Romreal Ltd. · OSL:ROM
Romreal — Q2 2022 Earnings Presentation
14 slides from Romreal's earnings presentation, Aug 26, 2022
Slide 1: RomReal Limited Investor presentation Q2 2022 results
RomReal Limited Investor presentation Second Quarter (Q2) 2022 results Kjetil Gronskag 26 August 2022 This Presentation of the Q2 2022 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2022 Report which is filed on Eur
Slide 2: Contents
Contents Q2 2022 highlights 3-4 NAV movement in Q2 2022 5 Financial highlights 2Q.22 – IFRS 6 RomReal Properties per 2Q 2022 7 Operational highlights 8-9 Romania Macro Developments 10 Apartment Price Development 11 RomReal shareholders 12 Main focus areas going forward 13 Contact details 14 RomReal
Slide 3: Q2 2022 results – Highlights
Q2 2022 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.40 (NOK 4.13, before any tax) per share, a decrease of 3.6% measured in EUR from the end of the first quarter 2022. Operational highlights • During the second quarter of 2022, the Company sold one plot from the Ovidiu Lak
Slide 4: Q2 2022 results – Highlights
Q2 2022 results – Highlights Financial Results • Net Result for the quarter was a loss of EUR 727,000, compared to a EUR 380,000 loss in 2Q 2021. Net change in cash flow for the quarter was a negative EUR 218,000 compared to positive of EUR 10,000 in the same period last year. This was mainly due to
Slide 5: NAV movement in Q2 2022
NAV movement in Q2 2022 Asset base Q2 2022 Q1 2022 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,297 0.06 0.57 2,034 0.05 0.48 property Assets held for 2,480 0.06 0.62 2,482 0.06 0.58 sale Inventories 7,082 0.17 1.77 7,623 0.18 1.79 Cash 4,152 0.10 1.04 4,370 0.11 1.03 Oth
Slide 6: Financial highlights 2Q.22 - IFRS
Financial highlights 2Q.22- IFRS EUR '000 Q2 2022 Q2 2021 Operating Revenue 105 331 Operating Expenses (482) (243) Other operating income/ (expense), net (336) (58) Net financial income/(cost) 20 (407) Pre-tax result (693) (377) Result for the period (727) (380) Total assets 17,499 15,340 Total liab
Slide 7: RomReal Properties Q2 2022
RomReal Properties Q2 2022 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 14.753 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 sold only one plot during the quarter. Street and utilities have been delivered to the City Hall for public use according to agreement. The City Hall is presently delivering the utilities to the water company. RomReal is marketin
Slide 9: Operational highlights
Operational highlights Ovidiu Residence 3 (former 7,100 sqm) – The Company has commenced a process to regulate the plot located nearby the road between Ovidiu and Constanta for residential use. It is expected to include infrastructure investments. It is expected the urbanistic regulation of the plot
Slide 10: Romanian Macro development
Romanian Macro development • The Romanian GDP grew by 5.3% year-on-year in the second quarter of 2022, beating market consensus of a 3.5% growth, following a 6.4% gain in the previous period. It was the fifth straight quarter of expansion in the GDP, amid a lifting Covid-19 restrictions. On a season
Slide 11: Apartment Price Development (End June 22)
Apartment Price Development (End June 22) • Asking prices for apartments and houses in Romania continued to increase in the second quarter of 2022 compared the first quarter of 2022 (EUR 1,654), up to EUR 1,745/m2 at the end of 2Q 2022 and EUR 1,722/ m2 at the end of July 2022. • In Constanta, avera
Slide 12: RomReal shareholders as at 15/08/2022
RomReal shareholders as at 15/08/2022 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,792,823 14.00% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 15 August 2022. 4 SAGA EIENDOM AS 3,311,526 8.01% 5 AUSTBØ, EDVIN 2,108,500 5.10% •(
Slide 13: Main focus areas going forward
Main focus areas going forward • Even though, the Romanian first half 2022 GDP flash growth numbers was strong, the Board expects a slower growth ahead combined with an increasing inflation and weakening Government finances. • In order to speed up an exit and target a higher profitability on the att
Slide 14: Thank you
Thank you Investor Relations Kjetil Gronskag +40 731123037 | investors@romreal.com 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