Paseo de la Reforma 725 Col. Lomas de Chapultepec, Miguel Hidalgo, CP , Distrito Federal, México.

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2 Highlights 3 Independent Proteak Valuation 3 Capital Increase 4 FINSA Participation 4 MDF Development 5 Forestry Development 6 Results and Key Indicators 7 Balance Sheet Analysis 10 Cash Flow Analysis 12 Environmental and Social Development 12 Stock Development 13 Proteak Informs 14 Financial Statements 15 2

3 Highlights 2Q15 Proteak s capital increase concluded with a 100% subscription and payment of the 25 million issued OPCs (Ordinary Participation Certificates or CPOs in Spanish) at a Price of MXP per OPC. Through its participation in the capital increase, Financiera Maderera, S.A. (FINSA) acquired 5.2% of the Company. 414 Capital increased the target Price for Proteak s OPCs placing it in a range between MXP 28.0 and MXP Signum Research began formal coverage of Proteak, with a target price estimate of MXP per OPC at year-end Construction of the MDF plant in Huimanguillo, Tabasco continues according to schedule. Independent Valuation of Proteak 414 Capital updated its independent valuation of Proteak, placing the value of the Company s OPCs between MXP 28.0 and MXP 31.3 as of May The valuation takes into account both Teak plantations and their inherent long-term investment horizon, as well as the incremental value of the new MDF business line. The valuation report is currently published on Proteak s website: Signum Research, an independent financial and market analyst, began formal coverage of Proteak with a BUY recommendation. Signum places the 2016 year-end target price for the Company s OPCs at MXP The Signum Research Report is available on their website: 3

4 Capital Increase The extraordinary Shareholders Meeting celebrated on March 20 th declared a capital increase through the emission of 25,000,000 Ordinary Participation Certificates (OPCs) at a Price of MXP 15 per OPC. OPCs were offered for subscription to existing Proteak shareholders on April 21 st at a rate of 1 (one) new OPC for every 9.73 OPCs held. The period for shareholders to exercise their preferential subscription rights ended on May 6 th and unsubscribed OPCs were offered to the third parties previously designated in the Assembly. The the subscription and payment process was concluded on May 13, in line with Article 132 of the General Corporations Law and Proteak s Bylaws. FINSA Incorporation Through its participation in the capital increase of Proteak, FINSA acquired a 5.2% share of the Company. FINSA is the largest producer and wholesaler of boards, resins, melamines and veneers, among other products, in the Iberian Peninsula. With more than 80 years of experience, it has 12 factories across Europe, 2,750 employees and annual sales of USD 1,000 million. Desde abril se encuentra ya en Huimanguillo supervisando la puesta en marcha de la planta el Director de Planeación del Proyecto de MDF, proveniente de FINSA. The participation of the Spanish Company brings invaluable technical and commercial knowledge to the MDF Project, confirming its solidity. The MDF Project Planning Director comes from FINSA and is on-site since April, supervising the plant startup process. 4

5 MDF Development The development of the country s most important industrial forestry project continues according to schedule. During the quarter, foundations and platforms including those for the electrical sub-station, were completed. The assembly of machinery, including the 30m long press, started, as well as the construction of offices and the resin plant. The installation of the first turbine for energy cogeneration was also initiated. Progress was made in the interconnection duct to the Pemex pipeline system that will supply the gas turbine, Regarding marketing, Proteak continued strengthening its sales platform, prioritizing the growth of its customer base for FINSA products. This strategy allows the Company to gain knowledge of the market and be prepared for the sale of its own products when the MDF plant starts production at year-end. 5

6 Forestry Development The planting program, which includes 2,000 hectares of new Eucalyptus plantations, moves forward in line with local precipitation. In May, Proteak received the first disbursement of the credit line authorized by Financiera Nacional de Desarrollo Agropecuario, Rural, Forestal y Pesquero (FND) for new Eucalyptus plantations that will supply the MDF plant. During the quarter, the first 486 hectares were prepared for planting. In the case of Teak, the first 113 hectares were prepared for planting once the rainy season begins. As of quarter-end, 864 hectares of Eucalyptus and 1,381 hectares of Teak have received maintenance. 6

