Slide 1: Presentation for Investors Q1 2024
PRESENTATION FOR INVESTORS Q1 2024
Slide 2: Develia Group – Summary Q1 2024
2 Develia Group – Summary Q1 2024 ❑ Housing sector 1,038 premises sold in Q1 2024 vs 533 in Q1 2023 598 premises delivered in Q1 2024 vs 441 in Q1 2023 417 reservation agreements as at the end of Q1 2024 1 805 new premises with construction started on the offer in Q1 2024 March 2024 saw the conclusi
Slide 3: Agenda
Agenda 1. Market situation 2. Housing sector 3. Commercial real property 4. Financial Data 5. Attachments
Slide 4: 1. Market situation
1. Market situation 44 DEVELIA
Slide 5: Housing market - April 2024
Housing market- April 2024 In contrast to Q1 of this year, which saw relatively high sales momentum, April resulted in the market correction of sales, being in line with the trends reported in the previous years Preliminary data from Otodom Analitycs has revealed that in April property developers so
Slide 6: Housing market
Housing market 6 Number of building permits granted, constructions started, and flats delivered by developers on a quarterly basis Q1 2024 In Q1 2024, 29,400 flats were delivered, which was 2% less than in the preceding year. The number of flats for which building permits were issued or for which no
Slide 7: 2. Housing sector
2. Housing sector 44 DEVELIA
Slide 8: Biggest companies in the property developer business in Q1 2024
Biggest companies in the property developer business in Q1 2024 Q1 2024 Q1 2023 y/y DEVELIA 1,038 533 94.7% Dom Development 1,011 914 10.6% Murapol 769 729 5.5% Atal 730 406 79.8% Robyg (**) 665 736 -9.6% Grupa Echo- Archicom 410 374 9.6% Victoria Dom (*)(**) 332 366 -9.3% Inpro 212 167 26.9% Ronson
Slide 9: Premises sold
9 Premises sold Housing segment as at 03/31/2023 CITY 1Q 2Q 3Q 4Q 2023 1Q 2Q 3Q 4Q 2024 SALES DEV 509 574 762 559 2404 1008 1008 WARSAW 166 164 267 137 734 482 482 WROCŁAW 75 105 137 109 426 71 71 CRACOW 180 208 156 132 676 218 218 GDAŃSK 63 62 108 120 353 153 153 ŁÓDŹ KATOWICE 25 35 73 38 171 48 48
Slide 10: Premises sold – sales targets
Premises sold – sales targets 10 Housing segment as at 3/31/2024 / sales targets 2024 target: 2,900-3,100 2674 2510 2258 2059 1469 1817 1038 1475 780 1184 2023 Sales cumulatively 957 462 Sales in 2024 745 Sales targets for 2024 533 286 126 Sales targets in 2024 is 2,900-3,100 premises
Slide 11: Premises delivered
11 Premises delivered Housing segment as at 3/31/2024 CITY 1Q 2Q 3Q 4Q 2023 1Q 2Q 3Q 4Q 2024 DELIVERY DEV 441 225 632 1453 2751 598 598 WARSAW 11 88 242 839 1180 102 102 WROCŁAW 74 48 62 15 199 3 3 CRACOW 140 9 296 453 898 211 211 GDAŃSK 122 69 23 138 352 134 134 ŁÓDŹ KATOWICE 94 11 7 7 119 8 8 POZN
Slide 12: Delivery potential based on flats under construction
12 Delivery potential based on flats under construction Housing segment as at 3/31/2024 / Sales progress acc. to commencement of deliveries 9203 3581 2743 743 The delivery target in 2024 is 2,700-2,900 In Q1 2024, 598 premises were delivered, and 144 premises were completed and are ready for deliver
Slide 13: Premises on the offer and land bank
13 Premises on the offer and land bank Housing segment as at 3/31/2024 on of f er including construction including construction CITY started and finished added in 2024 started land bank 3/31/2024 OFFER DEV 3364 2858 1805 1634 9203 WARSAW 1022 1022 472 472 3301 WROCŁAW 704 198 543 37 2060 CRACOW 638
Slide 14: Assets – housing estates
