The document provides an overview of LPS Brasil's 2013/4Q13 presentation. It summarizes the following key points: 1) LPS Brasil had its best year ever in 2013 with total transactions closed reaching R$19.9 billion, including a record R$14.9 billion in the primary market. 2) Net revenue was R$503.8 million, up 22% from 2012. EBITDA was R$222.4 million and adjusted EBITDA was R$171.9 million, both record highs for the company. 3) CrediPronto! originated a volume of R$2 billion in mortgages, up 34% from 2012, and

1. 1
2013/4Q13 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
December 31th 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. 2013 Highlights
5
 Total transactions closed reached a record R$ 19.9 billion.
 We had the best year ever in transactions closed in the primary market in our history. Transactions closed in the
primary market totaled R$ 14.9 billion, an increase of 4% when compared to 2012.
 A record of R$ 4.9 billion in transactions closed in the secondary market, up 7% from 2012.
 Net revenue came to R$ 503.8 million, up 22% from 2012.
 EBITDA of R$ 222.4 million, and adjusted EBITDA by non-recurring effects of R$ 171.9 million, the best indicators
ever achieved by the company.
 EBITDA Margin adjusted by non-recurring effects of 38.4%, 290 bps above 2012.
 Net income of controlling shareholders before IFRS was R$ 142.1 million, with net margin of 28.2%. Up 65% from
2012 and increase of 730 bps of net margin.
 Credipronto! originated a volume of R$ 2.0 billion, up 34% from 2012.
 Credipronto!’s mortgage loan portfolio reached R$ 4.0 billion, an increase of 45% from 2012.
 We recognized R$ 57.7 million in 2013 from the second stake of Credipronto!’s earnout

6. 6
Operational Results

7. Transactions Closed
(R$ MM)
Transactions Closed
7
Number of Transactions Closed
+5%
+11%
2013
19,858
14,947
4,912
2012
18,981
14,389
4,592
4Q13
5,656
4,370
1,286
4Q12
5,101
3,886
1,216
Primary MarketSecondary Market
-14%
2013
-17%
49,022
40,624
8,398
2012
58,923
48,988
9,935
4Q13
13,897
12,099
1,798
4Q12
16,082
13,655
2,427
(# units)

8. Sales Speed over Supply
Lopes' Consolidated Sales Speed Habitcasa’s Sales Speed
8
4Q13
16.6%
3Q13
15.7%
4Q13
19.5%
3Q13
25.8%
(%) (%)
Transactions closed/supply ratio fell when compared to 3Q13

9. Units
Transactions Closed
9
49,022 units
R$ 19,858 million
Transactions Closed by Income Segment – Primary / Secondary Markets
36%
26%
30%
8%
43%
27%
25%
5%
10%
38%
17% 35%
>600<150 150-350 350-600
15%
37%
22%
27%
R$ 18,981 million
58,923 units
20132012
2012 2013

10. Transactions Closed by Region – Primary and Secondary Market
Transactions Closed
10
6%
5%
13%
4%
21%
51%
5%
5%
15%
4%
21%
51%
Others
Northest
South
Brasília
Rio de janeiro
São Paulo
2013
Increase of 200 basis points of South region’s stake
2012

11. Breakdown of Transactions Closed
11
Breakdown Transactions Closed
(%)
39% 41%
61% 59%
44%50%
56%50%
2013201220112010
Listed Homebuilders
Non Listed Homebuilders
Breakdown Transactions Closed
Primary Market
(%)
25%
31%
44%
Secondary Market
Listed Homebuilders
Non Listed Homebuilders

12. Breakdown of Homebuilders
55%
68%
64%
67% 65%
55%
45%
32% 36% 33% 35%
45%
2012 2013 1Q13 2Q13 3Q13 4Q13
Other Homebuilders Top 10 Homebuilders
9%
5% 7% 5% 6%
10%
7%
5% 5% 5% 5%
8%
6%
5%
5% 4% 5%
5%
5% 4%
5% 4% 4%
4%
4% 3% 4% 3% 4% 4%
2012 2013 1Q13 2Q13 3Q13 4Q13
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$2,020 MM in
Mortgages
Average LTV of
58.4%
6,555 Contracts
Average Period
of 305 months
Average Rate
of 8.8% + TR
2013

