Pdg Apresentacao 1 Q07 Eng

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<ul><li> 1. 1Q07 Results Presentation Investor Relations: Michel WurmanInvestor Relations Officer Joo Mallet Investor Relations Manager Phone Number:+ 55 (21) 3504-3800 E-mail: ri@pdgrealty.com.br Website: www.pdgrealty.com.br/ri </li></ul> <p> 2. ParticipantsJos Antonio T. Grabowsky CEOMichel Wurman Investor Relations OfficerPhone Number:+ 55 (21) 3504-3800E-mail: ri@pdgrealty.com.brWebsite: www.pdgrealty.com.br/ri 3. 1Q07 Highlights PDG Realtys Net Revenue totaled R$68 million, an increase of 220.9% compared to thesame period in the previous year. EBITDA amounted R$21 million, 235.7% increase compared to the first quarter of 2006. Launched PSV totaled R$366.6 million, of which PDG Realtys share was R$143.9 million. PDG Realty participated in the launch of 13 residential projects, totaling 1,632 unitslaunched, and 1 income oriented shopping mall. 84% of the launched units originated from projects in the medium and medium-lowsegments. CCS Shopping Valinhos launch (outside of So Paulo city) with a GLA of 5.277m2. Conclusion of PDG Realtys staff restructure and new installations. 3 4. Recent Events Accomplished Deals:The interest of Goldfarb Incorporaes e Construes S.A. increased from49% to 70%.The interest in CHL Desenvolvimento Imobilirio S.A. increased from 40% to50%.Acquisition of 20% from Patrimvel Consultoria Imobiliria S.A. and from RVIEmpreendimentos Imobilirios Ltda.PDG Realty pro-rata landbank increased, approximately R$600 million, reachingR$2.6 billion and 141 projects.Increase in the area of coverage, including State of Espirito Santo more recently. 4 5. Operational Performance- Launches In 1Q07, we participated in 14 launches with a total PSV of R$366.6 million, of which PDG Realtys share was R$143.9 million. 5 6. Operational Performance - LaunchesLaunches (PDG Realty % in R$ million) Segments 1Q07(%) 1Q06 (%)High16.53 11.5% 0.00 0.0%Medium-high 5.30 3.7% 0.00 0.0%Medium45.82 31.8%54.00 76.2%Medium-low75.19 52.2%16.87 23.8%Comercial 0.00 0.0% 0.00 0.0%Lots1.14 0.8% 0.00 0.0%Total143.97 100.0% 70.87 100.0% Region 1Q07(%) 1Q06 (%)SP - Capital 114.8879.8% 16.8723.8%SP - other Cities 24.3416.9%0.000.0%Rio de Janeiro 4.75 3.3% 54.0076.2%Bahia 0.00 0.0% 0.000.0%Total143.97 100.0% 70.87 100.0% 6 7. Operational Performance - LaunchesLaunches (projects) Segments 1Q07(%) 1Q06(%) High 2 14.3%00.0%Medium-high17.1%00.0%Medium 2 14.3%125.0%Medium-low 7 50.0%375.0%Comercial17.1%00.0%Lots 17.1%00.0%Total 14100.0%4 100.0%1Q07(%) 1Q06(%)Region SP - Capital10 71.4%375.0%SP - other Cities3 21.4%0 0.0%Rio de Janeiro 17.1%125.0%Bahia00.0%0 0.0%Total 14100.0%4 100.0%7 8. Operational Performance - LaunchesLaunches (units)Segments 1Q07 (%) 1Q06 (%) High 593.6% 0 0.0% Medium-high 1126.9% 0 0.0% Medium259 16.0%427 41.9% Medium-low 1,16070.9%592 58.1% Comercial0 0.0% 0 0.0% Lots 422.6% 0 0.0% Total1,632 100.0% 1,019 100.0% Region1Q07 (%) 1Q06 (%) SP - Capital 1,41586.7%592 58.1% SP - other Cities 212 13.0% 0 0.0% Rio de Janeiro 5 0.3%427 41.9% Bahia0 0.0% 0 0.0% Total1,632 100.0% 1,019 100.0%8 9. Operational Performance - LaunchesLaunches (private area - m)Segments 1Q07(%) 1Q06(%)High 13,112 6.0%00.0%Medium-high21,546 9.9%00.0%Medium 20,838 9.6% 32,50752.1%Medium-low 60,44827.9% 29,91447.9%Comercial 0 0.0%00.0%Lots100,90146.5%00.0%Total 216,845 100.0% 62,421 100.0%Region 1Q07(%) 1Q06(%) SP - Capital186,20785.9% 29,91447.9%SP - other Cities29,84613.8%00.0%Rio de Janeiro792 0.4% 32,50752.1%Bahia 0 0.0%00.0%Total 216,845 100.0% 62,421 100.0% 9 10. Sales Total Contracted Sales (in R$ million) Segments 1Q07(%) 1Q06(%) High25.1111.5% 3.95 2.4% Medium-high 54.4825.0%12.67 7.7% Medium63.2329.0% 139.6785.3% Medium-low70.8632.5%7.51 4.6% Comercial0.00 0.0% 0.00 0.0% Lots 4.29 2.0%0.00 0.0% Total217.97 100.0% 163.79 100.0%1Q07(%) 1Q06(%) Region SP - Capital 144.9566.5%28.4817.4% SP - other Cities 24.4511.2%0.000.0% Rio de Janeiro45.1420.7% 135.3182.6% Bahia 3.43 1.6%0.00 0.0% Total217.97 100.0% 163.79 100.0%(%) 1Q06(%)Year1Q072003146.2% 6.774.1%2004 10.5% 4.222.6%2005 83.9% 44.8027.4%20066328.9% 108.0065.9%2007 13260.4% 0.00 0.0%217.97 100.0% 163.79 100.0%10 11. Sales