ROBYG Group Financial results H1 2016 Warsaw, August 25th 2016
HIGHTLIGHTS HIGHLIGHTS H1 2016 * Assuming the continuation of the proportional consolidation for JV projects, ** Including amounts kept on individual escrow accounts and in Mutual Funds. *** Including transactions performed after 30 June 2016 till the date of the presentation. 2
Agenda I. Summary II. Presales and hand-overs III. Financial results IV. Plans of ROBYG Group V. Appendices 3
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 4
Summary H1 2016 5
Financial results of H1 2016 Revenues PLN 197 million (PLN 312 million*) Operating profit PLN 42 million Net profit PLN 35 million Net cash flows from operating activities PLN 68 million (excl. purchase of new plots) PLN -126 million (incl. purchase of new plots) Strong cash position**: PLN 210 million * Assuming the continuation of the proportional consolidation for JV projects, ** Including amounts kept on individual escrow accounts and units in Mutual Funds. 6
ROBYG Group- investments and financial activities H1 2016* BONDS LOANS NEW PLOTS- Warsaw NEW PLOTS- Gdańsk Redemption of PLN 84 million: - I series (PLN 84 million). Issuance of PLN 120 million: - R series (PLN 20 million), - S series (PLN 100 million). Total new facilities: PLN 190.6 million: ROBYG Marketing i Sprzedaż - investment loan (PLN 50 million), ROBYG Construction - construction loan (with the limit of PLN 20 million), ROBYG S.A. - investment loan (with the limit of PLN 18.3 million), ROBYG S.A. - revolving loans (with the total limit of PLN 50 million), Apartamenty Villa Nobile: - construction loan (with the limit of PLN 15 million). Zajezdnia Wrzeszcz: - investment loan (with the limit of PLN 22.3 million), - construction loan (with the limit of PLN 15 million). Total investment app. PLN 82.6 million: with the potential for construction of app. 1760 units. PLN 16 million (plot areaapp. 1.1 ha)- purchase of the plots on Praga district with the potential for construction of app. 260 units. PLN 7 million (plot areaapp. 1.5 ha)- purchase of the shares and loans regarding the plot on Ursynów district with the potential for construction of app. 400 units. PLN 13.6 million (plot areaapp. 1.8 ha)- purchase of the plots on Mokotów district with the potential for construction of app. 300 units. PLN 46 million (plot areaapp. 2.5 ha)- purchase of the shares in the entity owns the plot on Wola district with the potential for construction of app. 800 units. Total investment app. PLN 53.4 million: with the potential for construction of app. 2500 units. PLN 53.4 million (plot areaapp. 6 ha)- purchase of the plots on Letnica district, has potential for construction of app. 2 500 units. * The specification includes also the transactions performed after 30 June 2016 till the date of the presentation (marked in blue). 7
Agenda I. Summary II. Presales and hand-overs III. Financial results IV. Plans of ROBYG Group V. Appendices 8
ROBYG Group number of presold units Presold units in H1 2016-1375 units (+22% Y/Y) 22% 10% 11% 9% 56% 9
ROBYG Group Presale structure H1 2016 Presold units in H1 2016-1375 units (+22% Y/Y) District City % Wilanów Warsaw 21% Bemowo Warsaw 20% Wola Warsaw 6% Ursus Warsaw 4% Żoliborz Warsaw 1% Mokotów Warsaw 1% Jasień Gdańsk 18% Piecki-Migowo Gdańsk 17% Zaspa Gdańsk 8% Wrzeszcz Gdańsk 3% Przymorze Gdańsk 1% 100% 10
ROBYG Group units on offer 11
ROBYG Group hand-overs (as at 30 June 2016) * Takes into account the units recognised in Osiedle Kameralne, Osiedle Królewskie, Królewski Park, Park Wola Residence and Young City 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: 1952 Completed: 69 Under construction: 835 Which construction has not started yet, but included in pre-sales process: 1048 Units presold and not recognised: 2672 Completed: 267 Under construction: 2145 Which construction has not started yet, but included in pre-sales process: 260 12
