Ethics,
transparency
and integrity
in business
Profile
Historical
sales record
in the year
Operating for 38 years in the real estate market, MRV Engenharia e Participações S.A. (MRV) is the largest residential construction company in Latin America and, in Brazil, it leads the segment of popular real estate, in addition to being the only one to market units in more than 150 cities of 21 states and in the Federal District. 102-1 | 102-2 | 102-6
A publicly held corporation, its shares are distributed according to the following composition: 33.6% Rubens Menin Teixeira de Souza; 0.6% treasury shares; 58.6% other shareholders; 5.1% Prudention Plc; and 2.1% Board of Directors and Executive Board. The company is part of the New Market (Novo Mercado) segment of B3 S.A. – Brasil, Bolsa, Balcão (B3), the São Paulo stock exchange, under the ticker symbol MRVE3, that attests its commitment to the adoption of the most advanced corporate governance practices. It has also been part of the Enterprise Sustainability Index (ISE) portfolio of the same organization for two years and trades American Depositary Receipts (ADRs) in the OTC PINK of the Over the Counter Market (MRVNY code). It is also a signatory to the United Nations (UN) Global Compact and maintains initiatives aligned with the Sustainable Development Goals (SDGs). 102-5
The company, headquartered in the capital of Minas Gerais, Belo Horizonte, has stood out for the adoption of sustainable solutions in its buildings, in particular photovoltaic solar energy on a large scale. It is also author of the seals MRV + Green, for certification of enterprises that meet 17 recommendations related to sustainable practices, and MRV Green Works, specific for worksites that meet ten criteria on the same aspect, such as waste management, use of certified wood, reuse of water and priority adoption of natural lighting. Both seals are attested by Bureau Veritas Certification (BVQI). 102-3
In the end of 2017, with 14,273 direct employees, and other 8,048 outsourced workers the company had a historical record of sales, over 40,000 units, and net operating revenue of R$4,660 million, which means growth of 19% and 12%, respectively, in relation to the previous year. 102-7
Business, Mission, Vision, Values
Business
Development, construction and sale of housing units.
Mission
Make the dream of owning A home come true , offering real estate with the best performance in a cost-benefit analysis for customers.
Vision
Be the best company in development, construction and sale of popular real estate developments in Brazil.
Values 102-16
- Ethics and transparency
- Think as the customer does
- Generation of value for shareholders
- Committed team
- Share success
- Sustainability
North
Amazonas – Manaus
Tocantins – Palmas
Northeast
Alagoas – Maceió
Bahia – Camaçari, Feira de Santana, Lauro de Freitas, Salvador and Vitória da Conquista
Ceará – Eusébio, Fortaleza and Maracanaú
Maranhão – São José do Ribamar and São Luís
Sergipe – Aracaju and Barra dos Coqueiros
Piauí – Teresina
Pernambuco – Cabo de Santo Agostinho, Camaragibe, Caruaru, Jaboatão dos Guararapes, Olinda, Paulista and Recife
Paraíba – Cabedelo, Campina Grande and João Pessoa
Rio Grande do Norte – Natal and Parnamirim
South
Paraná – Arapongas, Araucária, Cambé, Campo Largo, Colombo, Curitiba, Londrina, Maringá, Ponta Grossa, São José dos Pinhais and Sarandi
Rio Grande do Sul – Canoas, Caxias do Sul, Gravataí, Novo Hamburgo, Porto Alegre, São Leopoldo, Sapucaia do Sul and Viamão
Santa Catarina – Blumenau, Itajaí, Jaraguá do Sul, Joinville, Palhoça and São José
