WE BUILD BEYOND EXPECTATIONS

Transcription

1 WE BUILD BEYOND EXPECTATIONS SUMMARY OF RESULTS FOR I - IV QUARTERS OF 2017

2 INTRODUCTION Financial results (PLN million) 865, Revenues Net profit Dividend ,8 171, ,3 226,8 89, , Sale of flats

3 OUR ACHIEVEMENTS IN 2017: Financial results Consolidated net profit attribute to equity holders of the parent: PLN 171,2 million juxtaposed to PLN 89,4 million for the previous year (increase by 91,4% year over year) Consolidated net profit: PLN 179,7 million (increase by 93% year over year) Consolidated sale revenues: PLN 856,8 million juxtaposed to PLN 506,8 milion in the previous year (increase by 70,8% year over year) Very high indexes of profitability of the Group, including: gross margin on sales: 28,6%, net margin: 20,8%, 3

4 OUR ACHIEVEMENTS IN 2017: Sale results, new and finalized investments Great sale in 2017: 2787 flats increase by 15% year over year Increase of transfers in I IV quarters 2017: 2308 flats 64% increase year over year Land expenses in I IV quarters 2017: PLN 232,3 million on a net basis Introduction to sale of 17 investments (2654 units) Finalization of 18 investments (2470 units) 4

5 TRANSFERS IN 2017 of transferred flats as divided between cities Transfers in 2017 City Total saleable area (TSA) Apartments/ Service premises Wrocław; 447 Katowice; 305 Cracow Warsaw Wrocław stan na r. Katowice Warsaw; 589 Cracow; 744 Łódź Łódź; 223 JOINTLY

6 TRANSFERS of transferred flats in years % TSAs 30.7 thou. square metres 592 TSAs 41.9 thou. of square metres TSAs 90.9 thou. square metres TSAs 37.1 thou. square metres TSAs 81.8 thou. square metres TSAs 135 thou. square metres

7 INVESTMENTS IN REALIZATION AND PLANS Summary Projects l of projects of flats/ houses TSA (m 2 ) In realization Planned Poznań Tri-City Projects of projects of flats TSA (m 2 ) Projects of projects of flats TSA(m 2 ) In realization Planned In realization Planned Projects Wrocław of projects of flats/ houses TSA(m 2 ) In realization Planned Projects Warsaw of projects of flats TSA (m 2 ) In realization Planned 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 Planned In realization Planned In realization Planned current as at

8 TRANSFERS IN PROJECTS FINISHED IN 2017 Name of the investment City TSA (apartm.+s erv. pr.)) of flats of flats sold** Date of transfer ATAL Towers I Wrocław Q Oaza Wilanów II Warsaw Q Francuska Park III Katowice Q Chojny Park II Łódź Q Bronowice Residence V Cracow Q Bagry Park II Cracow Q Lazurowy Park Bronowice I Cracow Q Lazurowy Park Bronowice II Cracow Q ATAL Marina Apartamenty II Warsaw Q Francuska Park IV Katowice Q Oaza Wilanów III Warsaw Q ATAL Nowe Żerniki I Wrocław Q Dmowskiego 19 II Wrocław Q Bagry Park IV Cracow Q Bajeczna Apartamenty I Cracow Q Wielicka Garden I Cracow Q Chojny Park Domy Łódź Q Bagry Park III Cracow Q JOINTLY Investments highlighted grey are already finished of flats not transferred as at from investments finalized up to IV quarter 2017: 583, including: of flats not transferred as at from investments finalized before : 95 ATAL S.A. We build beyond expections ** of signed development contracts as at

9 POTENTIAL OF TRANSFERS IN 2018 PROJECTS IN REALIZATION Name of the investment City TSA (apartm.+ serv. pr.)) of flats of flats sold** Date of transfer ATAL Towers II - bud.1 Wrocław Q ATAL Towers II - bud.2 Wrocław Q Bagry Park V Cracow Q ATAL Marina Apartamenty III Warsaw Q Pomorska Park I Łódź Q Nowy Targówek I Warsaw Q Nowy Targówek II Warsaw Q ATAL Marina Apartamenty IV Warsaw Q ATAL Residence Zabłocie I Cracow Q ATAL Malta Poznań Q Apartamenty Przybyszewskiego 64 I Cracow Q Nowa Grobla Apartamenty Gdańsk Q ATAL Residence Zabłocie II Cracow Q Nowe Miasto Różanka I A Wrocław Q Nowy Targówek III Warsaw Q ATAL Nowe Żerniki II Wrocław Q Zbożowa 2A Apartamenty Cracow Q Wielicka Garden II Cracow Q JOINTLY * * Sale level 86% ** of signed development contracts as at

