Quarterly Financial Report 3Q21

Quarterly Information - ITR

Multiplan Empreendimentos Imobiliários S.A.

September 30, 2021

with Independent Auditor's Review Report on Quarterly Information (ITR)

Multiplan Empreendimentos Imobiliários S.A.
Quarterly Information - ITR
September 30, 2021
Contents
Independent Auditor's Review Report on quarterly information (ITR)	...................................................1
Quarterly Information - ITR
Balance sheet ......................................................................................................................................	3
Statements of income ..........................................................................................................................	5
Statements of comprehensive income .................................................................................................	7
Statements of changes in equity - Individual ........................................................................................	8
Statements of changes in equity - Consolidated...................................................................................	9
Statements of cash flows ...................................................................................................................	10
Statements of value added ................................................................................................................	11
Notes to quarterly information ............................................................................................................	12

Centro Empresarial PB 370

Praia de Botafogo, 370

6º ao 10º andar - Botafogo

22250-040 - Rio de Janeiro - RJ - Brasil

Tel: [phone] ey.com.br

A free translation from Portuguese into English of Independent Auditor's Review Report on individual and Consolidated interim financial information prepared in Brazilian currency in accordance with CPC 21 (R1) and

IAS 34 - Interim Financial Reporting and with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Independent auditor's review report quarterly information (ITR)

The

Shareholders, Board of Directors and Officers

Multiplan Empreendimentos Imobiliários S.A.

Rio de Janeiro - RJ

Introduction

We have reviewed the individual and consolidated interim financial information of Multiplan Empreendimentos Imobiliários S.A. ("Company"), contained in the Quarterly Information Form (ITR) for the quarter ended September 30, 2021, which comprises the balance sheet as at September 30, 2021 and the statements of income and comprehensive income for the three and nine-month periods then ended, and the statements of changes in equity and cash flows for the nine-month period then ended, and notes to the quarterly information.

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with NBC TG 21 - Interim Financial Reporting and international standard and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), applicable to real estate development entities in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), as well as for the presentation of this information consistently with the standards issued by the CVM, relating to the preparation of Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review engagements (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

1

Uma empresa-membro da Ernst & Young Global Limited

Conclusion on the individual and consolidated interim information

Based on our review, nothing has come to our attention that causes us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with NBC TG 21 and IAS 34, applicable to real estate development entities in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), presented in conformity with the rules issued by CVM, applicable to the preparation of Quarterly Information - ITR.

Emphasis of matter

As described in Note 2, the individual and consolidated interim financial information contained in the Quarterly Information Form (ITR) was prepared in accordance with NBC TG 21 and IAS 34 applicable to real estate development entities in Brazil registered with CVM. Accordingly, the determination of the accounting policy adopted by the entity for the recognition of revenue in contracts for the involving purchase and sale of unfinished real estate units on, as regards the aspects related to the transfer of control, follows the understanding of the Company's management as to the application of NBC TG 47, in line with that expressed by CVM in its Circular Letter CVM/SNC/SEP No. 02/2018. Our conclusion is not qualified in respect of this matter.

Other matters

Statements of value added

The quarterly information referred to above includes the individual and consolidated statements of value added (SVA) for the nine-month period ended September 30, 2021, prepared under the responsibility of the Company's management and presented as supplementary information under IAS 34, applicable to real estate development entities in Brazil, registered with the Brazilian Securities and Exchange Commission ("CVM"). These statements have been subject to review procedures performed in conjunction with the review of the quarterly information, in order to determine whether they are reconciled with the interim financial information and accounting records, as applicable, and whether their form and content are in accordance with the criteria defined in NBC TG 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that these statements of value added were not prepared, in all material respects, in accordance with the criteria set forth in this standard and consistently with the individual and consolidated interim financial information as a whole.

Rio de Janeiro, October 26, 2021.

ERNST & YOUNG

Auditores Independentes S.S.

CRC-2SP015199/O-6

Roberto Martorelli

Accountant CRC-1RJ106103/O-0

2

A free translation from Portuguese into English of quarterly information prepared in Brazilian currency in accordance with CPC 21 (R1) and IAS 34 - Interim Financial Reporting and with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Multiplan Empreendimentos Imobiliários S.A.

Balance sheet

September 30, 2021 and December 31, 2020 (In thousands of reais - R$)

	Individual	Consolidated
Assets	09/30/2021	12/31/2020	09/30/2021	12/31/2020
Current assets	994,754		1,177,614
Cash and cash equivalents (Note 3)	644,875	1,223,414
Accounts receivable (Note 4)	340,876	363,625	495,288	501,716
Land and properties for sale (Note 6)	4,433	5,094	55,707	16,332
Accounts receivable from related parties (Note 5)	15,294	14,508	23,915	19,684
Taxes and social contributions to be offset (Note 16)	28,340	4,822	36,549	13,578
Deferred costs (Note 18)	28,163	26,056	44,390	41,921
Other	17,928	14,438	27,824	21,463
Total current assets	1,429,788	1,073,418	1,861,287	1,838,108
Noncurrent assets	13,631		40,908
Accounts receivable (Note 4)	15,476	42,434
Land and properties for sale (Note 6)	19,796	19,681	471,038	431,127
Accounts receivable from related parties (Note 5)	36,656	30,650	50,704	38,068
Judicial deposits (Note 17.2)	190,614	37,157	195,176	39,750
Deferred income and social contribution taxes (Note 7)	-	-	21,068	18,417
Deferred costs (Note 18)	61,089	60,462	91,508	87,987
Other	2,854	2,709	5,975	5,521
Investments (Note 8)	4,366,652	4,172,022	137,047	150,123
Investment properties (Note 9)	3,886,030	4,241,212	7,567,951	7,439,580
Property and equipment (Note 10)	88,365	89,374	106,080	107,483
Intangible assets (Note 11)	364,883	363,114	368,232	365,686
Total noncurrent assets	9,030,570	9,031,857	9,055,687	8,726,176

Total assets

10,460,358

10,105,275

10,916,974

10,564,284

3