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Earnings Release 3Q13 November 12, 2013
Rubens Menin
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Opening comments
Earnings Release 3Q13
Agenda
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Operational Stability;
Cash Generation;
Indebtedness;
LOG and Urbamais – Value Generation.
Earnings Release 3Q13
Operational Stability as of 2012 Focus on margins and cash flow generation
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Earnings Release 3Q13
Operational Stability Maturity Productivity Gains
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% Selling Expenses/ Pre-Sales (%MRV) and % Selling Expenses / Net Operating Revenue
% G&A Expenses / Pre-Sales (%MRV) and % G&A Expenses / Net Operating Revenue
Earnings Release 3Q13
Selling Expenses (R$ million) General and Administrative Expenses (G&A)(R$ million)
Consistent and healthy Cash Generation
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Earnings Release 3Q13
Cash Generation – Cash Burn CPC 19 IFRS 11
(R$ million)
Built units and Client Financing (units)
A mature, stable and consistent operation results in stable and consistent cash generation
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Earnings Release 3Q13
One of the lowest Net Debt / Equity ratios in the sector
Net Debt / Equity
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LOG Campos, em
Campos dos Goytacazes-RJ LOG Guarulhos Papa, in Guarulhos/SP (Jan/13)
Earnings Release 3Q13
Continuous value generation;
Registration request of public company, in
the “B” category;
Independence and autonomy;
13 projetcs in the portfolio;
3 projects in advanced approval process
Land Bank - Urbamais October 31, 2013
Potential PSV R$ 1,480 million
Usable Area 4.8 million sq.m.
Disclaimer
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This presentation may contain certain forward-looking statements and information relating to MRV that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Company nor any of its affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. This presentation does not constitute an offer, or invitation, or solicitation of an offer to purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. The market and competitive position data, including market forecasts, used throughout this presentation was obtained from internal surveys, market research, publicly available information and industry publications. Although we have no reason to believe that any of this information or these reports are inaccurate in any material respect, we have not independently verified the competitive position, market share, market size, market growth or other data provided by third parties or by industry or other publications. MRV does not make any representation as to the accuracy of such information. EBITDA is not a Brazilian GAAP and IFRS measure and should not be considered in isolation and should not be considered an alternative to net income, as an indicator of our operating performance or cash flows or as a measure of our liquidity. EBITDA does not have a standard definition and other companies may measure their EBITDA in a different way.
Earnings Release 3Q13
Leonardo Corrêa Chief Financial Officer
Mônica Simão Chief Investor Relations Officer Gerson Mazer Investor Relations Manager
Ph.: +55 (31) 3348-7150
E-mail: ri@mrv.com.br
www.mrv.com.br/ri
Contacts
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Earnings Release 3Q13
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