1. IV Brazil Construction &
Mortgage Field Trip
August/09

2. AGENDA
• WHO WE ARE
– GRUPO CAMARGO CORREA
– OWNERSHIP STRUCTURE
• WHAT WE DO
– RESIDENTIAL
• LOW INCOME
• OTHER INCOME – “TRADITIONAL”
– COMMERCIAL
– CAIEIRAS
• WHERE WE DO
• HOW WE DO
– STRATEGY
– CAPITAL DISCIPLINE
• RESULTS

3. WHO WE ARE

4. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
Part of GRUPO CAMARGO CORRÊA, CCDI
develops RESIDENTIAL and COMMERCIAL real
estate on MAJOR BRAZILIAN MARKETS, with
DEFINED STRATEGY and STRICT CAPITAL
DISCIPLINE.
4

5. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
Part of GRUPO CAMARGO CORRÊA, CCDI
develops RESIDENTIAL and COMMERCIAL real
estate on MAJOR BRAZILIAN MARKETS, with
DEFINED STRATEGY and STRICT CAPITAL
DISCIPLINE.
5

6. GRUPO CAMARGO CORRÊA

8. GRUPO CAMARGO CORRÊA Publicly-traded
Companies
8

9. GRUPO CAMARGO CORRÊA
- 70-year track record
- National and International Presence:
- 54,400 employees in Brazil, the Americas, Africa and Europe
- Financial Soundness:
- Some numbers for Dec. 31, 2008:
- Gross Revenues: R$15.4 Billion (+23.8% over 2007)
- Total Investments: R$1.8 Billion
- Result-oriented Culture, with Corporate Governance:
- Net Income, Consolidated: R$1.0 Billion
- CSC - Shared cost center to service all the Group’s companies
with back office activities on a “pay-per-use” basis
- Integrated systems and infrastructure – SAP fully implemented
- Footprint throughout Brazil
- Strong brand name recollection
9

10. OWNERSHIP
STRUCTURE

11. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
66%
100%
34%
Free
SPEs
Float
11

12. WHAT WE DO

13. SEGMENTS WE OPERATE IN
Leisure Commercial –
Commercial
- Retail Offices
Industrial
Built-to-Suit
Residential
– Low
Commercial Income
– Offices
Residential -
Traditional Residential -
Traditional
Residential –
FOCUS SEGMENTS Low Income
13

14. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
Part of GRUPO CAMARGO CORRÊA, CCDI
develops RESIDENTIAL and COMMERCIAL real
estate on MAJOR BRAZILIAN MARKETS, with
DEFINED STRATEGY and STRICT CAPITAL
DISCIPLINE.
14

15. RESIDENTIAL
Forte do Golf Passeio de Itanhatim Araucária Cond. Clube

16. RESIDENTIAL REAL ESTATE – BUSINESS MODELS
• Units > R$120,000
• Pure developer (construction is
outsourced)
• Third-party sales force
• Longer operational cycle
• SP, RJ, MG, PR, ES
• Units < R$120,000
• Fully integrated activities
(development,
construction and sales)
• Shorter development cycle
• SP (country-side)
16

17. HM ENGENHARIA
LOW INCOME SEGMENT
Brisa da Mata Parque Campinas Bela Vista Casas

18. HM ENGENHARIA – LOW INCOME SEGMENT
LOW INCOME PREREQUISITES HM ENGENHARIA’S ABILITIES
Over 130,000 units built and developed on
Scale 30+ years of experience in the Low Income
Segment
Integrated Business Model HM develops, builds and sells
HM’s average price per unit is under
Price Sensitiveness
R$80,000
Focus on Cost-Effectiveness Gross Margins on the upper 20% range
Product Standardization Standardized Products with “HM” quality
Good Relationship with CEF Largest operator of “PAR” projects
18

19. HM ENGENHARIA – LOW INCOME SEGMENT
Minha
CCDI Acquisition Casa,
acquisition of the Minha
of 26% remaining Vida
19%
98,7 101,4
CCDI 86,3
CCDI 82,4
acquisition
expands
of 51%
stake to
81%
65,4
37,5
30,0 32,2 32,0
25,8
18,8
8,6
2,6 0,0
4Q07 1Q08 2Q08 3Q08 4Q08 1T09 2T09
LAUNCHINGS (R$MM) SALES (R$MM)
19

