Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q1 2024 Earnings Presentation

16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, May 15, 2024

  1. Slide 1: Results 1Q24

    SULTS 1024 MAY 1074, 2024 CYRELA

  2. Slide 2: Participants

    PARTICIPANTS MIGUEL MAIA MICKELBERG CFO AND INVESTOR RELATIONS OFFICER IURI CAMPOS SR. INVESTOR RELATIONS MANAGER

  3. Slide 3: Operating Figures

    OPERATING FIGURES

  4. Slide 4: Cyrela's Launches

    CYRELA’S LAUNCHES  R$1,700 million in 1Q24, 26% higher vs 1Q23 and 38% down from 4Q23.  9 projects launched in the quarter. Launches PSV (100%) Launches PSV Ex-swap (%CBR) (R$ Million) (R$ Million) +26% -38% +37% -30% 2,744 1,716 1,491 1,195 1,700 1,345 875 1,021 688 901 216 228 327 451 352 113 1Q

  5. Slide 5: Highlights: La Isla Residence Club

    HIGHLIGHTS LA ISLA RESIDENCE CLUB  R. Dona Delfina, 71 - Rio de Janeiro - Tijuca – RJ  PSV: R$501 million  Units: 474 Access the project website: La Isla Residence Club Swimming Pool Project’s Façade

  6. Slide 6: Cyrela's Pre-Sales

    CYRELA’S PRE-SALES  Net pre-sales totaled R$2,147 million in 1Q24, 39% up from 1Q23 and 17% lower than 4Q23.  %CBR of 79% in the quarter. Pre – Sales (100%) Pre – Sales Ex-Swap (%CBR) (R$ Million) (R$ Million) +39% -17% +43% -14% 2,593 1,825 1,577 2,147 1,255 1,545 1,100 1,210 734 838 282 411 229

  7. Slide 7: Sales Speed

    SALES SPEED  The LTM SOS of 1Q24 reached 50.5%. Sales Speed (12 month period) Sales by Launch Vintage 50.5% 2Q22 32% 26% 7% 5% 76% 49.0% 48.1% 47.9% 47.2% 2% 1% 2% 2% 3Q22 41% 15% 8% 5% 4% 80% 4% 4% 4Q22 58% 7% 5% 3% 79% 3% 2% 1Q23 36% 21% 7% 6% 69% 0% 2Q23 40% 14% 6% 63% 3% 3Q23 46% 15% 8% 69% 1Q2

  8. Slide 8: Inventory

    INVENTORY  R$9,478 million in PSV inventory at market value (R$7,095 million %CBR). Change in Inventory (R$ Million) Inventory Breakdown 1Q24 -5% 9,934 Other -900 -1,069 1,700 -9 16% -177 -1,247 South 11% 9,478 55% São Paulo 18% Rio de Janeiro Inventory Sales of Launches Sales of Price Inventory 4Q

  9. Slide 9: Finished Inventory

    FINISHED INVENTORY  R$1,417 million in PSV finished inventory at market value (R$1,171 million %CBR). Change in Finished Inventory (R$ Million) Finished Inventory Breakdown 1Q24 -11% 1,586 -177 1,417 Other 8 0 20% São Paulo 28% 26% South 26% Rio de Janeiro Finished Sales of PSV Delivered Price Fini

  10. Slide 10: Delivered Units

    DELIVERED UNITS  6 projects delivered in 1Q24, totaling PSV of R$676 million on the dates of their respective launches. Delivered PSV – by Segment (100%) Delivered PSV – by Region (100%) (R$ Million) (R$ Million) -38% -68% -38% -68% 2,093 2,093 1,035 1,472 1,098 1,098 418 401 676 676 802 345 339 31

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: Financial Results

    FINANCIAL RESULTS  Net revenues of R$1,573 million in 1Q24.  Gross margin of 31.4% in the quarter. Net Revenues Gross Profit and Gross Margin (R$ Million) (R$ Million) +23% -8% 1,710 33.7% 1,573 31.4% 30.7% 1,283 +25% -14% 577 494 394 1Q23 1Q24 4Q23 1Q23 1Q24 4Q23 Gross Margin

  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 14.5%. Net Income and Net Margin ROE LTM (R$ Million) 17.0% 14.5% 14.5% 12.7% 13.8% 13.5% 12.8% 12.3% +63% +8% 267 248 164 1Q23 1Q24 4Q23 1Q23 2Q23 3Q23 4Q23 1Q24 Net Ma

  14. Slide 14: Liquidity and Debt

    LIQUIDITY AND DEBT  Net Debt / Total Equity attained 8.8%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) 5,073 Net Debt / Equity 8.8% 4,786 4,786 4,478 4,546 Short 822 Average Term 2.8 y 3.0 y Corp. Short Term 17% 20% Corp. Corp. 3,325 Long Term 83% 80% 3,146 3,254 4,048 Long Avar

  15. Slide 15: Cash Generation

    CASH GENERATION* (R$ Million)  Cash generation of R$130 million in the quarter. 130 35 181 95 -35 -94 1Q23 1Q24 4Q23 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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