Fibrias Team

Executive Officers Industrial Operations

Marcelo Castelli, CEO

Guilherme Cavalcanti, CFO Henri Philippe, Comercial & International Logistics Aires Galhardo, Forestry Operations

Joo Florncio, General Manager Technical Assistant

Paulo Silveira, Aracruz Unit General Manager Marcelo de Oliveira, Pulp Production Manager Forestry Operations

Portocel
Patricia Lascosque, Superintendent Director Mauricio Talarico, Manager

Zoe Donati, General Manager Rodrigo Zagonel, Harvesting Manager Sebastio Andrade, Siviculture and Nursery Manager Fernando Geraldi, Forestry Management and Performance

Technology Center

Fernando Bertolucci, General Manager

Robert Sartrio, Manager Strategy and M&A Vinicius Nonino, Strategy and M&A General Manager

Corporate Communication Mara Pinheiro | Tiago Nogueira Noronha Pedro Torres Pinto Investor Relations

Andr Gonalves | Fernanda Naveiro | Roberto Costa Isabela Cerbasi | Roblia Silva

GUILHERME CAVALCANTI - CFO

FINANCE

Main Achievements

Liquidity Events in 2012: R$ 2.2bn (Equity Offering + BPM + Losango)

Cash cost reduction and capex control

Working Capital Improvements EBITDA margin improvement and Free Cash Flow Generation

2020 Notes Tender Offer of US$ 514mn annual saving of R$80mn

Covenants renegotiation to 4.5x in US$ and without waiver fee Hedging Strategy

Rating outlook revised by S&P from BB Stable to BB Positive (Jul/12)

1st Fibria Investor Tour Aracruz Unit (Oct/12) 2nd Fibria Day NYSE New York (Nov/12)

AIRES GALHARDO - FORESTRY DIRECTOR

FORESTRY

Fibria has operations reaching many cities and countless communities

Four operational sites with different locations, but similar challenges

Forestry planning is a long-term process in which the environment has a significant impact on the biological asset

In the short term, tactical solutions are designed using the best production planning and control tools

In the short term, tactical solutions are designed using the best production planning and control tools

In the short term, tactical solutions are designed using the best production planning and control tools

In the short term, tactical solutions are designed using the best production planning and control tools

The CAPEX for a planted forest has not a linear format but peaks in the first year

OPEX

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CAPEX and OPEX are influenced mainly by labor and service costs

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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)

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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)

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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)

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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)

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Curve of capture: expected savings due to projects included in Forest of the Future

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Forest development at Fibria

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Land use model: The mosaic system

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Selection for: Adaptability and disease tolerance

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Added value

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Forest Genetics Classical Breeding

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Biotechnology: Genetic Transformation of Elite Clones

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Forest Management: Plant Nutrition

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A new added value projected

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JOO FLORNCIO DA COSTA - GENERAL MANAGER INDUSTRIAL - TECHNICAL ASSISTANT

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Flexibility with Multiple Facilities

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Clean and Low CO2 Emission Energy Matrix

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Increasing Production by Efficiency Improvement

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Cost Reduction by Efficiency Improvement

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Impact of Efficiency on Production and Cost

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Process and Product Development

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Product Development: Holistic Approach

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Cash Cost Structure

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CAPEX Structure

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Investment Decision Matrix

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Efficiency Project - Aracruz Revit A

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Efficiency Project - Jacarei Energy Master Plan

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Strategy for Gaining Scale

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PATRICIA DUTRA LASCOSQUE SUPERINTENDENT DIRECTOR

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Location

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Location

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History

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Historical Annual Average

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2011 Performance

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Woodpulp Destination 2011

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STX

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STX

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Loading of Woodpulp

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Woodpulp barge operation

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Unloading operation of woodpulp

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Unloading operation of woodpulp

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Logs discharge

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Logs discharge

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Salt discharge

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New Industrial and Port Projects

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Current Scenario

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Current Scenario

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Portocel I Expansion (berth 104)

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Investments

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Expansion Project: Portocel II

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Expansion Project: Portocel II

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Expansion Project: Portocel II

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