Number of units to be completed in 2016-2017 and also (contracted) / delivered until 30 June 2016 Over 6,350 units potential for delivery for 2016-2017 (incl. app. 3 760 units already contracted) () number of contracted units 2015 2016 2017 Total 2016+2017 Osiedle Królewskie, Królewski Park,Green Mokotów, Villa Nobile (all: 51%) - Warsaw 609 (608)/349 301 (284)/20 611 (221) 912 (505) Młody Wilanów (100%) - Warsaw 182 (163)/85 75 (48) 257 (211) City Apartments (75%) & Modern Żoliborz Residence (100%)- Warsaw 173 (173)/163 138 (136)/23 138 (136) Lawendowe Wzgórza/Stacja Nowy Gdańsk (100%)- Gdansk 409 (408)/343 137 (131) 528 (327) 665 (458) Słoneczna Morena (100%) & MoreNova (100%) Gdansk 601 (595)/353 269 (233) 191 (61) 460 (294) Albatross Towers, Zajezdnia Wrzeszcz, Mila Baltica (All 100%)- Gdansk 352 (352)/233 307 (271) 359 (147) 666 (418) Park Wola Residence (51%) Warsaw 317 (301)/253 317 (301) Osiedle Kameralne (100%)& Osiedle Kameralne II (100%) - Warsaw 161 (127) 40 (3) 201 (130) Young City (51%), Young City 2 (51%) & Stacja Nowy Ursus (51%)- Warsaw 248 (248)/174 294 (256) 501 (247) 795 (503) Percentages in brackets indicate Group s share in the project. The projects marked on blue are accounted in line with the equity method. Presented numbers of units reflect 100% of the potential (regardless of the ownership structure). * Completed in prior years but not delivered till 2014. ** In 2016 the Group is planning to start the construction of additional units to be completed in 2017. 2 392 (2 384)/1 615 2 106 (1 902)/381 2 305 (1 054) 4 411 (2 956) * +505 (464)/430 +852 (803)/752 ** +1 106 +1 958 (803) 2 897 (2 848)/2 045 2 958 (2 705)/1 133 3 411 (1 054) 6 369 (3 759) -852 (803) - - - 2 045 (2 045)/2045 2 958 (2 705) /1 133 3 411 (1 054) 6 369 (3 759) 13
Number of units to be completed in 2017* Project City Total no. of units to be completed in 2017 On offer @ 30 June 2016 Out of which: Not on offer @ 30 June 2016 Osiedle Kameralne Warsaw 40 40 - Osiedle Kameralne II Warsaw 111-111 Młody Wilanów Warsaw 75 75 - Green Mokotów Warsaw 210 139 71 Stacja Nowy Ursus Warsaw 486 138 348 Apartamenty Villa Nobile Warsaw 633 472 161 Young City Warsaw 152 152 - Young City II Warsaw 263 211 52 Lawendowe Wzgórze/ Stacja Nowy Gdańsk Gdańsk 649 528 121 Słoneczna Morena Gdańsk 30 16 14 Mila Baltica Gdańsk 152 152 - MoreNova Gdańsk 403 175 228 Zajezdnia Wrzeszcz Gdańsk 207 207 - Total 3,411 2,305 1,106 * Estimation of the planned investments may change. 14
Number of units to be completed in 2018* Project City Total no. of units to be completed in 2018 On offer @ 30 June 2016 Out of which: Not on offer @ 30 June 2016 Osiedle Kameralne Warsaw 90-90 Mińska Warsaw 187-187 Wola new Warsaw 118-118 Green Mokotów Warsaw 472-472 Stacja Nowy Ursus Warsaw 390-390 Young City II Warsaw 189-189 Young City III Warsaw 388-388 Stacja Nowy Gdańsk Gdańsk 332-332 Słoneczna Morena Gdańsk 494 494 - Letnica Gdańsk 500-500 MoreNova Gdańsk 111-111 Zajezdnia Wrzeszcz Gdańsk 462-462 Total 3,733 494 3,239 * Estimation of the planned investments may change. 15
Agenda I. Summary II. Presales and hand-overs III. Financial results IV. Plans of ROBYG Group V. Appendices 16
Financial results Statement of Comprehensive Income (PLN thousands) H1 2016 H1 2015 Change Revenues 197 429 140 588 40.4% Cost of sales (159 510) (114 278) 39.6% Post-tax share of the profit or loss of JV 28 687 12 077 137.5% Selling and marketing expenses (9 856) (7 636) 29.1% Administrative expenses (14 195) (12 395) 14.5% Other (436) (2 031) (78,5%) Operating profit 42 119 16 325 158.0% Finance income 3 499 3 127 11.9% Finance costs (9 700) (8 082) 20.0% Profit before tax 35 918 11 370 215.9% Income tax expense (705) 6 808 (110.4%) Net profit 35 213 18 178 93.7% Operating profit margin 21.3% 11.6% Net profit margin 17.8% 12.9% 17
