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CYRELA Earnings Release - 1021 | 2021 Cyrela Reports Net Income of R $ 192 million and Cash Generation of R $ 70 Million in the quarter São Paulo , May 13 , 2021 - Cyrela Brazil Realty S.A. Empreendimentos e Participações ( " CBR " or " Company " or " Cyrela " ) ( B3 : CYRE3 ; OTCQPink : CYRBY ) , one of the largest residential real estate developers in Brazil , announces its earnings results for the first quarter of 2021 ( 1Q21 and 2021 ) . The financial and operational information contained herein , except where otherwise indicated , is presented in Brazilian Reais ( R $ ) and follows the International Financial Reporting Standards ( IFRS ) , which are in line with technical guideline OCPC 04 and technical interpretation ICPC 02 , the Brazilian accounting principles , the financial reporting standards applicable to the Brazilian real estate developers and the relevant regulation . The comparisons herein refer to the same period of 2020 and , as stated otherwise , to the fourth quarter of 2020 . LAUNCHES In 1Q21 : R $ 421 million , down 60.4 % from 1Q20 SALES In 1Q21 : R $ 1,031 million , up 21.8 % from 1Q20 CYRE3 ( 05.13.2021 ) # of Shares : 399,742,799 Market Cap : R $ 8,966.6 million US $ 1,688.6 million GROSS MARGIN In 1Q21 : 34.5 % , 1.8 p.p. up vs. 1Q20 ( Pro forma ) NET INCOME In 1Q21 : R $ 192 million profit , vs. R $ 28 million profit in 1020 Conference Call on The 1021 Results Portuguese ( with simultaneous interpretation ) May 14 , 2021 11:30 a.m. ( Brasília time ) 10:30 a.m. ( US EDT ) +55 11 4210-1803 or +55 11 3181-8565 +1 844 204-8942 ( US ) +1 412 717-9627 ( other countries ) ROE - RETURN ON EQUITY ( net income for the past 12 months over the period's average shareholders ' equity , excluding minority interests ) 36.7 % CASH GENERATION In 1Q21 : Cash generation of R $ 70 million vs. cash generation of R $ 439 million in 4Q20 IR Contacts : Phone number : ( 55 11 ) 4502-3153 ri@cyrela.com.br Visit our IR Website at : http://ri.cyrela.com.br/ 1