1Q09 Results

May 6, 2009

30 years in the Brazilian Stock Exchange

Sales Volume * Slide 2 Thousand tonnes

-9%
393 356
43% 42%

-8%
386
42%

356
42% 58%

57%

58%

58%

Domestic Market

Foreign Market

* Excluding wood volumes

Net Revenue Slide 3 R$ million

-3%
740 28% 31% 722 806

-10%

722 35% 31%

72%

69%

65%

69%

1Q08

1Q09 Domestic Market Foreign Market

COGS Slide 4 R$ million

-1%
558 525 521

-7%
521

1Q08

1Q09

4Q08

1Q09

EBITDA Slide 5 R$ million

EBITDA and EBITDA Margin
30% 28% 28% 30%
26% 20%

242
18% 141

25%

210

199

201
16% 108

191

180 155

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

EBITDA

EBITDA Margin (%)

Financial Result and Net Income Slide 6 - R$ million

R$ Million Financial Expenses Financial Revenues Net exchange variation Financial Result 1Q09 -99 47 13 -38 1Q08 -88 58 20 -10 4Q08 -149 7 -477 -619

Net Income (Loss) R$ million

69 29

With the exchange rate stable in the quarter, Klabin reversed the losses posted in 4Q08
-314
1Q09 1Q08 4Q08

Indebtedness Slide 7 R$ million

Current cash position covers 29 months of debt maturities

-1% 21%
4,446 5,373 5,451 5,373

Investments Slide 8 R$ million

Investments and allocation in 1Q09
1,674
Corrugated Boxes Industrial Bags Others 19%

587 300 83
Paper Mills 32%

Forestry 49%

2007

2008

1Q09

2009*

* Forecast

Closing Remarks Slide 9

Focus on cash generation and preservation; Reduction in indebtedness (net debt/EBITDA); Implementation of measures to cut fixed and variable costs; Expectation of a new growth cycle starting in 2015.

Investor Relations: Tel: +55 (11) 3046-8404 / 8415 / 8416 www.klabin.com.br invest@klabin.com.br 10