Gross profit on sales- proforma* Statement of Comprehensive Income (PLN thousands) H1 2016 H1 2015 Change Revenues 312 355 191 022 63.5% Cost of sales (236 557) (145 780) 62.3% Gross profit on sales 75 798 45 242 67.5% Gross profit margin on sales 24.3% 23.7% * The table shows the Group s Financial Results calculated based on the proportional consolidation of JV projects. 18
Revenues by projects and activity in H1 2016 Activity Total revenues (PLN thousands) Projects Sales revenues in the given project (PLN thousands) Margin (%) Gross profit on sales Property development activities (Warsaw, Gdańsk) 149 991 Młody Wilanów 27 211 14.4% Słoneczna Morena 61 282 22.2% Lawendowe Wzgórza 12 120 12.7% Albatross Towers 34 117 18.5% Modern Żoliborz 9 964 36.6% Other projects 5 297 18.6% TOTAL 149 991 TOTAL property development activities 149 991 20.0% Other revenues 47 438 Other revenues* 47 438 16.7% TOTAL 197 429 197 429 19.2% Young City 10 974 34.1% JV projects 114 926 Osiedle Królewskie jointly with Królewski Park 57 755 30.7% Park Wola Residence 46 197 35.5% TOTAL JV 114 926 114 926 33.0% GRAND TOTAL 312 355 312 355 24.3% * Including revenues from construction services, management services, sales activities etc. performed for JV projects. 19
Financial condition Statement of Financial Position (PLN thousands) H1 2016 Q1 2016 Change 2015 Total assets, including: 1 547 237 1 502 378 3.0% 1 478 617 Non-current assets, including: 429 799 382 665 12.3% 373 813 Investment properties and investment properties under construction 127 635 92 602 37.8% 67 020 Land designated for development 155 642 120 148 29.5% 121 737 Investments in joint ventures 30 453 58 835 (48.2%) 50 072 Inventories 790 202 614 585 28.6% 594 697 Trade and other receivables 112 579 104 377 7.9% 120 496 Amounts kept on individual escrow accounts and Mutual Funds 28 768 22 369 28.6% 38 885 Cash and cash equivalents 181 103 375 616 (51.8%) 347 776 Equity 504 114 537 685 (6.2%) 524 174 Total liabilities, including: 1 043 123 964 693 8.1% 954 443 LT interest liabilities 486 498 480 143 1.3% 469 827 Current interest liabilities 146 948 165 384 (11.1%) 133 424 Advances received from clients 219 936 184 365 19.3% 192 596 Net debt ratio** 0.71 0.31-0.30 ROE 14.0%* 10.3%* - 15.6% * Annualized ** 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 20
Statement of cash flow in H1 2016 Cash flows (PLN thousands) H1 2016 H1 2015 Net cash flows from operating activities, including: (125 970) 31 402 Expenditures for the purchase of new plots (194 089) (72 587) Net cash flows from investing activities (37 157) (2 805) Net cash flows from financing activities, including: (3 202) 23 155 Proceeds from issue of bonds 20 000 80 000 Repayment of bonds (84 000) (62 000) Proceeds from loans and borrowings 195 173 171 269 Repayment of loans reclassified from non-controlling interest - (20 930) Repayment of bank and other loans (120 843) (102 093) Interest and commissions paid (13 357) (12 356) Net change in cash and cash equivalents (166 329) 51 752 21
Debt financing* (nominal value and maturity of bank credit facilities and bonds) as at June 30th, 2016 <1 year 1-2 years 2-3 years 3-4 years 4-5 years Total BANK CREDIT FACILITIES* 87.02 million 41.95 million 35.57 million 72.51 million 6.95 million 244.00 million BONDS - 60.00 million 140.00 million 110.00 million - 310.00 million TOTAL 87.02 million 101.95 million 175.57 million 182.51 million 6.95 million 554.00 million * Including the nominal value of lease payments relating to sale and leaseback transaction of the office building. 22
