Romreal Ltd. · OSL:ROM
Romreal — Q3 2016 Earnings Presentation
15 slides from Romreal's earnings presentation, Nov 25, 2016
Slide 1: Q3 2016 results
RomReal Limited Investor presentation Q3 2016 results Arne Reinemo - Director DnB Markets Event 25 November 2016 This Presentation of the Q3 2016 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2016 Report which is f
Slide 2: Contents
Contents Q3 2016 highlights 3 NAV movement in Q3 2016 4 Financial highlights – IFRS 5 RomReal Properties per Q3 2016 6 Mamaia Nord Plot Operational highlights 7 Romania Macro Developments 8 Romania Real Estate Update 9 Apartment Price Development 10 RomReal shareholders 12 Lake Morii Plot - Buchares
Slide 3: Q3 2016 results – Highlights
Q3 2016 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.42 (NOK 3.90) per share at the end of Q3 2016, a 1.4% reduction compared to the end of Q2 2016 Operational highlights • RomReal sold several smaller properties during the quarter (Corallia, Peninsula and Lakeside). The Co
Slide 4: NAV movement in Q3 2016
NAV movement in Q3 2016 Asset base Q3 2016 Q2 2016 EUR ’000 EUR/share NOK/share EUR ’000 EUR/share NOK/share Investment 26,192 0.63 5.89 26,278 0.64 5.91 property Inventories 2,278 0.06 0.51 2,287 0.06 0.51 Cash 289 0.01 0.06 313 0.01 0.07 Other (11,415) (0.28) (2.57) (11,276) (0.27) (2.54) assets/(
Slide 5: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q3 2016 Q3 2015 YTD 2016 YTD 2015 Operating Revenue 132 138 450 1,400 Operating Expenses (176) (247) (645) (665) Other operating income/ (expense), net (574) (512) (680) (1,578) Net financial income/(cost) 976 940 1,021 795 Pre-tax result 261 243 (147) (280) Resu
Slide 6: RomReal Properties Q3 2016
RomReal Properties Q3 2016 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 61,433 2 Badulescu plot Constanta North/Ovidiu 50,000 3 Ovidiu Town Constanta North/Ovidiu 4,641 4 Ovidiu (Oasis) Constanta North/Ovidiu 24,651 5 Centrepoint Constanta North/Ovidiu 121,672 6 Gunaydin plo
Slide 7: Operational highlights
Operational highlights • RomReal sold the last plot at Tartar Peninsula and three parking spaces at the Corralia apartment Complex • RomReal sold a small part of the Lake Side Plot for EUR 190,000 with expected close in late Q1 2017. The sales price was above IFRS book value • The Company has severa
Slide 8: Romanian Macro development
Romanian Macro development • Romania continue to grow quickly. The GDP growth rate for 3Q 2016 was 4.4% and growth for 2016 is now expected to come in at 4.8%. Analysts upgrade their estimates for 2017 – now expecting around 3.8% • Slower growth in private consumption and capital investments are exp
Slide 9: Romania Real Estate Update
Romania Real Estate Update • Real estate transactions in Romania grew 80% in the first half of 2016, to an estimated EUR 340 million, according to property consultancy JLL. The number of real estate transactions grew with 10% in the same period, indicating that the average transaction size moves up.
Slide 10: Apartment Price Development (October)
Apartment Price Development (October) Romania • Apartment prices in Romania have seen an increase of 6.3% to EUR 1,042 per m2 compared with the same period last year • Since the bottom in Dec. 2014, the average price has increased 17.0% Constanta • Apartment prices in Constanta have seen an increase
Slide 11: Real Estate market examples
Real Estate market examples RomReal Limited – Third quarter 2016 11
Slide 12: RomReal shareholders as at 18/11/2016
RomReal shareholders as at 18/11/2016 Shareholder Holding Percentage (1) This is the Top 20 Shareholder list as per 18 SIX SIS AG 25PCT ACCOUNT 10,336,254 24.99 November 2016. THORKILDSEN DØDSBO KAY TØNNES 5,415,756 13.09 (2) The total issued GRØNSKAG KJETIL 3,888,449 9.40 number of shares issued at
Slide 13: Market capitalization and NAV development
Market capitalization and NAV development NOK million Source: Company; OSE; Infront; Market capitalization numbers for 2007 and 2008 are Company estimates. Exchange rate YE for both quarters in year . RomReal Limited – Third quarter 2016 13
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal has good progress in several on-going regulation processes including Oasis & Lakeside which enables several larger plots for attractive exits • PUZ obtained on Mamaia North early November 2016 • The Company expects further asset sales before the close of the
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