Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q2 2024 Earnings Presentation

16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, Aug 9, 2024

  1. Slide 1: Results 2Q24

    RESULTS 2Q24 AUGUST 9TH, 2024

  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$1,461 million in 2Q24, 58% lower vs 2Q23 and 14% down from 1Q24.  9 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) -35% -35% (R$ Million) 4,859 3,412 -58% -14% -59% -13% 3,514 2,537 2,499 3,161 2,231 1,811 1,747 1,700 1,195 1,461

  5. Slide 5: Highlights: Escape Eden

    HIGHLIGHTS ESCAPE EDEN  R. Santo Arcádio, 482 - Brooklin–São Paulo - SP  PSV: R$ 316 million  Units: 259 Access the projects website: Escape Eden Swimming Pool Project’s Façade

  6. Slide 6: Cyrela's Pre-Sales

    CYRELA’S PRE-SALES  Net pre-sales totaled R$2,372 million in 2Q24, 5% down from 2Q23 and 10% higher than 1Q24.  %CBR of 74% in the quarter. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) +12% +12% (R$ Million) (R$ Million) 4,519 3,290 4,036 2,924 2,295 -5% +10% 1,985 -6% +9% 2,491 1,825 2,372 1,713

  7. Slide 7: Sales Speed

    SALES SPEED  The LTM SOS of 2Q24 reached 52.6%. Sales Speed (12 month period) Sales by Launch Vintage 52.6% 50.5% 3Q22 41% 15% 8% 5% 4% 5% 86% 48.1% 47.9% 47.2% 4% 4% 4Q22 58% 7% 5% 3% 82% 3% 3% 2% 1Q23 36% 21% 7% 6% 5% 75% 0% 2Q23 40% 14% 6% 4% 67% 3% 3Q23 46% 15% 8% 6% 75% 4Q23 46% 11% 10% 67% 2Q

  8. Slide 8: Inventory

    INVENTORY  R$8,670 million in PSV inventory at market value (R$6,498 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown 2Q24 -9% 9,478 Other -1,384 -745 1,461 102 17% -242 -1,627 South 12% 8,670 54% São Paulo 17% Rio de Janeiro Inventory Sales of Launches Sales of Price Inventory 1

  9. Slide 9: Finished Inventory

    FINISHED INVENTORY  R$1,314 million in PSV finished inventory at market value (R$1,073 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown 2Q24 -7% 1,417 1,314 -242 6 Other 134 São Paulo 23% 27% 25% South 25% Rio de Janeiro Finished Sales of PSV Price Finished Unit

  10. Slide 10: Delivered Units

    DELIVERED UNITS  10 projects delivered in 2Q24, totaling PSV of R$1,132 million on the dates of their respective launches.  In 2024, 16 projects delivered, totaling PSV of R$1,808 million on the dates of their respective launches. Delivered PSV – by Segment (100%) Delivered PSV – by Region (100%)

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: Financial Results

    FINANCIAL RESULTS  Net revenues of R$1,857 million in 2Q24 and R$3,430 million in 6M24.  Gross margin of 32.9% in the quarter and 32.6% in the year. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +18% 32.9% 3,430 32.3% 32.2% 31.4% 31.6% 2,916 +14% +18% +20% 1,857 1,633 1,573

  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 15.5%. Net Income and Net Margin ROE LTM (R$ Million) 22.2% 19.8% 15.5% 17.1% 17.0% 14.5% 15.2% 13.8% 13.5% 12.8% +53% +47% +54% 679 412 443 279 267 2Q23 2Q24 1Q24 6M23

  14. Slide 14: Liquidity and Debt

    LIQUIDITY AND DEBT  Net Debt / Total Equity attained 9.1%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) Net Debt / Equity 9.1% 5,193 5,193 4,835 4,735 4,786 Average Term 3.0 y 3.3 y 814 Short Term 16% 16% Corp. Short Corp. Long Term 84% 84% Corp. 3,406 3,240 3,146 4,394 Avarege C

  15. Slide 15: Cash Generation

    CASH GENERATION*  Cash burn of R$61 million in the quarter. (R$ Million) 130 35 69 181 22 95 91 56 34 34 -12 -22 -47 -118 -13 -61 2Q23 2Q24 1Q24 6M23 6M24 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

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