EZTEC Empreendimentos e Participações S A : Notice to the Market - EZTEC announces Preview of 4Q21 Operating Results

Preliminary Operational Results

4Q21

Earnings Release

March 17th, 2022

Conference Call:

English and Portuguese

March 18 th, 2021

Contact IR:

A. Emílio C. Fugazza

Pedro Tadeu T. Lourenço

Giovanna Bittencourt

Ronan Aley

Tel.: [phone] [e-mail] www.eztec.com.br/ri

EZTEC S.A.

ON (B3: EZTC3)

Outstanding shares: 223,107,400

Date: 01/14/2022

4Q21 ends with the highest sales volume since the beginning of the pandemic

In 4Q21 R$ 491 million were launched and gross sales of R$ 402 million

São Paulo, January 14, 2022 - EZTEC S.A. (BOVESPA: EZTC3; Bloomberg; EZTC3:BZ), announces the preview of the operating results for the fourth quarter of 2021 (4Q21). The results presented here are managerial and are subject to external audit review. The 4Q21 results are scheduled to be released on March 17, 2022, after the close of the market.

Launches

		Launched PSV% EZTEC (R$ MN)		Cumulative Launched PSV% EZTEC
				(R$ MN)
							EZ Towers	Stake Acquisition	Launches
									1899
									97
			928				993
							753			1906
								1802
381			460	491		650		24	1151
				729
28					75
						268
	4Q20	1Q21	2Q21	3Q21	4Q21	2017	2018	2019	2020	2021

During 4Q21, the Company carried out the following launches:

• In Design Ipiranga, located in the South Zone of the city of São Paulo, 4 minutes from Parque da Independência and close to the Chácara Klabin and Vila Mariana districts. The tower has 150 middle-high standard units, with areas ranging from 30 to 60 m², generating a total PSV of R$ 66.5 million.
• Fit Casa Estação Oratório, located in the East Zone of the city of São Paulo, 300 meters from the Oratório subway station and 500 meters from the Vila Prudente Ecological Park. The tower has 80 low-end units, with areas ranging from 26 to 32 m², generating a total PSV of R$ 15.6 million.
• Unique Green, located in the North Zone of the city of São Paulo, 100 meters from Cidade Toronto Park, close to Rod dos Bandeirantes, Anhanguera and Marginal Tietê. The first phase has 442 middle-end units, with areas ranging from 69 to 155 m², generating a total PSV of R$367.1 million.
• Pin Osasco, located in the city of Osasco, 4 minutes from the Manoel Manzano Municipal Park and close to the center of Osasco and the Castello Branco Highway. The 3 towers total 351 low-income units, with areas ranging from 26 to 49 m², generating a total PSV of R$68.8 million. Considering that EZTEC holds a 60% stake in the project, the company's PSV is R$41.3 million.

Launches (4Q21)

In Design Ipiranga	Fit Casa Estação Oratório	Unique Green - 1st phase	Pin Osasco - 1st phase
Location: Rua Ocrísia, Parque	Location: Avenida Sarah Veloso,
Location: Rua Oliveira Alves,	Location: Av. Alberto Ramos, Vila
Toronto/SP	Osasco/SP
Ipiranga/SP	Prudente/SP
Segmentation: Residential	Segmentation: Residencial
Segmentation: Residential	Segmentation: Residential	Standard: Middle-end	Standard: Low-end
Standard: Middle/High	Standard: Low-end
EZTEC's PSV: R$367.1 MN	EZTEC's PSV: R$41.3 MN
EZTEC's PSV: R$66.5 MN	EZTEC's PSV: R$15.6 MN
% sold: 50%*	% sold: 11%*
% sold: 1,5%*	% sold: 8%*
Units sold: 222*/442	Units sold: 40*/351
Units sold: 2*/150	Units sold: 6*/80
*Management data updated in 01/14/21

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During 2021, the Company has launched the following projects:

	Project		Currently	Launch	Conclusion		Region		Standard		# Units	Total PSV		PSV EZTEC
		% EZ	Quarter	Expectation				Launch	100% (R$ MN)		(R$ MN)
	ID Paraíso		50%	1Q21	may/24		South Zone		Smart Living		231	56		28
	Total 1Q21										231	56		28
	Dream View Sky Resort		100%	2Q21	dec/24		East Zone		Middle-end		420	253		253
	EZ Infinity		100%	2Q21	may/25		South Zone		High-end		88	675		675
	Total 2Q21										508	928		928
	Arkadio		100%	3Q21	jul/25		South Zone		High-end		276	460		460
	Total 3Q21										276	460		460
	In Design Ipiranga		100%	4Q21	oct/24		South Zone		Middle-end		150	66		66
	Fit Casa Estação Oratório		100%	4Q21	jan/24		South Zone		Low-end		80	16		16
	Unique Green - 1st phase		100%	4Q21	may/25		West Zone		Middle-end		442	367		367
	Pin Osasco - 1st phase		60%	4Q21	may/24		Osasco		Low-end		351	69		42
	Total 4Q21										1,023	518		491
	Total 2021										2,038	1,962		1,907

Guidance

The Guidance for the 2020/2021 biennium ranged from R$ 4 billion to R$ 4.5 billion. In 2021, the Company launched R$1.91 billion in PSV, added to the PSV launched in 2020 of R$1.15 billion, reaching 76.5% of the lower edge of the Guidance.

