Dom Development S.A. Consolidated Group reported strong Q1 2023 results, with a 21% increase in unit sales to 914 across key markets. Revenue grew 13% to PLN 822m driven by a 23% increase in unit deliveries to 1,350. Net profit increased 12% to PLN 159m and the Group had a strong balance sheet with PLN 485m cash. For 2022, an record dividend of PLN 11 per share was recommended. Commencement of new projects and a growing land bank provide a platform for continued expansion.
Dom Development S.A. Consolidated Group reported strong Q1 2023 results with a 21% increase in unit sales. Key highlights included:
- 914 units sold in Q1 2023 across Warsaw, Wroclaw, Tri-City and Cracow markets.
- Cracow market share increased to 6.4% with sales up 127% quarter-over-quarter and 140% year-over-year.
- Commencement of 10 new projects comprising 1,375 units across four locations.
- Revenue of PLN 822m, up 13% year-over-year, with a gross margin of 31% and net profit of PLN 159m.
Q3 2022 Results Presentation of Dom Development S.A. Capital Group.
Dom Development S.A. is the biggest Polish residential developer, operating on the market since 1996. The Dom Development Capital Group operates in Warsaw, Cracow, Tricity and Wroclaw.
Dom Development S.A shares have been listed on the Warsaw Stock Exchange since October 2006.
- Dom Development launched operations in Cracow through acquisitions, unlocking significant growth potential.
- Mortgage demand was constrained by rising interest rates and market volatility from the Russian invasion of Ukraine.
- A record 6,977 units were under construction as of the end of March.
- 1,094 units were delivered in Q1 2022 with an average value of PLN 665k and a 32% gross margin resulting in PLN 142m net profit.
- The company had PLN 535m in cash and negative gearing of -11%.
Presentation of 2023 Results domdev.pptxklaudiafilka
- Dom Development Group reported record results for 2023 with net profit increasing 12% to PLN 460m. Key metrics like revenue, units sold, and land bank also reached all-time highs.
- The company sold 3,906 units in 2023, up 26% year-over-year, with strong growth across all markets. Customer satisfaction remained very high at a NPS of 71 points.
- Dom Development has a large land bank that can support development of almost 20,000 units, up 15% over 2022. The number of units under construction increased 16% while deliveries were up 5%.
Dom Development S.A. Consolidated Group reported strong Q1 2023 results with a 21% increase in unit sales. Key highlights included:
- 914 units sold in Q1 2023 across Warsaw, Wroclaw, Tri-City and Cracow markets.
- Cracow market share increased to 6.4% with sales up 127% quarter-over-quarter and 140% year-over-year.
- Commencement of 10 new projects comprising 1,375 units across four locations.
- Revenue of PLN 822m, up 13% year-over-year, with a gross margin of 31% and net profit of PLN 159m.
Q3 2022 Results Presentation of Dom Development S.A. Capital Group.
Dom Development S.A. is the biggest Polish residential developer, operating on the market since 1996. The Dom Development Capital Group operates in Warsaw, Cracow, Tricity and Wroclaw.
Dom Development S.A shares have been listed on the Warsaw Stock Exchange since October 2006.
- Dom Development launched operations in Cracow through acquisitions, unlocking significant growth potential.
- Mortgage demand was constrained by rising interest rates and market volatility from the Russian invasion of Ukraine.
- A record 6,977 units were under construction as of the end of March.
- 1,094 units were delivered in Q1 2022 with an average value of PLN 665k and a 32% gross margin resulting in PLN 142m net profit.
- The company had PLN 535m in cash and negative gearing of -11%.
Presentation of 2023 Results domdev.pptxklaudiafilka
- Dom Development Group reported record results for 2023 with net profit increasing 12% to PLN 460m. Key metrics like revenue, units sold, and land bank also reached all-time highs.
- The company sold 3,906 units in 2023, up 26% year-over-year, with strong growth across all markets. Customer satisfaction remained very high at a NPS of 71 points.
