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CYRELA Earnings Release - 2021 | 2021 Cyrela Reports Net Income of R $ 267 million and Cash Generation of R $ 87 Million in the quarter São Paulo , August 12 , 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 second quarter of 2021 ( 2Q21 and 6M21 ) . 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 first quarter of 2021 . LAUNCHES In 2Q21 : R $ 1,929 million , up 659 % from 2020 and 358 % higher than 1Q21 In 6M21 : R $ 2,350 million , 78 % up from 6M20 SALES In 2Q21 : R $ 1,560 million , up 205 % from 2020 and 51 % higher than 1Q21 In 6M21 : R $ 2,591 million , 91 % up from 6M20 CYRE3 ( 08.12.2021 ) # of Shares : 399,742,799 Market Cap : R $ 7,432.5 million US $ 1,414.1 million GROSS MARGIN In 2Q21 : 36.6 % , 6.4 p.p. up vs. 2Q20 ( Pro forma ) and 2.0 p.p. higher vs 2Q21 In 6M21 : 35.6 % , 4.2 p.p. higher vs. 6M20 ( Pro forma ) NET INCOME In 2Q21 : R $ 267 million profit , vs. R $ 68 million profit in 2020 and R $ 192 million in 1Q21 In 6M21 : R $ 459 million profit , vs. R $ 96 million in 6M20 Conference Call on The 2Q21 Results Portuguese ( with simultaneous interpretation ) August 13 , 2021 11:00 a.m. ( Brasília time ) 10:00 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 ) 39.3 % CASH GENERATION In 2Q21 : Cash generation of R $ 87 million vs. cash burn of R $ 61 million in 2Q20 ( Pro Forma ) and cash generation of R $ 70 million in 2Q21 IR Contacts : Phone number : ( 55 11 ) 4502-3153 ri@cyrela.com.br Visit our IR Website at : http://ri.cyrela.com.br/ 1