Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q3 2023 Earnings Presentation

16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, Nov 10, 2023

  1. Slide 1: Results 3Q23

    RESULTS 3Q23 NOVEMBER 10, 2023

  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$2,165 million in 3Q23, 26% lower vs 3Q22 and 38% down from 2Q23.  13 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) +12% +11% (R$ Million) 7,024 4,911 6,292 4,412 3,585 -26% -38% 3,056 -26% -41% 3,514 2,537 2,928 2,033 2,165 1,81

  5. Slide 5: Highlights: Iconyc by Yoo

    HIGHLIGHTS ICONYC BY YOO  R. Mena Barreto, 150 – Botafogo, Rio de Janeiro  PSV: R$464 Million  Units: 293 Click here for further information Project’s Façade Rooftop Swimming Pool Rooftop Perspective

  6. Slide 6: Cyrela's Pre-Sales

    CYRELA’S PRE-SALES  Net pre-sales totaled R$2,263 million in 3Q23, 1% down from 3Q22 and 9% lower than 2Q23.  %CBR of 77% in the quarter. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) (R$ milhões ) +21% +16% (R$ Million) (R$ Million) 6,299 4,614 3,986 5,220 3,048 2,502 -1% -9% -1% -7% 2,491 1,713

  7. Slide 7: Sales Speed

    SALES SPEED  The LTM SOS of 3Q23 reached 47.9%. Sales Speed (12 month period) Sales by Launch Vintage 47.7% 49.0% 48.1% 47.9% 1Q22 51% 12% 5% 5% 77% 44.3% 2% 1% 2% 2Q22 32% 26% 7% 5% 73% 2% 1% 3Q22 41% 15% 8% 5% 73% 4% 4Q22 58% 7% 5% 74% 3% 1Q23 36% 21% 7% 63% 2Q23 40% 14% 54% 3Q22 4Q22 1Q23 2Q23 3

  8. Slide 8: Inventory

    INVENTORY  R$9,761 million in PSV inventory at market value (R$7,591 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown 2023 0% Other 9,767 -987 2,165 93 15% -1,138 -138 -1,276 South 13% 9,761 53% São Paulo 19% Rio de Janeiro Inventory Sales of Launches Sales of Price Inventory 2Q2

  9. Slide 9: Finished Inventory

    FINISHED INVENTORY  R$1,382 million in PSV finished inventory at market value (R$1,158 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown 2023 +11% 1,382 -9 1,249 Other 280 São Paulo -138 19% 23% 29% South 29% Rio de Janeiro Finished Sales of PSV Delivered Price F

  10. Slide 10: Delivered Units

    DELIVERED UNITS  18 projects delivered in 3Q23, totaling PSV of R$1,545 million on the dates of their respective launches.  In the year, 40 projects delivered, totaling PSV of R$3,902 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$1,626 million in 3Q23 and R$4,542 million in 2023.  Gross margin of 33.5% in the quarter and 32.3% in the year. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +12% 4,542 33.9% 33.5% 32.3% 32.2% 32.3% 4,041 +13% +4% 0% 1,560 1,626 1,633 +3%

  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 12.8%. Net Income and Net Margin ROE LTM (R$ Million) 18.5% 17.1% 13.8% 15.5% 15.3% 12.7% 12.5% 12.8% 14.9% 12.3% +15% -13% -10% 694 601 289 251 279 3Q22 3Q23 2Q23 9M22

  14. Slide 14: Liquidity and Debt

    LIQUIDITY AND DEBT  Net Debt / Total Equity attained 8.0%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) Net Debt / Equity 8.0% 4,735 4,811 4,811 4,554 Short Average Term 2.7 y 2.9 y 4,241 973 Short Term 20% 22% Corp. Corp. Long Term 80% 78% Corp. 3,240 3,121 3,215 4,162 Avarege C

  15. Slide 15: Cash Generation

    CASH GENERATION* (R$ Million)  Cash generation of R$7 million in the quarter. -96% -68% 188 87 181 183 183 7 22 83 49 34 5 -12 -43 -96 -90 -7 3Q22 3Q23 2Q23 9M22 9M23 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

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q3 2023 Earnings Presentation on 6ix