Vinte Announces Third Quarter 2021 Results

Vinte Wire

Mexico City, Mexico, October 25th, 2021 – Vinte Viviendas Integrales S.A.B. de C.V. (BMV: VINTE), a leading home builder in the development and commercialization of sustainable homes in Mexico, announced its earnings results for the third quarter of 2021. The figures in this report are expressed in nominal Mexican pesos and are based on internal non-audited financial statements, they were prepared in accordance with IFRS and current interpretations, and may include minor differences due to rounding.


  • Vinte’s 3Q’21 results are similar to the previous year, in line with the 2Q’21 earnings release. Compared to 3Q’20, revenue, EBITDA, and net income for the period changed by -2.3%, +0.2% and +0.1%, respectively. The 4Q’21’s revenue is expected to reach historic levels towards a 15% annual revenue growth.
  • Accumulated revenue from January to September 2021 increased by 6.2% compared to the previous year, and are similar to 2019.
  • Vinte temporarily increased its leverage to 3.5x, calculated as Net Debt / EBITDA, and was in line with expectations, with net debt levels similar to those reported in 4Q’19 and 3Q’20. The expected leverage level for the end of the year is 2.6x, based on strong 4Q’21 revenue and a recovery in profitability.
  • Vinte used cash to fund the investment boost, given the Company’s positive outlook for pre-sales and completion of construction work in the fourth quarter of the year, and still maintains a cash balance of 680 million pesos in treasury.
  • Vinte continues to implement its digital strategy; achieving 4,500 sales to date through our digital platform, becoming an important marketing channel where we see significant future potential based on information from current and potential customers.
  • Vinte recently obtained two favorable opinions from independent international experts Pacific Corporate Sustainability (PCS) and Sustainalytics (by Morning Star), certifying that the net resources obtained from the planned stock offering on the Mexican Stock Exchange will be used 100% for the development of sustainable housing communities. This means that the previously mentioned offering would be the first Sustainable Follow-On Offering in Latin America (and one of the first globally).
  • Vinte rated its ESG risk profile with Clarity AI. The results have Vinte within the top 10% for Mexico and top 12% globally. Similarly, Vinte was rated in the ESG top 16% globally by Sustainalytics.


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Forward Looking Statements
“This document contains certain statements related to the comprehensive overview of Vinte Viviendas Integrales (VINTE) regarding its activities to the present day. The information included in this document is a summary of information regarding VINTE which is not intended to cover all related information about VINTE. The information contained in this document has not been included to provide specific advice to investors. The statements contained herein reflect the current views of VINTE with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause future results, performance or achievements of VINTE to differ from those expressed or implied by such forward looking statements, including, among others, economic or political changes and global business conditions, changes in exchange rates, the overall state of the industry, changes in housing demand, raw material costs, etc. If one or more of these risks occur, or should the underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. VINTE does not intend nor assume any obligation to update the statements presented in this document.”
About Vinte
Vinte is a sustainable, vertically integrated Mexican home builder with a clear focus on profitability. For more than 18 years it has been dedicated to developing sustainable residential complexes for low- and middle-income families, focused on improving their quality of life, a commitment for which it has received multiple national and international awards. Vinte has developed over 48,000 homes across six Mexican states, primarily in the center of the country, achieving a high level of loyalty amongst its clients and extensive brand recognition in the markets in which it operates. Vinte’s highly qualified management team has over 28 years of experience in the Mexican housing sector.

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