- Dom Development has a large land bank that can support development of almost 20,000 units, up 15% over 2022. The number of units under construction increased 16% while deliveries were up 5%.
- Dom Development S.A. Capital Group presented results for 2022, reporting a record net profit of PLN 410m despite a challenging market. Residential sales volumes declined 24% compared to a 45% market decline.
- The group delivered 3,666 units in 2022 and expanded operations to Cracow. A first transaction of 397 units was also completed for an institutional investor in the private rental sector.
- With 5,779 units under construction and a large land bank, the group is well positioned for future growth. Strong cash reserves of PLN 374m and low gearing provide financial flexibility.
H1 2022 Results Presentation of Dom Development S.A. Capital Group.
Dom Development S.A. is the biggest Polish residential developer, operating on the market since 1996. The Dom Development Capital Group operates in Warsaw, Cracow, Tricity and Wroclaw.
Dom Development S.A shares have been listed on the Warsaw Stock Exchange since October 2006.
Dom Development S.A. reported strong financial results for Q3 2018, with sales reaching their highest level for the year. Net profit decreased slightly compared to Q3 2017, though profits were up significantly for the first three quarters overall. The company continued expanding its land bank and construction projects. Demand remained high in the company's key markets, though competition for new land was also very strong.
Dom Development Group saw strong sales growth in Q3 2023, with units sold up 54% year-over-year. The company maintained high profitability with a 31% gross margin and PLN 260m net profit for the first three quarters. Dom Development has a large land bank of almost 18,000 units and several new project commencements planned in Q4 that will contribute to future revenue and profit.
Dom Development Group reported record financial results in 2021. It sold over 4,000 units, up 8% year-over-year, with the average sale price increasing 12% to PLN 667k. The company achieved a record net profit of PLN 325m and ended the year with PLN 648m in cash and net cash of PLN 255m. Dom Development expanded into the Cracow market in 2021 and increased its land bank to almost 17,000 plots.
Dom Development S.A. reported strong financial results for the first half of 2018, with net profit increasing 59% year-over-year to PLN 76.3 million. The company sold 1,650 units in H1 2018 and had 6,409 units under construction across 50 projects. Dom Development commenced construction on 19 new projects totaling 2,391 units in H1 2018 and expects to begin handovers on several projects in the second half of the year, driving further revenue and profit growth.
The document summarizes the annual results presentation of Dom Development S.A. for 2018. Key highlights include record sales of 3,602 units with high margins, starting 30 projects totaling 3,598 units, completing 34 projects totaling 4,406 units on time, and purchasing new land plots. Financially, the company reported record revenues of PLN 1,654 million, net income of PLN 227 million, and low gearing of 7%. The company also had a strong order backlog and land bank to support continued growth.
- Dom Development S.A. reported record quarterly sales of 615 units in Q1 2016, up 32% year-over-year, with potential future sales value of PLN 577m from 1,312 units across 9 upcoming projects.
- The company is well positioned with safe cash levels of PLN 311m and low gearing of 4%, preparing to launch new projects and make land purchases.
- Net profit was PLN 5.1m in Q1 2016 compared to a net loss of PLN 5.4m in Q1 2015, with a land bank of over 6,600 units under construction or preparation.
Dom Development S.A. reported strong H1 2014 results, with sales and margins growing compared to the same period last year. The company had over 3,100 units under construction and 2,450 units available for sale at the end of Q2 2014. Financial results were in line with consensus expectations and the company maintains high cash levels and low net debt providing potential for new land purchases and construction starts.
This document provides an overview of Dom Development S.A.'s 2016 results and future plans. Key highlights include record-high sales and handovers in 2016, a net profit of PLN 125.7m which was a 56% increase over 2015, strong cash levels of PLN 437m and no net debt, and plans to maintain their consistent dividend policy of paying out 100% of net profits. Looking ahead, Dom plans to further expand their residential real estate development business, including pursuing an acquisition in the Tri-City market leader Euro Styl Capital Group.
