Investor Presentaiton
Cash, Leverage and
Capital Distribution
The company has already gone through its most challenging period and remains
strategically well-positioned in the affordable housing segment in Brazil.
Cash-Generating Business
Model
Transfer after sales
Construction execution speed
Cash flow acceleration
Minimum Cash Policy
Minimum cash equivalent to: :
3 months of operational outflows
Short-term debts
Land (short term)
Capital Allocation
Share buyback
Dividend payment
Generation/Consumption of Operating Cash
2021
1Q22
2Q22
3Q22
4Q22
1Q23*
2Q23*
3Q23
141
98
(0)
169
5
118
129
18
45
32
(13)
(20).
[(28)]
(62)
(52)
(18)
(166)
(160)
(123)
(125)
(28)
(250) (226)
(3)
(16)
(368)
(77)
(73)
(126)
(8)-
(239)
(234)
Quarterly updates
1 Operational generation of 5 million;
Total cash
Alea Operating Cash
Tenda Operating Cash
2
By including the benefit of the Follow on, we experienced a
reduction in net debt of R$ 172.9 million;
3
The gross margin of new sales also continued to evolve, with
an increase of 130 basis points in 3Q23 compared to 2Q23.
Source: Press Release 2Q23 / Note: *includes assignment of receivables portfolio Pro-Soluto;
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