7 Results and Key Indicators Sales I. Income Statement Analysis SUMMARY OF RESULTS AND KEY INDICATORS In '000 MXP 2Q'15 2Q'14 T vs T YTD 2015 YTD 2014 YoY Teak Sales 28,126 41,723 (33% ) 48,878 73,217 (33% ) Eucalyptus Sales 9,778 7,014 39% 18,610 20,251 (8% ) Income from Revaluations 45,556 21, % 90,994 42, % Other Income 1,745 1,058 65% 3,936 (1,452) N/C Teak Sales Cost 22,939 38,842 (41% ) 40,796 64,772 (37% ) Eucalyptus Sales Cost 7,833 5,908 33% 16,370 18,656 (12% ) Gross Margin 52,688 25, % 102,370 53,253 92% Teak Gross Margin Without Revaluation 5,187 2,881 80% 8,082 8,445 (4% ) Eucalyptus Gross Margin Without Revaluation 1,945 1,107 76% 2,240 1,595 40% Operating Income 29,883 12, % 55,050 18, % Debt 1,072, , % 1,072, , % Total Liabilities / Total Assets % % Debt / Equity % % Debt / Total Assets % % Debt / Current Assets % % N/C Not Comparable (1) Other Net Income considers subsidies, asset sales and other expenses. Quarterly results were positive, with profits in all business lines of the Company. 2Q15 sales amounted to MXP 38MM, 28% higher than those registered during 1Q15 and 22% below 2Q14. This variation responds to the Company s Teak sale strategy, privileging price over volume. Furthermore, results were favored by an increase in exports to China and the sale of a more efficient mix of wood sizes, driven mainly by thick wood sold in India. In the case of Eucalyptus, after honoring all sales contracts of FOMEX, Proteak decided to modify its sales strategy and keep, from now on, all the wood in order to supply the MDF plant. 7

8 Net Quarterly Sales totaled MXP 84MM, growing 20% over the same quarter last year, mainly driven by an increase in income from wood revaluation. The latter totaled MXP 46MM and was determined by projecting the reasonable value of plantations based on their historical growth, according to international accounting standards. Net Sales include the sale of goods, revaluations resulting from the change in fair value of Biological Assets and Subsidies received Proteak prices continued to strengthen in Asia. 80% of the volume was sold at a price 23% above target. Furthermore, prices were 5% higher than those obtained in

9 During 2Q15, the Company delivered 127 Teak containers to Asia, all from Proteak s plantations in Colombia. Sales Costs, General Expenses and Net Income Gross Profit for the quarter reached MXP 53MM, 109% above the 2Q14 figure, reflecting a combination of the following factors: higher sale prices, a more efficient product mix and a higher revaluation of biological assets. General Expenses totaled MXP 25MM, in line with the Company Budget; they are 81% higher than the ones registered during 2Q14, mainly driven by expenses related to the MDF Project. The increase in Net Sales, combined with an significant improvement in margins, the provision for revaluation of Biological Assets and a strict control of General Expenses, resulted in an Operating Income of MXP 30MM, 138% higher than the one registered the same quarter last year and 19% above 1Q15. Net Income for the quarter reached MXP 24MM. 9

10 II. Balance Sheet Analysis Assets As of June 2015, total assets of the Company amounted to MXP 4,354MM, 41% higher than yearend 2014, mainly driven by investment in the MDF plant, the capital increase that took place in May (MXP 375MM), and the exchange rate effect on Teak Assets. Among Current Assets, Other Assets stand out, with the reclassification of MXP 114MM in deferred payments of the MDF plant. Real Estate reflects a value increase of 12% compared to year-end 2014, the key factor being the construction of the main industrial structure of the MDF plant. Machinery and Industrial Equipment recorded a value increase of MXP 352MM driven by the integration of equipment for the MDF plant, which is already being installed. Biological Assets (Current and non-current) reflect an increase of 11% compared to December 2014 mainly due to the growth of Biological Assets corresponding to the first semester of The value of Proteak s plantations is mainly modified by four factors: (i) capitalized forestry expenses, (ii) exchange rate, (iii) revaluations representing the growth of biological assets, and (iv) outflows from the wood s cost of sales. So far this year, the following has been registered: (i) MXP 66MM in capitalized forestry expenses, destined for the maintenance of existing plantations to improve their expected return by promoting higher growth rates; (ii) MXP 16MM from revaluation of the USD; (iii) MXP 91MM in revaluation derived from the previously discussed growth; and (iv) MXP 28MM, which represent the wood s cost of sales. During the quarter, harvested wood amounted to 16 Mm3 (thinning and harvest). Long-Term Assets Kept for Sale is mainly non-strategic land that will be sold in the medium term. These assets are located in Costa Rica and were worth MXP 93MM as of quarter-end. 10

