EZTEC - Investor Relations Mobile

Notice to the Market - EZTEC announces Preliminary 1Q19 Operating Results

Net sales for the quarter reach R$300 MN for the first time in 5 years
The year starts with R$394MN in PSV launched and R$322 MN in gross sales

São Paulo, April 15th, 2019 - EZTEC SA (BOVESPA: EZTC3; Bloomberg: EZTC3: BZ), announces its preliminary operating results for the first quarter of 2019 (1Q19). Note that the results presented here are managerial results and are subject to revision following the external audit. The complete and audited results for 1Q19 are scheduled to be disclosed on March 15th, 2019, after market closure.

Sales and Cancellations

In the first quarter of 2019, the Company achieved net sales of R$302 million, decomposed into R$322 million in gross sales and R$20 million in cancellations. This net performance implies in the first time the Company breaks the R$300 million net sale mark ever since the second quarter of 2013. Also, it implies a 6% growth rate against net sales from the previous quarter, which had counted with 4 launches. This stature of this figure is accentuated by this being the first quarter of the year, which tends to be cyclically hit by festivities from this time of year.

From the side of cancellations, the 16% decrease demarks the tenth consecutive quarter of declining cancellations - a trajectory that gets reaffirmed as the Company distances itself from the cycle of deliveries. From the side of gross sales, it is worth highlighting the sales performance in the city of Osasco (where the mega- project Jardins do Brasil and Prime House Parque Bussocaba are found), representing R$38 million of the R$100 million of the quarter’s ready inventory sales. Regarding sales of launches, emphasis may be attributed to the Fit Casa Rio Bonito sales performance (where there are both regular and Minha Casa Minha Vida units being sold), which, having been launched over the course of March, has added R$48 million in sales to the period.

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For further information contact:
EZTEC S.A. - Investor Relations
Phone: +55 (11) 5056-8313
E-mail: ri@eztec.com.br

About EZTEC:

With 40 years of operations, EZTEC is one of the most profitable publicly-traded companies in Brazil‘s real estate development and building industry. Based on its fully integrated business model, EZTEC has already launched 135 projects, totaling more than 3.6 million square meters of built area and area under construction, and 27.982 units. EZTEC S.A. is listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (BM&FBOVESPA) under the ticker EZTC3.

"This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of EZTEC. These are merely projections and, as such, are based exclusively on the expectations of the Company’s management concerning the future of the business and its continued access to capital to fund its business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in the Company’s filed disclosure documents and are, therefore, subject to change without prior notice".

Contact IR

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