Rodobens Discloses its 1Q09 Earnings Release

SAO JOSE DO RIO PRETO, Brazil, May 11 /PRNewswire-FirstCall/ -- Rodobens
Negocios Imobiliarios (Bovespa: RDNI3), an integrated real estate developer
and homebuilder with more than 17 years of operations and a focus on cities in
the interior of Brazil, discloses today its audited results for the first
quarter of 2009 (1Q09).
1Q09 Performance Highlights
The business environment in 1Q09 was marked by a strong deceleration in
economic activity in Brazil and globally, continuing the weakening in consumer
confidence and affordability felt since the third quarter of 2008.
In response to this scenario, Rodobens maintained the short-term
adjustment in its growth curve, focusing on maintaining low indebtedness and
protecting the wealth already accumulated by its shareholders. We believe we
have acted quickly and without hesitation upon a constrained situation in the
housing and capital markets, having reduced our exposure to inventory,
protecting our cash position, and reducing expenses, but without putting at
risk the structure for growth in the event of a market recovery.
In this scenario, the company presents solid 1Q09 financial results that
are consistent with the positioning that we chose to face such an unstable
market environment.
1Q09 net revenue of R$104 million, growth of 48% over the R$71 million
recorded in 1Q08.
1Q09 EBITDA of R$14 million, with growth of 76% over 1Q08 and a margin of
13.4% of net revenue. Excluding the negative impact of interest expenses
recorded as COGS (3.8% of net revenue), EBITDA margin was 17.2%.
1Q09 net income of R$10 million, with net margin of 10.0% and a change of
-8% over 1Q08.
New sales contracts of R$90 million (Rodobens' share only), 42% lower than
1Q08, but with reversal of the downward trend curve that hit the market in
3Q08.
Project launches of R$67 million in PSV(1) (Rodobens' share), 65% lower
than 1Q08, in response to unstable demand, priority on the sale of inventory,
and retention of new launchings while waiting for improved market conditions.
(1) Potential total sales value (PSV), estimated at launching.

1Q09 earnings conference calls:
Portuguese
May 12, 9:00am (Eastern time)
Tel.: 55-11-4688-6301
Access code: Rodobens

English
May 12, 11:00am (Eastern time)
Brazil: 55-11-4688-6301
U.S.: 1-888-700-0802
Other countries: 1-786-924-6977
Access code: Rodobens

The conference calls will be accompanied by a slide presentation that will
be available at http://www.rodobens.com/negociosimobiliarios/ir
Contacts:
Investor Relations
Orlando Viscardi
Tel.: 55-17-2137-1754/3/2
E-mail: ri-rni@rodobens.com.br

Media Relations
MCE, a/c Rita Mazzuchini
Tel.: 55-11-2577-6533
E-mail: rita@mcepress.com.br

SOURCE Rodobens Negocios Imobiliarios S.A.

Investors, Orlando Viscardi, +011-55-17-2137-1754, or +011-55- 17-2137-1753,
or +011-55-17-2137-1752, ri-rni@rodobens.com.br; or Media, MCE a/c Rita
Mazzuchini, +011-55-11-2577-6533, rita@mcepress.com.br, for Rodobens Negocios
Imobiliarios