3Q08 Results Presentation

1. 11
3Q08 Results

2. 2
3Q08 Results Conference Call
Heitor Cantergiani
CEO
 Strengths
 Main Highlights
Leonardo Diniz
Sales Officer
 Launches and Sales
 Economic Segment
 Geographical Diversification
Cássio Audi
CFO and IRO
 Financial Performance
 Indebtedness
 Capitalization
 New guidance 2008-2009
Agenda

3. 3
Heitor Cantergiani
Strengths & Main Highlights
3Q08 Results Conference Call

4. 4
3Q08 Results Conference Call
Strengths
Excellent sales performance
Maintenance of credit lines for construction financing
Diversified Land Bank, enabling launches optimization
Good positioning in the economic segment
Conservative financial management
Strong and result driven team

5. 5
Main Highlight
3Q08 Results Conference Call
Launches
3Q08 R$ 720 million in 13 projects
9M08 R$ 2,073 million in 36 projects
Contracted sales
3Q08 R$ 702 million in 2,630 units
9M08 R$ 1,828 million in 7,060 units
Economic Segment
R$ 257 million launched in 5 projects
Land Bank
R$ 19.4 billion PSV, of which 77% in swaps
Capital Increase Supported by the Controlling Shareholder
New guidance for 2008-2009

6. 6
Leonardo Diniz
PSV, Sales, Geographical Diversification
3Q08 Results Conference Call

7. 143 202 285
601484 518
1,472
1,295
3Q07 3Q08 9M07 9M08
Rossi
Partner
s
7
3Q08 - 13 Projects:
Launches
Launches breakdown by income segment and state – 9M08
3Q08 Results Conference Call
9M08 - 36 projects
Campinas, Curitiba, Guarulhos, Lauro de Freitas, Mogi das Cruzes, Rio de Janeiro, São Paulo,
Salvador, Serra, Sorocaba.
Launches (R$ million)
627 720
1,579
2,073
15%
31%
39%
23%
15%
10%
7%
6%
> R$ 500,000
Economic Segment
R$ 350,000 to R$ 500,000
< R$ 200,000
R$ 200,000 to R$ 350,000
Commercial
28%
19%
10%
8%
8%
8%
5%
4%
4%
3%
2%
São Paulo (other cities)
São Paulo (metropolitan region)
Bahia
Ceará
Rio de Janeiro
Espírito Santo
Rio Grande do Sul
Minas Gerais
Rio Grande do Norte
Paraná
Santa Catarina
Pernambuco

8. 70 162 229
443281
539
815
1,385
3Q07 3Q08 9M07 9M08
Rossi
Partners
8
Contracted Sales breakdown by income segment and state - 9M08
3Q08 Results Conference Call
Contracted Sales (R$ million)
351
702
1,044
1,828
75%
100%
Sales
26%
22%
20%
18%
10%
4%
> R$ 500,000
R$ 350,000 to R$ 500,000
Economic Segment
R$ 200,000 to R$ 350,000
< R$ 200,000
Commercial
23%
20%
13%
11%
10%
8%
4%
4%
3%
2%
1%
São Paulo (metropolitan region)
São Paulo (other cities)
Rio Grande do Sul
Espírito Santo
Rio de Janeiro
Bahia
Rio Grande do Norte
Ceará
Paraná
Minas Gerais
Santa Catarina
Pernambuco

9. 9
Economic
Segment
3Q08 Results Conference Call
9M08
Launches: R$ 521 million PSV, 13 projects, 3,208 units
5 Buildings
8 Residential Plazas
Contracted Sales: R$ 374 million
4Q08
Projects: approximately R$ 200 - 250 million PSV, 10 -12 projects
1 Buildings
6 Residential Plazas
5 condominiums in 2 Villa Flora’s communities
Villa Flora Sorocaba

10. 10
Potential PSV (100%): R$ 19.4 billion
Rossi’s Share: R$ 13.4 billion
Land bank PSV in R$ million
3Q08
Total
Total Rossi
19,428 13,414
Breakdown
Launches PSV 3Q08
Final 2Q08
Origination 2Q08
Final 3Q08
(720)
3,876
19,428
(518)
2,169
13,414
Acquisition method
Land Bank distributed in 157 lands and 59 cities,
not concentrated.
13.4 million m2 buildable area
future launches (in units) – 100,124
4 to 5 years PSV in the bag for future launches
Land Bank
3Q08 Results Conference Call
Permuta Física
46%
R$ billion
16,271 11,763
Cash
23%
Financial
swap
31%
Swap
by units
46%
Partners
Rossi
9.6 10.1 10.7 11.8 13.4
4.0 4.6 4.6
4.5
6.0
0
5
10
15
20
25
3Q07 4Q07 1Q08 2Q08 3Q08

