Eucatex reported strong financial results in 2Q13, with net revenue up 21.3% and recurring EBITDA up 38.3%. Net income increased 74.6%. All business segments saw revenue growth, with fiberboard revenue up 40.8% and laminated flooring up 34.8%. Eucatex continues investing in sustainability initiatives like forest plantations and recycling programs. Capex in 2Q13 was R$27.2 million and focused on equipment for T-HDF/MDF production and sustainability projects.

1. 2Q13 Results
August 8, 2013

2. Eucatex Group
2
Net Revenue – R$279.5 million, up 21.3%
Recurring EBITDA – R$59.9 million, up 38.3%
EBITDA Margin – 21.4%, expansion of 2.6 pp
Net Income – R$25.0 million, up 74.6%
2Q13 General Highlights

3. Operating Data – Net Revenue
3
Breakdown by Product Breakdown by Segment
MDP
24%
T-HDF/MDF
24%
Fiberboard
18%
Paints and
Varnishes
20%
Laminated
Flooring
12%
Other
2%
Furniture
Industry
40%
Civil
Construction
41%
Retail
13%
Export
Market
6%

4. 2Q12 2Q13
92.4
87.9
Breakdown of Costs
Total Market (‘000 m³)
Fiberboard
Installed Capacity Utilization
 Total Capacity – 240,000 m³ / year
4
Source: ABIPA
1T06 1T07 1T08 1T09 1T10
100
110
120
106
114
100
118
130
104
139
Eucatex Mercado
Net Revenue
2Q12 2Q13 Var
R$48.1 million R$50.7 million 5.3%
Market
2Q13
83%
Wood
16%
Coating (Paper
and Paint)
8%Other
Materials
31%
Labor
22%
Electricity
9%
Thermal
Power
6%
Depreciation
9%

5. 2Q12 2Q13
889.1
959.5
T-HDF / MDF
Breakdown of Costs
Installed Capacity Utilization
 Total Capacity – 275,000 m³ / year
5
T-HDF + MDF Market ('000 m³)
Source: ABIPA
1T06 1T07 1T08 1T09 1T10
100
110
120
106
114
100
118
130
104
139
Eucatex Mercado
Net Revenue
2Q12 2Q13 Var
R$46.8 million R$65.9 million 40.8%
Market
2Q13
91%
Wood
22%
Other
Materials
15%
Resin
30%
Labor
8%
Electricity
10%
Thermal
Power
4%
Depreciation
11%

6. 2Q12 2Q13
786.,9 828.5
MDP
Breakdown of Costs
Installed Capacity Utilization
 Capacity – 430,000 m³ / year
6
Market ('000 m³)
Source: ABIPA
1T06 1T07 1T08 1T09 1T10
100
110
120
106
114
100
118
130
104
139
Eucatex Mercado
Net Revenue
2Q12 2Q13 Var
R$57.6 million R$67.6 million 17.3%
Market
2Q13
86% 95%
Wood
16%
Coating
(Paper and
Paint)
27%
Other
Materials
14%
Resin
18%
Labor
7%
Electricity
6%
Thermal
Power
5% Depreciation
7%

7. Laminated Flooring
Breakdown of Costs
Installed Capacity Utilization
 Total Capacity – 12 million m² / year
7
Market ('000 m²)
Source: ABIPLAR
1T06 1T07 1T08 1T09 1T10
100
110
120
106
114
100
118
130
104
139
Eucatex Mercado
Net Revenue
2Q12 2Q13 Var
R$24.6 million R$33.1 million 34.8%
Market
2Q12 2Q13
2,726.7
3,258.5
2Q13
43%
Wood
7%
Coating
(Paper)
62%
Other
Materials
10%
Resin
13%
Labor
4%
Electricity
1%
Thermal
Power
1%
Depreciation
2%

8. Paints and Varnishes
Breakdown of Costs
Installed Capacity Utilization
 Total Capacity – 36 million gallons / year
8
Market – Million gallons
Source: Eucatex
1T06 1T07 1T08 1T09 1T10
100
110
120
106
114
100
118
130
104
139
Eucatex Mercado
Net Revenue
2Q12 2Q13 Var
R$48.4 million R$57.0 million 17.9%
Market
2Q12 2Q13
266.5 262.4
2Q13
59%
Raw Material
73%
Packaging
17%
Labor
7%
Electricity
1%Other Costs
3%
Depreciation
1%

