2007 year end results2007 year end results2007 year end results2007 year end resultswww.duratex.com.br

19.Feb.2008

1

� Metal Fittings

� Vitreous China

� Accessories

DECA DIVISIONDECA DIVISION

> BUSINNES SEGMENTS

2

Leadership within the Metals segment having a Leadership within the Metals segment having a

prominent position in Vitreous China.prominent position in Vitreous China.

Possesses the broader product line attending the Possesses the broader product line attending the

different market segments.different market segments.

� Hardboard

� MDP

� MDF/HDF/SDF

� Laminate Flooring

WOOD DIVISION WOOD DIVISION

> BUSINNES SEGMENTS

3

Leadership within the Brazilian Leadership within the Brazilian

panel making industry having the panel making industry having the

most diversified product line.most diversified product line.

� MDF biggest line: 800.000 m3 capacity:

���� growth over existing capacity: +125%;

� New Low Pressure (BP) Coating Line : 8.500.000 m2 / year:

���� growth over existing capacity: +35%;

� Lands: 20.000 hectares in the region.

Wood Division: R$630 million (Agudos / SP)

> CAPEX

Agudos/SP

4

Deca Division: R$200 million (São Paulo and Jundiaí / SP)

� Metal Fittings: + 400.000 items / month,

���� growth over existing capacity : +33%

� Vitreous China: + 140.000 items / month,

���� growth over existing capacity: + 44%;

Corporative: ERP system worth R$12,7 million

� Software: SAP e Hardware: IBM Risk,

� Implementation consultancy: CPM Braxis.

Metal Fittings and Vitreous China Jundiaí/SP

> CAPEX

MDF : MDF : StartStart--up by the end of 1HY09 up by the end of 1HY09

5

BP: BP: StartStart--up by the beginning of 2HY2008up by the beginning of 2HY2008

> CAPEX

6

Nominal industrial capacity and utilization rate:

98%

84%MDP

Hardboard

500.000 m500.000 m500.000 m500.000 m3333/year/year/year/year500.000 m500.000 m500.000 m500.000 m3333/year/year/year/year

360.000 m360.000 m360.000 m360.000 m3333/year/year/year/year360.000 m360.000 m360.000 m360.000 m3333/year/year/year/year

20072007

> PERFORMANCE

7

86%

96%

96%Vitreous China

Metal Fittings

MDF/HDF/SDF

3.800 K 3.800 K 3.800 K 3.800 K

items/yearitems/yearitems/yearitems/year

3.800 K 3.800 K 3.800 K 3.800 K

items/yearitems/yearitems/yearitems/year

14.400 K 14.400 K 14.400 K 14.400 K

items/yearitems/yearitems/yearitems/year

14.400 K 14.400 K 14.400 K 14.400 K

items/yearitems/yearitems/yearitems/year

640.000 m640.000 m640.000 m640.000 m3333/year/year/year/year640.000 m640.000 m640.000 m640.000 m3333/year/year/year/year

*

*

* 2008 ���� Metal Fittings = 15.600 K items / year and Vitreous China = 4.000 K items / year

> LEVERAGE

Total Debt 671

Cash and Cash Equivalents 663

Shareholder's Equity 1.536

Net Debt / Shareholder's EquityPL 0,5%

Net Debt / EBITDA 0,02

in R$ M dec-07

670,7

37%

63%

STLT

8

246,2

147,9

148,2

128,4

522,6

148,1

Total Debt 2008 2009 2010 2011 and

beyond

Foreign Currency

Domestic Currencyl

670,7 Debt and AmortizationDebt and AmortizationDebt and AmortizationDebt and AmortizationSchedule Schedule Schedule Schedule (R$M)(R$M)(R$M)(R$M)

� Shipped Volumes: + 11% y/y;

� Net Revenues: + 17% y/y, to R$ 566,0 million;

> HIGHLIGHTS 2007

9

� Gross Margin: from 38%, in 2006, to 41%;

� EBITDA: + 43% to R$ 148,1 M. EBITDA Margin from 21% to 26%;

� “Contemporânea” Line awarded with the iF Design Awards 2007.

