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PDG Realty advances in the low income Planned
Neighborhoods concept and expands its activities to the
states of Goiás, Par...
Partnership Rationale



Expansion of the Planned Neighborhood activities with focus on low income units.

Inable PDG Real...
PDG Realty & EPAR Engenharia
Partnership
          p


The partnership will generate investment opportunities in low incom...
Geographic Expansion




   Presence in 44 cities and 12 States

   The states we are present represent:

            76,7...
Constant Deal Flow



                           At capital markets, operational and corporate finance levels
            ...
Final Comments



   Exposure to the Low Income          Low Income Pro rata PSV in the Landbank amounts to R$ 3,5 billion...
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Presentation – Geographic Expansion

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Presentation – Geographic Expansion

  1. 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) 3504-3800 E-mail: ri@pdgrealty.com.br 1 Website: www.pdgrealty.com.br/ir
  2. 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. f ti Leverage PDG Realty’s result. 2
  3. 3. PDG Realty & EPAR Engenharia Partnership p The partnership will generate investment opportunities in low income 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 y g py y y y g 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 li jt ith jf th l i t d of up to R$200 million per year (PDG Realty's share) as of 2009. 3
  4. 4. Geographic Expansion Presence in 44 cities and 12 States The states we are present represent: 76,7% of the country´s GDP 68% of the country´s population Source: Secovi, CBIC, ADEMI-RJ 4
  5. 5. Constant Deal Flow At capital markets, operational and corporate finance levels p ,p p arkets / Inv. Credit Suisse Deutsche Bank Real Estate road trip Conference (NY) One on one UBS Non Deal Road UBS Conference Conference Follow-On Show (NY) São Paulo London R$ 575 mm Relation IPO Debentures Santander Initiating Coverage Real Estate road trip Banco Brascan p R$ 432 mm $ R$ 250 mm $ Capital Ma Non Deal NY and Toronto Boston IPO UBS CEO R$ 304 mm Conference Initiating coverage Initiating Coverage Initiating Coverage (debenture) Operational 2Q07 4Q06 1Q07 Launches: 21 projects Launches: 16 projects Launches: 14 projects Sales pro rata: R$224 mm Sales pro rata: R$82 mm Sales pro rata: R$78 mm GSV pro rata : R$ 231mm GSV pro rata: R$ 159mm GSV pro rata: : R$ 144mm Acq. of 20% (+30% option) Acquisitio Pipeline Acq. of 21% Joint Venture Geographic Goldfarb and Expansion to Acq. of 14.5%2 CHL JV Midwest and on Joint Venture Northen States S JV Acq. Acq of 20% Acq. of 5% Joint Venture (+20% option) Acq. of 5% JV 36.9%1 Acq. of 40% Acq. of 10% Acq. of 30% Sale of 20% (+5% option) Dez -07 Nov -07 Jan-07 Feb-07 Mar-07 Apr-07 p May-07 y Jun-07 Jul-07 Aug-07 g Sep-07 p Oct -07 Notes: 1 25% directly and 11.9% indirectly through Lindencorp 5 2 Subject to further changes after new acquisitions
  6. 6. Final Comments Exposure to the Low Income Low Income Pro rata PSV in the Landbank amounts to R$ 3,5 billion Segment with over 42 k units Expertise and capacity to invest in: – Geographic regions gp g Diversification – Market – Income class segments Ability to “hire” the best management in the industry and leverage on hire Leverage on Partnership L Pt hi their specific and local knowledge Philosophy Additional capital gain Potential capital gains through its portfolio investments potential Management with strong real estate expertise, financial background and return oriented culture to implement PDG Realty´s business Realty s Management expertise strategy The right platform to accomplish a sustainable long term growth Unique business model in the Brazilian real estate market 6

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