Romreal Ltd. · OSL:ROM
Romreal — Q1 2023 Earnings Presentation
13 slides from Romreal's earnings presentation, May 25, 2023
Slide 1: RomReal Limited Investor presentation Q1 2023 results
RomReal Limited Investor presentation First Quarter (Q1) 2023 results Kjetil Gronskag 25 May 2023 This Presentation of the Q1 2023 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q1 2023 Report which is filed on Euronex
Slide 2: Contents
Contents Q1 2023 highlights 3-4 NAV movement in Q1 2023 5 Financial highlights 1Q.23 – IFRS 6 RomReal Properties per 1Q 2023 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 2023 results – Highlights
Q1 2023 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.38 (NOK 4.34, before any tax) per share, about 2.4% lower compared to the end of the fourth quarter 2022. Operational highlights • During the first quarter of 2023, the Company sold only one small plot from the Ovidiu Lak
Slide 4: Q1 2023 results – Highlights
Q1 2023 results – Highlights Financial Results • Net Result for the quarter was EUR 398,000 loss, compared to a EUR 332,000 profit in 1Q 2022. Net change in cash flow for the quarter was a negative EUR 289,000 compared to positive of EUR 563,000 in the same period last year. This was mainly due to t
Slide 5: NAV movement in Q1 2023
NAV movement in Q1 2023 Asset base Q1 2023 Q4 2022 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 4,414 0.11 1.21 4,398 0.11 1.12 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 5,650 0.14 1.55 5,719 0.14 1.45 Cash 3,810 0.09 1.04 4,098 0.10 1.04 Other 1,965
Slide 6: Financial highlights 1Q.23- IFRS
Financial highlights 1Q.23- IFRS RomReal Limited – First quarter 2023 6
Slide 7: RomReal Properties Q1 2023
RomReal Properties Q1 2023 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 2,475 2 Ovidiu Residence Constanta North/Ovidiu 50,000 3 Ovidiu (Oasis) Constanta North/Ovidiu 22,569 4 Centrepoint Constanta North/Ovidiu 121,672 5 Ovidiu Residence 2 and 3 Constanta North/Ovidiu 15,000
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – The Company made only one small sale this quarter. Street and utilities have been delivered to the City Hall for public use according to agreement. The City Hall delivered the utilities to the water company during February 2023. RomReal is marke
Slide 9: Romanian Macro development
Romanian Macro development • Romanian GDP advanced 2.3% year-on-year in the first quarter of 2023, easing from a growth of 4.5% growth in the previous month and the growth was somewhat below expectations. Even though, it was the eight consecutive quarter of growth. • The National Bank has kept the m
Slide 10: Apartment Price Development (End March 23)
Apartment Price Development (End March 23) • Starting from January 2023, the calculation methodology of the Imobiliare.ro index has been improved following a major upgrade. Therefore, the value of the Imobiliare.ro index have been replaced by the data obtained by applying the new methodology for the
Slide 11: RomReal shareholders as at 16/05/2023
RomReal shareholders as at 16/05/2023 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,813,322 14.05% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 16 May 2023. 4 SAGA EIENDOM AS 3,386,636 8.02% 5 AUSTBØ, EDVIN 2,108,500 5.10% •(2)
Slide 12: Outlook
Outlook • Both the CPI and GDP growth in Romania is expected to fall during 2023 with a modest improvement in 2024. This 2023 forecasted trend is confirmed according to macro figures hitherto. RomReal is in a relatively strong financial position with zero external debt. The weakening macro fundament
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