Dividend Since its IPO on the Warsaw Stock Exchange in 2010, ROBYG SA has been regularly distributing profits among its shareholders. Insofar, the Company has distributed as dividends: Dividend per share in 2010-2015 (in PLN) Management Board approved the Dividend Policy, according to which MB intends to recommend the payment of a dividend for the year 2016 and 2017 at the level of 65% to 80% of the consolidated net profit. 23
Agenda I. Summary II. Presales and hand-overs III. Financial results IV. Plans of ROBYG Group V. Appendices 24
Strategic goals Sales of over 2600 units in 2016 and growth in the following years Construction s start of over 3900 units in 2016 Operating profit of app. 115M in 2016 and further growth in the following years Start of activities in Wroclaw in 2017 Increase in the offer and land bank Continuation of dividend policy 25
Investments in 2016* Stages introduced for sale as of 30 June 2016 Introduced for sale in 2016 Construction's start in 2016 Total 3 497 3 965 Total introduced for sale as of 30 June 2016: 1 823 Construction Project Stage Number of units Start End Green Mokotów Residence (1a) 1 61 0 61 3Q 2016 4Q 2017 Green Mokotów Residence (2) 2 78 0 78 3Q 2016 4Q 2017 Stacja Nowy Ursus 1 138 0 138 2Q 2016 2Q 2017 Młody Wilanów (II) 3 75 0 75 1Q 2016 2Q 2017 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (C6, C7) 16 153 0 153 2Q 2016 2Q 2017 Mila Baltica 2 152 0 152 2Q 2016 2Q 2017 Construction's start in 2016, introduced for sale in 2015 657 0 657 Construction Project Stage Number of units Start End Lawendowe Wzgórze/ Stacja Nowy Gdańsk (C15.1) 17 70 70 70 3Q 2016 4Q 2017 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (C10) 18 70 70 70 3Q 2016 4Q 2017 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (C11) 19 68 68 68 3Q 2016 4Q 2017 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D1, D2) 20 121 121 121 3Q 2016 4Q 2017 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (C12) 21 67 67 67 4Q 2016 1Q 2018 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D3, D4) 22 110 110 110 4Q 2016 1Q 2018 Słoneczna Morena (B9-10) 16 4 4 4 1Q 2016 1Q 2017 Słoneczna Morena (A7-8) 17 12 12 12 1Q 2016 1Q 2017 Słoneczna Morena (W1) 18 251 251 251 2Q 2016 1Q 2018 Słoneczna Morena (W2) 19 243 243 243 3Q 2016 2Q 2018 Słoneczna Morena (C) 20 8 8 8 4Q 2016 4Q 2017 Słoneczna Morena (D1D2D3) 21 6 6 6 4Q 2016 4Q 2017 Osiedle Kameralne (4) 3 40 40 40 2Q 2016 3Q 2017 Osiedle Kameralne II (7) 2 111 111 111 3Q 2016 4Q 2017 Green Mokotów Residence 1B 93 93 93 4Q 2016 1Q 2018 Green Mokotów Residence 3 71 71 71 3Q 2016 4Q 2017 Green Mokotów Residence 4 109 109 109 4Q 2016 1Q 2018 Morenova 1 175 175 175 2Q 2016 3Q 2017 Morenova 2 228 228 228 3Q 2016 4Q 2017 Stacja Nowy Ursus 2 102 102 102 4Q 2016 4Q 2017 Stacja Nowy Ursus 3 246 246 246 4Q 2016 4Q 2017 Apartamenty Villa Nobile 1 172 172 172 1Q 2016 2Q 2017 Apartamenty Villa Nobile 2 300 300 300 3Q 2016 4Q 2017 Apartamenty Villa Nobile 3 161 161 161 3Q 2016 4Q 2017 Young City II 1 211 211 211 3Q 2016 4Q 2017 Young City II 2 52 52 52 3Q 2016 4Q 2017 Zajezdnia Wrzeszcz 1 207 207 207 3Q 2016 4Q 2017 Construction's start in 2016, introduced for sale in 2016 3 308 3 308 3 308 Construction Project Stage Number of units Start End Young City II 3 189 189 0 1Q 2017 2Q 2018 Planned construction's start in 2017, introduction for sale in 2016 189 189 0 * Estimation of the planned investments may change. 26
Land bank* Total land bank 11 345 units + 1 952 units on offer = 13 297 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 30 June 2016) not included. 27
Agenda I. Summary II. Presales and hand-overs III. Financial results IV. Plans of ROBYG Group V. Appendices 28
