PDG Realty achieved record launches of R$704 million in 3Q08. Key highlights include:
- Launched pro rata PSV reached R$704 million in 3Q08 and R$1.87 billion in 9M08, representing 69.4% of the company's full year guidance.
- Pro rata contracted sales totaled R$448 million in 3Q08 and R$1.39 billion in 9M08.
- 48.3% of units launched in 3Q08 have already been sold, and 60.3% of units launched in 9M08 have been sold.
- Net revenue reached R$338.6 million in 3Q08
Please, dial in 5 minutes before the scheduled time.
The presentation will be available on our website: www.lpsb.com.br
Thank you for your participation.
The 1Q11 presentation summarizes LPS Brasil's operational and financial results for the first quarter of 2011. It highlights that contracted sales totaled R$3.5 billion, up 37% from the same period in 2010. CrediPronto originated R$209 million in mortgage loans in the quarter. Net revenue was R$77.4 million, up 23% year-over-year, and EBITDA was R$28.4 million, a 32% increase. Net income reached R$18.7 million, representing a 15% rise. The presentation also provides an overview of LPS Brasil's diversified business lines and their quarterly performance across primary and secondary markets as well as mortgage origination
This presentation summarizes LPS Brasil's 1Q11 results. Key highlights include:
- CrediPronto! received its first earn-out payment of R$30.9 million.
- Contracted sales totaled R$3.5 billion, up 37% from 1Q10.
- Net revenue was R$77.4 million, up 23% from 1Q10.
- EBITDA was R$28.4 million, up 32% from 1Q10, with a 37% margin.
- Net income reached R$18.7 million, up 15% from 1Q10.
The presentation provides additional details on operational results,
The document summarizes the financial results of Ideiasnet for 4Q09 and full year 2009. Key highlights include:
- Combined proportional net revenue was R$841.3 million in 2009 and R$233.1 million in 4Q09.
- Proportional EBITDA was R$6.5 million in 2009 and R$5.1 million in 4Q09.
- Proportional net loss was R$13.0 million in 2009 and R$6.1 million in 4Q09.
- Non-cash accounting adjustments resulted in a consolidated net loss of R$46.3 million.
Form 1066 U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Re...taxman taxman
This document is the 2008 U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return. It provides information on the REMIC's income, deductions, tax liability, and balance sheet. Key details include:
- The REMIC had total assets of $XXX at the end of the tax year.
- On Schedule D, the REMIC reported net capital gains or losses from assets held over and under one year.
- Schedule J calculates the REMIC's tax liability, including taxes on prohibited transactions, foreclosure properties, and contributions after the startup day.
- Schedules L and M provide the REMIC's year-end balance sheet and reconciliation of residual interest holders
This document provides financial highlights and statistical data for UnumProvident Corporation for the fourth quarter and full year of 2006. Some key details include:
- Full year 2006 net income was $411 million compared to $514 million in 2005.
- Premium income for 2006 was $7.948 billion compared to $7.816 billion in 2005.
- Total assets as of December 31, 2006 were $52.823 billion compared to $51.867 billion at the end of 2005.
- Sales from continuing operations increased 12.8% from $1.078 billion in 2005 to $1.106 billion in 2006, led by strong growth in the Unum US segment.
The 2010 presentation summarizes LPS Brasil's operational and financial results for 2010. The key points are:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for number of launches, sales, revenue, EBITDA, and net income.
- In 2010, LPS Brasil achieved record contracted sales of R$15.6 billion and sold 56,633 units, increases of 54% and 37% respectively from 2009.
- Net revenue totaled R$338.7 million in 2010, the highest in the sector. EBITDA was R$168.6 million, a 68% increase over 2009, and net income was R$132 million, 437%
The 2010 presentation summarizes LPS Brasil's operational and financial results for 2010. The key points are:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for number of launches, sales, revenue, EBITDA, and net income.
- In 2010, LPS Brasil achieved record contracted sales of R$15.6 billion and sold 56,633 units, increases of 54% and 37% respectively from 2009.
- Net revenue totaled R$338.7 million in 2010, the highest in the sector. EBITDA was R$168.6 million, a 68% increase over 2009, and net income was R$132 million, 437%
Please, dial in 5 minutes before the scheduled time.
The presentation will be available on our website: www.lpsb.com.br
Thank you for your participation.
The 1Q11 presentation summarizes LPS Brasil's operational and financial results for the first quarter of 2011. It highlights that contracted sales totaled R$3.5 billion, up 37% from the same period in 2010. CrediPronto originated R$209 million in mortgage loans in the quarter. Net revenue was R$77.4 million, up 23% year-over-year, and EBITDA was R$28.4 million, a 32% increase. Net income reached R$18.7 million, representing a 15% rise. The presentation also provides an overview of LPS Brasil's diversified business lines and their quarterly performance across primary and secondary markets as well as mortgage origination
This presentation summarizes LPS Brasil's 1Q11 results. Key highlights include:
- CrediPronto! received its first earn-out payment of R$30.9 million.
- Contracted sales totaled R$3.5 billion, up 37% from 1Q10.
- Net revenue was R$77.4 million, up 23% from 1Q10.
- EBITDA was R$28.4 million, up 32% from 1Q10, with a 37% margin.
- Net income reached R$18.7 million, up 15% from 1Q10.
The presentation provides additional details on operational results,
The document summarizes the financial results of Ideiasnet for 4Q09 and full year 2009. Key highlights include:
- Combined proportional net revenue was R$841.3 million in 2009 and R$233.1 million in 4Q09.
- Proportional EBITDA was R$6.5 million in 2009 and R$5.1 million in 4Q09.
- Proportional net loss was R$13.0 million in 2009 and R$6.1 million in 4Q09.
- Non-cash accounting adjustments resulted in a consolidated net loss of R$46.3 million.
Form 1066 U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Re...taxman taxman
This document is the 2008 U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return. It provides information on the REMIC's income, deductions, tax liability, and balance sheet. Key details include:
- The REMIC had total assets of $XXX at the end of the tax year.
- On Schedule D, the REMIC reported net capital gains or losses from assets held over and under one year.
- Schedule J calculates the REMIC's tax liability, including taxes on prohibited transactions, foreclosure properties, and contributions after the startup day.
- Schedules L and M provide the REMIC's year-end balance sheet and reconciliation of residual interest holders
This document provides financial highlights and statistical data for UnumProvident Corporation for the fourth quarter and full year of 2006. Some key details include:
- Full year 2006 net income was $411 million compared to $514 million in 2005.
- Premium income for 2006 was $7.948 billion compared to $7.816 billion in 2005.
- Total assets as of December 31, 2006 were $52.823 billion compared to $51.867 billion at the end of 2005.
- Sales from continuing operations increased 12.8% from $1.078 billion in 2005 to $1.106 billion in 2006, led by strong growth in the Unum US segment.
The 2010 presentation summarizes LPS Brasil's operational and financial results for 2010. The key points are:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for number of launches, sales, revenue, EBITDA, and net income.
- In 2010, LPS Brasil achieved record contracted sales of R$15.6 billion and sold 56,633 units, increases of 54% and 37% respectively from 2009.
- Net revenue totaled R$338.7 million in 2010, the highest in the sector. EBITDA was R$168.6 million, a 68% increase over 2009, and net income was R$132 million, 437%
The 2010 presentation summarizes LPS Brasil's operational and financial results for 2010. The key points are:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for number of launches, sales, revenue, EBITDA, and net income.
- In 2010, LPS Brasil achieved record contracted sales of R$15.6 billion and sold 56,633 units, increases of 54% and 37% respectively from 2009.
- Net revenue totaled R$338.7 million in 2010, the highest in the sector. EBITDA was R$168.6 million, a 68% increase over 2009, and net income was R$132 million, 437%
The 2010 presentation summarizes LPS Brasil's operational and financial results for 2010. The key points are:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for number of launches, sales, revenue, EBITDA, and net income.
- In 2010, LPS Brasil achieved record contracted sales of R$15.6 billion and sold 56,633 units, increases of 54% and 37% respectively from 2009.
- Net revenue totaled R$338.7 million in 2010, the highest in the sector. EBITDA was R$168.6 million, a 68% increase over 2009, and net income was R$132 million, 437%
The document provides highlights from LPS Brasil's 2010 presentation. It summarizes that:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for launches, sales, revenue, EBITDA, and net income.
- Key metrics like contracted sales, mortgages sold, revenue, EBITDA, and net income all reached record highs.
- The secondary market operation, Pronto!, became profitable in 2010 with net income of R$13.6 million.
- Net income for LPS shareholders was R$108.5 million in 2010, up 51% from 2009.
unum group 3Q 07_Statistical_Supplement_and_Notesfinance26
The document is a statistical supplement from Unum Group providing financial highlights and consolidated statements of operations for various periods in 2007 and comparisons to prior years. It includes information on premium income, revenue, income and losses from continuing and discontinued operations, assets, equity, per share information, dividends paid, book value, and stock prices. Certain years are noted as including claim reassessment charges, costs related to debt retirement, broker settlement expenses, and tax benefits or refunds received.
The document provides an earnings review for The Bank of New York Mellon Corporation for the first quarter of 2009. It summarizes key financial highlights including a 14% decline in operating revenue compared to the first quarter of 2008. Earnings were impacted by $295 million in securities write-downs. Expense reductions of 10% helped offset declining revenues. Capital ratios improved with the Tier 1 capital ratio reaching 13.8%. Assets under management declined 5% from the prior quarter to $881 billion due to market depreciation, while assets under custody/administration fell 3% to $19.5 trillion.