Dom Development S.A. reported strong Q1 2017 results, with record quarterly sales of 806 units, a 31% increase over Q1 2016. The company has high cash levels of PLN 410 million and no net debt. Due diligence on the potential Euro Styl acquisition is proceeding positively and expected to complete by June 30. While the company reported a loss of PLN 1.0 million for Q1 2017 due to seasonally low handovers, sales and pre-sales remain high. Dom Development has 3,854 units under construction across 25 projects and 2,550 units available for sale.
Dom Development S.A. reported strong Q1 2017 results, with record quarterly sales of 806 units, a 31% increase over Q1 2016. The company has high cash levels of PLN 410 million and no net debt. Due diligence on the potential acquisition of Euro Styl is proceeding positively and expected to complete by June 30. While the company reported a loss of PLN 1.0 million for Q1 2017 due to seasonally low handovers, sales and pre-sales remain high. Dom Development has 3,854 units under construction across 25 projects in Warsaw, Wroclaw and other cities.
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Codename Fireworks developed by Kumar Properties is a new residential development that offers 2/3 BHK premium residences with easy access to proposed ring road, airport, metro station.
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- Dom Development S.A. Capital Group presented results for 2022, reporting a record net profit of PLN 410m despite a challenging market. Residential sales volumes declined 24% compared to a 45% market decline.
- The group delivered 3,666 units in 2022 and expanded operations to Cracow. A first transaction of 397 units was also completed for an institutional investor in the private rental sector.
- With 5,779 units under construction and a large land bank, the group is well positioned for future growth. Strong cash reserves of PLN 374m and low gearing provide financial flexibility.
H1 2022 Results Presentation of Dom Development S.A. Capital Group.
Dom Development S.A. is the biggest Polish residential developer, operating on the market since 1996. The Dom Development Capital Group operates in Warsaw, Cracow, Tricity and Wroclaw.
Dom Development S.A shares have been listed on the Warsaw Stock Exchange since October 2006.
Dom Development S.A. reported strong financial results for Q3 2018, with sales reaching their highest level for the year. Net profit decreased slightly compared to Q3 2017, though profits were up significantly for the first three quarters overall. The company continued expanding its land bank and construction projects. Demand remained high in the company's key markets, though competition for new land was also very strong.
Dom Development Group saw strong sales growth in Q3 2023, with units sold up 54% year-over-year. The company maintained high profitability with a 31% gross margin and PLN 260m net profit for the first three quarters. Dom Development has a large land bank of almost 18,000 units and several new project commencements planned in Q4 that will contribute to future revenue and profit.
Dom Development Group reported record financial results in 2021. It sold over 4,000 units, up 8% year-over-year, with the average sale price increasing 12% to PLN 667k. The company achieved a record net profit of PLN 325m and ended the year with PLN 648m in cash and net cash of PLN 255m. Dom Development expanded into the Cracow market in 2021 and increased its land bank to almost 17,000 plots.
Dom Development S.A. reported strong financial results for the first half of 2018, with net profit increasing 59% year-over-year to PLN 76.3 million. The company sold 1,650 units in H1 2018 and had 6,409 units under construction across 50 projects. Dom Development commenced construction on 19 new projects totaling 2,391 units in H1 2018 and expects to begin handovers on several projects in the second half of the year, driving further revenue and profit growth.
The document summarizes the annual results presentation of Dom Development S.A. for 2018. Key highlights include record sales of 3,602 units with high margins, starting 30 projects totaling 3,598 units, completing 34 projects totaling 4,406 units on time, and purchasing new land plots. Financially, the company reported record revenues of PLN 1,654 million, net income of PLN 227 million, and low gearing of 7%. The company also had a strong order backlog and land bank to support continued growth.
