ROBYG Group Financial results H1 2017 Warsaw, August 24th 2017
HIGHTLIGHTS HIGHLIGHTS H1 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 H1 2017 4
ROBYG Group- investments and financial activities H1 2017* Financing NEW PLOTS- Warsaw NEW PLOTS- Gdańsk Bank loans: Total new facilities: PLN 52.4 million: Nowa Letnica: - investment loan (with the limit of PLN 32.4 million), - construction loan (with the limit of PLN 20 million). Shares: Raised funds: app. 79M PLN New issuance: 10% of share capital, Shares issuance price: 3 PLN per share. Total investment app. PLN 61.7 million with the potential for construction of app. 950 units. PLN 44 million (plot areaapp. 4.2 ha)- preliminary purchase agreement of the plots in Warsaw on Włochy district with the potential for construction of app. 700 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. 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 and the purchase agreement of the plots with the total area of app. 1.8 ha located in Warsaw, Tarchomin district- the transaction allowed to increase the land banking for Tarchomin district up to app. 850 units. 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 H1 2017-1693 units (+23% Y/Y) 12% 56% 22% 10% 27% 9% 7
ROBYG Group Presale structure H1 2017 Presold units in H1 2017 1693 units (+23% Y/Y) District City % Wilanów Warsaw 12% Bemowo Warsaw 10% Ursus Warsaw 8% Wola Warsaw 7% Mokotów Warsaw 7% Piecki-Migowo Gdańsk 19% Jasień Gdańsk 13% Wrzeszcz Gdańsk 12% Letnica Gdańsk 12% 100% 8
ROBYG Group units on offer FINISHED GOODS ON OFFER: 3% 9
ROBYG Group revenue recognition (as at 30 June 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: 2229 Completed: 75* Under construction: 677 Which construction has not started yet, but included in pre-sales process: 1477 Units presold and not recognised: 3567 Completed: 95 Under construction: 2603 Which construction has not started yet, but included in pre-sales process: 869 * Including 14 commercial units which are rented. 10
Number of units to be completed in 2017-2018 and also (contracted) / recognised in revenues until 30 June 2017 App. 6,150 units potential for recognition in revenues for 2017-2018 (incl. over 4 050 units already contracted) () number of contracted units 2016 2017 2018 Total 2017+2018 Królewski Park, Park Wola Residence, Green Mokotów, Villa Nobile (all: 51%) - Warsaw 619 (619)/583 848 (757)/147 277 (103) 1 125 (860) Młody Wilanów, Modern Żoliborz Residence, Osiedle Życzliwa Praga (all: 100%) Warsaw 320 (320)/297 75 (71)/60 94 (2) 169 (73) Lawendowe Wzgórza/Stacja Nowy Gdańsk (100%)- Gdansk 137 (137)/132 459 (456)/163 516 (309) 975 (765) Słoneczna Morena, MoreNova (all: 100%) Gdansk 269 (269)/238 193 (174)/12 833 (483) 1026 (657) Albatross Towers, Zajezdnia Wrzeszcz, Mila Baltica (all 100%)- Gdansk 307 (298)/256 359 (334) 237 (181) 596 (515) Osiedle Kameralne, Osiedle Kameralne II (100%) - Warsaw 161 (156)/117 40 (28) 112 (81) 152 (109) Young City, Young City 2, Stacja Nowy Ursus (all51%)- Warsaw 446 (445)/384 389 (258)/120 161 (66) 550 (324) Nowa Letnica (100%) - Gdansk 470 (307) 470 (307) Forum Wola, Ogrody Wilanów (all: 100%) - Warsaw 373 (195) 373 (195) 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 recognised till 2015. ** In 2017 the Group is planning to start the construction of additional units to be completed in 2018. 2 259 (2 244)/2 007 2 363 (2 078)/502 3 073 (1 727) 5 436 (3 805) * +857 (816) /797 - ** +402 +402 3 116 (3 060)/2 804 2 363 (2 078)/502 3 475 (1 727) 5 838 (3 805) -312 (256) +312 (256)/212 - +312 (256) 2 804 (2 804)/2 804 2 675 (2 334)/714 3 475 (1 727) 6 150 (4 061) 11
