Gafisa S A : Operational Preview 3Q22

Preview of Operational Results | 3Q22

FOR IMMEDIATE RELEASE - São Paulo, October 18, 2022 - Gafisa S.A. (B3: GFSA3; OTC: GFASY), one of Brazil's leading homebuilders, announced today its operational results for the second quarter of 2022. The operational results are preliminary and subject to review by the auditors.

GAFISA increases net sales by 143% and launches R$ 204 million in PSV in 3Q22

Gafisa announces to the market the preview¹ of its operating results for the 3rd quarter of 2022, represented by the performance of launches, sales, and inventory movement indicators.

In this quarter, the company continued to show growth in its sales performance. Net sales reached R$ 184.5 million, increasing 143% in comparison to 3Q21. In the 9M22, we reached R$621.3 million in net sales, representing a 62% increase compared to the same period in 2021.

In the third quarter of 2022 we launched the Sense Icaraí development in the city of Niterói-RJ, with a PSV of R$ 204 million.

During this year, we have launched 05 new developments and reached a PSV of R$ 730 million. In addition to the project launched in the quarter, we also had the pre-launch of Cidade Jockey project, in the city of São Paulo, with a PSV of R$ 340 million. Currently with a stand and advertising campaigns in place, the project will contribute with sales in the coming quarters. Gafisa will exceed R$ 1.0 billion in VGV in 2022 among pre-launch and launches.

With the sales performance in the quarter, the inventory was reduced, in the margin, in comparison with the 2Q22, reaching R$ 1.9 billion. The mid-high and high-end developments correspond to 84% of Gafisa's PSV and currently 98% of the inventory is concentrated in Rio de Janeiro and São Paulo.

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

1

Preview of Operational Results | 3Q22

Sales

Gross sales¹ reached R$237.1 million, increasing 48% in comparison with 3Q21. Net sales reached R$ 184.5 million, increasing 143% in comparison with 3Q21. In 9M22, Gafisa increased net sales by 62%, reaching R$ 621.3 million.

Sales per quarter

R$'mn	13.6
11.7			231.3	247.2	227.6	237.1
	201.1			11.5
162.9		159.5
		5.0	8.9		9.1	8.8
128.9	179.9	75.8	196.9	233.5	203.4	184.5
1Q21	2Q21	3Q21	4Q21	1Q22	2Q22	3Q22
	Net Sales		Dissolution	Sales over Supply (SoS)

Net Sales by construction	Net sales by segment (%)
phase (%)		3%
19%		7%
31%

						46%
					44%
	50%
Launches	Under		Concluded	High	Medium	Mediu	Medium low
construction
			high	m
			Net Sales
		184,5	R$'mn
					621,3
					62%
	143%				384,6
	75,8
	1Q21	1Q22			9M21	9M22
	Net Sales				Vendas Líquidas - YTD	2

Preview of Operational Results | 3Q22

Launches

In the 3rd quarter of 2022, the company launched the development Sense Icaraí in the city of Niterói-RJ, totaling a PSV of R$ 204 million. With this, Gafisa reached R$ 730 million in launches in 2022. It's R$ 471 million, or 65%, in the city of São Paulo.

Launches reached R$ 730 million in 2022

		Evolve Vila	Go Inn	Stratos Bandeira
Launches	We Sorocaba	Mariana	República	Paulista	Sense Icaraí	3Q22	2022
	1Q22	2Q22	2Q22	2Q22	3Q22
Site Location	RJ - Capital	SP - Capital	SP - Capital	SP - Capital	RJ - Niterói
PSV Pre Launches	54,916	137,500	172,273	161,363	169,346	204,115	730,167
% Gafisa	100%	100%	100%	100%	100%
Swifted PSV	-	-	-	22,084	-	34,769	56,853
PSV Launched w/o swift	54,916	137,500	172,273	139,279	169,346	169,346	673,314

Sense Icaraí

Stratos Bandeira Paulista

We Sorocaba

Evolve Vila Mariana

3

Preview of Operational Results | 3Q22

Pre-Launch

In the 3rd quarter of 2022, Gafisa pre-launched the project Cidade Jockey, located in the city of São Paulo, with approximately R$ 340 million in PSV.

Currently with a stand and advertising campaigns in place, the project will contribute with sales in the coming quarters. Gafisa will exceed R$ 1.0 billion in VGV in 2022 among pre- launch and launches.

Launches + Pre-launches more than R$ 1.070 billion in 2022

		Launches
Pre Launches	Cidade Jockey	(+) Pre
	Pre Launch
Site Location	SP - Capital
PSV Pre Launches	340,000	1,070,167
% Gafisa	100%
Swifted PSV	27,200	84,053
PSV Launched w/o swift	312,800	986,114

4

Preview of Operational Results | 3Q22

Building Construction conclusions

In the third quarter of 2022, the Belvedere Lorian project in the city of Osasco was concluded, with 266 units and a PSV equivalent to more than R$ 173 million. In the year, six projects were concluded, with 1,064 units and a PSV of R$ 610 million.

Completion of 1,064 units, with R$610 million equivalent PSV in 2022

					UpLife	Belvedere Lorian
Delivered buildings	Scena Tatuapé	Cinquo	Upside Paraíso	Moov Belém	Conceição	Boulevard	2022
Project Conclusion	1Q22	1Q22	1Q22	1Q22	1Q22	3Q22
Quarter of delivery	2Q22	2Q22	2Q22	3Q22	2Q22	4Q22
Month of delivery	May, 2022	May, 2022	May, 2022	July, 2022	June, 2022	November, 2022
Units	168	24	109	437	60	266	1,064
PSV (R$'mn)	124,540	32,897	154,495	90,696	34,809	172,549	609,986
Site Location	SP - Capital	SP - Capital	SP - Capital	SP - Capital	SP - Capital	SP - Osasco

CINQUO		UPLIFE CONCEIÇÃO		SCENA TATUAPÉ

UPSIDE PARAÍSO		BELVEDERE LORIAN
		MOOV BELÉM
	BOULEVARD

5