- Dom Development S.A. reported record quarterly sales of 615 units in Q1 2016, up 32% year-over-year, with potential future sales value of PLN 577m from 1,312 units across 9 upcoming projects.
- The company is well positioned with safe cash levels of PLN 311m and low gearing of 4%, preparing to launch new projects and make land purchases.
- Net profit was PLN 5.1m in Q1 2016 compared to a net loss of PLN 5.4m in Q1 2015, with a land bank of over 6,600 units under construction or preparation.
Dom Development S.A. reported strong H1 2014 results, with sales and margins growing compared to the same period last year. The company had over 3,100 units under construction and 2,450 units available for sale at the end of Q2 2014. Financial results were in line with consensus expectations and the company maintains high cash levels and low net debt providing potential for new land purchases and construction starts.
This document provides an overview of Dom Development S.A.'s 2016 results and future plans. Key highlights include record-high sales and handovers in 2016, a net profit of PLN 125.7m which was a 56% increase over 2015, strong cash levels of PLN 437m and no net debt, and plans to maintain their consistent dividend policy of paying out 100% of net profits. Looking ahead, Dom plans to further expand their residential real estate development business, including pursuing an acquisition in the Tri-City market leader Euro Styl Capital Group.
Dom Development S.A. reported strong Q1 2017 results, with record quarterly sales of 806 units, a 31% increase over Q1 2016. The company has high cash levels of PLN 410 million and no net debt. Due diligence on the potential Euro Styl acquisition is proceeding positively and expected to complete by June 30. While the company reported a loss of PLN 1.0 million for Q1 2017 due to seasonally low handovers, sales and pre-sales remain high. Dom Development has 3,854 units under construction across 25 projects and 2,550 units available for sale.
Dom Development S.A. reported strong Q1 2017 results, with record quarterly sales of 806 units, a 31% increase over Q1 2016. The company has high cash levels of PLN 410 million and no net debt. Due diligence on the potential acquisition of Euro Styl is proceeding positively and expected to complete by June 30. While the company reported a loss of PLN 1.0 million for Q1 2017 due to seasonally low handovers, sales and pre-sales remain high. Dom Development has 3,854 units under construction across 25 projects in Warsaw, Wroclaw and other cities.
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Kumar Codename Fireworks at Hadapsar Link Road, Pune - PDF.pdfmonikasharma630
Codename Fireworks developed by Kumar Properties is a new residential development that offers 2/3 BHK premium residences with easy access to proposed ring road, airport, metro station.
For More Details:
Visit Here: kumar.developerprojects.com
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
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Anilesh Ahuja journey is a testament to the power of vision, resilience, and unwavering determination. As a visionary leader, he continues to inspire and empower others to dream big and challenge the status quo. His legacy extends far beyond the realm of real estate, leaving an indelible mark on the industry and the world at large.
