Helbor Empreendimentos SA : Preliminary Operational Results for 4Q13 and 2013

4Q13 and 2013 PRELIMINARY OPERATIONAL RESULTS

Launches reach R$ 1.03 billion in 4Q13 and R$ 1.97 billion in 2013

Mogi das Cruzes, January 15, 2014 - Helbor Empreendimentos S.A. (BM&F BOVESPA: HBOR3), a residential and commercial real estate developer covering 31 cities in 10 states, in addition to the Federal District, Brasília, announces today its preliminary unaudited operating results for the fourth quarter of 2013 (4Q13) and the year of 2013.

Total Potential Sales Value (PSV) Launched reached R$1.028 billion in 4Q13, an increase of 9.7% compared to 4Q12.

Helbor's interest totaled R$804.1 million. In the year of 2013, launches summed R$1.972 billion in total PSV and

R$1.504 billion in Helbor's interest, an increase of, respectively, 7.5% and 7.9% compared to 2012.

Total Pre-Sales summed R$537.6 million in the quarter, an amount 1.2% higher than the one presented in 4Q12.

Helbor's interest reached R$403.7 million, 2.2% higher year-over-year. In 2013 total pre-sales reached R$1.4 billion, representing a 7.3% decrease compared to 2012.

Sales over Supply (SoS), considering Helbor's stake, reached 17.0% in the quarter and 39.8% in the year.

Deliveries in 4Q13 totaled R$740.9 million in Total PSV or R$435.8 million in Helbor´s interest, at the launching date, corresponding to 2,259 units delivered in the period. In the year, summed a total of 4,922 units, R$1.079 billion in Helbor´s interest.

OPERATIONAL HIGHLIGHTS

Operational Highlights	4Q13	4Q12	Var.	3Q13	Var. 2013	2012	Var.
Operational Highlights	(Preliminary)	4Q12	4Q13 x 4Q12	3Q13	4Q13 x 3Q13 (Preliminary)	2012	2013 x 2012
Launches (100%)
Net PSV (R$ '000)21,028,170 937,220 9.7% 254,457 304.1% 1,971,632 1,834,929 7.5%
# of Units12,798 1,882 916 517 2,281 4,599 4,522 77
# of Net Units21,952 1,718 234 454 1,498 3,599 2,427 1,172
# of Developments 11 8 3 3 8 23 18 5
Launches (% Helbor)
Net PSV (R$ '000)2804,084 711,368 13.0% 185,508 333.4% 1,504,190 1,394,591 7.9%
Helbor's Interest278.2% 75.9% 230 bps 72.9% 530 bps 76.3% 76.0% 30 bps
Pre-Sales (100%)
Pre-Sales (R$ '000) 537,621 531,342 1.2% 280,450 91.7% 1,424,340 1,536,366 -7.3%
Sold Units 1,155 1,057 98 580 575 3,041 3,646 (605)
Pre-Sales (% Helbor)
Pre-Sales (R$ '000) 403,693 395,012 2.2% 212,628 89.9% 1,107,248 1,165,301 -5.0%
Helbor's Interest 75.1% 74.3% 70 bps 75.8% -70 bps 77.7% 75.8% 190 bps
SoS 17.0% 23.6% -660 bps 13.0% 400 bps 39.8% 51.7% -1190 bps

1 - Includes units under swap agreements

2 - Net of swap agreements

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LAUNCHES

Total Launched PSV reached R$1.028 billion in 4Q13, with Helbor´s interest of 78.2%, and totaling 11 developments (6 residential and 5 commercial). This volume of Helbor's PSV (R$804.1 million) represents an increase of 13.0% year-over- year and 333.4% quarter-over-quarter. In 2013, launches totaled R$1.972 billion in total PSV and R$1.504 in Helbor's interest, an increase of, respectively, 7.5% and 7.9% in relation to 2012. The table below details the launches of the year:

Developments

(PSV in R$ '000)

1 Net

Units2

Total Net

PSV2

Helbor Net

PSV2

Helbor's

Interest

Doppio by Helbor

Référence by Helbor

Helbor Enjoy Guarulhos - 1stPhase Helbor Dual Offices & Corporate Helbor My Way Abolição

