This document summarizes CCDI's 4Q09 and full year 2009 results conference call. It discusses the company's operational performance in 2009 including launchings, contracted sales, inventories priced to market, and sales speed. Launchings increased significantly from 2008 to 2009. Contracted sales also increased year-over-year. Inventories priced to market decreased slightly from 3Q09 to 4Q09. Sales speed indicators like VSO and average sales speed improved throughout 2009. HM Engenharia's sales speed indicators showed strong improvement from 1Q09 to 4Q09. The document also notes that HM Engenharia acquired additional land in March 2010.

1. Conference Call
4Q09 and 2009 Results
03/11/2010

2. 2
SPEAKERS
• FRANCISCO SCIAROTTA
CFO – CCDI
• LEONARDO ROCHA
CFO and IRO- CCDI

3. Operational Performance

4. 4
2009 Retrospective
First Quarter:
Focus on the sale of inventory
Control of Cash Flow
Second Quarter:
Launching of the Federal Program “Minha Casa, Minha Vida”
Launchings in the Low Income segment
Third Quarter:
Strategy reformulation
Write-offs
Fourth Quarter:
Sale our stake at “Projeto Rio”, the subsidiary that is responsible for the
development of the Ventura Corporate Towers - Phase 2
New launchings
Debentures Issue

5. 5
LAUNCHINGS
LAUNCHINGS (R$ MM) AVERAGE PRICE OF LAUNCHING
100% CCDI R$’000 per unit (Residential)
900.2 347.1
551.1 191.9
393.7
127.5
159.7 56.0 77.9 92.0
4Q08 3Q09 4Q09 2008 2009 3Q08 4Q08 2Q09 3Q09 4Q09

6. 6
2009 LAUNCHINGS – HM ENGENHARIA
Location: Campinas Location: Campinas Location: Campinas
# Units: 784 # Units: 519 # Units: 304
PSV: R$ 56.2 million PSV: R$ 42.2 million PSV: R$ 27.0 million
Launching: 05/2009 Launching: 062009 Launching: 07/2009
Private area: 41 m² Private area: 49 m² and 64 m² Private area: 49 m² and 77 m²
Location: Ribeirão Preto Location: Sumaré
# Units: 304 # Units: 400
PSV: R$ 29.0 million PSV: R$ 36.0 million
Launching: 09/2009 Launching: 12/2009
Private area: : 49 m² Private area: 49, 78 and 113 m²

7. 7
2009 LAUNCHINGS - CCDI
Laucnhing:10/2009 Laucnhing:: 10/2009
Location: Curitiba Location: São Paulo
# Units: 162 Nº de unidades: 212
PSV: R$127.6 million PSV: R$117.0 million
Private Area: 139 m² and 335 m² Private Area: 142 m²
Laucnhing:12/2009
Location: São Paulo
Nº de unidades: 360 PSV: R$28,7 million PSV: R$35,5 million PSV: R$48,9 million
PSV: R$113.1 million # Units: 120 # Units: 88 # Units: 152

8. 8
CONTRACTED SALES
CONTRACTED SALES (R$ MM) CONTRACTED SALES 2009
100% CCDI By launching period
4Q09 Until 2007
11.6% 17.5%
3Q09
4.3% 1Q08
5.3%
913.9 2Q08
2Q09 1.6%
672.8 13.9%
214.8 194.5 185.0
4Q08 3Q08
16.8% 28.9%
4Q08 3Q09 4Q09 2008* 2009
* Excludes Ventura Corporate Towera values.

9. 9
CONTRACTED SALES
2009 CONTRACTED SALES 2009 CONTRACTED SALES
By Market Segment By Location
Rio de
Others Janeiro
18.2% Paraná
Low 3.9%
5.2%
Income Minas São Paulo
39.6% Gerais (country +
8.6% shoreline)
44.9%
Medium
24.5%
São Paulo
(Capital +
Economic RMSP)
17.7% 37.5%
SALES FROM SEGMENTS UNDER R$ 500,0 SALES ORIGNED IN THE SATATE OF SÃO PAULO
PER UNIT REPRESENTED 81.8% REPRESENTED: 82.4%

