Melnick Desenvolvimento Imobiliario Sa · BMFBOVESPA:MELK3

Melnick Desenvolvimento Imobiliario Sa — Q2 2021 Earnings Presentation

14 slides from Melnick Desenvolvimento Imobiliario Sa's earnings presentation, Aug 10, 2021

  1. Slide 1: Earnings Release 2Q21

    Earnings Release 2Q21 August 10. 2021 metnick 5O

  2. Slide 2: 2Q21 Highlights

    2Q21 HIGHLIGHTS melnick 5 D ‘#\ Launches’ 2021SOS Sail Gross Margin Stabilizations Viability ——Actual Inventory margin 29,3% Back log margin 27,9% jan mar jun In the 6 months we launched R$605 million. practically Even with launches still with 100% swaps for land acquisition. ourinventory margin gre

  3. Slide 3: Launches

    LAUNCHES Gross PSV) Melnick’s PSV Projects Business (R$ 000) (R$ 000) Unit(2 Segment 1st quarter Go Rio Branco R.E. 93.933 71.394 183 Residencial Grand Park Linddia - F3 R.E. 117158 89.599 190 Residencial Casa Viva LOT 77721 43.582 332 Lot development Botanique R.E. 181.676 130.346 103 Residencial 2

  4. Slide 4: Launches

    LAUNCHES RIO BRANCO GO : Py Sa : ees SEEN RS71 mm of PSV RS90 mm of PSV RS$44 mm of PSV RS130 mm of PSV RS$98 mm of PSV 73% sold until 2Q21 39% sold until 2Q21 100% sold until2Q21 30% sold until2Q21 12% sold until2Q21 Earnings Release | 2Q21 | August 10. 2021

  5. Slide 5: Net Sales

    NET SALES melnick 5 —— Opening per quarter (Melnick’s share - RS’'000): ——— Total sales in the quarter: (R$’000): mmm Launch Sales Inventory Sales Inventory SOS <1 Sales (partners) ™ Sales (Melnick's share) —Launch SOS — Quarterly SOS 361 62% -- 93 - 12% 6M20 6M21 244 aes . . 0, . Distribution by bu

  6. Slide 6: Inventory

    INVENTORY metnick 5 Muto mais que morar ANOS. — Opening by year of completion (Melnick's share- R$ '000): — | ———— Finished inventory (Melnick's share- R$ '000): ———— ™PSV of concluded units = PSV of units under construction P74 18 927 75% under construction 903 and 229 88% will be delivered in 2022

  7. Slide 7: 2Q21 Delivery

    2Q21 DELIVERY 190 units Gross PSV: R$121 mm Melnick’s PSV: RS90 mm aS = at Stn ae in

  8. Slide 8: Land Bank

    LAND BANK Changes in the land bank in the quarter (potential PSV in RS’000): =i Form of acquisition: Cash mSwap PSV 1Q21 2Q21 Acquisitions Launch and other PSV 2Q21 Ej E RS 3.6 bi of potencial PSV (Melnick’s share) Fa 38 lands or phases af | a | | a a ~)- RS 1.1 bi of projects approved for lauch E i

  9. Slide 9: Financial Performance

    FINANCIAL PERFORMANCE melnick SO Evolution of Net Revenue: Evolution of Gross Profit and Gross Margin: EEE Gross Profit (R$ million) mmm Net Revenue (R$ '000) —— POC Progress — Gross Margin (ex-financing) Average of POC progress —®- Gross Margin (ex-financing and INCC efect)* 36.5% 28,4% 261% 261% :

  10. Slide 10: Provision for Cancellation

    PROVISION FOR CANCELLATION melnick SO Breakdown Provision for Cancellations (PSV R$’000): 159 149 compliant 102 Provision for defaulters Prov. of cancelations Customer cancellations Provision for Other Prov. of cancelations 1Q201Balance Sheet past due compliant movements 2Q21 Balance Sheet Provision

  11. Slide 11: Expenditure Structure

    EXPENDITURE STRUCTURE —— Evolution of General and Administrative Expenses: ——— ——_——— Evolution of Selling Expenses: mm G&A (R$'000) ——G8&A/ROL(LTM) "=m Selling (RS'000) +—Selling/ROL(LTM) +29% +54% 8% 8% 22 o% 21 % 7% oy 5% ee 8 7 12 12 10 14 10 7 6 6 [| l i 2Q20 3Q20 4Q20 1921 2Q21 6M20.~— 6M 21 2

  12. Slide 12: Capital Structure and Cash Generation

    CAPITAL STRUCTURE AND CASH GENERATION melnick SO Leverage: Cash generation/cash burn: Po 06/30/2021 a a 2Q20 3Q20 4Q20 1921 2Q21 (RS 000) Initial net debt 104.3 (14.7) (595.4) (622.3) (603.4) Financing to production - SFH 64.6 99% Final net debt (14.7) (595.4) (622.3) (603.4) (568.2) Ni iati 119.1 7

  13. Slide 13: Thank You!

    THANK YOU! Sign up our mailing list and stay updated on Melnick. ri.melnick.com.br Vinicius Mastrorosa - CFO and IRO Maria Luiza - Controller and RI Manager (s) +55 (51) 3016-9083 (e) ri@melnick.com.br 13

  14. Slide 14: Disclaimer

    DISCLAIMER \ y This presentation provides general background information about Melnick Desenvolvimento Imobiliario S.A.. and . its subsidiaries (jointly “Melnick” or “Company”) on the date of this presentation. It was prepared exclusively for \ presentations related to the disclosure of the Company'

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