EMPRESAS CMPCTHIRD QUARTER 2013 RESULTS

November 7th, 2013

FORWARD-LOOKING STATEMENTS

This presentation may contain forward-looking statements. Such statements are subject to risks and uncertainties that could cause

CMPC’s actual results to differ materially from those set forth in the forward-looking statements. These risks include:

market, financial and operational risks. All of them are described in CMPC’s Financial Statements, Note 3 (“Gestión de Riesgos”).

In compliance with the applicable rules, Empresas CMPC S.A. publishes its financial results on its web site (www.cmpc.cl) and

sends to the Superintendencia de Valores y Seguros the Financial Statements of the Company and its corresponding notes, which

are available for consultation and review on its website (www.svs.cl).

241 239

258

3Q12 2Q13 3Q13

HIGHLIGHTS OF 3Q13

3

Total EBITDA reached US$258 million, 8% and 7% higher than 2Q13 and

3Q12, respectively.

+8%

+7%

+6bps +4bps

+1bps

New plywood line in Chile

(+260,000 m3/year)

Industry recognitions

FSCTM seal for plywood

and saw mill products

Higher EBITDA margins in most

business areas

FINANCIAL HIGHLIGHTS

4

Revenue growth: a 2% YoY increase.

EBITDA of US$258 million, up 8% when compared

to 2Q13 and up 7% to 3Q12.

Improved margins

EBITDA margin of 21%, compared with

19% in 2Q13, and 20% in 3Q12.

Net Income of US$43 million, compared to US$31

million in 2Q13 and US$1 million in 3Q12.

In U S$ Mi l l l ion 3Q12 2Q13 3Q13 QoQ YoY

Revenues 1,209 1,291 1,231 -5% 2%

COGS (795) (871) (795) -9% 0%

Other Operational Expenses (173) (181) (177) -2% 3%

EBITDA 241 239 258 8% 7%

EBITDA Margin % 20% 19% 21% 2% 1%

Operational Result 148 133 148 11% 0%

Non Operational Result (147) (102) (104) 2% -29%

Net Income 1 31 43 42% 3372%

Volumes 3Q12 2Q13 3Q13 QoQ YoY

Forestry + Solid Wood Prod. (1)

906 927 1,001 8% 11%

Market Pulp(2)

520 552 526 -5% 1%

Papers(2)

205 179 183 2% -11%

Tissue Papers(2)

137 143 146 2% 7%

Paper Products(2)

59 78 62 -20% 5%

(1) Th. m3

(2) Th. tons

CMPC Pulp

OPERATIONAL ACHIEVEMENTS

5

New double width

tissue paper

machine in Chile

running at 77%

rate *.

CMPC Tissue:

Start up of new

plywood line

+260,000 m3

Start up: 3Q13

CMPC Forestry:

New cogeneration

plant for the

Talagante mill

20 MW + 25 tons

steam /hour

Start up: 2Q15

CMPC Tissue - Energy:

Project on schedule

and on budget.

More than 1,500

workers on site

* As of September 2013.

173 181 177

2Q12 1Q13 3Q13

Other Op. Exp. (US$ Million)

795871

795

2Q12 1Q13 3Q13

COGS (US$ Million)

COSTS AND OTHER OPERATIONAL EXPENSES ANALYSIS

6

-9%

+0%

COGS in 3Q13 were 65% of total revenues, compared with

67% in 2Q13 and 66% in 3Q12.

COGS decreased 9% and were stable 3Q13 when compared

to 2Q13 and 3Q12, respectively.

One-off costs in Forestry, Pulp and Tissue division in

2Q13

Decrease in revenues compared to 2Q12

-2%+3%

Other operating expenses in 3Q13 were 14% of total

revenues, stable from 2Q13 and 3Q12.

Other Operational Expenses decreased 2% and increased 3%

in 3Q13 when compared to 2Q13 and 3Q12, respectively.

Decrease in revenues compared to 2Q12

Increase in revenues compared to 3Q12

Higher distribution costs compared to 3Q12

FORESTRY

7

Revenues:

∆+3% QoQ / ∆+7% YoY

Volumes:

∆+8% QoQ:

- ∆+19% QoQ of plywood: back to normal operations

- ∆+13% QoQ of pulp wood: higher sales for exports

- ∆+11% QoQ of sawing logs: higher sales in the Argentinean Market

- ∆-5% QoQ of sawn wood: seasonality of domestic market, redirection of shipments

- ∆-2% QoQ of remanufactured wood: lower sales to the US and Japan due to high

inventories

Prices:

∆-5% QoQ

EBITDA:

∆+48% QoQ

- Higher sales

- Lower direct costs

- Higher margins in all products

* Figures in US$ million

Volumes (Th. m3) 3Q12 2Q13 3Q13

Pulpwood 143 198 224

Sawing Logs 316 347 386

Sawn wood 206 210 199

Remanufactured wood 45 50 49

Plywood 56 44 52

Others 140 79 92

Total 906 927 1,001

129 134 138

3Q12 2Q13 3Q13

Sales*

42

28

42

3Q12 2Q13 3Q13

EBITDA*

PULP

8

Revenues:

∆-10% QoQ / ∆+7% YoY

Volumes:

∆-5% QoQ

- BSKP stable QoQ

- BEKP ∆-7% QoQ; decline in volumes exported to Venezuela to be recovered on 4Q.

