3Q11 and

9M11 Results

11/11/2011 > Investor Relations

Villa Flora - Sumaré – São Paulo Rossi Praças Ipê Branco | Sumaré – São Paulo

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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

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Heitor Cantergiani

CEO

Highlights

Leonardo Diniz

Sales Officer

Operating Performance

Cássio Audi

CFO and IRO Financial Performance

Renato Diniz

Engineering Officer

Execution – Construction Technology

Agenda

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(1) Cash burn excludes non-recurring expenses and the stock buyback program (2) Adjusted for non-recurring selling expenses

www.rossiresidencial.com.br

Highlights

Operating Performance

Launches (Rossi’s share): R$ 1.0 billion, 8% higher than in 3Q10.

Contracted Sales (Rossi’s share) reached an all-time high of R$917 million, 14% higher than in 3Q10;

The low income segment represented 41% of Rossi’s total PSV;

SOS of 25% in the quarter;

Financial Performance

Cash burn (¹) falls to R$ 93 million in 3Q11;

Net Revenue reaches R$ 2,2 billion in 9M11, 21% higher than in 9M10;

Gross Income reaches R$ 672 million, 21% higher than in 9M10 - Gross Margin: 31%;

EBITDA (²) : R$ 149 million, 13% higher than in 3Q10 - EBITDA Margin: 20%;

Net Income (²) : R$ 96 million in 3Q11, and R$ 268 million in 9M11;

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Execution -

Construction

Technology

Rossi Mais Recanto da Taquara | Rio de Janeiro - RJ

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Campinas plant

Construction Technology

Rossi continues to intensify technology use and pre cast at its construction sites

Lower expenses with workforce

Lower execution time

Higher quality

Standardization

Pioneer in the large scale use in Brazil

Campinas plant

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Campinas land – view from highway Campinas land

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Production center Campinas (on going project)

Total Capacity (units/year) – 2.000

Campinas - SP

Fábrica

Americana

Campinas

Piracicaba

Itu

Sorocaba

Jundiai

Blueprint Location

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Production center Campinas (on going project)

Total Capacity (units/year) – 2.000

Brasília - DF Total Capacity (units/year) – 2.000

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Production center Brasilia (on going project)

Fábrica

Brasília

Brasília - DF

Blueprint Location

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Total Capacity (units/year) – 2.000

Production center Brasilia (on going project)

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Operating

Performance

Rossi 360 Home & Business | Juiz de Fora – MG

Sales success : 80% sold in 3Q11

46%

39%

15%

Conventional

Low Income

Commercial

R$ million

Launches www.rossiresidencial.com.br

Breakdown by Segment (% Rossi) – 9M11 Breakdown by Region (% Rossi) – 9M11

*RMSP – Metropolitan Region of São Paulo

930 1.008

2.257

3.040

445 162

984

508

3Q10 3Q11 9M10 9M11

Rossi Partners

1,375 35%

1,170

3,2413,547

8%

20%

20%

9%8%

8%

5%

4%

4%

4%

4%

3%2%

2%1%

São Paulo (11 cities)

Distrito Federal

Rio Grande do Sul

Minas Gerais

Rio de Janeiro

Amazonas

Bahia

São Paulo (RMSP)

Espírito Santo

Paraná

Sergipe

Santa Catarina

Mato Grosso

Pernambuco

Mato Grosso do Sul

Ceará

Pará

Rio Grande do Norte

11

18%

13%

12%

12%

11%

8%

6%

4%

3%

3% 3%1%

São Paulo (17 cities)

Distrito Federal

Rio Grande do Sul

Rio de Janeiro

São Paulo (RMSP)

Amazonas

Minas Gerais

Ceará

Goiás

Paraná

Sergipe

Pernambuco

Bahia

Pará

Espírito Santo

Mato Grosso

Rio Grande do Norte

Santa Catarina

Mato Grosso do Sul

47%

42%

12%

Conventional

Low Income

Commercial

Contracted Sales www.rossiresidencial.com.br

R$ million

Breakdown by Segment (% Rossi) – 9M11 Breakdown by Region (% Rossi) - 9M11

*RMSP – Metropolitan Region of São Paulo

802 917

2.178 2.581

284 316

655

809

3Q10 3Q11 9M10 9M11

Rossi Partners

1,0861,233

2,833

3,391

14%

19%

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Successful Launches in the quarter www.rossiresidencial.com.br

Rossi 360 Home & Business

Commercial

Juiz de Fora - MG

420 units

80% sold

Rossi Horizon Jardins

Conventional

Aracaju - SE

39 units

100% sold

Rossi Andradas Office

Commercial

Belo Horizonte - MG

159 units

34% sold

Rossi Cosmopolitan

Conventional

Curitiba - PR

201 units

32% sold

Vivendas do Aleixo

Low income

Manaus - AM

140 units

49% sold

Rossi Mais Recanto da Taquara

Low income

Rio de Janeiro- RJ

190 units

70% sold

Rossi Praças Ipê Branco

Low income

Sumaré - SP

180 units

50% sold

Rossi Office Sumaré

Commercial

Sumaré - SP

126 units

100% sold13

SOS and Inventory www.rossiresidencial.com.br

21%

23%

25%26%

27% 28%25% 25% 25%

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10

9 9

8 8

9 9 9

1,959 2,101 2,006 2,052 2,180 2,364 2,319 2,701 2,823

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

21%

23%

25%26%

27% 28%25% 25% 25%

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10

9 9

8 8

9 9 9

1,959 2,101 2,006 2,052 2,180 2,364 2,319 2,701 2,823

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

SoS

Months of Sale

Inventory

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34%

12%

10%8%

5%

5%

4%

3%3%

3%

2%

1%

São Paulo (20 cities)Distrito FederalMinas GeraisRio Grande do SulParanáAmazonasSergipeRio de JaneiroSão Paulo (RMSP)Rio Grande do NorteCearáMato GrossoBahiaGoiásParaíbaParáMato Grosso do SulSanta CatarinaPernambucoEspírito SantoMaranhãoBauru

