1. 1
2Q13 Presentation
Presenters
Marcos Lopes – CEO
Francisco Lopes – COO
Marcello Leone – CFO and IRO
Bruno Gama - COO CrediPronto!

2. 2
This presentation does not constitute or form part of any offer, or invitation or solicitation of any offer to purchase,
sell or subscribe for shares or other securities of the Company, nor shall this presentation or any information
contained herein form the basis of, or act as inducement to enter into, any contract or commitment whatsoever.
This presentation contains financial and other information related to the business operations of Lopes –LPS Brasil
Consultoria de Imóveis S.A and its subsidiaries (“LPS” or the “Company”) as of and for the period ended June
30th 2013. It should not be considered as a recommendation for prospective investors to sell, purchase or
subscribe for securities of the Company. The information presented herein is in summary form and does not
purport to be complete. No reliance should be placed on the accuracy completeness of the information
contained herein, and no representation or warranty, express or implied, is given on behalf of the Company or
its subsidiaries as to the accuracy completeness of the information presented herein.
This presentation contains forward-looking statements. Investors are advised that whilst the Company believes
they are based on reasonable assumptions by Management, forward-looking statements rely on current
expectations and projections about future events and financial trends, and are not a guarantee of future results.
Forward-looking statements are subject to risks and uncertainties that affect or may affect business conditions
and results of operations, which therefore could materially differ from those anticipated in forward-looking
statements due to several factors, including competitive pressures, Brazilian macroeconomic conditions,
performance of the industry, changes in market conditions, and other factors expressed or implied in these
forward-looking statements or disclosed by the Company elsewhere, factors currently deemed immaterial.
The forward-looking statements contained herein speak only as of the date they are made and neither
Management, nor the Company or its subsidiaries undertake any obligation to release publicly any revision to
these forward-looking statements after the date of this presentation or to reflect the occurrence of unanticipated
events.
Forward-looking statements

3. 3
Schedule
I. Highlights
II. Operational Results
III. Credipronto!
IV. Financial Results

4. 4
Highlights

5. Highlights 2Q13
5
 Record of transactions closed in a second quarter (R$ 5.4 billion) and in a first half (R$ 9.7 billion). Growth of 9%
year over year
 Transactions closed in the primary market grew 13% in the quarter and 10% in the semester, reaching R$ 4.2
billion and R$ 7.4 billion, respectively. Best second quarter and first half of company’s history
 Secondary market sales was R$ 1.2 billion in 2Q13 and R$ 2.3 billion in the 1H13
 Net revenue came to R$ 137.4 million, up 29% from the second quarter of 2012
 EBITDA of R$ 63.1 million, growth of 49% from 2Q12. EBITDA Margin of 45.9%, 610 bps above 2Q12
 Net Income of Controlling Shareholders before IFRS was R$ 40.6 million with net margin of 29.5%. Growth of
43% above 2Q12 and an improvement of 290 bps of Net Margin
 CrediPronto!’s best quarter ever in mortgage loans origination with R$ 530 million in 2Q13, up 40% from 2Q12
 Increase of 47% of CrediPronto!’s ending portfolio balance when compared to 2Q12
 CrediPronto! has already achieved 22% of CrediPronto’s earnout , recognizing R$ 17.5 million in the 2Q13. This
recognition is partial and a complete calculation will be held during 2013

6. 6
Operational Results

7. Transactions Closed
(R$ MM)
Transactions Closed
7
Number of Transactions Closed
1H12 1H13
6,710
2,195
8,905
7,389
2,316
9,705
+9%
2Q12
1,192
2Q13
+9%
5,352
4,160
4,902
3,666
1,236
Secondary Market Primary Market
4,972
19,997
27,780
1H12
22,808
1H13
4,398
24,395
-12%
-14%
2Q13
15,072
2Q12
10,807
2,184
12,498
2,574
12,991
(# units)

8. Sales Speed over Supply
Lopes' Consolidated Sales Speed Habitcasa’s Sales Speed
8
2Q13
15.9%
1Q13
16.6%
2Q13
30.0%
1Q13
30.4%
(%) (%)
Transactions closed/supply ratio remains steady compared to 1Q13

