Conference Call

1Q10 Results1Q10 Results

05/05/2010

SPEAKERS

• FRANCISCO SCIAROTTA

CEO – CCDI

• LEONARDO ROCHA

2

CFO and IRO- CCDI

1Q10 Highlights� Contracted Sales totaled R$192.9 MM (+59.7% over 1Q09)

� Net Income reached R$65.3 MM (+553.8% over 1Q09)

� Itautec Land Sale

3

� HM Engenharia acquires a piece of land

� CCDI announces its 2010 launchings estimates

� Installation of the Fiscal Council

� Caixa Econômica Federal approved the Global Funding for CCDI/HM

LAUNCHING RECORD AND PROJECTION

4

1,350.0 1,269.0

1,550.0

LAUNCHING RECORD AND PROJECTION (R$ THOUSAND)

100% CCDI

Low Income: between

45% - 55%

of launchings

30.0 269.1 193.4

1,350.0

453.0

1,239.0 630.9

357.6

453.0

900.0

551.0

2006 2007 2008 2009 2010 (E)

CCDI HM

of launchings

2010 Operational Results

2010 LAUNCHINGS

6

393.7

276.9

LAUNCHINGS (R$ MM)

100% CCDI20.5%

of the projection

36 24.0

102.0 126.0

357.7

150.9

150.9174.9

102.0

276.9

4Q09 1Q10 2Q10

(until now)

2010 Acumulated

(until now)

CCDI HM

In 1Q09, there were no launchings from CCDI and HM.

2010 LAUNCHINGS – CCDI

7

� Location: São Paulo � Location: São Paulo

� # Units: 216

� PSV: R$ 77.1 million

� Launching: Feb/2010

� Private Area: 49 m² and 73 m²

� # Units: 199

� PSV: R$ 73.8 million

� Launching: Mar/2010

� Private Area: 79 m² , 109 m² and 159 m²

2010 LAUNCHINGS – HM ENGENHARIA

8

� Location São José do Rio Preto, SP

� # Units : 118

� PSV : R$ 11.0 million

� Launching : Apr/2010

� Location: Pedreira, SP

� # Units: 271

� PSV: R$ 24.0 million

� Launching: Feb/2010

� Location : São José do Rio Preto, SP

� # Units : 118

� PSV : R$ 11.0 million

� Launching : Apr/2010 � Launching : Apr/2010

� Private Area: 47 m² and 49 m²

� Location : Santa Bárbara d’Oeste, SP

� # Units : 312

� PSV : R$ 32.0 million

� Launching: Apr/2010

� Private Area: 49 m² and 52 m²

� Location : Santa Bárbara d’Oeste, SP

� # Units : 271

� PSV : R$ 24.0 million

� Launching : Apr/2010

� Private Area: 42 m²

� Launching: Feb/2010

� Private Area: 42 m²

� Launching : Apr/2010

� Private Area: 47 m² and 49 m²

1Q10 CONTRACTED SALES

9

CONTRACTED SALES (R$ MM)

100% CCDI

Until

2007;

9.8%

1Q10 CONTRATCTED SALES

By launching period

120.8

185.0 192.9

1Q09 4Q09 1Q10

2008;

14.6%

2Q09;

2.6%

3Q09;

3.7%

4Q09;

36.2%

1Q10;

33.1%

CONTRACTED SALES

10

Low

Income;

20.9%

Economic

High and

Luxury;

20.9%

1Q10 CONTRACTED SALES

By market segment

São Paulo

(Country +

shoreline)

22.5%

Minas

Gerais

0.2%

Paraná

10.2%

Rio de

Janeiro

3.1%

1Q10 CONTRACTED SALES

By location

SALES FROM SEGMENTS UNDER R$500,0

THOUSAND PER UNIT REPRESENTED

79.1%

SALES ORIGNED IN THE STATE OF

SÃO PAULO: 86.6%

Economic

; 2.7%

Medium;

16.1%Medium-

High;

39.4%

São Paulo

(Capital +

RMSP)

