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

Transcription

1 WE BUILD BEYOND EXPECTATIONS SUMMARY OF RESULTS FOR I - III QUARTERS OF ND NOVEMBER 2017

2 OUR ACHIEVEMENTS IN I III QUARTERS OF 2017: Financial results Consolidated net profit attribute to equity holders of the parent: PLN million juxtaposed to PLN 86.5 million for the previous year (increase by 53.4% year over year) Consolidated net profit: PLN million (increase by 53,8% year over year) Consolidated sale revenues: PLN million juxtaposed to PLN milion in the previous year (increase by 43.6% year over year) Very high indexes of profitability of the Group, including: gross margin on sales: 29.1%, net margin: 21.3%, 2

3 OUR ACHIEVEMENTS IN I III QUARTERS OF 2017: Sale results, new and finalized investments Great sale: 2041 flats increase by 16% year over year Increase of transfers: 1691 flats 34% increase year over year Land expenses in I III quarters 2017: PLN million on a net basis Introduction to sale of 14 investments (2185 flats) End of construction works of 12 investments (1798 flats) 3

4 FORECASTS FOR 2017 Net profit ascribed to stockholders of the parent company: PLN million 75% accomplishment Conclusion of contracts (presales): flats 75% accomplishment Transfers: flats 68% accomplishment Transfers of flats will concern mainly projects finished in the year 2017 (approximately 90%), however, the revenues will also be influenced by flats from transfers belonging to projects finished in previous periods (approximately 10%) The biggest amount of transfers in expected to take place in Cracow and Warsaw (approximately 30% in each case), then in Wrocław (approximately 15%), as well as Łódź and Katowice (approximately 8-10% in each case) Finalization of 20 development projects 4

5 TRANSFERS IN I III QUARTERS OF 2017 Number of transferred flats as divided between cities Transfers in I III quarters of 2017 City Total saleable area (TSA) Apartments/ Service premises Wrocław; 259 Katowice; 261 Warsaw Cracow Katowice Wrocław stan na r. Łódź Warsaw; 501 Cracow; 506 JOINTLY Łódź; 164 5

6 TRANSFERS Number of transferred flats in years % TSAs 30.7 thou. square metres 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 73.1 thou. square metres TSAs 98.5 thou. square metres Q Q

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

8 POTENTIAL OF TRANSFERS IN 2017 PROJECTS IN REALIZATION Name of the investment City TSA (apartm.+ serv. pr.) Number of flats Number of flats sold** Investments highlighted grey are already finished Number of flats not transferred as at from investments finalized up to III quarter 2017: 529, including: Number of flats not transferred as at from investments finalized before : 143 Date of finalization ATAL Towers I Wrocław I q Oaza Wilanów II Warsaw I q Francuska Park III Katowice I q Chojny Park II Łódź I q Bronowice Residence V Cracow I q Bagry Park II Cracow II q Lazurowy Park Bronowice I Cracow II q Lazurowy Park Bronowice II Cracow II q ATAL Marina Apartamenty II Warsaw II q Francuska Park IV Katowice II q Oaza Wilanów III Warsaw III q ATAL Nowe Żerniki I Wrocław III q Dmowskiego 19 II Wrocław IV q Bagry Park IV Cracow IV q Bajeczna Apartamenty I Cracow IV q Wielicka Garden I Cracow IV q Chojny Park Domy Łódź IV q Bagry Park III Cracow IV q Bagry Park V Cracow IV q ATAL Marina Apartamenty III Warsaw IV q. 2017* JOINTLY ATAL S.A. We build beyond expections * The transfers may take place at the turn of 2017 and 2018 ** Number of signed development contracts as at

9 POTENTIAL OF TRANSFERS IN 2018 PROJECTS IN REALIZATION Name of the investment City TSA (apartm.+ serv. pr.)) Number of flats Number of flats sold** Date of handing over ATAL Towers II Wrocław I kw Nowy Targówek I Warszawa I kw Nowy Targówek II Warszawa I kw Pomorska Park I Łódź I kw ATAL Marina Apartamenty IV Warszawa II kw ATAL Residence Zabłocie I Kraków II kw ATAL Malta Poznań II kw Apartamenty Przybyszewskiego 64 I Kraków II kw Nowa Grobla Apartamenty Gdańsk III kw ATAL Residence Zabłocie II Kraków III kw Nowe Miasto Różanka I A Wrocław IV kw Nowy Targówek III Warszawa IV kw ATAL Nowe Żerniki II Wrocław IV kw Zbożowa 2A Apartamenty Kraków IV kw Wielicka Garden II Kraków IV kw JOINTLY * Number of signed development contracts as at

10 POTENTIAL OF PLANNED PROJECTS POTENTIAL OF TRANSFERS (projects launched and being prepared to be launched in years ) City Number of projects / stages Planned TSA Number of flats (projection) Tri-City Wrocław Warsaw Katowice Łódź Cracow Poznań JOINTLY

