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Disclosure of Results
                                   1 Q 2008




           www.duratex.com.br




May 2008
> Business segments

DECA DIVISION

  Metal Fittings
  Vitreous China
  Accessories
  A         i



                Leadership within the Metals segment having
                   a prominent position in Vitreous China.
             Possesses the industry´s broader product line
                           industry´
                   attending the different market segments.
> Business segments

WOOD DIVISION
  Hardboard
  MDP
  MDF/HDF/SDF                                 0


  Laminate Flooring



                       Leadership within the Brazilian
                                p
                      panel making industry having the
                       most diversified product line
                                                line.
> Business segments




 100% of the timberland h ldi
          f h i b l d holdings under D
                                    d Duratex S A
                                                S.A.
 Total timberland area: 115.000 ha:
    • market value:
                al e        R$ 1 260 M (USD 720 M)
                                1.260               M);
    • book value (Mar/08): R$ 455 M (USD 260 M).
 Self-sufficiency
 Self sufficiency in wood supply:
    • cost efficiencies;
    • strategic access to raw material;
    • process integration reducing business volatility / risk.
 ISO14.001 and FSC certified; ;
 Member of the Chicago Climate Exchange (CCX):
    • Amount of CO2 offsets (timberland):    1.314.004 tones.
> CAPEX: material fact March 2007

Capacity increase:
    MDF biggest line: 800.000 m3 capacity / year:
             growth over existing capacity: +125% (end 1HY09).            Agudos/SP

    Metal Fittings: + 400.000 items / month:
             growth over existing capacity : +33% (end 2HY09).
                                              33%
    Vitreous China: + 150.000 items / month:
             growth over existing capacity: + 47% (acquisition of Ideal Standard).

                          Enrich sales mix:
                              Expand by 130% the current laminate flooring production
                              capacity (end 1HY09).
                                            1HY09)
                              New Low Pressure (BP) Coating Line : 8.500.000 m2 / year:
Metal Fittings and Vitreous           growth over existing capacity: +35% (end 1HY08).
China in Jundiaí/SP

Increase cost efficiencies:
   Resin plant: produce 100% of resin needs for MDF + MDP (end 1HY09).
    Acquisition of 20.000 hectares of land in the region.
    SAP Software and IBM Risk Hardware.
> CAPEX

Acquisition: IDEAL STANDARD (vitreous china)

  Characteristics of the acquisition:
   • R$ 60M: Acquisition + Capex + Working Capital needs;
   • 2 plants: Jundiaí/SP (80k items/month) and Queimados/RJ (70k items/month)
                                                                  items/month).
  Advantages:
   • Investment per item: 30% savings over a g
                p                  g         green field p j ;
                                                         project;
   • Time to market: a green field would take 24 months to be completed.
> CAPEX: material fact May 2008

Capacity increase:

  MDP: 1.000.000 m3 capacity / year:
          growth over existing capacity: +200% (end 2HY10).       Itapetininga/SP


Enrich sales mix:
 New Low Pressure Coating Line:
        growth over existing capacity : +33% (end 2HY09).

Cost savings:
  Resin plant:
          provide 100% of resin needs to the Itapetininga site.

Objectives:
  j

  Take advantage of good market momentum,
  Strengthen market leadership,
  Improve competitive advantages and
  Create value to shareholders.
> CAPEX and EBITDA (in R$M)


                                                                         875,0
              CAPEX
              EBITDA

                                                               558,1
                                                               558 1      565,4
                                                                          565 4

                                                       458,1
                                               362,6
                                       320,6
                                       320 6
                       303,5   232,2
       199,4 187,5                                             222,3
                       210,4   172,8


      138,9   139,4                    136,8   108,4   105,4

       2000    2001     2002    2003    2004    2005    2006      2007   2008 *


                                       * 2008
       • Capex: estimated.
       • EBITDA: last 12 months data (from April/2007 to March/2008).
> Duratex

Nominal capacity and utilization rate during the 1Q2008:

      Hardboard
      H db d                                    92%    360.000
                                                       360 000 m3/year




            MDP                            85%         500.000
                                                       500 000 m3/year




   MDF/HDF/SDF                                 87%     640.000
                                                       640 000 m3/year



