Romreal Ltd. · OSL:ROM
Romreal — Q2 2020 Earnings Presentation
15 slides from Romreal's earnings presentation, Aug 28, 2020
Slide 1: RomReal Limited Investor presentation Q2 2020 results
RomReal Limited Investor presentation Second Quarter (Q2) 2020 results Harris Palaondas - IR Webcast 28 August 2020 This Presentation of the Q2 2020 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2020 Report which i
Slide 2: Contents
Contents Q2 2020 highlights 3-4 NAV movement in Q2 2020 5 Financial highlights – IFRS 6 RomReal Properties per Q2 2020 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 14 Con
Slide 3: Q2 2020 results – Highlights
Q2 2020 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.45 (NOK 4.78 before tax) per share, that being about 0.3% higher compared to the end of the first quarter 2020. • The year-end 2020 valuation was concluded by Knight Frank in February 2020, and therefore no further change
Slide 4: Q2 2020 results – Highlights
Q2 2020 results – Highlights Financial Results • Net Result for the quarter was EUR 196,000 loss compared to a EUR 138,000 gain in 2Q 2019. Net change in cash flow for the quarter was a negative EUR 62,000 compared to minus EUR 26,000 in the same period last year. • At the end of the quarter, the Co
Slide 5: NAV movement in Q2 2020
NAV movement in Q2 2020 Asset base Q2 2020 Q2 2019 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 3,755 0.09 0.97 10,776 0.31 3.03 property Assets held for 2,329 0.06 0.60 275 0.01 0.07 sale Inventories 8,975 0.22 2.31 2,690 0.07 0.64 Cash 2,808 0.07 0.72 3,099 0.07 0.74 Othe
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q2 2020 Q2 2019 Operating Revenue 190 41 Operating Expenses (176) (250) Other operating income/ (expense), net (37) 45 Net financial income/(cost) (171) 302 Pre-tax result (195) 138 Result for the period (196) 138 Total assets 18,819 19,830 Total liabilities 255
Slide 7: RomReal Properties Q2 2020
RomReal Properties Q2 2020 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 52,465 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 (No.1 on the table) • The contract for the electrical connection of the area was signed. • A showroom house construction has commenced on the plot since early June in order to improve marketing and it is expected to be finished in November. • Additionally, during the
Slide 9: Operational highlights 2
Operational highlights 2 Contestation against the Tax Authority Decision no. F-CT 344/29.05.2018 • Due to very recent legal regulations issued by the Government the Company’s may avoid paying the interest/penalty proportion of the claim, which is EUR 0.65m out of the total claim of EUR 1.7m. • This
Slide 10: Romanian Macro development
Romanian Macro development • Romania's economy recorded a decline of 12.3% in the second quarter of this year according to flash data released by the National Institute of Statistics, INS. • Compared to Q2 2019, the GDP decreased by 10.5%. In the first half of 2020, the GDP contracted, compared to t
Slide 11: Romania Real Estate Update
Romania Real Estate Update • The volume of commercial real estate transactions in Romania - offices, retail, industrial and logistics projects, hotels - increased in the first half of 2020 by 21% compared to the same period last year, reaching EUR 410m, according to JLL Romania. • Yields remained hi
Slide 12: Apartment Price Development (July 20)
Apartment Price Development (July 20) Romania • Average apartment prices in Romania reached EUR 1,309/sqm resulting in a decrease of around 1.8% compared to June 2020. Still prices are higher by 4.8% compared to July 2019 Constanta • Average apartment prices in Romania reached EUR 1,228/sqm resultin
Slide 13: RomReal shareholders as at 19/08/2020
RomReal shareholders as at 19/08/2020 RANK SHARES % SHAREHOLDER (1) This is the Top 20 1 10,331,934 24.98% SIX SIS AG Shareholder list as 2 5,392,985 13.04% THORKILDSEN, WENCHE SYNNØVE per 19AUG2020. 3 4,422,475 10.61% GRØNSKAG, KJETIL (2) The total issued number of shares 4 3,262,976 7.89% SAGA EIE
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 improve the shareholder value and exit. • This includes, among others, increased sales & marketing efforts, and if deemed required some infra-structure investments, and mor
Slide 15: Thank you
Thank you Investor Relations Harris Palaondas +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 inf