Dom Development S.A.

H1 2014 Results Presentation 21 August 2014

Presentation Plan

2

Highlights 3 Residential Market in Q2 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

Forging Onward

Sales at levels of 2006-2007 boom period

Growing margins

H1 project launches at record-high levels (over 1,300 flats)

High cash levels maintained, PLN 295m as of 30 June 2014, gearing of 15%

Residential Market in Q2 2014

4

Warsaw market sales in Q2 confirm strength of market

Low interest rates is main support for demand

High number of new launches in Q2 confirms developers confidence in the market

Warsaw Q2 closing stock offer shows supply and demand in balance

Homes for the Young – low impact on Warsaw market in Q2 due to low price limits

Quarterly Net Sales

5

361334 339

386414

466

400

463

0

50

100

150

200

250

300

350

400

450

500

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

No. of flats

6

8,8%9,7%

8,4%

6,1%

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

0%

2%

4%

6%

8%

10%

12%

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

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

Cancellations share in gross sales

Cancellations – Sales Quality

Dom’s Offer

7

1 617 1 545 1 253

1 442 1 491 1 625

1 241

2 086

447 458

411

381 314 232

444

365

-

200

400

600

800

1 000

1 200

1 400

1 600

1 800

2 000

2 200

2 400

2 600

30/09/2012 2 064

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

Units under construction Units on finished projects

No. of flats

8

163

273

393

518

218

701

297

1 020

0

200

400

600

800

1 000

1 200

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

New Construction Starts

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

No. of flats

Units under construction and in preparation

9

2 612 2 6762 946

2 524

3 138

6 3116 093 6 211 6 196

5 173

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

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

Units under construction Units in preparation

No. of flats

Handovers

10

Liczba mieszkań 736

549 519

295252

496 516450

0

100

200

300

400

500

600

700

800

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

Flats sold but not delivered

30/06/2014

195 - units on finished projects 830 - units under construction

No. of flats

Profit & Loss Account IAS 18

Q2 2014 Q2 2013 Change H1 2014 H1 2013 Change

Sales Revenues 163.0 119.9 35.9% 361.6 340.2 6.3%

Revenue per 1 Flat Delivered (PLNk) 362.1 406.4 -10.9% 374.3 417.9 -10.4%

Gross Profit on Sales 21.1 22.7 -7.2% 53.7 78.7 -31.8%

Gross Profit Margin 12.9% 19.0% -6.0 pp 14.8% 23.1% -8.3 pp

EBITDA 3.7 2.7 39.3% 13.3 36.4 -63.5%

EBITDA Margin 2.3% 2.2% 0.1 pp 3.7% 10.7% -7.0 pp

Net Profit 1.7 1.0 64.0% 10.9 27.4 -60.0%

EPS (PLN) 0.07 0.04 63.8% 0.44 1.11 -60.0%

11 PLN m

Gross Margin Analysis

12

68,3 70,8 39,8 43,1 65,8 55,3 56,0 22,7 23,9 54,4 32,6 21,1 0%

5%

10%

15%

20%

25%

30%

35%

40%

0

10

20

30

40

50

60

70

80

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

Gross Profit on Sales (PLN m) Gross Profit Margin

PLN m

13

30.06.2014 30.06.2013 Change

Cash* 294.6 349.5 -15.7%

Work in Progress 1,043.8 1,011.7 3.2%

Net Interest-Bearing Debt 119.4 130.5 -8.5%

Shareholders’ Equity 813.3 829.1 -1.9%

Gearing 14.7% 15.7% -1.1 pp

Net Assets per Share (PLN) 32.83 33.51 -2.0%

Balance Sheet IAS 18

PLN m * Including cash in an escrow account

Comfortable Debt Maturity Structure

14

295

100 120

50 46

98

0

50

100

150

200

250

300

350

Cash as of30.06.2014

by 30.06.2015 by 30.06.2016 by 30.06.2017 by 30.06.2018

Unsecured Bonds Bank Loans

PLN m

Summary H1 2014 – Gathering Momentum

15

Sales and margins growing

3,138 units under construction and 2,451 available for sale at the end of Q2 2014

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

H1 2014 financial results in line with the consensus

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

* - Actual

Appendix 1:

Commencement of Handovers in 2014

Appendix 2:

Projects Under Construction and in Preparation as of 30/06/2014

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TOTAL UNDER

CONSTRUCTION IN PREPARATION FINISHED

WARSAW 2 563 5 018 20 763

WROCLAW 575 155 246

DOM 3 138 5 173 21 009

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 ---

WŁODARZEWSKA -DRAWSKA

---- 104

GARAŻOWA ---- 326

BUKOWIŃSKA ---- 235

BUKOWIŃSKA NAD SKARPĄ

---- 207

TOTAL LEFT BANK

1 079 1 621

PROJECT UNDER

CONSTRUCTION IN PREPARATION

REGATY ---- 204

PALLADIUM (AKACJE) 245 824

KLASYKÓW --- 435

DERBY 188 ----

WILNO 317 1 316

SASKA 348 ----

APARTAMENTY SASKA NAD JEZIOREM

386 239

SASKA III --- 379

TOTAL RIGHT BANK

1 484 3 397

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