Romreal Ltd. · OSL:ROM
Romreal — Q4 2023 Earnings Presentation
13 slides from Romreal's earnings presentation, Feb 23, 2024
Slide 1: RomReal Limited Investor presentation Q4 2023 results
RomReal Limited Investor presentation Third Quarter (Q4) 2023 results Kjetil Gronskag 23 February 2024 This Presentation of the Q4 2023 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2023 Report which is filed on Eu
Slide 2: Contents
Contents Q4 2023 highlights 3-4 NAV movement in Q4 2023 5 Financial highlights 4Q.23 – IFRS 6 RomReal Properties per 4Q 2023 7 Operational highlights 8 Romania Macro Developments 9 Apartment Price Development 10 RomReal shareholders 11 Outlook 12 Contact details 13 RomReal Limited – Fourth quarter 2
Slide 3: Q4 2023 results – Highlights
Q4 2023 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.41 (NOK 4.60, before any tax) per share, an increase of 1.4% measured in EUR from the end of the third quarter 2023. EUR/NOK was 10.51 end 2022 versus 11.23 by the end of Q4.23. Operational highlights • During the Fourth
Slide 4: Q4 2023 results – Highlights
Q4 2023 results – Highlights Financial Results • Net Result for the quarter was a loss of EUR 505,000, compared to a EUR 1,001,000 loss in 4Q 2022. Net change in cash flow for the quarter was a positive EUR 157,000 compared to positive of EUR 277,000 in the same period last year. This was mainly due
Slide 5: NAV movement in Q4 2023
NAV movement in Q4 2023 Asset base Q4 2023 Q3 2023 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 3,016 0.07 0.82 2,877 0.07 0.78 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 6,686 0.16 1.82 6,932 0.17 1.89 Cash 3,480 0.08 0.94 3,323 0.08 0.90 Other 3,750
Slide 6: Financial highlights 4Q.23 - IFRS
Financial highlights 4Q.23- IFRS EUR '000 Q4 2023 Q4 2022 Operating Revenue 131 635 Operating Expenses (705) (982) Other operating income/ (expense), net (3) (739) Net financial income/(cost) 84 42 Pre-tax result (494) (1,044) Result for the period (505) (1,001) Total assets 17,398 16,724 Total liab
Slide 7: RomReal Properties Q4 2023
RomReal Properties Q4 2023 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 2,153 2 Ovidiu residence Constanta North/Ovidiu 9,946 3 Ovidiu (Oasis) Constanta North/Ovidiu 22,041 4 Centrepoint Constanta North/Ovidiu 121,672 5 Ovidiu Residence 2 and 3 Constanta North/Ovidiu 15,000
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – Following the end of Q4 2023, the Company concluded sale of one plot from the Ovidiu Lake Side project. Two houses on the plot are still for sale as well as one plot of land for EUR 0.06m. Street and utilities have been delivered to the City Hal
Slide 9: Romanian Macro development
Romanian Macro development • According to the European Commission (last update 15th Feb 2024), the 2023 GDP growth is estimated to have decelerated to 1.8%, a downward revision from the autumn statement. After a weak 3 rd quarter, short term indicators signal that the Romanian economy regained some
Slide 10: Apartment Price Development (End December 23)
Apartment Price Development (End December 23) • Starting from January 2023, the calculation methodology of the Imobiliare.ro index has been improved following a major upgrade. Therefore, the value of the Imobiliare.ro index have been replaced by the data obtained by applying the new methodology for
Slide 11: RomReal shareholders as at 18/02/2024
RomReal shareholders as at 18/02/2024 Owner Rank Name Holding ship 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,913,006 14.29% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 18 February 2024. 4 SAGA EIENDOM AS 3,386,636 8.19% 5 AUSTBØ, EDVIN 2,108,500 5
Slide 12: Outlook
Outlook • Romania has an open economy and should be mindful of the uncertain global backdrop. 2024 is also a mayor election year in Romania and that is always creating some extra political turbulence. The surprising uptick in inflation in January this year would indicate the first expected cut in in
Slide 13: 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