Assets – housing estates (*) Aleje Praskie Przemyska Vita Gdańsk, Ujeścisko – Łostowice Warsaw, Praga-Południe 640 available for sale: 291 available for sale: 349 under preparation: 373 856 Ceglana Park Bochenka Vita Katowice, Brynów Kraków, Podgórze Duchackie Poznań available for sale: 289
Slide 15: Changes in investment portfolio
Changes in investment portfolio 2020 2021 2022 2023 Q1 2024 LOCATION acquired / tender won Estimated acquired / tender won Estimated acquired / tender won Estimated acquired / tender won Estimated acquired / tender won Estimated number Housing unit usable number of Housing unit usable number of Hous
Slide 16: 3. Commercial real property
3. Commercial real property 16
Slide 17: Assets
Assets Commercial facilities Investment land Investment land Arkady Wrocławskie Malin, Area of 169 ha Wrocław, ul. Kolejowa ▪ Leasable area: 38,439 sq. m ▪ The conclusion of the JV agreement with Hillwood Malin ▪ In December 2023, we entered into a preliminary Development Logistics, LLC regarding th
Slide 18: 4. Financial Data
4. Financial Data 44 DEVELIA
Slide 19: Financial Results
19 Financial Results ROE and ROE (adjusted net profit) Revenue from sales (mPLN) Net profit and adjusted net profit1 (mPLN) Impact of the purchase price allocation of Nexity Polska 1) Net profit adjusted * restated data for real property and foreign currency loan revaluation results
Slide 20: Assets
20 Assets Investment property and assets held for sale (mPLN) Inventory value land for development. (mPLN) The value of Nexity Polska inventory as at the acquisition date PLN 712.9m (*) (*) GAV including the Kolejowa & Malin Projects and without adjustment resulting from IFRS 16 – a sum of PLN 30, m
Slide 21: Financial Position
Financial Position Bond maturity structure (mPLN) Indebtedness1 – ratios Total bonds: PLN 655,4 m Bank loans commercial segment (mPLN) Total repayment Balance as of No. Projects GAV LTV * Financial liabilities according to the terms of bond issuance (i.e. stemming from IFRS 16 - perpetual usufruct d
Slide 22: Dividend Policy
22 Dividend Policy Dividend paid out in consideration of adjusted consolidated net profit (mPLN) Dividend rate (*) 9,72% 10,31% 5,74% 5,10% 13,22% 8,25% 8,96% Payout rate 72,9% 23,2% 76,8% 128,5% 75,3% 77,3% 73,8% DPS (PLN) 0,24 0,27 0,10 0,17 0,45 0,40 0,50 (1) The dividend policy was suspended in
Slide 23: 5. Attachments
5. Attachments 44 DEVELIA
Slide 24: 2024 Targets
2024 Targets The sale under development and preliminary sales agreements of 2 900– 3 100 units Preparing the building for sale in 2025. Arkady Wrocławskie The delivery 2 700– 2 900 units Further negotiations with institutional investors in the co-living segment – making an agreement to carry out at
Slide 25: Strategy – long term goal
Develia Group’s Strategy for Years 2024-2028 Strategy – long term goal Further substantial expansion of the scale of operations Expanding own operations as the contractor of works as in the flats for sale segment to the sales level of 4,500 part of the group flats in 2028 Consistently replenishing a
Slide 26: Key KPIs for Years 2024-2028 – Summary
Develia Group’s Strategy for Years 2024-2028 Key KPIs for Years 2024-2028– Summary To increase the scale of operations Projekt Malin – to carry out the from nearly 2,700 to 4,500 (in 2028) Dividend potential of above PLN warehousing project on a JV in the housing segment, increasing 1,350m for payme
Slide 27: Revaluation of investment property
27 Revaluation of investment property Period ended Arkady Malin Kolejowa Babka Tower TOTAL 31 March 2024 Wrocławskie Revenue from the sale of real estate - - - 4 875 4 875 Value of the real estate sold - - - (4 875) (4 875) Changes in real estate value within the period PLN - - - - - Changes in real
