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3Q15 Earnings Release

3Q15 Earnings Release

EZTEC totals R$340 million of Net Income in 2015

Gross Margin of 53% and annualized ROE reaches 19%

São Paulo, November 12th, 2015 - EZTEC S.A. (BM&FBOVESPA: EZTC3; Bloomberg EZTC3: BZ) announces its results for the third quarter of 2015 (3Q15) results:

3Q15 Highlights:

  • Net Revenue reached R$590.0 million in the 9M15;
  • Gross Profit totaled R$311.2 million, with Gross Margin of 52.7% in the 9M15, 0.4 p.p. less to the 9M14;
  • EBITDA reached R$302.8 million for a EBITDA Margin of 51.3% in the 9M15, 3.4 p.p. superior to the 9M14;
  • Net Income reached R$339.9 million, with Net Margin of 57.6% in the 9M15; representing an Annualized ROE of 19.2%;
  • By the end of the 3Q15, EZTEC reported a Cash Equivalents and Financial Investments position of R$386.7 million. Excluding the Gross Debt of R$163.7 million (being exclusively of SFH financing and including EZ Tower´s), the Company’s Net Cash stood at R$222.9 million, complemented by Performed Receivables from real estate projects of R$345.4 million, which are available for securitization and yield IGP-M + 10 to 12% p.a.;
  • In the 3Q15, EZTEC opted for not launching, besides cancelling phase Noronha of Jardins do Brasil project, in Osasco city, SPMA, with R$95.8 in own PSV. Therefore, EZTEC accumulated R$197.0 million launched in the 1H15;
  • EZTEC’s Contracted Sales, net of cancelations and rescissions, reached R$331.1 million in the 9M15;
  • As of September 30, 2015, EZTEC’s Land Bank totaled R$6.0 billion in own PSV. The average Cost of Lot Acquisitions, including the costs associated with expanding construction potential, is equivalent to 12.6% of PSV.

To access the Earnings Release, click here.

Conference Calls

November 13th, 2015
08:30 a.m. (New York Time)
11:30 a.m. (Brasília Time)
Ph.: +1 (412) 317-6776

+1 (412) 317-0088
Code: 10073666
Webcast: Click here

November 13th, 2015
07:00 a.m. (New York Time)
10:00 a.m. (Brasília Time)
Ph.: +55 (11) 2188-0155

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

Contact IR

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