Operational Preview
/ 3rd Quarter 2021
EVEN DISCLOSES ITS OPERATIONAL PREVIEW FOR 3Q21
São Paulo, October 13th, 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 third quarter of 2021 (3Q21).
LAUNCHES IN 9M21 TOTALED R$ 2 BILLION (R$ 1.6 BILLION % EVEN);
LAUNCHES IN 3Q21 TOTALED R$ 767 MILLION (R$ 658 MILLION % EVEN).
LAUNCHES
In 3Q21, 2 projects were launched in São Paulo, with a PSV of R$ 584 million, and 2 projects were launched in Rio Grande do Sul, with a PSV of R$ 182 million (R$ 74 million % Even). Adding the two companies, the total PSV was R$ 767 million (R$ 658 million % Even).
Launches | |
(PSV R$ Million) | +90% |
1,968 378
1,037 | ||||||
932 | 149 | |||||
216 | 767 | 1,589 | ||||
649 | 108 | |||||
28 | 532 | |||||
50 | 888 | |||||
716 | ||||||
622 | 269 | 658 | ||||
482 | ||||||
54 | ||||||
216 | ||||||
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | 9M20 | 9M21 |
Launches (partners) | Launches (% Even) |
Table below consolidates the information for 3Q21:
PSV Total | VGV Even | Usable | Avg. Price of Unit | ||||||||||||||
Project | Region | area | # Unit | Segment | |||||||||||||
(R$ thousands) | (R$ thousands) | (R$ thousands) | |||||||||||||||
(sq.m.) | |||||||||||||||||
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 |
*Preview and unaudited numbers
Operational Preview
/ 3rd Quarter 2021
3Q21 | 766,764 | 658,289 | 54,833 | 477 | 1,607 | ||
Arbo Alto de Pinheiros | SP | 384,287 | 384,287 | 27,813 | 117 | 3,285 | High-end |
YBY Ibirapuera Urban Home | SP | 200,207 | 200,207 | 14,046 | 298 | 672 | Upper middle |
HillSide | RS | 45,119 | 20,487 | 4,439 | 34 | 1,327 | High-end |
Arte Country Club | RS | 137,151 | 53,308 | 8,535 | 28 | 4,898 | High-end |
Total | 1,967,658 | 1,589,464 | 260,743 | 2,502 | 786 | ||
SALES
Net sales in 3Q21 totaled R$ 329 million (R$ 277 million % Even). The consolidated SoS of 11%, with 18% SoS the projects launched in the quarter.
It is important to highlight that the YBY project was launched in the last week of the quarter.
Net Sales
(PSV R$ Million and %Even)
58%
49% | ||||||||
34% | 36% | |||||||
27% | 24% | |||||||
20% | ||||||||
24% | 16% | 18% | ||||||
15% | 11% | |||||||
10% | 13% | |||||||
8% | ||||||||
+17% | 1.217 | |||||||
1.036 | ||||||||
639 | 586 | |||||||
480 | ||||||||
238 | 354 | |||||||
212 | 171 | 412 | 277 | |||||
105 | ||||||||
116 | ||||||||
268 | 230 | 175 | 249 | |||||
160 | ||||||||
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | 9M20 | 9M21 | ||
Launches SoS | Sos Consolidated | Launches Sales (% Even) | Sales (% Even) | |||||
Inventory SoS | RJ Inventory Sales | Inventory Sales (% Even) | ||||||
CANCELLATIONS
In 3Q21, cancellations totaled R$ 70 million, R$ 54 million %Even, representing 16% of gross sales, as shown below:
Cancellations
(PSV R$ Million and %Even)
15% | 16% | ||||||
14% | |||||||
8% | 9% | ||||||
209 | -21% | ||||||
166 | |||||||
88 | |||||||
54 | 56 | 56 | 54 | ||||
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | 9M20 | 9M21 | |
% Cancellations/Gross Sales | PSV Cancellations (% Even) | ||||||
*Preview and unaudited numbers
Operational Preview
/ 3rd Quarter 2021
(% Even) | 2020 | 2021 | ||||||
(R$ milion) | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | 9M21 | ||
Gross Sales | 567 | 693 | 643 | 410 | 330 | 1.383 | ||
Total Cancellations | 88 | 54 | 56 | 56 | 54 | 166 | ||
Net Sales | 480 | 639 | 586 | 354 | 277 | 1.217 | ||
Cancellations/Gross Sales | 15,4% | 7,7% | 8,8% | 13,6% | 16,2% | 12,0% | ||
DELIVERIES
In 3Q21, were delivered two projects in Rio Grande do Sul, totaling a PSV of R$ 183 million, which represents 492 units delivered (R$ 83 million % EVEN).
Deliveries | |||
(PSV R$ Million) | |||
705 | 492 | ||
242 | |||
77 | 0 | ||
226 | 183 | |||||||
141 | 50 | |||||||
100 | ||||||||
53 | 177 | |||||||
88 | 28 | 0 | ||||||
83 | ||||||||
12 | 16 | |||||||
0 | 0 | |||||||
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | ||||
# of units | PSV Deliveried (partners) | PSV Deliveried (% Even) | ||||||
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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Even Construtora e Incorporadora SA published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 21:21:19 UTC.