Earnings Presentation

1Q15

2

Cash Generation Trend

Launches (% RR) | R$ MM Cash Generation (Burn) | R$ MM

Launches excluding cancelled projects 2015 LTM – Last 12 months Net Debt variation ex capital increases and Follow On

883

1.981 2.055 2.156

3.240

3.592

1.962

838

610 481

(526)

(427)

(558)

(455)

(901)

(1.306)

(946)

(125)

424

(1.700)

(1.500)

(1.300)

(1.100)

(900)

(700)

(500)

(300)

(100)

100

300

500

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 LTM

Ca

sh

Ge

ne

rati

on

(B

urn

) |

R$

MM

R$ 494 MM

R$ 24 MM received on 1Q5

3

2013-2015 Strategic Plan | Update and Adjustment

Strategic Plan Achievements until 1Q15

Focus Focus on cash generation and profitability

G&A G&A Expenses efficiency

Rossi Vendas Increase Rossi Vendas stake on the total sales

Financing Transfers

Focus in house restructuring and transfer of financing

Construction Execution of 90% of the construction

Partners

Operation

Income Segment

Increase Rossi´s stake in the launches up to 95% of

the total PSV. excluding JVs Capital Rossi and Norcon

Rossi)

Operations focused on 7 metropolitan regions (+JVs).

where it ranks among Top 3

Focus on medium-/high-income segments (average

price between entre R$ 200 k and R$ 1 million

Land Bank Disablement of the Land Bank outside from the

launching pipeline

Business Units Search for financial/strategic partners for

Urbanizadora and Properties

Cash Generation (Proportional) LTM: R$494 MM

Reduction of 12% % vs 1Q14 and 7% vs 4Q14

% Rossi Vendas: 71%

Cash Inflow : R$ 637 MM

Speed of Financial Transfers : 35%

Rossi executes 80% of the construction sites

Shortening construction cycle

Drivers

Focus on the 4 strategic regions – São Paulo,

Campinas, Rio de Janeiro e Porto Alegre + JVs

Average Price: R$ 563 k/unit

% Rossi (c/ JVs): 91%

Operationals Results

4

5

Operationals highlights

Gross Sales| R$ MM Gross Sales – Metropolitan Region| %

Gross Sales– Stage of Construction| %

107,6 114,5

201,5

Jan Feb Mar

Monthly Gross Sales 100% – | R$ MM

6

Operationals highlights (cont.)

Sales Cancelations| R$ MM Sales Cancelations| Metropolitan Region | %

Sales Cancelations|– Stage of Construction| %

Decreasing of inventory:

Focus on units concluded and to be delivered, that are resposable for increasing the potential for financing transfer :

Reduction of 10,6% vs 4Q14

Speed up the simplification process by disposing of units located in non-strategic regions

Reduction of -13,1% vs 4Q14

7

Operationals highlights(cont.)

Units in Inventory | Concluded + To be delivered 2015

Units in Inventory1Q15| Non Strategic Regions

8

Landbank

Residential Development:

Total PSV: R$ 9,9 bi (R$ 8,0 bi %Rossi);

Launches up to 2017: R$ 5,3 bi (R$ 4,4 bi %Rossi)

Launches after 2017: R$ 3,0 bil (R$ 2,4 bi %Rossi)

Entreverdes Urbanismo: R$ 4,3 bi (R$1,7bi %Rossi)

Decommissioning: R$ 1,7 bil (R$ 1,2 bil %Rossi)

Launches up to 2017 | Metropolitan Region (% Rossi) Launches up to 2016 | Products (% Rossi)

Financial Results

9

Cash and Equivalents and Indebtness

10

100%

R$ million 1Q15 4Q14 3Q14 2Q14 1Q14

Gross Debt 3,124.8 3,486.4 3,881.0 4,168.4 4,434.4

Cash and Cash Equivalents 471.0 687.1 775.5 1.000.4 1.221.4

Net Debt 2,653.8 2,799.3 3,105.5 3,.168.0 3,213.0

Net Debt ÷ Shareholder’s Equity 129.0% 126.8% 117.2% 108.7% 110.1%

Cash (Burn) Generation 145.4 306.2 62.6 44.9 68.2

Cash (Burn) Generation LTM 559.1

Proportional

R$ million 1Q15 4Q14 3Q14 2Q14 1Q14

Gross Debt 2,626.4 2,965.8 3,327.0 3,574.0 3,832.1

Cash and Cash Equivalents 355.3 549.9 656.0 816.1 1,067.2

Net Debt 2,271.1 2,415.9 2,671.0 2,757.9 2,764.9

Net Debt ÷ Shareholder’s Equity 138.0% 133.0% 125.1% 114.9% 115.2%

Cash (Burn) Generation 144.8 255.1 86.9 6.9 75.1

Cash (Burn) Generation LTM 493.8

IFRS

R$ million 1Q15 4Q14 3Q14 2Q14 1Q14

Gross Debt 2,139.3 2,.426.7 2,744.7 3,011.6 3,134.5

Cash and Cash Equivalents 314.0 479.6 571.4 746.4 973.0

Net Debt 1,825.3 1,947.1 2,173.3 2,265.2 2,161.5

Net Debt ÷ Shareholder’s Equity 110.9% 109.8% 101.9% 94.6% 89.9%

Cash (Burn) Generation 121.9 226.1 91.9 (103.7) 167.6

Cash (Burn) Generation LTM 336.2

Corporate Gross Debt - IFRS

Quartely Corporate Debt Evolution| R$ MM

Decrease of corporate debt according to

the strategic plan

11

Corporate Debt Schedule | R$ MM

Debt roll over of R$ 100MM to be due in

may 31

Payments schedule distributed in line whith

the expected cash genaration

Cash and Equivalents and Indebtness (cont)

12

Related Parties

13

Cash Flow Drivers

Cost to be incurred | R$ MM

14

Cash Inflow| R$ MM

Financial Tranfer SoS

Rossi

Third Paty

-34%

1Q15

15

Financial Higlights

¹ Excluding interest booked under costs

Net Revenues | R$ milliion Gross Profit (R$ million) and Margin¹ (%)

29,5%

19,8%

EBITDA (R$ million) Net Profit (Loss) | (R$ million)

Equipe de RI

Obrigado! IR Team Tel. (55 11) 4058-2502 ri@rossiresidencial.com.br www.rossiresidencial.com.br/ri

Contacts

16