Mahle Metal Leve : ITR - 1st Quarter 2017

(A free translation of the original in Portuguese)

MAHLE Metal Leve S.A.

Quartely information (ITR) at March 31, 2017

1

MAHLE REPORTS EBITDA OF R$ 80.7 MILLION IN THE 1Q17; MARGIN OF 14.9%

Mogi Guaçu (SP), May 11, 2017 - MAHLE Metal Leve S.A. (B3: LEVE3), a Brazilian auto parts company that manufactures and sells components for internal combustion engines and automotive filters, announces today its results for the first quarter of 2017. The Company's operating and financial information, unless otherwise indicated, is presented on a consolidated basis in BRL according to Brazilian Corporation Law.

1Q17 HIGHLIGHTS

Conference call and Webcast of Results:

Date: May 12, 2017

2:00 p.m. (Brazilian time), 1:00 p.m. (Eastern time)

Phone numbers:

• Domestic OEM Sales grew 19.0%, the first increase after 13 consecutive quarters of drop;

• Net Sales Revenue of R$ 540.5 million in the 1Q17, 5.6% below that reported in the 1Q16 and Ebitda margin of 14.9% (18.8% in the 1Q16);

• The Net Debt /Ebitda ratio at the end of the 1Q17 was 0.54 times, while at the end of the 1Q16 the ratio was 0.62 times.

Brazil: [phone]

Brazil: [phone]

USA: [phone]

Other: [phone]

Password: MAHLE

Webcast: http://cast.comunique- se.com.br/MAHLE/1Q17

Website RI: http://ri.mahle.com.br/en Website M AHLE: http://www.br.mahle.com/en/

1 Ebitda adjustment in the 4Q16 due to impairment loss of R$ 188.6 million on goodwill of the piston rings business, and R$ 21.0 million mainly due to additional labor claims referring to the discontinuance of subsidiary MAHLE Hirschvogel Forjas S.A.

2 Net income adjustment in the 4Q16, as mentioned in item 1 above, due to reversal of R$ 64.1 million relating to income and social contribution taxes on the impairment loss.

TABLE OF CONTENTS

1. MANAGEMENT'S COMMENTS 3
2. ABOUT MAHLE METAL LEVE 3
3. PERFORMANCE OF THE AUTOMOTIVE INDUSTRY 4

4. Performance of the Brazilian automotive industry 4

5. Performance of the Argentinean automotive industry 5

6. Vehicle production in the main export markets 6

7. ECONOMIC AND FINANCIAL PERFORMANCE 6

8. Net sales revenue and market share by segment 6

9. OEM (original equipment manufacturer) sales: 7

10. Aftermarket sales: 7

11. Consolidated exports by region 7

12. Net sales revenue by segment 8

13. Gross margin 8

14. Selling, general and administrative expenses 9

15. Technology and product development expenses 9

16. Other operating income (expenses), net 9

17. Operating income measured by EBITDA 9

18. Net financial income (expenses) 10

19. Income and social contribution taxes 11

20. Net income 11

21. Capital expenditures 11

22. Indebtedness 12

23. INVESTOR RELATIONS AND CAPITAL MARKETS 12

24. Performance of the Company shares and free-float shares 13

25. Shareholders' profile 13

26. INDEPENDENT AUDITORS 13
27. REPRESENTATION BY THE EXECUTIVE BOARD 14
28. ACKNOWLEDGEMENTS 14
29. MANAGEMENT 14

30. Management's Comments

    The instable and uncertain environment that has caused strong impact on the Brazilian economic activity in the past two years began to show signs of recovery mainly due to the beginning of a cycle of cut in the base interest rate, which, besides turning credit cheaper, can bring a relief to the financial situation of families and companies by reducing debt expenses. To a certain extent, this change has slightly increased consumers' confidence thus positively impacting demand for durable goods, including vehicles.

    Consequently, our domestic OEM sales increased 19.0% in the 1Q17, the first rise after 13 consecutive quarters of drops.

    In the 1Q17, the Company reported net sales revenue of R$ 540.5 million (a fall of 5.6% compared to the 1Q16) resulting from a 16.7% drop in OEM exports and a 6.7% reduction in aftermarket sales, which were partially offset by the 19.0% increase in domestic OEM sales.

    The graph below shows revenue distribution in the 1Q17 and 1Q16 in the markets where the Company operates:

    In the 1Q17, operating income measured by EBITDA was R$ 80.7 million, with EBITDA margin of 14.9%.

    The Net Debt/Ebitda ratio at the end of the 1Q17 was

    0.54 times, while at the end of 1Q16 the ratio was

    0.62 times.

    We keep investing in research and development (in the 1Q17, the R&D investments accounted for 3.9% of net sales revenues) since we believe this is one of the main competitiveness drivers. To that end, collaboration with several players is the key point to increasingly prospect new state-of-the-art technologies.

    Still there are important challenges to be overcome. However, we will face them with constant engagement of our employees, with focus on innovation, automation and cost management, always committed to developing products and solutions with the aim to maintain a long-term relationship with our stakeholders.

31. About MAHLE Metal Leve

We are a Brazilian autoparts company that manufactures and sells components for internal combustion engines and automotive filters. We manufacture products with state-of-the-art technology and the highest quality, and we continuously invest in the research and development of new products and production processes.

We have developed activities in Brazil since the 50's and have a broad portfolio of products and integrated solutions that in most cases have been customized jointly with our major customers. We operate in the OEM (Original Equipment Manufacturers) and aftermarket segments, serving automakers and large autoparts distributors and engine overhaul enterprises.