11 Liabilities and Equity Accounts Payable increased MXP 71MM reflecting deferred payments to MDF plant suppliers. Deferred Tax Liabilities show the provisions that were generated by the annual calculation of 2014 Taxes. Other Liabilities with Cost recorded an increase of MXP 740MM, mainly due to both, the disbursements of the credit with AKA-Commerzbank for the acquisition of machinery for the MDF plant, as well as the first disbursement of the credit line with FND in May 2015 and the last disbursement of the IFC loan. During the quarter, Proteak made the first amortizations of principal and interests (MXP 4MM) of the two credits signed with Financiera Rural 5 years ago. Total Equity of the Company at the end of the semester reached MXP 2,888MM, MXP 450MM above year-end 2014, reflecting the capital increase that took place in May. Proteak s solvency continues strong with and Equity to Liabilities ratio of 2 to 1. 11

12 III. Cash Flow Analysis During the quarter, the Company Cash Flow position recorded a net growth of MXP 283MM, mainly due to the capital increase and the first disbursement of the FND credit line; in addition, Proteak financed its investment activities and new plantations. Investments reflect the use of MXP 519MM, net of the sale of certain Assets Available for Sale, destined mainly to the acquisition of Equipment, Advanced Payments to suppliers and Civil Works costs related to the MDF plant. The difference between Operating Flows and Investment Activities was mainly financed with capital contributions from institutional investors (MXP 371MM), coupled with disbursements of credits with AKA/Commerzbank (USD 40MM), FND (MXP 89MM) and IFC (USD 1MM). The period s cash flow evolved in line with the Company s investment plan, ending in a cash position of MXP 405MM. Environmental and Social Development The annual FSC R Forest Management audit for Teak plantations in Costa Rica concluded succesfully as well as the Chain of Custody audit in Colombia. Furthermore, in compliance with the investment agreement celebrated with FINNFUND, the Company completed its Annual Monitoring Report, empahising health, security and pollutant controls. Moreover, AENOR was selected to carry out the verification of carbon capture that will determine the amount of credits that Proteak will be able to issue for sale in the voluntary market. Regarding Social Development, Proteak continues strenghtening its relations with surrounding communities. The company carried out a diagnostic of the schools in Huimanguillo in order to develop a support program for infrastructure and teaching materials. During the quarter, the elementary school Jose María Pino Suárez (50 children) was supported with teaching materials and infrastructure repairs. Finally, over 130 students from 4 Universities of the region were received at the Las Choapas nursery. 12

13 Stock Development During the quarter, the market continue recognizing the fundamental value of Proteak and the Price of its OPC reached a maximum Price of MXP 18.20, vs. MXP during 2Q14. 13

14 Proteak Informs Independent Analyst As part of the independent analyst program, follow-up of Proteak s OPC is performed by: Ernesto Gustavo O Farrill Santoscoy eofarrills@bursametrica.com Tel: (55) Bahía de Todos los Santos #26 Col. Verónica Anzures Delegación Miguel Hidalgo C.P , México, D.F. Investor Relations Agency Alejandro Ramírez Arcia alejandro.ramirez@irconsulting.mx Tel: +52 (55)