Midwest
Distrito Federal – Águas Claras, Ceilândia, Gama, Planaltina, Santa Maria and Taguatinga
Goiás – Anápolis, Aparecida de Goiânia, Goiânia and Valparaíso de Goiás
Mato Grosso – Cuiabá and Várzea Grande
Mato Grosso do Sul – Campo Grande
Southeast
Espírito Santo – Cariacica, Serra, Viana, Vila Velha and Vitória
Minas Gerais – Belo Horizonte, Betim, Contagem, Governador Valadares, Juiz de Fora, Lagoa Santa, Montes Claros, Nova Lima, Ribeirão das Neves, Santa Luzia, Sete Lagoas, Uberaba, Uberlândia and Vespasiano
São Paulo – Americana, Aparecida, Araçatuba, Araraquara, Araras, Barretos, Bauru, Birigui, Botucatu, Cajamar, Campinas, Campo Limpo Paulista, Catanduva, Cotia, Ferraz de Vasconcelos, Franca, Guarulhos, Hortolândia, Indaiatuba, Itapevi, Itaquaquecetuba, Itatiba, Itu, Jacareí, Jundiaí, Limeira, Marília, Mauá, Mirassol, Mogi das Cruzes, Mogi Guaçu, Mogi Mirim, Osasco, Ourinhos, Paulínia, Pindamonhangaba, Piracicaba, Poá, Presidente Prudente, Ribeirão Preto, Rio Claro, Salto, Santa Bárbara D’Oeste, Santo André, São Bernardo do Campo, São Carlos, São José do Rio Preto, São José dos Campos, São Paulo, Sertãozinho, Sorocaba, Sumaré, Suzano, Tatuí, Taubaté and Votorantim
Rio de Janeiro – Belford Roxo, Campos dos Goytacazes, Duque de Caxias, Itaboraí, Macaé, Niterói, Resende, Rio das Ostras, Rio de Janeiro, São Gonçalo and Volta Redonda
Highlights 2017 102-7
Part of the ISE Index of the
São Paulo stock exchange (B3)
Investment of
R$ 5,646,923.18 in actions
conducted by the MRV Institute
Investment of
R$ 223,360,660.00 in
infrastructure works in the
neighborhoods and municipalities
where the enterprises are
Launch of more than
17,000 units with
photovoltaic solar energy
Announcement of
R$ 50 billion
investment in the construction
of popular real estate by 2028
Conclusion of
38,140 housing
UNITES
Over
300,000 customers
throughout Brazil
|
MRV's numbers |
2015 |
2016 |
2017 |
|
Number of employees |
16,550 |
14,673 |
14,273 |
|
Net revenue (R$ million) |
4,763 |
4,249 |
4,760 |
|
Ebitda (R$ million) |
669 |
637 |
892 |
|
Ebitda margin (%) |
14 |
15 |
19 |
|
Net profit (R$ million) |
548 |
557 |
653 |
|
Taxes paid (R$ million) |
397 |
384 |
408 |
|
Indebtedness index (%) |
10.4 |
5.4 |
6.5 |
|
Added value (R$ million) |
2,072 |
1,902 |
2,140 |
|
Sales hired (R$ million) |
5,497 |
5,259 |
6,055 |
|
Sales hired (units) |
35,782 |
34,082 |
40,512 |
|
Releases (R$ million) |
4,705 |
3,987 |
5,627 |
|
Releases (units) |
31,871 |
26,366 |
37,155 |
|
Units concluded |
37,540 |
37,459 |
38,140 |
|
Works in progress |
223 |
214 |
206 |
Recognition
In 2017, MRV received prizes and awards that attest its good practices in all dimensions of sustainability.
PINI Best in Construction Award | First place in the award granted by PINI, a company that operates in the construction market with focus on the development of software, education and publications, following the technical performance and demands of the entire production chain of the sector.
Plus Brands | First placed in its category, in all regions of the country in the ranking organized by the newspaper O Estado de S. Paulo.
Iconic Brands | MRV was among the brands most recalled by consumers in the state of Espírito Santo and was included in the Iconic Brands magazine, of the newspaper Folha Vitória.
ITC Ranking | In a ranking of the 100 Largest Construction Companies in Brazil, organized by ITC, which specializes in the development of engineering and technology solutions for various markets, MRV achieved the first place.
