WE BUILD BEYOND EXPECTATIONS SUMMARY OF RESULTS FOR I QUARTER OF 2018
OUR ACHIEVEMENTS IN Q1 2018: Financial results Consolidated net profit attribute to equity holders of the parent: PLN 57 million juxtaposed to PLN 37,9 million for the previous year (increase by 44% year over year) Consolidated net profit: PLN 58,8 million (increase by 43% year over year) Consolidated sale revenues: PLN 301 million juxtaposed to PLN 198,8 milion in the previous year (increase by 51% year over year) 2
OUR ACHIEVEMENTS IN Q1 2018: Sale results, new and finalized investments Sale in Q1 2018: 714 flats increase by 6% year over year Increase of transfers in Q1 2018: 830 units 66% increase year over year Land expenses in Q1 2018: PLN 38 million on a net basis Introduction to sale of 5 investments (957 units) Finalization of 4 investments (820 units) 3
TRANSFERS IN Q1 2018 of transferred flats as divided between cities Transfers in Q1 2018 City Total saleable area (TSA) Apartments/ Service premises Katowice; 33 Wrocław; 126 Cracow 16 895 293 Warsaw 14 214 262 Cracow; 293 Wrocław 6 882 126 Warsaw; 262 stan na 31.03.2016 r. Katowice 2 506 33 Łódź 6 845 116 Łódź; 116 JOINTLY 47 343 830* * 155 units from investments finalized before Q4 2017 4
TRANSFERS of transferred flats in years 2013 2018 2500 2308 2000 1655 1500 1404 1000 500 0 592 TSAs 41.9 thou. of square metres TSAs 90.9 thou. square metres 628 TSAs 37.1 thou. square metres TSAs 81.8 thou. square metres TSAs 135 thou. square metres 2013 2014 2015 2016 2017 Q1 2017 Q1 2018 501 TSAs 30 thou. square metres +66% 830 TSAs 47,3 thou. square metres
INVESTMENTS IN REALIZATION AND PLANS Summary Projects of projects of flats/ houses TSA (m 2 ) In realization 37 5 428 324 353 Planned 43 9 837 541 044 Poznań Tri-City Projects of projects of flats TSA (m 2 ) Projects of projects of flats TSA(m 2 ) In realization 2 221 12 885 Planned 6 1 540 84 689 In realization 4 577 35 394 Planned 4 967 53 184 Projects Wrocław of projects of flats/ houses TSA(m 2 ) In realization 5 940 49 455 Planned 7 994 54 666 Projects Warsaw of projects of flats TSA (m 2 ) In realization 10 1 330 73 324 Planned 6 1 085 59 696 Katowice Cracow Łódź Projects of projects of flats TSA (m 2 ) Projects of projects of flats/ houses TSA (m 2 ) Projects of projects of flats TSA (m 2 ) In realization 2 139 27 788 Planned 5 1 763 96 959 In realization 10 1 394 80 782 Planned 11 2 894 159 143 In realization 4 827 44 726 Planned 4 595 32 707 current as at 31.03.2018 6
POTENTIAL OF TRANSFERS IN 2018 PROJECTS IN REALIZATION Name of the investment City TSA (apartm.+ serv. pr.)) of flats of flats sold** Date of handing over ATAL Towers II - bud.1 Wrocław 8 954 93/304 302 Q1 2018 ATAL Towers II - bud.2 Wrocław 7 510 Q1 2018 Bagry Park V Cracow 2 855 61/62 62 Q1 2018 ATAL Marina Apartamenty III Warsaw 14 710 247/268 253 Q1 2018 Pomorska Park I Łódź 9 521 76/186 181 Q1 2018 Nowy Targówek I Warsaw 6 724 120 106 Q2 2018 Nowy Targówek II Warsaw 7 137 130 114 Q2 2018 ATAL Marina Apartamenty IV Warsaw 8 612 138 113 Q2 2018 ATAL Residence Zabłocie I Cracow 13 812 227 198 Q2 2018 ATAL Malta Poznań 7 388 131 124 Q2 2018 Apartamenty Przybyszewskiego 64 I Cracow 4 977 93 91 Q2 2018 Nowa Grobla Apartamenty Gdańsk 9 687 178 121 Q3 2018 ATAL Residence Zabłocie II Cracow 5 911 82 75 Q3 2018 Nowe Miasto Różanka I A Wrocław 9 181 152 142 Q4 2018 Nowy Targówek III Warsaw 10 026 174 131 Q4 2018 ATAL Nowe Żerniki II Wrocław 12 021 232 218 Q4 2018 Zbożowa 2A Apartamenty Cracow 3 130 56 53 Q4 2018 Wielicka Garden II Cracow 9 872 177 171 Q4 2018 JOINTLY 152 028 2 710 2455* * Sale level 90% ** of signed development contracts as at 24.05.2018 7
