1.

Agenda

Corporate Structure Business Segments Company Overview Financial Highlights

2.

Corporate Structure

Klabin S. A.

82%

100%

50%

50%

50%

Klabin Bacell

Klabin Argentina

Norske Skog Klabin

Klabin Kimberly

KCK Tissue

3.

Shareholder Structure 12/31/01 Common

Brazilian Investors 20.5% Monteiro Aranha 20.0%

Preferred
Institutional Investors 10.9% Foreign Investors 18.5%

Brazilian Investors 39.0%

Klabin Irmos 59.5% Shares Outstanding Local Share Price (Klbn4) Book Value Free Float Daily Traded Volume 600,856 K R$ 0.98 R$ 1.44 66% R$ 587,000

BNDESPAR 31.6%

Common 317,049,392 Preferred 601,750,949 918,800,341 Total

4.

Business Segments

Klabin

Forestry

Pulp

Paper

Corrugated Boxes

Sacks

Tissue

(*)

Newsprint

( ) Joint venture to be terminated on March, 2003

5.

Broad Geographic Coverage

Forestry
Rio Grande do Sul Santa Catarina Paran So Paulo Bahia RS SC PR SP BA

28 Industrial Sites

Packaging
Corrugated Boxes
Goiana Feira de Santana Betim Del Castilho Guapimirim Jundia (2) Itaquaquecetuba Piracicaba Itaja So Leopoldo Ponte Nova PE BA MG RJ RJ SP SP SP SC RS MG

Pulp
Camaari Guaba - BA - RS BA PE

Paper
Monte Alegre Angatuba Otaclio Costa Correia Pinto Guaba PR SP SC SC RS MG SP PR SC RS RJ

Multiwall Bags
Brazil Correia Pinto Lages (2) Argentina Pilar - SC - SC

Tissue
Brazil Santo Amaro Mogi das Cruzes Cruzeiro Correira Pinto Argentina Bernal BA SP SP SC

Argentina

Newsprint
Monte Alegre - PR

6.

Forestry Assets
000 ha

Company Lands Planted Forests Native Preserved Forests Others

426 237 130 59

Pinus Eucalyptus Company Lands 000 ha

Productivity (m3/ha/year) Actual Average 30 50 Planted Forests 000 ha Best 38 70 Average Distance Km

Bahia So Paulo Paran Santa Catarina Rio Grande do Sul

12/31/01 Position

19 4 230 118 55 426 2 123 72 40 237

7.

108 32 60 83

Brazilian Largest Pulp and Paper Producers Thousand tons

Paper 1 Klabin 2 Suzano 3 IP 4 Votorantim 5 Ripasa 6 Rigesa 7 Orsa 8 Trombini 9 Pisa 10 Others Total
Source: Bracelpa 2001 preliminary

Production 1,516 736 578 555 410 290 252 189 166 2,662 7,354

Share 21% 10% 8% 8% 6% 4% 3% 3% 2% 35% 100%

Pulp 1 Klabin 2 Aracruz 3 Suzano 4 Votorantim 5 Cenibra 6 IP 7 Jarcel 8 Ripasa 9 Rigesa 10 Others Total

Production 1,440 1,272 996 801 792 417 326 303 201 975 7,522

Share 19% 17% 13% 11% 11% 6% 4% 4% 3% 12% 100%

8.

Market Leadership
Corrugated Boxes (1)
Others 38% Klabin 29% Others 38%

Packaging Papers (2)

Klabin 36%

Penha 6%

Orsa 8%

Trombini 8%

Rigesa 12%

Orsa 7%

Trombini 4%

Rigesa 15%

Multiwall Bags (3)

Iguau 12% Cocelpa/ Conpel 14% Klabin 45% Others 46%

Tissue (2)

Klabin 21%

Trombini 13%
Source: (1) ABPO 2001 (2) BRACELPA 2000 (3) KLABIN 2001

Santher 17% Manikraft 6% Melhoramentos 10%

Portela 16%

9.

Low Production Cost ex-mill Cash Cost

BEKP
Others 23% Wood 24% Fuel 20%

Kraftliner
Wood 33%

Chemicals 7% Personnel 29% Others 13% Electric Energy 17% Personnel 18% Electric Energy 5% Chemicals 11%

US$ 159 / ton

US$ 164 / ton

10.

