Gafisa S A : Material Fact - Operational Preview 4Q21 and 2021

Preview of Operational Results | 4Q21

FOR IMMEDIATE RELEASE - São Paulo, January 20, 2022 - Gafisa S.A. (B3: GFSA3; OTC: GFASY), one of Brazil's leading homebuilders, announced today its operational results for the third quarter of 2021. The operational results are preliminary and subject to review by the auditors.

GAFISA launches R$ 1.7 billion in 2021, Sales increase 46% vs. 2020 and 80% of the inventories are directed to high income segment in SP and RJ

Gafisa announces to the market the preview¹ of its operating results for the 4th quarter of 2021, as well as the performance of its launches, sales, delivered buildings and inventory indicators.

In the 4th quarter of 2021, It was launched 3 projects achieving R$685 million in Potential Sales Value (PSV), with highlights to the project Tonino Lamborghini San Paolo, which brings the best of Italian design to a privileged location in Jardins, São Paulo. In 2021, Gafisa reached R$ 1.685 billion in Potential Sales Value (PSV) in launches, exceeding the guidance of R$ 1.5 billion for 2021.

In addition to the new developments launched in the quarter, Gafisa has 4 more developments totaling R$436 million of PSV in pre-launch stage with sales force and active advertising campaigns. The highlight is the Stratos development, located at Bandeira Paulista Street in Itaim, São Paulo.

Gafisa's sales performance keeps showing strong growth, with accumulated gross sales reaching R$ 754.8 million in the year 2021, which represents a 46% growth compared to the year 2020.

Gafisa's inventory reached R$ 2.02 billion, with the medium-high and high standard developments corresponding to 80%, and 97% concentrated in São Paulo and Rio de Janeiro.

The operational performance in 2021 is the expected continuation of Gafisa's growth resumption started by the new management in 2019. We operate in a dynamic and selective way to develop our portfolio of projects with higher added value, good locations and outstanding products.

Note 1 - We point out that these operational results are preliminary and subject to review by auditors.

1

Preview of Operational Results | 4Q21

Launches

In the fourth quarter of 2021, the company reached R$ 1.68 billion in accumulated launches in the year.

Three projects were launched in the quarter, two in the city of São Paulo and one in the city of Rio de Janeiro. The total PSV was R$ 685 million.

Launches reached R$ 1.7 billion PSV in 2021

	Invert	Flow Nestor	Marajoara	Ibirapuera	TOM Delfim	Vinci	Tonino
Launches	Campo Belo	Pestana	Club House	Park house	Moreira	Moema	Lamborghini	Invert Barra	4Q21	2021
	2Q21	3Q21	3Q21	3Q21	3Q21	4Q21	4Q21	4Q21
Site Location	SP - Capital	SP - Capital	SP - Capital	SP - Capital	RJ - Capital	SP - Capital	SP - Capital	RJ - Capital
PSV Pre Launches	308,105	140,216	147,823	213,669	190,000	249,872	244,391	190,500	684,763	1,684,576
% Gafisa	100%	100%	100%	0%	100%	100%	100%	100%
Swifted PSV	21,903	11,300	-	-	-	49,708	13,221	-	62,929	96,132
PSV Launched w/o swift	286,202	128,916	147,823	-	190,000	200,164	231,170	190,500	621,833	1,374,775

Launches 4Q21

Tonino Lamborghini

Tonino Lamborghini

Invert Barra	Vinci Sabiá	2

Preview of Operational Results | 4Q21

Pre-Launches

In the 4th quarter of 2021, the company's pre-launches reached R$ 436 million in PSV.

There are three projects campaigns, three in the city Janeiro.

with sales force and active advertising of São Paulo and one in the city of Rio de

Pre-Launch total R$ 436 million PSV in 4Q21

		Evolve Vila		Stratos Bandeira
Pre Launches	We Sorocaba	Mariana	Go Inn Aurora	Paulista	4T21
	Pre Launch	Pre Launch	Pre Launch	Pre Launch
Site Location	RJ - Capital	SP - Capital	SP - Capital	SP - Capital
PSV Pre Launches	54,916	135,599	105,000	140,908	436,423
% Gafisa	100%	100%	100%	100%
Swifted PSV	-	-	-	22,000	22,000
PSV Launched w/o swift	54,916	135,599	105,000	118,908	414,423

Evolve Vila Mariana

Go Inn Aurora

We Sorocaba	Stratos Bandeira Paulista	3

Preview of Operational Results | 4Q21

Delivered buildings

In the 4th quarter of 2021, the Moov Parque Maia development was concluded, increasing by 500 units and R$ 200 million the volume of deliveries.

In the year, there were 5 developments, totalizing 1,323 units and more than R$ 625 million in PSV.

It was delivered 1,323 units, representing a PSV of R$ 625 million in 2021

DeliveredEntregas

buildings

Data
MonthData	of delivery
Unitsdades
VGV Total (R$ milhões)
PSV (R$'mn)
Localização

Site Location

		Upside		Moov Parque
Moov Brás	J330	Pinheiros	Life	Maia	2021
2T21	2T21	2T21	2T21	4T21
May,mai/212021	May,mai/212021	May,mai/212021	June,jun/2021	December,dez/212021
543	28	84	168	500	1,.323
94,.162	77,.823	159,.990	93,.000	200,.474	625,.448
SP - Capital	SP - Capital	SP - Capital	RJ - Capital	SP - Capital

Moov Parque Maia		Moov Parque Maia

Before				Concluded
Moov Brás		Upside Pinheiros		J330			Life 360

4

Preview of Operational Results | 4Q21

Sales

Gross sales reached R$ 231 million and R$ 755 million in the 4th quarter and year 2021, respectively. Net sales in the medium-high and high standard segments already correspond to 88% of sales. Gafisa' s gross sales in 2021 surged 46% compared to 2020.

Sales per quarter		20.5%
R$'mn					292,9
						13.6%
				10.6%		11.7%			231,3
							201,1		8.9%
				143,9		162,9		159,5
							5.0%
3.2%
2.3%
38,7	41,4
28.6	19.8	117.7	271.9	128.9	179.9	75.8	196.9
1T20	2T20	3T20	4T20	1T21	2T21	3T21	4T21
			Net Sales	dissolut	Sales over Supply (SoS)
					ion
	Net sales by			Net sales by segment
construction phase R$'mn		R$'mn
	10%				6%
							6%
	27%							43%
				63%			45%
Launches			Under		Concluded	high	Medium	Medi	Medium
			construction			high	um	low
	Gross Sales (year)		Net Sales (year)
			R$'mn			R$'mn
				754.8			33%	581.5
	46%
				438.0
	516.9

2020	2021	2020	2021
			Gross Sales		Net Sales	5