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Presentation of 1st Quarter 2008 Consolidated Results
1 / Warsaw real estate market
2 / Sales and deliveries
3 / Financial results
4 / Projects under construction and in preparation
Agenda
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Evaluation of the Warsaw real estate market
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Mortgage loans market – prospects of development
Source: National Bank of Poland, Central Statistical Office, Rzeczpospolita
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Price increase dynamics in 1st Quarter 2008
Source: redNet Property Consulting
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Flat sales and deliveries
The company has maintained a stable sales volume in the current demanding market.
The sales volume is lower than expected because some clients are deferring their purchase decisions.
The company has maintained a stable sales volume in the current demanding market.
The sales volume is lower than expected because some clients are deferring their purchase decisions.
QUARTERLY COMPLETIONS DELIVERED TO CLIENTS
QUARTERLY SALES
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The impressive number of flats delivered to clients in Q1 2008 constitutes a 21% share in the overall number of flats delivered in Warsaw during this period.
The impressive number of flats delivered to clients in Q1 2008 constitutes a 21% share in the overall number of flats delivered in Warsaw during this period.
Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Quarterly financial results Q1 2007 – Q1 2008 (PLNm)
QUARTERLY PROFITS:QUARTERLY REVENUES:
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Q1 2008/Q1 2007 – revenues increase of 9% .
Net profit in Q1 2008 was 21% higher than that of the same period in 2007.
Q1 2008/Q1 2007 – revenues increase of 9% .
Net profit in Q1 2008 was 21% higher than that of the same period in 2007.
Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Quarterly margins (%) Q1 2007 – Q1 2008
Despite the cooling of the economic boom on the residential market, the company is still maintaining high levels of gross sales profit and net profit margin.
Despite the cooling of the economic boom on the residential market, the company is still maintaining high levels of gross sales profit and net profit margin.
QUARTERLY MARGINS:
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Balance sheet data Q1 2007 – Q1 2008 (PLNm)
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Assets’ structure (PLNm)
INVENTORYINVENTORY
4th quarter 2007 1st quarter 2008
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Projects under construction and in preparation
Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Projects – a wide scale
The company has completed projects comprising over 11,200 flats and houses so far. At present, the Company is in the process of constructing over 2,800 flats and houses having a value of around PLN 1.7 billion. Dom Development also has a further 7,652 flats and houses under preparation. The value of these projects amounts to approx PLN 3.6 billion.
The company has completed projects comprising over 11,200 flats and houses so far. At present, the Company is in the process of constructing over 2,800 flats and houses having a value of around PLN 1.7 billion. Dom Development also has a further 7,652 flats and houses under preparation. The value of these projects amounts to approx PLN 3.6 billion.
Dom Development is also currently negotiating the purchase of land for a further 9,100 units. Dom Development is also currently negotiating the purchase of land for a further 9,100 units.
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Controlled land/projects in preparation (as of 9 May 2008)
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Presentation of 1st Quarter 2008 Consolidated ResultsAGENDA
Projects offered for sale (as of 9 May 2008)
•As of 31/03/2008
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