H1 2021 financial and opartating results of Dom Development S.A. Capital Group - leading polish house builder

1. PRESENTATION OF H1 2021 RESULTS
26 AUGUST 2021
DOM DEVELOPMENT S.A. CONSOLIDATED GROUP

2. 2
DOM DEVELOPMENT GROUP – NO. 1 HOMEBUILDER IN POLAND
CREATING NEIGHBOURLY LIVING SPACE IN BIG CITIES
WROCŁAW
IN 25 YEARS OUR DEVELOPMENTS
HAVE BECOME HOME TO OVER 120 000 PEOPLE

3. 3
CRACOW
SECOND LARGEST HOUSEBUILDING MARKET IN POLAND
HIGHLY FRAGMENTED: GREAT EXPANSION OPPORTUNITY
CRACOW DEVELOPER IN DOM DEVELOPMENT GROUP
1 JULY 2021 – ACQUISITION OF A 77% CONTROLLING STAKE IN SENTO S.A.
8 789
Flats sold in 2020
No. 2 to Warsaw;
JLL data
PLN 10 768
Average offer price per sqm
as at Q2 2021
No. 2 to Warsaw; JLL data
780k
Population
Attractive destination with
growing population
~6%
Leading market share
Heavily fragmented market
with high potential for
consolidation
• One of Poland’s main business centers
• Strong labour market – high wages and low unemployment
• University city with 130 000 students
• Numerous attractions and high tourist traffic

4. 4
CRACOW DEVELOPER IN DOM DEVELOPMENT GROUP
1 JULY 2021 – ACQUISITION OF A 77% CONTROLLING STAKE IN SENTO S.A.
Sento S.A.
LOCAL EXPERIENCE IN PREMIUM SEGMENT
Data presented in the following part of this presentation does not include Sento S.A.
228
Flats in offer
as at 30.06.2021
Across three locations
in Cracow
327
Units under construction
three phases of SenTOTU
development
127
Units sold in H1 2021
significant sales growth
(12M 2020: 117 units)
727
Units in land bank
including 561 in
Górka Narodowa project
3
2
1 SenTOTU Sensity Barska 69
2
1
3
PROJECTS IN THE OFFER:
READY FOR HANDOVER
UNDER CONSTRUCTION
PROJECT IN PREPARATION
FINISHED PROJECTS

5. 5
THE FIRST HALF OF 2021 AT DOM DEVELOPMENT GROUP
2 116
UNITS SOLD
+30% YoY
PLN 638k
AVERAGE VALUE
per sold flat
17k
UNITS IN LAND BANK
Record-high development potential
PLN 10 per share
RECORD-HIGH DIVIDEND FOR 2020
PLN 254m in total
PLN 549m
CASH AS AT 30.06.2021
PLN 65m net cash
70.1 points
NET PROMOTER SCORE
Underscores our quality
*NPS – Net Promoter Score is an indicator calculated on the basis of customer satisfaction surveys, with a value ranging from -100 to 100 points; data on Polish housing
developers is not available, though the average value for UK developers is 42 points (National new home customer satisfaction survey, March 2021).

6. 6
H1 2021 FINANCIAL SUMMARY
REVENUES
H1 2021 H1 2020 CHANGE
PLN 1 144m PLN 772m +PLN 372m
+48%
33% GROSS MARGIN
H1 2020: 31%
35% ROE 12M
H1 2020: 28%
-6% GEARING
30.06.2020: - 4%
NET PROFIT
H1 2021 H1 2020 CHANGE
PLN 233m PLN 118m +PLN 115m
+97%
NET CASH
30.06.2021 30.06.2020 CHANGE
PLN 65m PLN 51m +PLN 14m
+27%

7. 7
MARKET IN H1 2021
• Strong demand across all market segments
• Insufficient market supply due to administrative delays and permit problems,
particularly in Warsaw
• Accelerated price growth due to strong demand alongside restricted supply
• Low interest rates and rising inflation expectations provided boost to housing market
• High mortgage availability
• Cash purchases continue to account for approx. 40% of Group sales
• Building on time and within bugdet despite rising prices and limited availability of construction materials

