Corporate Presentation

1st Quarter 2016

Highlights

1

Increase of 80% in volume when compared to the same period in 2015

Colombian subsidiary is presenting excelent results. A tender offer was made for the Company’s delisting

Capital funding of R$ 675 million for 6 years with 98% of CDI

Wood: Increase in MDP price in March and MDF in April

Deca: price increase in all portfolio starting in April

Exports

Tablemac

Price

Bond

Consolidated Financial Highlights

Consolidated Net Revenues (R$ million)

% Foreign Market over Total Net Revenue

2

(in R$ million) 1Q16 4Q15 % 1Q15 %

Net Revenue 901,4 955,0 -5,6% 1.001,5 -10,0%

Wood Division Brazil 502,9 525,1 -4,2% 593,2 -15,2%

Tablemac 105,5 99,2 6,4% 72,2 46,1%

Deca 292,9 330,7 -11,4% 336,0 -12,8%

Recurring Gross Margin 22,2% 25,2% 29,6%

Consolidated Financial Highlights

3

(in R$ million) - Brazil 1Q16 4Q15 Var % 1Q15 Var %

Deca Sales Volume (in '000 items) 6.218 6.249 -0,5% 6.718 -7,4%

Deca Shipment Volume (in '000 items) 5.422 6.217 -12,8% 6.692 -19,0%

Wood Volume (in m3) 532.984 528.331 0,9% 653.127 -18,4%

Recurrent EBITDA 76,1 157,6 -51,7% 199,3 -61,8%

Recurrent EBITDA Margin 9,6% 18,4% - 21,5% -

Recurrent Net Profit -42,1 62,2 -167,7% 61,5 -168,5%

Recurrent ROE -3,8% 5,4% - 5,4% -

Colombia 1Q16 4Q15 Var % 1Q15 Var %

Wood Volume (in m3) 68.000 67.295 1,0% 57.782 17,7%

Recurrent EBITDA 30,2 27,8 8,6% 15,1 100%

Recurrent EBITDA Margin 28,6% 28,0% - 20,9% -

Recurrent Net Profit 12,6 14,0 -10,4% 7,0 80,9%

Consolidated 1Q16 4Q15 Var % 1Q15 Var %

Deca Sales Volume (in '000 items) 6.218 6.249 -0,5% 6.718 -7,4%

Deca Shipment Volume (in '000 items) 5.422 6.217 -12,8% 6.692 -19,0%

Wood Volume (in m3) 600.984 595.626 0,9% 710.909 -15,5%

Recurrent EBITDA 106,3 185,3 -42,7% 214,4 -50,4%

Recurrent EBITDA Margin 11,8% 19,4% - 21,4% -

Recurrent Net Profit -29,6 76,2 -138,8% 68,5 -143,2%

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

Brazil’s Wood Panel Market In ‘000 m3

4

MDF Market

MDP Markey

Annual Effective Capacity: 5.170

Annual Effective Capacity: 4.030

-8,9%

13,4%

-8,5%

-14,9%

-1,6%

-14,9%

Operational Highlights Wood

Installed Capacity and Occupancy Rate

in the Quarter*

Shipments (in ‘000 m3)

5 * Considering Itapetininga’s capacity for the calculation

+0,9%

-15,5%

Financial Highlights Wood

Net Revenue (R$ million) and

Gross Margin (%)

Recuring EBITDA (R$ million) and

EBITDA Margin (%)

6

-2,5%

28,1%

-8,6%

-48,8%

-54,1%

23,5% 20,2% 23,1% 22,1% 11,6%

Building Material Industry

Source: Brazilian Building Material Industry Association

ABRAMAT INDEX – INTERNAL MARKET

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

same period in the previous year

7

Operational Highlights

Installed Capacity and Occupancy Rate

in the Quarter

Shipments (in ‘000 items)

Deca

**

-12,8%

-19,0%

*

For 1Q16 the sales volume was of 6.2 million items, with a great concentration in the end of the month of March, that was shipped in April ( 800k items)

8 * Includes 536k items from Corona

** Includes 233k items from Corona

Financial Highlights Deca

Net Revenue (R$ million) and

Gross Margin (%)

Recuring EBITDA (R$ million) and

EBITDA Margin (%)

9

32,5% 28,5% 26,4% 18,0% 14,3% 12,2%

-11,4%

-12,8%

-24,8%

-41,0%

For 1Q16 the sales volume was of 6.2 million items, with a great concentration in the end of the month of March, that was shipped in April ( 800k items)

Corresponding to R$ 36 million of Net Revenue and an additional EBITDA of R$ 11.2million

Consolidated CAPEX and Main Investments

In R$ million

10

3.719,6

635,8

832,2

601,5 607,9 556,2

486,0

Main Projetcs of 2016

Delisting of Colombian

subsidiary Tablemac

Indebtedness

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

* 100% Hedge

11

Main actions for the year of 2016

12

Duratex Management System (Falconi) and Zero Based Budget

Optimization of operational processes (logistics, sales and inventory management)

Increase in exports

CAPEX restricted to maintenance

Capacity adjusted to current market

Internal Agenda

Management

External Market

CAPEX

Capacity Utilization

Disclaimer

13

The information contained herein was prepared by Duratex S.A. and does not

constitute an offering material, to subscribe for or purchase any of the Company’s securities.

This material also brings general information about Duratex S.A. and its markets. 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.

April 2016

13