Dom Development S.A.

2015 Results Presentation 29 February 2016

2015

Vigorous growth to record-high levels

• Net profit of PLN 80.8m (+44% YoY)

• Record-high sales of 2 383 units (+23% YoY)

• Record land purchases (12 projects for 4.5k units)

• Safe cash levels (PLN 225m) and low gearing of 16%

2

Residential Market

• Record-high sales with stable prices

• Market supply and demand balanced

• Record-low interest rates underpin demand

• Homes for the Young programme supported Warsaw market

• High share of cash buyers

3

4

820

1 4681 801

1 4781 699

1 944

2 383

0

500

1 000

1 500

2 000

2009 2010 2011 2012 2013 2014 2015

Annual Net Sales

No. of units (flats and shops)

5

347

399427

479

407

483509

545

467

598640

678

0

100

200

300

400

500

600

Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015

Quarterly Net Sales

No. of units

6

Sales segmentation based on transaction value

* Transaction value includes price of a flat with fit-out (if purchased), storage room (if purchased) and parking place (if purchased).

37% 30% 28% 25%

32% 38%

37% 32%

17% 16% 18%

22%

14% 16% 18% 21%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012 2013 2014 2015

up to PLN 350k 350-450k 450-550k over PLN 550k

452

1 621 1 555 1 545 1 679 2 022

1 696 592

219 242 496 261

312 557

-

500

1 000

1 500

2 000

2 500

31/12/2009 1 044

31/12/2010 1 840

31/12/2011 1 797

31/12/2012 2 041

31/12/2013 1 940

31/12/2014 2 334

31/12/2015 2 253

Units under construction Finished units

7

As of 31/12/2015 Dom’s offer includes units in 13 Warsaw sites and in 3 Wroclaw sites.

Dom’s Offer

No. of units

8

604

2 199

1 716 1 7211 892 1 960

Q1: 637

Q2: 752

Q3: 735

Q4: 279

0

500

1 000

1 500

2 000

2 500

2009 2010 2011 2012 2013 2014 2015

10 projects

10 projects

2 projects

12 projects

11 projects

13 projects

2 403

7 out of 13 projects commenced in 2015 are new locations.

12 projects

New Construction Starts

No. of units

2 824 2 989 2 153

3 029 2 927 2 958

6 973

8 190

7 152 6 360

4 672

6 504

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015

Under construction In preparation

9

Units under construction and in preparation

No. of units

10

1 2

4 3

5 6

7 8 11

12 13

9 10

14

15

17

16

19

21

18

20 22

NO PROJECT UNDER

CONTRUCTION IN

PREPARATION

1 ŻOLIBORZ ARTYSTYCZNY 380 403

2 PREMIUM 206 708

3 OSIEDLE PRZYJACIÓŁ 300 ---

4 WILLE LAZUROWA 166 ---

5 NOWOSOLIPSOWSKA --- 114

6 OS. POD RÓŻAMI III (NEW) --- 50

7 STUDIO MOKOTÓW 329 ---

8 DOM POD ZEGAREM 235 ---

9 APARTAMENTY MOKOTOW NAD SKARPĄ (BUKOWIŃSKA II)

184 ---

10 CYBERNETYKI (NEW) --- 600

11 BUKOWIŃSKA III --- 181

12 TANECZNA (NEW) --- 115

13 ANODY --- 207

TOTAL LEFT BANK 1 800 2 378

NO PROJECT UNDER

CONTRUCTION IN

PREPARATION

14 REGATY --- 217

15 PALLADIUM (AKACJE) --- 780

16 KLASYKÓW 235 204

17 MODERNA 171 593

18 SAMARYTANKA (NEW) --- 581

19 WILNO 452 744

20 MOTOROWA (NEW) --- 493

21 APARTAMENTY SASKA NAD JEZIOREM

236 ---

22 SASKA III --- 359

TOTAL RIGHT BANK 1 094 3 971

Warsaw

TOTAL UNDER

CONSTRUCTION IN PREPARATION FINISHED

WARSAW 2 894 6 349 23 938

WROCLAW (AURA PROJECT)

