Romreal Ltd. · OSL:ROM
Romreal — Q1 2021 Earnings Presentation
15 slides from Romreal's earnings presentation, May 28, 2021
Slide 1: RomReal Limited Investor presentation Q1 2021 results
RomReal Limited Investor presentation First Quarter (Q1) 2021 results Kjetil Gronskag 28 May 2021 This Presentation of the Q1 2021 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q1 2021 Report which is filed on Oslo Ax
Slide 2: Contents
Contents Q1 2021 highlights 3-4 NAV movement in Q1 2021 5 Financial highlights – IFRS 6 RomReal Properties per Q1 2021 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: Q1 2021 results – Highlights
Q1 2021 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.36 (NOK 3.86 before any tax) per share, that being about 0.2% lower compared to the end of the fourth quarter 2020 • The year-end 2020 valuation was concluded by Knight Frank in February 2021 therefore no further adjustme
Slide 4: Q1 2021 results – Highlights
Q1 2021 results – Highlights Financial Results • Net Result for the quarter was EUR 78,000 gain compared to a EUR 310,000 loss in 1Q 2020. Net change in cash flow for the quarter was a positive EUR 40,000 compared to positive EUR 499,000 in the same period last year. This was mainly due to the ongoi
Slide 5: NAV movement in Q1 2021
NAV movement in Q1 2021 Asset base Q1 2021 Q4 2020 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment property 4,087 0.10 1.05 2,761 0.07 0.71 Assets held for sale 2,240 0.05 0.58 2,240 0.05 0.58 Inventories 7,094 0.17 1.83 8,419 0.20 2.17 Cash 1,247 0.03 0.32 1,207 0.03 0.31 Oth
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q1 2021 Q1 2020 Operating Revenue 258 974 Operating Expenses (37) (135) Other operating income/ (expense), net (85) (660) Net financial income/(cost) (54) (484) Pre-tax result 82 (305) Result for the period 78 (310) Total assets 15,294 18,876 Total liabilities 29
Slide 7: RomReal Properties Q1 2021
RomReal Properties Q1 2021 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 48.317 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) –Four plots have been sold and the Company has on-going processes for plot sales in the area. Grid connection of the land is expected to be finalised in Q4 2021. Oasis (No. 3 on the table) –The Company is going to re-authorise the works for finali
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 to be sold to the buyer of the Company’s previous Mamaia North plots, as soon as the administrative procedures for the transfer of the plot to the Company is finalised, p
Slide 10: Romanian Macro development
Romanian Macro development Gross Domestic Product of Romania grew 2.8% in the first quarter of 2021, according to the latest flash report by the National Institute of Statistics (INS). This may result in Romania's economy growing beyond the latest estimate of 6% for the entire year that the Internat
Slide 11: Romania Real Estate Update
Romania Real Estate Update • Romania’s total investment volume accounted at the end of 2020 for EUR 588 million. a value almost half of the one registered in the record year of 2019, but similar with the one registered in 2015, a starting growth year. • Capitalizing on the momentum gained in the pre
Slide 12: Apartment Price Development (Apr 21)
Apartment Price Development (Apr 21) • During Apr 2021 residential Romania average prices in Romania increased by 1.2% compared to the end Q1 2021 and 2.1% higher compare with the same period last year. Average prices are at EUR 1.396 per m2. • In Constanta, average prices Constanta increased by 1.7
Slide 13: RomReal shareholders as at 20/05/2021
RomReal shareholders as at 20/05/2021 •(1) The total issued number of shares issued No Shareholder Holding Holding % at end Q1 2021 was 41,367,783. 1 SIX SIS AG 10,331,934 24.98% 2 THORKILDSEN, WENCHE SYNNØVE 5,392,985 13.04% •(2) Thorkildsen Invest AS 3 GRØNSKAG, KJETIL 4,546,127 10.98% is a Compan
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal, is focusing on land value enhancing activities and sales to improve the shareholder value. • The ongoing tax dispute and other legal processes adds uncertainty and reduces the financial flexibility. • This combined with a relatively slow sales process indica
Slide 15: Thank you
Thank you Investor Relations Kjetil Gronskag [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 information included