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Cr2 out 2010-eng

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Cr2 out 2010-eng

  1. 1. CR2 Empreendimentos Imobiliários S/A October, 2010
  2. 2. Business Model Partnership With Pure Play Developer Control on Each Project Focus on Low- Strong Project Income Segment Origination Platform Ability to Anticipate Macro Trends 2
  3. 3. Ownership Breakdown – 2Q10 Board of Directors and Free Float Executive Officers 54,7% 45,3% Itaú Unibanco Autonomy Capital ADRs Bovespa 20,6% 10,6% 9,2% 14,3% 3
  4. 4. Launched PSV Total Launched PSV (R$mm) 586.3 400.0 347.0 586.3 164.0 400.0 55.7 64.1 183.0 55.7 42.0 22.1 2006 2007 2008 2009 2010 Capital and Metropoiltan Area of Rio de Janeiro Metropolitan Area of São Paulo 4
  5. 5. Project Conclusions We intend to reach the end of 2010 with R$702.5mm of PSV delivered, 69% of the total launched Delivery Schedule: PSV (R$mm) Delivery Schedule: Units 13 projects (69% of PSV Launched) 4.489 Units 2,697 426.7 91% 2,010 159.4 1,792 275.8 252.0 48.6 96% 87% 54.3 267.2 227.2 57.0 466 197.7 8.3 48.7 67% Delivered: from 2H10 2011 2012 Delivered: from 2H10 2011 2012 2008 to 1Q10 2008 to 1Q10 CR2 Partners Sold Inventory 5
  6. 6. Cash Position IPO: R$307,5 mm (R$284,5 mm ex - IPO expenses) Cash (R$ mm) 282.8 273.8 238.7 178.4 133.6 86.951.4 49.7 43.6 45.4 54.0 39.0 34.0 36.1 35.42006 1T07 2T07 3T07 4T07 1T08 2T08 3T08 4T08 1T09 2T09 3T09 4T09 1T10 2T10 6
  7. 7. Net Operating Revenue - Quarterly Net Operating Revenue (R$ mm) 130.7 101.4 100.7 75.9 71.8 75.2 69.0 58.6 51.7 27.2 1T08 2T08 3T08 4T08 1T09 2T09 3T09 4T09 1T10 2T10 7
  8. 8. Net Operating Revenue - Yearly Net Operating Revenue (R$ mm) 300.1 230.7 231.4 2008 2009 1S10 8
  9. 9. Net Profit CR2 - Quarterly Net Profit CR2 (R$ mm) 21.2 11.1 7.2 7.4 4.8 5.0 5.3 3.6 0.5 1.3 1T08 2T08 3T08 4T08 1T09 2T09 3T09 4T09 1T10 2T10 9
  10. 10. Net Profit CR2 - Yearly Net Profit CR2 (R$ mm) 37.6 15.1 14.6 2008 2009 1S10 10
  11. 11. Valuation: Price/Book Value* P/BV CR2 0,75 Inpar 0,86 Camargo 1,12 Trisul 1,20 Rodobens 1,35 Tecnisa 1,58 Eztec 1,67 Brookfield 1,72 Even 1,77 Gafisa 1,82 Rossi 1,97 Helbor 1,99 PDG 2,22 Direcional 2,45 Cyrela 2,61 MRV 3,34 *Data base: 10/13/2010 11
  12. 12. IR ContactInvestor RelationsRogério FurtadoChief Financial and Investor Relations OfficerPaulo CastroFinancial and IR AnalystContact:www.cr2.com.br/irri@cr2.com.brPhone: +55 (21) 3095-4600 / 3031-4600This presentation contains certain statements that are neither reported financial results or other historical information. They are forward-looking statements.Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied bythe statements. Many of these risks and uncertainties relate to factors that are beyond CR2’s ability to control or estimate precisely, such as future marketconditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators, the Companys ability to continue to obtainsufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic ortechnological trends or conditions, inflation and consumer confidence, on a global, regional or national basis.Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. CR2 does notundertake any obligation to publicly release any revisions to these forward looking statements to reflect events or circumstances after the date of thispresentation. 12

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