4q10 results conference call’s presentation

4Q10 and 2010

Results

03/24/2011 > Investor Relations

1

www.rossiresidencial.com.br

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 ofinvestment by potential investors. This presentation is strictly confidential and may not be disclosed to any third person. There are norepresentations or warranties, express or implied, regarding the accuracy, fairness, or completeness of the information presented herein, which shallnot 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, andSection 21E of the Securities and Exchange Act of 1934. Such forward-looking statements and information are only predictions and cannot assureRossi’s future performance. Investors have been cautioned that any such forward-looking statements and information are subject to many risks anduncertainties relating to the operations and business of Rossi and its subsidiaries. As a result of such risks and uncertainties, the actual results ofRossi and its subsidiaries may be materially different from any future result expressed or implied in the forward-looking statement or informationcontained herein.

Although Rossi believes that the expectations and assumptions reflected in the forward-looking statements and information are reasonable and havebeen based on data currently available to its officers and directors, Rossi cannot guarantee future results or events. Rossi does not assume thecommitment 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 obtainedfrom 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) ofthe Financial Services and Markets Act of 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are personsfalling within Article 49 (2) (a) to (d) (“high net worth companies, unincorporated associations etc”) of the Financial Promotion Order, (iii) areoutside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated orcaused to be communicated (all such persons together being referred to as “relevant persons”). This material is directed only at relevant personsand must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this material relatesis 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 thispresentation nor anything contained herein shall form the basis of any contract or commitment whatsoever.

Disclaimer

2

Heitor Cantergiani

CEO

Main Highlights

Leonardo Diniz

Sales OfficerOperating Performance

Cássio Audi

CFO and IROFinancial Performance

Agendawww.rossiresidencial.com.br

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Operating Performance

4Q10

Total launches of R$ 1.6 billion (R$ 1.1 billion – Rossi’s share), up 53% compared to 4Q09;

Contracted sales of R$ 1.2 billion (R$ 906 million – Rossi’s share), up 40% compared to 4Q09;

SOS(¹) of 28% - all time high;

Low income segment represented 38% of total PSV launched and 52% of the total units launched.

2010

Total launches of R$ 4.8 billion (R$ 3.4 billion – Rossi’s share), up 74% compared to 2009;

Contracted sales of R$ 4.0 billion (R$ 3.1 billion – Rossi’s share), up 71% compared to 2009;

Low income segment represented 50% of PSV launched ( Rossi’s share).

Financial Performance

4Q10

ROE reaches 16% growth of 3 p.p. on 4Q09;

Net revenue totals R$ 711 million (49% higher than in 4Q09);

EBITDA reaches R$ 145 million (57% higher than in 4Q09), with EBITDA margin of 20.4%;

Net income totals R$ 91 million (28% higher than in 4Q09).

2010

ROE reaches 15% growth of 6 p.p. on 2009;

Net revenue totals R$ 2.5 billion (59% higher than in 2009);

EBITDA reaches R$ 533 million (62% higher than in 2009), with EBITDA margin of 21.4%;

Net income totals R$ 350 million (72% higher than in 2009).3

Highlightswww.rossiresidencial.com.br

(¹) SOS (¹) – sales over supply

2009 2010 2011

Conventional Low Income

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www.rossiresidencial.com.br

Rossi exceeded the midpoint of its launch guidance for 2010 and reaffirms its launch guidance for 2011

PSV (% Rossi) in R$ million

2,156

3,347

4,200 <=> 4,600

52%

48%

50%

50%

50%<=>55%

55%

48%

52%

55

Operating

Performance

7631,090

2,156

3,347

257467

602

1,451

4Q09 4Q10 2009 2010

Rossi Partners

6

*RMSP – São Paulo Metropolitan Region

R$ million

Launcheswww.rossiresidencial.com.br

1,020

1,557

53%

2,758

4,79874%

Income Segment distribution (% Rossi) - 2010Regional distribution (% Rossi) - 2010

50%

36%

14%

Low Income Segment

Conventional

Commercial

22%

16%

16%7%

6%

6%

4%

4%

4%

4%4%

3%2%

1% São Paulo (other cities)

Rio Grande do Sul

São Paulo (RMSP)

Amazonas

Goiás

Rio de Janeiro

Espírito Santo

Rio Grande do Norte

Minas Gerais

Ceará

Paraná

Federal District

Bahia

Mato Grosso do Sul

Santa Catarina

Pará

48%

38%

14%

Conventional

Low Income

Commercial

621 906

1,825

3,084

207256

515

910

4Q09 4Q10 2009 2010

Rossi Partners

7*RMSP – São Paulo Metropolitan Region

Contracted Saleswww.rossiresidencial.com.br

8281,162

2,340

3,994

40%

71%

R$ million

Regional distribution (% Rossi) - 2010

22%

21%

13%

10%

7%

6%

4%

4%3%

3%2%

2%1%São Paulo (other cities)

