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CYRELA Earnings Release - 3Q21 | 2021 Cyrela Reports Net Income of R $ 238 million and Cash Generation of R $ 177 Million in the quarter São Paulo , November 11 , 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 third quarter of 2021 ( 3Q21 and 9M21 ) . 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 second quarter of 2021 . LAUNCHES In 3Q21 : R $ 2,200 million , up 33 % from 3Q20 and 14 % higher than 2Q21 In 9M21 : R $ 4,550 million , 53 % up from 9M20 SALES In 3Q21 : R $ 1,366 million , down 20 % from 3Q20 and 13 % lower than 2021 In 9M21 : R $ 3,956 million , 29 % up from 9M20 CYRE3 ( 11.11.2021 ) # of Shares : 399,742,799 Market Cap : R $ 6,371.2 million US $ 1,179.0 million GROSS MARGIN In 3Q21 : 34.7 % , 2.1 p.p. up vs. 3Q20 and 1.9 p.p. down vs 2Q21 In 9M21 : 35.3 % , 3.3 p.p. higher vs. 9M20 ( Pro forma ) NET INCOME In 3Q21 : R $ 238 million profit , vs. R $ 1,403 million profit in 3Q20 and R $ 267 million in 2Q21 In 9M21 : R $ 697 million profit , vs. R $ 1,499 million in 9M20 Conference Call on The 3Q21 Results Portuguese ( with simultaneous interpretation ) November 12 , 2021 11:00 a.m. ( Brasília time ) 09:00 a.m. ( US EST ) +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 ) 15.4 % CASH GENERATION In 3Q21 : Cash generation of R $ 177 million vs. cash burn of R $ 745 million in 3Q20 and cash generation of R $ 87 million in 2021 IR Contacts : Phone number : ( 55 11 ) 4502-3153 ri@cyrela.com.br Visit our IR Website at : http://ri.cyrela.com.br/ 1