Q1 2021 financial and opartating results of Dom Development S.A. Capital Group - leading polish house builder

1. PRESENTATION OF Q1 2021 RESULTS
13 MAY 2021
DOM DEVELOPMENT S.A. CONSOLIDATED GROUP

2. CONTENTS
1. Q1 2021 SUMMARY
1. HIGHLIGHTS 3
2. FINANCIAL RESULTS SUMMARY 4
3. MARKET 5
2. OPERATIONAL PERFORMANCE
1. Q1 2021 NET SALES 6
2. SALES SEGMENTATION 7
3. OFFER 8
4. PROJECTS LAUNCHED FOR CONSTRUCTION 9
5. UNITS UNDER CONSTRUCTION 10
6. LAND BANK – OWNED AND CONTROLLED 11
7. DELIVERIES 12
3. FINANCIAL RESULTS
1. PROFIT AND LOSS ACCOUNT 13
2. CUMULATIVE NET SALES TO BE RECOGNIZED IN P&L 14
3. BALANCE SHEET 15
4. DEBT MATURITY STRUCTURE 16
4. SUMMARY 17
5. APPENDICES
1. COMMENCEMENT OF HANDOVERS IN Q2-Q4 2021 19
2. PROJECTS UNDER CONSTRUCTION AND IN PREPARATION:
a) WARSAW 20
b) TRI-CITY 21
c) WROCLAW 22

3. 3
1.1. Q1 2021 HIGHLIGHTS
• Strongest-ever beginning to a year: 1 366 units delivered, with an average value of PLN 591k
• 1 084 units sold (+33% YoY) with high margin
• Very high levels of customer satisfaction (Group’s NPS* exceeded 70 points)
• Minimal disruption to projects despite a worsening COVID-19 epidemic
• PLN 647m cash as of 31 March 2021 (PLN 277m over and above the Group’s interest-bearing debt)
• Record-high dividend recommendation from the 2020 net profit: PLN 10.00 per share, PLN 254m in total
• Decision to enter the Cracow market through the acquisition of Sento S.A. (planned for Q2 2021)
*NPS – Net Promoter Score is an indicator calculated on the basis of customer satisfaction surveys, with a value ranging from -100 to 100 points; data on Polish
housing developers is not available, though the average value for UK developers is 42 points (National new home customer satisfaction survey, March 2021).

4. 4
1.2. Q1 2021 FINANCIAL SUMMARY (v. Q1 2020)
DELIVERIES 1 366 UNITS +149%
REVENUES PLN 807.9m +157%
GROSS MARGIN 32.5% +3.0 pp
NET PROFIT PLN 174.5m +353%
GEARING at 31.03.2021 (21)% -26 pp
Q1 features heavily in planned finished-
flat deliveries for the whole of 2021.
This is represented in strong financial
results for the period.
The average value (PLN 591k) and
profitability (33%) of sold units
recognized in the P&L statement reflect
the quality of our projects as well as
effective construction cost controls.
Negative gearing, i.e. the excess of cash
over loans and bond liabilities, confirms
the extraordinary strength of the Group
balance sheet.

5. 5
1.3. MARKET
• Strong demand across all market segments
• Gradual decrease in market supply due to administrative delays, permit problems and land shortages
particularly in Warsaw
• Strong demand alongside restricted supply results in accelerated price growth
• Negative real interest rates on bank deposits alongside low debt servicing costs provide a boost to
the housing market
• High mortgage availability and positive impact of low interest rates
• Cash purchases continue to account for approx. 40% of Group sales
• Rise in construction material prices and high availability of subcontractors

6. 6
2.1. QUARTERLY SALES
No. of units
RECORD-HIGH START TO THE YEAR, YoY VOLUME INCREASES ACROSS MARKETS
Net sales (units)
Q1
2021
Q1
2020
Change
YoY
Warsaw 600 497 +21%
Tri-City 342 220 +55%
Wroclaw 142 98 +45%
Dom Development
Group
1 084 815 +33%
61%
74% 58%
58% 55%
27%
18%
30%
31%
32%
12% 8%
11%
11%
13%
815 816
995
1 130
1 084
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
Warsaw Tri-City Wroclaw

7. 7
2.2. Q1 2021 SALES SEGMENTATION
HIGH SHARE OF PREMIUM FLATS UNDERSCORES GROUP MARKET POSITION
Unit sale value includes the price of a flat with fit-out (if purchased),
storage room (if purchased) and parking space (if purchased).
33%
14%
18%
22%
13%
Dom Development S.A.
Consolidated Group
over PLN 650k
PLN 550-650k
PLN 450-550k
PLN 350-450k
up to PLN 350k
Average transaction
value (PLN k)
Q1
2021
Q1
2020
Change
YoY
Warsaw 722 660 +9%
Tri-City 497 454 +9%
Wroclaw 447 456 (2)%
Dom Development
Group
612 578 +6%

