Company Overview

Presentation prepared for Bolsa de Santiago - MILA’s Conference

Fernando Hasenberg – CFOO

Santiago, Chile

June 2012

Agenda

Overview 3

2

9 Business

Divisions 20 Social

Responsibility

&Sustainability 22

Financial

Review 28 Concluding

Remarks

3

CMPC is an important player in the P&P industry

Shareholders’ Structure*

CMPC is a company that participates through

all the P&P business chain; producing pulp,

paper, tissue, packaging and other forest

products in Latin America.

Figures for the LTM as of March 2012 (MUS$):

• Sales: 4,732

• EBITDA: 986

• Net Income: 467

• Assets 13,521

• Net Debt: 2,494

Market capitalization of US$8.2 billion as of May

31st, 2012, among he highest of the P&P

industry.

One of the highest Credit Ratings of the industry

by S&P and Fitch Ratings (BBB+).

Controlled by the Matte Family, one of Chile’s

leading economic groups.

*As of May 31st, 2012. Source: Bloomberg

* As of March 31st, 2012. Source: CMPC

Matte Group55.3%

Local & Foreign

Investors33.4%

Chilean Pension

Funds11.4%

12.8

10.1

8.2

5.6

4.6

3.6

1.4

IP SCA CMPC KCM Stora Enso

Fibria Suzano

P&P companies by market cap (BUS$)*

4

1990 - 1995 •1990: Beginning of the eucalyptus plantation program in Chile

•1991: Acquisition of Química Estrella San Luis in Argentina, becoming CMPC s first foreign investment

•1993: JV Prosan with Procter & Gamble

•1994: Acquisition of IPUSA in Uruguay

1995 - 2000 •1996: Acquisition of La Papelera del Plata

•1997: Acquisition of 100% of Santa Fe and Pacífico mills

•1998: Maule boxboard mill starts up its operations

•1998: Sale of Prosan to Procter & Gamble

2000 – 2006 •2003: Acquisition of Monteáguila, with plantations of eucalyptus

•2006: Acquisition of Forestal Copihue

•2006: Santa Fe II mill starts up its operations

•2006: Acquisition of ABSORMEX in Mexico

2006 – Today •2007: Acquisition of Drypers Andina in Colombia

•2007: Plywood mill starts up its operations

•2009: Acquisition of Melhoramentos in Brazil

•2009: Acquisition of Guaíba for US$1.4 billions

•2009: Start up of Forsac Mexico

CMPC has expanded significantly in the region over the last two decades

Business

Forestry and Pulp

Papers and Tissue

5

Nowadays, CMPC is…

2° largest producer

of sawn wood in

Latin America

2° largest producer

of remanufactured

wood in Latin

America

5° largest producer

of market pulp

globally

2° largest

producer of

tissue paper in

Latin America and

8° globally

2° largest producer

of boxboard in

Latin America

2° largest producer

of paper bags in

Latin America and

7° globally

2° largest market

cap of the P&P

industry in Latin

America and 4°

globally

Only producer in

the world of BSKP

in Chile and BEKP

in Chile and Brazil

Source: CMPC

6

Plywood

A balanced growth in all business segments provides CMPC a diversified

revenue mix

10%

30%

16%

35%

9%

Source: CMPC. Figures in US$ million for the LTM as of March 2012 / Figures do not include Holding and Intercompany Sales and EBITDA

1.1 MM tons/y

500,000 tons/y

Main Figures % of third parties

total sales

% of consolidated

EBITDA

Total capacity &

Employees

Fo

res

try

Pu

lp

Pap

er

Tis

su

e

Pap

er

Pro

du

cts

Sales: 788 Sales 3rd parties: 486 EBITDA: 149 EBITDA margin: 19%

1,038 Th. has 680 Th. has. planted

12.3 MM m3/y harvested

1,969 employees

Sales: 1,658 Sales 3rd parties: 1,409 EBITDA: 454 EBITDA margin: 27%

2.7 MM tons/y 1,778 employees

Sales: 941 Sales 3rd parties: 775 EBITDA: 170 EBITDA margin: 18%

1.1 MM tons/y 1,791 employees

Sales: 1,656 Sales 3rd parties: 1,653 EBITDA: 190 EBITDA margin: 11%

570,000 tons/y 7,337 employees

Sales: 434 Sales 3rd parties: 409 EBITDA: 32 EBITDA margin: 7%

375,000 tons/y 2,197 employees

15%

19%

46%

17%

3%

7

Plywood

Product and geographic diversification provides flexibility

Source: CMPC. Figures in US$ million for the LTM as of March 2012 / Figures do not include Holding and Intercompany Sales .

