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Destaques Operacionais 2T23 2T22 2T23 x 2T22 1T23 2T23 x 1T23 6M23 6M22 6M23 x 6M22
Lançamentos (1)
Número de Lançamentos 17 13 4 8 9 25 19 6
VGV Lançado - R$ milhões (100%) 3.514 2.326 51,1% 1.345 161,4% 4.859 3.364 44,4%
Participação CBR 78% 78% -0,6 p.p. 69% 8,3 p.p. 75% 80% -4,6 p.p.
VGV Permutado - R$ milhões (100%) 244 162 50,5% 86 184,1% 330 355 -6,9%
VGV Lançado ex-permuta - R$ milhões (%CBR) 2.537 1.673 51,7% 875 190,0% 3.412 2.379 43,5%
Vendas (2)
Vendas Totais Contratadas - R$ milhões (100%) 2.491 1.622 53,6% 1.545 61,3% 4.036 2.935 37,5%
Participação CBR 81% 86% -4,8 p.p. 75% 5,8 p.p. 79% 88% -9,4 p.p.
Vendas ex-permuta no %CBR 1.825 1.262 44,6% 1.100 65,9% 2.924 2.274 28,6%
Sobre a Cyrela Brazil Realty: Cyrela Brazil Realty S.A. Empreendimentos e Participações é
uma das maiores incorporadoras do mercado imobiliário do país. A Cyrela integra o Novo
Mercado da B3 e é negociada com o código CYRE3.
LANÇAMENTOS
VGV Lançado
(em R$ milhões – 100%)
+44,4%
4.859
+51,1% +161,4%
3.514 3.364 2.499
1.149 1.484
1.345
1.268 688 900
595
271 327
271 216
311 436 327 428 549
113
2T22 2T23 1T23 6M22 6M23
VGV Lançado
Ex-Permuta
(em R$ milhões – %CBR)
+43,5%
3.412
+51,7% +190,0%
2.537
2.379
1.673
875
VENDAS
As vendas líquidas contratadas neste trimestre somaram R$ 2.491 milhões, valor 54%
superior ao registrado no 2T22 (R$ 1.622 milhões) e 61% acima do 1T23 (R$ 1.545 milhões).
A participação da Companhia nas vendas contratadas foi de 81% no 2T23, inferior aos 86%
do mesmo trimestre do ano anterior e acima do 1T23 (75%). Em relação às demonstrações
contábeis, 83% das vendas líquidas do trimestre serão reconhecidas via consolidação e 17%
via método de equivalência patrimonial. No semestre, as vendas contratadas atingiram R$
4.036 milhões, sendo 38% superior ao mesmo período de 2022.
Vendas Contratadas
(em R$ milhões – 100%)
+37,5%
4.036
Vendas Contratadas
(em R$ milhões – 100%)
+37,5%
4.036
Vendas
Ex-Permuta
(em R$ milhões – %CBR)
+28,6%
2.924
1.825
1.262
1.100
*
3T22 41% 15% 8% 5% 69%
2T23 40%
CYRELA LAUNCHES R$3,514 MILLION AND SELLS R$2,491 MILLION IN THE QUARTER.
IN THE YEAR LAUNCHES OF R$4,859 MILLION AND SALES OF R$4,036 MILLION
São Paulo, July 12, 2023 - Cyrela Brazil Realty S.A. Empreendimentos e Participações (B3:
CYRE3; OTCQPink: CYRBY), informs the preview of the operating results for the second quarter
of 2023 (2Q23), versus the same period of 2022 (2Q22) and, as stated otherwise, versus the
first quarter of 2023 (1Q23). The operating results presented are subject to review by auditors.
4
Operational Highlights 2Q23 2Q22 2Q23 x 2Q22 1Q23 2Q23 x 1Q23 6M23 6M22 6M23 x 6M22
Launches (1)
Number of Launches 17 13 4 8 9 25 19 6
Launched PSV - R$ Million (100%) 3,514 2,326 51.1% 1,345 161.4% 4,859 3,364 44.4%
Cyrela's Share 78% 78% -0.6 p.p. 69% 8.3 p.p. 75% 80% -4.6 p.p.