8. 8
2.3. OFFER
SIGNIFICANT INCREASE OF TRI-CITY AND WROCLAW SHARE IN GROUP OFFER
No. of units
Group’s offer
by location
31.03.
2021
31.03.
2020
Change
YoY
Warsaw 959 1 163 (18)%
Tri-City 859 468 +84%
Wroclaw 557 259 +115%
Dom Development
Group
2 375 1 890 +26%
61%
70%
50% 42% 40%
14%
20% 36% 41%
36%
25%
10%
14% 17%
24%
1 890
2 019
2 377
2 482
2 375
31/03/2020 30/06/2020 30/09/2020 31/12/2020 31/03/2021
Warsaw Tri-City Wroclaw

9. 9
2.4. PROJECTS LAUNCHED FOR CONSTRUCTION
STICKING BY OUR SCHEDULE FOR NEW PROJECT LAUNCHES
Project/phases launches in Q1 2021:
Warsaw:
Apartamenty Służewiec (37 units)
Metro Zachód phase3/1 (145 units)
Osiedle Wilno IV phase 3 (154 units)
Osiedle Wilno IV phase 5 (158 units)
Tri-City:
Osiedle Przy Błoniach building B2 (45 units)
Zielony Południk building 15 (48 units)
Zielony Południk buildings 16-17;22-23 (90 units)
Wroclaw:
Apartamenty Ołtaszyn (158 units)
No. of units
326 402
1 184
159
494
180
174
495
677
183
101
356
158
506
576
1 780
1 192
835
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
Warsaw Tri-City Wroclaw

10. 10
2.5. UNITS UNDER CONSTRUCTION
No. of units
RECORD-HIGH NUMBER OF UNITS UNDER CONSTRUCTION - ALL SITES PROGRESSING ON TIME AND ON BUDGET
Units under
construction
31.03.
2021
31.03.
2020
Change
YoY
Warsaw 2 699 2 552 +6%
Tri-City 2 163 1 569 +38%
Wroclaw 717 763 (6)%
Dom Development
Group
5 579 4 884 +14%
52% 58% 53% 46% 48%
32% 29%
34% 39%
39%
16%
13%
13% 15%
13%
4 884
4 507
5 115
5 298
5 579
31/03/2020 30/06/2020 30/09/2020 31/12/2020 31/03/2021
Warsaw Tri-City Wroclaw

11. 11
2.6. LAND BANK – OWNED AND CONTROLLED
Land Bank Owned Controlled Total
Change
YoY
Warsaw 2 845 5 629 8 474 +22%
Tri-City 3 801 1 561 5 362 (9)%
Wroclaw 498 1 258 1 756 +23%
Dom Development
Group
7 144 8 448 15 592 +9%
SIGNIFICANT LAND PURCHASES IN WARSAW (+1 275 UNITS IN 4 LOCATIONS)
7 936 7 633 7 507 6 691 7 144
6 305 7 582
5 745 7 975
8 448
14 241
15 215
13 252
14 666
15 592
31/03/2020 30/06/2020 30/09/2020 31/12/2020 31/03/2021
Plots owned Plots controlled
No. of units to be developed

12. 12
2.7. DELIVERIES
STRONGEST-EVER START TO THE YEAR: 1 366 DELIVERED UNITS, WITH AN AVERAGE VALUE OF PLN 591K
No. of units
Deliveries in units
Q1
2021
Q1
2020
Change
YoY
Warsaw 906 430 +111%
Tri-City 150 38 +295%
Wroclaw 310 81 +283%
Dom Development
Group
1 366 549 +149%
78% 72%
28%
64%
66%
7%
27%
46%
26%
11%
15%
26%
10%
23%
549
692 692
1 073
1 366
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
Warsaw Tri-City Wroclaw

13. 13
3.1. PROFIT AND LOSS ACCOUNT
EARLY DELIVERIES RESULT IN DISPROPORTIONATE PERCENTAGE OF 2021 ANNUAL PROFIT BOOKED IN Q1
Profit and Loss Account Q1 2021 Q1 2020
Change
YoY
Q1 2021 Q4 2020
Change
QoQ
Sales Revenues 807.9 314.1 +157% 807.9 679.7 +19%
Handovers (units) 1 366 549 +149% 1 366 1 073 +27%
Revenue per unit (PLN’000) 591 572 +3% 591 633 (7)%
Gross Profit on Sales 262.9 92.7 +184% 262.9 223.1 +18%
Gross Profit Margin 32.5% 29.5% +3.0 pp 32.5% 32.8% (0.3) pp
Operating Profit 215.9 49.7 +334% 215.9 158.5 +36%
Operating Profit Margin 26.7% 15.8% +10.9 pp 26.7% 23.3% +3.4 pp
Profit Before Tax 216.1 48.1 +349% 216.1 160.1 +35%
Profit Before Tax Margin 26.7% 15.3% +11,4 p.p. 26.7% 23.6% +3.1 pp
Net Profit 174.5 38.5 +353% 174.5 127.0 +37%
Net Profit Margin 21.6% 12.3% +9,3 p.p. 21.6% 18.7% +2.9 pp
EPS (PLN) 6.87 1.54 +346% 6.87 5.04 +36%
IAS 15, PLN m

