Fibria s Team. Portocel Patricia Lascosque, Superintendent Director Mauricio Talarico, Manager

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2 Fibria s Team Executive Officers Marcelo Castelli, CEO Guilherme Cavalcanti, CFO Henri Philippe, Comercial & International Logistics Aires Galhardo, Forestry Operations Portocel Patricia Lascosque, Superintendent Director Mauricio Talarico, Manager Technology Center Fernando Bertolucci, General Manager Robert Sartório, Manager Strategy and M&A Vinicius Nonino, Strategy and M&A General Manager Industrial Operations João Florêncio, General Manager Technical Assistant Paulo Silveira, Aracruz Unit General Manager Marcelo de Oliveira, Pulp Production Manager Forestry Operations Zoe Donati, General Manager Rodrigo Zagonel, Harvesting Manager Sebastião Andrade, Siviculture and Nursery Manager Fernando Geraldi, Forestry Management and Performance Corporate Communication Mara Pinheiro Tiago Nogueira Noronha Pedro Torres Pinto Investor Relations André Gonçalves Fernanda Naveiro Roberto Costa Isabela Cerbasi Robélia Silva

3 FINANCE GUILHERME CAVALCANTI - CFO

4 Main Achievements Liquidity Events in 2012: R$ 2.2bn (Equity Offering + BPM + Losango) Cash cost reduction and capex control Working Capital Improvements EBITDA margin improvement and Free Cash Flow Generation 2020 Notes Tender Offer of US$ 514mn annual saving of R$80mn Covenants renegotiation to 4.5x in US$ and without waiver fee Hedging Strategy Rating outlook revised by S&P from BB Stable to BB Positive (Jul/12) 1st Fibria Investor Tour Aracruz Unit (Oct/12) 2nd Fibria Day NYSE New York (Nov/12)

5 FORESTRY AIRES GALHARDO - FORESTRY DIRECTOR

6 Fibria has operations reaching many cities and countless communities 2

7 Four operational sites with different locations, but similar challenges 3

8 Forestry planning is a long-term process in which the environment has a significant impact on the biological asset 4

9 In the short term, tactical solutions are designed using the best production planning and control tools 5

10 In the short term, tactical solutions are designed using the best production planning and control tools 6

11 In the short term, tactical solutions are designed using the best production planning and control tools 7

12 In the short term, tactical solutions are designed using the best production planning and control tools 8

13 The CAPEX for a planted forest has not a linear format but peaks in the first year 9

14 OPEX 10

15 CAPEX and OPEX are influenced mainly by labor and service costs 11

16 State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation ) 12

17 State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation ) 13

18 State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation ) 14

19 State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation ) 15

20 Curve of capture: expected savings due to projects included in Forest of the Future 16

21 Forest development at Fibria 17

22 Land use model: The mosaic system 18

23 Selection for: Adaptability and disease tolerance 19

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26 Added value 22

27 Forest Genetics Classical Breeding 23

28 Biotechnology: Genetic Transformation of Elite Clones 24

29 Forest Management: Plant Nutrition 25

30 A new added value projected 26

31 JOÃO FLORÊNCIO DA COSTA - GENERAL MANAGER INDUSTRIAL - TECHNICAL ASSISTANT

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33 Flexibility with Multiple Facilities 31

34 Clean and Low CO 2 Emission Energy Matrix 32

35 Increasing Production by Efficiency Improvement 33

36 Cost Reduction by Efficiency Improvement 34

37 Impact of Efficiency on Production and Cost 35

38 Process and Product Development 36

39 Product Development: Holistic Approach 37

40 Cash Cost Structure 38

41 CAPEX Structure 39

42 Investment Decision Matrix 40

43 Efficiency Project - Aracruz Revit A 41

44 Efficiency Project - Jacarei Energy Master Plan 42

45 Strategy for Gaining Scale 43

46 PATRICIA DUTRA LASCOSQUE SUPERINTENDENT DIRECTOR

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48 Location 47

49 Location 48

50 History 49

51 Historical Annual Average 50

52 2011 Performance 51

53 Woodpulp Destination

54 STX 53

55 STX 54

56 Loading of Woodpulp 55

57 Woodpulp barge operation 56

58 Unloading operation of woodpulp 57

59 Unloading operation of woodpulp 58

60 Logs discharge 59

61 Logs discharge 60

62 Salt discharge 61

63 New Industrial and Port Projects 62

64 Current Scenario 63

65 Current Scenario 64

66 Portocel I Expansion (berth 104) 65

67 Investments 66

68 Expansion Project: Portocel II 67

69 Expansion Project: Portocel II 68

70 Expansion Project: Portocel II 69

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