Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q4 2024 Earnings Presentation

16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, Mar 21, 2025

  1. Slide 1: Results 4Q24

    RESULTS 4Q24 MARCH 21ST, 2025

  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$4,875 million in 4Q24 and R$9,586 million in 2024.  21 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) +33% +45% (R$ Million) 13,021 9,586 9,767 6,626 +146% +116% 7,663 +184% +97% 6,737 5,076

  5. Slide 5: Highlights

    HIGHLIGHTS VISTA CYRELA – TOWER VENEZIA Furnished by ARMANI / CASA  Av. Lopes de Azevedo, 66 – Jardim Guedala  PSV: R$ 1,786 million  Units: 94 Access the projects website: Vista Armani Penthouse Project’s Façade

  6. Slide 6: Cyrela's Pre-Sales

    CYRELA’S PRE-SALES  Net pre-sales ex swap and %CBR totaled R$3,530 million in 4Q24 and R$9,277 million in 2024. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) +42% +44% (R$ Million) (R$ Million) 12,624 9,277 8,892 6,915 6,439 +89% +53% 4,303 +93% +44% 4,905 3,530 2,815 3,201 2,457 2,593 2,997 2,372

  7. Slide 7: Sales Speed

    SALES SPEED  The LTM SOS of the quarter reached 55.0%. Sales Speed (12 month period) Sales by Launch Vintage 1Q23 36% 21% 7% 6% 5% 8% 84% 54.9% 55.0% 52.6% 0% 2% 50.5% 47.2% 2Q23 40% 14% 6% 4% 71% 3% 2% 2% 3Q23 46% 15% 8% 6% 81% 4% 2% 4Q23 46% 11% 10% 6% 77% 4% 1Q24 53% 16% 10% 3% 83% 2Q24 51% 14%

  8. Slide 8: Inventory

    INVENTORY  R$10,554 million in PSV inventory at market value (R$8,021 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown 4Q24 +21% Other 13% -3,821 6,737 29 South 11% 8,693 -869 -216 -1,084 10,554 59% São Paulo 17% Rio de Janeiro Inventory Sales of Launches Sales of Price Inventory

  9. Slide 9: Finished Inventory

    FINISHED INVENTORY  R$1,515 million in PSV finished inventory at market value (R$1,290 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown 4Q24 +15% 1,515 10 Other 1,316 19% São Paulo 404 25% -216 23% South 33% Rio de Janeiro Finished Sales of PSV Price Finished Un

  10. Slide 10: Delivered Units

    DELIVERED UNITS  16 projects delivered in 4Q24, totaling PSV of R$2,340 million on the dates of their respective launches.  In 2024, 41 projects delivered, totaling PSV of R$5,271 million on the dates of their respective launches. Delivered PSV – by Segment (100%) Delivered PSV – by Region (100%)

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: Financial Results

    FINANCIAL RESULTS  Net revenues of R$2,506 million in 4Q24 and R$7,966 million in 2024.  Gross margin of 31.9% in the quarter and 32.4% in the year. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +27% 33.7% +26% 7,966 33.3% 32.7% 32.4% 31.9% 6,253 +47% +23% 2,580 2,506 +39% +

  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 (R$ Million) +75% 23.3% 19.8% 20.7% 20.9% 14.5% 15.1% 17.6% 15.5% 14.5% 13.5% 1,649 +100% +5% 942 497 473 248 4Q23 4Q24 3Q24 202

  14. Slide 14: Liquidity and Debt

    LIQUIDITY AND DEBT  Net Debt / Total Equity attained 10.3%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) Net Debt / Equity 10.3% 5,882 5,882 5,309 5,363 Average Term 3.1 y 3.5 y 5,073 892 Short Term 15% 14% Corp. Short Corp. Long Term 85% 86% Corp. 3,626 3,442 3,325 4,896 Avarege

  15. Slide 15: Cash Generation

    CASH GENERATION*  Cash generation of R$61 million in the quarter. (R$ Million) 259 -53% 206 129 181 115 83 61 53 14 -94 -184 -101 4Q23 4Q24 3Q24 2023 2024 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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