PDG Realty Empreend e Participacoes : 4Q15 Earnings Presentation

Apresentação do PowerPoint

March 30th, 2016

4Q15 and 2015 Results

Asset Management:

Accounts Receivable

Sales Cancellations Inventory Asset Sales Landbank

Liabilities Management:

Deleveraging G&A Expenses

Ongoing Projects and Cost to be Incurred

Corcovado

Rio de Janeiro/RJ

Asset Management:

Accounts Receivable

Sales Cancellations Inventory Asset Sales Landbank

Liabilities Management

Deleveraging G&A Expenses

Ongoing Projects and Cost to be Incurred

Sublime

Rio de Janeiro/RJ

Executive Summary

Highlights

4Q15 and 2015 Highlights

Cash generation of R$404 million in 4Q15 and of more than R$1 billion in 2015;

Total extended leverage, including net financial debt and costs to be incurred, fell by R$500 million in 4Q15, and by R$2.5 billion in 2015;

Gross sales of R$551 million in 4Q15, and R$2.5 billion in 2015;

Cash sales totaled R$423 million in 2015, 85% higher than in 2014;

Resale of cancellations in 4Q15 reached 47%, higher performance of resales within the same quarter of

cancellation in 2015;

G&A expenses in 4Q15 fell by 33% on 4Q14; in 2015, G&A expenses fell by 29% on the previous year;

Accounting write-offs totaling R$1.4 billion, with a R$632 million impact on NAV and a R$137 million possible

future cash disbursement.

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