Dom Development S.A. Consolidated Group

/Consolidated accounts/ Q3 2017 Results Presentation

27 October 2017

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Q3 2017

• Record scale of activity after acquisition of Euro Styl

• Record high quarterly sales of 1,081 units (+53% YOY)

• Largest ever number of units under construction: 6,241(+61% YOY)

• 1,002 units launched to construction (+80% YOY)

2

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Financial Results Q3 2017 - summary

• Handovers: 533 units (+11% YOY)

• Revenues: PLN 245m (+ 12% YOY )

• Gross Profit Margin: 28% (+ 5 p.p. YOY)

• Net Profit: PLN 26m (+ 54% YOY)

• Gearing: 7,2%

3

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Residential Market in Q3 2017

• Strong sales with slight price increases YOY

• Favorable macroeconomic factors supported demand, including low interest

rates, record low unemployment, decent GDP growth and strong wage growth

• Supply is currently meeting high demand

• High share of cash buyers – approx. 40% of overall transactions at Dom

Development

• Very high competition in the land market

4

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

545 467

598 640 678 615

701 705 714 806

1 039 1 081

0

200

400

600

800

1 000

Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

5

No. of units

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

1 696 1 548

2 505 2 214 2 104

2 278

3 254

2 791

557 547

506

451 402

272

221

270

0

500

1 000

1 500

2 000

2 500

3 000

3 500

31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017 30/09/2017

2 253 2 095 3 011 2 665 2 506 2 550 3 475 3 061

6

No. of units

- Units under construction - Finished units

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

7

279426

1 349

557 555 517

1 654

1 002

0

200

400

600

800

1 000

1 200

1 400

1 600

Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

No. of units

12 projects 4 projects 4 projects 3 projects 8 projects 3 projects 2 projects 6 projects

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

2 958 3 085

3 935 3 886 3 543

3 854

5 945 6 241

0

1 000

2 000

3 000

4 000

5 000

6 000

31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017 30/09/2017

8

No. of units

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

6 504 6 648 6 734 7 016 6 450 6 688

8 306 8 207

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017 30/09/2017

9

No. of units

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

10

Units sold but not delivered (presales)

30.06.2017 30.09.2017

3 056 units

3 578 units, including:

• 303 finished units • 3 275 units under construction

1 019

256

564 500

1 162

230

674553

0

200

400

600

800

1000

1200

Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

No. of units

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

11

PLN m

200

400

600

800

1 000

1 200

1 400

1 600

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S

2013 2014 2015 2016 2017

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Simplified profit and loss account

Profit and Loss Account Q3 2017 Q3 2016 Change Q1-Q3 2017 Q1-Q3 2016 Change

Sales Revenues 245.2 218.2 +12% 680.7 585.9 +16%

Handovers (units) 553 500 +11% 1 457 1 320 +10%

Revenue per unit (PLN’000) 443 436 +2% 467 444 +5%

Gross Profit on Sales 67.6 49.4 +37% 184.0 129.3 +42%

Gross Profit Margin 27.6% 22.6% +4.9 p.p. 27.0% 22.1% +5 p.p.

Operating Profit 32.4 21.0 +54% 89.7 51.6 +74%

Operating Profit Margin 13.2% 9.6% +3.6 p.p. 13.2% 8.8% +4.4 p.p.

Profit Before Tax 32.1 20.9 +54% 90.1 50.4 +79%

Profit Before Tax (%) 13.1% 9.6% +3.5p.p. 13.2% 8.6% +4.6 p.p.

Net Profit 26.0 16.8 +54% 74.0 40.4 +83%

Net Profit (%) 10.6% 7.7% +2.9p.p. 10.9% 6.9% +4.0 p.p.

EPS (PLN) 1.05 0.68 +54% 2.97 1.63 +82%

12

IAS 18. PLN m

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Simplified balance sheet

13

Consolidated Balance Sheet 30.09.2017 30.09.2016 Change

Shareholders’ funds (equity) 881.2 843.5 4%

Net debt/(net cash)* 63.3 90.1 n/d

Gearing (net debt/equity) 7.2% 10.7% -3.5 p.p.

Net asset value per share (PLN) 35.43 34.04 4%

Shares in issue (m) 24.9 24.8 -

ROE (12M) 18.9% 13.0% 5.9 p.p.

ROCE (12M) 17.8% 12.2% 5.6 p.p.

*Bank debt plus bonds in issue less cash at banks (including escrow accounts)

IAS 18, PLN m

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

14

50

0

100 110

3,7 0

20

40

60

80

100

120

do 30.09.2018 do 30.09.2019 do 30.09.2020 do 30.09.2021 do 30.09.2022

Unsecured bonds Bank loans

PLN m

Cash (including escrow accounts) as of 30/09/2017 PLN 200m Bond debt at 30/09/2017 PLN 260m Available credit lines as of 30/09/2017 PLN 243.8m

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Q3 2017

15

Summary:

Euro Styl acquisition has stepped up the scale of Dom Development S.A.