This document is Northrop Grumman Corporation's quarterly report filed with the SEC for the quarter ended June 30, 2008. It includes financial statements and notes related to the company's sales, costs, expenses, earnings, segments and backlog for the three and six month periods ended June 30, 2008 and 2007. It also includes management's discussion of results, liquidity, accounting policies and forward-looking statements. The report is intended to provide investors with ongoing information about the company's financial position and operating performance.
unum group 8_1_1_2Q07StatisticalSupplementandNotesfinance26
The document is a statistical supplement from Unum Group providing financial highlights and results for the second quarter and first half of 2007, as well as annual results for 2006, 2005, and 2004. Some key details include:
- Premium income for the second quarter was nearly $2 billion, similar to the prior year. Net income increased 23% to $153 million compared to the second quarter of 2006.
- Segment operating revenue for the first half of 2007 was over $5 billion, a slight increase from the prior year. Net income increased 68% to $332 million for the first six months of 2007.
- Total assets exceeded $52 billion as of June 30, 2007, an increase from the end of
This document is Calpine Corporation's quarterly report on Form 10-Q for the quarter ended March 31, 2007 filed with the SEC. It includes Calpine's consolidated condensed financial statements and notes for the quarter. Key details include that Calpine reported a net loss of $81 million for the quarter on revenues of $1.6 billion. As of March 31, 2007, Calpine had $7.9 billion in total assets and $21.9 billion in liabilities subject to compromise in its Chapter 11 bankruptcy proceedings. The report also provides an overview of Calpine's business operations, liquidity and capital resources, regulatory environment, and financial market risks.
This document is Northrop Grumman Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ending September 30, 2006. It includes financial statements and notes related to the company's financial position, results of operations, and cash flows for the quarter. Specifically, it provides information on the company's sales, costs, operating margins, assets, liabilities, earnings per share, and segment results for the quarter. It also discusses legal proceedings, commitments, new accounting standards, and backlog that management believes are important for investors.
Credit Suisse Group benefited in the first six months of 1997 from restructuring efforts and favorable market conditions. The Group reported a 70% increase in net profit to CHF 1.413 billion. All four business units saw revenue growth, with Credit Suisse First Boston contributing 58% of total revenues. Total costs increased 24% compared to the same period last year, with higher personnel costs accounting for much of the rise. The Group maintained a comfortable capital position, with BIS core and total capital ratios improving.
Form 1120-RIC U.S. Income Tax Return for Regulated Investment Companies taxman taxman
This document is a U.S. Income Tax Return for Regulated Investment Companies (Form 1120-RIC) for the year 2008. It provides key financial information including total assets (line D), taxable income (Part I), deductions for dividends paid (Schedule A), and tax computation (Schedule J). The form includes additional schedules that provide details on tax-exempt interest, compensation of officers, balance sheets, and reconciliation of book income to tax return income. The 3 page document is a tax filing for a regulated investment company to report income, deductions, and tax calculations to the IRS.
The document provides a summary of International Accounting Standards IAS 1 through IAS 41. It lists each standard and provides a brief 1-2 sentence description of the key topics or requirements covered in each standard. The summaries are intended to provide a quick orientation to the various standards.
This document is Lincoln Financial Group's statistical report for the first quarter of 2008. It provides financial highlights and details for Lincoln's individual and employer markets segments, as well as investment management, Lincoln UK, and other operations. The report includes income statements, balance sheets, account value roll forwards, assets under management, and other key metrics. This revised report solely corrects a line item for variable annuity expenses and makes no other changes to the financial information presented.
This document is Northrop Grumman Corporation's Form 10-Q filing for the quarter ending September 30, 2008. It provides the company's financial statements including the condensed consolidated statement of operations, balance sheet, and cash flows for the quarter. It also includes Management's Discussion and Analysis which provides an overview of the company's operating results, backlog, liquidity, and critical accounting policies. The filing includes exhibits such as agreements and certifications.
Embraer released its second quarter 2011 results. Revenues reached $1.358 billion and gross margin grew to 22.4%. EBIT was $105.6 million
and the EBIT margin was 7.8%, in line with guidance. Net income was $96.4 million compared to $57.4 million in the prior year. Embraer delivered
25 commercial and 23 executive jets. The company revised its 2011 revenue guidance upward to $5.8 billion from $5.6 billion and revised other
guidance metrics accordingly.
This document is a statistical report from Lincoln Financial Group for the second quarter of 2008. It includes:
- Financial highlights showing income from operations by segment, with total income from operations of $341.8 million, down 8% from the second quarter of 2007.
- Consolidated statements of income and balance sheets for the periods.
- Segment data including income statements, account value roll forwards, sales and other operational metrics for Individual Markets (Life Insurance and Annuities), Employer Markets (Defined Contribution, Executive Benefits, Group Protection), Investment Management, Lincoln UK, and Other Operations.
- Tables of contents, analyst coverage, and explanatory notes on definitions and accounting treatments.
This document provides an overview and summary of Liberty Global's 3rd Quarter 2008 Investor Call. It begins with introductory remarks noting the company's stable growth, diverse markets, and strategy remaining intact. The agenda outlines sections on operating updates, financial results, and Q&A. Key highlights include rebased growth rates of 6% for revenue and 13% for OCF year-to-date, record OCF margins in Q3, and growing penetration of advanced services driving ARPU and net adds across various markets. Financial results show continued OCF and free cash flow growth. The balance sheet maintains significant liquidity and leverage metrics trending lower. Limited near-term debt amaturities provide flexibility.
- Profarma's gross revenue reached R$ 764.3 million in 2Q09, up 3.1% YoY. Net income increased 66.2% to R$ 17.9 million.
- Gross profit margin was 12.8% of net revenue, up 3.0 percentage points YoY. EBITDA margin reached 5.8%, up 2.1 percentage points YoY.
- Revenue from the hospital and vaccine segment grew 47.9% YoY, while generic revenue grew 39.6% QoQ.
- Operating expenses were 7.7% of net revenue, down 0.3 percentage points YoY. Cash flow generation was positive at R$
- The document provides operational and financial highlights for PDG Realty for 3Q08 and 9M08.
- In 3Q08, PDG Realty launched R$704 million in new projects and contracted sales totaled R$448 million, with 48.3% of launched units already sold.
- For 9M08, contracted sales totaled R$1.39 billion and launched projects reached R$1.87 billion, representing 69.4% of the company's full year guidance.
PDG Realty saw strong growth in contracted sales and launches in 2Q09. Contracted sales reached R$710 million, up 69% from 1Q09, while launches totaled R$615 million. The company also saw record sales from inventory of R$445 million. Financially, net revenue increased 64% to R$501 million in 2Q09 compared to 1Q09, while adjusted EBITDA grew 38% to R$107 million. PDG Realty's pro forma landbank reached R$8.2 billion, with 56 thousand units eligible for the housing program.
PDG Realty reported strong financial and operational results for 2Q09 and 1H09. Contracted sales reached R$710 million in 2Q09, a 69% increase over 1Q09, with net revenue reaching R$501 million, up 64% over 2Q08. The company also saw growth in adjusted EBITDA and net income. Operationally, PDG Realty expanded its landbank, launched new projects totaling R$615 million, increased sales from inventory, and saw more units priced under Brazil's affordable housing program.
Bank of America reported first quarter 2005 results with key highlights including a 21% increase in diluted EPS compared to fourth quarter 2004. Revenue was up 2% from the previous quarter driven by strength in trading and mortgage banking offsetting seasonal declines in consumer business. Credit quality continued to improve across both consumer and commercial portfolios although credit card losses rose due to portfolio growth and minimum payment changes. Overall, the results demonstrated continued momentum in the company's consumer and commercial businesses.
The presentation provides an overview of LPS Brasil's operational and financial results for the second quarter of 2011, highlighting record contracted sales of R$5 billion, net revenue of R$127 million (up 59% year-over-year), and net income of R$39.7 million. CrediPronto also achieved strong growth in mortgage originations and financed volume.
The 2010 presentation summarizes LPS Brasil's operational and financial results for 2010. The key points are:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for number of launches, sales, revenue, EBITDA, and net income.
- In 2010, LPS Brasil achieved record contracted sales of R$15.6 billion and sold 56,633 units, increases of 54% and 37% respectively from 2009.
- Net revenue totaled R$338.7 million in 2010, the highest in the sector. EBITDA was R$168.6 million, a 68% increase over 2009, and net income was R$132 million, 437%
The document provides highlights from LPS Brasil's 2010 presentation. It summarizes that:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for launches, sales, revenue, EBITDA, and net income.
- Key metrics like contracted sales, mortgages sold, revenue, EBITDA, and net income all reached record highs.
- The secondary market operation, Pronto!, became profitable in 2010 with net income of R$13.6 million.
- Net income for LPS shareholders was R$108.5 million in 2010, up 51% from 2009.
unum group 3Q 07_Statistical_Supplement_and_Notesfinance26
The document is a statistical supplement from Unum Group providing financial highlights and consolidated statements of operations for various periods in 2007 and comparisons to prior years. It includes information on premium income, revenue, income and losses from continuing and discontinued operations, assets, equity, per share information, dividends paid, book value, and stock prices. Certain years are noted as including claim reassessment charges, costs related to debt retirement, broker settlement expenses, and tax benefits or refunds received.
