Dom Development S.A.

Q1 2016 Results Presentation 25 April 2016

• Record Q1 sales – 615 units net in Q1 2016 (+32% YoY)

• Preparing to launch in Q2, 1,312 units across 9 projects with potential future

sales value of PLN 577m

• Net profit of PLN 5.1m

• Safe cash levels (PLN 311m) and low gearing of 4%

2

Highlights

Residential Market

• Strong sales with stable prices

• Supply and demand still balanced

• Record-low interest rates underpin demand

• Homes for the Young programme supported Warsaw market.

Funds for 2016 subsidies exhausted in Q1

• Increasing proportion of cash buyers

3

Quarterly Net Sales

4

399427

479

407

483509

545

467

598640

678

615

0

100

200

300

400

500

600

Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

No. of units

5

26% 27% 36% 32% 28% 26% 27% 24% 26% 24% 24% 28%

41% 39%

36% 35%

36% 37% 37% 35% 32% 33% 29% 23%

18% 16% 15%

17% 18% 18% 18%

22% 21% 24% 23%

21%

16% 17% 13% 15% 18% 19% 18% 20% 21% 19% 24% 28%

Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

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

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

Sales segmentation based on transaction value

6

2 163 2 268 2 022

2 292 2 364 2 397

1 696 1 548

391 334

312

212 294 357

557 547

-

500

1 000

1 500

2 000

2 500

30/06/2014 2 554

30/09/2014 2 602

31/12/2014 2 334

31/03/2015 2 504

30/06/2015 2 658

30/09/2015 2 754

31/12/2015 2 253

31/03/2016 2 095

Units under construction Finished units

Dom’s Offer

No. of units

7

1 055

345263

637

752 735

279

426

0

200

400

600

800

1 000

1 200

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

2 projects 3 projects 2 projects 4 projects 4 projects 7 projects 1 project 3 projects

New Construction Starts

No. of units

3 259 3 242 2 927 3 564 3 727 3 989

2 958 3 085

5 278 4 937 4 672

6 276 5 762

5 001

6 504 6 648

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

30/06/2014 30/09/2014 31/12/2014 31/03/2015 30/06/2015 30/09/2015 31/12/2015 31/03/2016

Under construction In preparation

8

Units under construction and in preparation

No. of units

9

Units sold but not delivered (presales)

31.12.2015 31.03.2016

1 427 units

1 786 units, including

• 313 finished units • 1 473 units under construction

457383

636

190

375478

1019

256

0

200

400

600

800

1000

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

Handovers

No. of units

10

Cumulative net sales to be recognized in P&L

PLN m

200

300

400

500

600

700

800

900

I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III

2013 2014 2015 2016

Q1 2016 Q1 2015 Change Q1 2016 Q4 2015 Change

Sales Revenues 139.1 72.5 92% 139.1 480.0 (71)%

Gross Profit on Sales 31.7 18.3 73% 31.7 110.1 (71)%

Gross Profit Margin 22.8% 25.2% (2.4) pp 22.8% 22.9% (0.1) pp

Operating Profit 7.3 (5.7) n.a. 7.3 81.8 (91)%

Operating Profit Margin 5.3% (7.9)% n.a. 5.3% 17.0% (11.8) pp

Profit Before Tax 6.4 (6.5) n.a. 6.4 81.8 (92)%

Net Profit 5.1 (5.4) n.a. 5.1 66.1 (92)%

EPS (PLN) 0.21 (0.22) n.a. 0.21 2.67 (92)%

11

Financial Results Summary

IAS 18, PLN m

Summary of Financial Position

12

Consolidated Balance Sheet IAS 18, PLN m

31.03.2016 31.03.2015 Change

Shareholders’ funds (equity) 888.2 852.9 4%

Net debt* 38.9 96.8 (60)%

Capital Employed 927.1 949.7 (2)%

Gearing (net debt/equity) 4.4% 11.3% (7) pp

Net asset value per share (PLN) 35.86 34.43 4%

Shares in issue (m) 24.8 24.8 0%

Land Bank

Plots (units) 6,648 6,276 6%

Gross Margin (PLN m) 510.2 476.1 7%

*loans and bonds less cash (incl. escrow accounts)

Debt Maturity Structure

13

120

50

100

30

50

0

20

40

60

80

100

120

140

160

by 31.03.2017 by 31.03.2018 by 31.03.2019 by 31.03.2020 by 31.03.2021

Unsecured Bonds Bank Loans

PLN m

Cash as of 31/03/2016 – PLN 311m

Q1 2016

14

Summary:

3,085 units under construction on 17 projects

2,095 units in the offer as of 31/03/2016

615 units sold in Q1 2016

15% flats sold under the Homes for the Young subsidy programme

Enlarging Wilno project with 588 units, in total 6,648 units in land bank under preparation

Financial firepower for land purchases and new project starts – PLN 311m in cash

and 4% gearing

Net profit of PLN 5.1m (PLN 5.4m loss in Q1 2015)

Appendices

16

Project No. of units in

project Commencement of

handovers

Q1 Aura etap 1B (Wrocław) 64 March 2016

Q2

Wille Miejskie Klasyków phase 1 235 April 2016

Wilno II phase 2 263 May 2016

Apartamenty Saska nad Jeziorem phase 3 236 June 2016

Q3 Wille Lazurowa 166 September 2016

Q4

Dom Pod Zegarem 235 October 2016

Osiedle Przyjaciół phase 1 116 October 2016

Osiedle Przyjaciół phase 2 89 October 2016

Wilno II phase 3 189 November 2016

Studio Mokotów 329 November 2016

Żoliborz Artystyczny phase 8 218 November 2016

Żoliborz Artystyczny phase 9 162 November 2016

Appendix 1:

Commencement of handovers in 2016

17

NO PROJECT UNDER

CONTRUCTION IN

PREPARATION

1 ŻOLIBORZ ARTYSTYCZNY 380 403

2 PREMIUM 442 471

3 OSIEDLE PRZYJACIÓŁ 300 ---

4 WILLE LAZUROWA 166 ---

5 NOWOSOLIPSOWSKA --- 114

6 OS. POD RÓŻAMI III --- 50

7 STUDIO MOKOTÓW 329 ---

8 DOM POD ZEGAREM 235 ---

9 APARTAMENTY MOKOTÓW NAD SKARPĄ (BUKOWIŃSKA II)

184 ---

10 CYBERNETYKI --- 600

11 BUKOWIŃSKA III --- 181

12 TANECZNA --- 115

13 ANODY 190 ---

TOTAL LEFT BANK 2 226 1 934

NO PROJECT UNDER

CONTRUCTION IN

PREPARATION

14 REGATY --- 217

15 PALLADIUM (AKACJE) --- 780

16 KLASYKÓW --- 204

17 MODERNA 171 593

18 SAMARYTANKA --- 581

19 WILNO 452 1 332

20 MOTOROWA --- 493

21 APARTAMENTY SASKA NAD JEZIOREM

236 ---

22 SASKA III --- 359

TOTAL RIGHT BANK 859 4 559

Warsaw

TOTAL UNDER

CONSTRUCTION IN PREPARATION FINISHED

WARSAW 3 085 6 493 24 173

WROCLAW (AURA PROJECT)

--- 155 721

DOM 3 085 6 648 24 894

1 2

4 3

5 6

7 8 11

12 13

9 10

14

15

17

16

19

21

18

20 22

Appendix 2:

Projects Under Construction and in Preparation no. of units, as of 31/03/2016

PROJECT IN PREPARATION

PROJECT UNDER CONSTRUCTION

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.