64.1%

0.2%

INVENTORIES PRICED TO MARKET

11

INVENTORIES PRICED TO MARKET

(R$ MM)

Until 2007;

1Q10;

13.3%

1Q10 INVENTORIES PRICED TO

MARKET

By launching period

838.3

824.1

814.6

1Q09* 4Q09 1Q10

Until 2007;

41.7%

2008;

13.7%

2Q09; 0,7%

3Q09; 1.1%

4Q09;

29.5%

*Excludes Ventura Corporate Towers values

SALES SPEED - VSO

12

31.0%

48.5%45.4%

37.7%

SPEED OF SALES - VSO (%)

SALES OVER OFFER (VSO): This indicator measures the ratio between the total amount of contracts sold over the total amount of

contracts available for sale. The higher the ratio, the faster the Company is selling its units. For analysis purposes, we have used retail

units exclusively for both contracted sales and contracts available for sale.

12.2%

18.4%

23.7%

18.5% 19.3%13.7%

1Q09 2Q09 3Q09 4Q09 1Q10

CCDI HM Engenharia

*Excludes Ventura Corporate Towers values

LAND BANK – MARCH/2010

13

0.1

(0.1)(0.5)

LAND BANK

(R$ BILLION)HM Engenharia’s Land

Bank = R$1.3 Billion

9.1 8.6

4Q09 Land Bank 1Q10 Aquisitions 1Q10 Launchings Itautec Sale 1Q10 Land Bank

LAND BANK– R$8.6 BILLION IN PSV

14

Low

Income

23.0%

Commerci

al

14.5%

1Q10 LAND BANK

By segment

Espírito

Santo

4.1%

Other

States

2.9%

1Q10 LAND BANK

By location

23.0%

Economic

22.2%

Medium

15.4%

Medium-

High

9.0%

Others

19.4%São Paulo

Capital

46.3%

RMSP

31.3%

São Paulo

(Country+

shoreline)

15.3%

4.1%

Financial Performance

113.8174.0

274.3

GROSS REVENUE

(R$ MM)

GROSS AND NET REVENUES (R$MM)

16

1Q09 4Q09 1Q10

109.6167.0

263.6

1Q09 4Q09 1Q10

NET REVENUES

(R$ MM)

GROSS INCOME(R$MM)

17

36.143.0

96.3

GROSS INCOME

(R$ MM)

1Q09 4Q09 1Q10

33.0%25.7%

36.5%

1Q09 4Q09 1Q10

GROSS MARGIN

(%) +3.6 pp.

NET INCOME (R$MM)

18

10.0

102.2 65.3

NET INCOME

(R$ MM)

1Q09 4Q09 1Q10

9.1%

61.2%

24.8%

1Q09 4Q09 1Q10

NET MARGIN

(%)

+15.7pp.

EBITDA (R$MM)

19

15.8

130.8

75.4

EBITDA

(R$ MM)

15.8

1Q09 4Q09 1Q10

14.4%

78.3%

28.6%

1Q09 4Q09 1Q10

EBITDA MARGIN

(%)

+14,2pp.

REVENUES AND RESULTS TO BE REGOGNIZED (R$MM)

20

REVENUES TO BE RECOGNIZED

(R$ MM)RESULTS TO BE RECOGNIZED

(R$ MM)

851.0

955.3991.3

1Q09 4Q09 1Q10

239.6 244.1265.1

1Q09 4Q09 1Q10

CASH AND INDEBTDNESS (R$MM)

21

NET DEBT

(R$ MM)

+2.7%

43.8

CHANGE IN CAHS POSITION

(R$ MM)

98.5

281.7 289.3

1Q09 4Q09 1Q10

318.9

362.7

Cash on Dec/2009 Cash generated on

1Q10

Cash position on

Mar/10

CONTACT INFORMATION

Leonardo de Paiva RochaLeonardo de Paiva Rocha

CFO AND IRO

Investors Relations Area

ri.ccdi@camargocorrea.com.br

Tel: (5511) 3841-4824