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Results Presentation | 3Q10
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Disclaimer
“Forward looking statements included in this presentation regarding the
Company’s business, operating and financial results and Company’s growth
are only predictions and were based on management's expectations
regarding future performance. These expectations are highly dependent on
market conditions, Brazilian economic scenario, industry performance and
international markets, and are therefore subject to change”
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Corporate Profile

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Supply Chain
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Other Segments
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Plants Location – Fiber cement
Commercial Branches
1) Anápolis/GO; 2) Colombo/PR; 3) Goiânia/GO; 4) Rio de Janeiro/RJ; 5) Simões Filho/BA; 6) Porto Alegre/RS and 7) São Paulo/SP.
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Plants Location – Concrete tiles
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Timeline
Eternit’s most important accomplishments since its foundation in 1940
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SAMA - Overview

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Global Market – Chrysotile Ore
Major World Producers – 2009 Global Consumption (MM of Ton)
Russia 45% 2009 2.1
China 22% 2008 2.4
Brazil* 14% 2007 2.4
Kazakhstan 10% 2006 2.3
Canada 8% 2005 2.3
Zimbabwe 1% 2004 2.1
* SAMA MINERAÇÃO (Minaçu/GO): Third largest in the world and first with ISO 14,001
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Competitive Advantages
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Sales of Chrysotile Ore (thous. tons)
213.3 226.2
77.7 81.3
74.1 70.4 74.5
69.2 70.0
31.9 36.2 42.8
30.9 36.6 37.2 40.4
42.2 38.3 41.5 38.5
33.4 33.2 33,2
34.1
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
Domestic Market Foreign Market
Changes Domestic Market Foreign Market Total
3Q10 / 3Q09 + 16.9% + 15.4% + 16.1%
9M10 / 9M09 + 21.2% - 7.1% + 6.0%
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Eternit - Overview

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Products and solutions for civil construction
Water tanks Roof
and filters coverings
Components for Bathroom
constructions systems chinaware fixtures
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Covering market – Brazil (2009)
Residential Market Industrial and Commercial Market
Others Others Ceramics
Fiber cement 2% Ceramics 12% 14%
52% 43%
Fiber cement Metallic
Concrete
39% 35%
3%
Total Market Market Evolution (MM m2)
Others Concrete 10%
-2%
4% 3% 8%
Ceramics 5%
35% 505
495
459
425
406
Fiber cement Metallic
49% 9% 2005 2006 2007 2008 2009
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GDP and Gross Revenue Comparison
Structure of the Industrial Park in 2009
Installed capacity: Approx. 2,820,000 tons / year
Brazilian Capacity utilization - around 86%
Consumption: Approx. 2,434,000 tons / year
Fiber Cement Companies: 11
Market Plants: 19
Selling points: 35,000
Installed Capacity: 850,000 tons/year
Capacity utilization - around 86%
Consumption: 731,000 tons/year
ETERNIT Market-share: 30%
Plants: 5
Selling Points: 12,000
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GDP and Gross Revenue Comparison
GDP Construction GDP Brazil Eternit - Gross Revenues 9M10
31.7
28.3
21.9
16.8
13.3
8.2
7.3
5.7 5.2 5.4 5.2
5.0 5.4 5.1
3.2 3.7
2.3 2.4
1.3
-0.2
-6.3
2004 2005 2006 2007 2008 2009 2010 (E)
(E) - Estimate - Source: BACEN. Gross revenue has been consolidated as of September 2010 vs. 2009
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Sales of Fiber Cement* (thous. tons)
535.2 594.8
207.2 207.8 205.3
195.4
181.7
167.2
160.8
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
Changes Total
3Q10 / 3Q09 - 0.9%
9M10 / 9M09 + 11.1%
* Includes components for constructions systems
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Competitive Advantages
Products and Solutions for Civil Construction
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Tégula - Overview
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Tégula Acquisition
• Largest Brazilian company in the concrete roofing business
• Portfolio with more than 33 product lines
• Resale of solar heating equipment
• Market share exceeding 35% in the Brazilian concrete roofing business
• Number of Employees: more than 500
• Installed Capacity: 7.2 million square meters
• Capacity Utilization in 3Q10: around 80% (60% in 1Q10 and 70% in 2Q10)
• Value of acquisition: R$ 39.2 million
• Acquired in 02/11/2010
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Main Products – Roof coverings
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Full Roofing Solution
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Operating and Financial Aspects

