INSTITUTIONAL PRESENTATION

4Q16

KLBN11

KLBN11 / KLBAY

DISCLAIMER

The statements contained in this presentation related to the business outlook, operating and financial projections, and growth prospects of Klabin S.A. are merely projections, and as such are based exclusively on the expectations of the Company's management concerning the future of the business.

These forward-looking statements depend substantially on the market conditions, the performance of the Brazilian economy, the industry and international markets, and therefore are subject to change without prior notice.

This presentation on Klabin's performance includes non-accounting and accounting data, such as operating and financial information, as well as projections based on Management's expectations. Note that the non-accounting data has not been reviewed by the Company's independent auditors.

The Company's management believes EBITDA may provide useful information on the Company's operating performance and allow for comparisons with other companies in the same industry. Note however that EBITDA is not a measure established in accordance with generally accepted accounting principles of the International Financial Reporting Standards - IFRS, and may be defined and calculated differently by other companies.

2

INTEGRATED BUSINESS MODEL DIVERSIFIED AND FLEXIBLE

TOTAL LAND

489k hectares

FIBERS

3.5 million tpy PUMA PULP

1.1mi tpy

short fiber

0.4mi tpy

long fiber & fluff pulp

PAPER

PLANTED FORESTS

230k hectares

PINE EUCALYPTUS

INTEGRATED

2.0 million tpy

COATED BOARDS 750k

CONVERSION

140k

90k

PULP

tpy

920 thousand tpy

hectares

hectares

1.8mi tpy

CONTAINERBOARDS

1.25mi tpy

CORRUGATED BOXES

750k tpy

INDUSTRIAL

BAGS

170k tpy

* Installed capacity

RECYCLED FIBERS

265 THOUSAND TPY

STRUCTURAL COMPETIVENESS HIGH PRODUCTIVITY ON FIBERS Forestry Pine

46

38

Eucalyptus m³/ha/year

58

PLANTED AREA

230 TSD HECTARES

OF HIGH YIELD FOREST

22 22

10 7 44

44

25 20

b

a

c

d

e

f

g

b

a

c

d

e

f

g

12 10 64

Mean Annual Increment (MAI) - KLABIN Pine Eucalyptus

m3/ha/year

LOW AVERAGE HAULING DISTANCE

PR with PUMA 66 Km SC 74 Km

50

40 35

31

30

24

20

42 42 44

39

4647

70

60

50

40

30 26

20

5052

41

35

65

5861

* Source: Ibá and Klabin

E

E

Klabin SA published this content on 15 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 February 2017 20:20:11 UTC.

Original documenthttp://klabin.infoinvest.com.br//enu/3347/KLABIN Intitutional Presentation 4Q16_vano.pdf

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