Agenda

Overview 3

8

9 Business

Divisions 20 Social

Responsibility

&Sustainability 22

Financial

Review 28 Concluding

Remarks

9

Plywood

Forestry Division: the root of CMPC’s competitive advantage

Forestal Mininco

Chile:

729,115 has.

494,072 planted has.

47,082 to be planted has.

Brazil:

213,176 has.

111,434 planted has.

12,956 to be planted has.

Argentina:

94,283 has.

63,485 planted has.

4,281 to be planted has.

Chile:

3 Sawmills:

Bucalemu,

Mulchén and

Nacimiento

Total capacity:

1.0 MM m3/y

Strategically located high quality timber assets and state of

the art facilities

Sawn wood

Chile:

2 Remanufacturing

plants:

Coronel and Los

Ángeles

Total capacity:

190 Th. m3/y

Remanufactured

wood

Chile: • 1 Plywood mill:

Mininco

Total capacity: 240 Th. m3/y

Plywood

Source: CMPC

10

Forestry Division: the root of CMPC’s competitive advantage

What’s ahead…

• Chile and Brazil: acquisition of land, to increase CMPC’s forestry

base.

• New 240,000 m3/yr plywood line in Mininco, starting in 2013.

Key drivers

• 100% planted and certified forests.

• Genetic and silvicultural practices / forest management to

enhance yield.

• Faster growth cycle.

• Proximity of forests to industrial facilities and ports.

• Young and growing forestry base:

— Average age of CMPC’s Pine Forests: 13.4 years

— Average age of CMPC’s Eucalyptus Forests: 4.7 years

— Average ratio Planting / Harvesting: 1.4 times

5,4 5,7 5,2 5,26,6

3,1 3,33,2

6,0

5,7

2007 2008 2009 2010 2011

Pine Eucaliptus

Harvesting (million m3)

1.4x

Harvesting vs. Planting (Th. hectares)

21 2018

2528

3229

26

3735

2007 2008 2009 2010 2011

Harvest Plantations

Source: CMPC

Source: CMPC

11

BSKP1 Supply Curve (US$/ton)

Pulp Division: CMPC has one of the lowest cash costs of the pulp industry

Key drivers

• First class assets.

• Strategic locations (mills near to forests and ports).

• One of the world’s lowest cost producer.

• Sales diversification.

• ISO, OHSAS certifications.

What’s ahead…

• Chile: revamping of Laja mill (110,000 tons of additional BSKP

capacity), starting in 2Q12.

• Debottlenecking of the Santa Fe II mill (200,000 tons of

additional BEKP capacity), starting in 1Q12.

• New turbo generator at the Laja and Santa Fe II mills.

• Brazil: Riograndense II line (1.3 million tons of additional BEKP

capacity), to be approved by the board.

BHKP2 Supply Curve (US$/ton)

Source: CMPC and Hawkins Wright as of December 2011

(1) BSKP: Bleached Softwood Kraft Pulp

(2) BHKP: Bleached Hardwood Kraft Pulp

CMPC’s pulp facilities

CMPC’s pulp facilities

12

Plywood

Pulp Division: CMPC has one of the lowest cash costs of the pulp industry

Chile

2 mills:

Pacífico (Pine)

Laja (Pine)

Total Capacity : 760 Th. tons/y

Production capacity and distance from mills to forests and ports

Softwood

(BSKP)

Chile

2 mills:

Santa Fe I (Eucalyptus)

Santa Fe II (Eucalyptus)

Brazil

1 mill:

Riograndense

(Eucalyptus)

Total Capacity: 1.9 M tons/y

Hardwood

(BEKP)

Santa Fe

Laja

Pacífico 163 Km.

