Dom Development S.A. reported strong Q1 2018 results, with unit sales up 5% YoY to 848 units. Revenues increased 80% YoY to PLN 203m and net profit was PLN 17.5m compared to a loss in Q1 2017. The company commenced construction of 7 new projects totaling 1,079 units. Favorable market conditions supported demand, though supply constraints caused construction cost increases.

1. Dom Development S.A.
Consolidated Group
Q1 2018 Results Presentation
26 April 2018

2. Highlights
Q1 2018
• Quarterly sales: 848 units (+5% YoY)
• Commencement of Dom Development S.A.’s own construction management
• Start of construction of 7 projects with 1,079 units (+88% YoY)
• Planned diversification – strengthening of operations in Tri-City and Wroclaw
2

3. Q1 2018 Financial Results – summary
• Handovers: 416 units (+81% YoY)
• Revenues: PLN 203m (+80 % YoY)
• Gross Profit Margin: 29.9% (+6.9 pp YoY)
• Net Profit: PLN 17.5m (Q1 2017: loss of PLN 1.0m)
• Gearing as of 31.03.2018: -1.6%
3

4. Market in Q1 2018
• High sales with increasing sales prices
• Favorable macroeconomic factors supported demand, including low interest
rates, low unemployment, decent GDP growth and strong wage growth
• Supply lags behind high demand
• Construction industry problems with liquidity and workforce shortage
result in construction costs increases and completion delays
• Very tough land purchase market
• High share of cash buyers – approx. 40% of overall transactions at Dom
Development
4

5. 5
Quarterly net sales
598 640 678
615
701 705 714
806
1 039 1 081 1 049
848
0
200
400
600
800
1 000
Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018
No. of units

6. 2 505
2 214 2 104 2 278
3 254
2 791 2 677
2 416
506
451
402
272
221
270 302
323
3 011
2 665
2 506 2 550
3 475
3 061 2 979
2 739
-
500
1 000
1 500
2 000
2 500
3 000
3 500
30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017 30/09/2017 31/12/2017 31/03/2018
Units under construction Finished units
6
Offer (units available for sale)
No. of units

7. 7
New Construction Starts
1 349
557
555 575
1 654
1 002
512
1 079
0
200
400
600
800
1 000
1 200
1 400
1 600
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018
12 projects4 projects4 projects8 projects 5 projects 6 projects 7 projects
No. of units
6 projects

8. 8
Units Under Construction
3 935 3 886
3 543
3 854
5 945
6 241
5 221 5 447
0
1 000
2 000
3 000
4 000
5 000
6 000
30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017 30/09/2017 31/12/2017 31/03/2018
No. of units

9. 9
Land Bank
6 734 7 016
6 450 6 688
8 306 8 207 8 447
7 904
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017 30/09/2017 31/12/2017 31/03/2018
No. of units

10. 10
Handovers
Units sold but not delivered (presales)
31.12.2017 31.03.2018
3 213
units
3 645
units, including:
• 836 finished units
• 2 809 units under construction, out of which
2 328 will be finished in 2018
564 500
1 162
230
674 553
1 472
416
0
200
400
600
800
1000
1200
1400
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018
No. of units

11. 11
Cumulative Net Sales to be Recognized in P&L
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
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
PLN m

12. 12
Financial Results: Profit and Loss
Profit and Loss Account Q1 2018 Q1 2017 Change
Sales Revenues 203.5 113.0 80%
Handovers (units) 416 230 81%
Revenue per unit (PLN’000) 489 491 0%
Gross Profit on Sales 60.8 26.0 134%
Gross Profit Margin 29.9% 23.0% 6.9 pp
Operating Profit 22,5 (1,0) -
Operating Profit Margin 11.1% (0.8)% 11.9 pp
Profit Before Tax 22.4 (1,0) -
Profit Before Tax Margin 11.0% (0.9)% 11.9 pp
Net Profit 17.5 (1,0) -
Net Profit Margin 8.6% (0.9)% 9.5 pp
EPS (PLN) 0.70 (0,04) -
IAS 18, PLN m