Total 1Q13 - 5 Developments

Passarela Park Prime - 1stPhase May-13 Campo Grande

- MS

19 64,753 38,852 60.0%

30 61,366 52,161 85.0%

187 63,160 63,154 100.0%

242 60,098 54,088 90.0%

136 68,730 68,723 100.0%

614 318,107 276,978 87.1%

Upper Middle 220 220 171,057 68,423 40.0%

Helbor Enjoy Guarulhos - 2ndPhase Jun-13 Guarulhos - SP Middle 216 180 61,700 61,694 100.0%

Ideale Jun-13 São Bernardo do Campo - SP

Helbor Corporate Tower Jun-13 São José dos

Campos - SP

Middle 138 138 76,581 45,949 60.0%

Commercial 50 41 61,560 61,554 100.0%

Total 2Q13 - 4 Developments 624 579 370,898 237,619 64.1%

Helbor Vivere Jardim Analia Franco Aug-13 São Paulo - SP Upper Middle 60 53 42,429 38,186 90.0%

Helbor Life Club Patteo Mogilar Sep-13 Mogi das

Cruzes - SP

Upper Middle 216 216 137,694 110,155 80.0%

Parkinn By Radisson Santos Sep-13 Santos - SP Commercial 241 185 74,334 37,167 50.0%

Total 3Q13 - 3 Developments 517 454 254,457 185,508 72.9%

Helbor Offices Savassi Oct-13 Belo Horizonte

- MG

Commercial 196 122 60,064 48,051 80.0%

Arthouse Double Sky - 1ª Fase Nov-13 Campinas - SP High 50 40 57,454 40,218 70.0% Origem Tatuapé By Helbor - 1ª Fase Nov-13 São Paulo - SP Middle 120 108 65,617 59,056 90.0% One Eleven Home and Work By Helbor Nov-13 São Paulo - SP Commercial 176 176 170,529 136,423 80.0% Helbor Apto Campo Belo Nov-13 São Paulo - SP Middle 96 76 44,502 44,497 100.0%

Neolink Office, Mall & Stay Dec-13 Rio de Janeiro - RJ

Commercial 428 275 191,626 134,138 70.0%

Helbor Trend SP Dec-13 São Paulo - SP Middle 138 128 53,646 53,640 100.0% Helbor Arte Faria Lima Dec-13 São Paulo - SP Middle 66 50 27,493 27,490 100.0%

Trilogy Home, Office & Stay - 1ª fase Dec-13 São Bernardo do Campo - SP

Commercial 780 551 199,374 139,562 70.0%

Up Village By Helbor Dec-13 São Paulo - SP Middle 104 104 52,837 36,986 70.0%

Centro Empresarial Aquarius Dec-13 São José dos

Campos - SP

Commercial 644 322 105,029 84,023 80.0%

Total 4Q13 - 11 Developments 2,798 1,952 1,028,170 804,084 78.2%

Total 2013 - 23 Developments 4,599 3,599 1,971,632 1,504,190 76.3%

1 - Including units under swap agreements

2 - Net of swap agreements

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PRE-SALES

Total Pre-Sales reached R$537.6 million in 4Q13, an increase of 1.2% year-over-year. Helbor´s interest amounted to R$403.7 million (75.1% of total pre-sales), 2.2% higher than 4Q12. In 2013, pre-sales totaled R$1.4 billion in total PSV and R$1.1 billion in Helbor's interest, 7.3% and 5.0% lower, respectively, compared to 2012.

Sales over Supply (SoS) reached 17.0% in the quarter and 39.8% in the year.

From the quarter sales (Helbor's interest), 64.9% refers to launches and 35.1% from inventory, according to the following chart.

