CCDI reported its 3Q09 results with the following highlights: - Contracted sales increased 12.6% over 2Q09 to R$194.5 million despite non-recurring accounting adjustments. - Gross profit declined significantly from R$27.4 million in the unadjusted 3Q09 to R$5.5 million as reported due to non-recurring charges of R$21.9 million. - Net loss widened to R$61.8 million in 3Q09 from R$2.9 million without adjustments, as other income/expenses included R$32.8 million in non-recurring charges. CCDI's results were significantly impacted by non-recurring

1. Conference Call
3Q09 Results
11/12/2009

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

3. 3
FRANCISCO SCIAROTTA
• CCDI’S Chief Executive Officer since September 30, 2009
• Academic Background:
– Economics and Accounting by Universidade Mackenzie
– MBA by the Business School de São Paulo
– specialization in controllership and financial management by the
Fundação Getúlio Vargas
• Professional Background:
– 2007-2009: CFO for the Shared Service Center, the Camargo Corrêa
Group´s strategic area responsible for the administrative management
of several of the Group’s business units
– 2004-2007: CFO for the Brazilian subsidiary of Sara Lee International
– 1999-2001: Vice President of Administration and Finance of the
American multi-national company Diveo
– 1993-1999: CFO for Camargo Corrêa Industrial and Cimento Cauê –
The Group´s cement company; and for PMV (Participações Morro
Vermelho), the holding company for the Group´s operations.

4. 4
NEW STRATEGY
appropriate and agile treatment
quality on construction
client on-time delivery
focus
work by process costs reduction
team work creativity and innovation
responsibility for results net margin suitable prices
integration recovery
sustainable development more with less

5. 5
BUSINESS UNITS
• Low Income
– Operations through HM Engenharia
– Devlopment of projects in accordance
with Federal Program Minha Casa,
Minha Vida
• Traditional
– Residential units
– Small offices
• Triple A
– Office Building standard AAA
– 1 launching per year

6. 6
GEOGRAPHIC FOCUS
• São Paulo
• Rio de Janeiro
• Minas Gerais
• Espírito Santo
• Paraná
Search for local
partnerships

7. 7
After its acquisition, HM has launched
almost R$500 million in PSV:
• More than 130,000 units built
75% ALREADY SOLD OUT
• More than 30 year of experience in development
and construction of low income real estate units. Barretos
São José do Rio Preto Ribeirão Preto
• Vertical Structure: development, construction and Franca
Colina
sales. Jaborandi
• Products in accordance with Federal Program
Minha Casa, Minha vida (up to R$130,000 per unit)
• Stock control acquired by CCDI on November, 2007
• Geographic Focus:
– Current: Metropolitan Region of Campinas Campinas
Piracicaba São Paulo
– Future: expansion to other cities and Estates Hortolândia
Sumaré
Santa Bárbara D’oeste
Jaguariúna
Pedreira

8. 8
HM Engenharia
Part of the group of the large Brazilian
construction companies, is eligible for
differentiated treatment from CEF when its
home loan lines of financing are approved.
First company to sign a contract with CEF from
the Federal Program Minha Casa, Minha Vida
7th largest operator of the program in Brazil

9. Operational Performance

10. 10
Highlights
Expanding Contracted Sales
CCDI Consolidated: R$194.5 million on 3Q09 (+ 12.6% over 2Q09)
HM Exclusive: R$117.1 million on 3Q09 (+42.2% over 2Q09)
Speed of Sales
CCDI Consolidated: 22.4% on 3Q09 and 41.2% on 9M09
HM Exclusive: 48.5% on 3Q09 and 38.4% on 9M09
Non-recurring accounting effects
The construction of the second tower of Ventura Corporate Tower, in Rio de
Janeiro, is in a final phase and the negotiation sale process is advanced.
Subsequent Events: CCDI launched “Quartier” in Curitiba (October) and “Taman”
in São Paulo (November). The combined Potential Sales Volume of the projects is
R$ 245.0 million.

