Preview of Operational Results | 3Q22
FOR IMMEDIATE RELEASE - São Paulo, October 18, 2022 - Gafisa S.A. (B3: GFSA3; OTC: GFASY), one of Brazil's leading homebuilders, announced today its operational results for the second quarter of 2022. The operational results are preliminary and subject to review by the auditors.
GAFISA increases net sales by 143% and launches R$ 204 million in PSV in 3Q22
Gafisa announces to the market the preview¹ of its operating results for the 3rd quarter of 2022, represented by the performance of launches, sales, and inventory movement indicators.
In this quarter, the company continued to show growth in its sales performance. Net sales reached R$ 184.5 million, increasing 143% in comparison to 3Q21. In the 9M22, we reached R$621.3 million in net sales, representing a 62% increase compared to the same period in 2021.
In the third quarter of 2022 we launched the Sense Icaraí development in the city of Niterói-RJ, with a PSV of R$ 204 million.
During this year, we have launched 05 new developments and reached a PSV of R$ 730 million. In addition to the project launched in the quarter, we also had the pre-launch of Cidade Jockey project, in the city of São Paulo, with a PSV of R$ 340 million. Currently with a stand and advertising campaigns in place, the project will contribute with sales in the coming quarters. Gafisa will exceed R$ 1.0 billion in VGV in 2022 among pre-launch and launches.
With the sales performance in the quarter, the inventory was reduced, in the margin, in comparison with the 2Q22, reaching R$ 1.9 billion. The mid-high and high-end developments correspond to 84% of Gafisa's PSV and currently 98% of the inventory is concentrated in Rio de Janeiro and São Paulo.
Note 1 - We point out that these operational results are preliminary and subject to review by auditors.
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Preview of Operational Results | 3Q22
Sales
Gross sales¹ reached R$237.1 million, increasing 48% in comparison with 3Q21. Net sales reached R$ 184.5 million, increasing 143% in comparison with 3Q21. In 9M22, Gafisa increased net sales by 62%, reaching R$ 621.3 million.
Sales per quarter
R$'mn | 13.6 | |||||
11.7 | 231.3 | 247.2 | 227.6 | 237.1 | ||
201.1 | 11.5 | |||||
162.9 | 159.5 | |||||
5.0 | 8.9 | 9.1 | 8.8 | |||
128.9 | 179.9 | 75.8 | 196.9 | 233.5 | 203.4 | 184.5 |
1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 |
Net Sales | Dissolution | Sales over Supply (SoS) |
Net Sales by construction | Net sales by segment (%) | |
phase (%) | 3% | |
19% | 7% | |
31% |
46% | |||||||
44% | |||||||
50% | |||||||
Launches | Under | Concluded | High | Medium | Mediu | Medium low | |
construction | |||||||
high | m | ||||||
Net Sales | |||||||
184,5 | R$'mn | ||||||
621,3 | |||||||
62% | |||||||
143% | 384,6 | ||||||
75,8 | |||||||
1Q21 | 1Q22 | 9M21 | 9M22 | ||||
Net Sales | Vendas Líquidas - YTD | 2 | |||||
Preview of Operational Results | 3Q22
Launches
In the 3rd quarter of 2022, the company launched the development Sense Icaraí in the city of Niterói-RJ, totaling a PSV of R$ 204 million. With this, Gafisa reached R$ 730 million in launches in 2022. It's R$ 471 million, or 65%, in the city of São Paulo.
Launches reached R$ 730 million in 2022
Evolve Vila | Go Inn | Stratos Bandeira | |||||
Launches | We Sorocaba | Mariana | República | Paulista | Sense Icaraí | 3Q22 | 2022 |
1Q22 | 2Q22 | 2Q22 | 2Q22 | 3Q22 | |||
Site Location | RJ - Capital | SP - Capital | SP - Capital | SP - Capital | RJ - Niterói | ||
PSV Pre Launches | 54,916 | 137,500 | 172,273 | 161,363 | 169,346 | 204,115 | 730,167 |
% Gafisa | 100% | 100% | 100% | 100% | 100% | ||
Swifted PSV | - | - | - | 22,084 | - | 34,769 | 56,853 |
PSV Launched w/o swift | 54,916 | 137,500 | 172,273 | 139,279 | 169,346 | 169,346 | 673,314 |
Sense Icaraí | Stratos Bandeira Paulista |
We Sorocaba | Evolve Vila Mariana | 3 |
Preview of Operational Results | 3Q22
Pre-Launch
In the 3rd quarter of 2022, Gafisa pre-launched the project Cidade Jockey, located in the city of São Paulo, with approximately R$ 340 million in PSV.
Currently with a stand and advertising campaigns in place, the project will contribute with sales in the coming quarters. Gafisa will exceed R$ 1.0 billion in VGV in 2022 among pre- launch and launches.
Launches + Pre-launches more than R$ 1.070 billion in 2022
Launches | ||
Pre Launches | Cidade Jockey | (+) Pre |
Pre Launch | ||
Site Location | SP - Capital | |
PSV Pre Launches | 340,000 | 1,070,167 |
% Gafisa | 100% | |
Swifted PSV | 27,200 | 84,053 |
PSV Launched w/o swift | 312,800 | 986,114 |
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Preview of Operational Results | 3Q22
Building Construction conclusions
In the third quarter of 2022, the Belvedere Lorian project in the city of Osasco was concluded, with 266 units and a PSV equivalent to more than R$ 173 million. In the year, six projects were concluded, with 1,064 units and a PSV of R$ 610 million.
Completion of 1,064 units, with R$610 million equivalent PSV in 2022
UpLife | Belvedere Lorian | ||||||
Delivered buildings | Scena Tatuapé | Cinquo | Upside Paraíso | Moov Belém | Conceição | Boulevard | 2022 |
Project Conclusion | 1Q22 | 1Q22 | 1Q22 | 1Q22 | 1Q22 | 3Q22 | |
Quarter of delivery | 2Q22 | 2Q22 | 2Q22 | 3Q22 | 2Q22 | 4Q22 | |
Month of delivery | May, 2022 | May, 2022 | May, 2022 | July, 2022 | June, 2022 | November, 2022 | |
Units | 168 | 24 | 109 | 437 | 60 | 266 | 1,064 |
PSV (R$'mn) | 124,540 | 32,897 | 154,495 | 90,696 | 34,809 | 172,549 | 609,986 |
Site Location | SP - Capital | SP - Capital | SP - Capital | SP - Capital | SP - Capital | SP - Osasco |
CINQUO | UPLIFE CONCEIÇÃO | SCENA TATUAPÉ | ||
UPSIDE PARAÍSO | BELVEDERE LORIAN | |||
MOOV BELÉM | ||||
BOULEVARD | ||||
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Gafisa SA published this content on 18 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2022 23:11:57 UTC.