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

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Presentation on theme: "Dom Development S.A. Presentation of 1st Quarter 2008 Consolidated Results."— Presentation transcript:

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

2 1 / Warsaw real estate market 2 / Sales and deliveries 3 / Financial results 4 / Projects under construction and in preparation Agenda 2

3 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Warsaw real estate market

4 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Evaluation of the Warsaw real estate market 4

5 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Mortgage loans market – prospects of development Source: National Bank of Poland, Central Statistical Office, Rzeczpospolita 5

6 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Price increase dynamics in 1st Quarter 2008 Average price per sqm (PLN) December 2007 March 2008 Change Warsaw8,6598,9183.0% Source: redNet Property Consulting 6

7 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Sales and deliveries

8 Presentation of 1st Quarter 2008 Consolidated Results AGENDA 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 Q1 2007Q2 2007Q3 2007Q4 2007Q TOTAL Q1 2007Q2 2007Q3 2007Q4 2007Q Popular flats Superior apartments Luxury apartments Houses TOTAL  The impressive number of flats delivered to clients in Q constitutes a 21% share in the overall number of flats delivered in Warsaw during this period.

9 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Financial results

10 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Quarterly financial results Q – Q (PLNm) QUARTERLY PROFITS: QUARTERLY REVENUES: 10  Q1 2008/Q – revenues increase of 9%.  Net profit in Q was 21% higher than that of the same period in  Q1 2008/Q – revenues increase of 9%.  Net profit in Q was 21% higher than that of the same period in 2007.

11 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Quarterly margins (%) Q – Q  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: 11

12 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Balance sheet data Q – Q (PLNm) 12

13 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Assets’ structure (PLNm) INVENTORY 4th quarter st quarter

14 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Projects under construction and in preparation

15 Presentation of 1st Quarter 2008 Consolidated Results AGENDA 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. Number of units As at 26/02/2008 As at 09/05/2008 Change Completed projects 10,77011, Projects under construction and offered for sale 2,6922, Controlled land/projects in preparation 8,1737, TOTAL21,63521,

16 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Controlled land/projects in preparation (as of 9 May 2008) 16 POPULAR FLATSLOCATIONNO OF UNITSCOMMENCEMENT DATEPROJECT VALUE (PLNbn) Derby 9Białołęka1922Q 2008 Derby 11Białołęka1481Q 2009 Derby 14Białołęka6962Q 2009 Derby 20Białołęka603Q 2008 Winnica 1 (ph 1-3)Białołęka8402Q 2008 Regaty 4-6Białołęka4972Q 2008 Akacje 10 ph 2Białołęka631Q 2010 Akacje 11Białołęka772Q 2008 GórczewskaWola3553Q 2008 Regaty 2 stage 8Białołęka1962Q 2009 Rondo WiatracznaPraga Południe6241Q 2010 Winnica 2 phase 1Białołęka1252Q 2009 GocławPraga Południe15962Q 2009 KlasykówBiałołęka5434Q 2008 JugosłowiańskaPraga Południe7171Q 2009 Wrocław – NyskaKrzyki4903Q 2008 Wrocław – Nyska 2Krzyki2464Q 2009 SUBTOTAL 7,465 LUXURY APARTMENTS Opera 2Śródmieście111Q 2009 SUBTOTAL 11 HOUSES Malwa 4Białołęka161Q 2010 KlasykówBiałołęka743Q 2009 Józefosław 862Q 2009 SUBTOTAL 176 TOTAL 7,

17 Presentation of 1st Quarter 2008 Consolidated Results AGENDA Projects offered for sale (as of 9 May 2008) As of 31/03/ Under constructionLocationNo of unitsSales progress (units)*Construction progress*Commencement dateCompletion date Popular flats Derby 15Białołęka27796 %94%1Q 20072Q 2008 Olbrachta 1 i 2Wola44870%61%2Q 20074Q 2008 Olimpia 2 ph 5Ursynów6394%54%2Q 20074Q 2008 Regaty 1, 2, 3Białołęka56654% (1,2); 0% (3)34% (1,2); 2% (3)3Q 20073Q 2009 Derby 17Białołęka18593%70%2Q 20073Q 2008 Derby 13Białołęka17421%22%4Q 20073Q 2009 Derby 18Białołęka8224%4%1Q 20082Q 2009 Róża WiatrówTargówek18415%5%1Q 20084Q 2009 Derby 16 NEWBiałołęka2760%8%1Q 20084Q 2009 Superior apartments Zawiszy 2Wola16180%66%4Q 20063Q 2008 GrzybowskaŚródmieście2877%8%1Q 20084Q 2009 Single family houses Laguna 2 NEWUrsynów264%2%1Q 20083Q 2009 Regaty 2 stage 9 NEWBiałołęka880%5%2Q 20082Q 2009 CompletedLocationNo of unitsSales progress (units)*Construction progress*Commencement dateCompletion date Popular flats Olimpia 2 ph 4Ursynów28299%100%3Q 20064Q 2007 Derby 7 ph1Białołęka1270%100%4Q 20052Q 2007 Superior apartments Patria 1 i 2Śródmieście24292%100%3Q 20053Q 2007 GdańskiŚródmieście26085%100%1Q 20063Q 2007 BrunaMokotów24778% 2Q 20061Q 2008 Zawiszy 1Wola19486%89%4Q 20062Q 2008

18 Prezentacja wyników skonsolidowanych za 1 kwartał 2008 Ewa Plichta Investor Relations Manager Tel.: Dom Development S.A. Investor relations 18


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