20. HM ENGENHARIA – LOW INCOME SEGMENT
Houses
Quinta das Laranjeiras Bela Vista Casas Parque Cosmópolis
Apartments
Praças de Sumaré Araucária Condomínio Clube Bela Vista Varandas
20

21. HM ENGENHARIA – LOW INCOME SEGMENT
LAUNCHINGS FOR “MINHA CASA, MINHA VIDA”
Parque Cosmópolis
Working Capital financing through Housing Program - first such contract signed in Brazil
by CEF
2Q09 Launchings:
Location: Campinas Location: Campinas
Nº of units: 784 Nº of units: 519
Total PSV: R$ 56,2 million Total PSV: R$ 42,2 million
Total land area: 246,600 m² Total land area: 82,188 m²
Units size: 41 m² Units size: 49 m² and 64 m²
21

22. CCDI
OTHER SEGMENTS
Interclube Cores Jardim Sul Vista Pacaembu Acqua Clube BH

23. TRADITIONAL REAL ESTATE RATIONALE
HIGH INCOME DEVELOPMENT CCDI’S SKILLS
State of art development Focus on customers
Different concepts and technology Different segments, different products
CCDI Hires construction companies at
“Pure Developer”
“Maximum Guaranteed Prices”
CCDI teams up with specialized partners for
Opportunistic Approach
local knowledge and sales networking
Re-urbanization of large areas cutting edge
Sustainability Concerns
sustainability concepts
“Camargo Corrêa” is recognized throughout
Brand Name Brazil for execution capability and financial
soundness 23

24. ECONOMIC SEGMENT (UNITS FROM R$100K TO R$ 200K)
Project Innova
Location Osasco, SP
Launched Dec, 07
Total units 2,535
% sold as of June 30, 2009 94%
Project Cores Jardim Sul
Location Jardim Sul - São Paulo, SP
Launched May, 08
Total units 602
% sold as of June 30, 2009 95%
Project Interclube
Location Interlagos – São Paulo, SP
Launched Jan, 08
Total units 876
% sold as of June 30, 2009 91%
24

25. MEDIUM SEGMENT (UNITS FROM R$200K TO R$350K)
Project Eco’s Natureza Clube
Location Taboão da Serra, SP
Launched Dec, 07
Total units 569
% sold as of June 30, 2009 65%
Project Admira Icaraí
Location Niterói, RJ
Launched Sep, 08
Total units 318
% sold as of June 30, 2009 52%
Project Aqua Clube Residencial
Location Belo Horizonte, MG
Launched Sep, 08
Total units 384
% sold as of June 30, 2009 67%
25

26. MID-HIGH SEGMENT (UNITS FROM R$350K TO R$500K)
Project Fotografia
Location Jardim Sul - São Paulo, SP
Launched Jun, 07
Total units 108
% sold as of June 30, 2009 94%
Project Passarim
Location Jardim Sul - São Paulo, SP
Launched Dec, 06
Total units 108
% sold as of June 30, 2009 78%
Project Passeio de Itanhatim
Location Jardim Sul - São Paulo, SP
Launched Feb, 06
Total units 80
% sold as of June 30, 2009 78%
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27. HIGHER SEGMENTS (UNITS FROM R$500K)
Project ID Jardim Sul
Location Jardim Sul - São Paulo, SP
Launched Mar, 08
Total units 46
% sold as of June 30, 2009 46%
Project Vista Pacaembu
Location Pacaembu - São Paulo, SP
Launched Apr, 08
Total units 31
% sold as of June 30, 2009 87%
Project Jardins de Vila Rica
Location Santos, SP
Launched Nov, 07
Total units 44
% sold as of June 30, 2009 66%
27

28. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
Part of GRUPO CAMARGO CORRÊA, CCDI
develops RESIDENTIAL and COMMERCIAL real
estate on MAJOR BRAZILIAN MARKETS, with
DEFINED STRATEGY and STRICT CAPITAL
DISCIPLINE.
28

29. CCDI
COMMERCIAL REAL ESTATE
Ventura (Rio de Janeiro) Paulista (São Paulo) Vila Olímpia (São Paulo)

30. Launching: June/07
Estimated PSV: R$480.0 million
CCDI stake: 50%
Construction: started
Under negotiation for sale
30

