B e le z a do M ar

empreendimentos legais | sergipe – brazil

w w w. b e lez ad o m ar.co m . br/
Ta b l e o f C o n t e n t s

Overview
O p e r at i o n s
F i n a n c i a l O p e r at i o n s
Deal Offering
Overview Brazil

Ranked by Forbes (2008) as best real estate investment among

“BRIC’s” – ahead of Russia, India, China

Brazilian stock marked shrugged off global recession, entered

2010 with growth back at 5%

5% economic growth rate is impressive - initial “capitalist” boom

years currently enjoyed by Russia, India and China happened
four decades ago in Brazil.

In 2008 rating agencies raised Brazil to investment grade.

Overview Brazil

Dis tinguishing Fac tor s

• Net external creditor

• Fiscal primary budgetary surplus

• One of the worlds largest commodity exporters

• Has been sheltered from the global credit crisis

• Energy independent since 2007

• Will soon be the world’s 8th largest oil producer

• Will host the 2014 World Cup and 2016 Olympics

• Democracy with political stability over the last two decades

Overview Sergipe

Population: 1.8 million

Mild tropical climate
Temperature is 77°- 86°F year round
Traveler magazine ranked Sergipe’s beaches among world’s best
Overview Sergipe

Dis tinguishing Fac tor s

• Lowest crime rate in the North of Brazil

• Highest education levels in the North of Brazil
• Large middle class
• Stable social climate
• Highest level of social services in the North of Brazil
• Energy rich state (oil, hydro & bio fuels)
• Location of Brazil’s most significant recent oil finds
• First state to provide electricity to all households
• Local government has a track record of transparency
• Not exposed to earthquake or tsunami
Overview Peninsul a
Belez a Peninsul ar
• Former coconut plantation
• Across the river from Aracaju
• Construction of new bridge across the River Sergipe decreased
travel time from two hours to 10 minutes, transforming the
peninsula into a prime location for real estate development
Overview P r o j e ct
• Mixed use, high end residential resort development.
• Located next to Aracaju, the state capitol of Sergipe, Brazil.
• 25 minutes from the airport, 10 minutes from downtown
• Targeting the local (60%), national (30%) and international
(10%) markets.
• 424 Units, Luxury Houses, Apartments, Town Houses, Retail,
Beach Club, Sports Utilities, direct access to three quarter
miles of beach.
• Cost $ XXX million, Sales Revenue $ XXX million.
Overview P r o j e ct
Net Present Value of Project = $XX million

$XX million equity invested to date

Net-Worth of Equity now in excess of $XX million based on

Colliers International Valuation of land

Environmental and construction permits secured

Masterplan complete

Ready to move forward on infrastructure

Developer X Y Z S o u t h A m e r i c a H o l d i n g l td .

Project manager and lead development partner XYZ is an

international firm with a track record of successful major
projects in Europe, and the Americas. The other partner,
Hospitable Investments Ltd. (HI Ltd.) is an Orlando, Florida based
hotel, resort, golf course, spa and residential golf community,
development, marketing and operational company.

Project carried out through Impreendimentos Legais Ltda (single

purpose project company)

XYZ is one of only four winners of the 2010 Urban Land

Institute Award of Excellence in EMEA
Developer X Y Z S o u t h A m e r i c a H o l d i n g l td .

Founded in 2000 by Alfonso Perrier, internationally renowned

architect and developer, winner of numerous prestigious awards.

Alfonsto Perrier acted as project manager on projects

completed or projects under construction collectively
representing over $ X.X billion over the last 8 years. 9 of these
projects were in excess of $ XX million.

No failed projects in history of company.

DEVELOPER X Y Z S O U T H A M E R I C A H O L D I N G LT D .

• Crimea, Ukraine – Luxury villas overlooking the Black Sea,

sales of $XX million

• A Buzios,
series of Brazil – Largest
20 villas marina
overlooking in South
the coast of the America,
Black Sea.multiple
Project
established a new standard for the region that repositioned Crimea as an
uphotels,
marketluxury spa, Houses
destination. golf course, investment
have indoor of $X.X
and outdoor billion
pools and
private vineyards.
•• The
Warsaw,
size ofPoland – is
each villa Mixed
aboutuse community
7,000 square feet presently valued at
• The construction cost per villa was approx. $ 850,000; sales price per villa
$X.X billion, former president of Poland is resident
averaged
$ 4.5 million.
• The annual ROI was approx. 150%; total investment period 2 years.
Developer H o s p i t a b l e I n v e s t m e n t s , Ltd .

Incorporated in 1986

Based in Orlando, Florida, with offices in London and Milan

Provides development, marketing and operational services for

hotels, resorts, spas, golf courses, golf clubs and residential golf
communities in the U. S. and internationally
Developer H o p s i t a b l e I n v e s t m e n t s , Ltd .

Pa s t P r o j e c t s

• Hotel Royal Plaza, a 400 room hotel in Walt Disney World

• PGA National, a 2700 acre community with four golf courses
• The Lodge and Bath Club at Ponte Vedra Beach, a 66 room
boutique ocean front resort in Ponte Vedra Beach
• Super Duper Palace Resort & Spa, a 1028 room destination
resort in Walt Disney World developed by HI Ltd. and owned
in joint venture with Equitable Life
management
Alfonso Perrier Alfonso perrier
maria Jose Ribeira de Lourdes

James Frederick Bartholomew American/French, internationally renowned architect and

Wolfgang Schopenhauer developer with extensive project management experience;
Percy Darbyshire winner of numerous prestigious awards; graduate of Rice and
Jack Stockman Stanford, currently visiting lecturer at NYU.

