EMPRESAS CMPCCOMPANY OVERVIEW

Presentation prepared for the BCI Investor MeetingLuis Llanos – CFO

April 2013

2

AGENDA

I. Company description

II. Our Value proposal

1. Leading diversified Latin

American P&P player

2. Cost advantaged producer

with world-class assets

3. Diversified investment

portfolio in high growth

potential businesses

4. Strong balance sheet and

financial track record

5. Committed to sustainable

development

3

Matte Group

55%

Local &

Foreign

Investors

34%

Chilean

Pension

Funds

11%

P&P companies by market cap

(US$ billion)*

BBB rating by S&P and

BBB+ rating by Fitch

CMPC AT A GLANCE

CMPC is a P&P company, established in 1920, that produces solid wood

products, pulp, paper, tissue and packaging products in Latin

America

Shareholders’ Structure*

Market capitalization of US$8 billion as of March 31st, 2013

15,300Employees worldwide

CMPC’s FiguresSales: 4,759

EBITDA: 914

Net Income: 202

Net Debt: 3,004

Assets: 14,046

Figures for the LTM as of Dec. 2012 (US$ million)

Controlled by the Matte Family, one of Chile’s leading economic groups

Operations in 8

countries, selling to over

30 thousand clients

in more than 45

countries

*As of March 31st, 2013. Source: Bloomberg * As of December 31st, 2012. Source: CMPC

20.4

18.2

10.1

8.06.5

5.43.9

IP SCA KCM CMPC Fibria Stora Enso Suzano

4

CMPC DIVERSIFICATION AND GROWTH THROUGH LATIN AMERICA

ForestsPulp OperationsPaper OperationsTissue OperationsPaper Products Operations

1990 2012 Growth

Plantations 237 th. hectares 722 th. hectares 3.0x

Wood Products

267 th. m3 1,430 th. m3 5.4x

Pulp 308 th. tons 2.8 million tons 9.1x

Boxboard 31 th. tons 425 th. tons 13.7x

Tissue Paper 43 th. tons 582 th. tons 13.5x

Corrugated Boxes

55 th. tons 285 th. tons 5.2x

Multiwall bags 74 million units 660 million units 8.9x

Assets MUS$ 1,312 MUS$ 14,046 10.7x

Shareholders’ Equity

MUS$ 1,071 MUS$ 7,980 7.5x

Capex and M&A

> MUS$ 9,700

CMPC has expanded significantly through Latin America over the last two decades. CMPC

maintains operations in Chile, Brazil, Argentina, Mexico, Peru, Colombia, Uruguay and Ecuador.

Source: CMPC

5

CMPC’S DIFFERENCIATED BUSINESS MODEL

DiversificationParticipate in several

markets (products and geography), diminishing financial and commercial

risks, identifying new opportunities

Focus and Selectiveness

Enter niche markets with competitive advantages and high growth potential in the

P&P industry

SynergiesIdentify and develop

business synergies, letting each business focus and adapt to its own market

dynamics

CMPC has a long term business vision, which is focused on generating value through its traditional seal of innovation and prudence in all its business activities.

Cost EfficiencyConstantly investing in the

latest equipment and production efficiency to

further lower costs

6

A BALANCED GROWTH IN ALL BUSINESS SEGMENTS PROVIDES CMPC A DIVERSIFIED

REVENUE MIX

Source: CMPC. Figures in US$ million for the LTM as of December 2012 / Figures do not include Holding and Intercompany Sales and EBITDA

