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Institutional Presentation March 2017 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

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Institutional Presentation

March 2017

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This information is property of Wilson Sons and can not be used or reproduced without written permission

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.

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Wilson Sons at a Glance

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7.14 4.68 3.18 2.37 * 1.80 * 1.53 * 0.69 *

2010 2011 2012 2013 2014 2015 2016

GROUP WS: 2010 - 2016² LOST TIME INJURY FREQUENCY RATE (LTIF)

LTIF EMPLOYEES AND CONTRACTORS *Includes employees and contractors since 2013

2010-2016

90%

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Wilson Sons at a Glance

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Renewal of the Container Terminal concession in Salvador, acquisition

  • f 6 tugboats of Vale. Start of
  • perations in Santa Clara Terminal
Walter Salomon executes swap whereby shareholders of Ocean Wilsons Holdings Ltd receiving non-voting shares in Scottish and Mercantile Investment Trust which is today Hansa Trust PLC.

1958 2016

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This information is property of Wilson Sons and can not be used or reproduced without written permission Head Office Terminals Towage Offshore Logistics Agency Shipyards

International & Domestic Trade Flow 76% of Client Exposure Oil & Gas 24% of Client Exposure

* Based on 2015 revenues including JV’s

EBITDA*

CAGR of 12.2%

* Including Offshore Support Vessels JV

47.9 121.4 191.0 2004 2010 2016 FMM*; 68% Others; 32%

* FMM = Merchant Marine Fund (Fundo da Marinha Mercante)

3.1% Weighted Avg. Borrowing Rate in 2015 Including Offshore Support Vessels JV

Wilson Sons at a Glance

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Trade Flow Drivers

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This information is property of Wilson Sons and can not be used or reproduced without written permission

The Brazilian Trading and Port Activities

Consistent Growth in Port Activities with Superior Growth of Container Handling Volumes

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Total Port Handling Volume (million tons) Source: ANTAQ

302 336 370 393 416 457 460 433 505 543 554 569 590 633 629 163 162 167 164 176 195 196 198 210 212 217 219 232 226 217 35 42 50 55 63 68 73 65 75 84 87 97 101 100 100 29 31 34 38 38 35 39 37 44 46 45 44 46 49 51

529 571 621 650 693 755 768 733 834 885 903 929 969 1.008 997 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Solid Bulk Liquid Bulk Container General Cargo

+4,6% CAGR 02-16 4,1% 7,8% 2,1% 5,4%

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Brazilian Container Terminal Market

After Challenging Economic Periods, Container Volume Demonstrated Rapid Growth

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Total Container Volume and GDP Growth (mTEU; %) Source: Datamar; Brazilian Central Bank; IBGE; Bradesco

0,8 1,1 1,5 2,4 2,5 3,1 3,8 4,5 5,7 6,1 6,6 6,9 6,1 7,4 7,9 8,6 9,2 9,4 9,3 8,9 3,4% 0,3% 0,5% 4,4% 1,4% 3,1% 1,1% 5,8% 3,2% 4,0% 6,1% 5,1% (0,1%) 7,5% 3,9% 1,9% 3,0% 0,1% (3,9%) (3,6%) 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Container Volume GDP Real Growth

Fast Containerization CAGR: 14,6% Global Crisis (10,9%) Fast Recovery CAGR: 13,6% Steady Growth CAGR: 6,0% Crisis (2,7%) Privatization CAGR: 29,6%

GDP 2017(1): +0,3% 

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Brazilian Container Terminal Market

Strong Drivers Supporting Enormous Growth Potential Container Density (TEU per '000 people)

Source: World Bank (as of 2014)

742 472 321 316 279 243 211 163 146 145 133 122 94 73 72 65 58 52 42 41 27

Netherlands South Korea Australia Spain High Income Countries Germany Chile Japan United States United Kingdom China Thailand World Average LatAm & Caribbean Peru Colombia Emerging Countries Brazil Mexico Argentina Russia