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Consolidated Net Revenue – 3Q10
Consolidated Net Revenue* Net Revenue Breakdown
35.5% 199.0
177.6
170.7 Fiber cement
156.4 52.9%
146.9
168.7 Others (**)
144.8 133.9
3.2% Components for
150.6
143.5 150,6 constructions
121.8 127.9 systems
3.0%
101.7 100.4 Chrysotile Ore Concrete tiles
30.3% and Accessories
10.5%
43.1 33.5 25.1 28.5 27.2 27.0 30.3
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
Domestic Market Foreign Market
(*) in R$ million (**) Others: metallic roofing tiles, polyethylene water tanks,
bathroom chinaware fixtures and water pipe filters
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COGS Breakdown – 3Q10
Fiber Cement Chrysotile Ore
Depreciation
Workforce 4%
10% Others Costs
Workforce 11%
Raw material¹ 46%
Depreciation Energy
66%
3% 7%
Others Costs
18%
Energy Raw material²
32%
3%
1 - Cement (45%), Chrysotile Ore (43%) and others (12%) 2 – Fuel, explosives, packaging, among others
Concrete Tiles
Depreciation
7% Others Costs
19%
Workforce
18% Energy
4%
Raw material³
52% 3 - Cement (51%), sand (32%) and others (17%)
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EBITDA (in R$ million)
EBITDA
35.1%
35.7 35.7 36.3 37.6
29.9 27.8 30.1
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
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Net Income (in R$ million)
Net Income
50.2%
24.3 25.5
23.2
21.6
17.3 17.0 17.2
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
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Margins
46%
45% 45% 45%
43%
40% 41%
25%
22%
21% 20%
19% 19% 19%
15% 14% 14%
13%
12% 11% 13%
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
Gross Margin Net Margin
EBITDA Margin
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Tégula
Operating and Financial Aspects 3Q10 02/11 a 09/30*
Sales - Tiles (in m2) 1,454,166 3,341,605
Net Operating Revenue R$ 20,933 thousand R$ 48,730 thousand
Gross Profit R$ 7,534 thousand R$ 16,905 thousand
Gross Margin 36% 35%
EBITDA R$ 2,748 thousand R$ 6,741 thousand
EBITDA Margin 13% 14%
Net Income R$ 3,671 thousand R$ 6,025 thousand
Net Margin 18% 12%
* As from February 11 2010, Tégula’s results were consolidated with those of Eternit as a whole
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CAPEX
CAPEX (R$ million) CAPEX Breakdown (3Q10)*
80
Capacity/
Productivity
14 62%
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34
34 Quality and
Development
6%
Administrative
16
16 Occupational 5%
22 Safety and Health Maintainance
16 1% 23% Technology
3%
9M09 9M10
Capacity Increase - ETERNIT
Tégula Acquisition
* Does not include Tégula acquisition
Investments
Molds and New Business
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New production lines of finished products
Goiânia / GO Colombo / PR Simões Filho / BA
April 2008 January 2009 October 2010
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Capital Markets

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Eternit’s Shares Performance (Dec/06 - Oct/10)
Between 12/28/2006 and 10/29/2010, Eternit”s shares appreciated 51.5% and IBOVESPA appreciated
58.9%.
In the same period, including the payment of dividends and interest on own capital, Eternit’s shares
appreciated 152.9%.
200 ETER3
IBOVESPA
170 70,673
140
R$ 10.25
110
80
50
dec-06 jun-07 dec-07 jun-08 dec-08 jun-09 dec-09 jun-10 oct-10
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Liquidity
Shareholders
7,726
7,317
6,615
5,717
2,482
1,638 1,302
2004 2005 2006 2007 2008 2009 2010(*)
(*) Until October 2010
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Ownership Structure – Oct/10
38%
53%
Individual Investors (5,424 shareholders)
Corporations (78 shareholders)
Investors Abroad (64 shareholders)
Clubs. Funds and Foundations (151 shareholders)
2%
7%
Shareholding Structure Oct/10 Oct/07
Geração L. Par. Fund. Invest. em Ações 19.66% 6.89%
Luiz Barsi Filho 12.74% 5.47%
Victor Adler 6.70% 5.46%
Bahema Participações S. A. - 6.04%
Management 1.50% 0.97%
Treasury stock 0.03% 0.28%
Free-Float 59.37% 74.89%
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Liquidity
Average Traded Volume (R$ thousand)
3,708
2,900
1,297
1,108
962
604 716
2004 2005 2006 2007 2008 2009 2010(*)
(*) Until October 2010
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Shareholder Remuneration (2004 - Nov/10)
Net Income X Shareholders Remuneration (R$ million)
81 73 73
72
65
55
44
44 40
33 34 38
30
20
2004 2005 2006 2007 2008 2009 2010
Net Income Dividends and Interest on own capital
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Shareholder Remuneration (2004 - Nov/10)
Dividend Yield
17.1%
16.2% 15.1%
13.2%
12.8%
9.3%
8.6%
2004 2005 2006 2007 2008 2009 2010
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Outlook

