PDG Realty Empreend e Participacoes : 1Q17 Earnings Presentation

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May 16th,

2017

Court-supervised Reorganization (CSR)

Financial and Operational Results

Sales

Resale of Cancellations G&A

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Inventory

Net Debt Variation Deleveraging

Ongoing Projects and Cost to be Incurred Income Statement and Balance Sheet

Corcovado

Rio de Janeiro/RJ

Court-supervised Reorganization (CSR)

Financial and Operational Results

Sales

Resale of Cancellations G&A

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Inventory

Net Debt Variation Deleveraging

Ongoing Projects and Cost to be Incurred Income Statement and Balance Sheet

Corcovado

Rio de Janeiro/RJ

1Q17 Highlights

Highlights

SFH debt fell by R$120 million (12%) over 4Q16, and by R$538 million (39%) in the last 12

months;

In 1Q17, we concluded the sale of the projects Dom Condominium and Dom Offices, reducing cost to be incurred by R$127 million, and SFH debt by R$52.7 million;

Net financial debt fell by R$27 million in 1Q17. Over the last 12 months, it was reduced by R$349 million;

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Company's total leverage, including net financial debt and the cost to be incurred, fell by R$159 million between 4Q16 and 1Q17;

General and administrative expenses maintained their downward trajectory, closing the quarter 16% down year-on-year;

In 1Q17, selling expenses fell by 68% over 1Q16, and by 87% over 4Q16.

During this quarter, we obtained occupancy permits for 3 projects with over 600 units in total, decreasing the Company's operational and financial risk;

The second debenture's series was paid in 1Q17, amounting of R$50 million.

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