Cury Construtora e Incorporadora (CURY3) Institutional presentation summary

Strategic positioning and market presence

• Over 60 years of experience, operating exclusively in São Paulo and Rio de Janeiro, with a comprehensive product portfolio focused on social housing and low-cost construction.

• Maintains a unique financial profile combining growth, strong margins, and high returns, with a track record of high ROE and consistent dividend payouts.

• Landbank of approximately 84,000 units and R$26.1 billion in PSV, with a disciplined acquisition process and geographic diversification within core markets.

• Focuses on strategic land acquisition, efficient engineering, and a sales strategy targeting 70% of transfers within six months of launch.

• Recognized for leadership in the homebuilder segment, with multiple industry awards and certifications for profitability, governance, and people management.

Financial and operational performance

• Net revenue and gross profit have shown strong growth, with a CAGR of 34% in net PSV sold from 2019 to 2026.

• Maintains high gross margins (35-40%) and net margins (16-18%), with ROE consistently above 40% in recent years.

• Strong cash generation supported by the MCMV program's associative credit model, enabling rapid construction cycles and efficient receivables transfer.

• Net debt remains negative, reflecting a robust balance sheet and prudent financial management.

• High payout ratios, with dividends distributed representing a significant portion of net income.

Product portfolio and customer profile

• Develops large-scale residential projects, such as Cidade Mooca and Chácara Santo Antônio, with thousands of units and high PSV.

• Customer base is primarily first-time buyers, aged 20-40, with average incomes between R$4,000 and R$13,000.

• Sales strategy leverages a best-in-class sales team, digital tools, and showroom experiences to drive high sales velocity.

• Customer journey is supported by structured communication tracks, including onboarding, construction updates, and post-delivery support.

• Focus on sustainability and customer satisfaction, with high approval rates at initial inspections and guidance on responsible resource use.