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Investor Presentaiton

Fonte: Reference Form Industrial approach Cost reduction Industrial approach Low Prices High local scale This industrial approach allows for continuous improvement, which leads to consistent reductions in construction costs, despite the recent rise High SoS Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Jun-1 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 -Tenda (in Real Terms) Tenda's Construction Cost Evolution Dec 2013 = 100 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 -Tenda (in Nominal Terms) 5 Dec-22 76 140
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