Corporate Presentation

1st quarter 2012

www.duratex.com.br/ri

2

OPERATING HIGHLIGHTS

Evolution of shipped volumes compared to 1Q11:

. + 16,3% in Wood Division

. + 5,0% in Deca Division

Net revenue totaled R$737,8 million in the quarter, +11,8% y-o-y

EBITDA +14,4% compared to 1Q11, reached R$208,8 million, mostly supported by: . better price base in Deca Division

. higher level of shipped volumes, in both divisions

. lower cost base: dilution of the fixed cost

Net Income: +12,2% y-o-y, totaled R$86,2 million in the quarter, and +8,6% q-o-q

Estimated Capex: R$ 650 million in 2012:

. MDP - Taquari

. MDF - Itapetininga

. Sanitary Ware - Queimados

. Metal Fittings - Jundiaí

3

BUILDING MATERIALS INDUSTRY

Índice ABRAMAT MERCADO INTERNO

Realizado e Projetado para 2012

1Q12

ABRAMAT INDEX – INTERNAL MARKET

Achieved and Projected for 2012

Forecast

Source: Associação Brasileira da Indústria de Materiais de Construção

ABRAMAT INDEX: Monthly indicator of sales performance of the Building Materials Industry;

performance in relation to the same period of the previous year

4

5.737

6.259

6.780 6.729

6.024

1Q11 2Q11 3Q11 4Q11 1Q12

-10,5%

•Favorable market conditions for construction sector

•Reduction of shipped volumes resulting from the adjustment of price base at the end of 2011

SHIPMENT (in ’000 items)

FINANCIAL HIGHLIGHTS

+5,0%

5

WOOD PANEL CONSUMPTION IN BRAZIL

ANNUAL CAPACITY (in ´000 m³)* NOMINAL EFFECTIVE * AVAILABLE*

MDF 4.800 4.080 3.660

MDP 4.470 3.800 3.420

Total 9.270 7.880 7.080 *Duratex estimate:

Effective annual capacity of the industry based on the lines already installed and minor investments still required

Available: Without minor investments mentioned above

1.413 1.861 2.037 2.263 2.352

2.962 3.065

660 778 738

2005 2006 2007 2008 2009 2010 2011 1Q11 4Q11 1Q12

MDF MARKET– MEDIUM DENSITY FIBERBOARD (in ’000 m³)

+3,5%

-5,1%

CAGR: 13,8% (3,3 x GDP)

+11,8%

MDP MARKET– MEDIUM DENSITY PARTICLEBOARD (in ’000 m³)

2.102 2.186 2.548 2.633 2.431

2.885 2.985

684 734 792

2005 2006 2007 2008 2009 2010 2011 1Q11 4Q11 1Q12

+3,5%

CAGR: 6,0% (1,5 x GDP)

+7,9%

+15,8%

Source: ABIPA

6

SHIPMENT (in ’000 m³)

Highlights:

• Improvement of the number of installments in the furniture retail

•More recently (measures benefiting furniture segment)

.Tax substitution: 1% on revenues instead of 20% INSS on payroll

.Tax reduction: 5% IPI tax reduced to 0%. Equalizing the furniture competitiveness to “white line”

. R$ 2 bn special credit line by Caixa Econômica, with interest between 1% and 2% per month and terms

up to 48 months to finance furniture and “white line” goods

519,3

582,1 611,7

555,7

604,1

1Q11 2Q11 3Q11 4Q11 1Q12

+8,7%

INDUSTRY (MDF, MDP, HARDBOARD) - ABIPA (in ’000 m³)

1.439,9 1.663,0 1.743,0

1.623,8 1.654,9

1Q11 2Q11 3Q11 4Q11 1Q12

+1,9%

FINANCIAL HIGHLIGHTS

+16,3% +14,9%

659,9

751,2 789,8 769,5

737,7

1Q11 2Q11 3Q11 4Q11 1Q12

7

CONSOLIDATED NET REVENUE

NET REVENUE (R$ million) and GROSS MARGIN(%)

GEOGRAPHICAL DISTRIBUTION OF SALES 1Q12 (%)

Deca: 37% Wood: 63%

-4,1%

WOOD 413,7 480,7 502,1 479,5 467,6

DECA 246,2 270,5 287,7 290,0 270,1

GROSS MARGIN % 34,1% 33,8% 35,0% 33,3% 34,5%

NET REVENUE BY PRODUCT 1Q12 (%)