Significant growth potential

Containerization Potential (Million TEU)

Source: ILOS; BNDES; Wilson Sons’ analysis (estimated)

Relevant Containerization Potential

Actual Throughput Containerization Potential Potential Throughput

+ 0.9 - 1.2

9.3 10.2 - 10.5 35% 20% 20% 15% 10%

Containerization Potential Breakdown

(% of containerization potential)

Food Grains Steel Products Sugar Fertilizers Other 9

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Main Brazilian Container Ports

Although market contracted due to economic scenario in 2015 individual ports have grown

Santos + SSO Rio + IGI Paranaguá Itapoá + SFS Itajaí + NVT Rio Grande Manaus Suape + REC Salvador Vitória Imbituba Pecém + FOR

Total containers handled by port, excluding shifting (kTEU)

Source: Datamar 3.686 1.086 760 679 558 685 630 428 284 284 226 42 3.774 984 776 726 602 581 554 409 287 256 177 30 Santos + SSO Itajaí + NVT Paranaguá Rio Grande Itapoá + SFS Rio + IGI

Manaus Suape + REC Salvador Pecém + FOR Vitória Imbituba

2014 2015

+2%

  • 9%

+2% +7% +8%

  • 15%
  • 12%
  • 4%

+1%

  • 10%
  • 22%
  • 28%

2015 North Northeast Southeast South % of Population 8% 28% 42% 14% % of GDP 5% 14% 55% 16% % Volume of Container (TEU) 8% 11% 48% 33%

Brazil: -2.1%

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Oil & Gas Drivers

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Source: Petrobras

Oil & Gas Industry in Brazil

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The Lula field and the production tests in the pre-salt offset production declines in the Campos Basin.

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This information is property of Wilson Sons and can not be used or reproduced without written permission

3 15 41 119 169 302 492 767 1020 2008 2009 2010 2011 2012 2013 2014 2015 2016

Oil & Gas Industry in Brazil

Pre-salt fields already contribute close to 48% of total 2016 oil production Lifting Cost in Pre-Salt < 8.0 US$/boe is highly competitive production

Petrobras Pre-Salt Oil Production (k bpd)

Source: Petrobras

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Platform Supply Vessels (PSVs) in Brazil

Source: ABEAM

Oil & Gas Industry in Brazil

68 75 87 94 101 108 134 55 104 88 99 106 63 19 2010 2011 2012 2013 2014 2015 Nov/2016

National flag Foreign flag

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Our Business

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Container Terminals

Tecon Rio Grande

1,029.8k

TEU handled

(2016 Tecon RG + Tecon SSA)

1,730k

TEU capacity

(Tecon RG + Tecon SSA)

US$148M

Net Revenues

(32% of 2016 Total Revenues)

Rio Grande do Sul

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Tecon Rio Grande at a glance

Container Volume, by Shipping Line: 2015¹ (% of TEU)

Source: Datamar

Container Volume, by Destination: 2015¹ (% of TEU)

Source: Datamar

Container Volume, by Top Cargoes: 2015 (% of TEU)

Source: Wilson Sons NEUR 2L FEAS 3L MED 1L ECSA 4L USGC 1L ECNA 2L WCSA 1L

Regular Shipping Line Services, by Destination

Source: Datamar (Jun/2016) 28% 20% 20% 14% 8% 10%

Far East North Europe Mediterranean

  • M. Gulf / Caribbean

Others East Coast / North America

22% 21% 19% 16% 8% 13%

Others Hapag-Lloyd MSC Maersk Line CMA CGM Hamburg Süd 17 12% 9% 8% 6% 4% 4% 3% 3% 3% 2% 47% Others Resins Tobacco Rice Frozen chicken Chemicals Parts & Pieces Cellulose Machines Food Fresh Fruits

Note¹: Considers only long-haul shipping and full containers loaded

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Container Terminals

Tecon Salvador

Bahia

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Tecon Salvador at a glance

Container Volume, by Destination: 2015¹ (% of TEU)

