4Q11 and

2011 Results

27/03/2012 > Investor Relations

Paulistano|São Paulo – 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

2012 Outlook

Operating Performance

Cássio Audi

CFO and IRO

Financial Performance

Agenda

2

Execution – Construction Technology

3

2012 Key Messages

Focus on profitability and cash flow;

Geographical diversification still as a strategy to mitigate risk, but on markets with low

competition from major players;

G&A Reduction plan implemented aiming to maximize efficiency and minimize cash burn;

Improve exposure to standardized construction technology on low income segment

developments;

Rossi reached the guidance for the 3rd year in a row

4

2007 2008 2009 2010 2011 2012E 2013E 2014E+

Launches (Rossi’s share) – R$ MM

Follow On (oct/09)

1,981

Annual Growth… 0% 15%

Low Income segment

Others Segment

87%

13%

71%

29%

48%

52% 50%

50%

41%

59%

2,045 2,156

3,347

4,259

3.2% 5.4%

55.2%

27.2%

5 5

Operating

Performance

Rossi Mais Sintonia| Belo Horizonte – MG

47%

41%

12%

Conventional

Low Income

Commercial

17%

15%

9%

8%8%

8%

7%

6%

5%

3%3%

2%2%1%

São Paulo (12 cities)

Distrito Federal

Paraná

São Paulo (RMSP)

Rio de Janeiro

Sergipe

Rio Grande do Sul

Minas Gerais

Amazonas

Bahia

Espírito Santo

Pará

Santa Catarina

Mato Grosso

Pernambuco

Rio Grande do Norte

Mato Grosso do Sul

Ceará

1,090 1,219

3,347

4,259

467 692

1,451

1,199

4Q10 4Q11 2010 2011

Rossi Partners

1,557

27%1,911

4,798

5,458

12%

6

R$ million

Launches www.rossiresidencial.com.br

Breakdown by Segment (% Rossi) – 2011 Breakdown by Region (% Rossi) – 2011

*RMSP – Metropolitan Region of São Paulo

46%

43%

11%

Low Income

Conventional

Commercial

18%

12%

12%

12%10%

8%

6%

5%

4%

3%3%1%

São Paulo (17 cities)

Rio de Janeiro

Rio Grande do Sul

São Paulo (RMSP)

Distrito Federal

Amazonas

Minas Gerais

Sergipe

Ceará

Paraná

Goiás

Espírito Santo

Pernambuco

Bahia

Pará

Mato Grosso

Rio Grande do Norte

Santa Catarina

Mato Grosso do Sul 7 RMSP – Região Metropolitana de São Paulo

Contracted Sales www.rossiresidencial.com.br

R$ million

906 914

3,084 3,500

256 346

910

1,150

4Q10 4Q11 2010 2011

Rossi Partners

3.994

1,162 1,260

3,994

4,650

1%

13%

Breakdown by Segment (% Rossi) – 2011 Breakdown by Region (% Rossi) - 2011

www.rossiresidencial.com.br

8

Successful Launches in the quarter

Rossi Mais Maracanã

Low Income

Rio de Janeiro - RJ

240 units

Altos do Farol ResidencialClube

Low Income

Aracaju - SE

332 units

Vivendas do Rio Negro

Low Income

Manaus - AM

256 units

Vila Nova Sabará

Convencional

São Paulo - SP

204 units

Rossi 145

Convencional

Curitiba - PR

182 units

Rossi Business Itaboraí

Commercial

Itaboraí - RJ

248 units

Praças Esmeraldas

Low Income

Marília - SP

144 units

Rossi Mais Sintonia

Low Income

Belo Horizonte - MG

143 units

Life Universitá

Low Income

Aracaju - SE

355 units

SOS and Inventory www.rossiresidencial.com.br

SOS

Months of sale

Inventory

9

23%

25% 26% 27% 28%

25% 25% 25%

23%

10

9 9 8 8

9 9 9 10

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

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

37%

19%

20%

12%

5%

7%

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

10 RMSP – São Paulo Metropolitan Region

www.rossiresidencial.com.br

76% acquired through swap

Regional diversification

Land Bank

Land bank diversified by region and

product

Total PSV of R$ 30.3 billion (R$ 22.6

billion Rossi’s share)

Income Segment diversification

76%

24%

Swap

Cash

34%

12%

9%7%

7%

6%

4%

4%

4%

3%

2%1%

São Paulo (18 cities)

Distrito Federal

Rio Grande do Sul

Minas Gerais

Amazonas

Rio de Janeiro

Paraná

Sergipe

Rio Grande do Norte

São Paulo (RMSP)

Goiás

Espírito Santo

Mato Grosso

Ceará

Bahia

Mato Grosso do Sul

Pernambuco

Alagoas

Pará

Paraíba

11

Construction

Technology

Rossi Ideal Cidade Jardim| |Jacareí – São Paulo

12 12

Três Barras A| Campo Grande - MS

In 2012:

Rossi will be responsible for the

construction of 70% from the launches;

All partners follow Rossi´s procedures

and budgets with SAP;

Consolidation of Production Engineering

in Ribeirão Preto, Brasília, Campo

Grande, Cuiabá e Belo Horizonte.

