Romreal Ltd. · OSL:ROM
Romreal — Q2 2015 Earnings Presentation
13 slides from Romreal's earnings presentation, Aug 28, 2015
Slide 1: RomReal Limited Investor presentation Q2 2015 results
RomReal Limited Investor presentation Q2 2015 results Harris Palaondas– Investor Relations 28 August 2015 This Presentation of the Q2 2015 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2015 Report which is filed on
Slide 2: Contents
Contents Highlights in connection with the Q2 2015 3 results RomReal Properties per Q2 2015 4 NAV movement in Q2 2015 5 Mamaia Nord Plot Financial highlights – IFRS 6 Romania Macro Developments 7 Romania Real Estate Update 8 Apartment Price Development 9 Lake Morii Plot - Bucharest RomReal sharehold
Slide 3: Highlights of the Q2 2015 results
Highlights of the Q2 2015 results Net Asset Value (NAV) • Net Asset value was EUR 0.47 (NOK 4.04) per share at the end of Q2 2015, a 1.3% decrease compared to the end of Q1 2015. Operational highlights • The Company completed the sale of the Brasov plot and also sold two more plots in Tatar Peninsul
Slide 4: RomReal Properties Q2 2015
RomReal Properties Q2 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 2,637 4 Ovidiu Town Constanta North/Ovidiu 4,641 5 Ovidiu (Oasis) Constanta North/Ovidiu 25,127 6 Centrepoin
Slide 5: NAV movement in Q2 2015
NAV movement in Q2 2015 Asset base Q2 2015 Q1 2015 EUR ’000 EUR/share NOK/share EUR ’000 EUR/share NOK/share Investment property 27,363 0.66 5.69 28,439 0.69 6.07 Inventories 2,399 0.06 0.50 2,394 0.06 0.51 Cash 303 0.01 0.06 310 0.01 0.07 Other assets/(liabilities) (10,636) (0.26) (2.21) (11,460) (
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q2 2015 Q2 2014 YTD 2015 YTD 2014 Operating Revenue 1,195 218 1,261 279 Operating Expenses (154) (266) (417) (487) Other operating income/ (expense), net (581) (661) (1,066) (854) Net financial income/(cost) (1,272) 747 (301) (568) Pre-tax result (812) 38 (523) (
Slide 7: Romanian Macro development
Romanian Macro development The Romanian economy continues to perform well. Romania’s GDP increased 4.3% in 1Q and 3.2% in 2Q 2015 (compared to same period last year). The National Bank forecasts a GDP growth of 4% for 2015, a view that is shared by analysts of the most important banks in the marke
Slide 8: Romania Real Estate Update
Romania Real Estate Update The real estate market continues to recover on all fronts. Residential developers re-enter the market with adjusted projects previously put on hold, and developers try out projects with higher price tags. Apartment prices continue to rise. In Constanta prices have al
Slide 9: Apartment Price Development
Apartment Price Development Romania • Housing prices in Romania have indicated an increase of 4.2% compared with the same quarter last year. • Currently estimated at an average of EUR 944 per square meter. Constanta • Apartment prices in Constanta have increased 6.1% compared to the same quarter las
Slide 10: RomReal shareholders as at 21/08/2015
RomReal shareholders as at 21/08/2015 Shareholder Holding % SIX SIS AG 25PCT ACCOUNT 11,699,278 28.28 THORKILDSEN KAY TØNNES 5,415,756 13.09 GRØNSKAG KJETIL 3,850,307 9.31 TONSENHAGEN FORRETNI 1,614,444 3.90 SILJAN INDUSTRIER AS 1,600,000 3.87 SEB Private Bank S.A 1,323,372 3.20 SAGA EIENDOM AS 1,22
Slide 11: The Alpha Bank loan
The Alpha Bank loan • Secured loan with nominal value EUR 11,505,000 at end of Q2 2015. The loan matures November 27, 2015 • The Company has a right to extend the loan for one plus one year, provided that the interest is paid upfront at extension. The Company has the required liquidity to extend the
Slide 12: Main focus areas going forward
Main focus areas going forward • Cash Management - The cash in hand and the financial bond investment is sufficient to extend the Alpha Bank loan in November 2015 • The Company is actively seeking to divest more land from its portfolio • To make the plots sellable, the Company is seeking to add incr
Slide 13: 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