Slide 1: Presentation of Q1 2024 Results
DOM DEVELOPMENT S.A. CAPITAL GROUP PRESENTATION OF Q1 2024 RESULTS 16 MAY 2024
Slide 2: Dom Development Group - Q1 2024
DOM DEVELOPMENT GROUP - Q1 2024 • 1 011 units sold in Q1 2024 (+11% YoY) – strengthening Dom Development Group’s leading position on the Polish housing market • 921 units delivered (-32% YoY) – in line with construction schedules, 100% of deliveries within contractual deadlines • Successful launch o
Slide 3: Q1 2024 Financial Summary
Q1 2024 FINANCIAL SUMMARY REVENUE Q1 2024 PLN 706m Q1 2023 PLN 822m Change PLN (116)m (14)% 34% GROSS MARGIN Q1 2023: 31% NET PROFIT Q1 2024 PLN 137m Q1 2023 PLN 159m Change PLN (22)m (13)% 28% ROE 12M 12M to 03.2023: 30% NET CASH (DEBT) 31.03.2024 PLN (156)m 31.03.2023 PLN 172m Change PLN (328)m 10
Slide 4: Market Overview in Q1 2024
MARKET OVERVIEW IN Q1 2024 • Continued upward demand for new flats and a significant proportion of cash transactions (56% of Dom Development Group sales in Q1 2024) • A second consecutive quarter where new supply outstrips quarterly sales volumes - a total of 16,700 units launched across Poland's si
Slide 5: Net Sales
NET SALES OVER 1,000 UNITS SOLD Number of units Net sales (units) in Q1 Q1 Change retail market 2024 2023 YoY Warsaw 422 488 (14)% 1 081 Tri-City 267 180 48% 980 1 011 914 931 Wroclaw 203 119 71% Krakow 119 127 (6)% Dom Development 1 011 914 11% Group I Q 2023 II Q 2023 III Q 2023 IV Q 2023 I Q 2024
Slide 6: Q1 2024 Sales Segmentation
Q1 2024 SALES SEGMENTATION 91% OF UNITS SOLD WITH A VALUE OVER PLN 500 K Segmentation value of the DOM Development Group residential sales in Q1 2024 over PLN 900k 31% Average transaction Q1 Q1 Change value (PLN k) 2024 2023 YoY PLN 800-900k 13% Warsaw 916 764 20% PLN 700-800k 14% Tri-City 759 575 3
Slide 7: Offer of Under-Construction and Completed Units
OFFER OF UNDER-CONSTRUCTION AND COMPLETED UNITS INCREASED OFFER IN RESPONSE TO GROWING DEMAND No. of units available for sale Finished units amount to only 3% of offer 31.03. 31.03. Change Offer by market 2024 2023 YoY Warsaw 914 618 48% 2 579 2 548 Tri-City 585 840 (30)% 2 312 2 404 2 141 Wroclaw 8
Slide 8: Project Launches in Q1 2024
PROJECT LAUNCHES IN Q1 2024 Warsaw 145 units 100 units 105 units 124 units planned metro station (2nd line) 600m from Jerozolimskie railway easy access to the city centre and 213 units on Jerozolimskie Ave in the heart of the development station in the district of Włochy beyond on Polski Walczącej A
Slide 9: Units on Projects Under Construction
UNITS ON PROJECTS UNDER CONSTRUCTION NUMBER OF UNITS UNDER CONSTRUCTION REACHES RECORD LEVELS No. of units under construction 65% of units under construction are sold Units under 31.03. 31.03. Change construction 2024 2023 YoY Warsaw* 3 296 2 747 20% 7 256 7 413 Tri-City 1 767 2 182 (19)% 6 375 6 76
Slide 10: Land Bank - Owned and Controlled
LAND BANK - OWNED AND CONTROLLED HIGH-QUALITY, DIVERSIFIED LAND BANK Number of possible units for construction 19 770 19 613 17 596 17 999 16 078 6 129 5 762 4 277 Change 5 373 Land Bank Owned Controlled Total YoY 3 676 Warsaw 7 154 3 907 11 061 1% Tri-City 4 184 807 4 991 10% Wroclaw 1 327 307 1 63
Slide 11: Deliveries
DELIVERIES VOLUME OF DELIVERIES AS PLANNED No. of units NPS* 74 75 72 69 66 Q1 Q1 Change Deliveries of units 2024 2023 YoY Warsaw 526 907 (42)% 1350 1298 Tri-City 293 205 43% 921 Wroclaw 45 109 (59)% 648 535 Krakow 57 129 (56)% Dom Development 921 1 350 (32)% Capital Group I Q 2023 II Q 2023 III Q 2
Slide 12: Cumulative Net Sales to Be Recognised in Future Periods
