FY 2017 financial and opartating results of Dom Development S.A. Capital Group - leading polish houe builder

1. Dom Development S.A.
Consolidated Group
2017 Annual Results Presentation
7 March 2018

2. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
• PLN 260m acquisition of the Euro Styl S.A. Capital Group
– approx. 10% of the Tri-City market
• Record scale of activity after Euro Styl acquisition:
• Almost 4,000 units sold and nearly 3,000 delivered in 2017
• Commencement of 29 projects with over 3,700 units
• All 23 projects finished in 2017 with approx. 3,000 units met timely completion
• Maintained attractive land bank
– 16 new plots for 4,200 units, PLN 351m spent
• Significant progress in the Group’s expansion in the Wroclaw market
2

3. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
• Handovers: 2,929 units (+18 % YoY)
• Revenues: PLN1,405m (+ 22 % YoY)
• Gross Profit Margin: 27.5% (+ 4 pp YoY)
• Net Profit: PLN 190.8m (+ 52 % YoY)
• Dividend Recommendation: PLN 7.60 per share (+50% YoY)
• Gearing as of 31.12.2017: 6.4 %
3

4. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
• Strong sales with increasing sales prices
• Favorable macroeconomic factors supported demand, including low interest rates,
low unemployment, decent GDP growth and strong wage growth
• Diminishing supply of new flats led to reduction in market offer
• High share of cash buyers – approx. 40% of overall transactions at Dom Development
• Very high competition in the land market
• Construction industry problems with liquidity and workforce shortage
result in construction costs increases and completion delays
4

5. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
5
820
1 468
1 801
1 478 1 699
1 944
2 383 2 735
3 975
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
2009 2010 2011 2012 2013 2014 2015 2016 2017
+45%
No. of units

6. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
6
467
598 640 678
615
701 705 714
806
1 039 1 081 1 049
0
200
400
600
800
1 000
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017
No. of units

7. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
7
24%
40%
70%
28%
29%
23%
22%
22%
7%
26%
9%
0
500
1 000
1 500
2 000
2 500
3 000
Warsaw
Dom Development S.A.
Tri-City
Euro Styl S.A.
Wroclaw
Dom Development Wrocław Sp. z o.o.
up to PLN 350k
PLN 350-450k
PLN 450-550k
over PLN 550k
* Transaction value includes price of a flat with fit-out (if purchased), storage room (if purchased) and parking place (if purchased).

8. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
1 621 1 555 1 545 1 679
2 022
1 696
2 104
2 677
219 242
496 261
312
557
402
302
1 840 1 797
2 041
1 940
2 334 2 253
2 506
2 979
-
500
1 000
1 500
2 000
2 500
3 000
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017
Units under construction Finished units
8
No. of units
Offer as of 31/12/2017: 17 locations in Warsaw, 8 in the Tri-City and 2 in Wroclaw

9. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
9
10,3 10,6
7,9
9,6 9,4
19,0
7,7
8,5
6,8
9,0
8,2
13,1
0
2
4
6
8
10
12
14
16
18
20
Warsaw Dom Development
S.A.
Tri-City Euro Styl Wroclaw Dom Development
Wrocław sp. z o.o.
2016 2017
months
The chart shows the number of months required to exhaust the year-end offers of Dom and the whole market, if sales volumes remain constant;
it is calculated using the formula: offer as of the year end/sales in a given year; own analysis based on Reas and Group data

10. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
10
2 199
1 716 1 721 1 892 1 960
2 403
2 887
Q1:
575
Q2:
1 654
Q3:
1 002
Q4:
512
0
500
1 000
1 500
2 000
2 500
3 000
3 500
2010 2011 2012 2013 2014 2015 2016 2017
2017: 3,743 units in 29 projects
+30%
No. of units
19 projects10 projects 10 projects12 projects 13 projects12 projects11 projects

11. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
11
2 989
2 153
3 029 2 927 2 958
3 543
5 221
0
1 000
2 000
3 000
4 000
5 000
31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017
31/12/2017: 41 projects under construction
+47%
No. of units

12. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
12
8 190
7 152
6 360
4 672
6 504 6 450
8 447
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017
+32%
No. of units

13. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
13
Units sold but not delivered (presales)
31.12.2016 31.12.2017
1 680
units
3 213
units, including:
• 428 finished units
• 2 785 units under construction, out of which
2 553 will be finished in 2018
707
1 313
2 011
1 594
1 996 2 062
2 482
2 929
0
500
1 000
1 500
2 000
2 500
3 000
2010 2011 2012 2013 2014 2015 2016 2017
No. of units

14. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
14
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
2013 2014 2015 2016 2017
PLN m

15. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Profit and Loss Account Q4 2017 Q4 2016 Change 2017 2016 Change
Sales Revenues 724.0 567.1 28% 1,404.7 1,153.0 22%
Handovers (units) 1,472 1,162 27% 2,929 2,482 18%
Revenue per unit (PLN’000) 491.8 488.0 1% 479.6 464.6 3%
Gross Profit on Sales 201.8 141.8 42% 385.7 271.1 42%
Gross Profit Margin 27.9% 25.0% 2.9 pp 27.5% 23.5% 4.0 pp
Operating Profit 145.7 105.0 39% 235.4 156.6 50%
Operating Profit Margin 20.1% 18.5% 1.6 pp 16.8% 13.6% 3.2 pp
Profit Before Tax 146.1 105.5 39% 236.2 155.9 52%
Profit Before Tax Margin 20.2% 18.6% 1.6 pp 16.8% 13.5% 3.3 pp
Net Profit 116.8 85.4 37% 190.8 125.8 52%
Net Profit Margin 16.1% 15.1% 1.0 pp 13.6% 10.9% 2.7 pp
EPS (PLN) 4.70 3.44 37% 7.67 5.07 51%
15
IAS 18, PLN m

16. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
16
Consolidated Balance Sheet 31.12.2017 31.12.2016 Change
Shareholders’ funds (equity) 1,002.3 929.5 7.8%
Net debt/(net cash)* 63.8 (57.1) -
Gearing (net debt/equity) 6.4% (6.1)% -
Net asset value per share (PLN) 40.31 37.50 7.5%
Shares in issue (m) 24.9 24.8 <1%
ROE 20.5% 14.2% 6.3 pp
ROCE 18.1% 13.2% 4.9 pp
*Bank debt plus bonds in issue less cash at banks (including escrow accounts) IAS 18, PLN m

17. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
17
34,5%
38,5%
5,6%
12,8%
2,2%
14,2%
4,8%
16,4%
-6,1%
6,4%
-10%
0%
10%
20%
30%
40%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

18. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
18
Cash flow 31.12.2017 31.12.2016
Profit/(loss) before tax 236.2 155.9
Changes in inventory (163.8) (34.2)
Changes in prepayments and deferred income 131.0 113.5
Other adjustments 42.1 53.7
Cash flow generated from operating activities 245.6 288.9
Interest paid and received (11.5) (12.0)
Income tax paid (35.9) (11.7)
Cash flow from operating activities after interest and tax 198.1 265.2
Cash flow from investing activities (212.9) (6.0)
Net cash flow from financing activities (119.9) (66.6)
Increase / (decrease) in net cash and cash equivalents (134.7) 192.7
Cash and cash equivalents – opening balance 414.3 221.6
Cash and cash equivalents – closing balance 279.7 414.3
IAS 18, PLN m

19. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
19
0,15
2,04
0,80 0,80 0,90
1,50
3,68
2,20 2,25
3,25
5,05
7,60*
0,1%
3,3%
2,1%
1,5%
1,9%
4,9%
8,5%
4,4% 4,5%
6,3%
6,6%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
0,00
1,00
2,00
3,00
4,00
5,00
6,00
7,00
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
3% 25% 14% 23% 56% 45% 100% 100% 100% 100% 100% 100%
Dividend yield % of net profit
Dividend per share(PLN)
*Management Board’s Recommendation

20. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
20
50
100 110
5050
35
0
20
40
60
80
100
120
140
160
by 31.12.2018 by 31.12.2019 by 31.12.2020 by 31.12.2021 by 31.12.2022
Bonds Loans
PLN m
Cash (including escrow accounts) as of 31/12/2017 PLN 331m
Bond debt a of 31/12/2017 PLN 310 m
Available credit lines as of 31/12/2017 PLN 150 m

21. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
21
 Dom Development S.A. Group’s business scale increased thanks to the Euro Styl S.A.
acquisition
 Significant progress in the Group’s expansion in the Wroclaw market
 3,975 units sold (45% rise YoY)
 All 23 projects finished in 2017 with 2,971 units met timely completion
 5,221 units on 41 projects under construction
 Commencement of 29 projects with 3,743 units
 New land bought for around 4,200 units including over 500 units in Wroclaw
 Increase in net profit of 52% YoY
 Gearing of 6.4%

22. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
22

23. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
23
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
Moderna phase 4 Warsaw 189 May'18 Apartamenty Mokotów nad Skarpą 2 Warsaw 190 Nov'18
Idea building 4 Tri-City 31 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
Appendix 1:
Commencement of handovers in 2018
Commencement of handovers: on schedule/earlier/delayed

24. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
24
No. PROJECT
UNDER
CONSTRU-
CTION
IN
PREPARATION
1 ŻOLIBORZ ARTYSTYCZNY II --- 1 323
2 PREMIUM 495 ---
3 WILLE LAZUROWA 102 ---
4 OGRODOWA (NEW) --- 175
5
WŁODARZEWSKA 30
(NOWOSOLIPSOWSKA)
123 ---
6 WŁODARZEWSKA 70/72 (NEW) --- 102
7
APARTAMENTY PARK
SZCZĘŚLIWICKI (PRZY PARKU)
46 ---
8 MARINA MOKOTÓW --- 763
9
APARTAMENTY MOKOTÓW
NAD SKARPĄ
190 ---
10 CYBERNETYKI 17 393 240
11 WILLE TANECZNA --- 116
12 SOBIESKIEGO --- 153
13 DOM NA BARTYCKIEJ 131 ---
TOTAL LEFT BANK 1 480 2 872
No. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
14 REGATY 72 200
15 PALLADIUM (AKACJE) --- 566
16 KLASYKÓW 204 ---
17
PORT ŻERAŃ
(KOWALCZYKA)
362 482
18 MODERNA 376 ---
19
AMSTERDAM
(SAMARYTANKA)
374 202
20 WILNO (+272) 520 1 373
21 FORMA (MOTOROWA) 507 ---
22 SIENNICKA --- 533
TOTAL RIGHT BANK 2 415 3 356
Warsaw
14
15 16
17
19
20
10
4
9
18
21
12
2
1
3
6 7
8
11
13
22
5
Appendix 2a:
Projects Under Construction and in Preparation
Warsaw no. of units, as of 31/12/2017
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION

25. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
25
1
2
4
57
6
3
11 8
No. PROJECT UNDER CONSTRUCTION IN PREPARATION
1 OSIEDLE VIRIDIS 74 ---
2 IDEA 162 183
3 NOWY HORYZONT 76 ---
4 SPEKTRUM 338 232
5 IMPULS 2 208 ---
6 OSIEDLE BEAUFORTA 26 582
7 SCENA APARTAMENTY 61 ---
8 KRYNICKA --- 158
9 FUTURA PARK (NEW) 50 ---
10
ZIELONY POŁUDNIK
(STAROGARDZKA)
--- 649
11 KWARTET (NEW) 27 9
12 RUMIA (NEW)* --- 250
TOTAL 1 022 2 063
12
910
Appendix 2b:
Projects Under Construction and in Preparation
Tri-City no. of units, as of 31/12/2017
Tri-City
* FINAL AGREEMENT AFTER 31.12.2017
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION

26. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
26
No. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 KSIĘŻE NOWE (RYBNICKA) 132 ---
2 AURA 172 ---
3 STABŁOWICKA --- 223
4 STUDIO ARTE (NEW) --- 51
5 KSIĘCIA WITOLDA (NEW) --- 132
6 PIĘKNA (NEW)* --- 201
WROCLAW 304 607
Wroclaw
1
2
3
4
5
6
Appendix 2c:
Projects Under Construction and in Preparation
Wroclaw no. of units, as of 31/12/2017
* FINAL AGREEMENT AFTER 31.12.2017
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION

27. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
27
LOCATION
NO. OF PROJECTS
UNDER CONSTRUCTION
NO. OF UNITS
UNDER CONSTRUCTION
NO. OF UNITS
IN PREPARATION
TOTAL
(NO. OF UNITS)
WARSAW 23 3 895 6 228 10 123
WROCLAW 2 304 607 911
TRI-CITY 9 1 022 2 063 3 085
TOTAL 34 5 221 8 898 14 119
Appendix 2d:
Projects Under Construction and in Preparation
Summary

28. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
28
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
• Sales segmentation – whole 2017
• New construction starts – whole 2017
• Deliveries and financial results – from 8 June 2017, i.e. the acquisition date