93 Km.

119 Km.

Pacífico

Laja

Guaíba 80 Km.

80 Km.

93 Km.

Santa Fe 99 Km.

Guaíba 260 Km.

(By train)

(By train)

(By train)

(By barges)

CMPC’s average distance from… to…

13

Plywood

1

December 2009, CMPC acquired from Fibria the Guaíba Unit for a total price of US$1.37 billion. The Guaíba Unit includes:

Sizable entry to Brazil

Strategic location, complementary to existing facilities, to serve customers worldwide

Ability to reconfigure sales, delivery and increase customers

Ability to easily increase production to 1.75 million tons of pulp in the near future

Potential to replicate CMPC Chile in one of the largest and most dynamic economies in the world

Substantial forestry base and sylvicultural know-how

Opportunity to further improve CMPC’s low cost producer status

The Guaíba acquisition: the biggest project in CMPC’s History

Pulp mill with annual

production capacity of approx.

450,000 tons

Paper mill with annual

production capacity of approx.

60,000 tons

Approximately 212,000

hectares of land of which

123,000 are plantable

Licenses and authorizations to

execute an expansion project for the

pulp mill to increase its annual

capacity to approx. 1.75 mm tons

2 3 4

Riograndense

14

Plywood

Paper Division: strategically focused on niche paper grades

Chile

2 mills:

Maule

Valdivia

Total Capacity:

430,000 tons/y

Boxboard

Chile

1 mill:

Puente Alto

Total Capacity:

340,000 tons/y

Corrugated Paper

Chile

1 mill:

Nacimiento

Total Capacity:

200,000 tons/y

Newsprint

Chile

1 mill:

Laja

Brazil

1 mill:

Riograndense

Total Capacity:

130,000 tons/y

Other papers

Most important paper

distributor in Chile,

with 53% of total

market share

Edipac

Key drivers

Well integrated with the forest and pulp

divisions.

State of art technology & low cost producer.

Extensive use of recycled paper.

Sales focused on developing countries.

Geographical Sales Breakdown (Th. Tons)

Source: CMPC

12%22%

61%

88%78%

39%

Boxboard Newsprint Packaging

Local Sales Export Sales

15

Tissue Division: CMPC is a leading Latin American player

Key drivers

• One of the largest tissue players in Latin America.

• Strong branding.

• Broad market segmentation and extensive distribution network.

• Flexible product mix and complete line of tissue sanitary

products and away from home categories.

• Extensive use of recycled paper.

• High growth opportunities, due to low per capita consumption.

What’s ahead…

• Chile: New Tissue Paper Machine (50,000 tons/y) in 1H12.

• Consolidation in the Mexican, Colombian and Brazilian

markets.

Tissue Capacity Evolution (000’s of Tons)

Tissue per Capita Consumption

India

ChinaEcuador

PeruColombia

BrazilUruguayMexicoChile

Argentina

Portugal

Spain

France

Japan

CanadaSweden

USA

Switzerland

0

5

10

15

20

25

30

0 10 20 30 40 50

Tiss

ue P

aper

App

. Con

s (k

/hab

)

GNI per capita, PPP (US$)

0

100

200

300

400

500

600

2006 2007 2008 2009 2010 2011

Brazil

Colombia

Mexico

Uruguay

Peru

Argentina

Chile

Source: CMPC

Source: CMPC

CMPC’s operations

(excluding China)

16

Plywood

Tissue Division: CMPC is a leading Latin American player

Strong market share throughout the region

Market Share:

Capacity: 89,000 tons/yr

5%

Mexico (Since 2006)

Colombia (Since 2007)

Market Share:

Capacity: 125,000 tons/yr

11%

Brazil (Since 2009)

Market Share:

Capacity: 37,000 tons/yr 87%

Market Share:

Only Conversion Process

23%

Ecuador (Since 2009)

Market Share:

Capacity: 63,000 tons/yr

56%

Peru (Since 1996)

Market Share:

Capacity: 127,000 tons/yr

79%

Chile

Market Share:

Capacity: 106,000 tons/yr

48%

Argentina (Since 1991)

Market Share: 11%

Capacity: 22,000 tons/yr

Uruguay (Since 1994)

Tissue products

Baby & Adult

diapers

Feminine care

Away from

Home products Source: CMPC

17

Tissue Division: Some of our brands…

Domestic Consumption Sanitary Products Away from Home Products

Source: CMPC

18

Plywood

Paper Products Division: Local sales mainly oriented to export industries

Chile

4 mills:

Buin

Quilicura

Til Til

Osorno

Total Capacity: 287,000

tons/y

Corrugated boxes

Chile

1 mill:

Chillán

Argentina

1 mill:

Hinojo

Peru

1 mill:

Lima

Mexico

1 mill:

Guadalajara

Total Capacity: 70,000

tons/y

Paper bags

Chile

1 mill:

Puente Alto

Total Capacity: 18,000

tons/y

Molded pulp trays

Key drivers

Market leader in corrugated boxes and

multiwall bags markets in Chile.

Well diversified sales among different

segments of the market in corrugated

boxes.

Manufacturing process benefits from

backward integration.

Although a significant fraction of the sales

of this business area are local, CMPC

Paper Products is also expanding its

exports.

What’s ahead…

Mexico: new 40,000 tons paper bags mill

in Guadalajara, starting 2013.

Agenda

Overview 3

19

9 Business

Divisions 20 Social

Responsibility

&Sustainability 22

Financial

Review 28 Concluding

Remarks

20

Plywood

Corporate Social Responsibility and Sustainability

Social responsibility is an integral part of the CMPC business and organizational models

allowing effective linking to all stake holders.

CMPC and its

Business Chain

• Producing and

selling quality

products

• Strong

relationships with

suppliers and

customers

• Sound and

transparent financial

reporting

CMPC and its

Workers

• Safe working

environment

• Strict compliance

with labor

regulations and

union agreements

• Comprehensive

employee benefit

policy

CMPC and the

Community

•Jorge Alessandri

Educational Park

• Good

Neighborhood Plan

• Fundación CMPC:

improve language

and math education

in the primary

schools where

CMPC has facilities

CMPC and the

Environment

• 100% planted

forests

• Clean processes

• Replacement of

fossil fuels with

biomass

• Recollection and

recycling of waste

paper

CMPC’s

CSR

Agenda

Overview 3

21

9 Business

Divisions 20 Social

Responsibility

&Sustainability 22

Financial

Review 28 Concluding

Remarks

22

Plywood

Financial Summary

1Q11 4Q11 2011 1Q12 LTM QoQ% YoY%

Sales 1,242 1,129 4,797 1,177 4,732 4% -5%

Operating Costs (787) (795) (3,120) (799) (3,133) 1% 2%

Other Operating Expenses (138) (154) (598) (153) (613) 0% 11%0

EBITDA 317 180 1,078 224 986 25% -29%

Depreciation & Stumpage (101) (105) (413) (107) (419) 2% 6%

Change in Net Value of Biological Assets 13 50 110 16 113 -68% 23%0

Operating Income 229 125 775 134 680 7% -42%0

Financial Costs (38) (42) (163) (41) (166) -2% 8%

Other Non Operational Items (49) (10) (118) 23 (46) -336% -147%0

Net Income 143 73 494 116 467 58% -19%

EBITDA Margin 26% 16% 22% 19% 21% 3% -6%

Total Assets 13,567 13,294 13,294 13,521 13,521 2% 0%

Total Liabilities 5,621 5,445 5,445 5,511 5,511 1% -2%

Shareholder's Equity 7,945 7,848 7,848 8,010 8,010 2% 1%

1Q12

23

CMPC’s debt description as of March 2012

Last financial transactions:

• MUS$600 syndicated loan (October 2011):

5 year MUS$400 credit @ Libor + 65 bps

3 year MUS$200 committed line @ Libor + 70 bps

• MUS$500 senior term notes (April 2012):

