Romreal Ltd. · OSL:ROM
Romreal — Q1 2024 Earnings Presentation
13 slides from Romreal's earnings presentation, May 30, 2024
Slide 1: RomReal Limited Investor presentation Q1 2024 results
RomReal Limited Investor presentation First Quarter (Q1) 2024 results Kjetil Gronskag 30 May 2024 This Presentation of the Q1 2024 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q1 2024 Report which is filed on Euronex
Slide 2: Contents
Contents Q1 2024 highlights 3-4 NAV movement in Q1 2024 5 Financial highlights 1Q.24 – IFRS 6 RomReal Properties per 1Q 2024 7 Operational highlights 8 Romania Macro Developments 9 Apartment Price Development 10 RomReal shareholders 11 Outlook 12 Contact details 13 RomReal Limited – First quarter 20
Slide 3: Q1 2024 results – Highlights
Q1 2024 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.42 (NOK 4.87, before any tax) per share, up 1.5% from the year-end 2023. EUR/NOK was 11.72 end of Q1 2024 versus 11.26 by the end of Q4.23. Operational highlights • During the First quarter of 2024, the Company sold 3 plo
Slide 4: Q1 2024 results – Highlights
Q1 2024 results – Highlights Financial Results • Net Result for the quarter was a gain of EUR 231,000, compared to a EUR 389,000 loss in 1Q 2023. Net change in cash flow for the quarter was a positive EUR 427,000 compared to negative of EUR 289,000 in the same period last year. This was mainly due t
Slide 5: NAV movement in Q1 2024
NAV movement in Q1 2024 Asset base Q1 2024 Q4 2023 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,377 0.06 0.67 3,016 0.07 0.82 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 6,692 0.16 1.90 6,686 0.16 1.82 Cash 3,906 0.09 1.11 3,480 0.08 0.94 Other 4,205
Slide 6: Financial highlights 1Q.24 - IFRS
Financial highlights 1Q.24- IFRS EUR '000 Q1 2024 Q1 2023 Operating Revenue 1,500 101 Operating Expenses (291) (352) Other operating income/ (expense), net (923) (230) Net financial income/(cost) 89 83 Pre-tax result 374 (398) Result for the period 231 (389) Total assets 17,532 16,271 Total liabilit
Slide 7: RomReal Properties Q1 2024
RomReal Properties Q1 2024 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 1,126 2 Ovidiu (Oasis) Constanta North/Ovidiu 22,041 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) – Following the end of Q1 2024, the Company concluded sale of three plot from the Ovidiu Lake Side project. Two houses are still for sale. Street and utilities have been delivered to the City Hall for public use according to the agreement. The Cit
Slide 9: Romanian Macro development
Romanian Macro development • According to the European Commission (last update 15th May 2024), the 2023 GDP growth is estimated to have increased to 2.1%, a modest upwards revision from the 15 January 2024 statement. This is primarily due to higher private consumption supported by higher real income
Slide 10: Apartment Price Development (End March 24)
Apartment Price Development (End March 24) • Asking prices for apartments and houses in Romania increased in the First quarter of 2024 compared to Fourth quarter of 2023 (EUR 1,500/m2) to EUR 1,580/m2 at the end of 1Q 2024 and EUR 1,596/ m2 at the end of April 2024. • In Constanta, average prices in
Slide 11: RomReal shareholders as at 24/05/2024
RomReal shareholders as at 24/05/2024 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% 24 May 2024. 4 SAGA EIENDOM AS 3,386,636 8.19% 5 AUSTBØ, EDVIN 2,108,500 5.10%
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 general slower drop in inflation than previously predicted in Romania than in many peers, would
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