Number of units to be completed in 2017* Project City Total no. of units to be completed in 2017 On offer or sold @ 30 June 2017 Out of which: Not introduced to offer @ 30 June 2017 Osiedle Kameralne Warsaw 40 40 - Młody Wilanów Warsaw 75 75 - Green Mokotów Warsaw 210 210 - Stacja Nowy Ursus Warsaw 389 389 - Apartamenty Villa Nobile Warsaw 638 638 - Lawendowe Wzgórze/ Stacja Nowy Gdańsk Gdańsk 459 459 - Słoneczna Morena Gdańsk 16 16 - Mila Baltica Gdańsk 152 152 - MoreNova Gdańsk 177 177 - Zajezdnia Wrzeszcz Gdańsk 207 207 - Total 2,363 2,363 - * Estimation of the planned investments may change. 12
Number of units to be completed in 2018* Project City Total no. of units to be completed in 2018 On offer or sold @ 30 June 2017 Out of which: Not introduced to offer @ 30 June 2017 Osiedle Kameralne II Warsaw 112 112 - Forum Wola Warsaw 302 302 - Green Mokotów Warsaw 333 277 56 Stacja Nowy Ursus Warsaw 330 103 227 Young City II Warsaw 58 58 - Osiedle Życzliwa Praga Warsaw 94 94 - Ogrody Wilanów Warsaw 71 71 - Lawendowe Wzgórze/ Stacja Nowy Gdańsk Gdańsk 516 516 - Słoneczna Morena Gdańsk 509 501 8 Nowa Letnica Gdańsk 581 470 111 MoreNova Gdańsk 332 332 - Zajezdnia Wrzeszcz Gdańsk 237 237 - Total 3,475 3,073 402 * 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) H1 2017 H1 2016 Change Revenues 214 621 197 429 8.7% Cost of sales (164 498) (159 510) 3.1% Gross profit on sales 50 123 37 919 32.2% Post-tax share of the profit or loss of JV 6 058 28 687 (78.9%) Selling and marketing expenses (13 460) (9 856) 36.6% Administrative expenses (14 635) (14 195) 3.1% Other 20 721 (436) N/A Operating profit 48 807 42 119 15.9% Finance income 2 543 3 499 (27.3%) Finance costs (5 887) (9 700) (39.3%) Profit before tax 45 463 35 918 26.6% Income tax expense (10 109) (705) N/A Net profit 35 354 35 213 0.4% Net profit attributable to equity holders of the parent 28 422 36 958 (23.1%) Gross margin on sales 23.4% 19.2% Net profit margin 16.5% 17.8% 15
Revenues by projects and activity in H1 2017 Activity Total revenues (PLN thousands) Projects Sales revenues in the given project (PLN thousands) Margin (%) Gross profit on sales Property development activities (Warsaw, Gdańsk) 199 966 Młody Wilanów 24 680 12.5% Słoneczna Morena 19 123 22.7% Lawendowe Wzgórza 32 651 12.5% Albatross Towers 4 923 24.8% Modern Żoliborz 1 171 33.5% Mila Baltica 8 319 39.3% Osiedle Kameralne II 9 785 36.4% Stacja Nowy Ursus 33 188 29,7% Apartamenty Villa Nobile 64 218 31.1% Other projects 1 908 17.5% TOTAL 199 966 TOTAL property development activities 199 966 25.1% Other revenues 14 655 Other revenues* 14 655 TOTAL 214 621 214 621 23.4% Young City 12 832 39.1% JV projects 21 046 Osiedle Królewskie jointly with Królewski Park 6 552 36.2% Park Wola Residence 1 662 37.3% TOTAL JV 21 046 21 046 38.1% GRAND TOTAL 235 667 235 667 24.7% * Including revenues from construction services, management services, sales activities etc. performed for JV projects. 16
Financial condition Statement of Financial Position (PLN thousands) H1 2017 Q1 2017 Change 2016 Total assets, including: 1 965 660 1 708 488 15.1% 1 753 561 Non-current assets, including: 461 255 418 440 10.2% 413 952 Investment properties and investment properties under construction 206 454 140 361 47.1% 136 734 Land designated for development 134 145 151 687 (11.6%) 120 859 Investments in joint ventures 7 042 21 725 (67.6%) 45 510 Inventories 945 404 882 242 7.2% 837 814 Trade and other receivables 155 140 65 461 137.0% 93 168 Amounts kept on individual escrow accounts and Mutual Funds 100 780 63 236 59.4% 74 160 Cash and cash equivalents 301 107 275 917 9.1% 327 654 Equity 603 771 562 196 7.4% 561 