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#1arauco Corporate Presentation 2Q 2021 renewables for a better life#2ARAUCO at a glance As of June 2021 Shareholder Structure Angelini Group 74.70% Antar Chile 60.82% Empresas Copec 99.98% arauco Credit Ratings International Scale Fitch Ratings National Scale BBB (Stable*) Fitch Ratings AA* (Stable*) S&P BBB- (Stable) Feller Rate AA (Stable) Baa3 Moody's (Stable) *On July 2021, Fitch Ratings upgraded our National Scale Rating From AA- to AA, and our Outlook from Negative to Stable. Financial highlights In US$ million, last twelve months EBITDA EBITDA Margin 1,602 29% Net Debt/EBITDA 2.97x Net Income CAPEX Revenues 415 1,605 5,458 arauco carbon neutral#3DIVERSIFIED SALES AROUND THE WORLD Revenues MUS$5,458 Adjusted EBITDA MUS$1,602 As of June 2021 LTM Pulp 44% Wood 56% Others -7% Wood Pulp 58% 49% REVENUES BY REGION As of December 2020 34% North America 31% Asia and Oceanía 24% Central and South America O 5% Others 6% Europe 4#4TWO STRATEGIC BUSINESS SEGMENTS Forest Plantations Pulp Mills Panels 2 Mills 698 th. Ha (1) 5 Mills 2,905 th. t MDF: PB: 500 th. m³ 340 th. m³ Wood products Solid Wood 7 Sawmills: 2,646 th. m³ Plywood (5): 710 th. M³ 4 Rem. Facilities Complementary energy operations 10 Power Plants 606 MW Surplus: 219 MW 2 Power Plants 82 MW Surplus: 8 MW 2 Mills 131 th. Ha (1) 1 Mill 350 th. t 1 Sawmill: 318 th. m³ MDF: PB: 300 th. m³ 260 th. m³ 1 Rem. Facility 4 Mills 110 th. Ha (1) MDF: 1,520 th. m³ PB: 690 th. m³ 83 th. Ha (1) (2) 1 Mill 710 th. t (2) 8 Mills MDF: 1,065 th. m³ PB: 1,680 th. m³ 2 Mills MDF: 250 th. m³ PB: 315 th. m³ 1 Power Plant 91 MW (2) Surplus: 50 MW 10 Mills (3)(4) PB: 1,201 th. m³ MDF: 736 th. m³ OSB: 230 th. m³ 1 Sawmill (3): 35 th. m³ Total 1.0 million ha 4.0 million t 9.1 million m³ 3.7 million m³ 779 MW As of December 2020 (1) Considers hectares planted mainly with eucalyptus (globulus, nitens), pine (radiata, taeda, elliottii) and others. (2) Considers 50% of Montes del Plata (3) Considers 50% of Sonae Arauco (4) One PB mill in South Africa is currently shut down (5) Considers 2 plywood mills. arauco carbon neutral 5#5WE ARE A MAIN PLAYER IN THE GLOBAL MARKET #2 In market pulp capacity in the world Suzano ARAUCO (*) CMPC IP (exc. Ilim) APRIL (inc. Bracell) Metsa Group UPM-Kymmene APP (excl. PE) Stora Enso Georgia Pacific Kronospan ARAUCO (*) #2 In Panels capacity in the world Egger West Fraser Kastamonu Swiss Krono Louisiana Pacific Market Pulp Capacity (thousand tonnes) 0 2,000 4,000 5,226 MAPA's added capacity 6,000 8,000 10,000 World Panels** Capacity (thousand m³) 9,087 Pfleiderer Duratex Georgia Pacific 0 3,000 6,000 9,000 12,000 15,000 18,000 21,000 24,000 World market pulp and panel competitors capacity as of December 2020 *Arauco capacity includes 50% of Montes del Plata, 50% Sonae Arauco, and MAPA Project, as of December 2020 **Panels refers to Composite Panels, which corresponds to MDF, PB and OSB. Source: Hawkins Wright, Public fillings, Arauco estimations and Company information and fillings arauco carbon neutral#6MAXIMIZING THE VALUE OF OUR FORESTS Pine & Eucalyptus Pine Chips PULP MILLS Bark & Waste Black Liquor WOOD PRODUCTS MILLS PULP EKP BSKP UKP Bark & Waste HEAT PRODUCTION WOOD PRODUCTS Fluff Dissolving Pulp MDF/PB Plywood Sawn Timber Rem. Wood Products ENERGY & STEAM SURPLUS 277 MW arauco National Grid carbon neutral 7#7BUSINESS SEGMENTS arauco carbon neutral#8PULP BUSINESS Pulp Sales MUS$2,258 Does not include energy sales As of June 2021 LTM Production million tonnes 4.0 3.6 3.7 3.8 3.7 3.7 3.7 3.4 3.3 3.5 3.1 3.0 2.5 2.0 1.5 1.0 0.5 2013 2014 2015 2016 2017 2018 2019 2020 Jun 2021 LTM EKP BSKP UKP Fluff DP Sales volume: 3.6 million tonnes Fluff DP 4% 7% UKP EKP (1) BSKP (2) UKP(3) FLUFF DP (4) 13% (1) Eucalyptus