ROBYG Group Financial results 2017 Warsaw, March 14th 2018
HIGHTLIGHTS HIGHLIGHTS 2017 * Including amounts kept on individual escrow accounts and in Mutual Funds. 2
Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 3
Summary 2017 4
ROBYG Group- material investments and financial activities 2017* Financing NEW PLOTS- Warsaw NEW PLOTS- Gdańsk Bank loans: Total new facilities: PLN 172.4 million: Nowa Letnica: - investment loan (in the amount of PLN 32.4 million), - construction loan (with the limit of PLN 20 million). Stacja Nowy Ursus: - overdraft loan (with the limit of PLN 20 million). ROBYG Finance: - revolving loan (with the limit of PLN 50 million), - revolving loan (with the limit of PLN 50 million), Share issuance : Raised funds: app. PLN 79M Total investment app. PLN 147.7 million with the potential for construction of app. 3050 units. PLN 48.0 million (plot areaapp. 4.6 ha)- preliminary purchase agreement of the plots in Warsaw on Włochy district with the potential for construction of app. 1000 units. PLN 17.7 million (plot areaapp. 1.3 ha)- preliminary purchase agreement of the plots on Wilanów district in Warsaw with the potential for construction of app. 250 units. PLN 82.0 million (plot areaapp. 6.3 ha)- purchase agreements of the shares in the entity owns the plots on Ursus district in Warsaw with the potential for construction of app. 1800 units. Total investment app. PLN 42.3 million with the potential for construction of app. 1 500 units. PLN 42.3 million (plot areaapp. 4.6 ha)- purchase of the plots on Śródmieście district in Gdańsk with the potential for construction of app. 1 500 units. * In addition the Group has signed: the purchase agreement of the plots with the total area of app. 2.7 ha located in Gdańsk, Wrzeszcz district- the Group hasn t had defined the investment planes for the plots. ** The specification includes also the transactions performed after 31 December 2017 till the date of the presentation (marked in blue). 5
Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 6
ROBYG Group number of presold units Presold units in 2017-3471 units (+17% Y/Y) 17% 56% 22% 10% 27% 9% 7
ROBYG Group Presale structure 2017 Presold units in 2017-3471 units (+17% Y/Y) District City % Ursus Warsaw 13% Wilanów Warsaw 9% Wola Warsaw 8% Mokotów Warsaw 8% Bemowo Warsaw 7% Tarchomin Warsaw 1% Piecki-Migowo Gdańsk 16% Jasień Gdańsk 14% Letnica Gdańsk 13% Wrzeszcz Gdańsk 11% 100% 8
ROBYG Group units on offer FINISHED GOODS ON OFFER: 4% 9
ROBYG Group revenue recognition (as at 31 December 2017) * Takes into account the units recognised for the projects, which are treated as JV projects. The results of these projects in accordance with the terms for the consolidation of results in ROBYG Group are presented in the line Post-tax share of the profit or loss of the joint ventures accounted for using the equity method. Recognition potential of units in revenues Units not presold and not recognised: 2239 Completed: 113* Under construction: 732 Which construction has not started yet, but included in pre-sales process: 1394 Units presold and not recognised: 3953 Completed: 393 Under construction: 2554 Which construction has not started yet, but included in pre-sales process: 1006 * Including 15 commercial units which are rented. 10