Maria Jose Ribeir a de Lourdes

Brazilian, licensed and highly experienced architect, expert in
local legislation, well respected and recognized by government
agencies, was lead architect for new zoning plan relevant to
Beleza do Mar.
management
Alfonso Perrier
Maria Jose Ribeira de Lourdes
James Frederick Bartholomew
Wolfgang Schopenhauer
Percy Darbyshire
Jack Stockman
James Frederick Bartholomew
Brazilian of American descent, local partner main project
manager for Beleza do Mar; due to his extensive network in
Brazil, he has been able to secure the required licenses in record
time; Catolica University graduate with additional studies at
Princeton.
Wol fg a ng Schopenhauer
Swiss / US born, CFO XYZ and head of investor relations;
successful entrepreneur; member of several boards; PhD
University of Michegan.
management
Alfonso Perrier Perc y Darbyshire
Maria Jose Ribeira de Lourdes
British/American; Partner of HI Ltd.
James Frederick Bartholomew

Wolfgang Schopenhauer

Percy Darbyshire

Jack Stockman Jack Stockman

American; Partner of HI Ltd.
O p e r at i o n s

Belez a do Mar Ma sterpl an

Hectares 92.5
Lots 245
Units 573
O p e r at i o n s Timeline

A�� 2007
Empreendimentos aquires land
S����
J�� 2011 - A�� 2012 S�� 2012 - F�� 2014 M�� 2014 - J�� 2015
Stage 1 Stage 2 Stage 3
‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15
J�� 2011 - A�� 2012 S�� 2012 - F�� 2014 M�� 2014 - J�� 2015
1 Building Stage
st
2 Building Stage
nd
3 rd Building Stage
[ 150 ����� ]
[ 187 ����������� �����
7 ���������� ����� ] [ 60 ����������� �����
16 ���������� ����� ]
C�����������
O p e r at i o n s Development
O p e r at i o n s Development

• In April 2007, XYZ bought 92.5 hectares (228.5 acres) of land

for USD XX million, financed with USD XX million equity by the
partners

• Master plan is finalized, environment license secured and work for

the infrastructure licenses well under way

• Several land plots for the beach front luxury homes have already
been pre-sold

• Demand for upper middle class first home residential properity

Sergipe is very high: it is expected that more than 90% of the units
will be sold to local residents

• 39% of land will be sold for individual homes (avg size: 1,600 sqm)
O p e r at i o n s Development

• 34.6 hectares (39% of land)

will be sold for individual
homes (avg size: 1,600 sqm)

• Sales of lots and finished

units to generate $XXX
million To w n h o u s e

Luxury Vill a
O p e r at i o n s Development

• Estimated sales price for

finished units: $2,000/sqm

• 14.4 hectares (16% of land)

– Apartments, Business/
Commercial, with space
zoned for construction of a
Apartment Interior
hotel

Luxury Vill a
O p e r at i o n s Development

Revenue Type Lots Units

Revenues
(USD 000's)

ocean front homes 20 20 38,700

ocean/lake view homes 22 22 23,760

lake view homes (lots and homes) 55 55 40,730

lake view homes (lots only) 61 0 11,560

garden view homes 20 20 19,280

Town houses 56 56 21,850

luxury apartments 350 sqm 1 12 7,810

apartments 250 sqm 2 36 19,040

apartments 120 sqm 3 72 19,500

apartments 90 sqm 2 60 10,820

ocean view Condo hotel 1 70 (210) 12,720

business / Commercial (shops, offices and lofts) 2 150 14,320

Total 245 573 240,090

O p e r at i o n s Development

Cost
purchase of the land, environmental license and masterplanning usD 8.0 million

infrastructure development (roads, landscaping, utilities) usD 40.2 million

entrance, maintenance and sports usD 3.8 million

additional licensing, permits, engineering, architecture usD 0.8 million

Construction vertical (houses, appartments, condo hotel etc) usD 74.0 million

project marketing usD 15.0 million

working Capital / variable Cost provision usD 16.2 million

Total usD 158.0 million

To t a l C o s t : $ X X X m i l l i o n
E s t im at ed b re a k e v en: 4t h qua r t er , 20X X
O p e r at i o n s Deal offering

Use of Funds Infrastructure development (roads, landscaping, utilities) USD 6.4 million

Entrance, Maintenance and Sports USD 2.2 million

Additional licensing, permits, engineering, architecture USD 0.6 million

Construction Vertical (houses, apartments, commercial USD 27.1 million

area, beach club etc)

Project marketing USD 0.6 million

Previous Soft Cost Repayment USD 2.0 million

Working Capital / Variable Cost Provision USD 1.1 million

Total USD 40
million
Investment Deal Offering

• Capital sought: up to USD XX million

• Use: Launch development, build infrastructure, construction

of residential units

• Anticipated Financing Structure: Flexible - Equity, debt, or

structured finance

• Equity share available: Minority or majority partnership, up to

XX%
Investment Deal Offering

Option 1 Option 2

• $XX million - All pre-sale • $XX million - Fund initial

financing infrastructure outlay,
• XX% IRR remainder will be bank
• XX% ownership financed
• XX% IRR
• XX% ownership
http://www.BelezaDoMar.com.br/

James Frederick Bartholomew

Empreendimentos Legais, Ltd.
jbartholomew@empreendimentos.com.br

Greg Rockwell
Excend Capital Group