2Q08 Conference Call

1. 3Q08 RESULTS
CONFERENCE CALL
November 6, 2008

2. 2
CONTRACTED SALES
CONTRACTED SALES CONSISTENT GROWTH
CONTRACTED SALES (R$MM)
315.6%
2007
2008 888.5
260.9%
200.3 213.8
55.5
3Q 9M

3. 3
3Q08 CONTRACTED SALES
CONTRACTED SALES BELO HORIZONTE LAUNCH REPRESENTS
SEGMENT % CCDI’S FIRST PROJECT OUT OF RIO AND
Units above SÃO PAULO
R$350K
Units between 26.6%
R$200K and
R$350K
27.0%
Commercial /
CONTRACTED SALES
small offices LOCATION %
3.3%
São Paulo
São Paulo
(Countryside)
(Shoreline)
São Paulo 20.5%
9.5%
(Metropolitan
Units untill Region)
R$100K 13.2% Minas Gerais
Units between
18.7% 5.6%
R$100K and R$
200K
24.3%
São Paulo
43% OF THE SALES IN THE ECONOMIC AND 51.2%
LOW INCOME SEGMENTS

4. 4
3Q08 CONTRACTED SALES
CONTRACTED SALES
DATE OF LAUNCH %
Launchings in
2007
Launchings in
36.5%
2006 or before
14.5% SALES OF REMAINING UNITS
WERE RELEVANT ON THE
CONTRACTED SALES TOTAL ON
THE PERIOD
Launchings in
3Q08
13.1%
Launchings in
1Q08 Launchings in
23.1% 2Q08
12.8%

5. 5
LAUNCHINGS
LAUNCHINGS 2008
(R$MM – CCDI’S SHARE)
365.0 788.6
LAUNCHINGS WERE
R$ 788.6 MILLION IN
144.2
THE 9M08 PLUS
R$81.0 MILLION IN
279.4 THE 4Q08
1Q08 2Q08 3Q08 9M08

6. 6
LAUNCHINGS
LAUNCHINGS 2008
Units between
R$200K and STRATEGIC
R$350K Units above
26.8% R$350K TRAJECTORY TO THE
21.5% ECONOMIC AND LOW
INCOME SEGMENT IS
SHOWN ON CCDI’S
LAUNCHED UNITS IN
2008
Units between
Units untill
R$100K and
R$100K
R$200K
19.5%
32.1%

7. 7
FINANCIAL PERFORMANCE
NET REVENUES (R$'000)
137,095
+215.4%
REVENUES IN EXPANSION COMPARING TO
THE PREVIOUS QUARTER
43,466 NET REVENUES (R$'000)
137,095
+31.8%
3Q07 3Q08 103,990
REVENUE IN EXPANSION COMPARING THE
3Q08 OVER 3Q07
2Q08 3Q08

8. 8
FINANCIAL PERFORMANCE
IN THE NINE-MONTHS
+269.6 %
PERIOD, CCDI’S NET
REVENUES ALMOST
TRIPLICATED COMPARING
TO THE SAME PERIOD OF
THE PREVIOUS YEAR

9. 9
FINANCIAL PERFORMANCE
GROSS INCOME (R$'000) GROSS INCOME (R$'000)
175,294
45,800
+274,3% +436.4%
12,237
32,683
3Q07 3Q08 9M07 9M08
GROSS MARGIN (%) GROSS MARGIN (%)
33.4 36.8
+5.2% pp. +11.5 pp.
25.3
28.2
3Q07 3Q08 9M07 9M08

10. 10
FINANCIAL PERFORMANCE
EBITDA (R$’000) EBITDA (R$'000)
22,628
+813.2% 95,352
+5,479.4%
2,477
1,709
3Q07 3Q08 9M07 9M08
EBITDA MARGIN (%) EBITDA MARGIN(%)
16.5
+10.8 pp. 20.0
+18.7 pp.
5.7
1.3
3Q07 3Q08 9M07 9M08

11. 11
FINANCIAL PERFORMANCE
NET INCOME (R$MM) NET INCOME (R$MM)
95.0
18.7
+149.3% +297.5%
7.5
23.9
3Q07 3Q08 9M07 Adjusted to IPO Expenses 9M08
NET MARGIN (%) NET MARGIN (%)
17.2
19.9
-3.6 pp. +1.4 pp.
13.6
18.5
3Q07 3Q08 9M07 Adjusted to IPO Expenses 9M08

12. 12
FINANCIAL PERFORMANCE
MARGIN OVER SALES TO RECOGNIZE (%)
REVENUES TO RECOGNIZE (R$MM)
28.5
787.8 -0.3 pp.
8.4% 28.2
726.6
222.1
206.9
26.4
286.4
519.7 565.7
75.7
210.7
3Q07 2Q08 3Q08 3Q07 2Q08 3Q08
Costs to Recognize Results to Recognize

13. 13
FINANCIAL PERFORMANCE