DEXCO S.A. Bradesco BBI Investment Forum
April, 6, 2022
Disclaimer
The information herein has been prepared by Dexco S.A. and does not represent any form of prospectus regarding the purchase or subscription to the company's shares or securities.
This material contains general information relating to Dexco and the markets in which the company operates.
No representation or guarantee, expressed or implied, is made herein, and no reliance should be placed on the accuracy, justification or completeness of the information provided.
Dexco does not offer any assurances or guarantees regarding the fulfilment of expectations described.
Macroeconomic data
High level stabilization of real estate financing, ending the growth sequence started in 2020;Launch volume ended 2021 above the historical average;
Even with the recent highs in the SELIC, there was no increase in real estate financing fee of the same magnitude.
Real Estate Financing
(deflated and seasonally adjusted in R$ billion)
Financing Fee x Selic
(% a.a.)
18%
30
25
20
15
10
5
0
2013
2017
16%
14%
12%
10%
8%
6%
4%
2%
0%
2014
2015
2016
2018
2019
2020
2021
2013
2014
2015
2016
2017
2018
2019
2020
2021
Financing
Financing (mm3m)
Source: Banco Central, FIPE-Zap
Financing Fee
SELIC
Source: Banco Central, FIPE-Zap
Residential Units Launched in São Paulo - SP
(Units per semester)
Production of Civil Construction Inputs (ICC)
(2012 index = 100)
110
60000
50000
40000
30000
20000
10000
0
2010 2011
2015
2012
2013
2014
2016
2017
2018
2019
2020
2021
Source: SECOVI
100
90
80
70
60
50
40
2013
2014
2015
2016
2017
2018
2019
2020
2021
Source: IBGE
Real estate market (ABRAINC)
Number of units launched increased 27% in the annual comparison, while units sold grew 3.6%;
Lowest level of cancellation of contracts since 2019.
ABRAINC -
Brazilian Association of Real Estate Developers
Data from 18 associated companies are considered.
- MAP: Medium and High Standard;
- CVA: Casa Verde e Amarela;
- Others: Commercial and urban development;
- VSO: sales on supply
Launches
Sales
11.1%
33QT1199
44QT1199
11QT20
2QT20
3TQ20
4TQ2200
11TQ2211
22TQ2211
3QT21
4QT21
CVAMAP
Cancellations of contracts
58,384
3T19 3Q19 4T19 4Q19 1T20 1Q20 2T20 2Q20 3T20 3Q20 4T20 4Q20 1T21 1Q21 2T21 2Q21 3T21 3Q21 4T21 4Q21 |
Otuhterross |
Supply
350,556
3TQ19 3Q19
4TQ19 4Q19
1TQ2200 1Q20
22TQ2200 2Q20
33TQ2200 3Q20
44TQ2200 4Q20
11TQ2121 1Q21
2T2Q2121 2Q21
3QT21 3Q21
4QT21 4Q21
2T21
CVAMAPOuOtrtohsers
3T19 3Q19
4T19 4Q19
1T20 1Q20
2T20 2Q20
3T20 3Q20
4T20 4Q20
1T21 1Q21
2Q21
3T21 3Q21
4T21 4Q21
CVAMAP
OuOtrtohsers
Who we are
70 years of history, listed since 1951 on the stock Exchange market
Leader in the market where it operates
Strong brands synonym of excellence
Portfolio of products as a design benchmark
Innovation as a diretional of processes
Solid Management System (SGD) with focus in shareholder value creation
+14k employees
19 industrial units, 3 in Colombia, 5 forest units and 2 joint ventures
CERAMIC
TILESDECA
CORPORATE GOVERNANCE
Shareholders Structure (%)
ItaúsaBloco SeibelOOutrhoesrs
• Dividend policy requiring minimum distribution of 30% of adjusted net earnings;
• 30% of independent members on the Board Directors;.
• Senior board members can not hold an executive position within the Company;
• 6 executive comittees;
• Risk management, Compliance, Audit and Ombudsman Departments;
• Analyst covarage: Bradesco BBI, BTG Pactual, Credit Suisse, Empiricus Research, HSBC, JP Morgan, Santander, Morgan Stanley e Nau Securities.
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Dexco SA published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 23:12:10 UTC.