15. Financed Volume
CrediPronto!
(R$ MM)
15
(R$ MM)
Mortgage Portfolio
545
440
+24%
4Q134Q12 2012 2013
1,503
2,020
+34%
4,031
+45%
Ending Portfolio
Balance 4Q13
Ending Portfolio
Balance 4Q12
2,771
The average portfolio balance was R$ 3,3 billion in 2013. The total volume
granted until Dec,13 reached R$ 5.6 billion

16. CrediPronto!
517
707
881
1,162
1,454
1,756
1,989
2,266
2,492
2,771
2,986
3,328
3,688
4,031
Sep, 10 Dec, 10 Mar, 11 Jun, 11 Sep, 11 Dec, 11 Mar, 12 Jun, 12 Sep, 12 Dec, 12 Mar, 13 Jun, 13 Sep, 13 Dec, 13
16
Ending Portfolio Balance
(R$ MM)
The ending portfolio balance of Credipronto! has been growing on average
6.0% per month since Sep,10 and reached R$ 4.0 billion in Dec, 13

17. CrediPronto! P&L
17
(R$ Thousand)
CrediPronto’s 2013 Result
1- Weighted average portfolio balance.
*2013 managerial P&L figures were reviewed by Ernst&Young and, as a result of their managerial nature, do not following accounting standards.
Total
Executed contracts 2,019,989
Opening portfolio 2,771,051
Closing portfolio 4,030,957
Average portfolio balance¹ 3,329,343
Financial Margin 58,141
% Spread 1.7%
(-) Sales taxes -4,234
(-) Total dos custos e despesas -69,599
(-) Backoffice Expenses -13,970
(-) Sales Expenses -33,644
(-) Commissions paid -19,876
(-) Insurance and claims (+/-) -2,337
(+) Other revenues (Financ.) 340
(-) ADA -112
(-) IRPJ/CSLL (Itaú Balance) -4,164
(=) Net result -19,857
% Net Margin -34.15%
50% Profit Sharing -9,928
(+) Retention of Commissions 1,330
CrediPronto! Result (LPS) -8,598

18. Financial Results
18

19. 19
Net Commission by Market
Net Comission Fee
4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13
BRAZIL 2.4% 2.3% 2.4% 2.4% 2.4% 2.4% 2.4% 2.4% 2.4%
Primary
SP 3.1% 2.8% 3.1% 3.0% 2.9% 2.9% 2.9% 2.9% 2.9%
Habitcasa 2.1% 2.0% 1.9% 2.1% 2.0% 2.4% 2.4% 2.4% 2.2%
RJ 2.1% 2.1% 2.1% 2.0% 2.2% 2.2% 2.1% 2.0% 2.1%
Other Markets 2.1% 2.1% 2.0% 2.1% 2.1% 2.1% 2.1% 2.1% 1.9%
Secondary
SP 2.4% 2.2% 2.2% 2.4% 2.2% 2.3% 2.4% 2.1% 2.5%
RJ 2.3% 2.3% 2.0% 2.3% 2.2% 2.3% 2.2% 2.3% 2.3%
Other Markets 2.5% 2.3% 2.5% 2.1% 2.5% 2.0% 2.3% 3.0% 2.6%

20. Gross and Net Revenue
Net Revenue
20
(R$ MM)
Gross Revenue
(R$ MM)
Net revenue grew 22% and reached R$ 503.8 million in 2013
CrediPronto’s earnout CrediPronto’s earnout
4Q12
14.8
4Q13
+25%
124.0111.4
138.8 +11%
503.8
412.8
20132012
412.8
448.1
55.6
+22%
+9%
4Q12
156.9
+24%
127.0
15.4
141.5
4Q13
+11%
2012 2013
470.4
470.4
567.1
509.3
57.7
+8%
+21%
CrediPronto’s earnoutCrediPronto’s earnout

