1Q12

Results

05/15/2012 > Investor Relations

Rossi Praças Golfe | São José do Rio Preto– SP

This material is a presentation of general background information about Rossi Residencial S.A. (“Rossi”) as of the date of this presentation. Information contained herein has been summarized and does not purport to be complete. This presentation shall not be considered an advice of investment by potential investors. This presentation is strictly confidential and may not be disclosed to any third person. There are no representations or warranties, express or implied, regarding the accuracy, fairness, or completeness of the information presented herein, which shall not support any decision of investment. This presentation contains statements and information that are forward-looking pursuant section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934. Such forward-looking statements and information are only predictions and cannot assure Rossi’s future performance. Investors have been cautioned that any such forward-looking statements and information are subject to many risks and uncertainties relating to the operations and business of Rossi and its subsidiaries. As a result of such risks and uncertainties, the actual results of Rossi and its subsidiaries may be materially different from any future result expressed or implied in the forward-looking statement or information contained herein. Although Rossi believes that the expectations and assumptions reflected in the forward-looking statements and information are reasonable and have been based on data currently available to its officers and directors, Rossi cannot guarantee future results or events. Rossi does not assume the commitment of update any of the forward-looking statement of information. Securities may not be offered or sold in the United States unlesss they are registered or exempt from registration under the Securities Act of 1933, as amended. Any offering of securities to be made in the United States will be made by means of an offering memorandum that may be obtained from the underwriters. Such offering memorandum will contain, or incorporate by reference, detailed information about Rossi and its subsidiaries, their business and financial results, as well as its financial statements. This material is for distribution only to person who (i) have professional experience in matters relating to investments falling within Article 19 (5) of the Financial Services and Markets Act of 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49 (2) (a) to (d) (“high net worth companies, unincorporated associations etc”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This material is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this material relates is available only to relevant persons and will be engaged in only with relevant persons. This presentation does not constitute an offer, invitation or solicitation of an offer to subscribe to or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever.

Disclaimer

1

Opening Remarks

Operating Performance

Cássio Audi

CFO and IRO Financial Performance

Index

2

Leonardo Diniz

CEO

Rodrigo Martins

Sales Officer

3 3

Operating

Performance

Rossi Mais Sintonia| Belo Horizonte – MG

4

R$ million

Launches

Breakdown by Segment (% Rossi) – 1Q12 Breakdown by Region (% Rossi) – 1Q12

29%

24%20%

15%

8%4%

Rio Grande do Sul

Rio de Janeiro

São Paulo (2 cities)

Ceará

Paraná

Pernambuco

Launches by State - 1Q12

68%

27%

5%

Conventional

Low Income

Commercial

Launches by Income Segment - 1T12

723

514

41

159

1Q11 1Q12

Launches 1Q12 - R$ million

Rossi Partners

764-12%

673

5

Contracted Sales

R$ million

Breakdown by Segment (% Rossi) – 1Q12 Breakdown by Region (% Rossi) – 1Q12

22%

12%

11%

9%9%

8%

6%

6%

4%

3%2%

1%

Sales by Income Segment - 1Q12

São Paulo (16 cities)São Paulo (RMSP)Rio de JaneiroParanáRio Grande do SulCearáDistrito FederalSergipeMinas GeraisAmazonasGoiásPernambucoBahiaEspírito SantoSanta CatarinaParáRio Grande do NorteMato Grosso do SulMato Grosso

50%

44%

6%

Sales by Income Segment - 1Q12

Low Income

Conventional

Commercial

768 639

256

236

1Q11 1Q12

Contracted Sales 1Q12 - R$ million

Rossi Partners

1.024

875

-15%

RMSP – São Paulo Metropolitan Region

6

Successful Launches in the quarter

Vila Flora Sumaré | Camélias Low Income Segment Sumaré - SP 200 units Jan/12

Rossi Nova Palhano Conventional Londrina - PR 244 units March/12

Rossi Praças Golfe Low Income Segment São José do Rio Preto - SP 240 units March/ 12

