Corporate Presentation

3rd Quarter 2015

Competitive

advantages

Duratex at a glance

Who are we

- Biggest producer of wood panels, sanitary ware and metal fittings from the South Hemisphere

- The Company has two business divisions:

DECA DIVISION: metals and sanitary ware and its respectives accessories, electronic showers

WOOD DIVISION: laminate flooring, Medium Density Fiber Board (MDF) and Medium Density Particle Board (MDP)

panels and hardboard.

- Leader in all businesses

- Large scale plants with up to date technology

- Forest productivity

- Forestry integration

- Self suficient with low cost in wood

- Brands top of mind in its sectors

- Geographical localization of its plants next to consumer markets

- Corporate Governance and strong financial fundamentals

1

Shareholder Structure

40%

7,8% 31,7% 20%

Itausa Ligna Foreign

Investors Other Local

Investors Treasury Pension Funds

0,4% 0,1%

CONTROL BLOCK FREE FLOAT

Member of BM&FBOVESPA Novo Mercado

100% Tag Along

Dividend policy: minimum of 30% of Adjusted Net Income

Joined Abrasca’s Public Companies Self regulation and Good Practices code

2

History

Anos 50 e 60

Anos 70 Anos 80 Anos 90 2000-

2008 2009

2010-

2012 2013 2014 2015

1970: Start of

activities in

Taquari (RS)

1975: Start of

activities in

Uberaba (MG)

1992: Acquired by

Ligna

1997: Expansion

of Uberaba

1998: Acquisition

of 51.000ha of

forest

2004: Expansion

of Uberaba

2007: IPO

Novo Mercado

2008: New MDF

plant in Uberaba

Expansion of

Taquari

1951: Duratex

was stablished

already as a

publicly traded

company

1954: Start of

hardboard

production in

Jundiaí, SP

1972:

Incorporation of

Deca.

Acquisitions:

- Caxuana

- Additional

participation in

Tablemac

- Closing of

Jundiai II plant

Duratex 2020

strategic planning

Joint venture

with Usina Caete

in Northeast

1981:

Acquisition of

Louças Sul,

São Leopoldo

(RS)

1984:

Acquisition of

Itapetininga,

(SP) unit

1988:

Acquisition of

Agudos (SP)

unit

1995: Acquisition

of Argentina

Piazza Hermanos,

which was

renamed

Deca Piazza

(discontinued in

2013)

1997: First

MDF (Medium

Density

Fiberboard) plant

in Brazil, Agudos

New plants

(CAPEX):

• MDF Botucatu

• MDP Itapet.

• MDF2 Agudos

Closing of Jundiaí

Acquisitions:

• Ideal Standard

•CMC

Association

with Satipel

creating the

largest

producer of

wood panel in

the Southern

Hemisphere

Novo

Mercado

Start up of a resn

plant

Beginning of the

investment

programa: DECA

and Wood

Acquisitions:

• land in SP

• Elizabeth

• Tablemac

• Thermosystem

• Mipel

Completion of

investment

cycle started in

2011

Definition of a

strategic growth

plan until 2017

Acquisition of

Ducha Corona

3

Members do not take up Executive positions in the Company

5 Committees advise the Board in the management and decision

making process

Corporate Governance

Itausa representatives

Ligna representatives

3 independent members

Composition of the Board Independent Members

Committees: Personnel, Governance and Nomination;

Sustainability; Audit and Risk Management; Disclosure and

Negotiation; Related Parties

ALVARO DE SOUZA (since April 2011) - President of Brazilian Fund for Diversity (FUNBIO)

-Member of the Board of WWF International Board of

Trustees and WWW-Brasil

- Member of the Board of Banco Santander

- Member of the Board of AMBEV

FRANCISCO AMAURI OLSEN (since April 2013) - Vice President of the Board ofMartins Com. e

Serviços de Distribuição S.A.

- Member of the Board of Grupo Rotoplas

- Member of Integration Board of Banco Triangulo

RAUL CALFAT (since April 2014) - Member of the Board of Fibria Celulose S.A.

- President of the Board of Votorantim Participações

S.A.