The document provides an earnings review for The Bank of New York Mellon Corporation for the first quarter of 2009. It summarizes key financial highlights including a 14% decline in operating revenue compared to the first quarter of 2008. Earnings were impacted by $295 million in securities write-downs. Expense reductions of 10% helped offset declining revenues. Capital ratios improved with the Tier 1 capital ratio reaching 13.8%. Assets under management declined 5% from the prior quarter to $881 billion due to market depreciation, while assets under custody/administration fell 3% to $19.5 trillion.
This document is Northrop Grumman Corporation's quarterly report filed with the SEC for the quarter ended June 30, 2008. It includes financial statements and notes related to the company's sales, costs, expenses, earnings, segments and backlog for the three and six month periods ended June 30, 2008 and 2007. It also includes management's discussion of results, liquidity, accounting policies and forward-looking statements. The report is intended to provide investors with ongoing information about the company's financial position and operating performance.
unum group 8_1_1_2Q07StatisticalSupplementandNotesfinance26
The document is a statistical supplement from Unum Group providing financial highlights and results for the second quarter and first half of 2007, as well as annual results for 2006, 2005, and 2004. Some key details include:
- Premium income for the second quarter was nearly $2 billion, similar to the prior year. Net income increased 23% to $153 million compared to the second quarter of 2006.
- Segment operating revenue for the first half of 2007 was over $5 billion, a slight increase from the prior year. Net income increased 68% to $332 million for the first six months of 2007.
- Total assets exceeded $52 billion as of June 30, 2007, an increase from the end of
This document is Calpine Corporation's quarterly report on Form 10-Q for the quarter ended March 31, 2007 filed with the SEC. It includes Calpine's consolidated condensed financial statements and notes for the quarter. Key details include that Calpine reported a net loss of $81 million for the quarter on revenues of $1.6 billion. As of March 31, 2007, Calpine had $7.9 billion in total assets and $21.9 billion in liabilities subject to compromise in its Chapter 11 bankruptcy proceedings. The report also provides an overview of Calpine's business operations, liquidity and capital resources, regulatory environment, and financial market risks.
This document is Northrop Grumman Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ending September 30, 2006. It includes financial statements and notes related to the company's financial position, results of operations, and cash flows for the quarter. Specifically, it provides information on the company's sales, costs, operating margins, assets, liabilities, earnings per share, and segment results for the quarter. It also discusses legal proceedings, commitments, new accounting standards, and backlog that management believes are important for investors.
Credit Suisse Group benefited in the first six months of 1997 from restructuring efforts and favorable market conditions. The Group reported a 70% increase in net profit to CHF 1.413 billion. All four business units saw revenue growth, with Credit Suisse First Boston contributing 58% of total revenues. Total costs increased 24% compared to the same period last year, with higher personnel costs accounting for much of the rise. The Group maintained a comfortable capital position, with BIS core and total capital ratios improving.
Form 1120-RIC U.S. Income Tax Return for Regulated Investment Companies taxman taxman
This document is a U.S. Income Tax Return for Regulated Investment Companies (Form 1120-RIC) for the year 2008. It provides key financial information including total assets (line D), taxable income (Part I), deductions for dividends paid (Schedule A), and tax computation (Schedule J). The form includes additional schedules that provide details on tax-exempt interest, compensation of officers, balance sheets, and reconciliation of book income to tax return income. The 3 page document is a tax filing for a regulated investment company to report income, deductions, and tax calculations to the IRS.
The document provides a summary of International Accounting Standards IAS 1 through IAS 41. It lists each standard and provides a brief 1-2 sentence description of the key topics or requirements covered in each standard. The summaries are intended to provide a quick orientation to the various standards.
This document is Lincoln Financial Group's statistical report for the first quarter of 2008. It provides financial highlights and details for Lincoln's individual and employer markets segments, as well as investment management, Lincoln UK, and other operations. The report includes income statements, balance sheets, account value roll forwards, assets under management, and other key metrics. This revised report solely corrects a line item for variable annuity expenses and makes no other changes to the financial information presented.
This document is Northrop Grumman Corporation's Form 10-Q filing for the quarter ending September 30, 2008. It provides the company's financial statements including the condensed consolidated statement of operations, balance sheet, and cash flows for the quarter. It also includes Management's Discussion and Analysis which provides an overview of the company's operating results, backlog, liquidity, and critical accounting policies. The filing includes exhibits such as agreements and certifications.
Embraer released its second quarter 2011 results. Revenues reached $1.358 billion and gross margin grew to 22.4%. EBIT was $105.6 million
and the EBIT margin was 7.8%, in line with guidance. Net income was $96.4 million compared to $57.4 million in the prior year. Embraer delivered
25 commercial and 23 executive jets. The company revised its 2011 revenue guidance upward to $5.8 billion from $5.6 billion and revised other
guidance metrics accordingly.
This document is a statistical report from Lincoln Financial Group for the second quarter of 2008. It includes:
- Financial highlights showing income from operations by segment, with total income from operations of $341.8 million, down 8% from the second quarter of 2007.
- Consolidated statements of income and balance sheets for the periods.
- Segment data including income statements, account value roll forwards, sales and other operational metrics for Individual Markets (Life Insurance and Annuities), Employer Markets (Defined Contribution, Executive Benefits, Group Protection), Investment Management, Lincoln UK, and Other Operations.
- Tables of contents, analyst coverage, and explanatory notes on definitions and accounting treatments.
This document provides an overview and summary of Liberty Global's 3rd Quarter 2008 Investor Call. It begins with introductory remarks noting the company's stable growth, diverse markets, and strategy remaining intact. The agenda outlines sections on operating updates, financial results, and Q&A. Key highlights include rebased growth rates of 6% for revenue and 13% for OCF year-to-date, record OCF margins in Q3, and growing penetration of advanced services driving ARPU and net adds across various markets. Financial results show continued OCF and free cash flow growth. The balance sheet maintains significant liquidity and leverage metrics trending lower. Limited near-term debt amaturities provide flexibility.
- Profarma's gross revenue reached R$ 764.3 million in 2Q09, up 3.1% YoY. Net income increased 66.2% to R$ 17.9 million.
- Gross profit margin was 12.8% of net revenue, up 3.0 percentage points YoY. EBITDA margin reached 5.8%, up 2.1 percentage points YoY.
- Revenue from the hospital and vaccine segment grew 47.9% YoY, while generic revenue grew 39.6% QoQ.
- Operating expenses were 7.7% of net revenue, down 0.3 percentage points YoY. Cash flow generation was positive at R$
- The document provides operational and financial highlights for PDG Realty for 3Q08 and 9M08.
- In 3Q08, PDG Realty launched R$704 million in new projects and contracted sales totaled R$448 million, with 48.3% of launched units already sold.
- For 9M08, contracted sales totaled R$1.39 billion and launched projects reached R$1.87 billion, representing 69.4% of the company's full year guidance.
PDG Realty saw strong growth in contracted sales and launches in 2Q09. Contracted sales reached R$710 million, up 69% from 1Q09, while launches totaled R$615 million. The company also saw record sales from inventory of R$445 million. Financially, net revenue increased 64% to R$501 million in 2Q09 compared to 1Q09, while adjusted EBITDA grew 38% to R$107 million. PDG Realty's pro forma landbank reached R$8.2 billion, with 56 thousand units eligible for the housing program.
PDG Realty reported strong financial and operational results for 2Q09 and 1H09. Contracted sales reached R$710 million in 2Q09, a 69% increase over 1Q09, with net revenue reaching R$501 million, up 64% over 2Q08. The company also saw growth in adjusted EBITDA and net income. Operationally, PDG Realty expanded its landbank, launched new projects totaling R$615 million, increased sales from inventory, and saw more units priced under Brazil's affordable housing program.
Bank of America reported first quarter 2005 results with key highlights including a 21% increase in diluted EPS compared to fourth quarter 2004. Revenue was up 2% from the previous quarter driven by strength in trading and mortgage banking offsetting seasonal declines in consumer business. Credit quality continued to improve across both consumer and commercial portfolios although credit card losses rose due to portfolio growth and minimum payment changes. Overall, the results demonstrated continued momentum in the company's consumer and commercial businesses.
The presentation provides an overview of LPS Brasil's operational and financial results for the second quarter of 2011, highlighting record contracted sales of R$5 billion, net revenue of R$127 million (up 59% year-over-year), and net income of R$39.7 million. CrediPronto also achieved strong growth in mortgage originations and financed volume.
This document provides supplemental financial information for Bank of America for the first quarter of 2007, including:
- Consolidated financial highlights such as net income, revenue, assets and equity.
- Segment results and key metrics for the Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management segments.
- Additional financial details like loans and leases, credit quality, and net interest income.
- Financial statements including the consolidated statement of income and consolidated balance sheet for the quarter.
The information is preliminary and based on company data available at the time. Forward-looking statements are subject to risks described in Bank of America's SEC filings.
Lopes presented operational and financial results for 3Q09. Key highlights include:
- Contracted sales totaled R$2.6 billion, up 15% from 2Q09.
- Pro forma EBITDA was R$30 million, up 37% from 2Q09.
- Pro forma net income was R$18 million, up 61% from 2Q09.