15 Financial Statements The following table presents a summarized quarterly Income Statement in MXP 000, and a comparison with the same period of Regarding Gross Profit, Operating Profit and Net Income, the table shows the percentage of net sales plus revaluation income they represent. Income Statement 2Q15 % Jun'15 % 2Q14 % Jun'14 % Δ 2Q'15 vs 2Q'14 Δ Jun'15 vs Jun'14 Teak Sales 28,126 34% 48,878 31% 41,723 60% 73,217 54% (33% ) (33% ) Eucalyptus Sales 9,778 12% 18,610 12% 7,014 10% 20,251 15% 39% (8% ) Income from Revaluations 45,556 55% 90,994 57% 21,023 30% 42,723 31% 117% 113% Subsidies - 0% 1,053 1% 151 0% 490 0% (100% ) 115% Teak Cost of Sales 22,939 27% 40,796 26% 38,842 56% 64,772 47% (41% ) (37% ) Eucalyptus Cost of Sales 7,833 9% 16,370 10% 5,908 8% 18,656 14% 33% (12% ) GROSS PROFIT (LOSS) 52,688 63% 102,370 64% 25,161 36% 53,253 39% 109% 92% General Expenses 24,550 29% 50,203 31% 13,537 19% 33,023 24% 81% 52% Other Income/Expenses 1,745 2% 2,883 2% 907 1% (1,942) (1% ) 92% 248% OPERATING PROFIT (LOSS) 29,883 36% 55,050 35% 12,532 18% 18,288 13% 138% 201% Products / Financial Expenses 9,378 11% 660 0% 3,189 5% 4,564 3% 194% (86% ) Other Financial Expenses (5,037) (6% ) (9,825) (6% ) (2,027) (3% ) 0 0% N/A N/A Conversion Effect (18,842) (23% ) (2,347) (1% ) % 0 0% N/A N/A Financing Results 14,501 17% 11,512 7% (1,173) (2%) (4,564) (3%) 1336% 352% (Loss) Profit Before Income Taxes 44,384 53% 66,562 42% 11,359 16% 13,724 10% 291% 385% Income Taxes 19,968 24% 19,968 13% 25 0% 25 0% N/A N/A Net Income 24,415 29% 46,594 29% 11,334 16% 13,699 10% 115% 240% Conversion Effect - 0% - 0% - 0% - 0% N/A N/A Comprehensive Income 24,415 29% 46,594 29% 11,334 16% 13,699 10% 115% 240% 15

16 The following table presents the consolidated Balance Sheet as of the second quarter of 2015 in MXP 000, and its comparison with 2Q14. Jun'15 Dec'14 (1) Δ Jun'15 vs Dec'14 % Cash & Equivalents 405, , , % Accounts Receivable (Clients) 70,728 65,120 5,608 9% Other Accounts Receivable 127, ,797 (1,598) (1%) Inventory 50,987 35,661 15,326 43% Current Biological Assets (Mature) 221, ,000 (45,998) (17%) Assets Available for Sale 92,777 88,942 3, % Other Assets 12, ,541 (113,590) (90%) CURRENT ASSETS 980, , ,926 18% Property 1,064, , ,064 12% Plant and Equipment 551, , , % Other Equipment 18,115-18,115 N/A Non-Current Biological Assets 1,232,912 1,041, ,028 18% ISR 19,449 19, % Other 42,964 27,200 15,764 58% Deferred Payment 443,942 16, , % NON-CURRENT ASSETS 3,373,051 2,259, ,455 49% ASSETS 4,353,914 3,093,469 1,143,381 41% Accounts Payable 110,842 39,868 70, % Payable taxes - 5,798 (5,798) (100%) Other Current Liabilities 58,967 54,344 4,623 9% Current Credit 108,025 6, , % CURRENT LIABILITIES 277, ,903 69, % Long Term Debt 964, , , % Deferred Taces 223, ,757 (111) (0%) LONG TERM LIABILITIES 1,187, , , % LIABILITIES 1,465, , , % Capital Stock 2,356,398 1,984, ,476 19% Accumulated Earnings (Loses) 73,447 26,873 46, % Conversion Effect 229, ,858 8,989 4% Revaluation Surplus 101, , % Other Integral Results 127, ,111 23,289 22% TOTAL EQUITY 2,888,387 2,438, ,328 18% TOTAL LIABILITIES + EQUITY 4,353,914 3,093,469 1,159,313 41% (1) Dictaminated Financial Statements 2014 Balance Sheet 16

17 June 28 th, 2015, Mexico City. Today, Proteak Uno, S.A.B. de C.V. (BMV: TEAK) published its 2Q15 results. This information is presented according to Financial Reporting Standards (NIF) in nominal terms. 17