Sold UnitsSegments 1Q07(%) 1Q06(%)High141.6%3 0.5% Medium-high 91 10.6% 23 3.7% Medium 219 25.5%55089.3% Medium-low 521 60.6% 406.5% Comercial 0 0.0%0 0.0% Lots141.7%0 0.0% Total859100.0%616 100.0%Region 1Q07(%) 1Q06(%)SP - Capital 676 78.7% 80.00 13.0% SP - other Cities 39 4.5% 0.00 0.0% Rio de Janeiro 130 15.1% 536.0087.0% Bahia 141.6%0.000.0% Total859100.0%616 100.0%11 12. Landbank PDG Realtys landbank has na estimated pro rata PSV of R$2.6 billion Analysing our landbank segment, we noticed that 72.9% of 2007 expected launches are focused on themedium and medium-low segments.Landbank (% PDG in R$ million) Range 2007ERange 2007 Segments 1Q07(%) Total Landbank(%) HIG16.53 33.00 41.0049.5357.535.3%39.31 1.5% MHI5.30 158.00 200.00 163.30 205.3018.4%347.64 13.5% MID45.82205.00 260.00 250.82 305.8227.8%675.70 26.2% AEL75.19332.00 420.00 407.19 495.1945.1%963.51 37.3% COM0.0025.00 32.0025.0032.002.8%335.40 13.0% LOT1.144.004.00 5.14 5.140.5%219.448.5% Total 143.98757.00 957.00 900.98 1,100.98 100.0% 2,581100.0% Range 2007ERange 2007 Region 1Q07(%) Total Landbank(%) SP - Capital114.89332.00 420.00 446.89 534.8949.0%879.13 34.1% SP - Other Cities24.34178.00 225.00 202.34 249.3422.6%921.01 35.7% Rio de Janeiro 4.75 239.00 302.00 243.75 306.7527.5%649.76 25.2% Esprito Santo 0.000.000.00 0.00 0.000.0%50.33 1.9% Bahia0.008.00 10.00 8.0010.000.9%80.77 3.1% Total 143.98757.00 957.00 900.98 1,100.98 100.0% 2,581100.0% 12 13. Landbank Our landbank comprises 141 projects, 52 launches are expected for the remainder of 2007. Landbank (projects) Segments1Q07 2007E 2007 Total(%) Total Landbank(%)HIG2 5 710.6%5 3.5%MHI1 91015.2% 1611.3%MID2 91116.7% 2014.2%AEL7233045.5% 5035.5%COM1 2 3 4.5%9 6.4%LOT1 4 5 7.6% 4129.1%Total14 5266100.0%141 100.0% Region1Q07 2007E 2007 Total(%) Total Landbank(%)SP - Capital 10 243451.5% 4934.8%SP - Other Cities3131624.2% 6244.0%Rio de Janeiro 1141522.7% 2215.6%Esprito Santo 0 0 0 0.0%1 0.7%Bahia0 1 1 1.5%7 5.0%Total14 5266100.0%141 100.0%13 14. Financial Highlights14 15. 2007 Guidance The graphs below shows management's expectations for 2007: 2007E* Financial Data (R$ milion) Net Revenues 360-380 EBITDA 80-90 Adjusted Net Income100-110 *Estimates under revision15 16. Share Performance Average daily volume January-07: R$31.7 million February-07: R$3.9 million March-07: R$2.9 million April-07: R$5.5 million May-07: R$6.7 million 16 17. Portfolio InvestmentPotencial gains in capital: according to the Private Equity model, PDG Realty has theintention to encourage the growth and development of its investments in order to use theequity market as a capitalization alternative.Current Portfolio allows a strong presence in every Brazilian real state segments Middle to High Rental Income Land parceling Low Income Services IncomeProperties Part.: 70%Part: 17%Part: 17% (indirect) Focus: So Paulo and Rio de Part.: 50% of a joint ventureFocus: So Paulo JaneiroFocus: So PauloPart.: 20%Focus: So Paulo Focus: Rio de JaneiroPart: 50%Foco: Rio de JaneiroPart .: 49% Focus: So Paulo and Rio de JaneiroPart: 50% of a joint ventureFoco: Bahia17 18. Final ConsiderationsFlexibilidade capture a largetodos os segmentos do mercado and Flexibility to para atuar em range of investment opportunities Flexibility market trendsimobilirio BrasileiroExpertise and capacity to invest in: Geographic regions Diversification Market Income class segmentsCount on the bestAbilidade hireagregar os melhores profissionais do mercado e onAbility to para the best management in the industry and leveragemanagement teams in the their specific and local knowledgealavancar suas abilidades em suas especificas reas de atuao industryAdditional capital gainPotenciaisgains in capital through its portfolio investmentsPotential ganhos de capital atravs dos seus investimentos deportfoliopotentialManagement with strong real estate expertise, financial backgroundGesto com grande culture to implement PDG Realtys business and return oriented expertise no setor imobilirio e financeiro com Management expertiseforte cultura de maximizao de retornos strategy The right platform to accomplish a sustainable long term growth Unique business model in the Brazilian real estate market 18 </p>