Domestic Market

96%

Foreign Market

4%

1Q11 2Q11 3Q11 4Q11 1Q12

MDP

23%

MDF/ LAMINATED FLOORING

32%

HARDBOARD

8%

METAL FITTINGS

18%

SANITARY WARE

19%

+11,8%

3.520,5 3.562,3

3.638,0 3.692,8

3.781,8

1Q11 2Q11 3Q11 4Q11 1Q12

ROE (%) 8,8% 10,3% 11,4% 8,7% 9,2%

8

RECURRENT EBITDA (R$ million) and RECURRENT EBITDA MARGIN (%)

RECURRENT NET INCOME (R$ million)

182,5

211,8 216,3

188,8

208,8

1Q11 2Q11 3Q11 4Q11 1Q12

WOOD 110,2 145,8 147,3 126,9 136,9

DECA 72,3 66,0 69,0 61,9 71,9

EBITDA MARGIN% 22,7% 28,2% 27,4% 24,5% 28,3%

76,9 91,1

102,3

79,4 86,2

1Q11 2Q11 3Q11 4Q11 1Q12

+8,6%

EQUITY (R$ million) and RECURRENT ROE (%)

1Q11 2Q11 3Q11 4Q11 1Q12

FINANCIAL HIGHLIGHTS

+14,4% +10,6%

+12,1% +7,4% +2,4%

ELECTRICITY

9% DEPRECIATION AND

AMORTIZATION

10% FUEL

2%

LABOR

12%

WOOD*

20%

RESIN

16%

RAW MATERIALS AND OTHER

INPUTS

31%

96%

91%

76%

Hardboard

MDP

MDF

110,2 145,8 147,3

126,9 136,9

1Q11 2Q11 3Q11 4Q11 1Q12

413,7 480,7 502,1 479,5 467,6

1Q11 2Q11 3Q11 4Q11 1Q12

9

HIGHLIGHTS BY DIVISION

ANNUAL CAPACITY (in ´000 m³) NOMINAL EFFECTIVE * AVAILABLE**

MDF 1.800 1.530 1.400

MDP 1.900 1.620 1.350

Hardboard 210 195 195

Total 3.910 3.345 2.945

NET REVENUE (R$ million) and GROSS MARGIN (%)

RECURRENT EBITDA (R$ million) and EBITDA MARGIN (%)

-2,5%

30,4% 31,3% 32,8% 31,8% 31,5%

+7,9%

26,6% 30,3% 29,3% 26,5% 29,3%

COST STRUCTURE 1Q12

* Includes depletion incident in the wood cost

INSTALLED CAPACITY & OCCUPANCY RATE 1Q 12 (by available)

Effective annual capacity of Duratex based on the lines already installed and

minor investments needed; **Without minor investments mentioned

+13,0% +24,2%

96%

97%

Metal Fittings

Sanitary Ware

10

INSTALLED CAPACITY & OCCUPANCY RATE 1Q12

CAPACIDADE ANUAL (em ́peças) NOMINAL

SANITARY WARE 9.800

METAL FITTINGS 17.000

Total 26.800

NET REVENUE (R$ million) and GROSS MARGIN (%)

RECURRENT EBITDA (R$ million) and EBITDA MARGIN (%)

246,2

270,5

287,7 290,0

270,1

1Q11 2Q11 3Q11 4Q11 1Q12

40,3% 38,2% 38,9% 35,9% 39,8%

72,3

66,0 69,0

61,9

71,9

1Q11 2Q11 3Q11 4Q11 1Q12

29,4% 24,4% 24,0% 21,3% 26,6%

COST STRUCTURE 1Q12

DEPRECIATION AND

AMORTIZATION

7% ELECTRICITY

4% FUEL

5%

LABOR

40% METALS

14%

RAW MATERIALS AND OTHER

INPUTS

30%

HIGHLIGHTS BY DIVISION

+9,7% -0,6% -6,9% +16,2%

766,6

479,8 521,4 461,2

187,9

312,4

Cash 2012 2013 2014 2015 2016 and

after

11

INDEBTEDNESS

CASH POSITION AND DEBT AMORTIZATION SCHEDULE (R$ million)

R$´000 1Q12 4Q11 Var. 1Q11 Var.

