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Presentation of the results Q3 2011

Explore J.W. Construction Holding's Q3 2011 results, key events, internal and external factors, sales data, investment insights, and development strategies.

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Presentation of the results Q3 2011

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  1. Presentation of the results Q3 2011 10 November 2011

  2. Contents 2 3 4 5 6 7 8 9-10 11-12 13 14 15 16-17 18 19 20 21 22 23 24-26 Contents The most significant events in Q3 2011 The Company's results - Q3 2011 External factors influencing the company's activity, which could have impact on the demand. Internal factors influencing the company's activity. The results of J.W. Construction Holding S.A. Sales of apartments in units Results for Q3 2011 Results for Q3 2011 Realization of the gross profit from sales after Q3 2011 Premises from an offer for recognition as a result of subsequent quarters Implemented investments of J.W Construction Holding S.A. Housing investments implemented in Q3 2011 Housing investments implemented in Q3 2011 The development strategy of J.W Construction Holding S.A. Geographic diversification Housing projects - planned to start Strong entry in the segment of commercial properties - investments planned to start The building Company of J.W. Construction S.A. Sales policy 10 November 2011

  3. The finalization of the purchase transaction of another land in Łódź at Tymienieckiego Street Obtaining a final building permission for a residential investment Lewandów I build. 3-6 in Warsaw The commencement of two new residential investments: Światowida, Lewandów I build. 3-6 Obtaining a building permission for next single-family houses in Ożarów Mazowiecki The merger of J.W. Construction Holding S.A. with four subsidiaries Obtaining credit in BOŚ Bank for a partly financing of the implementation of two stages of Zielona Dolina investment Signing two significant agreements on the implementation of building works in the area of "Zielona Dolina I" Estate in the area of Zdziarska and Ostródzka Street in Warsaw. The continuation of implementation of an external project Oxygen at Wronia Street The most significant events in Q3 2011 10 November 2011 3

  4. The Company's results in - Q3 2011 PLN 87 mil The value of credits granted for investment projects 231 sold flats 18 residential investments in the pipeline 9 ongoing investments, including two commercial projects (Jerozolimskie Point - Warsaw; Hanza Tower - Szczecin) and a hotel project (Czarny Potok - Krynica Zdrój) 171 units handed over to customers 10 November 2011

  5. External factors influencing the company's activity, which could have impact on the demand. From January 2012, subsequent provisions of Recommendation S issued by PFSA to the banks. Implemented provisions, in practice, mean lower creditworthiness for many clients and limitation of the possibility of taking a loan in a foreign currency. Recommendation S The government program "Rodzina na Swoim" Termination of the program in December 2012 Great demand for flats In three quarters of 2011, a comparable number of flats to the number from the entire 2010 was launched. 10 November 2011

  6. Internal factors influencing the company's activity. Access to sources of Obtaining new investment credits Stable finances A financial surplus from ready projects Owned land bank A large number of projects in the pipeline The presence in various Polish cities Increased sales for projects beyond the city of Warsaw ( larger scale of activity) Available offer Popular flats in affordable prices Maintaining a margin Conscious maintaining of attractive margins at the expense of sales volume Diversified revenue Future revenues on commercial part 10 November 2011

  7. The results of J.W. Construction Holding S.A. • Sale of apartments • Revenue, margin, profit • Premises recognized in a result 10 November 2011

  8. Sales of apartments in units • J.W. Construction Holding S.A sold 231 units in Q3 2011. • In Q3, the Company launched sales of a new investments – Lewandów I build. 3-6 • Other investments planned to be launched sales are in the pipeline 10 November 2011

  9. Results for Q3 2011 Revenues from sales [PLN mil] Gross margin on sales [%] -4,66 p.p. -66.94% • Decrease in revenues from sales in Q 3 2011 by 66,94%, y/y. • Decrease in margin in Q3 by 4.66 p.p y/y 10 November 2011 9

  10. Results for Q3 2011 Profit from operating activities [PLN mil] Net profit [PLN mil] • Decrease in profit from operating activities in Q3 2011 by 81.61% y/y • Increase in net profit in Q3 2011 by 85.22% y/y -85.22% -81.26% 10 November 2011 10

  11. Results for Q3 2011 Revenues from sales [PLN mil] Gross margin on sales [%] -0,71 p.p. -36.56% • Decrease in revenues from sales in Q 3 2011 by 36,56%, y/y. • Maintaining margin for Q3 2011 on a good level. A slight decrease by 0.71 p.p y/y. 10 November 2011 11

  12. Results for Q3 2011 Profit from operating activities [PLN mil] Net profit [PLN mil] • Decrease in profit from operating activities in Q3 2011 by 44.38% y/y • Decrease in net profit for Q3 2011 by 55.79% y/y -55.79% -44.38% 10 November 2011 12

  13. Gross profit taking from sales for 3 quarters 2011 The level of gross profit earned from sales for Q3 2011 is PLN 84.4 mil. The main percentage was in the following investments: Premises recognized cumulatively in Q3 2011 with a comparison y/y: 10 November 2011

