Aracruz Celulose S.A. http://www.alacrastore.com/company-snapshot/Aracruz_Celulose_S_A-1022912 Friday, July 25, 2008 11:21:37 PM 1022912 Aracruz Celulose S.A. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/ccbn/T1888920ccbn/T1888920norm...Good afternoon, and welcome to Aracruz' second quarter #### results conference call. Today's call is being recorded and broadcasted simultaneously through the Internet. Aside from the audio webcast, today's Aracruz conference is accompanied by a webcast presentation also available on their website at www.aracruz, that's A R A C R U Z dot com dot br, Investor Relations section.As part of Aracruz's efforts to assure complete and fair disclosure, the Company has opened up today's call to the general public. The call is intended for financial communities and the questions should be addressed accordingly. All participants will be on a listen-only mode during the Company's presentation. After the Company's remarks, there will be an answer-and-question section dictated to the financial community. At that time, further instructions will be given. (OPERATOR INSTRUCTIONS). Before proceeding, let me mention that forward-looking statements may be made under the Securities Litigation Act of ####. Forward-looking... 7/7/2008 5:15:00 PMARACRUZ CELULOSE S A54.0000FinalQ2 2008 ARACRUZ CELULOSE S A Earnings Conference Call (English) TranscriptARA12:00pm ETTranscriptT1888920Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/B1888920ccbn/B1888920norm...Overall demand for world chemical market pulp continues to be quite strong with shipments YTD increasing by #.#% vs. same period of ####. ... 7/7/2008 4:05:00 PMARACRUZ CELULOSE S A54.0000EditedQ2 2008 ARACRUZ CELULOSE S A Earnings Conference Call (English) SummaryARA12:00pm ETBriefB1888920Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/bir/450825bir/450825normAracruz Celulose S.A.BrazilManufacturing: Forestries and the production of bleached eucalyptus pulp26110811083108513221101131101132101153109FJARA6/5/2008 7:21:00 AM450825Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/643427spcred/643427normThe latest Full Report from S&Pglobal4/17/2008 6:26:08 PM400Full Report643427BrazilPaper ProductsEmerging MarketsLatin AmericaGlobal IssuersCorporationsForest ProductsFull ReportLow production costs; Full integration, from forests to port; Good record of financial performance and credit measures arising from conservative capital structure and financial policies; and Adequate financial flexibility, with steady free cash flow generation. Single, commodity-driven product; and Increased leverage to fund acquisitions and expansion. Standard&Poor's Ratings Services' rating on Brazil-based wood pulp producer Aracruz Celulose S.A. reflects the company's long-standing track record of financial performance and creditworthiness, coupled with better economic prospects for Brazil. The rating also reflects the company's ability to remain protected against the peculiarities of the Brazilian economy because of its strong competitive and cost positions. It has steady free cash flow generation. The company's self-sufficient structure shields it from Brazilian infrastructure risks:BRA03849615105020 151050 1510 15Aracruz Celulose S.A.320578EMERGINGLATAMERICAARCZON@BZFULLGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/643430spcred/643430normThe latest Summary from S&Pglobal4/17/2008 6:26:08 PM175Summary643430BrazilPaper ProductsEmerging MarketsLatin AmericaGlobal IssuersCorporationsForest ProductsSummaryStandard&Poor's Ratings Services' rating on Brazil-based wood pulp producer Aracruz Celulose S.A. reflects the company's long-standing track record of financial performance and creditworthiness, coupled with better economic prospects for Brazil. The rating also reflects the company's ability to remain protected against the peculiarities of the Brazilian economy because of its strong competitive and cost positions. It has steady free cash flow generation. The company's self-sufficient structure shields it from Brazilian infrastructure risks: It generates its own electricity supply, and it ships pulp through its own private port. The rating also considers the favorable long-term outlook for forest product companies in Brazil, which supports Aracruz's business and is in line with the company's plans to expand two of itsBRA03849615105020 151050 1510 15Aracruz Celulose S.A.320578EMERGINGLATAMERICAARCZON@BZSUMMARYGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/630168spcred/630168normThe latest Summary from S&P2/11/2008 1:19:06 