Q3 2024 EZ TEC Empreendimentos e Participacoes SA Earnings Call (English, Portuguese) Transcript
Key Points
- EZ TEC Empreendimentos e Participacoes SA (BSP:EZTC3) reported significant growth in net revenue, with over 100% increase from Q1 to Q3 2024.
- The company achieved a gross margin of 34% in Q3, with future projections firmly above 40%, indicating strong profitability.
- Sales speed has improved significantly, with almost half of the total projected sales sold within the first three months of each project launch in 2024.
- The company has a well-distributed landbank valued at BRL10.355 billion, sufficient for the next three years, reducing the need for immediate land acquisitions.
- EZ TEC announced an extraordinary dividend payout of BRL180 million, reflecting strong financial health and shareholder returns.
- The medium income segment in São Paulo has lost strength, potentially impacting future sales in this category.
- Interest rate increases have affected client mortgage approvals, posing a challenge for future sales.
- The company faces uncertainties in the macroeconomic environment, which could impact future growth and sales.
- There is a significant reliance on the fiduciary sale portfolio, which could pose risks if not managed effectively.
- The company's inventory levels have increased, particularly in the high-income segment, which may require strategic management to avoid overstock.
Welcome, ladies and gentlemen, to EZTEC Q3 2024 earnings call. Hello, I am Pedro Lourenco, I'm in charge of the company's Investor Relations department. And for this presentation, we have Mr. Silvio Ernesto Zarzur, Board member and CEO of the company; Flávio Ernesto Zarzur, Vice President and President of the Administration Board; Samir El Tayar, Vice President of the Administration Board; Marcelo Ernesto Zarzur Board member; and [Marcelo Zarzur], Vice President and Director of the company, as well as Emilio Clemente Fugazza, Financial and IR Director at EZTEC.
Please note that this event is being recorded and all participants will be in listen-only mode during the company's presentation.
After that, we will begin the Q&A session and at that point, we will provide more information. If you need any assistance during this conference, please request help from support by typing a message into the chat. If you disconnect from the call, please use the same link or the ID that's available on our website
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