Apresentação do PowerPoint Greenville Atmos - Salvador/BA


November 5th,

2015


3Q15 and 9M15 Results


Asset Management:


Accounts Receivable Cancellations

Sales


Inventory Asset Sales

Liabilities Management:


Debt Restructuring


G&A


Ongoing Projects and Cost to be Incurred



Corcovado

Rio de Janeiro/RJ


Asset Management:


Accounts Receivable Cancellations

Sales


Inventory Asset Sales

Liabilities Management:


Debt Restructuring


G&A


Ongoing Projects and Cost to be Incurred



Sublime

Rio de Janeiro/RJ

Scenario and Strategy

Previous and Current


Previous Scenario


  • Market liquidity (funding);

  • Stable macroeconomic scenario: interest rates, unemployment, income, and inflation;

  • Stable demand for Real Estate.

    Current Scenario

  • Demand shock - CEF effect;

  • Deterioration of the macroeconomic scenario;

  • Drop in consumer confidence;

  • Increase in cost of funding.


    Previous Strategy

    Current Strategy


  • Focus on the delivery of projects for transfer and short term cash flow generation;

  • Debt rollover to the short and medium

    term.


  • Broad debt restructuring';

  • Focus on the acceleration of transfers;

  • Accelerating the sale of assets;

  • Completion of ongoing projects.


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