EZTEC - Investor Relations Mobile

2Q16 Earnings Release


2Q16 Earnings Release

EZTEC generates over R$160 million of Cash in the 1H16

With Gross Margin of 45% and leases of EZ Towers and EZ Mark, financial strength value assets

São Paulo, August 11th, 2016 - EZTEC S.A. (BM&FBOVESPA: EZTC3; Bloomberg EZTC3: BZ) announces its results for the second quarter of 2016 (2Q16) results:

1H16 Highlights:

  • By the end of the 2Q16, EZTEC reported a Cash Equivalents and Financial Investments position of R$450.3 million. Excluding the Gross Debt of R$279.4 million (being exclusively of SFH financing and including EZ Tower´s), the Company‘s Net Cash stood at R$170.9 million, generating (ex-payment of dividends) R$91.7 MN in the 2Q16, complemented by Performed Receivables from real estate projects of R$337.3 million, which part are available for securitization and yield IGP-M
    + 10 to 12% p.a.;
  • The Company has signed contracts to lease 53% of the BOMA area of the EZ Towers - Tower B and 21% (39% of the inventory of June 2016) of the private area of the EZ Mark. These contracts, besides aggregating results to the Company in future years, appreciate assets considered important for management and allow monetize them at the right time and appropriately, creating value for shareholders;
  • Net Revenue reached R$305.3 million in 1H16;
  • Gross Profit totaled R$137.9 million, with Gross Margin of 45.2% in 1H16,;
  • EBITDA reached R$80.3 million for a EBITDA Margin of 26.3% in 1H16;
  • Net Income reached R$112.4 million, with Net Margin of 36.8% in 1H16; representing an Annualized ROE, adjusted by the additional dividends, of 8.7%;
  • In the 2Q16, EZTEC launched the high-end project Splendor Brooklin, in the city of São Paulo. The project, with EZTEC‘s PSV of R$91.5 million, was 26% sold at the closure of this release. In the first half of the year, R$143.3 million launched;
  • EZTEC‘s Contracted Sales, net of rescissions, reached R$52.9 million in the 1H16;
  • As of June 30, 2016, EZTEC‘s Land Bank totaled R$5.7 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

English
August 12th, 2016
11:00 a.m. (New York Time)
12:00 p.m. (Brasília Time)
Ph.: +1 (412) 317-5450
Code: EZTEC

Replay:
+1 (412) 317-0088
Code: 10088482
Webcast: Click here

Portuguese
August 12th, 2016
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