13. 13
Financial Results: Balance Sheet
Consolidated Balance Sheet 31.03.2018 31.03.2017 Change
Shareholders’ funds (equity) 1,023.8 931.8 10%
Net debt/(net cash)* (16.8) (149.8) -
Gearing (net debt/equity) (1.6)% (16.1)% 14.4 pp
Net asset value per share (PLN) 41.00 37.47 9%
Shares in issue (m) 25.0 24.9 0%
ROE (12M) 22.5% 13.5% 9.0 pp
ROCE (12M) 19.6% 13.0% 6.6 pp
*Bank debt plus bonds in issue less cash at banks (including escrow accounts) IAS 18, PLN m

14. 14
Debt Maturity Structure
0
100 110
50
0
35
0
20
40
60
80
100
120
140
160
by 31.03.2019 by 31.03.2020 by 31.03.2021 by 31.03.2022 by 31.03.2023
Bonds Loans
PLN m
Cash (including escrow accounts) as of 31/03/2018 PLN 312m
Bond debt as of 31/03/2018 PLN 260m
Available credit lines as of 31/03/2018 PLN 200m

15. 15
Summary: Q1 2018
 Commencement of own construction management in Warsaw
 Very good situation on Warsaw, Wroclaw and Tri-City markets
 848 units sold (5% rise YoY)
 2,739 units available for sale
 5,447 units on 42 projects under construction
 Commencement of 7 projects with 1,079 units
 New land bought for over 400 units in Tri-City and around 200 in Wroclaw
 Net profit of PLN 17.5m
 Gearing of: -1.6%

16. 16

17. 17
Appendix 1:
Commencement of handovers in 2018
Project Location
No.
of units
Commence-
ment of
handovers
Project Location
No.
of units
Commence-
ment of
handovers
Q2
Klasyków Wille Miejskie phase 2 Warsaw 204 Apr'18
Q4
Wilno VI phase 1 Warsaw 309 Oct'18
Premium phase 3 Warsaw 134 Apr'18 Premium phase 5 Warsaw 113 Nov'18
Idea building 4 Tri-City 31 Apr'18 Apartamenty Mokotów nad Skarpą 2 Warsaw 190 Nov'18
Moderna phase 4 Warsaw 189 May'18 Cybernetyki 17 phase 1 Warsaw 146 Nov'18
Futura Park building 9 Tri-City 42 May'18 Moderna phase 3 Warsaw 187 Nov'18
Aura phase 2 Wroclaw 172 May'18 Wille Lazurowa phase 2 Warsaw 102 Nov'18
Amsterdam phase 1 Warsaw 60 Jun'18 Spektrum building A Tri-City 169 Nov'18
Apartamenty Włodarzewska 30 Warsaw 123 Jun'18 Idea building 5 Tri-City 62 Nov'18
Impuls building D Tri-City 153 Jun'18 Nowy Horyzont building 11 Tri-City 38 Nov'18
Q3
Spektrum building B Tri-City 169 Jul'18 Apartamenty Park Szczęśliwicki Warsaw 46 Dec'18
Kwartet - Macierzy Szkolnej Tri-City 27 Jul'18 Dom na Bartyckiej Warsaw 131 Dec'18
Futura Park building 7 Tri-City 8 Jul'18 Forma phase 2 Warsaw 199 Dec'18
Impuls building C Tri-City 55 Aug'18 Amsterdam phase 2 Warsaw 314 Dec'18
Nowy Horyzont building 12 Tri-City 38 Aug'18 Cybernetyki 17 phase 2 Warsaw 247 Dec'18
Forma phase 1 Warsaw 95 Sep'18 Port Żerań phase 1 Warsaw 362 Dec'18
Viridis building A2 Tri-City 42 Sep'18 Premium phase 4 Warsaw 248 Dec'18
Scena Apartamenty Tri-City 61 Dec'18
Osiedle Viridis building A1 Tri-City 32 Dec'18
Commencement of handovers: on schedule/earlier/delayed