Main Figures% of third parties total

sales% of consolidated

EBITDATotal capacity &

Employees

Fore

stry

Pu

lpP

aper

Tiss

ue

Pap

er

Pro

du

cts

Sales: 815Sales 3rd parties: 503EBITDA: 159EBITDA margin: 20%

722 Th. has. planted 13 M m3/y harvested

2,057 employeesUS$ 4.5 billion in assets

Sales: 1,616Sales 3rd parties: 1,375EBITDA: 364EBITDA margin: 23%

2.8 M tons/y1,847 employees

US$ 5.1 billion in assets

Sales: 876Sales 3rd parties: 725EBITDA: 157EBITDA margin: 18%

960 Th. tons/y1,683 employees

US$ 1.2 billion in assets

Sales: 1,768Sales 3rd parties: 1,764EBITDA: 208EBITDA margin: 12%

582 Th. tons/y7,668 employees

US$ 2.3 billion in assets

Sales: 415Sales 3rd parties: 392EBITDA: 40EBITDA margin: 10%

396 Th. tons/y2,265 employees

US$ 0.5 billion in assets

11%17%

29%40%

15% 17%

37% 23%

8% 4%

Source: CMPC

7

AGENDA

I. Company description

II. Our Value proposal

1. Leading diversified Latin

American P&P player

2. Cost advantaged producer

with world-class assets

3. Diversified investment

portfolio in high growth

potential businesses

4. Strong balance sheet and

financial track record

5. Committed to sustainable

development

1. LEADING DIVERSIFIED LATIN AMERICAN

P&P PLAYER

9

FORESTRY DIVISION: HIGH QUALITY TIMBER ASSETS AND STATE OF ART FACILITIES

Key Facts

• 100% planted and certified forests.

• Strategic locations of industrial facilities: near to the forests and ports.

• Average ratio planting/harvesting (LTM as of December 2012) : 1.14 times.

Forestal Mininco

Chile: 731,888 has. 503,279 planted has.

Brazil: 319,505 has. 159,074 planted has.

Argentina: 94,287 has. 59,235 planted has.

Fa

cilit

ies

Ma

in

De

sti

na

tio

ns

Ma

in

Use

s

Chile :Bucalemu, Mulchén, Nacimiento

Middle East, Japan, Mexico,

China, South Korea

Construction, Industrial

Packaging and Furniture

Chile :Coronel, Los Angeles

Chile :Mininco

United States, Japan,

Australia, South Korea, Spain

United States, Mexico,

Italy, Australia,

Netherlands

Construction and RemodelingConstruction, Industrial

Packaging and Furniture

Remanufactured wood

190 Th. m3/y

Plywood

240 Th. m3/y

Sawn wood

1.0 M m3/y

10

Europe

35%

Latin America

9%China

27%

Asia (excluding

China)

24%

Middle East

3% Others

2%

Market Pulp Capacity Ranking 2012

PULP DIVISION: LARGE SCALE PRODUCER WITH GLOBAL CLIENT BASE

Laja (Pine)

370 Th. tons/y

Pacífico (Pine)

500 Th. tons/y

Santa Fe(Eucalyptus)

1,510 Th. tons/y

Guaíba(Eucalyptus)

450 Th. tons/y

Diverse customer base with more than 370 customers

over 35 countries

Source: CMPC

Source: CMPC and Hawkins Wright as of December 2012 (million tons)

1,300

230

1,920

355

1,640

1,135

3,900

5,280

500

1,815

1,660

1,950

665

1,750

UPM-Kymmene

Weyerhaeuser

Sodra

Suzano

Georgia Pacific

CMPC

Arauco

APRIL

Fibria

BHKP BSKP

11

Plywood

PAPER DIVISION: STRATEGICALLY FOCUSED ON NICHE PAPER GRADES

Boxboard

425 Th. tons/y

Corrugated Paper

330 Th. tons/y

Newsprint

65 Th. tons/y (1)

Other papers

140 Th. tons/y

Key facts

• State of art technology & low cost producer.

• Extensive use of recycled paper.

• Diversified customer portfolio with over 3,000 clients in more than 30 countries.

Paper recollection

650 Th. tons/y (2)

• Chile: Sorepa• Colombia• Argentina• Peru• Mexico• Uruguay

Edipac: Most important

paper distributor in Chile, with 36% of total market share

Chile: Maule, Valdivia

Chile: Puente Alto

Chile: Nacimiento

Chile: Laja (Sackraft)

Brazil: Riograndense (Printing & Writing)

Paper distribution

Chile, UK, Colombia,

Peru, USA

Chile, Argentina,

Ecuador, Colombia

Chile, Peru, Argentina,

Ecuador

Consumer packaging Industrial packaging Newspapers

Op

era

tio

ns

Ma

in

De

sti

na

tio

ns

Ma

in

Use

s

(1) On current conditions, with line I closed due to high energy costs.

(2) Recycled paper collected in 2012.