- Guidance for 2009 contracted sales was increased from R$8.0-8.5 billion to R$9.0 billion.
This document provides an overview and agenda for Liberty Global's 3rd Quarter 2008 Investor Call. It begins with introductory remarks noting the company's stable growth, diverse markets, and intact strategy. The agenda outlines sections on operating updates, financial results, and Q&A. Under operating updates, it summarizes key metrics and trends for UPC Broadband, J:COM, VTR and other segments. The financial results section reviews revenue, operating cash flow, capital expenditures, balance sheet, debt amortization schedule and conclusions. It directs readers to an appendix for definitions of terms used.
This document summarizes the 2Q07 results presentation of PDG Realty. Some key highlights include:
- Potential sales volume (PSV) launched was R$499.86 million, of which R$230.77 million was PDG Realty's share.
- 57% of units launched in the quarter were already sold.
- PDG Realty participated in the launch of 21 projects totaling 2,570 units.
- 88% of residential units launched were in the middle and lower-middle income segments.
This document summarizes Emerson's third quarter 2008 earnings conference call. Some key points:
- Sales were up 14% to $6.6 billion with increases in 4 of 5 business segments. Underlying sales growth was 7%, led by strong international growth.
- Operating profit margin improved 30 basis points to 16.6%. Earnings per share from continuing operations were up 15% to $0.82.
- Order growth was between +10-15% in the quarter. The balance sheet remains strong with cash flow to debt at 64%.
- Process Management sales increased 18% to $1.731 billion, with underlying growth of 13%.
Bank of America reported first quarter 2009 results. Net income was $4.2 billion with diluted EPS of $0.44. Revenue was a record $36.1 billion driven by strong results in global markets and mortgage banking. Provision for credit losses increased to $13.4 billion as reserves were strengthened. Bank of America remains committed to supporting customers and clients during the economic downturn.
- Bank of America reported $4.2 billion in net income for Q1 2009, down from the previous quarter but up from the same period last year. Revenue was $36.1 billion, a record high.
- Results included Merrill Lynch revenues and expenses following the acquisition. Global Markets reported record results despite $1.7 billion in capital markets disruption charges.
- Mortgage banking income was $3.3 billion, up significantly year-over-year, driven by higher home loan production volumes from Countrywide and low interest rates.
- Ideiasnet reported declining revenue and negative EBITDA in 2Q09 due to impacts on the e-commerce sector from tax changes in São Paulo. Revenue was down 18.9% YoY while EBITDA turned negative.
- A key highlight was the sale of Braspag for R$25 million, generating a high return for Ideiasnet.
- Investments continued in media, communications and content companies, though this sector reported an EBITDA loss due to growth investments.
- The portfolio is being migrated to a new investment fund, Ideiasnet FIP I, to increase dynamism in the portfolio.
BRMalls reported strong financial and operational results for 2Q07. Consolidated net revenue grew 117.5% to R$41.2 million, while adjusted EBITDA increased 125.4% to R$27.5 million compared to 2Q06. During the quarter, BRMalls acquired 9 new malls adding 244,777 square meters of total GLA. Subsequent to 2Q07, BRMalls acquired 7 more malls adding 146,170 square meters of total GLA. BRMalls also discussed plans for future developments including a 38,000 square meter mall in Mooca, Sao Paulo with an expected 24% unleveraged IRR.
Citigroup reported quarterly financial results, with net income of $3.92 billion for 3Q 2002, a 23% increase over 3Q 2001. Core income, which excludes certain items, was $3.79 billion for 3Q 2002, up 17% from the prior year. Diluted earnings per share on net income were $0.76 for the quarter, rising 25% year-over-year, while diluted EPS on core income increased 19% to $0.74. Citigroup operates as a global financial services company with over 200 million customer accounts in more than 100 countries.
This document provides quarterly financial data for Citigroup, including:
1) Income statements for Citigroup's major business segments by both product view and regional view, showing income from continuing operations for 2003 and 2002.
2) Key financial metrics for Citigroup such as revenues, assets, capital ratios, and earnings per share for 2003 and 2002.
3) Supplementary financial details including statements of income, financial position, loan delinquency and more for Citigroup.
The document contains detailed quarterly performance information for Citigroup to allow analysis of results and trends by major business and geographic segments.
Presentation on the sale of light cemigEquatorialRI
Cemig is increasing its stake in Light S.A., an electricity distribution company. This marks the beginning of a second stage in Light's history and a new era of growth. Cemig will become a minority shareholder alongside a new investment fund in a special purpose company that will hold up to a 26.06% stake in Light. The transaction price is R$785 million for each 13.03% block of Light shares. This acquisition will create opportunities to capture synergies between Cemig and Light's generation, transmission and distribution assets and customer bases. It will also increase Cemig's exposure to Rio de Janeiro's growing economy.
This document summarizes Northrop Grumman's Q3 2008 financial results. It highlights increases in sales, earnings per share, cash from operations, and new business awards compared to Q3 2007. The CEO also notes share repurchases, a record backlog, opportunities for growth, and raised guidance for full year EPS. Updates are provided on major defense programs and milestones. The CFO discusses the company's liquidity, risk mitigation efforts, and negotiating better contracts. Projections for full year 2008 sales, margins, cash flow, and earnings are included. Potential impacts of market declines on 2009 pension expenses are also estimated.
This document summarizes Northrop Grumman's Q3 2008 financial results. It highlights increases in sales, earnings per share, cash from operations, and new business awards compared to Q3 2007. The CEO also notes share repurchases, a record backlog, opportunities for growth, and raised guidance for full year EPS. Updates are provided on major defense programs and milestones. The CFO discusses the company's liquidity, risk mitigation efforts, and negotiating better contracts. Projections for full year 2008 sales, margins, cash flow, and earnings are included. Potential impacts of market declines on 2009 pension expenses are also estimated.
O documento apresenta os principais destaques operacionais e financeiros da empresa no 2T10 e 1S10. As vendas contratadas totalizaram R$30,2 bilhões e as despesas com vendas e G&A representaram 8,7% e 9,7% das lançamentos no 2T10 e 1S10 respectivamente. A dívida líquida, excluindo SFH e parcerias, totalizou R$1,6 bilhão em 30/06/2010 e seu vencimento está demonstrado no cronograma.
PDG completed its acquisition of AGRE in June 2010. It has since renegotiated and restructured AGRE's debt, reducing costs and extending maturities. Integration efforts between the two companies are underway and include payroll reductions, landbank optimization, and adopting PDG's financial and operational benchmarks. PDG has also increased its stake in a partnership with LN Empreendimentos, issued new receivables-backed securities, and seen its weight in the IBOVESPA index rise.
O documento apresenta os resultados operacionais e financeiros da PDG Realty no 2T09 e 1S09, destacando o crescimento nas vendas contratadas, lançamentos e resultados financeiros em comparação aos mesmos períodos de 2008. Também resume eventos recentes como emissões de debêntures e CRI, expansão da Goldfarb, e aprovação de desdobramento de ações.
O documento resume os resultados financeiros e operacionais da PDG Realty no 2T09 e 1S09, destacando forte crescimento nas vendas, expansão do landbank e lançamentos direcionados ao programa "Minha Casa Minha Vida". Também apresenta eventos recentes como emissão de CRI, debêntures conversíveis e não conversíveis, desdobramento de ações e expansão das operações da Goldfarb.
PDG Realty conducted several financial operations in 2Q09, including a R$45 million securitization and issuing convertible debentures. Shareholders will vote on issuing R$300 million in debentures to finance projects. Contracted sales reached R$848 million in 2Q09, up 69% over 1Q09. The company's landbank grew 17% to R$8.2 billion spread across 62 cities in Brazil and Argentina.
O documento resume os resultados financeiros e operacionais da PDG Realty no 2T09 e 1S09, destacando forte crescimento nas vendas, expansão do landbank e lançamentos direcionados ao programa "Minha Casa Minha Vida". Também informa sobre eventos recentes como emissão de debêntures e CRI, desdobramento de ações e expansão das operações da Goldfarb.
A apresentação corporativa da PDG Realty resume quem eles são como uma empresa imobiliária, sua visão geral, diversificação geográfica, resultados financeiros, exposição ao segmento econômico de baixa renda, envolvimento no programa "Minha Casa Minha Vida", e como entrar em contato com a empresa.
PDG Realty announces plans to issue up to R$276 million in convertible debentures to reinforce its cash position and pursue investment opportunities. The debentures will mature in 42 months and pay an annual interest rate of CDI plus 2%. BNDESPAR commits to subscribing R$155 million worth of debentures, while FIP PDG I commits to subscribing R$21.6 million and aims to subscribe up to R$121 million total. The debenture issue remains subject to shareholder approval.
Presentation - Forward exercise of 20% options in GoldfarbPDG Realty
PDG Realty exercised its option to increase its stake in Goldfarb to 100%. The deal consolidates Goldfarb operations under PDG Realty and increases exposure to the low-income housing segment. The payment terms from the original memorandum of understanding in 2007 will be preserved, with future payments calculated using the original formula. Goldfarb management will remain in place under long-term exclusivity and non-compete agreements. The transaction is accretive to valuation. PDG Realty will issue shares and warrants to the founding partners of Goldfarb to complete the acquisition.