8. 8
815 816
995
1 130 1 084 1 032
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021
SALES
No. of units
30% YOY VOLUME GROWTH IN H1 2021
Net sales (units)
H1
2021
H1
2020
Change
YoY
Warsaw 1 148 1 100 +4%
Tri-City 674 367 +84%
Wroclaw 294 164 +79%
Dom Development
Group
2 116 1 631 +30%
2 116 UNITS
SOLD IN H1 2021

9. 9
Average transaction
value (PLN k)
H1
2021
H1
2020
Change
YoY
Warsaw 758 634 +20%
Tri-City 512 433 +18%
Wroclaw 445 449 -1%
Dom Development
Group
638 567 +13%
H1 2021 SALES SEGMENTATION
HIGH SHARE OF PREMIUM FLATS UNDERSCORES GROUP MARKET POSITION
Unit sale value includes price of flat with fit-out (if purchased), storage room (if purchased) and parking space (if purchased).
10%
21%
19%
15%
35%
up to PLN 350k
PLN 350-450k
PLN 450-550k
PLN 550-650k
over PLN 650k
Dom Development Group
Sales value segmentation
Within 6 months
we have sold
over 1 200 flats
at prices exceeding
PLN 500k

10. 10
OFFER
2 019
2 377 2 482 2 375
1 771
30/06/2020 30/09/2020 31/12/2020 31/03/2021 30/06/2021
No. of units
TEMPORARY DROP DUE TO STRONG DEMAND AND ADMINISTRATIVE DELAYS
Group’s offer
by location
30.06.
2021
30.06.
2020
Change
YoY
Warsaw 564 1 422 -60%
Tri-City 802 403 +99%
Wroclaw 405 194 +109%
Dom Development
Group
1 771 2 019 -12%

11. 11
UNITS UNDER CONSTRUCTION
4 507
5 115 5 298 5 579 5 804
30/06/2020 30/09/2020 31/12/2020 31/03/2021 30/06/2021
No. of units
RECORD-HIGH NUMBER OF UNITS UNDER CONSTRUCTION - ALL SITES PROGRESSING ON TIME AND ON BUDGET
Units under
construction
30.06.
2021
30.06.
2020
Change
YoY
Warsaw 2 718 2 635 +3%
Tri-City 2 344 1 308 +79%
Wroclaw 742 564 +32%
Dom Development
Group
5 804 4 507 +29%
Project/phase launches in Q2 2021:
Warsaw:
Metro Zachód phase 3/2 (153 units)
Tri-City:
Osiedle Przy Błoniach buildings 3 and 4 (110 units)
Dynamika building C and D (106 units)
Wydma – Jastarnia (56 units)

12. 12
Land Bank Owned Controlled Total
Change
YoY
Warsaw 3 191 6 497 9 688 +37%
Tri-City 3 774 1 748 5 522 -17%
Wroclaw 544 1 293 1 837 +27%
Dom Development
Group
7 509 9 538 17 047 +12%
LAND BANK – OWNED AND CONTROLLED
RECORD-HIGH LAND BANK POTENTIAL – OVER 17K PLOTS TO BE DEVELOPED
7 633 7 507 6 691 7 144 7 509
7 582
5 745 7 975
8 448
9 538
15 215
13 252
14 666
15 592
17 047
30/06/2020 30/09/2020 31/12/2020 31/03/2021 30/06/2021
Plots owned Plots controlled
No. of units to be developed

13. 13
DELIVERIES
MOST OF OUR 2021 DELIVERIES TOOK PLACE IN H1:
WE ARE DELIVERING THE HIGHEST QUALITY FLATS ON SCHEDULE
No. of units
Deliveries in units
H1
2021
H1
2020
Change
YoY
Warsaw 1 201 930 +29%
Tri-City 277 227 +22%
Wroclaw 444 84 +429%
Dom Development
Group
1 922 1 241 +55%
549
692 692
1 073
1 366
556
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021

14. 14
0
500
1 000
1 500
2 000
2 500
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 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
2013 2014 2015 2016 2017 2018 2019 2020 2021
CUMULATIVE NET SALES TO BE RECOGNIZED IN P&L
(UNITS SOLD BUT NOT DELIVERED - PRESALES)
RECORD-HIGH REVENUE PIPELINE OF PLN 2 365M
PLN m
Units sold but not delivered (presales): Value
30.06.2020 3 751 units PLN 1 938m
30.06.2021 4 305 units, including: PLN 2 365m
• 345 finished units;
• 3 960 units under construction,
with 1 453 completing in 2021