11 NEW LANDS Means destined for purchase of land in years 2012 Q (in PLN million) Q 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 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 I III quarter of 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 thou. square metres Average price of purchase of usable area was PLN 771/ square meter. 11

12 SALE OF FLATS Number of flats sold as divided for quarters Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Annual number of flats sold

13 SALE OF FLATS Number of flats sold as divided for months of

14 SALE OF FLATS Number of flats sold: I-III q vs I-III q and division for cities (I-III q. 2017) +16% 2041 Poznań; 53 Katowice; Wrocław; 412 TriCity 144 Cracow; 507 Q Q Warsaw; 434 Łódź; 259 Number of flats sold compared to competitors (I III q. 2017)

15 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 Koszty ogólnego zarządu/przychody costs of sale/revenues 1.89% 1.55% 2.03% 1.63% Q Q Q Q

16 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. 16

17 FINANCIAL RESULTS Gross margin on sale Net margin 32.30% 23.70% 20.90% 18.40% 20.00% 21.30% 27.70% 27.00% 27.50% 29.10% Q Q Q Q Cost of sale of products, goods and materials as % of revenues Financial costs as % of revenues 72.30% 73.00% 72.50% 70.90% 3.10% 2.02% 67.70% 0.70% 1.15% 1.16% Q Q Q Q

18 FINANCIAL RESULTS COMPARED TO COMPETITORS Revenues from sale, net profit in I-III q (in PLN millions) and transfers , ATAL DOM DEVELOPMENT ROBYG profit revenue transfers

19 OFFER Number of flats offered in years (as at the end of Q and Q3 2017) Q Q * including 529 in finalized investments 19

20 SALE RESULTS Sale in I III q. of 2017: 2041 flats (more by 16% year over year) Record-breaking, in the history of ATAL, quarter sale in Q2 2017: 687 flats sold, mantained in Q flats In 2017 the intended sale comprises flats (up to X 2017: 2285 flats) At present 41 investments are in realization state as at the end of September 2017 At present in the offer: 2786 flats - state as at the end of September 2017 Sale launching: 14 new projects in

21 DIVIDEND POLICY The dividend policy within the scope of profit payout for 2016 Payment of dividend from 70% of the net profit of the Group from 2016 in the amount of PLN 1.68 for a share jointly about PLN 65 million 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

22 SCHEDULES 22

23 SHAREHOLDERS STRUCTURE Shareholders structure ALTUS TFI S.A. 5% Remaining stockholders 12% 0% Division of votes at the General Meeting Juroszek Investments sp. z o.o.* 83% ALTUS TFI S.A. 5% 0% Remaining stockholders 11% * Juroszek Investments Sp. z o.o. in which100% of shares is possessed by Zbigniew Juroszek, the founder and the president of the company. Juroszek Investments sp. z o.o.* 84% 23

24 THE MANAGEMENT BOARD Zbigniew Juroszek The President of the Management Board Founder and majority stockholder of ATAL S.A. He is responsible for determination of directions of development and realization of the adopted strategy in the entire ATAL Group 25 years of professional experience, including 15 years in property development branch Mateusz Juroszek The Vice-President of the Management Board He has been involved in ATAL S.A. for 9 years; He is responsible for planning of strategy of the Group, management of activity on Warsaw market and supervision over actions in the field of marketing, IR and PR 9 years of professional experience, including 9 years in property development branch 24

25 THE SUPERVISORY BOARD Grzegorz Minczanowski the Chairman of the Supervisory Board He leads commercial activity under his own name Kancelaria Biegłego Rewidenta Grzegorz Minczanowski He has economic university degree (University of Economics in Katowice) He has the powers of chartered accountant He has 17 years of professional experience The President of the Management Board of ZM Henryk Kania Krzysztof Ciołek the Deputy of the Chairman of the Supervisory Board He leads commercial activity under his own name Kancelaria Radcy Prawnego Krzysztof Ciołek He has a university degree (Jagiellonian University in Cracow law) He has the powers of legal counsel and tax advisor He has 16 years of professional experience Wiesław Smaza the Member of the Supervisory Board He is employed by the Company on the basis of the employment contract He has secondary education (General Secondary School) He has over 40 years of professional experience Piotr Gawłowski the Member of the Supervisory Board He leads commercial activity under his own name Projektowanie i nadzór budowlany ULMAR Piotr Gawłowski He has a university degree (Silesian University of Technology Faculty of Construction) He has over 30 years of professional experience Elżbieta Spyra the Member of the Supervisory Board She has a university degree at law, she graduated studies at the Faculty of Law and Administration of the University of Silesia in Katowice Furthermore, she has the powers of legal counsel and restructuring advisor. 25