Investor Presentaiton
October 12, 2021
CORPORATE STRUCTURE AND OWNERSHIP
Proteak Uno
Pro Eucalipto
Holding
Tacotalpa JV
Comefor
88.8%
No entity has a stake above 10%.
Ownership
70%
Institutional Investors
50%
GBM
PROTEAK
2000
Proteak is founded
000
First 182 ha. of teak planted
2002
2006
First FSC certification
100%
IPO and acquisition of mature plantations
in Costa Rica and Colombia
2010
קוד
2011
First time using clonal seeds
20%
10%
Market Cap:
US$100 Million
000
TIT
First time exporting teak to Asia
2012
Free Float Insiders
• Proteak Uno: Holding company. It directly owns the teak hectares (ha).
• Pro Eucalipto Holding (PH): It owns the eucalyptus plantations, the MDF mill, and the
commercial business, as well as the cogeneration plant, which generates 238 GWh of
electricity and 116 GWh of heat per year for the mill. Proteak holds an 88.8% stake, while
the remainder is owned by FINNFUND, a Finnish development fund.
.
Tacotalpa JV: It holds 1,160 ha. of teak planted in the Mexican state of Tabasco. We estimate
these plantations will reach their final harvest in 2033. It has been described to us as the
'crown jewel" of the company. The other 50% is owned by Impulsora Agrícola Chichitle.
44
• Comefor: Established in 2007 to sell timber from thinning. It is the subsidiary that hires
some of Proteak's employees.
Buys eucalyptus plantations
2013
from FOMEX
FINSA, Spain-based wood boards firm,
acquires stake in TEAK
2015
MDF mill starts production
2016
and 245,000 carbon credits
are issued
Mill starts production of
value-added boards
2017
2018
25% market shared reached in
the MDF market
TEAK: AFTER ALL, MONEY DOES GROW ON TREES. | 5View entire presentation