14. 14
0
500
1 000
1 500
2 000
2 500
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
2013 2014 2015 2016 2017 2018 2019 2020 2021
3.2. CUMULATIVE NET SALES TO BE RECOGNIZED IN P&L
(UNITS SOLD BUT NOT DELIVERED - PRESALES)
CONTINUING UPWARD TREND OF REVENUE POTENTIAL
PLN m
Units sold but not delivered (presales): Value
31.03.2020 3 627 units PLN 1 948m
31.03.2021 3 829 units, including: PLN 2 024m
• 260 finished units;
• 3 569 units under construction,
wiith 1 749 finishing in 2021

15. 15
3.3. BALANCE SHEET
STRONG BALANCE SHEET SUPPORTS GROUP DEVELOPMENT AND GROWTH IN SCALE OF OPERATIONS
PLN m
ASSETS 31.03.2021 31.03.2020 Change YoY
Current Assets 3 073.1 3 363.2 (8.6)%
Cash 646.9 639.8 +1.1%
Incl. escrow accounts 45.3 57.6 (21.2)%
Inventory, including: 2 277.3 2 620.6 (13.1)%
Land and proojects under construction 1 660.5 2 194.1 (24.3)%
Finished units, parking places and storage cells 234.9 194.4 +20.8%
Fixed Assets 74.5 72.9 +2.1%
TOTAL ASSETS 3 147.6 3 436.1 (8.4)%
EQUITY AND LIABILITIES 31.03.2021 31.03.2020 Change YoY
Equity 1 341.5 1 128.0 +18.9%
Total Liabilities 1 806.0 2 308.1 (21.8)%
Long-term liabilities 457.8 714.3 (35.9)%
Incl. Interest-bearing debt (bonds and loans) 260.0 593.4 (56.2)%
Short-term liabilities, including: 1 348.2 1 593.8 (15.4)%
Deferred income 828.5 978.8 (15.3)%
Interest-bearing debt (bonds and loans) 110.0 100.0 +10.0%
TOTAL EQUITY AND LIABILITIES 3 147.6 3 436.1 (8.4)%
FIXED
OTHER
INVENTORY
CASH
EQUITY
EQUITY
LONG-TERM
LIABILITIES
BONDS
OTHER
SHORT-TERM
LIABILITIES
TRADE
PAYABLES
AND OTHER
BONDS
LEASING
DEFFERRED
INCOME
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
2 600
2 800
3 000
ASSETS LIABILITIES
PLN m

16. 16
3.4. DEBT MATURITY STRUCTURE
WELL-SPREAD DEBT MATURITY GIVES US FLEXIBILITY
Cash (including escrow accounts) as of 31/03/2021 PLN 647m
Bond debt as of 31/03/2021 PLN 360m
Available credit lines as of 31/03/2021 PLN 375m
110
50 50 50
100
10
0
20
40
60
80
100
120
by 11.2021 by 12.2022 by 10.2023 by 12.2024 by 09.2025
Bonds Bank Loans
PLN m

17. 17
4. SUMMARY: Q1 2021
• Strong demand across market segments
• 1 084 units sold with high margin
• 2 375 units available for sale as at the end of March
• Record-high 5 579 units under construction at quarter end
• 1 366 units delivered with average value of PLN 591k
• Gross margin at 33% and net profit of PLN 174m
• PLN 647m cash at bank with negative gearing of 21%

