Romreal Ltd. · OSL:ROM
Romreal — Q4 2022 Earnings Presentation
13 slides from Romreal's earnings presentation, Feb 24, 2023
Slide 1: RomReal Limited Investor presentation Q4 2022 results
RomReal Limited Investor presentation Fourth Quarter (Q4) 2022 results Kjetil Gronskag 24 February 2023 This Presentation of the Q4 2022 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2022 Report which is filed on E
Slide 2: Contents
Contents Q4 2022 highlights 3-4 NAV movement in Q4 2022 5 Financial highlights 4Q.22 – IFRS 6 RomReal Properties per 4Q 2022 7 Operational highlights 8 Romania Macro Developments 9 Apartment Price Development 10 RomReal shareholders 11 Outlook 12 Contact details 13 RomReal Limited – Fourth quarter 2
Slide 3: Q4 2022 results – Highlights
Q4 2022 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.40 (NOK 4.15, before any tax) per share, a decrease of 5.2% measured in EUR from the end of the third quarter 2022 according to Colliers Romania. Operational highlights • During the fourth quarter of 2022, the Company sol
Slide 4: Q4 2022 results – Highlights
Q4 2022 results – Highlights Financial Results • Net Result for the quarter was a loss of EUR 886,000, compared to a EUR 931,000 profit in 4Q 2021. Net change in cash flow for the quarter was a positive EUR 277,000 compared to positive of EUR 226,000 in the same period last year. This was mainly due
Slide 5: NAV movement in Q4 2022
NAV movement in Q4 2022 Asset base Q4 2022 Q3 2022 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,270 0.05 0.58 2,094 0.05 0.53 property Assets held for 2,128 0.05 0.54 2,480 0.06 0.63 sale Inventories 5,719 0.14 1.45 6,544 0.16 1.67 Cash 4,098 0.10 1.04 3,821 0.09 0.97 Oth
Slide 6: Financial highlights 4Q.22 - IFRS
Financial highlights 4Q.22- IFRS EUR '000 Q4 2022 Q4 2021 Operating Revenue 773 1,079 Operating Expenses (982) 987 Other operating income/ (expense), net (739) (1,127) Net financial income/(cost) 42 45 Pre-tax result (907) 984 Result for the period (886) 931 Total assets 16,856 17,986 Total liabilit
Slide 7: RomReal Properties Q4 2022
RomReal Properties Q4 2022 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 2,764 2 Badulescu plot Constanta North/Ovidiu 50,000 3 Ovidiu (Oasis) Constanta North/Ovidiu 23,103 4 Centrepoint Constanta North/Ovidiu 121,672 5 Gunaydin plot Constanta North/Ovidiu 15,000 6 Balada Mar
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – The Company has not made any sales this quarter. Street and utilities have been delivered to the City Hall for public use according to agreement. The City Hall has delivered the utilities to the water company during February 2023. RomReal is mar
Slide 9: Romanian Macro development
Romanian Macro development • The Romanian economy advanced 4.6% year-on-year in the fourth quarter of 2022, accelerating from 3.8% growth in the 3rd quarter, a preliminary estimate from INS showed. It was the seventh straight quarter of GDP expansion. On a 2022 full year basis, the GDP grew by 4.8%,
Slide 10: Apartment Price Development (End December 22)
Apartment Price Development (End December 22) • Asking prices for apartments and houses in Romania decreased by 1.35% in the fourth quarter of 2022 compared the third quarter of 2022 (EUR 1,705/m2 to EUR 1,682/m2 at the end of 4Q 2022). • In Constanta, average prices increased by 0.21% during the fo
Slide 11: RomReal shareholders as at 17/02/2023
RomReal shareholders as at 17/02/2023 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,913,006 14.29% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 17 February 2023. 4 SAGA EIENDOM AS 3,386,636 8.19% 5 AUSTBØ, EDVIN 2,108,500 5.10%
Slide 12: Outlook
Outlook • Both the CPI and GDP growth in Romania is expected fall during 2023 with a modest improvement in 2024. • RomReal is in a relatively strong financial position with zero external debt. The weakening macro fundamentals have already resulted in a slower sales progress of the remaining projects
Slide 13: Thank you
Thank you Investor Relations Kjetil Gronskag +40 731123037 | [email protected] 16 Burnaby Street, Hamilton HM11, Bermuda For further information on RomReal, including presentation material relating to this interim report and financial information, please visit www.romreal.com DISCLAIMER The info