2. Presentation Plan
2
Highlights 3
Residential Market in Q2 2014 4
Operations:
Quarterly Net Sales 5
Cancellations – Sales Quality 6 Dom’s Offer 7
New construction starts 8
Units under construction and in preparation 9
Handovers 10
Finance:
Profit & Loss Account 11
Gross Margin Analysis 12
Balance Sheet 13
Interest-bearing debt – maturity dates 14
Summary 15
Appendix 1: Commencement of Handovers in 2014 17
Appendix 2: Dom’s Projects under Construction and in Land Bank 18
Slide No.
3. Highlights
3
Forging Onward
Sales at levels of 2006-2007 boom period
Growing margins
H1 project launches at record-high levels (over 1,300 flats)
High cash levels maintained, PLN 295m as of 30 June 2014, gearing of 15%
4. Residential Market in Q2 2014
4
Warsaw market sales in Q2 confirm strength of market
Low interest rates is main support for demand
High number of new launches in Q2 confirms developers confidence in the market
Warsaw Q2 closing stock offer shows supply and demand in balance
Homes for the Young – low impact on Warsaw market in Q2 due to low price limits
13. 13
30.06.2014
30.06.2013
Change
Cash*
294.6
349.5
-15.7%
Work in Progress
1,043.8
1,011.7
3.2%
Net Interest-Bearing Debt
119.4
130.5
-8.5%
Shareholders’ Equity
813.3
829.1
-1.9%
Gearing
14.7%
15.7%
-1.1 pp
Net Assets per Share (PLN)
32.83
33.51
-2.0%
Balance Sheet IAS 18
PLN m
* Including cash in an escrow account
14. Comfortable Debt Maturity Structure
14
295
100
120
50
46
98
0
50
100
150
200
250
300
350
Cash as of
30.06.2014
by 30.06.2015
by 30.06.2016
by 30.06.2017
by 30.06.2018
Unsecured Bonds
Bank Loans
PLN m
15. Summary H1 2014 – Gathering Momentum
15
Sales and margins growing
3,138 units under construction and 2,451 available for sale at the end of Q2 2014
High cash levels and low net debt – high potential for land purchases and new starts
H1 2014 financial results in line with the consensus
17. 17
Project
No. of Units in Project
Commencement of Handovers
Q1
Derby 14 ph. 3
189
January 2014*
Młyny Królewskie
294
January 2014*
Klasyków ph. 2
236
February 2014*
Q2
Wilno I ph. 2B
124
May 2014*
Adria ph. 3
183
May 2014*
Willa na Harfowej
90
June 2014*
Q3
Saska ph. 3/3
170
August 2014*
Saska ph. 3/4
178
August 2014*
Q4
Żoliborz Artystyczny ph. 1
223
November 2014
Żoliborz Artystyczny ph. 2
152
November 2014
Derby 14/4
188
December 2014
* - Actual
Appendix 1: Commencement of Handovers in 2014
18. Appendix 2: Projects Under Construction and in Preparation as of 30/06/2014
18
TOTAL
UNDER CONSTRUCTION
IN PREPARATION
FINISHED
WARSAW
2 563
5 018
20 763
WROCLAW
575
155
246
DOM
3 138
5 173
21 009
PROJECT
UNDER CONSTRUCTION
IN PREPARATION
AL. PIASTÓW
171
---
OAZA
218
----
AURA
186
155
WROCLAW
575
155
PROJECT
UNDER CONSTRUCTION
IN PREPARATION
WILLA LINDEGO
121
---
ŻOLIBORZ ARTYSTYCZNY
825
749
REZYDENCJA MOKOTÓW
(NARUSZEWICZA)
133
---
WŁODARZEWSKA - DRAWSKA
----
104
GARAŻOWA
----
326
BUKOWIŃSKA
----
235
BUKOWIŃSKA
NAD SKARPĄ
----
207
TOTAL
LEFT BANK
1 079
1 621
PROJECT
UNDER CONSTRUCTION
IN PREPARATION
REGATY
----
204
PALLADIUM (AKACJE)
245
824
KLASYKÓW
---
435
DERBY
188
----
WILNO
317
1 316
SASKA
348
----
APARTAMENTY SASKA
NAD JEZIOREM
386
239
SASKA III
---
379
TOTAL
RIGHT BANK
1 484
3 397
19. Dom Development S.A. endeavours to ensure that the information in the presentation in complete, up-to-date and accurate. However, we do not make any guarantees in this respect. Dom Development S.A. connot accept responsibilty for consequences of using such information, in particular any loss caused by reliance thereon for the purpose of investment decisions. The material contained in the presentation originate from reliable public sources and to the best knowledge of Dom Development S.A. may be considered reliable.
19
For further information, please contact:
Magdalena Kempa
Investor Relations Specialist
tel. +48 22 351 68 49
e-mail: magdalena.kempa@domdevelopment.com.pl
www.inwestor.domdevelopment.com.pl