Source: Datamar 28% 18% 18% 15% 12% 9%

Far East North Europe Mediterranean

  • M. Gulf / Caribbean

East Coast / North America Others

Container Volume, by Shipping Line: 2015¹ (% of TEU)

Source: Datamar 34% 29% 12% 9% 9% 6%

Others MSC Hamburg Süd Maersk Line Hapag-Lloyd CMA CGM

Container Volume, by Top Cargoes: 2015 (% of TEU)

Source: Wilson Sons NEUR 1L MED 1L ECSA 2L USGC 2L ECNA 2L

Regular Shipping Line Services, by Destination

Source: Datamar (Jun 2016)

19 11% 11% 11% 5% 5% 5% 4% 4% 3% 41%

Note¹: Considers only long-haul shipping and full containers loaded

Polymers Cellulose & Paper Ores Chemical & Petrochemical Steel & Metallurgy Parts & Equipment Rice Tires Fruits Others

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Tecon Salvador - Expansion Timeline

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Expansion Phase 2

  • Leveling and paving an existing 28.160 sqm backyard area;
  • Total gross investment of R$ 28.7M;
  • Phase construction limit by 2030.

Tecon Salvador - Expansion Project Phases

Phase 1 Description

  • 423m quay extension, with a total length of

800m after expansion;

  • Acquisition of 3 STSs (Ship-to-shore Gantry

Cranes), Super Post-Panamax type;

  • Total gross investment of R$ 255.4 M;
  • Phase construction expected to commence

nine months from the Amendment signature and complete by 24 months after the commencement of the works.

Expansion Phase 1 Expansion Phase 3

  • Landfill and paving of an additional 88.803 sqm backyard area;
  • Total gross investment of R$ 114.4M;
  • Phase construction limit by 2034
  • Capacity at the end of Phase 3: 925k TEUs.

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Towage

Phoenix – Feb 13

US$206M

Net Revenues

(45% of 2016 Total Revenues)

58,376k

Manoeuvres

(2016)

64.2

  • Avg. Dwt Attended

(2016)

76

Operational Fleet

(As of Dec 16)

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Brazilian Towage Market

Principal Players

Tugboats Throughout Brazilian Ports

As of December/2015

Towage

  • Largest fleet in Brazil, approx. 50% share of harbour manoeuvres, operating in all major ports of Brazil
  • Policy priority to Brazilian flag vessels
  • Long-term and low-cost funding available from the FMM (Fundo da Marinha Mercante)

North 8 tugboats Northeast 28 tugboats Southeast 26 tugboats South 13 tugboats

12 8 12 17

Average Age )

30 13 4 8

# Ports Attended

WS Competidor (1) Competidor (2) Competidor (3)

75 44 30 20

Fleet

52.5 51.5 48.8 39.8

Average Power 23

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Offshore Support Vessels

PSV Alcatraz – Apr/14

US$71M

Net Revenues

(2016)

23 PSVs

Operational Fleet

(As of April 17)

6,428k

Days in Operation

(2016)

US$ 22,773

Average Gross Daily Rate

(As of Dec 16)

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Offshore Support Vessels

  • Policy priority for Brazilian flag vessels
  • Long-term and low-cost funding available from the FMM (Fundo da Marinha Mercante)
  • Wilson Sons 100%-owned shipyard is a key competitive advantage

Ostreiro 2016 2017 2018 2019 2020 2021 2027 2028 2029 Mandrião Cormoran Jan/15 2 years Gaivota Mar/16 2 years Albatroz Jan/16 2 years Biguá Feb/10 8+0.5 years Pelicano Jun/10 8+0.5 years Atoba Jun/10 8+0.5 years Petrel Jun/10 8+0.5 years Skua Jun/10 8+0.5 years Fulmar Jun/10 8+0.5 years Talha-Mar Mar/11 8+0.5 years Torda Oct/11 8+0.5 years Sterna Mar/12 8+8 years Batuíra Aug/12 8+8 years Tagaz Mar/13 8+8 years Prion Oct/13 8+8 years Alcatraz Nov/13 8+8 years Zarapito Apr/14 8+8 years Vessel Start Date Contract Pardela Larus Pinguim Jul/16 6+6 years Nov/16 6+6 years