                                                          15.600 K
    Metal Fittings                       77%             items/year



                                                           4.000 K
   Vitreous China                                98%     items/year


Highlights:
       > Wood Division: plant stoppage for 10 days on average
       > Metal Fittings: capacity increased by 1,2 M items / year
> Housing
Housing financing via savings account (in R$ million)
                                                                                            . New loans Jan/08
                                                21.000
                                   18.410
                                   18 410                                                   . Increase over Jan/07
                                                                             224,5 M
                                                                           +2.300% a/a
                                                                                            248,5 M
                         9.314                                                             +145% a/a
                                                                                76,9
                                                                                76 9 M
             4.852
  3.002                                                                        +52% a/a
                                                                                       902,8 M
                                                                                      +109% a/a
  2004        2005       2006        2007       2008*                                167,5 M
Source: ABECIP, BACEN, 2008 estimate:SECOVI                                         +49% a/a

Interest rate and Civil Construction GDP
                      22,00%
          19,00%
                                              18,50%
 15,75%
                        17,50%      17,25%           13,25%
                                                          11,25% 11,30%

                                   5,7%                             5,6%
                                                             5,3%
                                                     4,5%
  2,1%                                        1,3%                                   SELIC rate
                                                                                     Civil Construction GDP
                                                                                     Ci il C   t   ti
  2000     2001 2002       2003    2004       2005   2006   2007   2008*        *     IBGE and Bacen
          -2,6% -2,5%                                                                 estimates
                         -8,6%
> Housing

Average construction cycle:




 6 meses     12 meses         6 meses
> Housing

    Diversified Product Mix
    > Type of real estate:
C (economic)                 B                            A                         AA (premium )




Description:
• Constructor: MRV
• Area: 42 m2                Description:
                                                          Description:
• Value: R$ 1.584 / m2       • Constructor: Ecolife
                                                          • Constructor: Tecnisa
• Total # of units: 296      • Area: 78 m2
                                                          • Area: 130 m2
• Deca Products: R$171.384   • Value: R$ 2.540 / m2
                                                          • Value: R$ 3.450 / m2
                             • Total # of units: 198
                                                          • Total # units: 52
                             • Deca Products: R$327.690
                                                          • Deca Products: R$412.672 Description:
                                                                                     • Constructor: Cyrela
                                                                                     • Area: 607 m2
                                                                                     • Value: R$ 5.340 / m2
                                                                                     • Total # of units: 48
                                                                                     • Deca Products: R$2.007.456
> Performance

   Revenues breakdown (1Q2008):


                 Laminate
                 Flooring                           Housing
                    6%                              (direct)

                                  MDF/HDF            46%
Metal Fittings                     SDF
    22%                            27%

                                                   Housing
                                                   (
                                                   (indirect)
                                                            )
                 R$ 428 3 M
                    428,3
                                                     34%
  Vitreous                         Particle
                                                    Others
                                                    Oth
   China                           Board
    12%                             15%             20%

                      Hardboard               Segments Attended
                         18%
> Leverage
 R $ M                                                   1 Q 0 8
T o t al D e b t                                          7 9 3 , 8
 C a s h a n d e q uiv ale n ts                            7 0 5 , 0
E q u it y                                            1 . 5 7 8 , 7                          34%
                                                                               LT       ST
N e t D e b t / E q u it y                                 5 , 6 %
                                                                        66%
N e t D e b t / E B I T D A                                  0 , 1 7




                    Foreign
                   Currency        160,5                               Debt and Amortization
                                              268,6
                                                                             Schedule (R$M)
                                                          119,7
                   Domestic
                   Currency        633,3                               260,3
                                                                       260 3

                                                                                145,2
                                  Debt 1Q08   2008           2009       2010   2011 and
                                                                                 after
> Highlights 1Q2008




  Shipped Volumes: + 11% y/y;

  Net Revenues: + 29% y/y, to R$ 147,0 million;

  Gross Margin: from 39%, in 2007, to 43%;

  EBITDA: + 59% to R$ 43,1 M. EBITDA Margin from 24% to 29%.
> Highlights 1Q2008

          Wood

  Shipped volumes : - 2%;

  Net Revenues: R$ 281 3 million, up b 16% y/y;
  N tR             281,3 illi        by     /

  Gross Margin: from 48% to 39%;

  EBITDA: - 9% to R$ 84,8 million and EBITDA margin at 30%;

  Results impacted by increasing cost pressure arised from:

   • resins,

   • electric power.
> 1st Quarters performance


Net Rev.(R$ million) & Gross Margin (%)   EBITDA (R$ million) & Margin (%)
    43%       43%       46%      428,3

                                40%                    31%      34%
                       356,5                31%                            30%
             330,4
    306,3                                             101,9     120,6     127,9
                                            93,8


    2005      2006      2007     2008       2005       2006     2007       2008


 Net Income (R$ million)
                 illi )                   Equity (R$ million) & ROE (%)
                                                      illi )
                                                                23%       22%
                                            17%       18%                 1.578,7
                                                                1.477,1

                        74,7      78,8
                                                      1.094,3
                                            1.016,2
     40,1      44,8


     2005      2006     2007      2008
                                             2005      2006     2007       2008
> Yearly performance
Net Rev.(R$ million) & Gross Margin (%)        Ebitda (R$ million) & Margin (%)
                       45%
            43%                  44%
  42%                                                                   33%       32%
                                 1.742,3
                                 1 742 3                    31%
                      1.670,6                   29%

           1.489,2                                                     558,1     565,4
                                                            458,1
                                               362,6
                                               362 6
 1.270,6


   2005      2006       2007      2008    *     2005        2006        2007      2008   *
Net Income (R$ million)                        Equity (R$ million) & ROE (%)
                                                                       22%        22%
                                                            18%
                      318,9     323,0          14%                    1.535,8    1.578,7
                                                          1.395,7
           226,0
           226 0
                                              1.050,8
 137,1



 2005       2006       2007      2008     *    2005         2006        2007      2008   *
                                                        * 2008     last 12 months (LTM)
> Performance

         WOOD

EBITDA (in R$ million) & Margin (in %)


1st Quarters                             Annual (2008    LTM data)


                 38,5%                                   37,1%   35,1%
                                                 35,3%
                                         31,1%
31,9%   33,0%
                          30,2%
                          30 2%

                                                 354,4   410,0   401,3

                  93,6
         72,7                            267,1
65,3                      84,8

 2005    2006     2007    2008           2005    2006     2007       2008
> Performance




EBITDA (in R$ million) & Margin (in %)


1st Quarters                             Annual (2008     LTM data)

  28,1%                    29,3%                                   27,4%
          26,4%                           23,3%            26,2%
                  23,8%                           21,4%
                                                                      164,1
                                                                      164 1
                                                           148,1
                           43,1
  28,6
    ,      29,2
           29 2    27,0
                   27 0                    95,5   103,7
                                                  103 7


  2005    2006     2007    2008            2005   2006     2007       2008
> Capital markets

Shareholding Structure:
       Total number of outstanding shares: 129,7M
        • PN: 76,1M,
                                          80% tag along rights
        • ON: 53,6M.
       Preferred shareholders historic holdings:
 60%
 55%
 50%
 45%
                                                                                 Foreign Investor
 40%
 35%                                                                             Other Local Investors
 30%
 25%
 20%
 15%
 10%                                                                             Local Pension Funds
                                                                                 Itaúsa (Controller)
  5%
  0%
        7




                                                                08




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                   ai




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                  m




                                                                           m
                                                              n/
    ar




                                                            ja
   m
> Capital markets

Stock Performance (period between Dec 31th 2005 and May 02nd 2008):

 65,00
 65 00                                                                                 45.000
                                                                                       45 000
 60,00       Mid price (in R$)                                                         40.000
 55,00
 50,00       Traded Volume                                                             35.000
             (
             (15 day moving average in R$M)
                   y      g      g      $ )
 45,00
 45 00                                                                                 30.000
 40,00
 35,00                                                                                 25.000
 30,00                                                                                 20.000
 25,00
 25 00
 20,00                                                                                 15.000
 15,00                                                                                 10.000
                                              Appreciation during the period in US$:
 10,00                                        . Duratex = + 257%
                                                                                       5.000
                                                                                       5 000
  5,00                                        . Ibovespa = + 174%
  0,00                                                                                 0
               un-06
               un-06
               jul-06


               set-06
              out-06
               ov-06
               ov-06




               un-07
               jul-07
               jul-07

               set-07
              out-07
              out-07
               ov-07
               ez-05
               an-06
               ev-06
             mar-06
             mar-06
              abr-06
             mai-06



               go-06
               go-06




               ez-06
               an-07
               ev-07
               ev-07
             mar-07
              abr-07
             mai-07
             mai-07



               go-07




               ez-07
               an-08
               an-08
               ev-08
             mar-08
              abr-08
              abr-08
           3-no
         28-no




