EZTEC - Investor Relations Mobile

Operating results - EZTEC launches R$535.2 million in the 1S10, up 48.1% from 1S09


São Paulo, July 12, 2010

EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3:BZ) announces its preliminary operating results for the second quarter of fiscal year 2010 (2Q10). The results presented are managerial data and subject to revision following the external audit. The complete and audited results for 2Q10 are scheduled to be released on August 4, 2010, after the market close.

Launches

As announced on March 8, 2010, EZTEC’s target for 2010 is to launch projects with combined PSV of between R$700.0 million and R$900.0 million, which represents average growth of 58.2% from 2009. During 2Q10, EZTEC launched 5 projects (Up Home, Quinta do Horto, Prime House Sacomã, Sky and Varanda Tremembé), which were all residential projects in the middle or high-middle income segment, located in the city of São Paulo. These projects represent combined own Potential Sales Value (PSV) of R$338.2 million, which when added to the R$197.0 million launched in 1Q10 represents 66.9% of the center of the Company‘s guidance range.

The amount launched in the first half of 2010 (1H10) represents growth of 48.1% from the same period in 2009, as well as growth of 5.8% in relation to Launch PSV in the whole of 2009, confirming the Company‘s commitment to the growth planned for 2010.

Contracted Sales

Contracted sales in 2Q10 totaled R$251.1 million, up 44.3% on 1Q10. Of the total contracted sales in the quarter, R$30.4 million was related to units launched in prior years. In the first half of this year, contracted sales totaled R$425.2 million, growing by 34.0% on the same period a year earlier.

Projects Delivered

In 2Q10, EZTEC delivered the Clima do Bosque project, which is located in the Vila Prudente district in the eastern quadrant of the city of São Paulo and features 2 towers with a total of 208 units (81.7% already sold). The project has a Launch PSV of R$64.8 million.

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Contact IR

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