Q4 2024 Tecnisa SA Earnings Call Transcript
Key Points
- Tecnisa SA (BSP:TCSA3) achieved a 58% increase in gross sales over the year 2023.
- The company reported a significant cash generation of BRL95 million in 2024, a turnaround from a negative cash generation of BRL256 million in 2023.
- Tecnisa SA (BSP:TCSA3) successfully launched projects with a PSV of BRL1.6 billion in Jardim das Perdizes, meeting their guidance.
- The company has a robust landbank valued at BRL5.1 billion, with BRL2.8 billion attributed to Tecnisa's share.
- Administrative expenses were reduced by 7% in 2024, following a significant reduction in 2023.
- Tecnisa SA (BSP:TCSA3) faced a situation where a land was taken by the government, resulting in a BRL20 million impact.
- Despite improvements, the company still has a net debt of BRL555 million.
- Inventory levels remain high at BRL716 million, with a significant portion still under construction.
- The company's net results were impacted by external factors, including government land acquisition.
- Tecnisa SA (BSP:TCSA3) has a significant portion of its inventory concentrated in Sao Paulo, limiting geographic diversification.
Good morning. Welcome to the conference call for the earnings release presentation of the fourth-quarter of 2024 of Tecnisa. We have Mr. Fernando Perez, who is Chief Executive Officer; and Anderson Hiraoka, who is CFO and Investor Relations Officer of the company. We have also Leonardo Furlan, who is the Executive Financial Manager. The results are presented in our web. And if you need support, please let us know, we are going to have a Q&A session later.
I would like now to turn it over to Mr. Fernando Perez, who will start the presentation.
Thank you, Leonardo. Good morning, everyone. We are going to share with you some information today. I hope can everyone see the presentation? Good. Wonderful. So let's start it. We always have our presentation into three elements; strategy. And then Anderson, our CFO, is going to talk about operational performance and financial and economic performance. Well, our five strategic drivers are the following; continuity of
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