Romreal Ltd. · OSL:ROM
Romreal — Q4 2019 Earnings Presentation
15 slides from Romreal's earnings presentation, Feb 28, 2020
Slide 1: RomReal Limited Investor presentation Q4 2019 results
RomReal Limited Investor presentation Third Quarter (Q4) 2019 results Harris Palaondas - IR Webcast 28 February 2020 This Presentation of the Q4 2019 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2019 Report which
Slide 2: Contents
Contents Q4 2019 highlights 3-4 NAV movement in Q4 2019 5 Financial highlights – IFRS 6 RomReal Properties per Q4 2019 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 2019 results – Highlights
Q4 2019 results – Highlights Net Asset Value (NAV) • Net Asset value pre any tax was EUR 0.44 (NOK 4.42) per share, being 3.2% lower compared to the end of the third quarter 2019 mainly affected by the EUR 1.2m unrealized foreign exchange losses due to RON depreciation against the EUR affecting the
Slide 4: Q4 2019 results – Highlights
Q4 2019 results – Highlights Financial Results • Net Result for the quarter was EUR 814,000 loss compared to a EUR 779,000 loss in 4Q 2018. Operating cash flow for the quarter was a positive EUR 134,000 compared to minus EUR 310,000 in the same period last year. • At the end of the quarter, the Comp
Slide 5: NAV movement in Q4 2019
NAV movement in Q4 2019 Asset base Q4 2019 Q3 2019 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 10,594 0.26 2.53 11,287 0.27 2.69 property Assets held for sale 2,320 0.06 0.55 2,191 0.05 0.52 Inventories 2,521 0.06 0.60 2,492 0.06 0.59 Cash 2,371 0.06 0.57 2,490 0.06 0.59 O
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q4 2019 Q4 2018 Operating Revenue 427 37 Operating Expenses (127) (368) Other operating income/ (expense), net 300 (467) Net financial income/(cost) (298) (0) Pre-tax result (789) (798) Result for the period (814) (779) Total assets 19,013 20,020 Total liabilitie
Slide 7: RomReal Properties Q4 2019
RomReal Properties Q4 2019 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 57,324 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 first quarter of 2020, the Company entered sale agreement for 4 more plots, for a total consideration of EUR 565,500. Oasis (No. 3 on the table) • The Company is still negotiating with ENEL the costs and conditions for the grid connec
Slide 9: Operational highlights 2
Operational highlights 2 Contestation against the Tax Authority Decision no. F-CT 344/29.05.2018 • During June 2019, the Company managed to obtain a second Court of Appeal decision confirming the fact that no attachments to the bank accounts and/or lands belonging to Westhouse Group, • On 5th of Nov
Slide 10: Romanian Macro development
Romanian Macro development • The Romanian GDP expanded 4.3 percent year-on-year in the fourth quarter of 2019, following a 3.0 percent growth in the previous period and beating market expectations of 3.3 percent, a preliminary estimate showed. • On a seasonally adjusted quarterly basis, the economy
Slide 11: Romania Real Estate Update
Romania Real Estate Update • The volume of real estate investments in Romania exceeded the EUR 1 billion threshold in 2019, reaching about EUR 1.06 billion after a 7% annual advance compared to 2018, real estate consultancy Company CBRE Romania estimates. • The performance reached in 2019 also marks
Slide 12: Apartment Price Development (31 Jan 20)
Apartment Price Development (31 Jan 20) Romania • Average apartment prices in Romania reached EUR 1,346/sqm resulting in a total increase of circa 9.5% compared to January 2019 Constanta • Average apartment prices in Constanta reached EUR 1.232/sqm, with growth of 10.7% compared to January 2019 RomR
Slide 13: RomReal shareholders as at 19/02/2020
RomReal shareholders as at 19/02/2020 No Holding % Holding Name (1) This is the Top 20 Shareholder list as per 1 10,331,934 24.98% SIX SIS AG 19FEB2020. 2 5,392,985 13.04% THORKILDSEN, WENCHE SYNNØVE (2) The total issued 3 4,332,717 10.50% GRØNSKAG, KJETIL number of shares 4 3,262,976 7.89% SAGA EIE
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, investments to improve the sale-ability of certain plots and to commence and to some extent conclude regulation processes. • The Co
Slide 15: Thank you
Thank you Investor Relations Harris Palaondas +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 inf