9. Units
Transactions Closed
9
12,991 units
R$ 5,352 million
Transactions Closed by Income Segment – Primary / Secondary Markets
37%
24%
31%
8%
44%
27%
23%
6%
9%
35%
15%
41%
>600<150 150-350 350-600
16%
36%
24%
24%
R$ 4,902million
15,072 units
2Q12 2Q13
2Q12 2Q13

10. Transactions Closed by Region – Primary and Secondary Market
Transactions Closed
10
5%
12%
5%
21%
50%
6%
4%
14%
3%
21%
53%
4%
Northest
South
Brasília
Rio de janeiro
São Paulo
Others
2Q12 2Q13
Increase of stake of São Paulo and South regions

11. Breakdown of Transactions Closed
11
Breakdown Transactions Closed
(%)
1Q13
39%
61%
1Q12
40%
60%
Listed Homebuilders
Non Listed Homebuilders
Breakdown Transactions Closed
Primary Market
(%)
22%
47%
30%
Listed Homebuilders
Secondary Market
Non Listed Homebuilders

12. Breakdown of Homebuilders
49%
53% 55%
64%
67%
51% 47% 45%
36% 33%
2010 2011 2012 1Q13 2Q13
Other Homebuilders Top 10 Homebuilders
8%
10% 9% 7% 5%
7%
5% 7%
5%
5%
6%
5%
5%
5% 4%
6% 5% 5%
5% 4%
5% 4% 4% 4% 3%
2010 2011 2012 1Q13 2Q13
1st 2nd 3rd 4th 5th
12
Breakdown – Homebuilders Breakdown Top 5 Homebuilders
(%) (%)

13. LPS Brasil in the Mortgage Market
CrediPronto!
13

14. CrediPronto!
14
R$530 MM in
Mortgages
Average LTV of
59.7%
1,726 Contracts
Average Period
of 307 months
Average Rate
of 8.7% + TR
2Q13

15. Mortgage Loan Volume
CrediPronto!
(R$ MM)
15
(R$ MM)
Mortgage Portfolio
530
378
+40%
2Q132Q12
+47%
Ending Portfolio
Balance 2Q13
3,328
Ending Portfolio
Balance 2Q12
2,266
The average portfolio balance was R$ 3.1 billion in 2Q13. The total volume
granted until Jun, 13 reached R$ 4.5 billion

16. CrediPronto!
392
517
707
881
1.162
1.454
1.756
1.989
2.266
2.492
2.771
2.986
3.328
Jun, 10 Sep, 10 Dec, 10 Mar, 11 Jun, 11 Sep, 11 Dec, 11 Mar, 12 Jun, 12 Sep, 12 Dec, 12 Mar, 13 Jun, 13
16
Ending Portfolio Balance
(R$ MM)
The ending portfolio balance of Credipronto! has been growing on average
6.1% per month since Jun,10 and reached R$ 3.3 billion in Jun, 13

17. Financial Results
17

18. 18
Net Commission by Market
Net Comission Fee
2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13
BRAZIL 2.4% 2.4% 2.4% 2.3% 2.4% 2.4% 2.4% 2.4% 2.4%
Primary
SP 3.0% 2.9% 3.1% 2.8% 3.1% 3.0% 2.9% 2.9% 2.9%
Habitcasa 1.9% 2.1% 2.1% 2.0% 1.9% 2.1% 2.0% 2.4% 2.4%
RJ 2.0% 2.2% 2.1% 2.1% 2.1% 2.0% 2.2% 2.2% 2.1%
Other Markets 2.1% 2.1% 2.1% 2.1% 2.0% 2.1% 2.1% 2.1% 2.1%
Secondary
SP 2.3% 2.3% 2.4% 2.2% 2.2% 2.4% 2.2% 2.3% 2.4%
RJ 2.5% 2.4% 2.3% 2.3% 2.0% 2.3% 2.2% 2.3% 2.2%
Other Markets 2.4% 2.4% 2.5% 2.3% 2.5% 2.1% 2.5% 2.0% 2.3%