31. PAULISTA Land : 12,500 m²
Construction Potential: ~50,000 m²
Project: Mixed-Use: Shopping +
AAA Office
CCDI stake: 50%
PSV (100%): R$450 MM
Shopping Center yards from Subway Station
(Green Line – Paulista; Trianon-Masp Station)
31

32. Location: Vila Olimpia, Sao Paulo
VIOL
PSV: R$1.0 billion (CCDI stake)
Land Bank: ~40,000 m²
Construction Potential: ~132,000 m²
Project under design/approval stages
32

33. SMALL OFFICES
Project in the Faria Lima region
Sold out
99 units
Project in Jardim Sul Region
Sold out
260 units
33

34. CAIEIRAS

35. CAIEIRAS
Acquisition terms:
5,207,600 m² (1.3 thousand acres) land located in Caieiras. São
Paulo Metropolitan Region. R$ 28 million in cash
19 km (11.8 miles) from downtown São Paulo Balance in financial swaps
Ample, easy, fast access (CPTM “A”-line train and major highways)
Potential Sales Volume: from R$ 2.5 billion to R$ 3.0 billion CPTM Station: “A” Line
Residential e commercial (support)
Approximately 45 minutes to “Luz” Station
20,000 units
Economy segment (units between R$ 70 thousand and R$ 200 thousand
each)
Caieiras
São Paulo

36. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
Part of GRUPO CAMARGO CORRÊA, CCDI
develops RESIDENTIAL and COMMERCIAL real
estate on MAJOR BRAZILIAN MARKETS, with
DEFINED STRATEGY and STRICT CAPITAL
DISCIPLINE.
36

37. WHERE WE DO

38. HM ENGENHARIA – LOW INCOME SEGMENT
Geographical focus for enhanced efficiency
São José do Rio Preto Barretos
Total Land Bank Ribeirão Preto
R$1.0BN Franca
Projects within a few miles from São Paulo
headquarters or regional offices
= Campinas
Improved Sumaré
• Operations Tracking Cosmópolis
• Control Hortolândia
• Logistics
38

39. CCDI – OTHER SEGMENTS
Operations focused on States that
combine for 65%* of Brazilian GDP
Total Land Bank
R$9.0BN** 2Q09 LAND BANK
By Location
Rio de Janeiro
1,6% Other States
8,30%
São Paulo
Shoreline
0,7%
São Paulo
53,2%
RMSP 36,3%
* Source – IBGE (2006) ** Does not Include HM’s Land Bank
39

40. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
Part of GRUPO CAMARGO CORRÊA, CCDI
develops RESIDENTIAL and COMMERCIAL real
estate on MAJOR BRAZILIAN MARKETS, with
DEFINED STRATEGY and STRICT CAPITAL
DISCIPLINE.
40

41. HOW WE DO

42. STRATEGY

43. STRATEGY
• Be among the leaders where we operate
• Rely on Camargo Corrêa’s backing for scalability and
networking
• Separate organizational structures for more focus on
segments we operate (low income, traditional residential
and commercial – AAA)
• Grow consistently, without jeopardizing the Company’s
financial structure
43

44. CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO
Part of GRUPO CAMARGO CORRÊA, CCDI
develops RESIDENTIAL and COMMERCIAL real
estate on MAJOR BRAZILIAN MARKETS, with
DEFINED STRATEGY and STRICT CAPITAL
DISCIPLINE.
44

45. CAPITAL DISCIPLINE

46. Capital Discipline
Acquisition of Lands Construction Receivables
in Swap Financing Transfer
Land Acquisition Through Swaps
Lower Capital Exposure per project
Lower Carrying costs; Project risks mitigated
Construction Financing
Leverage by project at competitive costs
Lower capital needs per project
Receivable Transfers
Transfer: 100% of the project account receivables at face value (zero discount)
No consumer risk after the delivery of keys
46

47. CONTACT INFORMATION
Leonardo de Paiva Rocha ri.ccdi@camargocorrea.com.br
CFO and IRO
Fernando Bergamin Access our webpage
Investors Relations www.ccdi.com.br/ri
Tel: (55 11) 3841-5880