MRV

Belo Horizonte, July 10, 2024.
MRV Engenharia e Participações S.A. (B3: MRVE3), the largest

homebuilder in Latin America, informs its preliminary and non-audited
operational results of Land Bank, Lauches, Pre-Sales, Transfers,
Production, and Cash Generation for the second quarter of 2024.
MRV&CO � OPERATIONAL PREVIEW � 2Q24 3
THE HIGHEST
Highlights VOLUME OF
NET PRE-SALES
IN HISTORY
Launches Net Pre-Sales Built Units
MRV Real Estate Development MRV Real Estate Development MRV Real Estate Development
[R$ million] %MRV [R$ million] %MRV %MRV
BUILDING THE BEST

MRV IN HISTORY:
Highlights OPERATIONAL PERFORMANCE
REINFORCES CONFIDENCE IN
THE GUIDANCE.
2.5 billion
Net Pre-Sales
• Over R$ 1 billion sold only in June
•
R$
Sales over Supply (SOS) of 33.8% in 2Q24
• The average ticket continues to rise above inflation, ensuring another
expansion of the gross margin of new sales.
• Reduction of Pro-Soluto granted:
the highest pre-sales volume
in MRV’s history
34%
Gross Margin of New Sales
a milestone reached in 2Q24

MRV&CO • OPERATIONAL PREVIEW • 2Q24 5
Highlights
17 thousand
Average additional subsidy: Casa Paulista [SP]
Entrada Moradia [CE]
R$
per customer (active programs)
Programa Nossa Casa [ES]
Bônus Moradia [MS]
Casa Fácil [PR]
Morar Bem Pernambuco [PE]
Ser Família Habitação [MT]
Amazonas Meu Lar [AM]
55% of our operation occurs in areas where Habita + [RJ]

Programa Morar Bem [PI]
programs with additional subsidies to Minha
Porta de Entrada [RS]
Casa Minha Vida are implemented.
Casa da Gente [Goiânia]
Pra Ter Onde Morar [GO]
Additionally, we operate in locations where Morar DF [DF] Implemented
programs are in the process of implementation, Nova Casa [SC] In the process of
accounting for 25% of our operation. Paraíba CEHAP [PB] implementation
Direct Financing:
Highlights A NEW SOURCE OF FUNDING FOR THE CLIENT.
In the second quarter of 2024, the first credit assignment of Direct

Financing receivables with a premium was completed. Of the total
assigned in the quarter, 58% refers to the direct financing portfolio,
which has been gaining increasing relevance in the mix of operations.
Direct Financing is an option for MRV clients, which opens a new

funding source for purchases that do not fit into the Minha Casa
Minha Vida program:
Direct assignment Flex V • 2Q24

• Available to clients with a minimum income of R$ 8,000, above the
program limit;
• Valid for Sensia units and units directed to MCMV;
• Low risk financing: the sale includes Fiduciary Alienation;
• Assignment of the Direct Financing portfolio distributed in retail,
with high demand from investors.
Sales with direct financing and subsequent

assignment of receivables have higher
IRR and NPV compared to the traditional
model of development with Bank Financing.
Operational
Data
MRV Real Estate Development
[MRV + Sensia]
MRV&CO � OPERATIONAL PREVIEW � 2Q24
8
MRV Real Estate Development
*Cash generation adjustment excludes R$68.5 million related to the accounting effects of swaps on the Company’s debts to CDI.
[MRV + Sensia]
Operational Cash Generation The net contribution from receivables assignment to cash generation in
2Q24 was R$ 108 million lower than in the previous quarter.
improved by R$ 160 milion
when compared to 1Q24 In the first quarter of 2024, there was a negative impact of R$ 36 million
in cash generation related to the payment of profit-sharing (PLR).
However, the amount transferred due to the change in payment terms

for Associativo increased by R$ 30 million compared to the previous
quarter, negatively impacting cash generation in 2Q24.
[US Operation]
Resia
Resia continues to show good leasing velocity.

With planned sales for the second semester of
2024, cash generation is assured.
Units rented
[Accumulated - June 2024]
[US Operation]
Resia
In 2Q24, three Luggo In 2Q24, a pilot project of Luggo was initiated where two of the sold
developments were sold, with developments, totaling PSV of R$ 238 million, were transferred to a
one of them launched during financial institution. As a result, revenue recognition and cash generation
the quarter itself. will occur in accordance with the progress of the construction.
[Multi Family Brazil Operation]
Luggo
[Land Development]
Urba
Investor Relations
About
Ricardo Paixão Pinto Rodrigues
Chief Financial and Investor Relations Officer
Augusto Pinto de Moura Andrade

Investor Relations Director MRV&CO
Phone: +55 (31) 3615-8153 MRV Engenharia e Participações S.A. is the largest Brazilian
E-mail: ri@mrv.com.br real estate developer and homebuilder in the lower-income
Website: ri.mrv.com.br segment, with more than 44 years of experience, active in
22 Brazilian states including the Federal District. Since the
beginning of 2020, the company also operates in the United
States through Resia, with presence in 06 macro-regions. MRV
is listed on the Novo Mercado - B3 under the ticker MRVE3 and
is included, among others, in the theoretical portfolio IBOV.

MRV

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Belo Horizonte, July 10, 2024.

MRV Engenharia e Participações S.A. (B3: MRVE3), the largest

BUILDING THE BEST

a milestone reached in 2Q24

55% of our operation occurs in areas where Habita + [RJ]

In the second quarter of 2024, the first credit assignment of Direct

Direct Financing is an option for MRV clients, which opens a new

Direct assignment Flex V • 2Q24

Sales with direct financing and subsequent

MRV Real Estate Development

However, the amount transferred due to the change in payment terms

Resia continues to show good leasing velocity.

Augusto Pinto de Moura Andrade

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