Dom Development S.a. · GPW:DOM

Dom Development — Q1 2023 Earnings Presentation

23 slides from Dom Development's earnings presentation, May 18, 2023

1. Slide 1: Presentation of Q1 2023 Results

   DOM DEVELOPMENT S.A. CONSOLIDATED GROUP PRESENTATION OF Q1 2023 RESULTS 18 MAY 2023

2. Slide 2: Q1 2023 at Dom Development Group

   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

3. Slide 3: Q1 2023 Financial Summary

   Q1 2023 FINANCIAL SUMMARY REVENUE Q1 2023 PLN 822m Q1 2022 PLN 727m Change PLN 95m 13% 31% GROSS MARGIN Q1 2022: 32% NET PROFIT Q1 2023 PLN 159m Q1 2022 PLN 142m Change PLN 17m 12% 30% ROE 12M Q1 2022: 22% NET CASH 31.03.2023 PLN 172m 31.03.2022 PLN 158m Change PLN 14m 9% -11% GEARING 31.03.2022: -1

4. Slide 4: Market Situation in Q1 2023

   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

5. Slide 5: Sales

   SALES STRENGTHENING THE GROUP’S POSITION ON THE NATIONWIDE MARKET No. of units Q1 Q1 Change Net sales (units) 2023 2022 YoY Warsaw 488 385 27% Tri-City 180 236 (24)% Wroclaw 119 84 42% 914 801 831 Cracow 127 53 140% 758 703 Dom Development 914 758 21% Group Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 5

6. Slide 6: Q1 2023 Sales Segmentation

   Q1 2023 SALES SEGMENTATION STRONG MARKET POSITION OF THE GROUP IS REFLECTED IN THE SIGNIFICANT PROPORTION OF SALES IN UPPER-STANDARD SEGMENT Dom Development Group Q1 2023 sales value segmentation over PLN 800k 23% Average transaction Q1 Q1 Change value (PLN k) 2023 2022 YoY PLN 800-700k 14% Warsaw 7

7. Slide 7: Units Available for Sale - Under Construction and Finished

   UNITS AVAILABLE FOR SALE - UNDER CONSTRUCTION AND FINISHED OUR OFFER LEVEL IS TAILORED TO MARKET CONDITIONS No. of units available for sale Group offer 31.03. 31.12. Change by location 2023 2022 QoQ Warsaw 618 794 (22)% 2 657 Tri-City 840 586 43% 2 381 2 280 2 312 2 082 Wroclaw 555 383 45% Cracow 29

8. Slide 8: Launches in Q1 2023

   LAUNCHES IN Q1 2023 WARSAW 180 units 182 units 600 m from the Al. Jerozolimskie 900 m from the Starzyński roundabout railway station in Włochy district in the vicinity of the Vistula river CRACOW WROCLAW 147 units 151 units 152 units in Wroclaw 72 units in Wroclaw in the Prądnik district 5 min from

9. Slide 9: Units Under Construction

   UNITS UNDER CONSTRUCTION WE ARE DEVELOPING PROJECTS AS PER THE PLAN No. of units Units under 31.03. 31.03. Change construction 2023 2022 YoY Warsaw 2 747 3 199 (14)% 6 977 7 245 7 059 Tri-City 2 182 2 345 (7)% 6 375 5 779 Wroclaw 821 1 019 (19)% Cracow 625 414 51% Dom Development 6 375 6 977 (9)% Gr

10. Slide 10: Land Bank – Owned and Controlled

    LAND BANK – OWNED AND CONTROLLED OVER 16,000 UNITS TO BE BUILT IN THE SECURED LAND BANK 18 619 17 871 17 090 17 125 16 078 Change Land Bank Owned Controlled Total QoQ 7 034 6 562 4 077 5 433 3 676 Warsaw 6 371 2 720 9 091 (4)% Tri-City 4 030 416 4 446 (10)% Wroclaw 1 202 540 1 742 5% 13 048 12 402 C

11. Slide 11: Deliveries

    DELIVERIES WE DELIVER HIGH-QUALITY APARTMENTS ON TIME, WHICH ATTRACT HIGH CUSTOMER SATISFACTION RATINGS No. of units 74 70 70 68 69 Q1 Q1 Change Deliveries in units 2023 2022 YoY Warsaw 907 829 9% 1350 Tri-City 205 179 15% 1094 1084 1068 Wroclaw 109 1 - Cracow 129 85 52% Dom Development 420 1 350 1

12. Slide 12: Cumulative Net Sales to Be Recognized in P&L

    CUMULATIVE NET SALES TO BE RECOGNIZED IN P&L (UNITS SOLD BUT NOT DELIVERED - PRESALES) HIGH LEVEL OF UNREALISED REVENUE DESPITE HIGH REVENUES RECOGNIZED IN Q1 3 000 PLN m 2 500 2 000 1 500 1 000 Value 31.03.2022 4 793 units PLN 2 835m 31.03.2023 4 119 units, including: PLN 2 768m 500 • 318 finished

