Romreal Ltd. · OSL:ROM
Romreal — Q3 2019 Earnings Presentation
15 slides from Romreal's earnings presentation, Nov 22, 2019
Slide 1: RomReal Limited Investor presentation Q3 2019 results
RomReal Limited Investor presentation Third Quarter (Q3) 2019 results Harris Palaondas - IR Webcast 22 November 2019 This Presentation of the Q3 2019 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2019 Report which
Slide 2: Contents
Contents Q3 2019 highlights 3-4 NAV movement in Q3 2019 5 Financial highlights – IFRS 6 RomReal Properties per Q3 2019 7 Operational highlights 8-9 Romania Macro Developments 10 Romania Real Estate Update 11 Apartment Price Development 12 RomReal shareholders 13 Main focus areas going forward 14 Con
Slide 3: Q3 2019 results – Highlights
Q3 2019 results – Highlights Net Asset Value (NAV) • Net Asset value pre any tax was EUR 0.46 (NOK 4.55) per share, being 0.7% lower compared to the end of the second quarter 2019. • No further changes were made to the value of the investment properties during the quarter, other than the capitalizin
Slide 4: Q3 2019 results – Highlights
Q3 2019 results – Highlights Financial Results • Net Result for the quarter was EUR 238,000 loss compared to a EUR 18,000 loss in 3Q 2018. Operating cash flow for the quarter was a negative EUR 294,000 compared to minus EUR 284,000 in the same period last year. • At the end of the quarter, the Compa
Slide 5: NAV movement in Q3 2019
NAV movement in Q3 2019 Asset base Q3 2019 Q2 2019 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 11,287 0.27 2.69 10,776 0.26 2.57 property Assets held for 2,191 0.05 0.52 2,191 0.05 0.52 sale Inventories 2,492 0.06 0.59 2,492 0.06 0.59 Cash 2,490 0.06 0.59 3,191 0.08 0.76 O
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q3 2019 Q3 2018 Operating Revenue 43 559 Operating Expenses (152) (238) Other operating income/ (expense), net 46 (302) Net financial income/(cost) (171) (23) Pre-tax result (235) (4) Result for the period (238) (18) Total assets 19,572 20,800 Total liabilities 4
Slide 7: RomReal Properties Q3 2019
RomReal Properties Q3 2019 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 59,779 2 Badulescu plot Constanta North/Ovidiu 50,000 3 Ovidiu (Oasis) Constanta North/Ovidiu 24,651 4 Centrepoint Constanta North/Ovidiu 121,672 5 Gunaydin plot Constanta North/Ovidiu 15,000 6 Balada Ma
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – Works for implementing the roads and utilities commenced in November 2018 and are on- going. The Company has recently finalised negotiations with the gas Company for a satisfactory price. The negotiations with the electricity Company concerning
Slide 9: Operational highlights 2
Operational highlights 2 Restitution claim, plot of 1,453 sqm, Constanta Court case • Following the satisfactory application by the Company, the Romanian parliament changed the subject restitution laws. • A new law in this respect has been published in August 2019, ordering local authorities to rest
Slide 10: Romanian Macro development
Romanian Macro development • Romania's real GDP growth is projected to reach 4% in 2019 before slowing to 3.5% in 2020, the International Monetary Fund (IMF) said in the October edition of its World Economic Outlook report. • Romania's consumer prices are expected to rise 4.2% year-on-year in 2019 a
Slide 11: Romania Real Estate Update
Romania Real Estate Update • The volume of commercial real estate transactions in Romania in the first nine months exceeded EUR 585 million, according to CBRE. The office market attracted more than half of the investments, Bucharest and Cluj-Napoca being the most dynamic cities, with almost 90% of t
Slide 12: Apartment Price Development (31 Oct 19)
Apartment Price Development (31 Oct 19) Romania • Average apartment prices in Romania reached EUR 1,296/sqm resulting in a total increase of circa 5.5% compared to the same period of 2018 Constanta • Average apartment prices in Constanta reached EUR 1.175/sqm, with growth of 3.4% compared to the sam
Slide 13: RomReal shareholders as at 15/11/2019
RomReal shareholders as at 15/11/2019 Rank Name Holding Stake (1) This is the Top 20 1 SIX SIS AG 10,331,934 24.98% Shareholder list as per 15 Nov 2019. 2 GRØNSKAG, KJETIL 4,422,475 10.60% (2) The total issued 3 SAGA EIENDOM AS 3,262,976 7.89% number of shares 4 THORKILDSEN DØDSBO, KAY TØNNES 3,071,
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal is focusing on land value enhancing activities in order to improve the shareholder value and exit. This includes, among others, investments to improve the sale-ability of certain plots and to commence and to some extent conclude regulation processes. • This s
Slide 15: Thank you
Thank you Investor Relations Harris Palaondas +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 inf