Slide 28: Develia Group – P&L
Develia Group – P&L 28 31 March 20223 31 March 2024 (data restated) Operating activity Sales revenue 401,612 257,224 Revenue from sales of services 4,652 12,410 Revenue from sales of goods and products 396,960 244,814 Cost of sales (268,116) (166,832) Pre-tax profit/(loss) on sales 133,496 90,392 Re
Slide 29: Develia Group – Balance sheet/assets
Develia Group – Balance sheet/assets 29 31 March 2024 31 December 2023 Assets A. Non-current assets 478,182 432,208 1. Goodwill 66,858 66,858 2. Intangible assets 4,615 4,775 3. Property, plant and equipment 18,621 10,409 4. Non-current receivables 11,992 11,858 5. Land classified as fixed assets 87
Slide 30: Develia Group – Balance sheet/liabilities
Develia Group – Balance sheet/liabilities 30 31 March 2024 31 December 2023 Equity and liabilities A. Equity 1,634,220 1,548,422 I. Equity attributable to shareholders of the parent 1,632,920 1,546,858 1. Share capital 452,280 447,558 2. Other capital 1,095,976 823,677 3. Net profit/(loss) 84,664 27
Slide 31: Develia S.A. – P&L
31 Develia S.A.– P&L 31 March 2023 31 March 2024 (data restated) Operating income Revenue from sale of services, products and goods 208,977 153,407 Revenue from interest and discount 11,924 5,920 Revenue from dividend 54,000 - Other financial income 11,421 3,241 Other operating income 790 141 Total
Slide 32: Develia S.A. – Balance sheet/assets
Develia S.A. – Balance sheet/assets 32 31 March 2024 31 December 2023 Assets A. Non-current assets 1,895,425 1,621,166 1. Intangible assets 901 862 2. Property, plant and equipment 17,713 9,998 3. Non-current loans and receivables 544,185 283,435 4. Non-current investments 1,239,949 1,241,273 5. Lan
Slide 33: Develia S.A. – Balance sheet/liabilities
Develia S.A. – Balance sheet /liabilities 33 31 March 2024 31 December 2023 Equity and liabilities A. Equity 1,572,018 1,464,070 1. Share capital 452,280 447,558 2. Called-up share capital not paid 581,243 575,648 3. Other reserve funds 16,369 16,369 4. Other capital 4,699 14,192 5. Net profit/(loss
Slide 34: Residential projects under construction
Residential projects under construction 34 Number of Number of Apartments Planned Planned Construction Apartments and Name of Project City District Segment and Commercial Name of Project City District Segment Construction Completion Date Commercial Premises Completion Date Premises 4Q'2024 157 Aleje
Slide 35: Management Board
Paweł Ruszczak, Vice President Zarząd Paweł Ruszczak graduated from the Warsaw School of Economics (SGH). He specialises in corporate financial management. He has been involved in the development business for almost 20 years, serving, among other things, as Finance Director at Orco Poland, Polish co
Slide 36: Shareholding
4 Shareholding Shareholders list NAME (Otwarty Fundusz Emerytalny PZU .Ziota Jesieri” Nationale-Nederianden Otwarty Fundusz Emerytalny Allianz Polska Otwarty Fundusz Emerytalny Generali Otwarty Fundusz Emerytainy PKO BP BANKOWY Otwarty Fundusz Emerytainy (Other shareholders Total shares: ‘Shareholde
Slide 37: Disclaimer
DISCLAIMER By taking part in a meeting during which this Presentation will be displayed and by reading slides presented you undertake to comply with the below restrictions. The foregoing applies to the Presentation, information contained herein presented orally by the Company or any person acting on