EZTEC - Investor Relations Mobile

1Q11 Operating results - EZTEC launches R$445.6 million, reaching 40.5% of its Guidance in 1Q11 while sales obtain new record


São Paulo, April 11, 2011.

EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3: BZ) announces its preliminary operating results for the first quarter of 2011 (1Q11). Note that the results presented herein are managerial results and subject to revision following the external audit. The complete and audited results for 1Q11 are scheduled to be disclosed on May 13, 2011, after the market close.

Launches

As announced on February 14, 2011, EZTEC’s guidance for fiscal year 2011 is to launch projects with own PSV of between R$1.0 billion and R$1.2 billion. In 1Q11, EZTEC launched 5 projects, all of which located in the São Paulo Metropolitan Area: the commercial projects NeoCorporate Offices, located in the Berrini region, with own PSV of R$182.0 million, and Trend Paulista Offices next to the Ana Rosa subway station, with own PSV of R$89.3 million; the upper-middle income residential project Up Home Jd. Prudência, with own PSV of R$61.1 million; and the middle income residential projects Quality House Sacomã, with own PSV of R$60.4 million, and Royale Tresor, with own PSV of R$52.9 million. Together, the own PSV of these projects totaled R$445.6 million, a new quarterly record. As a result, EZTEC has already reached 40.5% of its annual guidance mid-point.

Contracted Sales

Contracted sales (EZTEC’s share) totaled R$375.2 million in 1Q11, 115.6% up on 1Q10 and a 85.5% improvement over 4Q10. This represents a new quarterly record and clearly shows that demand for EZTEC properties in the Metropolitan Area of São Paulo remains strong.

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Contact IR

Telephone: +55 11 5056 8313
E-mail: ri@eztec.com.br