Foreign Flag Vessel / In Brazilian Special Registry In Contract (Petrobras) Contract Option Spot Market

Fragata Dec/15 2 years

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Financial Highlights

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Wilson Sons’ Financial Highlights

Capital Expenditures (US$ M)

Source: Wilson Sons

EBITDA by Business - Proforma: 2016 (%)

Source: Wilson Sons

EBITDA - Proforma (US$ M)

Source: Wilson Sons

Net Revenues - Proforma (US$ M)

Source: Wilson Sons

211.2 278.0 325.7 393.3 476.7 439.8 547.6 656.6 610.4 660.1 633.5 508.9 457.2 6.5 7.2 8.4 10.7 21.6 38.1 28.0 41.4 47.0 54.4 76.8 71.0 70.9 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Net Revenues (IFRS) Net Revenues (Offshore) 217.7 285.2 334.1 404.0 498.3 477.9 575.6 657.4 698.0 714.5 710.3 579.9 528.0 43.9 45.7 73.0 86.9 109.8 109.2 108.3 152.0 146.3 182.8 160.1 168.1 154.2 4.0 3.4 3.2 4.5 12.9 19.2 13.1 11.3 16.0 23.1 39.2 40.4 36.8 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 EBITDA (IFRS) EBITDA (Offshore) 47.9 49.1 76.2 91.4 122.7 128.4 121.4 163.3 162.3 205.9 199.3 208.5 191.0 20.2 35.4 26.6 59.3 69.6 116.3 127.5 226.6 128.7 136.9 111.2 69.9 102.4 0.2 0.8 15.6 39.9 23.9 33.3 39.2 36.3 55.5 49.0 15.3 47.7 22.8 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 CAPEX (IFRS) CAPEX (Offshore) 20.4 36.2 42.2 99.2 93.5 149.6 166.7 262.9 184.2 185.9 126.5 117.6 125.2

Towage 49% Container Terminals 29% Offshore Support Vessels 17% Others 5%

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Distribution to Shareholders – Dividend Policy 50% of Net Profit

US$ M

Estimate Only Capital Expenditures (US$ M) Briclog Acquisition, Guarujá II Shipyard, Tecon Salvador Expansion Towage and offshore vessel fleet Renewal and Capacity Increases and 3rd berth at

Tecon Rio Grande

CAPEX & Dividends

From 2012 Offshore Support Vessel JV CAPEX is not consolidated for IFRS. 2015 Budget using USD:BRL exchange rate 3.03

Investment Cycle: more than USD 1B CAGR: 12.5%

1.72% 3.27% 2.67% 1.30% 1.61% 2.02%

* Dividend Yield: Amount paid per BDR / Closing value of the share on the date of payment

2.52% 4.40%

Dividend Yield Since IPO

5.71%

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** Considering the value of the share price at 16 Mar 2017

8.0 8.8 7.6 8.0 16.0 16.0 22.6 18.1 18.1 18.1 27.0 29.0 35.6 36.9 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

4.8**%

20.2 35.4 26.6 59.3 69.6 116.3 127.5 226.6 128.7 136.9 111.2 69.9 102.4 63/68 0.2 0.8 15.6 39.9 23.9 33.3 39.2 36.3 55.5 49.0 15.3 47.7 22.8 11/12 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Wilson Sons CAPEX Offshore Vessels JV CAPEX

126.5 185.9 262.9 149.6 93.5 42.2 36.2 20.4 184.2 166.7 99.2 117.6 125.2 74/80

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This information is property of Wilson Sons and can not be used or reproduced without written permission

