Slide 1: 2Q19 Results Presentation
AGafisa 2Q19 Results Presentation
Slide 2: Operating and Financial Results
Operating and Financial Results
Slide 3: Net Pre-Sales and Dissolutions
Net Pre-Sales and Dissolutions Breakdown of Sales (R$ Mii Breakdown of Net Sales 2Q19 (%) 406 60 38% 188 62% 346 52 153 91 88 136 go Pe | [Inventory under Construction _ ll Inventory Concluded 2Q18 3Q18 4Qis 1Q19 2Q19 @ Net Sales ™ Dissolutions
Slide 4: Projects Delivered - 2Q19
4 Projects Delivered - 2Q19 Project: Choice Santo Amaro. Location: Santo Amaro/S&o Paulo. Launch: June 2016. Delivery: May 2019. PSV % Gafisa: R$ 91,317 million. Units: 227.
Slide 5: Gross Profit and Margin
4 Gross Profit and Margin 90658 95,421 4.4% 281,930 17,764 175.1% 108,768 18.6% 304p.p. 38.6% Adjusted Gross Profit' ? 48,862 Adjusted Gross Margin’ * 49.0% + Adjusted by capitalized interests. -64.7% 195,080 515,878 -62.2% -55.1% 66,626 170,309 -60.9% 104p.p. 34.2% 33.0% 12pp. 2 Restatement due to
Slide 6: Expenses and Net Income
4 Expenses and Net Income SG&A Expenses (R$ Million) Net Income (R$ Million) 49 43 21 22 25 -13 14 5 7 14 14 a # = . “me 3 -25 2Q18 3Q18 4Q138* 1Q19 2Q19 MSelling Expenses mi General and Administrative Expenses * General and Administrative Expenses adjusted by net reversal of the provision for bonus
Slide 7: Debt and Cash
Debt and Cash 964,770 960,344 889,413 790,172 770,715 212,897 194,445 137,160 63,068 + «182,817 751,873 765,898 752,253 727,104 587,898 26,657 (14,026) 13,646 25,149 ~—«6,940 Net Debt (R$ Million) Cash Generation (R$ Million) 965 ene 6.490 57.916 771. 25.149 26.657 13.646 a 14.026 2Q18 2Q19 2Q18 3Q1
Slide 8: Company Turnaround Plan
Company Turnaround Plan Follow-Up
Slide 9: Actions already taken / underway
Actions already taken / underway Governance = New board of directors with members. with experience in turnaround process = Maintenance of management supporting committees Strategic = Hiring of the consulting firm Bain & Company to prepare a medium and long-term strategic planning. Management = Hirin
Slide 10: Future actions
A Future actions Capitalization Y 2nd tranche of capital increase => transaction approved at the board of directors’ meeting of 7/15/19 = Issue of approximately 49 million shares = Volume to be raised: R$265 million to R$S273 million Ss v Funding of up to US$150MM in debt in local or international m
Slide 11: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: August 15, 2019 Gafisa S.A. By: /s/ Roberto Portella Name: Roberto Portella Title: Chief Executive