Production and Converting Capacities Thousand ton/year

1,690 40 120 1,530
Printing/Writing Newsprint

1,670
Dissolving Hardwood

115 555

Packaging

Softwood

1,000 690 180

Pulp Paper Corrugated Boxes Tissue

155
Multiwall Bags and Envelopes

Capacity to sell over 2 million tons/ year of products

11.

Sales - 1,000 ton

1998
Publication Paper Packaging Paper Tissue Pulp Guaba (RS) Camaari (BA) Corrugated Boxes Bags/Envelopes Others

1999 137 289 133 378 274 104 307 101 11 1,355 1,195

2000 151 352 144 335 236 99 373 108 12 1,474 1,380

2001 124 549 138 340 236 104 510 116 7 1,784 1,339
12.

157 248 141 370 265 105 282 99 19 1,316 925

Total
Average Price - R$/ton

Sales - 1,000 ton

2000 1Q00 Publication Paper Packaging Paper Tissue Pulp Guaba (RS) Camaari (BA) Corrugated Boxes Bags/Envelopes Others Total 38 74 34 72 56 16 72 26 3 319 2Q00 36 62 37 92 64 28 76 27 4 334 3Q00 38 81 38 87 67 20 89 28 3 364 4Q00 38 136 35 83 49 34 135 27 3 457 1Q01 30 135 30 70 49 21 128 30 2 425 2001 2Q01 25 135 34 94 69 25 132 31 2 453 3Q01 32 120 36 95 66 29 124 27 3 437 4Q01 37 159 38 81 52 29 126 28 0 469

Average Price - R$/ton

1,333

1,400

1,447

1,344

1,327

1,283

1,395

1,351
13.

Sales - 2001 Consolidated 100%

Volume
Pulp 19% Tissue 8% Publication Paper 7%

Net Revenue
Pulp 15% Publication Paper Others 7% 5% Bags/ Envelopes 8% Tissue 17% Corrugated Boxes 28% Packaging Paper 24%

Bags/ Envelopes 7%

Packaging Paper 31%

Corrugated Boxes 24%

Volume 1,783,832 tons Packaging - 66%

Net Revenue R$ 2,585 million Packaging - 56%

14.

Net Revenue Consolidated

R$ Million

800 700

C.A.G.R. = 32%

676 572 588

567 (*) 536

600 500
387 444 408 472 433

400
314

337

300 200
1Q99 2Q99 3Q99 4Q99 1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 4Q01
(*) Excluding the effect of the forestry sale of Klabin Riocell in 2Q01 15.

Sales by Market - 2001 Consolidated 100%

Volume
Exports 38%

Net Revenue
Exports 32%

Domestic Market 62%

Domestic Market 68%

1,000 ton Total Domestic Market Exports Pulp Kraftliner Others 1,784 1,098 686 306 325 55 Total Domestic Market Exports Pulp Kraftliner Others

R$ Million 2,585 1,752 833 338 322 173

16.

Exports Consolidated
US$ Million C.A.G.R. = 18%

120
101 84 86 88 91 83 95

90
60 64 66

77 69

60

30

0
1Q99 2Q99 3Q99 4Q99 1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 4Q01
17.

Exports by Region - 2001 Consolidated

Volume
Europe 46%

Net Revenue
Europe 46%

Asia 27%

Asia 21%

North America 3%

Latin America 24%

North America 3%

Latin America 30%

18.

Income Statement Consolidated

R$ Million 2000 Total Volume - 1,000 ton Net Revenue Gross Profit Gross Margin Total Operating Expenses Operating Result (before Fin. Results) Net Financial Expenses Net Income (Loss) Net Income After Reestructuring 1,474 1,884 819 43% (357) 462 (352) 14
-

2001 Pro Forma 1Q01 425 536 217 40% (95) 122 (233) (80)
-

2Q01 (1) 453 567 235 41% (110) 124 (150) 15

-

3Q01 437 588 255 43% (118) 137 (272) (111)

-

4Q01 469 676 234 35% (182) 52 (22) 6

-

Total (1) 1,784 2,367 941 40% (505) 435 (678) (170) 79

(1) Excluding the effect of the forestry sale of Klabin Riocel in 2Q01

19.