Parque Belo | Porto Alegre - RS

Construction Technology

13

2011 – 9,490 units delivered;

2012 – 18,000 to 20,000 to be delivered;

13

Pateo Catalunya| São Caetano do Sul - SP

Vila Flora Hortolândia| Hortolândia - SP

Le Soleil | Campinas - SP

Vida Bela| Curitiba - PR

Construction Technology| Units Delivered

14 14 14

Financial

Performance

Rossi 145| Curitiba – PR

15

Financial Highlights www.rossiresidencial.com.br

2011

Net revenue reaches R$ 3,1 billion, 23% higher than 2010;

Gross Income ¹ totals R$ 921 million, 17% higher than 2010 with Gross Margin of 31% ¹;

EBITDA ¹,² reaches R$ 585 million - 13% higher than 2010 - EBITDA margin: 19%;

Net income ¹,² reaches R$ 355 million in 2011 , with Net Margin of 12;

4Q11

Cash burn ³ falls to R$ 13 million in 4Q11;

Net revenue reaches R$ 916 million, 29% higher than 4Q10;

Gross Income ¹ totals R$ 244 million, 6% up on 4Q10 and Gross Margin of 30%¹;

EBITDA ² reaches R$ 175 million - 23% higher than 4Q10 – EBITDA margin: 19%;

Net income ¹ reaches R$ 87 million;

(1) Adjusted for nonrecurring lots divestments in 4Q11; (2) Adjusted for nonrecurring selling expenses; (3) Cash burn excluding the nonrecurring payment of debt at Norcan and the stock buyback program;

142175

516

585

4Q10 4Q11 2010 2011

23%

13%

231 244

788

921

4Q10 4Q11 2010 2011

6%

17%

91 87

350 355

4Q10 4Q11 2010 2011

-4%

1%

711

916

2,496

3,072

4Q10 4Q11 2010 2011

29%

23%

Financial Highlights www.rossiresidencial.com.br

(1) Adjusted for nonrecurring selling expenses; (2) Adjusted for nonrecurring lots divestments in 4Q11;

16

Net Revenue (R$ million) Gross Income (R$ million) and Gross Margin² (%)

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

30%

31% 32%

32%

19%

19%

21%

20% 13%

12%

14%

9%

www.rossiresidencial.com.br

G&A Expenses Reduction

53

63

76

69

56

1Q11 2Q11 3Q11 4Q11 1Q12 ¹

SG&A Expenses

Decrease of R$ 13 MM

1 Estmated amount

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;

The gains will occur in 1Q12, when expenses are

expected to decrease R$ 13 MM;

Expenses will remain in those levels through

2012;

www.rossiresidencial.com.br

Consistent Margins

Gross Margin (%) - Rolling twelve months average

18

31%31%

30% 30%31%

31% 31% 32%31%

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11²

(²) Excludes nonrecurring items (lands divestments)

72%

28%

Longo Prazo

Curto Prazo

65%

14%

20%

Construction Financing

Debentures

Working Capital

Debt Breakdown Debt Profile

19

Indebtness www.rossiresidencial.com.br

Debt

¹ Inclui debêntures com a Caixa Econômica

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

Strong cash position of R$ 1.2 billion (45% of Shareholders' Equity);

65% of debt is construction financing;

72% with long term maturity;

R$ million 4Q11 3Q11 Var (%)

Short Term 909 1.029 -12%

Construction Financing 680 755 -10%

Working Capital 110 159 -31%

Debentures 119 115 3%

Long Term 2.335 2.212 6%

Construction Financing 1.951 1.812 8%

Working Capital 33 50 -33%

Debentures (¹) 350 350 0%

Total gross debt 3.244 3.240 0%

Cash position 1.239 1.403 -12%

Net Debt 2.004 1.837 9%

Net Debt / Equity 72,0% 66,1% 5,9 p.p.

Long Term

Short Term

20

Cash Burn www.rossiresidencial.com.br

• Cash burn (¹) drops to R$ 13 million in 4Q11;

• In 2011, cash burn came to R$ 398 million, 53% lower than 2010

Cash burn has trended downward over the last four quarters

(1) Cash burn excluding the nonrecurring debts and the stock buyback program;

178

213195

268

94

198

93

13

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

2010: R$ 854 MM

2011: R$ 398 MM

-53%

21

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