HBR Realty Empreendimentos Imobiliários S A : 4Q22 Presentation

E AR N I N G S R E L E AS E

P R E S E N TAT I O N

4Q22

Hotel W São Paulo

• This presentation may contain certain statements that express expectations, beliefs and management forecasts of HBR Realty about future events or results. Such statements are not historical facts, being based on information related to the real estate market, and economic and financial information available so far and on projections related to the market in which HBR Realty is located.
• Factors that may affect HBR Realty's operational and economic and financial performance include but are not limited to: (i) macroeconomic situation (ii) risks associated with real estate activity; (iii) lack of funding to meet our activities and needs; (iv) possible problems of delays and failures in our real estate developments; (v) success of our partnerships; (vi) competitiveness of the real estate sector; (vii) changes in the legislation regulating the sector.
• This presentation was based on information and data available on the date it was made and HBR Realty is not obliging to update it based on new information and/or future events.
• The information expressed in this report should be evaluated by following the Financial Statements and their respective explanatory notes. Operating data and managerial information, including EBITDA calculation, Adjusted EBITDA, were adjusted to reflect the effects of unconsolidated ventures by the Company, adjusted to the participation in each enterprise. Such information was not reviewed by the independent auditors. All IFRS information was extracted directly from the Company's audited Financial Statements and followed international financial reporting standards and standards (IFRS).

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Hotel W São Paulo

H I G H L I G H T S

The Company's strategy is focused on the real estate development of urban properties, organized into 4 main business platforms that encompass the developed and under development asset classes:

Performance 4Q22

• Net Revenue growing 17.3% in 4Q22 vs 4Q21 with R$36 million and 32.3% in 2022 reaching R$137 million vs 2021;
• NOI growth of 22.6% in 4Q22 vs 4Q21 with R$30 million and R$111 million in 2022 increase of 35.3% vs 2021;
• Adjusted EBITDA increase of 50.3% in 4Q22 vs 4Q21 with R$24 million and R$77 million with growth of 47% vs 2021.

HBR Malls

• Sales growth of 35% in 2022 vs. 2021;
• Stability in 4Q22 of high occupancy rate at 93%.

ComVem

• Increase in net revenue by 39.9% in 2022 vs 2021;
• Total Sales reached R$47 million in 4Q22 with 13% growth vs 3Q22.

HBR Opportunities

• Hilton Garden Inn´s RevPar at 43% higher than expected on its first year, with high occupancy levels reaching nearly 90%;
• +Box Self-Storage with growth of 18% in Gross Revenue in 2022 vs 2021.

New Developments

• The 3A Pinheiros construction have already reached 29% progress and delivery is estimated for 1Q24;
• Hotel W SP ended the quarter with 71%

of construction concluded.

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O P E R AT I O N A L D ATA

4 Q 2 2

Hotel W São Paulo

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• Total of 28 assets with more than 32 thousand GLA in operation and 36 assets under development with more than 79 thousand GLA;
• Delivery of ComVem Olinda - PE and acquisition of ComVem Brascan Open Mall, Itaim Bibi - SP;
• 13% growth in Total Sales in 4Q22 vs 3Q22;
• 9 store openings in 4Q22 with brands such as Dermarey, Cacau Show, Kopenhagen, Oxxo,

	ADCOS, among others.																	ComVem Patteo São Paulo
			Occupancy %							Sales				Total GLA in operation - sqm
						R$ million		+13%
																			31,993
									+17%
86	86	87	86	84					27,696	27,696	27,696	28,105	3,975³	+16%
								409²
												5,399¹
					39.5	41.5	46.2	47.0

4Q21	1Q22	2Q22	3Q22	4Q22	3Q22		4T22
		Total Occupancy %					SSS		Totals

4Q21	1Q22	2Q22	3Q22	4Q22
¹Included ComVems Santo Amaro, Barra Funda, Santana and Wide;
²Included ComVem Ecoville in Curitiba; and			5
3Included ComVem Olinda and acquisition of ComVem Brascan Open Mall.