Melnick Desenvolvimento Imobiliario Sa · BMFBOVESPA:MELK3
Melnick Desenvolvimento Imobiliario Sa — Q1 2024 Earnings Presentation
18 slides from Melnick Desenvolvimento Imobiliario Sa's earnings presentation, 2024
Slide 1: Release of Results 1Q24
metnick Release of Results 1Q24
Slide 2: Notice 4Q23 Results
Notice 4Q23 Results We represent and warrant that any information contained in this presentation and any statement made during the videoconference, concerning the business perspectives, forecasts, and operating and financial goals of Melnick are based on the Management’s beliefs and assumptions, and
Slide 3: Rain in Rio Grande do Sul
3 Rain in Rio Grande do Sul Canoas Canoas Eldorado Eldorado Porto Alegre Porto Alegre Source: G1.globo
Slide 4: Four action fronts to save, assist, and shelter people
Four action fronts to save, assist, and shelter people: - Logistics for receiving and distributing donations such as fuel for aircraft and helicopters, and others. - Permanent infrastructure and maintenance of two partnering shelters. - Participation in rescues in Eldorado do Sul and Porto Alegre, a
Slide 5: Impacts occurred and future impacts
Impacts occurred: Future impacts: Works: - Impact on the deadline of works: under analysis. - Of the 18 active construction sites, only 3 were - Impact on the deadline of future launches. affected, with no significant damage. - Sites closed on 5/6 and reopened on 5/13. Customers: - 10,000 active cus
Slide 6: Highlights
Highlights 1Q24 Results Growth Soundness Financial • A record in quarterly net sales (% • Solid cash position of R$ 455 Growth when compared to 1Q2023. Melnick) totaling R$ 372 million, a million. 22% increase over 1Q23. • Gross Margin +33%. • R$ 51 million in cash generation. • Launches totaled R$
Slide 7: Launches
Launches 1Q24 Results Business Unidade PSV VGV100% Total¹1 Melnick PSV2 VGV Melnick² Usable area Área Útil 3 3 3 Average Price of Valor Médio Project Empreendimento Unit Unid. 3 Segment Segmento deunit negócio (R$ (R$ mil) (R$ (R$ mil) (m²) (m2) Unit (R$ Unidade (R$ mil) High Garden High Garden RioR
Slide 8: Launches 1Q2024
Launches 1Q2024 1Q24 Results PSV 100%¹: R$ 432.4 M PSV 100%¹: R$ 241.2 M PSV Melnick²: R$ 390.5 M PSV Melnick²: R$ 226.7 M Units³: 34 Units³: 130 8
Slide 9: Net Sales
Net Sales 1Q24 Results Breakdown by quarter: Breakdown of business units sold (% Melnick – R$ (% Melnick – R$ million): million): Urban Development 1,7% SoS of Launches Launch Sales (%Melnick) Inventory SoS Inventory Sales (%Melnick) Quarterly SoS 84% 38% 36% 29% 20% 24% 98,3% 19% 14% Homebuilder 9%
Slide 10: Deliveries
Deliveries – (% Melnick) 1Q24 Results Units 183 98% sold Gross PSV R$ 93.9 million Net PSV R$ 71.4 million ENTREGA ENTREGA ENTREGA ENTREGA 4T26 3T25 3T25 4T25 10
Slide 11: Inventory (% Melnick)
Inventory (% Melnick) 1Q24 Results Breakdown of inventory by year of completion Finished Inventory Inventory under Construction Finished Inventory - Sale Finished Inventory - Lease Fineshed Inventory Fineshed Leased Inventory 46% in finished inventory for immediate sale and 54% leased 1.219 57 71 3
Slide 12: Landbank
Landbank 2023 1Q24 Results Landbank breakdown (%Melnick) Operating in 10 cities in Rio Grande do Sul. High Middle and Upper middle R$ 4.7 B in total PSV Lots Development Affordable and Emergent R$ 3.2 B in potential PSV (% Melnick), 15% 19% acquired in cash. 30% Distributed in 34 plots or phases. 24
Slide 13: Financial Indicators
Financial FINANCIAL Indicators INDICATORS 1Q24 Results Net revenue breakdown: Gross Income and Gross Margin Breakdown: Net Revenue (R$ million) Net Income (R$ million) Gross Margin (ex-financing) +33% 384 28.7% 25.3% 23.8% 299 19.0% 259 17.5% 242 245 +6% +6% 104 51 51 54 38 1Q23 2Q23 3Q23 4Q23 1Q24
Slide 14: Financial Soundness
Financial Soundness 1Q24 Results Financial Structure Cash Generation 1T23 2T23 3T23 4T23 1T24 1Q23 2Q23 3Q23 4Q23 1Q24 Production SFH -185,0 -238,0 -268,2 -278,0 -285,8 Initial Net Debt 187,7 183,1 181,2 165,7 115,0 Production CRI -0,8 -0,6 -14,0 -7,3 -2,6 Final Net Debt 183,1 181,2 165,7 115,0 166,
Slide 15: Dividend history
Dividend history 1Q24 Results Allocation of the Dividends approved between 2021 and earnings 2023 account for 21% of the equity Payout 100% Payout Payout 103.9 96% 100% IPO 82.9 84.4 41.4 Approved in AUG/E Average payout 90% Track record of 15 years distributing 74,4 80,3 dividends. 57,3 1.4 2008 -
Slide 16: FAQ
FAQ INSTRUCTIONS FOR THE FAQ To ask a question, please click the #Raise hand# icon or enter your question and send it via #Q&A# icon on the bottom of your screen. Because of the dynamics, we will announce your names and ask you to make your questions. At this time, a request to turn your micro
Slide 17: Thank You!
THANK YOU! Subscribe to our mailing and get the latest news about Melnick. IR CONTACTS CFO AND IR OFFICER Juliano Melnick CAO AND IR OFFICER Joelson Boeira IR SPECIALIST Anderson Stefani ri@melnick.com.br | ri.melnick.com.br 17
Slide 18: metnick
metnick
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