Kraft Pulp (2) Bleached Softwood Kraft Pulp (3) (4) Unbleached Kraft Pulp Dissolving Pulp BSKP 30% As of June 2021 LTM Rest of the World 14% Korea 3% BHKP 46% America 11% Europe 15% China 57% arauco carbon neutral 9#9PULP BUSINESS - FORESTRY OPERATIONS Total Plantations In thousand hectares Includes plantations in Chile, Argentina, Brazil and Uruguay 1,022 Planting and harvesting In thousand hectares 37 ha 23 ha 2004 2006 2008 2010 2012 2014 2016 2018 2020 2002 2003 2004 2005 1.7 million (*) hectares owned 1.0 million hectares planted 643 th. of Pine 356 th. of Euca 22 th. Others AA (*) includes 496 th. hectares of native forest plantations. As of December 2020 Hectares Planted Pine : Euca: 499 th. 197 th. Others: 2 th. 698 th. Pine: 52 th. Euca: 58 th. Others: 0.4 th. 110 th. Euca: 82 th. Pine: 0.2 th. Others: 0.4 th. 83 th. Pine : Euca: Others: 20 th. 92 th. 19 th. 131 th. Planted hectares 55 ha 47 ha Harvested hectares 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Environmental Certifications Our forests plantations have international certification in Forestry Management and Chain of Custody For detailed information about each certification, you can visit our web site www.arauco.com arauco carbon neutral 10#10PULP BUSINESS - FORESTRY OPERATIONS Bioforest research and development Bioforest was formed in 1990 by Arauco and one of the achievements has been the increase in the plantation yields by 40% 48 Highly trained researchers work in order to develop and apply the best technologies, maximizing the forestry and industrial resources. Bioforest has a wide participation in local and international organizations that are leaders in the forestry-industrial scientific knowledge • In addition, Bioforest aims to fulfill the environmental objectives for the protection and conservation of biodiversity present in our native forests arauco carbon neutral 11#11PULP BUSINESS OUR MILLS in thousand tonnes As of December 2020 MAPA PROJECT (2021) NEW LINE 3 1,560 EKP LICANCEL 160 UKP CONSTITUCION 355 UKP ARAUCO MILL LINE 1: 290 EKP Line 1 will be shut down upon completion. LINE 2: 510 BSKP NUEVA ALDEA 520 EKP 520 BSKP ALTO PARANA 350 BSKP & Fluff Swing mill MONTES DEL PLATA 1,414 EKP Arauco owns 50% VALDIVIA 550 EKP, or DP Swing mill arauco E carbon neutral 12#12PULP BUSINESS COMPETITIVE ADVANTAGES 1. Logistic Efficiency 620 570 2. Cost Advantages Other Europe East Canada Japan Coastal BC Finland Sweden Int. West Canada Japan US 520 Average distances from Forests to Mills Average distances from Mills to Ports US$/ADt Cash Cost, CIF China 470 Chile 420 Other world Bel/France US Sweden Finland Iberia Canada East Europe China Other Asia Km 370 East Europe 320 Indonesia Chile/Uruguay Chile 85 Licancel 420 270 Constitucion Brazil 316 Argentina 80 Nueva Aldea 63 220 Uruguay 282 0 5,000 10,000 15,000 Arauco 35 20,000 Annual capacity (000s ADt) 25,000 30,000 35,000 40,000 Valdivia 301 Alto Paraná 1,200 BSKP BHKP Montes del plata 0 Weighted Avg. 203 (1) 161(2) Source: Hawkins Wright, as of December 2020 Other world includes Argentina, China and Oceania. with MAPA Source: ARAUCO, as of December 2020 (1) Calculated using sales volume for 2020 (2) Calculated including sales volume from ARAUCO's Line 3 expected capacity and assuming Line 1's shutdown arauco E carbon neutral 13#13PULP BUSINESS COMPETITIVE ADVANTAGES 3. Product Diversification DP 13% (52%) HARDWOOD Fluff EKP 9% 39% Current Capacity 4.0 million tonnes UKP (48%) 13% SOFTWOOD BSKP 26% FLUFF 7% DP 9% 99 (63%) HARDWOOD UKP 10% Projected Capacity 5.2 million tonnes EKP 54% Including MAPA's added capacity (37%) SOFTWOOD BSKP 20% Source: ARAUCO, as of December 2020 (1)Dissolving Pulp The Valdivia mill will keep the ability to switch from producing dissolving pulp to paper grade (EKP). BCP shipment by end-use, 2021 estimate (2) Packaging 9% Fluff 10% Specialty 16% P&W 24% Tissue 41% (2) Source: Hawkins Wright, as of December 2020 BCP: Bleached Chemical Pulp, which includes all bleached kraft pulp (and not unbleached) and sulphite pulp arauco E carbon neutral 14#14WOOD PRODUCTS BUSINESS Sales evolution US$ billion 3.0 2.8 3.0 2.6 2.6 2.7 2.7 2.5 2.6 2.0 2014 2015 2016 2017 Panels 2018 Solid wood 2019 2020 Jun 2021 LTM Revenues MUS$3,030 Does not include energy sales As of June 2021 LTM 1.0 Subdivisions PANELS 7 SOLID WOOD arauco carbon neutral 15#15WOOD PRODUCTS BUSINESS: PANELS Production million m3 6.2 6.0 6.0 5.6 5.5 4.8 4.9 4.8 5.0 4.0 Panels Sales MUS$1,950 Does not include energy sales As of June 2021 LTM 3.0 2.0 1.0 0.0 2015 2016 2017 2018 2019 2020 June 2021 LTM MDF PB Others Sales volume: 6.2 million m³ Others* 3% Chile 5% Others* 4% ** Argentina 7% Mexico MDF 53% 10% PBO 44% As of June 2021 LTM Does not include Sonae Arauco volumes *OSB, HB, Retail and Composite panels ** EMEA, Asia, Oceania and Rest of Latam Brazil 27% USA and Canada 47% arauco carbon neutral 16#16PANELS OUR MILLS in thousands 2 mills 470 m³ MDF 6 mills 595 m³ MDF 1,680 m³ PB 3 mills 500 m³ MDF 340 m³ PB Legend MDF: Medium Density Fiberboard PB: Particle Board OSB: Oriented Strand Board As of December 2020 *Arauco owns 50% of Sonae Arauco **One PB mill in South Africa is currently shut down 2 mills 315 m³ PB 250 m³ MDF 2 mills 300 m³ MDF 260 m³ PB 2 mills* 140 m³ MDF 430 m³ PB 2 mills* 360 MDF 450 PB 4 mills 4 mills * 1,050 m³ PB 888 m³ MDF 460 m³ OSB 1,520 m³ MDF 690 m³ PB 2 mills* 472 m³ PB** 84 m³ MDF R arauco carbon neutral 17#17WOOD PRODUCTS BUSINESS: SOLID WOOD Production million m3 4.0 3.2 3.2 3.3 3.2 3.1 3.1 3.0 3.0 Solid Wood Sales MUS$1,080 Does not include energy sales As of June 2021 LTM 2.0 1.0 0.0 2015 2016 2017 Sawn Timber Kiln dried lumber Sales volume: 3.0 million m³ Others* Rem. Wood products 2% 16% Plywood 19% 2018 ■Plywood 2019 2020 June 2021 LTM Reman. Wood Products Rest of Latam 8% Asia and Oceania 33% EMEA 11% Kiln-dried lumber 35% Chile 16% Sawn Timber 28% As of June 2021 LTM Does not include Sonae Arauco volumes * Pallets North America 32% arauco carbon neutral 18#18SOLID WOOD OUR MILLS in thousands Legend ST: Sawn Timber Rem: Remanufactured Wood Products 7 Sawmills 2,646 m³ ST 408 m³ Rem 2 Plywood Mills 710 m³ As of December 2020 *Arauco owns 50% of Sonae Arauco 1 sawmill 318 m³ ST 67 m³ Rem 1 sawmill* 70 th. m³ ST R arauco carbon neutral 19#19ENERGY COMPLEMENTARY OPERATIONS Revenues MUS$70 Highlights Arauco generates renewable energy from forestry biomass and uses it in the production processes. In Chile, Argentina and Uruguay, we are self-sufficient in net electricity consumption and we sell the surplus to the local grid. 5 cogeneration plants in Chile and 1 plant in Uruguay are registered under the Kyoto Protocol Clean Development Mechanism (CDM). We expect MAPA will generate an additional surplus of 142MW available for the national grid. As of June 2021 LTM 606 MW 779 MW Installed capacity 277 MW Sold to National Grid in Chile, Argentina and Uruguay 82 MW 91 MW 900,000 homes can be powered by the surplus injected to the grid arauco carbon neutral 20#20FINANCIAL HIGHLIGHTS IL arauco carbon neutral#21MAIN FIGURES Adjusted EBITDA US$ million 2,000 1,800 1,600 26% 25% 22% 1,400 1,200 1,000 31% 1,851 1,290 1,353 1,067 23% 22% 1,147 1,072 35% 29% 30% 25% 20% Net Debt US$ million 3.64x 2.95x 2.72x 1.86x 4.79x 3.91x 2.97x 5,129 15% 4,490 4,760 1,602 3,805 3,889 3,684 3,434 10% 400 0% 200 2015 2016 2017 2018 2019 2020 Jun 2021 LTM CAPEX US$ million Adjusted EBITDA -Adjusted EBITDA Mg 1,740 1,605 1,348 921 665 654 469 2015 2016 2017 2018 2019 2020 Jun 2021 LTM As of June 2021 (*) UF or "Unidad