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
1. PRESENTATION OF Q1 2023 RESULTS
18 MAY 2023
DOM DEVELOPMENT S.A. CONSOLIDATED GROUP
2. Q1 2023 AT DOM DEVELOPMENT GROUP
• 914 units sold represent a 21% increase on Q1 2022 across all markets: Warsaw, Wroclaw, Tri-City
and Cracow
• Cracow market share increased to 6.4%, sales up 127% QoQ, up 140% YoY, the fourth position in Cracow
• Commencement of 10 new projects with 1,375 units at four locations
• Growth of ”mortgage loan” customers - 40% of all transactions in the Group
• PLN 485m cash as of 31 March 2023 and negative gearing
• Recommendation of record dividend from the 2022 profit: PLN 11.00 per share
4. 4
MARKET SITUATION IN Q1 2023
• Growing demand – resulted from loosening lending criteria by KNF (Polish Financial Supervision
Authority) and stabilization of interest rates
• Households feeling more optimistic about buying flats
• Gradual increase in mortgage volume – 40% of all Group sales compared to 30% throughout 2022
• Stable construction costs – stabilisation of building materials costs and subcontractors’ services
eliminated a threat to margins
• High inflation rate and negative real interest rates of bank deposits – still entice savers to
invest in real estate
5. 5
758 801
703
831
914
Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
SALES
No. of units
STRENGTHENING THE GROUP’S POSITION ON THE NATIONWIDE MARKET
Net sales (units)
Q1
2023
Q1
2022
Change
YoY
Warsaw 488 385 27%
Tri-City 180 236 (24)%
Wroclaw 119 84 42%
Cracow 127 53 140%
Dom Development
Group
914 758 21%
6. 6
Average transaction
value (PLN k)
Q1
2023
Q1
2022
Change
YoY
Warsaw 764 709 8%
Tri-City 575 641 (10)%
Wroclaw 654 522 25%
Cracow 623 571 9%
Dom Development
Group
692 659 5%
Q1 2023 SALES SEGMENTATION
STRONG MARKET POSITION OF THE GROUP IS REFLECTED IN THE SIGNIFICANT PROPORTION OF
SALES IN UPPER-STANDARD SEGMENT
Unit sale value includes price of flat with fit-out (if purchased), storage room (if purchased) and parking space (if purchased).
7%
17%
21%
18%
14%
23%
up to PLN 400k
PLN 500-400k
PLN 600-500k
PLN 700-600k
PLN 800-700k
over PLN 800k
Dom Development Group
Q1 2023 sales value segmentation
7. 7
UNITS AVAILABLE FOR SALE - UNDER CONSTRUCTION AND FINISHED
2 381
2 657
2 280
2 082
2 312
31/03/2022 30/06/2022 30/09/2022 31/12/2022 31/03/2023
No. of units available for sale
OUR OFFER LEVEL IS TAILORED TO MARKET CONDITIONS
Group offer
by location
31.03.
2023
31.12.
2022
Change
QoQ
Warsaw 618 794 (22)%
Tri-City 840 586 43%
Wroclaw 555 383 45%
Cracow 299 319 (6)%
Dom Development
Group
2 312 2 082 11%
8. 8
LAUNCHES IN Q1 2023
180 units
600 m from the Al. Jerozolimskie
railway station in Włochy district
182 units
900 m from the Starzyński roundabout
in the vicinity of the Vistula river
151 units
5 min from the Main Square
147 units
in the Prądnik district
72 units in Wroclaw
near the railway station
101 units in Gdansk in Piecki-
Migowo district, commonly
known as Morena
152 units in Wroclaw
near the Old Town
189 units in Gdansk in Piecki-
Migowo district, commonly
known as Morena
114 units
in Gdansk young district -
Ujeścisko
87 units in the seaside area in
Pogórze
WARSAW
CRACOW WROCLAW
TRI-CITY
9. 9
UNITS UNDER CONSTRUCTION
6 977 7 245 7 059
5 779
6 375
31/03/2022 30/06/2022 30/09/2022 31/12/2022 31/03/2023
No. of units
WE ARE DEVELOPING PROJECTS AS PER THE PLAN
Units under
construction
31.03.
2023
31.03.
