EZTEC - Investor Relations Mobile

2Q11 Operating results - EZTEC launches 224.4 million in the quarter, equivalent to 60.9%


EZTEC launches 224.4 million in the quarter, equivalent to 60.9%
of the center of its annual guidance range

São Paulo, July 13, 2011 - EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3:BZ) announces its preliminary operating results for the second quarter of 2011 (2Q11). Note that the results presented herein are managerial results and subject to revision following the external audit. The complete audited results for 2Q11 are scheduled to be disclosed on August 12, 2011 after the close of the market.

As announced on February 14, 2011, EZTEC’s guidance for fiscal year 2011 was to launch projects with own potential sales value (PSV) of between R$1.0 billion and R$1.2 billion. In 2Q11, EZTEC launched 3 projects in the city of São Paulo: the commercial project Supéria Pinheiros, with own PSV of R$67.0 million, the middle-high-end residential project Chateau Monet, with own PSV of R$120.2 million, and the high-end residential project Still Vila Mascote, with own PSV of R$37.2 million, totaling R$224.4 million. Adding the R$445.6 million launched in 1Q11, first-half own PSV came to R$669.9 million. As a result, EZTEC’s launch volume already represents 60.9% of the center of its guidance. Note that the above projects were launched in the last week of the quarter; consequently, their sales will only be booked in 3Q11.

The fact that the 2Q11 launches took place in the last week of the quarter meant that we were unable to register the resulting sales in our system. As a result, these figures will be only be booked in 3Q11. Nevertheless, it is worth noting that, on average, 35% of the units were sold within 15 days of launch.

As a result, 2Q11 sales refer only to units in inventory. EZTEC’s share of contracted sales totaled R$97.4 million, net of rescissions, or 19.8% of the total volume available for sale at the end of the previous quarter, with the sale of finished units accounting for R$23.9 million. In the year to date, EZTEC’s share of contracted sales came to R$472.7 million, 10.7% up on the same period in 2010.

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