11. 11
Land Bank : Potential PSV
Focus on low to middle income segment – 66% of PSV < R$ 350,000
Land Bank 3Q08 (in R$ million) - PSV by State and Income Segment
3Q08 Results Conference Call
State Economic
Segment
until
R$200,000
R$200,000
to
R$350,000
R$350,000
to
R$500,000
Above
R$500,000
Commercial Lots Total %
Bahia 354 - 1,124 - - - - 1,478 8%
Ceará 441 - - 104 - - - 545 3%
Distrito Federal 256 - 45 - - 457 - 757 4%
Espírito Santo 481 - - - 62 123 - 665 3%
Goiás 922 - - - - - - 922 5%
Mato Grosso do Sul 56 - - - - - - 56 0%
Minas Gerais 639 - - 132 228 - - 999 5%
Paraná 100 - - - 66 136 - 303 2%
Rio de Janeiro 496 - 1,308 195 217 - - 2,217 11%
Rio Grande do Norte 174 - 79 - - - - 254 1%
Rio Grande do Sul 2,818 - 11 895 - - - 3,724 19%
São Paulo City 318 - 213 210 1,080 129 - 1,950 10%
São Paulo Interior 1,465 459 987 1,185 657 53 754 5,559 29%
Total 8,520 459 3,767 2,720 2,310 898 754 19,429 100%
Distribution 44% 2% 19% 14% 12% 5% 4% 100%

12. 12
Geographical Presence
3Q08 Results Conference Call
Long Term Sustainable Competitive Advantage: Building up Local Knoew-how
59 Cities 14 States
PE
RN
PB
RS
PR
SP
MG
RJ
ES
BA
SC
CE
GO
MS
AM
PA
MA
AL
AC
RR
AP
RO
TO
PI
MA SE
Regional São Paulo
(RSP)
São Paulo
Cotia
Guarujá
Guarulhos
Jacareí
Mogi das Cruzes
Osasco
Praia Grande
Santana de Parnaíba
Santo André
Santos
São Bernardo do Campo
São Caetano do Sul
São José dos Campos
São Paulo
Mato Grosso do Sul
Campo Grande
Regional Belo Horizonte
(RBH)
Minas Gerais
Belo Horizonte
Contagem
Nova Lima
Uberlândia
Distrito Federal
Brasília
Águas Claras
Gama
Goiás
Goiânia
Valparaiso
Regional Sul (RPOA)
Paraná
Curitiba
Santa Catarina
Florianópolis
Rio Grande do Sul
Canoas
Caxias do Sul
Novo Hamburgo
Porto Alegre
São Leopoldo
Regional Rio de Janeiro
(RRJ)
Rio de Janeiro
Itaguaí
Niterói
Nova Iguaçu
Rio de Janeiro
Volta Redonda
Espírito Santo
Serra
Vila Velha
Vitória
Minas Gerais
Juiz de Fora
Bahia
Lauro de Freitas
Salvador
Regional Nordeste
(RNE)
Ceará
Fortaleza
Pernambuco
Recife
Rio Grande do Norte
Natal
Regional Oeste Paulista
(ROP)
São Paulo
Marília
Ribeirão Preto
São Carlos
São José do Rio Preto
Regional Campinas
(RCPS)
São Paulo
Campinas
Hortolândia
Indaiatuba
Jaguariúna
Paulínia
Piracicaba
Sorocaba
Sumaré
Valinhos
Votorantim

13. 13
Cássio Audi
Financial Performance
3Q08 Results Conference Call

14. 60
134
182
314
3Q07 3Q08 9M07 9M08
180
341
523
837
3Q07 3Q08 9M07 9M08
14
Financial Highlights (R$ million)
3Q08 Results Conference Call
Net Revenue
Gross Income and Gross Margin
33.1%
39.3%
34.9%
37.5%
Unearned Revenue and Results 3Q08 2Q08 Var.
Unearned Revenues 1,736 1,461 19%
Unearned Results 586 506 16%
Backlog gross margin 33.7% 34.6% -0.9 p.p.
90%
60%
73%
125%

