Dom Development SA

1
Dom Development SA
Presentation of 2nd Quarter 2007 Results
(Meeting with investors and analysts 10 August
2007)
http//domdevelopment.pl/relacje-inwestorskie/prez
entacje.html?langenglish
2
Evaluation of the Warsaw real estate market

FACTOR
EVALUATION

• Demand for flats and houses
• Households financial condition
• Availability of mortgage facilities
• Macroeconomic conditions
• Demographic environment

Neutral
Positive
Neutral
Positive
Positive
3
Price increase dynamics in the6 months of 2007
Increase by 10.6
Source redNet Property Consulting

• In the 6 months the prices increased by
  10.6, with about 8 in the 1st Q and about 2.6
  in the 2nd Q

4
Basic financial results for the 6 months of 2006
and 2007 (mPLN)
Quarterly financial results
6 month financial results

• 2Q 2007/2Q 2006 revenues increased by 0.7
  net profit increase by 28.1
• Record levels of net profit at PLN 54.7 mn
• 1H 2007/1H 2006 revenues increased by 15.2
  net profit increase by 59.1 ,

5
Quarterly financial results1Q 2006 2Q 2007
(mPLN)
Quarterly revenues
Quarterly profits

• Record level of revenues and profits in the 2Q
  2007 indicates the ever growing scale of
  operations of the company and increased efficiency

6
Quarterly margins () 1Q 2006 2Q 2007
Quarterly margins

• The clear increase of the net profit and the
  gross sales profit margins is a consequence of
  price increase, greater effectiveness of projects
  and a relatively high share of high standard
  projects in 2006

7
Balance sheet data 1Q 2006 2Q 2007
(mPLN)
8
Flat sales and completion

• Dynamic increase in flat sales in the 2Q 2007 by
  about 38 as compared to 2Q 2006.

Quarterly sales
6 month sales
Quarterly completions delivered to clients
6 month completions delivered to clients
9
Projects high increase of land bank

• The Company completed projects consisting of over
  9,200 flats and houses.
• At present the Company is in the process of
  constructing over 3,200 flats and apartments
  having the value of about PLN 1.5 billion
• Dom Development also has further 7,328 flats and
  houses under preparation. The value of these
  projects amounts to about PLN 3.4 billion.

10
Controlled land / projects in course of
preparation(as at 9 August 2007)
11
Dom Development on the WSE
Price on 8 Aug 2007 PLN 158.0
Debut quotation price of PLN 121.5
Debut date
24 October
2006 End price on debut date
PLN 121.50 Capitalisation
at debut price PLN
2.6 billion Capitalisation on
8 August 2007
PLN 3.9
billion Capitalisation increase since the 1st
quotation 50