PRÉVIA DE RESULTADOS OPERACIONAIS
PRÉVIA DE RESULTADOS OPERACIONAIS
OPERATING RESULTS PREVIEW 3Q15 | 9M15
CYRELA SELLS R$ 1 BILLION IN THE QUARTER AND LAUNCHES R$ 610 MILLION
São Paulo, October 15, 2015 - Cyrela Brazil Realty S.A. Empreendimentos e Participações
(Bovespa: CYRE3, OTCQX: CYRBY), informs the preview of the operating results for the third
quarter of 2015 (3Q15 and 9M15) versus the same period of 2014 (3Q14 and 9M14), which
are subject to review by auditors.
LAUNCHES
Launches 100%
(R$ million)
-40.4%
3,588
547
2,139
439
3,041
-22.0%
783
274
%CBR
1,700
509
610
105
505
3Q14
3Q15
9M14
9M15
65%
83%
85%
79%
Cyrela
Partners
Cyrela ended the third quarter of 2015 with a volume of launches that reached
R$ 610 million, 22% lower vs. 3Q14 (R$ 783 million). Swaps accounted for R$ 59 million in
the launches of the quarter vs. R$ 34 million in the same period of 2014. In 9M15, the
volume launched accounted for R$ 2,139 million, a decrease of 40% vs. R$ 3,588 million in
9M14. In 9M15, Swaps accounted for R$ 104 million in the launches of the quarter vs.
R$ 708 million in 9M14.
PRÉVIA DE RESULTADOS OPERACIONAIS
PRÉVIA DE RESULTADOS OPERACIONAIS
OPERATING RESULTS PREVIEW 3Q15 | 9M15
In 9M15, there were no launches of “Minha Casa, Minha Vida - Faixa 1” (“MCMV
Faixa 1”) projects as well as in 9M14.
Cyrela’s stake in the launches of the period attained 83%, superior to the one
presented in 3Q14 (65%). In 9M15, Cyrela’s stake was of 79% vs. 85% in 9M14.
Based only in the company’s stake (%CBR) and excluding MCMV Faixa 1 and swaps,
the volume launched totaled R$ 460 million in the quarter, 6% inferior vs. same period of
last year (R$ 488 million in 3Q14). In 9M15, the volume launched (company’s stake) totaled
R$ 1,616 million vs. R$ 2,370 million in 9M14.
Launches ex-swaps and
“Faixa 1” %CBR
(R$ million and %CBR)
-31.8%
2,370
1,616
-5.9%
488
460
3Q14
3Q15
9M14
9M15
In the quarter, Cyrela launched 3 projects in São Paulo, 2 projects in Rio de Janeiro
and 1 in south region and most of them (84% of total PSV launched) were luxury and highend products.
PRÉVIA DE RESULTADOS OPERACIONAIS
PRÉVIA DE RESULTADOS OPERACIONAIS
OPERATING RESULTS PREVIEW 3Q15 | 9M15
PRE-SALES
Pre-sales volume totaled R$ 1,009 million in the quarter, 2% superior to the
R$ 992 million presented in 3Q14. In the year, pre-sales reached an amount of
R$ 2,546 million, 33% inferior to the same period of 2014.
Pre-Sales 100%
(R$ million)
-33.0%
3,797
597
2,546
558
+1.7%
%CBR
3,200
992
220
1,009
219
772
790
3Q14
3Q15
9M14
9M15
78%
78%
84%
78%
Partners
1,987
Cyrela
In 3Q15, 72% of total net pre-sales refers to inventory sales and 28% refers to
launches sales.
Cyrela’s stake in pre-sales attained 78% in the quarter, the same level presented in
3Q14. In 9M15, Cyrela’s stake was of 78% vs. 84% in 9M14.
PRÉVIA DE RESULTADOS OPERACIONAIS
PRÉVIA DE RESULTADOS OPERACIONAIS
OPERATING RESULTS PREVIEW 3Q15 | 9M15
Based only in the company’s stake (%CBR) and excluding MCMV Faixa 1 and swaps,
sales volume reached R$ 755 million in the quarter, 0.4% superior vs. same period of last
year (R$ 752 million in 3Q14). In 9M15, pre-sales totaled R$ 1,922 million, 26% inferior vs.
the same period of last year (R$ 2,601 million in 9M14).
Pre-Sales ex-swaps
and “Faixa 1”
%CBR
(R$ million and %CBR)
-26.1%
2,601
1,922
+0.4%
752
755
3Q14
3Q15
9M14
9M15
PRÉVIA DE RESULTADOS OPERACIONAIS
PRÉVIA DE RESULTADOS OPERACIONAIS
OPERATING RESULTS PREVIEW 3Q15 | 9M15
SALES SPEED
The performance reported above resulted in a sales’ speed LTM (Sales over Supply)
of 39.2%, below of sales’ speed LTM presented in the same quarter of 2014 (48.5%) and
slightly above to the one presented in 2Q15.
Excluding pre-sales and launches of MCMV Faixa 1, sales’ speed LTM reached 38.6%
vs. 46.5% in 3Q14
48.5%
SOS LTM ex-”Faixa 1”
45.3%
42.0%
38.1%
39.2%
46.5%
44.8%
41.4%
37.5%
38.6%
3Q14
4Q14
1Q15
2Q15
3Q15
About Cyrela Brazil Realty: Cyrela Brazil Realty S.A. Empreendimentos e Participações is one of the best
residential real estate developers in Brazil. Cyrela is listed on Bovespa’s Novo Mercado under the ticker CYRE3.
For further information, please contact:
Investor Relations
[email protected] | www.cyrela.com.br/ri