15. 15
Profit and Loss Account H1 2021 H1 2020
Change
YoY
Sales Revenues 1 144.4 772.2 +48%
Handovers (units) 1 922 1 241 +55%
Revenue per unit (PLN’000) 595.4 622.2 -4%
Gross Profit on Sales 380.1 239.4 +59%
Gross Profit Margin 33.2% 31.0% +2.2 pp
Operating Profit 289.6 153.9 +88%
Operating Profit Margin 25.3% 19.9% +5.4 pp
Profit Before Tax 288.3 146.5 +97%
Profit Before Tax Margin 25.2% 19.0% +6.2 pp
Net Profit 232.5 117.7 +98%
Net Profit Margin 20.3% 15.2% +5.1 pp
EPS (PLN) 9.17 4.68 +96%
IAS 15, PLN m
PROFIT AND LOSS ACCOUNT
MEASURABLE OUTCOMES OF MARGIN-MAXIMISATION STRATEGY

16. 16
BALANCE SHEET
STRONG BALANCE SHEET SUPPORTS GROUP DEVELOPMENT AND GROWTH IN SCALE OF OPERATIONS
PLN m
ASSETS 30.06.2021 30.06.2020 Change
Current Assets 3 171 3 287 -4%
Cash 549 644 -15%
Incl. escrow accounts 42 44 -6%
Inventory, including: 2 433 2 548 -5%
Land and projects under construction 1 972 2 034 -3%
Finished units, parking places and storage cells 144 246 -41%
Fixed Assets 77 69 11%
TOTAL ASSETS 3 248 3 356 -3%
EQUITY AND LIABILITIES 30.06.2021 30.06.2020 Change
Equity 1 148 1 208 -5%
Total Liabilities 2 100 2 149 -2%
Long-term liabilities 569 726 -22%
Incl. Interest-bearing debt (bonds and loans) 406 593 -31%
Short-term liabilities, including: 1 532 1 432 8%
Deferred income 1 056 1 024 3%
Interest-bearing debt (bonds and loans) 78 - n.a.
TOTAL EQUITY AND LIABILITIES 3 248 3 356 -3%
FIXED
OTHER
INVENTORY
CASH
EQUITY
EQUITY
LONG-TERM
LIABILITIES
LOANS
BONDS
OTHER
SHORT-TERM
LIABILITIES
TRADE
PAYABLES
AND OTHER
BONDS
LEASING
DEFFERED
INCOME
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
2 600
2 800
3 000
3 200
ASSETS LIABILITIES
PLN m

17. 17
DEBT MATURITY STRUCTURE
WELL-SPREAD DEBT MATURITY SUPPORTS OUR AGILITY
PLN 549m
CASH
PLN 339m
AVAILABLE CREDIT LINES
78
50 50 50
100
110
46
0
20
40
60
80
100
120
by 11.2021 by 12.2022 by 10.2023 by 12.2024 by 09.2025 by 05.2026
Bonds Bank loans
PLN m
As of 30.06.2021

18. 18
SUMMARY: H1 2021
• Strong demand across market segments
• 2 116 units sold at high margin
• Record-high 5 804 units under construction at June end
• 1 922 units delivered at average value of PLN 595k
• Gross margin at 33% and net profit of PLN 232.5m
• PLN 549m cash at bank with negative gearing of 6%