Rossi Vila Boa Vista Conventional Recife - PE 116 units March/12

SOS and Inventory

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2,101 2,006 2,052 2,180 2,364 2,319 2,701 2,823 3,128 3,003

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 4Q12

23% 25% 26% 27% 28% 25% 25% 25% 23%18%

Sales Speed (Sos)

Inventory

35%

13%9%

8%

7%

7%

4%

4%

4%

3%2%

1%São Paulo (18 cities)

Distrito Federal

Rio Grande do Sul

Amazonas

Minas Gerais

Rio de Janeiro

Sergipe

Rio Grande do Norte

Paraná

São Paulo (RMSP)

Goiás

Espírito Santo

Ceará

Bahia

Pernambuco

Alagoas

8 RMSP – São Paulo Metropolitan Region

76% acquired through swap

Regional diversification

Land Bank

Land bank diversified by region and

product

Total PSV of R$ 28 billion (R$ 21 billion

Rossi’s share)

Income Segment diversification

36%

19%

20%

13%

4%

8%

Low income segment

From R$ 200 K to R$ 350 K

From R$ 350 K to R$ 500 K

Above R$ 500 K

Lots

Commercial

76%

24%

Swap

Cash

9 9 9

Financial

Performance

Rossi Nova Palhano | Londrina– PR

G&A Expenses Reduction Plan

G&A Expenses

In 3Q11, Rossi announced the program to reduce

G&A expenses;

The target is to maintain the same absolute

amount in 2011 by 2012;

In 1Q12, G&A expenses decrease in R$ 13 MM

compared with 4Q11;

Expenses will remain in those levels through

2012;

53

63

76

69

56

1Q11 2Q11 3Q11 4Q11 1Q12

SG&A Expenses

Decrease of R$ 13 MM

78

44

1Q11 1Q12

-44%

215

228

1Q11 1Q12

6%

Financial Highlights

11

Net Revenues (R$ million) Gross Income (R$ million) and Gross Margin (%)

EBITDA (R$ million) and EBITDA Margin (%) Net Income (R$ million) and Net Margin (%)

12%

655

789

1Q11 1Q12

20%

29% 33%

126

140

1Q11 1Q12

11%

19%

18%

12%

6%

R$ million 1Q12 4Q11 Chg (%)

Short Term 916 909 1%

Construction Finance 701 673 4%

Working Capital 103 117 -12%

Debentures 112 119 -6%

Long Term 2,525 2,334 8%

Construction Finance 1,636 1,447 13%

Working Capital 539 537 0%

Debentures 350 350 0%

Total Debt 3,441 3,243 6%

Cash and Cash Equivalents 1,298 1,239 5%

Net Debt 2,143 2,004 7%

Net Debto/ Shareholder´s Equity 76.0% 72.0% 4.0 p.p.

Debt Breakdown Debt Profile

12

Indebtness

Debt

¹ Excludes CEF’s debentures that were classified as Real Estate Credit.

Strong cash position of R$ 1.3 billion (46% of Shareholders' Equity);

68% of debt is construction financing;

73% with long term maturity;

Long Term

Short Term

73%

27%

Longo Prazo

Curto Prazo

68%

19%

13%

Construction Financing

Debentures

Working Capital

13

Cash Burn

• Cash burn of R$ 104 million in 1Q12;

• Downward trend in the past quarters

Cash burn excluding the nonrecurring debts and the stock buyback program;

178

213195

268

94

198

93

13

104

1T10 2T10 3T10 4T10 1T11 2T11 3T11 4T11 1T12

2010: R$ 854 MM

2011 : R$ 398 MM

-53%

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

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Equipe de RI

Thank You!

IR Team Phone: +55 (11) 4058-2685 ri@rossiresidencial.com.br www.rossiresidencial.com.br/ir

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Q&A