São Paulo, January 20, 2015 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), a builder and developer with operations in the states of São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais, focused on residential developments with units priced above R$250,000, announces its preliminary and unaudited data for launches, sales, land acquisitions and deliveries in the fourth quarter of 2014.
Launches¹Seven projects were launched in the fourth quarter, totaling R$1,014 million (Even's share), bringing 12M14 accumulated launch value to R$2,079 million (Even's share).
Launches in 4Q14 Region Total PSV (R$ thousand)
PSV Even
(R$ thousand)
Usable Area
(sqm)
Units
Average
Unit Value
(R$ thousand)
Segment
Up Barra RJ 194,736 194,736 36,121 568 343 Emerging RG Personal Residences (2nd phase) RJ 63,108 63,108 8,442 96 657 Middle Portal Centro SP 153,481 153,481 22,538 399 385 Emerging Martese Alto da Lapa SP 299,310 299,310 31,162 192 1,559 Upper Hotel Ibis SP 208,587 208,587 7,451 369 565 Commercial Ato RS 63,296 50,636 2,595 22 2,877 Upper Viva Vida Boulevard RS 55,407 44,326 4,809 159 348 Emerging
Launches (Even's share) Launches (partners)
Launches (partners) Total (R$ million)
467
1,232
1,6991,232
704118
586
2934
289
1,03824
1,014
508
2,423
2,225146
2,079
4Q13 1Q14 2Q14 3Q14 4Q14 2013 2014¹ Unaudited management figures, subject to alteration. Page 1 of 3
Sales¹Contracted sales came to R$508 million (Even's share), R$368 million (72%) of which from projects launched in the quarter and the remainder, R$140 million (28%), from units in inventory. The period sales- over-supply ratio (VSO) stood at 14%.
Inventory Sales Launch Sales VSO
Accumulated Sales (R$ million)
238 281 251 245
140
4Q13 1Q14 2Q14 3Q14 4Q14 2013 2014 Land Bank¹We acquired five new sites in the fourth quarter, with a combined PSV of R$753 million (Even's share). YTD, we acquired 30 sites, with a combined PSV of R$3,631 million. As a result, our land bank closed 4Q14 with PSV of R$6.1 billion (Even's share).
Land acquisition PSV (Even's share) # of sites acquired
SP RJ RS # of sites acquired
1
894
1,103
1,249
5525
753
1 1 2
5 57 7 3 2
1
1 2
4Q13 1Q14 2Q14 3Q14 4Q14 4Q13 1Q14 2Q14 3Q14 4Q14¹ Unaudited management figures, subject to alteration. Page 2 of 3
Deliveries¹In 4Q14, we delivered seven projects comprising 1,618 units, equivalent to a launch PSV of R$582 million (Even's share). As a result, in 12M14 we delivered 36 projects, totaling launch PSV of R$2.3 billion (Even's share) and 7,057 units.
Delivered PSV (Even's share)² Delivered PSV (partners)² # of projects
16310
# of projects
Delivered PSV (partners)²
Delivered PSV (Even's share)²
36 7144 21
913
7 78
582
31755
1,431
498
2,261
333 367
398
4Q13 1Q14 2Q14 3Q14 4Q14 2013 2014² Figure in R$ million, considering the sales price at time of launch.
¹ Unaudited management figures, subject to alteration. Page 3 of 3
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