132 Total liabilities, including: 1 361 889 1 146 292 18.8% 1 192 429 LT interest bearing liabilities 665 937 596 008 11.7% 607 318 Current interest bearing liabilities 85 542 103 846 (17.6%) 212 474 Advances received from clients 364 452 304 118 19.8% 204 096 Net debt ratio** 0.57 0.53-0.56 ROE 17.3%* 16.2%* - 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 H1 2017 Cash flows (PLN thousands) H1 2017 H1 2016 Net cash flows from operating activities, including: 30 006 (125 970) Expenditures for the purchase of new plots (47 047) (194 089) Net cash flows from investing activities (49 401) (37 157) Net cash flows from financing activities, including: (7 443) (3 202) Proceeds from issue of bonds - 20 000 Repayment of bonds (6 479) (84 000) Proceeds from loans and borrowings 238 719 195 173 Repayment of bank and other loans (227 019) (120 843) Paid dividend - - Interest and commissions paid (12 895) (13 357) Net change in cash and cash equivalents (26 128) (166 329) 18
Debt financing* (nominal value and maturity of bank credit facilities and bonds) as at June 30th, 2017 <1 year 1-2 years 2-3 years 3-4 years 4-5 years Total BANK CREDIT FACILITIES* 28.10 million 113.89 million 145.70 million 12.08 million 3.42 million 303.19 million BONDS 42.87 million 140.00 million 106.00 million 0.00 million 100.00 million 388.87 million TOTAL 70.97 million 253.89 million 251.70 million 12.08 million 103.42 million 692.06 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 2010-2016 (in PLN) Management Board approved the Dividend Policy, according to which MB intends to recommend the payment of a dividend for 2017 at the level of 65% to 80% of the consolidated net profit. 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. 3300 units in 2017 Launching over 4000 units in 2017 Estimated net profit in 2017*: PLN 105M Significant increase in net profit in 2018 Start of activities in Wroclaw or Cracow Maintain the level of the land bank Continuation of dividend policy * Attributable to equity holders of the parent 22
New shares issuance: Expansion in Wroclaw or Cracow Size of the offer: 10% of share capital, Exclusion of pre-emptive rights of current shareholders, Priority for shareholders holding over 1% of shares of the Company, The purpose of the issuance: raising funds for expansion in Wroclaw or Cracow, Shares issuance price: 3 PLN per share Raised funds: app. 79M PLN 23
Investments in 2017* Introduced for sale in 2017 Construction's start in 2017 Total 4 335 4 150 Construction Project Stage Number of units Start End Osiedle Kameralne II (7) 2 112 0 112 2Q 2017 3Q 2018 Green Mokotów Residence (1b) 1b 93 0 93 3Q 2017 3Q 2018 Stages introduced for sale as of 30 June 2017 Green Mokotów Residence (5) 5 111 0 111 1Q 2017 3Q 2018 Morenova (R2,R3) 2 227 0 227 1Q 2017 1Q 2018 Stacja Nowy Ursus (DE) 2 103 0 103 3Q 2017 3Q 2018 Stacja Nowy Ursus (FGH) 3 245 0 245 1Q 2017 4Q 2017 Young City 2 (AB) 1 211 0 211 4Q 2017 2Q 2019 Zajezdnia Wrzeszcz (C,D) 2 237 0 237 3Q 2017 4Q 2018 Nowa Letnica 1 133 0 133 1Q 2017 2Q 2018 Nowa Letnica 2 105 0 105 2Q 2017 3Q 2018 Forum Wola (2) 1 160 0 160 3Q 2017 4Q 2018 Construction's start in 2017, introduced for sale in 2016 1 737 0 1 737 Construction Project Stage Number of units Start End Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D3, D4) 22 192 192 192 3Q 2017 4Q 2018 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D5, D6) 23 135 135 135 4Q 2017 4Q 2018 Słoneczna Morena (C) 20 8 8 8 2Q 2017 1Q 2018 Słoneczna Morena (D1, D2, D3) 21 6 6 6 1Q 2017 1Q 2018 Green Mokotów Residence 6 73 73 73 3Q 2017 4Q 2018 Green Mokotów Residence 7 56 56 56 4Q 2017 4Q 2018 