EVEN CONSTRUTORA E INCORPORADORA S.A. Operational Preview
/ 2nd Quarter 2021
EVEN DISCLOSES ITS OPERATIONAL PREVIEW FOR 2Q21
São Paulo, July 12, 2021 - Even Construtora e Incorporadora S.A. - EVEN (B3: EVEN3), with developments in São Paulo and Rio Grande do Sul, and focusing on middle- and upper-middle income residential projects, discloses its preliminary and unaudited operational performance for the second quarter of 2021 (2Q21).
NET SALES TOTALED R$ 354 MILLION (%EVEN);
LAUNCHES
In 2Q21, 1 project was launched in São Paulo, with a PSV of R$ 171 million, and 1 project was launched in Rio Grande do Sul, with a PSV of R$ 44 million (% Even). Adding the two business units, the total PSV was R$ 216 million (% Even).
Launches | ||||||
(PSV R$ Million) | +210% | |||||
1,201 | ||||||
+10% | 270 | |||||
932 | ||||||
216 | ||||||
649 | ||||||
28 | ||||||
532 | ||||||
50 | 931 | |||||
388 | ||||||
622 | 716 | 269 | 121 | |||
245 | ||||||
482 | 54 | |||||
73 | ||||||
171 | 216 | 267 | ||||
2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 6M20 | 6M21 |
Launches (partners) | Launches (% Even) |
Table below consolidates the information for 2Q21:
PSV Total | VGV Even | Usable | Avg. Price of | |||||||||||||
Project | Region | (R$ | area | # Unit | Unit | Segment | ||||||||||
(R$ thousandsl) | ||||||||||||||||
thousands) | (sq.m.) | (R$ thousands) | ||||||||||||||
1Q21 | 931,701 | 715,572 | 181,094 | 1,548 | 602 | |||||||||||
Fasano Itaim - Hotel | SP | 280,000 | 280,000 | 14,890 | 109 | 2,569 | Hotel | |||||||||
Modo Ipiranga | SP | 197,440 | 197,440 | 24,954 | 598 | 330 | Middle-low income | |||||||||
Arcos Itaim | SP | 90,285 | 90,285 | 5,039 | 33 | 2,736 | High-end | |||||||||
Go Rio Branco | RS | 71,394 | 31,516 | 6,634 | 183 | 390 | Middle-low income | |||||||||
Grand Park Lindóia - Fase 3 | RS | 89,599 | 39,552 | 12,628 | 190 | 472 | Middle-low income | |||||||||
Casa Viva | URB | 72,637 | 19,239 | 105,957 | 332 | 219 | Lots Development | |||||||||
Botanique | RS | 130,346 | 57,540 | 10,992 | 103 | 1,265 | High-end | |||||||||
2Q21 | 269,194 | 215,603 | 24,816 | 477 | 564 | Hotel | ||||||||||
Modo Pompéia | SP | 171,430 | 171,430 | 16,356 | 428 | 401 | Middle-low income | |||||||||
Seen Boa Vista | RS | 97,764 | 44,173 | 8,460 | 49 | 1,995 | High-end | |||||||||
Total | 1,200,895 | 931,175 | 205,910 | 2,025 | 593 | |||||||||||
*Preview and unaudited numbers
Operational Preview
/ 2nd Quarter 2021
SALES
Net sales in 2Q21 totaled R$ 354 million (% Even), representing a consolidated SoS of 16%. Inventory sales totaled R$ 249 million with a 13% SoS. Considering the projects launched in the quarter, R$ 105 million were sold, 49% SoS.
Net Sales | ||||||
(PSV R$ Million) | ||||||
61% | 58% | |||||
49% | ||||||
34% | 36% | |||||
27% | 24% | |||||
20% | ||||||
14% | 24% | 16% | ||||
10% | 15% | 10% | 13% | |||
+69% | ||||||
940 | ||||||
639 | 586 | 557 | ||||
480 | ||||||
238 | ||||||
354 | ||||||
301 | 212 | 171 | 412 | |||
105 | ||||||
104 | ||||||
268 | ||||||
197 | 230 | 175 | 249 | |||
2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 6M20 | 6M21 |
Launches SoS | Sos Consolidated | Launches Sales (% Even) | Sales (% Even) | |||
Inventory SoS | RJ Inventory Sales | Inventory Sales (% Even) |
CANCELLATIONS
In 2Q21, cancellations totaled R$ 56 million (%Even), representing 14% of gross sales, as shown below:
Cancellations
(PSV R$ Million)
14% | 15% | 14% |
8% | 9% | |
+11%
88
50 | 54 | 56 | 56 | |
2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 |
% Cancellations/Gross Sales | PSV Cancellations (% Even) |
*Preview and unaudited numbers
Operational Preview
/ 2nd Quarter 2021
(% Even) | 2020 | 2021 | |||||
(R$ miIion) | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | |
Gross Sales | 327 | 351 | 567 | 693 | 643 | 410 | |
Total Cancellations | 71 | 50 | 88 | 54 | 56 | 56 | |
Net Sales | 256 | 301 | 480 | 639 | 586 | 354 | |
Cancellation/Gross Sales | 21,8% | 14,3% | 15,4% | 7,7% | 8,8% | 13,6% | |
DELIVERIES
In 2Q21, were delivered one project in São Paulo and another one in Rio Grande do Sul, totaling a PSV of R$ 136 million and R$ 41 million, respectively (%Even). The total deliveries amounted to R$ 177 million (% EVEN), which represents 242 units delivered.
Deliveries | |||
(PSV R$ Million) | |||
705 | |||
327 | 77 | 0 | 242 |
226 | 226 | |||||
24 | 141 | 50 | ||||
202 | 53 | 177 | ||||
28 | ||||||
88 | 0 | |||||
12 | 16 | 0 | ||||
0 | ||||||
2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | ||
# of units | PSV Deliveried (partners) | PSV Deliveried (% Even) |
*Preview and unaudited numbers
Operational Preview
/ 2nd Quarter 2021
ABOUT THE COMPANY
Even has been operating in the real estate industry for over 40 years and is one of the largest developers and builders in the Greater Sao Paulo area. It is present, primarily and strategically, in the cities of Sao Paulo and Porto Alegre. The Company operates vertically, executing all the stages of the development of its projects, from prospecting plots of land, to real estate development and sale, to the building of the projects. Even owns two real estate brokerage firms: Even Vendas and Even More. Both sell units on 100% of the Company's projects and do so exclusively for Even. The Company aims to follow sustainability precepts in every aspect of its business. Even believes that by employing these practices, it can reduce waste on its construction sites, increase the energy efficiency of its products, improve its image with customers and with the communities surrounding its projects. Its stock is traded in the Novo Mercado (New Market), which is the highest level of corporate governance at B3 - Brasil, Bolsa, Balcão, under the stock symbol EVEN3.
DISCLAIMER
The statements within this release, which refer to business prospects, estimates of financial and operating results, and growth prospects that affect the Company's activities, as well as any other statements about the future of the Company's business, constitute estimates and statements about the future and involve risk and uncertainties; therefore, they are not assurances of future results. Such considerations depend significantly on changes in market conditions, governmental regulations, pressure from the competition, performance of the industry and of the Brazilian economy among other factors. As such, they are subject to changes without notice.
*Preview and unaudited numbers
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Disclaimer
Even Construtora e Incorporadora SA published this content on 12 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 21:28:01 UTC.
