Direcional Engenharia S A : 3Q22 Corporate Presentation
November 17, 2022 at 04:49 pm
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Corporate Presentation
3Q22
Timeline
Tarpon Real Estate Fund LLC joins Direcional via private placement
•
Projects focused on
• Establishment of an exclusive sales
low-income segment
•
Geographic expansion
team (Direcional Vendas)
Focus on MCMV bracket 1 (Faixa 1)
48% CAGR in PSV launched
Follow-on:BRL 289 MM
Launches in the period: BRL 3.7 billion
Cash Generation in the period: BRL 312 MM
Establishment of Riva, a subsidiary focused on the mid-income segment
1981 - 2005
2008
2009
2010 - 2012
2019 - 2020
2021
2006 - 2007
2013 - 2018
• Beginning of large scale
•
Cash Generation in the period: BRL 617 MM
projects for the low-income
•
IPO: BRL 274 MM
Focus on MCMV brackets 1.5, 2 and 3
segment
•
•
Programa Minha Casa,
MAC segment inventory sold to FII DMAC11
•
Minha Vida (MCMV) debut
REIT
Record-highLaunches: BRL 3.1 billion
Net Sales record: BRL 2.4 billion
Net Revenue: BRL 1.8 billion
36.7% Adjusted Gross Margin¹
Rating brAAA by S&P
Establishment of Direto, a subsidiary focused on solutions for the real estate credit market
1 - Adjustment excluding capitalized interest for financing of production.
Highlights
More than 146,000 units delivered throughout the country since 2009¹
Reference shareholders
actively engaged and with solid
track-record in the sector
Verticalized business model with streamlined production process
Expertise with
large construction sites
Successful repositioning
and liability management
processes
Strong geographic presence in
underpenetrated, high potential
markets
Rigorous cost control enabling
high margins
More than 350 projects launched since 2009¹
30% growth in Net Sales 9M22/9M21
BRL 2.1 billion in Net Revenue in 3Q22 LTM²
Low financial leverage profile: 19.1% ND/Equity in 3Q22
Rating brAAA by S&P Global Ratings
(1) Considering the end of 3Q22; (2) LTM: Last Twelve Months
Operational focus
Direcional is a platform capable of operating very well in the low-income and mid-income segments
PRODUCTS
MONTHLY GROSS INCOME RANGE (BRL)
FUNDING
VIVA VIDA
FGTS
CONQUISTA
FGTS
RESERVA
FGTS / SBPE
ESTILO
SBPE / MARKET
2,500
3,000
4,000
5,000
7,000
12,000
Geographic positioning
Diversified geographic operation, with low dependence on cities with great competition
Focus on metropolitan regions with favorable market and PCVA conditions.
Synergy between Direcional and Riva landbank.
STATE
PRESENCE BY COMPANY¹
AM
BA
AM
CE
CE
PE
DF
BA
GO
GO
DF
MG
MG
PE
RJ
SP RJ
SP
1 - Direcional does not consider its geographic presence in the states where the land is being demobilized (ES, PA and RO).
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Direcional Engenharia SA published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 21:48:03 UTC.
Direcional Engenharia SA is a Brazil-based company engaged in the residential real estate sector. The Company focuses on development and construction of residential housing projects, targeting the low-income segment. It mainly builds multifamily homes that form a residential district. The Company develops its activities through special partnerships (SCPs) and special purpose entities (SPEs), which are active exclusively in the real estate sector. It operates in the states of Rio de Janeiro, Sao Paulo, Rio Grande do Sul, Minas Gerais, Para and Amazonas, among others, Brazil. The Company owns numerous subsidiaries, such as Direcional Taguatinga Engenharia Ltda, Ametista Empreendimentos Imobiliarios Ltda and Malaquita Empreendimentos Imobiliarios Ltda.