Number of units to be completed in 2018-2019 and also (contracted) / recognised in revenues until 31 December 2017 () number of contracted units 2017 2018 2019 Total 2018+2019 Green Mokotów, Apartamenty Villa Nobile (all: 51%) - Warsaw 786 (774)/604 266 (181) 131 (80) 397 (261) Młody Wilanów, Osiedle Życzliwa Praga (all: 100%) Warsaw 75 (75)/73 183 (52) 183 (52) Lawendowe Wzgórza/Stacja Nowy Gdańsk (100%)- Gdansk 459 (456)/436 381 (377) 296 (174) 677 (551) Słoneczna Morena, MoreNova (all: 100%) Gdansk 193 (184)/181 736 (585) 115 (92) 851 (677) Zajezdnia Wrzeszcz, Mila Baltica (all 100%)- Gdansk 358 (354)/328 237 (200) 228 (130) 465 (330) Osiedle Kameralne, Osiedle Kameralne II (all: 100%) - Warsaw 40 (33)/32 112 (98) 112 (98) Young City 2, Stacja Nowy Ursus (all:51%)- Warsaw 389 (360)/208 465 (271) 541 (225) 1 006 (496) Nowa Letnica, Nadmotławie Estates (all: 100%) - Gdansk 586 (519) 336 (63) 922 (582) Forum Wola, Ogrody Wilanów (all: 100%) - Warsaw 160 (101) 292 (213) 452 (314) Percentages in brackets indicate Group s share in the project. * Completed in prior years but not recognised till 2016. **In 2018 the Group is planning to start the construction of additional units to be completed in 2019. 2 300 (2 236)/1 862 2 943 (2 332) 2 122 (1 029) 5 065 (3 361) * +312 (263) /244 - ** +1 585 +1 585 2 612 (2 499)/2 106 2 943 (2 332) 3 707 (1 029) 6 650 (3 361) -506 (393) +506 (393) - +506 (393) 2 106(2 106)/2 106 3 449 (2 725) 3 707 (1 029) 7 156 (3 754) 11
Number of units to be completed in 2018* Project City Total no. of units to be completed in 2018 On offer or sold @ 31 Dec 2017 Out of which: Not introduced to offer @ 31 Dec 2017 Osiedle Kameralne II Warsaw 112 112 - Forum Wola Warsaw 160 160 - Green Mokotów Warsaw 266 266 - Stacja Nowy Ursus Warsaw 407 407 - Young City II Warsaw 58 58 - Lawendowe Wzgórze/ Stacja Nowy Gdańsk Gdańsk 381 381 - Słoneczna Morena Gdańsk 509 509 - Nowa Letnica Gdańsk 586 586 - MoreNova Gdańsk 227 227 - Zajezdnia Wrzeszcz Gdańsk 237 237 - Total 2,943 2,943 - * Estimation of the planned investments may change. 12
Number of units to be completed in 2019* Project City Total no. of units to be completed in 2019 On offer or sold @ 31 Dec 2017 Out of which: Not introduced to offer @ 31 Dec 2017 Forum Wola Warsaw 142 142 - Green Mokotów Warsaw 330 131 199 Ogrody Wilanów Warsaw 227 150 77 Osiedle Życzliwa Praga Warsaw 183 183 - Wiktoryn Warsaw 320-320 Young City 2 Warsaw 541 541 - Young City 3 Warsaw 289-289 Stacja Nowy Ursus Warsaw 265-265 Lawendowe Wzgórze/ Stacja Nowy Gdańsk Gdańsk 404 296 108 MoreNova Gdańsk 115 115 - Nadmotławie Estate Gdańsk 200 157 43 Nowa Letnica Gdańsk 363 179 184 Zajezdnia Wrzeszcz Gdańsk 228 228 - Jagodno Wrocław 100-100 Total 3,707 2,122 1,585 * Estimation of the planned investments may change. 13
Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 14
Financial results Statement of Comprehensive Income (PLN thousands) 2017 2016 Change Revenues 737 944 517 081 42.7% Cost of sales (542 715) (400 947) 35.4% Gross profit on sales 195 229 116 134 68.1% Post-tax share of the profit or loss of JV 6 494 62 639 (89.6%) Selling and marketing expenses (29 352) (21 992) 33.5% Administrative expenses (33 250) (31 368) 6.0% Other 34 683 (2 519) N/A Operating profit 173 804 122 894 41.4% Finance income 5 962 8 691 (31.4%) Finance costs (10 391) (14 336) (27.5%) Profit before tax 169 375 117 249 44.5% Income tax expense (33 882) (13 219) 156.3% Net profit 135 493 104 030 30.2% Net profit attributable to equity holders of the parent 109 924 108 672 1.2% Gross profit margin on sales 26.5% 22.5% Net profit margin 18.4% 20.1% 15
Revenues by projects and activity in 2017 Activity Property development activities (Warsaw, Gdańsk) Total revenues (PLN thousands) 666 136 TOTAL 666 136 Projects Sales revenues in the given project (PLN thousands) Margin (%) Gross profit on sales Młody Wilanów 30 175 11.7% Słoneczna Morena 22 077 23.1% Lawendowe Wzgórza 87 662 12.7% Albatross Towers 6 137 24.1% Modern Żoliborz 1 171 33.5% Mila Baltica 67 693 37.3% Osiedle Kameralne II 16 193 38.3% Stacja Nowy Ursus 59 561 30,2% Apartamenty Villa Nobile 227 572 30.5% Osiedle Kameralne 11 627 30.0% MoreNova 45 988 28.8% Green Mokotów 31 476 25.8% Zajezdnia Wrzeszcz 56 872 32.9% Other projects 1 932 18.5% TOTAL property development activities 666 136 27.7% Other revenues 71 808 Other revenues* 71 808 TOTAL 737 944 737 944 26.5% Young City 13 789 39.0% JV projects 22 437 Osiedle Królewskie jointly with Królewski Park 6 652 33.9% Park Wola Residence 1 996 38.6% TOTAL JV 22 437 22 437 37.5% GRAND TOTAL 760 381 760 381 26.8% * Including revenues from car sales, rental income and other income. 16
