Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q4 2023 Earnings Presentation

16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, Mar 15, 2024

  1. Slide 1: Results 4Q23

    RESULTS 4Q23 MARCH 15TH, 2024

  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  R$2,744 million in 4Q23, 3% lower vs 4Q22 and 27% up from 3Q23.  13 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) +7% +13% (R$ Million) 9,767 6,626 9,113 5,853 5,076 4,567 -3% +27% +19% +15% 2,821 2,744 3,063 2,880 1,716 2,165 1,4

  5. Slide 5: Highlights: Casa Eden by YOO

    HIGHLIGHTS CASA EDEN BY YOO EAST & WEST  R. Santo Arcádio, 482 - Brooklin–São Paulo - SP  PSV: R$ 734 million  Units: 210 Access the projects website: Casa Eden by YOO | East Casa Eden by YOO | West Indoor Swimming Pool Project’s Façade

  6. Slide 6: Cyrela's Pre-Sales

    CYRELA’S PRE-SALES  Net pre-sales totaled R$2,593 million in 4Q23, 4% down from 4Q22 and 15% higher than 3Q23.  %CBR of 72% in the quarter. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) +12% +17% (R$ Million) (R$ Million) 8,892 6,439 7,911 5,494 4,303 3,923 -4% +15% +21% +8% 2,372 2,691 2,593 1,95

  7. Slide 7: Sales Speed

    SALES SPEED  The LTM SOS of 4Q23 reached 47.2%. Sales Speed (12 month period) Sales by Launch Vintage 49.0% 48.1% 1Q22 51% 12% 5% 5% 2% 79% 47.7% 47.9% 47.2% 2% 1% 2% 2Q22 32% 26% 7% 5% 75% 2% 1% 2% 3Q22 41% 15% 8% 5% 4% 77% 4% 4Q22 58% 7% 5% 3% 77% 3% 1Q23 36% 21% 7% 6% 69% 2Q23 40% 14% 6% 60% 4Q2

  8. Slide 8: Inventory

    INVENTORY  R$9,934 million in PSV inventory at market value (R$7,505 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown 2023 +2% Other -1,273 9,761 22 2,744 16% -1,153 -167 -1,320 South 11% 9,934 55% São Paulo 18% Rio de Janeiro Inventory Sales of Launches Sales of Price Inventory

  9. Slide 9: Finished Inventory

    FINISHED INVENTORY  R$1,586 million in PSV finished inventory at market value (R$1,322 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown 2023 +15% 1,586 20 Other 1,382 351 18% -167 São Paulo 29% 25% South 28% Rio de Janeiro Finished Sales of PSV Delivered Price F

  10. Slide 10: Delivered Units

    DELIVERED UNITS  18 projects delivered in 4Q23, totaling PSV of R$2,093 million on the dates of their respective launches.  In the year, 58 projects delivered, totaling PSV of R$5,995 million on the dates of their respective launches. Delivered PSV – by Segment (100%) Delivered PSV – by Region (10

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: Financial Results

    FINANCIAL RESULTS  Net revenues of R$1,710 million in 4Q23 and R$6,253 million in 2023.  Gross margin of 33.7% in the quarter and 32.7% in the year. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +16% +18% 6,253 33.7% 33.5% 32.0% 32.7% 31.4% 5,412 +25% +5% 2,044 1,734 1,710 +

  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 13.1%. Net Income and Net Margin ROE LTM (R$ Million) 15.2% 15.5% 15.1% 14.9% 14.5% 13.8% 12.8% 13.1% 12.5% 12.3% +16% 942 809 +19% -1% 208 248 251 4Q22 4Q23 3Q23 2022 2

  14. Slide 14: Liquidity and Debt

    LIQUIDITY AND DEBT  Net Debt / Total Equity attained 10.7%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) Net Debt / Equity 10.7% 5,073 5,073 4,603 4,776 4,811 Average Term 2.5 y 2.6 y Short 1,312 Short Term 26% 31% Corp. Corp. Corp. Long Term 74% 69% 3,121 3,325 3,529 4,205 Avare

  15. Slide 15: Cash Generation

    CASH GENERATION* (R$ Million)  Cash burn of R$94 million in the quarter. 33 206 181 7 +73% 83 49 22 -43 -77 -54 -173 -184 -94 -101 4Q22 4Q23 3Q23 2022 2023 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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