Presentation is loading. Please wait.

Presentation is loading. Please wait.

PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q3 2009 PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q3 2009.

Similar presentations


Presentation on theme: "PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q3 2009 PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q3 2009."— Presentation transcript:

1 PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q3 2009

2 PRESENTATION AGENDA 2 CHANGE IN ACCOUNTING POLICY 3 CHANGES IN ACCOUNTING POLICY – OUTCOMES 4 PERFORMANCE IN Q CUMULATIVE RESULTS FOR THE 3RD QUARTER Q GROSS SALES PROFIT 9 IMPLEMENTED PROJECTS IN Q ENDED INVESTMENTS IN Q STRATEGY OF J.W. CONSTRUCTION HOLDING S.A. 12 STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP 13 STRATEGY - PROJECTS IN THE PIPELINE 15 STRATEGY - APARTMENTS READY TO MOVE IN 21 INDUSTRY DEVELOPMENT PROSPECTS IN THE COMPANYS VIEW22 THE COMPANYS SALES POLICY IN Presentation – PERFORMANCE Q3 2009

3 3 CHANGE IN ACCOUNTING POLICY By the end of 2008, the Group recognized revenues and expenses using the zero-profit-margin method (IAS 11), after: - actual revenues exceeded 50% for a given project, and - actual expenses of the project exceed 40%. In accordance with the new regulations, in force from 2009, the Group applies IAS 18 to recognize revenues and expenses: - revenues are included in the profit and loss account after an apartment is transferred to its buyer under a notarial deed, with alternate options that include revenue recognition after a building permit is received, the purchased apartment is paid for in full and the apartment is officially accepted by the buyer. Presentation – PERFORMANCE Q3 2009

4 4 CHANGES IN ACCOUNTING POLICY – OUTCOMES Changes in accounting policy – outcomes: For particular projects, revenue and expense recognition (and thus gross profit recognition) will be shifted in time Operating result – depends on the phase of the project – will be recognized after a given project is completed, i.e. after 18 – 24 months Presentation – PERFORMANCE Q3 2009

5 5 Slight decrease in revenues from sales in the 3rd quarter 2009, by 8.73% compared to the same period of the previous year. Decrease in margin in the 3rd quarter 2009, by 0.94% compared to the same period of the previous year. PERFORMANCE IN Q data – restated to IAS 18 Presentation – PERFORMANCE Q3 2009

6 6 Operating profit rose by 0,18% in the 3rd quarter 2009 year compared to the corresponding period in the previous year In addition, net profit in the 3rd quarter 2009 posted a 2.47% increase as compared with Q PERFORMANCE IN Q data – restated to IAS 18 Presentation – PERFORMANCE Q3 2009

7 CUMULATIVE RESULTS FOR THE 3RD QUARTER Slight decrease in revenues from sales for the 3rd quarter 2009, by 4% compared to the same period of the previous year. Increase in margin for the 3rd quarter 2009, by 8,42% compared to the same period of the previous year data – restated to IAS 18 Presentation – PERFORMANCE Q3 2009

8 8 Increase in operating profit in cumulative results for the 3rd quarter 2009, by 23.19% compared to the same period of the previous year. Increase in net profit in cumulative results for the 3rd quarter 2009, by 27.18% compared to the same period of the previous year data – restated to IAS 18 Presentation – PERFORMANCE Q CUMULATIVE RESULTS FOR THE 3RD QUARTER 2009

9 9 GROSS SALES PROFITFOR THE 3RD QUARTER 2009 GROSS SALES PROFIT FOR THE 3RD QUARTER 2009 Gross profit from sales after 3 quarters of 2009 equals PLN million.The following projects contributed the main to this figure: Osiedle Lazurowa, Warszawa - 37 % Rezydencja na Skarpie, Warszawa - 14 % Osiedle Leśne, Gdynia - 12 % Osiedle Górczewska Park, Warszawa - 8 % Osiedle Górczewska I, Warszawa – 8% Osada Wiślana, Warszawa – 7% Willa Konstancin, Konstancin - 6 % Osiedle Centrum, Łódź - 4 % Presentation – PERFORMANCE Q3 2009

