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Dom Development 2Q 2007 Financial Results Presentation to Investors and Analysts

On August 10, 2007, Dom Development presented its financial results for Q2 2007, highlighting key achievements and market evaluations. The results showed a 10.6% increase in property prices over six months, with record net profits of PLN 54.7 million, a 28.1% increase from the previous year. The company reported a significant sales surge of 38% compared to Q2 2006. With over 9,200 flats and houses completed and over 3,200 under construction, Dom Development continues to expand its operations and enhance efficiency in the Warsaw real estate market.

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Dom Development 2Q 2007 Financial Results Presentation to Investors and Analysts

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  1. Dom Development SA Presentation of 2nd Quarter 2007 Results (Meeting with investors and analysts – 10 August 2007) http://inwestor.domdevelopment.pl/information-for-investors/presentations

  2. Evaluation of the Warsaw real estate market FACTOR: EVALUATION: • Demand for flats and houses • Households’ financial condition • Availability of mortgage facilities • Macroeconomic conditions • Demographic environment Neutral Positive Neutral Positive Positive

  3. Price increase dynamics in the6 months of 2007 Increase by 10.6 % Source: redNet Property Consulting • In the 6 months the prices increased by 10.6%, with about 8% in the 1st Q and about 2.6% in the 2nd Q

  4. Basic financial results for the 6 months of 2006 and 2007 (mPLN) Quarterly financial results 6 month financial results • 2Q 2007/2Q 2006 revenues increased by 0.7 % net profit increase by 28.1 % Record levels of net profit at PLN 54.7 mn • 1H 2007/1H 2006 revenues increased by 15.2 % net profit increase by 59.1 %,

  5. Quarterly financial results1Q 2006 – 2Q 2007 (mPLN) Quarterly revenues: Quarterly profits: • Record level of revenues and profits in the 2Q 2007 indicates the ever growing scale of operations of the company and increased efficiency

  6. Quarterly margins (%) 1Q 2006 – 2Q 2007 Quarterly margins: • The clear increase of the net profit and the gross sales profit margins is a consequence of price increase, greater effectiveness of projects and a relatively high share of high standard projects in 2006

  7. Balance sheet data 1Q 2006 – 2Q 2007 (mPLN)

  8. Flat sales and completion • Dynamic increase in flat sales in the 2Q 2007 by about 38% as compared to 2Q 2006. Quarterly sales 6 month sales Quarterly completions delivered to clients 6 month completions delivered to clients

  9. Projects – high increase of land bank • The Company completed projects consisting of over 9,200 flats and houses. • At present the Company is in the process of constructing over 3,200 flats and apartments having the value of about PLN 1.5 billion • Dom Development also has further 7,328 flats and houses under preparation. The value of these projects amounts to about PLN 3.4 billion.

  10. Controlled land / projects in course of preparation(as at 9 August 2007)

  11. Dom Development on the WSE Price on 8 Aug 2007 PLN 158.0 Debut quotation price of PLN 121.5 Debut date: 24 October 2006 End price on debut date: PLN 121.50 Capitalisation at debut price: PLN 2.6 billion Capitalisation on 8 August 2007: PLN 3.9 billion Capitalisation increase since the 1st quotation: + 50 %

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