Financial condition Statement of Financial Position (PLN thousands) 2017 Q3 2017 Change 2016 Total assets, including: 1 989 339 1 919 447 3.6% 1 753 561 Non-current assets, including: 420 275 437 574 (4.0%) 413 952 Investment properties and investment properties under construction 220 490 208 445 5.8% 136 734 Land designated for development 78 684 106 866 (26.4%) 120 859 Investments in joint ventures 7 044 7 425 5.1% 45 510 Inventories 969 237 1 036 859 (6.5%) 837 814 Trade and other receivables 119 367 67 573 76.6% 93 168 Amounts kept on individual escrow accounts and Mutual Funds 98 288 97 774 0.5% 74 160 Cash and cash equivalents 379 326 276 294 37.3% 327 654 Equity 694 791 622 334 11.6% 561 132 Total liabilities, including: 1 294 548 1 297 113 (0.2%) 1 192 429 LT interest bearing liabilities 414 510 597 287 (30.6%) 607 318 Current interest bearing liabilities 312 188 91 468 241.3% 212 474 Advances received from clients 328 037 424 444 (22.7%) 204 096 Net debt ratio** 0.36 0.49-0.56 ROE 19.5%* 16.7%* - 18.5% * Based on last 4 quarters ** Net debt ratio= net debt *** / equity *** Net debt = interest bearing liabilities intercompany loans cash and cash equivalents amounts kept on individual escrow accounts up to PLN 50 000 thousand 17
Statement of cash flow in 2017 Cash flows (PLN thousands) 2017 2016 Net cash flows from operating activities, including: 145 626 (108 033) Expenditures for the purchase of new plots (101 025) (230 245) Net cash flows from investing activities (55 274) (18 563) Net cash flows from financing activities, including: (38 039) 106 661 Proceeds from issue of bonds - 120 000 Repayment of bonds (10 499) (99 000) Proceeds from loans and borrowings 506 739 454 127 Repayment of bank and other loans (517 872) (334 652) Proceeds from issue of shares 78 138 - Paid dividend (71 035) (52 618) Interest and commissions paid (30 104) (26 092) Net change in cash and cash equivalents 52 313 (19 935) 18
Debt financing* (nominal value and maturity of bank credit facilities and bonds) as at December 31th, 2017 <1 year 1-2 years 2-3 years 3-4 years 4-5 years Total BANK CREDIT FACILITIES* 137.33 million 77.18 million 73.55 million 2.91 million 0.0 million 290.97 million BONDS 144.87 million 140.00 million 100.00 million 0.00 million 0.00 million 384.87 million TOTAL 282.20 million 217.18 million 173.55 million 2.91 million 0.00 million 675.84 million * Including the nominal value of lease payments relating to sale and leaseback transaction of the office building 19
Dividend Since its IPO on the Warsaw Stock Exchange in 2010, ROBYG S.A. has been regularly distributing profits among its shareholders. Insofar, the Company has distributed as dividends: Dividend per share in 2010-2017 (in PLN) * Management Board recommendation 20
Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 21
Strategic goals Sales of app. 3.300 units in 2018 Net profit increase in 2018* Start of activities in Wroclaw Maintain the level of the land bank Continuation of dividend policy * Attributable to equity holders of the parent 22
Land bank* Total land bank 12 320 units + 2 224 units on offer = 14 544 units** ROBYG has also land in WROCŁAW approximately for 300 units (the sale has not started yet) * Units which presale has already begun (as at 31 December 2017) not included. ** In addition, the Group has signed the purchase agreement of the plots with the total area of app. 2.7 ha located in Gdańsk, Wrzeszcz district. The Group hasn t had defined the investment planes for the plots. 23
Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 24
ROBYG - Team Oscar Kazanelson Chairman of the Supervisory Board Zbigniew Wojciech Okoński President of the Board Eyal Keltsh Vice-President of the Board, COO Artur Ceglarz Vice-President of the Board, CFO 25
Description of investments- completed (1) Nowa Rezydencja Królowej Marysieńki City: Warsaw District: Wilanów No. of stages: 10 No. of units: 1350 units 108.7 thousand sqm Q4 2001 Completion date: Q2 2014 Szczęśliwy Dom City: Warsaw District: Ochota No. of stages: 3 No. of units: 304 units 18.1 thousand sqm Q4 2005 Completion date: Q2 2008 Osiedle Zdrowa City: Warsaw District: Wilanów No. of stages: 5 No. of units: 865 units 57.0 thousand sqm Q1 2007 Completion date: Q1 2013 26
Description of investments- completed (2) City Apartments City: Warsaw District: Żoliborz No. of stages: 6 No. of units: 1190 units 88.0 thousand sqm Q1 2008 Completion date: Q3 2015 Osiedle Królewskie City: Warsaw District: Wilanów No. of stages: 6 No. of units: 640 units 38.0 thousand sqm Q2 2013 Completion date: Q4 2015 Park Wola Residence City: Warsaw District: Wola No. of stages: 1 No. of units: 317 units 16.9 thousand sqm Q4 2014 Completion date: Q2 2016 27
Description of investments- completed (3) Modern Żoliborz City: Warsaw District: Żoliborz No. of stages: 1 No. of units: 138 units 7.9 thousand sqm Q1 2015 Completion date: Q2 2016 Albatross Towers City: Gdańsk District: Przymorze No. of stages: 5 No. of units: 860 units 42.6 thousand sqm Q2 2011 Completion date: Q3 2016 Królewski Park City: Warsaw District: Wilanów No. of stages: 6 No. of units: 528 units 27.6 thousand sqm Q3 2014 Completion date: Q3 2016 28
Description of investments- completed (4) Young City City: Warsaw District: Bemowo No. of stages: 9 No. of units: 1302 units 65.2 thousand sqm Q3 2012 Completion date: Q4 2016 Młody Wilanów City: Warsaw District: Wilanów No. of stages: 3 No. of units: 257 units 12.8 thousand sqm Q4 2014 Completion date: Q2 2017 Mila Baltica City: Gdańsk District: Zaspa No. of stages: 2 No. of units: 280 units 14.9 thousand sqm Q3 2015 Completion date: Q3 2017 29
Description of investments- completed (5) Apartamenty Villa Nobile City: Warsaw District: Wilanów No. of stages: 3 No. of units: 637 units 39.1 thousand sqm Q1 2016 Completion date: Q4 2017 30
Description of investments- under construction (1) Lawendowe Wzgórza/ Stacja Nowy Gdańsk City: Gdańsk District: Jasień No. of stages: app. 40 Stages completed: 18 Stages under construction*: 6 Słoneczna Morena City: Gdańsk District: Piecki-Migowo No. of stages: app. 23 Stages completed: 18 Stages under construction*: 4 Osiedle Kameralne City: Warsaw District: Bemowo No. of stages: 5 Stages completed: 3 No. of units: app. 3700 units (completed: 1704 units) app. 175.0 thousand sqm Q3 2009 Planned completion date: Q4 2022 No. of units: app. 2015 units (completed: 1474 units) app. 109.8 thousand sqm Q4 2009 Planned completion date: Q1 2020 *Including stages in presale which construction has not begun yet (as at 31 December 2017). No. of units: app. 550 units (completed: 283 units) app. 31.5 thousand sqm Q4 2010 Planned completion date: Q2 2020 31
Description of investments- under construction (2) Osiedle Kameralne II City: Warsaw District: Bemowo No. of stages: 3 Stages completed: 1 Stages under construction*: 1 No. of units: app. 350 units (completed: 161 units) app. 17.6 thousand sqm Green Mokotów City: Warsaw District: Mokotów No. of stages:11 Stages completed: 2 Stages under construction*: 5 No. of units: app. 745 units (completed: 149 units) app. 49.3 thousand sqm Stacja Nowy Ursus City: Warsaw District: Ursus No. of stages: 5 Stages completed: 2 Stages under construction*: 2 No. of units: app. 1060 units (completed: 389 units) app. 51.6 thousand sqm Q3 2015 Planned completion date: Q1 2020 Q2 2016 Planned completion date: Q4 2019 *Including stages in presale which construction has not begun yet (as at 31 December 2017). Q2 2016 Planned completion date: Q3 2019 32