Presentation – Forward exercise of 30% options in CHLPDG Realty
PDG Realty is increasing its stake in CHL to 100% through an early exercise of its call option. The deal will consolidate CHL entirely under PDG Realty to increase operational efficiency. The original terms from 2007 for future payments will be preserved and calculated using the original formula. CHL's management will remain in long term commitments. Pro forma financial results for 2008 show what 100% ownership of CHL would look like.
Apresentação - Segunda Emissão de DebênturesPDG Realty
A PDG Realty anuncia a emissão de debêntures conversíveis no valor de até R$276 milhões para fortalecer sua posição de caixa e captar recursos com taxas atrativas. A estrutura da operação inclui a remuneração equivalente à variação do CDI acrescida de 2% ao ano e o prazo de vencimento de 42 meses. O BNDESPAR e o FIP PDG I se comprometeram a subscrever parte significativa das debêntures.
Apresentação - Exercício antecipado da opção de 20% da GoldfaPDG Realty
A PDG Realty aumentou sua participação na Goldfarb para 100%. A operação antecipou o exercício da opção de compra dos 20% restantes da Goldfarb, por meio da emissão de ações e bônus de subscrição da PDG Realty. A fórmula de cálculo para conversão das ações permanece a mesma do acordo original, e os resultados pro forma de 2008 mostram um aumento nas métricas operacionais e financeiras com a participação total.
Apresentação - Exercício antecipado da opção de 30% da CHLPDG Realty
A PDG Realty aumentou sua participação total na CHL através da antecipação do exercício de opções de compra originalmente previstas para 2009-2012. A estrutura mantém os mesmos termos do acordo original, com a PDG Realty emitindo ações e bônus de subscrição em troca das ações remanescentes da CHL. O acordo visa à consolidação das empresas e manutenção do management da CHL no longo prazo.
This document provides a summary of PDG Realty's capital budget and planned investments for 2008. It includes:
1) Investments made in 2008 totaled R$170.2 million, with 45.5% going to portfolio companies and 38.9% to co-development.
2) Planned investments for 2008 total R$365.6 million, with portfolio companies receiving 49.6% and co-development 37.1%.
3) The main sources of financing are retained earnings of R$50.7 million and cash of R$641.8 million carried over from 2007. R$365.6 million will be invested in 2008, and the remaining R$293.1
PDG Realty signs a co-development agreement with Habiarte Barc to develop residential and commercial projects in Ribeirão Preto, São Paulo. The agreement will see 4 joint projects with a total PSV of R$140 million for PDG, expanding their presence in the growing real estate market of northeastern São Paulo. Habiarte Barc brings over 20 years of experience developing over 1,300 units in the region. The partnership will leverage both companies' strengths to capture opportunities in Ribeirão Preto's strong economy, driven by agribusiness and qualified labor.
A PDG Realty firmou parceria com a Habiarte Barc para desenvolver projetos imobiliários residenciais e comerciais na região de Ribeirão Preto, no interior de São Paulo. A parceria inclui 3 projetos iniciais com VGV de R$140 milhões para a PDG Realty. A região de Ribeirão Preto tem uma economia forte no agronegócio e renda per capita acima da média nacional.
Este documento apresenta o plano de investimentos e fontes de financiamento da PDG Realty para 2008. O plano prevê investimentos de R$365,6 milhões, sendo 49,6% em empresas do portfólio e 37,1% em co-incorporações. As fontes de financiamento serão 92,7% do caixa e 7,3% da retenção de lucros.
PDG Realty has invested $7 million to acquire a 30% stake in TGLT S.A., an Argentine real estate company, to enter the Argentine market. TGLT aims to become the leading residential developer in Argentina through developing large projects in major cities with margins of 18-27% and securing land for future projects. TGLT has successfully developed residential projects in Argentina since 2002 and has a pipeline of new projects planned for launch in 2008. The investment will allow PDG Realty to partner with an established player and gain exposure to the growing Argentine real estate sector.
Goldfarb strengthens its relationship with Caixa Economica Federal (CEF), Brazil's largest mortgage lender, by signing a letter of intent to provide mortgage financing for 12,000 housing units per year through CEF. The partnership is aimed to accelerate the mortgage approval process, increase financing volume from CEF, and improve Goldfarb's cash flow. It will create a credit approval unit within Goldfarb dedicated to processing applications for CEF financing exclusively for Goldfarb clients. This will help consolidate Goldfarb's position as the largest operator of CEF's associative credit program.
PDG Realty expands its activities related to planned neighborhoods for low-income residents to the states of Goiás, Pará, Mato Grosso, Mato Grosso do Sul and Distrito Federal. The company forms a partnership with EPAR Empreendimentos Imobiliários e Participações Ltda to develop low-income residential real estate projects in these new regions, focusing on projects worth up to R$200 million per year. The partnership will leverage PDG Realty's expertise and allow expansion into new markets.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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1. PDG REALTY REACHES RECORD LAUNCHES OF R$ 704 MILLION IN THE 3Q08.
Rio de Janeiro, November 11th, 2008 – PDG Realty S.A. Empreendimentos e Participações - PDGR3 - announces its results for the third quarter of
2008 (3Q08) and nine months of 2008 (9m08). The company's consolidated financial statements are prepared in accordance with the accounting practices
mentários de Desempenho 4T07 e 2007
adopted in Brazil pursuant to Brazilian legislation and the regulations of the Brazilian Securities and Exchange Commission (CVM).
LAUNCHED PRO RATA PSV REACHED R$704 MILLION;
OPERATIONAL PRO RATA CONTRACTED SALES TOTALED R$448 MILLION;
HIGHLIGHTS 3Q08 48.3% OF THE UNITS LAUNCHED IN 3Q08 HAVE ALREADY BEEN SOLD;
76.4% OF THE LAUNCHES WHERE IN THE LOW INCOME SEGMENT.
60.3% OF THE UNITS LAUNCHED IN 9M08 HAVE ALREADY BEEN SOLD;
OPERATIONAL CONTRACTED SALES TOTALED R$1.39 BILLION;
HIGHLIGHTS 9M08 LAUNCHED PRO RATA PSV REACHED R$1.87 BILLION, REPRESENTING 69.4% OF THE MID
RANGE OF THE 2008 FULL YEAR GUIDANCE.
NET REVENUE REACHED R$338.6 MILLION IN 3Q08 AND R$862.8 MILLION IN 9M08 , AN
INCREASE OF 139% WHEN COMPARED TO 9M07;
FINANCIAL
EBITDA REACHED R$94.6 MILLION IN 3Q08 WITH A 27.9% MARGIN. IN 9M08 TOTALED
HIGHLIGHTS 3Q08 &
R$240.8 MILLION WITH A 27.9% MARGIN;
9M08
ADJUSTED NET INCOME REACHED R$69.2 MILLION IN 3Q08 WITH A 20.4% MARGIN.
IN 9M08 TOTALED R$183.8 MILLION WITH A 21.3% MARGIN.
CONSOLIDATED CASH POSITION OF R$ 341 MILLION IN 3Q08;
SOLID CASH POSITION
AND LOW INVENTORY ACCESS TO ADDITIONAL CREDIT LINES OF APPROXIMATELY R$3 BILLION;
LEVELS
73.4 % OF LAUNCHED AND NOT SOLD UNITS ARE FROM 2008 LAUNCHES.
OPERATIONAL AND FINANCIAL HIGHLIGHTS
(1) Including partners' interest in jointly controlled subsidiaries.
(2) Land parceling units were excluded from the calculation of total private area launched, average area and average price,in order to avoid distortions.
(3) EBITDA is used by our management as a measure of performance. Our EBITDA has been calculated pursuant to CVM Circular 1/2005, which provides that EBITDA may be defined as profit before net financial income (expenses), income
tax and social contributions, depreciation and amortization. EBITDA is not a performance measure included in BR GAAP and does not represent cash flow for the periods presented. EBITDA should not be considered as a substitute for net
income as an indicator of operating performance neither as a substitute for cash flow nor as an indicator of liquidity. Given that EBITDA has no standardized meaning, our definition of EBITDA may not be comparable to the EBITDA used by
other companies.
PDG Realty – 3Q08 & 9M08 Results 1
2. INDEX
mentários de Desempenho 4T07 e 2007
3Q08 & 9M08 Results Page
Overview 9M08 3
Operational Highlights 4
Sales 4
Launches 7
Landbank 9
Breakdown of the payment status 11
Breakdown by source of funding 12
Recent Events 13
Shares Buyback Program 13
JV with Dominus Engenharia – Launching of its first project 13
Sponsored Depositary Receipts Level 1 Program 13
Financial Performance 13
Net Revenue 13
Cost of Good Solds 14
Gross Profit 14
Operational Expenses 15
Financial Result 15
Adjusted Net Income 15
EBITDA 16
Deferred Income 16
Consolidated Balance Sheet 17
Cash, cash equivalents and long term investments 17
Land and Properties Held for Sale 17
Accounts Receivable 17
Indebtness 17
Debt Breakdown 19
Accounting Reconciliation 20
Income Statement 3Q08 & 3Q07 21
Income Statement 9M08 & 9M07 22
Balance Sheet 23
Conference Call 24
IR contacts 24
About PDG Realty S/A 24
PDG Realty – 3Q08 & 9M08 Results 2
3. PDG REALTY – OVERVIEW 9M08
mentários de Desempenho 4T07 e 2007
During the 9M08 PDG Realty is taking benefit from the consolidation of its portfolio investments
conduced last year. Today we developed a business platform that allows us to indentify and execute
good investment opportunities in several regions always combining our expertise with our local
partners one.
