Investor Relations

Operational preview 3Q21

TEGRA DISCLOSURE OF OPERATIONAL PREVIEW FOR THE 3Q21

São Paulo October 15, 2021 - Tegra Incorporadora S.A. ("Tegra"), a leading company in the residential real estate development market and present in the middle and high-income segments in the metropolitan areas of São Paulo, Rio de Janeiro and Campinas and in the urban development segment with the Tamboré brand, reports its unaudited operational preview for the third quarter of 2021 (3Q21).

HIGHLIGHTS OF 3Q21

Operational

• Launches of R$119 mi

performance

•

Gross sales of R$275 mi, quarterly SoS of 12.6% and LTM SoS of 50.0%

(% Tegra)

•

Sales of delivered inventory of R$107 mi

Indicators

2Q21

3Q21

Var (%)

9M21

Launches

Projects launched

4

1

-75%

6

Launched PSV (100%)

685,949

119,262

-83%

897,857

Launched PSV (% Tegra)

564,911

119,262

-79%

776,818

Tegra's share

82%

100%

n.a.

87%

Number of units launched

720

60

-92%

965

Usable area of launched units (sqm)

58,933

9,932

-83%

80,963

Sales

Gross sales (100%)

398,084

316,839

-20%

1,027,848

Gross sales (% Tegra)

345,370

274,892

-20%

893,876

Tegra's share

87%

87%

n.a.

87%

Quarterly SoS (% Tegra)

14.6%

12.6%

-0.1 p.p.

0.0%

LTM SoS (% Tegra)

49.8%

50.0%

0.0 p.p.

50.0%

Terminations PSV (100%)

43,635

48,752

+12%

138,206

Terminations PSV (% Tegra)

40,148

40,470

+1%

119,736

Deliveries

Number of delivered projects

4

-

n.a.

6

Delivered PSV (100%) (launch PSV)

462,386

-

n.a.

718,726

Delivered PSV (% Tegra) (launch PSV)

382,737

-

n.a.

639,077

Number of delivered units

576

-

n.a.

897

Usable area delivered (sqm)

55,969

-

n.a.

93,146

LAUNCHES

1

Investor Relations

Operational preview 3Q21

In 3Q21, Tegra launched 1 project with R$119 million PSV (%Tegra), a decrease of 79% in comparison to 2Q21. In July 2021, Tegra launched in São Paulo one project: Alenza Cambuí with R$119 million PSV and 60 units. The table below shows information about the launch performed in the quarter:

Project

Region

Business

Segment

PSV 100%

PSV Tegra Usable area

Units

unit

(R$ '000)

(R$ '000)

(sqm)

(#)

Alenza Cambuí

Campinas

Tegra

High

119,262

119,262

9,932

60

Total Tegra

119,262

119,262

9,932

60

Total Tamboré

-

-

-

-

Total

119,262

119,262

9,932

60

2

Investor Relations

Operational preview 3Q21

GROSS SALES

Gross sales totaled R$275 million (%Tegra) in 3Q21, representing a decrease of 20% compared to 2Q21.

In 3Q21, sales volumes from delivered inventory was R$107 million (% Tegra) and represented 39% of total sales volumes in the quarter. On the other hand, sales volumes from under construction inventory was R$ 76 million and of launched inventory was R$91 million.

1

The table below shows information of gross sales in the quarter by product segment:

Segment

Total sales

Tegra sales

Usable area

Units

(R$ '000)

(R$ '000)

(sqm)

(#)

High

117,139

87,933

9,165

79

Middle-high

73,950

70,897

7,982

85

Middle

125,750

116,062

28,402

315

Total

316,839

274,892

45,549

479

1 Delivered = projects with occupancy permission (Habite-se); Under construction = Projects with active construction sites and; Launched = projects in selling stage and without active construction sites.

3

Investor Relations

Operational preview 3Q21

SALES SPEED (SoS)

The quarterly sales speed or sales over supply rate (SoS) of the company reached 12.6% in 3Q21 and 50.0% in the last 12 months (LTM) in 3Q21 base.

TERMINATIONS

In 3Q21, the value of terminations reached R$40 million and remained virtually unchanged when compared to that recorded in 2Q21, in nominal terms.

From the total amount in 3Q21, R$34 million refers to pure terminations, where customers terminated their contracts in order to receive back the amounts paid according to the applicable law and R$7 million refers to customers who terminated their original contracts to migrate to other units of the company, either as an upgrade or downgrade of the original purchase. From the amount terminated for migration purposes, the company generated R$3 million in new sales.

DELIVERIES

In 3Q21, Tegra did not deliver any project.

4

Investor Relations

Operational preview 3Q21

INVESTOR RELATIONS CONTACT

For further inquiries and information, please contact:

CARLOS EDUARDO MORAES CALHEIROS

RI CONTACT DETAILS

CFO / INVESTOR RELATIONS

ANDRE GUSTAVO REZENDE

+55 (11) 3127.9200

FINANCE DIRECTOR

RI@TEGRAINCORPORADORA.COM.BR

HTTP://RI.TEGRAINCORPORADORA.COM.BR

MARIANA PIMENTEL

INVESTOR RELATIONS MANAGER

5

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Tegra Incorporadora SA published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 21:21:03 UTC.