Develia S A : Investor's report DEVELIA Group 2021
April 31, 2022
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PRESENTATION FOR INVESTORS
March 2021
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Develia Group - Summary 2021
➢ Housing sector
✓ 1,921 premises sold in 2021 vs 1,361 in 2020
✓ 1,903 premises delivered in 2021 vs 1,153 in 2020
✓ 1,985 new premises on the 2021 offer vs 1,278 in 2020
✓ 173 reservation agreements as at the end of Q4 2021
➢ Commercial segment
✓
Sales and purchase agreement for the disposal of Sky Tower signed by Develia on 15 March 2022
✓ Letter of intent signed and negotiations over the disposal of the "Arkady Wrocławskie"
building opened on 4 February 2022
✓
The "Wola Retro" building prepared for disposal, commercialisation level standing at 86%
➢ Develia Group - 2021 Performance
✓ Gross margins on sales in the development segment of 28,8%
✓ Consolidated net profit of PLN 153,9 m vs net loss PLN -138,8 m (2020)
✓ Consolidated net profit adjusted for total revaluation settled through profit or loss PLN 156,8 m vs PLN 99 m (2020)
Agenda
1. Market situation
2. Housing sector
3. Commercial real property
4. Financial Data
5. Strategy implementation
6. Attachments
1.
Market situation
Housing market
▪ 2021 saw 58,100 flats made available for sale. In Q4 2021, 14,700 premises were made available for sale, meaning a 7% increase compared to the previous quarter and 21% more than in the preceding year.
▪ In aggregate, given the six largest domestic markets, 2021 observed the sale of 69,000 flats, by 30.2% more than in 2020
▪ Q4 2021 saw the sale of 15,000 flats - similarly to Q3 2021
▪ In Q4 2021, as well as over the entire year 2021, a rapid increase in flat prices could be observed, which were going up faster than rising inflation.
▪ Compared to the previous quarter, the largest increase in average prices of flats on the primary housing market was reported in Warsaw (6%) and Łódź (4%).
▪ Given yearly figures, i.e. compared to the levels recorded in Q4 2020, the biggest increase in flat prices was seen in Łódź (21%), Warsaw (17.9%), Wrocław (16%) and Poznań (16%)
Flats for sale and sold yearly compared with the offer
20 000
NUmberofunits
18600
17500
17600
17500
17500
16400
18900
18400
16100
19200
16000
16600
16900
16500
16100
17600
17600
18900
14900
15600
15500
14200
14900
15100
10 000
0
14500
13000
13000
13300
12100
13900
10500
6900
Flats for sale
Flats sold
Average prices of flats on the primary housing market
13900
19500 19500
15800
13800 15000
14700 15000
Attachments
Original Link
Original Document
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Disclaimer
Develia SA published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 09:01:04 UTC.
Develia SA, formerly known as LC Corp SA, is a Poland-based holding company engaged in the real estate development operations. It is involved in the acquisition, management, rental and sale of commercial and residential properties located in such Polish cities as Warsaw, Wroclaw, Krakow, Lodz, Gdansk and their surroundings. Its main development projects in the commercial properties area include Arkady Wroclawskie shopping and retail complex in Wroclaw, as well as an office complex, Wola Center in Warsaw. In the area of residential investment it develops apartments houses Przy Promenadzie, Rezydencja Kaliska and Powstancow 33 in Warsaw; Maestro and Vratislavia Residence in Wroclaw; Debowa Ostoja in Lodz; as well as Niepolomicka and Srebrena in Gdansk. The Company owns 99.95% stake in LC Corp Invest XV Sp z o o Investments SKA. and 100% stake in Sky Tower SA, in the the Netherlands.
DEVELIA S.A. 