11. 11
LAUNCHINGS
LAUNCHINGS(R$ MM) AVERAGE PRICE OF LAUNCHING
100% CCDI R$'000 per unit (Residential)
655.1
740.5 Only HM Engenharia
launchings
365.0
245.0
191.9
157.4
127.5
101.4
92.0
77.9
56.0
3Q08 2Q09 3Q09 4Q09 9M08 9M09 3Q08 4Q08 2Q09 3Q09 4Q09
* There were no launchings on 1Q09.

12. 12
4Q09 LAUNCHINGS
Location: Água Verde, Curitiba Location: Jardim Sul, São Paulo
Launching: October/2009 Launching: November/2009
Total PSV: R$ 127.6 million Total PSV: R$ 117.4 million
CCDI Share: 100% CCDI Share : 100%
Units: 162 Units: 212
Apartments: 139 m² to 335 m² Apartments: 142 m²

13. 13
CONTRACTED SALES
CONTRACTED SALES (R$MM) CONTRACTED SALES 3T09
No adjustments
by launching period
3Q09
Until 2007
3.3%
8.9%
1Q08
3.8%
2Q08
2Q09 1.3%
698.5
27.3%
503.0
488.1
209.4
200.3
194.5
172.8
3Q08
4Q08 30.4%
25.0%
3Q08 2Q09 3Q09 3Q09 No 9M08* 9M09 9M09 No
Adjust. Adjust.
* Excludes Ventura Corporate Towers values.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 9M09

14. 14
CONTRACTED SALES
3Q09 CONTRACTED SALES 3Q09 CONTRACTED SALES
No adjustments No adjustments
by market segments by location
Minas
Other
Gerais
4.0%
12.6% São Paulo
Rio de
Janeiro (Capital +
4.7% RMSP)
Low Income 27.2%
52.2%
Medium
31.9%
São Paulo
(Country +
Economic shoreline)
11.9% 55.4%
SALES FROM SEGMENTS UNDER SALES ORIGINED IN THE STATE OF
R$500,000 PER UNIT REPRESENTED 96% SÃO PAULO REPRESENTED: 86%
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 9M09

15. 15
INVENTORIES PRICED TO MARKET*
INVENTORIES PRICED TO MARKET 3Q09 INVENTORIES PRICED TO
(R$ MM) MARKET
By period of launching
3Q09
2Q09 5.7%
4Q08 2.9%
6.2%
999.0 3Q08
15.1%
810.8
608.7
2Q08
1.2%
Until 2007
1Q08
62.4%
3Q08 2Q09 3Q09 6.6%
*Excludes Ventura Corporate Towers (all periods) and Cassis (3Q09) values.

16. 16
LAND BANK
LAND BANK Discontinued Projects
(R$ BILLION) Aclimação - Anglo
0,8 Aldeia da Serra II - Xavier
AlphaSítio A1
Apipucos
Bertioga - Camping
10.0
9.2
Itaguaré - Proj. Delta
Lote 27
Villa São Paulo
2Q09 Land Bank Discontinued Projects 3Q09 Land Bank

17. 17
LAND BANK – R$9,2 billion in PSV
3Q09 LAND BANK 3Q09 LAND BANK
by Market Segment by Location
Other
Commercial São Paulo Estates
Low Income
13.0% Shoreline 7.4%
19.1%
0.6%
São Paulo
Countryside
11.6%
Other
22.8% São Paulo
Economic
Capital
21.3%
51.0%
RMSP
29.4%
Mid-High
9.0% Medium
17.5%

