Vinte Announces Fourth Quarter 2021 Results

Mexico City, Mexico, February 24^th, 2022 – Vinte Viviendas Integrales S.A.B. de C.V. (BMV: VINTE), a leading home builder in the development and commercialization of sustainable homes in Mexico, announced its earnings results for the fourth quarter and full year of 2021. The figures in this report are expressed in nominal Mexican pesos and are based on internal non-audited financial statements, they were prepared in accordance with IFRS and current interpretations and may include minor differences due to rounding.

Highlights

• Vinte achieved a 29.3% total revenue growth in 4Q’21 and 13.9% in the full year, record levels in the history of the Company. EBITDA and Net Income for the period increased 32.7% and 30.9%, respectively compared to 4Q’20. For the full year EBITDA increased 10.9% and Net Income grew 8.2%, compared to the previous year.
• Vinte decreased its Net Debt / EBITDA leverage to 2.82x from 3.50x in 3Q’21, due to the increase in EBITDA, generation of operating cash flow, and a decrease in net debt.
• Net Debt decreased 11.6% compared to 3Q’21. The average debt maturity was 3.6 years. Also, 83% of Vinte’s debt was at a fixed rate and 75% was sustainable.
• In 4Q’21, operating cash flow was 440 million pesos, a quarterly record. Likewise, operating cash flow generated for the full year was 221 million pesos.
• Average price for the fourth quarter of 2021 was 1.1 million pesos, the first time it has been above 1 million pesos in the Company’s history.
• Vinte invested approximately 3,200 million pesos during 2021 in infrastructure, urbanization, acquisition of land reserves, and housing construction. These investments are expected to increase by 16% in 2022 given the solid fundamentals of the housing sector in Mexico.
• As part of the Company’s digital strategy focused on Proptech, Vinte:

• • Continued to strengthen its sales through digital media, making up 39% of Vinte’s total sales in 2021, which amounts to more than 5,000 houses in the first 5 years.
  • Achieved the first 190 down payments with 100% digital billing in 2021.
  • Made the first 3 strategic investments in Technology First companies in early 2022, including a technology platform focused on home rentals, a rent-to-own platform and a digital mortgage granting platform, with the objective of creating shared synergies.
  • Started Xante in 2022, Vinte’s own platform under the iBuying concept, focused on the sale of used VINTE housing.

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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 18 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 50 thousand homes across 6 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 started its digital strategy in 2017, focused on Proptech with more than 5,000 homes sold through digital media and 39% of the total sales in the last 12 months. Vinte’s highly qualified management team has over 29 years of experience in the Mexican housing sector.