Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3

Eucatex S.a. Industria E Comercio — Q1 2014 Earnings Presentation

10 slides from Eucatex S.a. Industria E Comercio's earnings presentation, May 8, 2014

  1. Slide 1: 1Q14 Results

    1Q14 Results May 8, 2014

  2. Slide 2: Operating Data – Net Revenue

    Operating Data – Net Revenue Net Revenue 1Q13 1Q14 Var R$ 252.7 million R$ 263.4 million 4.2% By Product By Segment Other Export 3% MDP Market 25% Retail 7% Paint 10% Segment Furniture 22% Industry 43% Laminated T-HDF/MDF Flooring 21% Construction 9% 40% Fiberboard 20% 2

  3. Slide 3: Wood Segment – Net Revenue

    Wood Segment Laminated Flooring Net Revenue 12% MDP 33% 1Q13 1Q14 Var Fiberboard 26% R$ 198.6 million R$ 196.4 million -1.1% T-HDF/MDF 29% 139 138 130 120 118 Total Market ('000 m³) 114 110 106 108 104 1,703.1 1,743.6 100 100 1T06 1T07 1T08 1T09 1T10 1T11 1Q13 1Q14 Eucatex Mercado Market Source: ABI

  4. Slide 4: Wood Segment – Capacity Utilization and Costs

    Wood Segment Installed Capacity Utilization – 1Q14 8% 93% 86% 78% 33% Fiberboard T-HDF/MDF MDP Laminated Flooring (240,000 m³/year) (275,000 m³/year) (430,000 m³/year) (12 million m²/year) Breakdown of Costs – 1Q14 All Panels Resin Panels Non-Resin Panels (Fiberboard) Thermal Thermal Electricity Pow

  5. Slide 5: Paint Segment

    Paint Segment Market – Million Gallons 64.4 66.3 Net Revenue 1Q13 1Q14 Var R$ 48.5 million R$ 59.1 million 21.7% 1Q13 1Q14 Market Source: Eucatex Installed Capacity Utilization Breakdown of Costs – 1Q14 Labor 6% Electricity 1% Other Costs 2% Depreciation Packaging 1% 56% 15% 1T14 1Q14  Total Capaci

  6. Slide 6: Financial Data

    Financial Data Highlights (R$ million) 1Q14 V.A. % 1Q13 V.A. % Var. (%) Net Revenue 263.4 100.0% 252.7 100.0% 4.2% Fair value of biological assets 11.9 4.5% 11.3 4.5% 5.8% Cost of goods sold (192.5) -73.1% (181.4) -71.8% 6.1% Gross income 82.9 31.5% 82.6 32.7% 0.3% Gross Margin (%) 31.5% 32.7% -1.2

  7. Slide 7: Debt

    Debt Debt (R$ million) 1Q14 2013 Var. (%) Short-Term Debt 116.9 121.1 -3.5% Long-Term Debt 180.3 182.7 -1.3% Gross Debt 297.2 303.8 -2.2% Cash and Cash Equivalents 10.3 20.7 -50.4% Net Debt 286.9 283.1 1.4% % Short-Term Debt 39% 40% -0.5 p.p. Net Cash (Debt)/EBITDA 1.5 1.4 8.2% Debt Profile Short Te

  8. Slide 8: Capex

    Capex Investments Made Planned for 2014 R$28.4 million R$ 100.7 million R$25.7 million Other 1% Total Forest Total Forest R$10.7 million R$10.5 million Panel 1Q13 1Q14 Forest Factories Salto 8.00 8.0 12.800 12.8 48% 46% Botucatu 6.300 6.3 2.7 2.700 Tintas 0.7 .700 2.500 2.5 Sivicultura 8.9 8.900 9.1

  9. Slide 9: Sustainability – Forestry and Recycling

    Sustainability – Forestry and Recycling 76 farms with Average Radius Total Processing Capacity - Recycling eucalyptus Equivalent to plantations, Salto Botucatu Ton/Year totaling Trees Forests 46,000 187 km 51 Km 240,000 ton 2 million / year 1,500 hectares hectares Volume Processed (ton) - Recycling

  10. Slide 10: IR Contacts

    IR Contacts José Antonio G. de Carvalho Executive VP and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations (55 11) 3049-2473 ri@eucatex.com.br www.eucatex.com.br/ri

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