POTENTIAL OF TRANSFERS IN 2019 PROJECTS IN REALIZATION Name of the investment City TSA (apartm.+s erv. pr.)) of flats of flats sold** Date of handing over Francuska Park V Katowice 8 076 139 117 I kw. 2019 Pomorska Park II (faza I) Łódź 12 347 219 100 I kw. 2019 Nowy Targówek IV Warsaw 5 603 102 66 I kw. 2019 Atal Residence Zabłocie IV (Miraculum) Cracow 2 500 27 0 II kw. 2019 Pomorska Park II (faza II) Łódź 5 163 94 10 II kw. 2019 Nowy Targówek Lokale Inwestycyjne Warsaw 5 405 167 18 II kw. 2019 ATAL Baltica Towers (Aparthotel) III kw. 2019 16 717 250 133 ATAL Baltica Towers (Mieszkania) Gdańsk III kw. 2019 Osiedle Warszawa II Warsaw 5 864 90 22 III kw. 2019 Osiedle Warszawa I Warsaw 7 457 120 20 III kw. 2019 Aleja Pokoju 83 I Cracow 12 002 212 148 IV kw. 2019 ATAL Kliny Zacisze I Cracow 4 446 92 11 IV kw. 2019 ATAL liny Zacisze II Cracow 10 915 205 0 IV kw. 2019 Apartamenty Drewnowska 43 I Łódź 15 302 291 148 IV kw. 2019 Nowe Miasto Różanka 1b Wrocław 2 168 40 21 IV kw. 2019 Nowe Miasto Różanka II Wrocław 15 114 250 65 IV kw. 2019 Apartamenty Milczańska I Poznań 5 497 90 2 IV kw. 2019 Osiedle Warszawa III Warsaw 7 179 130 0 IV kw. 2019 JOINTLY 141 755 2 518 881 ** of signed development contracts as at 24.05.2018 8
POTENTIAL OF PLANNED PROJECTS POTENTIAL OF TRANSFERS 2019+ (projects launched and being prepared to be launched in years 2019+) City of projects / stages Planned TSA of flats (projection) Tri - City 5 62 174 1 159 Wrocław 8 65 637 1 223 Warsaw 7 69 012 1 329 Katowice 6 116 670 1 996 Łódź 5 44 622 778 Cracow 12 172 360 3 349 Poznań 6 84 689 1 378 JOINTLY 49 615 164 11 212 9
NEW LANDS Means destined for purchase of land in years 2012 2017 (in PLN million) 232,3 159 161,7 42,1 53,3 93,1 38 2012 2013 2014 2015 2016 2017 Q1 2018 Cracow: Land in the area of Wybickiego street Tri-City: Land in Gdańsk, in the area of Letnicka Poznań: Land in the area of Chwaliszewo street Land in the area of Ptasia street Land acquired in the Group in Q1 2018 Land purchased in I quarters of 2018 allows for realization of projects for the total usable area of approximately 33,7 thou. square metres Average price of purchase of usable area was PLN 1127/ square meter. * szacunki na 2018 rok 10
SALE OF FLATS of flats sold as divided for quarters 315 491 399 485 506 673 574 682 671 682 679 755 714 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 3000 2500 Annual number of flats sold 2435 2787 2000 1689 1500 1000 1093 917 500 0 2014 2015 2016 2017 I - IV 2018 11
SALE OF FLATS 750 700 650 of flats sold: Q1 2016 vs. Q1 2017 + sale divided between cities (Q1 2017) 676 +6% 714 Poznań; 8 Wrocław; 211 Katowice; 53 Trójmiasto; 28 Cracow; 123 600 550 Łódź; 152 500 Q1 2017 Q1 2018 Warsaw; 139 Sold results of others companies 914 848 714 649 426 348 304 298 270 265 257 ROBYG DOM DEVELOPMENT ATAL LC CORP JW. CON. ECHO INVESTMENT LOKUM DEWELOPER POLNORD BUDIMEX VANTAGE DEVELOPMENT ARCHICOM 12