Morenova (R1) 3 105 105 105 4Q 2017 4Q 2018 Stacja Nowy Ursus 4 227 227 227 3Q 2017 4Q 2018 Young City 2 2 58 58 58 3Q 2017 4Q 2018 Young City 2 3 323 323 323 4Q 2017 2Q 2019 Young City 3 1 159 159 159 4Q 2017 1Q 2019 Zajezdnia Wrzeszcz (G) 3 228 228 228 4Q 2017 2Q 2019 Nowa Letnica (4) 3 111 111 111 2Q 2017 3Q 2018 Nowa Letnica (3) 4 121 121 121 3Q 2017 4Q 2018 Nowa Letnica 5 110 110 110 3Q 2017 4Q 2018 Nowa Letnica (Kindrgarden) KG 1 1 1 4Q 2017 4Q 2018 Forum Wola (1) 2 142 142 142 3Q 2017 4Q 2018 Ogrody Wilanów 1 71 71 71 4Q 2017 4Q 2018 Osiedle Życzliwa Praga 1 94 94 94 3Q 2017 4Q 2018 Osiedle Życzliwa Praga 2 193 193 193 4Q 2017 1Q 2019 Construction's start in 2017, introduced for sale in 2017 2 413 2 413 2 413 Construction Project Stage Number of units Start End Green Mokotów Residence 4 80 80 0 1Q 2018 1Q 2019 Green Mokotów Residence 8 76 76 0 1Q 2018 2Q 2019 Osiedle Kameralne (3) 6 144 144 0 1Q 2018 2Q 2019 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D7) 24 108 108 0 1Q 2018 2Q 2019 Young City 3 2 109 109 0 1Q 2018 2Q 2019 Stacja Nowy Ursus 5 263 263 0 1Q 2018 1Q 2019 Zajezdnia Wrzeszcz 4 115 115 0 2Q 2018 3Q 2019 Nowa Letnica 6 374 374 0 1Q 2018 3Q 2019 Podskarbińska 1 127 127 0 1Q 2018 2Q 2019 Osiedle Życzliwa Praga 3 152 152 0 1Q 2018 3Q 2019 Forum Wola (3) 3 374 374 0 1Q 2018 2Q 2019 Planned construction's start in 2018, introduction for sale in 2017 1 922 1 922 0 * Estimation of the planned investments may change. 24
Land bank* Total land bank 12 220 units + 2 215 units on offer = 14 435 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 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. 25
Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 26
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 27
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 28
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 29
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 Albatorss 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 30
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 31
Description of investments- under construction (1) Lawendowe Wzgórza/ Stacja Nowy Gdańsk City: Gdańsk District: Jasień No. of stages: app. 41 Stages completed: 15 Stages under construction*: 7 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: 2 Stages under construction*: 1 No. of units: app. 4000 units (completed: 1412 units) app. 188.1 thousand sqm Q3 2009 Planned completion date: Q3 2025 No. of units: app. 2015 units (completed: 1474 units) app. 109.8 thousand sqm Q4 2009 Planned completion date: Q3 2019 *Including stages in presale which construction has not begun yet (as at 30 June 2017). No. of units: app. 550 units (completed: 243 units) app. 31.5 thousand sqm Q4 2010 Planned completion date: Q2 2019 32
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 Mila Baltica City: Gdańsk District: Zaspa No. of stages: 2 Stages completed: 1 Stages under construction*: 1 No. of units: app. 280 units (completed: 128 units) app. 14.9 thousand sqm Apartamenty Villa Nobile City: Warsaw District: Wilanów No. of stages: 3 Stages completed: 1 Stages under construction*: 2 No. of units: app. 635 units (completed: 170 units) app. 39.1 thousand sqm Q3 2015 Planned completion date: Q2 2019 Q3 2015 Planned completion date: Q3 2017 *Including stages in presale which construction has not begun yet (as at 30 June 2017). Q1 2016 Planned completion date: Q4 2017 33
