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Investor Presentaiton

% Source: Companies 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 Cancellations % of gross sales 4Q11 1012 2012 3Q12 4Q12 ειδι 2013 ειδε 4013 1014 2014 3Q14 1Q21 2Q21 3Q21 27% 24% 24% 19% 20% 20% 20% 1818% 18% 16% 12% 114% 18% 19% 18% 16% 15% HBOR3 16% 16% 13% 10% 9% 10% 11% 11% 11% 9% 8% 9% 0% 8%% 9% 7%88% 12% 10% 11% 14%13% 14% 13% 13%12% 11% 11% 10% 5% EZTC3 10,611,3 8,9 7,7 8,5 9,3 6,1 6,2 28,2 4Q11 R$ 1,477 MM 1,227 days 27,0 15,614,2 1Q18 2Q18 3Q18 4Q18 Mortgage Transfer months Net Pre-Sales over Supply (Net SoS) Sales and Transfers 4014 SLOL 2Q15 3Q15 4Q15 1016 2016 3Q16 4,3 4,0 3,4 3,4 4,0 3,2 2,9 3,9 4Q16 1Q17 2017 3Q17 4Q17 8LOL 2Q18 3Q18 4Q18 6LOL 2019 σιδε 4Q19 1Q20 2Q20 4Q21 1Q22 2Q22 3Q22 4Q22 لانانانا 4% Tenda Engenharia 3Q20 4Q20 1Q21 MRV 2,4 2,2 1,9 1,9 1,9 1,8 1,4 1,2 1,3 1,6 1,1 2,0 1,8 2,2 1,8 1,4 1,7 2,2 2,2 1,9 1,7 1,9 2,4 1,9 1,4 Accounts Receivable 2Q21 3Q21 4Q21 1Q22 DIRECIONAL 2Q22 3Q22 4Q22 TRIS3 264 EVEN3 254 MRVE3 229 4Q22 R$ 1,025 MM 155 days GFSA3 240 33% 33% 32% 32% 33% 32% 32% 30% 31% DIRR3 114 29% 29% 29% 27% 28% 28% 26% 26% 25% 23% 23% 1% 2% 1% 2% 21% 920% 8% 8% 5%6% -20% 7% 7% 5% 4% 5%4% 5% 3% 0% 15% 15% 17% 8% 16% 18% 0% 16% 18% 19% 16% 5% 3%83% 1% TH 15% 3% 2% 1% TEND3 155 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 CYRE3 183 Outstanding management of sales and accounts receivables significantly reduces working capital TCSA3 221 Tenda MRV DIRECIONAL Engenharia Days of Accounts Receivable 4Q22 313 357 15
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