EZTEC - Investor Relations Mobile

Notice to the Market - EZTEC wins for the second consecutive time the PINI Award


In 2011 EZTEC wins for the second consecutive time the PINI Incorporator of the Year Prize

São Paulo, November 07, 2011 - EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3: BZ), in order to maintain sustainable relationship practices with all the members of the production chain of a real estate development, EZTEC is pleased to announce that for the second consecutive year it won the PINI Incorporator of the Year Prize, granted by the Real Estate Unit of Escola Politécnica of the University of São Paulo (NRE Poli-USP) and Editora PINI, responsible for major construction and architecture publications in Brazil. The award is recognition of outstanding financial performance, relations between the company and its clients, employees and suppliers, as well as its concern with society and the environment.

According to journalist Gustavo Mendes from Revista Construção & Mercado (issue 124, November 2011) "EZTEC was the overall winner of the prize, thanks to a prudent growth strategy and operation focus only on regions and segments well-known by the Company."

For journalist Pâmela Reis, a summary of the Company‘s merits is described by:

Low risk and high profit

With a net margin four times greater than the industry‘s average, EZTEC wins for the second consecutive time the PINI Incorporator of the Year Prize. No matter how paradoxical, the result is due to a range of strategies based on conservatism and low growth, and influenced by cash flow. "We prefer to wait for the money to return from the launched ventures and then buy new lots", says Emílio Fugazza, company financial and IR director.

In the first semester of 2011, the Company had R$ 306.6 million available in cash and a debt of only R$ 50.5 million, thus maintaining a liquidity that permits it to pay cash for lots at better prices, anticipate construction stages and avoid delays in paying suppliers, thus assuring the supply to construction. The risk-aversion is reflected in the company‘s focusing in middle income and the São Paulo Metropolitan Region, markets in which EZTEC has tradition and expertise. The Company has today only 24 sites of in-process construction, which allows a more precise control of the entire operation, concluding work at costs below budget.

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Contact IR

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