Description of investments- under construction (3) MoreNova City: Gdańsk District: Piecki-Migowo No. of stages: 3 Stages under construction*: 3 Green Mokotów City: Warsaw District: Mokotów No. of stages: 11 Stages under construction*: 6 Stacja Nowy Ursus City: Warsaw District: Ursus No. of stages: 5 Stages completed: 1 Stages under construction*: 2 No. of units: app. 510 units app. 25.3 thousand sqm Q2 2016 Planned completion date: Q4 2018 No. of units: app. 755 units app. 50.0 thousand sqm Q2 2016 Planned completion date: Q2 2019 *Including stages in presale which construction has not begun yet (as at 30 June 2017). No. of units: app. 980 units (completed: 144 units) app. 48.2 thousand sqm Q2 2016 Planned completion date: Q1 2019 34
Description of investments- under construction (4) Zajezdnia Wrzeszcz City: Gdańsk District: Wrzeszcz No. of stages: 8 Stages under construction*: 3 No. of units: app. 1430 units app. 72.6 thousand sqm Nowa Letnica City: Gdańsk District: Letnica No. of stages: 10 Stages under construction*: 4 No. of units: app. 2500 units app. 116.6 thousand sqm Forum Wola City: Warsaw District: Wola No. of stages: 4 Stages under construction*: 2 No. of units: app. 920 units app. 50.8 thousand sqm Q4 2016 Planned completion date: Q3 2021 Q1 2017 Planned completion date: Q3 2021 *Including stages in presale which construction has not begun yet (as at 30 June 2017). Q3 2017 Planned completion date: Q1 2020 35
Description of investmentson offer which construction has not started Young City 2 City: Warsaw District: Bemowo No. of stages: 3 Stages in presale: 3 No. of units: app. 590 units app. 29.9 thousand sqm Q3 2017 Planned completion date: Q2 2019 Ogrody Wilanów City: Warsaw District: Wilanów No. of stages: 3 Stages in presale: 1 No. of units: app. 220 units app. 10.9 thousand sqm Q4 2017 Planned completion date: Q3 2019 Osiedle Życzliwa Praga City: Warsaw District: Tarchomin No. of stages: 5 Stages in presale: 1 No. of units: app. 850 units app. 37.5 thousand sqm Q3 2017 Planned completion date: Q4 2019 36
Presale: Investments under construction on offer - Warsaw (1) Units under construction on offer (Warsaw): 1186 in 9 stages Incl. presold units as at 30 June 2017: 902 (76%) Stacja Nowy Ursus Stage: 2 245 units Planned completion date: Q4 2017 11,776 sqm Location: Ursus Apartamenty Villa Nobile Stages: 2, 3 468 units Planned completion date: Q4 2017, Q4 2017 28,952 sqm Location: Wilanów Presold: 121 49% Presold: 449 96% 37
Presale: Investments under construction on offer - Warsaw (2) Units under construction on offer (Warsaw): 1186 in 9 stages Incl. presold units as at 30 June 2017: 902 (76%) Osiedle Kameralne Stage: 3 40 units Planned completion date: Q3 2017 2,273 sqm Location: Bemowo Osiedle Kameralne II Stage: 2 112 units Planned completion date: Q3 2018 5,777 sqm Location: Bemowo Presold: 28 70% Presold: 81 72% 38
Presale: Investments under construction on offer - Warsaw (3) Units under construction on offer (Warsaw): 1186 in 9 stages Incl. presold units as at 30 June 2017: 902 (76%) Green Mokotów Stages: 1a, 2, 3, 4 321 units Planned completion date: Q4 2017, Q3 2017, Q4 2017, Q3 2018 20,412 sqm Location: Mokotów Presold: 223 69% 39
Presale: Investments under construction on offer - Gdańsk (1) Units under construction on offer (Gdańsk): 2094 in 15 stages Incl. presold units as at 30 June 2017: 1701 (81%) Lawendowe Wzgórze/ Stacja Nowy Gdańsk Stages: 16, 17, 18, 19, 20 481 units Planned completion date: Q3 2017, Q4 2017, Q4 2017, Q1 2018, Q1 2018 20,632 sqm Location: Jasień Słoneczna Morena Stages: 18, 19, 20 501 units Planned completion date: Q1 2018, Q2 2018, Q1 2018 26,514 sqm Location: Piecki-Migowo Presold: 477 99% Presold: 300 60% 40
