Romreal Ltd. · OSL:ROM
Romreal — Q1 2022 Earnings Presentation
14 slides from Romreal's earnings presentation, May 27, 2022
Slide 1: RomReal Limited Investor presentation Q1 2022 results
RomReal Limited Investor presentation First Quarter (Q1) 2022 results Kjetil Gronskag 27 May 2022 This Presentation of the Q1 2022 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q1 2022 Report which is filed on Euronex
Slide 2: Contents
Contents Q1 2022 highlights 3-4 NAV movement in Q1 2022 5 Financial highlights 1Q.22 – IFRS 6 RomReal Properties per 1Q 2022 7 Operational highlights 8-9 Romania Macro Developments 10 Apartment Price Development 11 RomReal shareholders 12 Main focus areas going forward 13 Contact details 14 RomReal
Slide 3: Q1 2022 results – Highlights
Q1 2022 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.41 (NOK 4.04, before any tax) per share, about 1.9% higher compared to the end of the fourth quarter 2021. • The year-end 2021 valuation was concluded by Colliers in January 2022 and reflects the updated market conditions
Slide 4: Q1 2022 results – Highlights
Q1 2022 results – Highlights Financial Results • Net Result for the quarter was EUR 332,000 profit, compared to a EUR 3,958,000 loss in 1Q 2021. Net change in cash flow for the quarter was a positive EUR 563,000 compared to positive of EUR 183,000 in the same period last year. This was mainly due to
Slide 5: NAV movement in Q1 2022
NAV movement in Q1 2022 Asset base Q1 2022 Q4 2021 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,034 0.05 0.48 4,997 0.12 1.29 property Assets held for 2,482 0.06 0.58 2,480 0.06 0.64 sale Inventories 7,623 0.18 1.79 5,707 0.14 1.47 Cash 4,370 0.11 1.03 3,807 0.09 0.98 Oth
Slide 6: Financial highlights 1Q.22 - IFRS
Financial highlights 1Q.22- IFRS EUR '000 Q1 2022 Q1 2021 Operating Revenue 1,901 258 Operating Expenses (316) (37) Other operating income/ (expense), net (1,093) (2,472) Net financial income/(cost) (89) (642) Pre-tax result 403 (3,962) Result for the period 332 (3,958) Total assets 18,218 15,294 To
Slide 7: RomReal Properties Q1 2022
RomReal Properties Q1 2022 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 14.753 2 Badulescu plot Constanta North/Ovidiu 50,000 3 Ovidiu (Oasis) Constanta North/Ovidiu 23,685 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) – The Company has on-going processes for plot sales in the area and sold 4 plots during first quarter and 1 plot after the end of the quarter. Street and utilities have been delivered to the City Hall for public use according to agreement. Oasis (
Slide 9: Operational highlights
Operational highlights 2 Restitution claim, plot of 1,453 sqm, Constanta Court case no. 2567/118/2016 The piece of land is agreed sold to the buyer of the Company’s previous Mamaia North plot and the agreed proceeds about EUR 390,000 is received in full 21 February 2022. 9 RomReal Limited – First qu
Slide 10: Romanian Macro development
Romanian Macro development • The Romanian economy’s recovery to pre-pandemic levels has been driven, amongst others, by consumption, which, in turn, was sustained by the resilient labour market. • Romania's economy rose 6.5%, the highest in the EU, year-on-year in the first quarter of 2022, compared
Slide 11: Apartment Price Development (End March 22)
Apartment Price Development (End March 22) • Asking prices for apartments and houses in Romania gained 6.64% in the firth quarter of 2022 compared fourth quarter of 2021. Q1 2022 average residential prices in Romania reached an average price of EUR 1,619/sqm compared to 1,551/sqm at the end of the p
Slide 12: RomReal shareholders as at 23/05/2022
RomReal shareholders as at 23/05/2022 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,813,322 14.05% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 23 May 2022. 4 SAGA EIENDOM AS 3,311,526 8.01% 5 AUSTBØ, EDVIN 2,108,500 5.10% •(2)
Slide 13: Main focus areas going forward
Main focus areas going forward • Even though, the Romanian first quarter 2022 GDP flash growth numbers was the highest in the EU, the Board expects a slower growth ahead. This has hitherto not affected the residential market, but RomReal’s land bank and project development activities are under const
Slide 14: 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