Dom Development S.A.

Q3 2014 Results Presentation 24 October 2014

Presentation Plan

2

Highlights 3 Residential Market in Q3 2014 4 Operations: Quarterly Net Sales 5 Cancellations – Sales Quality 6 Dom’s Offer 7 New construction starts 8 Units under construction and in preparation 9 Handovers 10 Finance: Profit & Loss Account 11 Gross Margin Analysis 12 Balance Sheet 13 Interest-bearing debt – maturity dates 14 Summary 15 Appendix 1: Commencement of Handovers in 2014 17 Appendix 2: Dom’s Projects under Construction and in Land Bank 18

Slide No.

Highlights

3

Taking advantage of market potential

Another quarter with sales levels of 2006-2007 boom

Increase in sales volume with favourable margins

Maintenance of high offer levels and diversity in response to strong market

demand

Cash levels still high: PLN 343m as of 30 September 2014, gearing of 9%

Residential Market in Q3 2014

4

Strong market with demand and new flat supply in balance

Low interest rates main support for demand

Weaker developers may face problems with sustaining offer levels

Homes for the Young – low impact on the Warsaw market in Q3 2014

Quarterly Net Sales

5

334 339

386414

466

400

463495

0

100

200

300

400

500

600

Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014

No.of flats

6

9,7%8,4%

6,1%

3,9%4,9% 5,4% 5,7% 5,7%

0%

2%

4%

6%

8%

10%

12%

Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014

Cancellations – Sales Quality

Cancellations share in gross sales

Developers Act in force from 29 April 2012 causing substantial increase in cancellations.

