Romreal Ltd. · OSL:ROM
Romreal — Q2 2021 Earnings Presentation
15 slides from Romreal's earnings presentation, Aug 27, 2021
Slide 1: RomReal Limited Investor presentation Q2 2021 results
RomReal Limited Investor presentation Second Quarter (Q2) 2021 results Kjetil Gronskag 27 August 2021 This Presentation of the Q2 2021 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2021 Report which is filed on Osl
Slide 2: Contents
Contents Q2 2021 highlights 3-4 NAV movement in Q2 2021 5 Financial highlights 2Q.21 – IFRS 6 RomReal Properties per Q2 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
Slide 3: Q2 2021 results – Highlights
Q2 2021 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.36 (NOK 3.87 before any tax) per share, that being about 0.2% higher compared to the end of the first quarter 2021. • The year-end 2020 valuation was concluded by Knight Frank in February 2021 therefore no further adjustm
Slide 4: Q2 2021 results – Highlights
Q2 2021 results – Highlights Financial Results • Net Result for the quarter was EUR 380,000 loss compared to a EUR 196,000 loss in 2Q 2020. Net change in cash-flow for the quarter was a positive EUR 50,000 compared to positive EUR 437,000 in the same period last year. This was mainly due to the sale
Slide 5: NAV movement in Q2 2021
NAV movement in Q2 2021 Asset base Q2 2021 Q1 2021 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 4,149 0.10 1.07 4,087 0.10 1.05 property Assets held for sale 2,247 0.05 0.58 2,240 0.05 0.58 Inventories 7,014 0.17 1.80 7,094 0.17 1.83 Cash 1,257 0.03 0.32 1,247 0.03 0.32 Oth
Slide 6: Financial highlights 2Q.21 - IFRS
Financial highlights 2Q.21- IFRS EUR '000 Q2 2021 Q2 2020 Operating Revenue 331 190 Operating Expenses (243) (176) Other operating income/ (expense), net (468) (37) Net financial income/(cost) 3 (170) Pre-tax result (377) (195) Result for the period (380) (196) Total assets 15,340 18,819 Total liabi
Slide 7: RomReal Properties Q2 2021
RomReal Properties Q2 2021 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 47,845 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) – The Company has on-going processes for plot sales in the area. Grid connection of the land is expected to be finalised in October 2021. Oasis (No. 3 on the table) – The Company is going to re-authorise the works for finalising the blocks erected
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, w
Slide 10: Romanian Macro development
Romanian Macro development • Romania’s economy continued its robust post-pandemic recovery in the second quarter after already returning to pre-pandemic level in the first quarter. • Compared to the second quarter of 2020, the GDP grew by 13% in nominal terms and 13.6% in seasonally adjusted terms,
Slide 11: Romania Real Estate Update
Romania Real Estate Update • The volume of construction works on residential buildings projects in Romania rose by 16% in January-April compared to previous year period, according to data published by the statistics office INS on June 16. • Of note, the non-residential buildings segment, aggregating
Slide 12: Apartment Price Development (End June 21)
Apartment Price Development (End June 21) • Asking prices for apartments and Romania houses in Romania gained 7% in the second quarter of 2021 compared first quarter of 2021 and some 11% compared to the same period of 2020. Q2 2021 average residential prices in Romania reached an average price of EU
Slide 13: RomReal shareholders as at 16/08/2021
RomReal shareholders as at 16/08/2021 •(1) This is the Top 20 Rank Name Holding Stake Shareholder list as per 16 August 2021. 1 SIX SIS AG 10,331,934 24.98% •(2) The total issued 2 THORKILDSEN, WENCHE SYNNØVE 5,392,985 13.04% number of shares 3 GRØNSKAG, KJETIL 4,228,000 10.22% issued at end Q2 4 SA
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. • This includes, among others, increased sales & marketing efforts, and required infra-structure investments in several of the remaining projects. The tax case now con
Slide 15: Thank you
Thank you Investor Relations Kjetil Gronskag +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 info