Melnick Desenvolvimento Imobiliario Sa · BMFBOVESPA:MELK3
Melnick Desenvolvimento Imobiliario Sa — Q1 2021 Earnings Presentation
14 slides from Melnick Desenvolvimento Imobiliario Sa's earnings presentation, May 14, 2021
Slide 1: Earnings Release 1Q21
Earnings Release 1Q21 May 14, 2021 metnick 5O
Slide 2: 1Q21 Highlights
1Q21 HIGHLIGHTS metnick SO &FA\ Lauches (R$ ‘000, Gross PSV) E20" NAV (R$‘000) ai ; +33% 1.009 1192 73 174 760 1.621 686 1.249 500 L L | U Cash Net Income from Lots net of debt Other assets Net Assets Market Cap on 2017 2018 2019 2020 1Q21LTM Launches totaled twelve months exceeded the volume of & B
Slide 3: Launches
LAUNCHES Gross PSV = Melnick’s PSV ji i jr 2 Projects Business (R$ 000) (R$ 000) Unit! Segment 1st quarter Go Rio Branco R.E. 93,933 71,394 183 Residencial Grand Park Linddia - F3 R.E. 117158 89,599 190 Residencial Casa Viva LOT 77,721 43,582 332 Lot development Botanique R.E. 181,676 130,346 103 Re
Slide 4: Launches
LAUNCHES GO. RIO BRANCO Gross PSV: RS94MM Gross PSV: RS117MM Gross PSV: RS78MM Gross PSV: R$182MM Melnick's PSV: RS7IMM Melnick's PSV: RS90MM Melnick's PSV: RS44MM Melnick's PSV: RS1I30MM Earnings Release | 1Q21| May 14, 2021
Slide 5: Net Sales
NET SALES melnick 5 —— Opening per quarter (Melnick’s share - RS’000): ——— Total sales in the quarter: (R$‘000): mmm Launch Sales Inventory Sales Inventory SOS <i Sales (partners) @ Sales (Melnick's share) —Launch SOS — Quarterly SOS +38% 3M20 3M21 Distribution by bussiness (% Melnick): 231 Open 153
Slide 6: Cancelations and Gross Sales
CANCELATIONS AND GROSS SALES melnick SO Cancellation 1Q21 Net Sales 84 231 127 31 109 Cancellation 31 26 28 52 26 Gross Sales 103 257 154 83 135 Inventory 74 104 121 69 33 Launches 41 153 33 14 102 Cancellation / Gross Sales 27% 10% 18% 62% 19% Breakdown Provision of Cancelations (PSV R$’000): 146 1
Slide 7: Inventory
INVENTORY metnick 5 — Opening by year of completion (Melnick's share- R$ '000): — PSV of concluded units ™PSV of units under construction 78% under construction 903 and 77% will be delivered in 2022 or after ———— Finished inventory (Melnick's share- R$ '000): ————- rl 198 i 632 189 704 443 Inventory
Slide 8: Land Bank
LAND BANK melnick © The Land Bank approved by the Company's Internal Com Acquisition of PSV potential in the quarter + Nilo Peganha Avenue, commercial centerin Porto Alegre + Addition of R$ 46 million (Melnick’s share), totaling R$ 279 million (Melnick’s share). a ¢ 37% reduction in the swap percent
Slide 9: Approved Land Bank
APPROVED LAND BANK melnick Ohi Tea aa ° for land bank pri approv t by the city ant Earnings Release | 1Q21| May 14, 2021
Slide 10: Financial Performance
FINANCIAL PERFORMANCE melnick SO Evolution of Net Revenue: Evolution of Gross Profit and Gross Margin: mmm Gross Profit (R$ million) ——= Gross Margin (ex-financing) 36,5% 27,8% 261% 261% 17,4% 42 40 32 33 L] [ L| ; L mmm Net Revenue (R$'000) ——POC Progress Average of POC progress 66 65 68 50 4 188 1
Slide 11: Expenditure Structure
EXPENDITURE STRUCTURE —— Evolution of General and Administrative Expenses: ——- ———— Evolution of Selling Expenses: mmm G&A (RS'000) + ——G&A/ROL(LTM) mmm Selling (RS'000) |——Selling/ROL(LTM) Th % +10% 8% 1% 7 5% y Th v 5% Th ° 9, 8% 5% 10 B v% " 10 12 9 1 10 9 9 10 7 6 6 1Q20 2Q20 3Q20 4Q20 1Q21 1Q20
Slide 12: Capital Structure and Cash Generation
CAPITAL STRUCTURE AND CASH GENERATION melnick Leverage: 03/31/2021 (R$ ‘000) Financing to production - SFH 72.6 99% Financing to production - CRI 0.8 1% Gross Debt 73.4 100% Cash (676.8) Net Debt (603.4) Shareholders’ Equity 1,203.5 Net debt /Shareholders’ equity -50.1% Cash position of in 4Q20. Dur
Slide 13: Thank You!
THANK YOU! Sign up our mailing list and stay updated on Melnick. ri.melnick.com.br Vinicius Mastrorosa - CFO and IRO Maria Luiza - Controller and RI Manager (s) +55 (51) 3016-9083 (e) ri@melnick.com.br 13
Slide 14: Disclaimer
DISCLAIMER \ y This presentation provides general background information about Melnick Desenvolvimento Imobiliario S.A.. and . its subsidiaries (jointly “Melnick” or “Company”) on the date of this presentation. It was prepared exclusively for \ presentations related to the disclosure of the Company'
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