2Q24
Webcast
São Paulo, August 02nd, 2024
The simultaneous translation function into English will be available during the company's presentation. You can select the English audio on the right side at the bottom of the screen.
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Webcast 2Q24 | |||||||
LAUNCHES | Evolution for Launches %EZTEC | 4Q | |||||
R$ Million | |||||||
Villares | 1.783 | 3Q | |||||
2Q | |||||||
Parada Inglesa | 469 | ||||||
1Q | |||||||
PSV % EZTEC : | R$ 137.7 mn | 1.231 | |||||
1.151 | |||||||
% Sold: | 93.2% | 381 | 490 | 410 | 987 | ||
414 | 300 | 646 | |||||
206 | 85 | ||||||
460 | 188 | ||||||
475 | |||||||
564 | 489 | 458 | |||||
253 | 28 | ||||||
127 | |||||||
2020 | 2021 | 2022 | 2023 | 2024 |
% Sold from Launches
Brooklin Studios by Lindenberg
PSV % EZTEC : R$ 50.6 mn % Sold: 61.8%
Private área (sqm)
162,954 | 170,858 | Sold | ||
137,786 | Inventory | |||
66,722 | 76,574 | |||
82% | 79% | |||
67% | ||||
69% | 51,4% | |||
3 | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
Webcast 2Q24
UPCOMING LAUNCHES*
Lindenberg Alto das Nações
PSV %EZTEC: R$ 569.7 millions
Location: Santo Amaro - South Zone
Standard: High-end
Stake: 95% EZTEC
Units: 216
Preliminary images
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**Based on current expectations. The values expressed may differ from the final.
Webcast 2Q24
OPERATIONAL PERFORMANCE
Net sales description (2Q24)
Quarterly sales evolution | 556 Gross Sales | High end | |||
R$ Million | |||||
487 | Net Sales | ||||
Middle-high end | |||||
508 | |||||
344 | |||||
419 | 322 | Smart-living | |||
255 | |||||
279 | 291 | Low end | |||
206 | Medium end | ||||
Commercial | |||||
2Q23 | 3Q23 | 4Q23 | 1Q24 | 2Q24 |
R$ Million | ||
39 | 150 | 68 |
3 31
22 5
23 8
43 | 123 | Performed | |
Under construction
5,4 | Lauches |
Net sales description (2Q24)
Quartely cancellations evolution | R$ Million | |||||
R$ Million | ||||||
67 | 65 | Lauches | ||||
63 | 49 | 48 | Cancellation | |||
54 | 31 | 43 | Cancellation | Under construction | ||
41 | Adjusted* | |||||
31 | ||||||
Performed | ||||||
2Q23 | 3Q23 | 4Q23 | 1Q24 | 2Q24 |
*Excluding upgrades. downgrades and transfers.
222
151
135
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Webcast 2Q24
84% private area of units sold
DELIVERY - Fit Casa Estação José Bonifácio
DELIVERIES
PROJECT´S INFORMATIONS | %EZTEC | SPE | Type | % Private Area Sold | PSV %EZ (R$ MN) | |
2Q24 | 81.3% | 150.7 | ||||
Fit Casa Estação José Bonifácio | 100% | Bartira | Consolidated | 84.2% | 135.1 | |
Fit Casa Estação Oratório | 100% | Santa Laura | Consolidated | 50.5% | 15.6 | |
3Q24 (E) | 66.7% | 191.9 | ||||
Signature | 50% | Itatiaia | Equity | 76.8% | 97.3 | |
In Design Ipiranga | 100% | Catalao | Consolidated | 22.4% | 66.5 | |
ID Paraíso | 50% | Itatiaia | Equity | 90.6% | 28.1 | |
4Q24 (E) | 81.7% | 421.6 | ||||
Dream View Sky Resort | 100% | Santa Laura | Consolidated | 61.3% | 252.7 | |
Pin Osasco - 1ª Fase | 60% | Criciuma | Equity | 90.1% | 41.3 | |
Villa Nova Fazendinha | 60% | Granja Viana I | Equity | 99.2% | 84.1 | |
Pin Osasco - 2ª Fase | 60% | Criciuma | Consolidated | 85.1% | 43.5 | |
YEAR-TO-DATE | (E) | 78.8% | 764.2 | |||
Reduction in deliveries expected by 2024, with 80% of units sold
Annual evolution of the PSV delivered and its percentage sold as a % of the private area
% Sold | PSV in Inventory | 1.828 | 2.307 | |||||||||||||||||||||||||
