Pdg Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:PDGR3
Pdg Realty Sa Empreendimentos E Participacoes — Q1 2007 Earnings Presentation
18 slides from Pdg Realty Sa Empreendimentos E Participacoes's earnings presentation, 2007
Slide 1: 1Q07 Results Presentation
1Q07 Results Presentation Investor Relations: Michel Wurman Investor Relations Officer João Mallet Investor Relations Manager Phone Number:+ 55 (21) 3504-3800 E-mail: ri@pdgrealty.com.br Website: www.pdgrealty.com.br/ri
Slide 2: Participants
Participants José Antonio T. Grabowsky CEO Michel Wurman Investor Relations Officer Phone Number:+ 55 (21) 3504-3800 E-mail: ri@pdgrealty.com.br Website: www.pdgrealty.com.br/ri
Slide 3: 1Q07 Highlights
1Q07 Highlights 9 PDG Realty’s Net Revenue totaled R$68 million, an increase of 220.9% compared to the same period in the previous year. 9 EBITDA amounted R$21 million, 235.7% increase compared to the first quarter of 2006. 9 Launched PSV totaled R$366.6 million, of which PDG Realty´s share was R$14
Slide 4: Recent Events
Recent Events 9 Accomplished Deals: 9 The interest of Goldfarb Incorporações e Construções S.A. increased from 49% to 70%. 9 The interest in CHL Desenvolvimento Imobiliário S.A. increased from 40% to 50%. 9 Acquisition of 20% from Patrimóvel Consultoria Imobiliária S.A. and from RVI Empreendimentos
Slide 5: Operational Performance - Launches
Operational Performance - Launches 9 In 1Q07, we participated in 14 launches with a total PSV of R$366.6 million, of which PDG Realty´s share was R$143.9 million. 5
Slide 6: Operational Performance - Launches
Operational Performance - Launches 9 Launches (PDG Realty % in R$ million) Segments 1Q07 (%) 1Q06 (%) High 16.53 11.5% 0.00 0.0% Medium-high 5.30 3.7% 0.00 0.0% Medium 45.82 31.8% 54.00 76.2% Medium-low 75.19 52.2% 16.87 23.8% Comercial 0.00 0.0% 0.00 0.0% Lots 1.14 0.8% 0.00 0.0% Total 143.97 100.0
Slide 7: Operational Performance - Launches
Operational Performance - Launches 9 Launches (projects) Segments 1Q07 (%) 1Q06 (%) High 2 14.3% 0 0.0% Medium-high 1 7.1% 0 0.0% Medium 2 14.3% 1 25.0% Medium-low 7 50.0% 3 75.0% Comercial 1 7.1% 0 0.0% Lots 1 7.1% 0 0.0% Total 14 100.0% 4 100.0% Region 1Q07 (%) 1Q06 (%) SP - Capital 10 71.4% 3 75.
Slide 8: Operational Performance - Launches
Operational Performance - Launches 9 Launches (units) Segments 1Q07 (%) 1Q06 (%) High 59 3.6% 0 0.0% Medium-high 112 6.9% 0 0.0% Medium 259 16.0% 427 41.9% Medium-low 1,160 70.9% 592 58.1% Comercial 0 0.0% 0 0.0% Lots 42 2.6% 0 0.0% Total 1,632 100.0% 1,019 100.0% Region 1Q07 (%) 1Q06 (%) SP - Capit
Slide 9: Operational Performance - Launches
Operational Performance - Launches 9 Launches (private area - m²) Segments 1Q07 (%) 1Q06 (%) High 13,112 6.0% 0 0.0% Medium-high 21,546 9.9% 0 0.0% Medium 20,838 9.6% 32,507 52.1% Medium-low 60,448 27.9% 29,914 47.9% Comercial 0 0.0% 0 0.0% Lots 100,901 46.5% 0 0.0% Total 216,845 100.0% 62,421 100.0
Slide 10: Sales
Sales 9 Total Contracted Sales (in R$ million) Segments 1Q07 (%) 1Q06 (%) High 25.11 11.5% 3.95 2.4% Medium-high 54.48 25.0% 12.67 7.7% Medium 63.23 29.0% 139.67 85.3% Medium-low 70.86 32.5% 7.51 4.6% Comercial 0.00 0.0% 0.00 0.0% Lots 4.29 2.0% 0.00 0.0% Total 217.97 100.0% 163.79 100.0% Region 1Q0
Slide 11: Sales
Sales 9 Sold Units Segments 1Q07 (%) 1Q06 (%) High 14 1.6% 3 0.5% Medium-high 91 10.6% 23 3.7% Medium 219 25.5% 550 89.3% Medium-low 521 60.6% 40 6.5% Comercial 0 0.0% 0 0.0% Lots 14 1.7% 0 0.0% Total 859 100.0% 616 100.0% Region 1Q07 (%) 1Q06 (%) SP - Capital 676 78.7% 80.00 13.0% SP - other Cities
Slide 12: Landbank
Landbank 9 PDG Realty´s landbank has na estimated pro rata PSV of R$2.6 billion 9 Analysing our landbank segment, we noticed that 72.9% of 2007 expected launches are focused on the medium and medium-low segments. Landbank (% PDG in R$ million) Segments 1Q07 Range 2007E Range 2007 (%) Total Landbank
Slide 13: Landbank
Landbank 9 Our landbank comprises 141 projects, 52 launches are expected for the remainder of 2007. Landbank (projects) Segments 1Q07 2007E 2007 Total (%) Total Landbank (%) HIG 2 5 7 10.6% 5 3.5% MHI 1 9 10 15.2% 16 11.3% MID 2 9 11 16.7% 20 14.2% AEL 7 23 30 45.5% 50 35.5% COM 1 2 3 4.5% 9 6.4% LO
Slide 14: Financial Highlights
Financial Highlights Gross Income Net Revenue EBITDA (R$ million) (R$ million) (R$ million) — 21,010 S 8,605 1006 1007 1006 1007 1006 1007 PDG: Ly 14
Slide 15: 2007 Guidance
2007 Guidance 9 The graphs below shows management's expectations for 2007: 2007E* Financial Data (R$ milion) Net Revenues 360-380 EBITDA 80-90 Adjusted Net Income 100-110 *Estimates under revision 15
Slide 16: Share Performance
Share Performance Average daily volume 9 January-07: R$31.7 million 9 February-07: R$3.9 million 9 March-07: R$2.9 million 9 April-07: R$5.5 million 9 May-07: R$6.7 million 16
Slide 17: Portfolio Investment
Portfolio Investment 9 Potencial gains in capital: according to the Private Equity model, PDG Realty has the intention to encourage the growth and development of its investments in order to use the equity market as a capitalization alternative. 9 Current Portfolio allows a strong presence in every B
Slide 18: Final Considerations
Final Considerations Flexibility Flexibilidade Flexibility to capture a large para atuar rangeos em todos of segmentos investment do opportunities mercado and market trends imobiliário Brasileiro Expertise and capacity to invest in: – Geographic regions Diversification – Market – Income class s
PDG Realty S.A. Empreendimentos e Participações — Q1 2007 Earnings Presentation on 6ix