Brazil Chile

12

TISSUE DIVISION: CMPC IS A LEADING LATIN AMERICAN PLAYER

Key facts

• Second-largest tissue player in

Latin America.

• Strong branding across broad

range of tissue and sanitary

products.

• Broad market segmentation

and extensive distribution

network with presence in all

main categories of tissue and

sanitary products.

• Extensive use of recycled paper.

• High growth opportunities, due

to low per capita consumption.

• Currency hedge: sales in local

currencies.

Domestic Consumption Away from home ProductsSanitary Products

13

TISSUE DIVISION: CMPC IS A LEADING LATIN AMERICAN PLAYER

140

99

35

71 84

27 -

126

74%

48%

84%

54%

6%12%

23%

12%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

-

20

40

60

80

100

120

140

160

Chile Argentina

(1991)

Uruguay

(1994)

Peru

(1996)

Mexico

(2006)

Colombia

(2007)

Ecuador

(2009)

Brazil

(2009)

Th

ou

sa

nd

to

ns

Tissue Paper Capacity Market Share

14

Plywood

PAPER PRODUCTS DIVISION: LOCAL SALES MAINLY ORIENTED TO EXPORT

INDUSTRIES

Corrugated boxes

(Roble Alto)

140 Th. tons/y

Chile: Buin

Corrugated boxes

(Envases Impresos)

145 Th. tons/y

Chile: Chillán Argentina: Hinojo Peru: Lima Mexico: Guadalajara

Paper bags93 Th. tons/y

660 MM bags/y

Chile: Puente Alto

Molded pulp trays18 Th. tons/y

296MM units/y

Key Facts

• Market leader in corrugated boxes and multiwall bags in Chile

• High level of customer service in order to deliver high quality packaging

Chilean export industriesChile, Peru, Argentina, Mexico

and United StatesChile, Argentina, Mexico, Peru

Fruit exportsCement, building

materials, chemicals and foodApples, avocados and eggs

Chile : Quilicura, TilTil, Osorno

Chile and Chilean export

industries

Industrial packaging, salmon

and wine exports

Op

era

tio

ns

Ma

in

De

sti

na

tio

ns

Ma

in

Use

s

15

Plywood

CMPC HAS A PRODUCT AND GEOGRAPHIC DIVERSIFICATION OF SALES THAT

PROVIDES FLEXIBILITY

Source: CMPC. Figures in US$ million for the LTM as of December2012 / Figures do not include Holding and Intercompany Sales .

2. COST ADVANTAGED PRODUCER WITH

WORLD-CLASS ASSETS

17

Plywood

FORESTRY DIVISION: HIGH QUALITY TIMBER ASSETS AND STATE OF ART FACILITIES

Source: CMPC

• Proximity of forests to industrial facilities and ports

• Genetic and sylvicultural practices / forest management to enhance

yield

Southern Hemisphere Northern Hemisphere

• Faster growth cycle in the southern hemisphere

• Lower average distance to mills

• Less capital investment in land

18

0

100

200

300

400

500

600

700

0 5,000 10,000 15,000 20,000 25,000

(US

$/To

n c

.i.f

. N

. Eu

rop

e)

( Thousand metric tonnes)

0

100

200

300

400

500

600

0 5,000 10,000 15,000 20,000 25,000 30,000

(US

$/T

on

c.i.

f. N

. Eu

rop

e)

(Thousand metric tonnes)

BSKP1 Supply Curve (US$/ton)

CMPC HAS ONE OF THE LOWEST CASH COSTS OF THE PULP INDUSTRY

Source: CMPC and Hawkins Wright as of March 2013

(1) BSKP: Bleached Softwood Kraft Pulp

(2) BHKP: Bleached Hardwood Kraft Pulp

CMPC’s pulp facilitiesCMPC’s pulp facilities

BHKP2 Supply Curve (US$/ton)

163 Km.

93 Km.

119 Km.

80 Km.

80 Km.

93 Km.

99 Km.

260 Km.

(By train)

(By train)

(By train)

(By barges)

CMPC’s average distance from… to…

Source: CMPC

Laja

Guaíba I

Pacífico

Santa Fe

19

CMPC IS A COST ADVANTAGED PRODUCER WITH WORLD-CLASS ASSETS

CMPC has a low cash cost position mainly explained by:

Intensive use of recycledpaper

Low cost access to fiber

Research and development

investments in order to improve efficiency and customer satisfaction

State of the art facilities

3. DIVERSIFIED INVESTMENT PORTFOLIO IN

BUSINESSES WITH HIGH GROWTH POTENTIAL

21

CMPC HAS A DIVERSE PROJECT PORTFOLIO WITH GROWTH IN ALL

BUSINESS AREAS

FORESTRY

Land purchases for forestry

uses

TISSUE

Increase in conversion

capacity of tissue paper and

sanitary products

TISSUE

Double width machine -

Talagante mill

50 th. ton/year

US$ 78 million

2Q13

PAPER PRODUCTS

Molded pulp tray expansion

7 th. tons/year

US$8 million

2Q13

ENERGY

Investments in energy based

on biomass and

cogeneration

FORESTRY

Expansion Plywood mill

240 th. m3/year

US$ 95 million

3Q13

PULP

Guaíba Expansion

1.3 million ton/year

US$ 2.1 billion

1Q15

22

Energy capacity

176 MW, selling up

to 30 MW into the

electric system

THE GUAÍBA II PROJECT WILL BE ONE OF THE MOST EFFICIENT IN THE

PULP INDUSTRY

22

100% wood self

sufficient; supplied

by forests with FSC

Certification

Capacity rises 1.3

million tones/year,

BRAZILEstimated Capex

US$2.1 billion

Average distance

from the forests

180 km

New pulp capacity

to help CMPC

diversify customer

base and grow

market shareFinancing Plan

+ Capital Increase

+ BNDES Credit

+ Local or

international debt

issuance

+ Sale of non-core

assets

+ Additional funding

availableUpgrade CMPC’s

existing logistics

Over 162,000

hectares planted

Nursery with 300

million

seedlings per year

State of the art

technology

CMPC’s BEKP

capacity rises 65%

23

Market Penetration of Sanitary Products in Latin America

CMPC WANTS TO TAKE ADVANTAGE OF LATAM UNDERPENETRATED TISSUE MARKETS

Key facts

• High growth opportunities, due to low per capita consumption.

• Growing market share in countries were CMPC last entered, such as Brazil, Mexico and Colombia.

• Being a Latin American player allows CMPC Tissue to be more flexible in terms of paper supply.

• Regional player, but with local strategies and know how.

• R&D in order to increase customer satisfaction.

IndiaChina

Ecuador

PeruColombia

BrazilUruguay

MexicoChile

Argentina

Portugal

Spain

FranceJapan

Canada

Sweden

USA

Switzerland

0

5

10

15

20

25

30

0 10 20 30 40 50

Tiss

ue P

aper

App

. Con

s (k/

hab)

GNI per capita, PPP (US$ Thousand)

Tissue per Capita Consumption

Source: CMPC

Source: CMPC

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Baby Diapers Adult Diapers Femenine Care

4. STRONG BALANCE SHEET AND

FINANCIAL TRACK RECORD

25

FINANCIAL SUMMARY

Source: CMPC

US$ Million 4Q11 2011 3Q12 4Q12 2012 QoQ% YoY%

Sales 1,119 4,797 1,209 1,211 4,759 0% 8%

Operating Costs (797) (3,120) (795) (818) (3,163) 3% 3%

Other Operating Expenses (154) (598) (172) (188) (682) 9% 22%

EBITDA 167 1,078 243 205 914 -16% 23%

Depreciation & Stumpage (103) (411) (101) (116) (425) 15% 12%

Change in Net Value of Biological Assets 14 39 8 9 37 7% -38%

Operating Income 78 706 150 98 526 -35% 26%

Financial Costs (42) (163) (45) (43) (175) -6% 2%

Other Non Operational Items (6) (137) (102) (20) (148) -81% 207%

Net Income 30 406 4 36 202 923% 21%

EBITDA Margin 15% 22% 20% 17% 19% -3% 2%

Total Assets 13,348 13,371 13,792 14,046 14,046 2% 5%

Total Liabilities 5,485 5,483 5,780 6,061 6,061 5% 10%

Shareholders' Equity 7,854 7,888 8,008 7,980 7,980 0% 2%

4Q12

26

88%74% 74%

84% 91%

12%26% 26%

16% 9%

2008 2009 2010 2011 2012

Fixed Rate Floating Rate

CMPC’S DEBT PROFILE AS OF DECEMBER 2012

Last financial transactions:

• MUS$600 syndicated loan (October 2011):

5 year MUS$400 credit @ Libor + 65 bps

3 year MUS$200 committed line @ Libor + 70 bps

• MUS$500 yankee bond (April 2012):

10 year bullet @ UST10 + 265 bps

• MUS$80 bank loan to Tissue Mexico (Sept. 2012)

3.5 year bullet @ Libor + 107.5 bps

Debt breakdown by interest rate (%)

Amortization schedule

Source: CMPC

Source: CMPC

Debt Profile

• Average term: 6.3 years

Source: CMPC as of December 2012.

Banks

29%

Bonds

71%

CLP

16%

US$

78%

Other

6%

263

116

261

- -

496 495 492 509

100

48

311

336

11

2013 2014 2015 2016 2017 2018 2019 2022 Thereafter

Bonds Banks

27

CMPC HAS ONE OF THE HIGHEST CREDIT RATINGS IN THE INDUSTRY

GLOBALLY

Source: Public information for the LTM as of December 2012.

28

Plywood

MAIN FINANCIAL METRICS

Debt evolution (US$ million) Financial debt / equity

EBITDA / interest expenses

Source: CMPC

Source: CMPC

Source: CMPC

Source: CMPC

Net debt / EBITDA

13492130 2185 2452

3004229

761 650822

741

2008 2009 2010 2011 2012

Net Debt Cash

1.7x

3.3x

1.9x

2.3x

3.2x

2008 2009 2010 2011 2012

0.33x

0.42x0.37x

0.43x0.48x

2008 2009 2010 2011 2012

10.1x

6.3x

8.6x

6.9x

5.5x

2008 2009 2010 2011 2012

29

4.5

1.5

2.3

0.9

2.8

1.5

3.3

1.8

3.3

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0 Acquisition of 50% of Pacífico

and Santa Fe ISanta Fe II

investment period

Acquisition of

Guaíba I

DEMONSTRATED CAPACITY TO MANAGE LEVERAGE

2.9

Net Debt / EBITDA

5. COMMITTED TO SUSTAINABLE

DEVELOPMENT

31

CORPORATE SOCIAL RESPONSIBILITY AND SUSTAINABILITY

Sustainability policyCMPC’s

CSR

Our four priority work areas are:

• Development of renewable forest plantations

• Substitution of fuels with biomass

• Certification of our forestry management

• Clean productive processes and increase in paper recycling

CMPC is committed to social responsibility and building long-term value for all stakeholders.

Relationship with

suppliersEmployee Relations

Community

Relations

ISO Certifications:

9001, 14001,

18001

32

CORPORATE GOVERNANCE

Board of Directors

• Elections are held every three years.

• Scheduled meetings held once a month.

Name Elected By Years as director

Eliodoro Matte (Chairman) Controller Group 32

Martín Costabal Controller Group 7

Erwin Hahn AFP 2

Jorge Gabriel Larraín Controller Group 33

Arturo Mackenna Controller Group 2

Jorge Marín Independent 17

Bernardo Matte Controller Group 28

Directors Committee

• Represent minority shareholders.

• Current members: Erwin Hahn, Arturo Mackenna and

Jorge Marín.

• Is responsible for,

• examining the reports prepared by the account

inspectors and external auditors

• proposing external auditors and rating agencies

• examining the background information

concerning related party transactions

• examining officers’ compensation systems and

plans, among others matters.

Senior Management

• Appointed by the board of directors.

• The controlling family members can not exercise as

CMPC’s managers

• Top managers with over 23 years experience in CMPC

33

1. Leading diversified Latin

American P&P player

2. Continually investing to reduce

costs

3. Growing footprint while

expanding product range

4. Demonstrated capacity to

deleverage

5. Committed to sustainable

development

TAKEAWAYS

CONTACT INVESTOR RELATIONSTrinidad Valdés

mtvaldes@gerencia.cmpc.cl

+(562) 2 441 2713

Colomba Henríquez

chenriquezb@gerencia.cmpc.cl

+(562) 2 441 2791