We highlight that currently we held a controlling position in our main investments and that this
investments accounts for 79% of our 9M08 launchings and 82% of our 9M08 EBITDA.
Investments
80% (+20% option) 70% (+30% option)
Main
Our operational agreements enable PDG Realty to post a national footprint and gain knowledge of the
local markets behavior.
Ventures
Joint
We held also important investments in our portfolio, each one counting on a specialized and qualified
management team to run the business models.
Portfolio
30.0%
36.9% (1) 15.9% 6.3%
15.9%
The table below presents the breakdown of our 9M08 results by segment:
EBITDA
Landbank Launches Sales Net Gross Net
Segment
(%)
pro rata PSV (%) pro rata PSV (%) pro rata PSV (%) Revenues (%) Profit (%) Income (%)
71% 72% 70% 64% 62% 61% 61%
Low Income
9% 9% 10% 15% 16% 15% 14%
Mid
14% 7% 8% 14% 15% 16% 17%
Mid-high & High
2% 10% 9% 7% 7% 8% 8%
Commercial
4% 1% 2% 0% 0% 0% 0%
Land Parcelling
100% 100% 100% 100% 100% 100% 100%
Total
PDG Realty – 3Q08 & 9M08 Results 3
4. mentários de Desempenho 4T07 e 2007 AND INVENTORY
OPERATIONAL PERFORMANCE – SALES
Sales
Contracted Sales reached R$2.25 billion in 9M08 (3Q08: R$685m). PDG Realty´s pro rata stake
amounted to R$1.39 billion (3Q08: R$448m).
From the sales of 3Q08, R$302.9 million came from 3Q08 launchings and R$144.9 from inventory.
Contracted Sales pro rata (R$ mln) Contracted Sales pro rata (R$ mln)
1.387
448
338
641
3Q07 3Q08 9M07 9M08
Pro rata Contracted Sales 3Q08 ‐ Geographic Breakdown
Pro rata Contracted Sales 3Q08 ‐ Segments
Commercial, 7% Paraná, 6%
Land Parcelling, 7%
SP ‐ other
cities, 34%
São Paulo, 16%
Mid Income, 15%
Low Income, 72% Rio de
Janeiro, 44%
PDG Realty – 3Q08 & 9M08 Results 4
5. The table below shows the main figures for the projects launched in 3Q08, 48% of the units
launched were sold in the quarter of launch:
mentários de Desempenho 4T07 e 2007
São Paulo ‐ Capital
1 Residencial Ravenna 34.0 90.00% 30.6 228 55% 16.9 Low Income
2 Campi dei Fiori 15.6 80.00% 12.5 164 41% 5.2 Low Income
3 Terrazza Marina 33.1 90.00% 29.8 174 34% 10.3 Low Income
4 Residencial Vitória - 1a fase 26.6 90.00% 23.9 243 25% 6.0 Low Income
5 Villa Esperança 9.9 90.00% 8.9 104 13% 1.1 Low Income
6 Refúgio Jaguaré 22.3 90.00% 20.1 97 26% 5.2 Low Income
São Paulo ‐ other cities
1 Gran Vita Club House 17.2 90.00% 15.5 105 40% 6.2 Low Income
2 Cadiz Residencial 45.0 90.00% 40.5 255 45% 18.4 Low Income
3 Botânico - 1a fase 21.3 90.00% 19.2 116 15% 2.8 Low Income
4 Solaris 25.4 90.00% 22.9 126 10% 2.2 Low Income
5 Ville de Soleil 21.7 90.00% 19.6 117 8% 1.5 Low Income
6 Reserva dos Lagos - 2a fase 34.4 90.00% 31.0 175 28% 8.7 Low Income
7 Pratical Life 56.1 90.00% 50.5 350 33% 16.6 Low Income
8 Bella Cittá 36.3 90.00% 32.7 184 16% 5.3 Low Income
9 Eco Life Campestre 52.0 77.45% 40.3 228 34% 13.6 Mid
10 Quinta do Golfe 132.6 15.98% 21.2 591 100% 21.2 Land Parcelling
Rio de Janeiro
1 Arboretto Residencial 31.3 65.00% 20.4 222 21% 4.2 Low Income
2 Avante 26.4 70.00% 18.5 113 57% 10.5 Mid
3 Griffe 29.7 70.00% 20.8 109 78% 16.2 Mid
4 Estrelas 202.0 70.00% 141.4 800 67% 94.5 Low Income
Minas Gerais
1 Alameda da Serra 70.6 80.00% 56.5 50 36% 20.3 Commercial
Paraná
1 Reserva das Torres 31.6 58.22% 18.4 223 64% 11.8 Low Income
2 Cenarium 17.7 50.00% 8.9 42 48% 4.2 Mid
23 Total 992.8 703.7 4,816 48% 302.9
The chart below demonstrates the sales speed reached by the developments within its quarter of
launch.
800
Contracted Sales from
same quarter launch / Launched pro rata PSV
700
600
704
573 597
500
474
400
385
300
200
54% 51% 43%
49%
100 40%
0
3Q07 4Q07 1Q08 2Q08 3Q08
Launches Contracted Sales
PDG Realty – 3Q08 & 9M08 Results 5
6. The table below shows PDG Realty´s historical track record of launches and its respective sales
position and aging of the units in inventory. We can notice that 80% of all the units launched so far
have been sold and that 73% of the total inventory value comes from units launched in 2008.
mentários de Desempenho 4T07 e 2007
Launch Units Launched Units Sold % Sold % of Total Inventory
2003 296 296 100% 0%
‐ ‐ ‐ 0%
1Q2003
‐ ‐ ‐ 0%
2Q2003
188 188 100% 0%
3Q2003
108 108 100% 0%
4Q2003
2004 882 863 98% 1%
‐ ‐ ‐ 0%
1Q2004
69 56 81% 0%
2Q2004
176 173 98% 0%
3Q2004
637 634 100% 0%
4Q2004
2005 2,731 2,665 98% 0%
26 26 100% 0%
1Q2005
649 596 92% 0%
2Q2005
54 54 100% 0%
3Q2005
2,002 1,989 99% 0%
4Q2005
2006 4,176 3,996 96% 11%
1,032 1,032 100% 0%
1Q2006
418 418 100% 0%
2Q2006
489 464 95% 10%
3Q2006
2,237 2,082 93% 2%
4Q2006
2007 12,860 11,409 89% 15%
1,632 1,441 88% 2%
1Q2007
2,641 2,406 91% 2%
2Q2007
4,758 4,532 95% 2%
3Q2007
3,829 3,030 79% 9%
4Q2007
2008 13,343 8,048 60% 73%
4,006 2,958 74% 16%
1Q2008
4,521 2,768 61% 24%
2Q2008
4,816 2,322 48% 34%
3Q2008
‐
Total 34,288 27,277 80%
Below we demonstrate our sales speed calculation (Sales Over Supply) and final inventory position:
PDG Realty – 3Q08 & 9M08 Results 6
7. Inventory of units launched and not sold at market value
mentários de Desempenho 4T07 e 2007
Inventory Breakdown ‐ Segments Inventory Breakdown by Geography
Commercial, 3% Espírito Santo, 3%
Bahia, 2%
High, 11% Paraná, 3%
SP ‐ other
Mid ‐ high, 7% cities, 43%
São Paulo, 28%
Mid, 12%
Low Income, 67%
Rio de
Janeiro, 20%
OPERATIONAL PERFORMANCE - LAUNCHES
OPERACIONAL -
Total Launched PSV reached R$2.75 billion in 9M08 (3Q08: R$993 million). PDG Realty stake totaled
R$1.87 billion (3Q08: R$704m), spread over 62 projects (3Q08: 23 projects).
Launched pro rata PSV ‐ R$ mln
Launched pro rata PSV ‐ R$ mln
1.874
704
385
760
9M07 9M08
3Q07 3Q08
PSV pro rata Launches 3Q08 ‐ Income Segments PSV pro rata Launches 3Q08 ‐ Geographic Breakdown
Commercial; 8%
Minas Gerais; 8%
Paraná; 4%
Land Parcelling;
3%
Mid Income; 13%
SP ‐ demais
cidades; 45%
São Paulo; 18%
Low Income; 76% Rio de Janeiro;
26%
PDG Realty – 3Q08 & 9M08 Results 7
8. Below, we highlight some projects launched with different partners in 3Q08:
mentários de Desempenho 4T07 e 2007
ESTRELAS
Partner CHL
Rio de Janeiro/ RJ
Location
September/2008
Launch
R$ 202 mln
Total PSV
800
Units
67%
% sales
QUINTA DO GOLF
Partner Cipasa
São José do Rio Preto/SP
Location
September/2008
Launch
R$ 132 mln
Total PSV
591
Units
100%
% sales
RESIDENCIAL RAVENNA
Partner GOLDFARB
São Paulo / SP
Location
August/2008
Launch
R$ 34 mln
Total PSV
228
Units
55%
% sales
PDG Realty – 3Q08 & 9M08 Results 8
9. LANDBANK
mentários de Desempenho reaches e 2007 (distributed across 303 projects), representing
Our current pro rata landbank 4T07 R$7.4 billion
a 54% increase when compared to the 3Q07 and a decrease of 13% when compared to 2Q08. This
reduction is a result of a conservative policy of cash exposure, not exercising some options that
would have been paid in cash.