10 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 transfer ATAL Francuska Park V Katowice Q Pomorska Park II (faza I) Łódź Q Nowy Targówek IV ( bud. C) Warsaw Q Atal Residence Zabłocie IV (Miraculum) Cracow Q Pomorska Park II (faza II) Łódź Q Nowy Targówek Lokale Inwestycyjne Warsaw Q ATAL Baltica Towers (Aparthotel) Gdańsk Q ATAL Baltica Towers (Mieszkania) Gdańsk Q Osiedle Warszawa II Warsaw Q Osiedle Warszawa I Warsaw Q Aleja Pokoju 83 I Cracow Q ATAL Kliny Zacisze I Cracow Q Drewnowska Apartamenty I Łódź Q Nowe Miasto Różanka Ib Wrocław Q Nowe Miasto Różanka II Wrocław Q Apartamenty Milczańska I Poznań Q Osiedle Warszawa III Warsaw Q JOINTLY ** of signed development contracts as at

11 POTENTIAL OF PLANNED PROJECTS POTENTIAL OF TRANSFERS (projects launched and being prepared to be launched in years 2019+) City of projects / stages Planned TSA of flats (projection) Trójmiasto Wrocław Warszawa Katowice Łódź Kraków Poznań JOINTLY

12 NEW LANDS Means destined for purchase of land in years (in PLN million) 232,3 ~200 * ,7 93,1 42,1 53, Warsaw: Land in the area of Grochowska street Land in the area of Posagu 7 Panien street Tri-City: Land in Gdańsk, in the area of Letnicka Land in Gdańsk, in the area of Siennicka Poznań: Land in the area of Dmowskiego street Land in the area of Hetmańska street Land in the area of Milczańska street Katowice: Land in the area of Rzepakowa street Land in the area of Olimpijska street Land in the area of Sokolska street Land acquired in the Group in 2017 Cracow: Land in the area of Lipska street Land in the area of Komuny Paryskiej street Land purchased in I-III quarters of 2017 allows for realization of projects for the total usable area of approximately 319,4 thou. square metres Average price of purchase of usable area was PLN 727/ square meter. * szacunki na 2018 rok 12

13 SALE OF FLATS of flats sold as divided for quarters Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q Annual number of flats sold

14 SALE OF FLATS of flats sold as divided for months of

15 SALE OF FLATS of flats sold: 2016 vs sale divided between cities (2017) +14% 2787 Poznań; 62 Katowice; Wrocław; 535 Trójmiasto; 195 Cracow; Warsaw; 579 Łódź; 404 Sold results of others companies DOM DEVELOPMENT ROBYG ATAL LC CORP JW. CON. BUDIMEX ARCHICOM ECHO INVESTMENT POLNORD LOKUM DEWELOPER VENTAGE DEVELOPMENT MARVIPOL 15

16 FINANCIAL RESULTS Profit and loss account PLN thou Revenues from sale of products, goods and materials Costs of products, goods and materials sold Gross result of sale Costs of sale Costs of general management Remaining operational revenues Remaining operational costs Result of the operational activity Financial revenues Financial costs Gross result Income tax Net result Profit per a share 4,42 2,31 Costs of general management/revenues Costs of sale/revenues 2,36% 1,59% 2,41% 1,63%

17 FINANCIAL RESULTS Balance sheet PLN thou Assets in total Permanent assets Current assets Liabilities and capital in total Equity Liabilities in total Long term liabilities Short term liabilities Indebtedness Net indebtedness index of the Group* * 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. 17

18 FINANCIAL RESULTS Gross margin on sale Net margin 32,30% 23,70% 20,90% 18,40% 20,80% 27,70% 27,00% 28,60% Cost of sale of products, goods and materials as % of revenues Financial costs as % of revenues 72,30% 73,00% 71,40% 3,10% 2,02% 67,70% 0,70% 1,26% Q

19 FINANCIAL RESULTS COMPARED TO COMPETITORS Revenues from sale, net profit in 2017 (in PLN million) and transfers , , ,7 171, DOM DEVELOPMENT ATAL ROBYG net profit revenues transfers

20 OFFER of flats offered in years (as at the end of Q and Q3 2017) * III 2018 * including 583 in finalized investments 20

21 SALE RESULTS Sale in 2017: 2787 flats (more by 15% year over year) Record-breaking, in the history of ATAL, quarter sale in Q flats At present 35 investments are in realization state as at the end of 2017 At present in the offer: 2543 flats - state as at the end of March 2018 Sale launching: 17 new projects in

22 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 Payment of the dividend at the level of from 70% to 100% of the net profit of the Group as of the year