Swapped PSV - R$ Million (100%) 244 162 50.5% 86 184.1% 330 355 -6.9%
Launched PSV ex-swaps - R$ Million (%CBR) 2,537 1,673 51.7% 875 190.0% 3,412 2,379 43.5%
Sales (2)
Pre-Sales Contracts - R$ Million (100%) 2,491 1,622 53.6% 1,545 61.3% 4,036 2,935 37.5%
Cyrela's Share 81% 86% -4.8 p.p. 75% 5.8 p.p. 79% 88% -9.4 p.p.
Pre-Sales ex-swaps - R$ Million (%CBR) 1,825 1,262 44.6% 1,100 65.9% 2,924 2,274 28.6%
About Cyrela Brazil Realty: Cyrela Brazil Realty S.A. Empreendimentos e Participações is
one of the largest residential real estate developers in Brazil. Cyrela is listed on B3’s Novo
Mercado under the ticker CYRE3.
Investor Relations
ri@cyrela.com.br | http://ri.cyrela.com.br/en/
OPERATING RESULTS PREVIEW 2Q23 | 2023
LAUNCHES
Cyrela launched 17 projects in the quarter, reaching a volume of R$3,514 million, 51%
higher than the presented in 2Q22 (R$2,326 million) and 161% up from 1Q23 (R$1,345
million). Swaps accounted R$244 million in the launches of the quarter vs. R$162 million in
2Q22 and R$86 million in 1Q23. Cyrela’s stake in 1Q23 launches reached 78%, in line with the
stake presented in 2Q22 (78%) and higher than 1Q23 (69%). Of the total PSV launched in
2Q23, 80% will be recognized through full consolidation and 20% through the equity method.
In 6M23, the PSV launched accounted for R$4,859 million, 44% up from 6M22.
Launched PSV
(in R$ million – 100%)
+44.4%
4,859
+51.1% +161.4%
3,514 3,364 2,499
1,149 1,484
1,345
1,268 688 900
595
271 327
271 0 216
311 436 327 428 549
113
2Q22 2Q23 1Q23 6M22 6M23
Excluding swaps and considering only the %CBR, the volume launched in the 2Q23
was R$2,537 million, 52% higher than the launches of the same quarter of the previous year
(R$1,673 million in 2Q22) and 190% up from 1Q23 (R$875 million). In the year, sales reached
R$3,412 million, compared to R$2,379 million in 2022.
Launched PSV
Ex-Swap (in R$ million - %CBR)
+43.5%
3,412
+51.7% +190.0%
2,537
2,379
1,673
875
PRE-SALES
Net pre-sales volume totaled R$2,491 million in the quarter, 54% up from 2Q22
(R$1,622 million) and 61% higher than the presented in 1Q23 (R$1,545 million). Cyrela’s stake
in the volume sold in the quarter was 81%, lower than the 86% presented in the same quarter
of 2022 and higher than the 1Q23 (75%). Of the total sales of the quarter, 83% will be
recognized through full consolidation and 17% through the equity method. In 6M23, net pre-
sales accounted for R$4,036 million, 38% higher than the previous year.
Pre Sales
(in R$ million – 100%)
+37.5%
4,036
In the quarter, R$140 million of total net pre-sales refer to finished inventory sales
(6%), R$952 million refer to under construction inventory sales (38%) and R$1,400 million
refer to sales of launches (56%). The speed of sales of projects launched in 2Q23 reached
40%.
Pre Sales
(in R$ million – 100%)
+37.5%
4,036
2,491
1,273
Excluding swaps and considering only %CBR, sales volume reached R$1,825 million in
2Q23, 45% higher than the same period of 2022 (R$1,262 million in 1Q22) and 66% up from
1Q23 (R$1,100 million). In the year, sales reached R$2,924 million, compared to R$2,274
million in 2022.
Sales
Ex-Swap
(in R$ million – %CBR)
+28.6%
2,924
1,825
1,262
1,100
SALES SPEED
The performance reported resulted in a sales’ speed LTM (Sales over Supply ratio) of
48.1%, higher than the sales’ speed LTM presented in the same quarter of 2022 (43.2%) and
down from 1Q23 (49.0%).
Regarding sales speed by launch vintage, 40% of the 2Q23 vintage has been sold.
2Q23 40%