Teleconference

of Acquisition

CECRISA

May/2019

Strategic Context

2

Cultural Transformation

▪ New Way of Being and Doing▪ Assiduous Search for Simplicity;▪ High Performance Culture.

“Solutions for Better Living”

▪ A new purpose;▪ Consumer oriented solutions;▪ Clearly defined strategies.

Duratex Management System

▪ Productivity; Cost Efficiency.▪ Demand Management; Prices and services level.▪ Working Capital Control and Investments

Year founded: 1970

Net income 2018: R$652m

EBITDA 2018: R$112m

Website: www.ceramicacecrisa.com.br/

Ceramics Portfolio:

▪ Porcelain & Ceramic Floor tiles;▪ Wall tiles;▪ Roof tiles.

Acquisition Summary

442 264 275

Debt Cash Contingent Price

Borges de Freitas Family

23%77%

Shareholder Structure Net Revenue EBITDA

Transaction

Santa Luzia

1 plant

Cemisa 1.8m m³

Criciúma

2 plants

Portinari 13.8m m³

Eldorado 4.8m m³

A

B

667564 559

652

15A 16A 17A 18A

+17%

102

65

99112

16%12%

18% 18%

-1

1

3

5

7

9

11

13

15

17

19

0

200

15A 16A 17A 18A

EBITDA (R$ million) Mg. EBITDA (%)

+15%

Why CECRISA?

✓ Premium positioning of the

PORTINARI brand;

✓ Strategic positioning of the product

and attractive returns;

✓ Portfolio complements CEUSA;

✓ Strategic location: close to the CEUSA unit in SC;

CECRISA focuses on high-end products and more profitable channels, expanding the offering to cover SOLUTIONS FOR ALL ENVIRONMENTS.

Sector - Ceramic Tiles

Fragmented Market

PlayerCapacity

(million m²)

Capacity

Share

A 48 4.6%

B 39 3.7%

C 38 3.6%

Duratex 31 3.0%

E 30 2.9%

Market 1051 100%2018

793

Portfolio of Tiles (million m²)

o The demand for plain tiles was negatively impacted by the fall in civil construction;

o Potential demand in the order of 900 million m² per year –opportunity for g r owth;

o Expected recovery in the sector with an uptick in civil construction.

o Average production in the sector last year was60-70 million m²/month;

o Capacity utilization for the sector was100%;o Production stable in 2018 vs 2017.

Capacity Utilization Potential Future Growth

3%

17%

20%

60% FLOOR

WALL

PORCELAIN

FACADES

Source: ANFACER; internal estimates.

Accelerates delivery of the Duratex Proposition;

Accelerates initiatives for offering complete solutions (one stop shop);

Product line fits alongside the existing Duratex portfolio;

Rationale for Transaction and Opportunities

75

Solutions for Better Living

Same consumer profile as the Ceusa products; Trade and operational synergies between CEUSA and PORTINARI;Complementary ceramic product portfolios – more complete and wide-ranging portfolio;Synergies with distribution channels: Home centers, retail, construction companies and others;Administrative structure;

Synergies with CEUSA

Durafloor: laminated floors and LVT;Duratex: Ceramic tiles for walls and linings;CEUSA+PORTINARI: porcelain and ceramic tiles for the floor, walls and roof;

Ceramic Tile Portfolio

Expected Synergies above R$250 million.

The information contained herein was prepared by Duratex SA and does notconstitute an offer material for the subscription or purchase of securities of theCompany. This material contains general information about Duratex and markets inwhich it is inserted. No representation or warranty, express or implied, is made, andno trust shall be deposited, in the accuracy, justification or completeness of theinformation presented.

Duratex can not give any certainty as to the fulfillment of the presentedexpectations.

May 2019

Disclaimer and Glossary

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