Romreal Ltd. · OSL:ROM
Romreal — Q1 2018 Earnings Presentation
14 slides from Romreal's earnings presentation, May 24, 2018
Slide 1: RomReal Limited Investor presentation Q1 2018 results
RomReal Limited Investor presentation First Quarter (Q1) 2018 results Mr. Adrian Cristea - Legal Advisor Webcast 24 May 2018 This Presentation of the Q1 2018 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q1 2018 Repor
Slide 2: Contents
Contents Q1 2018 highlights 3-4 NAV movement in Q1 2018 5 Financial highlights – IFRS 6 RomReal Properties per Q1 2018 7 Operational highlights 8 Romania Macro Developments 9 Romania Real Estate Update 10 Apartment Price Development 11 RomReal shareholders 12 Market Cap and NAV Development 13 Main f
Slide 3: Q1 2018 results – Highlights
Q1 2018 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.48 (NOK 4.71) per share, 0.8 per cent lower compared to quarter 4 2017. The year-end 2017 valuation was concluded by Knight Frank 15 February 2018, therefore there were no further changes made to the value of the investme
Slide 4: Q1 2018 results – Highlights
Q1 2018 results – Highlights Financial Results • Net Result for the quarter was EUR 148,000 loss compared to a EUR 284,000 loss in 1Q 2017. Operating cash flow for the quarter was a negative EUR 181,000 compared to minus EUR 172,000 in the same period last year. • By the end of the quarter, the Comp
Slide 5: NAV movement in Q1 2018
NAV movement in Q1 2018 Asset base Q1 2018 Q4 2017 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 13,655 0.33 3.25 13,627 0.33 3.24 property Assets held for 436 0.01 0.10 7,103 0.17 1.69 sale Inventories 2,690 0.07 0.64 2,690 0.07 0.64 Cash 3,789 0.09 0.90 3,505 0.08 0.83 Oth
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q1 2018 Q1 2017 Operating Revenue 6,779 50 Operating Expenses (231) (196) Other operating income/ (expense), net (6,620) (2,565) Net financial income/(cost) (21) (237) Pre-tax result (93) (285) Result for the period (148) (284) Total assets 21,151 33,745 Total li
Slide 7: RomReal Properties Q1 2018
RomReal Properties Q1 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 –The architects and engineers are presently doing the design and utilities for the roads building approval. It would be necessary to build and sell around 6 houses in order for the approval of electricity/gas connection be approved. Oasis –The plot will also be parce
Slide 9: Romanian Macro development
Romanian Macro development • Romania went up one place to become the 16th largest economy in the European Union (EU) in 2017. With the highest economic growth rate in the EU, of 7%, Romania surpassed Greece, according to data from Eurostat. • Romania’s gross domestic product (GDP) reached almost EUR
Slide 10: Romania Real Estate Update
Romania Real Estate Update • According to a report of Active Property Services, the 2017 volume of activity in the construction sector decreased by 5.4%. • The volume of new constructions grew by 4.9% and residential buildings saw a 69.7% jump in investments value. Trend: Building Permits issued in
Slide 11: Apartment Price Development (May ‘18)
Apartment Price Development (May ‘18) Romania • Prices keep rising in Romania from EUR 1,164/sqm at the end of 2017 to EUR 1,200 /sqm at the end of March 2018 Constanta • Prices in Constanta have reached in April 2018 EUR 1,123 /sqm, a 10.9% increase year on year. RomReal Limited – First quarter 201
Slide 12: RomReal shareholders as at 16/05/2018
RomReal shareholders as at 16/05/2018 Shareholder Holding Percentage (1) This is the Top 20 SIX SIS AG 25PCT ACCOUNT 10,336,154 24.99 Shareholder list as per 16 May 2018. GRØNSKAG KJETIL 4,038,449 9.76 (2) The total issued SAGA EIENDOM AS 3,162,383 7.64 number of shares THORKILDSEN DØDSBO KAY TØNNES
Slide 13: Main focus areas going forward
Main focus areas going forward • RomReal is focusing on project value enhancing activities in order to maximise shareholder value. This means, among others, increased sales & marketing efforts, if required some infra-structure investments and engaging more resources into regulation processes. The Co
Slide 14: Thank you
Thank you Legal Advisor Adrian Cristea +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 informatio