Romreal Ltd. · OSL:ROM
Romreal — Q3 2021 Earnings Presentation
15 slides from Romreal's earnings presentation, Nov 26, 2021
Slide 1: Investor presentation Third Quarter (Q3) 2021 results
RomReal Limited Investor presentation Third Quarter (Q3) 2021 results Kjetil Gronskag 26 November 2021 This Presentation of the Q3 2021 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2021 Report which is filed on Os
Slide 2: Contents
Contents Q3 2021 highlights 3-4 NAV movement in Q3 2021 5 Financial highlights 3Q.21 – IFRS 6 RomReal Properties per 3Q 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: Q3 2021 results – Highlights
Q3 2021 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.39 (NOK 4.10 before any tax) per share, that being about 6% higher compared to the end of the second quarter 2021. • The year-end 2020 valuation was concluded by Knight Frank in February 2021 therefore no further adjustme
Slide 4: Q3 2021 results – Highlights (Financial results, macro)
Q3 2021 results – Highlights Financial Results • Net Result for the quarter was EUR 903,000, compared to a EUR 13,000 loss in 3Q 2020. Net change in cash flow for the quarter was a positive EUR 2,374,000 compared to surplus of EUR 183,000 in the same period last year. This was mainly due to the ongo
Slide 5: NAV movement in Q3 2021
NAV movement in Q3 2021 Asset base Q3 2021 Q2 2021 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,768 0.07 0.71 4,149 0.10 1.07 property Assets held for 2,254 0.05 0.58 2,247 0.05 0.58 sale Inventories 7,700 0.19 1.98 7,014 0.17 1.80 Cash 3,581 0.09 0.92 1,257 0.03 0.32 Oth
Slide 6: Financial highlights 3Q.21 - IFRS
Financial highlights 3Q.21- IFRS EUR '000 Q3 2021 Q3 2020 Operating Revenue 2,043 32 Operating Expenses 366 (186) Other operating income/ (expense), net (1,413) 135 Net financial income/(cost) (92) 9 Pre-tax result 904 (10) Result for the period 903 (13) Total assets 16,744 19,020 Total liabilities
Slide 7: RomReal Properties Q3 2021
RomReal Properties Q3 2021 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 23,530 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 has been finalised in October 2021. Oasis (No. 3 on the table) – The Company has commenced the process to re-authorise the works to finalise the blocks er
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 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 third quarter after already returning to pre-pandemic level in the second quarter. • Flash data from the National Statistics Institute indicate a GDP growth of 8% in 3 Q 2021, compared to the same perio
Slide 11: Romania Real Estate Update
Romania Real Estate Update • Compared to the 1.I-30.IX.2020 period, in the 1.I-30.IX.2021 period, the volume of construction works increased, as gross series, by 0.4% and rose, as adjusted series according to the number of working days and to seasonality, by 0.3%. • By construction objects, the volu
Slide 12: Apartment Price Development (End September 21)
Apartment Price Development (End September 21) • Asking prices for apartments and houses in Romania gained 2% in Romania the third quarter of 2021 compared second quarter of 2021. Q3 2021 average residential prices in Romania reached an average price of EUR 1,507/sqm compared to 1,480/sqm at the end
Slide 13: RomReal shareholders as at 18/11/2021
RomReal shareholders as at 18/11/2021 •(1) This is the Top 20 Rank Name Holding Stake Shareholder list as per 18 November 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 4,746,127 11.47% issued at end Q3 4
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