Short Term - Debt 593.469 687.902 (94.433) 513.686 79.783

Long Term - Debt 1.369.237 1.227.588 141.649 1.168.154 201.083

Total Financial Debt 1.962.706 1.915.490 47.216 1.681.840 280.866

Cash 766.604 726.159 40.445 501.746 264.858

Net Debt 1.196.102 1.189.331 6.771 1.180.094 16.008

Net Debt/ Equity ( %) 31,6% 32,2% - 33,5% -

Net Debt/ EBITDA (last 12 months)

1,38

1,42

-

1,33

-

Domestic Currency

95,1%

Foreign Currency

4,9%*

ORIGIN OF DEBT

*Hedge for R$

14.400 15.600 15.800 15.800 17.000 18.200

3.800 6.200 7.200 7.200 9.800 12.200

2007 2008 2009 2010 2011 2012

Metais Louças

891,2

427,0 459,6 635,8

112,6

537,4

2008 2009 2010 2011 2012

NOMINAL CAPACITY (in ’000 items)

EFFECTIVE CAPACITY (in ’000 m³)

553 850 1.530 1.530 1.530 2.050 2.730 1.275 1.620

1.620 1.620 1.620 1.620 1.620

334 195

195 195 195 195 195

2007 2008 2009 2010 2011 2013 2015

MDF MDP Chapa

12

CONSOLIDATED CAPEX (R$ MILLION)

2.162 2.665 3.345 3.345 3.345 3.865 4.545

18.200 21.800 23.000 23.000 26.800 30.400

+15,5%

+13,4%

+17,6%

650,0 e

1Q12

HARDBOARD

METAL

FITTINGS

SANITARY

WARE

13

ONGOING INVESTMENTS

WOOD DIVISION:

. SANITARY WARE – QUEIMADOS

+2,4 million items/year

. MDF – ITAPETININGA 520 thousand m³ effective capacity

. METAL FITTINGS – JUNDIAÍ + 1,2 million items/year

DECA DIVISION:

. MDP – TAQUARI

Achievement of 670 thousand m³ effective capacity

14

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, 2012

DISCLAIMER

Investor Relations investidores@duratex.com.br www.duratex.com.br/ri

Evolução da Produtividade em Novas Florestas Eucalipto

- São Paulo -

2030

40 44 4452514845

0102030405060

Anos

60

Anos

80

2000 2005 2006 2007 2008 2009 2010

Ano base

IMA

(m

³/h

a.an

o)

16

LOCALIZATION OF PLANTS

+160%

Forest

Plants 1 NEW MDF PLANT

Place: Itapetininga

Effective capacity:

520K m³/year

Distribution Center

PLANTS SÃO PAULO:

Itapetininga: MDP and new MDF plant (start-up 2013)

Agudos: 2 MDF lines, Fooring and Resin Plant (DRI)

Botucatu: Hardboard and MDF

MINAS GERAIS: Uberaba: MDF and MDP

RIO GRANDE DO SUL: Taquari: MDP

230 ha of land:

o SP – 62%

o MG – 34%

o RS – 4%

139 of planted forest

Evolution of Duratex forest productivity

Year base

17

Place: Queimados

Reactivation and capacity

expansion:

+2,4M items/year

Place: Jundiaí

Metal Fittings Expansion

Capacity:

Up to 17 K items/year

Place:

Cabo de Santo

Agostinho

New Kiln and

sanitary ware

expansion

LOCALIZATION OF PLANTS

PLANTS SÃO PAULO:

- Metal Fittings: São Paulo and Jundiaí - Sanitary Ware: 2 plants in Jundiaí RIO DE JANEIRO:

- Sanitary Ware: Queimados RIO GRANDE DO SUL:

- Sanitary Ware: São Leopoldo PERNAMBUCO:

- Sanitary Ware: Cabo de Santo Agostinho PARAÍBA:

- Sanitary Ware: João Pessoa ARGENTINA

- Metal Fittings: Deca Piazza in Buenos Aires

18

R$´000

1Q12

4Q11

%

1Q11

%

Operating Profit Before Financial Result 135.814 131.218 3,5 123.177 10,3

Depreciation/ Amortization/ Depletion 71.613 79.400 (9,8) 63.969 11,9

Change in Fair Value of Biological Assets (32.923) (53.519) (38,5) (35.602) (7,5)

Depletion Portion of Biological Assets 34.585 32.518 6,4 33.275 3,9

Employee Benefits (257) (836) (69,2) (2.299) (88,8)

EBITDA 208.832 188.781 10,6 182.520 14,4

EBITDA Margin 28,3% 24,5% - 27,7% -

RECONCILIATION OF CONSOLIDATED EBITDA