Contate RI:

A. Emílio C. Fugazza

Hugo G. B. Soares

Pedro Tadeu T. Lourenço

Rodrigo Sousa

Giovanna Dias

Tel.: +55 (11) 5056-8313

ri@eztec.com.br

www.eztec.com.br/ri

Contate RI:

A. Emílio C. Fugazza

Hugo G. B. Soares

Pedro Tadeu T. Lourenço

Rodrigo Sousa

Giovanna Dias

Tel.: +55 (11) 5056-8313

ri@eztec.com.br

www.eztec.com.br/ri

ON (B3: EZTC3)

Cotação: R$39,21

No. de ações: 227.000.000

Valor de mercado: R$8.901 MM

Data de fechamento: 15/01/2021

2 2

Fit Casa

Estação José Bonifácio Localização: Av. Nagib

Farah Maluf/SP Segmento: Residencial

Padrão: Padrão Econômico VGV EZTEC: R$135,1 MM

% Área vendida: 13%*

Unids. vendidas: 116*/894

Unids. vendidas: 49*/322

Signature by Ott

Localização: Av, Armando

Ferrentini/SP Segmento: Residencial

Padrão: Alto Padrão VGV EZTEC: R$97,3 MM

% Área vendida: 23%* Unids. vendidas: 24*/104

Meu Mundo

Estação Mooca Localização: Av. Presidente

Wilson/SP Segmento: Residencial

Padrão: Padrão Econômico VGV EZTEC: R$77,5 MM

Área vendida: 7%* Unids. vendidas: 56*/774

Eredità

Parque da Mooca Localização: Rua Barão de

Monte Santo/SP Segmento: Residencial

Padrão: Médio-Alto VGV EZTEC: R$70,9 MM

Área vendida: 0%* Unids. vendidas: 1*/136

934564

206381

4T19 1T20 2T20 3T20 4T20

VGV Lançado

% EZTEC (R$ MM)

Aquisição de Participação

184 293828

1898

1151650

943

2016 2017 2018 2019 2020

Lançamentos Acumulados

% EZTEC (R$ MM)

EZ Towers

3 3

4 4

76 216605

1.5601.193650

866

2016 2017 2018 2019 2020

Vendas Líquidas Acumuladas

% EZTEC (R$ MM)

EZ Towers

540 454124

333 282

4T19 1T20 2T20 3T20 4T20

Vendas Líquidas

% EZTEC (R$ MM)

5 5

•

•

•

•

47 0

47

1

138

29

85

4

317

35

Vendas Brutas 4T20 Distratos 4T20

Vendas e Distratos por Status (R$ MM)

Lançamento Stand Em Obras Performado

588 548 574 617695 680 681

802

932

1.193

1.393

1.653

1.806

1.559 1.559

1.302

530 477 421 400 368 313 259 197 144 112 89 88 88 88 106 118

1.392

1.296 1.307 1.280 1.443 1.433 1.4961.914

2.276

2.7693.014 3.178

3.4373.024 3.119

2.897

1.606

1.4191.191 1.032 899 740 610

463 339

268 206 192 194 191 224 235

1T17 2T17 3T17 4T17 1T18 2T18 3T18 4T18 1T19 2T19 3T19 4T19 1T20 2T20 3T20 4T20

Vendas e Distratos Acumulados - 12 meses (R$ MM)

Vendas Brutas 12M (R$ MM) Distratos 12M (R$ MM)

Vendas Brutas 12M (unid.) Distratos 12M (unid.)

6 6

23%

2%

6%

35%

34%

Vendas Brutas por Ano de

Lançamento

(% do VGV próprio)

R$ 1310 MM

12%

9%

17%

43%

19%

Distratos por Ano de Lançamento

(% do VGV próprio)

R$ 118 MM

10%

40%

25%

22%

2%

Vendas Brutas por Padrão

(% do VGV Próprio)

R$ 1310 MM

6%

46%

23%

25%

1%

Distratos por Padrão

(% do VGV próprio)

R$ 118 MM

7 7

Contate RI:

A. Emílio C. Fugazza

Hugo G. B. Soares

Pedro Tadeu T. Lourenço

Rodrigo Sousa

Giovanna Dias

Tel.: +55 (11) 5056-8313

ri@eztec.com.br

www.eztec.com.br/ri

Contate RI:

A. Emílio C. Fugazza

Hugo G. B. Soares

Pedro Tadeu T. Lourenço

Rodrigo Sousa

Giovanna Dias

Tel.: +55 (11) 5056-8313

ri@eztec.com.br

www.eztec.com.br/ri

x

Conference Call

in English

March 26th, 2021

Conference Call

In Portuguese

March 26th, 2021

EZTEC S.A. ON (B3: EZTC3)

Closing Price: R$39.21

# shares: 227,000,000

Market Cap: R$8,901 MN

Date: 01/15/2021

Preliminary Operational Results

4Q20

Contact IR:

A. Emílio C. Fugazza

Hugo G. B. Soares

Pedro Tadeu T. Lourenço

Giovanna Dias

Tel.: +55 (11) 5056-8313 ri.eztec.com.br/en/

2 2

Launches

In the last month of the fourth quarter of 2020 the Company launched 4 new projects, in chronological order: [i] Fit Casa Estação José Bonifácio, has units of economic standard ranging from 26 to 36 m2; [2] Signature by Ott, a high-standard residential tower, project 50% EZTEC with measurements ranging from 120 to 176 m²; [iii] Meu Mundo Estação Mooca, another 50% project of economic units with areas from 24 to 36 m²; and in the last weeks of 20202, [iv] Eredità Parque da Mooca, a 50% EZTEC of middle-high units with areas from 92 to 130 m².

4Q20 Launches

São Paulo, January 15th, 2021 - EZTEC S.A. (BOVESPA: EZTC3; Bloomberg; EZTC3:BZ), announces the preview of the operating results for the

fourth quarter of 2020 (4Q20). The results presented here are managerial and are subject to external audit review. The 4Q20 results are

scheduled to be released on March 25th, 2021, after the close of the market.

Net sales and launches in 2020 reach R$1.2 billion

Gross sales in the second semester are 11% superior to the first semester in 2020

*Update data on January 15th

Fit Casa

Estação José Bonifácio Location: Av. Nagib

Farah Maluf/SP Segmentation: Residential

Standard: Low-End EZTEC’s PSV: R$135.1 MN

% sold area: 13%*

Units sold: 116*/894

Signature by Ott

Location: Av, Armando

Ferrentini/SP Segmentation: Residential

Standard: High-End EZTEC’s PSV: R$97.3 MN

% sold area: 23%*

Units sold: 24*/104

Meu Mundo

Estação Mooca Location: Av. Presidente

Wilson/SP Segmentation: Residential

Standard: Low-End EZTEC’s PSV: R$77.5 MN

% sold area: 7%*

Units sold: 56*/774

934564

206 381

4Q19 1Q20 2Q20 3Q20 4Q20

Launched PSV

% EZTEC (R$ MN)

Stake Acquisition

184 293

828

1898

1151650

943

2016 2017 2018 2019 2020

Cumulative Launched PSV

% EZTEC (R$ MN)

EZ Towers

Eredità

Parque da Mooca Location: St. Barão de

Monte Santo/SP Segmentation: Residential

Standard: Middle-High EZTEC’s PSV: R$70.9 MN

% sold area: 0%*

Units sold: 1*/774

3 3

It is worth mentioning that Eredità Parque da Mooca project obtained it’s incorporation register by the end of December 23rd ,2020 has only realized intern sale. Because of that a bigger sales volume will only start to occur in January of 2021 and, with this increase in sales, the Notice to Market of this launch should be released.

2020 Launches The Company concludes 2020 having launched the following projects:

Project Actual

% EZ

Launch

Quarter

Conclusion

Expectation Region Standard

# Units

Launch

Total PSV

100% (R$ MN)

PSV EZTEC

(R$ MN)

Fit Casa Alto do Ipiranga 100% 1Q20 Nov/22 South Zone Economic 370 80.9 80.9

Air Brooklin 100% 1Q20 Dec/23 South Zone Smart-living 663 364.6 364.6

Z. Ibirapuera 100% 1Q20 Jan/23 South Zone Smart-living 174 118.6 118.6

Total 1Q20 (3) 1,207 564.1 564.1

Gran Maia Giardino 100% 3Q20 Sep/23 Guarulhos Middle 322 101.6 101.6

Gran Maia Piazza 100% 3Q20 Sep/23 Guarulhos Middle 192 104.2 104.2

Total 3Q20 (2) 514 205.8 205.8

Fit Casa Estação José Bonifácio 100% 4Q20 Nov/23 East Zone Economic 894 135.1 135.1