Prices (including a small tonnage of P&W papers and energy sold to the SIC grid):

∆-15% QoQ

Net average effective export price: CIF 668 US$/ton for BSKP and CIF 643 US$/ton for BEKP

EBITDA:

∆+7% QoQ

- Lower direct costs

- US$8 million from the Energy division* Figures in US$ million

Volumes (t h. Tons) 3Q12 2Q13 3Q13

BSKP 154 171 171

BEKP 366 381 356

Other 12 12 12

Total Market Pulp 532 564 538

351

416

374

3Q12 2Q13 3Q13

Sales*

95

122 130

3Q12 2Q13 3Q13

EBITDA*

PAPERS

9

Revenues:

Stable QoQ / ∆-10% YoY

Volumes:

∆+2% QoQ:

- ∆+6% QoQ of boxboard: back to normal operations after low 1H13.

- ∆-3% QoQ of corrugated papers: scheduled maintenance in the Puente Alto Mill.

- ∆+1% QoQ of newsprint

Prices:

∆-2% QoQ, due to decreases in boxboard prices

EBITDA:

∆-2% QoQ

- Lower sales

- Lower pulp costs

- Lower electricity costs

* Figures in US$ million

Volumes ( th. Tons) 3Q12 2Q13 3Q13

Boxboard 99 93 98

Newsprint 34 15 15

Corrugated Paper 36 32 31

Other Papers 35 39 38

Total 205 179 183

188 169 170

3Q12 2Q13 3Q13

Sales*

40 35 34

3Q12 2Q13 3Q13

EBITDA *

TISSUE

10

Revenues:

∆-1% QoQ / ∆+2% YoY

Volumes:

Tissue Paper ∆+2% QoQ; growth in foreign subsidiaries

Sanitary Products ∆+1% QoQ mainly due to the expansion of the diapers business through

Latin America.

Prices (measured in US$)

∆-3% QoQ for tissue paper and ∆+3% QoQ for sanitary products, both affected by the US

Dollar appreciation

EBITDA:

∆+9% QoQ

- Higher volumes

- Lower energy and recycled paper costs* Figures in US$ million

23%

22%

19%

13%

13%

4%3% 3%

Sales Volumes by Country

ChileBrazilArgentinaMexicoPeruUruguayColombiaEcuador

146

th. Tons

460 470 467

3Q12 2Q13 3Q13

Sales*

63 53 58

3Q12 2Q13 3Q13

EBITDA*

PAPER PRODUCTS

11

Revenues:

∆-19% QoQ / stable YoY

Volumes:

∆-20% QoQ: / ∆+5% YoY

- ∆-26% QoQ of corrugated boxes due to seasonality

- ∆-2% QoQ of paper bags volumes

- ∆-39% QoQ of molded pulp trays volumes due to seasonality

- YoY increment driven by a 20% in paper bags and molded pulp trays business

Prices:

∆-6% QoQ / ∆-10% YoY

EBITDA:

∆-65% QoQ / ∆-54% YoY

- Lower sales

- Lower prices

- Higher costs of raw materials for corrugated boxes

* Figures in US$ million

Volumes (t h. Tons) 3Q12 2Q13 3Q13

Corrugated Boxes 36 49 36

Paper Bags 20 22 22

Molded Pulp Trays 3 7 4

Total 59 78 62

82 101

82

3Q12 2Q13 3Q13

Sales*

6

8

3

3Q12 2Q13 3Q13

EBITDA*

DEBT ANALYSIS

12

Cash of US$993 million in 3Q13, down 17% and up 9% from 2Q13 and 3Q12, respectively

88%

11%1%

Debt by Issuer

Inversiones CMPC Tissue Other

70%

25%

5%

Debt by Currency

US$ CLP Other

91%

9%

Debt by Interest Rate

Fixed Rate Floating Rate

22%

78%

Debt by Type

Banks Bonds

Conclusion of the Capital Increase

7.353.164 shares auctioned at CLP$1,600

148.249.784 shares sold through preferential rights period at CLP$1,480.

Total Capital Increase = CLP$ 230,175 million.

Financial Ratios

Net Debt/EBITDA ratio of 3.0x, stable from 2.9x in 2Q13 and 3.0x in 2Q12.

Financial Debt/Net Tangible Worth ratio of 0.46x, stable from 0.46x in 2Q13 and 0.45x in 3Q12

Interest Coverage ratio of 5.5x, from 5.4x in 2Q13 and 5.3x in 3Q12.

MARKET PULP COMMENT

13

Market pulp demand grew 5% in 3Q13 compared to 3Q12.

Global demand for pulp rose 3.4% in the first nine months of

2013 compared with the first nine months of 2012 (+1.34

million tons), with a strong third quarter.

– Chinese demand grew 7.4% (+790,000 tons) end

of a period of economic deceleration

– North American demand grew 6.4% (+340,000 tons)

growing tissue paper production, new machines

use BEKP

Tighter supply for softwood due to limited supply; upward

trend in prices.

Unbalanced market for hardwood in the first part of the year.

Better perspectives for 4Q due to a slow recovery in Europe

and delays in commissioning of new mills.

Global pulp inventories at the end of the third quarter stood

at 34 days, stable from the end of the second quarter.

Market Pulp demand (9M13 vs. 9M12)

Source: PPPC

Source: PPPC

Pulp inventory days

33 3234 34 34

3Q12 4Q12 1Q13 2Q13 3Q13

3.4%

6.4%

0%

3.3%

2.6%

4.2%

7.4%

World North

America

Western

Europe

Eastern

Europe

Latin

America

Japan China

CONCLUDING REMARKS

14

Solid quarter of growth in terms of

EBITDA and EBITDA margins.

Strong performance in the Forestry

and Pulp divisions.

New plywood capacity and advance in

the learning curve of new tissue

machine to be factors in 2014

Guaíba pulp project continues on

budget and on schedule

Focus on core values of

quality, efficiency and sustainability

Q&A