Bruno Mariani Founding Partner & CEO

COP 21, Paris December, 2015

Capturing the Full Potential of theForestry Sector in Brazil

Opportunities

Multispecies Plantations

Complex Adaptive Systems

Environmental Services

1

2

3

4

Brazil Competitive Advantage

Furniture

Forestry Sector

Agribusiness

Pulp and Paper

Homebuilding

Architecture and Interior Design

Region 1

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12

Brazil’s Global Warming Emissions by Economic Sector

Source: UCUSA; Observatorio do Clima

BILLION METRIC TONS CO₂

1

2

3 Land Use Change Waste Industrial Processes Energy Agriculture

Annual Amazon Deforestation in Brazil by StateDEFORESTATION IN THOUSANDS OF KM²

Region 1

0

8

15

23

30

96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13Média

Source: Nepstad, et al., “Slowing Amazon deforestation through public policy and interventions in beef and soy supply chains,” Science 6 June 2014

5

15

25

35

Tocantins Roraima Rondônia Pará Mato Grosso Maranhão Amapá Amazonas

Nations with Highest Deforestation Rates, 1990 – 2005

Source: FAO

More than 25 Million 5 Million – 25 Million 2.5 Million – 5 Million Small Loss or Net Gain

DEFORESTED AREA (MILLIONS OF HECTARES)

Wood: an Extraordinary Material

Zero Greenhouse Gas (GHGs) emissions

Residuals become supply material

Produced using Clean Energy

Biodegradable

Environmental friendly

Adding value to the Biodiversidade

Wood: an Extraordinary Material

Wood: an Extraordinary Material

Steel and Cement together represent

Wood: an Extraordinary Material

Production to be more regulatedand controlled will impact prices

10% of GHG total emissions

Wood from certified planted trees

100% sustainable

Wood: an Extraordinary Material

Wood: an Extraordinary Material

Large Scale Reforestation contributes to Brazil’s Climate Change Plan

Regulates Water flow and AvailabilityPositive Impact on biodiversity

Forest Plantations

Forest Plantations

Multiple uses and applications

From Monoculture to Multispecies

Commercial Risk diversification

Generates new opportunities for local

communities Residuals transformed into

new inputsByproducts provide natural fertilizers

or bioenergy Positive impact in Biodiversity

and Landscape

Native adapted species

Multispecies Systems are more resilient

From Monoculture to Multispecies

Better water supply

management

Benefits biodiversity both on the ground and underground

Better Adaptation to climate change impacts

Multipurpose and multiple uses of the products

Solid long term fixed income attributes

Provides natural hedge against inflation

Low correlation with most traditional asset classes

Investment Perspective

Low volatility

Inventory of Wild Vertebrates from the Symbiosis Farm

ANGELIM PEDRA

Andira ormosioides

PEROBA ROSA

Aspidosperma polyneuron

GONÇALO ALVES

Astronium concinum

ADERNE

Astronium graveolens

GIBATÃO (TIGER WOOD)

Astronium fraxinifolium

SUCUPIRA

Bowdichia virgilioides

PAU BRASIL (BRAZIL WOOD)

Caesalpinia echinata

JEQUITIBA ROSA

Cariniana legalis

PUTUMUJU

Centrolobium sclerophyllum

LOURO

Cordia trichotoma

JACARANDÁ DA BAHIA (ROSE WOOD)

Dalbergia nigra

JENIPAPO

Genipa americana L.

IPÊ AMARELO

Handroanthus riodocensis

MAÇARANDUBA

Manilkara salzmannii

PARAJU

Manilkara bela

PEROBA AMARELA

Paratecoma peroba

VINHÁTICO

Plathymenia foliosa

IPÊ OVO DE MACUCO

Tabebuia serratifolia

PELADA

Terminalia kuhlmannii

IPÊ TABACO

Zehyera tuberculosa

Selected Species

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Bruno Mariani brunomariani@symbiosisinvestimentos.com www.symbiosisinvestimentos.com