2. Recent Events
Change in the maturity of the debentures
Postponement of 6 month of all installments;
Reduction in the short term disbursements;
Stretching the maturity of an important portion of our debt at low cost.
3Q12 2
3. Completion of Projects
Total PSV R$126 mm delivered in 3Q12
Jardim Paradiso IIB-III Acqua Park I
Location: Nova Iguaçu (RJ) Segment: Economy Location: Guarulhos (SP) Segment: Economy
Units: 963 % Sold: 47% Units: 415 % Sold: 98%
PSV: R$ 88,6mm (%CR2 R$88,6mm) PSV: R$ 37,5mm (%CR2 R$32,0mm)
3Q12 3
4. Completion of Projects
Projects Delivery Schedule PSV (R$mm) Units
Acqua Park II 4T12
4Q12 12,8 166 Costs are 100% covered
Splendore Valqueire II 4T12
4Q12 12,8 160 SFH (21%) and Crédito Associativo (79%)
Acqua Park II* 1Q13
1T13 29,6 166
Top Life View 2Q13
2T13 35,9 300
*2 buildings from Acqua II
Delivery Schedule: PSV (R$mm) Delivery Schedule: Units
8.088 Units
Total PSV of R$1,137.5mm (100% of PSV launched)
902
5.918
95%
652 1.378
126
52 42 326 166 300
121 15 63% 97%
42 13 36 85% 95%
Delivered: 9M12 4Q12 1Q13 2Q13 Delivered: From 9M12 4Q12 1Q13 2Q13
From 2008 to 2008 to 2011
2011
Sold Inventory
CR2 Partners
3Q12 4
5. Contracted Sales
Gross sales 361 units Sales cancellations 354 units
177 in Jardim Paradiso 266 in Jardim Paradiso (67% was already resold )
Vendas Contratadas Totais (R$mm)
77,1
57,4
46,5
10,9
8,7
1T12
1Q12 2T12
2Q12 3T12
3Q12 9M11 9M12
9M12
3Q12 5
7. Inventory
Inventory at Market Price* Units in Inventory
Data 1Q12 2Q12 3Q12 1Q12 2Q12 3Q12
Delivired 146.813 97.915 90.104 1.217 802 800
4Q12 11.094 9.476 9.419 48 41 38
1Q13 2.561 1.829 596 14 10 4
2Q13 - - 678 - - 4
Total 160.468 109.220 100.797 1.279 853 846
*Inventory %CR2 at Market Price in R$mm
Inventory at Market Value Inventory at Market Value Inventory at Market Value
Construction Status Average Price Region
0% 1% 6%
12%
14%
Under Construction > R$170k Jardim Paradiso - RJ
38%
R$171k - R$350k Parque das Águas - RJ
61% 22% 58%
Completed R$351k - 1,000k Others RJ
88%
Metropolitan Area of SP
3Q12 7
8. Land Bank
Average Price Total PSV CR2 PSV
Project City (State) Segment Units % CR2
(R$ 000) (R$ mm) (R$ mm)
Cidade Paradiso Nova Iguaçu (RJ) Economy 95 23.183 2.202 2.202 100%
Parque das Águas São Gonçalo (RJ) Economy 137 3.253 446 357 80%
Sta. Cecília – Madureira Nova Iguaçu (RJ) Economy 100 3.500 350 350 100%
Diamond White (Chafi Chaia) Campo Grande (RJ) Medium 518 42 22 17 80%
Diamond Black (Chafi Chaia) Campo Grande (RJ) Commercial 316 117 37 30 80%
Manaú 2 Guarulhos (SP) Economy 109 450 49 42 86%
Top Life Village (Colônia Paraíso) S. J. Campos (SP) Economy 100 392 39 34 86%
Total 102 30.937 3.146 3.032 96%
% Projects PSV on our Land bank
5%
11%
Cidade Paradiso
14% Parque das Águas
70% Sta. Cecília – Madureira
Outros
3Q12 8
12. Receivables
(R$'000) 3Q12 2Q12
Receivables from Real Estate Sales 326.178 343.067
Revenues to be Recognized 20.783 34.313
Advances from Clients (15.790) (23.319)
TOTAL Receivables from Clients 331.171 354.061
Receivable from Transfer of Receivables 46.075 51.162
Direct Financing 8.812 8.444
TOTAL Receivables 386.058 413.666
Total Receivables (R$'000) Total % Total
Performed * 141.317 37%
2012 80.947 21%
2013+ (ex. Link) 33.286 9%
Link 130.509 34%
Total 386.058 100%
*R$72mm in Jardim Paradiso
3Q12 12
13. IR Contact
Investor Relations
Rogério Furtado
Chief Financial and Investor Relations Officer
Bruno Barreto Silva
Financial and Investor Relations Analyst
Contact:
www.cr2.com.br/ir
ri@cr2.com.br
Phone: +55 (21) 3095-4600 / 3031-4600
This presentation contains certain statements that are neither reported financial results or other historical information. They are forward-looking statements.
Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by
the statements. Many of these risks and uncertainties relate to factors that are beyond CR2’s ability to control or estimate precisely, such as future market
conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators, the Company's ability to continue to obtain
sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or
technological trends or conditions, inflation and consumer confidence, on a global, regional or national basis.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. CR2 does not
undertake any obligation to publicly release any revisions to these forward looking statements to reflect events or circumstances after the date of this
presentation.
3Q12 13
