Dom Development S.A. H1 2017 financial and operational results presentation

1. Dom Development S.A. Consolidated Group
/Consolidated accounts/
H1 2017 Results Presentation
24 August 2017

2. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Q2 2017
• Acquisition of Euro Styl S.A. funded entirely from own resources, for PLN 260m
• Dom Development’s scale of activity boosted after the acquisition of Euro Styl *
• Record quarterly sales of 850 units (+21% YOY). 1,039 units (+48% YOY) including Euro Styl
• 3,475 units in Dom’s offer as of June 2017 (+15% YOY)
• 5,945 units under construction (+51% YOY)
• Preliminary agreement for a plot on Powązkowska Street, Warsaw - with a potential of
1,350 units (continuation of the Żoliborz Artystyczny project) **
2
* Euro Styl data are presented as on Q2 2017 or on 30 June 2017, if not stated otherwise
**Contract concluded in July 2017

3. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Financial Results Q2 2017 - summary
• Handovers: 674 units (+20% YOY)
• Revenues: PLN 322.5m (+ 41% YOY )
• Gross Profit Margin: 28% (+ 7 p.p. YOY)
• Net Profit: PLN 49.0m (+ 166% YOY)
• Operating Cash flow: PLN 208.9m (+ 60% YOY)
• Net Cash: PLN 105m; no net debt, even after acquisition of Euro Styl
3

4. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Residential Market in Q2 2017
• Strong sales with slight price increases
• Favorable macroeconomic factors supported demand, including low interest rates
and record low unemployment
• Increasing share of cash buyers – approx. 40% of overall transactions at Dom
Development
• Very high competition in the land market
4

5. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
509 545
467
598 640 678
615
701 705 714
806 850
189
0
200
400
600
800
1,000
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
5
No. of units
- Euro Styl
1 039

6. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
6
* Transaction value includes price of a flat with fit-out (if purchased), storage room (if purchased) and parking space (if purchased)
26% 27% 24% 26% 24% 24% 28%
18% 17% 22% 23% 24%
37% 37%
35% 32% 33% 29% 23%
22% 23%
25%
33% 29%
18% 18%
22% 21% 24%
23% 21%
25% 26%
21%
22%
20%
19% 18% 20% 21% 19% 24% 28%
35% 34% 31%
22% 27%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
up to PLN 350k PLN 350-450k PLN 450-550k over PLN 550k

7. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
2,397
1,696 1,548
2,505
2,214 2,104
2,278
2,797
457
357
557
547
506
451
402
272
204
17
0
500
1,000
1,500
2,000
2,500
3,000
3,500
30/09/2015 31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017
2 754 2 253 2 095 3 011 2 665 2 506 2 550 3 475
7
No. of units
- Units under construction - Finished units - Euro Styl

8. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
8
735
279 426
1 349
557 555 517
1 443
211
0
200
400
600
800
1 000
1 200
1 400
1 600
Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
No. of units
7 projects4 projects4 projects3 projects 8 projects 3 projects4 projects 2 projects
- Euro Styl
5 projects
1 654
12 projects

9. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
3,989
2,958 3,085
3,935 3,886
3,543
3,854
4,848
1,097
0
1,000
2,000
3,000
4,000
5,000
6,000
30/09/2015 31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017
- Euro Styl
9
No. of units 5 945

10. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
5,001
6,504 6,648 6,734 7,016
6,450 6,688 7,010
1,296
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
30/09/2015 31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017
- Euro Styl
10
No. of units
8 306

11. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
11
Units sold but not delivered (presales)
31.03.2017 30.06.2017
2 256
units
3 056
units, including:
• 246 finished units
• 2 810 units under construction
478
1 019
256
564 500
1 162
230
635
39
0
200
400
600
800
1000
1200
Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
No. of units
674
*
* Euro Styl handovers for the period of 8 June – 30 June, i.e. after aquisition
- Euro Styl

12. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
12
PLN m
200
400
600
800
1,000
1,200
1,400
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
2013 2014 2015 2016 2017
- including Euro Styl

13. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Simplified profit and loss account
Profit and Loss Account Q2 2017 Q2 2016 Change H1 2017 H1 2016 Change
Sales Revenues 322.5 228.7 +41% 435.5 367.7 +18%
Handovers (units) 674 564 +20% 904 820 +10%
Revenue per unit 478 405 +18% 482 448 +7%
Gross Profit on Sales 90.3 48.1 +88% 116.4 79.9 +46%
Gross Profit Margin 28.0% 21.1% +7.0 p.p. 26.7% 21.7% +5.0 p.p.
Operating Profit 58.3 23.2 +151% 57.3 30.6 +87%
Operating Profit Margin 18.1% 10.2% +7.9 p.p. 13.2% 8.3% +4.8 p.p.
Profit Before Tax 59.0 23.2 +155% 58.0 29.6 +96%
Profit Before Tax (%) 18.3% 10.1% +8.2 p.p. 13.3% 8.0% +5.3 p.p.
Net Profit 49.0 18.4 +166% 48.0 23.5 +104%
Net Profit (%) 15.2% 8.1% +7.1 p.p. 11.0% 6.4% +4.6 p.p.
EPS (PLN) 1.9 0.7 +161% 1.93 0.95 +103%
13
IAS 18. PLN m

14. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Simplified balance sheet
14
Consolidated Balance Sheet 30.06.2017 30.06.2016 Change
Shareholders’ funds (equity) 855.1 826.6 3%
Net debt/(net cash)* -105.3 -2.9 N/A
Gearing (net debt/equity) N/A N/A N/A
Net asset value per share (PLN) 34.39 33.35 3%
Shares in issue (m) 24.9 24.8 -
ROE (12M) 18.2% 12.3% 5.9 p.p.
ROCE (12M) 18.0% 12.2% 5.8 p.p.
*Bank debt plus bonds in issue less cash at banks (including escrow accounts)
IAS 18, PLN m

15. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Simplified cash flow
15
IAS 18, PLN m
Cash flow 30.06.2017 30.06.2016
Profit/(loss) before tax 58.0 29.6
Changes in inventory (66.9) (142.8)
Changes in prepayments and deferred income 254.2 228.0
Other adjustments (2.5) 27.2
Cash flow generated from operating activities 242.8 141.9
Interest paid and received (6.2) (5.7)
Income tax paid (27.7) (6.0)
Cash flow from operating activities after interest and tax 208.9 130.2
Cash flow from investing activities (200.6) (3.4)
Net cash flow from financing activities (122.1) (19.5)
Increase / (decrease) in net cash and cash equivalents (113.8) 107.3
Cash and cash equivalents – opening balance 414.3 221.6
Cash and cash equivalents – closing balance 300.5 328.9

16. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
16
50
0
100
0
110
0
20
40
60
80
100
120
by 30.06.2018 by 30.06.2019 by 30.06.2020 by 30.06.2021 by 30.06.2022
unsecured bonds Bank loans
PLN m
Cash (including escrow accounts) as of 30/06/2017 PLN 365m
Bond debt at 30/06/2017 PLN 260m
Available credit lines as of 30/06/2017 PLN 235m

17. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Q2 2017
17
Summary:
 Euro Styl acquisition has stepped up the scale of Dom Development S.A.
 Very good situation in Warsaw, Wroclaw and Tri-City (Euro Styl) markets
 5,945 units under construction on 37 projects
 Launch of 12 projects with 1,654 units
 3,475 units in offer
 1,039 units sold (increase +48% YOY)
 New land for over 1,600 units in Warsaw and 150 units in Tri-City*
 Increase in net profit of more than 160% (YOY)
 PLN 105m in net cash
* Purchase of land as of 23/08/2017

18. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
18

19. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
19
Appendix 1:
Commencement of handovers in 2017
Commencement of handovers: on schedule/earlier/delayed
* Tri-City
Project No. of units in project Commencement of handovers
Q3
Brama Żuław building A* 49 July 2017
Palladium phase 1 214 August 2017
Osiedle Cytrusowe buildings A12, A13* 46 August 2017
Osiedle Viridis building A3* 58 September 2017
Idea building B3* 58 October 2017
Osiedle Cytrusowe buildings B16, B17* 46 October 2017
Q4
Premium phase 2 236 October 2017
Ursynovia phase 1 79 October 2017
Ursynovia phase 2 111 October 2017
Moderna phase 2 194 November 2017
Osiedle Pod Różami phase 3 50 November 2017
Saska III 359 November 2017
Żoliborz Artystyczny phase 5 126 November 2017
Żoliborz Artystyczny phase 6 137 November 2017
Żoliborz Artystyczny phase p 7 140 November 2017
Wille Taneczna 119 December 2017
Wilno III phase 2 129 December 2017
Wilno III phase 3 111 December 2017

20. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
20
No PROJECT
UNDER
CONSTR
UCTION
IN
PREPARATI
ON
1 ŻOLIBORZ ARTYSTYCZNY 403 ---
2 ŻOLIBORZ ARTYSTYCZNY II (NEW) 1 350
3 PREMIUM 731 -
4 WILLE LAZUROWA 102
5
WŁODARZEWSKA 30
(NOWOSOLIPSOWSKA)
123 ---
6 OS. POD RÓŻAMI III 50 ---
7 PRZY PARKU --- 46
8 MARINA MOKOTÓW --- 756
9 BUKOWIŃSKA III --- 190
10 CYBERNETYKI 393 240
11 TANECZNA (NEW) 119 116
12 URSYNOVIA (ANODY) 190 ---
13 SOBIESKIEGO --- 157
14 BARTYCKA (NEW) --- 132
TOTAL LEFT BANK 2 111 2 987
No PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
15 REGATY --- 217
16 PALLADIUM (AKACJE) 215 566
17 KLASYKÓW 204 ---
18 KOWALCZYKA --- 844
19 MODERNA 570
20
AMSTERDAM
(SAMARYTANKA)
374 202
21 WILNO 549 1 316
22 FORMA (MOTOROWA) 294 213
23 SASKA III 359 ---
24 SIENNICKA 533
TOTAL RIGHT BANK 2 565 3 891
Warsaw
1
3
5
6
12
9
16 17
23
15
18
19
21
22
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
8
7
13
11
4
10
20
Appendix 2a:
Projects Under Construction and in Preparation
Warsaw no. of units, as of 30/06/2017
24
14
2

21. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Appendix 2b:
Projects Under Construction and in Preparation
Tri-City no. of units, as of 30/06/2017
21
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
Tri-City
No PROJECT
UNDER
CONSTRUCTION
IN PREPARATION
1 OSIEDLE VIRIDIS 132 ---
2 IDEA 141 312
3 NOWY HORYZONT 76 ---
4 SPEKTRUM 338 231
5 IMPULS 2 208 ---
6 OSIEDLE CYTRUSOWE 92 ---
7 OSIEDLE BEAUFORTA --- 603
8 SCENA APARTAMENTY 61 ---
9 BRAMA ŻUŁAW 49 ---
10 KRYNICKA (NEW) --- 150
TOTAL 1 097 1 296
1
2
4
58
7
10
3
6
9

22. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
22
Appendix 2c:
Projects Under Construction and in Preparation
Wroclaw no. of units, as of 30/06/2017
PROJEKT
UNDER
CONSTRU
CTION
IN PREPARATION
RYBNICKA --- 132
AURA 172
TOTAL 172 132
Wroclaw
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION

23. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
Appendix 2d:
Projects Under Construction and in Preparation
Summary
23
CITY
No OF PROJECTS UNDER
CONSTRUCTION
UNDER CONSTRUCTION IN PREPARATION TOTAL (No OF UNITS)
WARSAW 28 4 676 6 878 11 554
WROCLAW 1 172 132 304
TRI-CITY 8 1 097 1 296 2 393
TOTAL 37 5 945 8 306 14 251

24. Dom Development Euro Styl Dom Development Wrocław
Consolidated Group
24
For further information, please contact:
Matylda Sieradzka
Investor Relations
tel. +48 22 351 68 49
e-mail: matylda.sieradzka@domd.pl
www.inwestor.domd.com.pl
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.