         19-no
         29-de

          13-fe




         19-de

            5-fe
          28-fe




         11-de


          21-fe
            5-ju
          27-ju




          18-ju
          20-ja




          12-ja




            7-ja
          29-ja
           8-ag
         29-ag




         21-ag
          20-s




          12-s
         15-m




           4-m
         25-m
          11-o




          25-o
            3-o
          8-m
         29-m




         21-m




         13-m
           18-j




           10-j
           31-j
          20-a




          12-a




           4-a
          28-a
     Member of                         and           stock indexes.
> Market capitalization (in US$ M)
                   . I l i of Duratex stock on Ibovespa and IBrX50 indexes
                     Inclusion f D t   t k     Ib         d IB X50 i d
                                        . Extraordinary dividend worth R$50M

                  . Primary and secondary Stock issuing R$ 609 M
                          y             y             g $
                  . Stock dividend 1x1
                            . Adhesion to Bovespa Level 1
                            . Stock inplit 200 / 1

       . Termination of Benefficiary Parts                            3.172
       . Extraordinary dividend                                            2.943
       . 30% minimum pay out dividend policy
                        pay-out

                                                            1.990
 . 80% Tag-Along rights



                            550 748
                    173 339

                   2002 2003 2004 2005 2006 2007 2008*
                                                                        * as of 02.May.2008

                                    +1.600% during the period
> Capital markets

    Sell side coverage on Duratex stock:
       Sell side brokerage         Analys  t                 Phone                          E-mail
  Bras can Corretora                   Beatriz Battelli   (55-21) 3231-3146       bbattelli@  bancobrascan.com.br
  Citibank                              Luis Vallarino    (52-55) 1226-0608             lvallarino@  acciv al.com.mx
  Credit Suis e
              s                        Marcelo Telles     (52-55) 5283-8933     marcelo.telles@    credit-suisse.com
  Deuts che Bank                         Josh Milberg     (55-11) 2113-5971                   josh.milberg@
                                                                                              josh milberg@ comdb
                                                                                                               db.com
  Fator Banco                 Eduardo Pirani Puzziello    (55-11) 3049-9478      epuzziello@   fatorcorretora.com.br
  Itaú Corretora de Valores             Renata Faber      (55-11) 5029-4542               renata.faber@   itau.com.br
  Link Corretora                      Andres Kikuchi      (55-11) 4504-7290          andres@    linkcorretora.com.br
  Merrill Lynch                  Marcos Assumpção         (55-11) 2188-4226         marcos_assumpcao@          ml.com
  Santander Banes   pa               Marcello Milman      (55-11) 3012-7530   mmilman@   santanderbanespa.com.br
  Socopa Corretora de                       Daniel Dol    (55-11) 3299-2166                 daniel@   socopa.com.br
  UBS Pactual                          Edmo Chagas        (55-21) 2555-3025                edmo.chagas@      ubs.com
  Unibanco                          Andre Luiz Rocha      (55-11) 3584-4330     andreluiz.rocha@    unibanco.com.br
> DISCLAIMER

The information contained herein was prepared by Duratex S.A.
(the “Company”) and does not constitute an offering material, to
subscribe for or purchase any of the Company’s securities. This
material contains general information about the Company as of
this date. No representation or warranty, express or implied, is
made concerning, and no reliance should be placed on, the
accuracy, fairness or completeness of the information presented
herein.
The Company can give no assurance that expectations disclosed
in this presentation will be confirmed.


                                                     May 13, 2008

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Duratex 1Q 2008 Results Highlight Strong Performance