395,012

Quartely Helbor's Pre-Sales Breakdown

(R$ 000)

403,693

23.2%

236,064 254,862

212,628

35.1%

76.8%

64.3% 79.8%

81.2%

64.9%

35.7% 20.2% 18.8%

4Q12 1Q13 2Q13 3Q13 4Q13

Launches Inventory

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The following tables detail Pre Sales, by city and income segment, in 4Q13 and 2013:

4Q13 Region Total Pre-Sales Helbor´s Pre-Sales # of Units Part. over Total Sales R$ (000) R$ (000) (Helbor's Interest)

São Paulo 147,426 131,009 269 32.5%

Rio de Janeiro 86,605 60,641 169 15.0%

São Bernardo 57,449 39,116 161 9.7%

Mogi das Cruzes 45,058 37,355 111 9.3%

São José dos Campos 24,181 20,235 68 5.0%

Santos 21,973 14,856 61 3.7%

Belo Horizonte 19,622 15,698 58 3.9%

Campinas 18,643 13,050 13 3.2%

Guarulhos 16,434 13,428 30 3.3%

Taubaté 1,714 1,604 4 0.4%

Diadema 1,226 613 3 0.2%

São Vicente 588 529 2 0.1%

São Gonçalo 229 161 2 0.0%

Southeast - Total 441,148 348,295 951 86.3%

Campo Grande 42,791 17,116 58 4.2%

Brasília 16,134 7,135 22 1.8%

Cuiabá 4,988 4,489 6 1.1%

Goiânia 1,370 959 6 0.2%

Mid West - Total 65,283 29,699 92 7.4%

Joinville 9,379 9,518 21 2.4%

Curitiba 3,820 3,056 5 0.8%

South - Total 13,199 12,573 26 3.1%

Salvador 16,217 11,352 82 2.8%

Fortaleza 1,774 1,774 4 0.4%

Northeast - Total 17,991 13,126 86 3.3%

Total 537,621 403,693 1,155 100.0%

4Q13 Income Segment Pre-Sales (000) Helbor's Pre-Sales # of Units Part. over Total Sales (000) (Helbor's Interest)

Commercial 232,473 173,177 539 42.9%

Middle 173,787 150,332 417 37.2%

Upper Middle 66,982 37,300 94 9.2%

High 41,743 27,815 32 6.9%

Hotel 14,947 7,474 41 1.9%

Lower Middle 7,688 7,597 32 1.9%

Total 537,621 403,693 1,155 100.0%

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2013 Region Total Pre-Sales Helbor´s Pre-Sales # of Units Part. over Total Sales R$ (000) R$ (000) (Helbor's Interest)