21. 2013 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.
21
2013 - Gross Revenue Reconciliation (R$ Million)
Contracted Sales (a) 19,858
Net Comission (b) 2.40%
Gross Brokerage
Revenue (a) x (b)
475.9
Earn Out Recognition 57.7
Revenue to Accrue from Itaú
Operations
14.5
Other revenues 23.1
Adjustment to Present Value (4.1)
Gross Revenue 567.1

22. Results 2013 Before IFRS
(R$ thousand)
Launches Pronto! CrediPronto!
Consolidated
Ex. Non-recurring
Non-recurring Consolidated
Gross Service Revenue 374,682 115,817 18,896 509,395 57,733 567,128
Revenue from Real Estate Brokerage 363,846 116,283 18,896 499,024 - 499,024
Revenue to Accrue from Itaú Operations 14,500 - - 14,500 - 14,500
Earn Out - - - - 57,733 57,733
Adjustment to Present Value (3,664) (465) - (4,129) - (4,129)
Net Operating Revenue 329,208 101,818 17,104 448,130 55,626 503,755
(-)Costs and Expenses (136,437) (52,029) (14,926) (203,392) (2,966) (206,358)
(-)Shared Services (54,899) (16,932) - (71,830) (2,159) (73,989)
(-) Stock Option Expenses CPC10 (1,461) - - (1,461) - (1,461)
(-) Expenses to Accrue from Itaú (953) - - (953) - (953)
(+/-) Equity Equivalence - - 1,371 1,371 - 1,371
(=)EBITDA 135,458 32,857 3,549 171,864 50,500 222,364
EBITDA Margin 41.1% 32.3% 20.8% 38.4% 44.1%
(-)Depreciation and amortization (11,579) (4,385) (0) (15,964) - (15,964)
(+/-) Financial Result 11,552 4,065 7 15,624 - 15,624
(-)Income tax and social contribution (25,875) (10,371) (3,954) (40,200) (6,279) (46,480)
(=)Net income before IFRS 109,555 22,166 (398) 131,323 44,221 175,544
Net Margin before IFRS 33.3% 21.8% -2.3% 29.3% 34.8%
(-) Non-controlling Shareholders (33,407) (33,407)
(=) Net Income Attributable to Controlling Shareholders Before IFRS* 97,917 44,221 142,138
Net Margin Controlling Shareholders 21.9% 28.2%
*We consider the net income ajusted by non cash IFRS 3 effects (Business Combination) the best net income indicator
2013 Results
22
A
B
C
Net effect of partial recognition of the second installment of CrediPronto’s earnout;
Non-recurring expenses: (R$ 4.2 million) restructuring charge and (R$ 0.9 million) bonus accrual referred to partial
recognition of CrediPronto’s earnout;
Income Tax impact referred to partial recognition of CrediPronto’s earnout;
A
B
C

23. Net Income 2013 by segment
23
Launches Net
Income Before IFRS
Net Margin (%)
109,555
(33%)
Amortization of
intangible assets
24,584
Impairment
19,363
Call/put effect
10,178
Earnout impact
6,306
Taxes over
intangible assets
12,944
Launches Net
Income After IFRS
Net Margin (%)
74,680
(23%)
Pronto! Net
Income Before IFRS
Net Margin (%)
22,166
(22%)
Impairment
22,404
Amortization of
intangible assets
19,594
Earnout Impact
13,228
Call/put effect
54,009
Pronto! Net
Income after IFRS
Net Margin (%)
47,405
(47%)
Net Income from launches 2013 (R$ Thousand)
Net Income from Pronto! 2013 (R$ Thousand)

