Romreal Ltd. · OSL:ROM
Romreal — Q3 2022 Earnings Presentation
13 slides from Romreal's earnings presentation, Nov 25, 2022
Slide 1: RomReal Limited Investor presentation Q3 2022 results
RomReal Limited Investor presentation Third Quarter (Q3) 2022 results Kjetil Gronskag 25 November 2022 This Presentation of the Q3 2022 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2022 Report which is filed on Eu
Slide 2: Contents
Contents Q3 2022 highlights 3-4 NAV movement in Q3 2022 5 Financial highlights 3Q.22 – IFRS 6 RomReal Properties per 3Q 2022 7 Operational highlights 8 Romania Macro Developments 9 Apartment Price Development 10 RomReal shareholders 11 Main focus areas going forward 12 Contact details 13 RomReal Lim
Slide 3: Q3 2022 results – Highlights
Q3 2022 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.42 (NOK 4.39, before any tax) per share, an increase of 4.2% measured in EUR from the end of the second quarter 2022. Operational highlights • During the third quarter of 2022, the Company sold 2 plots from the Ovidiu Lak
Slide 4: Q3 2022 results – Highlights
Q3 2022 results – Highlights Financial Results • Net Result for the quarter was a profit of EUR 760,000, compared to a EUR 903,000 profit in 3Q 2021. Net change in cash flow for the quarter was a negative EUR 331,000 compared to positive of EUR 2,374,000 in the same period last year. This was mainly
Slide 5: NAV movement in Q3 2022
NAV movement in Q3 2022 Asset base Q3 2022 Q2 2022 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,094 0.05 0.57 2,297 0.06 0.57 property Assets held for 2,480 0.06 0.62 2,480 0.06 0.62 sale Inventories 6,544 0.16 1.77 7,082 0.17 1.77 Cash 3,821 0.09 1.04 4,152 0.10 1.04 Oth
Slide 6: Financial highlights 3Q.22 - IFRS
Financial highlights 3Q.22- IFRS EUR '000 Q3 2022 Q3 2021 Operating Revenue 2,212 2,043 Operating Expenses 59 366 Other operating income/ (expense), net (1,458) (1,413) Net financial income/(cost) 64 (92) Pre-tax result 876 904 Result for the period 760 903 Total assets 17,704 16,744 Total liabiliti
Slide 7: RomReal Properties Q3 2022
RomReal Properties Q3 2022 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 5.937 2 Badulescu plot Constanta North/Ovidiu 50,000 3 Ovidiu (Oasis) Constanta North/Ovidiu 23,103 4 Centrepoint Constanta North/Ovidiu 121,672 5 Gunaydin plot Constanta North/Ovidiu 15,000 6 Balada Mar
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – The Company has sold 2 plots during the quarter. Street and utilities have been delivered to the City Hall for public use according to agreement. The City Hall is presently delivering the utilities to the water company. RomReal is marketing the
Slide 9: Romanian Macro development
Romanian Macro development • The Romanian GDP advanced to 4% year-on-year in the third quarter of 2022, easing from 5.1% growth in the previous quarter, and missing market expectations of 5.5%, a preliminary flash estimate showed. It was the third straight quarter of expansion in the GDP, but the we
Slide 10: Apartment Price Development (End September 22)
Apartment Price Development (End September 22) • Asking prices for apartments and houses in Romania decreased in the third quarter of 2022 compared the second quarter of 2022 (EUR 1,745), to EUR 1,705/m2 at the end of 3Q 2022. • In Constanta, average prices decreased by 3.58% during the third quarte
Slide 11: RomReal shareholders as at 18/11/2022
RomReal shareholders as at 18/11/2022 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,913,006 14.29% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 18 November 2022. 4 SAGA EIENDOM AS 3,386,636 8.19% 5 AUSTBØ, EDVIN 2,108,500 5.10%
Slide 12: Main focus areas going forward
Main focus areas going forward • Even though, the Romanian first half 2022 GDP flash growth numbers was strong, the Board expects a slower growth ahead combined with an increasing inflation and weakening Government finances. • In order to speed up an exit and target a higher profitability on the att
Slide 13: 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