  • 1. Disclosure of Results 1 Q 2008 www.duratex.com.br May 2008
  • 2. > Business segments DECA DIVISION Metal Fittings Vitreous China Accessories A i Leadership within the Metals segment having a prominent position in Vitreous China. Possesses the industry´s broader product line industry´ attending the different market segments.
  • 3. > Business segments WOOD DIVISION Hardboard MDP MDF/HDF/SDF 0 Laminate Flooring Leadership within the Brazilian p panel making industry having the most diversified product line line.
  • 4. > Business segments 100% of the timberland h ldi f h i b l d holdings under D d Duratex S A S.A. Total timberland area: 115.000 ha: • market value: al e R$ 1 260 M (USD 720 M) 1.260 M); • book value (Mar/08): R$ 455 M (USD 260 M). Self-sufficiency Self sufficiency in wood supply: • cost efficiencies; • strategic access to raw material; • process integration reducing business volatility / risk. ISO14.001 and FSC certified; ; Member of the Chicago Climate Exchange (CCX): • Amount of CO2 offsets (timberland): 1.314.004 tones.
  • 5. > CAPEX: material fact March 2007 Capacity increase: MDF biggest line: 800.000 m3 capacity / year: growth over existing capacity: +125% (end 1HY09). Agudos/SP Metal Fittings: + 400.000 items / month: growth over existing capacity : +33% (end 2HY09). 33% Vitreous China: + 150.000 items / month: growth over existing capacity: + 47% (acquisition of Ideal Standard). Enrich sales mix: Expand by 130% the current laminate flooring production capacity (end 1HY09). 1HY09) New Low Pressure (BP) Coating Line : 8.500.000 m2 / year: Metal Fittings and Vitreous growth over existing capacity: +35% (end 1HY08). China in Jundiaí/SP Increase cost efficiencies: Resin plant: produce 100% of resin needs for MDF + MDP (end 1HY09). Acquisition of 20.000 hectares of land in the region. SAP Software and IBM Risk Hardware.
  • 6. > CAPEX Acquisition: IDEAL STANDARD (vitreous china) Characteristics of the acquisition: • R$ 60M: Acquisition + Capex + Working Capital needs; • 2 plants: Jundiaí/SP (80k items/month) and Queimados/RJ (70k items/month) items/month). Advantages: • Investment per item: 30% savings over a g p g green field p j ; project; • Time to market: a green field would take 24 months to be completed.
  • 7. > CAPEX: material fact May 2008 Capacity increase: MDP: 1.000.000 m3 capacity / year: growth over existing capacity: +200% (end 2HY10). Itapetininga/SP Enrich sales mix: New Low Pressure Coating Line: growth over existing capacity : +33% (end 2HY09). Cost savings: Resin plant: provide 100% of resin needs to the Itapetininga site. Objectives: j Take advantage of good market momentum, Strengthen market leadership, Improve competitive advantages and Create value to shareholders.
  • 8. > CAPEX and EBITDA (in R$M) 875,0 CAPEX EBITDA 558,1 558 1 565,4 565 4 458,1 362,6 320,6 320 6 303,5 232,2 199,4 187,5 222,3 210,4 172,8 138,9 139,4 136,8 108,4 105,4 2000 2001 2002 2003 2004 2005 2006 2007 2008 * * 2008 • Capex: estimated. • EBITDA: last 12 months data (from April/2007 to March/2008).
  • 9.
  • 10. > Duratex Nominal capacity and utilization rate during the 1Q2008: Hardboard H db d 92% 360.000 360 000 m3/year MDP 85% 500.000 500 000 m3/year MDF/HDF/SDF 87% 640.000 640 000 m3/year 15.600 K Metal Fittings 77% items/year 4.000 K Vitreous China 98% items/year Highlights: > Wood Division: plant stoppage for 10 days on average > Metal Fittings: capacity increased by 1,2 M items / year
