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4Q15 Earnings Release

4Q15 Earnings Release

EZTEC totals R$444 million of Net Income in 2015

Gross Margin of 51% and annual ROE reaches 18%

São Paulo, March 29th, 2016 - EZTEC S.A. (BM&FBOVESPA: EZTC3; Bloomberg EZTC3: BZ) announces its results for the fourth quarter of 2015 (4Q15) results:

4Q15 Highlights:

  • Net Revenue reached R$814.4 million in 2015;
  • Gross Profit totaled R$417.0 million, with Gross Margin of 51.2% in 2015, 1.4 p.p. less to the 2014;
  • EBITDA reached R$394.5 million for a EBITDA Margin of 48.4% in 2015, 2.1 p.p. superior to the 2014;
  • Net Income reached R$444.0 million, with Net Margin of 54.5% in 2015; representing an Annual ROE of 18.4%1;
  • By the end of the 4Q15, EZTEC reported a Cash Equivalents and Financial Investments position of R$393.3 million. Excluding the Gross Debt of R$227.7 million (being exclusively of SFH financing and including EZ Tower´s), the Company’s Net Cash stood at R$165.6 million, complemented by Performed Receivables from real estate projects of R$405.9 million, which are available for securitization and yield IGP-M + 10 to 12% p.a.;
  • In the 4Q15, EZTEC opted for not launching. However, the Company acquired 50% stake in the project Chácara Cantareira, launched in 2012. Therefore, launches accumulated R$225.8 million in 2015.
  • EZTEC’s Contracted Sales, net of cancelations and rescissions, reached R$412.4 million in the 2015;
  • As of December 31, 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 13.1% of PSV.

To access the Earnings Release, click here.

Conference Calls

March 30th, 2016
11:30 a.m. (New York Time)
12:30 p.m. (Brasília Time)
Ph.: +1 (412) 317-5450

+1 (412) 317-0088
Code: 10082099
Webcast: Click here

March 30th, 2016
10:00 a.m. (New York Time)
11:00 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