Romreal Ltd. · OSL:ROM
Romreal — Q4 2020 Earnings Presentation
15 slides from Romreal's earnings presentation, Feb 26, 2021
Slide 1: RomReal Limited Investor presentation Q4 2020 results
RomReal Limited Investor presentation Fourth Quarter (Q4) 2020 results Harris Palaondas - IR Webcast 26 February 2021 This Presentation of the Q4 2020 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2020 Report which
Slide 2: Contents
Contents Q4 2020 highlights 3-4 NAV movement in Q4 2020 5 Financial highlights – IFRS 6 RomReal Properties per Q4 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: Q4 2020 results – Highlights
Q4 2020 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.36 (NOK 3.87 before any tax) per share, that being 18.2% lower compared to the end of the third quarter 2020. • The year-end 2020 valuation was concluded by Knight Frank in February 2021 and the values of the Group’s inve
Slide 4: Q4 2020 results – Highlights
Q4 2020 results – Highlights Financial Results • Net Result for the quarter was EUR 2.94 million loss compared to a EUR 0.81 million loss in 4Q 2019. Net change in cash flow for the quarter was a negative EUR 1.35 million compared to minus EUR 0.12 million in the same period last year. This was main
Slide 5: NAV movement in Q4 2020
NAV movement in Q4 2020 Asset base Q4 2020 Q4 2019 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,761 0.07 0.71 10,594 0.26 2.53 property Assets held for sale 2,240 0.05 0.58 2,320 0.06 0.55 Inventories 8,419 0.20 2.17 2,521 0.06 0.60 Cash 1,207 0.03 0.31 2,371 0.06 0.57 Ot
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q4 2020 Q4 2019 Operating Revenue 446 428 Operating Expenses (480) (127) Other operating income/ (expense), net (34) 301 Net financial income/(cost) 5 (298) Pre-tax result (3,453) (789) Result for the period (3,439) (813) Total assets 16,414 19,013 Total liabilit
Slide 7: RomReal Properties Q4 2020
RomReal Properties Q4 2020 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 49,403 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) • During the fourth quarter 2020, the Company sold a total of 16 plots from the Lake side project for a total consideration of EUR 0.356m. • So far during the first quarter 2021, the Company sold 4 plots for a total EUR 0.159m. Oasis (No. 3 on the
Slide 9: Operational highlights 2
Operational highlights 2 Restitution claim, plot of 1,453 sqm, Constanta Court case no. 2567/118/2016 • The Company successfully obtained late 2020 a final and irrevocable order of Constanta Court of Appeal who decided restitution of the land in full. • The piece of land is already agreed to be sold
Slide 10: Romanian Macro development
Romanian Macro development • Romania’s Gross Domestic Product has dropped by 3.9% during the pandemic year of 2020, compared to 2019, according to the latest flash report by the National Institute of Statistics (INS). • In Q4 2020, the Gross Domestic Product increased by 5.3% compared with the third
Slide 11: Romania Real Estate Update
Romania Real Estate Update • Romania’s total investment volume accounted at the end of 2020 for EUR 588 million. a value almost half of the one registered in the record year of 2019, but similar with the one registered in 2015, a starting growth year. • Capitalizing on the momentum gained in the pre
Slide 12: Apartment Price Development (Jan 21)
Apartment Price Development (Jan 21) • During Jan 2021 residential Romania average prices in Romania apartments remained flat compared to the end of the 4th quarter 2020 and 1.1% higher compare with the same period last year. Average prices are at EUR 1.361 per m2 • In Constanta, average prices Cons
Slide 13: RomReal shareholders as at 23/02/2021
RomReal shareholders as at 23/02/2021 (1) This is the Top 20 No SHAREHOLDER SHARES % Shareholder list as per 1 SIX SIS AG 10,331,934 24.98% 20NOV2020. 2 THORKILDSEN, WENCHE SYNNØVE 5,392,985 13.04% (2) The total issued 3 GRØNSKAG, KJETIL 4,451,626 10.76% number of shares 4 SAGA EIENDOM AS 3,262,976
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal 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 more resources into regulation
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