercial banking facilities Reduces impacts Company’ Cash Flow, with conversion

4. Earnings Presentation – 1Q09 Quarterly Performance Net Revenues Gross Profit and Margin 139.5 151.2 +8.4% 48.6 51.0 +4.9% 34,7% 43,1% 3,7% 34,5% 45,7% 15,6%

5. Earnings Presentation – 1Q09 Actions  Designation of a Senior Manager to coordinate the negotiations with suppliers  Impacts will be noticed over the coming quarters  Longer cycle to accounts payable  Lower costs  Higher interaction with customers seeking to increase the foreseeable demand;  New initiatives to increase industrial productivity;  adjustments in personnel;  General expenses reduction;  Implementation of coordinated actions involving all the main managers of business units targeting to accelerate synergy gains.

6. Earnings Presentation – 1Q09 Segments trend Energy Products Metallurgy Flow Control Net revenues trend 1Q09 vs. 1Q08 Energy Products +27.7% Flow Control -14.2% Metalurgia -30.9%

7. Earnings Presentation – 1Q09 Norpatagonica acquisition  Service provider to the Oli & Gas sector with more than 20 years of presence in Neuquen, Argentina  Well strucutured operations to support oil & gas producers in maintaining production.  It will be used as a platform in Argentina to distribute completion tools, coatings, sensors as well as other services.

8. Earnings Presentation – 1Q09 Expectations Review  Energy Products: The 25% projected growth over 2008 will be a result of the conversation of the Company’s backlog.  Flow Control: The market scenario, mainly in the Argentinean business and the trend for the Brazilian Real to appreciate, will be the main factors to affect 2009 fiscal year.  Metallurgy: Management forecasts businesses improvements and positive developments for the coming quarters of 2009, creating opportunities to recover part of the 1Q09 performance. Segment% Change over 2008 Energy Products25% Flow Control-20% Metallurgy-20%

9. Earnings Presentation – 1Q09 Adjustments Law 11,638 – 1Q08 Loss of the quarter ended in March, 31st 2008 (comparative)Consolidated By Law 11,638/07 and MP 449/08 (4,421) Exchange result over investments abroad (1,485) Remuneration based in shares (stock option) 806 Intangible assets write-off 270 Present value adjustment 523 Deferred taxes over adjustments (196) Equity pick-up effect over adjustments - By the accounting rules in place in 2007 (4,503)

10. Earnings Presentation – 1Q09 Net Revenues and Gross Profit Net Revenues Gross Profit and Margin 139.5 151.2 +8.4% 48.6 51.0 +4.9% 34.7% 43.1% 3.7% 34.5% 45.7% 15.6%

11. Earnings Presentation – 1Q09 Expenses +31.9% 20.4 26.9 +30.0% +84.1% -0.5% +28.7% -25.5% +6.7% +43.2% 3.7 23.2

12. Earnings Presentation – 1Q09 EBITDA -11.0% 33.3 29.7 26.6 3.1

13. Earnings Presentation – 1Q09 Financial Result

14. Earnings Presentation – 1Q09 * Numbers in R$ million Short Term Long Term Cash Working Capital Current Assets 690.2 Debt with Maturity 606.4 Liquidity 83.8 Capital Structure and Liquidity

15. Earnings Presentation – 1Q09 Working Capital

16. Earnings Presentation – 1Q09 IR Contacts Thiago Alonso de Oliveira CFO & IRO Cynthia Burin IR Manager ir@lupatech.com.br Telephone: +55 (11) 2134-7000/7088 www.lupatech.com.br