Financial Highlights Consolidated

R$ Million EBITDA EBITDA Margin EBIT EBIT Margin Total Assets Net Debt Equity Minority Interest Total Capitalization Net Debt / Capitalization 2000 Total 631 33% 462 25% 4,357 2,475 1,228 59 3,762 66% 1Q01 178 33% 122 23% 4,422 2,369 1,428 59 3,856 61% 2001 Pro Forma 2Q01 (1) 183 32% 124 22% 4,521 2,408 1,425 60 3,894 62% 3Q01 205 35% 137 23% 4,357 2,595 1,316 62 3,972 65% 4Q01 (2) 163 24% 94 14% 4,443 2,458 1,322 62 3,842 64% Total 729 31% 477 20% 4,443 2,458 1,322 62 3,842 64%

(1) Excluding the effect of the forestry sale of Klabin Riocell in 2Q01 (2) Including non recurring items in EBITDA of R$ 41 million in 4Q01 20.

Cash Generation Consolidated

EBITDA R$ Million EBITDA Margin

250
Including non recurring items of R$ 41 million in EBITDA in 4Q01

50%

200
31 32 30 35 31 33

35

31

33

32

35

163
31
41 17

40%

150

30%

100
164 138 144 145 178 178

183 (*)

205

20%
122

50

97

106

115

10%

0
1Q99 2Q99 3Q99 4Q99 1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 4Q01
(*) Excluding the effect of the forestry sale of Klabin Riocell in 2Q01

0%

21.

Net Debt / EBITDA (*) Consolidated

4

x = Times

3.3 x 3.0 x
3

3.2 x

3.4 x 3.4 x 3.3 x 3.3 x 3.3 x 3.0 x 2.4 x

2.3 x

2.3 x

0 1Q99 2Q99 3Q99 4Q99 1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 4Q01
(*) Annualized (1) Excluding non recurring items of R$ 41 million in EBITDA in 4Q01 22.

Gross Debt 12/31/01 Consolidated

R$ Million

Gross Debt as of 12/31/00 New Funding Amortization Foreign Exchange Losses 838 (1,298)

2,627

(460) 359

Gross Debt as of 12/31/01

2,526

23.

Consolidated Debt After Issuance of Shares

R$ Million US$ Million

900 800 700 600 500 400

Jan, 04th'01 March01 June01 Sept01 Dec'01

900
840 800 745 706 753 803 782 746 767 758

800 700 600 500 400

Local Currency

Foreign Currency
24.

Maturity Schedule Consolidated - 12/31/01

R$ 2,586 Million / Average Term: 26 months
R$ Million

45% 504
33

55% 536
136 226

600 500 400 300 200 100 128 0 1Q02 2Q02 3Q02 127

523

306
32

337

156
40

164
37 274

471 400 297

263

74 4Q02 2003 2004 2005 onwards

Local Currency (30%)

Foreign Currency (70%)

25.

Debt Maturity Schedule - Foreign Currency Consolidated - 12/31/01

Total US$ 758 Million Average Term: 20 months Average Cost: 8.6% per year
203
6

US$ Miillion

200

172
109 58

150

118
100
29

128
31 23

50
2

55
4 114 89 87 74

50
29 19
1Q02

32
7 25
2005 onwards

50
2Q02 3Q02 4Q02 2003 2004

Trade Finance

Bonds

Others
26.

Debt Maturity Schedule - Local Currency Consolidated - 12/31/01

Total R$ 767 Million Average Term: 38 months Average Cost: 16.7% per year
227 4

R$ Million

250 200 150 100 50 0

1Q02

263 2

136 2 2 40 3 37 36 3 31
2Q02 BNDES

115 261

32 1 31
3Q02

33 1 32
4Q02 Debentures

134

108

2003

2004 Others

2005 onwards

27.

Capex

R$ Million Maintenance Expansion Projects Sub Total Acquisitions Total Depreciation / Amortization

1999 52 86 138 27 165 144

2000 63 151 214 789 1,003 170

2001 114 247 361 0 361 252

28.

Additional Information

Investor Relations Tel.: 55 11 3225-4045 / 4046 Fax.: 55 11 3225-4241 marciano@klabin.com.br www.klabin.com.br

29.