Description of investments- completed (1) Nowa Rezydencja Królowej Marysieńki City: Warsaw District: Wilanów No. of stages: 10 No. of units: app. 1350 units Total sellable area: app. 108.7 thousand sqm Start of construction: Q4 2001 Completion date: Q2 2014 Szczęśliwy Dom City: Warsaw District: Ochota No. of stages: 3 No. of units: app. 304 units Total sellable area: app. 18.1 thousand sqm Start of construction: Q4 2005 Completion date: Q2 2008 Osiedle Zdrowa City: Warsaw District: Wilanów No. of stages: 5 No. of units: app. 865 units Total sellable area: app. 57.0 thousand sqm Start of construction: Q1 2007 Completion date: Q1 2013 29
Description of investments- completed (2) City Apartments City: Warsaw District: Żoliborz No. of stages: 6 No. of units: app. 1190 units Total sellable area: app. 88.0 thousand sqm Start of construction: Q1 2008 Completion date: Q3 2015 Osiedle Królewskie City: Warsaw District: Wilanów No. of stages: 6 No. of units: app. 640 units Total sellable area: app. 38.0 thousand sqm Start of construction: Q2 2013 Completion date: Q4 2015 Park Wola Residence City: Warsaw District: Wola No. of stages: 1 No. of units: app. 317 units Total sellable area: app. 16.9 thousand sqm Start of construction: Q4 2014 Completion date: Q2 2016 30
Description of investments- completed (3) Modern Żoliborz City: Warsaw District: Żoliborz No. of stages: 1 No. of units: app. 138 units Total sellable area: app. 7.9 thousand sqm Start of construction: Q1 2015 Completion date: Q2 2016 31
Description of investments- under construction (1) Lawendowe Wzgórza/ Stacja Nowy Gdańsk City: Gdańsk District: Jasień No. of stages: app. 40 Stages completed: 13 Stages under construction*: 6 Słoneczna Morena City: Gdańsk District: Piecki-Migowo No. of stages: app. 23 Stages completed: 15 Stages under construction*: 5 Osiedle Kameralne City: Warsaw District: Bemowo No. of stages: 5 Stages completed: 2 Stages under construction*: 1 No. of units: app. 4050 units (completed: 1108 units) Total sellable area: app. 187.2 thousand sqm Start of construction: Q3 2009 Planned completion date: Q3 2026 No. of units: app. 2010 units (completed: 1189 units) Total sellable area: app. 109.6 thousand sqm Start of construction: Q4 2009 Planned completion date: Q2 2018 *Including stages in presale which construction has not begun yet (as at 30 June 2016). No. of units: app. 530 units (completed: 243 units) Total sellable area: app. 29.3 thousand sqm Start of construction: Q4 2010 Planned completion date: Q4 2018 32
Description of investments- under construction (2) Albatorss Towers City: Gdańsk District: Przymorze No. of stages: 5 Stages completed: 4 Stages under construction*: 1 No. of units: app. 860 units (completed: 681 units) Total sellable area: app. 42.6 thousand sqm Young City City: Warsaw District: Bemowo No. of stages: 9 Stages completed: 6 Stages under construction*: 3 No. of units: app. 1300 units (completed: 856 units) Total sellable area: app. 65.1 thousand sqm Królewski Park City: Warsaw District: Wilanów No. of stages: 6 Stages completed: 3 Stages under construction*: 3 No. of units: app. 530 units (completed: 275 units) Total sellable area: app. 27.4 thousand sqm Start of construction: Q2 2011 Planned completion date: Q3 2016 Start of construction: Q3 2012 Planned completion date: Q1 2017 *Including stages in presale which construction has not begun yet (as at 30 June 2016). Start of construction: Q3 2014 Planned completion date: Q4 2016 33
