Operating Results Preview - 4Q12 and 2012

Cyrela's sales reach R$ 6,0 bi in 2012 São Paulo, January 21, 2013 - Cyrela Brazil Realty S.A. Empreendimentos e Participações (BM&FBOVESPA: CYRE3) informs the operating results for the fourth quarter (4Q12) and twelve months of 2012 (2012) versus the third quarter (3Q12) and twelve months of 2011 (2011), which are subject to review by the auditors.

CYRELA

Pre-sales amounted to R$ 1,716.4 million in 4Q12, similar to R$ 1,755.5 million in 3Q12. In the 2012, pre-sales totaled R$ 6,006.2 million which represents 7.6% reduction when compared to 2011. This volume attained the low point of the sales guidance for the year. Sales speed was 50% for the last 12 months and 21% for the quarter.
Living's sales in 4Q12 totaled R$ 948.5 million representing an increase of 55.6% when compared to 3Q12 and equivalent to 55.3% of Cyrela's total sales in the period. In the 2012, Living's pre-sales volume reached R$
2,431.5 million, an increase of 24.7% over 2011 and equivalent to 40.5% of total sales in the period.
Cyrela's share in pre-sales PSV was 63.0%, totaling R$ 1,080.7 million in 4Q12, and 73.0% in 2012, amounting to
R$ 4,383.8 million.
Launches totaled R$ 2,100.2 million in 4Q12, 38.4% higher when compared to the R$ 1,517.7 million in the third quarter. In 2012, launches totaled R$ 5,597.2 million, down 29.2% in comparison to R$ 7,905.4.
Cyrela's share in launches amounted to R$ 1,374.2 million in the quarter and R$ 3,882.8 million in 2012, representing 65.4% in 4Q12 and 69.4% in 2012 of total launches. When compared to the R$ 913.5 million launched in 3Q12, the volume increased by 50.4%.
Living's launches in 4Q12 totaled R$ 1,333.6 million, equivalent to 63.5% of Cyrela's total launches in 4Q12. In
2012, Living launched R$ 2,659.4 million which is equivalent to 47.5% of Cyrela's total launches in the period.

Pre-Sales

(R$ million)

Launches

(R$ million)

6,497.1

1,230.2

-7.6% 6,006.2

1,622.4

7,905.4

1,624.2

-29.2% 5,597.2 1,755.5

472.2

1,283.3

-2.2% 1,716.4

635.8

1,080.7

5,266.9

4,383.8

1,517.7

604.2

913.5

+38.4% 2,100.2

725.9

1,374.2

6,281.2

1,714.4

3,882.8

3Q12 4Q12 2011 2012 3Q12 4Q12 2011 2012

Living

34.7% 55.3% 30.0% 40.5%

Living

40.5% 63.5% 34.0% 47.5%

Partners

Cyrela

Partners

Cyrela

For further information, please contact:

Investor Relations

Phone: (55) (11) 4502-3153 e-mail: ri@cyrela.com.br www.cyrela.com.br/ir

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