CUMULATIVE NET SALES TO BE RECOGNISED IN FUTURE PERIODS (UNITS SOLD BUT NOT HANDED OVER) SIGNIFICANT 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 31.03.2023 4 119 units 2 768 m PLN 1 000 31.03.2024 4 717 units* of whic
Slide 13: Profit and Loss Statement
PROFIT AND LOSS STATEMENT MAINTAINING HIGH PROFITABILITY Profit and Loss Account Q1 2024 Q1 2023 Change Sales Revenues, including 705.9 822.0 (14)% Revenue from the sale of finished goods* 659.2 804.8 (18)% Deliveries (units) 921 1 350 (32)% Revenue from sale of finished goods per unit (PLN’000) 716
Slide 14: Balance Sheet
BALANCE SHEET STRONG BALANCE SHEET ENSURES SECURITY IN A VOLATILE MARKET ENVIRONMENT PLN m 4 800 ASSETS 31.03.2024 31.03.2023 Change CASH 4 600 Current assets, including: 4 619 3 880 19% 4 400 Cash 485 (21)% 4 200 383 SHORT-TERM LIABILITIES 4 000 DEFERRED Incl. escrow accounts 90 91 1% INCOME 3 800
Slide 15: Debt Maturity Structure
DEBT MATURITY STRUCTURE HIGH LEVEL OF AVAILABLE FACILITIES AND STAGGERED BOND MATURITIES ALLOWS US TO RESPOND FLEXIBLY TO OPPORTUNITIES AS THEY ARISE AND MANAGE SHORT-TERM LIQUIDITY PLN m 383 PLN m CASH 19 260 541 PLN m UNUSED CREDIT LINES 100 110 50 0 2024 2025 2026 2027 2028 Bonds Bank loans As at
Slide 16: Summary: Dom Development Group in 1Q 2024
SUMMARY: DOM DEVELOPMENT GROUP IN 1Q 2024 • Benefitting from a strong housing market, Dom Development Group continues to deliver very satisfactory sales performance (up 11% YoY) • Investment purchases continue at a high rate (cash transactions represent 56% of sales in Q1) • 921 units delivered duri
Slide 17: Appendices
DOM DEVELOPMENT APPENDICES
Slide 18: Commencement of New Handovers in Q2-4 2024
COMMENCEMENT OF NEW HANDOVERS IN Q2-4 2024 NO. OF NO. OF PROJECT/PHASE LOCATION COMMENCEMENT PROJECT/PHASE LOCATION COMMENCEMENT UNITS UNITS Osiedle Urbino 2 ph 1 Warsaw 139 Nov’24 Apartamenty Koło Parków Warsaw 133 Apr’24 Osiedle Jagiellońska 55 ph 2 Warsaw 137 Nov’24 Metro Zachód 4 ph 5 Warsaw 44
Slide 19: Projects Under Construction and in Preparation: Warsaw
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WARSAW NO. OF UNITS, AS AT 31/03/2024 UNDER IN No INVESTMENT CONSTRUCTION PREPARATION 1 METRO ZACHÓD* 841 1 652 2 APARTAMENTY LITERACKA 100 443 13 3 PRZYSTANEK MIĘDZYLESIE 108 --- 4 HARMONIA MOKOTÓW 370 104 5 URBINO 419 665 15 7 2 14 6 OSIEDLE PRZY ALE
Slide 20: Projects Under Construction and in Preparation: Tri-City
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: TRI-CITY NO. OF UNITS, AS AT 31/03/2024 UNDER No INVESTMENT IN PREPARATION CONSTRUCTION 1 PERSPEKTYWA 306 --- 2 DOKI 187 489 3 DOLNE MIASTO --- 999 4 SYNTEZA 222 306 5 LEMA 189 --- 6 GDAŃSK WARSZAWSKA --- 350 13 WZGÓRZE HOPLITY (GDAŃSK 14 11 12 10 7 58
Slide 21: Projects Under Construction and in Preparation: Wroclaw
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WROCLAW NO. OF UNITS, AS AT 31/03/2024 UNDER IN No INVESTMENT CONSTRUCTION PREPARATION 2 1 HUBSKA 100 --- 269 2 BRANIBORSKA 397 --- 3 OSIEDLE KOMEDY 115 --- 9 4 ZIELNA 202 93 66 4 10 12 5 APARTAMENTY NAD RZEKĄ 152 --- 6 OSOBOWICKA 114 82 --- 2 5 7 BRAC
Slide 22: Projects Under Construction and in Preparation: Krakow
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: KRAKOW NO. OF UNITS, AS AT 31/03/2024 UNDER No INVESTMENT IN PREPARATION CONSTRUCTION 1 1 GÓRKA NARODOWA 493 216 2 1 2 29 ALEJA 151 306 3 MALBORSKA 90 71 4 4 PARK MATECZNEGO --- 593 3 TOTAL KRAKOW 734 1 186 PROJECT IN PREPARATION 2 2 PROJECT UNDER CONS
Slide 23: Contact for investors
Contact for investors : Joanna Czwarno tel. +48 600 759 296 e-mail: joanna.czwarno@domd.pl www.inwestor.domd.pl Dom Development S.A. endeavors 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, and therefor