Cury Construtora e Incorporadora (CURY3) investor relations material

Market position and operational focus

• Operates exclusively in São Paulo and Rio de Janeiro metropolitan areas, focusing on profitable markets and social housing segments.

• Over 60 years of experience with a comprehensive product portfolio and strong engineering expertise.

• Maintains a geographically diversified landbank with ~82,100 units and PSV of ~R$24.9 billion.

• Launches and sales are concentrated in São Paulo (72% of units) and Rio de Janeiro (28%).

• Strategic land acquisition through swaps or long-term installments, with projects launched after financing approval.

Financial performance and growth

• Net revenue CAGR of 29% (2018–2025), gross profit CAGR of 32%, and net income CAGR of 33%.

• Maintains high ROE, averaging 108% payout ratio and strong cash generation.

• Adjusted EBITDA and ROIC have shown consistent growth, with ROIC reaching 25% in 2025.

• Net debt remains negative, indicating a robust cash position.

• Advanced dividend distributions in 2025 to avoid future taxation, with R$573 million in follow-on and additional dividends.

Product portfolio and sales strategy

• Offers a wide range of products targeting various income levels, operating in multiple MCMV brackets and SBPE.

• Best-in-class sales team achieves high sales over supply rates, with most units sold during construction.

• Utilizes digital tools, AI, and incentive programs to enhance sales force efficiency and customer experience.

• Showroom redesigns and model units support strong sales performance.

• Average customer income ranges from R$4,000 to R$13,000, with a focus on first-time buyers.