We continue to maintain a comfortable level of landbank, supporting 2 to 3 years of future
launches.
The average PSV for a project in our landbank comes to R$55.7 million (the pro rata PSV averages
R$24.5 million).
Landbank Geografic Distribution
Landbank Segmentation ‐ Pro Rata PSV
Land Parceling;
High; 1,0%
4,5% GO, 8.4%
MT, 0.5% AR, 4.3%
Commercial;
SC, 1.2%
Mid High &
1,8% SP, 11.5%
High; 12,8% RS, 0.0%
PR, 1.8%
MG, 4.4%
Mid; 8,7%
BA, 1.3%
ES, 1.8%
SP ‐ other cities;
47,0%
RJ, 17.9%
Low Income;
71,3%
Landbank Distribution by Partner Landbank Projects Segmentation
184
Lindencorp, 2.6% CHL, 9.8%
Cipasa, 1.5%
Co Inc
Goldfarb, 31.4%
Co Inc, 21.0%
65
25
Fator, 1.3% 17
7 5
Low Income Land Parceling Mid‐High Mid‐High Commercial High
Goldfarb, 32.5%
PDG Realty – 3Q08 & 9M08 Results 9
10. Our current operations reach 55 cities spread in 13 states (and Argentina). The map below presents
the breakdown of our landbank by region and partner:
mentários de Desempenho 4T07 e 2007
The chart below analyses the projected distribution of PDG Realty's pro rata PSV in landbank for the
next years:
Landbank Estimated Duration ‐ R$ million
3,000 ‐ 3,200
2,100 ‐ 2,300
800 ‐ 1,000
730 ‐ 930
300 ‐ 500
2008 2009 2010 2011 2012
PDG Realty – 3Q08 & 9M08 Results 10
11. mentLandbank: Breakdown of payment status 07
ários de Desempenho 4T07 e 20
Below we demonstrate the payment status of our landbank at the end of 3Q08.
Landbank: Breakdown by Mortgage source
The residential landbank (excluding commercial and land parceling units) totals 73 thousand units,
with 64 thousand units in the low income segment.
Landbank Units per Segment
63,964
5,588
3,496
258
Low Income Mid High Mid High
Approximately 90% of our residential units are eligible to SFH mortgage funding (units under
R$350k), while 52% of the units are eligible to the “Crédito Associativo” program of Caixa
Econômica Federal (units under R$130k in major cities).
PDG Realty – 3Q08 & 9M08 Results 11
12. In the chart below, we present the breakdown of the residential units in PDG Realty´s landbank by
price range:
mentários de Desempenho 4T07 e 2007
up to R$
89.5%
350 mil
up to R$
87.3%
250 mil
Price Units % up to R$
52.1%
130 mil
up to R$ 130 mil 38,226 52.1%
up to R$ 250 mil 63,964 87.3%
up to R$ 350 mil 65,631 89.5%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
RECENT EVENTS
Shares Buyback Program
On October 21st, we initiated our shares buyback program. The program is valid for 365 days and
is limited to 8,142,064 common shares, corresponding to 10% of the free-float shares. The
acquisitions will be handled by UBS Pactual Corretora de Títulos e Valores Mobiliários S.A.
JV with Dominus Engenharia – Launching of its first project:
In September, the first project under the JV agreement with Dominus Engenharia was launched.
“Alameda da Serra” is a commercial project located in Belo Horizonte and has a total PSV of R$70.6
million (R$56.5 million pro rata PDG Realty). The project reached 36% of sales in just one week
after launching.
Sponsored Depositary Receipts Level 1 Program:
In October we filed before the Brazilian Securities and Exchange Commission (Comissão de Valores
Mobiliários – “CVM”), request for the registration of its Sponsored Depositary Receipts Level 1
Program for trading on the U.S. over-the-counter market of securities backed by common shares
issued by PDG Realty.
For this purpose, Citibank DTVM S.A. will act as custodian of the Company’s common shares in
Brazil, which will back the respective depositary shares, and Citibank, N.A. will act as depositary in
the U.S., responsible for the issuance of the respective depositary shares, in the ratio of 1 (one)
depositary share per 2 (two) common shares.
The Company clarifies that the establishment and the registration of the Depositary Receipts Level 1
Program does not involve the issuance of new shares or a public offering of existing shares.
PDG Realty – 3Q08 & 9M08 Results 12
13. FINANCIAL PERFORMANCE
Net Revenue
mentários de Desempenho 4T07 e 2007
Our net revenue for the third quarter of 2008 was R$338.6 million, an increase of 100% when
compared with R$169.1 million in 3Q07.
In 9M08, net revenue totaled R$862.8 million, representing an increase of 139% when compared to
9M07.
863
Net Revenue ‐ R$ million
361
339
169
3Q07 3Q08 9M07 9M08
Below we present the breakdown of our net revenue by the year of launch and income segment of
our projects:
Year Net Revenue Segment Net Revenue
2004 1.6% Low Income 63.8%
2005 9.9% Mid 15.0%
2006 21.1% Mid-High 12.7%
2007 39.4% High 1.2%
2008 28.1% Commercial 7.4%
Total 100.0% Total 100.0%
Cost of Good Sold
The cost of good sold grew from R$108.9 million in 3Q07 to R$200.6 million in 3Q08, an increase of
84%.
Gross Profit
Gross profit reached R$138.0 million in 3Q08, an increase of 129% over the same period of 2007.
Gross margin also increased in the year-over-year comparison, from 35.6% (3Q07) to 40.8%
(3Q08).
In the nine months period, gross profit reached R$341.3 million (39.6% margin), an increase of
160% over the same period of 2007.
PDG Realty – 3Q08 & 9M08 Results 13
14. Gross Income ‐ R$ mln
mentários de Desempenho 4T07 e 2007 341
138 131
60
3Q07 3Q08 9M07 9M08
We can explain the increase in the gross profit by mostly of the organic growth of our operations,
mainly Goldfarb and CHL and margin expansion.
Sales and G&A expenses:
Below we present the evolution and some metrics of sales and G&A expenses:
3Q08 2Q08 3Q07 9M08 9M07
Sales Expenses (R$ mm) 21.8 26.6 4.3 63.2 13.3
G&A Expenses (R$ mm) 20.9 22.2 14.8 61.4 27.2
G&A + SALES Expenses 42.7 48.8 19.0 124.6 40.4
Sales Expenses / Launches 2.7% 3.9% 1.1% 2.9% 1.7%
G&A Expenses / Launches 2.6% 3.2% 3.8% 2.8% 3.6%
G&A + SALES Expenses / Launches 5.3% 7.1% 4.9% 5.7% 5.3%
Sales Expenses / Contracted Sales 4.2% 4.7% 1.3% 3.9% 2.1%
G&A Expenses / Contracted Sales 4.0% 4.0% 4.4% 3.8% 4.2%
G&A + SALES Expenses / Contracted Sales 8.2% 8.7% 5.6% 7.6% 6.3%
Sales Expenses / Gross Income 6.2% 8.5% 2.4% 7.1% 3.6%
G&A Expenses / Gross Income 6.0% 7.1% 8.4% 6.9% 7.4%
G&A + SALES Expenses / Contracted Sales 12.2% 15.7% 10.9% 14.0% 11.0%
Financial Result
In 3Q08 the financial result was positive in R$3.7 million. This result was negative in R$4.8 million in
3Q07. When looking to 9M08, the financial result was positive in R$8.8 million, for the same period
of 2007 we posted a negative result of R$18.0 million.
Below we present our financial results:
3Q08 3Q07 9M08 9M07
Financial revenues 56,319 12,205 93,298 27,901
Financial expenses (52,631) (17,011) (84,489) (45,918)
3,688 (4,806) 8,809 (18,017)
Net Income
Our net income accounted for R$19.8 million in 3Q07 and R$63.1 million in 3Q08, an increase of
219%. Net margin came in 18.6%.
Adjusted net income reached R$69.2 million, representing a 225% increase when compared to
3Q07. Adjusted net margin came in 20.4%.
PDG Realty – 3Q08 & 9M08 Results 14
15. The 9M08 net income reached R$166.2 million, with 19.3% of net margin.
mentários de Desempenho 4T07 e 2007
Adjusted Net Income
3Q08 3Q07 9M08 9M07
Net income 63,111 19,806 166,181 46,364
(+) Non recorring expenses + amortization & depreciation 6,038 1,466 17,610 32,510
Adjusted Net Income 69,149 21,272 183,791 78,874
Adjusted Net Income Margin 20.4% 12.6% 21.3% 21.8%
Adjusted Net Income ‐ R$ Million
184
79
69
21
3Q07 3Q08 9M07 9M08
EBITDA
Ebitda for the 3Q08 reached R$94.6 million, with 27.9% margin, representing a 114% increase
when compared to 3Q07. In the 9M08, EBITDA accumulated R$240.8 million with 27.9% margin.