2022
Change
YoY
Warsaw 2 747 3 199 (14)%
Tri-City 2 182 2 345 (7)%
Wroclaw 821 1 019 (19)%
Cracow 625 414 51%
Dom Development
Group
6 375 6 977 (9)%
10. 10
LAND BANK – OWNED AND CONTROLLED
OVER 16,000 UNITS TO BE BUILT IN THE SECURED LAND BANK
11 585 11 309 11 657
13 048 12 402
7 034 6 562 5 433
4 077
3 676
18 619
17 871
17 090 17 125
16 078
31/03/2022 30/06/2022 30/09/2022 31/12/2022 31/03/2023
Plots owned Plots controlled
Land Bank Owned Controlled Total
Change
QoQ
Warsaw 6 371 2 720 9 091 (4)%
Tri-City 4 030 416 4 446 (10)%
Wroclaw 1 202 540 1 742 5%
Cracow 799 0 799 (24)%
Dom Development
Group
12 402 3 676 16 078 (6)%
11. 11
DELIVERIES
WE DELIVER HIGH-QUALITY APARTMENTS ON TIME, WHICH ATTRACT HIGH CUSTOMER SATISFACTION
RATINGS
No. of units
Deliveries in units
Q1
2023
Q1
2022
Change
YoY
Warsaw 907 829 9%
Tri-City 205 179 15%
Wroclaw 109 1 -
Cracow 129 85 52%
Dom Development
Group
1 350 1 094 23%
1094 1084
420
1068
1350
70 70
74
68 69
31/03/2022 30/06/2022 30/09/2022 31/12/2022 31/03/2023
NPS*
*NPS (Net Promoter Score – customer satisfaction benchmark)
12. 12
CUMULATIVE NET SALES TO BE RECOGNIZED IN P&L
(UNITS SOLD BUT NOT DELIVERED - PRESALES)
PLN m
Value
4 793 units PLN 2 835m
4 119 units, including: PLN 2 768m
• 318 finished units;
• 3 681 units under construction,
with 2 755 completing in 2023
HIGH LEVEL OF UNREALISED REVENUE DESPITE HIGH REVENUES RECOGNIZED IN Q1
0
500
1 000
1 500
2 000
2 500
3 000
I III V VII IX XI I III V VII IX XI I III V VII IX XI I III V VII IX XI I III V VII IX XI I III V VII IX XI I III V VII IX XI I III V VII IX XI I III V VII IX XI I III V VII IX XI I III
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
31.03.2022
31.03.2023
13. 13
PROFIT AND LOSS ACCOUNT
HIGH PROFITABILITY AND AVERAGE VALUE OF A UNIT DELIVERED
*IAS 15 (revenue from sale of finished goods recognized on deliveries), figures in PLN m
Profit and Loss Account Q1 2023 Q1 2022 Change
Sales Revenues, including 822.0 727.0 13%
Revenue from the sale of finished
goods*
804.8 713 13%
Deliveries (units) 1 350 1 094 23%
Revenue from sale of finished
goods per unit (PLN’000)
596 652 (9)%
Gross Profit on Sales 257.4 233.8 10%
Gross Profit Margin 31.3% 32.2% (0.9) pp
Operating Profit 197.3 173.9 13%
Operating Profit Margin 24.0% 23.9% 0.1pp
Profit Before Tax 200.9 178.0 13%
Profit Before Tax Margin 24.4% 24.5% (0.1) pp
Net Profit 158.8 141.8 12%
Net Profit Margin 19.3% 19.5% (0.2) pp
EPS (PLN) 6.21 5.57 11%
14. 14
BALANCE SHEET
STRONG BALANCE SHEET SUPPORTS GROWTH AND DEVELOPMENT OF THE GROUP
PLN m
ASSETS 31.03.2023 31.03.2022 Change
Current Assets, including 3 880 3 897 (0.4)%
Cash 485 535 (9.3)%
Incl. escrow accounts 91 87 4.6%
Inventory, including: 3 283 3 188 3.0%
