Earnings Presentation

4Q14 and 2014

2

Cash Generation Trend

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

Launches excluding cancelled projects Net Debt variation ex capital increases and Follow On

883

1.981 2.055 2.156

3.240

3.592

1.962

838

610

(526)

(427)

(558)

(455)

(901)

(1.306)

(946)

(125)

(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

Ca

sh

Ge

ne

rati

on

(B

urn

) |

R$

MM

R$ 424 MM

3

2013-2015 Strategic Plan | Update and Adjustment

Achievements 2014 and Adjustments

Cash Generation (Proportional) : R$ 424MM

Increased related to boosting the team responsible

for the cash collection

% Rossi Vendas: 63%

Record cash inflow of R$ 2.9 billion

90% of the construction beginning in 2013 will be

done by Rossi

Rossi already executes 78% of the ongoing projects

All launches in Strategic regions since the release of

strategic plan

Reduction in the cities were Rossi will operate, up

to 5 metropolitan regions

Average Price :R$ 534 k/unit

% Rossi (c/ JVs) : 90%

Focus

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

Focus on cash generation and profitability

Strategic Plan

Total : R$ 220MM

R$ 128 MM received on 2014

In the 2H14 the land bank was adjusted to reflect a new market outlook

Operational Results

4

5

Operational Highlights

New Launches:

In line with the Strategic Plan

Metropolitan Region with proven track record

Focus on medium-/high-income segment

100% are eligible for funding through the SFH with

FGTS

Launches | R$ MM

Metropolitan Region | 2014 Average price trend (R$/unit)

286 278

395

452 476

556

2009 2010 2011 2012 2013 2014

¹ Historial data adjusted by the INCC in the period

6

Operational Highlights (cont.)

Gross Sales | R$ MM Metropolitan Region | 2014

Sales Speed LTM | % a.a.

42,5% 43,8% 45,0% 45,5% 47,6%

4T13 1T14 2T14 3T14 4T14

7

Operational Highlights (cont.)

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

Rescisão – Estágio da Obra | %

8

Land Bank

Residential Development:

Total PSV: R$ 9.8 bi (R$ 7.8 bi Rossi’s share);

Launches up to 2016: R$ 3.4 billion (R$ 3.1 billion Rossi´s share)

Launches after 2016: R$ 2.8 billion (R$ 2.1 billion Rossi´s share)

Entreverdes Urbanismo: R$ 4.3 billion (R$ 1.7 billion Rossi´s share)

Decommissioning: R$ 3.3 billion (R$ 2.7 billion Rossi´s share)

Launches up to 2016 | Metropolitan Region (% Rossi) Launches up to 2016 | Productrs (% Rossi)

Financial Results

9

10

Cash and Equivalents and Indebtness

R$ million 4Q14 3Q14 2Q14 1Q14

Total debt 3.486,4 3.881,0 4.168,4 4.434,4

Cash and Cash Equivalents 687,1 775,5 1.000,4 1.221,4

Net Debt 2.799,3 3.105,5 3.168,1 3.212,9

Net Debt ÷ Shareholder´s Equity 126,8% 117,2% 108,7% 110,1%

Cash Generation 4Q14 306,2 62,6 44,9 68,2

Cash Generation YTD 482,2

Proporcional

R$ million 4Q14 3Q14 2Q14 1Q14

Total debt 2.965,8 3.327,0 3.574,0 3.832,1

Cash and Cash Equivalents 549,9 656,0 816,1 1.067,2

Net Debt 2.415,9 2.671,0 2.757,9 2.764,9

Net Debt ÷ Shareholder´s Equity 135,8% 125,1% 114,9% 115,2%

Cash Generation 4Q14 255,1 86,9 6,9 75,1

Cash Generation YTD 424,1

IFRS

R$ million 4Q14 3Q14 2Q14 1Q14

Total debt 2.426,7 2.744,7 3.011,6 3.134,5

Cash and Cash Equivalents 479,6 571,4 746,4 973,0

Net Debt 1.947,2 2.173,3 2.265,2 2.161,5

Net Debt ÷ Shareholder´s Equity 109,8% 101,9% 94,6% 89,9%

Cash Generation 4Q14 226,1 91,9 (103,7) 167,6

Cash Generation YTD 381,9

11

Cash and Equivalents and Indebtness (cont.)

Corporate Gross Debt - IFRS

12

Corporate Debt Schedule | R$ MM

Evolução ao longo dos últimos trimestres | R$ MM

Debt roll over of R$ 100MM to be due in 2Q15 in

final stage of signing.

Voluntary Early Redemption of CEF debentures in

the amount of R$108 MM.

3.826,2 3.832,1 3.574,0

3.327,0 2.965,8

4T13 1T14 2T14 3T14 4T14

Related Parties

13

Cash Flow Drivers

14

Financing tranfers speed | VSO

Cost to be incurred | R$ MM Cash inflow | R$ MM

Rossi

Third Party

15

Financial Higlights

¹ Excluindo juros alocados ao Custo e despesas da Rossi Construtora

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

20,4% 4,4%

29,4% 29,9%

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

Equipe de RI

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

Contacts

16