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2Q15 Earnings Release


2Q15 Earnings Release

EZTEC totals R$235 million of Net Income in 2015

Gross Margin of 54% and ROE reaches 20%

São Paulo, August 13th, 2015 - EZTEC S.A. (BM&FBOVESPA: EZTC3; Bloomberg EZTC3: BZ) announces its results for the second quarter of 2015 (2Q15) results:

2Q15 Highlights:

  • Net Revenue reached R$405.2 million in the 1H15;
  • Gross Profit totaled R$220.4 million, with Gross Margin of 54.4% in the 1H15, 1.7 p.p. superior to the 1H14;
  • EBITDA reached R$211.1 million for a EBITDA Margin of 52.1% in the 1H15, 7.1 p.p. superior to the 1H14;
  • Net Income reached R$235.2 million, with Net Margin of 58.0% in the 1H15; representing an Annualized ROE of 20.4%;
  • By the end of the 2Q15, EZTEC reported a Cash Equivalents and Financial Investments position of R$495.1 million. Excluding the Gross Debt of R$138.1 million (being exclusively of SFH financing and including EZ Tower´s), the Company’s Net Cash stood at R$356.9 million, complemented by Performed Receivables from real estate projects of R$410.5 million, which are available for securitization and yield IGP-M + 10 to 12% p.a.;
  • In the 2Q15, EZTEC launched three residential projects: in the East Zone of São Paulo city, the Massimo Vila Carrão project, with R$52.6 million in own PSV; and in Osasco city, SPMA, phases Noronha and Atlântica of the Jardins do Brasil project, with R$168.3 in own PSV. Therefore, during the second quarter, EZTEC launched R$220.9 million which, when considering the 1Q15´s launches, reach R$292.9 million in the 1H15;
  • EZTEC’s Contracted Sales, net of brokerage commissions, cancelations and rescissions, reached R$303.9 million in the 1H15;
  • As of June 30, 2015, EZTEC’s Land Bank totaled R$5.9 billion in own PSV. The average Cost of Lot Acquisitions, including the costs associated with expanding construction potential, is equivalent to 12.7% of PSV.

To access the Earnings Release, click here.

Conference Calls

English
August 14th, 2015
08:30 a.m. (New York Time)
09:30 a.m. (Brasília Time)
Ph.: +1 (412) 317-6776
Code: EZTEC

Replay:
+1 (412) 317-0088
Code: 10068721
Webcast: Click here

Portuguese
August 14th, 2015
09:30 a.m. (New York Time)
10:30 a.m. (Brasília Time)
Ph.: +55 (11) 2188-0155
Code: EZTEC

Replay:
+55 (11) 2188-0400
Code: EZTEC
Webcast: Click here


Contact IR

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