São Paulo (RMSP)

Rio Grande do Sul

Rio de Janeiro

Paraná

Minas Gerais

Espírito Santo

Federal District

Amazonas

Gioás

Ceará

Rio Grande do Norte

Mato Grosso do Sul

Bahia

Income Segment distribution (% Rossi) - 2010

15%

20%21%

23%

25%26%

27%28%

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

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Consistent SOS growth in the last 8 quarters:

Sales velocity (SOS) calculation breakdown by quarter:

SOS and Inventorieswww.rossiresidencial.com.br

SOS - % Rossi (R$ million) 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

Initial inventory 1,770 1,630 1,603 1,959 2,101 2,006 2,052 2,180

Launches 143 377 873 763 571 757 930 1,090

Initial inventory + launches 1,913 2,007 2,476 2,722 2,672 2,763 2,982 3,270

Sales 283 404 517 621 666 711 802 906

SOS (%) 15% 20% 21% 23% 25% 26% 27% 28%

Final inventory 1,630 1,603 1,959 2,101 2,006 2,052 2,180 2,364

41%

27%

12%

9%

6%5%

Low income segment

R$ 200,000 to R$ 350,000

R$ 350,000 to R$ 500,000

Above R$ 500,000

Commercial

Lots

33%

12%

10%8%

7%

6%

4%

4%

4%

3%2%

1%

São Paulo (other cities)

Rio Grande do Sul

Federal District

São Paulo (RMSP)

Minas Gerais

Goiás

Rio de Janeiro

Bahia

Paraná

Espírito Santo

Rio Grande do Norte

Ceará

Amazonas

Paraíba

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Landbank diversified by region and product

Total PSV of R$ 27 billion (R$ 18 billion – Rossi’s share)

*RMSP –São Paulo Metropolitan Region

Landbankwww.rossiresidencial.com.br

304 sites in 85 cities

11 million m2 for construction

140,000 units

70% acquired by swaps

Regional diversification Income segment diversification

36%

34%

30%

Financial Swap

Unit Swap

Cash

101010

Financial

Performance

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4Q10

ROE reaches 16%;

Net revenue totals R$ 711 million;

Gross income totals R$ 231 million, with gross margin of 32.4%;

EBITDA totals R$ 145 million, with EBITDA margin of 20.4%;

Net income totals R$ 91 million, with net margin of 12.7%.

2010

ROE reaches 15%;

Net revenue totals R$ 2.5 billion;

Gross income totals R$ 788 million, with gross margin of 31.6%;

EBITDA totals R$ 533 millions, with EBITDA margin of 21.4%;

Net income totals R$ 350 million, with net margin of 14.0%.

Financial Performancewww.rossiresidencial.com.br

144

231

481

788

4Q09 4Q10 2009 2010

476

711

1.572

2.496

4Q09 4Q10 2009 2010

12

Net Revenue (R$ million)

30.2%

32.4%

59%

64%

30.6%

31.6%

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


49%

61%

1,572

2,496

71 91

204

350

4Q09 4Q10 2009 2010

92 145

330

533

4Q09 4Q10 2009 2010

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

62%

57%

20.4%19.4%

21.4%21.0%

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

72%

28%

12.7%14.9%

14.0%12.9%

63%

37%

Long Term

Short Term

77%

15%

8%

Construction financing (1)

Debentures

Working capital

Total debt breakdown

Debt Profile

14

¹ Considering CEF debentures

Return on equity (ROE) and Debtwww.rossiresidencial.com.br

13%

16%

9%

15%

4Q09 4Q10 2009 2010

4Q10 3Q10

Net Debt 1,141 875

Net Debt / Shareholders Equity 45% 34%

Net Debt (-SFH) 10 -272

Net Debt (-SFH) / Shareholders’ Equity 0.4% -10.7%

Return on equity (ROE) - %

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Market Value RSID3

Total shares 266,436,388

Price on March 23, 2011 14.44

Market Value R$ 3,847

Performance RSID3www.rossiresidencial.com.br

Rossi outperformed its industry benchmarks and Bovespa index in the last 12 months.

70

80

90

100

110

120

130

RSID x IBOV x IMOB

RSID3 IBOV IMOB

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Equipe de RI

Thank You!

Cássio Elias AudiCFO and Investor Relations Officer

Adriana GodinhoInvestor Relations ManagerPh. (55 11) 4058-2500

Gabriel Spera BorbaInvestor Relations Analyst

Ph. (55 11) 4058-2502

Paula OliveiraInvestor Relations AnalystPh. (55 11) 4058-2503

[email protected]/ri

http://www.rossiresidencial.com.br/ri

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