18. 18
Appendix 2a:
Projects Under Construction and in Preparation: Warsaw
no. of units, as of 31/03/2018
No. PROJECT
UNDER
CONSTRU-
CTION
IN
PREPARATION
1 ŻOLIBORZ ARTYSTYCZNY II --- 1 323
2 PREMIUM 361 ---
3 WILLE LAZUROWA 102 ---
4 OGRODOWA --- 175
5 WŁODARZEWSKA 70/72 --- 102
6
APARTAMENTY PARK
SZCZĘŚLIWICKI (PRZY PARKU)
46 ---
7 MARINA MOKOTÓW --- 763
8
APARTAMENTY MOKOTÓW NAD
SKARPĄ
190 ---
9 CYBERNETYKI 17 633 ---
10 WILLE TANECZNA --- 78
11
APARTAMENTY DOLNY MOKOTÓW
(SOBIESKIEGO)
153 ---
12 DOM NA BARTYCKIEJ 131 ---
TOTAL LEFT BANK 1 616 2 441
No. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
13 REGATY 272 ---
14 PALLADIUM (AKACJE) --- 566
15
PORT ŻERAŃ
(KOWALCZYKA)
362 482
16 MODERNA 187 ---
17
AMSTERDAM
(SAMARYTANKA)
576 ---
18 WILNO 520 1 369
19
FORMA
(MOTOROWA)
507 ---
20 SIENNICKA --- 557
TOTAL RIGHT BANK 2 424 2 974
Warsaw
14
16
17
194
9
18
12
2
1
3
6
7
8
11
13
5
10
15
20
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION

19. 19
Tri-City
1
2
4
57
6
3
11 8
No. PROJECT
UNDER
CONSTRUCTION
IN PREPARATION
1 OSIEDLE VIRIDIS 74 ---
2 IDEA 131 183
3 NOWY HORYZONT 76 ---
4 SPEKTRUM 570 ---
5 IMPULS 2 208 ---
6 OSIEDLE BEAUFORTA 26 582
7 SCENA APARTAMENTY 61 ---
8 KRYNICKA --- 158
9 FUTURA PARK 50 ---
10
ZIELONY POŁUDNIK
(STAROGARDZKA)
--- 587
11 KWARTET 27 9
12 RUMIA STOCZNIOWCÓW --- 250
13 GDYNIA MORSKA (NEW) --- 158
TOTAL TRI-CITY 1 223 1 927
12
910
13
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
Appendix 2b:
Projects Under Construction and in Preparation: Tri-City
no. of units, as of 31/03/2018

20. 20
No. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1
KSIĘŻE NOWE
(RYBNICKA)
132 ---
2 STABŁOWICKA --- 223
3 STUDIO ARTE 52 ---
4 KSIĘCIA WITOLDA --- 138
5 PIĘKNA --- 201
TOTAL WROCLAW 184 562
Wroclaw
1
2
5
3
4
Appendix 2c:
Projects Under Construction and in Preparation: Wroclaw
no. of units, as of 31/03/2018
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION

21. 21
Appendix 2d:
Projects Under Construction and in Preparation
Summary
LOCATION
NO. OF PROJECTS
UNDER CONSTRUCTION
NO. OF UNITS
UNDER CONSTRUCTION
NO. OF UNITS
IN PREPARATION
TOTAL
(NO. OF UNITS)
WARSAW 22 4 040 5 415 9 455
WROCLAW 2 184 562 746
TRI-CITY 18 1 223 1 927 3 150
TOTAL 42 5 447 7 904 13 351

22. 22
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
Investor Relations
tel. +48 22 351 68 49
e-mail: magdalena.cumanis@domd.pl
www.inwestor.domd.pl
Euro Styl S.A. results incorporation key:
• Sales volume – from Q2 2017
• New construction starts – whole 2017
• Deliveries and financial results – from 8 June 2017, i.e. the acquisition date