Due to issues such as COVID, inflation, interest rate increases, among others, the Company revisited its launches, looking for those who would bring better return, safety and sales speed in this period. Although it did not reach the Guidance, EZTEC understands that the volume of launches carried out is adequate considering the country's economic situation.

Net Sales and Cancellations

Quarter Net Sales % EZTEC

(R$ MN)Cumulative Net Sales

% EZTEC (R$ MN)

				369				1.566
282		286	266
235						1.196	1157
					866
						604
4Q20	1Q21	2Q21	3Q21	4Q21
2017	2018	2019	2020	2021

Net sales in 4Q21 were R$369 million, broken down into R$402 million in gross sales and cancellations of R$33 million. Sales for the quarter had the highest volume in 2021.

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Net sales and Cancellations 3Q21 - % EZTEC

(R$ Milhões)

							33
	2			25		369
198					6
89
55
		28
Launches	Stand	In	Ready Units	TOTAL
			Construction
			Net Sales		Cancellations

It's worth noting that the former 'launches' category status was subdivided into Launches 4Q21 and Stand. This segmentation is based on the assumptions below (accompanied by examples of the quarter's commercial highlights):

• Launches 4Q21:projects launched in the quarter;
  (Unique Green (1st phase), In Design Ipiranga, Fit Casa Estação Oratório and Pin Osasco (1st phase))
• Stand:projects launched in prior quarters with construction not yet started;
  (Dream View Sky Resort and Arkadio)
• In construction:projects of which construction has started;
  (EZ Infinity, ID Paraíso, EZ Parque da Cidade, Signature by Ott, Jardins do Brasil - Reserva JB, Air Brooklin, Fit Casa Alto do Ipiranga, Pin Internacional, Meu Mundo Estação Mooca, etc.)
• Performed:completed projects with proper housing permit issued.
  (Fit Casa Brás, Sky House, Vértiz Vila Mascote, Fit Casa Rio Bonito, Vértiz Tatuapé, Diogo Ibirapuera e ID Ibirapuera, Le Jardin Ibirapuera and other projects launched in the past by the Company)

Guided by the transparency and continuity, the graph below discloses gross sales and cancellation figures, accumulated over 12 months:

Sales and Cancellations - LTM (R$ MN)

										2.852	3.089	3.379	3.659	3.250	3.415	3.156	2.882	3.294	3.098	3.018
								2.361
1.611	1.602	1.586	2.000							1.808
								1.654				1.562	1.573
												1.393											1.322				1.279			1.284
										1.193																1.200
												199	201
927	760																1.104
622			932
				473																									368
						350	280	213						223	290	318	328	342	335
695	680	680	801
	368		313		259		197		144		112		89		88		88			92		113		126		129			142		131		127
1Q18	2Q18	3Q18	4Q18	1Q19	2Q19	3Q19	4Q19	1Q20	2Q20	3Q20	4Q20	1Q21		2Q21	3Q21	4Q21
		Gross Sales 12M (R$ MN)			Cancellations 12M (R$ MN)			Gross Sales 12M (unit)					Cancellations 12M (unit)

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Gross Sales by Standard - % of EZTEC

Cancellations by Standard - % of EZTEC

2%

27%

0% 14%

1%

0% 24%

23%

R$ 1284 Million

32%

19%

6%

Gross Sales by Year of Launch - %

EZTEC

19%

33%

4%

R$ 1284 Million

20%

24%

1%		R$ 127 Million

13%

38%

Cancellations by Year of Launch

% EZTEC

5% 6%

9%

28%

R$ 127 Million

52%

The following chart shows the sales oversupply calculations, weighted by EZTEC's participation, highlighting the liquidity of the projects originated by the Company:

Sales Over Supply	4Q21	4Q20	2021	2021
Net Sales (R$ thousand)	365,283	282,142	1,152,547	1,196,393
Vendas Brutas (R$ thousand)	402,531	318,907	1,284,085	1,322,409
Inventory (R$ thousand)	2,785,810	1,733,344	2,785,810	1,733,344
Net Sales Over Supply	11.6%	14.0%	29.3%	40.8%
Gross Sales Over Supply	12.6%	15.5%	31.6%	43.3%

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