Romreal Ltd. · OSL:ROM
Romreal — Q4 2016 Earnings Presentation
14 slides from Romreal's earnings presentation, Feb 17, 2017
Slide 1: Investor presentation Q4 2016 results
RomReal Limited Investor presentation Q4 2016 results Arne Reinemo - Director DnB Markets Event 17 February 2016 This Presentation of the Q4 2016 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2016 Report which is f
Slide 2: Q4 2016 results – Highlights
Q4 2016 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.44 (NOK 3.97) per share, up 4.0% compared to the end of Q3 2016. The plot valuation is up 9.3% on a comparable plot basis. If the values from the two conditional sales had been applied to the sold properties, NAV was EUR
Slide 3: NAV movement in Q4 2016
NAV movement in Q4 2016 Asset base Q4 2016 Q3 2016 EUR ’000 EUR/share NOK/share EUR ’000 EUR/share NOK/share Investment 16,904 0.41 3.72 26,192 0.63 5.89 property Assets held for 11,720 0.28 2.58 - - - sale Inventories 2,536 0.06 0.56 2,278 0.06 0.51 Cash 707 0.02 0.16 289 0.01 0.06 Other (13,830) (
Slide 4: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q4 2016 Q4 2015 YTD 2016 YTD 2015 Operating Revenue 58 89 508 1,488 Operating Expenses 131 (110) (515) (775) Other operating income/ (expense), net 2,962 (408) 2,282 (1,951) Net financial income/(cost) (1,361) (1,472) (632) (909) Pre-tax result 1,790 (1,900) 1,64
Slide 5: Operational highlights
Operational highlights • At January 2, 2017, RomReal announced the conditional sale of Mamaia North and Morii Lake for EUR 17.75 – 18.25 million. These sales were on average ca. 20% above 2015 IFRS book value • The transactions are scheduled to close by the end of the first quarter • The two transac
Slide 6: Romanian Macro development
Romanian Macro development • Romania was the EU member with highest GDP growth in 2Q 2016. IMF expects Romania to also register the highest growth in Europe for 2016 as a whole with 5% growth. Fourth quarter growth came in preliminary at 4.8%. Analysts expects overall growth to continue on a strong
Slide 7: Romania Real Estate Update
Romania Real Estate Update • 2016 was a new, positive year in the real estate market turnaround. Transaction volumes and prices increase across segments, and completed buildings rise. For the industrial segment, completed buildings were 380,000 sqm., the largest number ever. • In the residential mar
Slide 8: Apartment Price Development (January)
Apartment Price Development (January) Romania • Apartment prices in Romania have seen an increase of 9.6% to EUR 1,064 per m2 compared with the same period last year • Since the bottom in Dec. 2014, the average price has increased 19.4% Constanta • Apartment prices in Constanta have seen an increase
Slide 9: Real Estate market examples
Real Estate market examples RomReal Limited – Fourth quarter 2016 11
Slide 10: Real Estate market examples
Real Estate market examples RomReal Limited – Fourth quarter 2016 11
Slide 11: Real Estate market examples
Real Estate market examples RomReal Limited – Fourth quarter 2016 11
Slide 12: Real Estate market examples
Real Estate market examples RomReal Limited – Fourth quarter 2016 11
Slide 13: RomReal shareholders as at 10/02/2017
RomReal shareholders as at 10/02/2017 (1) This is the Top 20 SHAREHOLDER HOLDING % Shareholder list as per 18 SIX SIS AG 25PCT ACCOUNT 10,336,254 24.99 November 2016. THORKILDSEN DØDSBO KAY TØNNES 5,415,756 13.09 (2) The total issued GRØNSKAG KJETIL 4,138,179 10.00 number of shares issued at end Q3
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal’s immediate focus is to close the two transactions involving Mamaia North and Lake Morii. After the two transactions are closed, RomReal will emerge as a debt-free company with available liquidity and several attractively located properties with good developm