Romreal Ltd. · OSL:ROM
Romreal — Q4 2017 Earnings Presentation
15 slides from Romreal's earnings presentation, Feb 23, 2018
Slide 1: RomReal Limited Investor presentation Q4 2017 results
RomReal Limited Investor presentation Fourth Quarter (Q4) 2017 results Harris Palaondas - IR Webcast 23 February 2018 This Presentation of the Q4 2017 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2017 Report which
Slide 2: Contents
Contents Q4 2017 highlights 3-4 NAV movement in Q4 2017 5 Financial highlights – IFRS 6 RomReal Properties per Q4 2017 7 Operational highlights 8 Romania Macro Developments 9 Romania Real Estate Update 10 Apartment Price Development 11 RomReal shareholders 12 Market Cap and NAV Development 13 Main f
Slide 3: Q4 2017 results – Highlights
Q4 2017 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.48 (NOK 4.72) per share, 8 per cent increase from 3rd quarter 2017. The year-end 2017 valuation was concluded by Knight Frank 15 February 2018. Operational highlights • Carrefour plot (No. 8 on the list): presale agreemen
Slide 4: Q4 2017 results – Highlights
Q4 2017 results – Highlights Financial Results • Net Result for the quarter was EUR 1,063,000 compared to EUR 14,000 in 4Q 2016. Operating cash flow for Q4 2017 was EUR 105,000 compared to EUR 418,000 in the same quarter last year. • By year-end, the Company has a cash position of EUR 3.5 million pl
Slide 5: NAV movement in Q4 2017
NAV movement in Q4 2017 Asset base Q4 2017 Q3 2017 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 11,103 0.34 3.36 13,509 0.34 3.11 property Assets held for 6,592 0.16 1.57 5,297 0.13 1.17 sale Inventories 2,667 0.06 0.63 2,525 0.06 0.56 Cash 3,505 0.08 0.83 3,401 0.06 0.56 O
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q4 2017 Q4 2016 YTD 2017 YTD 2016 Operating Revenue 36 58 11,703 508 Operating Expenses 22 131 (1,207) (515) Other operating income/ (expense), net 2,002 2,962 (9,184) 2,282 Net financial income/(cost) (699) (1,361) (1,392) (632) Pre-tax result 1,362 1,790 (80) 1
Slide 7: RomReal Properties Q4 2017
RomReal Properties Q4 2017 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 59,779 2 Badulescu plot Constanta North/Ovidiu 50,000 4 Ovidiu (Oasis) Constanta North/Ovidiu 24,651 5 Centrepoint Constanta North/Ovidiu 121,672 6 Gunaydin plot Constanta North/Ovidiu 15,000 7 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) has been approved by Ovidiu City Hall on 2nd August 2017. The estimated costs to improve attractiveness and market value is es
Slide 9: Romanian Macro development
Romanian Macro development • Romania posted the biggest economic growth in the European Union in the fourth quarter, according to Eurostat, the statistics office of the EU. • The Romanian economy grew by 7 percent of GDP in 2017, marking the biggest expansion since 2008, according to flash estimates
Slide 10: Romania Real Estate Update
Romania Real Estate Update • The real estate market in Romania registered last year the fastest growth in the last 5-7 years. Developers have intensified their activity in all sectors of real estate, taking advantage of the good market situation and growing demand. Trend: Building Permits issued in
Slide 11: Apartment Price Development (February '18)
Apartment Price Development (February ‘18) Romania • According to the online real estate platform immobiliare.ro, asking prices in Romania were up by 10.2% in in the last twelve months from a national average of EUR 1,064/sqm to EUR 1,172 /sqm Constanta • Prices in Constanta have reached in January
Slide 12: RomReal shareholders as at 16/02/2018
RomReal shareholders as at 16/02/2018 Shareholder Holding Percentage (1) This is the Top 20 SIX SIS AG 25PCT ACCOUNT 10,336,154 24.99 Shareholder list as per 16 Feb 2018. THORKILDSEN DØDSBO KAY TØNNES 5,415,756 13.09 GRØNSKAG KJETIL 4,038,449 9.76 (2) The total issued SAGA EIENDOM AS 2,862,383 6.92
Slide 13: Market capitalization and NAV development
Market capitalization and NAV development NOK million Source: Company; OSE; Infront; Market capitalization numbers for 2007 and 2008 are Company estimates. Exchange rate YE for both quarters in year . RomReal Limited – Fourth quarter 2017 13
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal is, according to the present strategy plan, focusing on land value enhancing activities in order to improve the shareholder value. • Key action points are increased & more professional sales & marketing efforts, if required some infra-structure investments an
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