Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3
Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q3 2024 Earnings Presentation
16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, Nov 10, 2024
Slide 1: Results 3Q24
RESULTS 3Q24 NOVEMBER 14TH, 2024
Slide 2: Participants
PARTICIPANTS RAPHAEL HORN CO-CEO MIGUEL MAIA MICKELBERG CFO AND INVESTOR RELATIONS OFFICER
Slide 3: Operating Figures
OPERATING FIGURES
Slide 4: Cyrela's Launches
CYRELA’S LAUNCHES R$3,123 million in 3Q24, 44% higher vs 3Q23 and 114% up from 2Q24. 15 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) -11% (R$ Million) -4% 7,024 4,911 4,711 6,284 3,585 3,229 +65% +139% +44% +114% 2,479 3,123 2,165 1,482 1,979 1,4
Slide 5: Highlights: Casa Gabriele by Cyrela
HIGHLIGHTS CASA GABRIELE BY CYRELA Rua Gabriele D’annunzio, 1045 – Campo Belo PSV: R$ 323 million Units: 48 Access the projects website: Casa Gabriele Tennis Court Project’s Façade
Slide 6: Cyrela's Pre-Sales
CYRELA’S PRE-SALES Net pre-sales totaled R$3,201 million in 3Q24, 41% up from 3Q23 and 35% higher than 2Q24. %CBR of 79% in the quarter. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) +23% +25% (R$ Million) (R$ Million) 7,719 5,747 6,299 4,614 3,917 3,048 +45% +43% +41% +35% 3,201 2,457 2,263 2,3
Slide 7: Sales Speed
SALES SPEED The LTM SOS of the quarter reached 54.9%. Sales Speed (12 month period) Sales by Launch Vintage 54.9% 52.6% 50.5% 4Q22 58% 7% 5% 3% 3% 84% 47.9% 47.2% 3% 2% 1% 1Q23 36% 21% 7% 6% 5% 8% 82% 0% 2Q23 40% 14% 6% 4% 69% 3% 2% 3Q23 46% 15% 8% 6% 79% 4% 4Q23 46% 11% 10% 6% 73% 1Q24 53% 16% 10
Slide 8: Inventory
INVENTORY R$8,693 million in PSV inventory at market value (R$6,616 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown 3Q24 0% Other -1,936 16% 8,670 3,123 101 -1,016 -248 -1,265 South 14% 51% São Paulo 8,693 20% Rio de Janeiro Inventory Sales of Launches Sales of Price Inventory
Slide 9: Finished Inventory
FINISHED INVENTORY R$1,316 million in PSV finished inventory at market value (R$1,103 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown 3Q24 0% 1,314 1,316 -26 Other -248 276 22% São Paulo 28% 22% South 28% Rio de Janeiro Finished Sales of PSV Price Finished Uni
Slide 10: Delivered Units
DELIVERED UNITS 9 projects delivered in 3Q24, totaling PSV of R$1,123 million on the dates of their respective launches. In 2024, 25 projects delivered, totaling PSV of R$2,931 million on the dates of their respective launches. Delivered PSV – by Segment (100%) Delivered PSV – by Region (100%) (
Slide 11: Financial Results
FINANCIAL RESULTS
Slide 12: Financial Results
FINANCIAL RESULTS Net revenues of R$2,030 million in 3Q24 and R$5,460 million in 9M24. Gross margin of 33.3% in the quarter and 32.6% in the year. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +20% 33.5% +21% 5,460 33.3% 32.9% 32.6% 32.3% 4,542 +25% +9% +24% +11% 1,780 2,0
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 17.6%. Net Income and Net Margin ROE LTM (R$ Million) +66% 23.3% 22.2% 21.1% 17.6% 15.5% 15.3% 15.5% 14.5% 13.5% 12.8% +88% +15% 1,152 694 473 412 251 3Q23 3Q24 2Q24 9M2
Slide 14: Liquidity and Debt
LIQUIDITY AND DEBT Net Debt / Total Equity attained 7.1%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) Net Debt / Equity 7.1% 5,193 5,363 5,363 5,107 Average Term 3.2 y 3.5 y 4,811 746 Short Term 14% 13% Corp. Short Corp. Long Term 86% 87% Corp. 3,442 3,406 3,121 4,693 Avarege C
Slide 15: Cash Generation
CASH GENERATION* Cash generation of R$129 million in the quarter. (R$ Million) 198 +1.760% 129 181 206 115 7 83 49 56 14 -9 -43 -90 -118 -7 -61 3Q23 3Q24 2Q24 9M23 9M24 Non Recurring *Ex dividend payment and buyback program.
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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