Duna House : Quarterly measures of Duna House Group for Q4 2021

Quarterly measures 2021 Q4

7 January 2022

Quarterly measures

DUNA HOUSE GROUP hereby publishes financial indexes that are available for the given quarter aforehand, thus our respected shareholders and investors are given the chance to receive information on the tendencies within a short time following the expiry of the given quarter - prior to the quarterly financial statements publicly disclosed according to the Company's Event Calendar.

In accordance with Management intentions, these indexes shall be published on a regular basis, no later than on the 5. working day following the given quarter.

The Management of the Company asks its shareholders and investors to note that all indexes published in the present report are to be considered preliminary. Final figures shall be published in the quarterly financial statement.

Budapest, 7 January 2022

Table of Contents

Executive summary	p.4.
Changes in network commission revenues and office numbers	p.5.
Hungarian property market trends based on DH-Barometer	p.6.
Changes in own office commission revenues and office numbers	p.7.
Changes in intermediated loan volumes	p.8.

EXECUTIVE SUMMARY

Diversified growth in all segments

Duna House Group reached record volume levels in Q4 2021. Franchise real estate brokerage grew by 29%, own office real estate brokerage by 39% and loan brokerage by 74% on a year-on-year basis.

In Hungary, the residential real estate market performed in H1 2021 at levels unseen in the last 10 years, which was followed by a more relaxed second semester. The year closed with a particularly strong December and the Group estimates that the market reached the usual pre-COVID level of 150 thousand annual transactions. The Group's Hungarian franchise real estate brokerage network grew by 29% YoY in Q4 2021, reaching a total commission volume of HUF 2.7 billion. The volume of own offices soared by 90%. Loan volumes increased by 13%.

In Poland, the market eased following the strong summer period, nevertheless the Polish subsidiaries reached strong YoY growth. The commission income of the Polish franchise network reached HUF 936 million with annual growth of 33%. The Polish own offices outperformed Q4 2020 by 11%. In loan brokerage, Duna House Group's financial intermediary business in Poland grew by an outstanding 102%. 25% of the loan volumes are generated via the network expansion launched earlier.

Besides the two largest markets of the Group, the Czech operations had significant performance reaching YoY growth of 19% in own office real estate volumes.

The Group has signed an investment agreement regarding the acquisition of the Italian HGroup on 10 December 2021. The transaction is expected to close by 14 January 2022. The volume and financial figures of the Italian entities are expected to be presented already in the Q1 2022 reports.

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FRANCHISE SEGMENT

Changes in network commission revenues and office numbers

Commission revenues for the entire network*

		2,872		3,386		3,541		3,488
	3,500		93	112	113
	3,000	131	816	977	975
million	2,500
703
2,000
HUF	1,500		2,477	2,452
1,000	2,038	2,400

3,703

134	• Following the weaker summer period, the franchise real estate
brokerage network generated record level commissions of HUF
936	3.7 billion (+28.9% YoY).
• Commission volumes grew by 29.2% on a year-on-year basis
	in Hungary and 33.1% in Poland. Growth rates of Poland lag
	the levels seen in the earlier quarters of 2021 primarily due
2,633	demand pausing on the very dynamic previous price increases.

500

0

2020 Q4

2021 Q1

2021 Q2

2021 Q3

Hungary

Poland

Czech Republic

*total revenue realized as a result of property market transactions intermediated by Duna House Holding franchise networks altogether Note: Quarterly volume figures have been restated for the past periods after the correction of a non-material technical mistake.

Development in network office numbers

300		250			252			258			261
						1		1
250	2		1
200	83		86		90		96
150
100	165		165		167		164
50
0

2021 Q4

260

1

97

162

• In the Czech Republic, volumes increased by 2.6%. Due to its relatively small size, the performance of the Czech own office can fluctuate significantly between quarters.

• The number of offices decreased by two in Hungary and increased by one in Poland.

31.12.2020	31.03.2021	30.06.2021	30.09.2021
			Hungary			Poland		Czech Republic

31.12.2021

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