Description of investments- under construction (3) MoreNova City: Gdańsk District: Piecki-Migowo No. of stages: 3 Stages completed: 1 Stages under construction*: 2 Zajezdnia Wrzeszcz City: Gdańsk District: Wrzeszcz No. of stages: 8 Stages completed: 1 Stages under construction*: 3 Nowa Letnica City: Gdańsk District: Letnica No. of stages: 12 Stages under construction*: 6 No. of units: app. 520 units (completed: 177 units) app. 25.0 thousand sqm Q2 2016 Planned completion date: Q1 2019 No. of units: app. 1420 units (completed: 206 units) app. 72.3 thousand sqm Q4 2016 Planned completion date: Q1 2021 *Including stages in presale which construction has not begun yet (as at 31 December 2017). No. of units: app. 2500 units app. 118.6 thousand sqm Q1 2017 Planned completion date: Q1 2022 33
Description of investments- under construction (4) Forum Wola City: Warsaw District: Wola No. of stages: 4 Stages under construction*: 3 No. of units: app. 935 units app. 49.7 thousand sqm Young City 2 City: Warsaw District: Bemowo No. of stages: 3 Stages under construction*: 3 No. of units: app. 600 units app. 30.0 thousand sqm Q3 2017 Planned completion date: Q1 2021 Q3 2017 Planned completion date: Q4 2019 *Including stages in presale which construction has not begun yet (as at 31 December 2017). 34
Description of investmentson offer which construction has not started Ogrody Wilanów City: Warsaw District: Wilanów No. of stages: 3 Stages in presale: 2 No. of units: app. 230 units app. 11.6 thousand sqm Q1 2018 Planned completion date: Q4 2019 Osiedle Życzliwa Praga City: Warsaw District: Tarchomin No. of stages: 9 Stages in presale: 2 No. of units: app. 700 units app. 35.2 thousand sqm Q2 2018 Planned completion date: Q3 2020 Nadmotławie Estate City: Gdańsk District: Śródmieście No. of stages: 12 Stages in presale: 1 No. of units: app. 1720 units app. 69.8 thousand sqm Q3 2018 Planned completion date: Q3 2022 35
Presale: Investments under construction on offer - Warsaw (1) Units under construction (Warsaw): 1003 in 8 stages Incl. presold units as at 31 December 2017: 651 (65%) Green Mokotów Stages: 1a, 1b, 5 266 units Planned completion date: Q1 2018, Q4 2018, Q3 2018 17,689 sqm Location: Mokotów Osiedle Kameralne II Stage: 2 112 units Planned completion date: Q3 2018 5,777 sqm Location: Bemowo Presold: 181 68% Presold: 98 88% 36
Presale: Investments under construction on offer - Warsaw (2) Units under construction (Warsaw): 1003 in 8 stages Incl. presold units as at 31 December 2017: 651 (65%) Forum Wola Stage: 1 160 units Planned completion date: Q4 2018 9,740 sqm Location: Wola Young City II Stage: 1 58 units Planned completion date: Q4 2018 2,975 sqm Location: Bemowo Presold: 101 63% Presold: 50 86% 37
Presale: Investments under construction on offer - Warsaw (3) Units under construction (Warsaw): 1003 in 8 stages Incl. presold units as at 31 December 2017: 651 (65%) Stacja Nowy Ursus Stages: 3, 4 407 units Planned completion date: Q3 2018, Q4 2018 19,998 sqm Location: Ursus Presold: 221 54% 38
Presale: Investments under construction on offer - Gdańsk (1) Units under construction (Gdańsk): 2283 in 16 stages Incl. presold units as at 31 December 2017: 1903 (83%) Lawendowe Wzgórze/ Stacja Nowy Gdańsk Stages: 19, 20, 21 381 units Planned completion date: Q1 2018, Q3 2018, Q4 2018 16,570 sqm Location: Jasień Słoneczna Morena Stages: 18, 19, 20, 21 509 units Planned completion date: Q2 2018, Q3 2018, Q1 2018, Q2 2018 27,290 sqm Location: Piecki-Migowo Presold: 377 99% Presold: 388 76% 39
