Romreal Ltd. · OSL:ROM
Romreal — Q3 2018 Earnings Presentation
14 slides from Romreal's earnings presentation, Nov 30, 2018
Slide 1: RomReal Limited Investor presentation Q3 2018 results
RomReal Limited Investor presentation Third Quarter (Q3) 2018 results Harris Palaondas - IR Webcast 30 November 2018 This Presentation of the Q3 2018 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2018 Report which
Slide 2: Contents
Contents Q3 2018 highlights 3-4 NAV movement in Q3 2018 5 Financial highlights – IFRS 6 RomReal Properties per Q3 2018 7 Operational highlights 8 Romania Macro Developments 9 Romania Real Estate Update 10 Apartment Price Development 11 RomReal shareholders 12 Main focus areas going forward 13 Contac
Slide 3: Q3 2018 results – Highlights
Q3 2018 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.49 (NOK 4.86) per share, remaining at the same level as the end of second quarter 2018. • There were no changes made to the value of the investment properties during the quarter. Operational highlights • A conditional sal
Slide 4: Q3 2018 results – Highlights
Q3 2018 results – Highlights Financial Results • Net Result for the quarter was EUR 18,000 loss compared to a EUR 361,000 loss in 3Q 2017 • Operating cash flow for the quarter was a negative EUR 284,000 compared to minus EUR 195,000 in the same period last year. • At the end of the quarter, the Comp
Slide 5: NAV movement in Q3 2018
NAV movement in Q3 2018 Asset base Q3 2018 Q2 2018 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment property 10,507 0.25 2.50 12,725 0.31 3.03 Assets held for sale 2,288 0.06 0.54 275 0.01 0.07 Inventories 2,690 0.07 0.64 2,690 0.07 0.64 Cash 3,685 0.09 0.88 3,099 0.07 0.74 Oth
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q3 2018 Q3 2017 Operating Revenue 559 668 Operating Expenses (238) (227) Other operating income/ (expense), net (302) (311) Net financial income/(cost) (23) (486) Pre-tax result (4) (356) Result for the period (18) (361) Total assets 20,808 25,159 Total liabiliti
Slide 7: RomReal Properties Q3 2018
RomReal Properties Q3 2018 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 59,779 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) –The plot is being split in small plots suitable for house building and small blocks. The new Planning Permission (PUZ) was approved by Ovidiu City Hall during August 2017. Works for implementing the roads and utilities has commenced in November 2
Slide 9: Romanian Macro development
Romanian Macro development • Romania’s gross domestic product (GDP), jumped by 1.9 percent in the third quarter of this year compared with the second quarter, the fastest pace in a year, according to National Institute of Statistics (INS) flash estimate. • Current monetary and fiscal policies have c
Slide 10: Romania Real Estate Update
Romania Real Estate Update • The National Bank of Romania reintroduced limits for the maximum indebtedness levels for individuals/families seeking out either consumer or mortgage loans. • Office market: About 185,000 sqm in new modern office spaces are expected to be added in Bucharest in 2018, taki
Slide 11: Apartment Price Development (Oct '18)
Apartment Price Development (Oct ‘18) Romania • Average apartment prices in Romania registered a marginal increase at the end of Oct 2018, reaching EUR 1,220 /sqm Constanta • Prices in Constanta have reached in Oct 2018 EUR 1,148 /sqm, a 4.8% increase since the beginning of the current year. 11 RomR
Slide 12: RomReal shareholders as at 22/11/2018
RomReal shareholders as at 22/11/2018 Name Holding Percentage (1) This is the Top 20 SIX SIS AG 25PCT ACCOUNT 10,336,054 24.99 Shareholder list as per 22 Nov 2018. GRØNSKAG KJETIL 4,332,717 10.47 SAGA EIENDOM AS 3,162,383 7.64 (2) The total issued number of shares THORKILDSEN DØDSBO KAY TØNNES 3,071
Slide 13: Main focus areas going forward
Main focus areas going forward • RomReal is, according to the strategy, focusing on land value enhancing activities in order to improve on a case by case basis value and exit opportunities. • This includes, among others, increased sales & marketing efforts, some infra-structure investments, and enga
Slide 14: 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