89% | 72% | 1.163 | ||||||||||||||||||||||||||
748 | 768 | 764 | ||||||||||||||||||||||||||
435 | 98% | 96% | 458 | |||||||||||||||||||||||||
millionR$ | 79% | 61% | ||||||||||||||||||||||||||
99% | 6 | |||||||||||||||||||||||||||
23% | ||||||||||||||||||||||||||||
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Webcast 2Q24
INVENTORY
R$ 2.9 BI
In PSV of INVENTORY %EZ | |
With sales higher than launches, the Company reduces inventory to R$ 2.5 billion | 77% of the inventory under construction is in the South Zone |
Change in Total Inventory - R$ million | PSV of inventory by region - %EZTEC |
R$ million | |||||||||||
646 | South Zone | 286 | 1.183 | 178 | |||||||
79 | 47 | ||||||||||
East Zone | 72 | 181 | 122 | ||||||||
878 | |||||||||||
West Zone | 24 | 169 | |||||||||
2.843 | 2.664 | 2.558 | Guarulhos | 167 | |||||||
Osasco | 19 | 11 | Performed | ||||||||
Under Construction | |||||||||||
2022 | 2023 | Launches | Gross Sales | Cancellations | Prices Variation | 2Q24 | Others | 16 | 13 | Launches |
Inventory by project status | Inventory by project status |
R$ million
Residential
Commercial
Units
R$ 584 | R$ 1.544 | R$ 313 | Residential |
R$ 117 PerformedCommercial
Under construction
Launches
835 | 1.471 | 384 |
119 | Performed | ||
Under construction | 7 | ||
Launches
Webcast 2Q24
LANDBANK
Reduction in PSV is due to launches in the quarter
Evolution of the Landbank and future projections
R$ 9.3 BI
In PSV for FUTURE PROJECTS %EZ
São Paulo Metropolitan Region
5 plots
5 plots
R$ 1.7 Bi
5.072 | |
303 | |
188 | |
14.328 | |
9.142 | 9.256 |
R$ 1.2 Bi
3 plots
R$ 1.6 Bi
12 plots
R$ 4.7 Bi
64.4% of plots with PSV are bigger than R$ 200 million
R$ million | ||||||||||||||
1Q24 | Launches | Acquisitions | Changes in prices | 2Q24 | Suspensive | 2024E | ||||||||
Clauses¹ |
¹Land encumbered with express resolutory clauses, linked to the legal and technical due diligence to be carried out by EZTEC.
- R$500 million R$200 - R$500 million R$100 - R$200 million R$50 - R$100 million
- R$50 million
Under development…
7
9
6
2
1
9 | 8 |
Webcast 2Q24
1Q24 - FINANCIAL PERFORMANCE
Net Revenue
R$ Million | ||||
416 | ||||
338 | ||||
243 | 252 | 239 | ||
3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 |
Equity Income & % of Net Profit
R$ Million and %
66%
50
36% | ||||
25% | 20% | 26% | ||
21 | 23 | |||
14 | 11 | |||
3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 |
Gross Profit and Margin
R$ Million and % | ||||
32% | 32% | 33% | 34% | 31% |
113 | 128 | |||
79 | 81 | 82 | ||
3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 |
Commercial and Administrative expenses
R$ Million
77
66 | 64 | 67 |
56
3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 |
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Webcast 2Q24
RESULT TO BE RECOGNIZED
Result to be Recognized- Consolidated + Equity
R$ Million
38% | 38% |
606 | 579 |
22% | 28% |
78% | 72% |
40% | 41% | Margin to be Recognized |
39% |
571 | 549 | 610 | |
26% | 28% | ||
27% | |||
Equivalência | |||
74% | 73% | 72% |
Consolidado
2Q23 | 3Q23 | 4Q23 | 1Q24 | 2Q24 |
Result to be Recognized - Consolidated
R$ Million
37% | 38% | 38% |
435427418
Result to be Recognized - Equity
R$ Million
39% | 40% | 42% | 41% | 42% | 44% | 44% |
395 | 410 | 200 | ||||
171 | ||||||
152 | 153 | 154 | ||||
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2Q23 | 3Q23 | 4Q23 | 1Q24 | 2Q24 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2Q24 |