4Q10 Results Conference Call’s Presentation

4Q10 and 2010
Results
03/24/2011 > Investor Relations

1
www.rossiresidencial.com.br
This material is a presentation of general background information about Rossi Residencial S.A. (“Rossi”) as of the date of this presentation.
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contained herein.
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Disclaimer

2
Heitor Cantergiani
CEO
Main Highlights
Leonardo Diniz
Sales Officer
Operating Performance
Cássio Audi
CFO and IRO
Financial Performance
Agenda

3
Operating Performance
4Q10
 Total launches of R$ 1.6 billion (R$ 1.1 billion – Rossi’s share), up 53% compared to 4Q09;
 Contracted sales of R$ 1.2 billion (R$ 906 million – Rossi’s share), up 40% compared to 4Q09;
 SOS(¹) of 28% - all time high;
 Low income segment represented 38% of total PSV launched and 52% of the total units launched.
2010
 Total launches of R$ 4.8 billion (R$ 3.4 billion – Rossi’s share), up 74% compared to 2009;
 Contracted sales of R$ 4.0 billion (R$ 3.1 billion – Rossi’s share), up 71% compared to 2009;
 Low income segment represented 50% of PSV launched ( Rossi’s share).
4Q10
 ROE reaches 16% growth of 3 p.p. on 4Q09;
 Net revenue totals R$ 711 million (49% higher than in 4Q09);
 EBITDA reaches R$ 145 million (57% higher than in 4Q09), with EBITDA margin of 20.4%;
 Net income totals R$ 91 million (28% higher than in 4Q09).
2010
 ROE reaches 15% growth of 6 p.p. on 2009;
 Net revenue totals R$ 2.5 billion (59% higher than in 2009);
 EBITDA reaches R$ 533 million (62% higher than in 2009), with EBITDA margin of 21.4%;
 Net income totals R$ 350 million (72% higher than in 2009).
3
Highlights
(¹) SOS (¹) – sales over supply

2009 2010 2011
Conventional Low Income
4
Rossi exceeded the midpoint of its launch guidance for
2010 and reaffirms its launch guidance for 2011
PSV (% Rossi) in R$ million
2,156
3,347
4,200 <=> 4,600
52%
48%
50%
50%
50%<=>55%
55%
48%
52%

763 1,090
2,156
3,347
257
467
602
1,451
4Q09 4Q10 2009 2010
Rossi Partners
6
*RMSP – São Paulo Metropolitan Region
R$ million
Launches
1,020
1,557
53%
2,758
4,798
74%
Income Segment distribution (% Rossi) - 2010Regional distribution (% Rossi) - 2010
50%
36%
14%
Low Income Segment
Conventional
Commercial
22%
16%
16%7%
6%
6%
4%
4%
4%
4%
4%
3%
2%
1% São Paulo (other cities)
Rio Grande do Sul
São Paulo (RMSP)
Amazonas
Goiás
Rio de Janeiro
Espírito Santo
Rio Grande do Norte
Minas Gerais
Ceará
Paraná
Federal District
Bahia
Mato Grosso do Sul
Santa Catarina
Pará

48%
38%
14%
Conventional
Low Income
Commercial
621 906
1,825
3,084
207
256
515
910
4Q09 4Q10 2009 2010
Rossi Partners
7
*RMSP – São Paulo Metropolitan Region
Contracted Sales
828
1,162
2,340
3,994
40%
71%
R$ million
Regional distribution (% Rossi) - 2010
22%
21%
13%
10%
7%
6%
4%
4%
3%
3%
2%
2%1%
São Paulo (other cities)
São Paulo (RMSP)
Rio Grande do Sul
Rio de Janeiro
Paraná
Minas Gerais
Espírito Santo
Federal District
Amazonas
Gioás
Ceará
Rio Grande do Norte
Mato Grosso do Sul
Bahia
Income Segment distribution (% Rossi) - 2010