de Fomento" is a Chilean inflation-indexed currency 2015 2016 2017 2018 2019 2020 Jun 2021 LTM Net Debt -Net Debt/ EBITDA Debt Breakdown by Instrument Leasing 3% Banks 17% Bonds UF (*) swapped to US$ 20% 80% by Currency Other Currencies 11% US$ 69% arauco E carbon neutral 22#22רען 129 11117111 111 FUTURE INVESTMENTS T arauco NKE carbon neutral#23MAPA NEW PULP LINE AT ARAUCO MILL & COGENERATION PLANT Modernization and Expansion of the Arauco Mill (MAPA) consists in the construction of a third pulp line of 1.56 million tonnes of short fiber production capacity. The investment for this project is approximately US$ 2,350 million. The Project also considers the shut down of Arauco's line 1 of 290 th. tonnes of short fiber pulp once the new line (line 3) is operating, and the construction of a cogeneration plant that we expect will generate a surplus of 142 MW to be made available for the national grid. It is expected that the new line will start its operations during the fourth quarter of 2021, increasing ARAUCO's total pulp production capacity to more than 5 million tonnes. arauco carbon neutral 24#24MAPA PROJECT TIMELINE July 2018 The Board of Directors approved the MAPA Project. February 2019 Earth-moving works start. May 2019 Contracts awarded for construction companies, totaling approximately US$ 680 million. End of July 2021: 86% progress Main equipment and parts on-site and construction continues. April 2011 Arauco's first environmental studies for MAPA Project. October 2018 Arauco signed main equipment contracts with Andritz and Valmet April 2019 On April 1st, 2019, Arauco signed an ECA* agreement for a total of Eur 555 million. This financing is mainly associated with the suppliers contracts signed on October 2018. (*) Export Credit Agency 2021 The new Line 3 is expected to start operating during the fourth quarter 2021, while Line 1 is shutdown. arauco carbon neutral 25#25SUSTAINABILITY MPU KAMPUS ARAUCO ARAUCO Duocut arauco carbon neutral#26SUSTAINABILITY STRATEGY Combining science, innovation and technology with the goal of unlocking the full potential of our plantations. Developing high standard, quality-oriented products that always aim to be the superior choice for our customers. P Responsibly managing our operations using best-in-class environmental practices and promoting the safety of ARAUCO's workers. Being a virtuous actor in the areas where we maintain operations to become an active agent for their social and economic development. Towards a Bioeconomy With products that come from responsible management of natural and renewable resources 27 27#27IN FACING THE CHALLENGES FOR A MORE SUSTAINABLE WORLD, WE ARE NOT NEUTRAL ARAUCO, THE WORLD'S FIRST CARBON NEUTRAL FORESTRY COMPANY arauco carbon neutral 28#28SUSTAINABILITY STRATEGY 20 20 Source: ARAUCO Sustainability Report THE WORLD'S FIRST CARBON NEUTRAL FORESTRY COMPANY 67 Health & Safety Comittees Around US$15 million Invested yearly on community 1 programs In alignment with the UN SUSTAINABLE DEVELOPMENT GOALS NO POVERTY 7 AFFORDABLE AND 8 CLEAN ENERGY QUALITY EDUCATION DECENT WORK AND ECONOMIC GROWTH 6 CLEAN WATER 9 AND SANITATION INDUSTRY. INNOVATION AND INFRASTRUCTURE 11 SUSTAINABLE CITIES 13 CLIMATE ACTION 15 LIFE AND COMMUNITIES ON LAND We maintain and protect more than, 132 Th. Hectares in Areas of High Conservation Value ооо MXXX Educational Foundation with more than 545 Schools supported arauco carbon neutral 29#29FOR FURTHER INFORMATION, PLEASE CONTACT: Marcelo Bennett, Treasurer [email protected] Phone: (562) 2461 7309 Marcelo Reyes Intveen, Investor Relations [email protected] Phone: (562) 2461 7434 [email protected] For further information, please visit www.arauco.com arauco carbon neutral

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