- Member of the Board of Hospital Sírio Libanês

Related Parties Committee is composed only by independent

members

4

Wood Division- Geographic Distribution

AGUDOS (SP)

2 lines of MDF, laminated floor

and resin plant (DRI)

BOTUCATU(SP)

MDF and Hardboard

ITAPETININGA (SP)

MDP and MDF TAQUARI (RS)

MDP

UBERABA (MG)

MDP and MDF

Operations in Colombia- Tablemac

MANIZALES – MDP

YARUMAL – MDP

BARBOSA – MDF

GUARNE - Móveis

5

Wood Division- Products

M

A

I

N

P

R

O

D

U

C

T

S

MDF MDP Laminated Flooring Hardboard

M

A

I

N

D

I

S

T

R

I

B

U

T

I

O

N

C

H

A

N

N

E

L

S

Furniture Industry Resales Civil Construction and Exports 6

Wood Division - Highlights

Casa Claudia Partnership – “Marcas do Tempo” Colection MDF Fire – exclusive launch

Partnership creating an exclusive line of products for Laminated

Flooring

Casa Claudia is the leader magazine in the decoration segment

Duratex is the first company to have a partnership with Casa Claudia

MDF panel with innovative technology that avoids and slows flame

spread

Ideal for theaters and movie theaters, concert halls, schools and

universities, hotels and shopping malls, commercial buildings

It can be applied to wall coatings, ceilings and flooring, in addition to

furniture

Valued and approved in tests conducted with carpenters and furniture

industry

Ecological panel certified by FSC

7

Wood Division- Operation Highlights

High Level of Operation Integration

Forest Integration Resin Plant

185k hectares of planted forests

269k hectares of land

15k hectares planted area/year

230 farms in the region of SP, MG and RS

Tree harvested between 6 and 7 years

7,2 million m3 of annual wood production

Low distance between forests and plants

100% self sufficient in São Paulo and 65% in total

Inaugurated in April/2010

Duratex Forest Productivity Evolution (m³/ha/year)

Agudos plant: Resin + MDF + Durafloor

20 years of FSC certification

First forest company from

South America and 10th in

the world to receive this

certification

8

Wood Division- Tablemac

Consistent growth of volume, Margin and revenue

Acquisition process initiated in 2012 and finalized in 2014

Colombian market: half local production and other half imported

Plants in Colombia: Yarumal, Manizales, Guarne e Barbosa

Extension of competitiveness of Tablemac in local market due to currency devaluation

Maximum utilization of installed capacity

9

Wood Division – Panel Exports

Increase of 40% in volume from 2014 to 2015 and expected increase of 50% from 2015 to 2016

Export is one of the pillars of growth of Duratex 2020 strategic plan

Long term strategy to reach minimum of 20% of revenue from exports

Increase of exports decreases dependency of domestic market

Export Revenue Evolution

(in US$ million) Export Volume Evolution (in‘000 m3)

+42,2%

+24,2%

Participation of exports over Brazil

Wood Net Revenue

Focus on the Americas and exports to more than 50 countries 10

JUNDIAÍ (SP)

Metals and Sanitary Ware

JOÃO PESSOA (PB)

Sanitary Ware

CABO DE STO AGOSTINHO (PE)

Sanitary Ware

Deca Division - Geographic Distribution

SÃO LEOPOLDO (RS)

Sanitary Ware

SÃO PAULO (SP)

Metals

QUEIMADOS (RJ)

Sanitary Ware

ARACAJU (SE)

Electronic Showers

TUBARÃO (SC)

Electronic Showers

JACAREI (SP)

Bronze Industrial valves

11

Deca Division - Products

Metals Sanitary Ware Accessories Electronic Showers

Home Centers Resales Construction Companies

M

A

I

N

P

R

O

D

U

C

T

S

M

A

I

N

D

I

S

T

R

I

B

U

T

I

O

N

C

H

A

N

N

E

L

S

12

Deca Division - Highlights

Water Saving Products Sales volume evolution (in ‘000 itens)

Water saving with design and without losing

functionality and confort

Over 350 water saving solutions

Aerators technology:

Even with a lower flow

the sensation of a high

volume shower

Eco Technology faucets::

with automatic closing in

10 seconds.But keeps the

manual control option

Hydra Duo technology flush:

with two options of

activation

Aerator for faucets:

mixes air and water producing

a pleasant jet and reducing

the quantity of water

Restrictor for faucets

And showers: reduces

the water flow.