42.9 41.7 41.9 38.5 27.4 22.1 20.2 17.9 17.2 17.2 17.2 17.0 14.6 9.4 7.5 6.2 4.3 2.3 0.9 0.3

  • 17.7

17.4 17.2 22.3 18.1 18.1 18.1 19.4 17.3 15.5 15.5 14.5 13.9 10.8 10.8 10.8 8.3 3.6 2.2 2.2

  • 2016

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 IFRS: USD 366.48 Offshore Support Vessels: USD 273.78

Debt Maturity Schedule (Including Offshore Vessels JV)

US$ Million (as of Dec 2015) @PTAX 3.90

Net Debt/EBITDA

(as of Dec 2016)

Debt Profile

(as of Dec 2016)

Debt Profile

91.9% 8.1% 86.5% 13.5% 32.3% 67.7% CURRENCY

Denominated in USD Denominated in BRL

MATURITY

Long Term Short Term

SOURCE

Others FMM

95.2% 4.8% 89.3% 10.7% 21.5% 78.5%

IFRS With Offshore Vessel (50%)

Notes: (*) 2016 refers to budget

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2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0.0 x 0.6 x 1.4 x 2.2 x 2.8 x 2.4 x 2.6 x 2.8 x 1.8 x 1.4 x 1.7 x 2.4 x 1.4 x

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Management Alignment

Management: Stock Options for top management subsisting grant 2,949,000 Remuneration program for Executive based on net profit and dividend payout Remuneration program for managers and employees - EBITDA and/or EBIT Individual performance plans: clear goals and meritocracy based on 9 in Box Business Managers with specific HSSE goals Employees own 62,736 BDR´s at 31/12/2016

Corporate Governance

Returns, Governance & Management Alignment

53% 100% TAG ALONG for all minority shareholders One class of share with equal voting rights Free-float more than 25% of total capital Audit Committee

Estimated (Proforma) Revenue, Costs and EBITDA

(Year ended Dec 15)

Minimum 20% of the members of our board of directors must be independent directors 85% 48% 15% 52% EBITDA Costs Revenue R$ Source/Denominated US$ Source/Denominated 30

Shareholding structure

Ocean Wilsons Holdings Limited Free Float

58.25% 41.75%

Bermuda Brazil

PORT & LOGISTICS SERVICES MARITIME SERVICES Terminals Logistics Towage

Offshore Support Vessels

Shipyards Agency

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Investment Considerations

Outstanding Assets Integrated resilient bussiness Strength of Credibility Financial Strength Commitment to Safety

  • One of the largest port, maritime and logistics operators in Brazil;
  • Wilson Sons enjoys an unparalleled geographical reach throughout Brazil;
  • Leading volume capacity, superior infrastructure and efficiency;
  • 179 years of experience highlights Wilson Sons’ solid operational know how, reputation and

credibility;

  • Experienced and innovative management team;
  • Integration and multiple synergies among its businesses;
  • Solid customer relationships with a diverse and strong customer base;
  • Investments largely financed with low cost by long-term resources;
  • Capex reducing after investing more than US$1 Billion since IPO in 2007;
  • High profitability and financial strength.
  • Continuing development of the culture of safety is a priority;
  • The Lost Time Injury Frequency has decreased 87% since 2009;

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This information is property of Wilson Sons and can not be used or reproduced without written permission

Investor Relations Contact Info

BM&FBovespa: WSON33 IR website: www.wilsonsons.com/ir Twitter: @WilsonSonsIR Youtube Channel: WilsonSonsIR Facebook: Wilson, Sons

Michael Connell

IRO, International Finance & Finance Projects michael.connell@wilsonsons.com.br +55 (21) 2126-4107

Isabela Motta

Investor Relations Isabela.motta@wilsonsons.com.br +55 (21) 2126-4135

Júlia Ornellas

Investor Relations julia.ornellas@wilsonsons.com.br +55 (21) 2126-4293