Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3
Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q2 2023 Earnings Presentation
16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, Aug 11, 2023
Slide 1: Results 2Q23
SULTS 2023 AUGUST 11, 2023 CYRELA
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$3,514 million in 2Q23, 51% higher vs 2Q22 and 161% up from 1Q23. 17 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) +44% +43% (R$ Million) 4,859 3,412 +51% +161% +52% +190% 3,514 2,537 3,364 2,499 2,379 2,326 1,811 1,765 1,673 1,
Slide 5: Highlights
HIGHLIGHTS ON THE SKY CYRELA BY YOO – R. Turiassu, 1305 PSV: R$563 Million Number of Units: 410 Outdoor Swimming Pool Perspectiva da Fachada
Slide 6: Cyrela's Pre-Sales
CYRELA’S PRE-SALES Net pre-sales totaled R$2,491 million in 2Q23, 54% up from 2Q22 and 61% higher than 1Q23. %CBR of 81% in the quarter. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) (R$ milhões ) +38% +29% (R$ Million) (R$ Million) 4,036 2,924 2,274 +54% +61% 2,935 +45% +66% 1,985 2,491 1,825 1
Slide 7: Sales Speed
SALES SPEED The LTM SOS of 2Q23 reached 48.1%. Sales Speed (12 month period) Sales by Launch Vintage 47.7% 49.0% 48.1% 44.3% 2% 43.2% 2Q22 32% 26% 7% 72% 5% 3Q22 41% 15% 8% 5% 69% 4Q22 58% 7% 5% 71% 1Q23 36% 21% 56% 2Q23 40% 2Q22 3Q22 4Q22 1Q23 2Q23 In 3 months In 9 months In 15 months In 6 months
Slide 8: Inventory
INVENTORY R$9,797 million in PSV inventory at market value (R$7,716 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown 2023 +12% Other -1,400 14% 50 8,694 3,514 -952 -140 -1,092 South 12% 9,767 57% São Paulo 16% Rio de Janeiro Inventory Sales of Launches Sales of Price Inventory 1
Slide 9: Finished Inventory
FINISHED INVENTORY R$1,249 million in PSV finished inventory at market value (R$1,028 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown 2023 +0.1% 1,248 1,249 -23 -140 164 Other 20% São Paulo 30% 29% South 21% Rio de Janeiro Finished Sales of PSV Delivered Price
Slide 10: Delivered Units
DELIVERED UNITS 12 projects delivered in 2Q23, totaling PSV of R$1,259 million on the dates of their respective launches. In the year, 22 projects delivered, totaling PSV of R$2,357 million on the dates of their respective launches. Delivered PSV – by Segment (100%) Delivered PSV – by Region (10
Slide 11: Financial Results
FINANCIAL RESULTS
Slide 12: Financial Results
FINANCIAL RESULTS Net revenues of R$1,633 million in 2Q23 and R$2,916 million in 2023. Gross margin of 32.3% in the quarter and 31.6% in the year. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +18% +19% 2,916 31.3% 32.3% 31.6% 30.7% 31.2% 2,482 +31% +27% 1,633 +35% +34% 1,
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 13.8%. Net Income and Net Margin ROE LTM (R$ Million) +42% 13.8% 17.1% 12.3% 12.7% 12.5% 12.3% +85% +71% 15.2% 12.7% 12.6% 12.1% 443 313 279 151 164 2Q22 2Q23 1Q23 6M22
Slide 14: Liquidity and Debt
LIQUIDITY AND DEBT Net Debt / Total Equity attained 5.9%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) Net Debt / Equity 5.9% Average Term 2.6 y 3.3 y 4,735 4,735 4,646 4,546 Short Term 25% 25% 3,946 1,160 Short Long Term 75% 75% Corp. Corp. Corp. Corp. 3,240 3,254 Avarege Cost
Slide 15: Cash Generation
CASH GENERATION* (R$ Million) Cash generation of R$22 million in the quarter -87% 22 34 34 -12 181 -47 -35 -48 -100 -13 2Q22 2Q23 1Q23 6M22 6M23 Non Recurring *Ex dividend payment and buyback program.
Slide 16: Contact IR
CONTACT IR Cyrela Brazil Realty S.A. Empreendimentos e Participações Av. Brigadeiro Faria Lima, 3.600, 12th Floor São Paulo - SP – Brasil CEP 04548-142 Investor Relations ri@cyrela.com.br www.cyrela.com.br/ir Índice De Dividendos IDIV Statements contained in this press release may contain informatio
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