EBITDA ‐ R$ million
241
101
95
44
3Q07 3Q08 9M07 9M08
Deferred Income
Deferred Income (R$ thousand) 3Q08 3Q07 2Q08
Deferred Revenue 1,484.76 599.53 1,207.06
Deferred Costs (912.41) (350.69) (744.25)
Total 572.35 248.84 462.81
Deferred margin 38.5% 41.5% 38.3%
PDG Realty – 3Q08 & 9M08 Results 15
16. Consolidated Balance Sheet
mentárioscash equivalents and long term investments
de Desempenho 4T07 e 2007
Cash,
In 3Q08 our cash position reached R$341.4 million, a decrease of 12% when compared to R$390.6
million in 3Q07.
Land and properties held for sale
Our properties under construction totaled R$1,103.2 million in 3Q08, representing an increase of
110% when compared to 3Q07.
Breakdown of land and properties held for sale:
3Q08 3Q07
Properties under construction 260,195 92,105
Concluded properties 36,580 42,476
Land for future developments 806,392 391,547
Total 1,103,167 526,128
Accounts Receivable
Accounts receivable totaled R$1,099.1 million in 3Q08 and R$437.6 million in 3Q07, an increase of
149%. This evolution is reflecting the sales increase in our developments.
Breakdown of Receivables:
3Q08 3Q07
Accounts Receivable 1,099,048 437,632
Deferred Revenue 1,484,762 599,529
Total 2,583,810 1,037,161
Indebtedness
Below we present the Indebtedness in the end of 3Q08 (R$ thousand):
SFH Debentures Breakdown By Creditor
Current Balance: 219,553 Current Balance: 258,489 Total Debt 741,677
Index: TR Index: CDI Debentures 34.85%
Avg Interest per year: 10.84% Interest: 0.90% Unibanco 10.77%
Creditor: Others Lead Manager: Bradesco BBI Votorantim 10.23%
Duration: 14 months Duration: 52 months Bradesco 9.75%
Coupon: Monthly Coupon: Semester(jan/jul) Others 34.40%
Principal in maturity dates Principal in four annual instalments since July 2nd, 2011 Duration: 33 months
Partnerships in Projects Working Capital Breakdown by Index
Current Balance: 9,033 Current Balance: 254,601 Total Debt 741,677
Index: IGPM / INCC Index: CDI % of CDI 69.18%
Avg Interest per year: 12.00% Avg Interest per year: 1.85% TR 29.60%
Creditor: Partners Creditor: Others IGPM / INCC 1.22%
Duration: 34 months Duration: 36 months Duration: 30 months
PDG Realty – 3Q08 & 9M08 Results 16
17. Below is shown the payment schedule of our indebtness, excluding SFH and projects partnerships,
already considered in SPC’s cash flow.
mentários de Desempenho of payments in the
We emphasize the low volume 4T07 e 2007 short term, posting thus comfortable position to
liquidated current debts and support the operations.
Debt (excludes SFH and partners in projects that has already been considered in SPC's cash flow) - Position after 3Q08)
Payments Position
90,000 500,000
450,000
80,000
400,000
70,000
350,000
60,000
300,000
Pay m ents
50,000
Position
250,000
40,000
200,000
30,000
150,000
20,000
100,000
10,000 50,000
0
0
PDG Realty – 3Q08 & 9M08 Results 17
19. Reconciliation of pro rata figures to Accounting Reconciliation:
Below we demonstrate our launches, contracted sales and landbank according to our accounting
mentários de Desempenho 4T07 e accounted
demonstrations (CHL and Goldfarb fully 2007 and investments under 20% stake and TGLT
accounted as cost):
Launches:
3Q08:
Pro rata: R$703.6 million
Reconciliation: R$812.4 million
Contracted Sales
3Q08:
Pro rata: R$447.9 million
Reconciliation: R$519.8 million
Landbank:
3Q08:
Pro rata: R$7.4 billion
Reconciliation: R$8.0 billion
PDG Realty – 3Q08 & 9M08 Results 19
20. Income Statement
Quarters ended in September 30th 2008 & 2007
mentários de Desempenho 4T07 e 2007
(1) EBITDA consists of income before net financial revenue (expenses), income tax and social contributions, depreciation and
amortization. EBITDA is not a measure used under BR GAAP O EBITDA, does not represent cash flows for the periods presented, and
should not be considered a substitute for net profit as an indicator of our operational performance or as a substitute for cash flow as an
indicator of liquidity. EBITDA has no standard definition, and our method of calculating EBITDA may not be comparable to that used by
other companies.
(2) EBITDA divided by net operating revenue.
PDG Realty – 3Q08 & 9M08 Results 20
21. Income Statement
9 months ended in September 30th 2008 & 2007
mentários de Desempenho 4T07 e 2007
(1) EBITDA consists of income before net financial revenue (expenses), income tax and social contributions, depreciation and amortization. EBITDA is not a
measure used under BR GAAP O EBITDA, does not represent cash flows for the periods presented, and should not be considered a substitute for net profit as an
indicator of our operational performance or as a substitute for cash flow as an indicator of liquidity. EBITDA has no standard definition, and our method of
calculating EBITDA may not be comparable to that used by other companies.
(2) EBITDA divided by net operating revenue.
PDG Realty – 3Q08 & 9M08 Results 21
22. Consolidated Balance Sheet
Quarters ended in September 30th 2008 & 2007
mentários de Desempenho 4T07 e 2007
ASSETS (R$ '000)
3Q08 3Q07 Chg.
Current assets
Cash, cash equivalents and short-term investme 341,421 388,312 -12%
Accounts receivable 512,561 227,945 125%
Properties held for sale 712,353 448,480 59%
Prepaid expenses 77,199 13,689 464%
Advances to suppliers 39,082 12,872 204%
Accounts with related parties 8,593 - -
Consortiums - 9,936 -
Taxes to recover 17,281 - -
Dividends 1,327 - -
Others 19,337 23,887 -19%
1,125,121 54%
1,729,154
Noncurrent assets
Long-Term
Long-term investments - 2,291 -
Accounts receivable 586,488 209,687 180%
Debentures 60,326 34,261 76%
Properties held for sale 390,814 77,648 403%
Accounts with related parties 236 - -
Consortiums - 9,790 -
Related parties 86,300 17,996 380%
Advances for future capital increase 24,217 - -
Prepaid expenses 345 350 -1%
Others 12,000 15,702 -24%
367,725 216%
1,160,725
Permanent assets
Goodwill 174,996 131,569 33%
Property and equipment 19,953 4,637 330%
Deferred 2,238 4,781 -53%
Other 106,066 16,647 537%
157,634 92%
303,254
Total Noncurrent 1,463,979 525,359 179%
Total assets 3,193,134 1,650,480 93%
LIABILITIES AND SHAREHOLDERS' EQUITY (R$ '000)
3Q08 3Q07 Chg.
Current
Loans and financings 155,429 124,915 24%
Suppliers 47,405 20,562 131%
Trade accounts payable 344,510 139,050 148%
Taxes and contributions payable 23,560 14,645 61%
Deferred income and social contribution taxes 19,187 6,839 181%
Related parties 78,995 4,856 1527%
Advances from clients 6,368 5,844 9%
Dividends 3,393 872 289%
Consortiums - 2,452 -
Others 45,661 17,650 159%
337,685 115%
724,508
Noncurrent assets
Long-Term
Loans and financings 327,758 73,776 344%
Debentures 258,489 257,540 0%
Property acquisition obligations 113,197 103,053 10%
Taxes and contributions payable 2,112 - -
Taxes payable in installments 9,482 9,549 -1%
Deferred income and social contribution taxes 32,596 23,264 40%
Provision for contingencies 6,141 6,802 -10%
Related parties 4,721 - -
Accounts with related parties 829 - -
Advances for future capital increase 8,471 - -
Other 14,107 39,061 -64%
513,045 52%
777,902
Minority interest 170,213 59,219 187%
Shareholders’ equity
Subscribed capital 1,296,319 691,765 87%
Legal reserve 4,593 1,035 344%
Capital reserve 1,852 1,852 -
Accumulated gains / losses 217,747 45,879 375%
740,531 105%
1,520,511
Total liabilities and shareholders’ equity 3,193,134 1,650,480 93%
PDG Realty – 3Q08 & 9M08 Results 22
23. CONFERENCE CALL
mentários de Desempenho 4T07 e 2007 12th, 2008
November
English
09:00 am (NY Time)
12:00 pm (Brasília Time)
Phone: +1 (412) 858-4600
Code: PDG Realty
Replay: +1 (412) 317-0088
Replay Code: 424910#
Portuguese
07:00 am (NY Time)
10:00 am (Brasília Time)
Phone: +55 (11) 2188-0188
Code: PDG Realty
Replay: +55 (11) 2188-0188
Replay Code: PDG Realty
Webcast ao vivo pela Internet:
www.pdgrealty.com.br/ri
IR CONTACT
Michel Wurman
CFO and Investor Relations Officer
João Mallet, CFA
Investor Relations and Financial Manager
Gustavo Janer
Investor Relations and Financial Analyst
ri@pdgrealty.com.br
Phone: (+55 21) 3504-3800
Fax: (+55 21) 3504-3800
ABOUT PDG REALTY S/A
PDG Realty concentrates on two fields of activity: joint ventures with several real estate developers
and the acquisition of relevant corporate interests via private equity investments. The Company
seeks to maximize the value of its investees by ensuring they have sufficient funds for future
investments and streamlining their management and implementing the most up-to-date corporate
governance practices, all focused on the efficient handling of available assets and resources.
PDG Realty – 3Q08 & 9M08 Results 23