+23%

UP

13

Deca Division – Electronic Showers

Market Share

Others

Brazilian market estimated in 22,5 million units

Market CAGR of 3% per year

Most used heating water option in households

Seasonality: sales concentrated in winter months

Volume concentration in South and Southeast

regions

Export possibility

Source: Duratex estimates

*Includes Corona

*

Sustainability Platform

DIALOGUE AND

RELATIONSHIP

ENVIRONMENTAL MANAGEMENT

AND PERFORMANCE BUSINESS TRANSPARENCY AND

RESPONSABILITY

Develops the dialogue culture,

structures social management

and improves the relationship

with internal and external

audiences

PEOPLE

Employees

Leadership

High Management

RELATIONSHIP

QUALITY

Suppliers

Clients

Communities

Specialists

Efficient use of

resources and energy

Residues and

emissions

management

Conservation and

Biodiversity

Quality and

impact of

products

Inclusion of social

and environmental

criteria to manage

and report

Creates an strategic vision of

environmental management

through revision, innovation

and development of new

processes and procedures

Elaborates integrated social

and environmental criteria to its

management, applying them as

tools to identify risks to

business and opportunities to

aggregate value to products,

turning more transparent the

accountability process

15

Sustainability – Dialogue and Relationship

Programa Escola Formare – 2015

It is a program that offers courses in Professional Education in basic level to low income young people, aged 16 to 18. Built by

Universidade Tecnológica Federal do Paraná (UTFPR) the courses are custom-made to the Company and includes theoretical and

practical classes, that are taught by volunteer educators (employees).

› Implementation of three new schools:

› Botucatu (SP) – course of Reconstituted Wood Production Assistant

› João Pessoa (PB) – course of Quality Processes Assistant

› Itapetininga (SP) - course of Industrial and Administrative Processes Assistant

› Two existing schools (course of Industrial and Administrative Services Assistant):

› Uberaba (MG)

› Taquari (RS)

TOTAL BENEFICIARIES: 100 young people per year

Social Investment Strategy

16

Sustainability – Environmental Management and Performance

17

Sustainability- Business Transparency and Responsability

Pre and Post “deal” Policies

Approval of policy and procedures that define sustainability criteria and

guide negociations related to the Company’s new businesses

(expansion, mergers and acquisitions) and promote adequacy of its

values, policies, practices and procedure of Duratex, allowing continuous

improvement of current and future businesses of the Company.

18

FINANCIAL RESULTS 3rd QUARTER 2015

Operating Highlights from the Quarter

Increase of 11,9% in volume shipped compared to the 2nd quarter 2015

Increase of 3,9% in volume compared to the 2nd quarter 2015 excluding the effect of Corona

Increase of 72% in export volume compared to the 3rd quarter of 2014

Recurring and Adjusted EBITDA Margin of 21,8%

Wood

Deca

Exports

EBITDA

Margin

20

Financial Highlights Consolidated

Consolidated Net Revenue (R$ million)

% Foreign Market over Total Net Revenue

*Until September 2015 21

(in R$ million) - Brazil 3T15 2T15 Var % 3T14 Var % 9M15 9M14 Var %

Deca Volume (in '000 items) 6.981 6.065 15,1% 6.917 0,9% 19.738 20.650 -4,4%

Wood Volume (in m3) 561.292 501.997 11,8% 709.444 -20,9% 1.716.416 1.901.575 -9,7%