15. 15
3Q08 Results Conference Call
Gross Margin Breakdown and Performance
Net Operating Revenue
(R$ million)
3Q08 3Q07 Var. 9M08 9M07 Var.
Sale of property and services 317 180 76% 786 516 52%
Monetary Variation (INCC) 37 4 757% 83 21 290%
(-) Sales taxes (13) (5) 168% (32) (15) 110%
Total 341 180 90% 837 523 60%
Construction words + lands 196 115 70% 495 327 51%
Financial charges 11 5 115% 28 14 104%
Total 207 120 72% 523 341 54%
Gross Margin 39.3% 33.1% 6.1 p.p. 37.5% 34.9% 2.7 p.p.
Adjusted Gross Mg (-) Finan. Charges 42.6% 36.1% 6.5 p.p. 40.9% 37.5% 3.4 p.p.
Adjusted Gross Mg (-) Finan. Charges (-) INCC 35.7% 34.5% 1.1 p.p. 34.4% 34.9% -0.4 p.p.
Adjusted Gross Mg (-) INCC 31.9% 31.5% 0.4 p.p. 30.7% 32.1% -1.4 p.p.

16. 24
42
88
113
3Q07 3Q08 9M07 9M08
16
Financial Highlights (in R$ million)
3Q08 Results Conference Call
EBITDA and EBITDA Margin Net Income and Net Margin
EBITDA 3Q08 3Q07 Var. 9M08 9M07 Var.
Operating Income (Loss) 49 31 60% 130 107 21%
(+) Depreciation and Amortization 1 0 64% 1 1 50%
(+/-) Financial Expenses (Revenues) (0) (8) -98% (24) (26) -7%
(+) Financial Charges 11 5 115% 28 14 104%
(-) Profit Sharing (4) (2) 79% (10) (7) 37%
EBITDA 58 27 115% 125 89 41%
EBITDA Margin 16.9% 14.9% 2.0 p.p. 15.0% 17.0% -2.0 p.p.
14.9%
16.9% 17.0%
15.0%
41%
115%
13.5% 13.5%
16.9%
28%
72%
12.2%
27
58
89
125
3Q07 3Q08 9M07 9M08

17. 17
Indebtedness
3Q08 Results Conference Call
3Q08 2Q08 Var.
Indebtedness – Short Term 166.9 110.7 50.8%
Construction Financing 156.8 93.6 67.5%
Debentures 10.1 17.1 -40.9%
Indebtedness – Long Term 613.0 512.6 19.6%
Debentures 300.0 300.0 -
Construction Financing 67.0 112.3 -40.3%
Working capital 246.0 100.3 145.3%
Total Indebtedness 779.9 623.3 25.1%
Cash position 174.3 134.2 29.9%
Net Indebtedness 605.6 489.1 23.8%

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Total Debt: R$ 779.9 millionCash Position: R$ 174.3 million
Indebtedness
Cash and Banks
Investments - ST
Investments - LT
3Q08 Results Conference Call
17%
35%
48%82%
17%
1%
Working capital
Debentures
Construction Financing - LT
Construction Financing - ST
39%
32%
20%
9%
Amortization Schedule
21.0
134.0
153.0
69.0
167.0
136.0
100.0
2008 2009 2010 2011 2012 2013 2014...

19. 19
3Q08 Results Conference Call
Capital Increase Supported by Controlling Shareholders
Market Value RSID3
Number of shares 157,703,628
Number of new shares issued 34,482,760
Total shares after capital increase 192,186,388
Share price: 11/7/2008 R$ 3.75
Market Value R$ 720,698,955.00
Balance – Comparison (R$ million) 3Q08 3Q08
with capitalization
Net Debt 606 456
Cash position 174 324
Shareholders’ Equity 1,177 1,327
Net Debt/Shareholders’ Equity 51% 34%

20. 20
3Q08 Results Conference Call
New Guidance 2008-2009
2008
Previous Current
Rossi’s Share (R$ million) Max. Min. Average Max. Min. Average
Launches PSV 2,350 2,650 2,500 2,000 2,300 2,150
2009
Previous Current
Rossi’s Share (R$ million) Max. Min. Average Max. Min. Average
Launches PSV 2,800 3,200 3,000 2,100 2,400 2,250

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Cássio Elias Audi
CFO and Investor Relations Officer
cassioaudi@rossiresidencial.com.br
Ph. (55 11) 3759-7431
Maria Claudia Biolchini
Investor Relations Manager
mariabiolchini@rossiresidencial.com.br
Ph. (55 11) 3759-7516
IR Team
3Q08 Results Conference Call

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This material is a presentation of general background information about Rossi Residencial S.A. (“Rossi”) as of the date of this
presentation. Information contained herein has been summarized and does not purport to be complete. This presentation shall not be
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Disclaimer
3Q08 Results Conference Call

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