10. 10
INVENTORIES PRICED TO MARKET
INVENTORIES PRICED TO MARKET 4Q09 INVENTORIES PRICED TO
(R$ MM) MARKET
By period launching
4Q09
37.8% Until2007
42.9%
990.4
838.3 824.1
764.5
608.7
3Q09
1.9%
4Q08* 1Q09* 2Q09* 3Q09* 4Q09 2Q09
1.4% 2008
* Excludes Ventura Corporate Towers (all periods) and Cassis (3Q09) values. 16.0%

11. 11
SALES SPEED
Consolidado* 1Q09 2Q09 3Q09 4Q09 2009
VSO 12.2% 18.4% 23.7% 18.5% 43.6%
VV --- 170.4% 347.2% 47.0% 122.1%
Average Sales Speed 63.0% 75.1% 83.7% 82.1% 82.1%
* Excludes Ventura Corporate Towers (all periods).
HM Engenharia 1Q09 2Q09 3Q09 4Q09 2009
VSO 13.7% 31.0% 48.5% 45.4% 69.9%
VV 13.7% 31.0% 48.5% 45.4% 69.9%
Average Sales Speed 66.3% 80.0% 106.4% 101.4% 101.4%
SPEED OF SALES (VV): The Speed of Sales is the ratio between the amount sold in a given period of time over the amount launched during the same period of time. The higher
the ratio, the better. This indicator is a good way to track the sale of inventory.
SALES OVER OFFER (VSO): This indicator measures the ratio between the total amount of contracts sold over the total amount of contracts available for sale. The higher the
ratio, the faster the Company is selling its units. For analysis purposes, we have used retail units exclusively for both contracted sales and contracts available for sale.
AVERAGE SALES SPEED (SoS): The Average Sales Speed is an indicator used as a proxy to the monthly average selling volume, given historical information and the inventory
turnover speed. Once again, for this analysis, we have excluded the units launched and sold from the Ventura Corporate Towers’ phases 1 and 2.

12. 12
LAND BANK
HM Engenharia acquires
in March/2010 a piece
of land with PSV
LAND BANK estimated R$133.0 MM
in Cajamar
(R$ BILLION)
0.2
(0.3)
9.2 9.1
3Q09 Land Bank 4Q09 Launchings 4Q09 Acquisitions 4Q09 Land Bank

13. 13
LAND BANK – R$9.1 BILLION IN PSV
4Q09 LAND BANK 4Q09 LAND BANK
By Segment By Location
Commerci Other
Low Espírito States
al
Income Santo 2.8%
13.1%
21.3% São 3,9%
Paulo(cou
ntry +
Others
shoreline)
17.8% São Paulo
14.3%
Economic Capital
21.4% 49.3%
Mediun- RMSP
High 29.7%
11.8% Medium
14.6%

14. Financial Performance

15. 15
Important Facts in 2009
Third Quarter:
Write-offs
Fourth Quarter:
Sale our stake at “Projeto Rio”, the subsidiary that is responsible
for the development of the Ventura Corporate Towers - Phase 2
Debentures Issue

16. 16
Reconciliation of Income Statement
3Q09 Not 3Q09 2009 Not 2009
INCOME STATEMENTS (R$ MM) Adjust. Adjust.
Adjust. Reported Adjust. Reported
NET REVENUE FROM SALES AND/OR SERVICES 130.8 (26.9) 103.9 546.0 (31.9) 514.1
COST OF SALES, RENTALS AND SERVICES (103.4) 5.1 (98.4) (400.8) 0.6 (400.1)
SALES (103.3) 5.1 (98.2) (400.2) 0.6 (399.5)
SERVICES (0.1) - (0.1) (0.6) - (0.6)
GROSS PROFIT 27.4 (21.9) 5.5 145.2 (31.2) 114.0
GROSS MARGIN 20.9% 81.2% 5.3% 26.6% 97.8% 22.2%
OPERATING INCOME (EXPENSES) (24.1) (39.6) (63.7) 24.7 (39.6) (14.9)
SELLING EXPENSES (5.5) (4.1) (9.6) (24.4) (4.1) (28.5)
GENERAL AND ADMINISTRATIVE EXPENSES (18.5) (2.8) (21.3) (68.1) (2.8) (70.9)
OTHER INCOME (EXPENSES), NET (0.1) (32.8) (32.9) 117.2 (32.8) 84.5
INCOME FROM OPERATIONS BEFORE FINANCIAL
3.3 (61.5) (58.2) 169.9 (70.8) 99.1
INCOME (EXPENSES)
FINANCIAL INCOME (EXPENSES) (7.5) 0.7 (6.8) (13.4) 0.7 (12.7)
FINANCIAL INCOME 3.3 1.7 4.9 21.1 1.7 22.7
FINANCIAL EXPENSES (10.8) (1.0) (11.8) (34.4) (1.0) (35.4)
INCOME BEFORE INCOME TAX AND SOCIAL CONTRIBUTION (4.2) (60.8) (65.0) 156.6 (70.2) 86.4
INCOME TAX AND SOCIAL CONTRIBUTION 1.3 2.0 3.3 (30.4) 2.0 (28.4)
NET INCOME (2.9) (58.9) (61.8) 126.2 (68.2) 58.0
NET MARGIN (%) -2.2% 218.6% -59.4% 23.1% 213.8% 11.3%
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 2009

