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 |
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Disclaimer
EZTec Empreendimentos e Participações SA published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 May 2024 13:33:05 UTC.