Presentation of Q1 2017 Results

1. Dom Development S.A.
Q1 2017 Results Presentation
26 April 2017

2. Highlights
2
Q1 2017
• The highest quarterly sales in the company’s history: 806 units (+31% YOY)
• High pre-sales: 50% of units under constuction sold
• High cash levels (PLN 410 m) and no net debt
• Euro Styl due diligence is proceeding positively. We expect to complete
negotiations by 30 June at the latest
• Loss of PLN 1.0m due to seasonally low Q1 handovers, but in line with
expectations

3. Residential Market in Q1 2017
• Strong sales with slight price increases
• Low interest rates support demand
• High share of cash buyers – approx. 34% of overall
transactions at Dom Development
• Land market sees very high competition
3

4. Quarterly Net Sales
4
483
509
545
467
598
640
678
615
701 705 714
806
0
100
200
300
400
500
600
700
800
Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
No. of units

5. 5
Sales segmentation
based on transaction value
28% 26% 27% 24% 26% 24% 24% 28%
18% 17%
22% 23%
36% 37% 37%
35% 32% 33% 29% 23%
22% 23%
25%
33%
18% 18% 18%
22% 21% 24%
23%
21%
25% 26%
21%
22%
18% 19% 18% 20% 21% 19%
24% 28%
35% 34% 31%
22%
Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
up to PLN 350k 350-450k 450-550k over PLN 550k
* Transaction value includes price of a flat with fit-out (if purchased), storage room (if purchased) and parking space (if purchased).

6. Dom’s Offer
6
2 364 2 397
1 696 1 548
2 505
2 214 2 104 2 278
294 357
557
547
506
451
402
272
-
500
1 000
1 500
2 000
2 500
3 000
30/06/2015
2 658
30/09/2015
2 754
31/12/2015
2 253
31/03/2016
2 095
30/06/2016
3 011
30/09/2016
2 665
31/12/2016
2 506
31/03/2017
2 550
Units under construction Finished units
No. of units

7. New Construction Starts
7
752 735
279
426
1 349
557 555 517
0
200
400
600
800
1 000
1 200
1 400
Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
3 projects4 projects8 projects2 projects 3 projects 4 projects4 projects 4 projects
No. of units

8. Units under construction
and in preparation
3 727 3 989
2 958 3 085
3 935 3 886
3 543
3 854
5 762
5 001
6 504 6 648 6 734 7 016
6 450 6 688
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
30/06/2015 30/09/2015 31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017
Under construction In preparation
8
No. of units

9. Handovers
9
Units sold but not delivered (presales)
31.12.2016 31.03.2017
1 680
units
2 256
units, including:
• 347 finished units
• 1 909 units under construction
375
478
1 019
256
564
500
1 162
230
0
200
400
600
800
1000
1200
Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
No. of units

10. 10
Cumulative net sales
to be recognized in P&L
PLN m
200
300
400
500
600
700
800
900
1 000
1 100
I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III
2013 2014 2015 2016 2017

11. Financial Results Summary
Q1 2017 Q1 2016 Change Q1 2017 Q4 2016 Change
Sales Revenues 113.0 139.1 (19%) 113.0 567.1 (80%)
Gross Profit on Sales 26.0 31.7 (18%) 26.0 141.8 (82%)
Gross Profit Margin 23.0% 22.8% 0.2 pp 23.0% 25.0% (2.0) pp
Operating Profit (1.0) 7.3 (113%) (1.0) 105.0 (101%)
Operating Profit Margin (0.8%) 5.3% (6.1) pp (0.8%) 18.5% (19.4) pp
Profit Before Tax (1.0) 6.4 (115%) (1.0) 105.5 (101%)
Net Profit (1.0) 5.1 (120%) (1.0) 85.3 (101%)
EPS (PLN) (0.04) 0.21 (119%) (0.04) 3.44 (101%)
11
IAS 18, PLN m

