Develia S.a. · GPW:DVL
Develia — LC — Q4 2007 Earnings Presentation
12 slides from Develia's earnings presentation, Feb 27, 2008
Slide 1: LC Corp S.A. Group Quarterly Report
LC CORP S.A. Group QUARTERLY REPORT for the period ended December 31st 2007 Warsaw, February 27th 2008 http://www.lc c.pl 1
Slide 2: Consolidated financial result
Consolidated financial result forecast PLN'000 Q4'06 Q4'07 2006 2007 2007 Sales revenue 1 338 10 401 5 955 34 390 Gross profit (loss) on sales 963 6 739 2 540 19 738 Gross profit (loss) (2 107) 3 638 (6 370) 133 091 Net profit (loss) (1 868) 4 530 (5 514) 106 016 104 200 GROSS FINANCIAL RESULT ON SA
Slide 3: Company Assets
Company Assets PLN'000 2006 Q1'07 Q2'07 Q3'07 2007 A. Fixed assets 279 510 54,7% 327 515 51,5% 374 097 28,3% 518 314 34,3% 499 621 32,5% B. Working assets 221 173 43,3% 298 298 46,9% 947 498 71,7% 990 823 65,7% 1 036 662 67,5% C. Assets for sale 10 108 2,0% 9 947 1,6% 0 0,0% 0 0,0% 0 0,0% TOTAL 510
Slide 4: Sources of Funding: Equity and Liabilities
Sources of Funding Equity and Liabilities PLN'000 2006 Q2'07 Q3'07 Q4'07 2007 A. Equity 290 877 56,9% 368 875 58,0% 787 038 59,6% 889 223 58,9% 897 084 58,4% B. Long - term liabilities 152 653 29,9% 196 115 30,8% 266 949 20,2% 290 366 19,2% 342 065 22,3% C. Short - term liabilities 67 261 13,2% 70 7
Slide 5: Selected financial ratios; Shareholding structure
Selected financial ratios; Shareholding structure Selected financial ratios Dynamics of book value per share RATIO Q1'07 Q2'07 Q3'07 2007 2,50 1,99 2,01 1,76 P/E - -2 570,27 16,22 11,16 2,00 EPS -0,004 -0,002 0,259 0,271 1,11 2007 1,50 3Q'07 ROA -0,20% -0,06% 6,72% 6,90% 2Q'07 ROE -0,34% -0,10% 11,4
Slide 6: Major achievements of the Company
Major achievements of the Company Grand opening of Centrum Handlowe Arkady Wrocławskie Debut on the Warsaw Stock Exchange I - II Q'07 Takeover of the Europlan developer group Purchase of land for the projects including Korona Apartments (Warsaw), Zielony Złocień housing estate(Kraków) Non-public Bon
Slide 7: Regionalization of investments
Regionalization of investments 1372 flats NUMBER LAND LOCATION OF [SQ.M.] INVESTMENTS GDAŃSK 2 199 000 780 flats KATOWICE 2 113 720 416 flats KRAKÓW 1 102 314 ŁÓDŹ 2 95 597 1625 flats WARSZAWA 4 51 393 1254 flats WROCŁAW 3 1 735 986 TOTAL 14 2 298 010 1658 flats TOTAL NUMBER OF FLATS 7 105 http://ww
Slide 8: Investment portfolio
Investment portfolio USABLE CAPEX COMPLETION DATE RESID. [PLN'000] [years] AREA sq.m. COMPLETED INVESTMENTS 103 900 364 644 WROCŁAW ARKADY WROCŁAWSKIE 103 900 364 644 Building in occupancy INVESTMENTS IN PROGRESS 236 269 1 721 151 WARSZAWA PRZY PROMENADZIE ETAP I i II 42 890 202 982 2006 2009 WROCŁA
Slide 9: Completion of sales process
Completion of sales process OSIEDLE PRZY PROMENADZIE stage I total sold FLATS, TOTAL 235 235 100,0% 1 - room 26 26 100,0% 2 - room 79 79 100,0% 3 - room 112 112 100,0% STAGE IA 4 - room 17 17 100,0% 5 - room 1 1 100,0% parking space 246 245 99,6% STAGE IB INVESTMENT ADVANCE LEVEL : 90% COMPLETION OF
Slide 10: Directions of the Company's development
Directions of the Company’s development COMPLETION OF PROJECTS IN POLAND’S MAJOR AGGLOMERATIONS UNIQUE PROJECTS FOR STRICTLY DEFINED T ARGET GROUP HIGH STANDARD OF FLATS IN ATTRACTIVE LOCATIONS PROJECTS WITH HIGH RATE OF RETURN BARGAIN ACQUISITIONS OF INVESTMENTS IN PROGRESS CREATION OF LAND BANK WI
Slide 11: Transparency and professional approach to business
Transparency and professional approach to business VALUAT ION AND ANALYSIS OF REAL EST ATE MARKET CB RICHARD ELLIS POLSKA Sp. z o.o. REAS Sp. z o.o. INVESTMENT CONSULTING EPSTEIN Sp. z o.o. MACE POLSKA Sp. z o.o. GENERAL CONTRACTOR ERBUD S.A. LEGAL ADVICE LINKLATERS, T. Komosa i Wspólnicy Sp. kom. D
Slide 12: Summary
Summary 106106 VERY GOOD FINANCIAL RESULTS (IN LINE WITH FORECAST) PLN 016 016 [PLN’000] TRANSPARENT ASSETS PORTFOLIO ENSURING COMPLETION OF PLANNED INVESTMENTS IN 5-YEAR 5 - YEAR PERSPECTIVE VERY GOOD RATES OF THE GROUP’S PROFIT ABILITY ROE 11,82% 11.74% ROA ROA 6,90% 6.86% EPS PLN 0,27 0.27 CONSIS