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RODOBENS ANNOUNCES 3Q17 RESULTS

São José do Rio Preto, November 9, 2017: Rodobens Negócios Imobiliários S.A. (BM&FBovespa: RDNI3, Bloomberg RDNI3:BZ), announces its results for the third quarter of 2017 (3Q17).

HIGHLIGHTS

  • Strong Cash Generation: R$139 million in 9M17, corresponding to 60% of the Company‘s market capitalization;

  • Debt Amortization: R$320 million in 9M17, as follows: i) Corporate debt: R$25 million in 3Q17 and R$108 million in 9M17; and ii) Production debt: R$57 million in 3Q17 and R$213 million in 9M17;
  • Net Debt/Equity ratio: 39% in 3Q17, down 14.1 p.p. from 4Q16;

  • Efficient Cost Management: Reductions of 31% in selling expenses and 23% in general and administrative expenses in 9M17 vs 9M16, excluding non-recurring restructuring costs;

  • Total Sales: R$53 million in 3Q17 and R$57 million in 2Q17;

  • Reduction in Cancellations: Cancellations corresponded to 39% of gross sales in 3Q17, the lowest percentage of the last 9 quarters;

  • Inventory Reduction: R$424 million in 3Q17, down 29% (R$174 million) from 4Q16;

Click here to access the Earnings Release

This document is also available on our IR website: www.rodobens.com.br/ir and www.cvm.gov.br

Conference call in Portuguese and Webcast (with simultaneous translation into English)
November 10th, 08:00 am EDT
Brazil: + 55 (11) 3127-4971 or +55 (11) 3728-5971
USA and Other Countries: (+1) 516-300-1066
Code: Rodobens

Slides and Webcast: The presentation slides will be available for reading and download from our investor relations website. The audio of the conference call will be transmitted live at our IR website.

Replay: The recorded audio of the teleconference will be available for replay from November 10th through November 17th. For access, please dial +55 (11) 3127-4999, and type the conference code for the replay in English: 18275301 or Portuguese: 79247285 or access our IR website at www.rodobens.com/ir.

*Base on the Company‘s market capitalization of R$230 million on November 6, 2017.

Contact Details:
Investor Relations
E-mail: rni.ri@rodobensimoveis.com.br
Phone: 55 (11) 2505-7677
www.rodobens.com/ir