Description of investments- under construction (3) Młody Wilanów City: Warsaw District: Wilanów No. of stages: 3 Stages completed: 1 Stages under construction*: 2 Osiedle Kameralne II City: Warsaw District: Bemowo No. of stages: 3 Stages under construction*: 1 Mila Baltica City: Gdańsk District: Zaspa No. of stages: 2 Stages under construction*: 2 No. of units: app. 260 units (completed: 113 units) Total sellable area: app. 12.8 thousand sqm Start of construction: Q4 2014 Planned completion date: Q2 2017 No. of units: app. 390 units Total sellable area: app. 20.6 thousand sqm Start of construction: Q3 2015 Planned completion date: Q2 2019 *Including stages in presale which construction has not begun yet (as at 30 June 2016). No. of units: app. 280 units Total sellable area: app. 14.8 thousand sqm Start of construction: Q3 2015 Planned completion date: Q2 2017 34
Description of investments- under construction (4) Apartamenty Villa Nobile City: Warsaw District: Wilanów No. of stages: 3 Stages under construction*: 2 MoreNova City: Gdańsk District: Piecki-Migowo No. of stages: 3 Stages under construction*: 1 Stacja Nowy Ursus City: Warsaw District: Ursus No. of stages: 6 Stages under construction*: 1 No. of units: app. 630 units Total sellable area: app. 39.1 thousand sqm Start of construction: Q1 2016 Planned completion date: Q4 2017 No. of units: app. 514 units Total sellable area: app. 25.9 thousand sqm Start of construction: Q2 2016 Planned completion date: Q2 2018 *Including stages in presale which construction has not begun yet (as at 30 June 2016). No. of units: app. 1040 units Total sellable area: app. 51.8 thousand sqm Start of construction: Q2 2016 Planned completion date: Q1 2019 35
Description of investmentson offer which construction has not started (1) Green Mokotów City: Warsaw District: Mokotów No. of stages: 8 Stages in presale: 2 No. of units: app. 850 units Total sellable area: app. 54.3 thousand sqm Planned start of construction: Q3 2016 Planned completion date: Q2 2019 Young City 2 City: Warsaw District: Bemowo No. of stages: 3 Stages in presale: 1 No. of units: app. 450 units Total sellable area: app. 23.2 thousand sqm Planned start of construction: Q3 2016 Planned completion date: Q2 2018 Zajezdnia Wrzeszcz City: Gdańsk District: Wrzeszcz No. of stages: 6 Stages in presale: 1 No. of units: app. 1130 units Total sellable area: app. 59.7 thousand sqm Planned start of construction: Q3 2016 Planned completion date: Q4 2019 36
Presale: Investments under construction on offer - Warsaw (1) Units under construction on offer (Warsaw): 1353 in 12 stages Incl. presold units as at 30 June 2016: 1022 (76%) Young City Stages: 7, 8, 9 446 units Planned completion date: Q4 2016, Q4 2016, Q1 2017 Total sellable area: 23,639 sqm Location: Bemowo Królewski Park Stages: 4, 5, 6 252 units Planned completion date: Q3 2016, Q4 2016, Q4 2016 Total sellable area: 14,236 sqm Location: Wilanów Presold: 394 88% Presold: 235 93% 37
Presale: Investments under construction on offer - Warsaw (2) Units under construction on offer (Warsaw): 1353 in 12 stages Incl. presold units as at 30 June 2016: 1022 (76%) Osiedle Kameralne II Stage: 1 161 units Planned completion date: Q4 2016 Total sellable area: 8,095 sqm Location: Bemowo Osiedle Kameralne Stage: 3 40 units Planned completion date: Q3 2017 Total sellable area: 2,273 sqm Location: Bemowo Presold: 127 79% Presold: 3 8% 38
Presale: Investments under construction on offer - Warsaw (3) Units under construction on offer (Warsaw): 1353 in 12 stages Incl. presold units as at 30 June 2016: 1022 (76%) Młody Wilanów Stages: 2, 3 144 units Planned completion date: Q4 2016, Q2 2017 Total sellable area: 7,247 sqm Location: Wilanów Stacja Nowy Ursus Stage: 1 138 units Planned completion date: Q2 2017 Total sellable area: 7,034 sqm Location: Ursus Presold: 100 69% Presold: 65 47% 39
Presale: Investments under construction on offer - Warsaw (4) Units under construction on offer (Warsaw): 1353 in 12 stages Incl. presold units as at 30 June 2016: 1022 (76%) Apartamenty Villa Nobile Stage: 1 172 units Planned completion date: Q2 2017 Total sellable area: 10,120 sqm Location: Wilanów Presold: 98 57% 40