19. ZAŁĄCZNIKI
APPENDICES

20. 20
COMMENCEMENT OF HANDOVERS IN Q3-Q4 2021
PROJECT/PHASE LOCATION
NO. OF
UNITS
COMMENCEMENT
OF HANDOVERS
PROJECT/PHASE LOCATION
NO. OF
UNITS
COMMENCEMENT
OF HANDOVERS
3RD
QUARTER
DAWNA POCZTA TRI-CITY 106 JUL'21
4TH
QUARTER
WILNO V PHASE 1 WARSAW 326 OCT'21
BEAUFORTA BUILDING 18 TRI-CITY 35 AUG'21 LOCUS BUILDING 4 TRI-CITY 91 NOV'21
BEAUFORTA BUILDING 19 TRI-CITY 32 AUG'21 NASZE MIEJSCE BUILDING B TRI-CITY 44 NOV'21
BEAUFORTA BUILDING 20 TRI-CITY 38 AUG'21 PERSPEKTYWA PHASE 1/1 TRI-CITY 33 NOV'21
ZIELONY POŁUDNIK BUILDING 13 TRI-CITY 50 SEP'21 BEAUFORTA BUILDING 8 TRI-CITY 35 NOV'21
OSIEDLE CIS TRI-CITY 148 SEP'21 BEAUFORTA BUILDING 9 TRI-CITY 27 NOV'21
BEAUFORTA BUILDING 11 TRI-CITY 35 NOV'21
ŻOLIBORZ ARTYSTYCZNY PHASE 13/1 WARSAW 158 DEC'21
ŻOLIBORZ ARTYSTYCZNY PHASE 13/2 WARSAW 55 DEC'21
METRO ZACHÓD PHASE 2/1 WARSAW 129 DEC'21
OSIEDLE GŁĘBOCKA PHASE 1 WARSAW 60 DEC'21
PERSPEKTYWA PHASE 1/2 TRI-CITY 21 DEC'21
ZIELONY POŁUDNIK BUILDINGS 18-19 TRI-CITY 44 DEC'21

21. 21
NO. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 METRO ZACHÓD (+363) 551 760
2 LITERACKA --- 530
3 ŻOLIBORZ ARTYSTYCZNY 493 ---
4 CIOŁKA --- 133
5 LUDWIKI --- 429
6 URBINO (NEW) --- 124
7 APARTAMENTY SŁUŻEWIEC (BOKSERSKA) 37 ---
8 PORY --- 200
9 PALLADIUM (AKACJE) --- 566
10 GŁĘBOCKA 271 ---
11 WILNO 851 230
12 REZYDENCJA STANISŁAWA AUGUSTA 125 ---
13 STACJA GROCHÓW 390 ---
14 WAWER --- 219
TOTAL
WARSAW
2 718 3 191
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
9
10
1
2
3
4
5
6
7
8
11
12
13
14
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WARSAW
NO. OF UNITS, AS OF 30/06/2021

22. 22
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
17
1 2
3
4
6
7
8
9
13
14
15
16
5
1011
12
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: TRI-CITY
NO. OF UNITS, AS OF 30/06/2021
NO. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 PERSPEKTYWA 376 283
2 DOKI + MONTOWNIA 343 857
3 DOLNE MIASTO --- 371
4 DAWNA POCZTA 106 ---
5 PIEKARNICZA --- 536
6 DYNAMIKA 196 138
7 NASZE MIEJSCE 124 ---
8 ZIELONY POŁUDNIK 326 138
9 OSIEDLE CIS 148 ---
10 OSIEDLE BEAUFORTA 355 ---
11 OSIEDLE BEAUFORTA 2 --- 414
12 KONSTELACJA --- 642
13 LOCUS 91 ---
14 OSIEDLE PRZY BŁONIACH 220 ---
15 RUMIA ZA BŁONIAMI (NEW) --- 220
16 RUMIA WYŻYNNA (NEW) --- 175
17 WYDMA 59 ---
TOTAL
TRI-CITY
2 344 3 774

23. 23
PROJECTS UNDER CONSTRUCTION AND IN PREPARATION: WROCLAW
NO. OF UNITS, AS OF 30/06/2021
PROJECT IN PREPARATION
PROJECT UNDER CONSTRUCTION
5
1
2
3
4
NO. PROJECT
UNDER
CONSTRUCTION
IN
PREPARATION
1 OSIEDLE CHOCIEBUSKA 11 196 ---
2 APARTAMENTY OŁTASZYN (KUSTRONIA) 158 ---
3 KOMEDY (BUFOROWA) 228 226
4 ZIELNA 160 147
5 CENTRUM (NEW) --- 171
TOTAL
WROCLAW
742 544

24. 24
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.
For further information please contact:
Magdalena Cumanis
tel. +48 22 351 68 49
e-mail: magdalena.cumanis@domd.pl
www.inwestor.domd.pl