Presale: Investments under construction on offer - Gdańsk (2) Units under construction on offer (Gdańsk): 2094 in 15 stages Incl. presold units as at 30 June 2017: 1701 (81%) Mila Baltica Stage: 2 152 units Planned completion date: Q3 2017 7,889 sqm Location: Zaspa MoreNova Stages: 1, 2 404 units Planned completion date: Q3 2017, Q1 2018 19,706 sqm Location: Piecki-Migowo Presold: 152 100% Presold: 326 81% 41
Presale: Investments under construction on offer - Gdańsk (3) Units under construction on offer (Gdańsk): 2094 in 15 stages Incl. presold units as at 30 June 2017: 1701 (81%) Zajezdnia Wrzeszcz Stage: 1 207 units Planned completion date: Q4 2017 10,053 sqm Location: Wrzeszcz Nowa Letnica Stages: 1, 2, 3 349 units Planned completion date: Q2 2018, Q3 2018, Q3 2018 16,063 sqm Location: Letnica Presold: 182 88% Presold: 264 76% 42
Presale: Investment on offer which construction has not started yet: Warsaw (1) Units on offer which construction has not started yet (Warsaw): 1328 in 10 stages Forum Wola Stages: 1, 2 302 units Planned start date: Q3 2017, Q3 2017 Planned completion date: Q4 2018, Q4 2018 18,210 sqm Location: Wola Green Mokotów Stages: 1b, 5 166 units Planned start date: Q3 2017, Q3 2017 Planned completion date: Q3 2018, Q4 2018 11,019 sqm Location: Mokotów Presold: 167 55% Presold: 25 15% 43
Presale: Investment on offer which construction has not started yet: Warsaw (2) Units on offer which construction has not started yet (Warsaw): 1328 in 10 stages Young City 2 Stages: 1, 2, 3 592 units Planned start date: Q4 2017, Q3 2017, Q4 2017 Planned completion date: Q2 2019, Q4 2018, Q2 2019 29,932 sqm Location: Bemowo Stacja Nowy Ursus Stage: 3 103 units Planned start date: Q3 2017 Planned completion date: Q3 2018 5,307 sqm Location: Ursus Presold: 220 37% Presold: 28 27% 44
Presale: Investment on offer which construction has not started yet: Warsaw (3) Units on offer which construction has not started yet (Warsaw): 1328 in 10 stages Ogrody Wilanów Stage: 1 71 units Planned start date: Q4 2017 Planned completion date: Q4 2018 3,255 sqm Location: Wilanów Osiedle Życzliwa Praga Stage: 1 94 units Planned start date: Q3 2017 Planned completion date: Q4 2018 3,984 sqm Location: Tarchomin Presold: 28 39% Presold: 2 2% 45
Presale: Investment on offer which construction has not started yet: Gdańsk (1) Units on offer which construction has not started yet (Gdańsk): 1018 in 6 stages Zajezdnia Wrzeszcz Stages: 2, 3 465 units Planned start date: Q3 2017, Q4 2017 Planned completion date: Q4 2018, Q2 2019 23,804 sqm Location: Wrzeszcz Nowa Letnica Stage: 4 121 units Planned start date: Q3 2017 Planned completion date: Q4 2018 5,954 sqm Location: Letnica Presold: 219 47% Presold: 43 36% 46
Presale: Investment on offer which construction has not started yet: Gdańsk (2) Units on offer which construction has not started yet (Gdańsk): 1018 in 6 stages Lawendowe Wzgórze/ Stacja Nowy Gdańsk Stages: 22, 23 327 units Planned start date: Q3 2017, Q4 2017 Planned completion date: Q4 2018, Q4 2018 14,982 sqm Location: Jasień Presold: 122 37% MoreNova Stage: 3 105 units Planned start date: Q4 2017 Planned completion date: Q4 2018 5,623 sqm Location: Piecki-Migowo Presold: 15 14% 47
Ownership structure Oscar Kazanelson & Managing Team 10.18% 10,18% PZU OFE 8.26% Others 38.21% 38,21% 8,26% 7,50% Aegon OFE 7.50% 8,64% Aviva OFE 8.64% BZ WBK TFI S.A. 5.25% 5,25% 7,46% Nationale- Nederlanden OFE 7.46% 7,97% 6,53% PKO BP Bankowy OFE 7.97% Generali OFE 6.53% *According to Interim Condensed Consolidated Financial Statements for 6 months ended 30 June 2017 48
HIGHTLIGHTS Please contact us: Investor Relations ROBYG SA e-mail: ri@robyg.com.pl tel. (22) 419 11 00 H1 2017 * Including amounts kept on individual escrow accounts and in Mutual Funds. 49