Dom Development S.A. Presentation of 1st Quarter 2008 Consolidated Results

Dom Development S.A.Presentation of 1st Quarter 2008 Consolidated Results

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

Warsaw real estate market


Evaluation of the Warsaw real estate market

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Mortgage loans market – prospects of development

Source: National Bank of Poland, Central Statistical Office, Rzeczpospolita

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Price increase dynamics in 1st Quarter 2008

Source: redNet Property Consulting

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Sales and deliveries


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.


Financial results


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.


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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Balance sheet data Q1 2007 – Q1 2008 (PLNm)

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Assets’ structure (PLNm)

INVENTORYINVENTORY

4th quarter 2007 1st quarter 2008

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Projects under construction and in preparation


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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Controlled land/projects in preparation (as of 9 May 2008)

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Projects offered for sale (as of 9 May 2008)

•As of 31/03/2008

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Prezentacja wyników skonsolidowanych za 1 kwartał 2008

Ewa PlichtaInvestor Relations ManagerTel.: +48 22 351 68 49

email: [email protected]

Dom Development S.A.Investor relations

http://domdevelopment.pl/relacje-inwestorskie.html?lang=english18

Documents

Dom Development S.A. Presentation of 1st Quarter 2008 Consolidated Results