  • 11. > Housing Housing financing via savings account (in R$ million) . New loans Jan/08 21.000 18.410 18 410 . Increase over Jan/07 224,5 M +2.300% a/a 248,5 M 9.314 +145% a/a 76,9 76 9 M 4.852 3.002 +52% a/a 902,8 M +109% a/a 2004 2005 2006 2007 2008* 167,5 M Source: ABECIP, BACEN, 2008 estimate:SECOVI +49% a/a Interest rate and Civil Construction GDP 22,00% 19,00% 18,50% 15,75% 17,50% 17,25% 13,25% 11,25% 11,30% 5,7% 5,6% 5,3% 4,5% 2,1% 1,3% SELIC rate Civil Construction GDP Ci il C t ti 2000 2001 2002 2003 2004 2005 2006 2007 2008* * IBGE and Bacen -2,6% -2,5% estimates -8,6%
  • 12. > Housing Average construction cycle: 6 meses 12 meses 6 meses
  • 13. > Housing Diversified Product Mix > Type of real estate: C (economic) B A AA (premium ) Description: • Constructor: MRV • Area: 42 m2 Description: Description: • Value: R$ 1.584 / m2 • Constructor: Ecolife • Constructor: Tecnisa • Total # of units: 296 • Area: 78 m2 • Area: 130 m2 • Deca Products: R$171.384 • Value: R$ 2.540 / m2 • Value: R$ 3.450 / m2 • Total # of units: 198 • Total # units: 52 • Deca Products: R$327.690 • Deca Products: R$412.672 Description: • Constructor: Cyrela • Area: 607 m2 • Value: R$ 5.340 / m2 • Total # of units: 48 • Deca Products: R$2.007.456
  • 14. > Performance Revenues breakdown (1Q2008): Laminate Flooring Housing 6% (direct) MDF/HDF 46% Metal Fittings SDF 22% 27% Housing ( (indirect) ) R$ 428 3 M 428,3 34% Vitreous Particle Others Oth China Board 12% 15% 20% Hardboard Segments Attended 18%
  • 15. > Leverage R $ M 1 Q 0 8 T o t al D e b t 7 9 3 , 8 C a s h a n d e q uiv ale n ts 7 0 5 , 0 E q u it y 1 . 5 7 8 , 7 34% LT ST N e t D e b t / E q u it y 5 , 6 % 66% N e t D e b t / E B I T D A 0 , 1 7 Foreign Currency 160,5 Debt and Amortization 268,6 Schedule (R$M) 119,7 Domestic Currency 633,3 260,3 260 3 145,2 Debt 1Q08 2008 2009 2010 2011 and after
  • 16. > Highlights 1Q2008 Shipped Volumes: + 11% y/y; Net Revenues: + 29% y/y, to R$ 147,0 million; Gross Margin: from 39%, in 2007, to 43%; EBITDA: + 59% to R$ 43,1 M. EBITDA Margin from 24% to 29%.
  • 17. > Highlights 1Q2008 Wood Shipped volumes : - 2%; Net Revenues: R$ 281 3 million, up b 16% y/y; N tR 281,3 illi by / Gross Margin: from 48% to 39%; EBITDA: - 9% to R$ 84,8 million and EBITDA margin at 30%; Results impacted by increasing cost pressure arised from: • resins, • electric power.
  • 18. > 1st Quarters performance Net Rev.(R$ million) & Gross Margin (%) EBITDA (R$ million) & Margin (%) 43% 43% 46% 428,3 40% 31% 34% 356,5 31% 30% 330,4 306,3 101,9 120,6 127,9 93,8 2005 2006 2007 2008 2005 2006 2007 2008 Net Income (R$ million) illi ) Equity (R$ million) & ROE (%) illi ) 23% 22% 17% 18% 1.578,7 1.477,1 74,7 78,8 1.094,3 1.016,2 40,1 44,8 2005 2006 2007 2008 2005 2006 2007 2008
  • 19. > Yearly performance Net Rev.(R$ million) & Gross Margin (%) Ebitda (R$ million) & Margin (%) 45% 43% 44% 42% 33% 32% 1.742,3 1 742 3 31% 1.670,6 29% 1.489,2 558,1 565,4 458,1 362,6 362 6 1.270,6 2005 2006 2007 2008 * 2005 2006 2007 2008 * Net Income (R$ million) Equity (R$ million) & ROE (%) 22% 22% 18% 318,9 323,0 14% 1.535,8 1.578,7 1.395,7 226,0 226 0 1.050,8 137,1 2005 2006 2007 2008 * 2005 2006 2007 2008 * * 2008 last 12 months (LTM)
  • 20. > Performance WOOD EBITDA (in R$ million) & Margin (in %) 1st Quarters Annual (2008 LTM data) 38,5% 37,1% 35,1% 35,3% 31,1% 31,9% 33,0% 30,2% 30 2% 354,4 410,0 401,3 93,6 72,7 267,1 65,3 84,8 2005 2006 2007 2008 2005 2006 2007 2008