Land and phases under construction 2 950 2 819 4.6%
Finished units, parking places and storage cells 224 143 56.6%
Fixed Assets 159 112 42.0%
TOTAL ASSETS 4 039 4 009 0.7%
EQUITY AND LIABILITIES 31.03.2023 31.03.2022 Change
Equity 1 572 1 407 11.7%
Total Liabilities 2 467 2 602 (5.2)%
Long-term liabilities, including 450 536 (16.0)%
Interest-bearing debt (bonds and loans) 260 326 (20.2)%
Short-term liabilities, including: 2 017 2 066 (2.4)%
Deferred income 1 347 1 449 (7.0)%
Interest-bearing debt (bonds and loans) 52 52 0,0%
TOTAL EQUITY AND LIABILITIES 4 039 4 009 0.7% FIXED
OTHER
INVENTORY
CASH
EQUITY
EQUITY
LONG-TERM
LIABILITIES
BONDS AND
LOANS
OTHER
SHORT-TERM
LIABILITIES
TRADE
PAYABLES
AND OTHER
BONDS AND…
LEASING
DEFFERED
INCOME
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
2 600
2 800
3 000
3 200
3 400
3 600
3 800
4 000
4 200
ASSETS LIABILITIES LIABILITIES
PLN m
15. 15
DEBT MATURITY STRUCTURE
LOW SHORT-TERM DEBT AND HIGH AVAILABILITY OF BANK LOANS ENABLE OPERATIONAL AGILITY
485 PLN m
CASH
438 PLN m
UNDRAWN CREDIT LINES
50
50
100
110
2
2023 2024 2025 2026 2027
Bonds Bank loans
PLN m
As of 31.03.2023
16. 16
DIVIDENDS
PLN 11 PER SHARE – RECOMMENDATION OF RECORD DIVIDEND FROM 2022 PROFIT
*Management Board’s recommendation
Dividend yield (right scale) calculated on closing price on last day of trading cum dividend
0,15
2,04
0,80 0,80 0,90
1,50
3,68
2,20 2,25
3,25
5,05
7,60
9,05
9,50
10,00
10,50
11,00*
0,1%
3,3%
2,5%
1,5%
1,9%
4,9%
8,5%
4,4% 4,5%
6,3% 6,4%
8,9%
10,5%
8,3%
6,6%
10,8%
0%
2%
4%
6%
8%
10%
12%
0,00
1,00
2,00
3,00
4,00
5,00
6,00
7,00
8,00
9,00
10,00
11,00
12,00
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dividend yield
Dividend per share (PLN)
17. 17
SUMMARY: Q1 2023
• Households feeling more optimistic
• Threefold increase in sales YoY secures fourth place on Cracow market
• Growth of ”mortgage loan” customers as a result of loosened lending criteria
• Delivery of 1 350 units with an average value of PLN 596m
• 31% gross margin and PLN 159m net profit
• PLN 485m cash with negative gearing (-11%)
19. 19
COMMENCEMENT OF HANDOVERS IN Q2-Q4 2023
PROJECT / PHASE LOCATION
NO. OF
UNITS
COMMENCEMENT
OF HANDOVERS
PROJECT / PHASE LOCATION
NO. OF
UNITS
COMMENCEMENT OF
HANDOVERS
ZIELONY POŁUDNIK BUILDINGS. 24-25 TRI-CITY 124 APR'23 NOWODWORSKA WROCLAW 36 OCT’23
WYDMA TRI-CITY 153 MAY’23 KONSTELACJA C1-C2 TRI-CITY 82 OCT’23
OSIEDLE PRZY BŁONIACH B4 TRI-CITY 158 MAY’23 LUDWIKI PHASE 1 WARSAW 105 NOV’23
DYNAMIKA C-D TRI-CITY 234 MAY’23 LUDWIKI PHASE 2 WARSAW 327 NOV’23
DOKI - PHASE 2 (B) TRI-CITY 188 JUN’23 METRO ZACHÓD 4 PHASE (SZ PH 2, BUILDINGS. A2) WARSAW 172 NOV’23
OSIEDLE BEAUFORTA 2 BUILDINGS. A1-A4 TRI-CITY 158 JUN’23 METRO ZACHÓD 11 PHASE 1 WARSAW 148 DEC’23