  14. Premises from an offer for recognition as a result of subsequent quarters* * in units 10 November 2011

  15. Implemented investments of J.W Construction Holding S.A. • Housing investments • Commercial investments 10 November 2011

  16. Investments implemented in Q3 2011residential spaces In H3/2011, the Company implemented the construction of 1,619 premises and 12 houses with the UFS of 79 003 m2 Number of units UFS 10 November 2011

  17. Currently implemented housing investments in Warsaw and its surroundings Osiedle Światowida Osiedle Zielona Dolina I Osiedla Willa Park i Słoneczny Park Osiedle Lewandów I (build. 3-6 10 November 2011 17

  18. Investments implemented in the third quarter of 2011 residential spaces Implemented hotel-commercial projects with an area of 58 657 sq m. Usable Space Hotel 4 * SPA & Wellness Resort 5 * Hanza Tower Class A office building 10 November 2011 18

  19. Geographic diversification • Investment plans • External contracts The development strategy of J.W. Construction Holding S.A. 10 November 2011

  20. Geographic diversification of residential and commercial investments Designations: commercial investments housing investments housing investments- new directions 10 November 2011 20

  21. Housing projects - planned to start • In the nearest 2 years, the Company is planning to introduce to its offer • about 6 566 units from the owned land bank; • The gradual expansion beyond Warsaw: 27% of units from new investments • is to be built in other locations; * Lewandów houses UFS: 2 510m2 Wrocław: Powstańców Śląskich Street UFS: 2230 m2 Gdynia, Powstania Wielkopolskiego UFS: 3,258 m2 Warsaw Odkryta II UFS 4 158m2 Warsaw: Aluzyjna II UFS: 6,985 m2 Warsaw: Antoniewska UFS 14,515 m2 Warsaw: Berensona UFS 11,875 m2 Katowice, Tysiaclecia Street UFS: 27,657 m2 Warsaw: Kasprzaka Street UFS: 148 974m2 Katowice, Bałtycka Street UFS: 14,688 m2 Ożarów - houses UFS: 1 708m2 Warsaw Aluzyjna I UFS: 2 011m2 Gdynia, Sochaczewska Street UFS: 3 400m2 Warsaw Zdziarska I UFS: 2,256 m2 Łódź Tymieckiego III UFS: 5,038 m2 Poznan Jaroczyńskiego Street. UFS: 9,423 m2 Gdynia, Spokojna Streer.UFS 33,920 m2 Warsaw: Zielona Dolina II UFS, 41,979 m2 * the Company intends to build ultimately 209 houses 10 November 2011 21

  22. Strong entry in the segment of commercial properties - investments planned to start • Wrocaław Project • Location: Wrocław - Centrum • UFS number 24,039 m2 • Date of completion: Q4 2012 • Date of completion: Q4 2014 • Miasteczko Kasprzaka Project • Location: Wola, Warsaw • UFS number 72,055 m2 • Date of completion: Q3 2012 • Date of completion: Q3 2016 • Pileckiego Pileckiego • Location: Ursynów, Warsaw • UFS number 7,697 m2 • Date of completion: Q4 2012 • Date of completion: Q4 2014 10 November 2011

  23. The building Company of J.W. Construction S.A.contract on the implementation of a housing investment of Oxygen Prestigious investment in the center of Warsaw at 45 Wronia Street A complex of 287 flats with an underground garage A varied housing area from 40m2 to 160m2 The project was designed by a world-renowned architect Rafael de la - Hoz Castanys. The building will be finished with high-quality materials 10 November 2011 23

  24. Sales policy 10 November 2011 24

  25. Sales policy of the Company in 2011 An attractive housing offer , including turnkey apartments available in Silver, Gold and Platinum programs and with full equipment Turnkey finish programs for the Customers - Silver, Gold and Platinum Implementation of the program, "Move-in - then buy" for the investment of Lewandów Park Professional and free of charge credit counseling Long-term cooperation with banks– the best offer of credits on the market of mortgages only for the Company’s customers. Offer of various financing programmes for Customers Attractive offer of flats that meet the requirements of the government program "Rodzina na swoim" Individual approach to the customer – the possibility of negotiating the prices depending on the payment amount and schedule 10 November 2011 25

  26. Sales policy of the Company in 2011 Packages offering special conditions, dedicated to employees of institutions co-operating with J.W. Construction Holding S.A. Conducting strategic marketing activities in all areas of communication with Clients Contest of tenders made by Customers Special offer for customers on the occasion of the Company's participation in the fair trade and during the organization of open days of house estates Constant monitoring of the real estate market 10 November 2011 26

  27. Investor Relations: Małgorzata Szwarc-Sroka Economy Division and Investor Relations Office Head Director of Economic and Director of Investor Relations J.W Construction Holding S.A. Member of the Management Board of J.W Construction S.A. phone: 22 771 77 85 e-mail.: relacje.inwestorskie @ jwconstruction.com.pl 10 November 2011

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