15%
20%
21%
23%
25%
26%
27%
28%
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10
8
Consistent SOS growth in the last 8 quarters:
Sales velocity (SOS) calculation breakdown by quarter:
SOS and Inventories
SOS - % Rossi (R$ million) 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10
Initial inventory 1,770 1,630 1,603 1,959 2,101 2,006 2,052 2,180
Launches 143 377 873 763 571 757 930 1,090
Initial inventory + launches 1,913 2,007 2,476 2,722 2,672 2,763 2,982 3,270
Sales 283 404 517 621 666 711 802 906
SOS (%) 15% 20% 21% 23% 25% 26% 27% 28%
Final inventory 1,630 1,603 1,959 2,101 2,006 2,052 2,180 2,364

41%
27%
12%
9%
6%
5%
Low income segment
R$ 200,000 to R$ 350,000
R$ 350,000 to R$ 500,000
Above R$ 500,000
Commercial
Lots
33%
12%
10%
8%
7%
6%
4%
4%
4%
3%
2%
1%
São Paulo (other cities)
Rio Grande do Sul
Federal District
São Paulo (RMSP)
Minas Gerais
Goiás
Rio de Janeiro
Bahia
Paraná
Espírito Santo
Rio Grande do Norte
Ceará
Amazonas
Paraíba
9
 Landbank diversified by region and product
 Total PSV of R$ 27 billion (R$ 18 billion – Rossi’s share)
*RMSP –São Paulo Metropolitan Region
Landbank
 304 sites in 85 cities
 11 million m2 for construction
 140,000 units
70% acquired by swaps
Regional diversification Income segment diversification
36%
34%
30%
Financial Swap
Unit Swap
Cash

11
4Q10
 ROE reaches 16%;
 Net revenue totals R$ 711 million;
 Gross income totals R$ 231 million, with gross margin of 32.4%;
 EBITDA totals R$ 145 million, with EBITDA margin of 20.4%;
 Net income totals R$ 91 million, with net margin of 12.7%.
2010
 ROE reaches 15%;
 Net revenue totals R$ 2.5 billion;
 Gross income totals R$ 788 million, with gross margin of 31.6%;
 EBITDA totals R$ 533 millions, with EBITDA margin of 21.4%;
 Net income totals R$ 350 million, with net margin of 14.0%.

144
231
481
788
4Q09 4Q10 2009 2010
476
711
1.572
2.496
4Q09 4Q10 2009 2010
12
Net Revenue (R$ million)
30.2%
32.4%
59%
64%
30.6%
31.6%
Gross Income (R$ million) and Gross Margin (%)
49%
61%
1,572
2,496

71
91
204
350
4Q09 4Q10 2009 2010
92
145
330
533
4Q09 4Q10 2009 2010
13
EBITDA (R$ million) and EBITDA Margin (%)
62%
57%
20.4%19.4%
21.4%21.0%
Net Income (R$ million) and Net Margin (%)
72%
28%
12.7%14.9%
14.0%
12.9%

63%
37%
Long Term
Short Term
77%
15%
8%
Construction financing (1)
Debentures
Working capital
Total debt breakdown
Debt Profile
14
¹ Considering CEF debentures
Return on equity (ROE) and Debt
13%
16%
9%
15%
4Q09 4Q10 2009 2010
4Q10 3Q10
Net Debt 1,141 875
Net Debt / Shareholders Equity 45% 34%
Net Debt (-SFH) 10 -272
Net Debt (-SFH) / Shareholders’ Equity 0.4% -10.7%
Return on equity (ROE) - %

15
Market Value RSID3
Total shares 266,436,388
Price on March 23, 2011 14.44
Market Value R$ 3,847
Performance RSID3
Rossi outperformed its industry benchmarks and Bovespa index in the last 12 months.
70
80
90
100
110
120
130
RSID x IBOV x IMOB
RSID3 IBOV IMOB

16
Equipe de RI
Thank You!
Cássio Elias Audi
CFO and Investor Relations Officer
Adriana Godinho
Investor Relations Manager
Ph. (55 11) 4058-2500
Gabriel Spera Borba
Investor Relations Analyst
Ph. (55 11) 4058-2502
Paula Oliveira
Investor Relations Analyst
Ph. (55 11) 4058-2503
ri@rossiresidencial.com.br
www.rossiresidencial.com.br/ri

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