Recurrent EBITDA 200,5 191,2 4,9% 223,8 -10,4% 590,9 650,2 -9,1%

Recurrent EBITDA Margin 21,1% 21,7% - 22,6% - 21,4% 23,5% -

Recurrent Net Profit 25,8 29,1 -11,3% 76,5 -66,3% 116,4 256,4 -54,6%

Recurrent ROE 2,2% 2,5% - 6,9% - 5,1% 11,6% -

Colombia 3T15 2T15 Var % 3T14 Var % 9M15 9M14 Var %

Wood Volume (in m3) 68.012 60.266 12,9% 54.282 25,3% 186.060 141.769 31,2%

Recurrent EBITDA 26,3 19,0 38,2% 13,5 95% 60,5 34,7 74,1%

Recurrent EBITDA Margin 28,1% 22,8% - 18,2% - 24,2% 19,9% -

Recurrent Net Profit 13,0 9,3 39,2% 7,0 85,1% 29,3 16,9 72,8%

Consolidated 3T15 2T15 Var % 3T14 Var % 9M15 9M14 Var %

Deca Volume (in '000 items) 6.981 6.06515,1%

6.9170,9%

19.738 20.650-4,4%

Wood Volume (in m3) 629.304 562.263 11,9% 763.726 -17,6% 1.902.476 2.043.344 -6,9%

Recurrent EBITDA 226,8 210,2 7,9% 237,3 -4,4% 651,4 684,9 -4,9%

Recurrent EBITDA Margin 21,8% 21,8% - 22,4% - 21,7% 23,3% -

Recurrent Net Profit 38,8 38,4 0,9% 83,5 -53,6% 145,6 273,3 -46,7%

Recurrent ROE 3,3% 3,3% - 7,3% - 4,1% 8,1% -

Financial Highlights Consolidated

* Includes 679k items from Corona

* *

22

Wood Division – Panel Market in Brazil

MDF Market MDP Market

+3,4%

-4,7%

-4,0%

-13,6%

-8,1%

-13,9%

-5,6%

-26,4%

Annual Effective Capacity: 5.170

in ‘000 m3

Annual Effective Capacity: 4.030

Source: IBA 23

Operational Highlights Wood

+11,9%

-17,6%

-6,9%

Shipments (in ‘000 itens) Installed Capacity and Occupancy Rate

in the quarter

24

Operational Highlights

Net Revenue (R$ million) and Gross Margin (%) Recurring EBITDA (R$ million) e EBITDA Margin (%)

Wood

+7,9%

30,8% 26,3% 24,2% 27,3% 30,4%

-3,9%

+3,3% +12,4%

25,7% 23,2% 22,7% 23,6% 25,0%

-9,0%

-6,9%

25

Deca Division – Building Material Industry

ABRAMAT INDEX – INTERNAL MARKET

Source: Brazilian Building Material Industry Association

Measures growth in revenue of building materials in the internal market, relative performance to the same period

in the previous year.

26

Operational Highlights Deca

+15,1%

+0,9%

-4,4%

Shipments (in ‘000 itens) Installed Capacity and Occupancy Rate

in the quarter

* Inclui 679 mil peças da Corona

*

*

27

Operational Highlights

Net Revenue (R$ million) and Gross Margin (%) Recurring EBITDA (R$ million) e EBITDA Margin (%)

Deca

+7,9%

34,5% 32,3% 32,7% 31,6% 32,6%

+3,3%

= -1,7%

18,7% 19,1% 20,0% 19,2% 17,3%

+8,9%

+0,2%

• EBITDA Mg with Corona 3Q15: 18,3%

EBITDA Mg with Corona 9M15: 18,8%

* *

Consolidated CAPEX and Main Investments In R$ million

Main Projects in 2015

Ducha Corona Acquisition 556,2

607,9 601,5

832,2

635,8

3.234

CAETEX: R$ 10 MM Investment/year

Foreign investments: R$ 28,2MM

29

Indebtedness

Amortization Schedule (R$ M) Debt Origin (%)

*100% Hedge 30

Strategic Positioning +105,9%

+104,7%

Priorities: 2007 to 2014

Increase of capacity through expansion and acquisition

Integration Duratex and Satipel

Acquisition of 6 companies in this period with integration of the

acquired companies

Geographical and product diversification

Corporate Governance Consolidation

Increase of Market Share

Customer Service

Capacity Evolution

Internal Agenda

CAPEX prioritized in sustaining and productivity

Expansion in adjacent sectors of civil construction (M&A)

Increase occupancy of plants

Corona integration: capture synergy Hydra/Corona

- Improvement in logistic

- Duratex Management System

- Zero Based Budget

- Improvement in Working Capital

Our focus in 2015

Significant increase in exports

31