Most Value Produced (MVP) | Ranking prepared by Consumidor Moderno magazine, which placed the company in the leadership among those that generate most value in the Engineering and Construction segment.
Exame Largest and Best | The ranking published by Exame magazine positioned MRV at the first place among companies that grew the most in Brazil in the last five years.
National Innovation Award | An initiative by Mobilização Empresarial da Inovação (MEI), the National Confederation of Industry (CNI) and Sebrae, it recognized MRV as the most innovative company in the industrial sector.
Época 360º Award | The construction company achieved first place in the Innovation Capacity category, in the Construction sector, a recognition by Época magazine.
Top Real Estate Award | MRV was ranked as the third best construction company and the fourth best developer in the São Paulo market, in an award organized by the newspaper O Estado de S. Paulo.
Minas Award – Business Performance – Best and Largest Companies | Offered by Mercado Comum, a national publication on economics, finance and business.
Hugo Werneck Award of Sustainability & Love to Nature| Granted to the founder and chairman of MRV’s Board of Directors, Rubens Menin, by the Ecological Group, as recognition of people, projects and institutions that develop sustainable practices.
Most Admired Executives in Brazil | An event by Análise Editorial, it highlighted executive Maria Fernanda Menin among the most admired executives in the Legal Area.
Conarec Award | | The award results from a study developed by the Standard Intelligence Centre (CIP), and MRV stood out in the Customer Relations criterion in the construction and development segment.
The 100 most innovative companies in the use of IT | Offered in partnership with PricewaterhouseCoopers (PwC), it contextualizes innovation governed by the largest companies in the country and placed MRV as leader in the engineering and construction industry.
Occupational Safety Sinduscon MG Seconci – MG | Leader in two categories – Prevention Company and Standout Company in Living Area – in the 19th edition of the award, promoted by Sinduscon and Seconci as recognition of good management of occupational safety in the field of construction.
Environmentally-friendly Company | Seal granted by the City Hall of Fortaleza (CE), by means of the Department for the Environment, based on environmental education programs, adequate waste treatment and the afforestation program.
Companies that best communicate with journalists | Offered, for the second consecutive year, by the Center for Communications Studies (Cecom) and by the Negócios da Comunicação magazine, in the Civil Construction category. The award recognizes quality of the relationship of companies with journalists and the market.
Entrepreneur of the Year | The award was granted to the founder and chairman of the Board of Directors, Rubens Menin, by consulting firm Ernst & Young. Highlight in the Master category, the executive will represent Brazilian entrepreneurship in the worldwide stage of the Award – EY World Entrepreneur Of The Year™ – which will be held in Monte Carlo, in the Principality of Monaco, in June 2018.
Friend of the Judiciary Company | Gold Seal granted by the Court of Justice (TJ) of the Federal District by virtue of campaigns held in several cities to seek conciliation with plaintiffs of lawsuits involving the company.
ISO-14001 and OHSAS-18001 | Both certifications were renewed in the year.
Carbon Disclosure Program (CDP) | International non-profit organization that represents the main initiative of the financial sector for transparency and corporate communication on risks and opportunities related to climate change, water management and preservation of forests and biodiversity. The program works as a global disclosure system that measures, discloses, manages and shares information about sustainable management of companies, cities, states and regions, as well as combines the most complete set of self-reported environmental data in the world. Such information allows investors, companies and governments to understand the impacts that they cause on the environment, seek mitigation measures and identify opportunities to act more responsibly. With a network of investors and buyers that represents more than US$100 trillion, the relevance of the program for the market is evident. Currently, 50 partners and more than 5,600 organizations report their climate data.
Caixa Blue House Seal | Sustainability classification instrument for housing development projects, which seeks to recognize more efficient actions applied to construction, use, occupancy and maintenance of buildings, in order to encourage rational use of natural resources and improvement of the quality of housing and areas in their vicinity.