Signature by Ott 50% 4Q20 Apr/24 South Zone High 104 194.5 97.3

Meu Mundo Estação Mooca 50% 4Q20 Oct/23 East Zone Economic 774 155.1 77.5

Eredità Parque da Mooca 50% 4Q20 Nov/23 East Zone Middle-High 136 141.8 70.9

Total 4Q20 (4) 1,908 626.5 380.8

Total 2020 (9) 3,629 1,396.4 1,150.7

4 4

Launching Guidance

At the beginning of 4Q20 EZTEC emitted a Material Fact announcing the guidance for 2020/2021 biennium, with an expectation to launch R$4 billions to R$4.5 billions in PSV, considering only residential launches. By the end of 2020 EZTEC launched R$1.2 billion, this implies an expectation of R$2.8 billion to R$3.3 billion in launches in 2021.

Salles and Cancellations In 4Q20 net sales were R$282.3 million decomposed in R$317.2 million in gross sales, and cancellations of R$34.9 million. With this result, the Company ended 2020 with R$1.193 million in net sales.

All 4 projects in this quarter were launched at the end of the period, because of that none of them had more than 1 month of continued sales before the start of EZTEC’s collective vacations, which extended to the administrative and sales teams. Thus, taking into account the launching dates the Company had a narrow period for them to have a greater impact on sales. In addition to the aforementioned, for launches within the Casa Verde Amarela (CVA) program, formerly Minha Casa Minha Vida, it is to be expected that the sales curve will not be accentuated at the start, but more linear over time. This is because at EZTEC these sales are only accounted for once it is made official the transferred, which involves a bureaucratic procedure for the approval of each customer's credit with CEF. See the case of Fit Casa Brás, for example, which sold only 7% of its units in the month of launch, but which sustained around 10% of sales per quarter over the subsequent 6 quarters. Outside CVA, the Company also understands that, at times, there is no urgency to maximize sales in the short term when, later on, there is a visible perspective of price growth to be realized. This perception causes the Company to contain excessive advertising efforts in strategic assets. Also, it makes the Company realize opportunities regarding cancellations in projects such as EZ Parque da Cidade, Pátrio Ibirapuera, and Air Brooklin, which together accounted for 48% of the quarter. These projects were successful sales, with more than 70% of the units sold today, where the list price has already advanced well beyond the original price of the canceled units.

The year brought some solutions for financing and reduced the interest rates that helped to mitigate the impact of the pandemic on sales performance. The new modality linked to savings by Itaú and Bradesco, offering rates of 3.99% + savings + TR subject to a generous 90% LTV is exciting, especially for the middle income, as it implies a first installment leaner, which in turn pushes the customer to larger apartments that are more in line with their aspirations. For example, a family with a monthly income of R$11 thousand could already buy an apartment of ~ R$300 thousand with a rate of 7% + TR; and you can buy one of ~R$350 thousand given the same income commitment. Meanwhile, the high-income clients were more proactive, since the low-interest scenario allowed a migration of capital allocated in investments from fixed income to the real economy in search of better ways of profitability. This scenario favored throughout the year sales of projects such as Air Brooklin, EZ Parque da Cidade, Signature by Ott, Z Ibirapuera, and others where the expectation of profitability is more prominent.

76 216

605

1.5601.193650

866

2016 2017 2018 2019 2020

Cumulative Net Sales

% EZTEC (R$ MN)

EZ Towers

540 454124

333 282

4Q19 1Q20 2Q20 3Q20 4Q20

Net Sales

% EZTEC (R$ MN)

5 5

It’s worth noting that the former ‘launches’ category status was subdivided into Launches 4Q20 and Stand. This segmentation is based on the assumptions below (accompanied by examples of the quarter’s commercial highlights):

• Launches 4Q20: launched in the quarter; (Signature by Ott, Fit Casa Estação José Bonifácio, Meu Mundo Estação Mooca and Eredità Parque da Mooca)

• Stand: projects launched in prior quarters but whose construction is yet to be started, or that was started in the

quarter; (Gran Maia Giardino, Pin Internacional and Gran Maia Piazza)

• In Construction: projects whose construction has started; (EZ Parque da Cidade, Jardins do Brasil - JB Reserve, Air Brooklin, Fit Casa Alto do Ipiranga, Fit Casa Brás, etc.)

• Ready units: completed projects with proper housing permit issued.

(Up Home Vila Mascote, Splendor Brooklin, Cidade Maia - Botânica, Verace Brooklin, Ciadde Maia - Reserva, etc.)

