Neighborhoods concept and expands its activities to the. Distrito Federal.

Transcription

1 PDG Realty advances in the low income Planned Neighborhoods concept and expands its activities to the states of Goiás, Pará, Mato Grosso, Mato Grosso do Sul e Distrito Federal. Relações com Investidores: Michel Wurman Diretor Vice-Presidente Financeiro e de RI João Mallet, CFA Gerente Financeiro e de RI Gustavo Janer Analista Financeiro e de RI Telefone: +55 (21) ri@pdgrealty.com.br Website: 1

2 Partnership Rationale Expansion of the Planned Neighborhood activities with focus on low income units. Inable PDG Realty s entrance yet into another market, spreading our capillarity and geographic diversification. Capture the potential swell in the real estate markets of Goiás, Pará, Mato Grosso, Mato Grosso do Sul and Distrito Federal. Alignment of interests between the shareholders of Goldfarb and EPAR Empreendimentos Imobiliários e Participações Ltda. Partnership with company with management team of effective technical capacity and performance execution. Leverage PDG Realty s result. 2

3 PDG Realty & EPAR Engenharia Partnership The partnership will generate investment opportunities in low-income residential real estate projects to be developed by Goldfarb within the Planned Neighborhood concept, marking Goldfarb s expansion into new regions. The partnership will focus on projects in the states of Goiás, Pará, Mato Grosso, Mato Grosso do Sul and the District Capital, which will be developed by a holding company 80% owned by PDG Realty and 20% by the remaining shareholders of Goldfarb EPAR's executive partners have more than 20 years experience with residential land parceling in the Midwest and North of Brazil and a highly successful real estate development track record. We believe the partnership will lead to the development of residential land parceling projects, with a major focus on the low-income segment and a PSV of up to R$200 million per year (PDG Realty's share) as of

4 Geographic Expansion Presence in 44 cities and 12 States The states we are present represent: 76,7% of the country s GDP 68% of the country s population Source: Secovi, CBIC, ADEMI-RJ 4

5 Constant Deal Flow At capital markets, operational and corporate finance levels Capital Ma arkets / Inv. Rela tion UBS Conference Non Deal Road One on one UBS São Paulo Show (NY) Conference London IPO Initiating Coverage Debentures R$ 432 mm R$ 250 mm Boston Initiating Coverage Credit Suisse Deutsche Bank Real Estate road trip Conference (NY) Santander Real Estate road trip UBS CEO Conference Initiating Coverage Banco Brascan Non Deal NY and Toronto Initiating coverage (debenture) Follow-On R$ 575 mm IPO R$ 304 mm Operational 4Q06 1Q07 Launches: 16 projects Launches: 14 projects Launches: 21 projects Sales pro rata: R$82 mm Sales pro rata: R$78 mm Sales pro rata: R$224 mm GSV pro rata: R$ 159mm GSV pro rata: : R$ 144mm GSV pro rata : R$ 231mm 2Q07 Acquisitio on Pipeline Acq. of 40% Acq. of 21% Acq. of 20% Acq. of 10% Joint Venture Joint Venture Sale of 20% JV Acq. of 14.5% 2 Acq. of 30% Joint Venture Acq. of 5% (+5% option) 36.9% 1 JV Acq. of 20% (+30% option) Goldfarb and CHL JV Acq. of 5% (+20% option) Geographic Expansion to Midwest and Northen States Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct -07 Nov -07 Dez -07 Notes: 1 25% directly and 11.9% indirectly through Lindencorp 2 Subject to further changes after new acquisitions 5

6 Final Comments Exposure to the Low Income Segment Diversification Leverage on Partnership Philosophy Low Income Pro rata PSV in the Landbank amounts to R$ 3,5 billion with over 42 k units Expertise and capacity to invest in: Geographic regions Market Income class segments Ability to hire the best management in the industry and leverage on their specific and local knowledge Additionalcapitalgain potential Managementexpertise expertise Potential capital gains through its portfolio investments Management with strong real estate expertise, financial background and return oriented culture to implement PDG Realty sbusiness strategy The right platform to accomplish a sustainable long term growth Unique business model in the Brazilian real estate market 6