Vinte Announces First Quarter 2021 Results

Mexico City, Mexico, April 27th, 2021 – Vinte Viviendas Integrales S.A.B. de C.V. (“Vinte”) (BMV: VINTE), a leading home builder in the development and commercialization of sustainable homes in Mexico, announced its earnings results for the first quarter 2021. The figures in this report are expressed in nominal Mexican pesos, are based on internal and non-audited financial statements, prepared in accordance with IFRS and current interpretations, and may include minor differences due to rounding.

Highlights:

• With pre-sales growth of 26.1% and a positive outlook for 2021, Vinte is accelerating its investment plan by 14.0% to approximately Ps. 3.250 billion for 2021 (from Ps. 2.850 billion invested in 2020).
• Vinte achieved 13.7% growth in total revenues in 1Q21 to reach Ps. 782.9 million, demonstrating the resilience of the business model and its defensive position even in the current complex environment. Vinte generated record revenue for a first quarter after boosting its investments in the second half of 2020.
• Due to the global pandemic, housing construction processes were halted (in the country and therefore in Vinte) for several months in 2020; in Vinte we decided to keep the construction workers hired despite the cost involved (whose impact on margins has been recognized when deeding the homes that were under construction during those months, some of which were already deeded in 2020 and the rest are being deeded in 2021). As of July 2020, production recovered efficiently and with the same quality.
• EBITDA generated by Vinte for 1Q21 was positive Ps. 125 million, 1.4% lower than 1Q20.
• Vinte reduced gross debt by 7.4% and net debt by 25.0% compared to March 2020. In addition, the average maturity of debt was increased to 5.3 years, due to the early amortization of VINTE 17 at the beginning of 2021.
• Vinte increased its cash level by 62% as of March 2021 (compared to 12 months ago) to ensure investment momentum in 2021 given the Company’s positive pre-sales outlook.
• In 2020, Vinte generated operating cash flow of Ps. 288 million, the highest in the Company’s history. During 1Q21, operating cash flow was negative Ps. 10 million, which represents a significant improvement compared to the same period last year (negative cash flow of Ps. 247 million in 1Q20).
• Vinte paid a cash dividend of Ps. 0.463 per share for up to Ps. 100 million, which was paid in a single instalment during February. The approval of an additional cash dividend for the same amount, payable between May and July of this year, will be sought at the Annual Shareholders’ Meeting on April 30^th, 2021.

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Investor Relations Contact Details

Tel: +52 (55) 5010 7360

CFO: domingo.valdes@vinte.com

Finance: gonzalo.pizzuto@vinte.com

Website: https://vinte.com

Forward Looking Statements

“This document contains certain statements related to the comprehensive overview of Vinte Viviendas Integrales (VINTE) regarding its activities to the present day. The information included in this document is a summary of information regarding VINTE which is not intended to cover all related information about VINTE. The information contained in this document has not been included to provide specific advice to investors. The statements contained herein reflect the current views of VINTE with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause future results, performance or achievements of VINTE to differ from those expressed or implied by such forward looking statements, including, among others, economic or political changes and global business conditions, changes in exchange rates, the overall state of the industry, changes in housing demand, raw material costs, etc. If one or more of these risks occur, or should the underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. VINTE does not intend nor assume any obligation to update the statements presented in this document.”

About Vinte

Vinte is a sustainable, vertically integrated Mexican home builder with a clear focus on profitability. For more than 17 years it has been dedicated to developing sustainable residential complexes for low- and middle-income families, focused on improving their quality of life, a commitment for which it has received multiple national and international awards. Vinte has developed over 47,000 homes across six Mexican states, primarily in the center of the country, achieving a high level of loyalty amongst its clients and extensive brand recognition in the markets in which it operates. Vinte’s highly qualified management team has over 28 years of experience in the Mexican housing sector.