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Structured Expansion and Diversification Program
OBJECTIVE
Consolidate Eternit as a supplier of products and solutions to the civil construction industry
INITIATIVES
- Creation of the Development and New Businesses Area
- Inclusion of metallic roofing on its portfolio
- Investment in new product lines of fiber cement
- Investment in machinery for new products on its plants
- Increase in SAMA’s production capacity
- Launches of new products
- Debut into chinaware bathroom fixtures
- Inorganic growth – Acquisitions
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Structured Expansion and Diversification Program
Sales of fiber cement (thousand tons)
CAGR (2004/2009) = 11%
850.0
731.2
725.3 730.0
650.0 650.0 650.0 650.0
620.3
578.3
522.5
431.3
2004 2005 2006 2007 2008 2009
Sales Installed Capacity
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Structured Expansion and Diversification Program
Sales of Chrysotile Ore (Thousand tons)
CAGR (2004/2009) = 3%
300.0
303.8 295.0
290.1
270.0 270.0 270.0 272.6 270.0
248.8
231.3 221.6
2004 2005 2006 2007 2008 2009
Sales Installed Capacity
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Launches
Chinaware Components for
Colored fiber
bathroom construction systems and
cement roofing tiles
fixtures filters for water pipes
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Chrysotile – The Brazilian Ore
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Chrysotile – The Brazilian Ore
The use of Chrysotile Ore in Brazil is regulated
by the Federal Law 9.055/95, by Decree
2.350/97 and by regulatory standards for
occupational health and safety. It is also
provided in the Convention 162 of the
International Labor Organization (OIT).
White Ore
Bends and silky fibers without tip
High Concentration of Magnesium:3MgOSiO2H2O
Biopersistence*: 2.5 days
*Biopersistence: Time that a inhaled particle remains in
the lungs before being eliminated by the body’s defense
mechanisms. To cause lung damage, the fiber must have
penetration and durability capacities in the alveoli.
Serpentinite rock with Chrysotile Ore fibers
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Corporate and Environmental Management