19. Gross and Net Revenue
Net Revenue
19
(R$ MM)
Gross Revenue
(R$ MM)
+27%
2Q132Q12
121.8
137.1
17.5
154.6
+13%
120.6
2Q12 2Q13
+29%
106.6
137.4
+13%
16.8
Net revenue grew 29% and reached R$ 137.4 million in 2Q13
CrediPronto’s earnout CrediPronto’s earnout

20. 2Q13 Gross Revenue Reconciliation
IMPORTANT CRITERIA FOR CONTRACTED SALES
The contracted sales released in the quarter is exclusively based on the invoiced sales,
which multiplied by the net commission result in the gross revenue of the quarter.
Thus, the contracted sales meets all the criteria for accounting the Company’s gross
revenue, even including the contract approval by the homebuilder. Additional sales
generated during this same period, that do not meet all the accounting criteria were not
considered as contracted sales of the period.
20
2Q13 - Gross Revenue Reconciliation (R$ Million)
Contracted Sales (a) 5,352
Net Comission (b) 2.4%
Gross Brokerage
Revenue (a) x (b)
130.2
Earn Out Recognition 17.5
Revenue to Accrue from Itaú
Operations
3.6
Other revenues 4.6
Adjustment to Present Value (1.3)
Gross Revenue 154.6

21. 2Q13 Results
21
Results 2Q13 Before IFRS
(R$ thousand)
Lauches Pronto! CrediPronto!
Consolidated
Ex. Non-recurring
Non-recurring Consolidated
Gross Service Revenue 104,835 27,734 4,562 137,132 17,468 154,599
Revenue from Real Estate Brokerage 102,283 27,924 4,562 134,769 - 134,769
Revenue to Accrue from Itaú Operations 3,625 - - 3,625 - 3,625
Earn Out - - - - 17,468 17,468
Adjustment to Present Value (1,072) (190) - (1,262) - (1,262)
Net Operating Revenue 92,060 24,354 4,168 120,581 16,830 137,412
(-)Costs and Expenses (36,486) (13,735) (4,121) (54,342) (2,126) (56,468)
(-)Shared Services (13,648) (3,611) - (17,259) - (17,259)
(-) Stock Option Expenses CPC10 (413) - - (413) - (413)
(-) Expenses to Accrue from Itaú (238) - - (238) - (238)
(+/-) Equity Equivalence - - 99 99 - 99
(=)EBITDA 41,274 7,009 146 48,429 14,704 63,133
EBITDA Margin 44.8% 28.8% 3.5% 40.2% 45.9%
(-)Depreciation and amortization (2,313) (1,430) - (3,743) - (3,743)
(+/-) Financial Result 3,129 481 0 3,610 - 3,610
(-)Income tax and social contribution (8,339) (2,548) (496) (11,384) (1,898) (13,282)
(=)Net income before IFRS 33,751 3,512 (350) 36,913 12,806 49,718
Net Margin before IFRS 36.7% 14.4% -8.4% 30.6% 36.2%
(-) Non-controlling Shareholders (9,132) (9,132)
(=) Net Income Attributable to Controlling Shareholders Before IFRS* 27,781 12,806 40,587
Net Margin Controlling Shareholders 23.0% 29.5%
*We consider the net income ajusted by non cash IFRS 3 effects (Business Combination) the best net income indicator
A
B
C
A
B
C
Net effect of partial recognition of the second installment of CrediPronto’s earnout;
Non-recurring expenses: (R$ 1.8 million) restructuring charge and (R$ 0.3 million) bonus accrual referred to partial
recognition of CrediPronto’s earnout;
Income Tax impact referred to partial recognition of CrediPronto’s earnout;