43%

31%

26% Unit Swap

Financial Swap

Cash

*RMSP – Metropolitan Region of São Paulo

Land Bank www.rossiresidencial.com.br

74% acquired through swap

Regional diversification Income Segment diversification

Land bank diversified by region and product

Total PSV of R$ 31.2 billion (R$ 22.1 billion Rossi’s

share)

40%

25%

12%

12%

8%

2%

Low income segment

From R$ 200 K to R$ 350 K

Commercial

Above R$ 500 K

From R$ 350 K to R$ 500 K

Lots

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Financial

Performance

Horizon Jardins | Aracaju – Sergipe

Sales success : 100% sold

Financial Highlights www.rossiresidencial.com.br

Net revenue reaches R$ 749 million, 16% higher than in 3Q10;

9M11: R$ 2.2 billion, 21% more than 9M10;

Gross income totals R$ 226 million, 18% up on 3Q10, with a gross margin of 30%;

9M11: R$ 672 million, with Gross Margin of 31,2%;

EBITDA (¹) totals R$ 149 million with an EBITDA margin of 20%;

9M11: R$ 419 milhões, with EBITDA Margin of 19%;

Net income (¹) comes to R$ 96 million;

9M11: R$ 268 million;

Cash burn (²) falls to R$ 93 million

(1) Adjusted for non-recurring selling expenses (2) Cash burn excludes non-recurring expenses and the stock buyback program

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132149

382419

3Q10 3Q11 9Q10 9M11

13%

10%

644749

1,784

2,157

3Q10 3Q11 9M10 9M11

16%

21%

93 96

259 268

3Q10 3Q11 9M10 9M11

3%

3%

191226

557

672

3Q10 3Q11 9M10 9M11

18%

21%

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

Financial Highlights www.rossiresidencial.com.br

EBITDA ¹ (R$ million) and EBITDA Margin (%) Net Income ¹ (R$ million) and Net Margin (%)

(¹) Adjusted by non recurring expenses related to “Rossi 30 anos”

30%

31% 31%

30%

21% 19%

21% 20% 14% 11%

15% 12%

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32%31%

31%30% 30%

31%31% 31% 31%

LTM 3Q09 LTM 4Q09 LTM 1Q10 LTM 2Q10 LTM 3Q10 LTM 4Q10 LTM 1Q11 LTM 2Q11 LTM 3Q11

www.rossiresidencial.com.br

Consistent Margins

Gross Margin (%)

Ebitda Margin (%)

20%

22%23% 23%

22% 22% 22%21% 21%

LTM 3Q09 LTM 4Q09 LTM 1Q10 LTM 2Q10 LTM 3Q10 LTM 4Q10 LTM 1Q11 LTM 2Q11 LTM 3Q11

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Cash Burn www.rossiresidencial.com.br

Cash burn (¹) drops to R$ 93 million in 3Q11; In 9M11, cash burn came to R$385 million, 34% lower than in the first nine months of 2010;

178

213195

266

94

198

93

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

Total 9M10: R$ 586 MM

Total 9M11: R$ 385 MM

20 (1) Cash burn excludes non-recurring expenses and the stock buyback program

32%

68%

Short term

Long term

79%

14%

6%

Construction Financing

Debentures

Working Capital

Debt Breakdown

Debt Profile

Debt www.rossiresidencial.com.br

Amortization Schedule (without SFH) – R$ million

¹ including debentures with Caixa ¹ Excluding debentures with Caixa

Debt

R$ million 3Q11 2Q11Chg.

(%)

Short Term 1.029 964 7%

Construction financing 755 686 10%

Working capital 159 156 2%

Debentures 115 122 -6%

Long Term 2.212 2.069 7%

Construction financing 1.812 1.652 10%

Working capital 50 67 -25%

Debentures(¹) 350 350 0%

Total Gross Debt 3.240 3.033 7%

Cash position 1.403 1.307 7%

Net Debt 1.837 1.726 6%

Net Debt/Equity 66,1% 64,1% 2,0 p.p.

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

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2011 2012 2013 2014 After 2015

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Equipe de RI

Thank You!

Cássio Elias Audi CFO and IRO

Adriana Godinho Investor Relations Manager Ph. (55 11) 4058-2500

Gabriel Spera Borba Investor Relations Analyst

Ph. (55 11) 4058-2502

Paula Oliveira Investor Relations Analyst Ph. (55 11) 4058-2503

ri@rossiresidencial.com.br www.rossiresidencial.com.br/ir

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Q&A

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