2009 Results

February 26th, 2010

Highlights 2009 Slide 2

Cost of Goods Sold reduction of 4%; The net debt/EBITDA ratio fell to 3.4x at year-end 2009, from 5.1x at the end of 2008; The cash position increased by R$ 349 million, ending the year at R$ 2.1 billion; Operating cash generation (or EBITDA) after non-recurring adjustments was R$ 747 million in 2009, with EBITDA margin of 25%. Excluding these adjustments, EBITDA was R$ 734 million, for EBITDA margin of 25%; Adherence to the Federal Tax Debt Restructuring Program (REFIS); Net income in 2009 before the non-recurring effect of R$ 299 million from the participation in the REFIS Program came to R$ 632 million ; As of December, Klabin had paid dividends of R$ 123 million. Management will submit a proposal for the payment of supplementary dividends amounting to R$ 57 million to the approval on the Annual Shareholders Meeting, raising the 2009 dividend total to R$ 180 million.

Sales Volume * Slide 3

Sales Volume *
(thousand tonnes)

4Q09

3Q09

Var. %

2009

2008

Var. %

Total Domestic Market Exports

435

402

8%

1,544 1,579

-2%

288

262

10%

989

956

3%

147

140

5%

555

623

-11%

* Excluding wood volumes

Net Revenue Slide 4

Net Revenue * (R$ Million)

4Q09

3Q09

Var. %

2009

2008

Var. %

Total Domestic Market Exports

805

750

7%

2,960 3,097

-4%

632

594

6%

2,248 2,244

0%

173

156

11%

713

852

-16%

* Including wood sales 4

Kraftliner Price ( / tonne) Slide 5

500

450

400

350

300 Nov-09 Jan-09 Mar-09 May-09 Aug-09 Sep-09 Dec-09 Feb-09 Apr-09 Jun-09 Jan-10 Feb-10 Jul-09 Oct-09

Source: FOEX Kraftliner brown 175g/m

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Costs per good sold Slide 6

Unit COGS (R$/tonne)

-2%

1,448

1,415

2008

2009

EBITDA Slide 7
R$ Million EBITDA before non recurring effects Non recurring effects EBITDA after non recurring effects 4Q09 188 31 219 2009 734 13 747

25% 24% 729 747

2008 EBITDA (R$ million)

2009 EBITDA margin

7

Net Income and REFIS Slide 8

R$ Million Net income before REFIS Effect of adherence to REFIS Net income after REFIS 2009 632 -299 333

Net Income (Loss) R$ Million

333 183

-185 -314 -349

2009 2008

4Q09

3Q09

4Q08

Net Debt Slide 9

-31%

-8%
3,748 2,804 2,569

Dec'08

Sep'09

Dec'09

Net debt (R$ million)

Short term and long term strategies Slide 10

To increase sales volume; To develop new products for the domestic and international markets; To increase planted area To attract key clients in the international market; To increase operating cash flow; To extend financing terms, thereby improving the debt profile; To reduce the net debt/EBITDA ratio; To improve our Global Scale Rating.

Long term strategies:

Construction of a global-scale pulp plant with a capacity of between 1.3 and 1.5 million tonnes per year; Installation of a new coated board machine with a capacity of between 400,000 and 500,000 tonnes per year, expanding total paper and paper packaging production to 2.6 million tonnes per year.
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Investor Relations: Tel: +55 (11) 3046-8404 / 8415 / 8416 www.klabin.com.br invest@klabin.com.br 11