10 10 IMPLEMENTED PROJECTS IN Q In Q3 2009, near 3000 units were being constructed of a total surface of more than 138,000 sq.m. (commercial and residential space) PROJECT CITY / DISTRICT MARKET SEGMENT NO. OF APARTMENTS / HOUSES ESTIMATED USABLE APARTMENT FLOOR SPACE, SQ. M Pyry II Ludwinowska AwenueWarsaw / UrsynówApartments Osiedle Lewandów I Lewandów StreetWarsaw / Białołęka Standard apartments Osiedle Lewandów II Lewandów Street Warsaw / Białołęka Standard apartments Osiedle Bursztynowe Korkowa StreetWarsaw / Wawer Standard apartments Wiślana Aleja Odkryta StreetWarsaw / Białołęka Standard apartments Lazurowe Ustronie I stageOżarów Mazowiecki Standard apartments Osiedle Victoria Park, RussiaKołomna / Russia Standard apartments Presentation – PERFORMANCE Q3 2009

11 11 ENDED INVESTMENTS IN THE PERIOD I - IX 2009 During 9 months of 2009 the construction of over 2,200 premises was completed under the following investment projects: PROJECT CITY / DISTRICT MARKET SEGMENT NO. OF APARTMENTS / HOUSES ENDED Osiedle Lazurowa Lazurowa StreetWarsaw / BemowoStandard apartments669I half 2009 Górczewska Park Górczewska StreetWarsaw / WolaLuxury Apartments890I half 2009 Rezydencja Quatro Łukowska StreetWarsaw / Praga PołudnieLuxury Apartments243I half 2009 Osada Wiślana Marcina z Wrocimowic Street I, II stage Warsaw / BiałołękaStandard apartments276I half 2009 Osada Wiślana Marcina z Wrocimowic Street III stage Warsaw / BiałołękaStandard apartments128Q Ludwinowska Awenue IIWarsaw / MokotówApartments24Q Presentation – PERFORMANCE Q3 2009

12 STRATEGY OF J.W. CONSTRUCTION HOLDING S.A.. Expanding non-developer operations of affiliated companies – general construction, designing, construction prefab manufacturing Enhancing the product range by office and commercial space Continuing started housing projects – none of the projects in progress has been stopped Providing a differentiated commercial offer – including apartments ready to take Intensified works connected with preparing new investment projects for launch in the first months of 2010 (project documentation and building permits). 12 Presentation – PERFORMANCE Q Regardless of circumstances, the Company diversifies the Groups risks by:

13 13 STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP Development of Affiliated Companies – Strength and Capabilities J.W. Construction S.A. – focus: construction and assembly work Strengths: It may implement projects for unaffiliated clients (general construction, electrical engineering, water & sewage, and road construction work) Experienced engineering and technical staff, own resources for project implementation Substantial construction and transportation equipment resources Presentation – PERFORMANCE Q3 2009

14 JW Projekt Sp. z o.o. - działalność z zakresu architektury i projektowania. It may implement projects for unaffiliated clients Experienced engineering and technical staff, own resources for project implementation Designing works referring to new housing and office projects (for instance, in Warsaw at ul. Antoniewska, Światowida, Zdziarska, Badylarska, Pileckiego, Lewandów, Berensona as well as in Ożarów Mazowiecki, Łódź, Katowice and Szczecin). 14 STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP Development of Affiliated Companies – Strength and Capabilities Presentation – PERFORMANCE Q3 2009

15 15 PROJECT CITY / DISTRICT MARKET SEGMENT NO. OF APARTMENTS / HOUSES ESTIMATED USABLE APARTMENT FLOOR SPACE, SQ. M Ożarów Mazowiecki – houses I stage Ożarów MazowieckiHouses72 houses- Mokotów Antoniewska StreetWarsaw / MokotówStandard apartments ŚwiatowidaWarsaw / BiałołękaStandard apartments Łódź II - I stageŁódź / TymienieckiegoStandard apartments Katowice IIKatowiceStandard apartments Zielona Dolina I, II Zdziarska Street Warsaw / BiałołękaStandard apartments Lewandów Park III, Lewandów Street Warsaw / BiałołękaStandard apartments BerensonaWarsaw / BiałołękaStandard apartments Badylarska – OfficesWarsawServices Szczecin, Wyzwolenia AwenueSzczecin Services Pileckiego – Offices/HotelWarsawServices/ Hotel services STRATEGY- PROJECTS IN THE PIPELINE Regardless of market circumstances, works related to preparation of further projects are carried out based on the existing land bank, including: Drawing up documents, e.g. design documentation Applying for building permits. The above actions will allow smooth construction commencement in the future. Presentation – PERFORMANCE Q3 2009

