FAQ
All MRVs material facts, earnings results and other notices to the market are published simultaneously at CVM/Bovespa and at the investor relations area of the Companys website (www.mrv.com.br), and sent later by email to persons registered to receive this information. To receive information by e-mail please register here.
Complete financial statements are published annually on the newspapers “Valor Econômico” and “Diário Oficial do Estado de Minas Gerais”. Quarterly financial statements, press releases, presentations, material facts and notices to shareholders are available in the investor relations area of MRVs website (www.mrv.com.br). Other information about the Company also may be obtained on the website of São Paulo Stock Exchange (www.b3.com.br) and at the Securities and Exchange Commission of Brazil – CVM (www.cvm.gov.br).
Before looking for a brokerage firm, it is suggested that you study the subject on the B3 website. Contributing to the beginner’s learning, the São Paulo Stock Exchange provides ample material on the Stock Market and on Finance in general. To access the content, visit the B3 Educação portal (www.edu.b3.com.br).
Nowadays stock trading usually takes place via the internet. Therefore, it is necessary that you are a client of a Broker registered at B3 that has the Home Broker system.
MRV Engenharia e Participações S.A.
Avenida Professor Mário Werneck, 621, Estoril, Belo Horizonte, Minas Gerais, 30455-610
www.mrv.com.br/ri
Ricardo Paixão Pinto Rodrigues
Chief of Finance and Investor Relations Officer
E-mail: [email protected]
Augusto Pinto de Moura Andrade
Investor Relations Director
E-mail: [email protected]
For any questions not related to Investor Relations department, please contact MRV by phone (31) 3615-7100.
The MRV’s shares are traded in Brazil, Bolsa and Balcão – B3 under the ticker “MRVE3” and are admitted to trading on the “Novo Mercado”, the highest level of differentiated corporate governance practices.
MRV’s shares entitles their holders the following rights:
- the right to vote at the General Stockholders’ Meetings;
- the right to the mandatory minimum dividend, in each fiscal year, equivalent to 25.0% of the adjusted net income under the terms of article 202 of the Brazilian Corporation Law (“Lei das Sociedades por Ações”);
- Holders of MRVs common shares are entitled to be included in a public tender offer in the case that a controlling stake in the Company is sold and the minimum price to be offered for each share is 100.0% of the price paid per share of the controlling stake;
- In case the Company’s registration is cancelled or its requested the removal of the B3 Novo Mercado listing, the right to dispose of its shares in a public offering to be started by the Controlling Shareholders, for their respective economic value determined by an appraisal report by an specialized and independent company, with proven experience and chosen by the Shareholders’ Meeting with outstanding shares from a triple list presented by the Board of Directors, being the costs of preparing the mentioned report must be fully due by the Controlling Shareholders;
- All other rights assured to the Shares, under the terms provided for B3’s Novo Mercado Regulation, MRV’s Bylaws and the Brazilian Corporation Law. (“Lei das Sociedades por Ações”)
Glossary
Banco de Terrenos (Land Bank) – land held in inventory with its estimated PSV (Pre-Sales Value) in the future. It is the Company’s land bank and includes all land already acquired and not with projects launched.
Cash – made up of the balance of cash and cash equivalents and financial investments (bonds and securities).
CPC 47 and Percent of Conclusion (POC) – to better understand revenue, the Group has adopted the CPC 47, effective January 1, 2018 – ‘Contract revenue from Clients’. Sales revenue is appropriated as construction progresses, as the transfer of control takes place over time. As such, the POC method has been adopted for each construction project.
Cash Burn – measured by the change in net debt, excluding capital increases, purchased shares held in treasury and dividend payments, when occurred.
Net Debt – Net Debt: (Gross Debt + Fin. Deriv. Liabil.) – (Total Cash + Fin. Deriv. Assets)
Duration – Average period of time considered for the expiration of debt. Takes into consideration not only the final expiration of debt, but also the flow of payment, principal and interest rates.
EBITDA – a commonly used indicator to evaluate publicly-traded companies, insofar as it represents the company’s operational cash flow, in other words, how much the company generates from resources only from operational activities, without taking into consideration financial effects, taxes and depreciation.
Construction Financing – total of units from projects that had the construction financing (PJ) approved by a financial institution during the period.
Financial Cost recorded under COGS – interest which in prior period were capitalized in inventory (property and projects under construction) and, resulting from the sale of units/projects have been booked as results, increasing the value of ‘Real Estate Costs and Services Provided’.
Inventory at Market Value – equal to the PSV of current inventory, only considering developments already launched. Does not consider land bank.
FGTS – Severance pay fund for workers is a compulsory reserve fund in which employees deposit 8% of their monthly salary. FGTS resources are administered by CEF and they are used as a source of funding for low income housing programs such as CVA.
Launches – Occurs when a project is available for sale.
Profit per share – basic profit per share is calculated by dividing net profit for the quarter by the number of ordinary shares issued, by the average quantity of ordinary shared available during the period, excluding treasury notes, if available.
LUGGO – MRV&CO start up focusing exclusively on the construction of rental real estate, offering a wide range of living services and technology, purpose-built to improve the customer experience (https://alugue.luggo.com.br/).
Marketplace – Platform connecting the supply and demand for products and services, in other words and online shopping platform.
Minha Casa Minha Vida – The Casa Verde Amarela, known as MCMV, its a national housing incentive sponsored by the Federal Government, aiming to reduce the national housing deficit.
MRV US – MRV-controlled holding, headquartered in the USA, holding direct interest in AHS development and indirect interest in AHS residential.
NAV – Net Asset Values
Novo Mercado – Special listings on the BOVESPA, with a specific, stricter, set of corporate governance rules, of which the company has been a member since July 23, 2007.
Physical Swap – system of purchase in which the landowner is issued a determined number of units of construction to be developed.
Real estate sales results to be appropriated – generated from the sum of pre-sales contracts, referring to projects under construction and its respective costs to be incurred.
SFH Resources – Housing Finance System (SFH) resources are borne from the FGTS (severance pay fund) and deposits taken from savings accounts (SBPE).
ROE – Return on Equity is defined by the quotient between net income to the average shareholder´s equity.
SBPE – Brazilian System of Savings and Loans – bank financing based on savings accounts.
URBA – allotment development company controlled by MRV (https://vivaurba.com.br/).
Sales units – value of mortgages signed by clients, referring to the sales of units ready or for future delivery.
Net sales – overall sales, minus the number of cancellations for the period.
VSO – Sales on offer, is an indicator used to analyze real estate offering. Its main role is to represent the percentage of units sold in relation to the total of units available for the period.
Gross VSO – Gross sales / (initial stock for period + launches for period)
Net VSO – Net sales / (initial stock for period + launches for period)
Finished units – finished units, registered after construction has finished.
Produced units – units produced over the evolution of construction, equivalent construction.
Transferred units – quantity of individuals who have signed a mortgage with a financial institution for the period.
PSV Launched – equals the total number of units launched, multiplied by the average estimated sale price of units.
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