24. 24
4Q13 / 2013 Results – Launches segment before IFRS
Launches
EBITDA & Margin
Launches
Net Income & Margin before IFRS
(R$ MM)
(R$ MM)
2012 2013
122.9
(40%)+44%
4Q13
43.4
(47%)
4Q12
30.3
(36%)
+10%
135.5
(41%)
4Q13
+52%
33.8
(37%)
4Q12
22.3
(27%)
109.6
(33%)96.2
(31%)
20132012
+14%

25. 25
4Q13 / 2013 Results – Pronto! segment before IFRS
Pronto!
EBITDA & Margin
Pronto!
Net Income & Margin before IFRS
(R$ MM) (R$ MM)
+125%
4Q13
10.9
(40%)
4Q12
4.9
(20%)
2012 2013
20.6
(22%)
32.9
(32%)
+60%
+319%
4Q13
9.4
(35%)
4Q12
2.2
(9%)
2012 2013
12.9
(14%)
22.2
(22%)
+72%

26. Expenses
1) Excludes costs and expenses of CrediPronto!..
2) Fonte: IBGE
26
Operacional Expenses
0%
(-0.6)
2013
258.5
2012
259.1
IPCA²
+6%
2013
983.3
2012
928.4
(R$ MM)

27. EBITDA and Margin
27
EBITDA1
EBITDA Margin (%)
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 527.
2) Non recurring: Partial recognition of the 2nd installment of CrediPronto's earnout, expenses related to CrediPronto's earnout and restructuring charge.
37.1
(33%)
222.4
(44%)
171.9
(38%)
50.5
+17%
+52%
+46%
+86%
2013
54.3
(44%)
69.0
(50%) 146.6
(36%)14.7
4Q12 20124Q13
Non-recurring²
Non-recurring²
(R$ MM)

28. EBITDA and Net Revenue
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 527.
28
EBITDA¹ CAGR
(R$ MM)
2011 2012
146.6
171.9
134.9
2013
Net Revenue CAGR
(R$ MM)
2011 2012
412.8
448.1
401.1
2013

29. Net Income and Margin Before IFRS
29
Net Income Attributable to Controlling Shareholders ex-IFRS 1
Net Margin (%)
1) We consider the net income adjusted by non cash IFRS 3 effects (Business Combination) the most accurate net income indicator.
2) Non recurring: Partial recognition of the 2nd installment of CrediPronto's earnout, expenses related to CrediPronto's earnout and restructuring charge.
4Q12
18.5
(17%)
+14%
2012 2013
+75%
+145%
86.1
(21%)
142.1
(28%)
+65%
44.2
97.9
(22%)
4Q13
45.4
(33%)
32.3
(26%)
13.0Non-recurring²
Non-recurring²
(R$ MM)

30. 30
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.
Description Before IFRS
IFRS Effects*
After IFRS Before IFRS
IFRS Effects*
After IFRS
Net Revenue
Costs and Expenses -58,569 -11,257 -69,826 -239,623 -41,767 -281,390 (1)
Non-Recurring Losses 0 0 0
Depreciation and Amortization -4,921 -10,834 -15,755 -15,965 -44,178 -60,143 (2)
Finance Result 5,065 20,442 25,507 15,625 63,365 78,990 (3)
Operational Profit 80,363 -1,649 78,714 263,792 -22,580 241,212 (1)+(2)+(3)
Income tax and social contribution -13,596 9,624 -3,972 -46,481 12,944 -33,537 (4)
Net Income 66,767 7,975 74,742 217,311 -9,636 207,675 (1)+(2)+(3)+(4)
Non-controlling Shareholders -21,406 7,613 -13,793 -75,174 24,088 -51,086 (5)
Net Income attributable to
controlling shareholders
45,361 15,588 60,949 142,138 14,452 156,590 (1)+(2)+(3)+(4)+(5)
* Noncash efects with IFRS 3 (Business Combination)
4Q13 2013

31. CONTACTS
IR
Tel. +55 (11) 3067-0520/0312/0242
E-mail: ri@lopes.com.br
www.lopes.com.br/ir
31