Romreal Ltd. · OSL:ROM
Romreal — Q2 2018 Earnings Presentation
14 slides from Romreal's earnings presentation, Aug 31, 2018
Slide 1: RomReal Limited Investor presentation Q2 2018 results
RomReal Limited Investor presentation Second Quarter (Q2) 2018 results Harris Palaondas - IR Webcast 31 August 2018 This Presentation of the Q2 2018 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2018 Report which i
Slide 2: Contents
Contents Q2 2018 highlights 3-4 NAV movement in Q2 2018 5 Financial highlights – IFRS 6 RomReal Properties per Q2 2018 7 Operational highlights 8 Romania Macro Developments 9 Romania Real Estate Update 10 Apartment Price Development 11 RomReal shareholders 12 Main focus areas going forward 13 Contac
Slide 3: Q2 2018 results – Highlights
Q2 2018 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.49 (NOK 4.86) per share, 3.2 per cent higher compared to Q1 2018. There were no changes made to the value of the investment properties during the quarter. Operational highlights • Hospital plot (No. 9 on the list): sale a
Slide 4: Q2 2018 results – Highlights
Q2 2018 results – Highlights Financial Results • Net Result for the quarter was EUR 605,000 profit compared to a EUR 801,000 loss in 2Q 2017. Operating cash flow for the quarter was a negative EUR 1,085,000 compared to minus EUR 2,182,000 in the same period last year. • By the end of the quarter, th
Slide 5: NAV movement in Q2 2018
NAV movement in Q2 2018 Asset base Q2 2018 Q1 2018 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment property 12,725 0.31 3.03 13,655 0.33 3.25 Assets held for sale 275 0.01 0.07 436 0.01 0.10 Inventories 2,690 0.07 0.64 2,690 0.07 0.64 Cash 3,099 0.07 0.74 3,789 0.09 0.90 Other
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q2 2018 Q2 2017 Operating Revenue 1,894 (48) Operating Expenses (201) (806) Other operating income/ (expense), net (1,128) 24 Net financial income/(cost) 7 (2) Pre-tax result 565 (800) Result for the period 605 (801) Total assets 20,727 24,817 Total liabilities 3
Slide 7: RomReal Properties Q2 2018
RomReal Properties Q2 2018 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 is expected to commence in Q4 2018. In order to obtain the necessary authorisations for gas connection in the area it will be necessary at least 6 houses be built on the site. The infrastructure cos
Slide 9: Romanian Macro development
Romanian Macro development • Preliminary data from the statistical office showed that the Romanian economy grew by 4.1%, more-than-expected in the second quarter, after almost a stagnation in the previous three months. • A recent report of the European Bank for Reconstruction and Development estimat
Slide 10: Romania Real Estate Update
Romania Real Estate Update • According to Colliers International, the first half of the year closed with overall investment volumes of EUR 404m, an increase of close to 18 percent compared to the first semester of 2017. • In the first semester of 2018, the mortgage loans volume soared by 5.5 percent
Slide 11: Apartment Price Development (Jul ‘18)
Apartment Price Development (Jul ‘18) Romania • Average apartment prices in Romania at EUR 1,212 /sqm at the end of Jul 2018, an increase of 6.2% yoy. Constanta • Average apartment prices in Constanta have reached in Jul 2018 EUR 1,139 /sqm, a 9.1% increase year on year. RomReal Limited – second qua
Slide 12: RomReal shareholders as at 20/08/2018
RomReal shareholders as at 20/08/2018 Shareholder Holding Percentage (1) This is the Top 20 SIX SIS AG 25PCT ACCOUNT 10,336,054 24.99 Shareholder list as per 20 Aug 2018. GRØNSKAG KJETIL 4,038,449 9.76 SAGA EIENDOM AS 3,162,383 7.64 (2) The total issued number of shares THORKILDSEN DØDSBO KAY TØNNES
Slide 13: 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. This includes, among others, increased sales & marketing efforts, if required some infra-structure investments and engaging more resources into regulation processes. • T
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