Consolidated Highlights

	3Q13	3Q14	3Q15	3Q16	3Q17	3Q18	3Q19	3Q20
Net sales revenues	1,027,694	1,057,291	1,041,653	967,090	1,019,521	1,512,525	1,308,357	1,778,026
Change in Fair Value of Biological Assets	73,753	64,608	26,575	38,403	40,027	49,083	12,129	15,751
Cost of Goods Sold	-568,063	-646,585	-634,127	-605,192	-628,298	-836,479	-830,288	-1,069,059
Depreciation / Amortization / exhaustion	-81,263	-103,040	-99,334	-102,906	-104,069	-173,919	-111,621	-121,936
Exhaustion of biological assets	-57,039	-43,113	-34,408	-28,219	-30,372	-123,839	-29,058	-25,486
Gross Profit	395,082	329,161	300,359	269,176	296,809	427,371	349,519	577,296
Selling Expenses	-116,933	-142,128	-153,869	-150,441	-165,861	-193,802	-184,497	-212,051
General and Administrative Expenses	-31,387	-35,149	-40,339	-33,739	-36,257	-48,676	-56,169	-56,394
Management Compensation	-3,985	-4,306	-3,366	-3,476	-3,881	-4,152	-4,211	-4,327
Other Operating Compensation	4,470	1,109	-8,743	32,495	59,809	412,434	-11,549	-33,940
Equity income from subsidiaries	130	-	0	0	0	0	0	-43,339
Operating Profit before Financial Income and Equity	247,377	148,687	94,042	114,015	150,619	593,175	93,093	227,245
Financial Income	23,409	38,309	69,957	49,897	49,163	47,097	41,096	26,474
Financial Expenses	-53,821	-82,398	-126,746	-122,537	-79,073	-74,579	-97,828	-59,415
Income Before Income Tax and Social Contribution	216,965	104,598	37,253	41,375	120,709	565,693	36,361	194,304
Income and social contribution taxes - current	-27,291	-10,304	-6,618	-10,922	-25,617	-211,627	-21,288	-69,090
Income Tax and Social Contribution - Deferred	-23,533	-10,766	-123	-598	-11,948	22,282	12,642	-1,275
Effect profit from discontinued operation	4,059	null	null	null	0	0	0	0
Net Income	170,200	83,528	30,512	29,855	83,144	376,348	27,715	123,939
Recurring Net Income	166,141	83,528	38,771	9,404	52,242	61,566	30,472	175,719
Recurring EBITDA	310,438	237,331	226,779	185,908	204,872	209,566	237,913	433,787
EBITDA Margin	30.2 %	22.4 %	21.8 %	19.2 %	20.1 %	16.4 %	18.2 %	24.4 %

* Because of the date of the merger between Duratex and Satipel, 31.08.09, include data only from the "old" Duratex

**from 1Q 12 the data does not include discontinued operation, Deca Piazza