17. 17
Sale of Venda do Ventura – Phase II
Buyer: BTS participações e Investimentos Ltda
Transaction Value: R$211.0 million+ R$36.0 million = R$247,0 million
36.0 million is the estimated amount that BTS will need to complete the project. This
value will not be paid to CCDI.
Receiving:
R$ 100 million in the of the sale;
R$ 60 million – April/2010 and
R$ 51 million – in the date of the delivery construction – Jul or Aug/2010
Income Statement Effects:
R$ 117.4 million registries in other operating revenues.

18. 18
First Issue of Debentures
Characteristics: Simple debentures, not convertible in shares, unique series
Volume: R$ 400 million
Banks: Banco do Brasil (50%), Bradesco (20%) e Itaú BBA (30%)
Maturity: 50% in 24 months and 50% in 36 months
Remuneration: CDI + 2% aa.
Warranty: no real warranty
Objective: refinance of the Company’s indebtedness and working capital and/or
investments

19. 19
GROSS AND NET REVENUES (R$MM)
GROSS REVENUES
(R$ MM)
606.2 567.8
534.7
118.4 108.2 136.1 174.0
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
NET REVENUES
(R$ MM)
584.1 514.1 546.0
114.6 103.9 130.8 167.0
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 2009

20. 20
GOSS INCOME (R$MM)
GROSS INCOME
(R$ MM)
201.8
145.2
114.0
32.7 5.5 27.4 43.0
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
GROSS MARGIN
(%)
34.6%
28.5% 25.7% 26.6%
20.9% 22.2%
5.3%
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 2009

21. 21
NET INCOME (R$MM)
NET INCOME
(R$ MM)
126.2
102.2
51.8 58.0
(12.5) (61.8) (2.9)
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
NET MARGIN
(%)
61.2%
8.9% 10.6%
23.1%
-2.2%
.-11,0% -47.2%
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 2009

22. 22
EBITDA (R$MM)
EBITDA
(R$ MM)
172.1
130.8
101.2
3.9 58.6
(7.5) (57.6)
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
EBITDA MARGIN
(%)
78.3% 19.7%
10.0%
3.0% 31.5%
-6.6% -55.5%
4Q08 3Q09 3Q09 not 4Q09 2008 2009 2009 not
adjust. adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 2009

23. 23
REVENUES AND RESULTS TO BE RECOGNIZED (R$MM)
REVENUES TO BE RECOGNIZED RESULTS TO BE RECOGNIZED
(R$ MM) (R$ MM)
935.7 955.3 247.8 244.1
825.0 204.7
4Q08* 3Q09 4Q09 4Q08* 3Q09 4Q09
*4Q08 is not adjusted to the standards of Law nº 11.638

24. 24
CASH AND INDEBTEDNESS (R$MM)
CHANGE IN CASH POSITION GROSS DEBT
(R$ MM) (R$ MM)
179.0
600.6
318.9
414.9
139.9
110.4
Cash on Sep/2009 Cash generated on Cash position on
4Q09 Dec/09
4Q08 3Q09 4T09

25. INFORMAÇÕES DE CONTATO
Leonardo de Paiva Rocha
Diretor de Finanças e RI ri.ccdi@camargocorrea.com.br
Camila Poleto Bernardi
Relações com Investidores
Tel: (11) 3841-4824