22. Net Income 2Q13 by segment
22
Launches Net
Income Before IFRS
Net Margin (%)
33,751
(37%)
Earnout impact
3,688
Taxes over
intangible assets
851
Amortization of
intangible assets
6,365
Call/put effect
7,423
Launches Net
Income After IFRS
Net Margin (%)
22,800
(25%)
3,512
(14%)
Earnout Impact
6,026
Call/put effect
9,489
Amortization of
intangible assets
4,826
Impairment
11,929
Pronto! Net
Income after IFRS
Net Margin (%)
2,272
(9%)
Pronto! Net
Income Before IFRS
Net Margin (%)
Net Income from launches 2Q13 (R$ Thousand)
Net Income from Pronto! 2Q13 (R$ Thousand)

23. 23
2Q13 Results – Launches segment before IFRS
Launches
EBITDA & Margin
Launches
Net Income & Margin before IFRS
+19%
33.8
(37%)
2Q12 2Q13
28.4
(36%)
(R$ MM)
(R$ MM)
41.3
(45%)
2Q12
35.0
(44%)
+18%
2Q13

24. 24
2Q13 Results – Pronto! segment before IFRS
7.2
(28%)
7.0
(29%)
2Q12 2Q13
-3%
Pronto!
EBITDA & Margin
Pronto!
Net Income & Margin before IFRS
2Q12
7.0
(28%)
-50%
3.5
(14%)
2Q13
(R$ MM) (R$ MM)

25. EBITDA and Net Income
25
2Q12
42.4
(40%)
2Q13
48.4
(40%)
+49%
63.1
(46%)
+14%
14.7
EBITDA1
EBITDA Margin (%)
(R$ MM)
12.8
2Q12 2Q13
+43%
-2%
28.4
(27%)
27.8
(23%)
40.6
(30%)
Net Income Attributable to Controlling
Shareholders ex-IFRS 2
Net Margin (%)
(R$ MM)
1) Includes results from subsidiaries and companies under shared-control, in accordance with equity accounting, and results from non-controlling shareholders.
Note: EBITDA is not an accounting measure and does not represent the cash flow for the reported periods, and therefore should not be used as an alternative to
cash flow as a measure of liquidity. The Company’s EBITDA was calculated in accordance with CVM Instruction 52. a.
2) We consider the net income adjusted by non cash IFRS 3 effects (Business Combination) the most accurate net income indicator.
3) Non recurring: Partial recognition of the 2nd installment of CrediPronto's earnout, expenses related to CrediPronto's earnout and restructuring charge.
Non-recurring³ Non-recurring³

26. 26
IFRS Impacts – Net Income before non-controlling shareholders
(1) Impairment of Goodwill and Intangible Assets from Acquisition. Since 2010, the acquisitions made by LPS Brasil are
accounted by the “CAP” of “Earnout” amounts. Every year, as the CAP amounts are not confirmed by the performance of the
companies, goodwill and intangible assets are impaired accordingly, with a counter-entry reducing the earnout amounts
payable.
(2) Amortization of Intangible Assets.
(3) Combined effect from: i) Gains and Losses, with non-cash net effects, from the booking of call and put options at
subsidiaries, based on the fair value of future estimates, and ii) non-cash correction/write-off of earnout installments payable.
(4) Deferred income tax on intangible assets of LPS Brasil.
(5) Effects related to deferred income tax and amortization of intangible assets at non-controlling shareholders.
R$ Thousand
Description
Before
IFRS
IFRS Effects* After IFRS
Net Operating Revenue 137,412 137,412
Costs and Expenses -72,483 -11,929 -84,412 (1)
Non-Recurring Losses -1,796 0 -1,796
Depreciation and Amortization -3,743 -11,191 -14,934 (2)
Finance Result 3,610 11780 15,390 (3)
Operational Profit 63,001 -11,340 51,661 (1)+(2)+(3)
Income tax and social contribution -13,283 -851 -14,134 (4)
Net Income 49,718 -12,191 37,527 (1)+(2)+(3)+(4)
Non-controlling Shareholders -9,131 4718 -4,413 (5)
Net Income attributable to
controlling shareholders
40,587 -7,473 33,114 (1)+(2)+(3)+(4)+(5)
* IFRS 3 non cash effects (business combination)

27. CONTACTS
IR
Tel. +55 (11) 3067-0218
E-mail: ri@lopes.com.br
www.lopes.com.br/ir
27