FINANCIAL RESULTS Profit and loss account PLN thou. 31.03.2018 31.03.2017 Revenues from sale of products, goods and materials 300 970 198 752 Costs of products, goods and materials sold 219 971 141 779 Gross result of sale 80 999 56 973 Costs of sale 3 767 3 342 Costs of general management 3 729 3 080 Remaining operational revenues 1 137 600 Remaining operational costs 606 258 Result of the operational activity 74 034 50 893 Financial revenues 890 1 089 Financial costs 1 817 2 473 Gross result 73 107 49 509 Income tax 14 319 8 509 Net result 58 788 41 000 Profit per a share 1,47 1,03 Costs of general management/revenues Costs of sale/revenues 1,54% 1,24% 1,68% 1,63% Q1 2017 Q1 2018 Q1 2017 Q1 2018 13
FINANCIAL RESULTS Balance sheet PLN thou. 31.03.2018 31.12.2017 Assets in total 1 847 851 1 789 736 Permanent assets 153 206 154 345 Current assets 1 694 645 1 635 391 Liabilities and capital in total 1 847 851 1 789 736 Equity 846 782 788 268 Liabilities in total 1 001 068 1 001 468 Long term liabilities 325 310 311 213 Short term liabilities 675 758 690 255 Indebtedness 31.03.2018 31.12.2017 Net indebtedness index of the Group* 0,09 0,12 * According to Conditions for Bonds Issuance, it is deemed to be a relation of the total value of net Debt and Equity. Financial indebtedness means consolidatiod indebtedness of the Group of the Issuer, excluding loans granted to the Issuer by the main stockholder bonds of the Issuer acquired by the main stockholder, as well as bonds of the Issuer acquired by the companies: ZJ Invest Sp. z o.o. and Juroszek Investments Sp. z o.o. over which the ownership control is performed by the main stockholder. 14
FINANCIAL RESULTS Gross margin on sale Net margin 27,70% 27,00% 28,60% 28,67% 26,91% 20,90% 18,40% 20,80% 20,62% 19,53% 2015 2016 2017 Q1 2017 Q1 2018 2015 2016 2017 Q1 2017 Q1 2018 Cost of sale of products, goods and materials as % of revenues Financial costs as % of revenues 73,00% 73,09% 3,10% 72,30% 2,02% 71,40% 71,33% 1,26% 1,24% 1,16% 2015 2016 2017 Q1 2017 Q1 2018 2015 2016 2017 Q1 2017 Q1 2018 15
FINANCIAL RESULTS COMPARED TO COMPETITORS Revenues from sale, net profit in Q1 2018 (in PLN million) and transfers 350 300 250 200 203,5 301 830 900 800 700 150 100 50 17,5 416 57 600 500 0 DOM DEVELOPMENT ATAL 400 zysk netto przychody wydania 16
OFFER of flats offered in years 2013-2018 3000 2500 2000 1500 2907* 1000 1578 2240 1940 2407 2411 500 0 2013 2014 2015 2016 2017 Q1 2018 * including 667 in finalized investments 17
SALE RESULTS Sale in Q1 2018: 714 flats (more by 6% year over year) Record-breaking, in the history of ATAL, mounth sale in March 2018 288 flats At present 37 investments (5 428 units) are in realization state as at the end of March 2018 At present in the offer: 2907 flats - state as at the end of March 2018 Sale launching: 8 new projects (1416 units) in 2018 18
DIVIDEND POLICY The dividend policy within the scope of profit payout for 2017 Payment of dividend from 80% of the net profit of the Group from 2017 in the amount of PLN 3,54 per a share jointly about PLN 137 milion (dividend yield: 8,3%) The dividend policy 2018+ Payment of the dividend at the level of from 70% to 100% of the net profit of the Group as of the year 2018 19