Presale: Investments under construction on offer - Gdańsk (1) Units under construction on offer (Gdańsk): 1627 in 11 stages Incl. presold units as at 30 June 2016: 1123 (69%) Stacja Nowy Gdańsk Stages: 14, 15, 16 457 units Planned completion date: Q3 2016, Q1 2017, Q2 2017 Total sellable area: 19,841 sqm Location: Jasień Słoneczna Morena Stages: 15, 16, 17, 18 536 units Planned completion date: Q4 2016, Q1 2017, Q1 2017, Q1 2018, Total sellable area: 27,278 sqm Location: Piecki-Migowo Presold: 401 88% Presold: 287 54% 41
Presale: Investments under construction on offer - Gdańsk (2) Units under construction on offer (Gdańsk): 1627 in 11 stages Incl. presold units as at 30 June 2016: 1123 (69%) Mila Baltica Stages: 1, 2 280 units Planned completion date: Q4 2016, Q2 2017 Total sellable area: 14,854 sqm Location: Zaspa Albatross Towers Stage: 5 179 units Planned completion date: Q3 2016 Total sellable area: 8,874 sqm Location: Przymorze Presold: 216 77% Presold: 167 93% 42
Presale: Investments under construction on offer - Gdańsk (3) Units under construction on offer (Gdańsk): 1627 in 11 stages Incl. presold units as at 30 June 2016: 1123 (69%) MoreNova Stage: 1 175 units Planned completion date: Q3 2017 Total sellable area: 8,412 sqm Location: Piecki-Migowo Presold: 52 30% 43
Presale: Investment on offer which construction has not started yet: Warsaw (1) Units on offer which construction has not started yet (Warsaw): 650 in 4 stages Apartamenty Villa Nobile Stage: 2 300 units Planned start date: Q3 2016 Planned completion date: Q4 2017 Total sellable area: 16,705 sqm Location: Wilanów Green Mokotów Stages: 1, 2 139 units Planned start date: Q3 2016, Q3 2016 Planned completion date: Q4 2017, Q4 2017 Total sellable area: 8,808 sqm Location: Mokotów Presold: 71 24% Presold: 52 37% 44
Presale: Investment on offer which construction has not started yet: Warsaw (2) Units on offer which construction has not started yet (Warsaw): 650 in 4 stages Young City 2 Stage: 1 211 units Planned start date: Q3 2016 Planned completion date: Q4 2017 Total sellable area: 10,285 sqm Location: Bemowo Presold: 44 21% 45
Presale: Investment on offer which construction has not started yet: Gdańsk (1) Units on offer which construction has not started yet (Gdańsk): 658 in 5 stages Zajezdnia Wrzeszcz Stage: 1 207 units Planned start date: Q3 2016 Planned completion date: Q4 2017 Total sellable area: 10,053 sqm Location: Wrzeszcz Presold: 35 17% Lawendowe Wzgórze/ Stacja Nowy Gdańsk Stages: 17, 18, 19 208 units Planned start date: Q3 2016, Q3 2016, Q3 2016 Planned completion date: Q4 2017, Q4 2017, Q4 2017 Total sellable area: 9,003 sqm Location: Jasień Presold: 57 27% 46
Presale: Investment on offer which construction has not started yet: Gdańsk (2) Units on offer which construction has not started yet (Gdańsk): 658 in 5 stages Słoneczna Morena Stage: 19 243 units Planned start date: Q3 2016 Planned completion date: Q2 2018 Total sellable area: 12,706 sqm Location: Piecki-Migowo Presold: 1 0% 47
Ownership structure TFI PZU SA 11.18% Others 28.62% 28,62% 11,18% 9,96% Oscar Kazanelson & Managing Team 9.96% 9,12% PZU OFE 9.12% Nationale- Nederlanden OFE 8.08% 8,08% 8,74% 7,19% 9,51% 7,60% Aegon OFE 7.60% PKO BP Bankowy OFE 8.74% Generali OFE 7.19% Aviva OFE 9.51% *According to Management Board report on the operations of ROBYG S.A. and ROBYG S.A. Group for the period ended 30 June 2016. 48
HIGHTLIGHTS Please contact us: Investor Relations ROBYG SA e-mail: ri@robyg.com.pl tel. (22) 419 11 00 H1 2016 * Assuming the continuation of the proportional consolidation for JV projects, ** Including amounts kept on individual escrow accounts and in Mutual Funds. *** Including transactions performed after 30 June 2016 till the date of the presentation. 49