PMSummary175global630168BrazilPaper ProductsEmerging MarketsLatin AmericaGlobal IssuersCorporationsForest ProductsSummaryThe ratings on Aracruz Celulose S.A. (Aracruz) reflect the company's long-standing track record of financial performance and creditworthiness, coupled with reduced country risks and better economic prospects for Brazil, which is responsible for 100% of Aracruz's operations, but only 2% of its revenues. Aracruz also benefits from the favorable long-term industry trends for Brazilian forest product companies, which positively affect Aracruz's business and are in line with the company's plans to expand the Guaiba and Veracel mills. Standard&Poor's Ratings Services believes this could lead to an increase in cash flow generation and better credit protection measures through the cycle. The current rating level also accounts for Aracruz's conservative capital structure and future financial policies, in which large cashBRA03849615105020 151050 1510 15Aracruz Celulose S.A.320578EMERGINGLATAMERICAARCZON@BZSUMMARYGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600011225moodys/COP_600011225htmlGlobal Credit Research Credit Opinion ## APR #### Credit Opinion: Aracruz Celulose S.A. Aracruz Celulose S.A. Espirito Santo, Brazil Ratings Category Moody's Rating Outlook Stable Issuer Rating -Dom Curr Baa# NSR LT Issuer Rating -Dom...1/3/2008 7:54:00 PMhtmlAracruz Celulose S.A.Aracruz Celulose S.A.600011225150.0000NewsCredit OpinionCOP_600011225Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/349492_report_framefitch/349492_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.15080089508Credit UpdateAracruz Celulose S.A.ARCZ312/24/2007 11:15:46 AM349492_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/378114_pr_framefitch/378114_pr_framehtmlAracruz Celulose S.A.8008950810/26/2007 6:26:00 PM010300000103120075Press ReleaseARCZ3Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.378114_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/ccbn/T1671306ccbn/T1671306norm10/16/2007 1:04:00 PMARACRUZ CELULOSE S A54.0000PreliminaryQ3 2008 ARACRUZ CELULOSE S A Earnings Conference Call TranscriptARA11:00am ET...Ladies and gentlemen, good morning and thank you for standing by. Welcome to the Aracruz conference call to discuss the third quarter of #### results. If you do not have a copy of the Aracruz press release it is available at the company's website at www.aracruz.com.br at the Investors Relations link. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions for participation will be given at that time. (OPERATOR INSTRUCTIONS). As a reminder, this conference is being recorded. With us today in Sao Paulo is Mr. Isac Zagury, Aracruz's Chief Financial Officer who will open the teleconference and Mr. Joao Felipe Carsalade, Commercial Director. It is now my pleasure to turn the call over to Mr. Zagury. Mr. Zagury, you may now begin. ... TranscriptT1671306Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1594635ccbn/T1594635norm7/6/2007 4:06:00 PMARACRUZ CELULOSE S A54.00FinalQ2 2008 ARACRUZ CELULOSE S A Earnings Conference Call (English) TranscriptARA11:00am ET...Good afternoon and welcome to Aracruz's second-quarter #### results conference call. Today's call is being recorded and broadcasted simultaneously through the Internet. Aside from the audio webcast, today's Aracruz conference is also accompanied by a webcast presentation available on their Web site at www.Aracruz.com.br, under the Investor Relations section. As part of Aracruz's efforts to ensure complete and fair disclosure, the Company has opened up today's call to the general public. The call is intended for the financial community, and the questions should be addressed accordingly. All participants will be on a listen-only mode during the Company's presentation, after which remarks -- after those remarks, there will be a question-and-answer session dedicated to the financial community. At that time, further instructions will be given. (OPERATOR INSTRUCTIONS).Before proceeding, let me mention that forward-looking statements may be made under the Securities Litigation Act of ####. Forward-looking... TranscriptT1594635Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/B1594635ccbn/B1594635norm7/6/2007 1:08:00 PMARACRUZ CELULOSE S A54.00EditedQ2 2008 ARACRUZ CELULOSE S A Earnings Conference Call (English) SummaryARA11:00am ET...In May, ARA represented Brazil at a Closing Bell ceremony, marking the ##th anniversary of its listing. www.streetevents.comContact Us ... BriefB1594635Credit & Investment ResearchThomson Street Events