10 year bullet note: for MUS$500 @ CT10 + 265 bps

Debt profile:

• Average term: 5.9 years

• Average cost: 4.3%

• Composition:

35% banks / 65% Bonds

• Debt breakdown by currencies:

• 19% UF / 75% US$ / 6% Other currencies

Debt breakdown by interest rate (%)

Amortization schedule

88%74% 74%

84% 84%

12%26% 26%

16% 16%

2008 2009 2010 2011 March 2012

Fixed Rate Floating Rate

263

114

254

495 494 493

180

314

48

88

274

279

239 128

22 20

17

2012 2013 2014 2015 2016 2018 2019 2022 2027 2030

Bonds Banks Revolving

24

Plywood

Main financial metrics

Debt evolution (US$ million)*

1,349

2,130 2,185 2,452 2,494

229

761 650822 783

2008 2009 2010 2011 LTM 1Q12

Net debt Cash

0.33x

0.42x0.37x

0.43x 0.42x

2008 2009 2010 2011 LTM 1Q12

Net debt / EBITDA*

1.7x

3.3x

1.9x2.3x

2.5x

2008 2009 2010 2011 LTM 1Q12

10.1x

6.3x

8.6x

6.9x6.2x

2008 2009 2010 2011 LTM 1Q12

Financial debt / equity*

EBITDA / interest expenses*

25

Plywood

CMPC has the one of the highest credit ratings in the industry globally

Country:

S&P Rating: BBB+ BBB+ BBB BBB BB BB+

EBITDA (US$ millions): 986 1,795 1,168 3,523 1,021 860

Net Debt (US$ millions): 2,494 4,622 3,129 10,355 4,920 1,467

International

Paper

Source: Public information for the LTM as of March 2012.

Issuer:

Net Debt/EBITDA: 2.5x 2.6x 2.7x 2.9x 5.2x 1.7x

Equity: 8,000 8,941 7,009 7,493 7,974 2,967

26

Plywood

CMPC: Blue chip in the Santiago Stock Exchange

CMPC is listed at the Santiago Stock

Exchange since 1922

CMPC has 2,226 million of common shares

CMPC’s stock ranked eighth in the IPSA-40

Index, representing 5.1% of the indicator as

of December, 2011

CMPC Daily Stock Price (CLP$)

Source: Bloomberg as of May 2012

-

500

1.000

1.500

2.000

2.500

3.000

21.6

17.5

13.5 12.9 12.3 12.0

8.7 8.2

4.7 4.2

0.7

0

5

10

15

20

25

Other Chilean Companies Market Cap (BUS$)

0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

40.000.000

45.000.000

50.000.000

06-2007 06-2008 06-2009 06-2010 06-2011 06-2012

CMPC Daily Traded Volume (N° of Shares)

Agenda

Overview 3

27

9 Business

Divisions 20 Social

Responsibility

&Sustainability 22

Financial

Review 28 Concluding

Remarks

28

Investment Highlights

CMPC is:

World class company in the industry.

Low cost producer in most of our product lines.

Products and geographical diversification allows strong cash.

generation in spite of economic and price cycles.

One of the highest rated credits in the industry.

Committed to sustainable growth.

Strong balance sheet prepared for growth opportunities.

Experienced management and strong shareholders.

Q & A

The foregoing material is a presentation of general background information about CMPC’s activities as of the date of the presentation. It is information given in a summary

form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment

objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is

appropriate.

Forward Looking Statements

This presentation contains statements that constitute “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Examples of these

forward-looking statements include, but are not limited to (i) statements regarding our future results of operations and financial condition, (ii) statements of plans, objectives

or goals, and (iii) statements of assumptions underlying those statements. Words such as “may,” “will,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,”

continue”, “probability,” “risk,” and other similar words are intended to identify forward-looking statements but are not the exclusive means of identifying those statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts,

projections and other forward-looking statements will not be achieved. We caution readers that a number of important factors could cause actual results to differ materially

from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements.

Contact: investorrelations@cmpc.cl