9. Financial Data
9
Highlights (R$ million) 2Q13 V.A. % 2Q12 V.A. % Var. (%) 1H13 V.A. % 1H12 V.A. % Var. (%)
Net Revenue 279.5 100.0% 230.5 100.0% 21.3% 532.2 100.0% 449.4 100.0% 18.4%
Fair value of biological assets 11.1 4.0% 11.3 4.9% 1.7% 22.4 4.2% 22.2 4.9% -0.7%
Cost of products sold (194.8) -69.7% (165.5) -71.8% 17.7% (376.2) -70.7% (322.5) -71.8% 16.6%
Gross income 95.8 34.3% 76.4 33.1% 25.5% 178.5 33.5% 149.1 33.2% 19.7%
Gross Margin (%) 34.3% 33.1% 1.1 p.p. 33.5% 33.2% 0.4 p.p.
Administrative expenses (12.9) -4.6% (11.8) -5.1% 8.9% (25.6) -4.8% (23.7) -5.3% 8.0%
Selling expenses (38.5) -13.8% (36.0) -15.6% 7.0% (72.6) -13.6% (67.8) -15.1% 7.0%
Other operating income and expenses (2.7) -1.0% 2.0 0.9% -236.7% (3.0) -0.6% 1.4 0.3% -317.7%
EBITDA adjusted by non-cash events 66.2 23.7% 55.4 24.0% 19.5% 116.4 21.9% 97.4 21.7% 19.5%
EBITDA Margin (%) 23.7% 24.0% -0.3 p.p. 21.9% 21.7% 0.2 p.p.
Adjusted Recurring EBITDA 59.9 21.4% 43.3 18.8% 38.3% 112.3 21.1% 83.9 18.7% 33.8%
Adjusted Recurring EBITDA Margin (%) 21.4% 18.8% 2.6 p.p. 21.1% 18.7% 2.4 p.p.
Net financial result (20.1) -7.2% (24.0) -10.4% 16.1% (28.3) -5.3% (34.1) -7.6% 16.9%
Non-recurring results 6.3 2.3% 12.1 5.2% -47.8% 4.1 0.8% 13.5 3.0% -69.9%
Income and social contribution taxes (2.8) -1.0% (4.4) -1.9% -34.6% (7.8) -1.5% (8.6) -1.9% -9.2%
Net Income 25.0 8.9% 14.3 6.2% 74.6% 45.2 8.5% 29.7 6.6% 52.0%

10. Net Debt / EBITDA Debt Profile
Debt
10
Debt (R$ Million) 1H13 1H12 Var. (%) 2012 Var. (%)
Short Term Debt 132.7 135.9 -2.4% 146.9 -9.7%
Long Term Debt 141.8 151.5 -6.4% 126.9 11.8%
Gross Debt 274.5 287.4 -4.5% 273.8 0.3%
Cash and Cash Equivalents 7.0 21.6 -67.7% 6.9 1.3%
Net Debt 267.5 265.8 0.6% 266.9 0.2%
% Short Term Debt 48% 47% 1.1 p.p. 54% -9.9%
Net Debt/EBITDA 1.2 1.6 -24.8% 1.4 -17.7%
Short
Term
48%
Long
Term
52%
2011 2012 1H13
1.2 x
1.4 x
1.2 x

11. Capex
Ancillary equipment for T - HDF/MDF
Sustainability - Production
Sustainability - Forests
Capex in 2Q13
Capex for 2013
R$90 million
11
Sustainability
50%
Forests
50%
R$ 27.2 million

12. 74 farms with
eucalyptus
plantations totaling
45,800 hectares
Average Radius
Salto Botucatu
151 km 48 Km
Sustainability – Forests and Recycling
12
Newly Planted Forests (hectares)
Volume Processed (ton) - Recycling
Total Processing Capacity - Recycling
Ton/Year
Equivalent to
Trees Forests
240,000 ton 2 million / year 1,500 hectares
Gains in Wood Purchases - Recycling
Wood
Market *
Recycled Variation
Consump.
Dry Ton
Gain
R$210.60
ton/dry
R$137.79
ton/dry
R$72.81
ton/dry
48,986 R$3,567,000
* Wood chips - CIF
89,383
99,808
57,631
2011 2012 1H13
2010 2011 2012 1H13
4,080
5,036
4,603
1,724

13. 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/ir
IR Contacts