Romreal Ltd. · OSL:ROM
Romreal — Q4 2021 Earnings Presentation
15 slides from Romreal's earnings presentation, Feb 25, 2022
Slide 1: RomReal Limited Investor presentation Q4 2021 results
RomReal Limited Investor presentation Fourth Quarter (Q4) 2021 results Kjetil Gronskag 25 February 2022 This Presentation of the Q4 2021 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2021 Report which is filed on O
Slide 2: Contents
Contents Q4 2021 highlights 3-4 NAV movement in Q4 2021 5 Financial highlights 4Q.21 – IFRS 6 RomReal Properties per 4Q 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: Q4 2021 results – Highlights
Q4 2021 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.41 (NOK 4.33, before any tax) per share, about 5.5% higher compared to the end of the third quarter 2021 • The year-end 2021 valuation was concluded by Colliers in January 2022 and reflects the updated market conditions a
Slide 4: Q4 2021 results – Highlights
Q4 2021 results – Highlights Financial Results • Net Result for the quarter was EUR 901,000, compared to a EUR 3.439,000 loss in 4Q 2020. Net change in cash flow for the quarter was a positive EUR 226,000 compared to negative of EUR 1,350,000 in the same period last year. This was mainly due to the
Slide 5: NAV movement in Q4 2021
NAV movement in Q4 2021 Asset base Q4 2021 Q3 2021 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 4,997 0.12 1.29 2,768 0.07 0.71 property Assets held for 2,480 0.06 0.64 2,254 0.05 0.58 sale Inventories 5,707 0.14 1.47 7,700 0.19 1.98 Cash 3,807 0.09 0.98 3,581 0.09 0.92 Oth
Slide 6: Financial highlights 4Q.21- IFRS
Financial highlights 4Q.21- IFRS EUR '000 Q4 2021 Q4 2020 Operating Revenue 1,079 446 Operating Expenses 995 (1,994) Other operating income/ (expense), net (1,127) (1,909) Net financial income/(cost) (1) 5 Pre-tax result 946 (3,453) Result for the period 893 (3,439) Total assets 18,037 15,340 Total
Slide 7: RomReal Properties Q4 2021
RomReal Properties Q4 2021 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 18.288 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 and sold 14 plots during fourth quarter and another 3 plots hitherto 2022. Street and utilities have been delivered to the City Hall for public use according to agreement. Oasis (No.
Slide 9: Operational highlights 2
Operational highlights 2 Restitution claim, plot of 1,453 sqm, Constanta Court case no. 2567/118/2016 The piece of land is agreed sold to the buyer of the Company’s previous Mamaia North plot and the agreed proceeds about EUR 390,000 is received in full 21 February 2022. 9 RomReal Limited – Fourth q
Slide 10: Romanian Macro development
Romanian Macro development • The Romanian economy’s recovery to pre-pandemic levels has been driven, amongst others, by consumption, which, in turn, was sustained by the resilient labour market. • The slowdown in the fourth quarter of 2021 may be explained by the rising energy prices. Such a re-alig
Slide 11: Romania Real Estate Update
Romania Real Estate Update • No of Building Permits Issued: Dwellings from Residential Buildings data was reported at 10,408. Unit in Dec 2021. This records an increase from the previous number of 9,187. Unit for Nov 2021. No of Building Permits Issued: Dwellings from Residential Buildings data is u
Slide 12: Apartment Price Development (End December 21)
Apartment Price Development (End December 21) • Asking prices for apartments and houses in Romania gained 5.7% in the Romania fourth quarter of 2021 compared third quarter of 2021. Q4 2021 average residential prices in Romania reached an average price of EUR 1,593/sqm and EUR 1,596/ m2 at the end of
Slide 13: RomReal shareholders as at 21/02/2022
RomReal shareholders as at 21/02/2022 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,752,914 13.90% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 21 February 2022. 4 SAGA EIENDOM AS 3,311,526 8.01% 5 AUSTBØ, EDVIN 2,108,500 5.10%
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal, according to the strategy, is focusing on land value enhancing activities • In order to speed up an exit and target a higher profitability on the attractive located Oasis project, the Board of Directors have decided to provide the financial resources to comp
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