  • 21. > Performance EBITDA (in R$ million) & Margin (in %) 1st Quarters Annual (2008 LTM data) 28,1% 29,3% 27,4% 26,4% 23,3% 26,2% 23,8% 21,4% 164,1 164 1 148,1 43,1 28,6 , 29,2 29 2 27,0 27 0 95,5 103,7 103 7 2005 2006 2007 2008 2005 2006 2007 2008
  • 22. > Capital markets Shareholding Structure: Total number of outstanding shares: 129,7M • PN: 76,1M, 80% tag along rights • ON: 53,6M. Preferred shareholders historic holdings: 60% 55% 50% 45% Foreign Investor 40% 35% Other Local Investors 30% 25% 20% 15% 10% Local Pension Funds Itaúsa (Controller) 5% 0% 7 08 ar n r v l ai t z o v /0 ju t ou ab de no ju ag se fe m m n/ ar ja m
  • 23. > Capital markets Stock Performance (period between Dec 31th 2005 and May 02nd 2008): 65,00 65 00 45.000 45 000 60,00 Mid price (in R$) 40.000 55,00 50,00 Traded Volume 35.000 ( (15 day moving average in R$M) y g g $ ) 45,00 45 00 30.000 40,00 35,00 25.000 30,00 20.000 25,00 25 00 20,00 15.000 15,00 10.000 Appreciation during the period in US$: 10,00 . Duratex = + 257% 5.000 5 000 5,00 . Ibovespa = + 174% 0,00 0 un-06 un-06 jul-06 set-06 out-06 ov-06 ov-06 un-07 jul-07 jul-07 set-07 out-07 out-07 ov-07 ez-05 an-06 ev-06 mar-06 mar-06 abr-06 mai-06 go-06 go-06 ez-06 an-07 ev-07 ev-07 mar-07 abr-07 mai-07 mai-07 go-07 ez-07 an-08 an-08 ev-08 mar-08 abr-08 abr-08 3-no 28-no 19-no 29-de 13-fe 19-de 5-fe 28-fe 11-de 21-fe 5-ju 27-ju 18-ju 20-ja 12-ja 7-ja 29-ja 8-ag 29-ag 21-ag 20-s 12-s 15-m 4-m 25-m 11-o 25-o 3-o 8-m 29-m 21-m 13-m 18-j 10-j 31-j 20-a 12-a 4-a 28-a Member of and stock indexes.
  • 24. > Market capitalization (in US$ M) . I l i of Duratex stock on Ibovespa and IBrX50 indexes Inclusion f D t t k Ib d IB X50 i d . Extraordinary dividend worth R$50M . Primary and secondary Stock issuing R$ 609 M y y g $ . Stock dividend 1x1 . Adhesion to Bovespa Level 1 . Stock inplit 200 / 1 . Termination of Benefficiary Parts 3.172 . Extraordinary dividend 2.943 . 30% minimum pay out dividend policy pay-out 1.990 . 80% Tag-Along rights 550 748 173 339 2002 2003 2004 2005 2006 2007 2008* * as of 02.May.2008 +1.600% during the period
  • 25. > Capital markets Sell side coverage on Duratex stock: Sell side brokerage Analys t Phone E-mail Bras can Corretora Beatriz Battelli (55-21) 3231-3146 bbattelli@ bancobrascan.com.br Citibank Luis Vallarino (52-55) 1226-0608 lvallarino@ acciv al.com.mx Credit Suis e s Marcelo Telles (52-55) 5283-8933 marcelo.telles@ credit-suisse.com Deuts che Bank Josh Milberg (55-11) 2113-5971 josh.milberg@ josh milberg@ comdb db.com Fator Banco Eduardo Pirani Puzziello (55-11) 3049-9478 epuzziello@ fatorcorretora.com.br Itaú Corretora de Valores Renata Faber (55-11) 5029-4542 renata.faber@ itau.com.br Link Corretora Andres Kikuchi (55-11) 4504-7290 andres@ linkcorretora.com.br Merrill Lynch Marcos Assumpção (55-11) 2188-4226 marcos_assumpcao@ ml.com Santander Banes pa Marcello Milman (55-11) 3012-7530 mmilman@ santanderbanespa.com.br Socopa Corretora de Daniel Dol (55-11) 3299-2166 daniel@ socopa.com.br UBS Pactual Edmo Chagas (55-21) 2555-3025 edmo.chagas@ ubs.com Unibanco Andre Luiz Rocha (55-11) 3584-4330 andreluiz.rocha@ unibanco.com.br
  • 26. > DISCLAIMER The information contained herein was prepared by Duratex S.A. (the “Company”) and does not constitute an offering material, to subscribe for or purchase any of the Company’s securities. This material contains general information about the Company as of this date. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented herein. The Company can give no assurance that expectations disclosed in this presentation will be confirmed. May 13, 2008