Romreal Ltd. · OSL:ROM
Romreal — Q4 2015 Earnings Presentation
14 slides from Romreal's earnings presentation, Feb 26, 2016
Slide 1: Investor presentation Q4 2015 results
RomReal Limited Investor presentation Q4 2015 results Harris Palaondas Investor Relations 26 February 2016 This Presentation of the Q4 2015 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2015 Report which is filed o
Slide 2: Contents
Contents Q4 2015 highlights 3 NAV movement in Q4 2015 4 Financial highlights – IFRS 5 RomReal Properties per Q4 2015 6 Mamaia Nord Plot Operational highlights 7 Romania Macro Developments 8 Romania Real Estate Update 9 Apartment Price Development 10 RomReal shareholders 11 Lake Morii Plot - Buchares
Slide 3: Highlights of the Q4 2015 results
Highlights of the Q4 2015 results Net Asset Value (NAV) • Net Asset value was EUR 0.44 (NOK 4.10) per share at the end of Q4 2015, a 5.8% decrease compared to the end of Q3 2015. As of 4Q 2014, NAV was EUR 0.48 (NOK 4.04). Valuation • Knight Frank Romania has conducted its annual valuation. The valu
Slide 4: NAV movement in Q4 2015
NAV movement in Q4 2015 Asset base Q4 2015 Q3 2015 EUR ’000 EUR/share NOK/share EUR ’000 EUR/share NOK/share Investment property 26,450 0.64 6.00 27,339 0.66 6.41 Inventories 2,286 0.06 0.52 2,300 0.06 0.54 Cash 541 0.01 0.12 1,031 0.01 0.24 Other assets/(liabilities) (11,189) (0.27) (2.54) (11,471)
Slide 5: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q4 2015 Q4 2014 YTD 2015 YTD 2014 Operating Revenue 89 89 1,488 452 Operating Expenses (110) (297) (775) (979) Other operating income/ (expense), net (408) (155) (1,951) (858) Net financial income/(cost) (1,472) (1,011) (909) (359) Pre-tax result (1,900) (1,374)
Slide 6: RomReal Properties Q4 2015
RomReal Properties Q4 2015 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 61,029 2 Badulescu plot Constanta North/Ovidiu 50,000 3 Tatar Peninsula Constanta North/Ovidiu 2,485 4 Ovidiu Town Constanta North/Ovidiu 4,641 5 Ovidiu (Oasis) Constanta North/Ovidiu 24,651 6 Centrepoin
Slide 7: Operational highlights
Operational highlights • The Company continues to work on upgrading the planning status for its plots and has fully revised the particular marketing strategy applied to each plot. • For Mamaia North, the Company is pursuing the Zonal Planning approval. All documents and licenses have been presented
Slide 8: Romanian Macro development
Romanian Macro development Romania’s GDP increased by 3.7% in 2015. The economy is well balanced with low and stable interest rates and low and falling inflation. Economy analysts forecast robust growth for 2016 with 3.7% driven by strong domestic demand and increased export. Following NBR’s pol
Slide 9: Romania Real Estate Update
Romania Real Estate Update • The real estate market gradually recovers. The total commercial transaction volume decreased in 2015 but still represents a liquid market. The most active real estate segment is industrial properties. Residential apartment prices trended upwards. The land market in Const
Slide 10: Apartment Price Development
Apartment Price Development Romania • Apartment prices in Romania have increased 5.9% compared during 2015 Constanta • Apartment prices in Constanta have increased 7.1% during 2015 RomReal Limited – Fourth quarter 2015 10
Slide 11: RomReal shareholders as at 19/02/2016
RomReal shareholders as at 19/02/2016 Shareholder Holding Percentage SIX SIS AG 25PCT ACCOUNT 11,699,278 28.28 THORKILDSEN DØDSBO KAY TØNNES 5,415,756 13.09 GRØNSKAG KJETIL 3,850,307 9.31 E. LARRE HOLDING AS 1,614,444 3.90 SILJAN INDUSTRIER AS 1,600,000 3.87 SKANDINAVISKA ENSKIL 1,300,927 3.14 SAGA
Slide 12: Market capitalization and NAV development
Market capitalization and NAV development NOK million Source: Company; OSE; Infront; Market capitalization numbers for 2007 and 2008 are Company estimates. Exchange rate YE for both quarters in year . RomReal Limited – Fourth quarter 2015 12
Slide 13: Main focus areas going forward
Main focus areas going forward • RomReal expects the recent positive development in the macroeconomic environment will reflect in a continued improvement of the real estate market in 2016. • In addition to sale of plots, the Company seeks to add incremental value to the individual plots during the p
Slide 14: 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