KOMEDY PHASE 4 (BUFOROWA BC) WROCLAW 88 JUN’23 APARTAMENTY SOLIPSKA PHASE 1 (FASOLOWA PH 1) WARSAW 96 DEC’23
DOM NA SŁUŻEWCU (KŁOBUCKA) TRI-CITY 108 JUL'23 APARTAMENTY SOLIPSKA PHASE 2 (FASOLOWA PH 2) WARSAW 91 DEC’23
ZIELONY POŁUDNIK BUILDINGS. 26-27 TRI-CITY 93 AUG’23 DOKI - PHASE 3 (EF) TRI-CITY 311 DEC’23
OSIEDLE ZIELNA PHASE 2 TRI-CITY 146 AUG’23 LAS TRI-CITY 60 DEC’23
CHOCIEBUSKA TRI-CITY 196 SEP’23 GÓRKA NARODOWA 3 PHASE 1 (B) CRACOW 136 DEC’23
Q2
Q3
Q4
20. 20
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
1
2
3
14
16
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WARSAW
NO. OF UNITS, AS OF 31/03/2023
5
4
11
9
13
6
7
8
10
12
6
5
15
17
NO PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 METRO ZACHÓD 1 152 1 670
2 LITERACKA --- 530
3 APARTAMENTY KOŁO PARKÓW (CIOŁKA) 133 ---
4 APARTAMENTY LUDWIKI 432 ---
5 URBINO 180 535
6 ALEJE JEROZOLIMSKIE --- 383
7 APARTAMENTY SOLIPSKA 187 ---
8 OSIEDLE PRZY FORCIE --- 125
9 OSIEDLE PRZY RYŻOWEJ --- 412
10 DOM NA SŁUŻEWCU 108 ---
11 APARTAMENTY BIAŁEJ KONICZYNY (PORY) 129 70
12 OSIEDLE MOKOTÓW SPORTOWY (ANTONIEWSKA) --- 1 384
13 PALLADIUM (AKACJE) --- 351
14 OSIEDLE JAGIELLOŃSKA 316 --
15 WILNO --- 233
16 PRZYSTANEK MIĘDZYLESIE 110 108
17 BEETHOVENA --- 570
TOTAL WARSAW 2 747 6 371
21. 21
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
16
1 2
3
14
4
11
9
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: TRI-CITY
NO. OF UNITS, AS OF 31/03/2023
NO PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 PERSPEKTYWA 306 ---
2 DOKI 632 489
3 DOLNE MIASTO --- 999
4 SYNTEZA 101 407
5 LEMA 189 ---
6 GDAŃSK WARSZAWSKA --- 350
7 GDAŃSK KARTUSKA --- 110
8 DYNAMIKA 220 ---
9 ZIELONY POŁUDNIK 137 ---
10 OSIEDLE BEAUFORTA 2 273 141
11 KONSTELACJA 113 537
12 GÓRA MARKOWCA --- 178
13 LOCUS 2 --- 150
14 OSIEDLE PRZY BŁONIACH 3 --- 545
15 WIDOKI 92 124
16 WYDMA 59 ---
16 LAS 60 ---
TOTAL TRI-CITY 2 182 4 030
13
8
10
8
5
6 7
12
15
22. 22
1
2
3
4
NO PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 OSIEDLE CHOCIEBUSKA 11 196 ---
2 BRANIBORSKA --- 397
3 OSIEDLE KOMEDY 131 115
4 ZIELNA 218 123
5 APARTAMENTY NAD RZEKĄ (CENTRUM) 152 ---
6 OSOBOWICKA 114 88 ---
7 NOWODWORSKA 43 36 ---
8 MIĘDZYLESKA --- 391
9 STODOLNA --- 176
TOTAL WROCLAW 821 1 202
5
6
6
6
7
8
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
9
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WROCLAW
NO. OF UNITS, AS OF 31/03/2023
6
2
5
23. 23
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
NO PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 GÓRKA NARODOWA 386 432
2 29 ALEJA 149 300
3 MALBORSKA 90 67
TOTAL CRACOW 625 799
1
3
2
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: CRACOW
NO. OF UNITS, AS OF 31/03/2023