Multiplan Empreendimentos Immobiliarios SA: Quarterly Financial Report 1Q22

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Quarterly information – ITR

Multiplan Empreendimentos Imobiliários SA

March 31, 2022 with the independent auditor’s review report on quarterly information (ITR)

Multiplan Empreendimentos Imobiliários SA

Quarterly information – ITR

March 31, 2022

Content

Independent Auditor’s Review Report on Quarterly Information (ITR) ……………………………. …. ……….. 1

Quarterly information – ITR

Balance sheet ………………………………………… . …………………………………………. . …………………………………. 3

Income statement ………………………………………… ………………. …………………………. ………………. ………………….. 5

Statements of comprehensive income ……………………………. ……… …………………………………. ……… . 7

Tables of changes in equity – Individuals ……………………………………. …. …………………………………. 8

Statements of changes in equity – Consolidated ……………………………………. ………………………………… 9

Statements of cash flows ……………………………………….. …………………………………………….. ….. ………………. ten

Statements of added value ……………………………………….. ……………………………………………. …. ……………. 11

Notes on the quarterly information ………………………………………….. ………………………………………….. .. ………… 12

Center Empresarial PB 370

Praia de Botafogo, 370 6º ao 10º andar – Botafogo 22250-040 – Rio de Janeiro – RJ – Brasil Tel: +55 21 3263-7000 ey.com.br

A free translation from Portuguese to English of the independent auditor’s review report on the individual and consolidated interim financial information prepared in Brazilian currency in accordance with CPC 21 (R1) and

IAS 34 – Interim Financial Reporting and with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Quarterly Information on the Independent Auditor’s Review Report (ITR)

the

Shareholders, Board of Directors and Officers

Multiplan Empreendimentos Imobiliários SA

Rio de Janeiro – RJ

Introduction

We have reviewed the individual and consolidated interim financial information of Multiplan Empreendimentos Imobiliários SA (“Company”), contained in the Quarterly Information Notice (RTI) for the quarter ended March 31, 2022, which includes the balance sheet like a March 31, 2022 and the statements of earnings, comprehensive income, changes in equity and cash flows for the three-month period ended on that date, and the notes to the quarterly information.

Management is responsible for establishing individual and consolidated interim financial information in accordance with NBC TG 21 – Interim Financial Reporting and International Standard and IAS 34 – Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), applicable to real estate development entities in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), as well as for the presentation of such information in accordance with the standards issued by the CVM, relating to the preparation of quarterly information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Examination scope

We conducted our review in accordance with Brazilian and international standards on review engagements (NBC TR 2410 and ISRE 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A limited review of interim financial information consists of making inquiries, primarily of those responsible for financial and accounting matters, and applying analytical and other review procedures. A limited review is substantially less in scope than an audit performed in accordance with auditing standards and therefore does not provide us with assurance that we would become aware of all the material matters that might be identified during an audit. Accordingly, we do not express an audit opinion.

Uma empresa-member of Ernst & Young Global Limited

Conclusion on individual and consolidated interim information

Based on our limited review, no element has been brought to our knowledge that leads us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above has not been established, in all their significant aspects, in accordance with CNB TG 21 and IAS 34, applicable to real estate development entities in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), presented in accordance with the rules issued by the CVM, applicable to the preparation of quarterly information – ITR.

Focus of matter

As described in Note 2, the individual and consolidated interim financial information contained in the Quarterly Notice (RFI) has been prepared in accordance with CNB TG 21 and IAS 34 applicable to real estate development entities in Brazil registered with the CVM. Accordingly, the determination of the accounting policy adopted by the entity for the recognition of revenue in contracts for the purchase and sale of uncompleted real estate units on, with respect to aspects related to the transfer of control, follows the understanding of the management of the Company regarding the application of the CNB TG 47, in accordance with that expressed by the CVM in its Circular Letter CVM/SNC/SEP n° 02/2018. Our conclusion is not nuanced in this regard.

Other topics

Added Value Statements

The quarterly information referred to above includes the individual and consolidated value added statements (SVA) for the three-month period ended March 31, 2022, prepared under the responsibility of the Company’s management and presented as information. additional information under IAS 34, applicable to real estate assets. real estate development entities in Brazil, registered with the Brazilian Securities and Exchange Commission (“CVM”). These statements were subject to due diligence carried out as part of the review of the quarterly information, in order to determine whether they are reconciled with the interim financial and accounting information, where applicable, and whether their form and content are comply with the criteria defined in the CNB TG 09 – Declaration of added value. Based on our limited review, nothing has come to our attention that causes us to believe that these value added statements have not been prepared, in all material respects, in accordance with the criteria set out in this standard and consistent with the individual and consolidated interim financial statements. information as a whole.

Rio de Janeiro, April 27, 2022.

ERNST AND YOUNG

SS Independent Auditors CRC-2SP015199/O-6

Roberto Martorelli

Accountant CRC-1RJ106103/O-0

A free translation from Portuguese to English of the quarterly information prepared in Brazilian currency in accordance with CPC 21 (R1) and IAS 34 – Interim Financial Reporting and the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of reports Quarterly Information (RTI)

Multiplan Empreendimentos Imobiliários SA

Balance sheet

March 31, 2022 and December 31, 2021 (In thousands of reais – R$)

03/31/2022

31/12/2021

Assets

Current assets

Cash and cash equivalents (note 3)

271 107

287 124

426 824

553 793

Short-term investments (note 3)

330.393

224,670

467,341

224,670

Accounts Receivable (Note 4)

285,917

364,990

443,870

533,846

Land and buildings held for sale (Note 6)

3,614

3,818

47 118

66,437

Related party debtors (note 5)

47,561

26,382

60,801

38,849

Recoverable taxes and contributions (note 16)

60,760

36,838

67,607

43,296

Deferred charges (note 18)

23 203

27,230

40,300

45,681

Other

18,206

17,873

30,721

28,515

Total current assets

1,040,761

988 925

1,584,582

1,535,087

Non-current assets

Accounts Receivable (Note 4)

11,482

12,679

28,842

29,297

Land and buildings held for sale (Note 6)

20,083

19,826

478,912

470 114

Related party debtors (note 5)

33,639

35,267

55,952

58,767

Court filings (note 17.2)

150 278

147,990

160 175

157,088

Deferred taxes and social contributions (Note 7)

37,590

21,478

Deferred charges (note 18)

58,648

58,637

99 174

99,087

Other

2,025

2,028

4,408

4,889

Investments (note 8)

4,624,549

4,543,398

135,858

139,417

Investment properties (note 9)

3,924,205

3,922,905

7,682,946

7,673,145

Property, plant and equipment (Note 10)

86,906

87,574

104,363

105 159

Intangible assets (note 11)

367 121

365,657

370,543

368,932

Total non-current assets

9,278,936

9,195,961

9,158,763

9,127,373

Total assets

10,319,697

10,184,886

10,743,345

10,662,460

3

consumptionIfrom 31/03/2022 to 31/12/2021

Individual

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