Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q1 2025 Earnings Presentation

16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, May 16, 2025

  1. Slide 1: Results 1Q25

    SULTS 1025 MAY 167, 2025 CYRELA

  2. Slide 2: Participants

    PARTICIPANTS RAPHAEL HORN CO-CEO MIGUEL MAIA MICKELBERG CFO AND INVESTOR RELATIONS OFFICER

  3. Slide 3: Operating Figures

    OPERATING FIGURES

  4. Slide 4: Cyrela's Launches

    CYRELA’S LAUNCHES  Launches PSV ex-swap and %CBR totaled R$3,383 million in 1Q25, 183% higher vs 1Q24 and 31% down from 4Q24.  18 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) (R$ Million) +186% -28% +183% -31% 6,737 4,875 4,862 3,383 4,434 3,194 1,

  5. Slide 5: Highlights: Coupé Tower

    HIGHLIGHTS COUPÉ TOWER  Av. Antonio Evaristo de Moraes Filho - RJ  PSV: R$716 million  # of Units: 170 Access the project website: Coupé Tower Access Project’s Façade

  6. Slide 6: Cyrela's Pre-Sales

    CYRELA’S PRE-SALES  Net pre-sales ex-swap and %CBR totaled R$2,112 million in 1Q25, 34% up from 1Q24 and 40% lower than 4Q24. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) (R$ Million) (R$ Million) +41% -38% +34% -40% 4,905 3,530 3,029 2,997 2,112 2,147 1,577 1,551 1,210 855 594 39 411 8 117 876 1,

  7. Slide 7: Sales Speed

    SALES SPEED  The LTM SOS of 1Q25 reached 52.6%. Sales Speed (12 month period) Sales by Launch Vintage 54.9% 55.0% 52.6% 52.6% 2Q23 40% 14% 6% 4% 72% 50.5% 3% 2% 2% 1% 3Q23 46% 15% 8% 6% 83% 4% 2% 2% 4Q23 46% 11% 10% 6% 78% 4% 1% 1Q24 53% 16% 10% 3% 86% 3% 2Q24 51% 14% 6% 75% 4% 3Q24 62% 8% 5% 75% 4

  8. Slide 8: Inventory

    INVENTORY  R$12,408 million in PSV inventory at market value (R$9,320 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown +18% Other -1,594 12,408 12% 20 4,862 10,554 South 8% -1,277 -157 -1,435 Rio de Janeiro 15% 65% São Paulo Inventory Sales of Launches Sales of Price Inventory 4Q

  9. Slide 9: Finished Inventory

    FINISHED INVENTORY  R$1,539 million in PSV finished inventory at market value (R$1,318 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown +2% 1,515 1,539 18 Other -157 164 20% São Paulo 26% 19% South 34% Rio de Janeiro Finished Sales of PSV Delivered Price Finishe

  10. Slide 10: Delivered Units

    DELIVERED UNITS  6 projects delivered in 1Q25, totaling PSV of R$700 million on the dates of their respective launches. Delivered PSV – by Segment (100%) Delivered PSV – by Region (100%) (R$ Million) (R$ Million) +4% -70% +4% -70% 2,340 2,340 965 1,369 700 255 700 980 676 676 232 339 375 357 538 91

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: Financial Results

    FINANCIAL RESULTS  Net revenues of R$1,953 million in 1Q25.  Gross margin of 32.5% in the quarter. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +24% -22% 32.5% 31.4% 31.9% 2,506 1,953 +29% -21% 1,573 800 634 494 1Q24 1Q25 4Q24 1Q24 1Q25 4Q24 Gross Margin

  13. Slide 13: Net Income and Profitability

    NET INCOME AND PROFITABILITY  The Return on Equity (Net Income LTM / average Equity ex-minorities and FVTOCI CashMe LTM) attained 20.9%. Net Income and Net Margin ROE LTM +23% -34% (R$ Million) 19.8% 20.9% 20.9% 17.0% 16.8% 17.6% 15.5% 14.5% 497 328 267 1Q24 1Q25 4Q24 1Q24 2Q24 3Q24 4Q24 1Q25 Net M

  14. Slide 14: Liquidity and Debt

    LIQUIDITY AND DEBT  Net Debt / Total Equity attained 9.3%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) 5,882 5,876 5,876 5,503 Net Debt / Equity 9.3% 843 Average Term 3.1 y 3.4 y 4,786 Short Corp. Corp. Short Term 14% 15% Corp. 3,626 3,561 Long Term 86% 85% 4,958 3,146 Long Avar

  15. Slide 15: Cash Generation

    CASH GENERATION* (R$ Million)  Cash generation of R$71 million in the quarter. 130 35 181 71 61 95 71 61 1Q24 1Q25 4Q24 Non Recurring *Ex dividend payment and buyback program.

  16. Slide 16: Contact IR

    CONTACT IR Cyrela Brazil Realty S.A. Empreendimentos e Participações Avenida Paulista, 1,063, 10th Floor São Paulo - SP – Brasil Zip Code 01311-200 Investor Relations ri@cyrela.com.br https://ri.cyrela.com.br/en/ Índice De Dividendos IDIV Statements contained in this press release may contain inform

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