Presale: Investments under construction on offer - Gdańsk (2) Units under construction (Gdańsk): 2283 in 16 stages Incl. presold units as at 31 December 2017: 1903 (83%) Zajezdnia Wrzeszcz Stages: 2, 3 465 units Planned completion date: Q4 2018, Q2 2019 23,804 sqm Location: Wrzeszcz Nowa Letnica Stages: 1, 2, 3, 4, 5 586 units Planned completion date: Q2 2018, Q3 2018, Q4 2018, Q3 2018, Q4 2018 27,582 sqm Location: Letnica Presold: 330 71% Presold: 519 89% 40
Presale: Investments under construction on offer - Gdańsk (3) Units under construction (Gdańsk): 2283 in 16 stages Incl. presold units as at 31 December 2017: 1903 (83%) MoreNova Stages: 2, 3 342 units Planned completion date: Q2 2018, Q1 2019 16,583 sqm Location: Piecki-Migowo Presold: 289 85% 41
Presale: Investment on offer which construction has not started yet: Warsaw (1) Units on offer which construction has not started yet (Warsaw): 1514 in 10 stages Forum Wola Stages: 2, 3 509 units Planned start date: Q1 2018, Q3 2018 Planned completion date: Q2 2019, Q2 2020 27,633 sqm Location: Wola Green Mokotów Stages: 6, 7 131 units Planned start date: Q1 2018, Q1 2018 Planned completion date: Q2 2019, Q2 2019 7,626 sqm Location: Mokotów Presold: 234 46% Presold: 80 61% 42
Presale: Investment on offer which construction has not started yet: Warsaw (2) Units on offer which construction has not started yet (Warsaw): 1514 in 10 stages Ogrody Wilanów Stages: 1, 2 150 units Planned start date: Q1 2018, Q1 2018 Planned completion date: Q2 2019, Q2 2019 7,759 sqm Location: Wilanów Osiedle Życzliwa Praga Stages: 1, 2 183 units Planned start date: Q2 2018, Q2 2018 Planned completion date: Q3 2019, Q3 2019 8,381 sqm Location: Tarchomin Presold: 117 78% Presold: 52 28% 43
Presale: Investment on offer which construction has not started yet: Warsaw (3) Units on offer which construction has not started yet (Warsaw): 1514 in 10 stages Young City 2 Stages: 2, 3 541 units Planned start date: Q2 2018, Q2 2018 Planned completion date: Q4 2019, Q4 2019 26,979 sqm Location: Bemowo Presold: 225 42% 44
Presale: Investment on offer which construction has not started yet: Gdańsk (1) Units on offer which construction has not started yet (Gdańsk): 886 in 6 stages Lawendowe Wzgórze/ Stacja Nowy Gdańsk Stages: 22, 23, 24 296 units Planned start date: Q1 2018, Q2 2018, Q2 2018 Planned completion date: Q1 2019, Q2 2019, Q3 2019 13,791 sqm Location: Jasień Presold: 174 59% Nowa Letnica Stage: 6a 179 units Planned start date: Q1 2018 Planned completion date: Q4 2019 9,699 sqm Location: Letnica Presold: 52 29% 45
Presale: Investment on offer which construction has not started yet: Gdańsk (2) Units on offer which construction has not started yet (Gdańsk): 886 in 6 stages Zajezdnia Wrzeszcz Stage: 4 254 units Planned start date: Q2 2018 Planned completion date: Q1 2020 12,462 sqm Location: Wrzeszcz Nadmotławie Estate Stage: 1 157 units Planned start date: Q3 2018 Planned completion date: Q4 2019 5,066 sqm Location: Śródmieście Presold: 61 24% Presold: 11 7% 46
Ownership structure Bricks Acquisition Limited 100% As at the date of this presentation, Bricks Acquisition Limited holds 100% of the ROBYG S.A. shares. Bricks Acquisition Limited is an entity indirectly owned by Goldman Sachs Group, Inc. The strategic goal of Bricks Acquisitions Limited is to withdraw the ROBYG S.A. shares from the Warsaw Stock Exchange trading and to operate as a long-term strategic investor. 47
HIGHTLIGHTS Please contact us: Investor Relations ROBYG SA e-mail: ri@robyg.com.pl tel. (22) 419 11 00 2017 * Including amounts kept on individual escrow accounts and in Mutual Funds. 48