Guided by the transparency and continuity, the graph below discloses gross sales and cancellation figures, accumulated over 12 months, where one can observe cancellations at a contained level, against escalating gross sales, allowing for an increasing spread in net sales:

548 574 617695 680 681

802932

1.193

1.393

1.653

1.806

1.559 1.559

1.302

477 421 400 368 313 259 197 144 112 89 88 88 88 106 118

1.296 1.307

1.280 1.443 1.433 1.4961.914

2.276

2.7693.014 3.178

3.4373.024 3.119

2.897

1.4191.191

1.032 899 740 610 463

339 268

206 192 194 191 224 235

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20

Sales and Cancellations - LTM (R$ MN)

Gross Sales 12M (R$ MN) Cancellations 12M (R$ MN)

Gross Sales 12M (unit) Cancellations 12M (unit)

47

1

138

29

85

4

317

35

Gross Sales 4Q20 Cancellations 4Q20

Gross Sales and Cancellations per Status (% EZTEC R$ MN)

Launches 4Q20 Stand In Construction Ready Units

6 6

The following chart shows the sales oversupply calculations, weighted by EZTEC’s participation, highlighting the liquidity of the projects originated by the Company:

Managerial Data (4Q20)

SALES OVER SUPPLY 3Q20 3Q19 9M20 9M19

+ Initial Inventory (m²) 205.548 248.559 863.940 857.120

+ Launches in the period (m²) 30.642 40.681 99.128 213.798

Launches in the period (m²) 30.621 40.681 99.086 201.733

Stake Acquisitions (m²) 21 0 42 12.066

= Inventory + Launches (m²) 236.190 289.240 963.068 1.070.918

- Net Sales in the period (m²) 40.871 56.897 146.381 184.277

Gross Sales in the period (m²) 45.365 59.884 160.894 196.622

Cancellations in the period (m²) -4.494 -2.987 -14.513 -12.345

= Final Inventory (m²) 195.319 232.343 816.687 886.641

Net Sales Over Supply (%) 17,3% 19,7% 15,2% 17,2%

Gross Sales Over Supply (%) 19,2% 20,7% 16,7% 18,4%

42%

25%

1%

21%2%

Gross Sales by Standard

(% of EZTEC's PSV)

R$ 1310 MN

6%

46%

23%

25%

1%

Cancellations by Standard

(% of EZTEC's PSV)

Low-End Middle-End Smart Living Middle High-End High-End

R$ 118 MN

23%

2%

6%

35%

34%

Gross Sales by Year of Launch

(% of EZTEC's PSV)

R$ 1310 MN

12%

9%

17%

43%

19%

Cancellations by Year of Launch

(% of EZTEC's PSV)

Until 2016 2017 2018 2019 2020

R$ 118 MN

7 7

Delivered (9M20)

The 4Q20 delivered one project, Clima São Francisco. The projects totaled 451 units and a PSV of R$ 329.6 million, as explained in the table below:

EZ Incorporações Comerciais (EZ Inc)

In December, CVM granted EZ Inc the registration of Publicly Held Company category “A”. This registration brings with it new obligations and allows greater flexibility in terms of the bureaucracy involved in an eventual registration of going public. Today, the company is analyzing the suspended offer and can be refunded at any time within the period of 90 business days from the request for suspension. It should be noted that EZ Inc continues to develop its projects, having started work on the commercial project Air Brooklin in 4Q20. Thus, the company started to have two projects under construction at the end of the quarter - Esther Towers and Air Brooklin.

Project Delivered

EZTEC Participation

Period Region Segment # units

released PSV 100% (R$ MN)

EZTEC’s PSV (R$ MN)

Up Home Vila Mascote 100,00% 1Q20 South Zone Residential 129 61.3 61.3

Legittimo Vila Romana 100,00% 1Q20 West Zone Residential 54 49.5 49.5

Total 1Q20 183 110.8 110.8

In Design Liberdade 100,00% 3Q20 South Zone Residential 114 67.8 67.8

Verace Brooklin 100,00% 3Q20 South Zone Residential 48 82.3 82.3

Total 3Q20 162 150.1 150.1

Clima São Francisco 100,00% 4Q20 West Zone Residential 106 68.7 82.3

Total 4Q20 106 68.7 82.3

Total 2020 451 329.6 329.6

Contate RI:

A. Emilio C. Fugazza

Hugo Grassi B. Soares

Pedro Tadeu T. Lourenço

Giovanna Dias

ri@eztec.com.br

Tel.: (55) (11) 5056-8313