7

1 545 1 253

1 442 1 491 1 625

1 241

2 086 2 200

458

411 381 314

232

444

365 304

-

200

400

600

800

1 000

1 200

1 400

1 600

1 800

2 000

2 200

2 400

2 600

2 800

31/12/2012 2 003

31/03/2013 1 664

30/06/2013 1 823

30/09/2013 1 805

31/12/2013 1 857

31/03/2014 1 685

30/06/2014 2 451

30/09/2014 2 504

Units under construction Units on finished projects

Dom’s Offer

No.of flats

8

273

393

518

218

701

297

1 020

338

0

200

400

600

800

1 000

1 200

Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014

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

New Construction Starts

No.of flats

9

2 6762 946

2 524

3 138 3 128

6 093 6 211 6 196

5 1734 838

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

30/09/2013 31/12/2013 31/03/2014 30/06/2014 30/09/2014

Units under construction Units in preparation

No.of flats

Units under construction and in preparation

Handovers

10

Liczba mieszkań

549519

295252

496 516

450

374

0

100

200

300

400

500

600

Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014

Flats sold but not delivered

30/09/2014

230 – units on finished projects 916 – units under construction

No.of flats

Q3 2014 Q3 2013 Change Q1-Q3 2014

Q1-Q3 2013

Change

Sales Revenues 159.9 123.6 29.4% 521.5 463.8 12.4%

Revenue per 1 Flat Delivered (PLNk) 427.5 490.4 -12.8% 389.2 435.1 -10.5%

Gross Profit on Sales 40.2 23.9 67.8% 93.8 102.6 -8.6%

Gross Profit Margin 25.1% 19.4% 5.8 pp 18.0% 22.1% -4.1 pp

EBITDA 21.1 3.6 482.0% 34.4 40.1 -14.0%

EBITDA Margin 13.2% 2.9% 10.3 pp 6.6% 8.6% -2.0 pp

Net Profit 15.3 1.1 - 26.2 28.5 -7.9%

EPS (PLN) 0,62 0,05 - 1,06 1,15 -8,0%

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PLN m

Profit & Loss Account IAS 18

12

70,8 39,8 43,1 65,8 55,3 56,0 22,7 23,9 54,4 32,6 21,1 40,2 0%

5%

10%

15%

20%

25%

30%

35%

0

10

20

30

40

50

60

70

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014

Gross Profit on Sales (PLN m) Gross Profit Margin

PLN m

Gross Margin Analysis

13

30.09.2014 30.09.2013 Change

Cash* 342.7 364.0 -5.9%

Work in Progress 1,058.8 1,092.8 -3.1%

Net Interest-Bearing Debt 71.3 90.0 -20.8%

Shareholders’ Equity 828.5 830.2 -0.2%

Gearing 8.6% 10.8% -2.2 pp

Net Assets per Share (PLN) 33.45 33.56 -0.3%

PLN m

Balance Sheet IAS 18

* Including cash in an escrow account

14

343

100 120

50 46

98

0

50

100

150

200

250

300

350

Cash as of30.09.2014

by 30.09.2015 by 30.09.2016 by 30.09.2017 by 30.09.2018

Unsecured bonds Bank Loans

PLN m

Comfortable Debt Maturity Structure

Summary: 9 Months of 2014

15

Sales and margins growing

Maintenance of high offer levels and diversity in response to strong market demand

3,128 flats under construction and 2,504 available for sale at the end of Q3 2014

High cash levels and low net debt – high potential for land purchases and new starts

Financial profits improved in Q3 2014 (net profit of PLN 15.3m) – effect of favourable

project deliveries mix

Appendices

17

Project No. of Units in Project Commencement of

Handovers

Q1

Derby 14 ph. 3 189 January 2014*

Młyny Królewskie 294 January 2014*

Klasyków ph. 2 236 February 2014*

Q2

Wilno I ph. 2B 124 May 2014*

Adria ph. 3 183 May 2014*

Willa na Harfowej 90 June 2014*

Q3 Saska ph. 3/3 170 August 2014*

Saska ph. 3/4 178 August 2014*

Q4

Żoliborz Artystyczny ph. 1 223 November 2014

Żoliborz Artystyczny ph. 2 152 November 2014

Derby 14/4 188 December 2014

Appendix 1:

Commencement of Handovers in 2014

* - Actual

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TOTAL UNDER

CONSTRUCTION IN PREPARATION FINISHED

WARSAW 2 553 4 683 21 111

WROCLAW 575 155 246

DOM 3 128 4 838 21 357

PROJECT UNDER

CONSTRUCTION IN

PREPARATION

AL. PIASTÓW 171 ---

OAZA 218 ----

AURA 186 155

WROCLAW 575 155

PROJECT UNDER

CONSTRUCTION IN

PREPARATION

WILLA LINDEGO 121 ---

ŻOLIBORZ ARTYSTYCZNY 825 749

REZYDENCJA MOKOTÓW (NARUSZEWICZA)

133 ---

OSIEDLE POD RÓŻAMI (WŁODARZEWSKA)

107 ---

GARAŻOWA ---- 326

BUKOWIŃSKA ---- 235

BUKOWIŃSKA NAD SKARPĄ

---- 207

TOTAL LEFT BANK 1 186 1 517

PROJECT UNDER

CONSTRUCTION IN PREPARATION

REGATY ---- 204

PALLADIUM (AKACJE) 245 824

KLASYKÓW 231 204

DERBY 188 ----

WILNO 317 1 316

APARTAMENTY SASKA NAD JEZIOREM

386 239

SASKA III --- 379

TOTAL RIGHT BANK

1 367 3 166

Appendix 2:

Projects Under Construction and in Preparation as of 30/09/2014

Dom Development S.A. endeavours to ensure that the information in the presentation in complete, up-to-date and accurate. However, we do not make any guarantees in this respect. Dom Development S.A. connot accept responsibilty for consequences of using such information, in particular any loss caused by reliance thereon for the purpose of investment decisions. The material contained in the presentation originate from reliable public sources and to the best knowledge of Dom Development S.A. may be considered reliable.

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For further information, please contact: Magdalena Kempa Investor Relations Specialist

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