Dom Development S.A.

H1 2016 Results Presentation 25 August 2016

Highlights

2

Q2 2016

• Record high quarterly sales – 701 units

• Launch of 1 349 units across 8 projects

• 4 new sites purchased with development potential of 2 154 units*

• Net profit of PLN 18.4m

• Safe cash levels (PLN 353m) and negative net debt

*including Marina Mokotów with ~750 units purchased in July 2016

Residential Market in Q2 2016

• Strong sales with stable prices

• Supply and demand still balanced

• Record low interest rates support demand

• Increasing share of cash buyers – approx. 40% of overall

transactions at Dom Development

3

4

427

479

407

483509

545

467

598

640678

615

701

0

100

200

300

400

500

600

700

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

Quarterly Net Sales

No. of units

5

Sales segmentation based on transaction value

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

18%

39%

36% 35%

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

22%

16% 15%

17% 18% 18% 18%

22% 21% 24% 23%

21%

25%

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

35%

Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 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 space (if purchased).

6

2 268 2 022

2 292 2 364 2 397

1 696 1 548

2 505

334

312

212 294 357

557 547

506

-

500

1 000

1 500

2 000

2 500

3 000

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

30/06/2016 3 011

Units under construction Finished units

Dom’s Offer

No. of units

7

345263

637

752 735

279

426

1 349

0

200

400

600

800

1 000

1 200

1 400

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

2 projects 3 projects 2 projects 4 projects 4 projects 8 projects 1 project 3 projects

New Construction Starts

No. of units

3 242 2 927 3 564 3 727 3 989

2 958 3 085

3 935

4 937 4 672

6 276 5 762

5 001

6 504 6 648 6 734

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

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

Under construction In preparation

8

Units under construction and in preparation

No. of units

9

Units sold but not delivered (presales)

31.03.2016 30.06.2016

1 786 units

1 923 units, including:

• 289 finished units • 1 634 units under construction

383

636

190

375478

1 019

256

564

0

200

400

600

800

1000

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

1 000

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 IV V VI

2013 2014 2015 2016

Financial Results Summary

Q2 2016 Q2 2015 Change H1 2016 H1 2015 Change

Sales Revenues 228.7 157.8 45% 367.7 230.3 60%

Gross Profit on Sales 48.1 38.2 26% 79.9 56.5 41%

Gross Profit Margin 21.1% 24.2% -3.1 pp 21.7% 24.5% -2.8 pp

Operating Profit 23.2 13.2 76% 30.6 7.5 309%

Operating Profit Margin 10.2% 8.3% 1.8 pp 8.3% 3.2% 5.1 pp

Profit Before Tax 23.2 13.0 79% 29.6 6.4 359%

Net Profit 18.4 10.6 75% 23.5 5.1 358%

EPS (PLN) 0.74 0.43 73% 0.95 0.21 352%

11 IAS 18, PLN m

Balance Sheet and Profitability

12

Consolidated Balance Sheet IAS 18, PLN m

30.06.2016 30.06.2015 Change

Shareholders’ funds (equity) 826.6 807.7 2%

Net debt* -2.9 69.7 n.a.

Capital Employed 823.6 877.4 -6%

Gearing (net debt/equity) -0.4% 8.6% -9,0 p.p.

Net asset value per share (PLN) 33.35 32.61 2%

Shares in issue (m) 24.8 24.8 0%

ROE (12M) 12.3% 6.2% 6.1 pp

ROCE (12M) 12.2% 5.5% 6.7 pp

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

13

120

50

100

30

50

0

20

40

60

80

100

120

140

160

by 30.06.2017 by 30.06.2018 by 30.06.2019 by 30.06.2020

Unsecured bonds Bank Loans

PLN m

Cash as of 30/06/2016 – PLN 353m

Debt Maturity Structure

H1 2016

14

Summary:

3 935 units under construction on 23 projects

3 011 units in Dom’s offer as of June 2016

1 316 units sold in H1 2016, with record high 701 units in Q2

New land for over 2 700 units: Sobieskiego, Kowalczyka, further phases of

Wilno, and Marina Mokotów

Cash resources for land purchases and new project starts: PLN 353m of cash

and no net debt

H1 2016 net profit of PLN 23.5m, with PLN 18.4m in Q2

Appendices

16

Project No. of units in

project Commencement of

handovers

Q1 Aura phase 1B (Wroclaw) 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 June2016

Q3

Wille Lazurowa 166 September 2016

Osiedle Przyjaciół phase 1 116 September 2016

Osiedle Przyjaciół phase 2 89 September 2016

Q4

Dom Pod Zegarem 235 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

Commencement of handovers: on schedule/ earlier / delayed

Appendix 1:

Commencement of handovers in 2016

17

NO PROJECT UNDER

CONTRUCTION IN

PREPARATION

1 ŻOLIBORZ ARTYSTYCZNY 783 ---

2 PREMIUM 442 471

3 OSIEDLE PRZYJACIÓŁ 300 ---

4 WILLE LAZUROWA 166 ---

5 WŁODARZEWSKA 30 (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 URSYNOVIA (ANODY) 190 ---

14 SOBIESKIEGO (NEW) --- 153

15 MARINA MOKOTÓW (purchased in July 2016)

--- 750

TOTAL LEFT BANK 2 679 2 384

NO PROJECT UNDER

CONTRUCTION IN

PREPARATION

16 REGATY --- 217

17 PALLADIUM (AKACJE) 214 566

18 KLASYKÓW --- 204

19 KOWALCZYKA (NEW) --- 792

20 MODERNA 365 424

21 SAMARYTANKA --- 581

22 WILNO (+459) 318 1 668

23 MOTOROWA --- 493

24 SASKA III 359 ---

TOTAL RIGHT BANK 1 256 4 945

Warsaw

TOTAL UNDER

CONSTRUCTION IN PREPARATION FINISHED

WARSAW 3 935 7 329 24 672

WROCLAW (AURA PROJECT)

--- 155 721

DOM 3 935 7 484 25 393

1 2

4 3

5 6

7 8 11

12 13

9 10

16

17

20

24 23

14

18

19

21 22

Appendix 2:

Projects Under Construction and in Preparation no. of units, as of 30/06/2016

PROJECT IN PREPARATION

PROJECT UNDER CONSTRUCTION

15

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.