Guarulhos 234,058 205,195 486 18.5%

Mogi das Cruzes 226,992 189,251 563 17.1%

São Paulo 216,761 184,799 353 16.7%

São Bernardo 113,521 72,759 269 6.6%

Rio de Janeiro 100,200 70,518 190 6.4%

Santos 64,099 44,398 151 4.0%

São José dos Campos 60,373 54,939 112 5.0%

Campinas 20,003 14,410 17 1.3%

Belo Horizonte 19,622 15,698 58 1.4%

Taubaté 17,402 16,116 35 1.5%

São Vicente 15,691 14,122 57 1.3%

Barueri 4,465 1,786 12 0.2%

Diadema 3,553 1,777 9 0.2%

São Gonçalo 3,405 2,383 32 0.2%

Jundiaí 902 487 3 0.0%

Nova Lima 518 466 1 0.0%

Southeast - Total 1,101,562 889,102 2,348 80.3%

Campo Grande 103,823 41,529 143 3.8%

Brasília 34,925 15,237 46 1.4%

Cuiabá 14,054 12,459 23 1.1%

Goiânia 12,675 8,873 26 0.8%

Mid West - Total 165,477 78,098 238 7.1%

Joinville 66,626 63,249 204 5.7%

Curitiba 16,642 13,314 23 1.2%

South - Total 83,268 76,562 227 6.9%

Fortaleza 42,390 42,386 93 3.8%

Salvador 31,642 21,099 135 1.9%

Northeast - Total 74,033 63,485 228 5.7%

Total 1,424,340 1,107,248 3,041 100.0%

2013 Income Segment Pre-Sales (000) Helbor's Pre-Sales # of Part. over Total Sales (000) Units (Helbor's Interest)

Middle 541,600 461,458 1,258 41.7%

Commercial 366,653 281,572 1,019 25.4%

Upper Middle 274,742 189,684 370 17.1%

High 158,475 117,798 120 10.6%

Hotel 50,900 25,822 143 2.3%

Lower Middle 31,244 30,787 128 2.8%

Land Division 725 128 3 0.0%

Total 1,424,340 1,107,248 3,041 100.0%

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DELIVERIES

The company delivered 7 developments in 4Q13, a total of 2,259 units and a Helbor´s interest, at the launching date, of R$435.8 million PSV. Thus, throughout the year, Helbor has delivered 23 developments, totaling 4,922 units and a PSV of R$1.079 billion.

Delivered Developments Delivery

Date

Location Segment Units Net

Units*

Total PSV* (R$ 000)

Helbor´s PSV* (R$ 000)

Helbor's

Interest

Helbor Offices São Caetano Jan-13 São Caetano do

Sul

Commercial 280 280 47,916 47,916 100.0%

Helbor Prime Haus Jan-13 Joinville Upper Middle 68 68 36,704 33,034 90.0% Helbor Trend Santos Dumont Jan-13 Fortaleza Middle 88 88 22,254 20,029 90.0% Helbor Giardino Bella Vita Feb-13 São Paulo Middle 216 176 48,940 48,940 100.0% Helbor Park Elegance Mar-13 Cuiabá Upper Middle 68 65 46,789 42,110 90.0% Helbor Espaço & Vida Ipoema Mar-13 Mogi das Cruzes Lower Middle 240 218 39,860 39,860 100.0% Total1Q13960895242,463231,88995.6%Jazz Life Style Apr-13 Joinville Upper Middle 68 68 36,704 33,034 90.0%

Helbor Offices Jd. das Colinas Apr-13 São José dos

Campos

Commercial 368 296 52,008 52,008 100.0%

Helbor Sunshine Gonzaga Apr-13 Santos Middle 82 82 43,536 39,182 90.0% Helbor Offices São Paulo Jun-13 São Paulo Commercial 140 140 32,388 32,388 100.0% Helbor Espaço e Vida Ipoema 2 Jun-13 Mogi das Cruzes Lower Middle 240 218 42,205 42,205 100.0% Comfort Stay Verano Jun-13 Rio de Janeiro Middle 338 338 106,953 74,867 70.0% Total2Q1312361,142313,794273,68487.2%Helbor True Perdizes Jul-13 São Paulo Upper Middle 30 21 13,961 13,961 100.0% Helbor Ampliato Ipiranga Sep-13 São Paulo Middle 138 136 45,123 45,123 100.0% Helbor Home Flex Pacaembu Sep-13 São Paulo Middle 192 152 39,348 39,348 100.0% Double Life Ecoville Sep-13 Curitiba High 10787 49,328 39,462 80.0% Total3Q13467396147,760137,89493.3%Rio Business Center Oct-13 Rio de Janeiro Commercial 178 178 41,268 41,268 100.0% Isla Life Style Oct-13 Brasília Middle 586 586 202,534 101,267 50.0% Helbor Trend Vila da Serra Oct-13 Nova Lima Middle 96 76 28,401 28,401 100.0% Comercial Casa das Caldeiras Nov-13 São Paulo Commercial 535 535 225,437 112,719 50.0% Helbor Offices Champagnat Nov-13 Curitiba Commercial 292 246 54,276 43,421 80.0% Helbor Offices São Paulo II Nov-13 São Paulo Commercial 230 230 71,153 49,807 70.0% Vitta Parque Dec-13 Diadema Middle 342 336 117,834 58,917 50.0% Total4Q132,2592,187740,903435,80058.8%

Total 2013 4,922 4,620 1,444,920 1,079,267 74.7%

(*) PSV at the launching date, net of swap agreements

For further information, please contact our IR team:

Roberval Lanera Toffoli - CFO and IR Officer

Ricardo Rosanova Garcia - IR Manager

Naira Oey - IR Senior Analyst

E-mail: [e-mail]

Phone: [phone] or [phone]

http://ir.helbor.com.br/

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