Cyrela Brazil Realty Sa Empreendimentos E Participacoes · BMFBOVESPA:CYRE3

Cyrela Brazil Realty Sa Empreendimentos E Participacoes — Q1 2023 Earnings Presentation

16 slides from Cyrela Brazil Realty Sa Empreendimentos E Participacoes's earnings presentation, May 12, 2023

  1. Slide 1: Results 1Q23

    SULTS 1023 MAY 12, 2023 CYRELA

  2. Slide 2: Participants

    PARTICIPANTS RAPHAEL HORN CO-CEO MIGUEL MAIA MICKELBERG CFO AND INVESTOR RELATIONS OFFICER

  3. Slide 3: Cyrela's Highlights

    CYRELA’S HIGHLIGHTS  Launches of R$1,345 million in 1Q23, 30% higher vs 1Q22 and 52% down from 4Q22.  Pre-Sales of R$1,545 million in 1Q23, 18% up from 1Q22 and 43% down from 4Q22.  Net revenues of R$1,283 million in 1Q23, 6% lower than the R$1,371 million in 4Q22 and 4% up from the R$1,232 milli

  4. Slide 4: Operating Figures

    OPERATING FIGURES

  5. Slide 5: Cyrela's Launches

    CYRELA’S LAUNCHES  R$1,345 million in 1Q23, 30% higher vs 1Q22 and 52% down from 4Q22.  8 projects launched in the quarter. Launches PSV (100%) Ex-swap (%CBR) Launches per Region 2023 (100%) (R$ milhões) (R$ milhões) +23.9% -39.3% +29.6% -52.3% 1,442 Others 2,821 21.3% 1,511 875 706 1,345 1,038 68

  6. Slide 6: Cyrela's Pre-Sales

    CYRELA’S PRE-SALES  %CBR of 75% in the quarter.  Launches sales in the quarter represent 31% of total sales. Pre – Sales Ex- Pre – Sales by Region 2023 Pre – Sales (100%) Swap (%CBR) (100%) (R$ million) (R$ million ) (100%) +17.7 % -42.6 % +8.6 % -27.1 % 2,691 1,508 Others 23.3% 1,421 1,100 1,012

  7. Slide 7: Sales Speed

    SALES SPEED  The LTM SOS of 1Q23 reached 49.0%. Sales Speed (12 month period) Sales by Launch Vintage 47.7% 49.0% 46.1% 5% 43.2% 44.3% 1Q22 51% 12% 74% 2% 5% 2Q22 32% 26% 7% 5% 70% 3Q22 41% 15% 8% 64% 4Q22 58% 7% 66% 1Q23 36% 1Q22 2Q22 3Q22 4Q22 1Q23 In 3 months In 9 months In 15 months In 6 months

  8. Slide 8: Inventory

    INVENTORY  R$8,694 million in PSV inventory at market value (R$6,949 million %CBR). Change in Inventory (R$ million) Inventory Breakdown 2023 -4.1% 9,069 Others -479 -936 1,345 -176 7.4% -130 South -1,066 12.5% 8,694 16.6% 55.3% São Paulo Rio de Janeiro 8.1% São Paulo - Other Cities Inventory Sales

  9. Slide 9: Finished Inventory

    FINISHED INVENTORY  R$1,248 million in PSV finished inventory at market value (R$1.029 million %CBR). Change in Finished Inventory (R$ million) Finished Inventory Breakdown 2023 +4.1% 1,248 Others 1,199 -32 210 9.2% -130 São Paulo 34.8% South 22.4% 11.2% 22.3% São Paulo - Other Cities Rio de Janeir

  10. Slide 10: Delivered Units

    DELIVERED UNITS Delivered PSV – by Region (100%) Delivered PSV – by Segment (100%) (R$ million) (R$ million) +41.0% -14.1% +41.0% -14.1% 1,277 1,277 97 1,098 1,098 136 65 601 231 418 779 779 85 272 1,044 345 433 802 723 422 335 244 56 1Q22 1Q23 4Q22 1Q22 1Q23 4Q22 Other South Rio de Janeiro São Paul

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: Financial Results

    FINANCIAL RESULTS Gross Profit and Gross Margin Net Revenues (R$ million) (R$ million) +2.8% -8.4% Margin +4.2% -6.4% 31.1% 30.7% 31.4% 1,371 1,232 1,283 394 431 384 1Q22 1Q23 4Q22 1Q22 1Q23 4Q22 Net Income and Net Margin (R$ million) +1.1% -21.2% Margin 15.2% 13.1% 12.7% 208 162 164 1Q22 1Q23 4Q22

  13. Slide 13: Profitability

    PROFITABILITY ROE LTM 14.7% 12.3% 12.7% 12.5% 12.3% 1Q22 2Q22 3Q22 4Q22 1Q23  The Return on Equity (Net Income LTM / Equity average LTM ex-minorities) attained 12.3%.

  14. Slide 14: Liquidity and Debt

    LIQUIDITY AND DEBT  Net Debt / Total Equity attained 6.5%. Debt Overview Indicators Total Debt Corporate Debt (R$ Million) Net Debt / Equity 6.5% Average Term 3.0 anos 3.3 anos 4,640 4,546 4,546 4,419 Short Term 23% 21% 1,048 3,435 Long Term 77% 79% Corp. Corp. Short Corp. 3,434 3,254 Avarege Cost

  15. Slide 15: Cash Generation

    CASH GENERATION* (R$ Million) -33.8% -34.9% 22 181 -35 -77 -53 -54 1Q22 1Q23 4Q22 Non Recurring  Cash burn of R$35 million in 1Q23 *Ex dividend payment and buyback program.

  16. 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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