Romreal Ltd. · OSL:ROM
Romreal — Q3 2020 Earnings Presentation
15 slides from Romreal's earnings presentation, Nov 27, 2020
Slide 1: RomReal Limited Investor presentation Q3 2020 results
RomReal Limited Investor presentation Third Quarter (Q3) 2020 results Harris Palaondas - IR Webcast 27 November 2020 This Presentation of the Q3 2020 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2020 Report which
Slide 2: Contents
Contents Q3 2020 highlights 3-4 NAV movement in Q3 2020 5 Financial highlights – IFRS 6 RomReal Properties per Q3 2020 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 2020 results – Highlights
Q3 2020 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.44 (NOK 4.73) per share, about 1.0% lower compared to the end of the second quarter 2020. • There were no further changes were made to the value of the investment properties during the quarter. Operational highlights • Th
Slide 4: Q3 2020 results – Highlights
Q3 2020 results – Highlights Financial Results • Net Result for the quarter was EUR 13,000 loss compared to a EUR 196,000 loss in 3Q 2019. • Net change in cash flow for the quarter was a negative EUR 254,000 compared to minus EUR 62,000 in the same period last year. • Cash position of EUR 2.5 millio
Slide 5: NAV movement in Q3 2020
NAV movement in Q3 2020 Asset base Q3 2020 Q3 2019 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 4,242 0.10 1.09 11,287 0.27 2.69 property Assets held for sale 2,329 0.06 0.60 2,191 0.05 0.52 Inventories 8,975 0.22 2.31 2,492 0.06 0.59 Cash 2,554 0.06 0.66 2,490 0.06 0.59 Ot
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q3 2020 Q3 2019 Operating Revenue 32 43 Operating Expenses (186) (152) Other operating income/ (expense), net 135 46 Net financial income/(cost) 9 (171) Pre-tax result (10) (235) Result for the period (13) (238) Total assets 19,020 19,572 Total liabilities 639 45
Slide 7: RomReal Properties Q3 2020
RomReal Properties Q3 2020 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 51,308 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) • During Q4 2020 the Company sold one more plot, for a total amount of EUR 55,130, received in full. • Even during the present lock-down there is some interest for RomReal’s plots, however prospective buyers are taking more time than usual in maki
Slide 9: Operational highlights
Operational highlights 2 Contestation against the Tax Authority Decision no. F-CT 344/29.05.2018 • The Company has paid the claim totaling EUR 1.05 million during 4th quarter 2020, being therefore exempted for payment of penalties, irrespective of the outcome of the final Court decision to be issued
Slide 10: Romanian Macro development
Romanian Macro development • Romania recorded an economic decline of 6% in the third quarter of 2020, compared to the similar period of 2019. • Compared to the previous quarter recorded an increase of 5.6%, according to flash data from the National Institute of Statistics (NSI). • Between January 1
Slide 11: Romania Real Estate Update
Romania Real Estate Update • The total investment volume for the first nine months of 2020 was at EUR 731 million, a 31% increase compared with the same period of 2019. • Investors have focused almost exclusively on office projects that reflect 93% of the transaction volume, and have been active mai
Slide 12: Apartment Price Development (Oct 20)
Apartment Price Development (Oct 20) • During Oct 2020 residential Romania average prices in Romania apartments increased by 2.4% compared to the end of the 3rd quarter 2020 and 3% higher compare with the same period last year. Average prices are at EUR 1.335 per m2 • In Constanta, average prices Co
Slide 13: RomReal shareholders as at 20/11/2020
RomReal shareholders as at 20/11/2020 RANK SHARES % SHAREHOLDER 1 10,331,934 24.98% SIX SIS AG (1) This is the Top 20 Shareholder list as per 2 5,392,985 13.04% THORKILDSEN, WENCHE SYNNØVE 20NOV2020. 3 4,422,475 10.61% GRØNSKAG, KJETIL (2) The total issued 4 3,262,976 7.89% SAGA EIENDOM AS number of
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. • The pandemic is slowing down the Company’s on-going permitting as well as its sales & marketing process, and combined with the ongoing tax dispute case, it c
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