Cury Construtora e Incorporadora (CURY3) Institutional presentation summary

Operating footprint and landbank

• Operations are concentrated in the São Paulo and Rio de Janeiro metropolitan areas, with LTM launches totaling R$8.3bn PSV: 73% in São Paulo and 27% in Rio.

• Landbank totals ~R$26.1bn PSV and ~83,000 units, including ~R$20.2bn and 64,900 units in São Paulo and ~R$5.9bn and 18,100 units in Rio.

• Porto Maravilha projects represent 16,198 launched units and R$6.1bn PSV; 14,536 units and R$5.4bn PSV sold as of October 8, 2026.

• Porto Maravilha’s urban operation expanded to 8.7 km²; the Port Zone is expected to add over 27,000 residents, a 90% increase in the region’s population.

Financial profile and cash generation

• Dividends distributed totaled R$3.3bn over 2019–2026; the presentation highlights a high-payout approach as part of the strategy to sustain above-average ROE.

• Cash generation totaled R$2.9bn over 2019–2026.

• LTM units transferred plus direct-table sales reached 23,634, supported by fast financing transfer to financial institutions.

• Adjusted EBITDA margin, ROIC, net income, and revenue are tracked as core performance measures in the operating and financial history.

Market model and funding

• Associative credit tied to Minha Casa Minha Vida enables receivables transfer to banks after sale; projects launch with funding approved and land is acquired through swaps or long-term installments.

• In the customer payment flow, 80% of the property is financed by Caixa and 20% paid to the developer, including 5% upfront and 15% in installments through key handover.

• Minha Casa Minha Vida and its predecessor have contracted over 6 million homes; 2026 FGTS funding is R$160bn, with potential R$50bn additions and R$12.5bn in subsidy funding.

• Program changes raise the approved property ceiling to R$600,000 and financing terms to 30–35 years; a new income bracket covers R$9,600–R$13,000.