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Corporate Management
Open Doors Program
Launch ................... November 2004
Contribute to society’s better understanding of
the mining and processing of Chrysotile Ore and
Purpose .................
the manufacture of fiber cement products in a
sustainable manner.
Five production plants of Eternit and the SAMA
Location ................
mining company
Visitors ................. More than 40,000 as of September 2010
Target .................... All society
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Raw material sector
Chrysotile Ore sector
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Filtration System Air
Latin America's largest with more than 17 thousand filter sleeves
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Environment Focused Management
Zero Reject Monitoring Air Water Reuse Reforestation
Quality Work
Seedling Quelônios Project - Animal Conservation Area
Nursery The only breeding program of Amazon turtles in Brazil and
Reintegration of Wild Animal Nature in partnership with IBAMA
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Environment Focused Management
About 80% of the 4,500 hectares of the Cana Brava Mountains are
maintained as Forest Reserve by SAMA.
Monitored area
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Social Actions - External Public
Terra Mirim Project
Eternit has partnered
with the NGO Terra
Mirim to promote the
training of young
people of Simões Filho
and region to act as
guides that will be
inserted in a project of
an ecological track to
be implemented soon
in the environmental
reserve of this unit.
The size of the area is
810 thousand square
meters
Aerial view of the Environmental Reserve of Simões Filho (BA) Plant
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Social Actions - External Public
Brincar pra Valer Project! – It aims to show the
children of a sub-prefecture of São Paulo, that their
dreams can come true through thematic workshops and
recycling.
Lar Escola São Francisco - Eternit contributes to
LESF in order to rehabilitate children and adults
with special needs in order to their physical
recover, their educational and social integration
Publication and distribution of books in Braille
and audio books - In partnership with the Dorina
Nowill Foundation, Eternit distributed in the vicinity of
their units, more than 6,000 copies in order to facilitate
access to the blind.
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Social Actions - External Public
Sambaíba Project – SAMA develops this project to
give young people a career through craft workshops
with the reuse of waste rock extracted from the
mine.
GRAAC - Eternit is a partner sponsor of GRAACC and
helps to guarantee children and adolescents with cancer, in
the most advanced scientific standard, the right to access
all the chances of cure with quality of life.
Sociedade dos Queimados - Eternit contributes to
society of burning in order to promote the social
reintegration of victims of fire burns, especially those
from low-income segment, providing a better quality of
life.
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Recreational Clubs - Workforce
Minaçu - GO Goiânia - GO Anápolis - GO
Rio de Janeiro - RJ Simões Filho - BA Colombo - PR
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Events
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Shareholders' Meeting via WEB
www.eternit.com.br/ir
www.assembleianaweb.com.br
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Shareholders' Meeting via WEB
Another step in good corporate governance practices;
The system allows electronic proxy voting by digital certificate;
More than half of Eternit’ shareholders reside outside the state of Sao Paulo;
CVM (Securities and Exchange Commission of Brazil) and IBGC (Brazilian
Corporate Governance Institute) recommend that companies encourage the
participation of shareholders at meetings;
The first 1,000 registered shareholders will have free digital certificates for the
first year;
Partners:
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BLOG
www.blogdaeternit.com.br
Access and participate
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BLOG
Communication channel for all who wants to know about Eternit;
It aims to enable interaction between the company and its public in a
transparent manner;
Another communication channel with stakeholders;
The blog is divided into four sections:
Chrysotile Ore
Civil Construction
Capital Markets
Environmental Responsibility
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American Depositary Receipt - ADR
On February 24 2010, the Board of Directors approved to initiate the accession
process to the American Depositary Receipts Program - Level 1 ADRs.
Sponsor: Eternit;
Depositary Bank: The Bank of New York;
Custodian Bank: Banco Bradesco;
Ratio between Eternit’ shares and ADR: One ADR for one common share.
Ticker: ETNTY
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Awards – 3Q10
ETERNIT – Anamaco award Dispersion 1st place, Anamaco
award 2nd place in terms of large clients and Anamaco
award Dispersion Mension Honor in polyethylene water tanks
category
ETERNIT – Mension Honor for Excellence in Investor Relations
ETERNIT – Trophy Goddess of Fortune - Merit Award
Shopkeeper
ETERNIT – Second time ABRASCA Award for best Annual
Report in Category 2 - Net income under $ 1 billion
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Awards – 3Q10
SAMA – 44th ranking in “100 Best Companies to Work for in Brazil” –
Great Place to Work
SAMA – 2nd Best Mining Company in Brazil
Biggest and Best/ Revista EXAME
SAMA – 5th Best Company in Brazil (overall ranking). 1st place in Medium
Companies category between 501 and 1500 employees
Você SA/Exame – 150 Best Companies for you to Work
SAMA – 1st place in Brazilian Environmental Benchmarking
(Environmental Protection)
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Information
Investor Relations
Élio A. Martins Gilberto Cominato
elio.martins@eternit.com.br gilberto.cominato@eternit.com.br
Rodrigo Lopes da Luz Bárbara M. Tanure Gonçalves
rodrigo.luz@eternit.com.br barbara.goncalves@eternit.com.br
Phone: (55-11) 3813-6034 ou (55-11) 3038-3818
www.eternit.com.br/ir
IR Consultant
Marcelo Fonseca
marcelo.fonseca@firb.com This material was produced using FSC certified paper (Forest
Stewardship Council), which is a guarantee that the raw material
comes from a forest managed in an environmentally
Phone: (55-11) 3897-6857 responsible, socially and economically viable.
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