Wood

> HIGHLIGHTS 2007

� Shipped volumes : + 7%;

� Net Revenues: R$1.104,5 million, up by 10% y/y;

� Gross Margin: from 46% to 47%;

10

� EBITDA: + 16% to R$ 410,0 million and EBITDA margin up from 35% to 37%;

� Awarded the best wood products company by Fundação Getúlio Vargas'

Instituto Brasileiro de Economia (IBRE) “Prêmio de Excelência Empresarial”.

46%

Revenues breakdown:

> PERFORMANCE

MDF/HDF MDF/HDF MDF/HDF MDF/HDF SDFSDFSDFSDF27%27%27%27%

Metal Metal Metal Metal FittingsFittingsFittingsFittings

Laminate Laminate Laminate Laminate FlooringFlooringFlooringFlooring

6%6%6%6%Housing(direct)

11

18%

36%

Ind. De Móveis

OthersVitreous Vitreous Vitreous Vitreous

ChinaChinaChinaChina12%12%12%12%

27%27%27%27%

Particle Particle Particle Particle BoardBoardBoardBoard14%14%14%14%

HardboardHardboardHardboardHardboard19%19%19%19%

FittingsFittingsFittingsFittings22%22%22%22%

R$1,7 billion

Housing(indirect)

Segments Attended

79,979,979,979,9 85,485,485,485,4 125,6125,6125,6125,6 144,1144,1144,1144,126,2% 25,9%

30,6% 31,3%

EBITDA EBITDA EBITDA EBITDA (R$ million) & Margin & Margin & Margin & Margin (%)

304,9304,9304,9304,9 330,3330,3330,3330,3410,7410,7410,7410,7

459,8459,8459,8459,840,1% 39,7%

44,9% 43,3%

> 4th QUARTERS PERFORMANCE

Net Rev.Net Rev.Net Rev.Net Rev.(R$ million) & Gross Margin& Gross Margin& Gross Margin& Gross Margin (%)

12

1.535,8

990,4 1.050,9

1.395,8

13%14%

20% 22%

2004 2005 2006 2007

77,477,477,477,465,265,265,265,2

31,331,331,331,332,532,532,532,5

2004 2005 2006 2007

Equity Equity Equity Equity (R$ million) & ROE & ROE & ROE & ROE (%)

2004 2005 2006 20072004 2005 2006 2007

Net Income Net Income Net Income Net Income (R$ million)

458,1558,1

320,6 362,6

27,0% 28,5% 30,8%33,4%

Net Rev.Net Rev.Net Rev.Net Rev.(R$ million) &&&& Gross MarginGross MarginGross MarginGross Margin (%) Ebitda Ebitda Ebitda Ebitda (R$ million) & Margin & Margin & Margin & Margin (%)

1.489,2

1.670,6

1.188,21.270,6

45,0%43,2%

41,5%39,1%

> YEARLY PERFORMANCE

13

125,3 137,1

226,0

318,9

2004 2005 2006 2007

2004 2005 2006 2007

990,4 1.050,8

1.395,71.535,8

13% 14%

22%

18%

2004 2005 2006 2007

Net Income Net Income Net Income Net Income (R$ million) Equity Equity Equity Equity (R$ million) & ROE & ROE & ROE & ROE (%)2004 2005 2006 2007

WOOD

AnnualAnnualAnnualAnnual4444thththth QuartersQuartersQuartersQuarters

EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA (in R$ million)(in R$ million) & Margin & Margin & Margin & Margin & Margin & Margin & Margin & Margin (in %)(in %)

> PERFORMANCE

14

67,767,767,767,759,059,059,059,099,199,199,199,1 101,0101,0101,0101,0

29,0% 30,3%

36,2%34,2%

2004 2005 2006 2007

410,0410,0410,0410,0

256,0256,0256,0256,0 267,1267,1267,1267,1354,4354,4354,4354,4

31,7% 31,1%35,3% 37,1%

2004 2005 2006 2007

EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA (in R$ million)(in R$ million) & Margin & Margin & Margin & Margin & Margin & Margin & Margin & Margin (in %)(in %)