12. Balance Sheet and Profitability
12
Consolidated Balance Sheet
IAS 18, PLN m 31.03.2017 31.03.2016 Change
Shareholders’ funds (equity) 931.8 888.2 5%
Net debt* (149.8) 38.9 (485%)
Gearing (net debt/equity) (16.1%) 4.4% (20.5) pp
Net asset value per share (PLN) 37.47 35.86 5%
Shares in issue (m) 24.9 24.8 -
ROE (12M) 13.5% 10.7% 2.8 pp
ROCE (12M) 13.0% 10.6% 2.4 pp
*Bank debt plus bonds in issue less cash at banks (including escrow accounts)

13. Debt Maturity Structure
13
50
100 110100
85
50
0
20
40
60
80
100
120
140
160
180
200
by 31.03.2018 by 31.03.2019 by 31.03.2020 by 31.03.2021 by 31.03.2022
Unsecured Bonds Bank Loans Available credit lines
PLN m
Cash as of 31/03/2017 – PLN 410m

14. Q1 2017
14
Summary:
 Good market situation in the Warsaw, Wroclaw and Tri-City markets
 3,854 units under construction across 25 projects
 2,550 units in Dom’s offer as of March 2017
 806 units sold in Q1 2017, representing growth of 31% over Q1 2016
 New land for approx. 650 units: Siennicka in Warsaw and Rybnicka in Wroclaw
 PLN 410m in cash resources for land purchases and new project starts
 With current cash reserves of PLN 410m and unutilised bank credits of PLN 235m we
have flexibility regarding source of consideration for Euro Styl
 Loss of PLN 1.0m in Q1 2017 due to low number of handovers

15. Appendices

16. 16
Appendix 1:
Commencement of handovers in 2017
Project No. of units in project
Commencement of
handovers
Q2
Premium phase 1 206 April 2017
Moderna phase 1 171 May 2017
Apartamenty Mokotów nad Skarpą 184 June 2017
Osiedle Przyjaciół phase 3 95 June 2017
Q3 Palladium phase 1 214 September 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 7 140 November 2017
Wille Taneczna 119 December 2017
Wilno III phase 2 129 December 2017
Wilno III phase 3 111 December 2017

17. 17
No PROJECT
UNDER
CONSTRUC
TION
IN
PRAPARATIO
N
1 ŻOLIBORZ ARTYSTYCZNY 403 ---
2 PREMIUM 483 248
3 OS. PRZYJACIÓŁ 95 ---
4
WŁODARZEWSKA 30
(NOWOSOLIPSOWSKA)
123 ---
5 OS. POD RÓŻAMI III 50 ---
6 PRZY PARKU --- 46
7 MARINA MOKOTÓW --- 753
8
APARTAMENTY MOKOTÓW
NAD SKARPĄ (BUKOWIŃSKA II)
184 ---
9 BUKOWIŃSKA III --- 190
10 CYBERNETYKI --- 633
11 TANECZNA 119 ---
12 URSYNOVIA (ANODY) 190 ---
13 SOBIESKIEGO --- 153
TOTAL LEFT BANK 1 647 2 023
No PROJECT
UNDER
CONSTRUCTIO
N
IN
PRAPARATION
14 REGATY --- 217
15
PALLADIUM
(AKACJE)
214 566
16 KLASYKÓW 204 ---
17 KOWALCZYKA --- 792
18 MODERNA 554 187
19
AMSTERDAM
(SAMARYTANKA)
60 516
20 WILNO 549 1 316
21
FORMA
(MOTOROWA)
95 412
22 SASKA III 359 ---
23 SIENNICKA (NEW) 533
TOTAL RIGHT BANK 2 035 4 539
Warsaw
TOTAL
UNDER
CONSTRUCTION
IN PREPARATION FINISHED
WARSAW 3 682 6 562 26 382
WROCLAW 172 126 721
DOM 3 854 6 688 27 103
1
2
4
5
12
9
15 16
22
14
17
18
20
21
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
7
6
13
11
3
10 8
19
Appendix 2a:
Projects Under Construction and in Preparation
no. of units, as of 31/03/2017
23

18. 18
Appendix 2b:
Projects Under Construction and in Preparation
no. of units, as of 31/03/2017
PROJEKT
UNDER
CONSTRU
CTION
IN PREPARATION
RYBNICKA (NEW) --- 126
AURA 172
WROCLAW 172 126
Wroclaw
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION

19. 19
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.