18. ZAŁĄCZNIKI
APPENDICES

19. 19
APPENDIX 1: COMMENCEMENT OF HANDOVERS IN Q2-Q4 2021
PROJECT/PHASE LOCATION
NO. OF
UNITS
COMMENCEMENT OF
HANDOVERS
PROJECT/PHASE LOCATION
NO. OF
UNITS
COMMENCEMENT OF
HANDOVERS
Q2
OSIEDLE KOMEDY PHASE 1 WROCLAW 120 MAY'21
Q4
WILNO V PHASE 1 WARSAW 326 OCT'21
BEAUFORTA BUILDING 17 TRI-CITY 24 MAY'21 LOCUS BUILDING 4 TRI-CITY 91 NOV'21
METRO ZACHÓD PHASE 1 WARSAW 134 JUN'21 NASZE MIEJSCE BUILDING B TRI-CITY 44 NOV'21
ZIELONY POŁUDNIK BUILDING 5 TRI-CITY 22 JUN'21 PERSPEKTYWA PHASE 1/1 TRI-CITY 33 NOV'21
ZIELONY POŁUDNIK BUILDING 6 TRI-CITY 22 JUN'21 BEAUFORTA BUILDING 8 TRI-CITY 35 NOV'21
ZIELONY POŁUDNIK BUILDING 7 TRI-CITY 22 JUN'21 BEAUFORTA BUILDING 9 TRI-CITY 27 NOV'21
ZIELONY POŁUDNIK BUILDING 8 TRI-CITY 23 JUN'21 BEAUFORTA BUILDING 11 TRI-CITY 35 NOV'21
LOCUS BUILDING 3 TRI-CITY 71 JUN'21 ŻOLIBORZ ARTYSTYCZNY PHASE 13/1 WARSAW 158 DEC'21
Q3
DAWNA POCZTA TRI-CITY 106 JUL'21 ŻOLIBORZ ARTYSTYCZNY PHASE 13/2 WARSAW 55 DEC'21
BEAUFORTA BUILDING 18 TRI-CITY 35 AUG'21 METRO ZACHÓD PHASE 2/1 WARSAW 129 DEC'21
BEAUFORTA BUILDING 19 TRI-CITY 32 AUG'21 OSIEDLE GŁĘBOCKA PHASE 1 WARSAW 60 DEC'21
BEAUFORTA BUILDING 20 TRI-CITY 38 AUG'21 PERSPEKTYWA PHASE 1/2 TRI-CITY 21 DEC'21
ZIELONY POŁUDNIK BUILDING 13 TRI-CITY 50 SEP'21 ZIELONY POŁUDNIK BUILDINGS 18-19 TRI-CITY 44 DEC'21
OSIEDLE CIS TRI-CITY 148 SEP'21

20. 20
APPENDIX 2A:
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WARSAW
NO. OF UNITS, AS OF 31/03/2021
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
8
10
12
3
7
11
9
6
NO. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
8 PALLADIUM (AKACJE) --- 566
9 GŁĘBOCKA 271 ---
10 WILNO 851 222
11
REZYDENCJA
STANISŁAWA AUGUSTA
125 ---
12
STACJA GROCHÓW
(SIENNICKA)
390 ---
13 WAWER (NEW) --- 219
TOTAL
RIGHT BANK
1 637 1 007
NO. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 METRO ZACHÓD (+393) 532 546
2 LITERACKA (NEW) --- 530
3 ŻOLIBORZ ARTYSTYCZNY 493 ---
4 CIOŁKA (NEW) --- 133
5 LUDWIKI --- 429
6
APARTAMENTY SŁUŻEWIEC
(BOKSERSKA)
37 ---
7 PORY --- 200
TOTAL
LEFT BANK
1 062 1 838
2
1
4
5
13

21. 21
APPENDIX 2B:
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: TRI-CITY
NO. OF UNITS, AS OF 31/03/2021
1
5
3
6
7
8
2 9
10
11
4
12
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
13
14
NO. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 OSIEDLE BEAUFORTA 379 ---
2 PERSPEKTYWA 376 283
3 ZIELONY POŁUDNIK 415 138
4 DOLNE MIASTO --- 371
5 LOCUS 162 ---
6 OSIEDLE CIS 148 ---
7 OSIEDLE PRZY BŁONIACH 110 110
8 DAWNA POCZTA 106 ---
9 DOKI + MONTOWNIA 343 857
10 NASZE MIEJSCE 124 ---
11 DYNAMIKA --- 334
12 JASTARNIA --- 116
13 PIEKARNICZA --- 536
14 BEAUFORTA II --- 1 056
TOTAL
2 163 3 801
TRI-CITY

22. 22
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
3
2
1
4
APPENDIX 2C:
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WROCLAW
NO. OF UNITS, AS OF 31/03/2021
NO. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1
OSIEDLE CHOCIEBUSKA 11
(NOWY DWÓR)
196 ---
2
APARTAMENTY OŁTASZYN
(KUSTRONIA)
158 ---
3 KOMEDY (BUFOROWA) 203 353
4 ZIELNA 160 145
TOTAL
WROCLAW
717 498

23. Dom Development S.A. endeavours to ensure that the information in the presentation is complete. up-to-date and accurate. However, we
do not make any guarantees in this respect. Dom Development S.A. connot accept responsibilty for the consequences of using such
information. and in particular any loss caused by reliance thereon for the purpose of investment decisions. The material contained in the
presentation originates from reliable public sources and to the best knowledge of Dom Development S.A. may be considered reliable.
For further information please contact:
Magdalena Cumanis
tel. +48 22 351 68 49
e-mail: magdalena.cumanis@domd.pl
www.inwestor.domd.pl