16 JWCH Produkcja Budowlana Sp. z o.o. – focus: construction prefab manufacturing – own plant with an advanced production line Shorter deadlines Prefabs may be offered to unaffiliated clients Target – reduced expenditures Application of the prefabricated elements technology under the implemented investment projects: - Lewandów Park, Warsaw – application of ceramic walls (within shell walls) - Lazurowe Ustronie, Ożarów Mazowiecki – complex application of prefabricated elements in the construction of multi-family and one-family houses (8 show houses finished until the end of 2009). 16 STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP Development of Affiliated Companies – Strength and Capabilities Presentation – PERFORMANCE Q3 2009

17 17 Office Building – Jerozolimskie Point Warszawa Badylarska / Al. Jerozolimskie Streets It is a modern 5-storey B+ class office building (with option to upgrade to A class standard), designed to the highest standards and care for work comfort. Useable space: 4,157 sq. m. Launch of the construction as soon as in November STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP Office and Commercial Space The Company is prepared to start a commercialization project for office buildings, hence project implementation may commence soon. Presentation – PERFORMANCE Q3 2009

18 Office Building - Nowa Dana Szczecin, Wyzwolenia Avenue / Odzieżowa Street It is a technologically advanced 22-storey A class office building. - services space: sq. m. Hotel and office building Warsaw, PileckiegoStreet Construction design in progress. Planned space: 16,838 sq. m. 18 STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP Office and Commercial Space Presentation – PERFORMANCE Q3 2009

19 19 STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP At present, J.W. Construction Holding Group has 5 two- and three-star hotels in: Zegrze, Stryków, Cieszyn, Tarnów Podgórny and Święta Lipka. Hotels focus on institutional clients (conferences, training sessions, seminars), but do not ignore individuals. Hotel Operations Presentation – PERFORMANCE Q3 2009

20 20 In 2005, the Company purchased the Czarny Potok Resort in Krynica. Now, it is being expanded and upgraded to the Resort & SPA standard. The goal is to convert it into a four-star hotel with appropriate catering and conference facilities plus a five-star SPA/wellness centre. The building houses a lobby with reception desk, a restaurant for 400 guests and a multi-purpose conference room. Hotel Operations STRATEGY - DIVERSIFYING OPERATIONAL RISK OF THE GROUP Presentation – PERFORMANCE Q3 2009

21 The Company has about 360 available apartments, ready to move in, in already completed projects 21 Osiedle Uroczysko, Katowice Osiedle Leśne Gdynia Willa Konstancin, Konstancin Górczewska Park, Warsaw Osiedle Lazurowa, Warsaw Ludwinowska Aleja, Warsaw Osiedle Centrum, Łódź Rezydencja Quatro, Warsaw Osada Wiślana, Warsaw STRATEGY- APARTMENTS READY TO MOVE IN Presentation – PERFORMANCE Q3 2009

22 Revival on the mortgage loan market during the last weeks, with the perspective for the following months. There is an active group of customers in the real estate market who were born during the 1980s baby boom and whose housing needs still have not been met Projected decreasing supply of finished apartments starting from 2010 – developer companies have withheld constructions and not launched new projects, which results in a renewed interest in the purchase of apartments at a slight increase in prices Stable pricing situation in the construction materials market In the longer term, demand will be boosted again from 2010 onwards due to the Euro 2012 effect and Polands probable entry into the euro area 22 INDUSTRY DEVELOPMENT PROSPECTS IN THE COMPANYS VIEW Presentation – PERFORMANCE Q3 2009

23 Offer of financing programmes for Customers Packages offering special conditions, dedicated to employees of institutions co-operating with J.W. Construction Excellent housing offer, including instant-delivery opportunity buys Offer of apartments meeting the requirements of the government programme Rodzina na swoim (Family on its own) Interior finishing programmes for Customers The best lending offer on the mortgage loans market, exclusively for clients of the Company Competition of bids submitted by Clients Continuous marketing activities Flexible approaches to clients – negotiable prices depending on payment amounts and schedules 23 THE COMPANYS SALES POLICY IN 2009 Presentation – PERFORMANCE Q3 2009

24 INVESTOR RELATIONS OFFICE: Małgorzata Szwarc-Sroka Head of Financial Liquidity Management and Head of the Investor Relations Office Phone: / or


Download ppt "PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q3 2009 PRESENTATION J.W.CONSTRUCTION HOLDING S.A. PERFORMANCE IN Q3 2009."

Similar presentations


Ads by Google