EZTEC Empreendimentos e Participações S A : 1Q24 Webcast

1Q24

Webcast

São Paulo, May 3th, 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.

LAUNCHES 1Q24

Annual Evolution for Launches %EZTEC

Facade: Mooca Città - Milano

Mooca Città

Milano & Firenze

R$ MM			4Q
		1,783	3Q
		2Q
		469
			1Q
1,151	1,231
381	490	410	987

VGV % EZTEC : R$ 175 mi

% Vendido: 25%

Facade: Mooca Città - Firenze

206			414	300
		85	458
564	460				475
489
253
				458
	28				127
2020	2021		2022	2023	2024

		% Sold from Launches
		Private area
		1,151	1,783
			1,231
Lindenberg			1,231
Vista Brooklin	78%		77%	987	458
VGV % EZTEC :	R$ 243 mi	67%
% Vendido:	19%				69%	23%
		2020	2021	2022	2023	2024
Lindenberg Vista Brooklin			Sold	Inventory

UPCOMING LAUNCHES*

2024

Preliminary images

VILLARES Parada Inglesa

PSV %EZTEC: R$ 140 MM

Location: Parada Inglesa - North

Zone

Standard: Middle-end

Stake: 75% EZTEC

Units: 373

% Sold: 68%

Brooklin Studios by Lindenberg

PSV %EZTEC: R$ 50.6 MM

Location: Brooklin - South Zone

Standard: Smart-living

Stake: 75% EZTEC

Units: 210

Preliminary images

*Based on current expectations. The values expressed may differ from the final. ** Until the date of this presentation

OPERATIONAL PERFORMANCE

Quarterly sales evolution

Quartely Net Sales Evolution

R$ Million					R$ Million
	487					419
414
				366
		344		333
	419
366		255	Gross Sales			279		303
		Net Sales
		279		303				206
			206
1Q23	2Q23	3Q23	4Q23	1Q24	1Q23	2Q23	3Q23	4Q23	1Q24
		Gross Sales		Net Sales

Quartely cancellations evolution	% Sold from Launches
Private area
R$ Million

Cancellations evolution	67	65			1,151	1,783
48			49			1,231
63
	54
			31 Cancellations				987
			41	Adj. Cancellations*	78%		77%	458
				67%
26							69%
								23%
1Q23	2Q23	3Q23	4Q23	1Q24	2020	2021	2022	2023	2024
						Sold	Inventory

*Excluding upgrades, downgrades and transfers*

79% private area of units sold

Delivery - Fit Casa Estação José Bonifácio

DELIVERIES

	PROJECT´S INFORMATIONS	%EZTEC	SPE	Type	% Private Area Sold	PSV %EZ (R$ MM)
	2Q24						76.2%			178,8
	Fit Casa Estação José Bonifácio	100%	Bartira	Consolidated		78.7%			135,1
	Fit Casa Estação Oratório	100%	Santa Laura	Consolidated		48.5%			15,6
	3Q23						66.3%			163,8
	Signature	50%	Itatiaia	Equity		77.9%			97,3
	ID Paraíso	50%	Itatiaia	Equity	89.8%		28,1
	In Design Ipiranga	100%	Catalão	Consolidated	18.6%		66,5
	4Q24						79.4%			421,6
	Dream View Sky Resort	100%	Santa Laura	Consolidated		62.1%			252,7
	Pin Osasco - 1ª Fase	60%	Criciuma	Equity		85.2%			41,3
	Villa Nova Fazendinha	60%	Granja Viana I	Equity		96.7%			84,1
	Pin Osasco - 2ª Fase	60%	Criciuma	Consolidated		78.1%			43,5
	YEAR-TO-DATE					76.2%			764,2

Reduction in deliveries expected by 2024, with 76% of units sold

Annual evolution of the PSV delivered and its percentage sold as a % of the private area

															2.307
		% Sold		PSV in Inventory			1.828
									85%					71%
														1.163
				748	768	764
		435	98%	95%												458
million	76%				52%
99%
R$
																							23%