Very good situation in Warsaw, Wroclaw and Tri-City (Euro Styl) markets

1,081 units sold (increase +53% YOY)

3,061 units in offer

6,241 units under construction on 38 projects

Launch of 6 projects with 1,002 units

New land bought for over 650 units in Tri-City* and 220 units in Wrocław

Increase in net profit of 54% (YOY)

Gearing: 7.2%

* Purchase of land as of 26/10/2017

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

16

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

17

Appendix 1:

Commencement of handovers in 2017

Commencement of handovers: on schedule/earlier/delayed * Tri-City

Project No. of units in project Commencement of handovers

Idea building B3* 58 October 2017

Osiedle Cytrusowe buildings B16, B17* 46 October 2017

Q4

Ursynovia phase 1 79 October 2017

Ursynovia phase 2 111 October 2017

Moderna phase 2 194 November 2017

Osiedle Pod Różami phase 3 50 November 2017

Saska III 359 November 2017

Żoliborz Artystyczny phase 5 126 November 2017

Żoliborz Artystyczny phase 6 137 November 2017

Żoliborz Artystyczny phase p 7 140 November 2017

Wille Taneczna 119 December 2017

Wilno III phase 2 129 December 2017

Wilno III phase 3 111 December 2017

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

18

No PROJECT UNDER CONSTRUCTION

IN PREPARATI

ON

1 ŻOLIBORZ ARTYSTYCZNY 403 ---

2 ŻOLIBORZ ARTYSTYCZNY II --- 1 323

3 PREMIUM 495 ---

4 WILLE LAZUROWA 102 ---

5 WŁODARZEWSKA 30 (NOWOSOLIPSOWSKA)

123 ---

6 APARTAMENTY PARK SZCZĘŚLIWICKI (PRZY PARKU)

46 ---

7 MARINA MOKOTÓW --- 753

8 APARTAMENTY MOKOTÓW NAD SKARPĄ (BUKOWIŃSKA III)

190 ---

9 CYBERNETYKI 17 393 240

10 WILLE TANECZNA 119 116

11 URSYNOVIA (ANODY) 190 ---

12 SOBIESKIEGO --- 153

13 DOM NA BARTYCKIEJ 131 ---

TOTAL LEFT BANK 2 192 2 585

No PROJECT UNDER

CONSTRUCTION IN

PREPARATION

14 REGATY --- 272

15 PALLADIUM (AKACJE) --- 566

16 KLASYKÓW 204 ---

17 PORT ŻERAŃ (KOWALCZYKA)

362 482

18 MODERNA 570 ---

19 AMSTERDAM (SAMARYTANKA)

374 202

20 WILNO 760 1 101

21 FORMA (MOTOROWA) 294 213

22 SASKA III 359 ---

23 SIENNICKA --- 533

TOTAL RIGHT BANK 2 923 3 369

Warsaw

1 3

5

11

8

15 16

22

14

17 18

20

21

PROJECT IN PREPARATION

PROJECT UNDER CONSTRUCTION

7 6

12

10

4

9

19

Appendix 2a:

Projects Under Construction and in Preparation Warsaw no. of units, as of 30/09/2017

23

13

2

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Appendix 2b:

Projects Under Construction and in Preparation Tri-City no. of units, as of 30/09/2017

19

PROJECT IN PREPARATION

PROJECT UNDER CONSTRUCTION

Tri-City

No PROJECT UNDER

CONSTRUCTION IN PREPARATION

1 OSIEDLE VIRIDIS 74 ---

2 IDEA 151 252

3 NOWY HORYZONT 76 ---

4 SPEKTRUM 338 231

5 IMPULS 2 208 ---

6 OSIEDLE CYTRUSOWE 46 ---

7 OSIEDLE BEAUFORTA --- 608

8 SCENA APARTAMENTY 61 ---

9 KRYNICKA --- 158

10 STAROGARDZKA (NEW) --- 649

TOTAL 954 1 898

1

2 4

5 8

7

9

3 6

10

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

20

Appendix 2c:

Projects Under Construction and in Preparation Wroclaw no. of units, as of 30/09/2017

PROJEKT UNDER

CONSTRUCTION

IN PREPARATION

1 KSIĘŻE NOWE (RYBNICKA)

--- 132

2 AURA 172

3 STABŁOWICKA (NEW)

223

TOTAL 172 355

Wroclaw

PROJECT IN PREPARATION

PROJECT UNDER CONSTRUCTION

2

1

3

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

Appendix 2d:

Projects Under Construction and in Preparation Summary

21

CITY No OF PROJECTS UNDER

CONSTRUCTION UNDER CONSTRUCTION IN PREPARATION TOTAL (No OF UNITS)

WARSAW 30 5 115 5 954 11 069

WROCLAW 1 172 355 527

TRI-CITY 7 954 1 898 2 852

TOTAL 38 6 241 8 207 14 448

Dom Development Euro Styl Dom Development Wrocław

Consolidated Group

22

For further information, please contact: Matylda Sieradzka Investor Relations

tel. +48 22 351 68 49 e-mail: matylda.sieradzka@domd.pl www.inwestor.domd.com.pl

Dom Development S.A. endeavours 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. Dom Development S.A. connot accept responsibilty for the consequences of using such information. and in particular any loss caused by reliance thereon for the purpose of investment decisions. The material contained in the presentation originates from reliable public sources and to the best knowledge of Dom Development S.A. may be considered reliable.