18. Financial Performance

19. 19
INCOME STATEMENTS RECONCILIATION
3T09 3T09 9M09 Adjust 9M09
INCOME STATEMENTS (R$ MILLION) Adjustments
No Adjust. Reported No Adjust. ments Reported
NET REVENUE FROM SALES AND/OR SERVICES 130.8 (26.9) 103.9 379.0 (31.9) 347.0
COST OF SALES, RENTALS AND SERVICES (103.4) 5.1 (98.4) (276.8) 0.6 (276.1)
SALES (103.3) 5.1 (98.2) (276.4) 0.6 (275.8)
SERVICES (0.1) - (0.1) (0.4) - (0.4)
GROSS PROFIT 27.4 (21.9) 5.5 102.2 (31.3) 70.9
GROSS MARGIN 20.9% 81.2% 5.3% 27.0% 98.0% 20.4%
OPERATING INCOME (EXPENSES) (24.1) (39.6) (63.7) (62.6) (39.6) (102.2)
SELLING EXPENSES (5.5) (4.1) (9.6) (16.4) (4.1) (20.5)
GENERAL AND ADMINISTRATIVE EXPENSES (18.5) (2.8) (21.3) (46.0) (2.8) (48.8)
OTHER INCOME (EXPENSES), NET (0.1) (32.8) (32.9) (0.2) (32.8) (32.9)
INCOME FROM OPERATIONS BEFORE FINANCIAL
3.3 (61.5) (58.2) 39.6 (70.9) (31.2)
INCOME (EXPENSES)
FINANCIAL INCOME (EXPENSES) (7.5) 0.7 (6.8) (7.3) 0.7 (6.6)
FINANCIAL INCOME 3.3 1.7 4.9 16.7 1.7 18.4
FINANCIAL EXPENSES (10.8) (1.0) (11.8) (24.1) (1.0) (25.1)
INCOME BEFORE INCOME TAX AND SOCIAL
(4.2) (60.8) (65.0) 32.3 (70.2) (37.9)
CONTRIBUTION
INCOME TAX AND SOCIAL CONTRIBUTION 1.3 2.0 3.3 (8.3) 2.0 (6.3)
NET INCOME (2.9) (58.9) (61.8) 24.0 (68.3) (44.2)
NET MARGIN -2.2% 218.6% -59.4% 6.3% 213.9% -12.7%
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 9M09

20. 20
GROSS AND NET REVENUES
GROSS REVENUES
(R$ MM)
487.8
360.7 393.8
136.5 138.8 108.2 136.1
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
NET REVENUES
(R$ MM)
469.6
347.0 379.0
131.4 133.5 103.9 130.8
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 9M09

21. 21
GROSS INCOME
GROSS INCOME
(R$ MM)
169,1
102,3
71,0
40,9 29,3 5,5 27,4
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
GROSS MARGIN
(%)
36.0%
31.1% 27.0%
21.9% 20.9% 20.5%
5.3%
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 9M09

22. 22
NET INCOME
NET INCOME
(R$ MM)
64.3
8.8 7.6 24.0
(2.9)
(44.2)
(61.8)
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
NET MARGIN
(%)
6.7% 5.7%
13.7% 6.3%
-2.2% -12.7%
-59.4%
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 9M09

23. 23
EBITDA
EBITDA
(R$ MM)
66.2
12.9 12.3 41.3
3.9
(29.6)
(57.6)
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
EBITDA MARGIN
(%)
9.8% 9.2%
3.0% 14.1% 10.9%
-8.5%
-55.5%
3Q08 2Q09 3Q09 3Q09 No 9M08 9M09 9M09 No
Adjust. Adjust.
NO ADJUSTMENTS: reversion of non-recurring adjustments made on 3Q09 and 9M09

24. 24
REVENUES AND RESULT TO BE APPROPRIATED
REVENUES TO BE APPROPRIATED RESULT TO BE APPROPRIATED
(R$ MM) (R$ MM)
935.0
877.3
787.8
222.1 233.4 247.1
3Q08* 2Q09 3Q09 3Q08 2Q09 3Q09
*3Q08 is not adjusted to the standards of Law nº 11.638.

25. 25
CASH AND INDEBTEDNESS
CHANGE IN CASH POSITION GROSS DEBT
(R$ MM) (R$ MM)
27.5
139.9
414.9
112.4 112,4
295.6
119.3
Cash on Jun/09 Cash used on 3T09 Cash position on
(net) Sep/09 3Q08* 2Q09 3Q09

26. CONTACT INFORMATION
Leonardo de Paiva Rocha
CFO and IRO ri.ccdi@camargocorrea.com.br
Fernando Bergamin
Investors Relations
Tel: (55 11) 3841-5880