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1Q16 Earnings Release

1Q16 Earnings Release

EZTEC totals R$74 million of Net Income in 1Q16

Gross Margin of 47% and cash generation of R$69 MN

São Paulo, May 12th, 2016 - EZTEC S.A. (BM&FBOVESPA: EZTC3; Bloomberg EZTC3: BZ) announces its results for the first quarter of 2016 (1Q16) results:

1Q16 Highlights:

  • Dividends of R$155.5 million related to the fiscal year 2015, paid on May 10th, 2016, representing pay out of 35.01%;
  • Net Revenue reached R$150.2 million in 1Q16;
  • Gross Profit totaled R$70.6 million, with Gross Margin of 47.0% in 1Q16, 0.1 p.p. less to the 4Q15;
  • EBITDA reached R$53.1 million for a EBITDA Margin of 35.3% in 1Q16, 5.5 p.p. less to the 4Q15;
  • Net Income reached R$73.6 million, with Net Margin of 49.0% in 1Q16; representing an Annualized ROE, adjusted by the additional dividends, of 11.6%;
  • By the end of the 1Q16, EZTEC reported a Cash Equivalents and Financial Investments position of R$458.6 million. Excluding the Gross Debt of R$224.0 million (being exclusively of SFH financing and including EZ Tower´s), the Company‘s Net Cash stood at R$234.6 million, generating R$69 MN in the 1Q16, complemented by Performed Receivables from real estate projects of R$503.3 million, which part are available for securitization and yield IGP-M + 10 to 12% p.a.;
  • In the 1Q16, EZTEC launched the high-end project Le Premier Moema, in the city of São Paulo. The project, with EZTEC‘s PSV of R$51.8 million, was 34% sold at the closure of this release;
  • EZTEC‘s Contracted Sales, net of rescissions, reached R$24.4 million in the 1Q16;
  • As of March 31, 2016, EZTEC‘s Land Bank totaled R$5.8 billion in own PSV. The average Cost of Lot Acquisitions, including the costs associated with expanding construction potential, is equivalent to 13.2% of PSV.

To access the Earnings Release, click here.

Conference Calls

May 13th, 2016
11:00 p.m. (New York Time)
12:00 a.m. (Brasília Time)
Ph.: +1 (412) 317-6776

+1 (412) 317-0088
Code: 10084774
Webcast: Click here

May 13th, 2016
09:30 a.m. (New York Time)
10:30 a.m. (Brasília Time)
Ph.: +55 (11) 3127-4971

+55 (11) 3127-4999
Webcast: Click here

Contact IR

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