Melnick Even Desenvolvimento Imobiliário S A : Earnings Document

Operating Preview

3Q22

IR Contacts

Carlos Wollenweber - CFO and DRI

Anderson Stefani - IR Especialist

(51) 3016-9083

[e-mail]

3Q22 OPERATING PREVIEW

Porto Alegre, October 13th, 2022 - Melnick Desenvolvimento Imobiliário S.A. (B3: MELK3), a construction and real estate development company strategically focused in the south region with operations in real estate projects and lot development, announces its preliminary and unaudited data for launches, net sales and deliveries in the third quarter of 2022.

Net sales (% Melnick) of R$524 in the year and R$151 million in the quarter,

an increase of 72% and 87% YoY.

Launches

In the third quarter of 2022, two projects were launched with gross PSV of R$ 283,2 million (R$ 155,4 million % Melnick); representing a growth of 15% in the quarter and 26% in the year.

	Projects		Business		Gross PSV¹		Melnick's PSV²		Usable Area3		Untd.3		Average Unit Value		Segment
			(R$ '000)		(R$ '000)		(m2)			(R$ '000)
	1Q22				578,450		267,335		117,517		579		854
	Nilo Square - Residencial		R.E.	426,266	201,411	23,864	120	3,357		Residencial
	Zen Concept Resort		LOT	109,783	25,644	86,370	299	172	Lot development
Open Protásio		R.E.	42,400	40,280	7,283	160	252		Residencial
	2Q22				213,096		112,340		16,193		435		467
	Nilo Square - Mix		R.E	185,144	85,786	9,139	275	641		Mixed use
	Open Canoas - F3		R.E.	27,952	26,554	7,054	160	166		Residencial
	3Q22				283,225		155,357		67,380		200		1,117
	Seen Menino Deus		R.E	196,464	136,703	11,200	73	1,873		Residencial
	The Garden - Fase 1		R.E.	86,761	18,654	56,180	127	683	Lot development
	Total			1074,771	535,032	201,090	1214	755

• PSV gross of swaps and commission. ² PSV net of swaps and commission.
  ³ Net of swaps.

+15%

578

				311
247	257
	44
85	267
213
163
3Q21		4Q21		1Q22

* Unaudited management figures, subject to alteration.

Gross PSV¹ Net PSV²

+26%

1.074

851

537

256

	283	595	537
213
	128
98
155
115
2Q22		3Q22	9M21	9M22

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Launches

R$ 196 mm PSV

73 Units

R$ 87 mm PSV

127 Units

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* Unaudited management figures, subject to alteration.

Gross and Net Sales

In the third quarter of 2022, gross and net sales totaled respectively R$ 184 million (%Melnick) and R$ 151 million (%Melnick), an increase of 87% in the quarter and 72% in the year, as shown below:

Sales breakdown	3Q21	4Q21	1Q22	2Q22	3Q22
(BRL million, % Melnick)
Gross Sales	108	217	120	325	184
Inventory	74	152	48	279	130
Launches	34	65	72	46	54
Current cancellations	(27)	(32)	(34)	(39)	(32)
Net Sales	81	185	87	286	151

Below is the evolution of sales speed in the latest five quarters.

The launches SOS of 34% and the average SOS of 12%.

					Launch SOS	Quarterly SOS		Inventory Sales
					Inventory SOS		Launch Sales
					40%
	31%						34%
	27%						+72%
							524
21%					21%
	16%				19%	12%
9%
13%	7%						172
7%							9%
		3%
					286			305
					46
									148
	185									352
	65						151
81		87		239	54	+87%
						158
34	120
72				98
47
		15
3Q21	4Q21	1Q22	2Q22	3Q22	6M21	6M22

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* Unaudited management figures, subject to alteration.

Deliveries³

In the third quarter of 2022, one project were delivered with a gross PSV of R$ 136,6 million (129,7 million %Melnick).

	Projects		Business		Gross PSV¹		Melnick's PSV		Usable Area²		Unit.²		Average Unit Value		Segment
			(R$ '000)		(R$ '000)		(sq.m.)			Unidade (R$ '000)
	1Q22				136,472		77,174		107,975		478		206
	Vivio Lindóia	R.E.	58,320	45,541	9,257	133	342		Residencial
	Sunset	LOT	78,152	31,663	98,718	345	153	Lot development
	2Q22				81,130		44,018		110,433		483		122
	Open Canoas Centro - Fase 1	R.E.	34,940	33,193	8,817	200	166		Residencial
	Central Park Passo Fundo	LOT	46,190	10,825	101,616	283	91		Lot development
	3Q22				136,557		129,730		11,042		68		1936
	Artur Rocha	R.E.	136,557	129,730	11,042	68	1,936		Residencial
	Total			354,159	250,922	229,450	1.029	244

• PSV gross of swaps and commission. ² Net of swaps.
  ³ Considering the sales price at time of launch.

Gross PSV Net PSV Delivered Units

492		478	483
						68
193
	10		136			137
							7
183		59	81
		130
					37
			77
			44
	3Q21	4Q21	1Q22		2Q22		3Q22

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* Unaudited management figures, subject to alteration.