64 155 657

DOM 2 958 6 504 24 595

Projects Under Construction and in Preparation as of 31/12/2015

PROJECT IN PREPARATION

PROJECT UNDER CONSTRUCTION

Handovers

11

Units sold but not delivered (presales)

31.12.2014 31.12.2015

1 107 units

1 427 units, including

• 260 finished units • 1 167 units under construction

1 567

707

1 313

2 0111 594

1 996 2 062

0

500

1 000

1 500

2 000

2009 2010 2011 2012 2013 2014 2015

No. of units

12

Net sales to be recognized in P&L

PLN m

0

100

200

300

400

500

600

700

800

900

I II III

IV V VI

VII

VIII IX X X

I

XII I II III

IV V VI

VII

VIII IX X X

I

XII I II III

IV V VI

VII

VIII IX X X

I

XII I II III

IV V VI

VII

VIII IX X X

I

XII I II III

IV V VI

VII

VIII IX X X

I

XII

2011 2012 2013 2014 2015

Financial Results Summary

2015 2014 Change Q4 2015 Q4 2014 Change

Sales Revenues 904.2 784.3 15% 480.0 262.8 83%

Gross Profit on Sales 203.9 152.0 34% 110.1 58.2 89%

Gross Profit Margin 22.6% 19.4% 3.2 pp 22.9% 22.2% 0.8 pp

Operating Profit 102.5 69.0 48% 81.8 36.9 122%

Operating Profit Margin 11.3% 8.8% 2.5 pp 17.0% 14.0% 3.0 pp

Profit Before Tax 100.6 69.4 45% 81.8 36.6 123%

Net Profit 80.8 55.9 44% 66.1 29.7 122%

EPS (PLN) 3.26 2.25 45% 2.67 1.19 124%

13 IAS 18, PLN m

Summary of Financial Position

14

Consolidated Balance Sheet IAS 18, PLN m

31.12.2015 31.12.2014 Change

Shareholders’ funds (equity) 883.4 858.3 3%

Net debt* 144.6 41.2 251%

Capital Employed 1,028.0 899.5 14%

Gearing (net debt/equity) 16.4% 4.8% 12 pp

Net asset value per share (PLN) 35.66 34.65 3%

Shares in issue (m) 24.8 24.8 0%

Land Bank

Plots (units) 6,504 4,672 +39%

Gross Margin (PLN m) 515.2 339.7 +52%

*loans and bonds less cash (incl. escrow accounts and bank deposits maturing in over 3M)

Dividends

15

0,15

2,04

0,80 0,80 0,90

1,50

3,68

2,20 2,25

3,25*

0,00

1,00

2,00

3,00

4,00

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

3% 25% 14% 23% 56% 45% 100% 100% 100% 100%

% of net profit

Dividend per share (PLN)

New Dividend Policy from 03.04.2013

(…)It is the intention of the Management Board to procure, in the future, the highest dividend yield for the Company

shareholders, while maintaining a satisfactory balance sheet for the Company and having [sufficient] funds available (…).

*Management Board’s Recommendation for dividend payment from 2015 profit; dividends are always paid in the subsequent year following AGM approval.

Debt Maturity Structure

16

0

120

50

100

30

70

0

20

40

60

80

100

120

140

160

by 31.12.2016 by 31.12.2017 by 31.12.2018 by 31.12.2019 by 31.12.2020

Unsecured Bonds Bank Loans

PLN m

Cash as of 31/12/2015 – PLN 225m

2015

17

Summary:

Net profit of PLN 80.8m (+44% YoY)

Record-high sales of 2 383 units (+23% YoY)

Commencement of 13 new projects with 2,403 units

Record-high number of locations in the offer (Warsaw - 13, Wroclaw - 3)

Large, diversified land purchases (12 locations, approx. 4 500 units)

Land bank diversification by project location, scale and segment

Newly purchased land more quickly introduced to production

Strong balance sheet - PLN 225m of cash and gearing of only 16%

Consistent dividend policy – recommendation of 100% of net profit payment

18

For further information, please contact: Magdalena Cumanis Investor Relations

tel. +48 22 351 68 49 e-mail: magdalena.cumanis@domd.pl www.inwestor.domdevelopment.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.