MORADA

III.Catastro system

II.Informality

I.Housing urgency

Produced in largest cities

+50% STOCK

+25% POPULATION

+75% GDP Are low-quality Needs housing today

+40% Housing demand in Mexico is social housing

+55% social housing demanders are up to buy a house in less than 6 months; cash-ready buyers.

$30k is the price of social housing

MORADA

MEXICO CASE

Castro systems drives unaffordable real estate

One Morada unit is a shelter for buyers and a security for mortgage markets.

What? Centralize soft costs: Design and Logistics

A 3-sided marketplace platform to pick a MORADA unit.

Descentralize production: local suppliers

MORADA

Hardcost Landcost Softcost $30k 5% 45% $60k 8% 27% 65%

housing price in Mexico

MORADA

Average

-Mexico City: $120k-

Due diligence Lenders Suppliers and designers MORADA On-site assembling Shipping Production Offer Input= liabilities 10 days 15 days 70 days 3 days 5 days

One system, hundreds of models

Service Service : e.g ( bathroom kitchen ) Service wall

Water recycling system Solar : water and electricity Prefab bathroom Prefab dry toilet system On-site assembling Morada system MORADA 180-600 sqft

Independent operation

Why?

Collateralized,-higher rates

Lender

3% Deal (+Carbon Credits)

Supplier and Designers

5% Price

Why?

Margins 25% vs 15%, larger market share

Buyer

Baseline Plus

MVP + Customization

Why?

Budget-adjusted security

MORADA

Market.Yearly basis

Beachhead (units/year) LATAM TAM (units/year) Hospitality Refugee camps Local communities Mexico City Mexico Colombia Brazil/Chile/Arg LATAM TAM (sqm/year) 1,700,000 25,000,000 635 Xochimilco municipality Retail 20 years pipeline. $51 B $19 B $19

M

MORADA

MORADA

1st YEAR

Digital Platform $50,000.00 Plans, Rendering, Due diligence $30,000.00 Machinery $15,000.00 Vehicles $50,000.00 Leasing $24,000.00 $24,000.00 People $216,000.00 $216,000.00 Other $50,000.00 $75,000.00 Total expenses $435,000.00 $315,000.00 Suppliers $952,363.64 $952,363.64 Leasing $190,472.73 Customized elements $190,472.73 Carbon credits $95,236.36 Total revenues $952,363.64 $1,428,545.45 Minimum Beachhead market absorpotion 46% 22% Units to be sold per year 290 140 Units to be sold per month 24 12

MORADA

STABILIZED