Slide 1: Presentation of H1 2024 Results
DOM DEVELOPMENT S.A. CAPITAL GROUP PRESENTATION OF H1 2024 RESULTS 29 AUGUST 2024
Slide 2: The First Half of 2024 at Dom Development Group
THE FIRST HALF OF 2024 AT DOM DEVELOPMENT GROUP 1 954 1 637 PLN 231 m UNITS SOLD IN RETAIL MARKET UNITS DELIVERED NET PROFIT H1 2024 +6% YoY -18% YoY +4% YoY 8 371 NPS(1) 70 pts. PLN 622 m RECORD NUMBER OF UNITS CUSTOMER SATISFACTION INDEX CASH (2) AS AT 30.06.2024 UNDER CONSTRUCTION at a very high
Slide 3: H1 2024 Financial Summary
H1 2024 FINANCIAL SUMMARY REVENUE H1 2024 H1 2023 Change PLN 1 370 m PLN 1 275 m PLN +95 m +7% 32% GROSS MARGIN H1 2023: 31% NET PROFIT H1 2024 H1 2023 Change PLN 231 m PLN 223 m PLN +9 m +4% 17% NET MARGIN H1 2023: 17% GEARING NET CASH 30.06.2024 30.06.2023 30.06.2024 (6.7)% (23)% PLN 102 m 35% ROE
Slide 4: Market Overview in H1 2024
MARKET OVERVIEW IN H1 2024 • Cooling demand with a gradual recovery in supply on primary markets across major agglomerations • Increase in sales launches YoY – Warsaw +103%, Tri-City +83%, Wroclaw +91%, Krakow +51% • Deceleration of the upward trend in house prices – Q2 2024 prices increased by an a
Slide 5: Net Sales
NET SALES HALF-YEAR SALES VOLUME UP BY 6% YoY No. of units Net sales (units) in retail Change H1 2024 H1 2023 market YoY Warsaw 830 833 0% 1 081 Tri-City 500 462 8% 980 1 011 931 943 Wroclaw 379 313 21% Krakow 245 237 3% Dom Development 1 954 1 845 6% Capital Group IIQ 2023 IIIQ 2023 IVQ 2023 IQ 202
Slide 6: H1 2024 Sales Segmentation
H1 2024 SALES SEGMENTATION SIGNIFICANT INCREASE IN AVERAGE TRANSACTION VALUE Segmentation value of the DOM Development Group residential sales in H1 2024 over PLN 900k 32% Average transaction H1 H1 Change value (PLN k) 2024 2023 YoY PLN 800-900k 13% Warsaw 921 816 13% PLN 700-800k 16% Tri-City 746 6
Slide 7: Offer
OFFER STRONG EXPANSION OF OPERATIONS IN KRAKOW OWING TO THE RAPID LAUNCH OF NEW PROJECTS No. of units available for sale 30.06. 30.06. Change Offer by market 2024 2023 YoY Warsaw 1 020 739 38% 2 915 2 579 2 548 Tri-City 610 868 (30)% 2 404 2 141 Wroclaw 648 637 2% Krakow 637 335 90% Dom Development
Slide 8: Project Launches in Q2 2024
PROJECT LAUNCHES IN Q2 2024 WARSAW 208 units Second metro line station 105 units 150 units 158 units 141 units directly adjacent to Within 15 minutes of Easy access to both city centre Green area between Lake High standard, green areas, excellent development city centre and outskirts Czerniakowska a
Slide 9: Units in Projects Under Construction
UNITS IN PROJECTS UNDER CONSTRUCTION NUMBER OF UNITS UNDER CONSTRUCTION REACHES RECORD LEVELS, MAINTAINING SATISFACTORY MARGINS No. of units under construction 60% of units under construction are sold Units under 30.06. 30.06. Change construction 2024 2023 YoY Warsaw* 3 585 3 079 16% 8 371 Tri-City
Slide 10: Land Bank - Owned and Controlled
LAND BANK - OWNED AND CONTROLLED INCREASED POTENTIAL OF WROCLAW THROUGH SIGNIFICANT LAND PURCHASES IN Q2 Number of possible units for construction 19 770 19 613 18 758 17 596 17 999 6 129 5 762 4 658 4 277 5 373 Change Land Bank Owned Controlled Total QoQ Warsaw 8 137 2 500 10 637 (4)% Tri-City 3 92
Slide 11: Deliveries
DELIVERIES ALL DELIVERIES ON SCHEDULE No. of units NPS 100 90 1 40 0 1 298 74 75 80 1 20 0 72 70 66 Change 70 Deliveries of units H1 2024 H1 2023 1 00 0 921 60 YoY Warsaw 1 088 1 088 0% 716 800 50 648 Tri-City 356 580 (39)% 535 40 600 Wroclaw 48 168 (71)% 30 400 Krakow 145 162 (10)% Dom Development
Slide 12: Profit and Loss Statement