13. Slide 13: Profit and Loss Account

    PROFIT AND LOSS ACCOUNT HIGH PROFITABILITY AND AVERAGE VALUE OF A UNIT DELIVERED Profit and Loss Account Q1 2023 Q1 2022 Change Sales Revenues, including 822.0 727.0 13% Revenue from the sale of finished 804.8 713 13% goods* Deliveries (units) 1 350 1 094 23% Revenue from sale of finished 596 652 (9

14. Slide 14: Balance Sheet

    BALANCE SHEET STRONG BALANCE SHEET SUPPORTS GROWTH AND DEVELOPMENT OF THE GROUP PLN m 4 200 4 000 ASSETS 31.03.2023 31.03.2022 Change 3 800 CASH Current Assets, including 3 880 3 897 (0.4)% 3 600 SHORT-TERM LIABILITIES Cash 485 535 (9.3)% DEFFERED 3 400 INCOME Incl. escrow accounts 91 87 4.6% 3 200

15. Slide 15: Debt Maturity Structure

    DEBT MATURITY STRUCTURE LOW SHORT-TERM DEBT AND HIGH AVAILABILITY OF BANK LOANS ENABLE OPERATIONAL AGILITY PLN m 485 PLN m CASH 438 PLN m 110 UNDRAWN CREDIT LINES 100 50 50 2 2023 2024 2025 2026 2027 As of 31.03.2023 15 Bonds Bank loans

16. Slide 16: Dividends

    DIVIDENDS PLN 11 PER SHARE – RECOMMENDATION OF RECORD DIVIDEND FROM 2022 PROFIT Dividend per share (PLN) Dividend yield 12,00 12% 10,8% 11,00 10,5% 10,00 10% 8,9% 9,00 8,5% 8,3% 8,00 8% 7,00 6,4% 6,6% 6,3% 6,00 6% 4,9% 11,00* 4,5% 10,50 5,00 4,4% 9,50 10,00 9,05 4,00 3,3% 4% 7,60 3,00 2,5% 1,9% 5,05

17. Slide 17: Summary: Q1 2023

    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

18. Slide 18: Appendices

    DOM DEVELOPMENT APPENDICES

19. Slide 19: Commencement of Handovers in Q2-Q4 2023

    COMMENCEMENT OF HANDOVERS IN Q2-Q4 2023 NO. OF COMMENCEMENT OF PROJECT / PHASE LOCATION PROJECT / PHASE LOCATION UNITS HANDOVERS ZIELONY POŁUDNIK BUILDINGS. 24-25 TRI-CITY 124 APR'23 NOWODWORSKA 43 WROCLAW WYDMA TRI-CITY 153 MAY’23 KONSTELACJA C1-C2 TRI-CITY OSIEDLE PRZY BŁONIACH B4 TRI-CITY 158 MAY

20. Slide 20: Projects Under Construction and in Preparation: Warsaw

    PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WARSAW NO. OF UNITS, AS OF 31/03/2023 IN UNDER NO PROJECT CONSTRUCTION PREPARATION 13 1 METRO ZACHÓD 1 152 1 670 2 LITERACKA --- 530 3 APARTAMENTY KOŁO PARKÓW (CIOŁKA) 133 --- 14 4 APARTAMENTY LUDWIKI 432 --- 2 15 5 URBINO 180 535 1 3 5 6 ALEJE JEROZOL

21. Slide 21: Projects Under Construction and in Preparation: Tri-City

    PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: TRI-CITY NO. OF UNITS, AS OF 31/03/2023 UNDER IN NO PROJECT CONSTRUCTION PREPARATION 1 PERSPEKTYWA 306 --- 16 2 DOKI 632 489 3 DOLNE MIASTO --- 999 4 SYNTEZA 101 407 5 LEMA 189 --- 6 GDAŃSK WARSZAWSKA --- 350 7 GDAŃSK KARTUSKA --- 110 14 11 15 12 13 10

22. Slide 22: Projects Under Construction and in Preparation: Wroclaw

    PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WROCLAW NO. OF UNITS, AS OF 31/03/2023 UNDER IN NO PROJECT CONSTRUCTION PREPARATION 1 OSIEDLE CHOCIEBUSKA 11 196 --- 9 2 BRANIBORSKA --- 397 4 66 3 OSIEDLE KOMEDY 131 115 4 ZIELNA 218 123 22 55 1 7 5 APARTAMENTY NAD RZEKĄ (CENTRUM) 152 --- 6 6 OSOBOWIC

23. Slide 23: Projects Under Construction and in Preparation: Cracow

    PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: CRACOW NO. OF UNITS, AS OF 31/03/2023 UNDER IN NO PROJECT CONSTRUCTION PREPARATION 1 GÓRKA NARODOWA 386 432 2 29 ALEJA 149 300 1 3 MALBORSKA 90 67 2 TOTAL CRACOW 625 799 3 PROJECT IN PREPARATION PROJECT UNDER CONSTRUCTION 23

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