Romreal Ltd. · OSL:ROM
Romreal — Q4 2024 Earnings Presentation
13 slides from Romreal's earnings presentation, Feb 28, 2025
Slide 1: RomReal Limited Investor presentation Q4 2024 results
RomReal Limited Investor presentation Fourth Quarter (Q4) 2024 results Kjetil Gronskag 28 February 2025 This Presentation of the Q4 2024 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2024 Report which is filed on E
Slide 2: Contents
Contents Q4 2024 highlights 3-4 NAV movement in Q4 2024 5 Financial highlights 4Q.24 – IFRS 6 RomReal Properties per 4Q 2024 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 2024 results – Highlights
Q4 2024 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.37 (NOK 4.39, before any tax) per share, down 8.2% from Q3 2024. EUR/NOK was 11.79 end of Q4 2024 versus 11.76 by the end of 3Q 2024. The main reason for the relatively large reduction in Net asset value is due to the tem
Slide 4: Q4 2024 results – Highlights
Q4 2024 results – Highlights Financial Results • Net Result for the quarter was a loss of EUR 1,194,000, compared to a loss of EUR 505,000 in 4Q 2023. Net change in cash flow for the quarter was a negative EUR 260,000 compared to positive of EUR 157,000 in the same period last year. This was mainly
Slide 5: NAV movement in Q4 2024
NAV movement in Q4 2024 Asset base Q4 2024 Q3 2024 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,607 0.06 0.74 2,377 0.06 0.68 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 6,791 0.16 1.94 7,392 0.18 2.10 Cash 3,858 0.09 1.10 4,118 0.10 1.17 Other 2,150
Slide 6: Financial highlights 4Q.24- IFRS
Financial highlights 4Q.24- IFRS EUR '000 Q4 2024 Q4 2023 Operating Revenue 191 131 Operating Expenses (1,497) (764) Other operating income/ (expense), net 123 56 Net financial income/(cost) 63 84 Pre-tax result (1,120) (494) Result for the period (1,194) (505) Total assets 15,945 17,398 Total liabi
Slide 7: RomReal Properties Q4 2024
RomReal Properties Q4 2024 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 1,126 2 Ovidiu (Oasis) Constanta North/Ovidiu 21,418 3 Centrepoint Constanta North/Ovidiu 121,672 4 Ovidiu Residence 3 Constanta North/Ovidiu 7,100 5 Balada Market Central Constanta 7,188 For further inf
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – the houses are still for sale. The final transfer of the agreed land (promenade area), about 700m2, to the municipality of Ovidiu is planned to take place mid-2025. Oasis (No. 2 on the table) –The Company has finalised the works for water and se
Slide 9: Romanian Macro development
Romanian Macro development • The National Bank of Romania policymakers decided to keep the key rate at 6.50% on 14 February. The NBR’s decision took into account inflationary pressures, political risk and the ongoing fiscal policy uncertainty. The European Commission has an inflation estimate of 3.9
Slide 10: Apartment Price Development (End December 24)
Apartment Price Development (End December 24) • Asking prices for apartments and houses in Romania increased in the Fourth quarter of 2024 compared to Third quarter of 2024 (EUR 1,656/m2) to EUR 1,710/m2 at the end of 4Q 2024 and EUR 1,739/m2 at the end of January 2025. • In Constanta, average price
Slide 11: RomReal shareholders as at 15/02/2025
RomReal shareholders as at 15/02/2025 Rank Name Holding Ownership • This is the Top 20 Shareholder list as per 1 SIX SIS AG 10,328,200 24.97% 15 February 2025. 2 GRØNSKAG, KJETIL 6,023,006 14.56% 3 THORKILDSEN, WENCHE 5,392,985 13.04% • The total issued 4 SAGA EIENDOM AS 3,386,636 8.19% number of sh
Slide 12: Outlook
Outlook • After the annulled President election in December 2024 a new President election is scheduled for 4 May and likely also 18 May 2025. 18 May is only relevant if no candidate gets more than 50% of the votes on 4 May. The National Bank of Romania policymakers decided to keep the key rate at 6.
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