AnnualAnnualAnnualAnnual4444th th th th QuartersQuartersQuartersQuarters

> PERFORMANCE

15

43,1

26,5

17,714,9

14,7%

19,4%

26,2%

16,6%

2004 2005 2006 2007

95,595,595,595,5103,7103,7103,7103,7

148,1148,1148,1148,1

60,860,860,860,8

26,2%21,4%

16,0%23,3%

2004 2005 2006 2007

154,6

Accrual DividendsAccrual Dividends

(R$ million)(R$ million)

Pay-out :

Extraordinary Dividend

40,0% 46,5% 33,8% 34,0% 48,5%

�PERFORMANCE

16

15,3

50,0

76,9

46,3

25,742,8

104,6

2003 2004 2005 2006 2007

Accrual dividend / Interest on Capital

58,1

Others

> CAPITAL MARKETS

Shareholding Structure:Shareholding Structure:

� Total outstanding shares: 129,7M

• PN: 76,1M,

• ON: 53,6M.

� Shareholder structure (as of Jan / 2008):

17

Itaúsa

8%

Foreign Inv.

44%Pension

Funds

10%

Others

38%

PN

Others

27%

Foreign Inv.

26%

Itaúsa

41%

Pension

Funds

6%ON + PN

25,00

30,00

35,00

40,00

45,00

50,00

55,00

60,00

65,00

20.000

25.000

30.000

35.000

40.000

45.000

Stock Performance:Stock Performance:

Mid price (in R$)

Traded Volume(15 day moving average in R$M)

> CAPITAL MARKETS

18

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� Member of and indexes.

Stock appreciation during the period : +157%Dec 31th 2005 to Feb15th 2007

� Stock liquidity: PN daily average trading volume (in R$ million):

> CAPITAL MARKETS

27,230,8

19

0,4 1,1 1,5 1,3

8,2

2002 2003 2004 2005 2006 2007 2008*

* 2008 average up to February 15

� Number of shareholders (ON + PN):

11.025

> CAPITAL MARKETS

20

2.255 2.082 2.139

3.9494.469 4.590

6.676

dez/03 dez/04 dez/05 dez/06 1º TRI 07 2º TRI 07 3º TRI 07 dez/071Q07 2Q07Dec-03 Dec-04 Dec-05 Dec-06 Dec-073Q07

3.172. Termination of Benefficiary Parts . Extraordinary dividend

. Adhesion to Bovespa Level 1

. Stock inplit 200 / 1

. Primary and secondary Stock issuing R$ 609 M

. Stock dividend 1x1

. Inclusion of Duratex stock on Ibovespa and IBrX50 indexes

. Extraordinary dividend worth R$50M

(in US$M)

> CAPITAL MARKETS

21

173 339550 748

1.990

2002 2003 2004 2005 2006 2007

. 80% Tag-Along rights

. 30% minimum pay-out dividend policy

Market Cap (US$M)+764% during the period

1

Sell side brokerage Analyst Phone E-mailBrascan Corretora Beatriz Battelli (55-21) 3231-3146 bbattelli@bancobrascan.com.br

Credit Suisse Marcelo Telles (52-55) 3841-6338 marcelo.telles@credit-suisse.comDeutsche Bank Josh Milberg (55-11) 2113-5971 josh.milberg@db.com

Fator Banco Eduardo Pirani Puzziello (55-11) 3049-9478 epuzziello@fatorcorretora.com.br

Itaú Corretora de Valores Renata Faber (55-11) 5029-4542 renata.faber@itau.com.br

Link Corretora Andres Kikuchi (55-11) 4504-7290 andres@linkcorretora.com.br

Merrill Lynch Marcos Assumpção (55-11) 2188-4226 marcos_assumpcao@ml.com

Santander Banespa Marcello Milman (55-11) 3012-7530 mmilman@santanderbanespa.com.br

Socopa Corretora de Valores Daniel Dol (55-11) 3299-2166 daniel@socopa.com.br

UBS Pactual Edmo Chagas (55-21) 2555-3025 edmo.chagas@ubs.com

Unibanco Andre Luiz Rocha (55-11) 3584-4330 andreluiz.rocha@unibanco.com.br

Sell side coverage on Duratex stock:

> CAPITAL MARKETS

22

2007 year end results2007 year end results2007 year end results2007 year end resultswww.duratex.com.br

19.Feb.2008

23