2020

2021

2022

2023

2024

2025

2026

2027

INVENTORY

With the increase in launches, the company has increased its inventory level

Change in Total Inventory

	458	178
					31
			333
2.843	2.664		2.997

R$ milhões

2022

2023

Launches

Gross Sales

Cancellations

Prices Variation

1Q24

R$ 2.9 B

In PSV of INVENTORY % EZ

80% of the inventory under construction is in the South Zone

PSV of inventory by region - %EZTEC

	R$ milhões
South Zone		1.397	194
377
East Zone	41 172	233
Guarulhos	221	0
West Zone	23	165
			Performed
Osasco		16
27				Under Construction
Others	13					Launches

Inventory by Project Status			Inventory by Project Status
R$ MM					Units
Residential	R$ 704		R$ 1,750	R$ 427	Residential	817		1.807	352

Commercial

R$ 116

Commercial

121

Performed

Under construction

Launches

Performed

Under construction

Launches

LANDBANK

Reduction in PSV is due to launches in the quarter

Evolution of the Landbank and future projections

					4.682
			233
	458					13.824
9.366				9.142
R$ million
4Q23	Launches	Acquisitions	Changes in prices	1Q24	Suspensive Clauses¹	2024E

¹Land encumbered with express resolutory clauses, linked to the legal and technical due diligence to be carried out by EZTEC.

R$ 9.1 B

In PSV for FUTURE PROJECTS %EZ

São Paulo Metropolitan Region

1 plot

R$ 0.1 B		5 plots

R$ 1.6 B

5 plots

R$ 1.2 B

3 plots

R$ 1.7 B

13 plots R$ 4.5 B

Landbank standard by type of project

Quantity of Landbank by PSV

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

> R$500 million

R$200 - R$500 million

R$100

- R$200 million

High

end

Medium-high end

Middle end

Fit Casa

EZ Inc

R$542

R$2.907

R$2.763

R$ 2.492

R$76

R$50

- R$100 million

< R$50 million

EZTEC R$ 6,211

Under development

(No PSV)

6

11

6

3

1

9

1Q24 - FINANCIAL PERFORMANCE

Net Revenue

Gross Profit and Margin

R$ MM					R$ MM and %
			338			32%	32%	33%	34%
				28%
251	243	252		239
							81	113	82
					71	79
1Q23	2Q23	3Q23	4Q23	1Q24	1Q23	2Q23	3Q23	4Q23	1Q24

Equity Income & % of Net Profit	Commercial and Administrative expenses
R$ MM and %	66%		R$ MM
41%	50	36%	66	64	67
	56		56
			25%
			20%

17		21
14		11

1Q23

2Q23

3Q23

4Q23

1Q24

1Q23

2Q23

3Q23

4Q23

1Q24

Result to be Recognized

Result to be Recognized- Consolidated + Equity

R$ MM

	38%	38%	39%	40%
36%			Margin to be Recognized
	606	579	571	549
528
28%
	26%	27%
22%	28%		Equity
78%	72%	74%	73%
72%		Consolidated

1Q232Q233Q234Q231Q24

Result to be Recognized - Consolidated			Result to be Recognized - Equity
R$ MM					R$ milhões		44%
					42%	41%
		38%	38%	39%	42%
36%	37%
			37%
411	435	427	418	395

							171	152	153	154
					117
1Q23	2Q23	3Q23	4Q23	1Q24		1Q23	2Q23	3Q23	4Q23	1Q24

Financial Results & % of Revenue - Quarter		Direct Receivable Evolution
R$ MM and %					R$ MM
				13%	700
					600
10%	10%				500						16
									36
		5%	7%		400							23	6
				300
					519	509					423
					200		384	363	387	387	415	410	410
				31
24	23		24	100
14
					0
1Q23	2Q23	3Q23	4Q23	1Q24	2019	2020	2021	2022	2023	Origination	Yield	Payments Foreclosure	1Q24

Net Profit and Margin				Net (Debt) Cash Evolution
R$ MM and %					R$ MM Net Debt
					85
						849
					764		789	Net Cash
		30%					180
				24%				609
13%	17%		12%
	75
			57
	42		39
32
1Q23	2Q23	3Q23	4Q23	1Q24	Avaliabilities	Debt	Avaliabilities	Debt
						1Q24	-	1Q23