PROFIT AND LOSS STATEMENT MAINTAINING HIGH PROFITABILITY Profit and Loss Account QII 2024 QII 2023 Change YoY H1 2024 H1 2023 Change YoY Sales Revenues, including 663.7 452.5 47% 1 369.6 1 274.5 7% Revenue from the sale of finished 613.3 424.1 45% 1 272.5 1 228.9 4% goods* Deliveries (units) 716 648
Slide 13: Cumulative Net Sales to Be Recognised in Future Periods
CUMULATIVE NET SALES TO BE RECOGNISED IN FUTURE PERIODS (UNITS SOLD BUT NOT HANDED OVER) RECORD REVENUE POTENTIAL TO BE RECOGNISED IN COMING QUARTERS PLN m 3 500 3 000 2 500 2 000 Units sold and not transferred Value 1 500 30.06.2023 4 399 units PLN 2 995 m 1 000 30.06.2024 4 944 units* of which: PL
Slide 14: Balance Sheet
BALANCE SHEET BALANCE SHEET EXCEEDS PLN 5 BLN FOR THE FIRST TIME IN HISTORY PLN m 5 200 5 000 ASSETS 30.06.2024 30.06.2023 Change 4 800 CASH 4 600 Current assets, including: 4 954 4 208 18% 4 400 Cash 622 666 (7)% SHORT-TERM LIABILITIES DEFERRED 4 200 INCOME Incl. escrow accounts 77 75 3% 4 000 Inve
Slide 15: Debt Maturity Structure
DEBT MATURITY STRUCTURE PLN 1.2B OF AVAILABLE FUNDING ALLOWS FOR GREATER OPERATIONAL FLEXIBILITY PLN m PLN 622 m CASH* 260 PLN 570 m UNUSED CREDIT LINES 100 110 50 0 2024 2025 2026 2027 2028 Bonds Bank loans As at 30.06.2024 15 *of which PLN 77m in open trust accounts
Slide 16: Summary: Dom Development Group in H1 2024
SUMMARY: DOM DEVELOPMENT GROUP IN H1 2024 • Very good sales results (1,954 net units sold, up 6% YoY) – consolidates Dom’s leading position on Polish residential market • Average transaction value, a key driver of profits, up 17% YoY • High revenue potential in the pipe-line: 4,944 units sold but no
Slide 17: Appendices
DOM DEVELOPMENT APPENDICES
Slide 18: Commencement of New Handovers in Q3-4 2024
COMMENCEMENT OF NEW HANDOVERS IN Q3-4 2024 NO. OF NO. OF PROJECT/PHASE LOCATION COMMENCEMENT PROJECT/PHASE LOCATION COMMENCEMENT UNITS UNITS Osiedle Jagiellońska 55 ph 2 Warsaw 137 Oct’24 Osiedle Jagiellońska 55 ph 3 Warsaw 45 Oct’24 Beauforta stage 2 ph 2 Tri-City 87 Oct’24 Perspektywa stage 1 ph 7
Slide 19: Projects Under Construction and in Preparation: Warsaw
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WARSAW NO. OF UNITS, AS AT 30/06/2024 UNDER IN No INVESTMENT CONSTRUCTION PREPARATION 1 METRO ZACHÓD* 839 1 444 2 APARTAMENTY LITERACKA 100 443 3 PRZYSTANEK MIĘDZYLESIE 108 --- 13 4 HARMONIA MOKOTÓW 475 --- 5 URBINO 419 665 17 6 OSIEDLE PRZY ALEJACH 37
Slide 20: Projects Under Construction and in Preparation: Tri-City
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: TRI-CITY NO. OF UNITS, AS AT 30/06/2024 UNDER IN No INVESTMENT CONSTRUCTION PREPARATION 1 PERSPEKTYWA 306 --- 2 DOKI 187 489 3 DOLNE MIASTO --- 999 4 SYNTEZA 364 164 5 LEMA 189 --- 6 GDAŃSK WARSZAWSKA --- 350 13 14 11 12 10 7 WZGÓRZE HOPLITY 58 48 9 8
Slide 21: Projects Under Construction and in Preparation: Wroclaw
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WROCLAW NO. OF UNITS, AS AT 30/06/2024 UNDER IN No INVESTMENT CONSTRUCTION PREPARATION 1 HUBSKA 100 --- 269 2 BRANIBORSKA 397 --- 3 OSIEDLE KOMEDY 115 --- 4 ZIELNA 202 154 9 66 4 5 APARTAMENTY NAD RZEKĄ 152 --- 10 12 6 OSOBOWICKA 114 82 --- 2 5 7 BRACI
Slide 22: Projects Under Construction and in Preparation: Krakow
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: KRAKOW NO. OF UNITS, AS AT 30/06/2024 UNDER IN No INVESTMENT 1 CONSTRUCTION PREPARATION 2 1 GÓRKA NARODOWA 601 --- 2 29. ALEJA 151 306 4 3 MALBORSKA 71 --- 3 4 PARK MATECZNEGO 353 240 TOTAL KRAKOW 1 176 546 PROJECT IN PREPARATION PROJECT UNDER CONSTRUC